Ohio Valley Banc (OVBC) 10-K 15 Mar 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 29, 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	0-20914
Entity Registrant Name	OHIO VALLEY BANC CORP
Entity Central Index Key	0000894671
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-1359191
Entity Address, Address Line One	420 Third Avenue
Entity Address, City or Town	Gallipolis
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45631
City Area Code	740
Local Phone Number	446-2631
Title of 12(b) Security	Common Shares, without par value
Trading Symbol	OVBC
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			$ 106,283,807
Entity Common Stock, Shares Outstanding		4,793,674
Auditor Name	Crowe LLP
Auditor Location	Cleveland, Ohio
Auditor Firm ID	173

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and noninterest-bearing deposits with banks	$ 14,252	$ 14,330
Interest-bearing deposits with banks	113,874	31,660
Total cash and cash equivalents	128,126	45,990
Certificates of deposit in financial institutions	0	1,862
Securities available for sale	162,258	184,074
Securities held to maturity, net of allowance for credit losses of $2 in 2023 and $0 in 2022; (estimated fair value: 2023 - $7,390; 2022 - $8,460)	7,986	9,226
Restricted investments in bank stocks	5,037	5,953
Total loans	971,900	885,049
Less: Allowance for credit losses	(8,767)	(5,269)
Net loans	963,133	879,780
Premises and equipment, net	21,450	20,436
Premises and equipment held for sale, net	573	593
Accrued interest receivable	3,606	3,112
Goodwill	7,319	7,319
Other intangible assets, net	8	29
Bank owned life insurance and annuity assets	40,593	39,627
Operating lease right-of-use asset, net	1,205	1,294
Deferred tax assets	6,306	6,266
Other assets	4,535	5,226
Total assets	1,352,135	1,210,787
Liabilities
Noninterest-bearing deposits	322,222	354,413
Interest-bearing deposits	804,914	673,242
Total deposits	1,127,136	1,027,655
Other borrowed funds	44,593	17,945
Subordinated debentures	8,500	8,500
Operating lease liability	1,205	1,294
Allowance for credit losses on off-balance sheet commitments	692	0
Other liabilities	26,002	20,365
Total liabilities	1,208,128	1,075,759
Commitments and Contingent Liabilities (See Note L)
Shareholders' Equity
Common stock ($1.00 stated value per share, 10,000,000 shares authorized; 2023 - 5,470,453 shares issued; 2022 - 5,465,707 shares issued)	5,470	5,465
Additional paid-in capital	51,842	51,722
Retained earnings	114,871	109,320
Accumulated other comprehensive income (loss)	(11,428)	(14,813)
Treasury stock, at cost (2023 - 697,321 shares; 2022 - 693,933 shares)	(16,748)	(16,666)
Total shareholders' equity	144,007	135,028
Total liabilities and shareholders' equity	$ 1,352,135	$ 1,210,787

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF CONDITION (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Securities held to maturity, net of allowance for credit losses	$ 2	$ 0
Securities held to maturity, fair value	$ 7,390	$ 8,460
Shareholders' Equity
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	5,470,453	5,465,707
Treasury stock, shares (in shares)	697,321	693,933

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		$ 54,821	$ 42,273
Securities:
Taxable		3,678	3,340
Tax exempt		162	180
Dividends		324	316
Interest-bearing deposits with banks		2,870	1,493
Other interest		10	14
Total interest and dividend income		61,865	47,616
Interest expense:
Deposits		14,174	2,130
Other borrowed funds		1,067	412
Subordinated debentures		597	296
Total interest expense		15,838	2,838
Net interest income		46,027	44,778
Provision for (recovery of) credit losses		2,090	(32)
Net interest income after provision for (recovery of) credit losses		43,937	44,810
Noninterest income:
Service charges on deposit accounts		2,700	2,443
Trust fees		326	325
Income from bank owned life insurance and annuity assets		860	883
Mortgage banking income		175	697
Electronic refund check / deposit fees		675	675
Debit / credit card interchange income		4,860	4,862
Loss on sale of securities		(23)	(1,537)
Tax preparation fees		669	743
Other		2,387	1,071
Total noninterest income		12,629	10,162
Noninterest expense:
Salaries and employee benefits		23,391	21,615
Occupancy		1,903	1,910
Furniture and equipment		1,321	1,170
Professional fees		1,656	1,609
Marketing expense		1,010	1,428
FDIC insurance		569	335
Data processing		2,809	2,761
Software		2,649	2,197
Foreclosed assets		15	63
Amortization of intangibles		21	35
Other		6,024	5,917
Total noninterest expense		41,368	39,040
Income before income taxes		15,198	15,932
Provision for income taxes	[1]	2,567	2,594
NET INCOME		$ 12,631	$ 13,338
Earnings per share (in dollars per share)		$ 2.65	$ 2.8
[1]Effective income tax rate was 16.9% for 2023 and 16.3% for 2022

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
NET INCOME	$ 12,631	$ 13,338
Other comprehensive income (loss):
Change in unrealized gain (loss) on available for sale securities	4,067	(21,184)
Reclassification adjustment for realized losses	23	1,537
Other comprehensive income (loss)	4,090	(19,647)
Related tax effect	(705)	4,126
Total other comprehensive income (loss), net of tax	3,385	(15,521)
Total comprehensive income	$ 16,016	$ (2,183)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Common Stock [Member] Accounting Standards Update 2016-13 [Member]	Common Stock [Member] Accounting Standards Update 2016-13 [Member] Revision of Prior Period, Adjustment [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Accounting Standards Update 2016-13 [Member]	Additional Paid-in Capital [Member] Accounting Standards Update 2016-13 [Member] Revision of Prior Period, Adjustment [Member]	Retained Earnings [Member]	Retained Earnings [Member] Accounting Standards Update 2016-13 [Member]	Retained Earnings [Member] Accounting Standards Update 2016-13 [Member] Revision of Prior Period, Adjustment [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Other Comprehensive Income (Loss) [Member] Accounting Standards Update 2016-13 [Member]	Accumulated Other Comprehensive Income (Loss) [Member] Accounting Standards Update 2016-13 [Member] Revision of Prior Period, Adjustment [Member]	Treasury Stock [Member]	Treasury Stock [Member] Accounting Standards Update 2016-13 [Member]	Treasury Stock [Member] Accounting Standards Update 2016-13 [Member] Revision of Prior Period, Adjustment [Member]	Total	Accounting Standards Update 2016-13 [Member]	Accounting Standards Update 2016-13 [Member] Revision of Prior Period, Adjustment [Member]
Balances at Dec. 31, 2021	$ 5,447			$ 51,165			$ 100,702			$ 708			$ (16,666)			$ 141,356
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0			0			13,338			0			0			13,338
Other comprehensive income (loss), net	0			0			0			(15,521)			0			(15,521)
Cash dividends	0			0			(4,720)			0			0			(4,720)
Common stock issued to ESOP	18			557			0			0			0			575
Balances at Dec. 31, 2022	5,465	$ 5,465	$ 0	51,722	$ 51,722	$ 0	109,320	$ 107,111	$ (2,209)	(14,813)	$ (14,813)	$ 0	(16,666)	$ (16,666)	$ 0	135,028	$ 132,819	$ (2,209)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0			0			12,631			0			0			12,631
Other comprehensive income (loss), net	0			0			0			3,385			0			3,385
Cash dividends	0			0			(4,871)			0			0			(4,871)
Common stock issued to ESOP	5			120			0			0			0			125
Shares acquired for treasury, 3,388 shares	0			0			0			0			(82)			(82)
Balances at Dec. 31, 2023	$ 5,470			$ 51,842			$ 114,871			$ (11,428)			$ (16,748)			$ 144,007

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY [Abstract]
Cash dividends, per share (in dollars per share)	$ 1.02	$ 0.99
Common stock issued to ESOP, shares (in shares)	4,746	18,522
Shares acquired for treasury (in shares)	3,388

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income	$ 12,631	$ 13,338
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (recovery of) credit losses	2,090	(32)
Depreciation of premises and equipment	1,562	1,464
Accretion of building grant	(4)	(3)
Net amortization (accretion) of purchase accounting adjustments	(1)	34
Net amortization (accretion) of securities	(478)	100
Net realized loss on sale of securities	23	1,537
Proceeds from sale of loans in secondary market	125	7,831
Loans disbursed for sale in secondary market	(124)	(7,134)
Amortization of mortgage servicing rights	53	71
Gain on sale of loans	(228)	(768)
Amortization of intangible assets	21	35
Amortization of certificates of deposit premiums	7	22
Deferred tax (benefit) expense	(745)	288
Contribution of common stock to ESOP	125	575
Earnings on bank owned life insurance and annuity assets	(860)	(883)
Change in accrued interest receivable	(494)	(417)
Change in other liabilities	5,567	1,223
Change in other assets	1,477	(1,291)
Net cash provided by operating activities	20,747	15,990
Cash flows from investing activities:
Proceeds from sales of securities available for sale	1,067	10,963
Proceeds from maturities and paydowns of securities available for sale	25,901	27,524
Purchases of securities available for sale	(586)	(66,821)
Proceeds from calls and maturities of securities held to maturity	1,217	1,044
Proceeds from maturities of certificates of deposit in financial institutions	2,100	445
Purchases of certificates of deposit in financial institutions	(245)	0
Purchases of restricted investments in bank stocks	(969)	0
Redemptions of restricted investments in bank stocks	1,885	1,312
Net change in loans	(87,481)	(55,028)
Purchases of premises and equipment	(2,689)	(1,988)
Disposals of premises and equipment	219	420
Proceeds from building grant	0	200
Reimbursement of building grant	(100)	0
Purchases of bank owned life insurance and annuity assets	(250)	(1,463)
Withdrawals from bank owned life insurance and annuity assets	144	0
Net cash provided by (used in) investing activities	(59,787)	(83,392)
Cash flows from financing activities:
Change in deposits	99,481	(32,253)
Cash dividends	(4,871)	(4,720)
Purchases of treasury stock	(82)	0
Proceeds from Federal Home Loan Bank borrowings	30,001	2
Repayment of Federal Home Loan Bank borrowings	(3,371)	(1,909)
Change in other short-term borrowings	18	238
Net cash provided by (used in) financing activities	121,176	(38,642)
Cash and cash equivalents:
Change in cash and cash equivalents	82,136	(106,044)
Cash and cash equivalents at beginning of year	45,990	152,034
Cash and cash equivalents at end of year	128,126	45,990
Supplemental disclosure:
Cash paid for interest	9,674	2,845
Cash paid for income taxes	2,750	1,975
Transfers from loans to other real estate owned	129	0
Operating lease liability arising from obtaining right-of-use asset	$ 187	$ 108

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note A - Summary of Significant Accounting Policies Description of Business: Ohio Valley Banc Corp. (“Ohio Valley”) is a financial holding company registered under the Bank Holding Company Act of 1956. hio Valley has one banking subsidiary, The Ohio Valley Bank Company (the “Bank”), an Ohio state-chartered bank that is a member of the Federal Reserve Bank (“FRB”) and is regulated primarily by the Ohio Division of Financial Institutions and the Federal Reserve Board. Ohio Valley also has a subsidiary that engages in consumer lending generally to individuals with higher credit risk history, Loan Central, Inc.; and a subsidiary insurance agency that facilitates the receipts of insurance commissions, Ohio Valley Financial Services Agency, LLC. The Bank has one wholly-owned subsidiary, Ohio Valley REO, LLC (“Ohio Valley REO”), an Ohio limited liability company, to which the Bank transfers certain real estate acquired by the Bank through foreclosure for sale by Ohio Valley REO. In December 2023, Ohio Valley ceased operating Race Day Mortgage, Inc. (“Race Day”), which had been a wholly-owned subsidiary of the Bank since April 2021. The decision to cease operating Race Day was made due to low loan demand, poor employee retention, and lack of profitability. In December 2023, Ohio Valley also ceased operating OVBC Captive, Inc. (the “Captive”), which had been a subsidiary of Ohio Valley since July 2014. The decision to cease operating the Captive was the result of proposed IRS regulations that adversely impacted the taxation of small captives and severely limited the Captive’s ability to operate. Ohio Valley and its subsidiaries are collectively referred to herein as the “Company.” The Company provides a full range of commercial and retail banking services from 23 offices located in southeastern Ohio and western West Virginia. It accepts deposits in checking, savings, time and money market accounts and makes personal, commercial, floor plan, student, construction and real estate loans. Substantially all loans are secured by specific items of collateral, including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from business operations. The Company also offers safe deposit boxes, wire transfers and other standard banking products and services. The Bank’s deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”). In addition to accepting deposits and ma The Bank’s trust department provides a wide variety of fiduciary services for trusts, estates and benefit plans and also provides investment and security services as an agent for its customers. Principles of Consolidation: The consolidated financial statements include the accounts of Ohio Valley and its wholly-owned subsidiaries, the Bank, Loan Central, Inc., and Ohio Valley Financial Services Agency, LLC. All material intercompany accounts and transactions have been eliminated. Industry Segment Information Internal financial information is primarily reported and aggregated in two lines of business, banking and consumer finance. Use of Estimates The accounting and reporting policies followed by the Company conform to U.S. generally accepted accounting principles (“US GAAP”) established by the Financial Accounting Standards Board (“FASB”). The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. Cash and Cash Equivalents: Cash and cash equivalents include cash on hand, noninterest-bearing deposits with banks, federal funds sold and interest-bearing deposits with banks with maturity terms of less than 90 days. Generally, federal funds are purchased and sold for one-day periods. The Company reports net cash flows for customer loan transactions, deposit transactions, short-term borrowings and interest-bearing deposits with other financial institutions. Certificates of deposit in financial institutions: Certificates of deposit in financial institutions are carried at cost and have maturity terms of 90 days or greater. The Company had no certificates of deposit in financial institutions at December 31, 2023 Debt Securities: The Company classifies securities into held to maturity (“HTM”) and available for sale (“AFS”) categories. HTM securities are those which the Company has the positive intent and ability to hold to maturity and are reported at amortized cost. Securities classified as AFS include securities that could be sold for liquidity, investment management or similar reasons even if there is not a present intention of such a sale. AFS securities are reported at fair value, with unrealized gains or losses included in other comprehensive income, net of tax. Premium amortization is deducted from, and discount accretion is added to, interest income on securities using the level yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses are recognized upon the sale of specific identified securities on the completed trade date. Allowance for Credit Losses (“ACL”) – Changes in the ACL are recorded as credit loss expense (or reversal). Losses are charged against the allowance when management believes the uncollectibility of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable Management classifies the AFS portfolio into the following major security types: U.S. Government securities, U.S. Government sponsored entity securities, and Agency mortgage-backed residential securities. At December 31, 2023, there was no ACL related to AFS debt securities. ACL – HTM Securities: Management measures expected credit losses on HTM debt securities on a collective basis by major security type with each type sharing similar risk characteristics and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The ACL on securities HTM is a contra asset valuation account that is deducted from the carrying amount of HTM securities to present the net amount expected to be collected. HTM securities are charged off against the ACL when deemed uncollectible. Adjustments to the ACL are reported in the Company’s consolidated statements of income in the provision for credit losses. Accrued interest receivable on HTM securities is excluded from the estimate of credit losses. Management classifies the HTM portfolio into two major security types: Obligations of states and political subdivisions and Agency mortgage-backed residential securities. Agency mortgage-backed residential securities consist of only two securities with balances that are not significant. With regard to obligations of states and political subdivisions, management considers (1) issuer bond ratings, (2) historical loss rates for given bond ratings, (3) the financi Restricted Investments in Bank Stocks: As a member of the Federal Home Loan Bank (“FHLB”) system and the FRB system, the Bank is required to own a certain amount of stock based on its level of borrowings and other factors and may invest in additional amounts. FHLB stock and FRB stock are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. The Company has additional investments in other restricted bank stocks that are not material to the financial statements. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of unearned interest, deferred loan fees and costs, and an ACL. Interest income is reported on an accrual basis using the interest method and includes amortization of net deferred loan fees and costs over the loan term using the level yield method without anticipating prepayments. The amount of the Company’s recorded investment is not materially different than the amount of unpaid principal balance for loans. Interest income is discontinued and the loan moved to non-accrual status when full loan repayment is in doubt, typically when the loan payments are past due 90 days or over unless the loan is well-secured or in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis method until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The Bank also originates long-term, fixed-rate mortgage loans, with the full intention of being sold to the secondary market. These loans are considered held for sale during the period of time after the principal has been advanced to the borrower by the Bank, but before the Bank has been reimbursed by the Federal Home Loan Mortgage Corporation, typically within a few business days. Loans sold to the secondary market are carried at the lower of aggregate cost or fair value. As of December 31, 2023 and 2022, there were no loans held for sale by the Bank ACL - Loans: The ACL for loans is a contra asset valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL is adjusted through the provision for credit losses and reduced by net charge offs of loans. The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. Portfolio Segment Measurement Method Loss Driver Residential real estate Cumulative Undiscounted Expected Loss National Unemployment, National GDP Commercial real estate: Owner-occupied Cumulative Undiscounted Expected Loss National Unemployment, National GDP Nonowner-occupied Cumulative Undiscounted Expected Loss National Unemployment, National GDP Construction Cumulative Undiscounted Expected Loss National Unemployment, National GDP Commercial and industrial Cumulative Undiscounted Expected Loss National Unemployment, National GDP Consumer: Automobile Cumulative Undiscounted Expected Loss National Unemployment Home equity Cumulative Undiscounted Expected Loss National Unemployment Other Cumulative Undiscounted Expected Loss, Remaining Life Method National Unemployment Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. In defining historical loss rates and the prepayment rates and curtailment rates used to determine the expected life of loans, the use of regional and national peer data was used. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable andsupportable forecasts not already reflected in the historical loss information at the balance sheet date. Our reasonable and supportable forecast adjustment is based on the national unemployment rate and the national gross domestic product forecast for the first year. For periods beyond our reasonable and supportable forecast, we revert to historical loss rates utilizing a straight-line method over a two-year reversion period. The qualitative adjustments for current conditions are based upon changes in lending policies and practices, experience and ability of lending staff, quality of the Company’s loan review system, value of underlying collateral, the volume and severity of past due loans, the value of underlying collateral for collateral dependent loans, the existence of and changes in concentrations and other external factors. Each factor is assigned a value to reflect improving, stable, or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a troubled debt restructuring will be executed with an individual borrower, or the extension of renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. The Company has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not also included in the collective evaluation. We evaluate all loans that meet the following criteria: 1) when it is determined that foreclosure is probable; 2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral; 3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance. At December 31, 2023, there was $8,767 in the ACL related to loans, with corresponding provision expense of $2,030 during the year ended December 31, 2023. The Company’s loan portfolio segments have been identified as follows: Commercial and Industrial, Commercial Real Estate, Residential Real Estate, and Consumer. Commercial and industrial: Commercial real estate: Portfolio segment consists of nonfarm, nonresidential loans secured by owner-occupied and nonowner-occupied commercial real estate as well as commercial construction loans. An owner-occupied loan relates to a borrower purchased building or space for which the repayment of principal is dependent upon cash flows from the ongoing business operations conducted by the party, or an affiliate of the party, who owns the property. Owner-occupied loans that are dependent on cash flows from operations can be adversely affected by current market conditions for their product or service. A nonowner-occupied loan is a property loan for which the repayment of principal is dependent upon rental income associated with the property or the subsequent sale of the property. Nonowner-occupied loans that are dependent upon rental income are primarily impacted by the level of interest rates associated with the debt and to local economic conditions, which dictate occupancy rates and the amount of rent charged. The increase in debt service due to higher interest rates may not be able to be passed on to tenants. As part of the origination process, loan interest rates and occupancy rates are stressed to determine the impact on the borrower’s ability to maintain adequate debt service under different economic conditions. Furthermore, the Company monitors the concentration in any one industry and has established limits relative to capital. In addition, credit quality trends are monitored by industry to determine if a change in the risk exposure to a certain industry may warrant a change in our underwriting standards. Commercial construction loans consist of borrowings to purchase and develop raw land into 1-4 family residential properties. Construction loans are extended to individuals as well as corporations for the construction of an individual or multiple properties and are secured by raw land and the subsequent improvements. Repayment of the loans to real estate developers is dependent upon the sale of properties to third parties in a timely fashion upon completion. Should there be delays in construction or a downturn in the market for those properties, there may be significant erosion in value that may be absorbed by the Company Residential real estate: Portfolio segment Consumer: Portfolio segment ACL – Off-Balance Sheet Credit Exposures: 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 ACL on off-balance sheet credit exposures is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. At December 31, 2023, there was $692 in the ACL related to off-balance sheet credit exposures, with corresponding provision expense of $61 during the year ended December 31, 2023. Concentrations of Credit Risk: T he following represents the composition of the Company’s loan portfolio as of December 31: % of Total Loans 2023 2022 Residential real estate loans 32.88 % 33.56 % Commercial real estate loans 33.22 % 32.63 % Consumer loans 17.72 % 16.72 % Commercial and industrial loans 16.18 % 17.09 % 100.00 % 100.00 % The Bank, in the normal course of its operations, conducts business with correspondent financial institutions. Balances in correspondent accounts, investments in federal funds, certificates of deposit and other short-term securities are closely monitored to ensure that prudent levels of credit and liquidity risks are maintained. At December 31, 2023, the Bank’s primary correspondent balance was $113,136 on deposit at the FRB, Cleveland, Ohio. Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation, which is computed using the straight-line method over the estimated useful life of the owned asset and, for leasehold improvement, over the remaining term of the leased facility, whichever is shorter. The useful lives range from three seven The Company enters into leases in the normal course of business primarily for branch buildings and office space to conduct business. The Company’s leases have remaining terms ranging from 28 months to 18 years, some of which include options to extend the leases for up to 15 years. The Company includes lease extension and termination options in the lease term if, after considering relevant economic factors, it is reasonably certain the Company will exercise the option. In addition, the Company has elected to account for any non-lease components in its real estate leases as part of the associated lease component. The Company has also elected to not recognize leases with original lease terms of 12 months or less (short-term leases) on the Company’s balance sheet. Leases are classified as operating or finance leases at the lease commencement date. Lease expense for operating leases and short-term leases is recognized on a straight-line basis over the lease term. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. At December 31, 2023 and 2022, the Company did not have any finance leases. The Company’s operating lease ROU assets and operating lease liabilities are valued based on the present value of future minimum lease payments, discounted with an incremental borrowing rate for the same term as the underlying lease. The Company has one lease arrangement that contains variable lease payments that are adjusted periodically for an index. Foreclosed assets Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. Physical possession of residential real estate property collateralizing a consumer mortgage loan occurs when legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed. Goodwill: Goodwill arises from business combinations and is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill acquired in a purchase business combination and determined to have an indefinite useful life are not amortized but tested for impairment at least annually. Goodwill is the only intangible asset with an indefinite life on our balance sheet. The Company has selected December 31 as the date to perform its annual qualitative impairment test. Given that the Company has been profitable and had positive equity, the qualitative assessment indicated that it was more likely than not that the fair value of goodwill was more than the carrying amount, resulting in no impairment. Long-term Assets: Premises and equipment and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. Mortgage Servicing Rights: A mortgage servicing right (“MSR”) is a contractual agreement where the right to service a mortgage loan is sold by the original lender to another party. When the Company sells mortgage loans to the secondary market, it retains the servicing rights to these loans. The Company’s MSR is recognized separately when acquired through sales of loans and is initially recorded at fair value with the income statement effect recorded in mortgage banking income. Subsequently, the MSR is then amortized in proportion to and over the period of estimated future servicing income of the underlying loan. The MSR is then evaluated for impairment periodically based upon the fair value of the rights as compared to the carrying amount, with any impairment being recognized through a valuation allowance. Fair value of the MSR is based on market prices for comparable mortgage servicing contracts. Impairment is determined by stratifying rights into groupings based on predominant risk characteristics, such as interest rate, loan type and investor type. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. At December 31, 2023 and 2022, the Company’s MSR assets were $403 and $456, respectively. Earnings Per Share: Earnings per share is based on net income divided by the following weighted average number of common shares outstanding during the periods: 4,774,607 for 2023 and 4,769,135 for 2022. Ohio Valley had no dilutive effect and no potential common shares issuable under stock options or other agreements for any period presented. Income Taxes: Income tax expense is the sum of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. The effect on deferred tax assets and liabilities of a change in tax rates is recognized at the time of enactment of such change in tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. Comprehensive Income : Loss Contingencies tingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect on the finan Bank Owned Life Insurance and Annuity Assets: The Company has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. The Company also purchased an annuity investment for a certain key executive that earns interest. Employee Stock Ownership Plan: Compensation expense is based on the market price of shares as they are committed to be allocated to participant accounts. Dividend Reinvestment Plan: The Company maintains a Dividend Reinvestment Plan. The plan enables shareholders to elect to have their cash dividends on all or a portion of shares held automatically reinvested in additional shares of the Company’s common stock. The stock is issued out of the Company’s authorized shares and credited to participant accounts at fair market value. Dividends are reinvested on a quarterly basis. Loan Commitments and Related Financial Instruments: Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. These financial instruments are recorded when they are funded. See Note L for more specific disclosure related to loan commitments. Dividend Restrictions: Banking regulations require maintaining certain capital levels and may limit the dividends paid by the Bank to Ohio Valley or by Ohio Valley to its shareholders. See Note P for more specific disclosure related to dividend restrictions. Restrictions on Cash: bank and the FRB totaled $113,136 and $30,908 at year-end 2023 and 2022, respectively, and were subject to clearing requirements but not subject to any regulatory reserve requirements. The balances on deposit with a third-party correspondent do not earn interest. Derivatives : Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. At December 31, 2023 and 2022, the only derivative instruments used by the Company were interest rate swaps, which are classified as stand-alone derivatives. See Note H for more specific disclosures related to interest rate swaps. Fair Value of Financial Instruments: Reclassifications : Adoption of New Accounting Pronouncements: Financial Instruments - Credit Losses (Topic 326): TDR’s and Vintage Disclosures Effective January 1, 2023, the Company adopted ASU No. 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, 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 US GAAP. The Company recorded a net decrease to retained earnings of $2,209 as of January 1, 2023 for the cumulative effect of adopting ASC 326. The following table illustrates the transition adjustment of adopting ASC 326: January 1, 2023 As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Assets: ACL - HTM debt securities Obligations of states and political subdivisions $ 3 $ — $ 3 ACL - Loans Residential real estate 2,026 681 1,345 Commercial real estate 2,200 2,038 162 Commercial and industrial 1,177 1,293 (116 ) Consumer 2,028 1,257 771 Total ACL - Loans $ 7,431 $ 5,269 $ 2,162 Deferred tax assets $ 6,853 $ 6,266 $ 587 Liabilities: ACL - Off-balance sheet commitments $ 631 $ — $ 631

