LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Mar. 31, 2026

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)	March 31,		December 31,
	2026		2025
Real Estate	$	839,239	$	853,668
Agricultural		1,230		984
Commercial and Industrial		66,187		66,924
Consumer		4,881		4,953
State and Political Subdivisions		20,083		20,132
Subtotal: Total Loans		931,620		946,661
Net Deferred Fees and Costs		543		624
Subtotal: Total Loans Held for Investment		932,163		947,285
Loans Held for Sale		452		1,140
Allowance for Credit Losses		(9,038)		(9,412)
Net Loans	$	923,577	$	939,013

Schedule of classes of the loan portfolio summarized by risk rating

March 31, 2026:
(Dollars in thousands)
Real Estate:		2026		2025		2024		2023		2022		Prior		Total
1-6 Pass	$	20,659		106,891		92,505		98,037		138,468		353,184	$	809,744
7    Special Mention		—		214		93		1,985		280		784		3,356
8    Substandard		250		80		—		—		3,290		22,519		26,139
9    Doubtful		—		—		—		—		—		—		—
Total Real Estate Loans	$	20,909	$	107,185	$	92,598	$	100,022	$	142,038	$	376,487	$	839,239
Agricultural:		2026		2025		2024		2023		2022		Prior		Total
1-6 Pass	$	—		116		162		223		23		706	$	1,230
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		—		—
9    Doubtful		—		—		—		—		—		—		—
Total Agricultural Loans	$	—	$	116	$	162	$	223	$	23	$	706	$	1,230
Commercial and Industrial:		2026		2025		2024		2023		2022		Prior		Total
1-6 Pass	$	2,010		13,943		5,715		6,041		4,271		25,204	$	57,184
7    Special Mention		—		—		300		8,693		—		—		8,993
8    Substandard		10		—		—		—		—		—		10
9    Doubtful		—		—		—		—		—		—		—
Total Commercial and Industrial Loans	$	2,020	$	13,943	$	6,015	$	14,734	$	4,271	$	25,204	$	66,187
Consumer:		2026		2025		2024		2023		2022		Prior		Total
1-6 Pass	$	634		1,298		1,125		545		274		995	$	4,871
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		10		10
9    Doubtful		—		—		—		—		—		—		—
Total Consumer Loans	$	634	$	1,298	$	1,125	$	545	$	274	$	1,005	$	4,881

State and Political Subdivisions:		2026		2025		2024		2023		2022		Prior		Total
1-6 Pass	$	—		896		—		1,133		1,374		16,680	$	20,083
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		—		—
9    Doubtful		—		—		—		—		—		—		—
Total State and Political Subdivision Loans	$	—	$	896	$	—	$	1,133	$	1,374	$	16,680	$	20,083
Total Loans:		2026		2025		2024		2023		2022		Prior		Total
1-6 Pass	$	23,303		123,144		99,507		105,979		144,410		396,769	$	893,112
7    Special Mention		—		214		393		10,678		280		784		12,349
8    Substandard		260		80		—		—		3,290		22,529		26,159
9    Doubtful		—		—		—		—		—		—		—
Total Loans	$	23,563	$	123,438	$	99,900	$	116,657	$	147,980	$	420,082	$	931,620
		2026		2025		2024		2023		2022		Prior		Total
Gross Charge Offs:
Real Estate	$	—		—		—		—		—		—	$	—
Agricultural		—		—		—		—		—		—		—
Commercial and Industrial		—		—		—		—		—		—		—
Consumer		—		—		17		6		—		11		34
State and Political Subdivisions		—		—		—		—		—		—		—
Total Gross Charge Offs	$	—	$	—	$	17	$	6	$	—	$	11	$	34

As of December 31, 2025:
(Dollars in thousands)
Real Estate:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	105,385		98,017		100,585		143,520		105,700		272,003	$	825,210
7    Special Mention		863		93		1,995		282		804		—		4,037
8    Substandard		80		—		—		3,389		1,260		19,692		24,421
9    Doubtful		—		—		—		—		—		—		—
Total Real Estate Loans	$	106,328	$	98,110	$	102,580	$	147,191	$	107,764	$	291,695	$	853,668
Agricultural:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	24		168		151		24		—		617	$	984
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		—		—
9    Doubtful		—		—		—		—		—		—		—
Total Agricultural Loans	$	24	$	168	$	151	$	24	$	—	$	617	$	984
Commercial and Industrial:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	14,374		6,297		15,040		4,414		3,303		23,186	$	66,614
7    Special Mention		—		300		—		—		—		—		300
8    Substandard		—		—		10		—		—		—		10
9    Doubtful		—		—		—		—		—		—		—
Total Commercial and Industrial Loans	$	14,374	$	6,597	$	15,050	$	4,414	$	3,303	$	23,186	$	66,924

