Old Point Financial (OPOF) 10-K 1 Apr 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 19, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Document Transition Report	false
Entity File Number	000-12896
Entity Registrant Name	OLD POINT FINANCIAL CORP
Entity Central Index Key	0000740971
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1265373
Entity Address, Address Line One	101 East Queen Street
Entity Address, City or Town	Hampton
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23669
City Area Code	757
Local Phone Number	728-1200
Title of 12(b) Security	Common Stock, $5.00 par value per share
Trading Symbol	OPOF
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 58,241,781
Entity Common Stock, Shares Outstanding		5,040,391
Auditor Firm ID	613
Auditor Name	Yount, Hyde & Barbour, P.C.
Auditor Location	Richmond, Virginia

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks		$ 14,731	$ 15,670
Interest-bearing due from banks		63,539	3,580
Federal funds sold		489	0
Cash and cash equivalents		78,759	19,250
Securities available-for-sale, at fair value		204,278	225,518
Restricted securities, at cost		5,176	3,434
Loans held for sale		470	421
Loans, net	[1]	1,068,046	1,016,559
Premises and equipment, net		29,913	31,008
Premises and equipment, held for sale		344	987
Bank-owned life insurance		35,088	34,049
Goodwill		1,650	1,650
Core deposit intangible, net		187	231
Other assets		22,471	22,228
Total assets		1,446,382	1,355,335
Deposits:
Noninterest-bearing deposits		331,992	418,582
Savings deposits		655,694	584,527
Time deposits		242,711	152,910
Total deposits		1,230,397	1,156,019
Overnight repurchase agreements		2,383	4,987
Federal funds purchased and other short-term borrowings		0	11,378
Federal Home Loan Bank advances		69,450	46,100
Long-term borrowings		29,668	29,538
Accrued expenses and other liabilities		7,706	8,579
Total liabilities		1,339,604	1,256,601
Stockholders' equity:
Common stock, $5 par value, 10,000,000 shares authorized; 5,040,095 and 4,999,083 shares outstanding (includes 53,660 and 46,989 of nonvested restricted stock, respectively)		24,932	24,761
Additional paid-in capital		17,099	16,593
Retained earnings		82,277	78,147
Accumulated other comprehensive loss, net		(17,530)	(20,767)
Total stockholders' equity		106,778	98,734
Total liabilities and stockholders' equity		$ 1,446,382	$ 1,355,335
[1]Net deferred loan costs totaled $1.2 million and $1.0 million at December 31, 2023 and 2022, respectively.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Stockholders' equity:
Common stock, par value (in dollars per share)	$ 5	$ 5
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares outstanding (in shares)	5,040,095	4,999,083
Restricted Stock [Member]
Stockholders' equity:
Nonvested restricted stock (in shares)	53,660	46,989

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest and dividend income:
Loans, including fees	$ 56,303	$ 41,407
Due from banks	2,067	598
Federal funds sold	34	21
Securities:
Taxable	7,177	4,936
Tax-exempt	719	994
Dividends and interest on all other securities	326	87
Total interest and dividend income	66,626	48,043
Interest expense:
Checking and savings deposits	6,810	746
Time deposits	7,057	1,403
Federal funds purchased, securities sold under agreements to repurchase and other borrowings	40	69
Federal Home Loan Bank advances	3,339	1,180
Long-term borrowings	1,181	207
Total interest expense	18,427	3,605
Net interest income	48,199	44,438
Provision for credit losses	2,601	1,706
Net interest income after provision for credit losses	45,598	42,732
Noninterest income:
Bank-owned life insurance income	1,038	909
Mortgage banking income	433	497
Loss on sale of available-for-sale securities, net	(134)	(1,870)
Loss on sale of repossessed assets	(69)	0
Gain on sale of premises and equipment	220	1,690
Total noninterest income	13,873	13,505
Noninterest expense:
Salaries and employee benefits	30,429	27,055
Occupancy and equipment	4,889	4,720
Data processing	5,010	4,630
Customer development	548	473
Professional services	2,664	2,673
Employee professional development	1,002	991
Other taxes	950	849
ATM and other losses	782	535
Other operating expenses	4,133	3,729
Total noninterest expense	50,407	45,655
Income before income taxes	9,064	10,582
Income tax expense	1,334	1,474
Net income	$ 7,730	$ 9,108
Basic Earnings per Share:
Weighted average shares outstanding (in shares)	5,025,006	5,071,130
Net income per share of common stock (in dollars per share)	$ 1.54	$ 1.8
Diluted Earnings per Share:
Weighted average shares outstanding (in shares)	5,025,139	5,071,169
Net income per share of common stock (in dollars per share)	$ 1.54	$ 1.8
Fiduciary and Asset Management Fees [Member]
Noninterest income:
Noninterest revenue	$ 4,632	$ 4,097
Service Charges on Deposit Accounts [Member]
Noninterest income:
Noninterest revenue	3,077	3,069
Other Service Charges, Commissions and Fees [Member]
Noninterest income:
Noninterest revenue	4,143	4,383
Other Operating Income [Member]
Noninterest income:
Noninterest revenue	$ 533	$ 730

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net income	$ 7,730	$ 9,108
Other comprehensive income (loss), net of tax
Net unrealized gain (loss) on available-for-sale securities	3,131	(23,919)
Reclassification for loss included in net income	106	1,477
Other comprehensive income (loss), net of tax	3,237	(22,442)
Comprehensive income (loss)	$ 10,967	$ (13,334)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Common Stock [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Other Comprehensive Income (Loss) [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]
Beginning Balance at Dec. 31, 2021	$ 26,006		$ 21,458		$ 71,679		$ 1,675		$ 120,818
Beginning Balance (in shares) at Dec. 31, 2021	5,201,272
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]						ASC 326 [Member]
Net income	$ 0		0		9,108		0		9,108
Other comprehensive income (loss), net of tax	0		0		0		(22,442)		(22,442)
Employee Stock Purchase Plan share issuance	$ 29		100		0		0		129
Employee Stock Purchase Plan share issuance (in shares)	5,765
Common stock purchased	$ (1,340)		(5,315)		0		0		(6,655)
Common stock purchased (in shares)	(268,095)
Restricted stock vested	$ 66		(66)		0		0		0
Restricted stock vested (in shares)	13,152
Share-based compensation expense	$ 0		416		0		0		416
Cash dividends	0		0		(2,640)		0		(2,640)
Ending Balance at Dec. 31, 2022	$ 24,761		16,593		78,147		(20,767)		$ 98,734
Ending Balance (ASC 326 [Member]) at Dec. 31, 2022		$ 0		$ 0		$ (783)		$ 0		$ (783)
Ending Balance (in shares) at Dec. 31, 2022	4,952,094								4,999,083
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 0		0		7,730		0		$ 7,730
Other comprehensive income (loss), net of tax	0		0		0		3,237		3,237
Employee Stock Purchase Plan share issuance	$ 37		94		0		0		131
Employee Stock Purchase Plan share issuance (in shares)	7,425
Restricted stock vested	$ 134		(134)		0		0		0
Restricted stock vested (in shares)	26,916
Share-based compensation expense	$ 0		546		0		0		546
Cash dividends	0		0		(2,817)		0		(2,817)
Ending Balance at Dec. 31, 2023	$ 24,932		$ 17,099		$ 82,277		$ (17,530)		$ 106,778
Ending Balance (in shares) at Dec. 31, 2023	4,986,435								5,040,095

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Changes in Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.56	$ 0.52

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating activities:
Net income	$ 7,730	$ 9,108
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,148	2,073
Amortization of right of use lease asset	430	350
Accretion related to acquisition, net	44	21
Amortization of subordinated debt issuance costs	130	131
Provision for credit losses	2,601	1,706
Loss on sale of securities, net	134	1,870
Net amortization of securities	710	1,193
(Increase) decrease in loans held for sale, net	(49)	2,866
Net gain on disposal of premises and equipment	(220)	(1,690)
Net gain on write-down/sale of repossessed assets	69	0
Income from bank owned life insurance	(1,038)	(909)
Stock compensation expense	546	416
Deferred tax expense	(88)	(51)
Increase in other assets	(1,093)	(1,371)
(Decrease) increase in accrued expenses and other liabilities	(1,058)	1,852
Net cash provided by operating activities	10,996	17,565
Investing activities:
Purchases of available-for-sale securities	(16,315)	(71,218)
Purchase of redemption of restricted securities, net	(681)	(2,400)
Proceeds from maturities and calls of available-for-sale securities	890	5,750
Proceeds from sales of available-for-sale securities	24,171	26,000
Paydowns on available-for-sale securities	14,687	16,799
Proceeds from sale of loans held for investment	0	7,328
Purchases of loans held for investment	0	(68,216)
Net increase in loans held for investment	(55,109)	(123,110)
Proceeds from sales of other real estate owned	0	986
Purchases of bank-owned life insurance	0	(5,000)
Purchases of premises and equipment	(1,053)	(1,354)
Proceeds from sale of premises and equipment	863	995
Net cash used in investing activities	(32,547)	(213,440)
Financing activities:
Decrease in noninterest-bearing deposits	(86,590)	(2,949)
Increase (decrease) in savings deposits	71,167	(1,923)
Increase (decrease) in time deposits	89,801	(16,208)
(Decrease) increase in federal funds purchased, repurchase agreements and other borrowings, net	(13,982)	11,829
Increase in Federal Home Loan Bank advances	457,300	118,100
Repayment of Federal Home Loan Bank advances	(433,950)	(72,000)
Repayment of Federal Reserve Bank borrowings	0	(480)
Proceeds from Employee Stock Purchase Plan issuance	131	129
Repurchase of common stock	0	(6,655)
Cash dividends paid on common stock	(2,817)	(2,640)
Net cash provided by financing activities	81,060	27,203
Net increase (decrease) in cash and cash equivalents	59,509	(168,672)
Cash and cash equivalents at beginning of period	19,250	187,922
Cash and cash equivalents at end of period	78,759	19,250
Cash payments for:
Interest	17,159	3,333
Supplemental schedule of noncash transactions
Unrealized gain (loss) on securities available-for-sale	4,098	(28,409)
Loans transferred to repossessed assets	215	279
Former bank property transferred from fixed assets to held for sale assets	0	345
Right of use lease asset and liability	0	911
Impact of adoption of ASC 326	$ 991	$ 0

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Description of Business and Summary of Significant Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Note 1. Description of Business and Summary of Significant Accounting Policies The Company Headquartered in Hampton, Virginia, Old Point Financial Corporation (NASDAQ: OPOF) (the Company) is a holding company that conducts substantially all of its operations through two wholly-owned subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (Wealth). The Bank serves individual and commercial customers, the majority of which are in the Hampton Roads region of Virginia. As of December 31, 2023, the Bank had 14 branch offices. The Bank offers a full range of deposit and loan products to its retail and commercial customers, including mortgage loan products offered through Old Point Mortgage. A full array of insurance products is also offered through Old Point Insurance, LLC in partnership with Morgan Marrow Company. Wealth offers a full range of services for individuals and businesses. Products and services include retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax services and investment management services. Principles of Consolidation The financial statements are presented on a consolidated basis and include the accounts of the Company, and its wholly-owned subsidiaries, the Bank and Wealth. All significant intercompany balances and transactions have been eliminated in consolidation. Basis of Presentation In preparing Consolidated Financial Statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses and evaluation of goodwill for impairment. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the results of operations in these financial statements, have been made. Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within the Hampton Roads region. The types of securities that the Company invests in are included in “Note 2. Securities.” The types of lending that the Company engages in are included in “Note 3. Loans and Allowance for Credit Losses on Loans.” The Company has significant concentrations in the following industries: construction, lessors of real estate, activities related to real estate, hotels, motels, and religious organizations. The Company does not have any significant concentrations to any one customer. At December 31, 2023 and 2022, there were $578.1 million and $534.5 million, or 53.5% and 52.0%, respectively, of total loans concentrated in commercial real estate. Commercial real estate for purposes of this note includes all construction loans, loans secured by multifamily residential properties, loans secured by farmland and loans secured by nonfarm, nonresidential properties. Refer to “Note 3. Loans and Allowance for Credit Losses on Loans” for further detail. Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents includes cash and balances due from banks and federal funds sold, all of which mature within 90 days. The Bank is typically required to maintain cash reserve balances on hand or with the FRB. At December 31, 2023, there was no minimum reserve requirement as a result of a rule adopted by the FRB in March 2020 eliminating the reserve requirement. Interest-Bearing Deposits in Banks Interest-bearing deposits in banks mature within one year and are carried at cost. Securities Certain debt securities that management has the positive intent and ability to hold until maturity are classified as held-to-maturity and recorded at amortized cost. Securities not classified as held-to-maturity, excluding equity securities with readily determinable fair values which are recorded at fair value through the income statement, are classified as available-for-sale and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in accumulated other comprehensive income (loss). Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. The Company has no trading securities. Impairment of debt securities occurs when the fair value of a security is less than its amortized cost. The Company has elected to exclude accrued interest receivable from the amortized cost basis. For debt securities available-for-sale, impairment is recognized in its entirety in net income if either (i)the Company intends to sell the security or (ii) it is more-likely-than-not that the Company will be required to sell the security before recovery of its amortized cost basis. If, however, the Company does not intend to sell the security and it is not more-likely-than-not that the Company will be required to sell the security before recovery, the Company evaluates unrealized losses to determine whether a decline in fair value below amortized cost basis is a result of a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security, or other factors such as changes in market interest rates. If a credit loss exists, an allowance for credit losses is recorded that reflects the amount of the impairment related to credit losses, limited by the amount by which the security’s amortized cost basis exceeds its fair value. Changes in the allowance for credit losses are recorded in net income in the period of change and are included in provision for credit losses. Changes in the fair value of debt securities available-for-sale not resulting from credit losses are recorded in other comprehensive loss. The Company regularly reviews unrealized losses in its investments in securities and cash flows expected to be collected from impaired securities based on criteria including the extent to which market value is below amortized cost, the financial health of and specific prospects for the issuer, the Company’s intention with regard to holding the security to maturity and the likelihood that the Company would be required to sell the security before recovery. Restricted Securities, at Cost The Company, as a member of the FRB and the FHLB of Atlanta is required to maintain an investment in the capital stock of both the FRB and the FHLB. The Company also has an investment in the capital stock of CBB. Based on the redemption provisions of these investments, the stocks have no quoted market value, are carried at cost, and are listed as restricted securities. The Company reviews its holdings for impairment based on the ultimate recoverability of the cost basis in the FRB, FHLB, and CBB stock. Loans Held for Sale The Company records loans held for sale using the lower of cost or fair value. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Any changes in the application of lower of cost or market accounting of loans held for sale is recorded as a component of “Mortgage banking income” within the Company’s Consolidated Statements of Income. Loans The Company extends loans to individual consumers and commercial customers for various purposes. Most of the Company’s loans are secured by real estate, including real estate construction loans, real estate commercial loans, and real estate mortgage loans (i.e., residential 1-4 family mortgages, second mortgages and equity lines of credit). Other loans are secured by collateral that is not real estate, which may include inventory, accounts receivable, equipment or other personal property. A substantial portion of the loan portfolio is represented by real estate mortgage loans throughout Hampton Roads. The ability of the Company’s debtors to honor their contracts is dependent in part upon the real estate and general economic conditions in this area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for unearned income, the ACLL and any unamortized deferred fees or costs on originated loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. Nonaccruals, Past Dues and Charge-offs The accrual of interest on commercial loans (including construction loans and commercial loans secured and not secured by real estate) is generally discontinued at the time the loan is 90 days past due unless the credit is well-secured and in the process of collection. Consumer loans not secured by real estate and consumer real estate secured loans (i.e., residential 1-4 family mortgages, second mortgages and equity lines of credit) are generally placed on nonaccrual status when payments are 120 days past due. Past due status is based on the contractual terms of the loan agreement, and loans are considered past due when a payment of principal and/or interest is due but not paid. Regular payments not received within the payment cycle are considered to be 30, 60, or 90 or more days past due accordingly. In all cases, loans are placed on nonaccrual status or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual status or charged off is reversed against interest income. The interest on these loans is accounted for on the cash basis or cost recovery method, until qualifying for return to accrual status or charged off. Loans are generally returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured, or when the borrower has resumed paying the full amount of the scheduled contractual interest and principal payments for at least six months. Loans are generally fully charged off or partially charged down to the fair value of collateral securing the asset when: • Management determines the asset to be uncollectible; • Repayment is deemed to be protracted beyond reasonable time frames; • The asset has been classified as a loss by either the internal loan review process or external examiners; • The borrower has filed for bankruptcy protection and the loss becomes evident due to a lack of borrower assets; or • The loan is 120 days or more past due unless the loan is both well secured and in the process of collection. Adoption of New Accounting Standards On January 1, 2023, the Company adopted ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, as amended, which replaces the incurred loss methodology with an expected loss methodology that is referred to as the CECL model, which requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. It also applies to unfunded credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842 on leases. In addition, ASC 326 modified the impairment for available-for-sale debt securities, requiring credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities management does not intend to sell or believes that it is more likely than not they will be required to sell. It also modified the measurement principles for modifications of loans to borrowers experiencing financial difficulty, including how the ACL is measured for such loans. The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet credit exposures. Results for reporting periods beginning after January 1, 2023, are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP. As a result of adopting ASC 326, the Company recorded a net decrease to retained earnings of $783 thousand. The Company adopted ASC 326 using the prospective transition approach for debt securities. The adoption did not affect the carrying value of debt securities or the amount of unrealized gains and losses recorded in accumulated other comprehensive loss. Upon adoption of ASC 326, the Company did not have any securities included in its portfolio where other-than-temporary impairment had previously been recognized or that required an ACL. The following table illustrates the impact of ASC 326 on the allowance for credit losses. December 31, 2022 January 1, 2023 (dollars in thousands) As Previously Reported (Incurred Loss) Impact of CECL Adoption As Reported Under CECL Assets Loans Commercial and industrial $ 673 $ (11 ) $ 662 Real estate construction 552 19 571 Real estate mortgage 2,575 87 2,662 Real estate commercial 4,499 1,048 5,547 Consumer 2,065 (365 ) 1,700 Other 162 (137 ) 25 Allowance for credit losses on loans 10,526 641 11,167 Liabilities: Allowance for credit losses on unfunded credit exposure 51 350 401 Total allowance for credit losses $ 10,577 $ 991 $ 11,568 The following accounting policies have been updated in connection with the adoption of ASC 326 and apply to periods beginning on January 1, 2023. Loans Held for Investment The Company makes commercial, consumer, and mortgage loans to customers. The Company’s recorded investment in loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally is reported at the unpaid principal balances adjusted for charges-offs, unearned discounts, any deferred fees or costs on originated loans, and the ACLL. Interest on loans is accrued based on the unpaid principal balance. Loan fees and origination costs are deferred, and the net amount is amortized as a level yield adjustment over the respective term of the relat ed loans. The past due status of a loan is based on the contractual due date of the most delinquent payment due. Commercial loans are generally placed on nonaccrual status when the collection of principal or interest is 90 days or more past due, or earlier, if the full and timely collection of interest or principal becomes uncertain based on an evaluation of the net realizable value of the collateral and the financial strength of the borrower. Consumer loans are generally placed on nonaccrual status when payments are 120 days past due. Any accrued interest receivable on loans placed on nonaccrual status is reversed by an adjustment to interest income. Loans greater than 90 days past due may remain on accrual status if determined to have adequate collateral to cover the principal and interest. For those loans that are carried on nonaccrual status, payments are first applied to principal outstanding. A loan may be returned to accrual status if the borrower has demonstrated a sustained period of repayment performance in accordance with the contractual terms of the loan and there is reasonable assurance the borrower will continue to make payments as agreed. These policies are applied consistently across the loan portfolio. In the ordinary course of business, the Company enters commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the Consolidated Balance Sheets when they are funded. Allowance for Credit Losses on Loans The provision for credit losses on loans charged to operations is an amount sufficient to bring the allowance to an estimated balance that management considers adequate to absorb expected credit losses in the Company’s loan portfolio. The ACLL 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. Amortized cost is the principal balance outstanding, net of any purchase premiums and discounts and net of any deferred loan fees and costs. The ACLL represents management’s estimate of credit losses over the remaining life of the loan portfolio. Loans are charged off against the ACLL when management believes the loan balance is no longer collectible. Subsequent recoveries of previously charged off amounts are recorded as increases to the ACLL. Management’s determination of the adequacy of the ACLL is based on an evaluation of the composition of the loan portfolio, the value and adequacy of collateral, current economic conditions, historical loan loss experience, delinquency status, reasonable and supportable forecasts, and other risk factors. The ACLL is estimated by pooling loans by call code and similar risk characteristics and applying a loan-level discounted cash flows method for all loans except for its automobile, farmland, and consumer portfolios. For automobile, farmland, and consumer portfolios, the Company has elected to pool those loans based on similar risk characteristics to determine the ACLL using the remaining life method. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The Company utilizes a forecast period of one year and then reverts to the mean of historical loss rates on a straight-line basis over the following one-year period. The Company considers economic forecasts and recession probabilities from highly recognized third-parties to inform the model for loss estimation. For instance, the Company considers the Virginia and regional unemployment rate as an external economic variable in developing the ACLL. The quantitative ACLL estimate is sensitive to changes in the unemployment rate. Because current economic conditions and forecasts can change and future events are inherently difficult to predict, the anticipated amount of estimated credit losses on loans and therefore the appropriateness of the ACLL, could change significantly. It is difficult to estimate how potential changes in any one economic factor or input might affect the overall ACLL because changes in those factors and inputs may not occur at the same rate and may not be consistent across all loan types. Additionally, changes in factors and inputs may be directionally inconsistent, such that improvement in one factor may offset deterioration in others. Management also considers qualitative factors when estimating loan losses to take into account model limitations. Factors considered by management include changes and expected changes in general market, economic and business conditions; the nature and volume of the loan portfolio; the volume and severity of delinquencies and adversely classified loan balances and the value of underlying collateral. While management uses available information to estimate expected losses on loans, future changes in the ACLL may be necessary based on changes in portfolio composition, portfolio credit quality, and/or economic conditions. Loans that do not share risk characteristics are evaluated on an individual basis. The individual reserve component relates to loans that have shown substantial credit deterioration as measured by risk rating and/or delinquency status. In addition, the Company has elected the practical expedient that would include loans for individual assessment consideration if the repayment of the loan is expected substantially through the operation or sale of collateral because the borrower is experiencing financial difficulty. Where the source of repayment is the sale of collateral, the ACLL is based on the fair value of the underlying collateral, less selling costs, compared to the amortized cost basis of the loan. If the ACLL is based on the operation of the collateral, the reserve is calculated based on the fair value of the collateral calculated as the present value of expected cash flows from the operation of the collateral, compared to the amortized cost basis. If the Company determines that the value of a collateral dependent loan is less than the recorded investment in the loan, the Company charges off the deficiency if it is determined that such amount is deemed to be a confirmed loss. Typically, a loss is confirmed when the Company is moving towards foreclosure (or final disposition). Reserve for Unfunded Commitments The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit unless that obligation is unconditionally cancellable by the Company. The reserve for unfunded commitments is measured based on the principles utilized in estimating the allowance for credit losses on loans and an estimate of the amount of unfunded commitments expected to be advanced. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded and is included in “Other Liabilities” within the Company’s Consolidated Balance Sheets. Accrued Interest Receivable The Company has elected to exclude accrued interest from the amortized cost basis in its determination of the ACLL, as well as elected the policy to write-off accrued interest receivable directly through the reversal of interest income. Accrued interest receivable totaled $3.5 million on loans held for investment as of December 31, 2023, and is included in “Other Assets” on the Company’s Consolidated Balance Sheet. Allowance for Credit Losses – Available-For-Sale Securities Investments in debt securities are classified as either held to maturity, available-for-sale, or trading, based on management’s intent. Currently, all the Company’s debt securities are classified as available-for-sale. Available-for-sale debt securities are carried at estimated fair value with the corresponding unrealized gains and losses recognized in other comprehensive income (loss). Gains or losses are recognized in net income on the trade date using the amortized cost of the specific security sold. Purchase premiums are recognized in interest income using the effective interest rate method over the period from purchase to maturity or, for callable securities, the earliest call date, and purchase discounts are recognized in the same manner from purchase to maturity. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell are met, the security’s amortized cost basis is written down to fair value through income. For debt securities available-for-sale that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income (loss). Changes in the ACL are recorded as a credit loss expense or reversal. Losses are charged against the allowance when management believes the uncollectability of an available-for-sale security is confirmed or when either of the criteria regarding interest or requirement to sell is met. Accrued interest receivable on available-for-sale securities is excluded from the estimate of credit losses. Other accounting standards that have been adopted by the Company or issued by the FASB or other standards-setting bodies have not or are not currently expected to have a material effect on the Company’s financial position, results of operations or cash flows. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company (i.e., put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership); (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Other Real Estate Owned (OREO) Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance (direct write-downs) are included in gain on other real estate owned on the Consolidated Statements of Income. Goodwill The Company’s goodwill was recognized in connection with a past business combination and is reported at the Bank segment. The Company reviews the carrying value of goodwill at least annually or more frequently if certain impairment indicators exist. In testing goodwill for impairment, the Company may first consider qualitative factors to determine whether the existence of events or circumstances lead to a determination that it is more likely than not that the fair value of a reporting unit is less than the carrying amount. If, after assessing the totality of events and circumstances, the Company concludes Company if the Company concludes that Bank-Owned Life Insurance The Company owns insurance on the lives of a certain group of key employees. The cash surrender value of these policies is included as an asset on the consolidated balance sheets, and the increase in cash surrender value is recorded as noninterest income on the Consolidated Statements of Income. In the event of the death of an insured individual under these policies, the Company would receive a death benefit payment. Any excess in the amount received over the recorded cash surrender value would be recorded as other operating income on the Consolidated Statements of Income. Premises and Equipment Land is carried at cost. Buildings and equipment are stated at cost, less accumulated depreciation and amortization computed on the straight-line method over the estimated useful lives of the assets. Buildings and equipment are depreciated over their estimated useful lives ranging from 3 to 39 years; leasehold improvements are amortized over the lives of the respective leases or the estimated useful life of the leasehold improvement, whichever is less. Software is amortized over its estimated useful life ranging from 3 to 5 years. Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, including commitments under commercial letters of credit and lines of credit. Such financial instruments are recorded when they are funded. Stock Compensation Plans Stock compensation accounting guidance (FASB ASC 718, “Compensation -- Stock Compensation”) requires that the compensation cost related to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black Scholes model is used to estimate the fair value of the stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Revenue Recognition Revenue recognized from contracts with customers is accounted for under ASC 606 and is primarily included in the Company’s noninterest income. Fiduciary and asset management fees are earned as the Company satisfies it performance obligation over time. Additional services are transactional-based and the revenue is recognized as incurred. Service charges on deposit accounts consist of account analysis fees, monthly service fees, and other deposit account related fees. Account analysis and monthly service fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Other deposit account related fees are largely transaction based and therefore fees are recognized at the point in time when the Company has satisfied its performance obligation. The Company earns other service charges, commissions, and fees from its customers for transaction-based services. Such services include debit card, ATM, merchant services, investment services, and other service charges. In each case, these service charges and fees are recognized in income at the time or within the same period that the Company’s performance obligation is satisfied. The Company earns interchange fees from debit cardholder transactions conducted through various payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services. Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (FASB ASC 740, “Income Taxes”). The Company adopted the accounting guidance related to accounting for uncertainty in income taxes, which sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. Income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability or balance sheet method. Under this method, the net deferred tax asset or liability is based on the tax effects of the difference between the book and tax basis of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more-likely-than-not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more-likely-than-not means a like