Securities

Securities	12 Months Ended
	Dec. 31, 2023
Securities [Abstract]
Securities	Note B - Securities The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at December 31, 2023 and 2022, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities Available for Sale December 31, 2023 U.S. Government securities $ 52,174 $ — $ (1,877 ) $ 50,297 U.S. Government sponsored entity securities 6,527 — (650 ) 5,877 Agency mortgage-backed securities, residential 118,218 — (12,134 ) 106,084 Total securities $ 176,919 $ — $ (14,661 ) $ 162,258 December 31, 2022 U.S. Government securities $ 57,698 $ — $ (2,906 ) $ 54,792 U.S. Government sponsored entity securities 8,845 — (862 ) 7,983 Agency mortgage-backed securities, residential 136,282 — (14,983 ) 121,299 Total securities $ 202,825 $ — $ (18,751 ) $ 184,074 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Estimated Fair Value Allowance for Credit Losses Securities Held to Maturity December 31, 2023 Obligations of states and political subdivisions $ 7,987 $ 17 $ (615 ) $ 7,389 $ (2 ) Agency mortgage-backed securities, residential 1 — — 1 — Total securities $ 7,988 $ 17 $ (615 ) $ 7,390 $ (2 ) December 31, 2022 Obligations of states and political subdivisions $ 9,225 $ 32 $ (798 ) $ 8,459 Agency mortgage-backed securities, residential 1 — — 1 Total securities $ 9,226 $ 32 $ (798 ) $ 8,460 At . During 2023, proceeds from the sales of debt securities totaled $1,067 with gross losses of $23 recognized. During 2022, proceeds from the sales of debt securities totaled $10,963 with gross losses of $1,537 recognized. Securities with a carrying value of approximately $126,994 at December 31, 2023 and $126,318 at December 31, 2022 were pledged to secure public deposits and repurchase agreements and for other purposes as required or permitted by law. The amortized cost and estimated fair value of debt securities at December 31, 2023, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities. Securities not due at a single maturity are shown separately. Available for Sale Held to Maturity Debt Securities: Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Due in one year or less $ 17,424 $ 17,257 $ 397 $ 392 Due in one to five years 41,277 38,917 3,974 3,780 Due in five to ten years — — 1,490 1,297 Due after ten years — — 2,126 1,920 Agency mortgage-backed securities, residential 118,218 106,084 1 1 Total debt securities $ 176,919 $ 162,258 $ 7,988 $ 7,390 The following table summarizes debt securities available for sale in an unrealized loss position for which an ACL has not been recorded at December 31, 2023 and December 31, 2022, aggregated by major security type and length of time in a continuous unrealized loss position: December 31, 2023 Less than 12 Months 12 Months or More Total Securities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government securities $ 9,474 $ (52 ) $ 40,823 $ (1,825 ) $ 50,297 $ (1,877 ) U.S. Government sponsored entity securities — — 5,877 (650 ) 5,877 (650 ) Agency mortgage-backed securities, residential — — 106,084 (12,134 ) 106,084 (12,134 ) Total available for sale $ 9,474 $ (52 ) $ 152,784 $ (14,609 ) $ 162,258 $ (14,661 ) December 31, 2022 Less than 12 Months 12 Months or More Total Securities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government securities $ 36,460 $ (977 ) $ 18,332 $ (1,929 ) $ 54,792 $ (2,906 ) U.S. Government sponsored entity securities 2,786 (60 ) 5,197 (802 ) 7,983 (862 ) Agency mortgage-backed securities, residential 71,510 (7,178 ) 49,789 (7,805 ) 121,299 (14,983 ) Total available for sale $ 110,756 $ (8,215 ) $ 73,318 $ (10,536 ) $ 184,074 $ (18,751 ) Management evaluates available for sale debt securities in unrealized positions to determine whether impairment is due to credit-related factors. Consideration is given to (1) the extent to which the fair value is less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value. At December 31, 2023, the Company had 96 available for sale debt securities in an unrealized position without an ACL, of which 13 were from U.S. Government securities, 3 were from U.S. Government sponsored entity securities, and 80 were from Agency mortgage-backed residential securities. Management does not have the intent to sell any of these securities and believes that it is more likely than not that the Company will not have to sell any such securities before a recovery of cost. The fair value is expected to recover as the securities approach their maturity date or repricing date or if market yields for such investments decline. Accordingly, as of December 31, 2023, management believes that the unrealized losses detailed in the previous table are due to noncredit-related factors, including changes in interest rates and other market conditions and, therefore, the Company carried no ACL on available for sale debt securities at December 31, 2023. The following table presents the activity in the ACL for held to maturity debt securities for the year ended December 31, 2023: Held to Maturity Debt Securities 2023 Allowance for credit losses: Beginning balance $ — Impact of adopting ASC 326 3 Provision for (recovery of) credit loss expense (1 ) Allowance for credit losses ending balance $ 2 The Company’s held to maturity securities primarily consist of obligations of states and political subdivisions. The ACL on held to maturity securities is estimated at each measurement date on a collective basis by major security type. Risk factors such as issuer bond ratings, historical loss rates, financial condition of issuer, and timely principal and interest payments of issuer were evaluated to determine if a credit reserve was required within the portfolio. At December 31, 2023, there were no past due principal and interest payments related to held to maturity securities. Upon adoption of ASC 326 on January 1, 2023, the Company identified a cumulative loss rate of 0.03% using historical loss data provided by S&P and Moody’s bond rating service. This resulted in a $3 credit loss reserve for held to maturity debt securities. During 2023, the cumulative loss rate decreased to 0.02%, resulting in a $1 recovery of provision expense during the year ended December 31, 2023.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2023
Loans and Allowance for Credit Losses [Abstract]
Loans and Allowance for Credit Losses	Note C - Loans and Allowance for Credit Losses Loans are comprised of the following at December 31: 2023 2022 Residential real estate $ 319,504 $ 297,036 Commercial real estate: Owner-occupied 82,356 72,719 Nonowner-occupied 178,201 182,831 Construction 62,337 33,205 Commercial and industrial 157,298 151,232 Consumer: Automobile 61,461 54,837 Home equity 35,893 27,791 Other 74,850 65,398 971,900 885,049 Less: Allowance for credit losses (8,767 ) (5,269 ) Loans, net $ 963,133 $ 879,780 At December 31, 2023 and 2022, net deferred loan origination costs were $794 and $663, respectively. At December 31, 2023 and 2022, net unamortized loan purchase premiums were $687 and $1,142, respectively The following table presents the recorded investment of nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of December 31, 2023 and 2022: December 31, 2023 Loans Past Due 90 Days And Still Accruing Nonaccrual Loans With No ACL Nonaccrual Loans With an ACL Total Nonaccrual Loans Residential real estate $ 9 $ — $ 1,234 $ 1,234 Commercial real estate: Owner-occupied — 775 — 775 Nonowner-occupied — — 61 61 Construction — — 1 1 Commercial and industrial — — 48 48 Consumer: Automobile 56 — 78 78 Home equity — — 95 95 Other 54 — 100 100 Total $ 119 $ 775 $ 1,617 $ 2,392 December 31, 2022 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 100 $ 1,708 Commercial real estate: Owner-occupied — 938 Nonowner-occupied — 70 Construction — 75 Commercial and industrial — 150 Consumer: Automobile 27 82 Home equity — 151 Other 411 59 Total $ 538 $ 3,233 The Company recognized $146 of interest income in nonaccrual loans during the year ended December 31, 2023. The following table presents the aging of the recorded investment of past due loans by class of loans as of December 31, 2023 and 2022: December 31, 2023 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Loans Not Past Due Total Residential real estate $ 2,705 $ 368 $ 481 $ 3,554 $ 315,950 $ 319,504 Commercial real estate: Owner-occupied 2,580 — 775 3,355 79,001 82,356 Nonowner-occupied 681 — — 681 177,520 178,201 Construction — — — — 62,337 62,337 Commercial and industrial 3,338 — 48 3,386 153,912 157,298 Consumer: Automobile 782 210 117 1,109 60,352 61,461 Home equity 353 62 95 510 35,383 35,893 Other 658 121 148 927 73,923 74,850 Total $ 11,097 $ 761 $ 1,664 $ 13,522 $ 958,378 $ 971,900 December 31, 2022 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Loans Not Past Due Total Residential real estate $ 1,799 $ 701 $ 497 $ 2,997 $ 294,039 $ 297,036 Commercial real estate: Owner-occupied 97 — 938 1,035 71,684 72,719 Nonowner-occupied 626 5 — 631 182,200 182,831 Construction 40 45 17 102 33,103 33,205 Commercial and industrial 21 — 150 171 151,061 151,232 Consumer: Automobile 804 240 97 1,141 53,696 54,837 Home equity 204 — 151 355 27,436 27,791 Other 875 113 452 1,440 63,958 65,398 Total $ 4,466 $ 1,104 $ 2,302 $ 7,872 $ 877,177 $ 885,049 Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. These risk categories are represented by a loan grading scale from 1 through 11. The Company analyzes loans individually with a higher credit risk rating and groups these loans into categories called “criticized” and “classified” assets. The Company considers its criticized assets to be loans that are graded 8 and its classified assets to be loans that are graded 9 through 11. The Company’s risk categories are reviewed at least annually on loans that have aggregate borrowing amounts that meet or exceed $1,000. The Company uses the following definitions for its criticized Special Mention. Loans classified as “special mention” indicate considerable risk due to deterioration of repayment (in the earliest stages) due to potential weak primary repayment source, or payment delinquency. These loans will be under constant supervision, are not classified and do not expose the institution to sufficient risks to warrant classification. These deficiencies should be correctable within the normal course of business, although significant changes in company structure or policy may be necessary to correct the deficiencies. These loans are considered bankable assets with no apparent loss of principal or interest envisioned. The perceived risk in continued lending is considered to have increased beyond the level where such loans would normally be granted. The Company uses the following definitions for its classified Substandard. Loans classified as “substandard” represent very high risk, serious delinquency, nonaccrual, or unacceptable credit. Repayment through the primary source of repayment is in jeopardy due to the existence of one or more well-defined weaknesses, and the collateral pledged may inadequately protect collection of the loans. Loss of principal is not likely if weaknesses are corrected, although financial statements normally reveal significant weakness. Loans are still considered collectible, although loss of principal is more likely than with special mention loans. Collateral liquidation is considered likely to satisfy debt. Doubtful. Loans classified as “doubtful” display a high probability of loss, although the amount of actual loss at the time of classification is undetermined. This classification should be temporary until such time that actual loss can be identified, or improvements are made to reduce the seriousness of the classification. These loans exhibit all substandard characteristics with the addition that weaknesses make collection or liquidation in full highly questionable and improbable. This classification consists of loans where the possibility of loss is high after collateral liquidation based upon existing facts, market conditions, and value. Loss is deferred until certain important and reasonable specific pending factors that may strengthen the credit can be more accurately determined. These factors may include proposed acquisitions, liquidation procedures, capital injection, receipt of additional collateral, mergers, or refinancing plans. A doubtful classification for an entire credit should be avoided when collection of a specific portion appears highly probable with the adequately secured portion graded substandard. Loss. Loans classified as “loss” are considered uncollectible and are of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the credit has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset yielding such a minimum value even though partial recovery may be affected in the future. Amounts classified as loss should be promptly charged off. As of December 31, 2023 and 2022, and based on the most recent analysis performed, the risk category of commercial loans by class of loans was as follows: Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial real estate: Owner-occupied Risk Rating Pass $ 18,120 $ 7,911 $ 10,679 $ 5,973 $ 6,125 $ 15,925 $ 459 $ 65,192 Special Mention — — — — — 427 — 427 Substandard — — 13,934 — 498 2,005 300 16,737 Doubtful — — — — — — — — Total $ 18,120 $ 7,911 $ 24,613 $ 5,973 $ 6,623 $ 18,357 $ 759 $ 82,356 Current Period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial real estate: Nonowner occupied Risk Rating Pass $ 12,688 $ 29,344 $ 32,235 $ 20,484 $ 15,415 $ 61,809 $ 1,128 $ 173,103 Special Mention — — 768 3,226 — 1,034 — 5,028 Substandard — — 70 — — — — 70 Doubtful — — — — — — — — Total $ 12,688 $ 29,344 $ 33,073 $ 23,710 $ 15,415 $ 62,843 $ 1,128 $ 178,201 Current Period gross charge-offs $ — $ — $ 132 $ — $ — $ — $ — $ 132 Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial real estate: Construction Risk Rating Pass $ 28,055 $ 29,174 $ 1,231 $ 302 $ 392 $ 2,937 $ — $ 62,091 Special Mention — — — — — — — — Substandard — — — — — 246 — 246 Doubtful — — — — — — — — Total $ 28,055 $ 29,174 $ 1,231 $ 302 $ 392 $ 3,183 $ — $ 62,337 Current Period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial and Industrial Risk Rating Pass $ 8,770 $ 30,885 $ 26,806 $ 31,247 $ 344 $ 27,632 $ 27,510 $ 153,194 Special Mention 140 — — — — 8 66 214 Substandard — — 58 1,363 4 182 2,283 3,890 Doubtful — — — — — — — — Total $ 8,910 $ 30,885 $ 26,864 $ 32,610 $ 348 $ 27,822 $ 29,859 $ 157,298 Current Period gross charge-offs $ — $ — $ — $ — $ — $ — $ 29 $ 29 December 31, 2022 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 68,236 $ 3,545 $ 938 $ 72,719 Nonowner-occupied 177,479 5,352 — 182,831 Construction 33,143 — 62 33,205 Commercial and industrial 147,627 1,879 1,726 151,232 Total $ 426,485 $ 10,776 $ 2,726 $ 439,987 The Company considers the performance of the loan portfolio and its impact on the ACL. For residential and consumer loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment of residential and consumer loans by class of loans based on repayment activity as of December 31, 2023 and 2022 : Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Residential Real Estate: Payment Performance Performing $ 50,484 $ 44,640 $ 50,949 $ 44,818 $ 21,854 $ 91,956 $ 13,560 $ 318,261 Nonperforming — — — — 182 1,061 — 1,243 Total $ 50,484 $ 44,640 $ 50,949 $ 44,818 $ 22,036 $ 93,017 $ 13,560 $ 319,504 Current Period gross charge-offs $ — $ — $ 3 $ — $ — $ 118 $ — $ 121 Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Consumer: Automobile Payment Performance Performing $ 28,939 $ 20,376 $ 7,013 $ 3,028 $ 1,212 $ 759 $ — $ 61,327 Nonperforming 34 60 15 1 9 15 — 134 Total $ 28,973 $ 20,436 $ 7,028 $ 3,029 $ 1,221 $ 774 $ — $ 61,461 Current Period gross charge-offs $ 51 $ 163 $ 116 $ 6 $ 29 $ 3 $ — $ 368 Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Consumer: Home Equity Payment Performance Performing $ 1,649 $ 79 $ — $ — $ — $ — $ 34,070 $ 35,798 Nonperforming — — — — — — 95 95 Total $ 1,649 $ 79 $ — $ — $ — $ — $ 34,165 $ 35,893 Current Period gross charge-offs $ — $ — $ — $ — $ — $ — $ 87 $ 87 Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Consumer: Other Payment Performance Performing $ 18,377 $ 24,904 $ 10,800 $ 4,482 $ 1,093 $ 953 $ 14,087 $ 74,696 Nonperforming 11 17 67 53 1 4 1 154 Total $ 18,388 $ 24,921 $ 10,867 $ 4,535 $ 1,094 $ 957 $ 14,088 $ 74,850 Current Period gross charge-offs $ 306 $ 119 $ 119 $ 84 $ 28 $ 53 $ 246 $ 955 Consumer December 31, 2022 Automobile Home Equity Other Residential Real Estate Total Performing $ 54,728 $ 27,640 $ 64,928 $ 295,228 $ 442,524 Nonperforming 109 151 470 1,808 2,538 Total $ 54,837 $ 27,791 $ 65,398 $ 297,036 $ 445,062 The Company originates residential, consumer, and commercial loans to customers located primarily in the southeastern areas of Ohio as well as the western counties of West Virginia. Approximately 4.37% of total loans were unsecured at December 31, 2023, down from 4.52% at December 31, 2022. Modifications to Borrowers Experiencing Financial Difficulty: Occasionally, the Company modifies loans to borrowers experiencing financial difficulty. These modifications may include one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; a reduction in the contractual principal and interest payments of the loan; or short-term interest-only payment terms. All modifications to borrowers experiencing financial difficulty are considered to be impaired. During the year ended December 31, 2023, the Company experienced no new modifications to borrowers experiencing financial difficulty. The following table presents the activity in the ACL by portfolio segment for the years ended December 31, 2023 and 2022: December 31, 2023 Residential Real Estate Commercial Real Estate Commercial & Industrial Consumer Total Allowance for credit losses: Beginning balance $ 681 $ 2,038 $ 1,293 $ 1,257 $ 5,269 Impact of adopting ASC 326 1,345 162 (116 ) 771 2,162 Provision for credit losses 251 824 (85 ) 1,040 2,030 Loans charged off (121 ) (132 ) (29 ) (1,410 ) (1,692 ) Recoveries 57 155 212 574 998 Total ending allowance balance $ 2,213 $ 3,047 $ 1,275 $ 2,232 $ 8,767 December 31, 2022 Residential Real Estate Commercial Real Estate Commercial & Industrial Consumer Total Allowance for credit losses: Beginning balance $ 980 $ 2,548 $ 1,571 $ 1,384 $ 6,483 Provision for credit losses (318 ) (556 ) 283 559 (32 ) Loans charged off (135 ) (36 ) (618 ) (1,399 ) (2,188 ) Recoveries 154 82 57 713 1,006 Total ending allowance balance $ 681 $ 2,038 $ 1,293 $ 1,257 $ 5,269 The following table presents the balance in the ACL and the recorded investment of loans by portfolio segment and based on impairment method as of December 31, 2022: December 31, 2022 Residential Real Estate Commercial Real Estate Commercial & Industrial Consumer Total Allowance for credit losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Collectively evaluated for impairment 681 2,038 1,293 1,257 5,269 Total ending allowance balance $ 681 $ 2,038 $ 1,293 $ 1,257 $ 5,269 Loans: Loans individually evaluated for impairment $ — $ 1,986 $ — $ 28 $ 2,014 Loans collectively evaluated for impairment 297,036 286,769 151,232 147,998 883,035 Total ending loans balance $ 297,036 $ 288,755 $ 151,232 $ 148,026 $ 885,049 The following table presents the amortized cost basis of collateral dependent loans by class of loans as of December 31, 2023: Collateral Type December 31, 2023 Real Estate Business Assets Total Residential real estate $ 1,663 $ — $ 1,663 Commercial real estate: Owner-occupied 700 258 958 Consumer: Home equity 27 — 27 Total collateral dependent loans $ 2,390 $ 258 $ 2,648 The following table presents information related to loans individually evaluated for impairment by class of loans as of the years ended December 31, 2022: December 31, 2022 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: $ — $ — $ — $ — $ — $ — With no related allowance recorded: Commercial real estate: Owner-occupied 1,692 1,607 — 1,662 97 97 Nonowner-occupied 379 379 — 382 29 29 Consumer: Home equity 28 28 — 23 2 2 Total $ 2,099 $ 2,014 $ — $ 2,067 $ 128 $ 128 The recorded investment of a loan excludes accrued interest and net deferred origination fees and costs due to immateriality. Nonaccrual loans and loans past due 90 days or more and still accruing include both smaller balance homogenous loans that are collectively evaluated for impairment and individually classified as impaired loans. The Company transfers loans to other real estate owned, at fair value less cost to sell, in the period the Company obtains physical possession of the property (through legal title or through a deed in lieu). As of December 31, 2023, the Company had $68 in other real estate owned for residential real estate properties compared to none at December 31, 2022. In addition, nonaccrual residential mortgage loans that are in the process of foreclosure had a recorded investment of $348 and $370 as of December 31, 2023 and 2022, respectively.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Premises and Equipment [Abstract]
Premises and Equipment	Note D - Premises and Equipment Following is a summary of premises and equipment at December 31: 2023 2022 Land $ 2,568 $ 2,486 Buildings 23,867 22,526 Leasehold improvements 1,555 1,509 Furniture and equipment 11,137 10,410 39,127 36,931 Less accumulated depreciation 17,677 16,495 Total premises and equipment $ 21,450 $ 20,436 Following is a summary of premises and equipment held for sale at December 31: 2023 2022 Land $ 84 $ 84 Buildings 594 594 678 678 Less accumulated depreciation 105 85 Total premises and equipment held for sale $ 573 $ 593

