SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Schedule of allowance for credit losses on available for sale securities

	January 1, 2023 As Reported Under ASC 326		December 31, 2022 Pre-ASC 326 Adoption		Impact of ASC 326 Adoption
(Dollars in thousands)
Assets:
Loans, at amortized cost		584,613		584,613	$	—
Allowance for credit losses on loans:
Real estate secured:
Commercial		2,065		2,364		(299	)
Construction and land development		509		345		164
Residential 1-4 family		2,639		2,364		275
Multifamily		274		262		12
Farmland		228		153		75
Total real estate loans		5,715		5,488		227
Commercial		622		381		241
Agriculture		27		32		(5	)
Consumer and other loans		283		386		(103	)
Unallocated		—		440		(440	)
Total allowance for credit losses for loans		6,647		6,727		(80	)
Deferred tax asset		4,679		4,623		56
Liabilities:
Allowance for credit losses for unfunded commitments		348		—		348