LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

9 Months Ended

Sep. 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)	September 30,		December 31,
	2025		2024
Real Estate	$	866,145	$	850,656
Agricultural		1,071		936
Commercial and Industrial		63,988		66,706
Consumer		5,446		6,390
State and Political Subdivisions		20,362		22,138
Subtotal: Total Loans		957,012		946,826
Net Deferred Fees and Costs		618		888
Subtotal: Total Loans Held for Investment		957,630		947,714
Loans Held for Sale		103		737
Allowance for Credit Losses		(8,000)		(7,672)
Net Loans	$	949,733	$	940,779

Schedule of classes of the loan portfolio summarized by risk rating

September 30, 2025:
(Dollars in thousands)
Real Estate:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	82,263		100,093		104,158		152,743		109,815		285,612	$	834,684
7    Special Mention		825		94		2,129		339		1,045		1,183		5,615
8    Substandard		—		—		—		4,566		1,290		19,990		25,846
9    Doubtful		—		—		—		—		—		—		—
Total Real Estate Loans	$	83,088	$	100,187	$	106,287	$	157,648	$	112,150	$	306,785	$	866,145

Agricultural:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	26		222		158		26		—		639	$	1,071
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		—		—
9    Doubtful		—		—		—		—		—		—		—
Total Agricultural Loans	$	26	$	222	$	158	$	26	$	—	$	639	$	1,071
Commercial and Industrial:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	8,872		6,292		15,561		5,187		3,544		24,214	$	63,670
7    Special Mention		—		315		—		—		—		—		315
8    Substandard		—		—		—		—		—		3		3
9    Doubtful		—		—		—		—		—		—		—
Total Commercial and Industrial Loans	$	8,872	$	6,607	$	15,561	$	5,187	$	3,544	$	24,217	$	63,988
Consumer:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	1,400		1,679		779		437		382		730	$	5,407
7    Special Mention		—		—		—		—		—		29		29
8    Substandard		—		—		—		—		—		10		10
9    Doubtful		—		—		—		—		—		—		—
Total Consumer Loans	$	1,400	$	1,679	$	779	$	437	$	382	$	769	$	5,446
State and Political Subdivisions:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	64		—		1,195		1,374		13,155		4,574	$	20,362
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		—		—
9    Doubtful		—		—		—		—		—		—		—
Total State and Political Subdivision Loans	$	64	$	—	$	1,195	$	1,374	$	13,155	$	4,574	$	20,362
Total Loans:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	92,625		108,286		121,851		159,767		126,896		315,769	$	925,194
7    Special Mention		825		409		2,129		339		1,045		1,212		5,959
8    Substandard		—		—		—		4,566		1,290		20,003		25,859
9    Doubtful		—		—		—		—		—		—		—
Total Loans	$	93,450	$	108,695	$	123,980	$	164,672	$	129,231	$	336,984	$	957,012
		2025		2024		2023		2022		2021		Prior		Total
Gross Charge Offs:
Real Estate	$	—		—		10		—		—		7	$	17
Agricultural		—		—		—		—		—		—		—
Commercial and Industrial		—		—		426		—		—		—		426
Consumer		—		8		7		3		2		9		29
State and Political Subdivisions		—		—		—		—		—		—		—
Total Gross Charge Offs	$	—	$	8	$	443	$	3	$	2	$	16	$	472

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 September 30, 2025:
Allowance for Credit Losses:
Beginning balance	$	7,293	$	3	$	329	$	84	$	53	$	7,762
Charge-offs		—		—		(20)		(11)		—		(31)
Recoveries		1		—		12		1		—		14
(Release of) Provision for Credit Losses		229		(1)		24		8		(5)		255
Ending Balance	$	7,523	$	2	$	345	$	82	$	48	$	8,000

(Dollars in thousands)									State and
	Real				Commercial				Political
	Estate		Agricultural		and Industrial		Consumer		Subdivisions		Total
As of and for the nine months ended September 30, 2025:
Allowance for Credit Losses:
Beginning balance January 1, 2025	$	7,215	$	2	$	313	$	98	$	44	$	7,672
Charge-offs		(17)		—		(426)		(29)		—		(472)
Recoveries		1		—		28		2		—		31
Provision for Credit Losses		324		—		430		11		4		769
Ending Balance	$	7,523	$	2	$	345	$	82	$	48	$	8,000
Ending balance: individually
evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Ending balance: collectively
evaluated for impairment	$	7,523	$	2	$	345	$	82	$	48	$	8,000
Reserve for Unfunded Lending Commitments	$	63	$	—	$	27	$	—	$	—	$	90
Loans Held for Investment:
Ending Balance	$	866,145	$	1,071	$	63,988	$	5,446	$	20,362	$	957,012
Ending balance: individually
evaluated for impairment	$	4,165	$	309	$	—	$	—	$	—	$	4,474
Ending balance: collectively
evaluated for impairment	$	861,980	$	762	$	63,988	$	5,446	$	20,362	$	952,538