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Note E – Leases Balance sheet information related to leases at December 31 was as follows: 2023 2022 Operating leases: Operating lease right-of-use assets $ 1,205 $ 1,294 Operating lease liabilities 1,205 1,294 The components of lease cost were as follows for the year ending December 31: 2023 2022 Operating lease cost $ 204 $ 185 Short-term lease expense 17 35 Future undiscounted lease payments for operating leases with initial terms of one year or more as of December 31, 2023 are as follows: Operating Leases 2024 $ 195 2025 195 2026 140 2027 109 2028 111 Thereafter 764 Total lease payments 1,514 Less: Imputed Interest (309 ) Total operating leases $ 1,205 Other information at December 31 was as follows: 2023 2022 Weighted-average remaining lease term for operating leases 13.0 years 12.1 years Weighted-average discount rate for operating leases 2.91 % 2.70 %

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	Note F – Goodwill and Intangible Assets Goodwill The change in goodwill during the year is as follows: Gross Carrying Amount 2023 2022 Goodwill $ 7,319 $ 7,319 Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. At December 31, 2023 and 2022, the Company’s reporting unit had positive equity and the Company elected to perform a qualitative assessment to determine if it was more likely than not that fair value of the reporting unit exceeded its carrying value, including goodwill. The qualitative assessment indicated that it is more likely than not that fair value of goodwill is more than the carrying value, resulting in no impairment. Therefore, the Company did not proceed to step one of the annual goodwill impairment testing requirement. Acquired intangible assets: Acquired intangible assets were as follows at year-end: 2023 2022 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortized intangible assets: Core deposit intangibles $ 738 $ 730 $ 738 $ 709 Aggregate amortization expense was $21 for 2023 and $35 for 2022. Estimated amortization expense for each of the next five years: 2024 $ 8 2025 — 2026 — 2027 — 2028 — Total $ 8

Deposits

Deposits	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Deposits	Note G - Deposits Following is a summary of deposits at December 31: 2023 2022 Noninterest-bearing deposits $ 322,222 $ 354,413 Interest-bearing deposits: NOW accounts 170,422 209,758 Savings and Money Market 255,369 311,565 Time deposits in denominations of $250 or less 301,323 115,049 Time deposits in denominations of more than $250 77,800 36,870 Total time deposits 379,123 151,919 Total interest-bearing deposits 804,914 673,242 Total deposits $ 1,127,136 $ 1,027,655 Following is a summary of total time deposits by remaining maturity at December 31, 2023: 2024 $ 261,922 2025 95,860 2026 19,001 2027 1,139 2028 1,023 Thereafter 178 Total $ 379,123 Brokered deposits, included in time deposits, were $64,893 and $3,999 at December 31, 2023 and 2022, respectively.

Interest Rate Swaps

Interest Rate Swaps	12 Months Ended
	Dec. 31, 2023
Interest Rate Swaps [Abstract]
Interest Rate Swaps	Note H - Interest Rate Swaps The Company manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities. The Company utilizes interest rate swap agreements as part of its asset/liability management strategy to help manage its interest rate risk position. As part of this strategy, the Company provides its customer with a fixed-rate loan while creating a variable-rate asset for the Company by the customer entering into an interest rate swap with the Company on terms that match the loan. The Company offsets its risk exposure by entering into an offsetting interest rate swap with an unaffiliated institution. These interest rate swaps do not qualify as designated hedges; therefore, each swap is accounted for as a standalone derivative. At December 31, 2023, the Company had offsetting interest rate swaps associated with commercial loans with a notional value of $12,515 and a fair value asset of $1,147 and a fair value liability for the same amount included in other assets and other liabilities, respectively. This is compared to offsetting interest rate swaps with a notional value of $13,196 and a fair value asset and liability of $1,340 at December 31, 2022. The notional amount of the interest rate swaps does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreement. To offset the risk exposure related to market value fluctuations of its interest rate swaps, the Company would normally maintain collateral deposits on hand with a third-party correspondent, however due to the increasing rate environment, risk exposure was reduced in both 2023 and 2022, respectively, resulting in no collateral deposits at December 31, 2023 or December 31, 2022.

Other Borrowed Funds

Other Borrowed Funds	12 Months Ended
	Dec. 31, 2023
Other Borrowed Funds [Abstract]
Other Borrowed Funds	Note I - Other Borrowed Funds Other borrowed funds at December 31, 2023 and 2022 are comprised of advances from the FHLB of Cincinnati and promissory notes. FHLB Borrowings Promissory Notes Totals 2023 $ 42,199 $ 2,394 $ 44,593 2022 $ 15,569 $ 2,376 $ 17,945 Pursuant to collateral agreements with the FHLB, advances are secured by $312,767 in qualifying mortgage loans, $33,456 in commercial loans and $2,896 in FHLB stock at December 31, 2023. Fixed-rate FHLB advances of $42,199 mature through 2042 and have interest rates ranging from 1.53% to 4.91% and a year-to-date weighted average cost of 3.50% and 2.34% at December 31, 2023 and 2022, respectively. There were no variable-rate FHLB borrowings at December 31, 2023. At December 31, 2023, the Company had a cash management line of credit enabling it to borrow up to $100,000 from the FHLB, subject to the stock ownership and collateral limitations described below. Based on the Company’s current FHLB stock ownership, total assets and pledgeable loans, the Company had the ability to obtain borrowings from the FHLB up to a maximum of $182,731 at December 31, 2023. Of this maximum borrowing capacity, the Company had $88,183 available to use as additional borrowings, of which $88,183 could be used for short term, cash management advances, as mentioned above. Promissory notes, issued primarily by Ohio Valley, are due at various dates through a final maturity date of November 18, 2024, and have fixed rates ranging from 3.15% to 5.00% and a year-to-date weighted average cost of 3.79% at December 31, 2023, as compared to 1.35% at December 31, 2022. At December 31, 2023, there were six promissory notes payable by Ohio Valley to related parties Letters of credit issued on the Bank’s behalf by the FHLB to collateralize certain public unit deposits as required by law totaled $52,350 at December 31, 2023 and $75,140 at December 31, 2022. Scheduled principal payments over the next five years: FHLB Borrowings Promissory Notes Totals 2024 $ 5,412 $ 2,394 $ 7,806 2025 4,983 — 4,983 2026 12,908 — 12,908 2027 11,397 — 11,397 2028 1,349 — 1,349 Thereafter 6,150 — 6,150 $ 42,199 $ 2,394 $ 44,593

Subordinated Debentures and Tru

Subordinated Debentures and Trust Preferred Securities	12 Months Ended
	Dec. 31, 2023
Subordinated Debentures and Trust Preferred Securities [Abstract]
Subordinated Debentures and Trust Preferred Securities	Note J - Subordinated Debentures and Trust Preferred Securities On March 22, 2007, a trust formed by Ohio Valley issued $8,500 of adjustable-rate trust preferred securities as part of a pooled offering of such securities. The rate on these trust preferred securities was fixed at 6.58% for five years, and then converted to a floating-rate term on March 15, 2012, based on a rate equal to the 3-month LIBOR plus 1.68%. Beginning September 15, 2023, the rate converted from a 3-month LIBOR index to a 3-month CME Term SOFR index plus a spread adjustment of 0.26% and a margin of 1.68%. The interest rate on these trust preferred securities was 7.33% at December 31, 2023 and 6.45% at December 31, 2022. There were no debt issuance costs incurred with these trust preferred securities. The Company issued subordinated debentures to the trust in exchange for the proceeds of the offering. The subordinated debentures must be redeemed no later than June 15, 2037. Under the provisions of the related indenture agreements, the interest payable on the trust preferred securities is deferrable for up to five years and any such deferral is not considered a default. During any period of deferral, the Company would be precluded from declaring or paying dividends to shareholders or repurchasing any of the Company’s common stock. Under generally accepted accounting principles, the trusts are not consolidated with the Company. Accordingly, the Company does not report the securities issued by the trust as liabilities, and instead reports as liabilities the subordinated debentures issued by the Company and held by the trust. Since the Company’s equity interest in the trusts cannot be received until the subordinated debentures are repaid, these amounts have been netted. The subordinated debentures may be included in Tier 1 capital (with certain limitations applicable) under current regulatory guidelines and interpretations.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Taxes [Abstract]
Income Taxes	Note K - Income Taxes The provision for income taxes consists of the following components: 2023 2022 Current tax expense $ 3,312 $ 2,306 Deferred tax (benefit) expense (745 ) 288 Total income taxes $ 2,567 $ 2,594 The source of deferred tax assets and deferred tax liabilities at December 31: 2023 2022 Items giving rise to deferred tax assets: Other reserves $ 152 $ — Allowance for loan losses 1,916 1,146 Unrealized loss on securities available for sale 3,233 3,938 Deferred compensation 2,176 2,058 Deferred loan fees/costs 169 137 Accrued bonus 249 266 Purchase accounting adjustments 11 6 Net operating loss 49 66 Lease liability 332 355 Nonaccrual interest income 113 204 Other 43 294 Items giving rise to deferred tax liabilities: Mortgage servicing rights (88 ) (99 ) FHLB stock dividends (442 ) (676 ) Prepaid expenses (35 ) (231 ) Depreciation and amortization (841 ) (843 ) Right-of-use asset (332 ) (355 ) Other (399 ) — Net deferred tax asset $ 6,306 $ 6,266 The Company determined that it was not required to establish a valuation allowance for deferred tax assets since management believes that the deferred tax assets are likely to be realized through the future reversals of existing taxable temporary differences, deductions against forecasted income and tax planning strategies. At December 31, 2023, the Company’s deferred tax asset related to Section 382 net operating loss carryforwards was $233, which will expire in 2026 The difference between the financial statement tax provision and amounts computed by applying the statutory federal income tax rate of 21% to income before taxes is as follows: 2023 2022 Statutory tax ( 21 $ 3,192 $ 3,346 Effect of nontaxable interest (468 ) (385 ) Effect of nontaxable insurance premiums (205 ) (240 ) Income from bank owned insurance, net (181 ) (168 ) Effect of postretirement benefits 45 (112 ) Effect of state income tax 170 155 Tax credits (25 ) (37 ) Other items 39 35 Total income taxes (1) $ 2,567 $ 2,594 (1) Effective income tax rate was 16.9% for 2023 and 16.3% for 2022 At December 31, 2023 and December 31, 2022, the Company had no unrecognized tax benefits. The Company does not expect the amount of unrecognized tax benefits to significantly change within the next twelve months. The Company did not recognize any interest and/or penalties related to income tax matters for the periods presented. The Company is subject to U.S. federal income tax as well as West Virginia state income tax. The Company is no longer subject to federal or state examination for years prior to 2020. The tax years 2020-2022

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Dec. 31, 2023
Commitments and Contingent Liabilities [Abstract]
Commitments and Contingent Liabilities	Note L - Commitments and Contingent Liabilities The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit and financial guarantees. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit, and financial guarantees written, is represented by the contractual amount of those instruments. The Bank estimates expected credit losses over the contractual period in which the Bank is exposed to credit risk via a contractual obligation to extend credit. At December 31, 2023, the estimated ACL related to off-balance sheet commitments was $692, which included $61 in provision expense during the year ended December 31, 2023. The Bank uses the same credit policies in making commitments and conditional obligations as it does for instruments recorded on the balance sheet. Following is a summary of such commitments at December 31: 2023 2022 Fixed rate $ 1,331 $ 1,110 Variable rate 181,622 177,151 Standby letters of credit 9,210 3,441 At December 31, 2023, the fixed-rate commitments have interest rates ranging from 3.38% to 8.50% and maturities ranging from 16 years to 30 years. 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. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. 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 Bank evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment and income-producing commercial properties. There are various contingent liabilities that are not reflected in the financial statements, including claims and legal actions arising in the ordinary course of business. In the opinion of management, after consultation with legal counsel, the ultimate disposition of these matters is not expected to have a material effect on financial condition or results of operations.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note M - Related Party Transactions Certain directors, executive officers and companies with which they are affiliated were loan customers during 2023. A summary of activity on these borrower relationships with aggregate debt greater than $120 is as follows: Total loans at January 1, 2023 $ 16,696 New loans 855 Repayments (1,065 ) Other changes — Total loans at December 31, 2023 $ 16,486 Other changes include adjustments for loans applicable to one reporting period that are excludable from the other reporting period, such as changes in persons classified as directors, executive officers and companies’ affiliates. Deposits from principal officers, directors, and their affiliates at year-end 2023 and 2022 were $20,123 and $91,782. In addition, the Company had promissory notes outstanding with directors and their affiliates

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2023
Employee Benefits [Abstract]
Employee Benefits	Note N - Employee Benefits The Bank has a profit-sharing plan for the benefit of its employees and their beneficiaries. Contributions to the plan are determined by the Board of Directors of Ohio Valley. Contributions charged to expense were $270 and $256 for 2023 and 2022. Ohio Valley maintains an Employee Stock Ownership Plan (“ESOP”) covering substantially all employees of the Company. Ohio Valley issues shares to the ESOP, purchased by the ESOP with subsidiary cash contributions, which are allocated to ESOP participants based on relative compensation. The total number of shares held by the ESOP, all of which have been allocated to participant accounts, were 317,860 and 313,114 at December 31, 2023 and 2022. In addition, the subsidiaries made contributions to the ESOP as follows: Years ended December 31 2023 2022 Number of shares issued 4,746 18,522 Fair value of stock contributed $ 125 $ 575 Cash contributed 473 — Total expense $ 598 $ 575 Life insurance contracts with a cash surrender value of $38,426 and annuity assets of $2,167 at December 31, 2023 have been purchased by the Company, the owner of the policies. The purpose of these contracts was to replace a current group life insurance program for executive officers, implement a deferred compensation plan for directors and executive officers, implement a director retirement plan and implement supplemental retirement plans for certain officers. Under the deferred compensation plan, Ohio Valley pays each participant the amount of fees deferred plus interest over the participant’s desired term, upon termination of service. Under the director retirement plan, participants are eligible to receive ongoing compensation payments upon retirement subject to length of service. The supplemental retirement plans provide payments to select executive officers upon retirement based upon a compensation formula determined by Ohio Valley’s Board of Directors. The present value of payments expected to be provided are accrued during the service period of the covered individuals and amounted to $9,716 and $9,192 at December 31, 2023 and 2022. Expenses related to the plans for each of the last two years amounted to $807 and $458. In association with the split-dollar life insurance plan, the present value of the postretirement benefit totaled $3,526 at December 31, 2023 and $3,309 at December 31, 2022.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2023
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	Note O - Fair Value of Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices, such as 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. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The following is a description of the Company’s valuation methodologies used to measure and disclose the fair values of its financial assets and liabilities on a recurring or nonrecurring basis: Securities: Individually Evaluated Collateral Dependent Loans: The fair value of individually evaluated collateral dependent loans is generally based on the fair value of collateral, less costs to sell. When carried at fair value, individually evaluated collateral dependent loans generally receive specific allocations of the ACL. For collateral dependent loans, fair value is commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. In some instances, fair value adjustments can be made based on a quoted price from an observable input, such as a purchase agreement. Such adjustments would be classified as a Level 2 classification. Individually evaluated collateral dependent loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Other Real Estate Owned: Appraisals for both collateral-dependent impaired loans and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of management reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with management’s own assumptions of fair value based on factors that include recent market data or industry-wide statistics. On an as-needed basis, the Company reviews the fair value of collateral, taking into consideration current market data, as well as all selling costs, which typically amount to approximately 10% of the fair value of such collateral. Interest Rate Swap Agreements: Assets and Liabilities Measured on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements at December 31, 2023, Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government securities $ 50,297 $ — $ — U.S. Government sponsored entity securities — 5,877 — Agency mortgage-backed securities, residential — 106,084 — Interest rate swap derivatives — 1,147 — Liabilities: Interest rate swap derivatives — (1,147 ) — Fair Value Measurements at December 31, 2022, Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government securities $ 54,792 $ — $ — U.S. Government sponsored entity securities — 7,983 — Agency mortgage-backed securities, residential — 121,299 — Interest rate swap derivatives — 1,340 — Liabilities: Interest rate swap derivatives — (1,340 ) — Assets and Liabilities Measured on a Nonrecurring Basis There were no assets or liabilities measured at fair value on a nonrecurring basis at December 31, 2023 and 2022. There was no other real estate owned that was measured at fair value less costs to sell at December 31, 2023 and 2022. Furthermore, there were no corresponding write downs during the years ended December 31, 2023 and 2022. There was no quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2023 and 2022. The carrying amounts and estimated fair values of financial instruments at December 31, 2023 and December 31, 2022 are as follows: Fair Value Measurements at December 31, 2023 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 128,126 $ 128,126 $ — $ — $ 128,126 Certificates of deposit in financial institutions — — — — — Securities available for sale 162,258 50,297 111,961 — 162,258 Securities held to maturity 7,986 — 4,281 3,109 7,390 Loans, net 963,133 — — 944,544 944,544 Interest rate swap derivatives 1,147 — 1,147 — 1,147 Accrued interest receivable 3,606 — 466 3,140 3,606 Financial Liabilities: Deposits 1,127,136 748,013 379,455 — 1,127,468 Other borrowed funds 44,593 — 45,799 — 45,799 Subordinated debentures 8,500 — 8,500 — 8,500 Interest rate swap derivatives 1,147 — 1,147 — 1,147 Accrued interest payable 6,597 1 6,596 — 6,597 Fair Value Measurements at December 31, 2022 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 45,990 $ 45,990 $ — $ — $ 45,990 Certificates of deposit in financial institutions 1,862 — 1,862 — 1,862 Securities available for sale 184,074 54,792 129,282 — 184,074 Securities held to maturity 9,226 — 4,987 3,473 8,460 Loans, net 879,780 — — 846,870 846,870 Interest rate swap derivatives 1,340 — 1,340 — 1,340 Accrued interest receivable 3,112 — 485 2,627 3,112 Financial Liabilities: Deposits 1,027,655 875,736 149,974 — 1,025,710 Other borrowed funds 17,945 — 16,364 — 16,364 Subordinated debentures 8,500 — 8,500 — 8,500 Interest rate swap derivatives 1,340 — 1,340 — 1,340 Accrued interest payable 432 1 431 — 432 Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Dec. 31, 2023
Regulatory Matters [Abstract]
Regulatory Matters	Note P - Regulatory Matters Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgements by regulators. Failure to meet capital requirements can initiate regulatory action. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. Management believes as of December 31, 2023, the Bank met all capital adequacy requirements to which they are subject. Prompt corrective action regulations applicable to insured depository institutions provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At year-end 2023 and 2022, the Bank met the capital requirements to be deemed well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since year-end 2023 and 2022 that management believes have changed the institution’s well capitalized category. In 2019, the federal banking agencies jointly issued a final rule that provides for an optional, simplified measure of capital adequacy, the community bank leverage ratio (“CBLR”) framework, for qualifying community banking organizations (banks and holding companies), consistent with Section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The final rule became effective on January 1, 2020 and was elected by the Bank as of March 31, 2020. In April 2020, the federal banking agencies issued an interim final rule that made temporary changes to the CBLR framework, pursuant to Section 4012 of the CARES Act, and a second interim final rule that provided a graduated increase in the CBLR requirement after the expiration of the temporary changes implemented pursuant to Section 4012 of the CARES Act. The CBLR removes the requirement for qualifying banking organizations to calculate and report risk-based capital and only requires a Tier 1 to average assets (“leverage”) ratio. Qualifying banking organizations that elect to use the CBLR framework and that maintain a leverage ratio of greater than required minimums are considered to have satisfied the generally applicable risk based and leverage capital requirements in the agencies’ capital rules and, if applicable, are considered to have met the well capitalized ratio requirements for purposes of Section 38 of the Federal Deposit Insurance Act. Under the interim final rules, the CBLR minimum requirement was 8% as of December 31, 2020, 8.5% for calendar year 2021, and 9% for calendar year 2022 and beyond. The interim rule allowed for a two-quarter grace period to correct a ratio that fell below the required amount, provided that the Bank maintained a leverage ratio of 7% as of December 31, 2020, 7.5% for calendar year 2021, and 8% for calendar year 2022 and beyond. Under the final rule, an eligible banking organization can opt out of the CBLR framework and revert back to the risk-weighting framework without restriction. As of December 31, 2023 and 2022, the Bank qualified as a community banking organization as defined by the federal banking agencies and elected to measure capital adequacy under the CBLR framework. The current rules were impacted by the Company’s adoption of ASC 326 and its election to apply the 3-year CECL transition provision on January 1, 2023. By making this election, the Bank, in accordance with Section 301 of the regulatory capital rules, will increase it retained earnings (Tier 1 Capital) and average assets by 75% of its CECL transition amount during the first year of the transition period, 50% of its CECL transition amount during the second year, and 25% of its CECL transitional amount during the third year of the transition period. The Bank’s transition amount from the adoption of CECL totaled $2,276, which resulted in the add-back of $1,707 to both Tier 1 capital and average assets as part of the CBLR calculation for December 31, 2023. The following tables summarize the actual and required capital amounts of the Bank as of year-end. Actual To Be Well Capitalized Under Prompt Corrective Action Regulations Bank Amount Ratio Amount Ratio Tier 1 capital (to average assets) December 31, 2023 $ 142,895 10.8 % $ 118,910 9.0 % December 31, 2022 135,404 11.0 110,806 9.0 Dividends paid by the subsidiaries are the primary source of funds available to Ohio Valley for payment of dividends to shareholders and for other working capital needs. The payment of dividends by the subsidiaries to Ohio Valley is subject to restrictions by regulatory authorities and state law. These restrictions generally limit dividends to the current and prior two years retained earnings of the Bank and Loan Central, Inc. At January 1, 2024 approximately $17,895 of the subsidiaries’ retained earnings were available for dividends under these guidelines. The ability of Ohio Valley to borrow funds from the Bank is limited as to amount and terms by banking regulations. The Board of Governors of the Federal Reserve System also has a policy requiring Ohio Valley to provide notice to the FRB in advance of the payment of a dividend to Ohio Valley’s shareholders under certain circumstances, and the FRB may disapprove of such dividend payment if the FRB determines the payment would be an unsafe or unsound practice.