Securities

Securities	12 Months Ended
	Dec. 31, 2023
Securities [Abstract]
Securities Portfolio	Note 2. Securities On January 1, 2023, the Company adopted ASC 326, which made changes to the accounting for available-for-sale debt All securities information presented as of December 31, 2023, is in accordance with ACS 326. All securities information presented as of December 31, 2022, or a prior date is in accordance with previous applicable GAAP. See information regarding the Company’s prior accounting policies in “Note 1. Significant Accounting Policies” in the Company’s 2022 Form 10-K. Securities had no associated ACL as of December 31, 2023. The amortized cost and fair value, with gross unrealized gains and losses, of securities available-for-sale as of the dates indicated were as follows: December 31, 2023 Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains (Losses) Value U.S. Treasury securities $ 4,068 $ - $ (211 ) $ 3,857 Obligations of U.S. Government agencies 43,233 167 (665 ) 42,735 Obligations of state and political subdivisions 58,292 13 (7,708 ) 50,597 Mortgage-backed securities 91,328 84 (10,105 ) 81,307 Money market investments 2,047 - - 2,047 Corporate bonds and other securities 27,500 - (3,765 ) 23,735 $ 226,468 $ 264 $ (22,454 ) $ 204,278 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains (Losses) Value U.S. Treasury securities $ 8,013 $ - $ (342 ) $ 7,671 Obligations of U.S. Government agencies 43,622 10 (1,233 ) 42,399 Obligations of state and political subdivisions 70,491 - (11,107 ) 59,384 Mortgage-backed securities 99,874 - (10,961 ) 88,913 Money market investments 1,816 - - 1,816 Corporate bonds and other securities 27,990 - (2,655 ) 25,335 $ 251,806 $ 10 $ (26,298 ) $ 225,518 Securities with a fair value of $81.5 million and $82.6 million at December 31, 2023 and 2022, respectively, were pledged to secure public deposits, securities sold under agreements to repurchase, FHLB advances and for other purposes required or permitted by law. At December 31, 2023, the Company held no securities of any single issuer (excluding U.S. Government agencies) with a book value that exceeded 10 percent of stockholders’ equity. The amortized cost and fair value of securities by contractual maturity are shown below. December 31, 2023 Amortized Fair (dollars in thousands) Cost Value Due in one year or less $ 1,570 $ 1,541 Due after one year through five years 12,962 12,178 Due after five through ten years 63,248 54,806 Due after ten years 146,641 133,706 Other securities, restricted 2,047 2,047 $ 226,468 $ 204,278 The following table shows realized gains and losses on the sale of investment securities sold during the years ended December 31, 2023 and 2022: Years Ended December 31, (dollars in thousands) 2023 2022 Realized gains on sales of securities $ 1,061 $ - Realized losses on sales of securities (1,195 ) (1,870 ) Net realized loss $ (134 ) $ (1,870 ) Securities in an unrealized loss position at December 31, 2023, by duration of the period of unrealized loss, are shown below. December 31, 2023 Less than 12 months 12 months or more Total Gross Gross Gross Number Unrealized Fair Unrealized Fair Unrealized Fair of (dollars in thousands) Losses Value Losses Value Losses Value Securities U.S. Treasury securities $ - $ - $ 211 $ 3,857 $ 211 $ 3,857 1 Obligations of U.S. Government agencies 91 8,803 574 22,817 665 31,620 43 Obligations of state and political subdivisions - - 7,708 49,597 7,708 49,597 43 Mortgage-backed securities 96 4,423 10,009 73,347 10,105 77,770 40 Corporate bonds and other securities - - 3,765 22,735 3,765 22,735 23 Total securities available-for-sale $ 187 $ 13,226 $ 22,267 $ 172,353 $ 22,454 $ 185,579 150 There were 150 185.6 Securities in an unrealized loss position at December 31,2022, by duration of the period of unrealized loss, are shown below. December 31, 2022 Less than 12 months 12 months or more Total Gross Gross Gross Number Unrealized Fair Unrealized Fair Unrealized Fair of (dollars in thousands) Losses Value Losses Value Losses Value Securities U.S. Treasury securities $ 342 $ 7,671 $ - $ - $ 342 $ 7,671 4 Obligations of U.S. Government agencies 258 13,873 975 22,851 1,233 36,724 43 Obligations of state and political subdivisions 5,386 33,720 5,721 23,856 11,107 57,576 56 Mortgage-backed securities 4,157 52,717 6,804 36,196 10,961 88,913 38 Corporate bonds and other securities 1,084 12,906 1,571 11,429 2,655 24,335 21 Total securities available-for-sale $ 11,227 $ 120,887 $ 15,071 $ 94,332 $ 26,298 $ 215,219 162 The restricted stock category is comprised of FHLB, FRB, and CBB stock. These stocks are classified as restricted securities because their ownership is restricted to certain types of entities and the securities lack a market. Therefore, FHLB, FRB, and CBB stock are carried at cost and evaluated for impairment. When evaluating these stocks for impairment, their value is determined based on the ultimate recoverability of the par value rather than by recognizing temporary declines in value. Restricted stock is viewed as a long-term investment and management believes that the Company has the ability and the intent to hold this stock until its value is recovered. The Company did not consider its investment in restricted stock to be impaired at December 31, 2023 and no impairment has been recognized.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses on Loans	12 Months Ended
	Dec. 31, 2023
Loans and Allowance for Credit Losses on Loans [Abstract]
Loans and Allowance for Credit Losses on Loans	Note 3. Loans and Allowance for Credit Losses on Loans On January 1, 2023, the Company adopted ASC 326. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables. For further discussion on the Company’s accounting policies and policy elections related to the accounting standard update refer to “Note 1. Description of Business and Summary of Significant Accounting Policies.” All loan information presented as of December 31, 2023, is in accordance with ASC 326. All loan information presented as of December 31, 2022, or a prior date is in accordance with previous applicable GAAP. The following is a summary of the balances in each class of the Company’s portfolio of loans held for investment as of the dates indicated: December 31, (dollars in thousands) 2023 2022 Mortgage loans on real estate: Residential 1-4 family $ 188,517 $ 169,248 Commercial - owner occupied 156,466 184,586 Commercial - non-owner occupied 285,250 245,277 Multifamily 29,207 26,675 Construction and land development 107,179 77,944 Second mortgages 10,148 8,828 Equity lines of credit 55,981 54,340 Total mortgage loans on real estate 832,748 766,898 Commercial and industrial loans 64,112 72,578 Consumer automobile loans 160,437 163,018 Other consumer loans 19,718 22,251 Other (1) 3,237 2,340 Total loans, net of deferred fees (2) 1,080,252 1,027,085 Less: Allowance for credit losses on loans 12,206 10,526 Loans, net of allowance and deferred fees (2) $ 1,068,046 $ 1,016,559 (1) Overdrawn accounts are reclassified as loans and included in the Other catergory in the table above. Overdrawn deposit accounts, excluding internal use accounts, totaled at December 31, 2023 and 2022, respectively. (2) Net deferred loan costs totaled $1.2 million and $1.0 million at December 31, 2023 and 2022, respectively. All classes of loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Interest and fees continue to accrue on past due loans until the date the loan is placed in nonaccrual status, if applicable. The following table includes an aging analysis of the recorded investment in past due loans as of the dates indicated. Also included in the table below are loans that are 90 days or more past due as to interest and principal and still accruing interest, because they are well-secured and in the process of collection. The following table shows the aging of the Company’s loan portfolio, by class, as of December 31, 2023. Age Analysis of Past Due Loans as of December 31, 2023 (dollars in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due and still Accruing Nonaccrual (2) Total Current Loans (1) Total Mortgage loans on real estate: Residential 1-4 family $ 1,194 $ - $ 368 $ 142 $ 186,813 $ 188,517 Commercial - owner occupied 100 - 322 - 156,044 156,466 Commercial - non-owner occupied - 896 - - 284,354 285,250 Multifamily - - - - 29,207 29,207 Construction and land development - - - - 107,179 107,179 Second mortgages 160 6 - - 9,982 10,148 Equity lines of credit 205 - - 46 55,730 55,981 Total mortgage loans on real estate $ 1,659 $ 902 $ 690 $ 188 $ 829,309 $ 832,748 Commercial and industrial loans 527 427 306 - 62,852 64,112 Consumer automobile loans 3,254 706 661 - 155,816 160,437 Other consumer loans 634 264 123 - 18,697 19,718 Other 29 - - - 3,208 3,237 Total $ 6,103 $ 2,299 $ 1,780 $ 188 $ 1,069,882 $ 1,080,252 (1) For purposes of this table, Total Current Loans includes loans that are 1 - 29 days past due. (2) For purposes of this table, if a loan is past due and on nonaccrual, it is included in the nonaccrual column and not also in its respective past due column. The following table shows the Company’s amortized cost basis of loans on nonaccrual status as of January 1, 2023, as well as the amortized cost basis of loans on nonaccrual status and loans past due 90 days and accruing as of December 31, 2023 by class of loan. Nonaccrual (dollars in thousands) January 1, 2023 December 31, 2023 Nonaccrual with no ACLL 90 Days and still Accruing Mortgage loans on real estate: Residential 1-4 family $ 154 $ 142 $ - $ 368 Commercial - owner occupied - - - 322 Construction and land development 945 - - - Equity lines of credit - 46 - - Total mortgage loans on real estate 1,099 188 - 690 Commercial and industrial loans 144 - - 306 Consumer automobile loans - - - 661 Other consumer loans - - - 123 Total $ 1,243 $ 188 $ - $ 1,780 The Company’s loan portfolio may include certain loans modified, where economic concessions have been granted to borrowers who are experiencing financial difficulties. These concessions typically result from the Company’s loss mitigation activities and could include reduction in the interest rate below current market rates for borrowers with similar risk profiles, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. The Company closely monitors the performance of modified loans to understand the effectiveness of modification efforts. Upon the determination that all or a portion of a modified loan is uncollectible, that amount is charged against the ACL. The Company did not grant any such modifications during the year ended December 31, 2023. Allowance for Credit Losses on Loans ACLL is a material estimate for the Company. The Company estimates its ACLL on a quarterly basis. The Company models the ACLL using two primary segments, commercial and consumer. Within each segment, loan classes are further identified based on similar risk characteristics. The Company has identified the following classes within each segment: • Commercial : commercial and industrial, real estate - construction and land development, real estate – commercial (owner occupied and non-owner occupied), and other loans • Consumer : real estate – mortgage, and consumer loans Each portfolio class has risk characteristics as follows: • Commercial and industrial: Commercial and industrial loans carry risks associated with the successful operation of a business or project, in addition to other risks associated with the ownership of a business. The repayment of these loans may be dependent upon the profitability and cash flows of the business. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time and cannot be appraised with as much precision. • Real estate - construction and land development: Construction loans carry risks that the project will not be finished according to schedule, the project will not be finished according to budget and the value of the collateral may at any point in time be less than the principal amount of the loan. Construction loans also bear the risk that the general contractor, who may or may not be the loan customer, may be unable to finish the construction project as planned because of financial pressure unrelated to the project. • Real estate - commercial: Commercial real estate loans carry risks associated with the successful operation of a business if owner occupied. If non-owner occupied, the repayment of these loans may be dependent upon the profitability and cash flow from rent receipts. • Real estate - mortgage: Residential mortgage loans and equity lines of credit carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral. • Consumer loans: Consumer loans carry risks associated with the continued credit-worthiness of the borrowers and the value of the collateral. Consumer loans are more likely than real estate loans to be immediately adversely affected by job loss, divorce, illness, or personal bankruptcy. • Other loans: Other loans are loans to mortgage companies, loans for purchasing or carrying securities, and loans to insurance, investment, and finance companies. These loans carry risks associated with the successful operation of a business. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time, depend on interest rates, or fluctuate in active trading markets. The following tables presents the activity in the ACLL by portfolio class for the year ended December 31, 2023. Allowance for Credit Losses and Recorded Investment in Loans For the Year Ended December 31, 2023 (dollars in thousands) Commercial and Industrial Real Estate Construction and Land Development Real Estate - Mortgage (1) Real Estate- Commercial (2) Consumer (3) Other Unallocated Total Allowance for credit losses on loans: Balance, beginning $ 673 $ 552 $ 2,575 $ 4,499 $ 2,065 $ 156 $ 6 $ 10,526 Day 1 impact of adoption of CECL (11 ) 19 87 1,048 (365 ) (137 ) - 641 Charge-offs (492 ) - - - (1,613 ) (298 ) - (2,403 ) Recoveries 69 - 42 - 506 59 - 676 Provision for loan losses 334 411 200 195 1,234 398 (6 ) 2,766 Ending Balance $ 573 $ 982 $ 2,904 $ 5,742 $ 1,827 $ 178 $ - $ 12,206 (1) The real estate-mortgage segment included residential 1-4 family, multi-family, second mortgages and equity lines of credit. (2) The real estate-commerical segment included commerical-owner occupied and commercial non-owner occupied (3) The consumer segment includes consumer automobile loans. The following table presents a breakdown of the provision for credit losses for the periods indicated. Year Ended December 31, (dollars in thousands) 2023 2022 Provision for credit losses: Provision for loans $ 2,766 $ 1,706 Provison for (recovery of) unfunded commitments (165 ) - Total $ 2,601 $ 1,706 Credit Quality Indicators Credit quality indicators are utilized to help estimate the collectability of each loan. Consumer loans not secured by real estate and made to individuals for household, family and other personal expenditures are segmented into pools based on days past due, while all other loans, including loans to consumers that are secured by real estate, are segmented by risk grades. While other credit quality indicators are evaluated and analyzed as part of the Company’s credit risk management activities, the Company uses internally-assigned risk grades as the primary indicator to estimate the capability of borrowers to repay the contractual obligations of their loan agreements as scheduled or at all. The Company’s internal risk grade system is based on experiences with similarly graded loans. Credit risk grades are updated at least quarterly as additional information becomes available, at which time management analyzes the resulting scores to track loan performance. The Company’s internally assigned risk grades are as follows: • Pass: Loans are of acceptable risk. • Other Assets Especially Mentioned (OAEM): Loans have potential weaknesses that deserve management’s close attention. • Substandard: Loans reflect significant deficiencies due to several adverse trends of a financial, economic or managerial nature. • Doubtful: Loans have all the weaknesses inherent in a substandard loan with added characteristics that make collection or liquidation in full based on currently existing facts, conditions, and values highly questionable or improbable. • Loss: Loans have been identified for charge-off because they are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. The following tables present credit quality exposures by internally assigned risk ratings originated as of the dates indicated: December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Total Construction and land development Pass $ 40,168 $ 36,581 $ 25,770 $ 3,630 $ 297 $ 285 $ 448 $ 107,179 OAEM - - - - - - - - Substandard - - - - - - - - Total construction and land development $ 40,168 $ 36,581 $ 25,770 $ 3,630 $ 297 $ 285 $ 448 $ 107,179 Commercial real estate - owner occupied Pass $ 10,145 $ 33,720 $ 21,058 $ 13,708 $ 12,025 $ 56,978 $ 5,680 $ 153,314 OAEM - - - - 77 2,985 - 3,062 Substandard - - - - - 90 - 90 Total commercial real estate - owner occupied $ 10,145 $ 33,720 $ 21,058 $ 13,708 $ 12,102 $ 60,053 $ 5,680 $ 156,466 Commercial real estate - non-owner occupied Pass $ 31,539 $ 53,217 $ 96,755 $ 38,704 $ 10,517 $ 51,451 $ 2,263 $ 284,446 OAEM - - - - 804 - - 804 Substandard - - - - - - - - Total commercial real estate - non-owner occupied $ 31,539 $ 53,217 $ 96,755 $ 38,704 $ 11,321 $ 51,451 $ 2,263 $ 285,250 Commercial and industrial Pass $ 18,248 $ 21,698 $ 4,300 $ 1,691 $ 2,192 $ 2,075 $ 13,908 $ 64,112 OAEM - - - - - - - - Substandard - - - - - - - - Total commercial and industrial $ 18,248 $ 21,698 $ 4,300 $ 1,691 $ 2,192 $ 2,075 $ 13,908 $ 64,112 Multifamily real estate Pass $ 6,568 $ 3,841 $ 2,151 $ 605 $ 5,955 $ 9,005 $ 1,082 $ 29,207 OAEM - - - - - - - - Substandard - - - - - - - - Total multifamily real estate $ 6,568 $ 3,841 $ 2,151 $ 605 $ 5,955 $ 9,005 $ 1,082 $ 29,207 Residential 1-4 family Pass $ 27,497 $ 41,062 $ 39,937 $ 26,368 $ 13,009 $ 52,148 $ 54,087 $ 254,108 OAEM - - - - - - - - Substandard - - - 350 46 142 - 538 Total residential 1-4 family $ 27,497 $ 41,062 $ 39,937 $ 26,718 $ 13,055 $ 52,290 $ 54,087 $ 254,646 Consumer - automobile Pass $ 52,750 $ 83,885 $ 13,184 $ 4,152 $ 1,618 $ 4,848 $ - $ 160,437 OAEM - - - - - - - - Substandard - - - - - - - - Total consumer - automobile $ 52,750 $ 83,885 $ 13,184 $ 4,152 $ 1,618 $ 4,848 $ - $ 160,437 Consumer - other Pass $ 323 $ 765 $ 330 $ 109 $ 11 $ 16,089 $ 2,091 $ 19,718 OAEM - - - - - - - - Substandard - - - - - - - - Total consumer - other $ 323 $ 765 $ 330 $ 109 $ 11 $ 16,089 $ 2,091 $ 19,718 Other Pass $ 1,620 $ - $ 292 $ - $ - $ 1,325 $ - $ 3,237 OAEM - - - - - - - - Substandard - - - - - - - - Total other $ 1,620 $ - $ 292 $ - $ - $ 1,325 $ - $ 3,237 Total loans Pass $ 188,858 $ 274,769 $ 203,777 $ 88,967 $ 45,624 $ 194,204 $ 79,559 $ 1,075,758 OAEM - - - - 881 2,985 - 3,866 Substandard - - - 350 46 232 - 628 Total loans $ 188,858 $ 274,769 $ 203,777 $ 89,317 $ 46,551 $ 197,421 $ 79,559 $ 1,080,252 The following table details the current period gross charge-offs of loans by year of origination as of December 31, 2023: December 31, 2023 Current Period Charge-offs by Origination Year (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial and industrial $ - $ 436 $ 18 $ 21 $ - $ 17 $ - $ 492 Consumer - automobile 54 987 318 110 18 64 - 1,551 Consumer - other 5 - 5 - 3 49 - 62 Other (1) 277 21 - - - - - 298 Total $ 336 $ 1,444 $ 341 $ 131 $ 21 $ 130 $ - $ 2,403 (1) Gross charge-offs of other loans for the year ended December 31, 2023 As of December 31, 2023, the Company had no collateral dependent loans for which repayment was expected to be derived substantially through the operation or sale of the collateral and where the borrower is experiencing financial difficulty. Prior to the adoption of ASC 326 The following table shows the aging of the Company’s loan portfolio, by class, as of December 31, 2022. Age Analysis of Past Due Loans as of December 31, 2022 (dollars in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due and still Nonaccrual (2) Total Current Loans (1) Total Mortgage loans on real estate: Residential 1-4 family $ 290 $ - $ 525 $ 154 $ 168,279 $ 169,248 Commercial - owner occupied 20 - - - 184,566 184,586 Commercial - non-owner occupied 206 - - - 245,071 245,277 Multifamily - - - - 26,675 26,675 Construction and land development - - - 945 76,999 77,944 Second mortgages 19 - - - 8,809 8,828 Equity lines of credit 56 288 - - 53,996 54,340 Total mortgage loans on real estate $ 591 $ 288 $ 525 $ 1,099 $ 764,395 $ 766,898 Commercial and industrial loans 221 284 23 144 71,906 72,578 Consumer automobile loans 1,538 221 212 - 161,047 163,018 Other consumer loans 445 372 80 - 21,354 22,251 Other 47 - - - 2,293 2,340 Total $ 2,842 $ 1,165 $ 840 $ 1,243 $ 1,020,995 $ 1,027,085 (1) For purposes of this table, Total Current Loans includes loans that are 1 - 29 days past due. (2) For purposes of this table, if a loan is past due and on nonaccrual, it is included in the nonaccrual column and not also in its respective past due column. As of December 31, 2022, the Company measured the amount of impairment by evaluating loans either in their collective homogenous pools or individually. The following table includes the recorded investment and unpaid principal balances (a portion of which may have been charged off) for impaired loans with the associated allowance amount, if applicable. Also presented are the average recorded investments in the impaired loans and the related amount of interest recognized for the period presented. The average balances are calculated based on daily average balances. Impaired Loans by Class For the Year Ended As of December 31, 2022 December 31, 2022 (dollars in thousands) Unpaid Principal Balance Without Valuation Allowance With Valuation Allowance Associated Allowance Average Recorded Interest Income Recognized Mortgage loans on real estate: Residential 1-4 family $ 285 $ 44 $ 235 $ 21 $ 282 $ 7 Commercial 430 55 358 3 420 - Construction 1,321 829 191 6 1,208 3 Total mortgage loans on real estate 2,036 928 784 30 1,910 10 Commercial and industrial loans 144 144 - - 144 5 Total $ 2,180 $ 1,072 $ 784 $ 30 $ 2,054 $ 15 The following tables present credit quality exposures by internally assigned risk ratings as of December 31, 2022: Credit Quality Information As of December 31, 2023 (dollars in thousands) Pass OAEM Substandard Total Mortgage loans on real estate: Residential 1-4 family $ 188,025 $ - $ 492 $ 188,517 Commercial - owner occupied 153,314 3,062 90 156,466 Commercial - non-owner occupied 284,446 804 - 285,250 Multifamily 29,207 - - 29,207 Construction and land development 107,179 - - 107,179 Second mortgages 10,148 - - 10,148 Equity lines of credit 55,935 - 46 55,981 Total mortgage loans on real estate $ 828,254 $ 3,866 $ 628 $ 832,748 Commercial and industrial loans 64,112 - - 64,112 Consumer automobile loans 160,437 - - 160,437 Other consumer loans 19,718 - - 19,718 Other 3,237 - - 3,237 Total $ 1,075,758 $ 3,866 $ 628 $ 1,080,252 The following tables presents the activity in the ACLL by portfolio segment for the year ended December 31, 2022. For the Year ended December 31, 2022 (dollars in thousands) Commercial and Industrial Real Estate Construction Real Estate - Mortgage (1) Real Estate- Commercial Consumer (2) Other Unallocated Total Allowance for loan losses: Balance, beginning $ 683 $ 459 $ 2,390 $ 4,787 $ 1,362 $ 184 $ - $ 9,865 Charge-offs (297 ) - (25 ) - (1,368 ) (332 ) - (2,022 ) Recoveries 134 - 61 22 648 112 - 977 Provision for loan losses 153 93 149 (310 ) 1,423 192 6 1,706 Ending Balance $ 673 $ 552 $ 2,575 $ 4,499 $ 2,065 $ 156 $ 6 $ 10,526 Individually evaluated for impairment $ - $ 6 $ 21 $ 3 $ - $ - $ - $ 30 Collectively evaluated for impairment 673 546 2,554 4,496 2,065 156 6 10,496 Ending Balance $ 673 $ 552 $ 2,575 $ 4,499 $ 2,065 $ 156 $ 6 $ 10,526 (1) The real estate-mortgage segment includes residential 1 – 4 family, multi-family, second mortgages and equity lines of credit. (2) The consumer segment includes consumer automobile loans.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Premises and Equipment [Abstract]
Premises and Equipment	Note 4. Premises and Equipment Premises and equipment consisted of the following: Years Ended December 31, (dollars in thousands) 2023 2022 Land $ 7,062 $ 7,062 Buildings 34,297 34,187 Construction in process 281 335 Leashold improvements 1,151 1,130 Furniture, fixtures and equipment 23,842 22,867 66,633 65,581 Less accumulated depreciation and amortization 36,720 34,573 Balance at end of year $ 29,913 $ 31,008 Depreciation expense was $2.1 million for each of the years ended December 31, 2023 and 2022.

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Note 5. Leases 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 right-of-use asset and lease liability are included in “Other Assets” and “Other Liabilities,” respectively, in the Consolidated Balance Sheets. There were no new leases executed during the year ended December 31, 2023. The following tables present information about the Company’s leases: (dollars in thousands) December 31, 2023 Lease liabilities $ 1,248 Right-of-use assets $ 1,148 Weighted average remaining lease term 3.37 years Weighted average discount rate 3.06 % Years Ended December 31, (dollars in thousands) 2023 2022 Operating lease cost $ 439 $ 349 Total lease cost $ 439 $ 349 Cash paid for amounts included in the measurement of lease liabilities $ 417 $ 351 A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: As of (dollars in thousands) December 31, 2023 Twelve months ending December 31, 2024 $ 423 Twelve months ending December 31, 2025 382 Twelve months ending December 31, 2026 278 Twelve months ending December 31, 2027 208 Thereafter 24 Total undiscounted cash flows $ 1,315 Discount (67 ) Lease liabilities $ 1,248 The aggregate rental expense of premises and equipment was $446 thousand and $415 thousand for years ended December 31, 2023 and 2022, respectively.

