Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

Supplemental disclosures of cash flow information and non-cash transactions related to cash flows for the years ended December 31, 2023 and 2022 are as follows:

	2023		2022
	(Dollars in Thousands)
Cash paid during the year for:
Interest	$	14,033	$	3,873
Income taxes		2,375		2,855
Non-cash transactions:
Assets acquired in settlement of loans		1,178		907
Transfers of closed branch assets to OREO		—		391
Reissuance of treasury stock as compensation		134		138

Schedule of Earnings Per Share, Basic and Diluted

The following table reflects weighted average shares used to calculate basic and diluted net income per share for the years ended December 31, 2023 and 2022.

	Year Ended December 31,
	2023		2022
Weighted average shares outstanding		5,851,702		5,969,575
Weighted average director deferred shares		112,857		114,483
Basic shares		5,964,559		6,084,058
Dilutive shares		411,900		419,650
Diluted shares		6,376,459		6,503,708

	Year Ended December 31,
	2023		2022
	(Dollars in Thousands, Except Per Share Data)
Net income	$	8,485	$	6,864
Basic net income per share	$	1.42	$	1.13
Diluted net income per share	$	1.33	$	1.06

Summary of the Impact on Allowance for Credit Losses on Loans and Leases of the Adoption of ASC 326

The table below summarizes the impact on the allowance for credit losses on loans and leases of the adoption of ASC 326 on January 1, 2023:

	January 1, 2023 Adoption Date
	Construction, Land Development, and Other			Real Estate 1-4 Family			Real Estate Multi- Family			Non- Farm Non- Residential			Commercial and Industrial			Direct Consumer		Branch Retail		Indirect Consumer		Total
	(Dollars in Thousands)
Allowance for credit losses on loans and leases:
Beginning balance, prior to adoption	$	517		$	832		$	646		$	1,970		$	919		$	866	$	518	$	3,154	$	9,422
Impact of adoption		(94	)		(39	)		(85	)		(147	)		(20	)		47		628		1,833		2,123
Ending balance, after adoption	$	423		$	793		$	561		$	1,823		$	899		$	913	$	1,146	$	4,987	$	11,545