Parent Company Only Condensed F

Parent Company Only Condensed Financial Information	12 Months Ended
	Dec. 31, 2023
Parent Company Only Condensed Financial Information [Abstract]
Parent Company Only Condensed Financial Information	Note Q - Parent Company Only Condensed Financial Information Below is condensed financial information of Ohio Valley. In this information, Ohio Valley’s investment in its subsidiaries is stated at cost plus equity in undistributed earnings of the subsidiaries since acquisition. This information should be read in conjunction with the consolidated financial statements of the Company. CONDENSED STATEMENTS OF CONDITION Years ended December 31: Assets 2023 2022 Cash and cash equivalents $ 6,248 $ 4,697 Investment in subsidiaries 148,597 141,402 Notes receivable 2,683 2,365 Other assets 293 259 Total assets $ 157,821 $ 148,723 Liabilities Notes payable $ 2,394 $ 2,376 Subordinated debentures 8,500 8,500 Other liabilities 2,920 2,819 Total liabilities 13,814 13,695 Shareholders’ Equity Total shareholders’ equity 144,007 135,028 Total liabilities and shareholders’ equity $ 157,821 $ 148,723 CONDENSED STATEMENTS OF INCOME Years ended December 31: Income: 2023 2022 Interest on notes $ 91 $ 29 Dividends from subsidiaries 5,020 4,180 Expenses: Interest on notes 91 29 Interest on subordinated debentures 598 296 Operating expenses 369 396 Income before income taxes and equity in undistributed earnings of subsidiaries 4,053 3,488 Income tax benefit 196 141 Equity in undistributed earnings of subsidiaries 8,382 9,709 Net Income $ 12,631 $ 13,338 Other comprehensive income (loss), net of tax 3,385 (15,521 ) Comprehensive Income $ 16,016 $ (2,183 ) CONDENSED STATEMENTS OF CASH FLOWS Years ended December 31: Cash flows from operating activities: 2023 2022 Net Income $ 12,631 $ 13,338 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (8,382 ) (9,709 ) Common stock issued to ESOP 124 575 Change in other assets (34 ) (221 ) Change in other liabilities 101 72 Net cash provided by operating activities 4,440 4,055 Cash flows from investing activities: Proceeds from closing of OVBC Captive 2,364 — Change in notes receivable (318 ) (242 ) Net cash provided by (used in) investing activities 2,046 (242 ) Cash flows from financing activities: Change in notes payable 18 238 Purchases of treasury stock (82 ) — Cash dividends paid (4,871 ) (4,720 ) Net cash used in financing activities (4,935 ) (4,482 ) Cash and cash equivalents: Change in cash and cash equivalents 1,551 (669 ) Cash and cash equivalents at beginning of year 4,697 5,366 Cash and cash equivalents at end of year $ 6,248 $ 4,697

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2023
Segment Information [Abstract]
Segment Information	Note R - Segment Information The reportable segments are determined by the products and services offered, primarily distinguished between banking and consumer finance. They are also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business which are then aggregated if operating performance, products/services, and customers are similar. Loans, investments, and deposits provide the majority of the net revenues from the banking operation, while loans provide the majority of the net revenues for the consumer finance segment. All Company segments are domestic. Total revenues from the banking segment, which accounted for the majority of the Company’s total revenues, totaled 95.2% and 94.2% of total consolidated revenues for the years ended December 31, 2023 and 2022, respectively. The accounting policies used for the Company’s reportable segments are the same as those described in Note A - Summary of Significant Accounting Policies. Income taxes are allocated based on income before tax expense. All goodwill is in the Banking segment. Segment information is as follows: Year Ended December 31, 2023 Banking Consumer Finance Total Company Net interest income $ 43,711 $ 2,316 $ 46,027 Provision for (recovery of) loan losses 2,025 65 2,090 Noninterest income 11,513 1,116 12,629 Noninterest expense 38,833 2,535 41,368 Provision for income taxes 2,394 173 2,567 Net income 11,972 659 12,631 Assets 1,336,861 15,274 1,352,135 Year Ended December 31, 2022 Banking Consumer Finance Total Net interest income $ 42,529 $ 2,249 $ 44,778 Provision for (recovery of) loan losses (100 ) 68 (32 ) Noninterest income 9,121 1,041 10,162 Noninterest expense 36,612 2,428 39,040 Provision for income taxes 2,429 165 2,594 Net income 12,709 629 13,338 Assets 1,195,974 14,813 1,210,787

Risks and Uncertainties

Risks and Uncertainties	12 Months Ended
	Dec. 31, 2023
Risks and Uncertainties [Abstract]
Risks and Uncertainties	Note S - Risks and Uncertainties The risks pertinent to our bank regarding liquidity and rising deposit costs have increased due to an elevated interest rate environment and increased deposit competition within our markets. Our liquidity position is supported by the management of liquid assets such as cash and interest-bearing deposits with banks, and liabilities such as core deposits. The bank can also access other sources of funds such as brokered deposits and FHLB advances. With the present economic conditions putting a strain on liquidity and higher borrowing costs, the Company believes it has sufficient liquid assets and funding sources should there be a liquidity need.

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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Description of Business	Description of Business: Ohio Valley Banc Corp. (“Ohio Valley”) is a financial holding company registered under the Bank Holding Company Act of 1956. hio Valley has one banking subsidiary, The Ohio Valley Bank Company (the “Bank”), an Ohio state-chartered bank that is a member of the Federal Reserve Bank (“FRB”) and is regulated primarily by the Ohio Division of Financial Institutions and the Federal Reserve Board. Ohio Valley also has a subsidiary that engages in consumer lending generally to individuals with higher credit risk history, Loan Central, Inc.; and a subsidiary insurance agency that facilitates the receipts of insurance commissions, Ohio Valley Financial Services Agency, LLC. The Bank has one wholly-owned subsidiary, Ohio Valley REO, LLC (“Ohio Valley REO”), an Ohio limited liability company, to which the Bank transfers certain real estate acquired by the Bank through foreclosure for sale by Ohio Valley REO. In December 2023, Ohio Valley ceased operating Race Day Mortgage, Inc. (“Race Day”), which had been a wholly-owned subsidiary of the Bank since April 2021. The decision to cease operating Race Day was made due to low loan demand, poor employee retention, and lack of profitability. In December 2023, Ohio Valley also ceased operating OVBC Captive, Inc. (the “Captive”), which had been a subsidiary of Ohio Valley since July 2014. The decision to cease operating the Captive was the result of proposed IRS regulations that adversely impacted the taxation of small captives and severely limited the Captive’s ability to operate. Ohio Valley and its subsidiaries are collectively referred to herein as the “Company.” The Company provides a full range of commercial and retail banking services from 23 offices located in southeastern Ohio and western West Virginia. It accepts deposits in checking, savings, time and money market accounts and makes personal, commercial, floor plan, student, construction and real estate loans. Substantially all loans are secured by specific items of collateral, including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from business operations. The Company also offers safe deposit boxes, wire transfers and other standard banking products and services. The Bank’s deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”). In addition to accepting deposits and ma The Bank’s trust department provides a wide variety of fiduciary services for trusts, estates and benefit plans and also provides investment and security services as an agent for its customers.
Principles of Consolidation	Principles of Consolidation: The consolidated financial statements include the accounts of Ohio Valley and its wholly-owned subsidiaries, the Bank, Loan Central, Inc., and Ohio Valley Financial Services Agency, LLC. All material intercompany accounts and transactions have been eliminated.
Industry Segment Information	Industry Segment Information Internal financial information is primarily reported and aggregated in two lines of business, banking and consumer finance.
Use of Estimates	Use of Estimates The accounting and reporting policies followed by the Company conform to U.S. generally accepted accounting principles (“US GAAP”) established by the Financial Accounting Standards Board (“FASB”). The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ.
Cash and Cash Equivalents	Cash and Cash Equivalents: Cash and cash equivalents include cash on hand, noninterest-bearing deposits with banks, federal funds sold and interest-bearing deposits with banks with maturity terms of less than 90 days. Generally, federal funds are purchased and sold for one-day periods. The Company reports net cash flows for customer loan transactions, deposit transactions, short-term borrowings and interest-bearing deposits with other financial institutions.
Certificates of Deposit in Financial Institutions	Certificates of deposit in financial institutions: Certificates of deposit in financial institutions are carried at cost and have maturity terms of 90 days or greater. The Company had no certificates of deposit in financial institutions at December 31, 2023
Debt Securities	Debt Securities: The Company classifies securities into held to maturity (“HTM”) and available for sale (“AFS”) categories. HTM securities are those which the Company has the positive intent and ability to hold to maturity and are reported at amortized cost. Securities classified as AFS include securities that could be sold for liquidity, investment management or similar reasons even if there is not a present intention of such a sale. AFS securities are reported at fair value, with unrealized gains or losses included in other comprehensive income, net of tax. Premium amortization is deducted from, and discount accretion is added to, interest income on securities using the level yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses are recognized upon the sale of specific identified securities on the completed trade date.
Allowance for Credit Losses ("ACL") - AFS Securities	Allowance for Credit Losses (“ACL”) – Changes in the ACL are recorded as credit loss expense (or reversal). Losses are charged against the allowance when management believes the uncollectibility of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable Management classifies the AFS portfolio into the following major security types: U.S. Government securities, U.S. Government sponsored entity securities, and Agency mortgage-backed residential securities. At December 31, 2023, there was no ACL related to AFS debt securities.
ACL - HTM Securities	ACL – HTM Securities: Management measures expected credit losses on HTM debt securities on a collective basis by major security type with each type sharing similar risk characteristics and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The ACL on securities HTM is a contra asset valuation account that is deducted from the carrying amount of HTM securities to present the net amount expected to be collected. HTM securities are charged off against the ACL when deemed uncollectible. Adjustments to the ACL are reported in the Company’s consolidated statements of income in the provision for credit losses. Accrued interest receivable on HTM securities is excluded from the estimate of credit losses. Management classifies the HTM portfolio into two major security types: Obligations of states and political subdivisions and Agency mortgage-backed residential securities. Agency mortgage-backed residential securities consist of only two securities with balances that are not significant. With regard to obligations of states and political subdivisions, management considers (1) issuer bond ratings, (2) historical loss rates for given bond ratings, (3) the financi
Restricted Investments in Bank Stocks	Restricted Investments in Bank Stocks: As a member of the Federal Home Loan Bank (“FHLB”) system and the FRB system, the Bank is required to own a certain amount of stock based on its level of borrowings and other factors and may invest in additional amounts. FHLB stock and FRB stock are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. The Company has additional investments in other restricted bank stocks that are not material to the financial statements.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of unearned interest, deferred loan fees and costs, and an ACL. Interest income is reported on an accrual basis using the interest method and includes amortization of net deferred loan fees and costs over the loan term using the level yield method without anticipating prepayments. The amount of the Company’s recorded investment is not materially different than the amount of unpaid principal balance for loans. Interest income is discontinued and the loan moved to non-accrual status when full loan repayment is in doubt, typically when the loan payments are past due 90 days or over unless the loan is well-secured or in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis method until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The Bank also originates long-term, fixed-rate mortgage loans, with the full intention of being sold to the secondary market. These loans are considered held for sale during the period of time after the principal has been advanced to the borrower by the Bank, but before the Bank has been reimbursed by the Federal Home Loan Mortgage Corporation, typically within a few business days. Loans sold to the secondary market are carried at the lower of aggregate cost or fair value. As of December 31, 2023 and 2022, there were no loans held for sale by the Bank
ACL - Loans	ACL - Loans: The ACL for loans is a contra asset valuation account that is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL is adjusted through the provision for credit losses and reduced by net charge offs of loans. The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. Portfolio Segment Measurement Method Loss Driver Residential real estate Cumulative Undiscounted Expected Loss National Unemployment, National GDP Commercial real estate: Owner-occupied Cumulative Undiscounted Expected Loss National Unemployment, National GDP Nonowner-occupied Cumulative Undiscounted Expected Loss National Unemployment, National GDP Construction Cumulative Undiscounted Expected Loss National Unemployment, National GDP Commercial and industrial Cumulative Undiscounted Expected Loss National Unemployment, National GDP Consumer: Automobile Cumulative Undiscounted Expected Loss National Unemployment Home equity Cumulative Undiscounted Expected Loss National Unemployment Other Cumulative Undiscounted Expected Loss, Remaining Life Method National Unemployment Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. In defining historical loss rates and the prepayment rates and curtailment rates used to determine the expected life of loans, the use of regional and national peer data was used. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable andsupportable forecasts not already reflected in the historical loss information at the balance sheet date. Our reasonable and supportable forecast adjustment is based on the national unemployment rate and the national gross domestic product forecast for the first year. For periods beyond our reasonable and supportable forecast, we revert to historical loss rates utilizing a straight-line method over a two-year reversion period. The qualitative adjustments for current conditions are based upon changes in lending policies and practices, experience and ability of lending staff, quality of the Company’s loan review system, value of underlying collateral, the volume and severity of past due loans, the value of underlying collateral for collateral dependent loans, the existence of and changes in concentrations and other external factors. Each factor is assigned a value to reflect improving, stable, or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals, and modifications unless either of the following applies: management has a reasonable expectation at the reporting date that a troubled debt restructuring will be executed with an individual borrower, or the extension of renewal options are included in the original or modified contract at the reporting date and are not unconditionally cancellable by the Company. The Company has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not also included in the collective evaluation. We evaluate all loans that meet the following criteria: 1) when it is determined that foreclosure is probable; 2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral; 3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance. At December 31, 2023, there was $8,767 in the ACL related to loans, with corresponding provision expense of $2,030 during the year ended December 31, 2023. The Company’s loan portfolio segments have been identified as follows: Commercial and Industrial, Commercial Real Estate, Residential Real Estate, and Consumer. Commercial and industrial: Commercial real estate: Portfolio segment consists of nonfarm, nonresidential loans secured by owner-occupied and nonowner-occupied commercial real estate as well as commercial construction loans. An owner-occupied loan relates to a borrower purchased building or space for which the repayment of principal is dependent upon cash flows from the ongoing business operations conducted by the party, or an affiliate of the party, who owns the property. Owner-occupied loans that are dependent on cash flows from operations can be adversely affected by current market conditions for their product or service. A nonowner-occupied loan is a property loan for which the repayment of principal is dependent upon rental income associated with the property or the subsequent sale of the property. Nonowner-occupied loans that are dependent upon rental income are primarily impacted by the level of interest rates associated with the debt and to local economic conditions, which dictate occupancy rates and the amount of rent charged. The increase in debt service due to higher interest rates may not be able to be passed on to tenants. As part of the origination process, loan interest rates and occupancy rates are stressed to determine the impact on the borrower’s ability to maintain adequate debt service under different economic conditions. Furthermore, the Company monitors the concentration in any one industry and has established limits relative to capital. In addition, credit quality trends are monitored by industry to determine if a change in the risk exposure to a certain industry may warrant a change in our underwriting standards. Commercial construction loans consist of borrowings to purchase and develop raw land into 1-4 family residential properties. Construction loans are extended to individuals as well as corporations for the construction of an individual or multiple properties and are secured by raw land and the subsequent improvements. Repayment of the loans to real estate developers is dependent upon the sale of properties to third parties in a timely fashion upon completion. Should there be delays in construction or a downturn in the market for those properties, there may be significant erosion in value that may be absorbed by the Company Residential real estate: Portfolio segment Consumer: Portfolio segment
ACL - Off-Balance Sheet Credit Exposures	ACL – Off-Balance Sheet Credit Exposures: 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 ACL on off-balance sheet credit exposures is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. At December 31, 2023, there was $692 in the ACL related to off-balance sheet credit exposures, with corresponding provision expense of $61 during the year ended December 31, 2023.
Concentrations of Credit Risk	Concentrations of Credit Risk: T he following represents the composition of the Company’s loan portfolio as of December 31: % of Total Loans 2023 2022 Residential real estate loans 32.88 % 33.56 % Commercial real estate loans 33.22 % 32.63 % Consumer loans 17.72 % 16.72 % Commercial and industrial loans 16.18 % 17.09 % 100.00 % 100.00 % The Bank, in the normal course of its operations, conducts business with correspondent financial institutions. Balances in correspondent accounts, investments in federal funds, certificates of deposit and other short-term securities are closely monitored to ensure that prudent levels of credit and liquidity risks are maintained. At December 31, 2023, the Bank’s primary correspondent balance was $113,136 on deposit at the FRB, Cleveland, Ohio.
Premises and Equipment	Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation, which is computed using the straight-line method over the estimated useful life of the owned asset and, for leasehold improvement, over the remaining term of the leased facility, whichever is shorter. The useful lives range from three seven The Company enters into leases in the normal course of business primarily for branch buildings and office space to conduct business. The Company’s leases have remaining terms ranging from 28 months to 18 years, some of which include options to extend the leases for up to 15 years. The Company includes lease extension and termination options in the lease term if, after considering relevant economic factors, it is reasonably certain the Company will exercise the option. In addition, the Company has elected to account for any non-lease components in its real estate leases as part of the associated lease component. The Company has also elected to not recognize leases with original lease terms of 12 months or less (short-term leases) on the Company’s balance sheet. Leases are classified as operating or finance leases at the lease commencement date. Lease expense for operating leases and short-term leases is recognized on a straight-line basis over the lease term. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. At December 31, 2023 and 2022, the Company did not have any finance leases. The Company’s operating lease ROU assets and operating lease liabilities are valued based on the present value of future minimum lease payments, discounted with an incremental borrowing rate for the same term as the underlying lease. The Company has one lease arrangement that contains variable lease payments that are adjusted periodically for an index.
Foreclosed Assets	Foreclosed assets Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. Physical possession of residential real estate property collateralizing a consumer mortgage loan occurs when legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed.
Goodwill	Goodwill: Goodwill arises from business combinations and is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill acquired in a purchase business combination and determined to have an indefinite useful life are not amortized but tested for impairment at least annually. Goodwill is the only intangible asset with an indefinite life on our balance sheet. The Company has selected December 31 as the date to perform its annual qualitative impairment test. Given that the Company has been profitable and had positive equity, the qualitative assessment indicated that it was more likely than not that the fair value of goodwill was more than the carrying amount, resulting in no impairment.
Long-term Assets	Long-term Assets: Premises and equipment and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value.
Mortgage Servicing Rights	Mortgage Servicing Rights: A mortgage servicing right (“MSR”) is a contractual agreement where the right to service a mortgage loan is sold by the original lender to another party. When the Company sells mortgage loans to the secondary market, it retains the servicing rights to these loans. The Company’s MSR is recognized separately when acquired through sales of loans and is initially recorded at fair value with the income statement effect recorded in mortgage banking income. Subsequently, the MSR is then amortized in proportion to and over the period of estimated future servicing income of the underlying loan. The MSR is then evaluated for impairment periodically based upon the fair value of the rights as compared to the carrying amount, with any impairment being recognized through a valuation allowance. Fair value of the MSR is based on market prices for comparable mortgage servicing contracts. Impairment is determined by stratifying rights into groupings based on predominant risk characteristics, such as interest rate, loan type and investor type. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. At December 31, 2023 and 2022, the Company’s MSR assets were $403 and $456, respectively.
Earnings Per Share	Earnings Per Share: Earnings per share is based on net income divided by the following weighted average number of common shares outstanding during the periods: 4,774,607 for 2023 and 4,769,135 for 2022. Ohio Valley had no dilutive effect and no potential common shares issuable under stock options or other agreements for any period presented.
Income Taxes	Income Taxes: Income tax expense is the sum of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. The effect on deferred tax assets and liabilities of a change in tax rates is recognized at the time of enactment of such change in tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to income tax matters in income tax expense.
Comprehensive Income	Comprehensive Income :
Loss Contingencies	Loss Contingencies tingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there now are such matters that will have a material effect on the finan
Bank Owned Life Insurance and Annuity Assets	Bank Owned Life Insurance and Annuity Assets: The Company has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. The Company also purchased an annuity investment for a certain key executive that earns interest.
Employee Stock Ownership Plan	Employee Stock Ownership Plan: Compensation expense is based on the market price of shares as they are committed to be allocated to participant accounts.
Dividend Reinvestment Plan	Dividend Reinvestment Plan: The Company maintains a Dividend Reinvestment Plan. The plan enables shareholders to elect to have their cash dividends on all or a portion of shares held automatically reinvested in additional shares of the Company’s common stock. The stock is issued out of the Company’s authorized shares and credited to participant accounts at fair market value. Dividends are reinvested on a quarterly basis.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments: Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. These financial instruments are recorded when they are funded. See Note L for more specific disclosure related to loan commitments.
Dividend Restrictions	Dividend Restrictions: Banking regulations require maintaining certain capital levels and may limit the dividends paid by the Bank to Ohio Valley or by Ohio Valley to its shareholders. See Note P for more specific disclosure related to dividend restrictions.
Restrictions on Cash	Restrictions on Cash: bank and the FRB totaled $113,136 and $30,908 at year-end 2023 and 2022, respectively, and were subject to clearing requirements but not subject to any regulatory reserve requirements. The balances on deposit with a third-party correspondent do not earn interest.
Derivatives	Derivatives : Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. At December 31, 2023 and 2022, the only derivative instruments used by the Company were interest rate swaps, which are classified as stand-alone derivatives. See Note H for more specific disclosures related to interest rate swaps.
Fair Value of Financial Instruments	Fair Value of Financial Instruments:
Reclassifications	Reclassifications :
Adoption of New Accounting Pronouncements	Adoption of New Accounting Pronouncements: Financial Instruments - Credit Losses (Topic 326): TDR’s and Vintage Disclosures Effective January 1, 2023, the Company adopted ASU No. 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, 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 US GAAP. The Company recorded a net decrease to retained earnings of $2,209 as of January 1, 2023 for the cumulative effect of adopting ASC 326. The following table illustrates the transition adjustment of adopting ASC 326: January 1, 2023 As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Assets: ACL - HTM debt securities Obligations of states and political subdivisions $ 3 $ — $ 3 ACL - Loans Residential real estate 2,026 681 1,345 Commercial real estate 2,200 2,038 162 Commercial and industrial 1,177 1,293 (116 ) Consumer 2,028 1,257 771 Total ACL - Loans $ 7,431 $ 5,269 $ 2,162 Deferred tax assets $ 6,853 $ 6,266 $ 587 Liabilities: ACL - Off-balance sheet commitments $ 631 $ — $ 631

