Affinity Bancshares (AFBI) 10-K23 Mar 232022 FY Annual reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
Document And Entity Information - USD ($) $ in Millions	Dec. 31, 2022	Mar. 20, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Trading Symbol	AFBI
Entity Registrant Name	Affinity Bancshares, Inc.
Entity Central Index Key	0001823406
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		6,596,910
Entity Public Float			$ 83.7
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Voluntary Filers	No
Entity File Number	001-39914
Entity Tax Identification Number	82-1147778
Entity Address, Address Line One	3175 Highway 278
Entity Address, City or Town	Covington
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30014
City Area Code	770
Local Phone Number	786-7088
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.01 per share
Entity Incorporation, State or Country Code	MD
Document Annual Report	true
Document Transition Report	false
Security Exchange Name	NASDAQ
Documents Incorporated by Reference	1. Portions of the Proxy Statement for the 2023 Annual Meeting of Stockholders. (Part III)
Auditor Name	Wipfli LLP
Auditor Location	Atlanta, Georgia
Auditor Firm ID	344

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 2,928	$ 16,239
Interest-earning deposits in other depository institutions	23,396	95,537
Cash and cash equivalents	26,324	111,776
Investment securities available-for-sale	46,200	48,557
Investment securities held-to-maturity (estimated fair value of $26,251)	26,527	0
Other investments	1,082	2,476
Loans, net	636,909	575,825
Other real estate owned	2,901	3,538
Premises and equipment, net	4,257	3,783
Bank owned life insurance	15,724	15,377
Intangible assets	18,558	18,749
Other assets	12,801	8,007
Total assets	791,283	788,088
Liabilities :
Savings accounts	101,622	86,745
Interest-bearing checking	91,167	89,384
Market rate checking	148,097	145,969
Noninterest-bearing checking	190,297	193,940
Certificate of deposits	125,989	96,758
Total deposits	657,172	612,796
Federal Home Loan Bank advances and other borrowings	10,025	48,988
Accrued interest payable and other liabilities	6,983	5,336
Total liabilities	674,180	667,120
Stockholders' equity:
Common stock (par value $0.01 per share, 40,000,000 shares authorized; 6,605,384 issued and outstanding at December 31, 2022 and 6,872,634 issued and outstanding at December 31, 2021)	66	69
Preferred stock (10,000,000 shares authorized, no shares outstanding)
Additional paid in capital	63,130	68,038
Unearned ESOP shares	(4,795)	(5,004)
Retained earnings	65,357	58,223
Accumulated other comprehensive loss	(6,655)	(358)
Total stockholders' equity	117,103	120,968
Total liabilities and stockholders' equity	$ 791,283	$ 788,088

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Investment securities held-to-maturity estimated fair value	$ 26,251
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	6,605,384	6,872,634
Common stock, shares outstanding	6,605,384	6,872,634
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares outstanding	0	0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
Consolidated Statements of Income - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Loans, including fees	$ 30,045,000	$ 31,484,000
Investment securities	1,318,000	789,000
Interest-earning deposits	771,000	180,000
Total interest income	32,134,000	32,453,000
Interest expense:
Deposits	3,233,000	2,680,000
FHLB advances and other borrowings	(854,000)	497,000
Total interest expense	2,379,000	3,177,000
Net interest income before provision for loan losses	29,755,000	29,276,000
Provision for loan losses	704,000	1,075,000
Net interest income after provision for loan losses	29,051,000	28,201,000
Noninterest income:
Service charges on deposit accounts	1,611,000	1,506,000
Other	791,000	1,172,000
Total noninterest income	2,402,000	2,678,000
Noninterest expenses:
Salaries and employee benefits	12,221,000	10,663,000
Occupancy	2,523,000	2,935,000
Advertising	476,000	339,000
Data processing	1,947,000	1,975,000
Write-down of premises and equipment		1,176,000
FHLB prepayment penalties	647,000
Other	4,312,000	3,880,000
Total noninterest expenses	22,126,000	20,968,000
Income before income taxes	9,327,000	9,911,000
Income tax expense	2,193,000	2,338,000
Net income	$ 7,134,000	$ 7,573,000
Weighted average common shares outstanding
Basic	6,669,389	6,911,576
Diluted	6,761,771	6,969,402
Basic earnings per share	$ 1.07	$ 1.10
Diluted earnings per share	$ 1.06	$ 1.09

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
Consolidated Statements of Comprehensive Income - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 7,134,000	$ 7,573,000
Other comprehensive loss:
Net unrealized loss on available-for-sale securities, net of taxes of $(2,133) and $(176)	(6,297,000)	(517,000)
Total other comprehensive loss	(6,297,000)	(517,000)
Total comprehensive income	$ 837,000	$ 7,056,000

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net unrealized gain on available for sale securities, tax	$ (2,132)	$ (176)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Common Stock	[1]	Additional Paid In Capital	Treasury Stock	Unearned ESOP Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2020	$ 80,785,000	$ 69,000		$ 33,628,000	$ (1,268,000)	$ (2,453,000)	$ 50,650,000	$ 159,000
ESOP loan payment and release of ESOP shares	269,000			(141,000)		410,000
Stock-based compensation expense	410,000			410,000
Change in unrealized loss on investment securities available-for-sale, net of tax	(517,000)							(517,000)
Issuance of common stock (less stock offering expenses of $1,699)	32,448,000			32,448,000
Issuance of shares and loan to ESOP				2,961,000		(2,961,000)
Treasury stock retired				(1,268,000)	$ 1,268,000
Net income	7,573,000						7,573,000
Ending balance at Dec. 31, 2021	120,968,000	69,000		68,038,000		(5,004,000)	58,223,000	(358,000)
ESOP loan payment and release of ESOP shares	313,000			104,000		209,000
Issuance of restricted stock awards	78,000	1,000		77,000
Stock-based compensation expense	616,000			616,000
Change in unrealized loss on investment securities available-for-sale, net of tax	(6,297,000)							(6,297,000)
Common stock repurchase	(5,709,000)	(4,000)		(5,705,000)
Net income	7,134,000						7,134,000
Ending balance at Dec. 31, 2022	$ 117,103,000	$ 66,000		$ 63,130,000		$ (4,795,000)	$ 65,357,000	$ (6,655,000)

[1] Amounts related to periods prior to the date of Conversion (January 20, 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion ( 0.90686 ).

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Stock offering expense	$ 1,699

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 7,134	$ 7,573
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisition:
Depreciation and net amortization	338	674
Stock-based compensation expense	694	410
Deferred income tax expense (benefit)	280	(227)
Provision for loan losses	704	1,075
ESOP expense	313	269
Net loss (gain) on sale and writedown of other real estate owned	105	(127)
Increase in cash surrender value of bank owned life insurance	(347)	(366)
Loss on writedown of premises and equipment		1,176
Change in:
Accrued interest receivable and other assets	(716)	2,757
Accrued interest payable and other liabilities	(936)	(1,363)
Net cash provided by operating activities	7,569	11,851
Cash flows from investing activities, net of effects of acquisition:
Purchases of investment securities held-to-maturity	(26,525)
Purchases of investment securities available-for-sale	(10,143)	(29,381)
Purchases of premises and equipment	(1,394)	(830)
Proceeds from paydowns of investment securities available-for-sale	3,905	3,958
Proceeds from maturity of investment securities held-to-maturity	2
Purchases of other investments	(1,563)	(1,413)
Proceeds from sales of other investments	2,957	533
Proceeds from bank owned life insurance death claim		300
Net change in loans	(61,493)	15,791
Proceeds from sales of other real estate owned	532	1,419
Net cash used in investing activities	(93,722)	(9,623)
Cash flows from financing activities, net of effects of acquisition:
Net change in demand and savings deposits	44,385	(25,340)
Stock repurchase	(5,709)
Proceeds from FHLB advances	105,000	35,000
Repayment of FHLB advances	(143,000)	(5,000)
Proceeds from PPPLF borrowings	25
Repayment of PPPLF borrowings		(100,813)
Repayment of holding company loan		(5,000)
Proceeds from stock offering		37,108
Stock offering expenses		(1,699)
Funding of ESOP		(2,961)
Net cash provided by (used in) financing activities	701	(68,705)
Net change in cash and cash equivalents	(85,452)	(66,477)
Cash and cash equivalents at beginning of period	111,776	178,253
Cash and cash equivalents at end of period	26,324	111,776
Supplemental disclosures of cash flow information:
Cash paid for income taxes	2,149	2,516
Cash paid for interest	3,096	3,385
Lease liability arising from obtaining right-of-use asset	3,031
Bank property transferred to other real estate owned	0	3,538
Change in unrealized loss on investment securities available-for-sale, net of tax	$ 6,297	$ (517)

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(1) Summary of Significant Accounting Policies Nature of Operations Affinity Bancshares, Inc. (the “Company”) is a savings and loan holding company headquartered in Covington, Georgia. The Company has one operating subsidiary, Affinity Bank (the “Bank”, and formerly named “Newton Federal Bank”), a federally chartered savings bank, conducting banking activities in Newton County, Georgia and surrounding counties and in Cobb and Fulton County, Georgia and surrounding counties, and originating dental practice loans and indirect automobile loans throughout the Southeastern United States. The Bank offers such customary banking services as consumer and commercial checking accounts, savings accounts, certificates of deposit, mortgage, commercial and consumer loans, including indirect automobile loans, money transfers and a variety of other banking services. The Company was incorporated in September 2020 to be the successor corporation to Community First Bancshares, Inc., a federal corporation, upon completion of the second-step mutual-to-stock conversion (the “Conversion”) of Community First Bancshares, MHC, the top tier mutual holding company of Community First Bancshares, Inc. Community First Bancshares, Inc. was the former mid-tier holding company for the Bank. Prior to completion of the Conversion, approximately 54 % of the shares of common stock of Community First Bancshares, Inc. were owned by Community First Bancshares, MHC. In conjunction with the Conversion, Community First Bancshares, Inc. was merged into Affinity Bancshares, Inc. (and ceased to exist) and Affinity Bancshares, Inc. became its successor holding company for Newton Federal Bank. On January 20, 2021, the Company completed the Conversion. References to the Company include Community First Bancshares, Inc. where indicated by the context. Basis of Presentation The accounting principles followed by the Company and the methods of applying these standards and principles conform with accounting principles generally accepted in the United States of America (“GAAP”) and with general practices within the banking industry. In preparing consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts in the consolidated financial statements. Actual results could differ significantly from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of real estate acquired in connection with or in lieu of foreclosure on loans, and valuation allowances associated with deferred tax assets, the recognition of which are based on future taxable income. Impaired loans and foreclosed real estate properties are carried at fair value less estimated selling costs, the determination of which requires significant assumptions, estimates and judgments. Fair values for foreclosed real estate properties and impaired loans collateralized by real estate are principally based on independent appraised values. Fair value is defined by GAAP as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. GAAP further defines an orderly transaction as a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets. An orderly transaction is not a forced transaction like a forced liquidation or distressed sale. Basic and diluted earnings per share for 2022 was $ 1.07 and $ 1.06 , respectively. The net earnings for this period was $ 7,134,000 and the weighted average common shares outstanding were 6,669,389 for basic and 6,761,771 for diluted. Basic and diluted earnings per share for the year ended December 31, 2021 was $ 1.10 and $ 1.09 , respectively. The net earnings for this period was $ 7,573,000 and the weighted average common shares outstanding were 6,911,576 for basic and 6,969,402 for diluted. Adopted Accounting Pronouncements The Company recently adopted the following Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB). In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). ASU 2016-02 provides certain targeted improvements to align lessor accounting with the lessee accounting model. It requires lessees to recognize the assets and liabilities on their balance sheet for the rights and obligations created by most leases and continue to recognize expenses on their income statements over the lease term. It will also require disclosures designed to give financial statement users information on the amount, timing and uncertainty of cash flows arising from leases. Adoption of the leasing standard resulted in the recognition of an operating right-of-use asset and operating lease liability of approximately $ 2.7 million as of January 1, 2022 . The prior year was not restated and continues to be presented under the previous accounting standards. Disclosures about the Company’s leasing activities are presented in Note 5: Leases. New Accounting Pronouncements Accounting Standards Update 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), is intended to provide financial statement users with more decision-useful information related to expected credit losses on financial instruments and other commitments to extend credit by replacing the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to determine credit loss estimates. ASU 2016-13 does not specify the method for measuring expected credit losses, and an entity is allowed to apply methods that reasonably reflect its expectations of the credit loss estimate. Additionally, the amendments of ASU 2016-13 require that credit losses on available-for-sale debt securities be presented as an allowance rather than as a write-down. The Company selected a third-party vendor to provide allowance for loan loss software as well as advisory services in developing a new methodology that would be compliant with ASU 2016-13. The Company adopted this ASU on January 1, 2023, and recorded a one time entry to retained earnings of $ 437,000 , net of tax, primarily related to credit losses for unfunded commitments. In March 2020, the FASB issued ASU No. 2020-04, Reference Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). This ASU provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. It provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The updated guidance was originally effective for all entities from March 12, 2020 through December 31, 2022. In December 2022, the FASB issued ASU 2022-06 which deferred the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The Company has been diligent in responding to reference rate reform and does not anticipate a significant impact to its financial statements as a result. Cash and Cash Equivalents Cash and cash equivalents include cash and due from banks and interest-earning deposits in other depository institutions. Investment Securities The Company classifies its investment securities in one of three categories: trading, available-for-sale, or held-to-maturity. Trading securities are bought and held principally for the purpose of selling them in the near term. Held-to-maturity securities are those securities for which the Company has the ability and intent to hold the security until maturity. All other securities not included in trading or held-to-maturity are classified as available-for-sale. Held-to-maturity securities are recorded at cost, adjusted for the amortization or accretion of premiums or discounts. Transfers of securities between categories are recorded at fair value at the date of transfer. Management evaluates investment securities for other-than-temporary impairment on an annual basis. A decline in the market value of any held-to-maturity investment below cost that is deemed other-than-temporary is charged to earnings for the decline in value deemed to be credit related. The decline in value attributed to non-credit related factors is recognized in other comprehensive income and a new cost basis in the security is established. Premiums and discounts are amortized or accreted over the life of the related security as an adjustment to the yield. Realized gains and losses for securities classified as held-to-maturity are included in earnings and are derived using the specific identification method for determining the cost of securities sold. Other Investments The Federal Home Loan Bank (“FHLB”) stock is an investment that does not have a readily determinable fair value and is carried at cost. The Company is required to hold the FHLB stock as a member of the FHLB and transfer of the stock is substantially restricted. The First National Bankers Bank (“FNBB”) stock is an investment that does not have a readily determinable fair value and is carried at cost. The Company acquired the stock when it borrowed funds at the holding company from FNBB. Loans, Loan Fees and Interest Income on Loans Loans are stated at the principal amount outstanding, net of the allowance for loan losses. Interest on loans is calculated by using the simple interest method on daily balances of the principal amount outstanding. Accrual of interest is discontinued on a loan when management believes, after considering economic and business conditions and collection efforts that the borrower’s financial condition is such that collection of interest is doubtful. When a loan is placed on nonaccrual status, previously accrued and uncollected interest is charged to interest income on loans. Generally, payments on nonaccrual loans are applied first to principal. Interest income is recorded after principal has been satisfied and as payments are received. Loan fees, net of certain origination costs, are deferred and amortized over the lives of the respective loans as an adjustment to the yield. A loan is impaired when, based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or at the loan’s observable market price, or at the fair value of the collateral of the loan if the loan is collateral dependent. Estimated impairment losses for collateral dependent loans are set up as specific reserves. Interest income on impaired loans is recognized using the cash-basis method of accounting during the time the loans are impaired. Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses charged to expense. Loans are charged against the allowance for loan losses when management believes that the collection of the principal is unlikely. The allowance represents an amount, which in management’s judgment, will be adequate to absorb probable losses on existing loans that may become uncollectible. Management considers the following when assessing risk in the Company's loan portfolio segments: Commercial (secured by real estate): Commercial real estate loans are dependent on the industries tied to these loans. Commercial real estate loans are primarily secured by office and industrial buildings, warehouses, small retail shopping facilities and various special purpose properties, including hotels and restaurants. Financial information is obtained from the borrowers and/or the individual project to evaluate cash flows sufficiency to service debt and is periodically updated during the life of the loan. Loan performance may be adversely affected by factors impacting the general economy or conditions specific to the real estate market such as geographic location and/or property type. Commercial and industrial: Commercial and industrial loans are primarily for working capital, physical asset expansion, asset acquisition loans and other. These loans are made based primarily on historical and projected cash flow of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not behave as forecasted and collateral securing loans may fluctuate in value due to economic or individual performance factors. Financial information is obtained from the borrowers to evaluate cash flows sufficiency to service debt and are periodically updated during the life of the loan. Construction, land and acquisition and development: Construction, land and acquisition and development loans are secured by vacant land and/or property that are in the process of improvement, including (a) land development preparatory to erecting vertical improvements or (b) the onsite construction of industrial, commercial, residential, or farm buildings. Repayment of these loans can be dependent on the sale of the property to third parties or the successful completion of the improvements by the builder for the end user. In the event a loan is made on property that is not yet improved for the planned development, there is the risk that necessary approvals will not be granted or will be delayed. Construction loans also run the risk that improvements will not be completed on time or in accordance with specifications and projected costs. Residential mortgage 1-4 family: Residential real estate loans are affected by the local residential real estate market, the local economy, and, for variable rate mortgages, movement in indices tied to these loans. At the time of origination, the Company evaluates the borrower's repayment ability through a review of debt to income and credit scores. Appraisals are obtained to support the loan amount. Financial information is obtained from the borrowers and/or the individual project to evaluate cash flows sufficiency to service debt at the time of origination. Consumer installment: Consumer and other loans may take the form of automobile loans, installment loans, demand loans, or single payment loans and are extended to individuals for household, family, and other personal expenditures. At the time of origination, the Company evaluates the borrower's repayment ability through a review of debt to income and credit scores. Management’s judgment in determining the adequacy of the allowance is based on evaluations of the probability of collection of loans. These evaluations take into consideration such factors as changes in the nature and volume of the loan portfolio, current economic conditions that may affect the borrower’s ability to pay, overall portfolio quality, and review of specific problem loans. Management uses an external independent loan reviewer to challenge and corroborate its loan grading and to provide additional analysis in determining the adequacy of the allowance for loan losses and necessary provisions to the allowance. Management believes the allowance for loan losses is adequate. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the allowance for loan losses, and as a result of these reviews the Bank may have to adjust or make additions to the allowance for loan losses as a part of management’s ongoing evaluation of its adequacy. Other Real Estate Owned Other real estate owned includes real estate acquired through foreclosure. Each other real estate property is initially recorded at its fair value less estimated costs to sell and is subsequently carried at fair value less estimated costs to sell. All foreclosed properties are actively marketed for sale. Fair value is principally based on independent appraisals performed by local credentialed appraisers. Any excess of the carrying value of the related loan over the fair value of the real estate at the date of foreclosure is charged against the allowance for loan losses. Properties in other real estate are re-evaluated annually. Any expense incurred in connection with holding such real estate or resulting from any write-downs in value subsequent to foreclosure is included in noninterest expense. When the other real estate property is sold, a gain or loss is recognized on the sale for the difference between the sales proceeds and the carrying amount of the property. Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in earnings for the period. The cost of maintenance and repairs that do not improve or extend the useful life of the respective asset is charged to earnings as incurred, whereas significant renewals and improvements are capitalized. The range of estimated useful lives for premises and equipment are as follows: Equipment and furniture 3 - 10 years Buildings 40 years Automobile 5 years Leases The lease liability is initially and subsequently recognized based on the present value of its future lease payments. Variable payments are included in the future lease payments when those variable payments depend on an index or a rate. Increases (decreases) to variable lease payments due to subsequent changes in an index or rate are recorded as variable lease expense (income) in the future period in which they are incurred . The discount rate used is the implicit rate in the lease contract, if it is readily determinable, or the Company’s incremental borrowing rate. The implicit rates of our leases are not readily determinable and accordingly, the Company uses the incremental borrowing rate based on the information available at the commencement date for all leases. The Company’s incremental borrowing rate for a lease is the rate of interest it would have to pay on a collateralized basis to borrow an The ROU asset for operating leases is subsequently measured throughout the lease term at the amount of the remeasured lease liability (i.e., present value of the remaining lease payments), plus unamortized initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received, and any impairment recognized. For operating leases with lease payments that fluctuate over the lease term, the total lease costs are recognized on a straight-line basis over the lease term. For all underlying classes of assets, the Company has elected to not recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less at lease commencement and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. Leases containing termination clauses in which either party may terminate the lease without cause and the notice period is less than 12 months are deemed short-term leases with lease costs included in short-term lease expense. The Company recognizes short-term lease cost on a straight-line basis over the lease term. Bank Owned Life Insurance The Bank has purchased life insurance policies on certain key executives and members of management. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other changes or other amounts due that are probable at settlement. Intangible Assets Intangible assets attributable to the value of core deposits are stated at cost less accumulated amortization. Intangible assets are amortized on a straight-line basis over the estimated lives of the assets. The excess of purchase price over fair value of net assets acquired (goodwill) is not amortized. Income Taxes The Company uses the liability method of accounting for income taxes, which requires the recognition of deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Additionally, this method requires the recognition of future tax benefits, such as net operating loss carryforwards, to the extent that realization of such benefits is more likely than not. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the assets and liabilities are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period that includes the enactment date. In the event the future tax consequences of differences between the financial reporting bases and the tax bases of the Company’s assets and liabilities results in deferred tax assets, an evaluation of the probability of being able to realize the future benefits indicated by such asset is required. A valuation allowance is provided for the portion of the deferred tax asset when it is more likely than not that some portion or all of the deferred tax asset will not be realized. In assessing the realization of the deferred tax assets, management considers the scheduled reversals of deferred tax liabilities, projected future taxable income, and tax planning strategies. The Company currently evaluates income tax positions judged to be uncertain. A loss contingency reserve is accrued if it is probable that the tax position will be challenged, it is probable that the future resolution of the challenge will confirm that a loss has been incurred, and the amount of such loss can be reasonably estimated. Stock Compensation Plans Stock compensation awards are measured at the grant date based on the fair value of the awards and are recognized as compensation expense over the service period, which is also the vesting period. Other Comprehensive Income comprehensive income is shown on the consolidated statements of comprehensive income. Accumulated other comprehensive loss consists of unrealized loss on securities available-for-sale, net of tax, and is shown on the consolidated statements of changes in stockholders’ equity. Revenue Recognition The core revenue recognition principle requires the Company to recognize revenue to depict the transfer of services or products to customers in an amount that reflects the consideration to which the Company expects to be entitled to receive in exchange for those services or products recognized as performance obligations are satisfied. The guidance includes a five-step model to apply to revenue recognition, consisting of the following: (1) identify the contract with a customer; (2) identify the performance obligation(s) within the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligation(s) within the contract; and (5) recognize revenue when (or as) the performance obligation(s) are/is satisfied. Service charges on deposit accounts: The deposit contract obligates the Company to serve as a custodian of the customer’s deposited funds and is generally terminable at will by either party. The contract permits the customer to access the funds on deposit and request additional services for which the Company earns a fee, including NSF and analysis charges, related to the deposit account. Income for deposit accounts is recognized over the statement cycle period (typically on a monthly basis) or at the time the service is provided, if additional services are requested. ATM fee income: A contract between the Company, as a card-issuing bank, and its customers whereby the Company receives a transaction fee from the merchant’s bank whenever a customer uses a debit or credit card to make a purchase. These fees are earned as the service is provided (i.e., when the customer uses a debit or ATM card). Other noninterest income: Other noninterest income includes several items, such as wire transfer income, check cashing fees, the increase in cash surrender value of life insurance and safe deposit box rental fees. This income is generally recognized at the time the service is provided and/or the income is earned. Reclassification Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on stockholders’ equity or net income.

