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LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Mar. 31, 2024

LOANS AND ALLOWANCE FOR CREDIT LOSSES [Abstract]

Portfolio Loans

Loans are comprised of the following:

		March 31, 2024				December 31, 2023
Residential real estate		$	324,738			$	319,504
Commercial real estate:
Owner-occupied			79,317				82,356
Nonowner-occupied			182,994				178,201
Construction			73,586				62,337
Commercial and industrial			160,473				157,298
Consumer:
Automobile			58,641				61,461
Home equity			38,434				35,893
Other			71,679				74,850
			989,862				971,900
Less:  Allowance for credit losses			(9,229	)			(8,767	)
Loans, net		$	980,633			$	963,133

Recorded Investment in Nonaccrual and Loans Past Due Over 90 Days Still on Accrual by Class of Loans

The following table presents the recorded investment of nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of March 31, 2024 and December 31, 2023:

March 31, 2024		Loans Past Due 90 Days And Still Accruing				Nonaccrual Loans With No ACL				Nonaccrual Loans With an ACL				Total Nonaccrual Loans
Residential real estate		$	13			$	1,663			$	357			$	2,020
Commercial real estate:
Owner-occupied			—				885				—				885
Nonowner-occupied			—				—				66				66
Construction			—				—				—				—
Commercial and industrial			—				105				44				149
Consumer:
Automobile			145				—				94				94
Home equity			—				27				125				152
Other			39				—				115				115
Total		$	197			$	2,680			$	801			$	3,481

December 31, 2023		Loans Past Due 90 Days And Still Accruing				Nonaccrual Loans With No ACL				Nonaccrual Loans With an ACL				Total Nonaccrual Loans
Residential real estate		$	9			$	—			$	1,234			$	1,234
Commercial real estate:
Owner-occupied			—				775				—				775
Nonowner-occupied			—				—				61				61
Construction			—				—				1				1
Commercial and industrial			—				—				48				48
Consumer:
Automobile			56				—				78				78
Home equity			—				—				95				95
Other			54				—				100				100
Total		$	119			$	775			$	1,617			$	2,392

Aging of Recorded Investment in Past Due Loans by Class of Loans

The following table presents the aging of the recorded investment of past due loans by class of loans as of March 31, 2024 and December 31, 2023:

March 31, 2024		30-59 Days Past Due				60-89 Days Past Due				90 Days Or More Past Due				Total Past Due				Loans Not Past Due				Total
Residential real estate		$	2,941			$	687			$	1,141			$	4,769			$	319,969			$	324,738
Commercial real estate:
Owner-occupied			70				805				179				1,054				78,263				79,317
Nonowner-occupied			173				—				-				173				182,821				182,994
Construction			-				3				—				3				73,583				73,586
Commercial and industrial			615				—				149				764				159,709				160,473
Consumer:
Automobile			1,117				116				221				1,454				57,187				58,641
Home equity			351				112				92				555				37,879				38,434
Other			510				633				149				1,292				70,387				71,679
Total		$	5,777			$	2,356			$	1,931			$	10,064			$	979,798			$	989,862

December 31, 2023		30-59 Days Past Due				60-89 Days Past Due				90 Days Or More Past Due				Total Past Due				Loans Not Past Due				Total
Residential real estate		$	2,705			$	368			$	481			$	3,554			$	315,950			$	319,504
Commercial real estate:
Owner-occupied			2,580				—				775				3,355				79,001				82,356
Nonowner-occupied			681				—				—				681				177,520				178,201
Construction			—				—				—				—				62,337				62,337
Commercial and industrial			3,338				—				48				3,386				153,912				157,298
Consumer:
Automobile			782				210				117				1,109				60,352				61,461
Home equity			353				62				95				510				35,383				35,893
Other			658				121				148				927				73,923				74,850
Total		$	11,097			$	761			$	1,664			$	13,522			$	958,378			$	971,900

Risk Category Loans by Class of Loans

As of March 31, 2024 and December 31, 2023, and based on the most recent analysis performed, the risk category of commercial loans by class of loans was as follows:

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
March 31, 2024		2024				2023				2022				2021				2020				Prior				Cost Basis				Total
Commercial real estate:
Owner-occupied
Risk Rating
Pass		$	1,571			$	17,801			$	7,859			$	10,484			$	5,735			$	18,700			$	347			$	62,497
Special Mention			—				—				—				13,405				—				633				99				14,137
Substandard			—				—				—				—				—				2,383				300				2,683
Doubtful			—				—				—				—				—				—				—				—
Total		$	1,571			$	17,801			$	7,859			$	23,889			$	5,735			$	21,716			$	746			$	79,317
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
March 31, 2024		2024				2023				2022				2021				2020				Prior				Cost Basis				Total
Commercial real estate:
Nonowner-occupied
Risk Rating
Pass		$	9,036			$	6,210			$	27,689			$	31,906			$	20,259			$	70,782			$	5,585			$	171,467
Special Mention			—				1,663				113				760				—				5,791				—				8,327
Substandard			—				—				—				—				3,200				—				—				3,200
Doubtful			—				—				—				—				—				—				—				—
Total		$	9,036			$	7,873			$	27,802			$	32,666			$	23,459			$	76,573			$	5,585			$	182,994
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
March 31, 2024		2024				2023				2022				2021				2020				Prior				Cost Basis				Total
Commercial real estate:
Construction
Risk Rating
Pass		$	2,820			$	33,479			$	31,455			$	1,186			$	296			$	3,148			$	306			$	72,690
Special Mention			—				657				—				—				—				52				—				709
Substandard			—				—				—				—				—				187				—				187
Doubtful			—				—				—				—				—				—				—				—
Total		$	2,820			$	34,136			$	31,455			$	1,186			$	296			$	3,387			$	306			$	73,586
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
March 31, 2024		2024				2023				2022				2021				2020				Prior				Cost Basis				Total
Commercial and Industrial
Risk Rating
Pass		$	3,436			$	8,363			$	29,893			$	26,592			$	30,383			$	27,512			$	28,631			$	154,810
Special Mention			—				196				91				503				273				—				440				1,503
Substandard			—				134				—				55				1,291				165				2,515				4,160
Doubtful			—				—				—				—				—				—				—				—
Total		$	3,436			$	8,693			$	29,984			$	27,150			$	31,947			$	27,677			$	31,586			$	160,473
Current Period gross charge-offs		$	107			$	—			$	—			$	1			$	—			$	—			$	1			$	109

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
December 31, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Commercial real estate:
Owner-occupied
Risk Rating
Pass		$	18,120			$	7,911			$	10,679			$	5,973			$	6,125			$	15,925			$	459			$	65,192
Special Mention			—				—				—				—				—				427				—				427
Substandard			—				—				13,934				—				498				2,005				300				16,737
Doubtful			—				—				—				—				—				—				—				—
Total		$	18,120			$	7,911			$	24,613			$	5,973			$	6,623			$	18,357			$	759			$	82,356
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
December 31, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Commercial real estate:
Nonowner-occupied
Risk Rating
Pass		$	12,688			$	29,344			$	32,235			$	20,484			$	15,415			$	61,809			$	1,128			$	173,103
Special Mention			—				—				768				3,226				—				1,034				—				5,028
Substandard			—				—				70				—				—				—				—				70
Doubtful			—				—				—				—				—				—				—				—
Total		$	12,688			$	29,344			$	33,073			$	23,710			$	15,415			$	62,843			$	1,128			$	178,201
Current Period gross charge-offs		$	—			$	—			$	132			$	—			$	—			$	—			$	—			$	132

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
December 31, 2023		2023				2022				2021				2020					20219			Prior				Cost Basis				Total
Commercial real estate:
Construction
Risk Rating
Pass		$	28,055			$	29,174			$	1,231			$	302			$	392			$	2,937			$	—			$	62,091
Special Mention			—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				246				—				246
Doubtful			—				—				—				—				—				—				—				—
Total		$	28,055			$	29,174			$	1,231			$	302			$	392			$	3,183			$	—			$	62,337
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
December 31, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Commercial and Industrial
Risk Rating
Pass		$	8,770			$	30,885			$	26,806			$	31,247			$	344			$	27,632			$	27,510			$	153,194
Special Mention			140				—				—				—				—				8				66				214
Substandard			—				—				58				1,363				4				182				2,283				3,890
Doubtful			—				—				—				—				—				—				—				—
Total		$	8,910			$	30,885			$	26,864			$	32,610			$	348			$	27,822			$	29,859			$	157,298
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	29			$	29

Recorded Investment of Residential and Consumer Loans

The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses.  For residential and consumer loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment of residential and consumer loans by class of loans based on repayment activity as of March 31, 2024 and December 31, 2023:

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
March 31, 2024		2024				2023				2022				2021				2020				Prior				Cost Basis				Total
Residential Real Estate:
Payment Performance
Performing		$	8,841			$	53,765			$	43,313			$	50,199			$	43,511			$	109,602			$	13,474			$	322,705
Nonperforming			—				—				927				—				—				1,106				—				2,033
Total		$	8,841			$	53,765			$	44,240			$	50,199			$	43,511			$	110,708			$	13,474			$	324,738
Current Period gross charge-offs		$	—			$	—			$	10			$	—			$	—			$	27			$	—			$	37

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
March 31, 2024		2024				2023				2022				2021				2020				Prior				Cost Basis				Total
Consumer - Automobile:
Payment Performance
Performing		$	3,894			$	26,641			$	18,048			$	5,922			$	2,504			$	1,393			$	—			$	58,402
Nonperforming			—				128				51				37				—				23				—				239
Total		$	3,894			$	26,769			$	18,099			$	5,959			$	2,504			$	1,416			$	—			$	58,641
Current Period gross charge-offs		$	—			$	64			$	129			$	5			$	—			$	2			$	—			$	200