Consumer:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	1,593		1,310		657		337		340		693	$	4,930
7    Special Mention		—		—		—		—		—		13		13
8    Substandard		—		—		—		—		—		10		10
9    Doubtful		—		—		—		—		—		—		—
Total Consumer Loans	$	1,593	$	1,310	$	657	$	337	$	340	$	716	$	4,953
State and Political Subdivisions:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	861		—		1,139		1,374		12,528		4,230	$	20,132
7    Special Mention		—		—		—		—		—		—		—
8    Substandard		—		—		—		—		—		—		—
9    Doubtful		—		—		—		—		—		—		—
Total State and Political Subdivision Loans	$	861	$	—	$	1,139	$	1,374	$	12,528	$	4,230	$	20,132
Total Loans:		2025		2024		2023		2022		2021		Prior		Total
1-6 Pass	$	122,237	$	105,792	$	117,572	$	149,669	$	121,871	$	300,729	$	917,870
7    Special Mention		863		393		1,995		282		804		13		4,350
8    Substandard		80		—		10		3,389		1,260		19,702		24,441
9    Doubtful		—		—		—		—		—		—		—
Total Loans	$	123,180	$	106,185	$	119,577	$	153,340	$	123,935	$	320,444	$	946,661
		2025		2024		2023		2022		2021		Prior		Total
Gross Charge Offs:
Real Estate	$	—		—		10		2,000		—		7	$	2,017
Agricultural		—		—		—		—		—		—		—
Commercial and Industrial		—		—		442		500		—		—		942
Consumer		1		8		7		3		2		14		35
State and Political Subdivisions		—		—		—		—		—		—		—
Total Gross Charge Offs	$	1	$	8	$	459	$	2,503	$	2	$	21	$	2,994

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 March 31, 2026:
Allowance for Credit Losses:
Beginning balance January 1, 2026	$	8,836	$	2	$	452	$	74	$	48	$	9,412
Charge-offs		—		—		—		(34)		—		(34)
Recoveries		42		—		8		—		—		50
(Recovery of) Provision for Credit Losses		(416)		3		(19)		42		—		(390)
Ending Balance	$	8,462	$	5	$	441	$	82	$	48	$	9,038
Ending balance: individually
evaluated for impairment	$	841	$	—	$	—	$	—	$	—	$	841
Ending balance: collectively
evaluated for impairment	$	7,621	$	5	$	441	$	82	$	48	$	8,197
Reserve for Unfunded Lending Commitments	$	108	$	—	$	23	$	—	$	13	$	144
Loans Held for Investment:
Ending Balance	$	839,239	$	1,230	$	66,187	$	4,881	$	20,083	$	931,620
Ending balance: individually
evaluated for impairment	$	16,886	$	279	$	—	$	—	$	—	$	17,165
Ending balance: collectively
evaluated for impairment	$	822,353	$	951	$	66,187	$	4,881	$	20,083	$	914,455

(Dollars in thousands)	Real				Commercial				Political
	Estate		Agricultural		and Industrial		Consumer		Subdivisions		Total
As of and for the three months ended March 31, 2025:
Allowance for Credit Losses:
Beginning balance January 1, 2025		7,215		2		313		98		44		7,672
Charge-offs		—		—		(361)		(10)		—		(371)
Recoveries		—		—		15		1		—		16
Provision for Credit Losses		357		—		374		5		15		751
Ending Balance	$	7,572	$	2	$	341	$	94	$	59	$	8,068
Ending balance: individually
evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Ending balance: collectively
evaluated for impairment	$	7,572	$	2	$	341	$	94	$	59	$	8,068
Reserve for Unfunded Lending Commitments	$	73	$	—	$	16	$	—	$	—	$	89
Loans Held for Investment:
Ending Balance	$	863,664	$	1,117	$	68,223	$	6,544	$	24,633	$	964,181
Ending balance: individually
evaluated for impairment	$	4,718	$	309	$	—	$	—	$	—	$	5,027
Ending balance: collectively
evaluated for impairment	$	858,946	$	808	$	68,223	$	6,544	$	24,633	$	959,154

(Dollars in thousands)									State and
	Real				Commercial				Political
	Estate		Agricultural		and Industrial		Consumer		Subdivisions		Total
As of and for the year ended December 31, 2025:
Allowance for Credit Losses:
Beginning balance January 1, 2025		7,215		2		313		98		44		7,672
Charge-offs		(2,017)		—		(942)		(35)		—		(2,994)
Recoveries		1		—		29		3		—		33
Provision for Credit Losses		3,637		—		1,052		8		4		4,701
Ending Balance	$	8,836	$	2	$	452	$	74	$	48	$	9,412
Ending balance: individually
evaluated for impairment	$	973	$	—	$	—	$	—	$	—	$	973
Ending balance: collectively
evaluated for impairment	$	7,863	$	2	$	452	$	74	$	48	$	8,439
Reserve for Unfunded Lending Commitments	$	54	$	—	$	24	$	—	$	12	$	90
Loans Held for Investment:
Ending Balance	$	853,668	$	984	$	66,924	$	4,953	$	20,132	$	946,661
Ending balance: individually
evaluated for impairment	$	16,763	$	279	$	10	$	—	$	—	$	17,052
Ending balance: collectively

evaluated for impairment $ 836,905 $ 705 $ 66,914 $ 4,953 $ 20,132 $ 929,609

(Dollars in thousands)
	2026		2025
Balance at January 1	$	90	$	102
Provision for (recovery of) credit losses on unfunded commitments		54		(13)
Balance at March 31	$	144	$	89

