ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”) (Tables)

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Schedule of allocation of portion of allowance

		Real estate secured
(Dollars are in thousands)		Commercial		Construction and Land Development		Residential 1-4 family		Multifamily		Farmland		Commercial		Agriculture		Consumer and All Other		Unallocated		Total
Three months ended March 31, 2023
Beginning balance	$	2,364	$	345	$	2,364	$	262	$	153	$	381	$	32	$	386	$	440	$	6,727
Adjustment to allowance for adoption of ASU 2016-13		(299)		164		275		12		75		241		(5)		(103)		(440)		(80)
Charge-offs		-		-		-		-		-		(5)		-		(78)		-		(83)
Recoveries		-		5		9		-		-		1		-		58		-		73
Provision for credit losses		92		(42)		(29)		28		(36)		(30)		4		37		-		24
Ending balance	$	2,157	$	472	$	2,619	$	302	$	192	$	588	$	31	$	300	$	-	$	6,661

The following tables present a disaggregated analysis of activity in the allowance for loan losses, for comparative periods, prior to the adoption of ASU 2016-13:

		Real estate secured
(Dollars are in thousands)		Commercial		Construction and Land Development		Residential 1-4 family		Multifamily		Farmland		Commercial		Agriculture		Consumer and All Other		Unallocated		Total
Year ended December 31, 2022
Beginning balance	$	2,134	$	189	$	2,237	$	254	$	149	$	1,099	$	28	$	108	$	537	$	6,735
Charge-offs		(5)		(149)		(64)		(111)		(1)		(45)		(1)		(559)		-		(935)
Recoveries		33		6		100		2		14		31		1		115		-		302
Provision		202		299		91		117		(9)		(704)		4		722		(97)		625
Ending balance	$	2,364	$	345	$	2,364	$	262	$	153	$	381	$	32	$	386	$	440	$	6,727
Allowance for loan losses at December 31, 2022
Individually evaluated for impairment	$	63	$	-	$	23	$	-	$	-	$	-	$	-	$	-	$	-	$	86
Collectively evaluated for impairment		2,301		345		2,341		262		153		381		32		386		440		6,641
$	2,364	$	345	$	2,364	$	262	$	153	$	381	$	32	$	386	$	440	$	6,727
Loans at December 31, 2022
Individually evaluated for impairment	$	358	$	471	$	1,649	$	-	$	248	$	23	$	-	$	-	$	-	$	2,749
Collectively evaluated for impairment		196,711		41,999		225,583		29,710		17,496		46,965		3,756		19,644		-		581,864
$	197,069	$	42,470	$	227,232	$	29,710	$	17,744	$	46,988	$	3,756	$	19,644	$	-	$	584,613

		Real estate secured
(Dollars are in thousands)		Commercial				Construction and Land Development			Residential 1-4 family				Multifamily				Farmland				Commercial				Agriculture			Consumer and All Other				Unallocated			Total
For the three months ended March 31, 2022
Beginning balance		$	2,134			$	189		$	2,237			$	254			$	149			$	1,099			$	28		$	108			$	537		$	6,735
Charge-offs			—				—			—				(61	)			—				(28	)			—			(14	)			—			(103	)
Recoveries			—				—			14				—				—				11				—			2				—			27
Provision			(2	)			40			(53	)			120				(6	)			(77	)			—			16				62			100
Ending balance		$	2,132			$	229		$	2,198			$	313			$	143			$	1,005			$	28		$	112			$	599		$	6,759
Allowance for loan losses as of March 31, 2022
Individually evaluated for impairment		$	86			$	—		$	49			$	50			$	13			$	1			$	—		$	—			$	—		$	199
Collectively evaluated for impairment			2,046				229			2,149				263				130				1,004				28			112				599			6,560
	$	2,132			$	229		$	2,198			$	313			$	143			$	1,005			$	28		$	112			$	599		$	6,759
Loans as of March 31, 2022
Individually evaluated for impairment		$	404			$	17		$	1,786			$	50			$	494			$	26			$	—		$	1			$	—		$	2,778
Collectively evaluated for impairment			206,935				38,829			222,692				34,359				17,613				47,594				3,916			20,416				—			592,354
	$	207,339			$	38,846		$	224,478			$	34,409			$	18,107			$	47,620			$	3,916		$	20,417			$	—		$	595,132