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Composition of Loan Portfolio	T he following represents the composition of the Company’s loan portfolio as of December 31: % of Total Loans 2023 2022 Residential real estate loans 32.88 % 33.56 % Commercial real estate loans 33.22 % 32.63 % Consumer loans 17.72 % 16.72 % Commercial and industrial loans 16.18 % 17.09 % 100.00 % 100.00 %
Transition Adjustment of Adopting ASC 326	The following table illustrates the transition adjustment of adopting ASC 326: January 1, 2023 As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Assets: ACL - HTM debt securities Obligations of states and political subdivisions $ 3 $ — $ 3 ACL - Loans Residential real estate 2,026 681 1,345 Commercial real estate 2,200 2,038 162 Commercial and industrial 1,177 1,293 (116 ) Consumer 2,028 1,257 771 Total ACL - Loans $ 7,431 $ 5,269 $ 2,162 Deferred tax assets $ 6,853 $ 6,266 $ 587 Liabilities: ACL - Off-balance sheet commitments $ 631 $ — $ 631

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Securities [Abstract]
Amortized Cost and Fair Value of Securities Available-for-sale	The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at December 31, 2023 and 2022, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities Available for Sale December 31, 2023 U.S. Government securities $ 52,174 $ — $ (1,877 ) $ 50,297 U.S. Government sponsored entity securities 6,527 — (650 ) 5,877 Agency mortgage-backed securities, residential 118,218 — (12,134 ) 106,084 Total securities $ 176,919 $ — $ (14,661 ) $ 162,258 December 31, 2022 U.S. Government securities $ 57,698 $ — $ (2,906 ) $ 54,792 U.S. Government sponsored entity securities 8,845 — (862 ) 7,983 Agency mortgage-backed securities, residential 136,282 — (14,983 ) 121,299 Total securities $ 202,825 $ — $ (18,751 ) $ 184,074
Amortized Cost and Fair Value of Securities Held-to-maturity	Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Estimated Fair Value Allowance for Credit Losses Securities Held to Maturity December 31, 2023 Obligations of states and political subdivisions $ 7,987 $ 17 $ (615 ) $ 7,389 $ (2 ) Agency mortgage-backed securities, residential 1 — — 1 — Total securities $ 7,988 $ 17 $ (615 ) $ 7,390 $ (2 ) December 31, 2022 Obligations of states and political subdivisions $ 9,225 $ 32 $ (798 ) $ 8,459 Agency mortgage-backed securities, residential 1 — — 1 Total securities $ 9,226 $ 32 $ (798 ) $ 8,460
Amortized Cost and Fair Value of Securities by Contractual Maturity	Securities not due at a single maturity are shown separately. Available for Sale Held to Maturity Debt Securities: Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Due in one year or less $ 17,424 $ 17,257 $ 397 $ 392 Due in one to five years 41,277 38,917 3,974 3,780 Due in five to ten years — — 1,490 1,297 Due after ten years — — 2,126 1,920 Agency mortgage-backed securities, residential 118,218 106,084 1 1 Total debt securities $ 176,919 $ 162,258 $ 7,988 $ 7,390
Securities with Unrealized Losses in Continuous Unrealized Loss Position	The following table summarizes debt securities available for sale in an unrealized loss position for which an ACL has not been recorded at December 31, 2023 and December 31, 2022, aggregated by major security type and length of time in a continuous unrealized loss position: December 31, 2023 Less than 12 Months 12 Months or More Total Securities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government securities $ 9,474 $ (52 ) $ 40,823 $ (1,825 ) $ 50,297 $ (1,877 ) U.S. Government sponsored entity securities — — 5,877 (650 ) 5,877 (650 ) Agency mortgage-backed securities, residential — — 106,084 (12,134 ) 106,084 (12,134 ) Total available for sale $ 9,474 $ (52 ) $ 152,784 $ (14,609 ) $ 162,258 $ (14,661 ) December 31, 2022 Less than 12 Months 12 Months or More Total Securities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government securities $ 36,460 $ (977 ) $ 18,332 $ (1,929 ) $ 54,792 $ (2,906 ) U.S. Government sponsored entity securities 2,786 (60 ) 5,197 (802 ) 7,983 (862 ) Agency mortgage-backed securities, residential 71,510 (7,178 ) 49,789 (7,805 ) 121,299 (14,983 ) Total available for sale $ 110,756 $ (8,215 ) $ 73,318 $ (10,536 ) $ 184,074 $ (18,751 )
Allowance for Credit Losses for Held to Maturity Debt Securities	The following table presents the activity in the ACL for held to maturity debt securities for the year ended December 31, 2023: Held to Maturity Debt Securities 2023 Allowance for credit losses: Beginning balance $ — Impact of adopting ASC 326 3 Provision for (recovery of) credit loss expense (1 ) Allowance for credit losses ending balance $ 2

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2023
Loans and Allowance for Credit Losses [Abstract]
Portfolio Loans	Loans are comprised of the following at December 31: 2023 2022 Residential real estate $ 319,504 $ 297,036 Commercial real estate: Owner-occupied 82,356 72,719 Nonowner-occupied 178,201 182,831 Construction 62,337 33,205 Commercial and industrial 157,298 151,232 Consumer: Automobile 61,461 54,837 Home equity 35,893 27,791 Other 74,850 65,398 971,900 885,049 Less: Allowance for credit losses (8,767 ) (5,269 ) Loans, net $ 963,133 $ 879,780
Recorded Investment in Nonaccrual and Loans Past Due Over 90 Days Still on Accrual by Class of Loans	The following table presents the recorded investment of nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of December 31, 2023 and 2022: December 31, 2023 Loans Past Due 90 Days And Still Accruing Nonaccrual Loans With No ACL Nonaccrual Loans With an ACL Total Nonaccrual Loans Residential real estate $ 9 $ — $ 1,234 $ 1,234 Commercial real estate: Owner-occupied — 775 — 775 Nonowner-occupied — — 61 61 Construction — — 1 1 Commercial and industrial — — 48 48 Consumer: Automobile 56 — 78 78 Home equity — — 95 95 Other 54 — 100 100 Total $ 119 $ 775 $ 1,617 $ 2,392 December 31, 2022 Loans Past Due 90 Days And Still Accruing Nonaccrual Residential real estate $ 100 $ 1,708 Commercial real estate: Owner-occupied — 938 Nonowner-occupied — 70 Construction — 75 Commercial and industrial — 150 Consumer: Automobile 27 82 Home equity — 151 Other 411 59 Total $ 538 $ 3,233
Aging of Recorded Investment in Past Due Loans by Class of Loans	The following table presents the aging of the recorded investment of past due loans by class of loans as of December 31, 2023 and 2022: December 31, 2023 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Loans Not Past Due Total Residential real estate $ 2,705 $ 368 $ 481 $ 3,554 $ 315,950 $ 319,504 Commercial real estate: Owner-occupied 2,580 — 775 3,355 79,001 82,356 Nonowner-occupied 681 — — 681 177,520 178,201 Construction — — — — 62,337 62,337 Commercial and industrial 3,338 — 48 3,386 153,912 157,298 Consumer: Automobile 782 210 117 1,109 60,352 61,461 Home equity 353 62 95 510 35,383 35,893 Other 658 121 148 927 73,923 74,850 Total $ 11,097 $ 761 $ 1,664 $ 13,522 $ 958,378 $ 971,900 December 31, 2022 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Loans Not Past Due Total Residential real estate $ 1,799 $ 701 $ 497 $ 2,997 $ 294,039 $ 297,036 Commercial real estate: Owner-occupied 97 — 938 1,035 71,684 72,719 Nonowner-occupied 626 5 — 631 182,200 182,831 Construction 40 45 17 102 33,103 33,205 Commercial and industrial 21 — 150 171 151,061 151,232 Consumer: Automobile 804 240 97 1,141 53,696 54,837 Home equity 204 — 151 355 27,436 27,791 Other 875 113 452 1,440 63,958 65,398 Total $ 4,466 $ 1,104 $ 2,302 $ 7,872 $ 877,177 $ 885,049
Risk Category Loans by Class of Loans	As of December 31, 2023 and 2022, and based on the most recent analysis performed, the risk category of commercial loans by class of loans was as follows: Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial real estate: Owner-occupied Risk Rating Pass $ 18,120 $ 7,911 $ 10,679 $ 5,973 $ 6,125 $ 15,925 $ 459 $ 65,192 Special Mention — — — — — 427 — 427 Substandard — — 13,934 — 498 2,005 300 16,737 Doubtful — — — — — — — — Total $ 18,120 $ 7,911 $ 24,613 $ 5,973 $ 6,623 $ 18,357 $ 759 $ 82,356 Current Period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial real estate: Nonowner occupied Risk Rating Pass $ 12,688 $ 29,344 $ 32,235 $ 20,484 $ 15,415 $ 61,809 $ 1,128 $ 173,103 Special Mention — — 768 3,226 — 1,034 — 5,028 Substandard — — 70 — — — — 70 Doubtful — — — — — — — — Total $ 12,688 $ 29,344 $ 33,073 $ 23,710 $ 15,415 $ 62,843 $ 1,128 $ 178,201 Current Period gross charge-offs $ — $ — $ 132 $ — $ — $ — $ — $ 132 Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial real estate: Construction Risk Rating Pass $ 28,055 $ 29,174 $ 1,231 $ 302 $ 392 $ 2,937 $ — $ 62,091 Special Mention — — — — — — — — Substandard — — — — — 246 — 246 Doubtful — — — — — — — — Total $ 28,055 $ 29,174 $ 1,231 $ 302 $ 392 $ 3,183 $ — $ 62,337 Current Period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial and Industrial Risk Rating Pass $ 8,770 $ 30,885 $ 26,806 $ 31,247 $ 344 $ 27,632 $ 27,510 $ 153,194 Special Mention 140 — — — — 8 66 214 Substandard — — 58 1,363 4 182 2,283 3,890 Doubtful — — — — — — — — Total $ 8,910 $ 30,885 $ 26,864 $ 32,610 $ 348 $ 27,822 $ 29,859 $ 157,298 Current Period gross charge-offs $ — $ — $ — $ — $ — $ — $ 29 $ 29 December 31, 2022 Pass Criticized Classified Total Commercial real estate: Owner-occupied $ 68,236 $ 3,545 $ 938 $ 72,719 Nonowner-occupied 177,479 5,352 — 182,831 Construction 33,143 — 62 33,205 Commercial and industrial 147,627 1,879 1,726 151,232 Total $ 426,485 $ 10,776 $ 2,726 $ 439,987
Recorded Investment of Residential and Consumer Loans	The following table presents the recorded investment of residential and consumer loans by class of loans based on repayment activity as of December 31, 2023 and 2022 : Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Residential Real Estate: Payment Performance Performing $ 50,484 $ 44,640 $ 50,949 $ 44,818 $ 21,854 $ 91,956 $ 13,560 $ 318,261 Nonperforming — — — — 182 1,061 — 1,243 Total $ 50,484 $ 44,640 $ 50,949 $ 44,818 $ 22,036 $ 93,017 $ 13,560 $ 319,504 Current Period gross charge-offs $ — $ — $ 3 $ — $ — $ 118 $ — $ 121 Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Consumer: Automobile Payment Performance Performing $ 28,939 $ 20,376 $ 7,013 $ 3,028 $ 1,212 $ 759 $ — $ 61,327 Nonperforming 34 60 15 1 9 15 — 134 Total $ 28,973 $ 20,436 $ 7,028 $ 3,029 $ 1,221 $ 774 $ — $ 61,461 Current Period gross charge-offs $ 51 $ 163 $ 116 $ 6 $ 29 $ 3 $ — $ 368 Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Consumer: Home Equity Payment Performance Performing $ 1,649 $ 79 $ — $ — $ — $ — $ 34,070 $ 35,798 Nonperforming — — — — — — 95 95 Total $ 1,649 $ 79 $ — $ — $ — $ — $ 34,165 $ 35,893 Current Period gross charge-offs $ — $ — $ — $ — $ — $ — $ 87 $ 87 Term Loans Amortized Cost Basis by Origination Year December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Consumer: Other Payment Performance Performing $ 18,377 $ 24,904 $ 10,800 $ 4,482 $ 1,093 $ 953 $ 14,087 $ 74,696 Nonperforming 11 17 67 53 1 4 1 154 Total $ 18,388 $ 24,921 $ 10,867 $ 4,535 $ 1,094 $ 957 $ 14,088 $ 74,850 Current Period gross charge-offs $ 306 $ 119 $ 119 $ 84 $ 28 $ 53 $ 246 $ 955 Consumer December 31, 2022 Automobile Home Equity Other Residential Real Estate Total Performing $ 54,728 $ 27,640 $ 64,928 $ 295,228 $ 442,524 Nonperforming 109 151 470 1,808 2,538 Total $ 54,837 $ 27,791 $ 65,398 $ 297,036 $ 445,062
Activity in Allowance for Credit Losses by Portfolio Segment	The following table presents the activity in the ACL by portfolio segment for the years ended December 31, 2023 and 2022: December 31, 2023 Residential Real Estate Commercial Real Estate Commercial & Industrial Consumer Total Allowance for credit losses: Beginning balance $ 681 $ 2,038 $ 1,293 $ 1,257 $ 5,269 Impact of adopting ASC 326 1,345 162 (116 ) 771 2,162 Provision for credit losses 251 824 (85 ) 1,040 2,030 Loans charged off (121 ) (132 ) (29 ) (1,410 ) (1,692 ) Recoveries 57 155 212 574 998 Total ending allowance balance $ 2,213 $ 3,047 $ 1,275 $ 2,232 $ 8,767 December 31, 2022 Residential Real Estate Commercial Real Estate Commercial & Industrial Consumer Total Allowance for credit losses: Beginning balance $ 980 $ 2,548 $ 1,571 $ 1,384 $ 6,483 Provision for credit losses (318 ) (556 ) 283 559 (32 ) Loans charged off (135 ) (36 ) (618 ) (1,399 ) (2,188 ) Recoveries 154 82 57 713 1,006 Total ending allowance balance $ 681 $ 2,038 $ 1,293 $ 1,257 $ 5,269
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method	The following table presents the balance in the ACL and the recorded investment of loans by portfolio segment and based on impairment method as of December 31, 2022: December 31, 2022 Residential Real Estate Commercial Real Estate Commercial & Industrial Consumer Total Allowance for credit losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Collectively evaluated for impairment 681 2,038 1,293 1,257 5,269 Total ending allowance balance $ 681 $ 2,038 $ 1,293 $ 1,257 $ 5,269 Loans: Loans individually evaluated for impairment $ — $ 1,986 $ — $ 28 $ 2,014 Loans collectively evaluated for impairment 297,036 286,769 151,232 147,998 883,035 Total ending loans balance $ 297,036 $ 288,755 $ 151,232 $ 148,026 $ 885,049
Amortized Cost of Collateral Dependent Loans, by Class	The following table presents the amortized cost basis of collateral dependent loans by class of loans as of December 31, 2023: Collateral Type December 31, 2023 Real Estate Business Assets Total Residential real estate $ 1,663 $ — $ 1,663 Commercial real estate: Owner-occupied 700 258 958 Consumer: Home equity 27 — 27 Total collateral dependent loans $ 2,390 $ 258 $ 2,648
Loans Individually Evaluated for Impairment by Class of Loans	The following table presents information related to loans individually evaluated for impairment by class of loans as of the years ended December 31, 2022: December 31, 2022 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Average Impaired Loans Interest Income Recognized Cash Basis Interest Recognized With an allowance recorded: $ — $ — $ — $ — $ — $ — With no related allowance recorded: Commercial real estate: Owner-occupied 1,692 1,607 — 1,662 97 97 Nonowner-occupied 379 379 — 382 29 29 Consumer: Home equity 28 28 — 23 2 2 Total $ 2,099 $ 2,014 $ — $ 2,067 $ 128 $ 128

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Premises and Equipment [Abstract]
Premises and Equipment	Following is a summary of premises and equipment at December 31: 2023 2022 Land $ 2,568 $ 2,486 Buildings 23,867 22,526 Leasehold improvements 1,555 1,509 Furniture and equipment 11,137 10,410 39,127 36,931 Less accumulated depreciation 17,677 16,495 Total premises and equipment $ 21,450 $ 20,436
Premises and Equipment Held for Sale	Following is a summary of premises and equipment held for sale at December 31: 2023 2022 Land $ 84 $ 84 Buildings 594 594 678 678 Less accumulated depreciation 105 85 Total premises and equipment held for sale $ 573 $ 593

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Balance Sheet Information	Balance sheet information related to leases at December 31 was as follows: 2023 2022 Operating leases: Operating lease right-of-use assets $ 1,205 $ 1,294 Operating lease liabilities 1,205 1,294
Components of Lease Cost	The components of lease cost were as follows for the year ending December 31: 2023 2022 Operating lease cost $ 204 $ 185 Short-term lease expense 17 35
Maturities of Lease Liabilities	Future undiscounted lease payments for operating leases with initial terms of one year or more as of December 31, 2023 are as follows: Operating Leases 2024 $ 195 2025 195 2026 140 2027 109 2028 111 Thereafter 764 Total lease payments 1,514 Less: Imputed Interest (309 ) Total operating leases $ 1,205
Other Information	Other information at December 31 was as follows: 2023 2022 Weighted-average remaining lease term for operating leases 13.0 years 12.1 years Weighted-average discount rate for operating leases 2.91 % 2.70 %

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets [Abstract]
Goodwill	The change in goodwill during the year is as follows: Gross Carrying Amount 2023 2022 Goodwill $ 7,319 $ 7,319
Acquired Intangible Assets	Acquired intangible assets were as follows at year-end: 2023 2022 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Amortized intangible assets: Core deposit intangibles $ 738 $ 730 $ 738 $ 709
Estimated Amortization Expense	Estimated amortization expense for each of the next five years: 2024 $ 8 2025 — 2026 — 2027 — 2028 — Total $ 8

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Deposits	Following is a summary of deposits at December 31: 2023 2022 Noninterest-bearing deposits $ 322,222 $ 354,413 Interest-bearing deposits: NOW accounts 170,422 209,758 Savings and Money Market 255,369 311,565 Time deposits in denominations of $250 or less 301,323 115,049 Time deposits in denominations of more than $250 77,800 36,870 Total time deposits 379,123 151,919 Total interest-bearing deposits 804,914 673,242 Total deposits $ 1,127,136 $ 1,027,655
Maturities of Time Deposits	Following is a summary of total time deposits by remaining maturity at December 31, 2023: 2024 $ 261,922 2025 95,860 2026 19,001 2027 1,139 2028 1,023 Thereafter 178 Total $ 379,123

Other Borrowed Funds (Tables)

Other Borrowed Funds (Tables)	12 Months Ended
	Dec. 31, 2023
Other Borrowed Funds [Abstract]
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank	Other borrowed funds at December 31, 2023 and 2022 are comprised of advances from the FHLB of Cincinnati and promissory notes. FHLB Borrowings Promissory Notes Totals 2023 $ 42,199 $ 2,394 $ 44,593 2022 $ 15,569 $ 2,376 $ 17,945
Schedule of Maturities of Long-term Debt	Scheduled principal payments over the next five years: FHLB Borrowings Promissory Notes Totals 2024 $ 5,412 $ 2,394 $ 7,806 2025 4,983 — 4,983 2026 12,908 — 12,908 2027 11,397 — 11,397 2028 1,349 — 1,349 Thereafter 6,150 — 6,150 $ 42,199 $ 2,394 $ 44,593

