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LOAN CREDIT QUALITY AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)
 12 Months Ended
Dec. 31, 2021
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Related Aging Categories of Loans by Segment
The following table presents the related aging categories of loans, by segment, as of December 31, 2021 and 2020:
 2021
(In Thousands)CurrentPast Due
30 To 89
Days		Past Due 90
Days Or More
& Still Accruing		Non-AccrualTotal
Commercial, financial, and agricultural$162,571 $139 $— $575 $163,285
Real estate mortgage:     
Residential590,240 4,083 687 837 595,847
Commercial442,573 224 — 3,937 446,734
Construction36,701 554 — 40 37,295
Consumer automobile loans138,775 490 143 — 139,408
Other consumer installment loans9,199 47 31 — 9,277
 1,380,059 $5,537 $861 $5,389 1,391,846
Net deferred loan fees and discounts301    301
Allowance for loan losses(14,176)   (14,176)
Loans, net$1,366,184    $1,377,971
 
 2020
(In Thousands)CurrentPast Due
30 To 89
Days		Past Due 90
Days Or More
& Still Accruing		Non-AccrualTotal
Commercial, financial, and agricultural$163,583 $247 $48 $865 $164,743
Real estate mortgage: 
Residential580,292 6,386 983 2,060 589,721
Commercial366,363 533 150 6,142 373,188
Construction38,587 667 — 55 39,309
Consumer automobile loans155,472 900 31 — 156,403
Other consumer installment loans19,485 455 — — 19,940
 1,323,782 $9,188 $1,212 $9,122 1,343,304
Net deferred loan fees and discounts1,023    1,023
Allowance for loan losses(13,803)   (13,803)
Loans, net$1,311,002    $1,330,524
Schedule of Interest Income if Interest had been Recorded Based on the Original Loan Agreement Terms and Rate of Interest for Non-Accrual Loans and Interest Income Recognized on a Cash Basis for Non-Accrual Loans
The following table presents the interest income if interest had been recorded based on the original loan agreement terms and rate of interest for non-accrual loans and interest income recognized on a cash basis for non-accrual loans as of December 31, 2021, 2020, and 2019:
 Year Ended December 31,
 202120202019
(In Thousands)Interest Income That Would Have Been Recorded Based on
Original Term and Rate		Interest
Income
Recorded on
a Cash Basis		Interest Income That
Would Have Been
Recorded Based on
Original Term and Rate		Interest
Income
Recorded on
a Cash Basis		Interest Income That
Would Have Been
Recorded Based on
Original Term and Rate		Interest
Income
Recorded on
a Cash Basis
Commercial, financial, and agricultural
$112 $— $29 $— $166 $2 
Real estate mortgage:  
Residential29 — 21 28 158 33 
Commercial144 — 60 — 333 8 
Construction3 — 1 — 4 — 
Consumer automobile loans— — — — 16 10 
Other consumer installment loans— — — — 2 1 
 $288 $— $111 $28 $679 $54 
Schedule of Recorded Investment, Unpaid Principal Balance, and Related Allowance of Impaired Loans by Segment
The following table presents the recorded investment, unpaid principal balance, and related allowance of impaired loans by segment as of December 31, 2021 and 2020:
 2021
(In Thousands)Recorded InvestmentUnpaid Principal BalanceRelated Allowance
With no related allowance recorded:   
Commercial, financial, and agricultural$355 $355 $— 
Real estate mortgage:
Residential3,874 3,874 — 
Commercial3,105 3,105 — 
Construction105 105 — 
Consumer automobile loans— — — 
Other consumer installment loans— — — 
 7,439 7,439 — 
With an allowance recorded:   
Commercial, financial, and agricultural534 3,321 2 
Real estate mortgage:
Residential1,178 1,178 201 
Commercial4,814 4,814 800 
Construction— — — 
Consumer automobile loans— — — 
Other consumer installment loans20 20 20 
 6,546 9,333 1,023 
Total:   
Commercial, financial, and agricultural889 3,676 2 
Real estate mortgage:
Residential5,052 5,052 201 
Commercial7,919 7,919 800 
Construction105 105 — 
Consumer automobile loans— — — 