Low-Income Housing Tax Credits

Low-Income Housing Tax Credits	12 Months Ended
	Dec. 31, 2023
Low-Income Housing Tax Credits [Abstract]
Low-Income Housing Tax Credits	Note 6. Low-Income Housing Tax Credits The Company was invested in four separate housing equity funds at both December 31, 2023 and December 31, 2022. The general purpose of these funds is to encourage and assist participants in investing in low-income residential rental properties located in the Commonwealth of Virginia, develop and implement strategies to maintain projects as low-income housing, deliver Federal Low Income Housing Credits to investors, allocate tax losses and other possible tax benefits to investors, and preserve and protect project assets. The investments in these funds were recorded as other assets on the consolidated balance sheets and were $1.1 million and $1.4 million at December 31, 2023 and December 31, 2022, respectively. The expected terms of these investments and the related tax benefits run through 2033. There were no additional committed capital calls as of December 31, 2023 or 2022. During the years ended December 31, 2023 and 2022, the Company recognized amortization expense of $367 thousand and $425 thousand, respectively, which was included within noninterest expense on the Consolidated Statements of Income. The table below summarizes the tax credits and other tax benefits recognized by the Company related to these investments, as of the periods indicated: Years Ended December 31, (dollars in thousands) 2023 2022 Tax credits and other benefits Amortization of operating losses $ 367 $ 425 Tax benefit of operating loss es* 77 89 Tax credits 309 349 Total tax benefits $ 386 $ 438

Deposits

Deposits	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Deposits	Note 7. Deposits The aggregate amount of time deposits in denominations of $250 thousand or more at December 31, 2023 and 2022 was $75.9 million and $47.3 million, respectively. As of December 31, 2023, no single customer relationship exceeded 5 percent of total deposits. At December 31, 2023, the scheduled maturities of time deposits are as follows: (dollars in thousands) 2024 $ 200,113 2025 23,567 2026 8,088 2027 8,851 2028 2,092 Balance at end of year $ 242,711

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2023
Borrowings [Abstract]
Borrowings	Note 8. Borrowings Short-Term Borrowings The Company classifies all borrowings that will mature within a year from the date on which the Company enters into them as short-term borrowings. Short-term borrowings sources consist of federal funds purchased, overnight repurchase agreements (which are secured transactions with customers that generally mature within one The Company maintains federal funds lines with several correspondent banks to address short-term borrowing needs. At December 31, 2023 and 2022, the remaining credit available from these lines totaled $90.0 million and $103.6 million, respectively. The Company has a collateral dependent line of credit with the FHLB with remaining credit availability of $362.1 million and $346.5 million as of December 31, 2023 and December 31, 2022, respectively. The following table presents total short-term borrowings as of the dates indicated: (dollars in thousands) December 31, 2023 December 31, 2022 Federal funds purchased $ - $ 11,378 Overnight repurchase agreements 2,383 4,987 Federal Home Loan Bank advances 9,450 46,100 Total short-term borrowings $ 11,833 $ 62,465 Maximum month-end outstanding balance (year-to-date) $ 84,360 $ 62,465 Average outstanding balance during the period $ 53,466 $ 11,776 Average interest rate (year-to-date) 4.90 % 2.34 % Average interest rate at end of period 5.65 % 4.58 % Long-Term Borrowings The Company had long-term FHLB advances totaling $60.0 million outstanding at December 31, 2023 with scheduled maturities through November 29, 2028 and rates ranging from 3.37% to 4.28%. The Company did not have any long-term FHLB advances at December 31, 2022. On July 14, 2021, the Company completed a $30.0 million issuance, ($29.4 million, net of issuance costs) of subordinated notes (the Notes) in a private placement transaction. The Notes are due in 2031

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2023
Share-Based Compensation [Abstract]
Share-Based Compensation	Note 9. Share-Based Compensation Employee Stock Purchase Plan The Company has adopted an ESPP and offers share-based compensation through its equity compensation plan. Share-based compensation arrangements may include stock options, restricted and unrestricted stock awards, restricted stock units, performance units and stock appreciation rights. Accounting standards require all share-based payments to employees and non-employee directors to be valued using a fair value method on the date of grant and to be expensed based on that fair value over the applicable vesting period. The Company accounts for forfeitures during the vesting period as they occur. Under the Company’s ESPP, substantially all employees of the Company and its subsidiaries can authorize a specific payroll deduction from their base compensation for the periodic purchase of the Company’s common stock. Shares of stock are issued quarterly at a discount to the market price of the Company’s stock on the day of purchase, which can range from 0-15% and for 2023 and 2022 was set at 5%. Total stock purchases under the ESPP amounted to 7,425 shares during 2023 and 5,765 shares during 2022. At December 31, 2023, the Company had 214,353 remaining shares reserved for issuance under the ESPP. Incentive Stock Plan The Incentive Stock Plan permits the issuance of up to 300,000 shares of common stock for awards to key employees and non-employee directors of the Company and its subsidiaries in the form of stock options, restricted stock, restricted stock units, stock appreciation rights, stock awards and performance units. As of December 31, 2023, only restricted stock had been granted under the Incentive Stock Plan. Restricted stock activity for the year ended December 31, 2023 is summarized below. Weighted Average Grant Date Shares Fair Value Nonvested, January 1, 2023 46,989 $ 22.49 Issued 35,763 17.21 Vested (26,916 ) 20.14 Forfeited (2,176 ) 18.25 Nonvested, December 31, 2023 53,660 $ 20.32 The weighted average period over which nonvested awards are expected to be recognized in compensation expense is 1.43 years. The fair value of restricted stock granted during the year ended December 31, 2023 and 2022 was $615 thousand and $558 thousand, respectively. The remaining unrecognized compensation expense for nonvested restricted stock shares totaled $523 thousand as of December 31, 2023 and $493 thousand as of December 31, 2022. Stock-based compensation expense was $546 thousand and $416 thousand for the years ended December 31, 2023 and 2022, respectively.

Stockholders' Equity and Earnin

Stockholders' Equity and Earnings per Common Share	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity and Earnings Per Common Share [Abstract]
Stockholders' Equity and Earnings Per Common Share	Note 10. Stockholders’ Equity and Earnings per Common Share S tockholders’ Equity - Accumulated Other Comprehensive Loss The following table presents amounts reclassified out of accumulated other comprehensive loss, by category, during the periods indicated: Years Ended (dollars in thousands) December 31, Affected Line Item on Consolidated Statement of Income 2023 2022 Sale of securities Realized loss on sale of securities $ (134 ) $ (1,870 ) Loss on sale of securities, net Tax effect (28 ) (393 ) Income tax benefit $ (106 ) $ (1,477 ) The following table presents the changes in accumulated other comprehensive loss, by category, net of tax, for the periods indicated: (dollars in thousands) Unrealized Gains (Losses) on Available-for-Sale Securities Accumulated Other Comprehensive (Loss) Income Year Ended December 31, 2023 Balance at beginning of period $ (20,767 ) $ (20,767 ) Net other comprehensive income 3,237 3,237 Balance at end of period $ (17,530 ) $ (17,530 ) Year Ended December 31, 2022 Balance at beginning of period $ 1,675 $ 1,675 Net other comprehensive loss (22,442 ) (22,442 ) Balance at end of period $ (20,767 ) $ (20,767 ) The following table presents the change in each component of accumulated other comprehensive income (loss), on a pre-tax and after-tax basis for the periods indicated. Year Ended December 31, 2023 (dollars in thousands) Pretax Tax Net-of-Tax Unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 3,964 $ (833 ) $ 3,131 Reclassification adjustment for net losses recognized in income 134 (28 ) 106 4,098 (861 ) 3,237 Total change in accumulated other comprehensive income, net $ 4,098 $ (861 ) $ 3,237 Year Ended December 31, 2022 (dollars in thousands) Pretax Tax Net-of-Tax Unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (30,382 ) $ 6,463 $ (23,919 ) Reclassification adjustment for losses recognized in income 1,870 (393 ) 1,477 (28,512 ) 6,070 (22,442 ) Total change in accumulated other comprehensive loss, net $ (28,512 ) $ 6,070 $ (22,442 ) E arnings Per Common Share Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of potentially dilutive common shares attributable to the ESPP. The Company had no antidilutive shares outstanding in 2023 or 2022. Non-vested restricted common shares, which carry all rights and privileges of a common share with respect to the stock, including the right to vote, were included in the basic and diluted per common share calculations.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 11. Related Party Transactions In the ordinary course of business, the Company has granted loans to principal stockholders, executive officers and directors and their affiliates. These loans were made on substantially the same terms and conditions, including interest rates, collateral and repayment terms, as those prevailing at the same time for comparable transactions with unrelated persons, and, in the opinion of management and the Company’s board of directors, do not involve more than normal risk or present other unfavorable features. None of the principal stockholders, executive officers or directors had direct or indirect loans exceeding 10 percent of stockholders’ equity at December 31, 2023. Annual activity consisted of the following: (dollars in thousands) 2023 2022 Balance, beginning of year $ 2,724 $ 1,889 Additions 198 1,092 Reductions (755 ) (257 ) Balance, end of year $ 2,167 $ 2,724 Deposits from related parties held by the Company at December 31, 2023 and 2022 amounted to $11.7 million and $24.5 million, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Taxes [Abstract]
Income Taxes	Note 12. Income Taxes The components of income tax expense for the current and prior year-ends are as follows: (dollars in thousands) 2023 2022 Current income tax expense $ 1,422 $ 1,525 Deferred income tax benefit (88 ) (51 ) Reported income tax expense $ 1,334 $ 1,474 A reconciliation of the expected federal income tax expense on income before income taxes with the reported income tax expense for the same periods follows: Years Ended December 31, (dollars in thousands) 2023 2022 Federal statutory rate times financial statement income $ 1,903 $ 2,222 Low-income housing tax credits (309 ) (349 ) Tax-exempt interest income, net (70 ) (220 ) Bank-owned life insurance (218 ) (191 ) Other, net 28 12 Reported income tax expense $ 1,334 $ 1,474 The effective tax rates for 2023 and 2022 were 14.7% and 13.9%, respectively. The components of the net deferred tax asset, included in other assets, are as follows: (dollars in thousands) 2023 2022 Deferred tax assets: Allowance for credit losses $ 2,563 $ 2,211 Nonaccrual loans 56 9 Net operating losses 540 574 Investments in pass-through entities 355 320 Unrealized losses on securities available-for-sale 4,660 5,520 Stock awards 140 117 Other accrued compensation 272 498 Deferred loan fees and costs 258 217 Lease liability 262 343 Other 49 11 $ 9,155 $ 9,820 Deferred tax liabilities: Premises and equipment $ 606 $ 606 Acquisition accounting 39 49 Right of use asset 241 332 886 987 Net deferred tax assets $ 8,269 $ 8,833 The Company files income tax returns in the U.S. federal jurisdiction and the Commonwealth of Virginia. With few exceptions, the Company is no longer subject to U.S. federal, state, and local income tax examinations by tax authorities for years prior to 2020.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 13. Commitments and Contingencies Credit-Related Financial Instruments The Company is a party to credit-related financial instruments with off-balance-sheet risk in the normal course of business in order to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit and commercial letters of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making such commitments as it does for on-balance-sheet instruments. Financial instruments whose contract amounts represent credit risk were outstanding as of December 31, 2023 and December 31, 2022 were as follows: December 31, December 31, (dollars in thousands) 2023 2022 Commitments to extend credit: Home equity lines of credit $ 91,885 $ 87,722 Commercial real estate, construction and development loans committed but not funded 74,218 67,107 Other lines of credit (principally commercial) 47,622 51,742 Total $ 213,725 $ 206,571 Letters of credit $ 802 $ 904 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit-worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company, upon extensions of credit is based on management’s credit evaluation of the customer. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment and income-producing commercial properties. Unfunded commitments under commercial lines of credit, revolving credit lines, and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit are not collateralized and usually do not contain a specified maturity date, and ultimately may or may not be drawn upon to the total extent to which the Company is committed. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. Essentially all letters of credit issued have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company holds various collateral supporting those commitments for which collateral is deemed necessary. Legal Contingencies Various legal claims arise from time to time in the normal course of business, which, in the opinion of management, will not have a material effect on the Company’s Consolidated Financial Statements.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 14. Fair Value Measurements Determination of Fair Value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the “Fair Value Measurements and Disclosures” topics of FASB ASU No. 2010-06, FASB ASU No. 2011-04, and FASB ASU No. 2016-01, the fair value of a financial instrument is the price that would be received in the sale of an asset or transfer of a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no 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 estimate of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in the principal or most advantageous market for the asset or liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value can be a reasonable point within a range that is most representative of fair value under current market conditions. In estimating the fair value of assets and liabilities, the Company relies mainly on two models. The first model, used by the Company’s bond accounting service provider, determines the fair value of securities. Securities are priced based on an evaluation of observable market data, including benchmark yield curves, reported trades, broker/dealer quotes, and issuer spreads. Pricing is also impacted by credit information about the issuer, perceived market movements, and current news events impacting the individual sectors. The second source is a third-party vendor the Company utilizes to provide fair value exit pricing for loans and interest-bearing deposits in accordance with guidance. In accordance with ASC 820, “Fair Value Measurements and Disclosures,” the Company groups its financial assets and financial liabilities generally measured at fair value into three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 assets and liabilities generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 – Valuation is based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. An instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Assets Measured at Fair Value on a Recurring Basis Debt securities with readily determinable fair values that are classified as “available-for-sale” are recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss). Securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, when available (Level 1). If quoted market prices are not available, fair values are measured utilizing independent valuation techniques of identical or similar securities for which significant assumptions are derived primarily from or corroborated by observable market data. Third party vendors compile prices from various sources and may determine the fair value of identical or similar securities by using pricing models that consider observable market data (Level 2). 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. Currently, all the Company’s available-for-sale securities are considered to be Level 2 securities. The Company recognizes IRLCs at fair value. Fair value of IRLCs is based on either (i) the price of the underlying loans obtained from an investor for loans that will be delivered on a best-efforts basis or (ii) the observable price for individual loans traded in the secondary market for loans that will be delivered on a mandatory basis. All the Company’s IRLCs are classified as Level 2. The Company recognizes interest rate swaps on loans at fair value. The Company has contracted with a third-party vendor to provide valuations for these interest rate swaps using standard valuation techniques. All the Company’s interest rate swaps on loans are classified as Level 2. The following tables present the balances of certain assets measured at fair value on a recurring basis as of the dates indicated: Fair Value Measurements at December 31, 2023 Using (dollars in thousands) Balance Level 1 Level 2 Level 3 Assets: Available-for-sale securities U.S. Treasury securities $ 3,857 $ - $ 3,857 $ - Obligations of U.S. Government agencies 42,735 - 42,735 - Obligations of state and political subdivisions 50,597 - 50,597 - Mortgage-backed securities 81,307 - 81,307 - Money market investments 2,047 - 2,047 - Corporate bonds and other securities 23,735 - 23,735 - Total available-for-sale securities 204,278 - 204,278 - Derivatives Interest rate lock 10 - 10 - Interest rate swap on loans 1,249 - 1,249 - Total assets $ 205,537 $ - $ 205,537 $ - Liabilities: Derivatives Interest rate swap on loans 1,249 - 1,249 - Total liabilities $ 1,249 $ - $ 1,249 $ - Fair Value Measurements at December 31, 2022 Using (dollars in thousands) Balance Level 1 Level 2 Level 3 Available-for-sale securities U.S. Treasury securities $ 7,671 $ - $ 7,671 $ - Obligations of U.S. Government agencies 42,399 - 42,399 - Obligations of state and political subdivisions 59,384 - 59,384 - Mortgage-backed securities 88,913 - 88,913 - Money market investments 1,816 - 1,816 - Corporate bonds and other securities 25,335 - 25,335 - Total available-for-sale securities $ 225,518 $ - $ 225,518 $ - Derivatives Interest rate lock 23 - 23 - Interest rate swap on loans 1,447 - 1,447 - Total assets $ 226,988 $ - $ 226,988 $ - Liabilities: Derivatives Interest rate swap on loans 1,447 - 1,447 - Total liabilities $ 1,447 $ - $ 1,447 $ - Assets Measured at Fair Value on a Nonrecurring Basis Under certain circumstances, adjustments are made to the fair value for assets and liabilities although they are not measured at fair value on an ongoing basis. Impaired loans Prior to the adoption of ASC 326, a loan was considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. The measurement of fair value and loss associated with impaired loans can be based on the observable market price of the loan, the fair value of the collateral securing the loan, or the present value of the loan’s expected future cash flows, discounted at the loan’s effective interest rate rather than at a market rate. Collateral may be in the form of real estate or business assets including equipment, inventory, and accounts receivable, with the vast majority of the collateral in real estate. The value of real estate collateral is determined utilizing an income, market, or cost valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Company. In the case of loans with lower balances, the Company may obtain a real estate evaluation instead of an appraisal. Evaluations utilize many of the same techniques as appraisals and are typically performed by independent appraisers. Once received, appraisals and evaluations are reviewed by trained staff independent of the lending function to verify consistency and reasonability. Appraisals and evaluations are based on significant unobservable inputs, including but not limited to: adjustments made to comparable properties, judgments about the condition of the subject property, the availability and suitability of comparable properties, capitalization rates, projected income of the subject or comparable properties, vacancy rates, projected depreciation rates, and the state of the local and regional economy. The Company may also elect to make additional reductions in the collateral value based on management’s best judgment, which represents another source of unobservable inputs. Because of the subjective nature of collateral valuation, impaired loans are considered Level 3. Impaired loans may be secured by collateral other than real estate. The value of business equipment is based upon an outside appraisal if deemed significant, or the net book value on the applicable business’ financial statements if not considered significant using observable market data. Likewise, values for inventory and accounts receivable collateral are based on financial statement balances or aging reports (Level 3). If a loan is not collateral-dependent, its impairment may be measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate. Because the loan is discounted at its effective rate of interest, rather than at a market rate, the loan is not considered to be held at fair value and is not included in the tables below. Collateral-dependent impaired loans allocated to the allowance for loan losses are measured at fair value on a nonrecurring basis. Any fair value adjustments are recorded in the period incurred as part of the provision for loan losses on the Consolidated Statements of Income. As of December 31, 2023, there were no collateral dependent loans measured at fair value. Other Real Estate Owned (OREO) Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated costs to sell at the date of foreclosure. Initial fair value is based upon appraisals the Company obtains from independent licensed appraisers. Subsequent to foreclosure, management periodically performs valuations of the foreclosed assets based on updated appraisals, general market conditions, recent sales of similar properties, length of time the properties have been held, and the ability and intent with regard to continued ownership of the properties. The Company may incur additional write-downs of foreclosed assets to fair value less estimated costs to sell if valuations indicate a further deterioration in market conditions. As such, the Company records OREO as a nonrecurring fair value measurement classified as Level 3. As of December 31, 2023 and December 31, 2022, there was no OREO that was measured at fair value. Loans Held for Sale Loans held for sale are carried at the lower of cost or fair value. These loans currently consist of residential loans originated for sale in the secondary market. Fair value is based on the price secondary markets are currently offering for similar loans using observable market data which is not materially different than cost due to the short duration between origination and sale (Level 2). Gains and losses on the sale of loans are reported on a separate line item on the Company’s Consolidated Statements of Income. The following tables present the assets carried on the Consolidated Balance Sheets for which a nonrecurring change in fair value has been recorded. Assets are shown by class of loan and by level in the fair value hierarchy, as of the dates indicated. Certain impaired loans are valued by the present value of the loan’s expected future cash flows, discounted at the loan’s effective interest rate rather than at a market rate. These loans are not carried on the Consolidated Balance Sheets at fair value and, as such, are not included in the tables below. Carrying Value at December 31, 2023 (dollars in thousands) Fair Value Level 1 Level 3 Loans Loans held for sale $ 470 $ - $ 470 $ - Carrying Value at December 31, 2022 (dollars in thousands) Fair Value Level 1 Level 3 Impaired loans Mortgage loans on real estate: Construction $ 110 $ - $ - $ 110 Total $ 110 $ - $ - $ 110 Loans Loans held for sale $ 421 $ - $ 421 $ - The following tables display quantitative information about Level 3 Fair Value Measurements as of December 31, 2022: Quantitative Information About Level 3 Fair Value Measurements (dollars in thousands) Fair Value at December 31, 2022 Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans Construction $ 110 Market comparables Selling costs 3.00% - 8.00% (7.25 %) FASB ASC 825, “Financial Instruments,” requires disclosure about fair value of financial instruments and excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company’s assets. The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of December 31, 2023 and December 31, 2022. For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between origination of the instrument and its expected realization. For non-marketable equity securities such as FHLB and FRB stock, the carrying amount is a reasonable estimate of fair value as these securities can only be redeemed or sold at their par value and only to the respective issuing government-supported institution or to another member institution. For financial liabilities such as noninterest-bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity. Fair values for December 31, 2023 and 2022 are estimated under the exit price notion in accordance with ASU No. 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” The estimated fair values, and related carrying or notional amounts, of the Company’s financial instruments as of the dates indicated are as follows: Fair Value Measurements at December 31, 2023 Using (dollars in thousands) Carrying Value Level 1 Level 3 Assets Cash and cash equivalents $ 78,759 $ 78,759 $ - $ - Securities available-for-sale 204,278 - 204,278 - Restricted securities 5,176 - 5,176 - Loans held for sale 470 - 470 - Loans, net 1,068,046 - - 1,025,622 Derivatives Interest rate lock 10 - 10 - Interest rate swap on loans 1,249 - 1,249 - Bank owned life insurance 35,088 - 35,088 - Accrued interest receivable 4,921 - 4,921 - Liabilities Deposits $ 1,230,397 $ - $ 1,228,477 $ - Overnight repurchase agreements 2,383 - 2,383 - Federal Home Loan Bank advances 69,450 - 69,450 - Long term borrowings 29,668 - 25,561 - Derivatives Interest rate swap on loans 1,249 - 1,249 - Accrued interest payable 1,972 - 1,972 - Fair Value Measurements at December 31, 2022 Using (dollars in thousands) Carrying Value Level 1 Level 3 Assets Cash and cash equivalents $ 19,250 $ 19,250 $ - $ - Securities available-for-sale 225,518 - 225,518 - Restricted securities 3,434 - 3,434 - Loans held for sale 421 - 421 - Loans, net 1,016,559 - - 996,807 Derivatives Interest rate lock 23 - 23 - Interest rate swap on loans 1,447 - 1,447 - Bank owned life insurance 34,049 - 34,049 - Accrued interest receivable 4,253 - 4,253 - Liabilities Deposits $ 1,156,019 $ - $ 1,156,547 $ - Federal funds purchased 11,378 - 11,378 - Overnight repurchase agreements 4,987 - 4,987 - Federal Reserve Bank borrowings 46,100 - 46,100 - Long term borrowings 29,538 - 25,539 - Derivatives Interest rate swap on loans 1,447 - 1,447 - Accrued interest payable 834 - 834 -

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2023
Regulatory Matters [Abstract]
Regulatory Matters	Note 15. Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can cause certain mandatory and possibly additional discretionary actions to be initiated by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Federal banking regulations also impose regulatory capital requirements on bank holding companies. Under the small bank holding company policy statement of the FRB, which applies to certain bank holding companies with consolidated total assets of less than $3 billion, the Company is not subject to regulatory capital requirements. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total, Tier 1, and common equity tier 1 capital to risk-weighted assets and of Tier 1 capital to average assets. The terms Tier 1 and common equity tier 1 capital, risk-weighted assets, and average assets, as used in this note, are as defined in the applicable regulations. Management believes, as of December 31, 2023 and 2022, that the Company and the Bank meet all capital adequacy requirements to which they are subject. As of December 31, 2023, the most recent notification from the Comptroller categorized the Bank as well-capitalized under the regulatory framework for prompt corrective action. To be categorized as well-capitalized, an institution must maintain minimum total risk-based, Tier 1 risk-based, common equity tier 1 risk-based and Tier 1 leverage ratios as set forth in the following tables. There are no conditions or events since the notification that management believes have changed the Bank’s category. The Bank’s actual capital amounts and ratios as of December 31, 2023 and 2022 are presented in the table below. 2023 2022 Regulatory Regulatory (dollars in thousands) Minimums December 31, 2023 Minimums December 31, 2022 Common Equity Tier 1 Capital to Risk-Weighted Assets 4.500 % 11.45 % 4.500 % 10.80 % Tier 1 Capital to Risk-Weighted Assets 6.000 % 11.45 % 6.000 % 10.80 % Total Capital to Risk-Weighted Assets 8.000 % 12.46 % 8.000 % 11.70 % Tier 1 Leverage to Average Assets 4.000 % 9.46 % 4.000 % 9.43 % Risk-Weighted Assets $ 1,222,320 $ 1,177,600 The Basel III Capital Rules established a “capital conservation buffer” of 2.5 percent above the regulatory minimum risk-based capital ratios, which is not included in the table above. Including the capital conservation buffer, the minimum ratios are a Common Equity Tier 1 capital risk-based ratio of 7.0 percent, a Tier 1 capital risk-based ratio of 8.5 percent, and a Total capital risk-based ratio of 10.5 percent. The Bank exceeded these ratios as of December 31, 2023 and December 31, 2022.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segment Reporting	Note 16. Segment Reporting The Company operates in a decentralized fashion in three principal business segments: the Bank, Wealth, and the Company (for purposes of this Note, the Parent). Revenues from the Bank’s operations consist primarily of interest earned on loans and investment securities and service charges on deposit accounts. Wealth’s operating revenues consist principally of income from fiduciary and asset management fees. The Parent’s revenues are mainly interest and dividends received from the Bank and Wealth. The Company has no other segments. The Company’s reportable segments are strategic business units that offer different products and services. They are managed separately because each segment appeals to different markets and, accordingly, requires different technologies and marketing strategies. Information about reportable segments, and reconciliation of such information to the Consolidated Financial Statements as of and for the years ended December 31 2023 and 2022 follows: Year Ended December 31, 2023 (dollars in thousands) Bank Wealth Parent Eliminations Consolidated Revenues Interest and dividend income $ 66,484 $ 142 $ 9,462 $ (9,462 ) $ 66,626 Income from fiduciary activities - 4,632 - - 4,632 Other income 8,390 913 200 (262 ) 9,241 Total operating income 74,874 5,687 9,662 (9,724 ) 80,499 Expenses Interest expense 17,246 - 1,181 - 18,427 Provision for credit losses 2,601 - - - 2,601 Salaries and employee benefits 25,526 4,138 765 - 30,429 Other expenses 18,447 1,344 449 (262 ) 19,978 Total operating expenses 63,820 5,482 2,395 (262 ) 71,435 Income (loss) before taxes 11,054 205 7,267 (9,462 ) 9,064 Income tax expense (benefit) 1,754 43 (463 ) - 1,334 Net income $ 9,300 $ 162 $ 7,730 $ (9,462 ) $ 7,730 Capital expenditures $ 1,053 $ - $ - $ - $ 1,053 Total assets $ 1,437,603 $ 7,235 $ 137,004 $ (135,460 ) $ 1,446,382 Year Ended December 31, 2022 (dollars in thousands) Bank Wealth Parent Eliminations Consolidated Revenues Interest and dividend income $ 47,963 $ 80 $ 10,873 $ (10,873 ) $ 48,043 Income from fiduciary activities - 4,097 - - 4,097 Other income 8,307 1,162 200 (261 ) 9,408 Total operating income 56,270 5,339 11,073 (11,134 ) 61,548 Expenses Interest expense 2,424 - 1,181 - 3,605 Provision for credit losses 1,706 - - - 1,706 Salaries and employee benefits 22,751 3,613 691 - 27,055 Other expenses 17,135 1,164 562 (261 ) 18,600 Total operating expenses 44,016 4,777 2,434 (261 ) 50,966 Income before taxes 12,254 562 8,639 (10,873 ) 10,582 Income tax expense (benefit) 1,822 121 (469 ) - 1,474 Net income $ 10,432 $ 441 $ 9,108 $ (10,873 ) $ 9,108 Capital expenditures $ 1,341 $ 13 $ - $ - $ 1,354 Total assets $ 1,347,151 $ 7,048 $ 128,849 $ (127,713 ) $ 1,355,335 The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on profit or loss from operations before income taxes not including nonrecurring gains or losses. Both the Parent and Wealth maintain deposit accounts with the Bank, on terms substantially similar to those available to other customers. These transactions are eliminated to reach consolidated totals. The Company operates in one geographical area and does not have a single external customer from which it derives 10 percent or more of its revenues.