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Taxes [Abstract]
Components of Provision for Income Taxes	The provision for income taxes consists of the following components: 2023 2022 Current tax expense $ 3,312 $ 2,306 Deferred tax (benefit) expense (745 ) 288 Total income taxes $ 2,567 $ 2,594
Deferred Tax Assets and Liabilities	The source of deferred tax assets and deferred tax liabilities at December 31: 2023 2022 Items giving rise to deferred tax assets: Other reserves $ 152 $ — Allowance for loan losses 1,916 1,146 Unrealized loss on securities available for sale 3,233 3,938 Deferred compensation 2,176 2,058 Deferred loan fees/costs 169 137 Accrued bonus 249 266 Purchase accounting adjustments 11 6 Net operating loss 49 66 Lease liability 332 355 Nonaccrual interest income 113 204 Other 43 294 Items giving rise to deferred tax liabilities: Mortgage servicing rights (88 ) (99 ) FHLB stock dividends (442 ) (676 ) Prepaid expenses (35 ) (231 ) Depreciation and amortization (841 ) (843 ) Right-of-use asset (332 ) (355 ) Other (399 ) — Net deferred tax asset $ 6,306 $ 6,266
Reconciliation of Income Tax Provision	The difference between the financial statement tax provision and amounts computed by applying the statutory federal income tax rate of 21% to income before taxes is as follows: 2023 2022 Statutory tax ( 21 $ 3,192 $ 3,346 Effect of nontaxable interest (468 ) (385 ) Effect of nontaxable insurance premiums (205 ) (240 ) Income from bank owned insurance, net (181 ) (168 ) Effect of postretirement benefits 45 (112 ) Effect of state income tax 170 155 Tax credits (25 ) (37 ) Other items 39 35 Total income taxes (1) $ 2,567 $ 2,594 (1) Effective income tax rate was 16.9% for 2023 and 16.3% for 2022

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingent Liabilities [Abstract]
Commitments	Following is a summary of such commitments at December 31: 2023 2022 Fixed rate $ 1,331 $ 1,110 Variable rate 181,622 177,151 Standby letters of credit 9,210 3,441

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Summary of Activity on Borrower Relationships with Aggregate Debt	A summary of activity on these borrower relationships with aggregate debt greater than $120 is as follows: Total loans at January 1, 2023 $ 16,696 New loans 855 Repayments (1,065 ) Other changes — Total loans at December 31, 2023 $ 16,486

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2023
Employee Benefits [Abstract]
Contributions to ESOP	In addition, the subsidiaries made contributions to the ESOP as follows: Years ended December 31 2023 2022 Number of shares issued 4,746 18,522 Fair value of stock contributed $ 125 $ 575 Cash contributed 473 — Total expense $ 598 $ 575

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value of Financial Instruments [Abstract]
Assets and Liabilities Measured on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized below: Fair Value Measurements at December 31, 2023, Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government securities $ 50,297 $ — $ — U.S. Government sponsored entity securities — 5,877 — Agency mortgage-backed securities, residential — 106,084 — Interest rate swap derivatives — 1,147 — Liabilities: Interest rate swap derivatives — (1,147 ) — Fair Value Measurements at December 31, 2022, Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government securities $ 54,792 $ — $ — U.S. Government sponsored entity securities — 7,983 — Agency mortgage-backed securities, residential — 121,299 — Interest rate swap derivatives — 1,340 — Liabilities: Interest rate swap derivatives — (1,340 ) —
Carrying Amounts and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments at December 31, 2023 and December 31, 2022 are as follows: Fair Value Measurements at December 31, 2023 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 128,126 $ 128,126 $ — $ — $ 128,126 Certificates of deposit in financial institutions — — — — — Securities available for sale 162,258 50,297 111,961 — 162,258 Securities held to maturity 7,986 — 4,281 3,109 7,390 Loans, net 963,133 — — 944,544 944,544 Interest rate swap derivatives 1,147 — 1,147 — 1,147 Accrued interest receivable 3,606 — 466 3,140 3,606 Financial Liabilities: Deposits 1,127,136 748,013 379,455 — 1,127,468 Other borrowed funds 44,593 — 45,799 — 45,799 Subordinated debentures 8,500 — 8,500 — 8,500 Interest rate swap derivatives 1,147 — 1,147 — 1,147 Accrued interest payable 6,597 1 6,596 — 6,597 Fair Value Measurements at December 31, 2022 Using: Carrying Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 45,990 $ 45,990 $ — $ — $ 45,990 Certificates of deposit in financial institutions 1,862 — 1,862 — 1,862 Securities available for sale 184,074 54,792 129,282 — 184,074 Securities held to maturity 9,226 — 4,987 3,473 8,460 Loans, net 879,780 — — 846,870 846,870 Interest rate swap derivatives 1,340 — 1,340 — 1,340 Accrued interest receivable 3,112 — 485 2,627 3,112 Financial Liabilities: Deposits 1,027,655 875,736 149,974 — 1,025,710 Other borrowed funds 17,945 — 16,364 — 16,364 Subordinated debentures 8,500 — 8,500 — 8,500 Interest rate swap derivatives 1,340 — 1,340 — 1,340 Accrued interest payable 432 1 431 — 432

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2023
Regulatory Matters [Abstract]
Capital Ratios Excluding the Capital Conservation Buffer	The following tables summarize the actual and required capital amounts of the Bank as of year-end. Actual To Be Well Capitalized Under Prompt Corrective Action Regulations Bank Amount Ratio Amount Ratio Tier 1 capital (to average assets) December 31, 2023 $ 142,895 10.8 % $ 118,910 9.0 % December 31, 2022 135,404 11.0 110,806 9.0

Parent Company Only Condensed_2

Parent Company Only Condensed Financial Information (Tables)	12 Months Ended
	Dec. 31, 2023
Parent Company Only Condensed Financial Information [Abstract]
Condensed Statements of Condition	CONDENSED STATEMENTS OF CONDITION Years ended December 31: Assets 2023 2022 Cash and cash equivalents $ 6,248 $ 4,697 Investment in subsidiaries 148,597 141,402 Notes receivable 2,683 2,365 Other assets 293 259 Total assets $ 157,821 $ 148,723 Liabilities Notes payable $ 2,394 $ 2,376 Subordinated debentures 8,500 8,500 Other liabilities 2,920 2,819 Total liabilities 13,814 13,695 Shareholders’ Equity Total shareholders’ equity 144,007 135,028 Total liabilities and shareholders’ equity $ 157,821 $ 148,723
Condensed Statements of Income	CONDENSED STATEMENTS OF INCOME Years ended December 31: Income: 2023 2022 Interest on notes $ 91 $ 29 Dividends from subsidiaries 5,020 4,180 Expenses: Interest on notes 91 29 Interest on subordinated debentures 598 296 Operating expenses 369 396 Income before income taxes and equity in undistributed earnings of subsidiaries 4,053 3,488 Income tax benefit 196 141 Equity in undistributed earnings of subsidiaries 8,382 9,709 Net Income $ 12,631 $ 13,338 Other comprehensive income (loss), net of tax 3,385 (15,521 ) Comprehensive Income $ 16,016 $ (2,183 )
Condensed Statements of Cash Flows	CONDENSED STATEMENTS OF CASH FLOWS Years ended December 31: Cash flows from operating activities: 2023 2022 Net Income $ 12,631 $ 13,338 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (8,382 ) (9,709 ) Common stock issued to ESOP 124 575 Change in other assets (34 ) (221 ) Change in other liabilities 101 72 Net cash provided by operating activities 4,440 4,055 Cash flows from investing activities: Proceeds from closing of OVBC Captive 2,364 — Change in notes receivable (318 ) (242 ) Net cash provided by (used in) investing activities 2,046 (242 ) Cash flows from financing activities: Change in notes payable 18 238 Purchases of treasury stock (82 ) — Cash dividends paid (4,871 ) (4,720 ) Net cash used in financing activities (4,935 ) (4,482 ) Cash and cash equivalents: Change in cash and cash equivalents 1,551 (669 ) Cash and cash equivalents at beginning of year 4,697 5,366 Cash and cash equivalents at end of year $ 6,248 $ 4,697

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Information [Abstract]
Segment Information	Segment information is as follows: Year Ended December 31, 2023 Banking Consumer Finance Total Company Net interest income $ 43,711 $ 2,316 $ 46,027 Provision for (recovery of) loan losses 2,025 65 2,090 Noninterest income 11,513 1,116 12,629 Noninterest expense 38,833 2,535 41,368 Provision for income taxes 2,394 173 2,567 Net income 11,972 659 12,631 Assets 1,336,861 15,274 1,352,135 Year Ended December 31, 2022 Banking Consumer Finance Total Net interest income $ 42,529 $ 2,249 $ 44,778 Provision for (recovery of) loan losses (100 ) 68 (32 ) Noninterest income 9,121 1,041 10,162 Noninterest expense 36,612 2,428 39,040 Provision for income taxes 2,429 165 2,594 Net income 12,709 629 13,338 Assets 1,195,974 14,813 1,210,787

Summary of Significant Accoun_4

Summary of Significant Accounting Policies, Description of Business, and Industry Segment Information (Details)	12 Months Ended
	Dec. 31, 2023 Subsidiaries Business Office
Description of Business [Abstract]
Number of banking subsidiaries	1
Number of wholly-owned subsidiaries	1
Number of stores | Office	23
Industry Segment Information [Abstract]
Number of reported lines of business | Business	2

Summary of Significant Accoun_5

Summary of Significant Accounting Policies, (ACL) AFS Securities, HTM Securities, Loans, Off-Balance Sheet Credit Exposures and Concentrations of Credit Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Allowance for Loan Losses [Abstract]
Accrued interest receivable on AFS debt securities	$ 394
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable
ACL related to AFS debt securities	$ 0
ACL related to HTM debt securities	2	$ 0
ACL related to HTM debt securities, recovery of provision expense	$ (1)
Credit loss, reversion period	2 years
ACL related to loans	$ 8,767	5,269	$ 6,483
Provision expense	$ 2,030	(32)
Loans maturity period	6 years
ACL related to off-balance sheet credit	$ 692	0
ACL related to off-balance sheet credit with corresponding provision expense	61
Loans [Abstract]
Loans held for sale	$ 0	$ 0
Concentrations of Credit Risk [Abstract]
% Total Loans	100%	100%
Due from Banks	$ 113,136
Residential Real Estate Loans [Member]
Allowance for Loan Losses [Abstract]
ACL related to loans	2,213	$ 681	980
Provision expense	$ 251	$ (318)
Concentrations of Credit Risk [Abstract]
% Total Loans	32.88%	33.56%
Commercial Real Estate Loans [Member]
Allowance for Loan Losses [Abstract]
ACL related to loans	$ 3,047	$ 2,038	2,548
Provision expense	$ 824	$ (556)
Concentrations of Credit Risk [Abstract]
% Total Loans	33.22%	32.63%
Consumer Loans [Member]
Allowance for Loan Losses [Abstract]
ACL related to loans	$ 2,232	$ 1,257	$ 1,384
Provision expense	$ 1,040	$ 559
Concentrations of Credit Risk [Abstract]
% Total Loans	17.72%	16.72%
Commercial and Industrial Loans [Member]
Concentrations of Credit Risk [Abstract]
% Total Loans	16.18%	17.09%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies, Premises and Equipment, Goodwill, MSR, EPS and Restrictions on Cash (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Finance lease	$ 0
Goodwill [Abstract]
Goodwill impairment	0	$ 0
Mortgage Servicing Rights [Abstract]
MSR assets	$ 403	$ 456
Earnings Per Share [Abstract]
Number of weighted average common shares outstanding (in shares)	4,774,607	4,769,135
Restrictions on Cash [Abstract]
Restricted cash	$ 113,136	$ 30,908
Minimum [Member]
Property, Plant and Equipment [Abstract]
Operating lease term	28 months
Maximum [Member]
Property, Plant and Equipment [Abstract]
Operating lease term	18 years
Operating lease renewal term	15 years
Equipment Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, useful life	3 years
Equipment Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, useful life	8 years
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, useful life	7 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Abstract]
Property, plant and equipment, useful life	39 years

Summary of Significant Accoun_7

Summary of Significant Accounting Policies, Adoption of New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Adoption of New Accounting Pronouncements [Abstract]
HTM debt securities	$ 7,988	$ 9,226
ACL related to loans	8,767	5,269	$ 6,483
Deferred tax assets	6,306	6,266
ACL related to off-balance sheet credit	692	0
Obligations of States and Political Subdivisions [Member]
Adoption of New Accounting Pronouncements [Abstract]
HTM debt securities	7,987	9,225
Residential Real Estate Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans	2,213	681	980
Commercial Real Estate Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans	3,047	2,038	2,548
Commercial and Industrial [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans	1,275	1,293	1,571
Consumer Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans	$ 2,232	1,257	$ 1,384
Accounting Standards Update 2016-13 [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		7,431
Deferred tax assets		6,853
ACL related to off-balance sheet credit		631
Accounting Standards Update 2016-13 [Member] | Obligations of States and Political Subdivisions [Member]
Adoption of New Accounting Pronouncements [Abstract]
HTM debt securities		3
Accounting Standards Update 2016-13 [Member] | Residential Real Estate Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		2,026
Accounting Standards Update 2016-13 [Member] | Commercial Real Estate Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		2,200
Accounting Standards Update 2016-13 [Member] | Commercial and Industrial [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		1,177
Accounting Standards Update 2016-13 [Member] | Consumer Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		2,028
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Accounting Standards Update 2016-13 [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		5,269
Deferred tax assets		6,266
ACL related to off-balance sheet credit		0
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Accounting Standards Update 2016-13 [Member] | Obligations of States and Political Subdivisions [Member]
Adoption of New Accounting Pronouncements [Abstract]
HTM debt securities		0
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Accounting Standards Update 2016-13 [Member] | Residential Real Estate Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		681
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Accounting Standards Update 2016-13 [Member] | Commercial Real Estate Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		2,038
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Accounting Standards Update 2016-13 [Member] | Commercial and Industrial [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		1,293
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Accounting Standards Update 2016-13 [Member] | Consumer Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		1,257
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		2,162
Deferred tax assets		587
ACL related to off-balance sheet credit		631
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | Obligations of States and Political Subdivisions [Member]
Adoption of New Accounting Pronouncements [Abstract]
HTM debt securities		3
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | Residential Real Estate Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		1,345
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | Commercial Real Estate Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		162
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | Commercial and Industrial [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		(116)
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | Consumer Loans [Member]
Adoption of New Accounting Pronouncements [Abstract]
ACL related to loans		$ 771

Securities, Amortized Cost and

Securities, Amortized Cost and Fair Value of Securities Available-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Available-for-sale Investment Securities [Abstract]
Amortized Cost	$ 176,919	$ 202,825
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(14,661)	(18,751)
Estimated Fair Value	162,258	184,074
U.S. Government Securities [Member]
Available-for-sale Investment Securities [Abstract]
Amortized Cost	52,174	57,698
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,877)	(2,906)
Estimated Fair Value	50,297	54,792
U.S. Government Sponsored Entity Securities [Member]
Available-for-sale Investment Securities [Abstract]
Amortized Cost	6,527	8,845
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(650)	(862)
Estimated Fair Value	5,877	7,983
Agency Mortgage-backed Securities, Residential [Member]
Available-for-sale Investment Securities [Abstract]
Amortized Cost	118,218	136,282
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(12,134)	(14,983)
Estimated Fair Value	$ 106,084	$ 121,299

Securities, Amortized Cost an_2

Securities, Amortized Cost and Fair Value of Securities Held-to-maturity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Held-to-maturity, Maturity, Amortized Cost [Abstract]
Amortized Cost	$ 7,988	$ 9,226
Gross Unrealized Gains	17	32
Gross Unrecognized Losses	(615)	(798)
Estimated Fair Value	7,390	8,460
Allowance for Credit Losses	(2)	0
Unrealized Losses and Other-than-temporary Impairment [Abstract]
Holding of securities issued	0	0
Proceeds from sale of debt securities	1,067	10,963
Loss on sale of securities	(23)	(1,537)
Debt securities	126,994	126,318
Obligations of States and Political Subdivisions [Member]
Debt Securities, Held-to-maturity, Maturity, Amortized Cost [Abstract]
Amortized Cost	7,987	9,225
Gross Unrealized Gains	17	32
Gross Unrecognized Losses	(615)	(798)
Estimated Fair Value	7,389	8,459
Allowance for Credit Losses	(2)
Agency Mortgage-backed Securities, Residential [Member]
Debt Securities, Held-to-maturity, Maturity, Amortized Cost [Abstract]
Amortized Cost	1	1
Gross Unrealized Gains	0	0
Gross Unrecognized Losses	0	0
Estimated Fair Value	1	$ 1
Allowance for Credit Losses	$ 0

Securities, Amortized Cost an_3

Securities, Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amortized cost of Available-for-sale Securities by Contractual Maturity [Abstract]
Due in one year or less	$ 17,424
Due in one to five years	41,277
Due in five to ten years	0
Due after ten years	0
Agency mortgage-backed securities, residential	118,218
Amortized Cost	176,919	$ 202,825
Fair Value of Available-for-sale Securities by Contractual Maturity [Abstract]
Due in one year or less	17,257
Due in one to five years	38,917
Due in five to ten years	0
Due after ten years	0
Agency mortgage-backed securities, residential	106,084
Estimated Fair Value	162,258	184,074
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract]
Due in one year or less	397
Due in one to five years	3,974
Due in five to ten years	1,490
Due after ten years	2,126
Agency mortgage-backed securities, residential	1
Amortized Cost	7,988	9,226
Debt Securities, Held-to-maturity, Maturity, Fair Value [Abstract]
Due in one year or less	392
Due in one to five years	3,780
Due in five to ten years	1,297
Due after ten years	1,920
Agency mortgage-backed securities, residential	1
Estimated Fair Value	$ 7,390	$ 8,460

Securities, Available-for-sale

Securities, Available-for-sale Securities with Unrealized Losses in Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2023 USD ($) Security	Dec. 31, 2022 USD ($)
Available-for-sale Securities with Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months - Fair Value	$ 9,474	$ 110,756
12 Months or More - Fair Value	152,784	73,318
Fair Value	162,258	184,074
Available-for-sale Securities with Continuous Unrealized Loss Position, Unrealized Loss [Abstract]
Less than 12 Months - Unrealized Loss	(52)	(8,215)
12 Months or More - Unrealized Loss	(14,609)	(10,536)
Unrealized Loss	$ (14,661)	(18,751)
Number of securities in unrealized loss position | Security	96
U.S. Government Securities [Member]
Available-for-sale Securities with Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months - Fair Value	$ 9,474	36,460
12 Months or More - Fair Value	40,823	18,332
Fair Value	50,297	54,792
Available-for-sale Securities with Continuous Unrealized Loss Position, Unrealized Loss [Abstract]
Less than 12 Months - Unrealized Loss	(52)	(977)
12 Months or More - Unrealized Loss	(1,825)	(1,929)
Unrealized Loss	$ (1,877)	(2,906)
Number of securities in unrealized loss position | Security	13
U.S. Government Sponsored Entity Securities [Member]
Available-for-sale Securities with Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months - Fair Value	$ 0	2,786
12 Months or More - Fair Value	5,877	5,197
Fair Value	5,877	7,983
Available-for-sale Securities with Continuous Unrealized Loss Position, Unrealized Loss [Abstract]
Less than 12 Months - Unrealized Loss	0	(60)
12 Months or More - Unrealized Loss	(650)	(802)
Unrealized Loss	$ (650)	(862)
Number of securities in unrealized loss position | Security	3
Agency Mortgage-backed Securities, Residential [Member]
Available-for-sale Securities with Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than 12 Months - Fair Value	$ 0	71,510
12 Months or More - Fair Value	106,084	49,789
Fair Value	106,084	121,299
Available-for-sale Securities with Continuous Unrealized Loss Position, Unrealized Loss [Abstract]
Less than 12 Months - Unrealized Loss	0	(7,178)
12 Months or More - Unrealized Loss	(12,134)	(7,805)
Unrealized Loss	$ (12,134)	$ (14,983)
Number of securities in unrealized loss position | Security	80

Securities, Held-to-Maturity Se

Securities, Held-to-Maturity Securities Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses beginning balance	$ 0
Provision for (recovery of) credit loss expense	(1)
Allowance for credit losses ending balance	$ 2	$ 0
Cumulative loss rate	0.02%	0.03%
ASC 326 [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses beginning balance	$ 3
Allowance for credit losses ending balance		$ 3

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses, Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans [Abstract]
Total loans	$ 971,900	$ 885,049
Less: Allowance for credit losses	(8,767)	(5,269)	$ (6,483)
Net loans	963,133	879,780
Deferred loan origination costs, net	794	663
Unamortized loan purchase premiums, net	687	1,142
Residential Real Estate [Member]
Loans [Abstract]
Total loans	319,504	297,036
Less: Allowance for credit losses	(2,213)	(681)	(980)
Commercial Real Estate [Member]
Loans [Abstract]
Total loans		288,755
Less: Allowance for credit losses	(3,047)	(2,038)	(2,548)
Commercial Real Estate [Member] | Owner-occupied [Member]
Loans [Abstract]
Total loans	82,356	72,719
Commercial Real Estate [Member] | Nonowner-occupied [Member]
Loans [Abstract]
Total loans	178,201	182,831
Commercial Real Estate [Member] | Construction [Member]
Loans [Abstract]
Total loans	62,337	33,205
Commercial and Industrial [Member]
Loans [Abstract]
Total loans	157,298	151,232
Less: Allowance for credit losses	(1,275)	(1,293)	(1,571)
Consumer [Member]
Loans [Abstract]
Total loans		148,026
Less: Allowance for credit losses	(2,232)	(1,257)	$ (1,384)
Consumer [Member] | Automobile [Member]
Loans [Abstract]
Total loans	61,461	54,837
Consumer [Member] | Home Equity [Member]
Loans [Abstract]
Total loans	35,893	27,791
Consumer [Member] | Other [Member]
Loans [Abstract]
Total loans	$ 74,850	$ 65,398