Investment Securities

Investment Securities	12 Months Ended
Investment Securities	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investment Securities	(2) Investment Securities Investment securities available-for-sale at December 31, 2022 and 2021 are as follows: (in thousands) Amortized Gross Gross Estimated December 31, 2022 Cost Gains Losses Fair Value U.S. Treasury securities $ 6,084 $ — $ ( 776 ) $ 5,308 Municipal securities - tax exempt 533 — ( 96 ) 437 Municipal securities - taxable 2,529 — ( 485 ) 2,044 U. S. Government sponsored enterprises 11,837 — ( 3,499 ) 8,338 Government agency mortgage-backed securities 20,555 — ( 3,053 ) 17,502 Corporate securities 13,571 5 ( 1,005 ) 12,571 Total $ 55,109 $ 5 $ ( 8,914 ) $ 46,200 December 31, 2021 U.S. Treasury securities $ 5,068 $ 5 $ ( 23 ) $ 5,050 Municipal securities - tax exempt 540 — ( 4 ) 536 Municipal securities - taxable 796 — ( 6 ) 790 U. S. Government sponsored enterprises 11,837 — ( 295 ) 11,542 Government agency mortgage-backed securities 21,371 200 ( 232 ) 21,339 Corporate securities 9,425 20 ( 145 ) 9,300 Total $ 49,037 $ 225 $ ( 705 ) $ 48,557 Investment securities held -to-maturity at December 31, 2022 are as follows: (in thousands) Amortized Gross Gross Estimated December 31, 2022 Cost Gains Losses Fair Value U.S. Treasury securities $ 998 $ — $ — $ 998 Government agency mortgage-backed securities 837 — ( 13 ) 824 Corporate securities 24,692 4 ( 267 ) 24,429 Total $ 26,527 $ 4 $ ( 280 ) $ 26,251 There were no held-to-maturity securities at December 31, 2021. There were 31 securities in an unrealized loss position totaling $ 808,000 as of December 31, 2022 for less than 12 months. There were 36 securities in an unrealized loss position totaling $ 8.1 million greater than 12 months as of December 31, 2022 . The unrealized losses on the debt securities arose due to changing interest rates and market conditions and are considered to be temporary because of acceptable investment grades and are reviewed regularly. Five of the securities are U.S. Treasury bonds that are direct obligations of the U.S. Government. Four of the securities are U.S. agency bonds that have the implied backing of the U.S. government. Thirty-seven securities are mortgage-backed securities of U.S. Government sponsored agencies that have the implied backing of the U.S. Government and two securities are mortgage-backed securities of a U.S. government agency. Four securities are municipal securities for which a credit analysis is performed annually and no credit problems have been identified. Fifteen are trust preferred securities or subordinated debentures of banks where the Bank performs a credit review quarterly and such reviews have raised no concerns. The Company does not intend to sell the investments and it is not likely that the Company will be required to sell the investments before recovery of their amortized cost basis which may be at maturity. There were nine held-to-maturity securities in an unrealized loss position totaling $ 280,000 as of December 31, 2022 for less than 12 months. There were no held-to-maturity securities in an unrealized loss position greater than 12 months as of December 31, 2022. The unrealized losses on the debt securities arose due to changing interest rates and market conditions and are considered to be temporary because of acceptable investment grades and are reviewed regularly. One security is a mortgage-backed security of a U.S. Government sponsored agency that has the implied backing of the U.S. Government. Eight are subordinated debentures of banks where the Bank performs a credit review quarterly and such reviews have raised no concerns. The Company intends to hold these securities to maturity at which time recovery of their amortized cost basis is expected to be received. The amortized cost and estimated fair value of investment securities available-for-sale and held to maturity at December 31, 2022, by contractual maturity, are shown below. Maturities of mortgage-backed securities will differ from contractual maturities because borrowers may have the right to call or prepay certain obligations with or without call or prepayment penalties. (in thousands): Available-for-Sale Held-to-Maturity Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value Within 1 year $ 977 $ 977 $ — $ — Greater than 1 to 5 years 3,055 3,027 14,899 14,739 Greater than 5 to 10 years 18,424 16,096 10,791 10,688 Greater than 10 years 12,098 8,598 — — 34,554 28,698 25,690 25,427 Government agency mortgage-backed securities 20,555 17,502 837 824 Total $ 55,109 $ 46,200 $ 26,527 $ 26,251 There were no sales of investment securities available-for-sale in 2022 or 2021. Available-for-sale securities with a carrying value of approximately $ 4.7 million and $ 2.8 million were pledged to secure public deposits at December 31, 2022 and 2021 , respectively.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	12 Months Ended
Loans and Allowance for Loan Losses	Dec. 31, 2022
Receivables [Abstract]
Loans and Allowance for Loan Losses	(3) Loans and Allowance for Loan Losses Major classifications of loans, by collateral code, at December 31, 2022 and 2021 are summarized as follows: (in thousands) December 31, 2022 December 31, 2021 Commercial (secured by real estate - owner occupied) $ 162,989 $ 158,662 Commercial (secured by real estate - non-owner occupied) 135,720 104,042 Commercial and industrial () 147,775 170,718 Construction, land and acquisition & development 37,158 16,317 Residential mortgage 1-4 family 51,324 63,065 Consumer installment 111,268 71,580 Total 646,234 584,384 Less allowance for loan losses ( 9,325 ) ( 8,559 ) Total loans, net $ 636,909 $ 575,825 Includes $ 5,000 and $ 17.9 million in PPP loans as of December 31, 2022 and 2021 The Bank grants loans and extensions of credit to individuals and a variety of firms and corporations located primarily in the Atlanta, Georgia Metropolitan Statistical Area. A substantial portion of the loan portfolio is collateralized by improved and unimproved real estate and is dependent upon the real estate market. The Bank has a specialized expertise in lending to dentists and dental practices, with dental practice loans totaling $ 185.1 million, or 28.6 %, and $ 179.8 million, or 30.6 % of our loan portfolio, as of December 31, 2022 and 2021, respectively. The majority of these loans are commercial and industrial credits for practice acquisitions and equipment financing with the remainder being owner-occupied real estate. The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2022 and 2021: (in thousands) December 31, 2022 Commercial Commercial Commercial Construction, Residential Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 2,701 $ 1,980 $ 2,242 $ 162 $ 502 $ 969 $ 3 $ 8,559 Provision ( 421 ) 99 55 325 ( 196 ) 801 41 704 Charge-offs — — ( 26 ) — — ( 123 ) — ( 149 ) Recoveries 123 — 21 — 39 28 — 211 Ending balance $ 2,403 $ 2,079 $ 2,292 $ 487 $ 345 $ 1,675 $ 44 $ 9,325 Ending allowance attributable to Individually evaluated $ 85 $ 1 $ — $ — $ 4 $ — $ — $ 90 Collectively evaluated 2,318 2,078 2,292 487 341 1,675 44 9,235 Total ending allowance $ 2,403 $ 2,079 2,292 $ 487 $ 345 $ 1,675 $ 44 $ 9,325 Loans: Individually evaluated $ 85 $ 3,265 $ — $ — $ 2,399 $ — $ — $ 5,749 Collectively evaluated 162,904 132,455 147,775 37,158 48,925 111,268 — 640,485 Total loans $ 162,989 $ 135,720 $ 147,775 $ 37,158 $ 51,324 $ 111,268 $ — $ 646,234 December 31, 2021 Allowance for loan losses: Beginning balance $ 1,913 $ 1,171 $ 1,320 $ 224 $ 970 $ 719 $ 44 $ 6,361 Provision ( 519 ) 809 1,119 ( 62 ) ( 541 ) 310 ( 41 ) 1,075 Charge-offs — — ( 234 ) — — ( 76 ) — ( 310 ) Recoveries 1,307 — 37 — 73 16 — 1,433 Ending balance $ 2,701 $ 1,980 $ 2,242 $ 162 $ 502 $ 969 $ 3 $ 8,559 Ending allowance attributable to Individually evaluated $ — $ 1 $ 1 $ — $ 5 $ — $ — $ 7 Collectively evaluated 2,701 1,979 2,241 162 497 969 3 8,552 Total ending allowance $ 2,701 $ 1,980 $ 2,242 $ 162 $ 502 $ 969 $ 3 $ 8,559 Loans: Individually evaluated $ 95 $ 3,387 $ 753 $ — $ 2,992 $ 1 $ — $ 7,228 Collectively evaluated 158,567 100,655 169,965 16,317 60,073 71,579 — 577,156 Total loans $ 158,662 $ 104,042 $ 170,718 $ 16,317 $ 63,065 $ 71,580 $ — $ 584,384 The Bank individually evaluates all loans for impairment that are on nonaccrual status or are rated substandard (as described below). Additionally, all troubled debt restructurings are evaluated for impairment. A loan is considered impaired when, based on current events and circumstances, it is probable that all amounts due according to the contractual terms of the loan will not be collected. Impaired loans are measured based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, at the loan’s observable market price, or the fair value of the collateral if the loan is collateral dependent. Interest payments received on impaired loans are applied as a reduction of the outstanding principal balance. Impaired loans at December 31, 2022 and 2021 were as follows: (in thousands) December 31, 2022 Recorded Unpaid Allocated Average Interest With no related allowance recorded: Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — Commercial (secured by real estate - non-owner occupied) 3,089 3,089 — 3,145 — Commercial and industrial — — — — — Construction, land and acquisition & development — — — — — Residential mortgage 1,526 1,526 — 1,596 5 Consumer installment — — — — — 4,615 4,615 — 4,741 5 With an allowance recorded: Commercial (secured by real estate - owner occupied) 85 85 85 90 4 Commercial (secured by real estate - non-owner occupied) 176 176 1 182 8 Commercial and industrial — — — — — Construction, land and acquisition & development — — — — — Residential mortgage 873 873 4 907 22 Consumer installment — — — — — 1,134 1,134 90 1,179 34 Total impaired loans $ 5,749 $ 5,749 $ 90 $ 5,920 $ 39 December 31, 2021 With no related allowance recorded: Commercial (secured by real estate - owner occupied) $ 95 $ 95 $ — $ 100 $ 6 Commercial (secured by real estate - non-owner occupied) 3,199 3,199 — 3,177 45 Commercial and industrial 388 421 — 458 — Construction, land and acquisition & development — — — — — Residential mortgage 2,052 2,052 — 2,110 31 Consumer installment 1 1 — 3 — 5,735 5,768 — 5,848 82 With an allowance recorded: Commercial (secured by real estate - owner occupied) — — — — — Commercial (secured by real estate - non-owner occupied) 188 189 1 192 12 Commercial and industrial 365 365 1 379 — Construction, land and acquisition & development — — — — — Residential mortgage 940 941 5 960 60 Consumer installment — — — — — 1,493 1,495 7 1,531 72 Total impaired loans $ 7,228 $ 7,263 $ 7 $ 7,379 $ 154 The following table presents the aging of the recorded investment in past due loans, as well as the recorded investment in nonaccrual loans, as of December 31, 2022 and 2021 by class of loans: (in thousands) December 31, 2022 30 -59 60- 89 90 Days Total Accruing Loans Nonaccrual Current Total Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ 85 $ 162,904 $ 162,989 Commercial (secured by real estate - non-owner occupied) — — — — 3,312 132,408 135,720 Commercial and industrial — — — — 3 147,772 147,775 Construction, land and acquisition & 85 — — 85 — 37,073 37,158 Residential mortgage 2,341 533 249 3,123 3,185 45,016 51,324 Consumer installment 571 59 — 630 135 110,503 111,268 Total $ 2,997 $ 592 $ 249 $ 3,838 $ 6,720 $ 635,676 $ 646,234 December 31, 2021 Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ 158,662 $ 158,662 Commercial (secured by real estate - non-owner occupied) — — — — 3,200 100,842 104,042 Commercial and industrial 338 — — 338 813 169,567 170,718 Construction, land and acquisition & — — — — — 16,317 16,317 Residential mortgage 3,547 1,148 — 4,695 2,873 55,497 63,065 Consumer installment 271 25 — 296 125 71,159 71,580 Total $ 4,156 $ 1,173 $ $ 5,329 $ 7,011 $ 572,044 $ 584,384 There was one residential mortgage loan with a balance of $ 249,000 that was past due over 90 days and still accruing interest as of December 31, 2022 . This loan subsequently paid off in January 2023. There were no loans past due over 90 days and still accruing interest as of December 31, 2021. The table below presents information on troubled debt restructurings including the number of loan contracts restructured and the pre- and post-modification recorded investment that have occurred during the years ended December 31, 2022 and 2021. Also included in the table are the number of contracts and the recorded investment for those trouble debt restructurings that have subsequently defaulted during the years ended December 31, 2022 and 2021: (in thousands) Pre- Post- Troubled Debt December 31, 2022 Number of Recorded Recorded Number of Recorded Residential mortgage — $ — $ — $ — $ — December 31, 2021 Residential mortgage 1 $ 71 $ 71 $ — $ — The Bank allocated an allowance for loan losses of approximately $ 90,000 and $ 6,000 to customers whose loan terms had been modified in troubled debt restructurings as of December 31, 2022 and 2021. The Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Bank analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a continuous basis. The Bank uses the following definitions for its risk ratings: Special Mention. Loans have potential weaknesses that may, if not corrected, weaken or inadequately protect the Bank's credit position at some future date. Weaknesses are generally the result of deviation from prudent lending practices, such as over advances on collateral. Credits in this category should, within a 12 month period, move to Pass if improved or drop to Substandard if poor trends continue. Substandard. Inadequately protected by the current net worth and paying capacity of the obligor or by the collateral pledged, if any. Loans have a well-defined weakness or weaknesses such as primary source of repayment is gone or severely impaired or cash flow is insufficient to reduce debt. There is a distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful. Loans have weaknesses of those classified Substandard, with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable. The likelihood of a loss on an asset or portion of an asset classified Doubtful is high. Loss. Loans considered uncollectible and of such little value that the continuance as a Bank asset is not warranted. This does not mean that the loan has no recovery or salvage value, but rather the asset should be charged off even though partial recovery may be possible in the future. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass rated loans. As of December 31, 2022 and 2021, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: (in thousands) December 31, 2022 Pass Special Substandard Doubtful/ Total Commercial (secured by real estate - owner occupied) $ 162,541 $ 362 $ 86 $ — $ 162,989 Commercial (secured by real estate - non-owner occupied) 130,115 2,293 3,312 — 135,720 Commercial and industrial 147,772 — 3 — 147,775 Construction, land and acquisition & development 37,158 — — — 37,158 Residential mortgage 48,193 — 3,131 — 51,324 Consumer installment 111,049 84 135 — 111,268 Total $ 636,828 $ 2,739 $ 6,667 $ — $ 646,234 December 31, 2021 Pass Special Substandard Doubtful/ Total Commercial (secured by real estate - owner occupied) $ 158,272 $ 390 $ — $ — $ 158,662 Commercial (secured by real estate - non-owner occupied) 98,269 2,352 3,421 — 104,042 Commercial and industrial 169,866 — 852 — 170,718 Construction, land and acquisition & development 16,005 312 — — 16,317 Residential mortgage 59,080 — 3,985 — 63,065 Consumer installment 71,440 — 140 — 71,580 Total $ 572,932 $ 3,054 $ 8,398 $ — $ 584,384

Premises and Equipment

Premises and Equipment	12 Months Ended
Premises and Equipment	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Premises and Equipment	(4) Premises and Equipment Premises and equipment at year ended December 31, 2022 and 2021 are summarized as follows: (in thousands) December December 31, 2022 31, 2021 Land $ 373 $ 373 Buildings 4,336 4,280 Leasehold improvements 912 535 Equipment and furniture 3,663 2,755 Construction in process 286 291 Automobile 66 66 9,636 8,300 Less: Accumulated depreciation 5,379 4,517 $ 4,257 $ 3,783 Depreciation expense was approximately $ 905,000 and $ 950,000 for the years ended December 31, 2022 and 2021, respectively.