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
March 31, 2024		2024				2023				2022				2021				2020				Prior				Cost Basis				Total
Consumer - Home Equity:
Payment Performance
Performing		$	—			$	1,773			$	—			$	92			$	—			$	119			$	36,298			$	38,282
Nonperforming			—				—				—				—				—				—				152				152
Total		$	—			$	1,773			$	—			$	92			$	—			$	119			$	36,450			$	38,434
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
March 31, 2024		2024				2023				2022				2021				2020				Prior				Cost Basis				Total
Consumer - Other:
Payment Performance
Performing		$	4,747			$	25,236			$	12,305			$	9,713			$	3,951			$	1,697			$	13,877			$	71,526
Nonperforming			—				38				35				6				36				4				34				153
Total		$	4,747			$	25,274			$	12,340			$	9,719			$	3,987			$	1,701			$	13,911			$	71,679
Current Period gross charge-offs		$	68			$	18			$	28			$	51			$	16			$	2			$	65			$	248

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
December 31, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Residential Real Estate:
Payment Performance
Performing		$	50,484			$	44,640			$	50,949			$	44,818			$	21,854			$	91,956			$	13,560			$	318,261
Nonperforming			—				—				—				—				182				1,061				—				1,243
Total		$	50,484			$	44,640			$	50,949			$	44,818			$	22,036			$	93,017			$	13,560			$	319,504
Current Period gross charge-offs		$	—			$	—			$	3			$	—			$	—			$	118			$	—			$	121

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
December 31, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Consumer - Automobile:
Payment Performance
Performing		$	28,939			$	20,376			$	7,013			$	3,028			$	1,212			$	759			$	—			$	61,327
Nonperforming			34				60				15				1				9				15				—				134
Total		$	28,973			$	20,436			$	7,028			$	3,029			$	1,221			$	774			$	—			$	61,461
Current Period gross charge-offs		$	51			$	163			$	116			$	6			$	29			$	3			$	—			$	368

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
December 31, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Consumer - Home Equity:
Payment Performance
Performing		$	1,649			$	79			$	—			$	—			$	—			$	—			$	34,070			$	35,798
Nonperforming			—				—				—				—				—				—				95				95
Total		$	1,649			$	79			$	—			$	—			$	—			$	—			$	34,165			$	35,893
Current Period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	87			$	87

																										Revolving
																										Loans
		Term Loans Amortized Cost Basis by Origination Year																								Amortized
December 31, 2023		2023				2022				2021				2020				2019				Prior				Cost Basis				Total
Consumer - Other:
Payment Performance
Performing		$	18,377			$	24,904			$	10,800			$	4,482			$	1,093			$	953			$	14,087			$	74,696
Nonperforming			11				17				67				53				1				4				1				154
Total		$	18,388			$	24,921			$	10,867			$	4,535			$	1,094			$	957			$	14,088			$	74,850
Current Period gross charge-offs		$	306			$	119			$	119			$	84			$	28			$	53			$	246			$	955

Activity in Allowance for Loan Losses by Portfolio Segment

The following table presents the activity in the allowance for credit losses by portfolio segment for the three months ended March 31, 2024 and 2023:

March 31, 2024		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for credit losses:
Beginning balance		$	2,213			$	3,047			$	1,275			$	2,232			$	8,767
Provision for credit losses			130				188				184				355				857
Loans charged-off			(37	)			—				(109	)			(448	)			(594	)
Recoveries			22				11				4				162				199
Total ending allowance balance		$	2,328			$	3,246			$	1,354			$	2,301			$	9,229

March 31, 2023		Residential Real Estate				Commercial Real Estate				Commercial and Industrial				Consumer				Total
Allowance for credit losses:
Beginning balance		$	2,026			$	2,200			$	1,177			$	2,028			$	7,431
Provision for credit losses			39				225				21				180				465
Loans charged-off			(47	)			(132	)			(29	)			(248	)			(456	)
Recoveries			13				13				8				133				167
Total ending allowance balance		$	2,031			$	2,306			$	1,177			$	2,093			$	7,607

Amortized Cost of Collateral Dependent Loans, by Class

The following table presents the amortized cost basis of collateral dependent loans by class of loans as of March 31, 2024 and December 31, 2023:

		Collateral Type
March 31, 2024		Real Estate				Business Assets				Total
Residential real estate		$	1,663			$	—			$	1,663
Commercial real estate:
Owner-occupied			696				189				885
Consumer:
Home equity			27				—				27
Total collateral dependent loans		$	2,386			$	189			$	2,575

		Collateral Type
December 31, 2023		Real Estate				Business Assets				Total
Residential real estate		$	1,663			$	—			$	1,663
Commercial real estate:
Owner-occupied			700				258				958
Consumer:
Home equity			27				—				27
Total collateral dependent loans		$	2,390			$	258			$	2,648

X

- Definition

Tabular disclosure of amortized cost of collateral-dependent loans of different classes.

+ References

No definition available.

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Tabular disclosure of recorded investment of residential and consumer loans by class of loans based on repayment activity.

+ References

No definition available.

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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-29

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- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
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