LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

6 Months Ended

Jun. 30, 2025

LOANS AND ALLOWANCE FOR CREDIT LOSSES

Summary of outstanding loan balances by loan class prior to allocation of net deferred fees and costs

(Dollars in thousands)	June 30,		December 31,
	2025		2024
Real Estate	$	864,608	$	850,656
Agricultural		1,108		936
Commercial and Industrial		64,908		66,706
Consumer		6,295		6,390
State and Political Subdivisions		22,016		22,138
Subtotal: Total Loans		958,935		946,826
Net Deferred Fees and Costs		731		888
Subtotal: Total Loans Held for Investment		959,666		947,714
Loans Held for Sale		104		737
Allowance for Credit Losses		(7,762)		(7,672)
Net Loans	$	952,008	$	940,779

Schedule of classes of the loan portfolio summarized by risk rating

June 30, 2025:
(Dollars in thousands)
Real Estate:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	55,826		101,839		109,427		156,716		114,665		299,225	$	837,698
7    Special Mention		743		—		—		62		225		1,201		2,231
8    Substandard		—		—		—		4,574		548		19,557		24,679
9    Doubtful		—		—		—		—		—		—		—
Total Real Estate Loans	$	56,569	$	101,839	$	109,427	$	161,352	$	115,438	$	319,983	$	864,608

Agricultural:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	28		231		165		33		—		651	$	1,108
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		—		—
9    Doubtful		—		—		—		—		—		—		—
Total Agricultural Loans	$	28	$	231	$	165	$	33	$	—	$	651	$	1,108
Commercial and Industrial:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	3,981		7,553		16,506		7,087		3,895		25,852	$	64,874
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		27		—		—		7		34
9    Doubtful		—		—		—		—		—		—		—
Total Commercial and Industrial Loans	$	3,981	$	7,553	$	16,533	$	7,087	$	3,895	$	25,859	$	64,908
Consumer:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	1,298		2,361		914		507		441		764	$	6,285
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		10		10
9    Doubtful		—		—		—		—		—		—		—
Total Consumer Loans	$	1,298	$	2,361	$	914	$	507	$	441	$	774	$	6,295
State and Political Subdivisions:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	67		—		1,201		2,739		13,338		4,671	$	22,016
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		—		—
9    Doubtful		—		—		—		—		—		—		—
Total State and Political Subdivision Loans	$	67	$	—	$	1,201	$	2,739	$	13,338	$	4,671	$	22,016
Total Loans:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	61,200	$	111,984	$	128,213	$	167,082	$	132,339	$	331,163	$	931,981
7    Special Mention		743		—		—		62		225		1,201		2,231
8    Substandard		—		—		27		4,574		548		19,574		24,723
9    Doubtful		—		—		—		—		—		—		—
Total Loans	$	61,943	$	111,984	$	128,240	$	171,718	$	133,112	$	351,938	$	958,935
		2025		2024		2023		2022		2021		Prior		Total
Gross Charge Offs:
Real Estate	$	—		—		10		—		—		7	$	17
Agricultural		—		—		—		—		—		—		—
Commercial and Industrial		—		—		406		—		—		—		406
Consumer		—		—		7		—		2		9		18
State and Political Subdivisions		—		—		—		—		—		—		—
Total Gross Charge Offs	$	—	$	—	$	423	$	—	$	2	$	16	$	441

As of December 31, 2024:
(Dollars in thousands)
Real Estate:		2024		2023		2022		2021		2020		Prior		Total
1-6 Pass	$	103,734		114,225		167,282		119,406		101,748		216,890	$	823,285
7    Special Mention		—		—		76		225		—		1,239		1,540
8    Substandard		—		—		4,529		568		4,093		16,641		25,831
9    Doubtful		—		—		—		—		—		—		—
Total Real Estate Loans	$	103,734	$	114,225	$	171,887	$	120,199	$	105,841	$	234,770	$	850,656
Agricultural:		2024		2023		2022		2021		2020		Prior		Total
1-6 Pass	$	59		223		43		—		—		611	$	936
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		—		—
9    Doubtful		—		—		—		—		—		—		—
Total Agricultural Loans	$	59	$	223	$	43	$	—	$	—	$	611	$	936
Commercial and Industrial:		2024		2023		2022		2021		2020		Prior		Total
1-6 Pass	$	8,481		16,252		8,888		4,544		3,086		24,998	$	66,249
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		420		—		—		12		25		457
9    Doubtful		—		—		—		—		—		—		—
Total Commercial and Industrial Loans	$	8,481	$	16,672	$	8,888	$	4,544	$	3,098	$	25,023	$	66,706
Consumer:		2024		2023		2022		2021		2020		Prior		Total
1-6 Pass	$	2,962		1,292		718		577		71		764	$	6,384
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		6		6
9    Doubtful		—		—		—		—		—		—		—
Total Consumer Loans	$	2,962	$	1,292	$	718	$	577	$	71	$	770	$	6,390
State and Political Subdivisions:		2024		2023		2022		2021		2020		Prior		Total
1-6 Pass	$	—		1,232		2,739		13,338		—		4,829	$	22,138
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		—		—
9    Doubtful		—		—		—		—		—		—		—
Total State and Political Subdivision Loans	$	—	$	1,232	$	2,739	$	13,338	$	—	$	4,829	$	22,138
Total Loans:		2024		2023		2022		2021		2020		Prior		Total
1-6 Pass	$	115,236	$	133,224	$	179,670	$	137,865	$	104,905	$	248,092	$	918,992
7    Special Mention		—		—		76		225		—		1,239		1,540
8    Substandard		—		420		4,529		568		4,105		16,672		26,294
9    Doubtful		—		—		—		—		—		—		—
Total Loans	$	115,236	$	133,644	$	184,275	$	138,658	$	109,010	$	266,003	$	946,826