Condensed Financial Statements

Condensed Financial Statements of Parent Company	12 Months Ended
	Dec. 31, 2023
Condensed Financial Statements of Parent Company [Abstract]
Condensed Financial Statements of Parent Company	Note 17. Condensed Financial Statements of Parent Company Financial information pertaining to Old Point Financial Corporation (parent company only) is as follows: Balance Sheets December 31, (dollars in thousands) 2023 2022 Assets Cash and cash equivalents $ 3,977 $ 12,255 Investment in common stock of subsidiaries 131,219 115,303 Other assets 1,808 1,291 Total assets $ 137,004 $ 128,849 Liabilities and Stockholders’ Equity Other borrowings $ 29,668 $ 29,538 Other liability 558 577 Common stock 24,932 24,761 Additional paid-in capital 17,099 16,593 Retained earnings 82,277 78,147 Accumulated other comprehensive loss (17,530 ) (20,767 ) Total liabilities and stockholders’ equity $ 137,004 $ 128,849 Statements of Income Years Ended December 31, (dollars in thousands) 2023 2022 Income: Dividends from subsidiary $ 3,000 $ 3,250 Other income 200 200 Total income 3,200 3,450 Expenses: Salary and benefits 765 691 Subordinated debt 1,181 1,181 Legal expenses 174 298 Service fees 146 142 Other operating expenses 129 122 Total expenses 2,395 2,434 Income before income taxes and equity in undistributed net income of subsidiaries 805 1,016 Income tax benefit (463 ) (469 ) 1,268 1,485 Equity in undistributed net income of subsidiaries 6,462 7,623 Net income $ 7,730 $ 9,108 Statements of Cash Flows Years Ended December 31, (dollars in thousands) 2023 2022 Cash flows from operating activities: Net income $ 7,730 $ 9,108 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiaries (6,462 ) (7,623 ) Amortization of subordinated debt issuance costs 130 131 Stock compensation expense 46 37 Increase in other assets (17 ) (104 ) Decrease in other liabilities (19 ) (140 ) Net cash provided by operating activities 1,408 1,409 Cash flows from investing activities: Cash distributed to subsidiary (7,000 ) - Net cash used in investing activities (7,000 ) - Cash flows from financing activities: Proceeds from sale of stock 131 129 Repurchase and retirement of common stock - (6,655 ) Cash dividends paid on common stock (2,817 ) (2,640 ) Net cash used in financing activities (2,686 ) (9,166 ) Net decrease in cash and cash equivalents (8,278 ) (7,757 ) Cash and cash equivalents at beginning of year 12,255 20,012 Cash and cash equivalents at end of year $ 3,977 $ 12,255

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 18. Subsequent Events On January 31, 2024, the Company announced a strategic alliance with Tidewater Home Funding, LLC based in Chesapeake, Virginia. As a part of this alliance, the Company will transition the processing of mortgage loans to Tidewater Home Funding. The Company will maintain the branding of its mortgage division as Old Point Mortgage and will continue to underwrite and service select portfolio mortgage products through its retail and private banking arms. This alliance will also allow the Company to expand its mortgage product offerings.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Description of Business and Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The financial statements are presented on a consolidated basis and include the accounts of the Company, and its wholly-owned subsidiaries, the Bank and Wealth. All significant intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	Basis of Presentation In preparing Consolidated Financial Statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses and evaluation of goodwill for impairment. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the results of operations in these financial statements, have been made.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within the Hampton Roads region. The types of securities that the Company invests in are included in “Note 2. Securities.” The types of lending that the Company engages in are included in “Note 3. Loans and Allowance for Credit Losses on Loans.” The Company has significant concentrations in the following industries: construction, lessors of real estate, activities related to real estate, hotels, motels, and religious organizations. The Company does not have any significant concentrations to any one customer. At December 31, 2023 and 2022, there were $578.1 million and $534.5 million, or 53.5% and 52.0%, respectively, of total loans concentrated in commercial real estate. Commercial real estate for purposes of this note includes all construction loans, loans secured by multifamily residential properties, loans secured by farmland and loans secured by nonfarm, nonresidential properties. Refer to “Note 3. Loans and Allowance for Credit Losses on Loans” for further detail.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, cash and cash equivalents includes cash and balances due from banks and federal funds sold, all of which mature within 90 days. The Bank is typically required to maintain cash reserve balances on hand or with the FRB. At December 31, 2023, there was no minimum reserve requirement as a result of a rule adopted by the FRB in March 2020 eliminating the reserve requirement.
Interest-Bearing Deposits in Banks	Interest-Bearing Deposits in Banks Interest-bearing deposits in banks mature within one year and are carried at cost.
Securities	Securities Certain debt securities that management has the positive intent and ability to hold until maturity are classified as held-to-maturity and recorded at amortized cost. Securities not classified as held-to-maturity, excluding equity securities with readily determinable fair values which are recorded at fair value through the income statement, are classified as available-for-sale and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in accumulated other comprehensive income (loss). Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. The Company has no trading securities. Impairment of debt securities occurs when the fair value of a security is less than its amortized cost. The Company has elected to exclude accrued interest receivable from the amortized cost basis. For debt securities available-for-sale, impairment is recognized in its entirety in net income if either (i)the Company intends to sell the security or (ii) it is more-likely-than-not that the Company will be required to sell the security before recovery of its amortized cost basis. If, however, the Company does not intend to sell the security and it is not more-likely-than-not that the Company will be required to sell the security before recovery, the Company evaluates unrealized losses to determine whether a decline in fair value below amortized cost basis is a result of a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security, or other factors such as changes in market interest rates. If a credit loss exists, an allowance for credit losses is recorded that reflects the amount of the impairment related to credit losses, limited by the amount by which the security’s amortized cost basis exceeds its fair value. Changes in the allowance for credit losses are recorded in net income in the period of change and are included in provision for credit losses. Changes in the fair value of debt securities available-for-sale not resulting from credit losses are recorded in other comprehensive loss. The Company regularly reviews unrealized losses in its investments in securities and cash flows expected to be collected from impaired securities based on criteria including the extent to which market value is below amortized cost, the financial health of and specific prospects for the issuer, the Company’s intention with regard to holding the security to maturity and the likelihood that the Company would be required to sell the security before recovery.
Restricted Securities, at Cost	Restricted Securities, at Cost The Company, as a member of the FRB and the FHLB of Atlanta is required to maintain an investment in the capital stock of both the FRB and the FHLB. The Company also has an investment in the capital stock of CBB. Based on the redemption provisions of these investments, the stocks have no quoted market value, are carried at cost, and are listed as restricted securities. The Company reviews its holdings for impairment based on the ultimate recoverability of the cost basis in the FRB, FHLB, and CBB stock.
Loans Held for Sale	Loans Held for Sale The Company records loans held for sale using the lower of cost or fair value. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Any changes in the application of lower of cost or market accounting of loans held for sale is recorded as a component of “Mortgage banking income” within the Company’s Consolidated Statements of Income.
Loans	Loans The Company extends loans to individual consumers and commercial customers for various purposes. Most of the Company’s loans are secured by real estate, including real estate construction loans, real estate commercial loans, and real estate mortgage loans (i.e., residential 1-4 family mortgages, second mortgages and equity lines of credit). Other loans are secured by collateral that is not real estate, which may include inventory, accounts receivable, equipment or other personal property. A substantial portion of the loan portfolio is represented by real estate mortgage loans throughout Hampton Roads. The ability of the Company’s debtors to honor their contracts is dependent in part upon the real estate and general economic conditions in this area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for unearned income, the ACLL and any unamortized deferred fees or costs on originated loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan.
Nonaccruals, Past Dues and Charge-offs	Nonaccruals, Past Dues and Charge-offs The accrual of interest on commercial loans (including construction loans and commercial loans secured and not secured by real estate) is generally discontinued at the time the loan is 90 days past due unless the credit is well-secured and in the process of collection. Consumer loans not secured by real estate and consumer real estate secured loans (i.e., residential 1-4 family mortgages, second mortgages and equity lines of credit) are generally placed on nonaccrual status when payments are 120 days past due. Past due status is based on the contractual terms of the loan agreement, and loans are considered past due when a payment of principal and/or interest is due but not paid. Regular payments not received within the payment cycle are considered to be 30, 60, or 90 or more days past due accordingly. In all cases, loans are placed on nonaccrual status or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual status or charged off is reversed against interest income. The interest on these loans is accounted for on the cash basis or cost recovery method, until qualifying for return to accrual status or charged off. Loans are generally returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured, or when the borrower has resumed paying the full amount of the scheduled contractual interest and principal payments for at least six months. Loans are generally fully charged off or partially charged down to the fair value of collateral securing the asset when: • Management determines the asset to be uncollectible; • Repayment is deemed to be protracted beyond reasonable time frames; • The asset has been classified as a loss by either the internal loan review process or external examiners; • The borrower has filed for bankruptcy protection and the loss becomes evident due to a lack of borrower assets; or • The loan is 120 days or more past due unless the loan is both well secured and in the process of collection.
Adoption of New Accounting Standards	Adoption of New Accounting Standards On January 1, 2023, the Company adopted ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, as amended, which replaces the incurred loss methodology with an expected loss methodology that is referred to as the CECL model, which requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. It also applies to unfunded credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842 on leases. In addition, ASC 326 modified the impairment for available-for-sale debt securities, requiring credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities management does not intend to sell or believes that it is more likely than not they will be required to sell. It also modified the measurement principles for modifications of loans to borrowers experiencing financial difficulty, including how the ACL is measured for such loans. The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance-sheet credit exposures. Results for reporting periods beginning after January 1, 2023, are presented under ASC 326, while prior period amounts continue to be reported in accordance with previously applicable GAAP. As a result of adopting ASC 326, the Company recorded a net decrease to retained earnings of $783 thousand. The Company adopted ASC 326 using the prospective transition approach for debt securities. The adoption did not affect the carrying value of debt securities or the amount of unrealized gains and losses recorded in accumulated other comprehensive loss. Upon adoption of ASC 326, the Company did not have any securities included in its portfolio where other-than-temporary impairment had previously been recognized or that required an ACL. The following table illustrates the impact of ASC 326 on the allowance for credit losses. December 31, 2022 January 1, 2023 (dollars in thousands) As Previously Reported (Incurred Loss) Impact of CECL Adoption As Reported Under CECL Assets Loans Commercial and industrial $ 673 $ (11 ) $ 662 Real estate construction 552 19 571 Real estate mortgage 2,575 87 2,662 Real estate commercial 4,499 1,048 5,547 Consumer 2,065 (365 ) 1,700 Other 162 (137 ) 25 Allowance for credit losses on loans 10,526 641 11,167 Liabilities: Allowance for credit losses on unfunded credit exposure 51 350 401 Total allowance for credit losses $ 10,577 $ 991 $ 11,568 The following accounting policies have been updated in connection with the adoption of ASC 326 and apply to periods beginning on January 1, 2023.
Loans Held for Investment	Loans Held for Investment The Company makes commercial, consumer, and mortgage loans to customers. The Company’s recorded investment in loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally is reported at the unpaid principal balances adjusted for charges-offs, unearned discounts, any deferred fees or costs on originated loans, and the ACLL. Interest on loans is accrued based on the unpaid principal balance. Loan fees and origination costs are deferred, and the net amount is amortized as a level yield adjustment over the respective term of the relat ed loans. The past due status of a loan is based on the contractual due date of the most delinquent payment due. Commercial loans are generally placed on nonaccrual status when the collection of principal or interest is 90 days or more past due, or earlier, if the full and timely collection of interest or principal becomes uncertain based on an evaluation of the net realizable value of the collateral and the financial strength of the borrower. Consumer loans are generally placed on nonaccrual status when payments are 120 days past due. Any accrued interest receivable on loans placed on nonaccrual status is reversed by an adjustment to interest income. Loans greater than 90 days past due may remain on accrual status if determined to have adequate collateral to cover the principal and interest. For those loans that are carried on nonaccrual status, payments are first applied to principal outstanding. A loan may be returned to accrual status if the borrower has demonstrated a sustained period of repayment performance in accordance with the contractual terms of the loan and there is reasonable assurance the borrower will continue to make payments as agreed. These policies are applied consistently across the loan portfolio. In the ordinary course of business, the Company enters commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the Consolidated Balance Sheets when they are funded.
Allowance for Credit Losses on Loans	Allowance for Credit Losses on Loans The provision for credit losses on loans charged to operations is an amount sufficient to bring the allowance to an estimated balance that management considers adequate to absorb expected credit losses in the Company’s loan portfolio. The ACLL 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. Amortized cost is the principal balance outstanding, net of any purchase premiums and discounts and net of any deferred loan fees and costs. The ACLL represents management’s estimate of credit losses over the remaining life of the loan portfolio. Loans are charged off against the ACLL when management believes the loan balance is no longer collectible. Subsequent recoveries of previously charged off amounts are recorded as increases to the ACLL. Management’s determination of the adequacy of the ACLL is based on an evaluation of the composition of the loan portfolio, the value and adequacy of collateral, current economic conditions, historical loan loss experience, delinquency status, reasonable and supportable forecasts, and other risk factors. The ACLL is estimated by pooling loans by call code and similar risk characteristics and applying a loan-level discounted cash flows method for all loans except for its automobile, farmland, and consumer portfolios. For automobile, farmland, and consumer portfolios, the Company has elected to pool those loans based on similar risk characteristics to determine the ACLL using the remaining life method. The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The Company utilizes a forecast period of one year and then reverts to the mean of historical loss rates on a straight-line basis over the following one-year period. The Company considers economic forecasts and recession probabilities from highly recognized third-parties to inform the model for loss estimation. For instance, the Company considers the Virginia and regional unemployment rate as an external economic variable in developing the ACLL. The quantitative ACLL estimate is sensitive to changes in the unemployment rate. Because current economic conditions and forecasts can change and future events are inherently difficult to predict, the anticipated amount of estimated credit losses on loans and therefore the appropriateness of the ACLL, could change significantly. It is difficult to estimate how potential changes in any one economic factor or input might affect the overall ACLL because changes in those factors and inputs may not occur at the same rate and may not be consistent across all loan types. Additionally, changes in factors and inputs may be directionally inconsistent, such that improvement in one factor may offset deterioration in others. Management also considers qualitative factors when estimating loan losses to take into account model limitations. Factors considered by management include changes and expected changes in general market, economic and business conditions; the nature and volume of the loan portfolio; the volume and severity of delinquencies and adversely classified loan balances and the value of underlying collateral. While management uses available information to estimate expected losses on loans, future changes in the ACLL may be necessary based on changes in portfolio composition, portfolio credit quality, and/or economic conditions. Loans that do not share risk characteristics are evaluated on an individual basis. The individual reserve component relates to loans that have shown substantial credit deterioration as measured by risk rating and/or delinquency status. In addition, the Company has elected the practical expedient that would include loans for individual assessment consideration if the repayment of the loan is expected substantially through the operation or sale of collateral because the borrower is experiencing financial difficulty. Where the source of repayment is the sale of collateral, the ACLL is based on the fair value of the underlying collateral, less selling costs, compared to the amortized cost basis of the loan. If the ACLL is based on the operation of the collateral, the reserve is calculated based on the fair value of the collateral calculated as the present value of expected cash flows from the operation of the collateral, compared to the amortized cost basis. If the Company determines that the value of a collateral dependent loan is less than the recorded investment in the loan, the Company charges off the deficiency if it is determined that such amount is deemed to be a confirmed loss. Typically, a loss is confirmed when the Company is moving towards foreclosure (or final disposition).
Reserve for Unfunded Commitments	Reserve for Unfunded Commitments The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit unless that obligation is unconditionally cancellable by the Company. The reserve for unfunded commitments is measured based on the principles utilized in estimating the allowance for credit losses on loans and an estimate of the amount of unfunded commitments expected to be advanced. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded and is included in “Other Liabilities” within the Company’s Consolidated Balance Sheets.
Accrued Interest Receivable	Accrued Interest Receivable The Company has elected to exclude accrued interest from the amortized cost basis in its determination of the ACLL, as well as elected the policy to write-off accrued interest receivable directly through the reversal of interest income. Accrued interest receivable totaled $3.5 million on loans held for investment as of December 31, 2023, and is included in “Other Assets” on the Company’s Consolidated Balance Sheet.
Allowance for Credit Losses - Available-For-Sale Securities	Allowance for Credit Losses – Available-For-Sale Securities Investments in debt securities are classified as either held to maturity, available-for-sale, or trading, based on management’s intent. Currently, all the Company’s debt securities are classified as available-for-sale. Available-for-sale debt securities are carried at estimated fair value with the corresponding unrealized gains and losses recognized in other comprehensive income (loss). Gains or losses are recognized in net income on the trade date using the amortized cost of the specific security sold. Purchase premiums are recognized in interest income using the effective interest rate method over the period from purchase to maturity or, for callable securities, the earliest call date, and purchase discounts are recognized in the same manner from purchase to maturity. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell are met, the security’s amortized cost basis is written down to fair value through income. For debt securities available-for-sale that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income (loss). Changes in the ACL are recorded as a credit loss expense or reversal. Losses are charged against the allowance when management believes the uncollectability of an available-for-sale security is confirmed or when either of the criteria regarding interest or requirement to sell is met. Accrued interest receivable on available-for-sale securities is excluded from the estimate of credit losses. Other accounting standards that have been adopted by the Company or issued by the FASB or other standards-setting bodies have not or are not currently expected to have a material effect on the Company’s financial position, results of operations or cash flows.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company (i.e., put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership); (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Other Real Estate Owned (OREO)	Other Real Estate Owned (OREO) Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance (direct write-downs) are included in gain on other real estate owned on the Consolidated Statements of Income.
Goodwill	Goodwill The Company’s goodwill was recognized in connection with a past business combination and is reported at the Bank segment. The Company reviews the carrying value of goodwill at least annually or more frequently if certain impairment indicators exist. In testing goodwill for impairment, the Company may first consider qualitative factors to determine whether the existence of events or circumstances lead to a determination that it is more likely than not that the fair value of a reporting unit is less than the carrying amount. If, after assessing the totality of events and circumstances, the Company concludes Company if the Company concludes that
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Company owns insurance on the lives of a certain group of key employees. The cash surrender value of these policies is included as an asset on the consolidated balance sheets, and the increase in cash surrender value is recorded as noninterest income on the Consolidated Statements of Income. In the event of the death of an insured individual under these policies, the Company would receive a death benefit payment. Any excess in the amount received over the recorded cash surrender value would be recorded as other operating income on the Consolidated Statements of Income.
Premises and Equipment	Premises and Equipment Land is carried at cost. Buildings and equipment are stated at cost, less accumulated depreciation and amortization computed on the straight-line method over the estimated useful lives of the assets. Buildings and equipment are depreciated over their estimated useful lives ranging from 3 to 39 years; leasehold improvements are amortized over the lives of the respective leases or the estimated useful life of the leasehold improvement, whichever is less. Software is amortized over its estimated useful life ranging from 3 to 5 years.
Off-Balance Sheet Credit Related Financial Instruments	Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, including commitments under commercial letters of credit and lines of credit. Such financial instruments are recorded when they are funded.
Stock Compensation Plans	Stock Compensation Plans Stock compensation accounting guidance (FASB ASC 718, “Compensation -- Stock Compensation”) requires that the compensation cost related to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black Scholes model is used to estimate the fair value of the stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards.
Revenue Recognition	Revenue Recognition Revenue recognized from contracts with customers is accounted for under ASC 606 and is primarily included in the Company’s noninterest income. Fiduciary and asset management fees are earned as the Company satisfies it performance obligation over time. Additional services are transactional-based and the revenue is recognized as incurred. Service charges on deposit accounts consist of account analysis fees, monthly service fees, and other deposit account related fees. Account analysis and monthly service fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Other deposit account related fees are largely transaction based and therefore fees are recognized at the point in time when the Company has satisfied its performance obligation. The Company earns other service charges, commissions, and fees from its customers for transaction-based services. Such services include debit card, ATM, merchant services, investment services, and other service charges. In each case, these service charges and fees are recognized in income at the time or within the same period that the Company’s performance obligation is satisfied. The Company earns interchange fees from debit cardholder transactions conducted through various payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (FASB ASC 740, “Income Taxes”). The Company adopted the accounting guidance related to accounting for uncertainty in income taxes, which sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. Income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability or balance sheet method. Under this method, the net deferred tax asset or liability is based on the tax effects of the difference between the book and tax basis of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more-likely-than-not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more-likely-than-not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of both positive and negative evidence available, it is more-likely-than-not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties on income taxes as a component of income tax expense. No uncertain tax positions were recorded in the years ended December 31, 2023 and 2022.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per common share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share reflects additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to shares to be issued as part of the employee stock purchase plan and are determined using the treasury stock method. Nonvested restricted stock shares are included in the calculation of basic earnings per common share due to their rights to voting and dividends.
Wealth Assets and Income	Wealth Assets and Income Securities and other property held by Wealth in a fiduciary or agency capacity are not assets of the Company and are not included in the accompanying Consolidated Financial Statements.
Derivative Financial Instruments	Derivative Financial Instruments The Company recognizes derivative financial instruments at fair value as either an other asset or other liability in the Consolidated Balance Sheets. The Company’s derivative financial instruments include interest rate swaps with certain qualifying commercial loan customers and dealer counterparties and interest rate contracts arising from mortgage banking activities, including interest rate lock commitments (IRLCs) on mortgage loans and related forward sales of mortgage loans. The change in fair value of these instruments is reported as noninterest income.
Advertising Expenses	Advertising Expenses Advertising expenses are expensed as incurred. Advertising expense for the years ended December 31, 2023 and 2022 was $226 thousand and $202 thousand, respectively.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive (loss) income consists of net income and other comprehensive (loss) income, net of tax. Other comprehensive (loss) income, net of tax includes unrealized gains and losses on securities available-for-sale which is also recognized a separate component of equity.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in “Note 14. Fair Value Measurements.” Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates.
Recent Significant Accounting Pronouncements	Recent Significant Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” Subsequently, the FASB issued ASU 2022-06, “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. This guidance provides temporary, optional expedients and exceptions to ease the potential burden in accounting for modifications of loan contracts, borrowings, and other transactions related to reference rate reform associated with the LIBOR transition if certain criteria are met. The amendments are effective as of March 12, 2020 through December 31, 2024 and can be adopted at an instrument level. These modifications have not had and are not expected to have a material impact on the consolidated financial statements. In November 2023, FASB issued ASU 2023-07, “Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures.” The amendments in ASU 2023-07 require that a public entity disclose, on an annual and interim basis, significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, require other segment items by reportable segment to be disclosed and a description of their composition, and require disclosure of the title and position of the chief operating decision maker and an explanation of how they use the reported measure of segment profit or loss in assessing segment performance and deciding how to allocate resources. The amendments apply to all public entities that are required to report segment information in accordance with Topic 280, “Segment Reporting,” and are effective for fiscal years beginning after December 15, 2023, and interim periods with fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments are to be applied retrospectively to all prior periods presented. The Company does not expect the adoption of ASU 2023-07 to have a material effect on its consolidated financial statements. In November 2023, FASB issued ASU 2023-09, “Income Taxes (Topic 740) – Improvements to Income Tax Disclosures.” The amendments in ASU 2023-09 require that a public entity disclose, on an annual basis, specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold, the amount of income taxes paid disaggregated by federal, state and foreign taxes, and the amount of income taxes paid disaggregated by individual jurisdictions in which income taxes paid is equal to or greater than five percent of total income taxes paid. The amendments also require that entities disclose income from continuing operations before income tax expense disaggregated between domestic and foreign, as well as income tax expense from continuing operations disaggregated by federal, state, and foreign. The amendments apply to all public entities that are subject to Topic 740, “Income Taxes,” and are effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments are to be applied on a prospective basis; however, retrospective application is permitted. The Company does not expect the adoption of ASU 2023-09 to have a material effect on its consolidated financial statements. Other accounting standards that have been adopted by the Company or issued by the FASB or other standards-setting bodies have not or are not currently expected to have a material effect on the Company’s financial position, results of operations or cash flows.