Intangible Assets

Intangible Assets	12 Months Ended
Intangible Assets	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	(5) Intangible Assets The core deposit premium intangible asset had a gross carrying amount of $ 1.9 million and accumulated amortization of $ 574,000 at December 31, 2022. The core deposit premium intangible asset had a gross carrying amount of $ 1.9 million and accumulated amortization of $ 383,000 at December 31, 2021. Aggregate amortization expense for the years ended was $ 191,000 during 2022 and 2021. The following table shows the estimated future amortization of the core deposit premium intangible asset for the next five years (in thousands). The projections of amortization expense are based on existing asset balances as of December 31, 2022. Years ending December 31 , 2023 $ 191 2024 191 2025 191 2026 191 2027 191 Thereafter 384 Total $ 1,339 17.2 million at December 31, 2022 and 2021. The Company tested for impairment during the year and determined there was no impairment of goodwill during 2022 and 2021. No impairment loss was recognized during 2022 and 2021.

Leases

Leases	12 Months Ended
Leases	Dec. 31, 2022
Leases [Abstract]
Leases	(6) Leases Substantially all of the leases in which the Company is the lessee are comprised of real estate for branches and office space with terms extending through 2027 . All of our leases are classified as operating leases, and therefore, were previously not recognized on the Company’s consolidated balance sheet. With the adoption of Topic 842, operating lease arrangements are required to be recognized on the consolidated balance sheet as a right-of-use (“ROU”) asset and a corresponding lease liability. The following table represents the consolidated balance sheet classification of the Company’s ROU assets and liabilities. Classification December 31, 2022 Assets Operating lease right-of-use assets Other assets $ 2,216 Liabilities Operating lease liabilities Other liabilities 2,697 The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet. The calculated amount of the ROU assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the ROU asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception, on a collateralized basis, over a similar term. For operating leases existing prior to January 1, 2022, the rate for the remaining lease term as of January 1, 2022 was used. For the year ended December 31, 2022 , operating lease cost was $ 531,000 . As of December 31, 2022 , the weighted average remaining lease term was 4.54 years and the weighted average discount rate was 1.88 %. The following table represents the future maturities of the Company’s operating lease liabilities and other lease information. (dollars in thousands) Years ending December 31, Lease Liability 2023 $ 586 2024 610 2025 627 2026 645 2027 351 Total lease payments 2,819 Less: interest 122 Present value of lease liabilities $ 2,697 Supplemental Lease Information: December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities: (dollars in thousands) Operating cash flows from operating leases (cash payments) $ 427 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 285 The Company’s leasing information for the year ended December 31, 2021, is presented under FASB ASC 840, Leases. Total rent expense for leased property approximated $ 663,000 for the year ended December 31, 2021.

Deposits

Deposits	12 Months Ended
Deposits	Dec. 31, 2022
Deposits [Abstract]
Deposits	(7) Deposits At December 31, 2022, contractual maturities of certificate of deposits are summarized as follows: (in thousands). Years ending December 31 , 2023 $ 43,763 2024 19,239 2025 47,363 2026 4,912 2027 5,987 Thereafter 4,725 Total $ 125,989 The aggregate amounts of certificates of deposit of $250,000 or more, the standard FDIC deposit insurance coverage limit per depositor, were approximately $ 26.4 million and $ 22.6 million at December 31, 2022 and 2021 , respectively. Due to the FDIC insurance coverage rules and limits for a depositor's specific group of deposit accounts, it is important to note not all deposits in excess of $ 250,000 are uninsured. Brokered CDs total $ 34.9 million at December 31, 2022 and had a weighted average rate of 4.50 % and a weighted average maturity of 34 months. There were no brokered CDs at December 31, 2021.

Borrowings

Borrowings	12 Months Ended
Borrowings	Dec. 31, 2022
Debt Disclosure [Abstract]
Borrowings	(8) Borrowings At December 31, 2022 and 2021 , the Bank had a line of credit totaling $ 81.8 million and $ 44.7 million, respectively, from the FHLB, which is reviewed annually by the FHLB. The following advance was outstanding at December 31, 2022 : $ 10.0 million fixed rate advance, borrowed December 30, 2022, maturing January 30, 2023 at a rate of 4.23 %. At December 31, 2021 there were six advances outstanding: $ 8.0 million convertible rate advance with a call feature on May 23, 2022 , borrowed May 23, 2019 , maturing May 23, 2029 at a rate of 2.40 %; $ 5.0 million convertible rate advance with a call feature on November 29, 2022 , borrowed November 29, 2019 , maturing October 25, 2029 at a rate of 2.66 %; $ 5.0 million convertible rate advance with a call feature on March 17, 2022 , borrowed December 16, 2019 , maturing December 17, 2029 at a rate of 2.37 %; $ 10.0 million fixed rate advance, borrowed January 21, 2021 , maturing January 21, 2026 at a rate of 0.68 %; $ 10.0 million fixed rate advance, borrowed March 8, 2021 , maturing March 8, 2024 at a rate of 0.54 %; and $ 10.0 million fixed rate advance, borrowed May 2, 2021 , maturing May 2, 2025 at a rate of 0.76 %. These advances had a fair value adjustment of $ 1.0 million. All of these advances were repaid in January 2022 , and we were able to accrete to income the remaining $ 1.0 million fair value adjustment associated with these acquired advances. The Bank also paid $ 647,000 in prepayment penalties on these borrowings. At December 31, 2022 and 2021 , the FHLB advances were collateralized by certain loans which totaled approximately $ 384.4 million and $ 343.6 million at December 31, 2022 and 2021 , respectively, and by the Company’s investment in FHLB stock which totaled approximately $ 832,000 and $ 2.2 million at December 31, 2022 and 2021, respectively. The Company had one FHLB letter of credit of $ 12.5 million and $ 8.0 million, used to collateralize public deposits, outstanding at December 31, 2022 and 2021, respectively. At December 31, 2022 and 2021 the Bank had unsecured federal funds lines of credit of $ 32.5 million, for which $ 25,000 was outstanding. The Bank also has a line of $ 75.0 million and $ 62.0 million with the Federal Reserve Bank of Atlanta Discount Window secured by $ 111.6 million and $ 115.2 million in loans as of December 31, 2022 and 2021 , respectively. No amount was outstanding on the Discount Window as of December 31, 2022 or 2021 .

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	(9) Income Taxes The components of income tax expense for the years ended December 31, 2022 and 2021 are as follows: (in thousands) Year Ended Year Ended December 31, 2022 December 31, 2021 Current $ 1,913 $ 2,565 Deferred expense (benefit) 280 ( 227 ) $ 2,193 $ 2,338 The difference between income tax expense and the amount computed by applying the statutory federal income tax rate to income before taxes for the years ended December 31, 2022 and 2021 is as follows (in thousands): Year Ended Year Ended December 31, 2022 December 31, 2021 Statutory Federal tax rate 21 % 21 % Pretax income at statutory rate $ 1,959 $ 2,082 State income tax, net of federal benefit 257 265 Cash surrender value of life insurance ( 73 ) ( 117 ) Permanent adjustments 13 41 Other 37 67 Actual tax expense 23.6 % and 24.0 %, respectively $ 2,193 $ 2,338 The following summarizes the sources and expected tax consequences of future deductions or income for income tax purposes which comprised the net deferred taxes at December 31, 2022 and 2021: (in thousands) Year Ended Year Ended December 31, 2022 December 31, 2021 Deferred income tax assets: Allowance for loan losses $ 2,382 $ 2,195 Deferred compensation 682 775 Net operating losses 1,686 1,849 Unrealized loss on investment securities available-for-sale 2,254 122 Fair value adjustments 180 522 Right-of -use liability 689 — Other 205 182 Total deferred income tax assets 8,078 5,645 Deferred income tax liabilities: Core deposit intangible 342 391 Premises and equipment 492 498 Right-of -use asset 649 — Other 110 123 Total deferred income tax liabilities 1,593 1,012 Net deferred income tax asset $ 6,485 $ 4,633 The Company establishes a valuation allowance if, based on the weight of the available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. As of December 31, 2022 and 2021, the Company believes that it will have sufficient earnings to realize its deferred tax asset and has not provided an allowance. The Company is subject to federal income tax and income tax of state taxing authorities. The Company's federal and state income tax returns for the years ended December 31, 2021, 2020 and 2019 are open to audit under the statutes of limitations. Prior to January 1, 1996, the Bank was permitted under the Internal Revenue Code (the “Code”) a special bad debt deduction related to additions to tax bad debt reserves established for the purpose of absorbing losses. The provisions of the Code permitted the Bank to deduct from taxable income an allowance for bad debts based on the greater of a percentage of taxable income before such deduction or actual loss experience. Retained earnings at December 31, 2022 includes approximately $ 3.6 million for which no deferred Federal income tax liability has been recognized. The amounts represent an allocation of income for bad debt deductions for tax purposes only. Reduction of amounts so allocated for purposes other than tax bad debt losses would create income for tax purposes only, which would be subject to the then current corporate income tax rate. In 1996, legislation was passed which eliminated the percentage of taxable income bad debt deduction for thrift institutions for tax years beginning after December 31, 1995. This legislation also requires a thrift to generally recapture the excess of its current tax reserves over its 1987 base year reserves whereas the base year reserves are frozen from taxation. No additional financial statement tax expense resulted from this legislation as the Bank had previously provided deferred taxes on this recaptured amount.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
Employee Stock Ownership Plan	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Employee Stock Ownership Plan	(10) Employee Stock Ownership Plan The Company sponsors an employee stock ownership plan (“ESOP”) that covers all employees who meet certain service requirements. The Company makes annual contributions to the ESOP in amounts as defined by the plan document. These contributions are used to pay debt service and purchase additional shares. Certain ESOP shares are pledged as collateral for debt. As the debt is repaid, shares are released from collateral and allocated to active employees, based on the proportion of debt service paid in the year. In 2017, the ESOP borrowed $ 3.0 million payable to the Company for the purpose of purchasing shares of the Company’s common stock. A total of 295,499 shares were purchased with the loan proceeds as part of the Company’s initial stock offering. In January 2021, the ESOP borrowed $ 3.0 million payable to the Company for the purpose of purchasing additional shares of the Company’s common stock. A total of 225,721 shares were purchased with the loan proceeds as part of the Company’s stock offering. The balance of the note payable of the ESOP was $ 5.3 million and $ 5.4 million at December 31, 2022 and 2021, respectively. Because the source of the loan payments are contributions received by the ESOP from the Company, the related notes receivable is shown as a reduction of stockholders’ equity. As of December 31, 2022 and 2021 , 80,000 shares and 59,000 shares have been released, respectively.

Benefit Plans

Benefit Plans	12 Months Ended
Benefit Plans	Dec. 31, 2022
Retirement Benefits [Abstract]
Benefit Plans	(11) Benefit Plans The Company has a profit sharing plan to provide retirement benefits for all employees. Contributions have been paid in the past to a trust fund annually by the Company in an amount determined by the Board of Directors. No contributions were made to the plan for the plan years ended December 31, 2022 and 2021 as the Board of Directors adopted an incentive program and paid cash bonuses rather than having contributions made to the profit sharing plan. In 2014, the Company added a 401(k) feature to the profit sharing plan that covers substantially all employees. Under the terms of the feature, the Company may make matching contributions to the plan and the employees can contribute up to the maximum amounts allowed by IRS guidelines. The contribution expense related to the 401(k) feature totaled $ 183,000 and $ 161,000 for the plan years ended December 31, 2022 and 2021, respectively. The Company sponsors a deferred compensation plan for directors. Under this plan, participating directors may defer their Board fees and receive the deferred amounts plus interest upon completion of their time as a director or at their election. The cumulative deferred contributions for the directors in the plan and earnings thereon at December 31, 2022 and 2021 totaled approximately $ 2.0 million and $ 2.4 million, respectively. These amounts are included in other liabilities in the accompanying consolidated balance sheets. No contributions have been made to the plan since 2015 as the plan was frozen as of June 30, 2015. The Company has a supplemental executive retirement plan (SERP) for one of its executives. This normal retirement benefit consists of a monthly benefit payment equal to the amount that is paid from the annuity contract designated under the SERP. The normal retirement benefit will commence on the first day of the second month following the date of the executive’s separation from service, payable monthly and continuing for the executive’s lifetime. The monthly benefit equals $ 8,333 . If the executive dies after benefit payments have commenced but before receiving a total of 180 monthly payments, the Company shall pay to the executive’s beneficiary the greater of (i) the account balance or (ii) the present value of the remaining payments to satisfy a total of 180 monthly payments. Such death benefit shall be payable in a lump sum no later than 60 days from the date of death. If the executive dies after receiving 180 or more benefit payments, the SERP will terminate and no additional payments will be made. The accrued liability for the plan at December 31, 2022 and 2021 was approximately $ 480,000 and $ 459,000 , respectively and is recorded in other liabilities. The related expense for the plan was approximately $ 21,000 and $ 20,000 in 2022 and 2021, respectively. The earnings from the increase in the value of the annuity for the years ending December 31, 2022 and 2021 was approximately $ 0 and $ 4,000 , respectively, net of related expenses. The carrying value of the annuity was approximately $ 956,000 for the years ended December 31, 2022 and 2021 and is recorded in other assets.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	12 Months Ended
Stock-Based Compensation Plans	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Additional General Disclosures [Abstract]
Stock-Based Compensation Plans	(12) Stock-Based Compensation Plans The Company may grant stock options and restricted stock under its stock-based compensation plans to certain officers, employees and directors. These plans are administered by a committee of the Board of Directors. In 2018, with subsequent shareholder approval, the 2018 Equity Incentive Plan was approved up to 133,987 share of common stock and up to 334,970 stock options. Amounts related to periods prior to the date of the Conversion (January 20, 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion ( 0.90686 -to-one). In May 2022, shareholders approved the Company's 2022 Equity Incentive Plan, which authorizes the issuance of up to 148,060 shares of common stock pursuant to restricted stock grants and up to 370,150 shares of common stock pursuant to the exercise of options. A Black-Scholes model is utilized to estimate the fair value of stock option grants, while the market price of the Company’s stock at the date of grant is used to estimate the fair value of restricted stock awards. The weighted average assumptions used in the Black-Scholes model for valuing stock option grants during 2022 were as follows: dividend yield of 0 %, expected volatility of 32.12 %, risk-free interest rate of 2.84 %, expected average life of 7.32 , and weighted average per share fair value of options of $ 6.04 . The weighted average assumptions used during 2021 were as follows: dividend yield of 0 %, expected volatility of 36.62 %, risk-free interest rate of 1.04 %, expected average life of 7.50 , and weighted average per share fair value of options of $ 5.34 . Stock options of 221,500 shares with a weighted average exercise price of $ 14.86 were granted during the year ended December 31, 2022 . Restricted stock of 114,000 shares at a weighted average grant date fair value of $ 14.85 were also granted during the year ended December 31, 2022. A summary of the Company's stock option activity is summarized below. Stock Options Option Shares Outstanding Weighted Average Exercise Price Weighted Average Remaining Life (Years) Aggregate Intrinsic Value (in thousands) Outstanding - December 31, 2020 321,516 $ 9.77 8.60 $ 203 Granted 13,454 13.09 Exercise of stock options — — Forfeited — — Outstanding - December 31, 2021 334,970 $ 9.90 7.80 $ 676 Exercisable - December 31, 2021 102,489 $ 10.28 7.57 $ 274 Granted 221,500 $ 14.86 Exercise of stock options * ( 20,097 ) 11.14 Forfeited ( 51,854 ) 11.64 Outstanding - December 31, 2022 484,519 $ 12.28 8.45 $ 1,522 Exercisable - December 31, 2022 149,372 $ 10.00 6.70 $ 741 * The terms of the stock option agreements permit having a number of shares of stock withheld, the fair market value of which as of the date of exercise is sufficient to satisfy the exercise price and/or tax withholding requirements. All 2022 exercises of stock options were exercised in this manner. Intrinsic value represents the amount by which the fair market value of the underlying stock exceeds the exercise price of the stock options. A summary of the Company's restricted stock activity is summarized below. Restricted Stock Weighted Average Grant Date Fair Value Restricted Shares Outstanding Outstanding - December 31, 2020 $ 8.63 120,123 Vested — ( 26,787 ) Outstanding - December 31, 2021 $ 8.63 93,336 Granted $ 14.85 114,000 Vested* 8.90 ( 26,787 ) Forfeited 11.14 ( 11,045 ) Outstanding - December 31, 2022 $ 11.97 169,504 * The terms of the restricted stock agreements permit the surrender of shares of the Company upon vesting in order to satisfy applicable tax withholding requirements at the minimum statutory withholding rate, and accordingly, 3,070 shares were surrendered during the year ended December 31, 2022 . The Company recognized approximately $ 742,000 and $ 410,000 of stock-based compensation expense (included in salary and employee benefits on the consolidated statements of income) during 2022 and 2021 , respectively, associated with its common stock awards granted to directors and officers. This expense is net of approximately $ 48,000 and $ 34,000 during the years ended December 31, 2022 and 2021 for shares surrendered to satisfy applicable tax withholding requirements. As of December 31, 2022 , there was approximately $ 3.3 million of unrecognized compensation cost related to equity award grants. The cost is expected to be recognized over the remaining vesting period of approximately 2.93 years.