		2024		2023		2022		2021		2020		Prior		Total
Gross Charge Offs:
Real Estate	$	—		—		—		—		—		345	$	345
Agricultural		—		—		—		—		—		—		—
Commercial and Industrial		—		—		—		20		—		504		524
Consumer		—		15		29		11		8		6		69
State and Political Subdivisions		—		—		—		—		—		—		—
Total Gross Charge Offs	$	—	$	15	$	29	$	31	$	8	$	855	$	938

Schedule of loans individually or collectively evaluated for their impairment and related allowance, by loan class

(Dollars in thousands)									State and
	Real				Commercial				Political
	Estate		Agricultural		and Industrial		Consumer		Subdivisions		Total
As of and for the three months ended June 30, 2025:
Allowance for Credit Losses:
Beginning balance	$	7,572	$	2	$	341	$	94	$	59	$	8,068
Charge-offs		(17)		—		(45)		(8)		—		(70)
Recoveries		—		—		1		—		—		1
(Release of) Provision for Credit Losses		(262)		1		32		(2)		(6)		(237)
Ending Balance	$	7,293	$	3	$	329	$	84	$	53	$	7,762

(Dollars in thousands)									State and
	Real				Commercial				Political
	Estate		Agricultural		and Industrial		Consumer		Subdivisions		Total
As of and for the six months ended June 30, 2025:
Allowance for Credit Losses:
Beginning balance January 1, 2025	$	7,215	$	2	$	313	$	98	$	44	$	7,672
Charge-offs		(17)		—		(406)		(18)		—		(441)
Recoveries		—		—		16		1		—		17
Provision for Credit Losses		95		1		406		3		9		514
Ending Balance	$	7,293	$	3	$	329	$	84	$	53	$	7,762
Ending balance: individually
evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Ending balance: collectively
evaluated for impairment	$	7,293	$	3	$	329	$	84	$	53	$	7,762
Reserve for Unfunded Lending Commitments	$	75	$	—	$	20	$	2	$	—	$	97
Loans Held for Investment:
Ending Balance	$	864,608	$	1,108	$	64,908	$	6,295	$	22,016	$	958,935
Ending balance: individually
evaluated for impairment	$	4,190	$	309	$	28	$	—	$	—	$	4,527
Ending balance: collectively
evaluated for impairment	$	860,418	$	799	$	64,880	$	6,295	$	22,016	$	954,408

(Dollars in thousands)	Real				Commercial					Political
	Estate		Agricultural		and Industrial		Consumer		Subdivisions		Total
As of and for the three months ended June 30, 2024:
Allowance for Loan Losses:
Beginning balance	$	6,725	$	1	$	322	$	85	$	63	$	7,196
Charge-offs		—		—		—		(21)		—		(21)
Recoveries		1		—		1		—		—		2
Provision for Credit Losses		480		1		2		27		—		510
Ending Balance	$	7,206	$	2	$	325	$	91	$	63	$	7,687