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses, Nonaccrual Loans and Loans Past Due 90 Days or More and Still Accruing (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Recorded Investment in Nonaccrual and Loans Past Due Over90 Days Still on Accrual by Class of Loans [Abstract]
Loans past due 90 days and still accruing	$ 119	$ 538
Nonaccrual Loans With No ACL	775
Nonaccrual Loans With an ACL	1,617
Nonaccrual	2,392	3,233
Nonaccrual, interest income	146
Residential Real Estate [Member]
Recorded Investment in Nonaccrual and Loans Past Due Over90 Days Still on Accrual by Class of Loans [Abstract]
Loans past due 90 days and still accruing	9	100
Nonaccrual Loans With No ACL	0
Nonaccrual Loans With an ACL	1,234
Nonaccrual	1,234	1,708
Commercial Real Estate [Member] | Owner-occupied [Member]
Recorded Investment in Nonaccrual and Loans Past Due Over90 Days Still on Accrual by Class of Loans [Abstract]
Loans past due 90 days and still accruing	0	0
Nonaccrual Loans With No ACL	775
Nonaccrual Loans With an ACL	0
Nonaccrual	775	938
Commercial Real Estate [Member] | Nonowner-occupied [Member]
Recorded Investment in Nonaccrual and Loans Past Due Over90 Days Still on Accrual by Class of Loans [Abstract]
Loans past due 90 days and still accruing	0	0
Nonaccrual Loans With No ACL	0
Nonaccrual Loans With an ACL	61
Nonaccrual	61	70
Commercial Real Estate [Member] | Construction [Member]
Recorded Investment in Nonaccrual and Loans Past Due Over90 Days Still on Accrual by Class of Loans [Abstract]
Loans past due 90 days and still accruing	0	0
Nonaccrual Loans With No ACL	0
Nonaccrual Loans With an ACL	1
Nonaccrual	1	75
Commercial and Industrial [Member]
Recorded Investment in Nonaccrual and Loans Past Due Over90 Days Still on Accrual by Class of Loans [Abstract]
Loans past due 90 days and still accruing	0	0
Nonaccrual Loans With No ACL	0
Nonaccrual Loans With an ACL	48
Nonaccrual	48	150
Consumer [Member] | Automobile [Member]
Recorded Investment in Nonaccrual and Loans Past Due Over90 Days Still on Accrual by Class of Loans [Abstract]
Loans past due 90 days and still accruing	56	27
Nonaccrual Loans With No ACL	0
Nonaccrual Loans With an ACL	78
Nonaccrual	78	82
Consumer [Member] | Home Equity [Member]
Recorded Investment in Nonaccrual and Loans Past Due Over90 Days Still on Accrual by Class of Loans [Abstract]
Loans past due 90 days and still accruing	0	0
Nonaccrual Loans With No ACL	0
Nonaccrual Loans With an ACL	95
Nonaccrual	95	151
Consumer [Member] | Other [Member]
Recorded Investment in Nonaccrual and Loans Past Due Over90 Days Still on Accrual by Class of Loans [Abstract]
Loans past due 90 days and still accruing	54	411
Nonaccrual Loans With No ACL	0
Nonaccrual Loans With an ACL	100
Nonaccrual	$ 100	$ 59

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses, Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	$ 971,900	$ 885,049
Residential Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	319,504	297,036
Commercial Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance		288,755
Commercial Real Estate [Member] | Owner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	82,356	72,719
Commercial Real Estate [Member] | Nonowner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	178,201	182,831
Commercial Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	62,337	33,205
Commercial and Industrial [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	157,298	151,232
Consumer [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance		148,026
Consumer [Member] | Automobile [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	61,461	54,837
Consumer [Member] | Home Equity [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	35,893	27,791
Consumer [Member] | Other [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	74,850	65,398
Total Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	13,522	7,872
Total Past Due [Member] | Residential Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	3,554	2,997
Total Past Due [Member] | Commercial Real Estate [Member] | Owner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	3,355	1,035
Total Past Due [Member] | Commercial Real Estate [Member] | Nonowner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	681	631
Total Past Due [Member] | Commercial Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	0	102
Total Past Due [Member] | Commercial and Industrial [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	3,386	171
Total Past Due [Member] | Consumer [Member] | Automobile [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	1,109	1,141
Total Past Due [Member] | Consumer [Member] | Home Equity [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	510	355
Total Past Due [Member] | Consumer [Member] | Other [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	927	1,440
30 to 59 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	11,097	4,466
30 to 59 Days Past Due [Member] | Residential Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	2,705	1,799
30 to 59 Days Past Due [Member] | Commercial Real Estate [Member] | Owner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	2,580	97
30 to 59 Days Past Due [Member] | Commercial Real Estate [Member] | Nonowner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	681	626
30 to 59 Days Past Due [Member] | Commercial Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	0	40
30 to 59 Days Past Due [Member] | Commercial and Industrial [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	3,338	21
30 to 59 Days Past Due [Member] | Consumer [Member] | Automobile [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	782	804
30 to 59 Days Past Due [Member] | Consumer [Member] | Home Equity [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	353	204
30 to 59 Days Past Due [Member] | Consumer [Member] | Other [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	658	875
60 to 89 Days Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	761	1,104
60 to 89 Days Past Due [Member] | Residential Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	368	701
60 to 89 Days Past Due [Member] | Commercial Real Estate [Member] | Owner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	0	0
60 to 89 Days Past Due [Member] | Commercial Real Estate [Member] | Nonowner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	0	5
60 to 89 Days Past Due [Member] | Commercial Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	0	45
60 to 89 Days Past Due [Member] | Commercial and Industrial [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	0	0
60 to 89 Days Past Due [Member] | Consumer [Member] | Automobile [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	210	240
60 to 89 Days Past Due [Member] | Consumer [Member] | Home Equity [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	62	0
60 to 89 Days Past Due [Member] | Consumer [Member] | Other [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	121	113
90 Days or More Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	1,664	2,302
90 Days or More Past Due [Member] | Residential Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	481	497
90 Days or More Past Due [Member] | Commercial Real Estate [Member] | Owner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	775	938
90 Days or More Past Due [Member] | Commercial Real Estate [Member] | Nonowner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	0	0
90 Days or More Past Due [Member] | Commercial Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	0	17
90 Days or More Past Due [Member] | Commercial and Industrial [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	48	150
90 Days or More Past Due [Member] | Consumer [Member] | Automobile [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	117	97
90 Days or More Past Due [Member] | Consumer [Member] | Home Equity [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	95	151
90 Days or More Past Due [Member] | Consumer [Member] | Other [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	148	452
Loans Not Past Due [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	958,378	877,177
Loans Not Past Due [Member] | Residential Real Estate [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	315,950	294,039
Loans Not Past Due [Member] | Commercial Real Estate [Member] | Owner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	79,001	71,684
Loans Not Past Due [Member] | Commercial Real Estate [Member] | Nonowner-occupied [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	177,520	182,200
Loans Not Past Due [Member] | Commercial Real Estate [Member] | Construction [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	62,337	33,103
Loans Not Past Due [Member] | Commercial and Industrial [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	153,912	151,061
Loans Not Past Due [Member] | Consumer [Member] | Automobile [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	60,352	53,696
Loans Not Past Due [Member] | Consumer [Member] | Home Equity [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	35,383	27,436
Loans Not Past Due [Member] | Consumer [Member] | Other [Member]
Aging of Recorded Investment in Past Due Loans by Class of Loans [Abstract]
Total loans balance	$ 73,923	$ 63,958

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses, Credit Quality Indicators (Details) $ in Thousands	Dec. 31, 2023 USD ($)
CARES Act [Member]
Credit Quality Indicators [Abstract]
Aggregate loan amount that are reviewed risk categories	$ 1,000

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses, Risk Category of Commercial Loans by Class of Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance	$ 971,900	$ 885,049
Current Period gross charge-offs	1,692	2,188
Commercial [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		439,987
Commercial [Member] | Pass [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		426,485
Commercial [Member] | Criticized [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		10,776
Commercial [Member] | Classified [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		2,726
Commercial Real Estate [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		288,755
Current Period gross charge-offs	132	36
Commercial Real Estate [Member] | Owner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	18,120
2022	7,911
2021	24,613
2020	5,973
2019	6,623
Prior	18,357
Revolving loans amortized cost basis	759
Total ending loans balance	82,356	72,719
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Current Period gross charge-offs	0
Commercial Real Estate [Member] | Nonowner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	12,688
2022	29,344
2021	33,073
2020	23,710
2019	15,415
Prior	62,843
Revolving loans amortized cost basis	1,128
Total ending loans balance	178,201	182,831
2023	0
2022	0
2021	132
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Current Period gross charge-offs	132
Commercial Real Estate [Member] | Construction [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	28,055
2022	29,174
2021	1,231
2020	302
2019	392
Prior	3,183
Revolving loans amortized cost basis	0
Total ending loans balance	62,337	33,205
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Current Period gross charge-offs	0
Commercial Real Estate [Member] | Pass [Member] | Owner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	18,120
2022	7,911
2021	10,679
2020	5,973
2019	6,125
Prior	15,925
Revolving loans amortized cost basis	459
Total ending loans balance	65,192	68,236
Commercial Real Estate [Member] | Pass [Member] | Nonowner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	12,688
2022	29,344
2021	32,235
2020	20,484
2019	15,415
Prior	61,809
Revolving loans amortized cost basis	1,128
Total ending loans balance	173,103	177,479
Commercial Real Estate [Member] | Pass [Member] | Construction [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	28,055
2022	29,174
2021	1,231
2020	302
2019	392
Prior	2,937
Revolving loans amortized cost basis	0
Total ending loans balance	62,091	33,143
Commercial Real Estate [Member] | Special Mention [Member] | Owner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	427
Revolving loans amortized cost basis	0
Total ending loans balance	427
Commercial Real Estate [Member] | Special Mention [Member] | Nonowner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	768
2020	3,226
2019	0
Prior	1,034
Revolving loans amortized cost basis	0
Total ending loans balance	5,028
Commercial Real Estate [Member] | Special Mention [Member] | Construction [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total ending loans balance	0
Commercial Real Estate [Member] | Substandard [Member] | Owner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	13,934
2020	0
2019	498
Prior	2,005
Revolving loans amortized cost basis	300
Total ending loans balance	16,737
Commercial Real Estate [Member] | Substandard [Member] | Nonowner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	70
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total ending loans balance	70
Commercial Real Estate [Member] | Substandard [Member] | Construction [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	246
Revolving loans amortized cost basis	0
Total ending loans balance	246
Commercial Real Estate [Member] | Doubtful [Member] | Owner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total ending loans balance	0
Commercial Real Estate [Member] | Doubtful [Member] | Nonowner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total ending loans balance	0
Commercial Real Estate [Member] | Doubtful [Member] | Construction [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total ending loans balance	0
Commercial Real Estate [Member] | Criticized [Member] | Owner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		3,545
Commercial Real Estate [Member] | Criticized [Member] | Nonowner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		5,352
Commercial Real Estate [Member] | Criticized [Member] | Construction [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		0
Commercial Real Estate [Member] | Classified [Member] | Owner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		938
Commercial Real Estate [Member] | Classified [Member] | Nonowner-occupied [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		0
Commercial Real Estate [Member] | Classified [Member] | Construction [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		62
Commercial and Industrial [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	8,910
2022	30,885
2021	26,864
2020	32,610
2019	348
Prior	27,822
Revolving loans amortized cost basis	29,859
Total ending loans balance	157,298	151,232
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	29
Current Period gross charge-offs	29	618
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	8,770
2022	30,885
2021	26,806
2020	31,247
2019	344
Prior	27,632
Revolving loans amortized cost basis	27,510
Total ending loans balance	153,194	147,627
Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	140
2022	0
2021	0
2020	0
2019	0
Prior	8
Revolving loans amortized cost basis	66
Total ending loans balance	214
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	58
2020	1,363
2019	4
Prior	182
Revolving loans amortized cost basis	2,283
Total ending loans balance	3,890
Commercial and Industrial [Member] | Doubtful [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving loans amortized cost basis	0
Total ending loans balance	$ 0
Commercial and Industrial [Member] | Criticized [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		1,879
Commercial and Industrial [Member] | Classified [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		$ 1,726

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses, Recorded Investment of Residential and Consumer Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance	$ 971,900	$ 885,049
Current Period gross charge-offs	$ 1,692	$ 2,188
Percentage of unsecured loans	4.37%	4.52%
Consumer and Residential [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		$ 445,062
Consumer and Residential [Member] | Performing [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		442,524
Consumer and Residential [Member] | Nonperforming [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		2,538
Residential Real Estate [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	$ 50,484
2022	44,640
2021	50,949
2020	44,818
2019	22,036
Prior	93,017
Revolving Loans Amortized Cost Basis	13,560
Total ending loans balance	319,504	297,036
2023	0
2022	0
2021	3
2020	0
2019	0
Prior	118
Revolving Loans Amortized Cost Basis	0
Current Period gross charge-offs	121	135
Residential Real Estate [Member] | Performing [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	50,484
2022	44,640
2021	50,949
2020	44,818
2019	21,854
Prior	91,956
Revolving Loans Amortized Cost Basis	13,560
Total ending loans balance	318,261	295,228
Residential Real Estate [Member] | Nonperforming [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	182
Prior	1,061
Revolving Loans Amortized Cost Basis	0
Total ending loans balance	1,243	1,808
Consumer [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
Total ending loans balance		148,026
Current Period gross charge-offs	1,410	1,399
Consumer [Member] | Automobile [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	28,973
2022	20,436
2021	7,028
2020	3,029
2019	1,221
Prior	774
Revolving Loans Amortized Cost Basis	0
Total ending loans balance	61,461	54,837
2023	51
2022	163
2021	116
2020	6
2019	29
Prior	3
Revolving Loans Amortized Cost Basis	0
Current Period gross charge-offs	368
Consumer [Member] | Home Equity [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	1,649
2022	79
2021	0
2020	0
2019	0
Prior	0
Revolving Loans Amortized Cost Basis	34,165
Total ending loans balance	35,893	27,791
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans Amortized Cost Basis	87
Current Period gross charge-offs	87
Consumer [Member] | Other [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	18,388
2022	24,921
2021	10,867
2020	4,535
2019	1,094
Prior	957
Revolving Loans Amortized Cost Basis	14,088
Total ending loans balance	74,850	65,398
2023	306
2022	119
2021	119
2020	84
2019	28
Prior	53
Revolving Loans Amortized Cost Basis	246
Current Period gross charge-offs	955
Consumer [Member] | Performing [Member] | Automobile [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	28,939
2022	20,376
2021	7,013
2020	3,028
2019	1,212
Prior	759
Revolving Loans Amortized Cost Basis	0
Total ending loans balance	61,327	54,728
Consumer [Member] | Performing [Member] | Home Equity [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	1,649
2022	79
2021	0
2020	0
2019	0
Prior	0
Revolving Loans Amortized Cost Basis	34,070
Total ending loans balance	35,798	27,640
Consumer [Member] | Performing [Member] | Other [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	18,377
2022	24,904
2021	10,800
2020	4,482
2019	1,093
Prior	953
Revolving Loans Amortized Cost Basis	14,087
Total ending loans balance	74,696	64,928
Consumer [Member] | Nonperforming [Member] | Automobile [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	34
2022	60
2021	15
2020	1
2019	9
Prior	15
Revolving Loans Amortized Cost Basis	0
Total ending loans balance	134	109
Consumer [Member] | Nonperforming [Member] | Home Equity [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving Loans Amortized Cost Basis	95
Total ending loans balance	95	151
Consumer [Member] | Nonperforming [Member] | Other [Member]
Financing Receivable, before Allowance for Credit Loss, by Origination Year [Abstract]
2023	11
2022	17
2021	67
2020	53
2019	1
Prior	4
Revolving Loans Amortized Cost Basis	1
Total ending loans balance	$ 154	$ 470

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses, Allowance for Credit Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	$ 5,269	$ 6,483
Provision for credit losses	2,030	(32)
Loans charged off	(1,692)	(2,188)
Recoveries	998	1,006
Ending balance	8,767	5,269
Residential Real Estate [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	681	980
Provision for credit losses	251	(318)
Loans charged off	(121)	(135)
Recoveries	57	154
Ending balance	2,213	681
Commercial Real Estate [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	2,038	2,548
Provision for credit losses	824	(556)
Loans charged off	(132)	(36)
Recoveries	155	82
Ending balance	3,047	2,038
Commercial and Industrial [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	1,293	1,571
Provision for credit losses	(85)	283
Loans charged off	(29)	(618)
Recoveries	212	57
Ending balance	1,275	1,293
Consumer [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	1,257	1,384
Provision for credit losses	1,040	559
Loans charged off	(1,410)	(1,399)
Recoveries	574	713
Ending balance	2,232	1,257
ASU 2016-13 [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	7,431
Ending balance		7,431
ASU 2016-13 [Member] | Residential Real Estate [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	2,026
Ending balance		2,026
ASU 2016-13 [Member] | Commercial Real Estate [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	2,200
Ending balance		2,200
ASU 2016-13 [Member] | Commercial and Industrial [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	1,177
Ending balance		1,177
ASU 2016-13 [Member] | Consumer [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	2,028
Ending balance		2,028
ASU 2016-13 [Member] | Impact of Adoption [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	2,162
Ending balance		2,162
ASU 2016-13 [Member] | Impact of Adoption [Member] | Residential Real Estate [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	1,345
Ending balance		1,345
ASU 2016-13 [Member] | Impact of Adoption [Member] | Commercial Real Estate [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	162
Ending balance		162
ASU 2016-13 [Member] | Impact of Adoption [Member] | Commercial and Industrial [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	(116)
Ending balance		(116)
ASU 2016-13 [Member] | Impact of Adoption [Member] | Consumer [Member]
Allowance for Credit and Lease Losses [Roll Forward]
Beginning balance	$ 771
Ending balance		$ 771

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses, Allowance for Credit Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Ending allowance balance attributable to loans [Abstract]
Individually evaluated for impairment		$ 0
Collectively evaluated for impairment		5,269
Total ending allowance balance	$ 8,767	5,269	$ 6,483
Loans [Abstract]
Loans individually evaluated for impairment		2,014
Loans collectively evaluated for impairment		883,035
Total ending loans balance	971,900	885,049
Collateral Pledged [Member]
Loans [Abstract]
Total ending loans balance	2,648
Real Estate [Member]
Loans [Abstract]
Total ending loans balance	2,390
Business Assets [Member]
Loans [Abstract]
Total ending loans balance	258
Residential Real Estate [Member]
Ending allowance balance attributable to loans [Abstract]
Individually evaluated for impairment		0
Collectively evaluated for impairment		681
Total ending allowance balance	2,213	681	980
Loans [Abstract]
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		297,036
Total ending loans balance	319,504	297,036
Residential Real Estate [Member] | Collateral Pledged [Member]
Loans [Abstract]
Total ending loans balance	1,663
Residential Real Estate [Member] | Real Estate [Member]
Loans [Abstract]
Total ending loans balance	1,663
Residential Real Estate [Member] | Business Assets [Member]
Loans [Abstract]
Total ending loans balance	0
Commercial Real Estate [Member]
Ending allowance balance attributable to loans [Abstract]
Individually evaluated for impairment		0
Collectively evaluated for impairment		2,038
Total ending allowance balance	3,047	2,038	2,548
Loans [Abstract]
Loans individually evaluated for impairment		1,986
Loans collectively evaluated for impairment		286,769
Total ending loans balance		288,755
Commercial Real Estate [Member] | Owner-occupied [Member]
Loans [Abstract]
Total ending loans balance	82,356	72,719
Commercial Real Estate [Member] | Owner-occupied [Member] | Collateral Pledged [Member]
Loans [Abstract]
Total ending loans balance	958
Commercial Real Estate [Member] | Owner-occupied [Member] | Real Estate [Member]
Loans [Abstract]
Total ending loans balance	700
Commercial Real Estate [Member] | Owner-occupied [Member] | Business Assets [Member]
Loans [Abstract]
Total ending loans balance	258
Commercial and Industrial [Member]
Ending allowance balance attributable to loans [Abstract]
Individually evaluated for impairment		0
Collectively evaluated for impairment		1,293
Total ending allowance balance	1,275	1,293	1,571
Loans [Abstract]
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		151,232
Total ending loans balance	157,298	151,232
Consumer [Member]
Ending allowance balance attributable to loans [Abstract]
Individually evaluated for impairment		0
Collectively evaluated for impairment		1,257
Total ending allowance balance	2,232	1,257	$ 1,384
Loans [Abstract]
Loans individually evaluated for impairment		28
Loans collectively evaluated for impairment		147,998
Total ending loans balance		148,026
Consumer [Member] | Home Equity [Member]
Loans [Abstract]
Total ending loans balance	35,893	$ 27,791
Consumer [Member] | Home Equity [Member] | Collateral Pledged [Member]
Loans [Abstract]
Total ending loans balance	27
Consumer [Member] | Home Equity [Member] | Real Estate [Member]
Loans [Abstract]
Total ending loans balance	27
Consumer [Member] | Home Equity [Member] | Business Assets [Member]
Loans [Abstract]
Total ending loans balance	$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses, Impaired Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Property	Dec. 31, 2022 USD ($) Property
With an allowance recorded [Abstract]
Unpaid principal balance		$ 0
Recorded investment		0
Total [Abstract]
Unpaid principal balance		2,099
Recorded investment		2,014
Allowance for Loan Losses Allocated		0
Impaired loans [Abstract]
Average impaired loans - with an allowance recorded		0
Interest income recognized - with an allowance recorded		0
Cash basis interest recognized - with an allowance recorded		0
Average impaired loans		2,067
Interest income recognized		128
Cash basis interest recognized		$ 128
Residential Real Estate [Member]
Impaired loans [Abstract]
Number of other real estate owned | Property	68	0
Mortgage loans in process of foreclosure	$ 348	$ 370
Commercial Real Estate [Member] | Owner-occupied [Member]
With no related allowance recorded [Abstract]
Unpaid principal balance		1,692
Recorded investment		1,607
Impaired loans [Abstract]
Average impaired loans - with no allowance recorded		1,662
Interest income recognized - with no allowance recorded		97
Cash basis interest recognized - with no allowance recorded		97
Commercial Real Estate [Member] | Nonowner-occupied [Member]
With no related allowance recorded [Abstract]
Unpaid principal balance		379
Recorded investment		379
Impaired loans [Abstract]
Average impaired loans - with no allowance recorded		382
Interest income recognized - with no allowance recorded		29
Cash basis interest recognized - with no allowance recorded		29
Consumer [Member] | Home Equity [Member]
With no related allowance recorded [Abstract]
Unpaid principal balance		28
Recorded investment		28
Impaired loans [Abstract]
Average impaired loans - with no allowance recorded		23
Interest income recognized - with no allowance recorded		2
Cash basis interest recognized - with no allowance recorded		$ 2

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Premises and Equipment [Abstract]
Premises and equipment, gross	$ 39,127	$ 36,931
Less accumulated depreciation	17,677	16,495
Total premises and equipment	21,450	20,436
Premises and Equipment Held for Sale [Abstract]
Premises and equipment held for sale, Gross	678	678
Less accumulated depreciation	105	85
Total premises and equipment held for sale	573	593
Land [Member]
Premises and Equipment [Abstract]
Premises and equipment, gross	2,568	2,486
Premises and Equipment Held for Sale [Abstract]
Premises and equipment held for sale, Gross	84	84
Buildings [Member]
Premises and Equipment [Abstract]
Premises and equipment, gross	23,867	22,526
Premises and Equipment Held for Sale [Abstract]
Premises and equipment held for sale, Gross	594	594
Leasehold Improvements [Member]
Premises and Equipment [Abstract]
Premises and equipment, gross	1,555	1,509
Furniture and Equipment [Member]
Premises and Equipment [Abstract]
Premises and equipment, gross	$ 11,137	$ 10,410

