Concentration Of Credit Risk |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Concentration Of Credit Risk [Abstract] | |
| Concentration Of Credit Risk | Note 20 – Concentration of credit risk The Bank has a diversified loan portfolio consisting of commercial, real estate and consumer (installment) loans. Substantially all of the Bank’s customers are residents or operate business ventures in its market area consisting primarily of the Lynchburg metropolitan area. Therefore, a substantial portion of its borrowers’ ability to honor their contracts and the Bank’s ability to realize the value of any underlying collateral, if needed, is influenced by the economic conditions in this market area. The Bank maintains a significant portion of its cash balances with one financial institution. Cash balances are maintained in deposit accounts that, at times, may exceed federally insured limits. Uninsured cash balances as of December 31, 2025 were estimated to be approximately $6,592,000, which consisted of $4,532,000 maintained in one account at the FHLBA (uninsured), as well as the remaining uninsured balances (net of $250,000 FDIC coverage) held in deposit accounts at several correspondent banks. Uninsured cash balances as of December 31, 2024 were approximately $5,322,000, which consisted of the total balances in the same accounts referenced above. |