Schedule of the outstanding recorded investment of TDRs

(Dollars in thousands)
	March 31, 2026
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	2		640	0.08%
Subtotal - Real Estate:	2		640	0.08%
Commercial and Industrial:
Non-Accrual	—	$	—	0.00%
Accruing	—		—	0.00%
Subtotal - Commercial and Industrial:	—		—	0.00%
Total	2	$	640	0.07%

(Dollars in thousands)
	December 31, 2025
Modifications of Loans to Borrowers Experiencing Financial Difficulty:				Recorded Investment
	Number of	Recorded		% of Loan
	Contracts	Investment		Segment
Real Estate:
Non-Accrual	1	$	9,703	1.14%
Accruing	4		2,951	0.35%
Subtotal - Real Estate:	5		12,654	1.48%
Commercial and Industrial:
Non-Accrual	—	$	—	0.00%
Accruing	1		7	0.01%
Subtotal - Commercial and Industrial:	1		7	0.01%
Total	6	$	12,661	1.34%

Schedule of the loan modifications categorized as TDRs

(Dollars in thousands)	For the Three Months Ended March 31, 2026
		Pre-Modification		Post-Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded		Recorded
	Contracts	Investment		Investment		Investment
Real Estate	2	$	640	$	640	$	640
Total	2	$	640	$	640	$	640

Schedule of loan modifications made for loans categorized as TDRs

	For the Three Months Ended March 31, 2026
	Rate	Term	Payment		Number
	Modification	Modification	Modification	Other	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)	March 31, 2026
	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	$	9,571	$	7,315	$	16,886	$	9,571	$	11,304	$	20,875	$	841
Commercial & Industrial		—		—		—		—		—		—		—
Total	$	9,571	$	7,315	$	16,886	$	9,571	$	11,304	$	20,875	$	841

(Dollars in thousands)		December 31, 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	$	9,703	$	7,060	$	16,763	$	9,703	$	11,049	$	20,752	$	973
Commercial & Industrial		—		10		10		—		25		25		—
Total	$	9,703	$	7,070	$	16,773	$	9,703	$	11,074	$	20,777	$	973

Schedule of financial receivables that are collateral-dependent loans

(Dollars in thousands)
March 31, 2026
Loan Segment/Collateral Type	Real Estate		Other
Real Estate:
1-4 Family Real Estate	$	329	$	—
Multifamily Real Estate		1,603		—
Non-owner Occupied, Non-Farm, Non-Residential Real Estate		3,853		—
Owner Occupied, Non-Farm, Non-Residential Real Estate		11,101		—
Subtotal - Real Estate:		16,886		—
Agricultural:
Stock	$	—	$	279
Subtotal - Agricultural:		—		279
Total	$	16,886	$	279
(Dollars in thousands)
December 31, 2025
Loan Segment/Collateral Type	Real Estate		Other
Real Estate:
1-4 Family Real Estate	$	328	$	—
Multifamily Real Estate		1,603		—
Non-owner Occupied, Non-Farm, Non-Residential Real Estate		3,884		—
Owner Occupied, Non-Farm, Non-Residential Real Estate		10,948		—
Subtotal - Real Estate:		16,763		—
Commercial and Industrial:
Commercial Motor Vehicle	$	—	$	10
Subtotal - Commercial and Industrial:		—		10
Agricultural:
Stock	$	—	$	279
Subtotal - Agricultural:		—		279
Total	$	16,763	$	289

Schedule of total non-performing assets

(Dollars in thousands)	March 31,		December 31,
	2026		2025
Real Estate	$	16,886	$	16,763
Agricultural		—		—
Commercial and Industrial		—		10
Consumer		—		—
State and Political Subdivisions		—		—
Total non-accrual loans		16,886		16,773
Foreclosed assets held for resale		—		—
Loans past-due 90 days or more and still accruing interest		—		146
Total non-performing assets	$	16,886	$	16,919

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
March 31, 2026:
Real Estate	$	1,537	$	4,120	$	16,067	$	21,724	$	817,515	$	839,239	$	—
Agricultural		—		137		—		137		1,093		1,230		—
Commercial and Industrial		448		—		—		448		65,739		66,187		—
Consumer		—		—		—		—		4,881		4,881		—
State and Political Subdivisions		—		—		—		—		20,083		20,083		—
Total	$	1,985	$	4,257	$	16,067	$	22,309	$	909,311	$	931,620	$	—

(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, 2025:
Real Estate	$	3,193	$	2,246	$	6,684	$	12,123	$	841,545	$	853,668	$	146
Agricultural		—		—		—		—		984		984		—
Commercial and Industrial		333		24		10		367		66,557		66,924		—
Consumer		126		—		—		126		4,827		4,953		—

State and Political Subdivisions		—		—		—		—		20,132		20,132		—
Total	$	3,652	$	2,270	$	6,694	$	12,616	$	934,045	$	946,661	$	146