Leases, Balance Sheet Informati

Leases, Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Balance Sheet Information Related to Leases [Abstract]
Operating lease right-of-use assets	$ 1,205	$ 1,294
Operating lease liabilities	$ 1,205	$ 1,294

Leases, Components of Lease Cos

Leases, Components of Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lease, Cost [Abstract]
Operating lease cost	$ 204	$ 185
Short-term lease expense	$ 17	$ 35

Leases, Maturities of Lease Lia

Leases, Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
2024	$ 195
2025	195
2026	140
2027	109
2028	111
Thereafter	764
Total lease payments	1,514
Less: Imputed Interest	(309)
Total operating leases	$ 1,205	$ 1,294

Leases, Other Information (Deta

Leases, Other Information (Details)	Dec. 31, 2023	Dec. 31, 2022
Other Information [Abstract]
Weighted-average remaining lease term for operating leases	13 years	12 years 1 month 6 days
Weighted-average discount rate for operating leases	2.91%	2.70%

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Gross Carrying Amount [Abstract]
Goodwill	$ 7,319	$ 7,319
Goodwill impairment	$ 0	$ 0

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Acquired Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Acquired Intangible Assets [Abstract]
Aggregate amortization expense	$ 21	$ 35
Core Deposits Intangibles [Member]
Acquired Intangible Assets [Abstract]
Gross Carrying Amount	738	738
Accumulated Amortization	$ 730	$ 709

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Future Estimated Amortization Expense (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Estimated Amortization Expense [Abstract]
2024	$ 8
2025	0
2026	0
2027	0
2028	0
Total	$ 8

Deposits, Summary (Details)

Deposits, Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Noninterest-bearing deposits	$ 322,222	$ 354,413
Interest-bearing Deposits [Abstract]
NOW accounts	170,422	209,758
Savings and Money Market	255,369	311,565
Time deposits in denominations of $250 or less	301,323	115,049
Time deposits in denominations of more than $250	77,800	36,870
Total time deposits	379,123	151,919
Total interest-bearing deposits	804,914	673,242
Total deposits	$ 1,127,136	$ 1,027,655

Deposits, Time Deposits (Detail

Deposits, Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Maturities of Time Deposits [Abstract]
2024	$ 261,922
2025	95,860
2026	19,001
2027	1,139
2028	1,023
Thereafter	178
Total time deposits	379,123	$ 151,919
Brokered deposits	$ 64,893	$ 3,999

Interest Rate Swaps (Details)

Interest Rate Swaps (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Interest Rate Swaps [Abstract]
Derivative asset, notional amount	$ 12,515	$ 13,196
Derivative asset, fair value	1,147	1,340
Derivative liability, fair value	1,147	1,340
Collateral deposits	$ 0	$ 0

Other Borrowed Funds (Details)

Other Borrowed Funds (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Promissorynote	Dec. 31, 2022 USD ($)
Other Borrowed Funds [Abstract]
Other borrowings	$ 44,593	$ 17,945
FHLB Advances - variable rate loans	0
Cash management advances, maximum borrowing amount	$ 88,183
Cash management advances, maturity period	90 days
Cash management advances, available borrowing amount	$ 100,000
Number of promissory notes payable to related parties | Promissorynote	6
Notes Payable, Related Party, Type [Extensible Enumeration]	Related Party [Member]
Scheduled Repayments of FHLB Advances [Abstract]
2024	$ 7,806
2025	4,983
2026	12,908
2027	11,397
2028	1,349
Thereafter	6,150
Other borrowings	$ 44,593	$ 17,945
Minimum [Member]
Other Borrowed Funds [Abstract]
Fixed-rate FHLB advances interest rate	1.53%
Maximum [Member]
Other Borrowed Funds [Abstract]
Fixed-rate FHLB advances interest rate	4.91%
Weighted Average [Member]
Other Borrowed Funds [Abstract]
Fixed-rate FHLB advances interest rate	3.50%	2.34%
Mortgage Loans [Member]
Other Borrowed Funds [Abstract]
Collateral pledged for FHLB Advances	$ 312,767
Commercial Loans [Member]
Other Borrowed Funds [Abstract]
Collateral pledged for FHLB Advances	33,456
FHLB Stock [Member]
Other Borrowed Funds [Abstract]
Collateral pledged for FHLB Advances	2,896
Cash management advances, maximum borrowing amount	182,731
Cash management advances, available borrowing amount	88,183
FHLB Borrowings [Member]
Other Borrowed Funds [Abstract]
Other borrowings	42,199	$ 15,569
Scheduled Repayments of FHLB Advances [Abstract]
2024	5,412
2025	4,983
2026	12,908
2027	11,397
2028	1,349
Thereafter	6,150
Other borrowings	42,199	15,569
Promissory Notes [Member]
Other Borrowed Funds [Abstract]
Other borrowings	$ 2,394	2,376
Maturity date of promissory notes issued	Nov. 18, 2024
Notes payable to related parties	$ 2,394
Notes payable to other banks	0	0
Scheduled Repayments of FHLB Advances [Abstract]
2024	2,394
2025	0
2026	0
2027	0
2028	0
Thereafter	0
Other borrowings	$ 2,394	$ 2,376
Promissory Notes [Member] | Minimum [Member]
Other Borrowed Funds [Abstract]
Interest rate	3.15%
Promissory Notes [Member] | Maximum [Member]
Other Borrowed Funds [Abstract]
Interest rate	5%
Promissory Notes [Member] | Weighted Average [Member]
Other Borrowed Funds [Abstract]
Interest rate	3.79%	1.35%
FHLB Line of Credit [Member]
Other Borrowed Funds [Abstract]
Letters of credit issued	$ 52,350	$ 75,140

Subordinated Debentures and T_2

Subordinated Debentures and Trust Preferred Securities (Details) - USD ($) $ in Thousands			12 Months Ended
	Mar. 15, 2012	Mar. 22, 2007	Dec. 31, 2023	Sep. 15, 2023	Dec. 31, 2022
Subordinated Debentures and Trust Preferred Securities [Abstract]
Proceeds from issuance of adjustable rate trust preferred securities		$ 8,500
Interest rate		6.58%	7.33%		6.45%
Interest payable term			5 years
Term of variable rate			3 months
Debt issuance costs			$ 0		$ 0
Subordinated debentures must be redeemed no later than			Jun. 15, 2037
Trust preferred securities deferrable period for not considering default			5 years
3-month LIBOR [Member]
Subordinated Debentures and Trust Preferred Securities [Abstract]
Basis spread on variable rate	1.68%
3-month CME Term SOFR [Member]
Subordinated Debentures and Trust Preferred Securities [Abstract]
Interest rate				0.26%

Income Taxes, Components of Pro

Income Taxes, Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Provision for Income Taxes [Abstract]
Current tax expense		$ 3,312	$ 2,306
Deferred tax (benefit) expense		(745)	288
Total income taxes	[1]	$ 2,567	$ 2,594
[1]Effective income tax rate was 16.9% for 2023 and 16.3% for 2022

Income Taxes, Deferred Tax Asse

Income Taxes, Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Items Giving Rise to Deferred Tax Assets [Abstract]
Other reserves	$ 152	$ 0
Allowance for loan losses	1,916	1,146
Unrealized loss on securities available for sale	3,233	3,938
Deferred compensation	2,176	2,058
Deferred loan fees/costs	169	137
Accrued bonus	249	266
Purchase accounting adjustments	11	6
Net operating loss	49	66
Lease liability	332	355
Nonaccrual interest income	113	204
Other	43	294
Items Giving Rise to Deferred Tax Liabilities [Abstract]
Mortgage servicing rights	(88)	(99)
FHLB stock dividends	(442)	(676)
Prepaid expenses	(35)	(231)
Depreciation and amortization	(841)	(843)
Right-of-use asset	(332)	(355)
Other	(399)	0
Net deferred tax asset	6,306	$ 6,266
Operating Loss Carryforwards [Abstract]
Operating loss carryforwards	$ 233
Operating loss carryforwards, expiration date	Dec. 31, 2026

Income Taxes, Income Tax Reconc

Income Taxes, Income Tax Reconciliation (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Abstract]
Federal income tax rate		21%	21%
Reconciliation of Financial Statement Tax Provision [Abstract]
Statutory tax (21%)		$ 3,192	$ 3,346
Effect of nontaxable interest		(468)	(385)
Effect of nontaxable insurance premiums		(205)	(240)
Income from bank owned insurance, net		(181)	(168)
Effect of postretirement benefits		45	(112)
Effect of state income tax		170	155
Tax credits		(25)	(37)
Other items		39	35
Total income taxes	[1]	$ 2,567	$ 2,594
Effective income tax rate		16.90%	16.30%
Unrecognized tax benefits		$ 0	$ 0
Interest and/or penalties related to income tax		$ 0	$ 0
Open tax years		2020 2021 2022
[1]Effective income tax rate was 16.9% for 2023 and 16.3% for 2022

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments and conditional obligations [Abstract]
ACL related to off-balance sheet credit	$ 692	$ 0
ACL related to off-balance sheet credit with corresponding provision expense	$ 61
Fixed Rate [Member] | Minimum [Member]
Commitments and conditional obligations [Abstract]
Interest rate	3.38%
Maturity period	16 years
Fixed Rate [Member] | Maximum [Member]
Commitments and conditional obligations [Abstract]
Interest rate	8.50%
Maturity period	30 years
Standby Letters of Credit [Member]
Commitments and conditional obligations [Abstract]
Commitments and conditional obligations	$ 9,210	3,441
Standby Letters of Credit [Member] | Fixed Rate [Member]
Commitments and conditional obligations [Abstract]
Commitments and conditional obligations	1,331	1,110
Standby Letters of Credit [Member] | Variable Rate [Member]
Commitments and conditional obligations [Abstract]
Commitments and conditional obligations	$ 181,622	$ 177,151

Related Party Transactions (Det

Related Party Transactions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Period	Dec. 31, 2022 USD ($)
Related Party Transactions [Abstract]
Minimum related party loan	$ 120
Loans and Leases Receivable, Related Parties [Roll Forward]
Total loans at January 1, 2023	16,696
New loans	855
Repayments	(1,065)
Other changes	0
Total loans at December 31, 2023	$ 16,486
Related Party Transactions [Abstract]
Number of reporting period of loan | Period	1
Notes Payable, Related Party, Type [Extensible Enumeration]	Related Party [Member]
Principal Officers, Directors and their Affiliates [Member]
Related Party Transactions [Abstract]
Related party deposit liabilities	$ 20,123	$ 91,782
Directors and their Affiliates [Member]
Related Party Transactions [Abstract]
Notes payable to related parties	$ 2,394	$ 2,376
Notes Payable, Related Party, Type [Extensible Enumeration]	Directors and their Affiliates [Member]	Directors and their Affiliates [Member]
Directors and their Affiliates [Member] | Minimum [Member]
Related Party Transactions [Abstract]
Interest rate	1.25%
Debt instrument, term	12 months
Directors and their Affiliates [Member] | Maximum [Member]
Related Party Transactions [Abstract]
Interest rate	5%
Debt instrument, term	24 months

Employee Benefits (Details)

Employee Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Employee Benefit Plans [Abstract]
Total number of shares held by ESOP (in shares)	317,860	313,114
Number of ESOP shares allocated (in shares)	317,860	313,114
ESOP [Abstract]
Number of shares issued (in shares)	4,746	18,522
Fair value of stock contributed	$ 125	$ 575
Cash contributed	473	0
Total expense	598	575
Cash surrender value of life insurance contracts	38,426
Cash surrender value of annuity assets	2,167
Expected payments of covered individuals	9,716	9,192
Deferred Profit Sharing [Member]
Employee Benefit Plans [Abstract]
Contributions charged to expense	270	256
Supplemental Employee Retirement Plan [Member]
ESOP [Abstract]
Expenses related to plan	807	458
Postretirement Benefit [Member]
ESOP [Abstract]
Total postretirement benefit	$ 3,526	$ 3,309

Fair Value of Financial Instr_3

Fair Value of Financial Instruments, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value of Financial Instruments [Abstract]
Selling costs percentage	10%
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Interest Rate Swap Derivatives [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	$ 0	$ 0
Liabilities, fair value	0	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Government Securities [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	50,297	54,792
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Government Sponsored Entity Securities [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	0	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Agency Mortgage-backed Securities, Residential [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	0	0
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Swap Derivatives [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	1,147	1,340
Liabilities, fair value	(1,147)	(1,340)
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Securities [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	0	0
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Sponsored Entity Securities [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	5,877	7,983
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Agency Mortgage-backed Securities, Residential [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	106,084	121,299
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Interest Rate Swap Derivatives [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	0	0
Liabilities, fair value	0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Government Securities [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Government Sponsored Entity Securities [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Agency Mortgage-backed Securities, Residential [Member]
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments, Assets and Liabilities Measured on Nonrecurring Basis (Details) - Nonrecurring [Member] $ in Thousands	Dec. 31, 2023 USD ($)
Fair Value, Asset and Liabilities [Abstract]
Assets, fair value	$ 0
Liabilities, fair value	$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments, Quantitative Information about Level 3 Inputs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value of Financial Instruments [Abstract]
Other real estate	$ 0	$ 0
Other real estate, write-down	$ 0	$ 0

Fair Value of Financial Instr_6

Fair Value of Financial Instruments, Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial Assets [Abstract]
Securities available for sale	$ 162,258	$ 184,074
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and cash equivalents	128,126	45,990
Certificates of deposit in financial institutions	0	1,862
Securities available for sale	162,258	184,074
Securities held to maturity	7,986	9,226
Loans, net	963,133	879,780
Interest rate swap derivatives	1,147	1,340
Accrued interest receivable	3,606	3,112
Financial Liabilities [Abstract]
Deposits	1,127,136	1,027,655
Other borrowed funds	44,593	17,945
Subordinated debentures	8,500	8,500
Interest rate swap derivatives	1,147	1,340
Accrued interest payable	$ 6,597	$ 432
Carrying Amount [Member] | Level 1 [Member]
Financial Assets [Abstract]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other liabilities
Financial Liabilities [Abstract]
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other assets	Other liabilities
Estimated Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	$ 128,126	$ 45,990
Certificates of deposit in financial institutions	0	1,862
Securities available for sale	162,258	184,074
Securities held to maturity	7,390	8,460
Loans, net	944,544	846,870
Interest rate swap derivatives	1,147	1,340
Accrued interest receivable	3,606	3,112
Financial Liabilities [Abstract]
Deposits	1,127,468	1,025,710
Other borrowed funds	45,799	16,364
Subordinated debentures	8,500	8,500
Interest rate swap derivatives	1,147	1,340
Accrued interest payable	6,597	432
Estimated Fair Value [Member] | Level 1 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	128,126	45,990
Certificates of deposit in financial institutions	0	0
Securities available for sale	50,297	54,792
Securities held to maturity	0	0
Loans, net	0	0
Interest rate swap derivatives	0	0
Accrued interest receivable	0	0
Financial Liabilities [Abstract]
Deposits	748,013	875,736
Other borrowed funds	0	0
Subordinated debentures	0	0
Interest rate swap derivatives	0	0
Accrued interest payable	1	1
Estimated Fair Value [Member] | Level 2 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0	0
Certificates of deposit in financial institutions	0	1,862
Securities available for sale	111,961	129,282
Securities held to maturity	4,281	4,987
Loans, net	0	0
Interest rate swap derivatives	1,147	1,340
Accrued interest receivable	466	485
Financial Liabilities [Abstract]
Deposits	379,455	149,974
Other borrowed funds	45,799	16,364
Subordinated debentures	8,500	8,500
Interest rate swap derivatives	1,147	1,340
Accrued interest payable	6,596	431
Estimated Fair Value [Member] | Level 3 [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0	0
Certificates of deposit in financial institutions	0	0
Securities available for sale	0	0
Securities held to maturity	3,109	3,473
Loans, net	944,544	846,870
Interest rate swap derivatives	0	0
Accrued interest receivable	3,140	2,627
Financial Liabilities [Abstract]
Deposits	0	0
Other borrowed funds	0	0
Subordinated debentures	0	0
Interest rate swap derivatives	0	0
Accrued interest payable	$ 0	$ 0

Regulatory Matters (Details)

Regulatory Matters (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Classification	Dec. 31, 2022 USD ($)
Regulatory Matters [Abstract]
Number of classifications of prompt corrective action regulations | Classification	5
Tier 1 capital (to average assets) [Abstract]
Minimum assets SBHCP requires	$ 17,895
Bank [Member]
Tier 1 capital (to average assets) [Abstract]
Actual Amount	$ 142,895	$ 135,404
Actual Ratio	0.108	0.11
To Be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 118,910	$ 110,806
To Be Well Capitalized Under Prompt Corrective Action Regulations Ratio	0.09	0.09
Bank [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Tier 1 capital (to average assets) [Abstract]
Transition amount from adoption of CECL	$ 2,276
Add-back amount of Tier 1 capital	1,707
Add-back amount of average assets	$ 1,707

Parent Company Only Condensed_3

Parent Company Only Condensed Financial Information, Condensed Statements of Condition (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets [Abstract]
Cash and cash equivalents	$ 128,126	$ 45,990
Other assets	4,535	5,226
Total assets	1,352,135	1,210,787
Liabilities [Abstract]
Subordinated debentures	8,500	8,500
Other liabilities	26,002	20,365
Total liabilities	1,208,128	1,075,759
Shareholders' Equity [Abstract]
Total shareholders' equity	144,007	135,028	$ 141,356
Total liabilities and shareholders' equity	1,352,135	1,210,787
Parent Company [Member]
Assets [Abstract]
Cash and cash equivalents	6,248	4,697
Investment in subsidiaries	148,597	141,402
Notes receivable - subsidiaries	2,683	2,365
Other assets	293	259
Total assets	157,821	148,723
Liabilities [Abstract]
Notes payable	2,394	2,376
Subordinated debentures	8,500	8,500
Other liabilities	2,920	2,819
Total liabilities	13,814	13,695
Shareholders' Equity [Abstract]
Total shareholders' equity	144,007	135,028
Total liabilities and shareholders' equity	$ 157,821	$ 148,723
Parent Company [Member] | Related Party [Member]
Assets [Abstract]
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]

Parent Company Only Condensed_4

Parent Company Only Condensed Financial Information, Condensed Statements of Income (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Income [Abstract]
Dividends from subsidiaries		$ 324	$ 316
Expenses [Abstract]
Interest on subordinated debentures		597	296
Income tax benefit	[1]	(2,567)	(2,594)
NET INCOME		12,631	13,338
Other comprehensive income (loss), net of tax		3,385	(15,521)
Total comprehensive income		16,016	(2,183)
Parent Company [Member]
Income [Abstract]
Interest on notes		91	29
Dividends from subsidiaries		5,020	4,180
Expenses [Abstract]
Interest on notes		91	29
Interest on subordinated debentures		598	296
Operating expenses		369	396
Income before income taxes and equity in undistributed earnings of subsidiaries		4,053	3,488
Income tax benefit		196	141
Equity in undistributed earnings of subsidiaries		8,382	9,709
NET INCOME		12,631	13,338
Other comprehensive income (loss), net of tax		3,385	(15,521)
Total comprehensive income		$ 16,016	$ (2,183)
[1]Effective income tax rate was 16.9% for 2023 and 16.3% for 2022

Parent Company Only Condensed_5

Parent Company Only Condensed Financial Information, Condensed 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	$ 12,631	$ 13,338
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]
Common stock issued to ESOP	125	575
Change in other assets	1,477	(1,291)
Change in other liabilities	5,567	1,223
Net cash provided by operating activities	20,747	15,990
Cash flows from investing activities [Abstract]
Net cash provided by (used in) investing activities	(59,787)	(83,392)
Cash flows from financing activities [Abstract]
Purchases of treasury stock	(82)	0
Cash dividends paid	(4,871)	(4,720)
Net cash provided by (used in) financing activities	121,176	(38,642)
Cash and cash equivalents [Abstract]
Change in cash and cash equivalents	82,136	(106,044)
Cash and cash equivalents at beginning of year	45,990	152,034
Cash and cash equivalents at end of year	128,126	45,990
Parent Company [Member]
Cash flows from operating activities [Abstract]
Net Income	12,631	13,338
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]
Equity in undistributed earnings of subsidiaries	(8,382)	(9,709)
Common stock issued to ESOP	124	575
Change in other assets	(34)	(221)
Change in other liabilities	101	72
Net cash provided by operating activities	4,440	4,055
Cash flows from investing activities [Abstract]
Proceeds from closing of OVBC Captive	2,364	0
Change in notes receivable	(318)	(242)
Net cash provided by (used in) investing activities	2,046	(242)
Cash flows from financing activities [Abstract]
Change in notes payable	18	238
Purchases of treasury stock	(82)	0
Cash dividends paid	(4,871)	(4,720)
Net cash provided by (used in) financing activities	(4,935)	(4,482)
Cash and cash equivalents [Abstract]
Change in cash and cash equivalents	1,551	(669)
Cash and cash equivalents at beginning of year	4,697	5,366
Cash and cash equivalents at end of year	$ 6,248	$ 4,697

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Segment Information [Abstract]
Net interest income		$ 46,027	$ 44,778
Provision for (recovery of) loan losses		2,090	(32)
Noninterest income		12,629	10,162
Noninterest expense		41,368	39,040
Provision for income taxes	[1]	2,567	2,594
Net income		12,631	13,338
Assets		1,352,135	1,210,787
Banking [Member]
Segment Information [Abstract]
Net interest income		43,711	42,529
Provision for (recovery of) loan losses		2,025	(100)
Noninterest income		11,513	9,121
Noninterest expense		38,833	36,612
Provision for income taxes		2,394	2,429
Net income		11,972	12,709
Assets		$ 1,336,861	$ 1,195,974
Banking [Member] | Revenues [Member] | Customer Concentration Risk [Member]
Segment Information [Abstract]
Concentration percentage		95.20%	94.20%
Consumer Finance [Member]
Segment Information [Abstract]
Net interest income		$ 2,316	$ 2,249
Provision for (recovery of) loan losses		65	68
Noninterest income		1,116	1,041
Noninterest expense		2,535	2,428
Provision for income taxes		173	165
Net income		659	629
Assets		$ 15,274	$ 14,813
[1]Effective income tax rate was 16.9% for 2023 and 16.3% for 2022