Regulatory Matters

Regulatory Matters	12 Months Ended
Regulatory Matters	Dec. 31, 2022
Regulatory Matters [Abstract]
Regulatory Matters	(13) Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of Common Equity Tier 1, Total and Tier I Capital to Risk-Weighted Assets and of Tier I Capital to Average Assets. Management believes, as of December 31, 2022 and 2021, that the Bank meets all capital adequacy requirements to which it is subject. As of December 31, 2022 and 2021, the most recent notification from the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum common equity Tier 1 risk-based, total risk-based, Tier I risk-based and Tier I leverage ratios as set forth below. There are no conditions or events since that notification that management believes have changed the Bank’s category. The Bank’s actual capital amounts and ratios for December 31, 2022 and 2021 are presented in the table below (in thousands). For Capital To Be Well Capitalized Adequacy Under Prompt Corrective Actual Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2022: Common Equity Tier 1 (to Risk Weighted Assets) $ 87,397 11.86 % $ 33,170 4.50 % $ 47,913 6.50 % Total Capital (to Risk Weighted Assets) 96,612 13.11 % 58,970 8.00 % 73,712 10.00 % Tier I Capital (to Risk Weighted Assets) 87,397 11.86 % 44,227 6.00 % 58,970 8.00 % Tier I Capital (to Average Assets) 87,397 10.97 % 31,865 4.00 % 39,832 5.00 % As of December 31, 2021: Common Equity Tier 1 (to Risk Weighted Assets) $ 83,662 13.47 % $ 27,960 4.50 % $ 40,386 6.50 % Total Capital (to Risk Weighted Assets) 91,438 14.75 % 49,706 8.00 % 62,133 10.00 % Tier I Capital (to Risk Weighted Assets) 83,662 13.47 % 37,280 6.00 % 49,706 8.00 % Tier I Capital (to Average Assets) 83,662 10.77 % 31,070 4.00 % 38,837 5.00 %

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	(14) Related Party Transactions The Company conducts transactions with its directors and executive officers, including companies in which they have beneficial interest, in the normal course of business. It is the policy of the Company that loan transactions with directors and executive officers be made on substantially the same terms as those prevailing at the time for comparable loans to other persons. The following is a summary of activity for related party loans: (in thousands). For Year Ended For Year Ended Beginning balance $ 327 $ 927 Change in directors ( 257 ) — Loans advanced 434 3 Repayments ( 88 ) ( 603 ) Ending balance $ 416 $ 327 The aggregate amount of deposits from directors and executive officers and their affiliates amounted to approximately $ 6.1 million and $ 2.4 million at December 31, 2022 and 2021 , respectively.

Commitments

Commitments	12 Months Ended
Commitments	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments	(15) Commitments The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments could include commitments to extend credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. In most cases, the Bank requires collateral or other security to support financial instruments with credit risk. December 31, December 31, Financial instruments whose contract amounts Commitments to extend credit $ 90,297 $ 69,826 Letters of credit 8 26 Commitments to extend credit are agreements to lend to a customer, as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank, upon extension of credit is based on management’s credit evaluation. Collateral held varies but may include unimproved and improved real estate, certificates of deposit, or personal property.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	12 Months Ended
Fair Value Measurements and Disclosures	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	(16) Fair Value Measurements and Disclosures The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. From time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans and other real estate owned. These nonrecurring fair value adjustments typically involve application of the lower of cost or market accounting or write-downs of individual assets. Additionally, the Company is required to disclose, but not record, the fair value of other financial instruments. Fair Value Hierarchy The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. Following is a description of valuation methodologies used for assets and liabilities recorded at fair value. Cash and Cash Equivalents The carrying value of cash and cash equivalents is a reasonable estimate of fair value. Investment Securities Available-for-Sale Available-for-sale securities are recorded at market value. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, and U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter market funds. Level 2 securities include mortgage-backed securities issued by government sponsored enterprises and state, county and municipal bonds. Securities classified as Level 3 include asset-backed securities in less liquid markets. Bank Owned Life Insurance The carrying value of bank owned life insurance approximates fair value. Other Investments The carrying value of other investments includes FHLB Stock and FNBB stock and approximates fair value. Loans The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and a specific reserve is established within the allowance for loan losses. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment in accordance with GAAP. The fair value of impaired loans is estimated using one of three methods, including collateral value, market value of similar debt, and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. In accordance with GAAP, impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price, the Company records the impaired loan as nonrecurring Level 2. When an appraised value is used or an appraisal is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the impaired loan as nonrecurring Level 3. For disclosure purposes, the fair value of fixed rate loans which are not considered impaired is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings. For unimpaired variable rate loans, the carrying amount is a reasonable estimate of fair value for disclosure purposes. Other Real Estate Owned Other real estate properties are adjusted to fair value upon transfer of the loans to other real estate. Subsequently, other real estate assets are carried at fair value less estimated selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price, the Bank records the other real estate as nonrecurring Level 2. When an appraised value is used or an appraisal is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Bank records the other real estate asset as nonrecurring Level 3. Deposits The fair value of savings accounts, interest-bearing checking accounts, noninterest-bearing checking accounts and market rate checking accounts is the amount payable on demand at the reporting date, while the fair value of fixed maturity certificate of deposits is estimated by discounting the future cash flows using current rates at which comparable certificates would be issued. FHLB Advances and Other Borrowings Federal Home Loan Bank advances are carried at cost and the fair value is obtained from the Federal Home Loan Bank of Atlanta. Federal Funds Purchased are carried at cost and because they are overnight funds, the carrying value is a reasonable estimate of fair value. Assets Recorded at Fair Value on a Recurring Basis The Company’s only assets recorded at fair value on a recurring basis are available-for-sale securities that had a fair value of $ 46.2 million and $ 48.6 million at December 31, 2022 and 2021, respectively. They are classified as Level 2. Assets Recorded at Fair Value on a Nonrecurring Basis The Company may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below as of December 31, 2022 and 2021 (in thousands). December 31, 2022 Level 1 Level 2 Level 3 Total Other real estate owned $ — $ — $ 2,901 $ 2,901 Impaired loans — — 5,659 5,659 Total assets at fair value $ — $ — $ 8,560 $ 8,560 December 31, 2021 Level 1 Level 2 Level 3 Total Other real estate owned $ — $ — $ 3,538 $ 3,538 Impaired loans — — 7,221 7,221 Total assets at fair value $ — $ — $ 10,759 $ 10,759 The carrying amounts and estimated fair values (in thousands) of the Company’s financial instruments at December 31, 2022 and 2021 are as follows: December 31, 2022 December 31, 2021 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets: Cash and cash equivalents $ 26,324 $ 26,324 $ 111,776 $ 111,776 Investment securities available-for-sale 46,200 46,200 48,557 48,557 held-to-maturity 26,527 26,251 — — Other investments 1,082 1,082 2,476 2,476 Loans, net 636,909 611,687 575,825 581,541 Bank owned life insurance 15,724 15,724 15,377 15,377 Financial liabilities: Deposits 657,172 653,577 612,796 603,039 FHLB advances and other borrowings 10,025 10,025 48,988 48,197 Limitations Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on many judgments. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Significant assets and liabilities that are not considered financial instruments include deferred income taxes and premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

Condensed Parent Company Only F

Condensed Parent Company Only Financial Information	12 Months Ended
Condensed Parent Company Only Financial Information	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Parent Company Only Financial Information	(17) Condensed Parent Company Only Financial Information A condensed summary of Affinity Bancshares, Inc.’s financial information is shown. Parent Only Condensed Balance Sheets December 31, December 31, 2022 2021 Assets Cash in bank subsidiary $ 10,233 $ 11,222 Investment in subsidiary, at underlying equity 100,314 103,188 Loan receivable - ESOP 5,292 5,446 Other assets 1,374 1,279 Total assets $ 117,213 $ 121,135 Liabilities and Stockholders' Equity Liabilities : Other liabilities $ 110 $ 167 Total liabilities 110 167 Stockholders' equity: Total stockholders' equity 117,103 120,968 Total liabilities and stockholders' equity $ 117,213 $ 121,135 Parent Only Condensed Statements of Income Year Ended Year Ended December 31, December 31, 2022 2021 Interest income: Income on ESOP loan $ 177 $ 177 Total interest income 177 177 Interest expense: Interest expense on borrowings — 10 Total interest expense — 10 Net interest income 177 167 Noninterest expenses: Other noninterest expense 555 537 Loss before income taxes ( 378 ) ( 370 ) Income tax benefit 95 227 Loss before equity in undistributed earnings of Bank ( 283 ) ( 143 ) Equity in undistributed earnings of Bank 7,417 7,716 Net income $ 7,134 $ 7,573 Parent Only Condensed Statements of Cash Flows Year Ended Year Ended December 31, December 31, 2022 2021 Cash flows from operating activities: Net income $ 7,134 $ 7,573 Adjustments to reconcile net income to net cash used in operating activities Equity in undistributed earnings of Bank ( 7,417 ) ( 7,716 ) Other ( 328 ) ( 311 ) Net cash used in operating activities ( 611 ) ( 454 ) Cash flows from investing activities: Payments from ESOP loan 331 131 Capital injection into the Bank — ( 16,267 ) Net cash provided by (used in) investing activities 331 ( 16,136 ) Cash flows from financing activities: Proceeds from stock offering — 37,108 Stock offering expenses — ( 1,699 ) Funding of ESOP — ( 2,961 ) Stock Repurchase ( 5,709 ) — Repay other borrowings — ( 5,000 ) Dividend from Bank 5,000 — Net cash (used in) provided by financing activities ( 709 ) 27,448 Net change in cash and cash equivalents ( 989 ) 10,858 Cash and cash equivalents at beginning of period 11,222 364 Cash and cash equivalents at end of period $ 10,233 $ 11,222

Subsequent Event

Subsequent Event	12 Months Ended
Subsequent Event	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Subsequent Event	(18) Subsequent Event On March 12, 2023, in response to liquidity concerns in the United States banking system, the Federal Reserve and U.S. Department of Treasury, along with banking regulators, collaboratively approved certain actions with a stated intention to reduce stress across the financial system, support financial stability and minimize any impact on business, households, taxpayers, and the broader economy. Among other actions, the Federal Reserve Board created a new Bank Term Funding Program (BTFP) to make additional funding available to eligible depository institutions, to help assure institutions can meet the needs of their depositors. Eligible institutions may obtain liquidity against a wide range of collateral. BTFP advances can be requested through at least March 11, 2024. Through the date the financial statements were available to be issued, the Company has not requested funding through the BTFP. During first quarter 2023, to further enhance liquidity, the Company obtained brokered deposits totaling $ 85.6 million with an average life of three years and an average interest rate of 5.07 %.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2022
Basis of Presentation	Basis of Presentation The accounting principles followed by the Company and the methods of applying these standards and principles conform with accounting principles generally accepted in the United States of America (“GAAP”) and with general practices within the banking industry. In preparing consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts in the consolidated financial statements. Actual results could differ significantly from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of real estate acquired in connection with or in lieu of foreclosure on loans, and valuation allowances associated with deferred tax assets, the recognition of which are based on future taxable income. Impaired loans and foreclosed real estate properties are carried at fair value less estimated selling costs, the determination of which requires significant assumptions, estimates and judgments. Fair values for foreclosed real estate properties and impaired loans collateralized by real estate are principally based on independent appraised values. Fair value is defined by GAAP as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. GAAP further defines an orderly transaction as a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets. An orderly transaction is not a forced transaction like a forced liquidation or distressed sale. Basic and diluted earnings per share for 2022 was $ 1.07 and $ 1.06 , respectively. The net earnings for this period was $ 7,134,000 and the weighted average common shares outstanding were 6,669,389 for basic and 6,761,771 for diluted. Basic and diluted earnings per share for the year ended December 31, 2021 was $ 1.10 and $ 1.09 , respectively. The net earnings for this period was $ 7,573,000 and the weighted average common shares outstanding were 6,911,576 for basic and 6,969,402 for diluted.
Adopted And Future Accounting Pronouncements	Adopted Accounting Pronouncements The Company recently adopted the following Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB). In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). ASU 2016-02 provides certain targeted improvements to align lessor accounting with the lessee accounting model. It requires lessees to recognize the assets and liabilities on their balance sheet for the rights and obligations created by most leases and continue to recognize expenses on their income statements over the lease term. It will also require disclosures designed to give financial statement users information on the amount, timing and uncertainty of cash flows arising from leases. Adoption of the leasing standard resulted in the recognition of an operating right-of-use asset and operating lease liability of approximately $ 2.7 million as of January 1, 2022 . The prior year was not restated and continues to be presented under the previous accounting standards. Disclosures about the Company’s leasing activities are presented in Note 5: Leases. New Accounting Pronouncements Accounting Standards Update 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), is intended to provide financial statement users with more decision-useful information related to expected credit losses on financial instruments and other commitments to extend credit by replacing the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to determine credit loss estimates. ASU 2016-13 does not specify the method for measuring expected credit losses, and an entity is allowed to apply methods that reasonably reflect its expectations of the credit loss estimate. Additionally, the amendments of ASU 2016-13 require that credit losses on available-for-sale debt securities be presented as an allowance rather than as a write-down. The Company selected a third-party vendor to provide allowance for loan loss software as well as advisory services in developing a new methodology that would be compliant with ASU 2016-13. The Company adopted this ASU on January 1, 2023, and recorded a one time entry to retained earnings of $ 437,000 , net of tax, primarily related to credit losses for unfunded commitments. In March 2020, the FASB issued ASU No. 2020-04, Reference Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). This ASU provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. It provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The updated guidance was originally effective for all entities from March 12, 2020 through December 31, 2022. In December 2022, the FASB issued ASU 2022-06 which deferred the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The Company has been diligent in responding to reference rate reform and does not anticipate a significant impact to its financial statements as a result.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash and due from banks and interest-earning deposits in other depository institutions.
Investment Securities	Investment Securities The Company classifies its investment securities in one of three categories: trading, available-for-sale, or held-to-maturity. Trading securities are bought and held principally for the purpose of selling them in the near term. Held-to-maturity securities are those securities for which the Company has the ability and intent to hold the security until maturity. All other securities not included in trading or held-to-maturity are classified as available-for-sale. Held-to-maturity securities are recorded at cost, adjusted for the amortization or accretion of premiums or discounts. Transfers of securities between categories are recorded at fair value at the date of transfer. Management evaluates investment securities for other-than-temporary impairment on an annual basis. A decline in the market value of any held-to-maturity investment below cost that is deemed other-than-temporary is charged to earnings for the decline in value deemed to be credit related. The decline in value attributed to non-credit related factors is recognized in other comprehensive income and a new cost basis in the security is established. Premiums and discounts are amortized or accreted over the life of the related security as an adjustment to the yield. Realized gains and losses for securities classified as held-to-maturity are included in earnings and are derived using the specific identification method for determining the cost of securities sold.
Loans, Loan Fees and Interest Income on Loans	Loans, Loan Fees and Interest Income on Loans Loans are stated at the principal amount outstanding, net of the allowance for loan losses. Interest on loans is calculated by using the simple interest method on daily balances of the principal amount outstanding. Accrual of interest is discontinued on a loan when management believes, after considering economic and business conditions and collection efforts that the borrower’s financial condition is such that collection of interest is doubtful. When a loan is placed on nonaccrual status, previously accrued and uncollected interest is charged to interest income on loans. Generally, payments on nonaccrual loans are applied first to principal. Interest income is recorded after principal has been satisfied and as payments are received. Loan fees, net of certain origination costs, are deferred and amortized over the lives of the respective loans as an adjustment to the yield. A loan is impaired when, based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreement will not be collected. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or at the loan’s observable market price, or at the fair value of the collateral of the loan if the loan is collateral dependent. Estimated impairment losses for collateral dependent loans are set up as specific reserves. Interest income on impaired loans is recognized using the cash-basis method of accounting during the time the loans are impaired.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses charged to expense. Loans are charged against the allowance for loan losses when management believes that the collection of the principal is unlikely. The allowance represents an amount, which in management’s judgment, will be adequate to absorb probable losses on existing loans that may become uncollectible. Management considers the following when assessing risk in the Company's loan portfolio segments: Commercial (secured by real estate): Commercial real estate loans are dependent on the industries tied to these loans. Commercial real estate loans are primarily secured by office and industrial buildings, warehouses, small retail shopping facilities and various special purpose properties, including hotels and restaurants. Financial information is obtained from the borrowers and/or the individual project to evaluate cash flows sufficiency to service debt and is periodically updated during the life of the loan. Loan performance may be adversely affected by factors impacting the general economy or conditions specific to the real estate market such as geographic location and/or property type. Commercial and industrial: Commercial and industrial loans are primarily for working capital, physical asset expansion, asset acquisition loans and other. These loans are made based primarily on historical and projected cash flow of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not behave as forecasted and collateral securing loans may fluctuate in value due to economic or individual performance factors. Financial information is obtained from the borrowers to evaluate cash flows sufficiency to service debt and are periodically updated during the life of the loan. Construction, land and acquisition and development: Construction, land and acquisition and development loans are secured by vacant land and/or property that are in the process of improvement, including (a) land development preparatory to erecting vertical improvements or (b) the onsite construction of industrial, commercial, residential, or farm buildings. Repayment of these loans can be dependent on the sale of the property to third parties or the successful completion of the improvements by the builder for the end user. In the event a loan is made on property that is not yet improved for the planned development, there is the risk that necessary approvals will not be granted or will be delayed. Construction loans also run the risk that improvements will not be completed on time or in accordance with specifications and projected costs. Residential mortgage 1-4 family: Residential real estate loans are affected by the local residential real estate market, the local economy, and, for variable rate mortgages, movement in indices tied to these loans. At the time of origination, the Company evaluates the borrower's repayment ability through a review of debt to income and credit scores. Appraisals are obtained to support the loan amount. Financial information is obtained from the borrowers and/or the individual project to evaluate cash flows sufficiency to service debt at the time of origination. Consumer installment: Consumer and other loans may take the form of automobile loans, installment loans, demand loans, or single payment loans and are extended to individuals for household, family, and other personal expenditures. At the time of origination, the Company evaluates the borrower's repayment ability through a review of debt to income and credit scores. Management’s judgment in determining the adequacy of the allowance is based on evaluations of the probability of collection of loans. These evaluations take into consideration such factors as changes in the nature and volume of the loan portfolio, current economic conditions that may affect the borrower’s ability to pay, overall portfolio quality, and review of specific problem loans. Management uses an external independent loan reviewer to challenge and corroborate its loan grading and to provide additional analysis in determining the adequacy of the allowance for loan losses and necessary provisions to the allowance. Management believes the allowance for loan losses is adequate. While management uses available information to recognize losses on loans, future additions to the allowance may be necessary based on changes in economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the allowance for loan losses, and as a result of these reviews the Bank may have to adjust or make additions to the allowance for loan losses as a part of management’s ongoing evaluation of its adequacy.
Other Real Estate Owned	Other Real Estate Owned Other real estate owned includes real estate acquired through foreclosure. Each other real estate property is initially recorded at its fair value less estimated costs to sell and is subsequently carried at fair value less estimated costs to sell. All foreclosed properties are actively marketed for sale. Fair value is principally based on independent appraisals performed by local credentialed appraisers. Any excess of the carrying value of the related loan over the fair value of the real estate at the date of foreclosure is charged against the allowance for loan losses. Properties in other real estate are re-evaluated annually. Any expense incurred in connection with holding such real estate or resulting from any write-downs in value subsequent to foreclosure is included in noninterest expense. When the other real estate property is sold, a gain or loss is recognized on the sale for the difference between the sales proceeds and the carrying amount of the property.
Premises and Equipment	Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in earnings for the period. The cost of maintenance and repairs that do not improve or extend the useful life of the respective asset is charged to earnings as incurred, whereas significant renewals and improvements are capitalized. The range of estimated useful lives for premises and equipment are as follows: Equipment and furniture 3 - 10 years Buildings 40 years Automobile 5 years
Leases	Leases The lease liability is initially and subsequently recognized based on the present value of its future lease payments. Variable payments are included in the future lease payments when those variable payments depend on an index or a rate. Increases (decreases) to variable lease payments due to subsequent changes in an index or rate are recorded as variable lease expense (income) in the future period in which they are incurred . The discount rate used is the implicit rate in the lease contract, if it is readily determinable, or the Company’s incremental borrowing rate. The implicit rates of our leases are not readily determinable and accordingly, the Company uses the incremental borrowing rate based on the information available at the commencement date for all leases. The Company’s incremental borrowing rate for a lease is the rate of interest it would have to pay on a collateralized basis to borrow an The ROU asset for operating leases is subsequently measured throughout the lease term at the amount of the remeasured lease liability (i.e., present value of the remaining lease payments), plus unamortized initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received, and any impairment recognized. For operating leases with lease payments that fluctuate over the lease term, the total lease costs are recognized on a straight-line basis over the lease term. For all underlying classes of assets, the Company has elected to not recognize ROU assets and lease liabilities for short-term leases that have a lease term of 12 months or less at lease commencement and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise. Leases containing termination clauses in which either party may terminate the lease without cause and the notice period is less than 12 months are deemed short-term leases with lease costs included in short-term lease expense. The Company recognizes short-term lease cost on a straight-line basis over the lease term.
Bank Owned Life Insurance	Bank Owned Life Insurance The Bank has purchased life insurance policies on certain key executives and members of management. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other changes or other amounts due that are probable at settlement.
Intangible Assets	Intangible Assets Intangible assets attributable to the value of core deposits are stated at cost less accumulated amortization. Intangible assets are amortized on a straight-line basis over the estimated lives of the assets. The excess of purchase price over fair value of net assets acquired (goodwill) is not amortized.
Income Taxes	Income Taxes The Company uses the liability method of accounting for income taxes, which requires the recognition of deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Additionally, this method requires the recognition of future tax benefits, such as net operating loss carryforwards, to the extent that realization of such benefits is more likely than not. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the assets and liabilities are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period that includes the enactment date. In the event the future tax consequences of differences between the financial reporting bases and the tax bases of the Company’s assets and liabilities results in deferred tax assets, an evaluation of the probability of being able to realize the future benefits indicated by such asset is required. A valuation allowance is provided for the portion of the deferred tax asset when it is more likely than not that some portion or all of the deferred tax asset will not be realized. In assessing the realization of the deferred tax assets, management considers the scheduled reversals of deferred tax liabilities, projected future taxable income, and tax planning strategies. The Company currently evaluates income tax positions judged to be uncertain. A loss contingency reserve is accrued if it is probable that the tax position will be challenged, it is probable that the future resolution of the challenge will confirm that a loss has been incurred, and the amount of such loss can be reasonably estimated.
Stock Compensation Plans	Stock Compensation Plans Stock compensation awards are measured at the grant date based on the fair value of the awards and are recognized as compensation expense over the service period, which is also the vesting period.
Other Comprehensive Income	Other Comprehensive Income comprehensive income is shown on the consolidated statements of comprehensive income. Accumulated other comprehensive loss consists of unrealized loss on securities available-for-sale, net of tax, and is shown on the consolidated statements of changes in stockholders’ equity.
Revenue Recognition	Revenue Recognition The core revenue recognition principle requires the Company to recognize revenue to depict the transfer of services or products to customers in an amount that reflects the consideration to which the Company expects to be entitled to receive in exchange for those services or products recognized as performance obligations are satisfied. The guidance includes a five-step model to apply to revenue recognition, consisting of the following: (1) identify the contract with a customer; (2) identify the performance obligation(s) within the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligation(s) within the contract; and (5) recognize revenue when (or as) the performance obligation(s) are/is satisfied. Service charges on deposit accounts: The deposit contract obligates the Company to serve as a custodian of the customer’s deposited funds and is generally terminable at will by either party. The contract permits the customer to access the funds on deposit and request additional services for which the Company earns a fee, including NSF and analysis charges, related to the deposit account. Income for deposit accounts is recognized over the statement cycle period (typically on a monthly basis) or at the time the service is provided, if additional services are requested. ATM fee income: A contract between the Company, as a card-issuing bank, and its customers whereby the Company receives a transaction fee from the merchant’s bank whenever a customer uses a debit or credit card to make a purchase. These fees are earned as the service is provided (i.e., when the customer uses a debit or ATM card). Other noninterest income: Other noninterest income includes several items, such as wire transfer income, check cashing fees, the increase in cash surrender value of life insurance and safe deposit box rental fees. This income is generally recognized at the time the service is provided and/or the income is earned.
Reclassifications	Reclassification Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on stockholders’ equity or net income.
FHLB Stock
Investment Securities	Other Investments The Federal Home Loan Bank (“FHLB”) stock is an investment that does not have a readily determinable fair value and is carried at cost. The Company is required to hold the FHLB stock as a member of the FHLB and transfer of the stock is substantially restricted. The First National Bankers Bank (“FNBB”) stock is an investment that does not have a readily determinable fair value and is carried at cost. The Company acquired the stock when it borrowed funds at the holding company from FNBB.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Estimated Useful for Premises and Equipment	The range of estimated useful lives for premises and equipment are as follows: Equipment and furniture 3 - 10 years Buildings 40 years Automobile 5 years