Other consumer installment loans20 20 20 
 $13,985 $16,772 $1,023 
 2020
(In Thousands)Recorded InvestmentUnpaid Principal BalanceRelated Allowance
With no related allowance recorded:   
Commercial, financial, and agricultural$865 $3,652 $— 
Real estate mortgage:
Residential5,023 5,023 — 
Commercial6,354 6,354 — 
Construction124 124 — 
Consumer automobile loans— — — 
Other consumer installment loans— — — 
 12,366 15,153 — 
With an allowance recorded:   
Commercial, financial, and agricultural— — — 
Real estate mortgage:
Residential1,294 1,294 224 
Commercial3,023 3,023 811 
Construction— — — 
Consumer automobile loans— — — 
Other consumer installment loans— — — 
 4,317 4,317 1,035 
Total:   
Commercial, financial, and agricultural865 3,652 — 
Real estate mortgage:
Residential6,317 6,317 224 
Commercial9,377 9,377 811 
Construction124 124 — 
Consumer automobile loans— — — 
Other consumer installment loans— — — 
 $16,683 $19,470 $1,035 
Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income Recognized
The following table presents the average recorded investment in impaired loans and related interest income recognized for December 31, 2021, 2020, and 2019:
 2021
(In Thousands)Average
Investment in
Impaired Loans		Interest Income
Recognized on an
Accrual Basis on
Impaired Loans		Interest Income
Recognized on a
Cash Basis on
Impaired Loans
Commercial, financial, and agricultural$1,345 $13 $— 
Real estate mortgage: 
Residential5,530 174 — 
Commercial9,462 122 — 
Construction116 2 — 
Consumer automobile loans30 — — 
Other consumer installment loans12 1 — 
 $16,495 $312 $— 
 2020
(In Thousands)Average
Investment in
Impaired Loans		Interest Income
Recognized on an
Accrual Basis on
Impaired Loans		Interest Income
Recognized on a
Cash Basis on
Impaired Loans
Commercial, financial, and agricultural$1,653 $34 $— 
Real estate mortgage:
Residential5,692 234 15 
Commercial7,937 158 — 
Construction72 1 4 
Consumer automobile loans89 — — 
Other consumer installment loans3 1 — 
 $15,446 $428 $19 
 2019
(In Thousands)Average
Investment in
Impaired Loans		Interest Income
Recognized on an
Accrual Basis on
Impaired Loans		Interest Income
Recognized on a
Cash Basis on
Impaired Loans
Commercial, financial, and agricultural$4,673 $5 $— 
Real estate mortgage:
Residential4,902 141 28 
Commercial9,757 117 3 
Construction71 — — 
Consumer automobile loans62 — 4 
Other consumer installment loans12 — — 
 $19,477 $263 $35 
Schedule of Loan Modifications that are Considered TDRs
Loan modifications that are considered TDRs completed during the twelve months ended December 31, 2021 and 2020 were as follows:
 Year Ended December 31,
 20212020
(In Thousands, Except Number of Contracts)Number
of
Contracts		Pre-Modification
Outstanding
Recorded
Investment		Post-Modification
Outstanding
Recorded
Investment		Number
of
Contracts		Pre-Modification
Outstanding
Recorded
Investment		Post-Modification
Outstanding
Recorded
Investment
Commercial, financial, and agricultural1 $949 $949 2 $1,028 $1,028 
Real estate mortgage:   
Residential3 1,265 1,265 — — — 
Commercial2 842 842 3 1,263 1,263 
Construction— — — — — — 
Other consumer installment loans— — — — — — 
Total6 $3,056 $3,056 5 $2,291 $2,291 
Loan modifications considered troubled debt restructurings made during the twelve months previous to December 31, 2021, that have defaulted during the corresponding twelve month period were as follows:
Year Ended December 31, 2021
(In Thousands, Except Number of Contracts)Number of ContractsRecorded Investment
Commercial, financial, and agricultural— $— 
Real estate mortgage:
Residential1 687 
Commercial— — 
Total1 $687 
Schedule of Credit Quality Categories
The following table presents the credit quality categories identified above as of December 31, 2021 and 2020:
 2021
 Commercial, Finance, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment 