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Description of Business and Summary of Significant Accounting Policies [Abstract]
Impact of ASC 326 Adoption	The following table illustrates the impact of ASC 326 on the allowance for credit losses. December 31, 2022 January 1, 2023 (dollars in thousands) As Previously Reported (Incurred Loss) Impact of CECL Adoption As Reported Under CECL Assets Loans Commercial and industrial $ 673 $ (11 ) $ 662 Real estate construction 552 19 571 Real estate mortgage 2,575 87 2,662 Real estate commercial 4,499 1,048 5,547 Consumer 2,065 (365 ) 1,700 Other 162 (137 ) 25 Allowance for credit losses on loans 10,526 641 11,167 Liabilities: Allowance for credit losses on unfunded credit exposure 51 350 401 Total allowance for credit losses $ 10,577 $ 991 $ 11,568

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Securities [Abstract]
Amortized Cost and Fair Value, with Gross Unrealized Gains and Losses of Securities Available-for-Sale	The amortized cost and fair value, with gross unrealized gains and losses, of securities available-for-sale as of the dates indicated were as follows: December 31, 2023 Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains (Losses) Value U.S. Treasury securities $ 4,068 $ - $ (211 ) $ 3,857 Obligations of U.S. Government agencies 43,233 167 (665 ) 42,735 Obligations of state and political subdivisions 58,292 13 (7,708 ) 50,597 Mortgage-backed securities 91,328 84 (10,105 ) 81,307 Money market investments 2,047 - - 2,047 Corporate bonds and other securities 27,500 - (3,765 ) 23,735 $ 226,468 $ 264 $ (22,454 ) $ 204,278 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains (Losses) Value U.S. Treasury securities $ 8,013 $ - $ (342 ) $ 7,671 Obligations of U.S. Government agencies 43,622 10 (1,233 ) 42,399 Obligations of state and political subdivisions 70,491 - (11,107 ) 59,384 Mortgage-backed securities 99,874 - (10,961 ) 88,913 Money market investments 1,816 - - 1,816 Corporate bonds and other securities 27,990 - (2,655 ) 25,335 $ 251,806 $ 10 $ (26,298 ) $ 225,518
Amortized Cost and Fair Value of Securities by Contractual Maturity	The amortized cost and fair value of securities by contractual maturity are shown below. December 31, 2023 Amortized Fair (dollars in thousands) Cost Value Due in one year or less $ 1,570 $ 1,541 Due after one year through five years 12,962 12,178 Due after five through ten years 63,248 54,806 Due after ten years 146,641 133,706 Other securities, restricted 2,047 2,047 $ 226,468 $ 204,278
Net Realized Gains and Losses on Sale of Investments	The following table shows realized gains and losses on the sale of investment securities sold during the years ended December 31, 2023 and 2022: Years Ended December 31, (dollars in thousands) 2023 2022 Realized gains on sales of securities $ 1,061 $ - Realized losses on sales of securities (1,195 ) (1,870 ) Net realized loss $ (134 ) $ (1,870 )
Available-for-Sale Securities, Unrealized Loss Position	Securities in an unrealized loss position at December 31, 2023, by duration of the period of unrealized loss, are shown below. December 31, 2023 Less than 12 months 12 months or more Total Gross Gross Gross Number Unrealized Fair Unrealized Fair Unrealized Fair of (dollars in thousands) Losses Value Losses Value Losses Value Securities U.S. Treasury securities $ - $ - $ 211 $ 3,857 $ 211 $ 3,857 1 Obligations of U.S. Government agencies 91 8,803 574 22,817 665 31,620 43 Obligations of state and political subdivisions - - 7,708 49,597 7,708 49,597 43 Mortgage-backed securities 96 4,423 10,009 73,347 10,105 77,770 40 Corporate bonds and other securities - - 3,765 22,735 3,765 22,735 23 Total securities available-for-sale $ 187 $ 13,226 $ 22,267 $ 172,353 $ 22,454 $ 185,579 150 Securities in an unrealized loss position at December 31,2022, by duration of the period of unrealized loss, are shown below. December 31, 2022 Less than 12 months 12 months or more Total Gross Gross Gross Number Unrealized Fair Unrealized Fair Unrealized Fair of (dollars in thousands) Losses Value Losses Value Losses Value Securities U.S. Treasury securities $ 342 $ 7,671 $ - $ - $ 342 $ 7,671 4 Obligations of U.S. Government agencies 258 13,873 975 22,851 1,233 36,724 43 Obligations of state and political subdivisions 5,386 33,720 5,721 23,856 11,107 57,576 56 Mortgage-backed securities 4,157 52,717 6,804 36,196 10,961 88,913 38 Corporate bonds and other securities 1,084 12,906 1,571 11,429 2,655 24,335 21 Total securities available-for-sale $ 11,227 $ 120,887 $ 15,071 $ 94,332 $ 26,298 $ 215,219 162

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses on Loans (Tables)	12 Months Ended
	Dec. 31, 2023
Loans and Allowance for Credit Losses on Loans [Abstract]
Outstanding Loans by Segment Type	The following is a summary of the balances in each class of the Company’s portfolio of loans held for investment as of the dates indicated: December 31, (dollars in thousands) 2023 2022 Mortgage loans on real estate: Residential 1-4 family $ 188,517 $ 169,248 Commercial - owner occupied 156,466 184,586 Commercial - non-owner occupied 285,250 245,277 Multifamily 29,207 26,675 Construction and land development 107,179 77,944 Second mortgages 10,148 8,828 Equity lines of credit 55,981 54,340 Total mortgage loans on real estate 832,748 766,898 Commercial and industrial loans 64,112 72,578 Consumer automobile loans 160,437 163,018 Other consumer loans 19,718 22,251 Other (1) 3,237 2,340 Total loans, net of deferred fees (2) 1,080,252 1,027,085 Less: Allowance for credit losses on loans 12,206 10,526 Loans, net of allowance and deferred fees (2) $ 1,068,046 $ 1,016,559 (1) Overdrawn accounts are reclassified as loans and included in the Other catergory in the table above. Overdrawn deposit accounts, excluding internal use accounts, totaled at December 31, 2023 and 2022, respectively. (2) Net deferred loan costs totaled $1.2 million and $1.0 million at December 31, 2023 and 2022, respectively.
Past Due Loans	The following table shows the aging of the Company’s loan portfolio, by class, as of December 31, 2023. Age Analysis of Past Due Loans as of December 31, 2023 (dollars in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due and still Accruing Nonaccrual (2) Total Current Loans (1) Total Mortgage loans on real estate: Residential 1-4 family $ 1,194 $ - $ 368 $ 142 $ 186,813 $ 188,517 Commercial - owner occupied 100 - 322 - 156,044 156,466 Commercial - non-owner occupied - 896 - - 284,354 285,250 Multifamily - - - - 29,207 29,207 Construction and land development - - - - 107,179 107,179 Second mortgages 160 6 - - 9,982 10,148 Equity lines of credit 205 - - 46 55,730 55,981 Total mortgage loans on real estate $ 1,659 $ 902 $ 690 $ 188 $ 829,309 $ 832,748 Commercial and industrial loans 527 427 306 - 62,852 64,112 Consumer automobile loans 3,254 706 661 - 155,816 160,437 Other consumer loans 634 264 123 - 18,697 19,718 Other 29 - - - 3,208 3,237 Total $ 6,103 $ 2,299 $ 1,780 $ 188 $ 1,069,882 $ 1,080,252 (1) For purposes of this table, Total Current Loans includes loans that are 1 - 29 days past due. (2) For purposes of this table, if a loan is past due and on nonaccrual, it is included in the nonaccrual column and not also in its respective past due column. The following table shows the aging of the Company’s loan portfolio, by class, as of December 31, 2022. Age Analysis of Past Due Loans as of December 31, 2022 (dollars in thousands) 30 - 59 Days Past Due 60 - 89 Days Past Due 90 or More Days Past Due and still Nonaccrual (2) Total Current Loans (1) Total Mortgage loans on real estate: Residential 1-4 family $ 290 $ - $ 525 $ 154 $ 168,279 $ 169,248 Commercial - owner occupied 20 - - - 184,566 184,586 Commercial - non-owner occupied 206 - - - 245,071 245,277 Multifamily - - - - 26,675 26,675 Construction and land development - - - 945 76,999 77,944 Second mortgages 19 - - - 8,809 8,828 Equity lines of credit 56 288 - - 53,996 54,340 Total mortgage loans on real estate $ 591 $ 288 $ 525 $ 1,099 $ 764,395 $ 766,898 Commercial and industrial loans 221 284 23 144 71,906 72,578 Consumer automobile loans 1,538 221 212 - 161,047 163,018 Other consumer loans 445 372 80 - 21,354 22,251 Other 47 - - - 2,293 2,340 Total $ 2,842 $ 1,165 $ 840 $ 1,243 $ 1,020,995 $ 1,027,085 (1) For purposes of this table, Total Current Loans includes loans that are 1 - 29 days past due. (2) For purposes of this table, if a loan is past due and on nonaccrual, it is included in the nonaccrual column and not also in its respective past due column.
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due	The following table shows the Company’s amortized cost basis of loans on nonaccrual status as of January 1, 2023, as well as the amortized cost basis of loans on nonaccrual status and loans past due 90 days and accruing as of December 31, 2023 by class of loan. Nonaccrual (dollars in thousands) January 1, 2023 December 31, 2023 Nonaccrual with no ACLL 90 Days and still Accruing Mortgage loans on real estate: Residential 1-4 family $ 154 $ 142 $ - $ 368 Commercial - owner occupied - - - 322 Construction and land development 945 - - - Equity lines of credit - 46 - - Total mortgage loans on real estate 1,099 188 - 690 Commercial and industrial loans 144 - - 306 Consumer automobile loans - - - 661 Other consumer loans - - - 123 Total $ 1,243 $ 188 $ - $ 1,780
Allowance for Credit Losses by Segment	The following tables presents the activity in the ACLL by portfolio class for the year ended December 31, 2023. Allowance for Credit Losses and Recorded Investment in Loans For the Year Ended December 31, 2023 (dollars in thousands) Commercial and Industrial Real Estate Construction and Land Development Real Estate - Mortgage (1) Real Estate- Commercial (2) Consumer (3) Other Unallocated Total Allowance for credit losses on loans: Balance, beginning $ 673 $ 552 $ 2,575 $ 4,499 $ 2,065 $ 156 $ 6 $ 10,526 Day 1 impact of adoption of CECL (11 ) 19 87 1,048 (365 ) (137 ) - 641 Charge-offs (492 ) - - - (1,613 ) (298 ) - (2,403 ) Recoveries 69 - 42 - 506 59 - 676 Provision for loan losses 334 411 200 195 1,234 398 (6 ) 2,766 Ending Balance $ 573 $ 982 $ 2,904 $ 5,742 $ 1,827 $ 178 $ - $ 12,206 (1) The real estate-mortgage segment included residential 1-4 family, multi-family, second mortgages and equity lines of credit. (2) The real estate-commerical segment included commerical-owner occupied and commercial non-owner occupied (3) The consumer segment includes consumer automobile loans. The following tables presents the activity in the ACLL by portfolio segment for the year ended December 31, 2022. For the Year ended December 31, 2022 (dollars in thousands) Commercial and Industrial Real Estate Construction Real Estate - Mortgage (1) Real Estate- Commercial Consumer (2) Other Unallocated Total Allowance for loan losses: Balance, beginning $ 683 $ 459 $ 2,390 $ 4,787 $ 1,362 $ 184 $ - $ 9,865 Charge-offs (297 ) - (25 ) - (1,368 ) (332 ) - (2,022 ) Recoveries 134 - 61 22 648 112 - 977 Provision for loan losses 153 93 149 (310 ) 1,423 192 6 1,706 Ending Balance $ 673 $ 552 $ 2,575 $ 4,499 $ 2,065 $ 156 $ 6 $ 10,526 Individually evaluated for impairment $ - $ 6 $ 21 $ 3 $ - $ - $ - $ 30 Collectively evaluated for impairment 673 546 2,554 4,496 2,065 156 6 10,496 Ending Balance $ 673 $ 552 $ 2,575 $ 4,499 $ 2,065 $ 156 $ 6 $ 10,526 (1) The real estate-mortgage segment includes residential 1 – 4 family, multi-family, second mortgages and equity lines of credit. (2) The consumer segment includes consumer automobile loans.
Breakdown of Provision for Credit Losses	The following table presents a breakdown of the provision for credit losses for the periods indicated. Year Ended December 31, (dollars in thousands) 2023 2022 Provision for credit losses: Provision for loans $ 2,766 $ 1,706 Provison for (recovery of) unfunded commitments (165 ) - Total $ 2,601 $ 1,706
Risk Category Loans by Class of Loans	The following tables present credit quality exposures by internally assigned risk ratings originated as of the dates indicated: December 31, 2023 Term Loans Amortized Cost Basis by Origination Year (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Total Construction and land development Pass $ 40,168 $ 36,581 $ 25,770 $ 3,630 $ 297 $ 285 $ 448 $ 107,179 OAEM - - - - - - - - Substandard - - - - - - - - Total construction and land development $ 40,168 $ 36,581 $ 25,770 $ 3,630 $ 297 $ 285 $ 448 $ 107,179 Commercial real estate - owner occupied Pass $ 10,145 $ 33,720 $ 21,058 $ 13,708 $ 12,025 $ 56,978 $ 5,680 $ 153,314 OAEM - - - - 77 2,985 - 3,062 Substandard - - - - - 90 - 90 Total commercial real estate - owner occupied $ 10,145 $ 33,720 $ 21,058 $ 13,708 $ 12,102 $ 60,053 $ 5,680 $ 156,466 Commercial real estate - non-owner occupied Pass $ 31,539 $ 53,217 $ 96,755 $ 38,704 $ 10,517 $ 51,451 $ 2,263 $ 284,446 OAEM - - - - 804 - - 804 Substandard - - - - - - - - Total commercial real estate - non-owner occupied $ 31,539 $ 53,217 $ 96,755 $ 38,704 $ 11,321 $ 51,451 $ 2,263 $ 285,250 Commercial and industrial Pass $ 18,248 $ 21,698 $ 4,300 $ 1,691 $ 2,192 $ 2,075 $ 13,908 $ 64,112 OAEM - - - - - - - - Substandard - - - - - - - - Total commercial and industrial $ 18,248 $ 21,698 $ 4,300 $ 1,691 $ 2,192 $ 2,075 $ 13,908 $ 64,112 Multifamily real estate Pass $ 6,568 $ 3,841 $ 2,151 $ 605 $ 5,955 $ 9,005 $ 1,082 $ 29,207 OAEM - - - - - - - - Substandard - - - - - - - - Total multifamily real estate $ 6,568 $ 3,841 $ 2,151 $ 605 $ 5,955 $ 9,005 $ 1,082 $ 29,207 Residential 1-4 family Pass $ 27,497 $ 41,062 $ 39,937 $ 26,368 $ 13,009 $ 52,148 $ 54,087 $ 254,108 OAEM - - - - - - - - Substandard - - - 350 46 142 - 538 Total residential 1-4 family $ 27,497 $ 41,062 $ 39,937 $ 26,718 $ 13,055 $ 52,290 $ 54,087 $ 254,646 Consumer - automobile Pass $ 52,750 $ 83,885 $ 13,184 $ 4,152 $ 1,618 $ 4,848 $ - $ 160,437 OAEM - - - - - - - - Substandard - - - - - - - - Total consumer - automobile $ 52,750 $ 83,885 $ 13,184 $ 4,152 $ 1,618 $ 4,848 $ - $ 160,437 Consumer - other Pass $ 323 $ 765 $ 330 $ 109 $ 11 $ 16,089 $ 2,091 $ 19,718 OAEM - - - - - - - - Substandard - - - - - - - - Total consumer - other $ 323 $ 765 $ 330 $ 109 $ 11 $ 16,089 $ 2,091 $ 19,718 Other Pass $ 1,620 $ - $ 292 $ - $ - $ 1,325 $ - $ 3,237 OAEM - - - - - - - - Substandard - - - - - - - - Total other $ 1,620 $ - $ 292 $ - $ - $ 1,325 $ - $ 3,237 Total loans Pass $ 188,858 $ 274,769 $ 203,777 $ 88,967 $ 45,624 $ 194,204 $ 79,559 $ 1,075,758 OAEM - - - - 881 2,985 - 3,866 Substandard - - - 350 46 232 - 628 Total loans $ 188,858 $ 274,769 $ 203,777 $ 89,317 $ 46,551 $ 197,421 $ 79,559 $ 1,080,252 The following table details the current period gross charge-offs of loans by year of origination as of December 31, 2023: December 31, 2023 Current Period Charge-offs by Origination Year (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial and industrial $ - $ 436 $ 18 $ 21 $ - $ 17 $ - $ 492 Consumer - automobile 54 987 318 110 18 64 - 1,551 Consumer - other 5 - 5 - 3 49 - 62 Other (1) 277 21 - - - - - 298 Total $ 336 $ 1,444 $ 341 $ 131 $ 21 $ 130 $ - $ 2,403 (1) Gross charge-offs of other loans for the year ended December 31, 2023 The following tables present credit quality exposures by internally assigned risk ratings as of December 31, 2022: Credit Quality Information As of December 31, 2023 (dollars in thousands) Pass OAEM Substandard Total Mortgage loans on real estate: Residential 1-4 family $ 188,025 $ - $ 492 $ 188,517 Commercial - owner occupied 153,314 3,062 90 156,466 Commercial - non-owner occupied 284,446 804 - 285,250 Multifamily 29,207 - - 29,207 Construction and land development 107,179 - - 107,179 Second mortgages 10,148 - - 10,148 Equity lines of credit 55,935 - 46 55,981 Total mortgage loans on real estate $ 828,254 $ 3,866 $ 628 $ 832,748 Commercial and industrial loans 64,112 - - 64,112 Consumer automobile loans 160,437 - - 160,437 Other consumer loans 19,718 - - 19,718 Other 3,237 - - 3,237 Total $ 1,075,758 $ 3,866 $ 628 $ 1,080,252
Impaired Loans by Class	As of December 31, 2022, the Company measured the amount of impairment by evaluating loans either in their collective homogenous pools or individually. The following table includes the recorded investment and unpaid principal balances (a portion of which may have been charged off) for impaired loans with the associated allowance amount, if applicable. Also presented are the average recorded investments in the impaired loans and the related amount of interest recognized for the period presented. The average balances are calculated based on daily average balances. Impaired Loans by Class For the Year Ended As of December 31, 2022 December 31, 2022 (dollars in thousands) Unpaid Principal Balance Without Valuation Allowance With Valuation Allowance Associated Allowance Average Recorded Interest Income Recognized Mortgage loans on real estate: Residential 1-4 family $ 285 $ 44 $ 235 $ 21 $ 282 $ 7 Commercial 430 55 358 3 420 - Construction 1,321 829 191 6 1,208 3 Total mortgage loans on real estate 2,036 928 784 30 1,910 10 Commercial and industrial loans 144 144 - - 144 5 Total $ 2,180 $ 1,072 $ 784 $ 30 $ 2,054 $ 15

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Premises and Equipment [Abstract]
Premises and Equipment	Premises and equipment consisted of the following: Years Ended December 31, (dollars in thousands) 2023 2022 Land $ 7,062 $ 7,062 Buildings 34,297 34,187 Construction in process 281 335 Leashold improvements 1,151 1,130 Furniture, fixtures and equipment 23,842 22,867 66,633 65,581 Less accumulated depreciation and amortization 36,720 34,573 Balance at end of year $ 29,913 $ 31,008

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Information About Leases	The right-of-use asset and lease liability are included in “Other Assets” and “Other Liabilities,” respectively, in the Consolidated Balance Sheets. There were no new leases executed during the year ended December 31, 2023. The following tables present information about the Company’s leases: (dollars in thousands) December 31, 2023 Lease liabilities $ 1,248 Right-of-use assets $ 1,148 Weighted average remaining lease term 3.37 years Weighted average discount rate 3.06 %
Lease Cost	Years Ended December 31, (dollars in thousands) 2023 2022 Operating lease cost $ 439 $ 349 Total lease cost $ 439 $ 349 Cash paid for amounts included in the measurement of lease liabilities $ 417 $ 351
Maturity of Operating Lease Liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: As of (dollars in thousands) December 31, 2023 Twelve months ending December 31, 2024 $ 423 Twelve months ending December 31, 2025 382 Twelve months ending December 31, 2026 278 Twelve months ending December 31, 2027 208 Thereafter 24 Total undiscounted cash flows $ 1,315 Discount (67 ) Lease liabilities $ 1,248

Low-Income Housing Tax Credits

Low-Income Housing Tax Credits (Tables)	12 Months Ended
	Dec. 31, 2023
Low-Income Housing Tax Credits [Abstract]
Tax Credits and Other Tax Benefits Recognized Related to Investments	The table below summarizes the tax credits and other tax benefits recognized by the Company related to these investments, as of the periods indicated: Years Ended December 31, (dollars in thousands) 2023 2022 Tax credits and other benefits Amortization of operating losses $ 367 $ 425 Tax benefit of operating loss es* 77 89 Tax credits 309 349 Total tax benefits $ 386 $ 438

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Maturities of Time Deposits	At December 31, 2023, the scheduled maturities of time deposits are as follows: (dollars in thousands) 2024 $ 200,113 2025 23,567 2026 8,088 2027 8,851 2028 2,092 Balance at end of year $ 242,711

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Borrowings [Abstract]
Short-term Borrowings	The following table presents total short-term borrowings as of the dates indicated: (dollars in thousands) December 31, 2023 December 31, 2022 Federal funds purchased $ - $ 11,378 Overnight repurchase agreements 2,383 4,987 Federal Home Loan Bank advances 9,450 46,100 Total short-term borrowings $ 11,833 $ 62,465 Maximum month-end outstanding balance (year-to-date) $ 84,360 $ 62,465 Average outstanding balance during the period $ 53,466 $ 11,776 Average interest rate (year-to-date) 4.90 % 2.34 % Average interest rate at end of period 5.65 % 4.58 %

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Compensation [Abstract]
Restricted Stock Activity	Restricted stock activity for the year ended December 31, 2023 is summarized below. Weighted Average Grant Date Shares Fair Value Nonvested, January 1, 2023 46,989 $ 22.49 Issued 35,763 17.21 Vested (26,916 ) 20.14 Forfeited (2,176 ) 18.25 Nonvested, December 31, 2023 53,660 $ 20.32

Stockholders' Equity and Earn_2

Stockholders' Equity and Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity and Earnings Per Common Share [Abstract]
Amounts Reclassified Out of Accumulated Other Comprehensive Loss, by Category	The following table presents amounts reclassified out of accumulated other comprehensive loss, by category, during the periods indicated: Years Ended (dollars in thousands) December 31, Affected Line Item on Consolidated Statement of Income 2023 2022 Sale of securities Realized loss on sale of securities $ (134 ) $ (1,870 ) Loss on sale of securities, net Tax effect (28 ) (393 ) Income tax benefit $ (106 ) $ (1,477 )
Changes in Accumulated Other Comprehensive Loss, by Category	The following table presents the changes in accumulated other comprehensive loss, by category, net of tax, for the periods indicated: (dollars in thousands) Unrealized Gains (Losses) on Available-for-Sale Securities Accumulated Other Comprehensive (Loss) Income Year Ended December 31, 2023 Balance at beginning of period $ (20,767 ) $ (20,767 ) Net other comprehensive income 3,237 3,237 Balance at end of period $ (17,530 ) $ (17,530 ) Year Ended December 31, 2022 Balance at beginning of period $ 1,675 $ 1,675 Net other comprehensive loss (22,442 ) (22,442 ) Balance at end of period $ (20,767 ) $ (20,767 )
Component of Accumulated Other Comprehensive Income (Loss) on Pre-Tax and After-Tax	The following table presents the change in each component of accumulated other comprehensive income (loss), on a pre-tax and after-tax basis for the periods indicated. Year Ended December 31, 2023 (dollars in thousands) Pretax Tax Net-of-Tax Unrealized gains on available-for-sale securities: Unrealized holding gains arising during the period $ 3,964 $ (833 ) $ 3,131 Reclassification adjustment for net losses recognized in income 134 (28 ) 106 4,098 (861 ) 3,237 Total change in accumulated other comprehensive income, net $ 4,098 $ (861 ) $ 3,237 Year Ended December 31, 2022 (dollars in thousands) Pretax Tax Net-of-Tax Unrealized losses on available-for-sale securities: Unrealized holding losses arising during the period $ (30,382 ) $ 6,463 $ (23,919 ) Reclassification adjustment for losses recognized in income 1,870 (393 ) 1,477 (28,512 ) 6,070 (22,442 ) Total change in accumulated other comprehensive loss, net $ (28,512 ) $ 6,070 $ (22,442 )

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Annual Activity	Annual activity consisted of the following: (dollars in thousands) 2023 2022 Balance, beginning of year $ 2,724 $ 1,889 Additions 198 1,092 Reductions (755 ) (257 ) Balance, end of year $ 2,167 $ 2,724

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Taxes [Abstract]
Components of Income Tax Expense	The components of income tax expense for the current and prior year-ends are as follows: (dollars in thousands) 2023 2022 Current income tax expense $ 1,422 $ 1,525 Deferred income tax benefit (88 ) (51 ) Reported income tax expense $ 1,334 $ 1,474
Reconciliation of Federal Income Tax Expense	A reconciliation of the expected federal income tax expense on income before income taxes with the reported income tax expense for the same periods follows: Years Ended December 31, (dollars in thousands) 2023 2022 Federal statutory rate times financial statement income $ 1,903 $ 2,222 Low-income housing tax credits (309 ) (349 ) Tax-exempt interest income, net (70 ) (220 ) Bank-owned life insurance (218 ) (191 ) Other, net 28 12 Reported income tax expense $ 1,334 $ 1,474
Components of Net Deferred Tax Asset	The components of the net deferred tax asset, included in other assets, are as follows: (dollars in thousands) 2023 2022 Deferred tax assets: Allowance for credit losses $ 2,563 $ 2,211 Nonaccrual loans 56 9 Net operating losses 540 574 Investments in pass-through entities 355 320 Unrealized losses on securities available-for-sale 4,660 5,520 Stock awards 140 117 Other accrued compensation 272 498 Deferred loan fees and costs 258 217 Lease liability 262 343 Other 49 11 $ 9,155 $ 9,820 Deferred tax liabilities: Premises and equipment $ 606 $ 606 Acquisition accounting 39 49 Right of use asset 241 332 886 987 Net deferred tax assets $ 8,269 $ 8,833

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies [Abstract]
Financial Instruments whose Contract Amounts Represent Credit Risk	Financial instruments whose contract amounts represent credit risk were outstanding as of December 31, 2023 and December 31, 2022 were as follows: December 31, December 31, (dollars in thousands) 2023 2022 Commitments to extend credit: Home equity lines of credit $ 91,885 $ 87,722 Commercial real estate, construction and development loans committed but not funded 74,218 67,107 Other lines of credit (principally commercial) 47,622 51,742 Total $ 213,725 $ 206,571 Letters of credit $ 802 $ 904