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
Investment Securities (Tables)	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities Available-for-Sale	Investment securities available-for-sale at December 31, 2022 and 2021 are as follows: (in thousands) Amortized Gross Gross Estimated December 31, 2022 Cost Gains Losses Fair Value U.S. Treasury securities $ 6,084 $ — $ ( 776 ) $ 5,308 Municipal securities - tax exempt 533 — ( 96 ) 437 Municipal securities - taxable 2,529 — ( 485 ) 2,044 U. S. Government sponsored enterprises 11,837 — ( 3,499 ) 8,338 Government agency mortgage-backed securities 20,555 — ( 3,053 ) 17,502 Corporate securities 13,571 5 ( 1,005 ) 12,571 Total $ 55,109 $ 5 $ ( 8,914 ) $ 46,200 December 31, 2021 U.S. Treasury securities $ 5,068 $ 5 $ ( 23 ) $ 5,050 Municipal securities - tax exempt 540 — ( 4 ) 536 Municipal securities - taxable 796 — ( 6 ) 790 U. S. Government sponsored enterprises 11,837 — ( 295 ) 11,542 Government agency mortgage-backed securities 21,371 200 ( 232 ) 21,339 Corporate securities 9,425 20 ( 145 ) 9,300 Total $ 49,037 $ 225 $ ( 705 ) $ 48,557
Schedule of Investment Securities Held-to-Maturity	Investment securities held -to-maturity at December 31, 2022 are as follows: (in thousands) Amortized Gross Gross Estimated December 31, 2022 Cost Gains Losses Fair Value U.S. Treasury securities $ 998 $ — $ — $ 998 Government agency mortgage-backed securities 837 — ( 13 ) 824 Corporate securities 24,692 4 ( 267 ) 24,429 Total $ 26,527 $ 4 $ ( 280 ) $ 26,251 There were no held-to-maturity securities at December 31, 2021.
Schedule of Amortized Cost and Estimated Fair Value of Investment Securities Available-for-Sale and Held to Maturity by Contractual Maturity	The amortized cost and estimated fair value of investment securities available-for-sale and held to maturity at December 31, 2022, by contractual maturity, are shown below. Maturities of mortgage-backed securities will differ from contractual maturities because borrowers may have the right to call or prepay certain obligations with or without call or prepayment penalties. (in thousands): Available-for-Sale Held-to-Maturity Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value Within 1 year $ 977 $ 977 $ — $ — Greater than 1 to 5 years 3,055 3,027 14,899 14,739 Greater than 5 to 10 years 18,424 16,096 10,791 10,688 Greater than 10 years 12,098 8,598 — — 34,554 28,698 25,690 25,427 Government agency mortgage-backed securities 20,555 17,502 837 824 Total $ 55,109 $ 46,200 $ 26,527 $ 26,251

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	12 Months Ended
Loans and Allowance for Loan Losses (Tables)	Dec. 31, 2022
Receivables [Abstract]
Summary of Major Classifications of Loans	Major classifications of loans, by collateral code, at December 31, 2022 and 2021 are summarized as follows: (in thousands) December 31, 2022 December 31, 2021 Commercial (secured by real estate - owner occupied) $ 162,989 $ 158,662 Commercial (secured by real estate - non-owner occupied) 135,720 104,042 Commercial and industrial () 147,775 170,718 Construction, land and acquisition & development 37,158 16,317 Residential mortgage 1-4 family 51,324 63,065 Consumer installment 111,268 71,580 Total 646,234 584,384 Less allowance for loan losses ( 9,325 ) ( 8,559 ) Total loans, net $ 636,909 $ 575,825 Includes $ 5,000 and $ 17.9 million in PPP loans as of December 31, 2022 and 2021
Summary of Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method	The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2022 and 2021: (in thousands) December 31, 2022 Commercial Commercial Commercial Construction, Residential Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 2,701 $ 1,980 $ 2,242 $ 162 $ 502 $ 969 $ 3 $ 8,559 Provision ( 421 ) 99 55 325 ( 196 ) 801 41 704 Charge-offs — — ( 26 ) — — ( 123 ) — ( 149 ) Recoveries 123 — 21 — 39 28 — 211 Ending balance $ 2,403 $ 2,079 $ 2,292 $ 487 $ 345 $ 1,675 $ 44 $ 9,325 Ending allowance attributable to Individually evaluated $ 85 $ 1 $ — $ — $ 4 $ — $ — $ 90 Collectively evaluated 2,318 2,078 2,292 487 341 1,675 44 9,235 Total ending allowance $ 2,403 $ 2,079 2,292 $ 487 $ 345 $ 1,675 $ 44 $ 9,325 Loans: Individually evaluated $ 85 $ 3,265 $ — $ — $ 2,399 $ — $ — $ 5,749 Collectively evaluated 162,904 132,455 147,775 37,158 48,925 111,268 — 640,485 Total loans $ 162,989 $ 135,720 $ 147,775 $ 37,158 $ 51,324 $ 111,268 $ — $ 646,234 December 31, 2021 Allowance for loan losses: Beginning balance $ 1,913 $ 1,171 $ 1,320 $ 224 $ 970 $ 719 $ 44 $ 6,361 Provision ( 519 ) 809 1,119 ( 62 ) ( 541 ) 310 ( 41 ) 1,075 Charge-offs — — ( 234 ) — — ( 76 ) — ( 310 ) Recoveries 1,307 — 37 — 73 16 — 1,433 Ending balance $ 2,701 $ 1,980 $ 2,242 $ 162 $ 502 $ 969 $ 3 $ 8,559 Ending allowance attributable to Individually evaluated $ — $ 1 $ 1 $ — $ 5 $ — $ — $ 7 Collectively evaluated 2,701 1,979 2,241 162 497 969 3 8,552 Total ending allowance $ 2,701 $ 1,980 $ 2,242 $ 162 $ 502 $ 969 $ 3 $ 8,559 Loans: Individually evaluated $ 95 $ 3,387 $ 753 $ — $ 2,992 $ 1 $ — $ 7,228 Collectively evaluated 158,567 100,655 169,965 16,317 60,073 71,579 — 577,156 Total loans $ 158,662 $ 104,042 $ 170,718 $ 16,317 $ 63,065 $ 71,580 $ — $ 584,384
Summary of Impaired Loans	Impaired loans at December 31, 2022 and 2021 were as follows: (in thousands) December 31, 2022 Recorded Unpaid Allocated Average Interest With no related allowance recorded: Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — Commercial (secured by real estate - non-owner occupied) 3,089 3,089 — 3,145 — Commercial and industrial — — — — — Construction, land and acquisition & development — — — — — Residential mortgage 1,526 1,526 — 1,596 5 Consumer installment — — — — — 4,615 4,615 — 4,741 5 With an allowance recorded: Commercial (secured by real estate - owner occupied) 85 85 85 90 4 Commercial (secured by real estate - non-owner occupied) 176 176 1 182 8 Commercial and industrial — — — — — Construction, land and acquisition & development — — — — — Residential mortgage 873 873 4 907 22 Consumer installment — — — — — 1,134 1,134 90 1,179 34 Total impaired loans $ 5,749 $ 5,749 $ 90 $ 5,920 $ 39 December 31, 2021 With no related allowance recorded: Commercial (secured by real estate - owner occupied) $ 95 $ 95 $ — $ 100 $ 6 Commercial (secured by real estate - non-owner occupied) 3,199 3,199 — 3,177 45 Commercial and industrial 388 421 — 458 — Construction, land and acquisition & development — — — — — Residential mortgage 2,052 2,052 — 2,110 31 Consumer installment 1 1 — 3 — 5,735 5,768 — 5,848 82 With an allowance recorded: Commercial (secured by real estate - owner occupied) — — — — — Commercial (secured by real estate - non-owner occupied) 188 189 1 192 12 Commercial and industrial 365 365 1 379 — Construction, land and acquisition & development — — — — — Residential mortgage 940 941 5 960 60 Consumer installment — — — — — 1,493 1,495 7 1,531 72 Total impaired loans $ 7,228 $ 7,263 $ 7 $ 7,379 $ 154
Summary of Recorded Investment in Past Due Loans, as Well as Nonaccrual Loans	The following table presents the aging of the recorded investment in past due loans, as well as the recorded investment in nonaccrual loans, as of December 31, 2022 and 2021 by class of loans: (in thousands) December 31, 2022 30 -59 60- 89 90 Days Total Accruing Loans Nonaccrual Current Total Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ 85 $ 162,904 $ 162,989 Commercial (secured by real estate - non-owner occupied) — — — — 3,312 132,408 135,720 Commercial and industrial — — — — 3 147,772 147,775 Construction, land and acquisition & 85 — — 85 — 37,073 37,158 Residential mortgage 2,341 533 249 3,123 3,185 45,016 51,324 Consumer installment 571 59 — 630 135 110,503 111,268 Total $ 2,997 $ 592 $ 249 $ 3,838 $ 6,720 $ 635,676 $ 646,234 December 31, 2021 Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ 158,662 $ 158,662 Commercial (secured by real estate - non-owner occupied) — — — — 3,200 100,842 104,042 Commercial and industrial 338 — — 338 813 169,567 170,718 Construction, land and acquisition & — — — — — 16,317 16,317 Residential mortgage 3,547 1,148 — 4,695 2,873 55,497 63,065 Consumer installment 271 25 — 296 125 71,159 71,580 Total $ 4,156 $ 1,173 $ $ 5,329 $ 7,011 $ 572,044 $ 584,384
Summary of Troubled Debt Restructurings	The table below presents information on troubled debt restructurings including the number of loan contracts restructured and the pre- and post-modification recorded investment that have occurred during the years ended December 31, 2022 and 2021. Also included in the table are the number of contracts and the recorded investment for those trouble debt restructurings that have subsequently defaulted during the years ended December 31, 2022 and 2021: (in thousands) Pre- Post- Troubled Debt December 31, 2022 Number of Recorded Recorded Number of Recorded Residential mortgage — $ — $ — $ — $ — December 31, 2021 Residential mortgage 1 $ 71 $ 71 $ — $ —
Summary of Risk Category of Loans by Class of Loans	Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass rated loans. As of December 31, 2022 and 2021, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: (in thousands) December 31, 2022 Pass Special Substandard Doubtful/ Total Commercial (secured by real estate - owner occupied) $ 162,541 $ 362 $ 86 $ — $ 162,989 Commercial (secured by real estate - non-owner occupied) 130,115 2,293 3,312 — 135,720 Commercial and industrial 147,772 — 3 — 147,775 Construction, land and acquisition & development 37,158 — — — 37,158 Residential mortgage 48,193 — 3,131 — 51,324 Consumer installment 111,049 84 135 — 111,268 Total $ 636,828 $ 2,739 $ 6,667 $ — $ 646,234 December 31, 2021 Pass Special Substandard Doubtful/ Total Commercial (secured by real estate - owner occupied) $ 158,272 $ 390 $ — $ — $ 158,662 Commercial (secured by real estate - non-owner occupied) 98,269 2,352 3,421 — 104,042 Commercial and industrial 169,866 — 852 — 170,718 Construction, land and acquisition & development 16,005 312 — — 16,317 Residential mortgage 59,080 — 3,985 — 63,065 Consumer installment 71,440 — 140 — 71,580 Total $ 572,932 $ 3,054 $ 8,398 $ — $ 584,384

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
Premises and Equipment (Tables)	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Summary of Premises and Equipment	Premises and equipment at year ended December 31, 2022 and 2021 are summarized as follows: (in thousands) December December 31, 2022 31, 2021 Land $ 373 $ 373 Buildings 4,336 4,280 Leasehold improvements 912 535 Equipment and furniture 3,663 2,755 Construction in process 286 291 Automobile 66 66 9,636 8,300 Less: Accumulated depreciation 5,379 4,517 $ 4,257 $ 3,783

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
Intangible Assets (Tables)	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Future Amortization Expense of Intangible Assets	The following table shows the estimated future amortization of the core deposit premium intangible asset for the next five years (in thousands). The projections of amortization expense are based on existing asset balances as of December 31, 2022. Years ending December 31 , 2023 $ 191 2024 191 2025 191 2026 191 2027 191 Thereafter 384 Total $ 1,339

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Dec. 31, 2022
Leases [Abstract]
Schedule of Consolidated Balance Sheet Classification of ROU Assets and Liabilities	The following table represents the consolidated balance sheet classification of the Company’s ROU assets and liabilities. Classification December 31, 2022 Assets Operating lease right-of-use assets Other assets $ 2,216 Liabilities Operating lease liabilities Other liabilities 2,697
Summary of Future Maturities of Operating lease Liabilities and Other Lease Information	The following table represents the future maturities of the Company’s operating lease liabilities and other lease information. (dollars in thousands) Years ending December 31, Lease Liability 2023 $ 586 2024 610 2025 627 2026 645 2027 351 Total lease payments 2,819 Less: interest 122 Present value of lease liabilities $ 2,697 Supplemental Lease Information: December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities: (dollars in thousands) Operating cash flows from operating leases (cash payments) $ 427 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 285