(Dollars in thousands)	Real				Commercial				Political
	Estate		Agricultural		and Industrial		Consumer		Subdivisions		Total
As of and for the six months ended June 30, 2024:
Allowance for Credit Losses:
Beginning balance January 1, 2024		6,539		1		265		78		42		6,925
Charge-offs		—		—		—		(33)		—		(33)
Recoveries		19		—		1		1		—		21
Provision for Credit Losses		648		1		59		45		21		774
Ending Balance	$	7,206	$	2	$	325	$	91	$	63	$	7,687
Ending balance: individually
evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Ending balance: collectively
evaluated for impairment	$	7,206	$	2	$	325	$	91	$	63	$	7,687
Reserve for Unfunded Lending Commitments	$	159	$	—	$	36	$	—	$	1	$	196
Loans Held for Investment:
Ending Balance	$	823,344	$	987	$	64,543	$	6,181	$	26,069	$	921,124
Ending balance: individually
evaluated for impairment	$	3,993	$	309	$	611	$	—	$	—	$	4,913
Ending balance: collectively
evaluated for impairment	$	819,351	$	678	$	63,932	$	6,181	$	26,069	$	916,211

(Dollars in thousands)									State and
	Real				Commercial				Political
	Estate		Agricultural		and Industrial		Consumer		Subdivisions		Total
As of and for the year ended December 31, 2024:
Allowance for Credit Losses:
Beginning balance January 1, 2024		6,539		1		265		78		42		6,925
Charge-offs		(345)		—		(524)		(69)		—		(938)
Recoveries		21		—		19		5		—		45
Provision for Credit Losses		1,000		1		553		84		2		1,640
Ending Balance	$	7,215	$	2	$	313	$	98	$	44	$	7,672
Ending balance: individually
evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Ending balance: collectively
evaluated for impairment	$	7,215	$	2	$	313	$	98	$	44	$	7,672
Reserve for Unfunded Lending Commitments	$	85	$	—	$	17	$	—	$	—	$	102
Loans Held for Investment:
Ending Balance	$	850,656	$	936	$	66,706	$	6,390	$	22,138	$	946,826
Ending balance: individually
evaluated for impairment	$	4,214	$	309	$	—	$	—	$	—	$	4,523
Ending balance: collectively
evaluated for impairment	$	846,442	$	627	$	66,706	$	6,390	$	22,138	$	942,303

The Company's activity in the allowance for credit losses on unfunded commitments for the six months ended June 30, 2025 and 2024 was as follows:

(Dollars in thousands)
	2025		2024
Balance at January 1	$	102	$	166
(Release of) provision for credit losses on unfunded commitments		(5)		30
Balance at June 30	$	97	$	196

Schedule of the outstanding recorded investment of TDRs

(Dollars in thousands)
	June 30, 2025
Modifications of Loans to Borrowers Experiencing Financial Difficulty:				Recorded Investment
	Number of	Recorded		% of Loan
	Contracts	Investment		Segment
Real Estate:
Non-Accrual	—	$	—	0.00%
Accruing	1		107	0.01%
Subtotal - Real Estate:	1		107	0.01%
Total	1	$	107	0.01%
(Dollars in thousands)
	December 31, 2024
Modifications of Loans to Borrowers Experiencing Financial Difficulty:				Recorded Investment
	Number of	Recorded		% of Loan
	Contracts	Investment		Segment
Real Estate:
Non-Accrual	—	$	—	0.00%
Accruing	3		10,019	1.18%
Subtotal - Real Estate:	3		10,019	1.18%
Commercial and Industrial:
Non-Accrual	—	$	—	0.00%
Accruing	1		174	0.26%
Subtotal - Commercial and Industrial:	1		174	0.26%
Total	4	$	10,193	1.08%

Schedule of the loan modifications categorized as TDRs

(Dollars in thousands)	For the Three Months Ended June 30, 2025
		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded		Recorded
	Contracts	Investment		Investment		Investment
Real Estate	1	$	107	$	107	$	107
Total	1	$	107	$	107	$	107

(Dollars in thousands)	For the Six Months Ended June 30, 2025
		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded		Recorded
	Contracts	Investment		Investment		Investment
Real Estate	1	$	107	$	107	$	107
Total	1	$	107	$	107	$	107

(Dollars in thousands)	For the Six Months Ended June 30, 2024
		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded		Recorded
	Contracts	Investment		Investment		Investment
Real Estate	1	$	9,455	$	9,455	$	9,455
Total	1	$	9,455	$	9,455	$	9,455

Schedule of loan modifications made for loans categorized as TDRs

	For the Three Months Ended June 30, 2025
	Rate	Term	Payment	Release of	Number
	Modification	Modification	Modification	Collateral	Modified
Real Estate	—	—	1	—	1
Total	—	—	1	—	1

	For the Six Months Ended June 30, 2025
	Rate	Term	Payment	Release of	Number
	Modification	Modification	Modification	Collateral	Modified
Real Estate	—	—	1	—	1
Total	—	—	1	—	1

	For the Six Months Ended June 30, 2024
	Rate	Term	Payment	Release of	Number
	Modification	Modification	Modification	Collateral	Modified
Real Estate	—	—	1	—	1
Total	—	—	1	—	1

