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Note 11 - Subsequent Events
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 11. Subsequent Events

 

During the month of October 2023, the Company signed two new leases for real estate to be occupied in 2024.  The first lease is for a new retail branch office expected to be opened in Roanoke, Virginia. This lease is for a 120-month term and includes an option to renew the term of the lease for two additional 60-month periods.   Occupancy is expected to begin no later than June 1, 2024.  The second lease will replace an existing lease for a loan production office in Glen Allen, Virginia. This lease is for an 86-month term.   Occupancy is expected to begin no later than February 1, 2024.