Deposits (Tables)

Deposits (Tables)	12 Months Ended
Deposits (Tables)	Dec. 31, 2022
Deposits [Abstract]
Summary of Contractual Maturities of Certificate of Deposits	At December 31, 2022, contractual maturities of certificate of deposits are summarized as follows: (in thousands). Years ending December 31 , 2023 $ 43,763 2024 19,239 2025 47,363 2026 4,912 2027 5,987 Thereafter 4,725 Total $ 125,989

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
Borrowings (Tables)	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Federal Home Loan Bank of Atlanta (FHLB) Advances	At December 31, 2022 and 2021 , the Bank had a line of credit totaling $ 81.8 million and $ 44.7 million, respectively, from the FHLB, which is reviewed annually by the FHLB. The following advance was outstanding at December 31, 2022 : $ 10.0 million fixed rate advance, borrowed December 30, 2022, maturing January 30, 2023 at a rate of 4.23 %. At December 31, 2021 there were six advances outstanding: $ 8.0 million convertible rate advance with a call feature on May 23, 2022 , borrowed May 23, 2019 , maturing May 23, 2029 at a rate of 2.40 %; $ 5.0 million convertible rate advance with a call feature on November 29, 2022 , borrowed November 29, 2019 , maturing October 25, 2029 at a rate of 2.66 %; $ 5.0 million convertible rate advance with a call feature on March 17, 2022 , borrowed December 16, 2019 , maturing December 17, 2029 at a rate of 2.37 %; $ 10.0 million fixed rate advance, borrowed January 21, 2021 , maturing January 21, 2026 at a rate of 0.68 %; $ 10.0 million fixed rate advance, borrowed March 8, 2021 , maturing March 8, 2024 at a rate of 0.54 %; and $ 10.0 million fixed rate advance, borrowed May 2, 2021 , maturing May 2, 2025 at a rate of 0.76 %. These advances had a fair value adjustment of $ 1.0 million. All of these advances were repaid in January 2022 , and we were able to accrete to income the remaining $ 1.0 million fair value adjustment associated with these acquired advances. The Bank also paid $ 647,000 in prepayment penalties on these borrowings.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Summary of Components of Income Tax Expense	The components of income tax expense for the years ended December 31, 2022 and 2021 are as follows: (in thousands) Year Ended Year Ended December 31, 2022 December 31, 2021 Current $ 1,913 $ 2,565 Deferred expense (benefit) 280 ( 227 ) $ 2,193 $ 2,338
Schedule of Difference Between Income Tax Expense and Amount Computed by Applying Statutory Federal Income Taxes Rate to Income Before Taxes	The difference between income tax expense and the amount computed by applying the statutory federal income tax rate to income before taxes for the years ended December 31, 2022 and 2021 is as follows (in thousands): Year Ended Year Ended December 31, 2022 December 31, 2021 Statutory Federal tax rate 21 % 21 % Pretax income at statutory rate $ 1,959 $ 2,082 State income tax, net of federal benefit 257 265 Cash surrender value of life insurance ( 73 ) ( 117 ) Permanent adjustments 13 41 Other 37 67 Actual tax expense 23.6 % and 24.0 %, respectively $ 2,193 $ 2,338
Schedule of Net Deferred Taxes	The following summarizes the sources and expected tax consequences of future deductions or income for income tax purposes which comprised the net deferred taxes at December 31, 2022 and 2021: (in thousands) Year Ended Year Ended December 31, 2022 December 31, 2021 Deferred income tax assets: Allowance for loan losses $ 2,382 $ 2,195 Deferred compensation 682 775 Net operating losses 1,686 1,849 Unrealized loss on investment securities available-for-sale 2,254 122 Fair value adjustments 180 522 Right-of -use liability 689 — Other 205 182 Total deferred income tax assets 8,078 5,645 Deferred income tax liabilities: Core deposit intangible 342 391 Premises and equipment 492 498 Right-of -use asset 649 — Other 110 123 Total deferred income tax liabilities 1,593 1,012 Net deferred income tax asset $ 6,485 $ 4,633

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	12 Months Ended
Stock-Based Compensation Plans (Tables)	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Additional General Disclosures [Abstract]
Summary of Stock Option Activity	A summary of the Company's stock option activity is summarized below. Stock Options Option Shares Outstanding Weighted Average Exercise Price Weighted Average Remaining Life (Years) Aggregate Intrinsic Value (in thousands) Outstanding - December 31, 2020 321,516 $ 9.77 8.60 $ 203 Granted 13,454 13.09 Exercise of stock options — — Forfeited — — Outstanding - December 31, 2021 334,970 $ 9.90 7.80 $ 676 Exercisable - December 31, 2021 102,489 $ 10.28 7.57 $ 274 Granted 221,500 $ 14.86 Exercise of stock options * ( 20,097 ) 11.14 Forfeited ( 51,854 ) 11.64 Outstanding - December 31, 2022 484,519 $ 12.28 8.45 $ 1,522 Exercisable - December 31, 2022 149,372 $ 10.00 6.70 $ 741 * The terms of the stock option agreements permit having a number of shares of stock withheld, the fair market value of which as of the date of exercise is sufficient to satisfy the exercise price and/or tax withholding requirements. All 2022 exercises of stock options were exercised in this manner.
Summary of Restricted Stock Activity	A summary of the Company's restricted stock activity is summarized below. Restricted Stock Weighted Average Grant Date Fair Value Restricted Shares Outstanding Outstanding - December 31, 2020 $ 8.63 120,123 Vested — ( 26,787 ) Outstanding - December 31, 2021 $ 8.63 93,336 Granted $ 14.85 114,000 Vested* 8.90 ( 26,787 ) Forfeited 11.14 ( 11,045 ) Outstanding - December 31, 2022 $ 11.97 169,504 * The terms of the restricted stock agreements permit the surrender of shares of the Company upon vesting in order to satisfy applicable tax withholding requirements at the minimum statutory withholding rate, and accordingly, 3,070 shares were surrendered during the year ended December 31, 2022 .

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
Regulatory Matters (Tables)	Dec. 31, 2022
Regulatory Matters [Abstract]
Schedule of Bank's Actual Capital Amounts And Ratios	The Bank’s actual capital amounts and ratios for December 31, 2022 and 2021 are presented in the table below (in thousands). For Capital To Be Well Capitalized Adequacy Under Prompt Corrective Actual Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2022: Common Equity Tier 1 (to Risk Weighted Assets) $ 87,397 11.86 % $ 33,170 4.50 % $ 47,913 6.50 % Total Capital (to Risk Weighted Assets) 96,612 13.11 % 58,970 8.00 % 73,712 10.00 % Tier I Capital (to Risk Weighted Assets) 87,397 11.86 % 44,227 6.00 % 58,970 8.00 % Tier I Capital (to Average Assets) 87,397 10.97 % 31,865 4.00 % 39,832 5.00 % As of December 31, 2021: Common Equity Tier 1 (to Risk Weighted Assets) $ 83,662 13.47 % $ 27,960 4.50 % $ 40,386 6.50 % Total Capital (to Risk Weighted Assets) 91,438 14.75 % 49,706 8.00 % 62,133 10.00 % Tier I Capital (to Risk Weighted Assets) 83,662 13.47 % 37,280 6.00 % 49,706 8.00 % Tier I Capital (to Average Assets) 83,662 10.77 % 31,070 4.00 % 38,837 5.00 %

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
Related Party Transactions (Tables)	Dec. 31, 2022
Related Party Transactions [Abstract]
Summary of Activity for Related Party Loans	The following is a summary of activity for related party loans: (in thousands). For Year Ended For Year Ended Beginning balance $ 327 $ 927 Change in directors ( 257 ) — Loans advanced 434 3 Repayments ( 88 ) ( 603 ) Ending balance $ 416 $ 327

Commitments (Tables)

Commitments (Tables)	12 Months Ended
Commitments (Tables)	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Financial Instruments Contract Amounts Represent Credit Risk	In most cases, the Bank requires collateral or other security to support financial instruments with credit risk. December 31, December 31, Financial instruments whose contract amounts Commitments to extend credit $ 90,297 $ 69,826 Letters of credit 8 26

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	12 Months Ended
Fair Value Measurements and Disclosures (Tables)	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on Nonrecurring Basis	Assets measured at fair value on a nonrecurring basis are included in the table below as of December 31, 2022 and 2021 (in thousands). December 31, 2022 Level 1 Level 2 Level 3 Total Other real estate owned $ — $ — $ 2,901 $ 2,901 Impaired loans — — 5,659 5,659 Total assets at fair value $ — $ — $ 8,560 $ 8,560 December 31, 2021 Level 1 Level 2 Level 3 Total Other real estate owned $ — $ — $ 3,538 $ 3,538 Impaired loans — — 7,221 7,221 Total assets at fair value $ — $ — $ 10,759 $ 10,759
Schedule of Carrying Amounts and Estimated Fair Values of Company's Financial Instruments	The carrying amounts and estimated fair values (in thousands) of the Company’s financial instruments at December 31, 2022 and 2021 are as follows: December 31, 2022 December 31, 2021 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets: Cash and cash equivalents $ 26,324 $ 26,324 $ 111,776 $ 111,776 Investment securities available-for-sale 46,200 46,200 48,557 48,557 held-to-maturity 26,527 26,251 — — Other investments 1,082 1,082 2,476 2,476 Loans, net 636,909 611,687 575,825 581,541 Bank owned life insurance 15,724 15,724 15,377 15,377 Financial liabilities: Deposits 657,172 653,577 612,796 603,039 FHLB advances and other borrowings 10,025 10,025 48,988 48,197

Condensed Parent Company Only_2

Condensed Parent Company Only Financial Information (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Summary of Financial Information	A condensed summary of Affinity Bancshares, Inc.’s financial information is shown. Parent Only Condensed Balance Sheets December 31, December 31, 2022 2021 Assets Cash in bank subsidiary $ 10,233 $ 11,222 Investment in subsidiary, at underlying equity 100,314 103,188 Loan receivable - ESOP 5,292 5,446 Other assets 1,374 1,279 Total assets $ 117,213 $ 121,135 Liabilities and Stockholders' Equity Liabilities : Other liabilities $ 110 $ 167 Total liabilities 110 167 Stockholders' equity: Total stockholders' equity 117,103 120,968 Total liabilities and stockholders' equity $ 117,213 $ 121,135 Parent Only Condensed Statements of Income Year Ended Year Ended December 31, December 31, 2022 2021 Interest income: Income on ESOP loan $ 177 $ 177 Total interest income 177 177 Interest expense: Interest expense on borrowings — 10 Total interest expense — 10 Net interest income 177 167 Noninterest expenses: Other noninterest expense 555 537 Loss before income taxes ( 378 ) ( 370 ) Income tax benefit 95 227 Loss before equity in undistributed earnings of Bank ( 283 ) ( 143 ) Equity in undistributed earnings of Bank 7,417 7,716 Net income $ 7,134 $ 7,573 Parent Only Condensed Statements of Cash Flows Year Ended Year Ended December 31, December 31, 2022 2021 Cash flows from operating activities: Net income $ 7,134 $ 7,573 Adjustments to reconcile net income to net cash used in operating activities Equity in undistributed earnings of Bank ( 7,417 ) ( 7,716 ) Other ( 328 ) ( 311 ) Net cash used in operating activities ( 611 ) ( 454 ) Cash flows from investing activities: Payments from ESOP loan 331 131 Capital injection into the Bank — ( 16,267 ) Net cash provided by (used in) investing activities 331 ( 16,136 ) Cash flows from financing activities: Proceeds from stock offering — 37,108 Stock offering expenses — ( 1,699 ) Funding of ESOP — ( 2,961 ) Stock Repurchase ( 5,709 ) — Repay other borrowings — ( 5,000 ) Dividend from Bank 5,000 — Net cash (used in) provided by financing activities ( 709 ) 27,448 Net change in cash and cash equivalents ( 989 ) 10,858 Cash and cash equivalents at beginning of period 11,222 364 Cash and cash equivalents at end of period $ 10,233 $ 11,222

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2023	Jan. 01, 2022	Sep. 30, 2020
Summary Of Significant Accounting Policies [Line Items]
Basic earnings per share	$ 1.07	$ 1.10
Diluted earnings per share	$ 1.06	$ 1.09
Net earnings	$ 7,134,000	$ 7,573,000
Weighted average common shares outstanding, basic	6,669,389	6,911,576
Weighted average common shares outstanding, diluted	6,761,771	6,969,402
Operating lease right-of-use assets	$ 2,216,000
Operating lease liabilities	2,697,000
Retained earnings	$ 65,357,000	$ 58,223,000
Unfunded Commmitments \| Subsequent Event
Summary Of Significant Accounting Policies [Line Items]
Retained earnings			$ 437,000
ASU 2016-02
Summary Of Significant Accounting Policies [Line Items]
Operating lease right-of-use assets				$ 2,700,000
Operating lease liabilities				$ 2,700,000
Change in accounting principle, accounting standards update, adopted	true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Jan. 01, 2022
Community First Bancshares, MHC
Summary Of Significant Accounting Policies [Line Items]
Common stock ownership percentage					54%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Estimated Useful for Premises and Equipment (Details)	12 Months Ended
	Dec. 31, 2022
Equipment and Furniture \| Minimum
Property Plant And Equipment [Line Items]
Estimated useful lives for premises and equipment	3 years
Equipment and Furniture \| Maximum
Property Plant And Equipment [Line Items]
Estimated useful lives for premises and equipment	10 years
Buildings
Property Plant And Equipment [Line Items]
Estimated useful lives for premises and equipment	40 years
Automobile
Property Plant And Equipment [Line Items]
Estimated useful lives for premises and equipment	5 years

Investment Securities - Schedul

Investment Securities - Schedule of Investment Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	$ 55,109	$ 49,037
Investment securities available-for-sale, Gross Unrealized Gains	5	225
Investment securities available-for-sale, Gross Unrealized Losses	(8,914)	(705)
Investment securities available-for-sale, Estimated Fair Value	46,200	48,557
U.S. Treasury Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	6,084	5,068
Investment securities available-for-sale, Gross Unrealized Gains		5
Investment securities available-for-sale, Gross Unrealized Losses	(776)	(23)
Investment securities available-for-sale, Estimated Fair Value	5,308	5,050
Municipal Securities - Tax Exempt
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	533	540
Investment securities available-for-sale, Gross Unrealized Losses	(96)	(4)
Investment securities available-for-sale, Estimated Fair Value	437	536
Municipal Securities - Taxable
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	2,529	796
Investment securities available-for-sale, Gross Unrealized Losses	(485)	(6)
Investment securities available-for-sale, Estimated Fair Value	2,044	790
U.S. Government Sponsored Enterprises
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	11,837	11,837
Investment securities available-for-sale, Gross Unrealized Losses	(3,499)	(295)
Investment securities available-for-sale, Estimated Fair Value	8,338	11,542
Government Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	20,555	21,371
Investment securities available-for-sale, Gross Unrealized Gains		200
Investment securities available-for-sale, Gross Unrealized Losses	(3,053)	(232)
Investment securities available-for-sale, Estimated Fair Value	17,502	21,339
Corporate Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	13,571	9,425
Investment securities available-for-sale, Gross Unrealized Gains	5	20
Investment securities available-for-sale, Gross Unrealized Losses	(1,005)	(145)
Investment securities available-for-sale, Estimated Fair Value	$ 12,571	$ 9,300

Investment Securities - Sched_2

Investment Securities - Schedule of Investment Securities Held-to-Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	$ 26,527	$ 0
Investment securities held -to-maturity, Gross Unrealized Gain	4
Investment securities held -to-maturity, Gross Unrealized Losses	(280)
Investment securities held-to-maturity, Estimated Fair Value	26,251
U.S. Treasury Bonds
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	998
Investment securities held-to-maturity, Estimated Fair Value	998
Government Agency Mortgage-Backed Securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	837
Investment securities held -to-maturity, Gross Unrealized Losses	(13)
Investment securities held-to-maturity, Estimated Fair Value	824
Corporate Securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	24,692
Investment securities held -to-maturity, Gross Unrealized Gain	4
Investment securities held -to-maturity, Gross Unrealized Losses	(267)
Investment securities held-to-maturity, Estimated Fair Value	$ 24,429

Investment Securities - Additio

Investment Securities - Additional Information (Details)	12 Months Ended
Investment Securities - Additional Information (Details)	Dec. 31, 2022 USD ($) Security	Dec. 31, 2021 USD ($) Security
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost \| $	$ 26,527,000	$ 0
Number of available-for-sale securities in unrealized loss position less than 12 months	31
Available-for-sale securities in unrealized loss position less than 12 months \| $	$ 808,000
Number of available-for-sale securities in unrealized loss position 12 months or greater	36
Available-for-sale securities in unrealized loss position 12 months or greater \| $	$ 8,100,000
Sales of available-for-sale securities	0	0
Number of held-to-maturity securities in unrealized loss position less than 12 months	9
Held-to-maturity securities in unrealized loss position less than 12 months \| $	$ 280,000
Number of held-to-maturity securities in unrealized loss position 12 months or greater	0
Carrying value of available-for-sale securities pledged to secure public deposits \| $	$ 46,200,000	$ 48,557,000
Collateral Pledged
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Carrying value of available-for-sale securities pledged to secure public deposits \| $	$ 4,700,000	$ 2,800,000
U.S. Treasury Bonds
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	5
U.S. Agency Bonds
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	4
Government Agency Mortgage-Backed Securities
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	37
U.S. Government Sponsored Agencies
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	2
Municipal Securities
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	4
Trust Preferred Securities or Subordinated Debentures
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	15

Investment Securities - Sched_3

Investment Securities - Schedule of Amortized Cost and Estimated Fair Value of Investment Securities Available-for-Sale and Held to Maturity by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, within 1 year, Amortized Cost	$ 977
Investment securities available-for-sale, Greater than 1 to 5 years, Amortized Cost	3,055
Investment securities available-for-sale, Greater than 5 to 10 years, Amortized Cost	18,424
Investment securities available-for-sale, Greater than 10 years, Amortized Cost	12,098
Investment securities available-for-sale, Amortized Cost	55,109	$ 49,037
Investment securities available-for-sale, within 1 year, Estimated Fair Value	977
Investment securities available-for-sale, Greater than 1 to 5 years, Estimated Fair Value	3,027
Investment securities available-for-sale, Greater than 5 to 10 years, Estimated Fair Value	16,096
Investment securities available-for-sale, Greater than10 years, Estimated Fair Value	8,598
Investment securities available-for-sale, Estimated Fair Value	46,200	48,557
Investment securities held to maturity, Greater than 1 to 5 years, Amortized Cost	14,899
Investment securities held to maturity, Greater than 5 to 10 years, Amortized Cost	10,791
Investment securities held to maturity, Amortized Cost	26,527
Investment securities held to maturity, Greater than 1 to 5 years, Estimated Fair Value	14,739
Investment securities held to maturity, Greater than 5 to 10 years, Estimated Fair Value	10,688
Investment securities held to maturity, Estimated Fair Value	26,251
Debt Securities excluding Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	34,554
Investment securities available-for-sale, Estimated Fair Value	28,698
Investment securities held to maturity, Amortized Cost	25,690
Investment securities held to maturity, Estimated Fair Value	25,427
Government Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	20,555	21,371
Investment securities available-for-sale, Estimated Fair Value	17,502	$ 21,339
Investment securities held to maturity, Amortized Cost	837
Investment securities held to maturity, Estimated Fair Value	$ 824

