Troubled Debt Restructurings	9 Months Ended
Sep. 30, 2022
Troubled Debt Restructuring [Abstract]
Troubled Debt Restructurings	NOTE 5 – Troubled Debt Restructurings At September 30, 2022, the Company had 15 loans totaling $6.8 million compared to 14 loans totaling $6.3 million at December 31, 2021, which were considered as TDRs. The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company grants a concession to the debtor that it would not normally consider. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of the workout plan for individual loan relationships, the Company may restructure loan terms to assist borrowers facing financial challenges in the current economic environment. There were three loans considered new TDRs during the three and nine months ended September 30, 2022. There was one consumer real estate loan with a pre-modification and post-modification balance of $885,000, and there were two commercial business loans with a pre-modification balance totaling $1.1 million and a post-modification balance totaling $1.1 million. For the three and nine months ended September 30, 2021, renewals and modifications were not material. As of September 30, 2022 and 2021, there were no loans modified as a TDR for which there was a payment default (60 days past due) within 12 months of the restructuring date.

Troubled Debt Restructurings

9 Months Ended

Sep. 30, 2022

Troubled Debt Restructuring [Abstract]

NOTE 5 – Troubled Debt Restructurings

At September 30, 2022, the Company had 15 loans totaling $6.8 million compared to 14 loans totaling $6.3 million at December 31, 2021, which were considered as TDRs. The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company grants a concession to the debtor that it would not normally consider. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of the workout plan for individual loan relationships, the Company may restructure loan terms to assist borrowers facing financial challenges in the current economic environment.

There were three loans considered new TDRs during the three and nine months ended September 30, 2022. There was one consumer real estate loan with a pre-modification and post-modification balance of $885,000, and there were two commercial business loans with a pre-modification balance totaling $1.1 million and a post-modification balance totaling $1.1 million. For the three and nine months ended September 30, 2021, renewals and modifications were not material.

As of September 30, 2022 and 2021, there were no loans modified as a TDR for which there was a payment default (60 days past due) within 12 months of the restructuring date.