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Measurements [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present the balances of certain assets measured at fair value on a recurring basis as of the dates indicated: Fair Value Measurements at December 31, 2023 Using (dollars in thousands) Balance Level 1 Level 2 Level 3 Assets: Available-for-sale securities U.S. Treasury securities $ 3,857 $ - $ 3,857 $ - Obligations of U.S. Government agencies 42,735 - 42,735 - Obligations of state and political subdivisions 50,597 - 50,597 - Mortgage-backed securities 81,307 - 81,307 - Money market investments 2,047 - 2,047 - Corporate bonds and other securities 23,735 - 23,735 - Total available-for-sale securities 204,278 - 204,278 - Derivatives Interest rate lock 10 - 10 - Interest rate swap on loans 1,249 - 1,249 - Total assets $ 205,537 $ - $ 205,537 $ - Liabilities: Derivatives Interest rate swap on loans 1,249 - 1,249 - Total liabilities $ 1,249 $ - $ 1,249 $ - Fair Value Measurements at December 31, 2022 Using (dollars in thousands) Balance Level 1 Level 2 Level 3 Available-for-sale securities U.S. Treasury securities $ 7,671 $ - $ 7,671 $ - Obligations of U.S. Government agencies 42,399 - 42,399 - Obligations of state and political subdivisions 59,384 - 59,384 - Mortgage-backed securities 88,913 - 88,913 - Money market investments 1,816 - 1,816 - Corporate bonds and other securities 25,335 - 25,335 - Total available-for-sale securities $ 225,518 $ - $ 225,518 $ - Derivatives Interest rate lock 23 - 23 - Interest rate swap on loans 1,447 - 1,447 - Total assets $ 226,988 $ - $ 226,988 $ - Liabilities: Derivatives Interest rate swap on loans 1,447 - 1,447 - Total liabilities $ 1,447 $ - $ 1,447 $ -
Assets Measured at Fair Value on Nonrecurring Basis	The following tables present the assets carried on the Consolidated Balance Sheets for which a nonrecurring change in fair value has been recorded. Assets are shown by class of loan and by level in the fair value hierarchy, as of the dates indicated. Certain impaired loans are valued by the present value of the loan’s expected future cash flows, discounted at the loan’s effective interest rate rather than at a market rate. These loans are not carried on the Consolidated Balance Sheets at fair value and, as such, are not included in the tables below. Carrying Value at December 31, 2023 (dollars in thousands) Fair Value Level 1 Level 3 Loans Loans held for sale $ 470 $ - $ 470 $ - Carrying Value at December 31, 2022 (dollars in thousands) Fair Value Level 1 Level 3 Impaired loans Mortgage loans on real estate: Construction $ 110 $ - $ - $ 110 Total $ 110 $ - $ - $ 110 Loans Loans held for sale $ 421 $ - $ 421 $ -
Fair Value Inputs, Assets, Quantitative Information	The following tables display quantitative information about Level 3 Fair Value Measurements as of December 31, 2022: Quantitative Information About Level 3 Fair Value Measurements (dollars in thousands) Fair Value at December 31, 2022 Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans Construction $ 110 Market comparables Selling costs 3.00% - 8.00% (7.25 %)
Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments	The estimated fair values, and related carrying or notional amounts, of the Company’s financial instruments as of the dates indicated are as follows: Fair Value Measurements at December 31, 2023 Using (dollars in thousands) Carrying Value Level 1 Level 3 Assets Cash and cash equivalents $ 78,759 $ 78,759 $ - $ - Securities available-for-sale 204,278 - 204,278 - Restricted securities 5,176 - 5,176 - Loans held for sale 470 - 470 - Loans, net 1,068,046 - - 1,025,622 Derivatives Interest rate lock 10 - 10 - Interest rate swap on loans 1,249 - 1,249 - Bank owned life insurance 35,088 - 35,088 - Accrued interest receivable 4,921 - 4,921 - Liabilities Deposits $ 1,230,397 $ - $ 1,228,477 $ - Overnight repurchase agreements 2,383 - 2,383 - Federal Home Loan Bank advances 69,450 - 69,450 - Long term borrowings 29,668 - 25,561 - Derivatives Interest rate swap on loans 1,249 - 1,249 - Accrued interest payable 1,972 - 1,972 - Fair Value Measurements at December 31, 2022 Using (dollars in thousands) Carrying Value Level 1 Level 3 Assets Cash and cash equivalents $ 19,250 $ 19,250 $ - $ - Securities available-for-sale 225,518 - 225,518 - Restricted securities 3,434 - 3,434 - Loans held for sale 421 - 421 - Loans, net 1,016,559 - - 996,807 Derivatives Interest rate lock 23 - 23 - Interest rate swap on loans 1,447 - 1,447 - Bank owned life insurance 34,049 - 34,049 - Accrued interest receivable 4,253 - 4,253 - Liabilities Deposits $ 1,156,019 $ - $ 1,156,547 $ - Federal funds purchased 11,378 - 11,378 - Overnight repurchase agreements 4,987 - 4,987 - Federal Reserve Bank borrowings 46,100 - 46,100 - Long term borrowings 29,538 - 25,539 - Derivatives Interest rate swap on loans 1,447 - 1,447 - Accrued interest payable 834 - 834 -

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2023
Regulatory Matters [Abstract]
Actual and Required Capital Amounts and Ratios	The Bank’s actual capital amounts and ratios as of December 31, 2023 and 2022 are presented in the table below. 2023 2022 Regulatory Regulatory (dollars in thousands) Minimums December 31, 2023 Minimums December 31, 2022 Common Equity Tier 1 Capital to Risk-Weighted Assets 4.500 % 11.45 % 4.500 % 10.80 % Tier 1 Capital to Risk-Weighted Assets 6.000 % 11.45 % 6.000 % 10.80 % Total Capital to Risk-Weighted Assets 8.000 % 12.46 % 8.000 % 11.70 % Tier 1 Leverage to Average Assets 4.000 % 9.46 % 4.000 % 9.43 % Risk-Weighted Assets $ 1,222,320 $ 1,177,600

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Reconciliation of Assets and Revenues from Segment to Consolidated	Information about reportable segments, and reconciliation of such information to the Consolidated Financial Statements as of and for the years ended December 31 2023 and 2022 follows: Year Ended December 31, 2023 (dollars in thousands) Bank Wealth Parent Eliminations Consolidated Revenues Interest and dividend income $ 66,484 $ 142 $ 9,462 $ (9,462 ) $ 66,626 Income from fiduciary activities - 4,632 - - 4,632 Other income 8,390 913 200 (262 ) 9,241 Total operating income 74,874 5,687 9,662 (9,724 ) 80,499 Expenses Interest expense 17,246 - 1,181 - 18,427 Provision for credit losses 2,601 - - - 2,601 Salaries and employee benefits 25,526 4,138 765 - 30,429 Other expenses 18,447 1,344 449 (262 ) 19,978 Total operating expenses 63,820 5,482 2,395 (262 ) 71,435 Income (loss) before taxes 11,054 205 7,267 (9,462 ) 9,064 Income tax expense (benefit) 1,754 43 (463 ) - 1,334 Net income $ 9,300 $ 162 $ 7,730 $ (9,462 ) $ 7,730 Capital expenditures $ 1,053 $ - $ - $ - $ 1,053 Total assets $ 1,437,603 $ 7,235 $ 137,004 $ (135,460 ) $ 1,446,382 Year Ended December 31, 2022 (dollars in thousands) Bank Wealth Parent Eliminations Consolidated Revenues Interest and dividend income $ 47,963 $ 80 $ 10,873 $ (10,873 ) $ 48,043 Income from fiduciary activities - 4,097 - - 4,097 Other income 8,307 1,162 200 (261 ) 9,408 Total operating income 56,270 5,339 11,073 (11,134 ) 61,548 Expenses Interest expense 2,424 - 1,181 - 3,605 Provision for credit losses 1,706 - - - 1,706 Salaries and employee benefits 22,751 3,613 691 - 27,055 Other expenses 17,135 1,164 562 (261 ) 18,600 Total operating expenses 44,016 4,777 2,434 (261 ) 50,966 Income before taxes 12,254 562 8,639 (10,873 ) 10,582 Income tax expense (benefit) 1,822 121 (469 ) - 1,474 Net income $ 10,432 $ 441 $ 9,108 $ (10,873 ) $ 9,108 Capital expenditures $ 1,341 $ 13 $ - $ - $ 1,354 Total assets $ 1,347,151 $ 7,048 $ 128,849 $ (127,713 ) $ 1,355,335

Condensed Financial Statement_2

Condensed Financial Statements of Parent Company (Tables)	12 Months Ended
	Dec. 31, 2023
Condensed Financial Statements of Parent Company [Abstract]
Balance Sheets	Financial information pertaining to Old Point Financial Corporation (parent company only) is as follows: Balance Sheets December 31, (dollars in thousands) 2023 2022 Assets Cash and cash equivalents $ 3,977 $ 12,255 Investment in common stock of subsidiaries 131,219 115,303 Other assets 1,808 1,291 Total assets $ 137,004 $ 128,849 Liabilities and Stockholders’ Equity Other borrowings $ 29,668 $ 29,538 Other liability 558 577 Common stock 24,932 24,761 Additional paid-in capital 17,099 16,593 Retained earnings 82,277 78,147 Accumulated other comprehensive loss (17,530 ) (20,767 ) Total liabilities and stockholders’ equity $ 137,004 $ 128,849
Statements of Income	Statements of Income Years Ended December 31, (dollars in thousands) 2023 2022 Income: Dividends from subsidiary $ 3,000 $ 3,250 Other income 200 200 Total income 3,200 3,450 Expenses: Salary and benefits 765 691 Subordinated debt 1,181 1,181 Legal expenses 174 298 Service fees 146 142 Other operating expenses 129 122 Total expenses 2,395 2,434 Income before income taxes and equity in undistributed net income of subsidiaries 805 1,016 Income tax benefit (463 ) (469 ) 1,268 1,485 Equity in undistributed net income of subsidiaries 6,462 7,623 Net income $ 7,730 $ 9,108
Statements of Cash Flows	Statements of Cash Flows Years Ended December 31, (dollars in thousands) 2023 2022 Cash flows from operating activities: Net income $ 7,730 $ 9,108 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiaries (6,462 ) (7,623 ) Amortization of subordinated debt issuance costs 130 131 Stock compensation expense 46 37 Increase in other assets (17 ) (104 ) Decrease in other liabilities (19 ) (140 ) Net cash provided by operating activities 1,408 1,409 Cash flows from investing activities: Cash distributed to subsidiary (7,000 ) - Net cash used in investing activities (7,000 ) - Cash flows from financing activities: Proceeds from sale of stock 131 129 Repurchase and retirement of common stock - (6,655 ) Cash dividends paid on common stock (2,817 ) (2,640 ) Net cash used in financing activities (2,686 ) (9,166 ) Net decrease in cash and cash equivalents (8,278 ) (7,757 ) Cash and cash equivalents at beginning of year 12,255 20,012 Cash and cash equivalents at end of year $ 3,977 $ 12,255

Description of Business and S_4

Description of Business and Summary of Significant Accounting Policies, The Company (Details)	Dec. 31, 2023 Branch Subsidiary
THE COMPANY [Abstract]
Number of wholly-owned subsidiaries | Subsidiary	2
Number of branch offices | Branch	14

Description of Business and S_5

Description of Business and Summary of Significant Accounting Policies, Significant Group Concentrations of Credit Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK [Abstract]
Total loans, net of deferred fees	$ 1,080,252
Commercial Real Estate [Member] | Lender Concentration Risk [Member] | Commercial Real Estate and Other Customers [Member]
SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK [Abstract]
Total loans, net of deferred fees	$ 578,100	$ 534,500
Percentage of concentration risk	53.50%	52%

Description of Business and S_6

Description of Business and Summary of Significant Accounting Policies, Interest-bearing Deposits in Banks (Details)	12 Months Ended
	Dec. 31, 2023
INTEREST-BEARING DEPOSITS IN BANKS [Abstract]
Maturity period of interest bearing deposits	1 year

Description of Business and S_7

Description of Business and Summary of Significant Accounting Policies, Impact of ASU 326 Adoption (Details) - USD ($) $ in Thousands		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Impact of ASU 326 Adoption [Abstract]
Net decrease to retained earnings		$ (82,277)		$ (78,147)
Allowance for credit losses on loans		12,206		10,526		$ 9,865
Commercial and Industrial [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans		573		673		683
Real Estate [Member] | Construction [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				552		459
Real Estate [Member] | Mortgage [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans		2,904	[1]	2,575	[1],[2]	2,390	[2]
Real Estate [Member] | Commercial [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans		5,742	[3]	4,499	[3]	4,787
Consumer [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans	[4]	1,827		2,065		1,362
Other [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans		178		156		184
Unfunded Credit Exposure [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans		0		6		$ 0
Accounting Standards Update 2016-13 [Member]
Impact of ASU 326 Adoption [Abstract]
Total allowance for credit losses				11,568
Accounting Standards Update 2016-13 [Member] | Unfunded Credit Exposure [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on unfunded credit exposure				401
Accounting Standards Update 2016-13 [Member] | Loans [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				11,167
Accounting Standards Update 2016-13 [Member] | Loans [Member] | Commercial and Industrial [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				662
Accounting Standards Update 2016-13 [Member] | Loans [Member] | Real Estate [Member] | Construction [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				571
Accounting Standards Update 2016-13 [Member] | Loans [Member] | Real Estate [Member] | Mortgage [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				2,662
Accounting Standards Update 2016-13 [Member] | Loans [Member] | Real Estate [Member] | Commercial [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				5,547
Accounting Standards Update 2016-13 [Member] | Loans [Member] | Consumer [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				1,700
Accounting Standards Update 2016-13 [Member] | Loans [Member] | Other [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				25
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member]
Impact of ASU 326 Adoption [Abstract]
Total allowance for credit losses				10,577
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Unfunded Credit Exposure [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on unfunded credit exposure				51
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Loans [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				10,526
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Loans [Member] | Commercial and Industrial [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				673
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Loans [Member] | Real Estate [Member] | Construction [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				552
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Loans [Member] | Real Estate [Member] | Mortgage [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				2,575
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Loans [Member] | Real Estate [Member] | Commercial [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				4,499
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Loans [Member] | Consumer [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				2,065
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Loans [Member] | Other [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				162
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member]
Impact of ASU 326 Adoption [Abstract]
Net decrease to retained earnings		$ 783
Allowance for credit losses on loans				641
Total allowance for credit losses				991
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Commercial and Industrial [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				(11)
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Real Estate [Member] | Mortgage [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans	[1]			87
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Real Estate [Member] | Commercial [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans	[3]			1,048
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Consumer [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans	[4]			(365)
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Other [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				(137)
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Unfunded Credit Exposure [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				0
Allowance for credit losses on unfunded credit exposure				350
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Loans [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				641
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Loans [Member] | Commercial and Industrial [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				(11)
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Loans [Member] | Real Estate [Member] | Construction [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				19
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Loans [Member] | Real Estate [Member] | Mortgage [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				87
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Loans [Member] | Real Estate [Member] | Commercial [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				1,048
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Loans [Member] | Consumer [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				(365)
Accounting Standards Update 2016-13 [Member] | Impact of CECL Adoption [Member] | Loans [Member] | Other [Member]
Impact of ASU 326 Adoption [Abstract]
Allowance for credit losses on loans				$ (137)
[1]The real estate-mortgage segment included residential 1-4 family, multi-family, second mortgages and equity lines of credit.[2]The real estate-mortgage segment includes residential 1 – 4 family, multi-family, second mortgages and equity lines of credit.[3] The real estate-commerical segment included commerical-owner occupied and commercial non-owner occupied

Description of Business and S_8

Description of Business and Summary of Significant Accounting Policies, Loans Held for Investment (Details)	12 Months Ended
	Dec. 31, 2023
Commercial Loans [Member]
Financing Receivable, Past Due [Line Items]
Contractually past due period for loans determined to be non-accrual status	90 days
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Contractually past due period for loans determined to be non-accrual status	120 days

Description of Business and S_9

Description of Business and Summary of Significant Accounting Policies, Allowance for Credit Losses on Loans (Details)	12 Months Ended
	Dec. 31, 2023
Description of Business and Summary of Significant Accounting Policies [Abstract]
Term of reasonable and supportable economic forecast period	1 year
Term of straight line reversion period	1 year

Description of Business and _10

Description of Business and Summary of Significant Accounting Policies, Accrued Interest Receivable (Details) $ in Millions	Dec. 31, 2023 USD ($)
Description of Business and Summary of Significant Accounting Policies [Abstract]
Accrued interest receivable, included in other assets	$ 3.5

Description of Business and _11

Description of Business and Summary of Significant Accounting Policies, Premises and Equipment (Details)	Dec. 31, 2023
Buildings and Equipment [Member] | Minimum [Member]
PREMISES AND EQUIPMENT [Abstract]
Estimated useful lives	3 years
Buildings and Equipment [Member] | Maximum [Member]
PREMISES AND EQUIPMENT [Abstract]
Estimated useful lives	39 years
Software [Member] | Minimum [Member]
PREMISES AND EQUIPMENT [Abstract]
Estimated useful lives	3 years
Software [Member] | Maximum [Member]
PREMISES AND EQUIPMENT [Abstract]
Estimated useful lives	5 years

Description of Business and _12

Description of Business and Summary of Significant Accounting Policies, Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
INCOME TAXES [Abstract]
Uncertain tax positions	$ 0	$ 0

Description of Business and _13

Description of Business and Summary of Significant Accounting Policies, Advertising Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
ADVERTISING EXPENSE [Abstract]
Advertising expense	$ 226	$ 202

Description of Business and _14

Description of Business and Summary of Significant Accounting Policies, Recent Significant Accounting Pronouncements (Details)	12 Months Ended
	Dec. 31, 2023
Minimum [Member]
Recent Significant Accounting Pronouncements [Abstract]
Income tax paid percentage	5%

Securities, Amortized Costs and

Securities, Amortized Costs and Fair Values with Gross Unrealized Gains and Losses (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Security	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Abstract]
Amortized Cost	$ 226,468	$ 251,806
Gross unrealized gains	264	10
Gross unrealized (losses)	(22,454)	(26,298)
Fair value	$ 204,278	225,518
Number of securities exceeding ten percent of stockholders' equity | Security	0
Collateral Pledged [Member]
Debt Securities, Available-for-sale [Abstract]
Securities pledged as collateral	$ 81,500	82,600
U.S. Treasury Securities [Member]
Debt Securities, Available-for-sale [Abstract]
Amortized Cost	4,068	8,013
Gross unrealized gains	0	0
Gross unrealized (losses)	(211)	(342)
Fair value	3,857	7,671
Obligations of US Government Agencies [Member]
Debt Securities, Available-for-sale [Abstract]
Amortized Cost	43,233	43,622
Gross unrealized gains	167	10
Gross unrealized (losses)	(665)	(1,233)
Fair value	42,735	42,399
Obligations of State and Political Subdivisions [Member]
Debt Securities, Available-for-sale [Abstract]
Amortized Cost	58,292	70,491
Gross unrealized gains	13	0
Gross unrealized (losses)	(7,708)	(11,107)
Fair value	50,597	59,384
Mortgage-Backed Securities [Member]
Debt Securities, Available-for-sale [Abstract]
Amortized Cost	91,328	99,874
Gross unrealized gains	84	0
Gross unrealized (losses)	(10,105)	(10,961)
Fair value	81,307	88,913
Money Market Investments [Member]
Debt Securities, Available-for-sale [Abstract]
Amortized Cost	2,047	1,816
Gross unrealized gains	0	0
Gross unrealized (losses)	0	0
Fair value	2,047	1,816
Corporate Bonds and Other Securities [Member]
Debt Securities, Available-for-sale [Abstract]
Amortized Cost	27,500	27,990
Gross unrealized gains	0	0
Gross unrealized (losses)	(3,765)	(2,655)
Fair value	$ 23,735	$ 25,335

Securities, Amortized Cost and

Securities, Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Available-for-Sale, Amortized Cost [Abstract]
Due in one year or less	$ 1,570
Due after one year through five years	12,962
Due after five through ten years	63,248
Due after ten years	146,641
Other securities, restricted	2,047
Amortized Cost	226,468	$ 251,806
Available-for-Sale, Fair Value [Abstract]
Due in one year or less	1,541
Due after one year through five years	12,178
Due after five through ten years	54,806
Due after ten years	133,706
Other securities, restricted	2,047
Fair Value	$ 204,278	$ 225,518

Securities, Net Realized Gains

Securities, Net Realized Gains and Losses on Sale of Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale, Realized Gain (Loss) [Abstract]
Realized gains on sales of securities	$ 1,061	$ 0
Realized losses on sales of securities	(1,195)	(1,870)
Net realized gain (loss)	$ (134)	$ (1,870)

Securities, Securities in an Un

Securities, Securities in an Unrealized Loss Position (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Security	Dec. 31, 2022 USD ($) Security
Securities Available-for-Sale, Gross Unrealized Losses [Abstract]
Less than 12 months	$ 187	$ 11,227
12 months or more	22,267	15,071
Total	22,454	26,298
Securities Available-for-Sale, Fair Value [Abstract]
Less than 12 months	13,226	120,887
12 months or more	172,353	94,332
Total	$ 185,579	$ 215,219
Number of securities | Security	150	162
Impairment loss	$ 0
U.S. Treasury Securities [Member]
Securities Available-for-Sale, Gross Unrealized Losses [Abstract]
Less than 12 months	0	$ 342
12 months or more	211	0
Total	211	342
Securities Available-for-Sale, Fair Value [Abstract]
Less than 12 months	0	7,671
12 months or more	3,857	0
Total	$ 3,857	$ 7,671
Number of securities | Security	1	4
Obligations of U.S. Government Agencies [Member]
Securities Available-for-Sale, Gross Unrealized Losses [Abstract]
Less than 12 months	$ 91	$ 258
12 months or more	574	975
Total	665	1,233
Securities Available-for-Sale, Fair Value [Abstract]
Less than 12 months	8,803	13,873
12 months or more	22,817	22,851
Total	$ 31,620	$ 36,724
Number of securities | Security	43	43
Obligations of State and Political Subdivisions [Member]
Securities Available-for-Sale, Gross Unrealized Losses [Abstract]
Less than 12 months	$ 0	$ 5,386
12 months or more	7,708	5,721
Total	7,708	11,107
Securities Available-for-Sale, Fair Value [Abstract]
Less than 12 months	0	33,720
12 months or more	49,597	23,856
Total	$ 49,597	$ 57,576
Number of securities | Security	43	56
Mortgage-Backed Securities [Member]
Securities Available-for-Sale, Gross Unrealized Losses [Abstract]
Less than 12 months	$ 96	$ 4,157
12 months or more	10,009	6,804
Total	10,105	10,961
Securities Available-for-Sale, Fair Value [Abstract]
Less than 12 months	4,423	52,717
12 months or more	73,347	36,196
Total	$ 77,770	$ 88,913
Number of securities | Security	40	38
Corporate Bonds and Other Securities [Member]
Securities Available-for-Sale, Gross Unrealized Losses [Abstract]
Less than 12 months	$ 0	$ 1,084
12 months or more	3,765	1,571
Total	3,765	2,655
Securities Available-for-Sale, Fair Value [Abstract]
Less than 12 months	0	12,906
12 months or more	22,735	11,429
Total	$ 22,735	$ 24,335
Number of securities | Security	23	21
Restricted Securities [Member]
Securities Available-for-Sale, Fair Value [Abstract]
Impairment loss	$ 0

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses on Loans, Outstanding Loans By Segment Type (Details) - USD ($) $ in Thousands		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees	[1]	$ 1,080,252		$ 1,027,085
Less: Allowance for credit losses on loans		12,206		10,526		$ 9,865
Loans, net of allowance and deferred fees	[1]	1,068,046		1,016,559
Overdrawn deposit accounts, excluding internal use accounts		244		269
Net deferred loan costs		1,200		1,000
Mortgage Loans on Real Estate [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		832,748		766,898
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		188,517		169,248
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member]
Portfolio of Loans Held for Investment [Abstract]
Less: Allowance for credit losses on loans		5,742	[2]	4,499	[2]	4,787
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		156,466		184,586
Mortgage Loans on Real Estate [Member] | Commercial - Non-Owner Occupied [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		285,250		245,277
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		29,207		26,675
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		107,179		77,944
Less: Allowance for credit losses on loans		982		552
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		10,148		8,828
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		55,981		54,340
Commercial and Industrial Loans [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		64,112		72,578
Less: Allowance for credit losses on loans		573		673		683
Consumer [Member]
Portfolio of Loans Held for Investment [Abstract]
Less: Allowance for credit losses on loans	[3]	1,827		2,065		1,362
Consumer [Member] | Consumer Automobile Loans [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		160,437		163,018
Consumer [Member] | Other Consumer Loans [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees		19,718		22,251
Other [Member]
Portfolio of Loans Held for Investment [Abstract]
Loans, net of deferred fees	[4]	3,237		2,340
Less: Allowance for credit losses on loans		178		$ 156		$ 184
Overdrawn deposit accounts, excluding internal use accounts		$ 277
[1]Net deferred loan costs totaled $1.2 million and $1.0 million at December 31, 2023 and 2022, respectively. The real estate-commerical segment included commerical-owner occupied and commercial non-owner occupied Overdrawn accounts are reclassified as loans and included in the Other catergory in the table above. Overdrawn deposit accounts, excluding internal use accounts, totaled at December 31, 2023 and 2022, respectively.

