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Concentration Of Credit Risk	12 Months Ended
	Dec. 31, 2022
Concentration Of Credit Risk [Abstract]
Concentration Of Credit Risk	Note 20 – Concentration of credit risk The Bank has a diversified loan portfolio consisting of commercial, real estate and consumer (installment) loans. Substantially all of the Bank’s customers are residents or operate business ventures in its market area consisting primarily of the Lynchburg metropolitan area. Therefore, a substantial portion of its debtors’ ability to honor their contracts and the Bank’s ability to realize the value of any underlying collateral, if needed, is influenced by the economic conditions in this market area. The Bank maintains a significant portion of its cash balances with one financial institution. Uninsured cash balances as of December 31, 2022 were approximately $13,674 which consisted of the total balances in one account at the Federal Home Loan Bank of Atlanta (FHLBA), as well as the balances (all net of $250 FDIC coverage) held in one account at Community Bankers’ Bank, one account at Truist Bank, one account at Zions Bank, one account held at First National Bankers’ Bank, and one account held at PNC Bank. Uninsured cash balances as of December 31, 2021 were approximately $4,162 which consisted of the total balances in the same accounts referenced for 2022 above.

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- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-URI https://asc.fasb.org/topic&trid=2134479

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- References

No definition available.

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