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Summary of Major Classifications of Loans (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans And Leases Receivable Disclosure [Line Items]
Total loans, gross		$ 646,234	$ 584,384
Less allowance for loan losses		(9,325)	(8,559)	$ (6,361)
Total loans, net		636,909	575,825
Commercial (Secured by Real Estate - Owner Occupied)
Loans And Leases Receivable Disclosure [Line Items]
Total loans, gross		162,989	158,662
Less allowance for loan losses		(2,403)	(2,701)	(1,913)
Commercial (Secured by Real Estate - Non-owner Occupied)
Loans And Leases Receivable Disclosure [Line Items]
Total loans, gross		135,720	104,042
Less allowance for loan losses		(2,079)	(1,980)	(1,171)
Commercial and Industrial
Loans And Leases Receivable Disclosure [Line Items]
Total loans, gross	[1]	147,775	170,718
Construction, Land and Acquisition & Development
Loans And Leases Receivable Disclosure [Line Items]
Total loans, gross		37,158	16,317
Less allowance for loan losses		(487)	(162)	(224)
Residential Mortgage 1-4 Family
Loans And Leases Receivable Disclosure [Line Items]
Total loans, gross		51,324	63,065
Consumer Installment
Loans And Leases Receivable Disclosure [Line Items]
Total loans, gross		111,268	71,580
Less allowance for loan losses		$ (1,675)	$ (969)	$ (719)

[1] * Includes $ 5,000 and $ 17.9 million in PPP loans as of December 31, 2022 and 2021

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Summary of Major Classifications of Loans (Parenthetical) (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Commercial and Industrial
Loans And Leases Receivable Disclosure [Line Items]
Paycheck protection program loans	$ 5,000	$ 17,900,000

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Additional Information (Details)	Dec. 31, 2022 USD ($) Loan	Dec. 31, 2021 USD ($) Loan	Dec. 31, 2020 USD ($)
Financing Receivable Recorded Investment Past Due [Line Items]
Dental practice loans	$ 646,234,000	$ 584,384,000
Allowance for loan losses	9,325,000	8,559,000	$ 6,361,000
Modified Loan Terms
Financing Receivable Recorded Investment Past Due [Line Items]
Allowance for loan losses	90,000	$ 6,000
90 Days or Greater Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Dental practice loans	$ 249,000
Number of loans past due over 90 days and still accruing interest \| Loan	1	0
Residential Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Dental practice loans	$ 51,324,000	$ 63,065,000
Allowance for loan losses	345,000	502,000	$ 970,000
Residential Mortgage \| 90 Days or Greater Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Dental practice loans	249,000
Dental Practice Loans
Financing Receivable Recorded Investment Past Due [Line Items]
Dental practice loans	$ 185,100,000	$ 179,800,000
Dental practice loans in percentage	28.60%	30.60%

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Summary of Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Allowance for loan losses:
Beginning balance	$ 8,559	$ 6,361
Provision	704	1,075
Charge-offs	(149)	(310)
Recoveries	211	1,433
Ending balance	9,325	8,559
Ending allowance attributable to loans:
Individually evaluated for impairment	90	7
Collectively evaluated for impairment	9,235	8,552
Ending balance	9,325	8,559
Loans:
Individually evaluated for impairment	5,749	7,228
Collectively evaluated for impairment	640,485	577,156
Total loans	646,234	584,384
Commercial (Secured by Real Estate - Owner Occupied)
Allowance for loan losses:
Beginning balance	2,701	1,913
Provision	(421)	(519)
Recoveries	123	1,307
Ending balance	2,403	2,701
Ending allowance attributable to loans:
Individually evaluated for impairment	85
Collectively evaluated for impairment	2,318	2,701
Ending balance	2,403	2,701
Loans:
Individually evaluated for impairment	85	95
Collectively evaluated for impairment	162,904	158,567
Total loans	162,989	158,662
Commercial (Secured by Real Estate - Non-owner Occupied)
Allowance for loan losses:
Beginning balance	1,980	1,171
Provision	99	809
Ending balance	2,079	1,980
Ending allowance attributable to loans:
Individually evaluated for impairment	1	1
Collectively evaluated for impairment	2,078	1,979
Ending balance	2,079	1,980
Loans:
Individually evaluated for impairment	3,265	3,387
Collectively evaluated for impairment	132,455	100,655
Total loans	135,720	104,042
Commercial and Industrial
Allowance for loan losses:
Beginning balance	2,242	1,320
Provision	(55)	1,119
Charge-offs	26	(234)
Recoveries	21	37
Ending balance	2,292	2,242
Ending allowance attributable to loans:
Individually evaluated for impairment		1
Collectively evaluated for impairment	2,292	2,241
Ending balance	2,292	2,242
Loans:
Individually evaluated for impairment		753
Collectively evaluated for impairment	147,775	169,965
Total loans	147,775	170,718
Construction, Land and Acquisition & Development
Allowance for loan losses:
Beginning balance	162	224
Provision	325	(62)
Ending balance	487	162
Ending allowance attributable to loans:
Collectively evaluated for impairment	487	162
Ending balance	487	162
Loans:
Collectively evaluated for impairment	37,158	16,317
Total loans	37,158	16,317
Residential Mortgage
Allowance for loan losses:
Beginning balance	502	970
Provision	(196)	(541)
Recoveries	39	73
Ending balance	345	502
Ending allowance attributable to loans:
Individually evaluated for impairment	4	5
Collectively evaluated for impairment	341	497
Ending balance	345	502
Loans:
Individually evaluated for impairment	2,399	2,992
Collectively evaluated for impairment	48,925	60,073
Total loans	51,324	63,065
Consumer Installment
Allowance for loan losses:
Beginning balance	969	719
Provision	801	310
Charge-offs	(123)	(76)
Recoveries	28	16
Ending balance	1,675	969
Ending allowance attributable to loans:
Collectively evaluated for impairment	1,675	969
Ending balance	1,675	969
Loans:
Individually evaluated for impairment		1
Collectively evaluated for impairment	111,268	71,579
Total loans	111,268	71,580
Unallocated
Allowance for loan losses:
Beginning balance	3	44
Provision	41	(41)
Ending balance	44	3
Ending allowance attributable to loans:
Collectively evaluated for impairment	44	3
Ending balance	$ 44	$ 3

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Summary of Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable Impaired [Line Items]
Recorded Investment, With no related allowance recorded	$ 4,615	$ 5,735
Unpaid Principal Balance, With no related allowance recorded	4,615	5,768
Average Recorded Investment, With no related allowance recorded	4,741	5,848
Interest Income Recognized, With no related allowance recorded	5	82
Recorded Investment, With an allowance recorded	1,134	1,493
Unpaid Principal Balance, With an allowance recorded	1,134	1,495
Allocated Related Allowance, With an allowance recorded	90	7
Average Recorded Investment, With an allowance recorded	1,179	1,531
Interest Income Recognized, With an allowance recorded	34	72
Total impaired loans, Recorded Investment	5,749	7,228
Total impaired loans, Unpaid Principal Balance	5,749	7,263
Total impaired loans, Allocated Related Allowance	90	7
Total impaired loans, Average Recorded Investment	5,920	7,379
Total impaired loans, Interest Income Recognized	39	154
Commercial (Secured by Real Estate - Owner Occupied)
Financing Receivable Impaired [Line Items]
Recorded Investment, With no related allowance recorded		95
Unpaid Principal Balance, With no related allowance recorded		95
Average Recorded Investment, With no related allowance recorded		100
Interest Income Recognized, With no related allowance recorded		6
Recorded Investment, With an allowance recorded	85
Unpaid Principal Balance, With an allowance recorded	85
Allocated Related Allowance, With an allowance recorded	85
Average Recorded Investment, With an allowance recorded	90
Interest Income Recognized, With an allowance recorded	4
Commercial (Secured by Real Estate - Non-owner Occupied)
Financing Receivable Impaired [Line Items]
Recorded Investment, With no related allowance recorded	3,089	3,199
Unpaid Principal Balance, With no related allowance recorded	3,089	3,199
Average Recorded Investment, With no related allowance recorded	3,145	3,177
Interest Income Recognized, With no related allowance recorded		45
Recorded Investment, With an allowance recorded	176	188
Unpaid Principal Balance, With an allowance recorded	176	189
Allocated Related Allowance, With an allowance recorded	1	1
Average Recorded Investment, With an allowance recorded	182	192
Interest Income Recognized, With an allowance recorded	8	12
Commercial and Industrial
Financing Receivable Impaired [Line Items]
Recorded Investment, With no related allowance recorded		388
Unpaid Principal Balance, With no related allowance recorded		421
Average Recorded Investment, With no related allowance recorded		458
Recorded Investment, With an allowance recorded		365
Unpaid Principal Balance, With an allowance recorded		365
Allocated Related Allowance, With an allowance recorded		1
Average Recorded Investment, With an allowance recorded		379
Residential Mortgage
Financing Receivable Impaired [Line Items]
Recorded Investment, With no related allowance recorded	1,526	2,052
Unpaid Principal Balance, With no related allowance recorded	1,526	2,052
Average Recorded Investment, With no related allowance recorded	1,596	2,110
Interest Income Recognized, With no related allowance recorded	5	31
Recorded Investment, With an allowance recorded	873	940
Unpaid Principal Balance, With an allowance recorded	873	941
Allocated Related Allowance, With an allowance recorded	4	5
Average Recorded Investment, With an allowance recorded	907	960
Interest Income Recognized, With an allowance recorded	$ 22	60
Consumer Installment
Financing Receivable Impaired [Line Items]
Recorded Investment, With no related allowance recorded		1
Unpaid Principal Balance, With no related allowance recorded		1
Average Recorded Investment, With no related allowance recorded		$ 3

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Summary of Recorded Investment in Past Due Loans, as Well as Nonaccrual Loans (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment Past Due [Line Items]
Total	$ 646,234,000	$ 584,384,000
Nonaccrual	6,720,000	7,011,000
30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	2,997,000	4,156,000
60- 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	592,000	1,173,000
90 Days or Greater Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	249,000
Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	3,838,000	5,329,000
Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	635,676,000	572,044,000
Commercial (Secured by Real Estate - Owner Occupied)
Financing Receivable Recorded Investment Past Due [Line Items]
Total	162,989,000	158,662,000
Nonaccrual	85,000
Commercial (Secured by Real Estate - Owner Occupied) \| Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	162,904,000	158,662,000
Commercial (Secured by Real Estate - Non-owner Occupied)
Financing Receivable Recorded Investment Past Due [Line Items]
Total	135,720,000	104,042,000
Nonaccrual	3,312,000	3,200,000
Commercial (Secured by Real Estate - Non-owner Occupied) \| Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	132,408,000	100,842,000
Commercial and Industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Total	147,775,000	170,718,000
Nonaccrual	3,000	813,000
Commercial and Industrial \| 30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total		338,000
Commercial and Industrial \| Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total		338,000
Commercial and Industrial \| Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	147,772,000	169,567,000
Construction, Land and Acquisition & Development
Financing Receivable Recorded Investment Past Due [Line Items]
Total	37,158,000	16,317,000
Construction, Land and Acquisition & Development \| 30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	85,000
Construction, Land and Acquisition & Development \| Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	85,000
Construction, Land and Acquisition & Development \| Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	37,073,000	16,317,000
Residential Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Total	51,324,000	63,065,000
Nonaccrual	3,185,000	2,873,000
Residential Mortgage \| 30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	2,341,000	3,547,000
Residential Mortgage \| 60- 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	533,000	1,148,000
Residential Mortgage \| 90 Days or Greater Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	249,000
Residential Mortgage \| Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	3,123,000	4,695,000
Residential Mortgage \| Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	45,016,000	55,497,000
Consumer Installment
Financing Receivable Recorded Investment Past Due [Line Items]
Total	111,268,000	71,580,000
Nonaccrual	135,000	125,000
Consumer Installment \| 30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	571,000	271,000
Consumer Installment \| 60- 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	59,000	25,000
Consumer Installment \| Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	630,000	296,000
Consumer Installment \| Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	$ 110,503,000	$ 71,159,000

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Summary of Troubled Debt Restructurings (Details) - Residential Mortgage $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) Contract
Financing Receivable Modifications [Line Items]
Number of Contracts \| Contract	1
Pre-Modification Outstanding Recorded Investment	$ 71
Post-Modification Outstanding Recorded Investment	$ 71

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Summary of Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Composition Of Loan Portfolio [Line Items]
Total	$ 646,234	$ 584,384
Pass
Composition Of Loan Portfolio [Line Items]
Total	636,828	572,932
Special Mention
Composition Of Loan Portfolio [Line Items]
Total	2,739	3,054
Substandard
Composition Of Loan Portfolio [Line Items]
Total	6,667	8,398
Commercial (Secured by Real Estate - Owner Occupied)
Composition Of Loan Portfolio [Line Items]
Total	162,989	158,662
Commercial (Secured by Real Estate - Owner Occupied) \| Pass
Composition Of Loan Portfolio [Line Items]
Total	162,541	158,272
Commercial (Secured by Real Estate - Owner Occupied) \| Special Mention
Composition Of Loan Portfolio [Line Items]
Total	362	390
Commercial (Secured by Real Estate - Owner Occupied) \| Substandard
Composition Of Loan Portfolio [Line Items]
Total	86
Commercial (Secured by Real Estate - Non-owner Occupied)
Composition Of Loan Portfolio [Line Items]
Total	135,720	104,042
Commercial (Secured by Real Estate - Non-owner Occupied) \| Pass
Composition Of Loan Portfolio [Line Items]
Total	130,115	98,269
Commercial (Secured by Real Estate - Non-owner Occupied) \| Special Mention
Composition Of Loan Portfolio [Line Items]
Total	2,293	2,352
Commercial (Secured by Real Estate - Non-owner Occupied) \| Substandard
Composition Of Loan Portfolio [Line Items]
Total	3,312	3,421
Commercial and Industrial
Composition Of Loan Portfolio [Line Items]
Total	147,775	170,718
Commercial and Industrial \| Pass
Composition Of Loan Portfolio [Line Items]
Total	147,772	169,866
Commercial and Industrial \| Substandard
Composition Of Loan Portfolio [Line Items]
Total	3	852
Construction, Land and Acquisition & Development
Composition Of Loan Portfolio [Line Items]
Total	37,158	16,317
Construction, Land and Acquisition & Development \| Pass
Composition Of Loan Portfolio [Line Items]
Total	37,158	16,005
Construction, Land and Acquisition & Development \| Special Mention
Composition Of Loan Portfolio [Line Items]
Total		312
Residential Mortgage
Composition Of Loan Portfolio [Line Items]
Total	51,324	63,065
Residential Mortgage \| Pass
Composition Of Loan Portfolio [Line Items]
Total	48,193	59,080
Residential Mortgage \| Substandard
Composition Of Loan Portfolio [Line Items]
Total	3,131	3,985
Consumer Installment
Composition Of Loan Portfolio [Line Items]
Total	111,268	71,580
Consumer Installment \| Pass
Composition Of Loan Portfolio [Line Items]
Total	111,049	71,440
Consumer Installment \| Special Mention
Composition Of Loan Portfolio [Line Items]
Total	84
Consumer Installment \| Substandard
Composition Of Loan Portfolio [Line Items]
Total	$ 135	$ 140

Premises and Equipment - Summar

Premises and Equipment - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Premises and equipment, gross	$ 9,636	$ 8,300
Less: Accumulated depreciation	5,379	4,517
Premises and equipment, net	4,257	3,783
Land
Property Plant And Equipment [Line Items]
Premises and equipment, gross	373	373
Buildings
Property Plant And Equipment [Line Items]
Premises and equipment, gross	4,336	4,280
Leasehold Improvements
Property Plant And Equipment [Line Items]
Premises and equipment, gross	912	535
Equipment and Furniture
Property Plant And Equipment [Line Items]
Premises and equipment, gross	3,663	2,755
Construction in Process
Property Plant And Equipment [Line Items]
Premises and equipment, gross	286	291
Automobile
Property Plant And Equipment [Line Items]
Premises and equipment, gross	$ 66	$ 66

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 905,000	$ 950,000

Intangible Assets Additional In

Intangible Assets Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible asset gross carrying amount	$ 1,900,000	$ 1,900,000
Accumulated amortization	574,000	383,000
Aggregate amortization expense	191,000	191,000
Goodwill acquired acquisition	17,200,000	17,200,000
Impairment of goodwill	0	0
Impairment loss	$ 0	$ 0

Intangible Assets - Schedule of

Intangible Assets - Schedule of Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 191
2024	191
2025	191
2026	191
2027	191
Thereafter	384
Total	$ 1,339

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	12 Months Ended
Leases - Additional Information (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Option to extend	terms extending through 2027
Option to extend [true false]	true
Operating lease expiration year	2027
Operating lease cost	$ 531,000
Weighted average remaining lease term	4 years 6 months 14 days
Weighted average discount rate	1.88%
Rent expense		$ 663,000
ASU 2016-02
Lessee, Lease, Description [Line Items]
Change in Accounting Principle, Accounting Standards Update, Early Adoption [true false]	true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Jan. 01, 2022

Leases - Schedule of Consolidat

Leases - Schedule of Consolidated Balance Sheet Classification of ROU Assets and Liabilities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Assets [Abstract]
Operating lease right-of-use assets	$ 2,216
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets
Liabilities [Abstract]
Operating lease liabilities	$ 2,697
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities

Leases - Summary of Future Matu

Leases - Summary of Future Maturities of Operating lease Liabilities and Other Lease Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 586
2024	610
2025	627
2026	645
2027	351
Total lease payments	2,819
Less: interest	122
Present value of lease liabilities	2,697
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (cash payments)	427
Operating lease right-of-use assets obtained in exchange for leases entered into during the period	$ 285

Deposits - Summary of Contractu

Deposits - Summary of Contractual Maturities of Certificate of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
2023	$ 43,763
2024	19,239
2025	47,363
2026	4,912
2027	5,987
Thereafter	4,725
Total	$ 125,989	$ 96,758

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($)	12 Months Ended
Deposits - Additional Information (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
Time certificates of deposit in denomination of $250,000 or more	$ 26,400,000	$ 22,600,000
Brokered certificate of deposit	$ 34,900,000	$ 0
Brokered certificate of deposit, weighted average rate	4.50%
Brokered certificate of deposit, weighted average maturity	34 months
Cash, FDIC insured amount	$ 250,000