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses on Loans, Past Due (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Loans, Aging [Abstract]
Loans	[1]	$ 1,080,252	$ 1,027,085
Nonaccrual	[2]	188	1,243
30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		6,103	2,842
60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		2,299	1,165
90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		1,780	840
Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	1,069,882	1,020,995
Mortgage Loans on Real Estate [Member]
Loans, Aging [Abstract]
Loans		832,748	766,898
Nonaccrual	[2]	188	1,099
Mortgage Loans on Real Estate [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		1,659	591
Mortgage Loans on Real Estate [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		902	288
Mortgage Loans on Real Estate [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		690	525
Mortgage Loans on Real Estate [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	829,309	764,395
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member]
Loans, Aging [Abstract]
Loans		188,517	169,248
Nonaccrual	[2]	142	154
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		1,194	290
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		368	525
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	186,813	168,279
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member]
Loans, Aging [Abstract]
Loans		156,466	184,586
Nonaccrual	[2]	0	0
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		100	20
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		322	0
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	156,044	184,566
Mortgage Loans on Real Estate [Member] | Commercial - Non-Owner Occupied [Member]
Loans, Aging [Abstract]
Loans		285,250	245,277
Nonaccrual	[2]	0	0
Mortgage Loans on Real Estate [Member] | Commercial - Non-Owner Occupied [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	206
Mortgage Loans on Real Estate [Member] | Commercial - Non-Owner Occupied [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		896	0
Mortgage Loans on Real Estate [Member] | Commercial - Non-Owner Occupied [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Commercial - Non-Owner Occupied [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	284,354	245,071
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Loans, Aging [Abstract]
Loans		29,207	26,675
Nonaccrual	[2]	0	0
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	29,207	26,675
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member]
Loans, Aging [Abstract]
Loans		107,179	77,944
Nonaccrual	[2]	0	945
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	107,179	76,999
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member]
Loans, Aging [Abstract]
Loans		10,148	8,828
Nonaccrual	[2]	0	0
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		160	19
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		6	0
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	9,982	8,809
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member]
Loans, Aging [Abstract]
Loans		55,981	54,340
Nonaccrual	[2]	46	0
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		205	56
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	288
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	55,730	53,996
Commercial and Industrial Loans [Member]
Loans, Aging [Abstract]
Loans		64,112	72,578
Nonaccrual	[2]	0	144
Commercial and Industrial Loans [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		527	221
Commercial and Industrial Loans [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		427	284
Commercial and Industrial Loans [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		306	23
Commercial and Industrial Loans [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	62,852	71,906
Consumer [Member] | Consumer Automobile Loans [Member]
Loans, Aging [Abstract]
Loans		160,437	163,018
Nonaccrual	[2]	0	0
Consumer [Member] | Consumer Automobile Loans [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		3,254	1,538
Consumer [Member] | Consumer Automobile Loans [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		706	221
Consumer [Member] | Consumer Automobile Loans [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		661	212
Consumer [Member] | Consumer Automobile Loans [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	155,816	161,047
Consumer [Member] | Other Consumer Loans [Member]
Loans, Aging [Abstract]
Loans		19,718	22,251
Nonaccrual	[2]	0	0
Consumer [Member] | Other Consumer Loans [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		634	445
Consumer [Member] | Other Consumer Loans [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		264	372
Consumer [Member] | Other Consumer Loans [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		123	80
Consumer [Member] | Other Consumer Loans [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	18,697	21,354
Other [Member]
Loans, Aging [Abstract]
Loans	[4]	3,237	2,340
Nonaccrual	[2]	0	0
Other [Member] | 30 - 59 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		29	47
Other [Member] | 60 - 89 Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Other [Member] | 90 or More Days Past Due [Member]
Loans, Aging [Abstract]
Loans		0	0
Other [Member] | Current Loans [Member]
Loans, Aging [Abstract]
Loans	[3]	$ 3,208	$ 2,293
[1]Net deferred loan costs totaled $1.2 million and $1.0 million at December 31, 2023 and 2022, respectively. Overdrawn accounts are reclassified as loans and included in the Other catergory in the table above. Overdrawn deposit accounts, excluding internal use accounts, totaled at December 31, 2023 and 2022, respectively.

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses on Loans, Amortized Cost Basis of Loans on Nonaccrual Status (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Abstract]
Nonaccrual	[1]	$ 188	$ 1,243
Nonaccrual with no ACLL		0
90 Days and still Accruing		1,780
Mortgage Loans on Real Estate [Member]
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Abstract]
Nonaccrual	[1]	188	1,099
Nonaccrual with no ACLL		0
90 Days and still Accruing		690
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member]
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Abstract]
Nonaccrual	[1]	142	154
Nonaccrual with no ACLL		0
90 Days and still Accruing		368
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member]
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Abstract]
Nonaccrual	[1]	0	0
Nonaccrual with no ACLL		0
90 Days and still Accruing		322
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member]
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Abstract]
Nonaccrual	[1]	0	945
Nonaccrual with no ACLL		0
90 Days and still Accruing		0
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member]
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Abstract]
Nonaccrual	[1]	46	0
Nonaccrual with no ACLL		0
90 Days and still Accruing		0
Commercial and Industrial Loans [Member]
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Abstract]
Nonaccrual	[1]	0	144
Nonaccrual with no ACLL		0
90 Days and still Accruing		306
Consumer [Member] | Consumer Automobile Loans [Member]
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Abstract]
Nonaccrual	[1]	0	0
Nonaccrual with no ACLL		0
90 Days and still Accruing		661
Consumer [Member] | Other Consumer Loans [Member]
Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Abstract]
Nonaccrual	[1]	0	$ 0
Nonaccrual with no ACLL		0
90 Days and still Accruing		$ 123
[1]For purposes of this table, if a loan is past due and on nonaccrual, it is included in the nonaccrual column and not also in its respective past due column.

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses on Loans, Allowance for Credit Losses (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		$ 10,526		$ 9,865
Charge-offs		(2,403)		(2,022)
Recoveries		676		977
Provision for credit losses		2,766		1,706
Ending balance		12,206		10,526
Individually evaluated for impairment				30
Collectively evaluated for impairment				10,496
Ending Balance		12,206		10,526
Cumulative Effect, Period of Adoption, Adjustment [Member] | ASC 326 [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		641
Ending balance				641
Ending Balance				641
Commercial and Industrial [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		673		683
Charge-offs		(492)		(297)
Recoveries		69		134
Provision for credit losses		334		153
Ending balance		573		673
Individually evaluated for impairment				0
Collectively evaluated for impairment				673
Ending Balance		573		673
Commercial and Industrial [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ASC 326 [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		(11)
Ending balance				(11)
Ending Balance				(11)
Real Estate [Member] | Construction [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		552		459
Charge-offs				0
Recoveries				0
Provision for credit losses				93
Ending balance				552
Individually evaluated for impairment				6
Collectively evaluated for impairment				546
Ending Balance				552
Real Estate [Member] | Construction and Land Development [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		552
Charge-offs		0
Recoveries		0
Provision for credit losses		411
Ending balance		982		552
Ending Balance		982		552
Real Estate [Member] | Construction and Land Development [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ASC 326 [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		19
Ending balance				19
Ending Balance				19
Real Estate [Member] | Mortgage [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance	[1]	2,575	[2]	2,390
Charge-offs		0	[2]	(25)	[1]
Recoveries		42	[2]	61	[1]
Provision for credit losses		200	[2]	149	[1]
Ending balance	[2]	2,904		2,575	[1]
Individually evaluated for impairment	[1]			21
Collectively evaluated for impairment	[1]			2,554
Ending Balance	[2]	2,904		2,575	[1]
Real Estate [Member] | Mortgage [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ASC 326 [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance	[2]	87
Ending balance	[2]			87
Ending Balance	[2]			87
Real Estate [Member] | Commercial [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		4,499	[3]	4,787
Charge-offs		0	[3]	0
Recoveries		0	[3]	22
Provision for credit losses		195	[3]	(310)
Ending balance	[3]	5,742		4,499
Individually evaluated for impairment				3
Collectively evaluated for impairment				4,496
Ending Balance	[3]	5,742		4,499
Real Estate [Member] | Commercial [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ASC 326 [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance	[3]	1,048
Ending balance	[3]			1,048
Ending Balance	[3]			1,048
Consumer [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance	[4]	2,065		1,362
Charge-offs	[4]	(1,613)		(1,368)
Recoveries	[4]	506		648
Provision for credit losses	[4]	1,234		1,423
Ending balance	[4]	1,827		2,065
Individually evaluated for impairment	[4]			0
Collectively evaluated for impairment	[4]			2,065
Ending Balance	[4]	1,827		2,065
Consumer [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ASC 326 [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance	[4]	(365)
Ending balance	[4]			(365)
Ending Balance	[4]			(365)
Other [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		156		184
Charge-offs		(298)	[5]	(332)
Recoveries		59		112
Provision for credit losses		398		192
Ending balance		178		156
Individually evaluated for impairment				0
Collectively evaluated for impairment				156
Ending Balance		178		156
Other [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ASC 326 [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		(137)
Ending balance				(137)
Ending Balance				(137)
Unallocated [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		6		0
Charge-offs		0		0
Recoveries		0		0
Provision for credit losses		(6)		6
Ending balance		0		6
Individually evaluated for impairment				0
Collectively evaluated for impairment				6
Ending Balance		0		6
Unallocated [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ASC 326 [Member]
Allowance for Credit Losses and Recorded Investment in Loans [Abstract]
Beginning Balance		$ 0
Ending balance				0
Ending Balance				$ 0
[1]The real estate-mortgage segment includes residential 1 – 4 family, multi-family, second mortgages and equity lines of credit.[2]The real estate-mortgage segment included residential 1-4 family, multi-family, second mortgages and equity lines of credit.[3] The real estate-commerical segment included commerical-owner occupied and commercial non-owner occupied for the year ended December 31, 2023

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses on Loans, Breakdown of Provision for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Provision for credit losses [Abstract]
Provision for loans	$ 2,766	$ 1,706
Provision for (recovery of) unfunded commitments	(165)	0
Total	$ 2,601	$ 1,706

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses on Loans, Credit Quality Indicators (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		$ 188,858
2022		274,769
2021		203,777
2020		89,317
2019		46,551
Prior		197,421
Revolving Loans		79,559
Total loans	[1]	1,080,252		$ 1,027,085
Current Period Charge-offs by Origination Year [Abstract]
2023		336
2022		1,444
2021		341
2020		131
2019		21
Prior		130
Revolving Loans Amortized Cost Basis		0
Current period gross charge-offs		2,403		2,022
Demand deposit overdrafts		244		269
Receivables [Abstract]
Gross loan receivables		1,080,252
Collateral [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
Total loans		0
Pass [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		188,858
2022		274,769
2021		203,777
2020		88,967
2019		45,624
Prior		194,204
Revolving Loans		79,559
Total loans		1,075,758
Receivables [Abstract]
Gross loan receivables		1,075,758
OAEM [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		881
Prior		2,985
Revolving Loans		0
Total loans		3,866
Receivables [Abstract]
Gross loan receivables		3,866
Substandard [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		350
2019		46
Prior		232
Revolving Loans		0
Total loans		628
Receivables [Abstract]
Gross loan receivables		628
Mortgage Loans on Real Estate [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
Total loans		832,748		766,898
Receivables [Abstract]
Gross loan receivables		832,748
Mortgage Loans on Real Estate [Member] | Pass [Member]
Receivables [Abstract]
Gross loan receivables		828,254
Mortgage Loans on Real Estate [Member] | OAEM [Member]
Receivables [Abstract]
Gross loan receivables		3,866
Mortgage Loans on Real Estate [Member] | Substandard [Member]
Receivables [Abstract]
Gross loan receivables		628
Mortgage Loans on Real Estate [Member] | Construction [Member]
Current Period Charge-offs by Origination Year [Abstract]
Current period gross charge-offs				0
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		40,168
2022		36,581
2021		25,770
2020		3,630
2019		297
Prior		285
Revolving Loans		448
Total loans		107,179		77,944
Current Period Charge-offs by Origination Year [Abstract]
Current period gross charge-offs		0
Receivables [Abstract]
Gross loan receivables		107,179
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | Pass [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		40,168
2022		36,581
2021		25,770
2020		3,630
2019		297
Prior		285
Revolving Loans		448
Total loans		107,179
Receivables [Abstract]
Gross loan receivables		107,179
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | OAEM [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | Substandard [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member]
Current Period Charge-offs by Origination Year [Abstract]
Current period gross charge-offs		0	[2]	0
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		10,145
2022		33,720
2021		21,058
2020		13,708
2019		12,102
Prior		60,053
Revolving Loans		5,680
Total loans		156,466		184,586
Receivables [Abstract]
Gross loan receivables		156,466
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member] | Pass [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		10,145
2022		33,720
2021		21,058
2020		13,708
2019		12,025
Prior		56,978
Revolving Loans		5,680
Total loans		153,314
Receivables [Abstract]
Gross loan receivables		153,314
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member] | OAEM [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		77
Prior		2,985
Revolving Loans		0
Total loans		3,062
Receivables [Abstract]
Gross loan receivables		3,062
Mortgage Loans on Real Estate [Member] | Commercial - Owner Occupied [Member] | Substandard [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		90
Revolving Loans		0
Total loans		90
Receivables [Abstract]
Gross loan receivables		90
Mortgage Loans on Real Estate [Member] | Commercial - Non-Owner Occupied [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		31,539
2022		53,217
2021		96,755
2020		38,704
2019		11,321
Prior		51,451
Revolving Loans		2,263
Total loans		285,250		245,277
Receivables [Abstract]
Gross loan receivables		285,250
Mortgage Loans on Real Estate [Member] | Commercial - Non-Owner Occupied [Member] | Pass [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		31,539
2022		53,217
2021		96,755
2020		38,704
2019		10,517
Prior		51,451
Revolving Loans		2,263
Total loans		284,446
Receivables [Abstract]
Gross loan receivables		284,446
Mortgage Loans on Real Estate [Member] | Commercial - Non-Owner Occupied [Member] | OAEM [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		804
Prior		0
Revolving Loans		0
Total loans		804
Receivables [Abstract]
Gross loan receivables		804
Mortgage Loans on Real Estate [Member] | Commercial - Non-Owner Occupied [Member] | Substandard [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Mortgage Loans on Real Estate [Member] | Multifamily [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		6,568
2022		3,841
2021		2,151
2020		605
2019		5,955
Prior		9,005
Revolving Loans		1,082
Total loans		29,207		26,675
Receivables [Abstract]
Gross loan receivables		29,207
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | Pass [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		6,568
2022		3,841
2021		2,151
2020		605
2019		5,955
Prior		9,005
Revolving Loans		1,082
Total loans		29,207
Receivables [Abstract]
Gross loan receivables		29,207
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | OAEM [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | Substandard [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		27,497
2022		41,062
2021		39,937
2020		26,718
2019		13,055
Prior		52,290
Revolving Loans		54,087
Total loans		254,646
Receivables [Abstract]
Gross loan receivables		188,517
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | Pass [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		27,497
2022		41,062
2021		39,937
2020		26,368
2019		13,009
Prior		52,148
Revolving Loans		54,087
Total loans		254,108
Receivables [Abstract]
Gross loan receivables		188,025
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | OAEM [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | Substandard [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		350
2019		46
Prior		142
Revolving Loans		0
Total loans		538
Receivables [Abstract]
Gross loan receivables		492
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
Total loans		10,148		8,828
Receivables [Abstract]
Gross loan receivables		10,148
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | Pass [Member]
Receivables [Abstract]
Gross loan receivables		10,148
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | OAEM [Member]
Receivables [Abstract]
Gross loan receivables		0
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | Substandard [Member]
Receivables [Abstract]
Gross loan receivables		0
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
Total loans		55,981		54,340
Receivables [Abstract]
Gross loan receivables		55,981
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member] | Pass [Member]
Receivables [Abstract]
Gross loan receivables		55,935
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member] | OAEM [Member]
Receivables [Abstract]
Gross loan receivables		0
Mortgage Loans on Real Estate [Member] | Equity Lines of Credit [Member] | Substandard [Member]
Receivables [Abstract]
Gross loan receivables		46
Commercial and Industrial Loans [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		18,248
2022		21,698
2021		4,300
2020		1,691
2019		2,192
Prior		2,075
Revolving Loans		13,908
Total loans		64,112		72,578
Current Period Charge-offs by Origination Year [Abstract]
2023		0
2022		436
2021		18
2020		21
2019		0
Prior		17
Revolving Loans Amortized Cost Basis		0
Current period gross charge-offs		492		297
Receivables [Abstract]
Gross loan receivables		64,112
Commercial and Industrial Loans [Member] | Pass [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		18,248
2022		21,698
2021		4,300
2020		1,691
2019		2,192
Prior		2,075
Revolving Loans		13,908
Total loans		64,112
Receivables [Abstract]
Gross loan receivables		64,112
Commercial and Industrial Loans [Member] | OAEM [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Commercial and Industrial Loans [Member] | Substandard [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Consumer [Member]
Current Period Charge-offs by Origination Year [Abstract]
Current period gross charge-offs	[3]	1,613		1,368
Consumer [Member] | Consumer Automobile [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		52,750
2022		83,885
2021		13,184
2020		4,152
2019		1,618
Prior		4,848
Revolving Loans		0
Total loans		160,437		163,018
Current Period Charge-offs by Origination Year [Abstract]
2023		54
2022		987
2021		318
2020		110
2019		18
Prior		64
Revolving Loans Amortized Cost Basis		0
Current period gross charge-offs		1,551
Receivables [Abstract]
Gross loan receivables		160,437
Consumer [Member] | Consumer Automobile [Member] | Pass [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		52,750
2022		83,885
2021		13,184
2020		4,152
2019		1,618
Prior		4,848
Revolving Loans		0
Total loans		160,437
Receivables [Abstract]
Gross loan receivables		160,437
Consumer [Member] | Consumer Automobile [Member] | OAEM [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Consumer [Member] | Consumer Automobile [Member] | Substandard [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Consumer [Member] | Other Consumer Loans [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		323
2022		765
2021		330
2020		109
2019		11
Prior		16,089
Revolving Loans		2,091
Total loans		19,718		22,251
Current Period Charge-offs by Origination Year [Abstract]
2023		5
2022		0
2021		5
2020		0
2019		3
Prior		49
Revolving Loans Amortized Cost Basis		0
Current period gross charge-offs		62
Receivables [Abstract]
Gross loan receivables		19,718
Consumer [Member] | Other Consumer Loans [Member] | Pass [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		323
2022		765
2021		330
2020		109
2019		11
Prior		16,089
Revolving Loans		2,091
Total loans		19,718
Receivables [Abstract]
Gross loan receivables		19,718
Consumer [Member] | Other Consumer Loans [Member] | OAEM [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Consumer [Member] | Other Consumer Loans [Member] | Substandard [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Other [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		1,620
2022		0
2021		292
2020		0
2019		0
Prior		1,325
Revolving Loans		0
Total loans	[4]	3,237		2,340
Current Period Charge-offs by Origination Year [Abstract]
2023	[5]	277
2022	[5]	21
2021	[5]	0
2020	[5]	0
2019	[5]	0
Prior	[5]	0
Revolving Loans Amortized Cost Basis	[5]	0
Current period gross charge-offs		298	[5]	$ 332
Demand deposit overdrafts		277
Receivables [Abstract]
Gross loan receivables		3,237
Other [Member] | Pass [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		1,620
2022		0
2021		292
2020		0
2019		0
Prior		1,325
Revolving Loans		0
Total loans		3,237
Receivables [Abstract]
Gross loan receivables		3,237
Other [Member] | OAEM [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		0
Other [Member] | Substandard [Member]
Term Loans Amortized Cost Basis by Origination Year [Abstract]
2023		0
2022		0
2021		0
2020		0
2019		0
Prior		0
Revolving Loans		0
Total loans		0
Receivables [Abstract]
Gross loan receivables		$ 0
[1]Net deferred loan costs totaled $1.2 million and $1.0 million at December 31, 2023 and 2022, respectively. The real estate-commerical segment included commerical-owner occupied and commercial non-owner occupied Overdrawn accounts are reclassified as loans and included in the Other catergory in the table above. Overdrawn deposit accounts, excluding internal use accounts, totaled at December 31, 2023 and 2022, respectively. for the year ended December 31, 2023

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses on Loans, Impaired Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Receivables [Abstract]
Unpaid principal balance	$ 2,180
Recorded investment, without valuation allowance	1,072
Recorded investment, with valuation allowance	784
Associated allowance	30
Average recorded investment	2,054
Interest income recognized	15
Mortgage Loans on Real Estate [Member]
Receivables [Abstract]
Unpaid principal balance	2,036
Recorded investment, without valuation allowance	928
Recorded investment, with valuation allowance	784
Associated allowance	30
Average recorded investment	1,910
Interest income recognized	10
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member]
Receivables [Abstract]
Unpaid principal balance	285
Recorded investment, without valuation allowance	44
Recorded investment, with valuation allowance	235
Associated allowance	21
Average recorded investment	282
Interest income recognized	7
Mortgage Loans on Real Estate [Member] | Commercial [Member]
Receivables [Abstract]
Unpaid principal balance	430
Recorded investment, without valuation allowance	55
Recorded investment, with valuation allowance	358
Associated allowance	3
Average recorded investment	420
Interest income recognized	0
Mortgage Loans on Real Estate [Member] | Construction [Member]
Receivables [Abstract]
Unpaid principal balance	1,321
Recorded investment, without valuation allowance	829
Recorded investment, with valuation allowance	191
Associated allowance	6
Average recorded investment	1,208
Interest income recognized	3
Commercial and Industrial Loans [Member]
Receivables [Abstract]
Unpaid principal balance	144
Recorded investment, without valuation allowance	144
Recorded investment, with valuation allowance	0
Associated allowance	0
Average recorded investment	144
Interest income recognized	$ 5

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Premises and equipment consisted of [Abstract]
Premises and equipment, gross	$ 66,633	$ 65,581
Less accumulated depreciation and amortization	36,720	34,573
Balance at end of year	29,913	31,008
Depreciation expense	2,148	2,073
Land [Member]
Premises and equipment consisted of [Abstract]
Premises and equipment, gross	7,062	7,062
Buildings [Member]
Premises and equipment consisted of [Abstract]
Premises and equipment, gross	34,297	34,187
Construction in Process [Member]
Premises and equipment consisted of [Abstract]
Premises and equipment, gross	281	335
Leasehold Improvements [Member]
Premises and equipment consisted of [Abstract]
Premises and equipment, gross	1,151	1,130
Furniture, Fixtures and Equipment [Member]
Premises and equipment consisted of [Abstract]
Premises and equipment, gross	$ 23,842	$ 22,867

Leases, Information About Lease

Leases, Information About Leases (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Lease
Assets and Liabilities, Lessee [Abstract]
Number of new leases | Lease	0
Information about Leases [Abstract]
Lease liabilities	$ 1,248
Operating Lease, Liability, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilities
Right-of-use assets	$ 1,148
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets
Weighted average remaining lease term	3 years 4 months 13 days
Weighted average discount rate	3.06%

Leases, Lease Cost (Details)

Leases, Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lease cost [Abstract]
Operating lease cost	$ 439	$ 349
Total lease cost	439	349
Cash paid for amounts included in the measurement of lease liabilities	$ 417	$ 351

Leases, Maturity of Operating L

Leases, Maturity of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lease payments due [Abstract]
Twelve months ending December 31, 2024	$ 423
Twelve months ending December 31, 2025	382
Twelve months ending December 31, 2026	278
Twelve months ending December 31, 2027	208
Thereafter	24
Total undiscounted cash flows	1,315
Discount	(67)
Lease liabilities	1,248
Rental expense of premises and equipment	$ 446	$ 415

Low-Income Housing Tax Credit_2

Low-Income Housing Tax Credits (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Fund	Dec. 31, 2022 USD ($) Fund
Low-Income Housing Tax Credits [Abstract]
Number of housing equity funds | Fund	4	4
Low-income housing investment	$ 1,100	$ 1,400
Additional committed capital calls expected	0	0
Amortization expense	367	425
Tax credits and other benefits [Abstract]
Amortization of operating losses	367	425
Tax benefit of operating losses	77	89
Tax credits	309	349
Total tax benefits	$ 386	$ 438

Deposits (Details)

Deposits (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Customer	Dec. 31, 2022 USD ($)
Deposits [Abstract]
Time deposits threshold	$ 250	$ 250
Aggregate amount of time deposits in denominations of $250 thousand or more	$ 75,900	47,300
Number of single customer relationships that exceeded deposit limit | Customer	0
Percentage of total deposits	5%
Maturities of time deposits [Abstract]
2024	$ 200,113
2025	23,567
2026	8,088
2027	8,851
2028	2,092
Balance at end of year	$ 242,711	$ 152,910

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Thousands		12 Months Ended
	Jul. 14, 2021	Dec. 31, 2023	Dec. 31, 2022
Borrowings and FHLB Advances [Abstract]
Available federal funds lines		$ 90,000	$ 103,600
Available credit with FHLB		362,100	346,500
Short-Term Borrowings [Abstract]
Federal funds purchased		0	11,378
Overnight repurchase agreements		2,383	4,987
Federal Home Loan Bank advances		9,450	46,100
Total short-term borrowings		11,833	62,465
Maximum month-end outstanding balance (year-to-date)		84,360	62,465
Average outstanding balance during the period		$ 53,466	$ 11,776
Average interest rate (year-to-date)		4.90%	2.34%
Average interest rate at end of period		5.65%	4.58%
Maximum [Member]
Borrowings and FHLB Advances [Abstract]
Overnight repurchase agreements maturity period		4 days
Minimum [Member]
Borrowings and FHLB Advances [Abstract]
Overnight repurchase agreements maturity period		1 day
Federal Home Loan Bank Advances [Member]
Long-Term Borrowings [Abstract]
Long term borrowings, net of issuance costs		$ 60,000	$ 0
Loan maturity date		Nov. 29, 2028
Federal Home Loan Bank Advances [Member] | Maximum [Member]
Long-Term Borrowings [Abstract]
Interest rate		4.28%
Federal Home Loan Bank Advances [Member] | Minimum [Member]
Long-Term Borrowings [Abstract]
Interest rate		3.37%
The Notes [Member] | Subordinated Debt [Member]
Long-Term Borrowings [Abstract]
Long term borrowings, net of issuance costs	$ 29,400
Principal amount	$ 30,000
Loan maturity date		Dec. 31, 2031
Interest rate	3.50%
Fixed interest rate, period		5 years
The Notes [Member] | Subordinated Debt [Member] | SOFR [Member]
Long-Term Borrowings [Abstract]
Term of variable rate		3 months
Debt instrument, basis spread on variable rate	2.86%

Share-Based Compensation (Detai

Share-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Weighted Average Grant Date Fair Value [Abstract]
Stock-based compensation expense	$ 546	$ 416
Restricted Stock [Member]
Shares [Roll Forward]
Nonvested balance at beginning of period (in shares)	46,989
Issued (in shares)	35,763
Vested (in shares)	(26,916)
Forfeited (in shares)	(2,176)
Nonvested balance at end of period (in shares)	53,660	46,989
Weighted Average Grant Date Fair Value [Abstract]
Nonvested balance at beginning of period (in dollars per share)	$ 22.49
Issued (in dollars per share)	17.21
Vested (in dollars per share)	20.14
Forfeited (in dollars per share)	18.25
Nonvested balance at end of period (in dollars per share)	$ 20.32	$ 22.49
Weighted-average remaining vesting period for recognition	1 year 5 months 4 days
Fair value of restricted stock granted	$ 615	$ 558
Unrecognized stock-based compensation expense	$ 523	$ 493
Employee Stock Purchase Plan [Member]
Weighted Average Grant Date Fair Value [Abstract]
Discount from market price at date of purchase		5%
Total stock purchases under the plan (in shares)	7,425	5,765
Shares reserved for issuance (in shares)	214,353
Employee Stock Purchase Plan [Member] | Minimum [Member]
Weighted Average Grant Date Fair Value [Abstract]
Discount from market price at date of purchase	0%
Employee Stock Purchase Plan [Member] | Maximum [Member]
Weighted Average Grant Date Fair Value [Abstract]
Discount from market price at date of purchase	15%
Incentive Stock Plan [Member]
Incentive Stock Plan [Abstract]
Shares available for grant (in shares)	300,000