Schedule of average recorded investment, unpaid principal balance, and the related allowance of the company's non-accrual loans

(Dollars in thousands)	June 30, 2025
	Recorded		Recorded				Unpaid		Unpaid
	Investment		Investment				Principal		Principal		Total
	With		With No		Total		Balance With		Balance With		Unpaid
	Related		Related		Recorded		Related		No Related		Principal		Related
	Allowance		Allowance		Investment		Allowance		Allowance		Balance		Allowance
Real Estate	$	—	$	4,190	$	4,190	$	—	$	6,180	$	6,180	$	—
Commercial and Industrial		—		28		28		—		189		189		—
Total	$	—	$	4,218	$	4,218	$	—	$	6,369	$	6,369	$	—

(Dollars in thousands)		December 31, 2024
	Recorded		Recorded				Unpaid		Unpaid
	Investment		Investment				Principal		Principal		Total
	With		With No		Total		Balance With		Balance With		Unpaid
	Related		Related		Recorded		Related		No Related		Principal		Related
	Allowance		Allowance		Investment		Allowance		Allowance		Balance		Allowance
Real Estate	$	—	$	4,214	$	4,214	$	—	$	6,203	$	6,203	$	—
Total	$	—	$	4,214	$	4,214	$	—	$	6,203	$	6,203	$	—

Schedule of financial receivables that are collateral-dependent loans

(Dollars in thousands)
June 30, 2025
Loan Segment/Collateral Type	Real Estate		Other
Real Estate:
1-4 Family Real Estate	$	332	$	—
Multifamily Real Estate		3,044		—
Owner Occupied, Non-Farm, Non-Residential Real Estate		814		—
Subtotal - Real Estate:		4,190		—
Agricultural:
Stock	$	—	$	309
Subtotal - Agricultural:		—		309
Commercial and Industrial:
Business Assets	$	—	$	28
Subtotal - Commercial and Industrial:		—		28

Total	$	4,190	$	337
(Dollars in thousands)
December 31, 2024
Loan Segment/Collateral Type	Real Estate		Other
Real Estate:
1-4 Family Real Estate	$	247	$	—
Multifamily Real Estate		3,044		—
Owner Occupied, Non-Farm, Non-Residential Real Estate		923		—
Subtotal - Real Estate:		4,214		—
Agricultural:
Stock	$	—	$	309
Subtotal - Agricultural:		—		309
Total	$	4,214	$	309

Schedule of total non-performing assets

(Dollars in thousands)	June 30,		December 31,
	2025		2024
Real Estate	$	4,190	$	4,214
Agricultural		—		—
Commercial and Industrial		28		—
Consumer		—		—
State and Political Subdivisions		—		—
Total non-accrual loans		4,218		4,214
Foreclosed assets held for resale		—		—
Loans past-due 90 days or more and still accruing interest		621		756
Total non-performing assets	$	4,839	$	4,970

Schedule of the classes of the loan portfolio, including non-accrual loans and TDRs, summarized by past-due status

(Dollars in thousands)													90 Days
													Or Greater
													Past Due
					90 Days					Current-			and Still
	30-59 Days		60-89 Days		or Greater		Total			29 Days	Total		Accruing
	Past Due		Past Due		Past Due		Past Due		Past Due		Loans		Interest
June 30, 2025:
Real Estate	$	3,372	$	1,219	$	4,811	$	9,402	$	855,206	$	864,608	$	621
Agricultural		—		—		—		—		1,108		1,108		—
Commercial and Industrial		124		130		28		282		64,626		64,908		—
Consumer		11		—		—		11		6,284		6,295		—
State and Political Subdivisions		—		—		—		—		22,016		22,016		—
Total	$	3,507	$	1,349	$	4,839	$	9,695	$	949,240	$	958,935	$	621

(Dollars in thousands)													90 Days
													Or Greater
													Past Due
					90 Days					Current-			and Still
	30-59 Days		60-89 Days		or Greater		Total			29 Days	Total		Accruing
	Past Due		Past Due		Past Due		Past Due		Past Due		Loans		Interest
December 31, 2024:
Real Estate	$	4,247	$	221	$	4,970	$	9,438	$	841,218	$	850,656	$	756
Agricultural		—		—		—		—		936		936		—
Commercial and Industrial		378		—		—		378		66,328		66,706		—
Consumer		11		2		—		13		6,377		6,390		—
State and Political Subdivisions		—		—		—		—		22,138		22,138		—
Total	$	4,636	$	223	$	4,970	$	9,829	$	936,997	$	946,826	$	756