(Dollars in thousands)	Real				Commercial					Political
	Estate		Agricultural		and Industrial		Consumer		Subdivisions		Total
As of and for the three months ended September 30, 2024:
Allowance for Loan Losses:
Beginning balance	$	7,206	$	2	$	325	$	91	$	63	$	7,687
Charge-offs		(237)		—		(504)		(9)		—		(750)
Recoveries		—		—		—		2		—		2
Provision (release of provision) for Credit Losses		194		—		518		10		(4)		718
Ending Balance	$	7,163	$	2	$	339	$	94	$	59	$	7,657

(Dollars in thousands)	Real				Commercial				Political
	Estate		Agricultural		and Industrial		Consumer		Subdivisions		Total
As of and for the nine months ended September 30, 2024:
Allowance for Credit Losses:
Beginning balance January 1, 2024		6,539		1		265		78		42		6,925
Charge-offs		(237)		—		(504)		(42)		—		(783)
Recoveries		19		—		1		3		—		23
Provision for Credit Losses		842		1		577		55		17		1,492
Ending Balance	$	7,163	$	2	$	339	$	94	$	59	$	7,657
Ending balance: individually
evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Ending balance: collectively
evaluated for impairment	$	7,163	$	2	$	339	$	94	$	59	$	7,657
Reserve for Unfunded Lending Commitments	$	149	$	—	$	23	$	—	$	1	$	173
Loans Held for Investment:
Ending Balance	$	836,213	$	1,008	$	66,804	$	6,166	$	24,408	$	934,599
Ending balance: individually
evaluated for impairment	$	3,452	$	309	$	107	$	—	$	—	$	3,868
Ending balance: collectively
evaluated for impairment	$	832,761	$	699	$	66,697	$	6,166	$	24,408	$	930,731

(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 nine months ended September 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		(12)		7
Balance at September 30	$	90	$	173

Schedule of the outstanding recorded investment of TDRs

(Dollars in thousands)
	September 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 Nine Months Ended September 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 Three Months Ended September 30, 2024
		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded		Recorded
	Contracts	Investment		Investment		Investment
Real Estate	1	$	120	$	120	$	120
Total	1	$	120	$	120	$	120
(Dollars in thousands)	For the Nine Months Ended September 30, 2024
		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded		Recorded
	Contracts	Investment		Investment		Investment
Real Estate	2	$	9,575	$	9,575	$	9,547
Total	2	$	9,575	$	9,575	$	9,547

Schedule of loan modifications made for loans categorized as TDRs

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

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

	For the Nine Months Ended September 30, 2024
	Rate	Term	Payment	Release of	Number
	Modification	Modification	Modification	Collateral	Modified
Real Estate	—	1	1	—	2
Total	—	1	1	—	2

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

(Dollars in thousands)	September 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	$	—	$	4,165	$	4,165	$	—	$	6,154	$	6,154	$	—
Total	$	—	$	4,165	$	4,165	$	—	$	6,154	$	6,154	$	—

(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)
September 30, 2025
Loan Segment/Collateral Type	Real Estate		Other
Real Estate:
1-4 Family Real Estate	$	330	$	—
Multifamily Real Estate		3,044		—
Owner Occupied, Non-Farm, Non-Residential Real Estate		791		—
Subtotal - Real Estate:		4,165		—
Agricultural:
Stock	$	—	$	309
Subtotal - Agricultural:		—		309
Total	$	4,165	$	309

(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)	September 30,		December 31,
	2025		2024
Real Estate	$	4,165	$	4,214
Agricultural		—		—
Commercial and Industrial		—		—
Consumer		—		—
State and Political Subdivisions		—		—
Total non-accrual loans		4,165		4,214
Foreclosed assets held for resale		—		—
Loans past-due 90 days or more and still accruing interest		2,415		756
Total non-performing assets	$	6,580	$	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
September 30, 2025:
Real Estate	$	4,428	$	7,429	$	6,580	$	18,437	$	847,708	$	866,145	$	2,415
Agricultural		—		—		—		—		1,071		1,071		—
Commercial and Industrial		98		—		—		98		63,890		63,988		—
Consumer		6		—		—		6		5,440		5,446		—
State and Political Subdivisions		—		—		—		—		20,362		20,362		—
Total	$	4,532	$	7,429	$	6,580	$	18,541	$	938,471	$	957,012	$	2,415

(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