Stockholders' Equity and Earn_3

Stockholders' Equity and Earnings per Common Share, Amounts Reclassified Out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Sale of Securities [Abstract]
Realized loss on sale of securities	$ (134)	$ (1,870)
Tax effect	(28)	(393)
Total	$ (106)	$ (1,477)

Stockholders' Equity and Earn_4

Stockholders' Equity and Earnings per Common Share, Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Stockholders Equity Note [Abstract]
Beginning Balance	$ 98,734	$ 120,818
Ending Balance	106,778	98,734
Other comprehensive income (Loss), pretax [Abstract]
Unrealized holding gains (losses) arising during the period, pretax	3,964	(30,382)
Reclassification adjustment for losses recognized in income, pretax	134	1,870
Total change in accumulated other comprehensive income (loss), net, pretax	4,098	(28,512)
Other Comprehensive Income (Loss), Tax Effect [Abstract]
Unrealized holding gains (losses) arising during the period, tax effect	(833)	6,463
Reclassification adjustment for losses recognized in income, tax effect	(28)	(393)
Total change in accumulated other comprehensive income (loss), net, tax effect	(861)	6,070
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized holding gains (losses) arising during the period, net of tax	3,131	(23,919)
Reclassification adjustment for losses recognized in income, net of tax	106	1,477
Other comprehensive income (loss), net of tax	3,237	(22,442)
Unrealized Gains (Losses) on Available-for-Sale Securities [Member]
Stockholders Equity Note [Abstract]
Beginning Balance	(20,767)	1,675
Net other comprehensive income (loss)	3,237	(22,442)
Ending Balance	(17,530)	(20,767)
Accumulated Other Comprehensive (Loss) Income [Member]
Stockholders Equity Note [Abstract]
Beginning Balance	(20,767)	1,675
Net other comprehensive income (loss)	3,237	(22,442)
Ending Balance	(17,530)	(20,767)
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other comprehensive income (loss), net of tax	$ 3,237	$ (22,442)

Stockholders' Equity and Earn_5

Stockholders' Equity and Earnings per Common Share, Earnings Per Common Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Common Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Direct or indirect loans to principal shareholders, executive officers or directors, maximum	10%
Schedule of Annual activity [Roll Forward]
Balance, beginning of year	$ 2,724	$ 1,889
Additions	198	1,092
Reductions	(755)	(257)
Balance, end of year	2,167	2,724
Deposits from related parties	$ 11,700	$ 24,500

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Components of income tax expense [Abstract]
Current income tax expense	$ 1,422	$ 1,525
Deferred income tax benefit	(88)	(51)
Reported income tax expense	1,334	1,474
Reconciliation of expected federal income tax expense [Abstract]
Federal statutory rate times financial statement income	1,903	2,222
Low-income housing tax credits	(309)	(349)
Tax-exempt interest income, net	(70)	(220)
Bank-owned life insurance	(218)	(191)
Other, net	28	12
Reported income tax expense	$ 1,334	$ 1,474
Effective Income Tax Rate Reconciliation [Abstract]
Effective tax rate	14.70%	13.90%
Deferred tax assets [Abstract]
Allowance for credit losses	$ 2,563	$ 2,211
Nonaccrual loans	56	9
Net operating losses	540	574
Investments in pass-through entities	355	320
Unrealized losses on securities available-for-sale	4,660	5,520
Stock awards	140	117
Other accrued compensation	272	498
Deferred loan fees and costs	258	217
Lease liability	262	343
Other	49	11
Total	9,155	9,820
Deferred tax liabilities [Abstract]
Premises and equipment	606	606
Acquisition accounting	39	49
Right of use asset	241	332
Total	886	987
Net deferred tax assets	$ 8,269	$ 8,833

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments to extend credit [Abstract]
Commitments to extend credit	$ 213,725	$ 206,571
Home Equity Lines of Credit [Member]
Commitments to extend credit [Abstract]
Commitments to extend credit	91,885	87,722
Commercial Real Estate, Construction and Development Loans Committed but not Funded [Member]
Commitments to extend credit [Abstract]
Commitments to extend credit	74,218	67,107
Other Lines of Credit (Principally Commercial) [Member]
Commitments to extend credit [Abstract]
Commitments to extend credit	47,622	51,742
Letters of Credit [Member]
Commitments to extend credit [Abstract]
Commitments to extend credit	$ 802	$ 904
Standby Letters of Credit [Member]
Commitments to extend credit [Abstract]
Typical expiration period	1 year

Fair Value Measurements, Recurr

Fair Value Measurements, Recurring and Nonrecurring Basis (Details) $ in Thousands		Dec. 31, 2023 USD ($) Model	Dec. 31, 2022 USD ($)
Fair Value Measurements [Abstract]
Number of models used for estimating fair value of assets and liabilities | Model		2
Assets [Abstract]
Securities available-for-sale		$ 204,278	$ 225,518
Derivative [Abstract]
Loans held for sale		470	421
Loans	[1]	1,080,252	1,027,085
Collateral [Member]
Derivative [Abstract]
Loans		0
U.S. Treasury Securities [Member]
Assets [Abstract]
Securities available-for-sale		3,857	7,671
Obligations of U.S. Government Agencies [Member]
Assets [Abstract]
Securities available-for-sale		42,735	42,399
Obligations of State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale		50,597	59,384
Mortgage-Backed Securities [Member]
Assets [Abstract]
Securities available-for-sale		81,307	88,913
Money Market Investments [Member]
Assets [Abstract]
Securities available-for-sale		2,047	1,816
Interest Rate Lock [Member]
Derivatives [Abstract]
Derivative assets		10	23
Interest Rate Swap on Loans [Member]
Derivatives [Abstract]
Derivative assets		1,249	1,447
Derivative [Abstract]
Derivative liabilities		1,249	1,447
Recurring [Member]
Assets [Abstract]
Securities available-for-sale		204,278	225,518
Derivatives [Abstract]
Total assets		205,537	226,988
Derivative [Abstract]
Total liabilities		1,249	1,447
Recurring [Member] | U.S. Treasury Securities [Member]
Assets [Abstract]
Securities available-for-sale		3,857	7,671
Recurring [Member] | Obligations of U.S. Government Agencies [Member]
Assets [Abstract]
Securities available-for-sale		42,735	42,399
Recurring [Member] | Obligations of State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale		50,597	59,384
Recurring [Member] | Mortgage-Backed Securities [Member]
Assets [Abstract]
Securities available-for-sale		81,307	88,913
Recurring [Member] | Money Market Investments [Member]
Assets [Abstract]
Securities available-for-sale		2,047	1,816
Recurring [Member] | Corporate Bonds and Other Securities [Member]
Assets [Abstract]
Securities available-for-sale		23,735	25,335
Recurring [Member] | Interest Rate Lock [Member]
Derivatives [Abstract]
Derivative assets		10	23
Recurring [Member] | Interest Rate Swap on Loans [Member]
Derivatives [Abstract]
Derivative assets		1,249	1,447
Derivative [Abstract]
Derivative liabilities		1,249	1,447
Nonrecurring [Member]
Derivative [Abstract]
Impaired loans			110
Loans held for sale		470	421
Nonrecurring [Member] | Construction [Member]
Derivative [Abstract]
Impaired loans			110
Level 1 [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Derivative [Abstract]
Loans held for sale		0	0
Level 1 [Member] | Interest Rate Lock [Member]
Derivatives [Abstract]
Derivative assets		0	0
Level 1 [Member] | Interest Rate Swap on Loans [Member]
Derivatives [Abstract]
Derivative assets		0	0
Derivative [Abstract]
Derivative liabilities		0	0
Level 1 [Member] | Recurring [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Derivatives [Abstract]
Total assets		0	0
Derivative [Abstract]
Total liabilities		0	0
Level 1 [Member] | Recurring [Member] | U.S. Treasury Securities [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 1 [Member] | Recurring [Member] | Obligations of U.S. Government Agencies [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 1 [Member] | Recurring [Member] | Obligations of State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 1 [Member] | Recurring [Member] | Mortgage-Backed Securities [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 1 [Member] | Recurring [Member] | Money Market Investments [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 1 [Member] | Recurring [Member] | Corporate Bonds and Other Securities [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 1 [Member] | Recurring [Member] | Interest Rate Lock [Member]
Derivatives [Abstract]
Derivative assets		0	0
Level 1 [Member] | Recurring [Member] | Interest Rate Swap on Loans [Member]
Derivatives [Abstract]
Derivative assets		0	0
Derivative [Abstract]
Derivative liabilities		0	0
Level 1 [Member] | Nonrecurring [Member]
Derivative [Abstract]
Impaired loans			0
Loans held for sale		0	0
Level 1 [Member] | Nonrecurring [Member] | Construction [Member]
Derivative [Abstract]
Impaired loans			0
Level 2 [Member]
Assets [Abstract]
Securities available-for-sale		204,278	225,518
Derivative [Abstract]
Loans held for sale		470	421
Level 2 [Member] | Interest Rate Lock [Member]
Derivatives [Abstract]
Derivative assets		10	23
Level 2 [Member] | Interest Rate Swap on Loans [Member]
Derivatives [Abstract]
Derivative assets		1,249	1,447
Derivative [Abstract]
Derivative liabilities		1,249	1,447
Level 2 [Member] | Recurring [Member]
Assets [Abstract]
Securities available-for-sale		204,278	225,518
Derivatives [Abstract]
Total assets		205,537	226,988
Derivative [Abstract]
Total liabilities		1,249	1,447
Level 2 [Member] | Recurring [Member] | U.S. Treasury Securities [Member]
Assets [Abstract]
Securities available-for-sale		3,857	7,671
Level 2 [Member] | Recurring [Member] | Obligations of U.S. Government Agencies [Member]
Assets [Abstract]
Securities available-for-sale		42,735	42,399
Level 2 [Member] | Recurring [Member] | Obligations of State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale		50,597	59,384
Level 2 [Member] | Recurring [Member] | Mortgage-Backed Securities [Member]
Assets [Abstract]
Securities available-for-sale		81,307	88,913
Level 2 [Member] | Recurring [Member] | Money Market Investments [Member]
Assets [Abstract]
Securities available-for-sale		2,047	1,816
Level 2 [Member] | Recurring [Member] | Corporate Bonds and Other Securities [Member]
Assets [Abstract]
Securities available-for-sale		23,735	25,335
Level 2 [Member] | Recurring [Member] | Interest Rate Lock [Member]
Derivatives [Abstract]
Derivative assets		10	23
Level 2 [Member] | Recurring [Member] | Interest Rate Swap on Loans [Member]
Derivatives [Abstract]
Derivative assets		1,249	1,447
Derivative [Abstract]
Derivative liabilities		1,249	1,447
Level 2 [Member] | Nonrecurring [Member]
Derivative [Abstract]
Impaired loans			0
Loans held for sale		470	421
Level 2 [Member] | Nonrecurring [Member] | Construction [Member]
Derivative [Abstract]
Impaired loans			0
Level 3 [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Derivative [Abstract]
Loans held for sale		0	0
Level 3 [Member] | Interest Rate Lock [Member]
Derivatives [Abstract]
Derivative assets		0	0
Level 3 [Member] | Interest Rate Swap on Loans [Member]
Derivatives [Abstract]
Derivative assets		0	0
Derivative [Abstract]
Derivative liabilities		0	0
Level 3 [Member] | Recurring [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Derivatives [Abstract]
Total assets		0	0
Derivative [Abstract]
Total liabilities		0	0
Level 3 [Member] | Recurring [Member] | U.S. Treasury Securities [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 3 [Member] | Recurring [Member] | Obligations of U.S. Government Agencies [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 3 [Member] | Recurring [Member] | Obligations of State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 3 [Member] | Recurring [Member] | Mortgage-Backed Securities [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 3 [Member] | Recurring [Member] | Money Market Investments [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 3 [Member] | Recurring [Member] | Corporate Bonds and Other Securities [Member]
Assets [Abstract]
Securities available-for-sale		0	0
Level 3 [Member] | Recurring [Member] | Interest Rate Lock [Member]
Derivatives [Abstract]
Derivative assets		0	0
Level 3 [Member] | Recurring [Member] | Interest Rate Swap on Loans [Member]
Derivatives [Abstract]
Derivative assets		0	0
Derivative [Abstract]
Derivative liabilities		0	0
Level 3 [Member] | Nonrecurring [Member]
Derivative [Abstract]
Impaired loans			110
Loans held for sale		0	0
Other real estate owned		$ 0	0
Level 3 [Member] | Nonrecurring [Member] | Construction [Member]
Derivative [Abstract]
Impaired loans			$ 110
[1]Net deferred loan costs totaled $1.2 million and $1.0 million at December 31, 2023 and 2022, respectively.

Fair Value Measurements, Quanti

Fair Value Measurements, Quantitative Information (Details) - Construction [Member] - Market Comparables [Member] $ in Thousands	Dec. 31, 2022 USD ($)
Selling Costs [Member] | Minimum [Member]
Investments, Fair Value Disclosure [Abstract]
Impaired Loans Measurement Input	0.03
Selling Costs [Member] | Maximum [Member]
Investments, Fair Value Disclosure [Abstract]
Impaired Loans Measurement Input	0.08
Selling Costs [Member] | Weighted Average [Member]
Investments, Fair Value Disclosure [Abstract]
Impaired Loans Measurement Input	0.0725
Nonrecurring [Member]
Investments, Fair Value Disclosure [Abstract]
Impaired Loans Fair Value	$ 110

Fair Value Measurements, Estima

Fair Value Measurements, Estimated Fair Value and Related Carrying or Notional Amounts (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets [Abstract]
Cash and cash equivalents	$ 78,759	$ 19,250
Securities available-for-sale	204,278	225,518
Restricted securities	5,176	3,434
Loans held for sale	470	421
Loans, net	1,068,046	1,016,559
Bank owned life insurance	35,088	34,049
Accrued interest receivable	4,921	4,253
Liabilities [Abstract]
Deposits	1,230,397	1,156,019
Federal funds purchased		11,378
Overnight repurchase agreements	2,383	4,987
Federal Home Loan Bank advances	69,450
Federal Reserve Bank borrowings		46,100
Long term borrowings	29,668	29,538
Accrued interest payable	1,972	834
Interest Rate Lock [Member]
Assets [Abstract]
Derivatives	10	23
Interest Rate Swap on Loans [Member]
Assets [Abstract]
Derivatives	1,249	1,447
Liabilities [Abstract]
Derivative	1,249	1,447
Level 1 [Member]
Assets [Abstract]
Cash and cash equivalents	78,759	19,250
Securities available-for-sale	0	0
Restricted securities	0	0
Loans held for sale	0	0
Loans, net	0	0
Bank owned life insurance	0	0
Accrued interest receivable	0	0
Liabilities [Abstract]
Deposits	0	0
Federal funds purchased		0
Overnight repurchase agreements	0	0
Federal Home Loan Bank advances	0
Federal Reserve Bank borrowings		0
Long term borrowings	0	0
Accrued interest payable	0	0
Level 1 [Member] | Interest Rate Lock [Member]
Assets [Abstract]
Derivatives	0	0
Level 1 [Member] | Interest Rate Swap on Loans [Member]
Assets [Abstract]
Derivatives	0	0
Liabilities [Abstract]
Derivative	0	0
Level 2 [Member]
Assets [Abstract]
Cash and cash equivalents	0	0
Securities available-for-sale	204,278	225,518
Restricted securities	5,176	3,434
Loans held for sale	470	421
Loans, net	0	0
Bank owned life insurance	35,088	34,049
Accrued interest receivable	4,921	4,253
Liabilities [Abstract]
Deposits	1,228,477	1,156,547
Federal funds purchased		11,378
Overnight repurchase agreements	2,383	4,987
Federal Home Loan Bank advances	69,450
Federal Reserve Bank borrowings		46,100
Long term borrowings	25,561	25,539
Accrued interest payable	1,972	834
Level 2 [Member] | Interest Rate Lock [Member]
Assets [Abstract]
Derivatives	10	23
Level 2 [Member] | Interest Rate Swap on Loans [Member]
Assets [Abstract]
Derivatives	1,249	1,447
Liabilities [Abstract]
Derivative	1,249	1,447
Level 3 [Member]
Assets [Abstract]
Cash and cash equivalents	0	0
Securities available-for-sale	0	0
Restricted securities	0	0
Loans held for sale	0	0
Loans, net	1,025,622	996,807
Bank owned life insurance	0	0
Accrued interest receivable	0	0
Liabilities [Abstract]
Deposits	0	0
Federal funds purchased		0
Overnight repurchase agreements	0	0
Federal Home Loan Bank advances	0
Federal Reserve Bank borrowings		0
Long term borrowings	0	0
Accrued interest payable	0	0
Level 3 [Member] | Interest Rate Lock [Member]
Assets [Abstract]
Derivatives	0	0
Level 3 [Member] | Interest Rate Swap on Loans [Member]
Assets [Abstract]
Derivatives	0	0
Liabilities [Abstract]
Derivative	$ 0	$ 0

Regulatory Matters (Details)

Regulatory Matters (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Common Equity Tier 1 Capital to Risk Weighted Assets, Ratio [Abstract]
Common Equity Tier 1 Capital to Risk-Weighted Assets, Regulatory Minimums	0.045	0.045
Common Equity Tier 1 Capital to Risk-Weighted Assets, Ratio	0.1145	0.108
Tier 1 Capital to Risk Weighted Assets, Ratio [Abstract]
Tier 1 Capital to Risk-Weighted Assets, Regulatory Minimums	0.06	0.06
Tier 1 Capital to Risk-Weighted Assets, Ratio	0.1145	0.108
Total Capital to Risk Weighted Assets, Ratio [Abstract]
Total Capital to Risk-Weighted Assets, Regulatory Minimums	0.08	0.08
Total Capital to Risk-Weighted Assets, Ratio	0.1246	0.117
Tier 1 Capital to Average Assets, Ratio [Abstract]
Tier 1 Leverage to Average Assets, Regulatory Minimums	0.04	0.04
Tier 1 Leverage to Average Assets, Ratio	0.0946	0.0943
Risk Weighted Assets	$ 1,222,320	$ 1,177,600
Base III Capital Rules [Abstract]
Capital conservation buffer, risk-based capital ratio	2.5
Capital conservation buffer, Common Equity Tier 1 risk-based ratio	7
Capital conservation buffer, Tier 1 risk-based ratio	8.5
Capital conservation buffer, Total capital risk-based ratio	10.5
Amount available for dividend distribution without prior approval from regulatory agency	$ 19,800

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Segment Area	Dec. 31, 2022 USD ($)
Segment Reporting [Abstract]
Number of principal business segments | Segment	3
Revenues [Abstract]
Interest and dividend income	$ 66,626	$ 48,043
Total operating income	80,499	61,548
Expenses [Abstract]
Interest expense	18,427	3,605
Provision for credit losses	2,601	1,706
Salaries and employee benefits	30,429	27,055
Other expenses	19,978	18,600
Total operating expenses	71,435	50,966
Income before income taxes	9,064	10,582
Income tax expense (benefit)	1,334	1,474
Net income	7,730	9,108
Capital expenditures	1,053	1,354
Total assets	$ 1,446,382	1,355,335
Number of geographical areas in which an entity operates | Area	1
Income from Fiduciary Activities [Member]
Revenues [Abstract]
Noninterest revenue	$ 4,632	4,097
Other Income [Member]
Revenues [Abstract]
Noninterest revenue	9,241	9,408
Operating Segments [Member] | Bank [Member]
Revenues [Abstract]
Interest and dividend income	66,484	47,963
Total operating income	74,874	56,270
Expenses [Abstract]
Interest expense	17,246	2,424
Provision for credit losses	2,601	1,706
Salaries and employee benefits	25,526	22,751
Other expenses	18,447	17,135
Total operating expenses	63,820	44,016
Income before income taxes	11,054	12,254
Income tax expense (benefit)	1,754	1,822
Net income	9,300	10,432
Capital expenditures	1,053	1,341
Total assets	1,437,603	1,347,151
Operating Segments [Member] | Bank [Member] | Income from Fiduciary Activities [Member]
Revenues [Abstract]
Noninterest revenue	0	0
Operating Segments [Member] | Bank [Member] | Other Income [Member]
Revenues [Abstract]
Noninterest revenue	8,390	8,307
Operating Segments [Member] | Wealth [Member]
Revenues [Abstract]
Interest and dividend income	142	80
Total operating income	5,687	5,339
Expenses [Abstract]
Interest expense	0	0
Provision for credit losses	0	0
Salaries and employee benefits	4,138	3,613
Other expenses	1,344	1,164
Total operating expenses	5,482	4,777
Income before income taxes	205	562
Income tax expense (benefit)	43	121
Net income	162	441
Capital expenditures	0	13
Total assets	7,235	7,048
Operating Segments [Member] | Wealth [Member] | Income from Fiduciary Activities [Member]
Revenues [Abstract]
Noninterest revenue	4,632	4,097
Operating Segments [Member] | Wealth [Member] | Other Income [Member]
Revenues [Abstract]
Noninterest revenue	913	1,162
Operating Segments [Member] | Parent [Member]
Revenues [Abstract]
Interest and dividend income	9,462	10,873
Total operating income	9,662	11,073
Expenses [Abstract]
Interest expense	1,181	1,181
Provision for credit losses	0	0
Salaries and employee benefits	765	691
Other expenses	449	562
Total operating expenses	2,395	2,434
Income before income taxes	7,267	8,639
Income tax expense (benefit)	(463)	(469)
Net income	7,730	9,108
Capital expenditures	0	0
Total assets	137,004	128,849
Operating Segments [Member] | Parent [Member] | Income from Fiduciary Activities [Member]
Revenues [Abstract]
Noninterest revenue	0	0
Operating Segments [Member] | Parent [Member] | Other Income [Member]
Revenues [Abstract]
Noninterest revenue	200	200
Eliminations [Member]
Revenues [Abstract]
Interest and dividend income	(9,462)	(10,873)
Total operating income	(9,724)	(11,134)
Expenses [Abstract]
Interest expense	0	0
Provision for credit losses	0	0
Salaries and employee benefits	0	0
Other expenses	(262)	(261)
Total operating expenses	(262)	(261)
Income before income taxes	(9,462)	(10,873)
Income tax expense (benefit)	0	0
Net income	(9,462)	(10,873)
Capital expenditures	0	0
Total assets	(135,460)	(127,713)
Eliminations [Member] | Income from Fiduciary Activities [Member]
Revenues [Abstract]
Noninterest revenue	0	0
Eliminations [Member] | Other Income [Member]
Revenues [Abstract]
Noninterest revenue	$ (262)	$ (261)

Condensed Financial Statement_3

Condensed Financial Statements of Parent Company, Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets [Abstract]
Cash and cash equivalents	$ 78,759	$ 19,250
Other assets	22,471	22,228
Total assets	1,446,382	1,355,335
Liabilities and Stockholders' Equity [Abstract]
Other borrowings	29,668	29,538
Other liability	7,706	8,579
Common stock	24,932	24,761
Additional paid-in capital	17,099	16,593
Retained earnings	82,277	78,147
Accumulated other comprehensive loss	(17,530)	(20,767)
Total liabilities and stockholders' equity	1,446,382	1,355,335
Parent Company [Member]
Assets [Abstract]
Cash and cash equivalents	3,977	12,255
Investment in common stock of subsidiaries	131,219	115,303
Other assets	1,808	1,291
Total assets	137,004	128,849
Liabilities and Stockholders' Equity [Abstract]
Other borrowings	29,668	29,538
Other liability	558	577
Common stock	24,932	24,761
Additional paid-in capital	17,099	16,593
Retained earnings	82,277	78,147
Accumulated other comprehensive loss	(17,530)	(20,767)
Total liabilities and stockholders' equity	$ 137,004	$ 128,849

Condensed Financial Statement_4

Condensed Financial Statements of Parent Company, Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income [Abstract]
Other income	$ 326	$ 87
Total interest and dividend income	66,626	48,043
Expenses [Abstract]
Salary and benefits	30,429	27,055
Legal expenses	2,664	2,673
Other operating expenses	4,133	3,729
Total noninterest expense	50,407	45,655
Income before income taxes	9,064	10,582
Income tax benefit	1,334	1,474
Net income	7,730	9,108
Parent Company [Member]
Income [Abstract]
Dividends from subsidiary	3,000	3,250
Other income	200	200
Total interest and dividend income	3,200	3,450
Expenses [Abstract]
Salary and benefits	765	691
Subordinated debt	1,181	1,181
Legal expenses	174	298
Service fees	146	142
Other operating expenses	129	122
Total noninterest expense	2,395	2,434
Income before income taxes	805	1,016
Income tax benefit	(463)	(469)
Net income before equity in undistributed net income of subsidiaries	1,268	1,485
Equity in undistributed net income of subsidiaries	6,462	7,623
Net income	$ 7,730	$ 9,108

Condensed Financial Statement_5

Condensed Financial Statements of Parent Company, Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities [Abstract]
Net income	$ 7,730	$ 9,108
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]
Amortization of subordinated debt issuance costs	130	131
Stock compensation expense	546	416
Increase in other assets	(1,093)	(1,371)
Net cash provided by operating activities	10,996	17,565
Cash flows from investing activities [Abstract]
Net cash used in investing activities	(32,547)	(213,440)
Cash flows from financing activities [Abstract]
Repurchase and retirement of common stock	0	(6,655)
Cash dividends paid on common stock	(2,817)	(2,640)
Net cash provided by financing activities	81,060	27,203
Net increase (decrease) in cash and cash equivalents	59,509	(168,672)
Cash and cash equivalents at beginning of period	19,250	187,922
Cash and cash equivalents at end of period	78,759	19,250
Parent Company [Member]
Cash flows from operating activities [Abstract]
Net income	7,730	9,108
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]
Equity in undistributed net income of subsidiaries	(6,462)	(7,623)
Amortization of subordinated debt issuance costs	130	131
Stock compensation expense	46	37
Increase in other assets	(17)	(104)
Decrease in other liabilities	(19)	(140)
Net cash provided by operating activities	1,408	1,409
Cash flows from investing activities [Abstract]
Cash distributed to subsidiary	(7,000)	0
Net cash used in investing activities	(7,000)	0
Cash flows from financing activities [Abstract]
Proceeds from sale of stock	131	129
Repurchase and retirement of common stock	0	(6,655)
Cash dividends paid on common stock	(2,817)	(2,640)
Net cash provided by financing activities	(2,686)	(9,166)
Net increase (decrease) in cash and cash equivalents	(8,278)	(7,757)
Cash and cash equivalents at beginning of period	12,255	20,012
Cash and cash equivalents at end of period	$ 3,977	$ 12,255