(In Thousands)ResidentialCommercialConstructionTotals
Pass$160,899 $592,570 $432,158 $36,511 $139,408 $9,257 $1,370,803 
Special Mention234 284 6,108 676 — — 7,302 
Substandard2,152 2,993 8,468 108 — 20 13,741 
Total$163,285 $595,847 $446,734 $37,295 $139,408 $9,277 $1,391,846 
 2020
 Commercial, Finance, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment 
(In Thousands)ResidentialCommercialConstructionTotals
Pass$162,694 $584,599 $355,616 $39,192 $156,403 $19,938 $1,318,442 
Special Mention180 556 7,973 — — — 8,709 
Substandard1,869 4,566 9,599 117 — 2 16,153 
Total$164,743 $589,721 $373,188 $39,309 $156,403 $19,940 $1,343,304 
Schedule of Activity in the Allowance
Activity in the allowance is presented for the twelve months ended December 31, 2021, 2020, and 2019:
 2021
 Commercial, Finance, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment  
(In Thousands)ResidentialCommercialConstructionUnallocatedTotals
Beginning Balance$1,936$4,460$3,635$134$1,906$261$1,471$13,803
Charge-offs(37)(219)(14)—(286)(173)—(729)
Recoveries271121091014361—462
Provision203481,60635(352)(38)(979)640
Ending Balance$1,946$4,701$5,336$179$1,411$111$492$14,176
 2020
 Commercial, Finance, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment  
(In Thousands)ResidentialCommercialConstructionUnallocatedTotals
Beginning Balance$1,779 $4,306 $3,210 $118 $1,780 $278 $423 $11,894 
Charge-offs(64)(254)(64)— (396)(193)— (971)
Recoveries36 49 — 11 75 84 — 255 
Provision185 359 489 5 447 92 1,048 2,625 
Ending Balance$1,936 $4,460 $3,635 $134 $1,906 $261 $1,471 $13,803 
 2019
 Commercial, Finance, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installment  
(In Thousands)ResidentialCommercialConstructionUnallocatedTotals
Beginning Balance$1,680 $5,616 $4,047 $143 $1,328 $259 $764 $13,837 
Charge-offs(2,903)(347)(150)— (329)(1,228)— (4,957)
Recoveries90 6 1 10 79 93 — 279 
Provision2,912 (969)(688)(35)702 1,154 (341)2,735 
Ending Balance$1,779 $4,306 $3,210 $118 $1,780 $278 $423 $11,894 
Schedule of Concentration of Loan
The Corporation has a concentration of loans at December 31, 2021 and 2020 as follows:
 20212020
Owners of residential rental properties19.21 %16.57 %
Owners of commercial rental properties16.03 %13.57 %
Schedule of Allowance for Loan Losses and the Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2021 and 2020:
 2021
 Commercial, Finance, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installmentUnallocatedTotals
(In Thousands)ResidentialCommercialConstruction
Allowance for Loan Losses:       
Ending allowance balance attributable to loans:
       
Individually evaluated for impairment$2 $201 $800 $— $— $20 $— $1,023 
Collectively evaluated for impairment1,944 4,500 4,536 179 1,411 91 492 13,153 
Total ending allowance balance$1,946 $4,701 $5,336 $179 $1,411 $111 $492 $14,176 
Loans:      
Individually evaluated for impairment$889 $5,052 $7,919 $105 $— $20  $13,985 
Collectively evaluated for impairment162,396 590,795 438,815 37,190 139,408 9,257  1,377,861 
Total ending loans balance$163,285 $595,847 $446,734 $37,295 $139,408 $9,277  $1,391,846 
 2020
 Commercial, Finance, and AgriculturalReal Estate MortgagesConsumer automobileOther consumer installmentUnallocatedTotals
(In Thousands)ResidentialCommercialConstruction
Allowance for Loan Losses:       
Ending allowance balance attributable to loans:
       
Individually evaluated for impairment$— $224 $811 $— $— $— $— $1,035 
Collectively evaluated for impairment1,936 4,236 2,824 134 1,906 261 1,471 12,768 
Total ending allowance balance$1,936 $4,460 $3,635 $134 $1,906 $261 $1,471 $13,803 
Loans:       
Individually evaluated for impairment$865 $6,317 $9,377 $124 $— $—  $16,683 
Collectively evaluated for impairment163,878 583,404 363,811 39,185 156,403 19,940  1,326,621 
Total ending loans balance$164,743 $589,721 $373,188 $39,309 $156,403 $19,940  $1,343,304