Borrowings - Additional Informa

Borrowings - Additional Information (Details)	12 Months Ended
Borrowings - Additional Information (Details)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) Advance	Jan. 31, 2022 USD ($)
Line Of Credit Facility [Line Items]
Prepayment penalties	$ 647,000
Federal Reserve Bank of Atlanta Discount Window
Line Of Credit Facility [Line Items]
Line of credit	75,000,000	62,000,000
Line of credit amount outstanding	0	0
Line of credit facility, secured loans	111,600,000	$ 115,200,000
Federal Home Loan Bank of Atlanta
Line Of Credit Facility [Line Items]
Number of FHLB advances outstanding \| Advance		6
Fair value adjustment		$ 1,000,000	$ 1,000,000
FHLB advances repaid period		2022-01
Prepayment penalties		$ 647,000
Federal Home Loan Bank of Atlanta \| May 23, 2019
Line Of Credit Facility [Line Items]
Advances from FHLB		$ 8,000,000
Advances from FHLB, rate		convertible
Advances from FHLB, call feature		May 23, 2022
Advances from FHLB, borrowed date		May 23, 2019
Advances from FHLB, maturity date		May 23, 2029
FHLB advances, interest rate		2.40%
Federal Home Loan Bank of Atlanta \| October 25, 2019
Line Of Credit Facility [Line Items]
Advances from FHLB		$ 5,000,000
Advances from FHLB, rate		convertible
Advances from FHLB, call feature		November 29, 2022
Advances from FHLB, borrowed date		Nov. 29, 2019
Advances from FHLB, maturity date		Oct. 25, 2029
FHLB advances, interest rate		2.66%
Federal Home Loan Bank of Atlanta \| December 17 , 2029
Line Of Credit Facility [Line Items]
Advances from FHLB		$ 5,000,000
Advances from FHLB, rate		convertible
Advances from FHLB, call feature		March 17, 2022
Advances from FHLB, borrowed date		Dec. 16, 2019
Advances from FHLB, maturity date		Dec. 17, 2029
FHLB advances, interest rate		2.37%
Federal Home Loan Bank of Atlanta \| January 21, 2026
Line Of Credit Facility [Line Items]
Advances from FHLB		$ 10,000,000
Advances from FHLB, rate		fixed
Advances from FHLB, borrowed date		Jan. 21, 2021
Advances from FHLB, maturity date		Jan. 21, 2026
FHLB advances, interest rate		0.68%
Federal Home Loan Bank of Atlanta \| March 8, 2024
Line Of Credit Facility [Line Items]
Advances from FHLB		$ 10,000,000
Advances from FHLB, rate		fixed
Advances from FHLB, borrowed date		Mar. 08, 2021
Advances from FHLB, maturity date		Mar. 08, 2024
FHLB advances, interest rate		0.54%
Federal Home Loan Bank of Atlanta \| May 2, 2025
Line Of Credit Facility [Line Items]
Advances from FHLB		$ 10,000,000
Advances from FHLB, rate		fixed
Advances from FHLB, borrowed date		May 02, 2021
Advances from FHLB, maturity date		May 02, 2025
FHLB advances, interest rate		0.76%
FHLB
Line Of Credit Facility [Line Items]
Line of credit	81,800,000	$ 44,700,000
Fixed rate advance outstanding	10,000,000
Advances from FHLB collateralized by certain loans	$ 384,400,000	343,600,000
FHLB advances, interest rate	4.23%
Investment in FHLB stock	$ 832,000	2,200,000
Line of credit amount outstanding	$ 12,500,000	8,000,000
FHLB advances maturity date	2023
Unsecured Federal Funds
Line Of Credit Facility [Line Items]
Line of credit	$ 32,500,000	32,500,000
Line of credit amount outstanding	$ 25,000	$ 25,000

Income Taxes - Summary of Compo

Income Taxes - Summary of Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Current	$ 1,913	$ 2,565
Deferred expense (benefit)	280	(227)
Income tax expense	$ 2,193	$ 2,338

Income Taxes - Schedule of Diff

Income Taxes - Schedule of Difference Between Income Tax Expense and Amount Computed by Applying Statutory Federal Income Taxes Rate to Income Before Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Statutory Federal tax rate	21%	21%
Pretax income at statutory rate	$ 1,959	$ 2,082
State income tax, net of federal benefit	257	265
Cash surrender value of life insurance	(73)	(117)
Permanent adjustments	13	41
Other	37	67
Income tax expense	$ 2,193	$ 2,338

Income Taxes - Schedule of Di_2

Income Taxes - Schedule of Difference Between Income Tax Expense and Amount Computed by Applying Statutory Federal Income Taxes Rate to Income Before Taxes (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percentage	23.60%	24%

Income Taxes - Schedule of Net

Income Taxes - Schedule of Net Deferred Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred income tax assets:
Allowance for loan losses	$ 2,382	$ 2,195
Deferred compensation	682	775
Net operating losses	1,686	1,849
Unrealized loss on investment securities available-for-sale	2,254	122
Fair value adjustments	180	522
Right-of -use liability	689
Other	205	182
Total deferred income tax assets	8,078	5,645
Deferred income tax liabilities:
Core deposit intangible	342	391
Premises and equipment	492	498
Right-of -use asset	649
Other	110	123
Total deferred income tax liabilities	1,593	1,012
Net deferred income tax asset	$ 6,485	$ 4,633

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Line Items]
Deferred federal income tax liability	$ 1,593,000	$ 1,012,000
Federal
Income Taxes [Line Items]
Deferred federal income tax liability	0
Retained Earnings
Income Taxes [Line Items]
Deferred tax liabilities, tax deferred income	$ 3,600,000

Employee Stock Ownership Plan -

Employee Stock Ownership Plan - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Jan. 31, 2021	Dec. 31, 2017
Share-Based Payment Arrangement [Abstract]
Note payable balance of ESOP	$ 5.3	$ 5.4	$ 3	$ 3
Shares purchased by ESOP			225,721	295,499
ESOP released shares	80,000	59,000

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Details) - USD ($)	12 Months Ended
Benefit Plans - Additional Information (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Contributions by employer on retirement benefits	$ 0	$ 0
Deferred compensation plan	2,000,000	2,400,000	$ 0
401 K
Defined Benefit Plan Disclosure [Line Items]
Matching contributions to the plan	183,000	161,000
Supplemental Executive Retirement Plan
Defined Benefit Plan Disclosure [Line Items]
Monthly benefit obligation	$ 8,333
Retirement plan description	If the executive dies after benefit payments have commenced but before receiving a total of 180 monthly payments, the Company shall pay to the executive’s beneficiary the greater of (i) the account balance or (ii) the present value of the remaining payments to satisfy a total of 180 monthly payments. Such death benefit shall be payable in a lump sum no later than 60 days from the date of death. If the executive dies after receiving 180 or more benefit payments, the SERP will terminate and no additional payments will be made.
Defined benefit plan related expense	$ 21,000	$ 20,000
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Labor and Related Expense	Labor and Related Expense
Defined benefit plan earnings	$ 0	$ 4,000
Supplemental Executive Retirement Plan \| Other Liabilities
Defined Benefit Plan Disclosure [Line Items]
Accrued liability for defined benefit plan	480,000	459,000
Supplemental Executive Retirement Plan \| Other Assets
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan carrying value	$ 956,000	$ 956,000

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans - Additional Information (Details)	1 Months Ended	12 Months Ended
	May 31, 2022 shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Jan. 20, 2021	Aug. 31, 2018 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of stock option grants		221,500	13,454
Weighted Average Exercise Price, Granted \| $ / shares		$ 14.86	$ 13.09
Common stock exchange ratio				0.90686
Stock-based compensation expense \| $		$ 742,000	$ 410,000
Unrecognized compensation cost related to equity award grants \| $		$ 3,300,000
Unrecognized compensation cost expected remaining vesting period		2 years 11 months 4 days
Dividend yield		0%	0%
Expected volatility		32.12%	36.62%
Risk-free interest rate		2.84%	1.04%
Expected average life		7 years 3 months 25 days	7 years 6 months
Weighted average per share fair value \| $ / shares		$ 6.04	$ 5.34
Shares surrendered to satisfy applicable tax withholding requirements \| $		$ 48,000	$ 34,000
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of restricted stock grants		114,000
Weighted average grant date fair value \| $ / shares		$ 14.85
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of stock option grants		221,500
Weighted Average Exercise Price, Granted \| $ / shares		$ 14.86
2018 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock exchange ratio				0.90686
2018 Equity Incentive Plan \| Restricted Stock \| Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares approved under the plan					133,987
2018 Equity Incentive Plan \| Stock Options \| Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares approved under the plan					334,970
2022 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares approved under the plan	148,060
2022 Equity Incentive Plan \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of restricted stock grants	370,150

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award, Additional General Disclosures [Abstract]
Option Shares Outstanding, Outstanding - Beginning Balance	334,970	321,516
Option Shares Outstanding, Grants	221,500	13,454
Option Shares Outstanding - Exercise of stock options	(20,097)
Option Shares Outstanding, Forfeited	(51,854)
Option Shares Outstanding, Outstanding - Ending Balance	484,519	334,970	321,516
Option Shares Outstanding, Exercisable	149,372	102,489
Weighted Average Exercise Price, Outstanding - Beginning Balance	$ 9.90	$ 9.77
Weighted Average Exercise Price, Granted	14.86	13.09
Weighted Average Exercise Price, Exercise Of Stock Options	11.14
Weighted Average Exercise Price, Forfeited	11.64
Weighted Average Exercise Price, Outstanding - Ending Balance	12.28	9.90	$ 9.77
Weighted Average Exercise Price, Exercisable	$ 10	$ 10.28
Weighted Average Remaining Life (Years), Outstanding	8 years 5 months 12 days	7 years 9 months 18 days	8 years 7 months 6 days
Weighted Average Remaining Life (Years), Exercisable	6 years 8 months 12 days	7 years 6 months 25 days
Aggregate Intrinsic Value (in thousands), Outstanding	$ 1,522	$ 676	$ 203
Aggregate Intrinsic Value (in thousands), Exercisable	$ 741	$ 274

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans - Summary of Restricted Stock Activity (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted Shares Outstanding, Outstanding - Beginning Balance	93,336	120,123
Restricted Shares Outstanding, Granted	114,000
Restricted Shares Outstanding, Vested	(26,787)	(26,787)
Restricted Shares Outstanding, Forfeited	(11,045)
Restricted Shares Outstanding, Outstanding - Ending Balance	169,504	93,336
Weighted Average Grant Date Fair Value, Outstanding - Beginning Balance	$ 8.63	$ 8.63
Weighted Average Grant Date Fair Value, Granted	14.85
Weighted Average Grant Date Fair Value, Vested	8.90	0
Weighted Average Grant Date Fair Value, Forfeited	11.14
Weighted Average Grant Date Fair Value, Outstanding - Ending Balance	$ 11.97	$ 8.63

Stock-Based Compensation Plan_5

Stock-Based Compensation Plans - Summary of Restricted Stock Activity (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2022 shares
Restricted Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted shares applicable tax withholding requirements	3,070

Regulatory Matters - Schedule o

Regulatory Matters - Schedule of Bank's Actual Capital Amounts And Ratios (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Regulatory Matters [Abstract]
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual, Amount	$ 87,397	$ 83,662
Common Equity Tier 1 Capital (to Risk-Weighted Assets) Actual, Ratio	0.1186	0.1347
Common Equity Tier 1 Capital (to Risk-Weighted Assets) For Capital Adequacy Purposes, Amount	$ 33,170	$ 27,960
Common Equity Tier 1 Capital (to Risk-Weighted Assets) For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 47,913	$ 40,386
Common Equity Tier 1 Capital (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Total Capital (to Risk-Weighted Assets) Actual, Amount	$ 96,612	$ 91,438
Total Capital (to Risk-Weighted Assets) Actual, Ratio	0.1311	0.1475
Total Capital (to Risk-Weighted Assets) For Capital Adequacy Purposes, Amount	$ 58,970	$ 49,706
Total Capital (to Risk-Weighted Assets) For Capital Adequacy Purposes, Ratio	0.0800	0.0800
Total Capital (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 73,712	$ 62,133
Total Capital (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier I Capital (to Risk-Weighted Assets) Actual, Amount	$ 87,397	$ 83,662
Tier I Capital (to Risk-Weighted Assets) Actual, Ratio	0.1186	0.1347
Tier I Capital (to Risk-Weighted Assets) For Capital Adequacy Purposes, Amount	$ 44,227	$ 37,280
Tier I Capital (to Risk-Weighted Assets) For Capital Adequacy Purposes, Ratio	0.0600	0.0600
Tier I Capital (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 58,970	$ 49,706
Tier I Capital (to Risk-Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0800	0.0800
Tier I Capital (to Average Assets) Actual, Amount	$ 87,397	$ 83,662
Tier I Capital (to Average Assets) Actual, Ratio	0.1097	0.1077
Tier I Capital (to Average Assets) For Capital Adequacy Purposes, Amount	$ 31,865	$ 31,070
Tier I Capital (to Average Assets) For Capital Adequacy Purposes, Ratio	0.0400	0.0400
Tier I Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 39,832	$ 38,837
Tier I Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.0500

Related Party Transactions - Su

Related Party Transactions - Summary of Activity for Related Party Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Beginning balance	$ 327	$ 927
Change in directors	(257)
Loans advanced	434	3
Repayments	(88)	(603)
Ending balance	$ 416	$ 327

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Directors and Executive Officers
Related Party Transaction [Line Items]
Related party deposit liabilities	$ 6.1	$ 2.4

Commitments - Schedule of Finan

Commitments - Schedule of Financial Instruments Contract Amounts Represent Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments to Extend Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Appropriate Contract Amount	$ 90,297	$ 69,826
Letters of Credit
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Appropriate Contract Amount	$ 8	$ 26

Fair Value Measurements and D_3

Fair Value Measurements and Disclosures - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale, Estimated Fair Value	$ 46,200	$ 48,557
Fair Value, Measurements, Recurring \| Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale, Estimated Fair Value	$ 46,200	$ 48,600

Fair Value Measurements and D_4

Fair Value Measurements and Disclosures - Schedule of Assets Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impaired loans	$ 5,749	$ 7,228
Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other real estate owned	2,901	3,538
Impaired loans	5,659	7,221
Total assets at fair value	8,560	10,759
Fair Value, Measurements, Nonrecurring \| Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other real estate owned	2,901	3,538
Impaired loans	5,659	7,221
Total assets at fair value	$ 8,560	$ 10,759

Fair Value Measurements and D_5

Fair Value Measurements and Disclosures - Schedule of Carrying Amounts and Estimated Fair Values of Company's Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial assets:
Investment securities available-for-sale	$ 46,200	$ 48,557
Investment securities held-to-maturity, Estimated Fair Value	26,251
Carrying Amount
Financial assets:
Cash and cash equivalents	26,324	111,776
Investment securities available-for-sale	46,200	48,557
Investment securities held-to-maturity, Estimated Fair Value	26,527
Other investments	1,082	2,476
Loans, net	636,909	575,825
Bank owned life insurance	15,724	15,377
Financial liabilities:
Deposits	657,172	612,796
FHLB advances and other borrowings	10,025	48,988
Estimated Fair Value
Financial assets:
Cash and cash equivalents	26,324	111,776
Investment securities available-for-sale	46,200	48,557
Investment securities held-to-maturity, Estimated Fair Value	26,251
Other investments	1,082	2,476
Loans, net	611,687	581,541
Bank owned life insurance	15,724	15,377
Financial liabilities:
Deposits	653,577	603,039
FHLB advances and other borrowings	$ 10,025	$ 48,197

Condensed Parent Company Only_3

Condensed Parent Company Only Financial Information - Summary of Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash in banks	$ 2,928	$ 16,239
Other assets	12,801	8,007
Total assets	791,283	788,088
Liabilities :
Total liabilities	674,180	667,120
Stockholders' equity:
Total stockholders' equity	117,103	120,968	$ 80,785
Total liabilities and stockholders' equity	791,283	788,088
Parent
Assets
Cash in bank subsidiary	10,233	11,222
Investment in subsidiary, at underlying equity	100,314	103,188
Loan receivable - ESOP	5,292	5,446
Other assets	1,374	1,279
Total assets	117,213	121,135
Liabilities :
Other liabilities	110	167
Total liabilities	110	167
Stockholders' equity:
Total stockholders' equity	117,103	120,968
Total liabilities and stockholders' equity	$ 117,213	$ 121,135

Condensed Parent Company Only_4

Condensed Parent Company Only Financial Information - Summary of Condensed Statements of Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Total interest income	$ 32,134,000	$ 32,453,000
Interest expense:
Total interest expense	2,379,000	3,177,000
Net interest income after provision for loan losses	29,051,000	28,201,000
Noninterest expenses:
Other noninterest expense	4,312,000	3,880,000
Income before income taxes	9,327,000	9,911,000
Income tax benefit	(2,193,000)	(2,338,000)
Net income	7,134,000	7,573,000
Parent
Interest income:
Income on ESOP loan	177,000	177,000
Total interest income	177,000	177,000
Interest expense:
Borrowings		10,000
Total interest expense		10,000
Net interest income after provision for loan losses	177,000	167,000
Noninterest expenses:
Other noninterest expense	555,000	537,000
Income before income taxes	(378,000)	(370,000)
Income tax benefit	95,000	227,000
Loss before equity in undistributed earnings of Bank	(283,000)	(143,000)
Equity in undistributed earnings of Bank	7,417,000	7,716,000
Net income	$ 7,134,000	$ 7,573,000

Condensed Parent Company Only_5

Condensed Parent Company Only Financial Information - Summary of Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 7,134	$ 7,573
Adjustments to reconcile net income to net cash used in operating activities
Net cash provided by operating activities	7,569	11,851
Cash flows from investing activities:
Net cash used in investing activities	(93,722)	(9,623)
Cash flows from financing activities:
Proceeds from stock offering		37,108
Stock offering expenses		(1,699)
Funding of ESOP		(2,961)
Stock repurchase	(5,709)
Net cash provided by (used in) financing activities	701	(68,705)
Net change in cash and cash equivalents	(85,452)	(66,477)
Parent
Cash flows from operating activities:
Net income	7,134	7,573
Adjustments to reconcile net income to net cash used in operating activities
Equity in undistributed earnings of Bank	(7,417)	(7,716)
Other	(328)	(311)
Net cash provided by operating activities	(611)	(454)
Cash flows from investing activities:
Payments from ESOP loan	331	131
Capital injection into the Bank		(16,267)
Net cash used in investing activities	331	(16,136)
Cash flows from financing activities:
Proceeds from stock offering		37,108
Stock offering expenses		(1,699)
Funding of ESOP		(2,961)
Stock repurchase	(5,709)
Repay other borrowings		(5,000)
Dividend from Bank	5,000
Net cash provided by (used in) financing activities	(709)	27,448
Net change in cash and cash equivalents	(989)	10,858
Cash and cash equivalents at beginning of period	11,222	364
Cash and cash equivalents at end of period	$ 10,233	$ 11,222

Subsequent Event (Additional In

Subsequent Event (Additional Information) (Details) - Subsequent Event $ in Millions	Mar. 12, 2023 USD ($)
Subsequent Event [Line Items]
Brokered deposits under Bank Term Funding Program	$ 85.6
Average life of brokered deposits	3 years
Average interest rate of brokered deposits	5.07%