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Stock Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Fair Value of Options Assumed

The fair value of the options granted were determined using the following weighted-average assumptions as of the grant date:

 

                
   Years ended December 31, 
   2022   2021   2020 
Risk-free interest rate   n/a    1.00%   n/a 
Expected term   n/a    7 year    n/a 
Expected stock price volatility   n/a    28.51%   n/a 
Dividend yield   n/a    2.88%   n/a 
Schedule of Share-based Compensation, Stock Options, Activity

A summary of option activity during 2022 is presented below:

 

(Dollars in thousands, except per share amounts)  Weighted   Weighted     
       average   average     
       exercise   remaining   Aggregate 
       price   contractual   intrinsic 
   Shares   per share   term   value 
Outstanding at January 1, 2022   148,211   $22.97    7.8 years   $848 
Granted   -   $-           
Effect of 5% stock dividend   6,986                
Forfeited/expired   (10,513)  $22.80           
Exercised   (112)  $20.25           
Outstanding at December 31, 2022   144,572   $21.87    6.8 years   $502 
Exercisable at December 31, 2022   77,670   $21.12     6.0 years    $326 
Fully vested options at December 31, 2022   77,670   $21.12     6.0 years    $326 
Schedule of Stock Option Exercised Additional Information

Additional information about stock options exercised is presented below:

 

                
(Dollars in thousands)  Years ended December 31, 
   2022   2021   2020 
Intrinsic value of options exercised (on exercise date)  $3   $141   $430 
Cash received from options exercised   -    22    42 
Excess tax benefit realized from options exercised  $-   $21   $32 
Schedule of Share-based Compensation Arrangements by Share-based Payment Award

      
(Dollars in thousands)
Year  Amount 
2023  $96 
2024   63 
2025   37 
Total  $196 
Restricted Stock [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Share-based Compensation Arrangements by Share-based Payment Award

Schedule of Share-based Compensation Arrangements by Share-based Payment Award 

      
(Dollars in thousands)
Year  Amount 
2023  $186 
2024   126 
2025   92 
2026   53 
Total  $457 
Schedule of Nonvested Share Activity

 

   Shares   Weighted average grant date price per share 
Nonvested restricted common stock at January 1, 2022   17,379   $21.05 
Granted   17,551   $25.49 
Vested   (8,885)  $23.14 
Forfeited   (1,214)  $20.02 
Effect of 5% stock dividend   1,226      
Nonvested restricted common stock at December 31, 2022   26,057   $23.50