XML 22 R13.htm IDEA: XBRL DOCUMENT

Note 5 - Credit Quality

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Financing Receivables [Text Block]

Note 5. Credit Quality

The Company uses a risk grading matrix to assign a risk grade to each loan in its portfolio. Loan risk ratings may be upgraded or downgraded to reflect current information identified during the loan review process. The general characteristics of each risk grade are as follows:

●

Pass -- This grade is assigned to loans with acceptable credit quality and risk. The Company further segments this grade based on borrower characteristics that include capital strength, earnings stability, liquidity, leverage, and industry conditions.

●

Special Mention -- This grade is assigned to loans that require an above average degree of supervision and attention. These loans have the characteristics of an asset with acceptable credit quality and risk; however, adverse economic or financial conditions exist that create potential weaknesses deserving of management’s close attention. If potential weaknesses are not corrected, the prospect of repayment may worsen.

●

Substandard -- This grade is assigned to loans that have well defined weaknesses that may make payment default, or principal exposure, possible. These loans will likely be dependent on collateral liquidation, secondary repayment sources, or events outside the normal course of business to meet repayment terms.

●

Doubtful -- This grade is assigned to loans that have the weaknesses inherent in substandard loans; however, the weaknesses are so severe that collection or liquidation in full is unlikely based on current facts, conditions, and values. Due to certain specific pending factors, the amount of loss cannot yet be determined.

●

Loss -- This grade is assigned to loans that will be charged off or charged down when payments, including the timing and value of payments, are uncertain. This risk grade does not imply that the asset has no recovery or salvage value, but simply means that it is not practical or desirable to defer writing off, either all or a portion of, the loan balance even though partial recovery may be realized in the future.

The following table presents the recorded investment of the loan portfolio, by loan class and credit quality, as of the dates indicated:

		*March 31, 2023*
						*Special*
(Amounts in thousands)		*Pass*				*Mention*				*Substandard*				*Doubtful*				*Loss*				*Total*
Commercial loans
Construction, development, and other land		$	114,002			$	323			$	698			$	-			$	-			$	115,023
Commercial and industrial			146,749				2,795				1,749				-				-				151,293
Multi-family residential			144,909				3,629				208				-				-				148,746
Single family non-owner occupied			197,731				2,006				7,895				-				-				207,632
Non-farm, non-residential			770,509				10,865				11,855				-				-				793,229
Agricultural			11,896				44				102				-				-				12,042
Farmland			10,257				560				1,320				-				-				12,137
Consumer real estate loans
Home equity lines			71,030				198				2,534				-				-				73,762
Single family owner occupied			700,431				1,875				24,896				-				-				727,202
Owner occupied construction			10,116				-				160				-				-				10,276
Consumer and other loans
Consumer loans			133,417				10				2,883				-				-				136,310
Other			1,245				-				-				-				-				1,245
Total loans		$	2,312,292			$	22,305			$	54,300			$	-			$	-			$	2,388,897

		*December 31, 2022*
						*Special*
(Amounts in thousands)		*Pass*				*Mention*				*Substandard*				*Doubtful*				*Loss*				*Total*

Commercial loans
Construction, development, and other land		$	115,972			$	853			$	349			$	-			$	-			$	117,174
Commercial and industrial			147,543				920				1,965				-				-				150,428
Multi-family residential			143,859				3,946				221				-				-				148,026
Single family non-owner occupied			195,775				2,303				8,043				-				-				206,121
Non-farm, non-residential			761,154				14,903				11,646				-				-				787,703
Agricultural			11,722				47				263				-				-				12,032
Farmland			9,868				573				1,338				-				-				11,779
Consumer real estate loans
Home equity lines			72,927				288				2,427				-				-				75,642
Single family owner occupied			706,952				1,958				25,630				-				-				734,540
Owner occupied construction			10,204				-				162				-				-				10,366
Consumer and other loans
Consumer loans			141,551				11				3,020				-				-				144,582
Other			1,804				-				-				-				-				1,804
Total loans		$	2,319,331			$	25,802			$	55,064			$	-			$	-			$	2,400,197

The following tables present the amortized cost basis and current period gross write-offs of the loan portfolio, by year of origination, loan class, and credit quality, as of the date indicated:

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at March 31, 2023		*2023*				*2022*				*2021*				*2020*				*2019*				*Prior*				*Revolving*				*Total*
Construction, development and other land
Pass		$	1,395			$	62,109			$	36,248			$	4,350			$	2,742			$	5,780			$	1,378			$	114,002
Special Mention			-				-				-				238				-				85				-				323
Substandard			-				-				225				-				205				268				-				698
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total construction, development, and other land		$	1,395			$	62,109			$	36,473			$	4,588			$	2,947			$	6,133			$	1,378			$	115,023
Current period gross write-offs		$	-			$	-			$	-			$	-			$	13			$	-			$	-			$	13
Commercial and industrial
Pass		$	8,914			$	64,754			$	21,001			$	11,423			$	6,813			$	14,684			$	19,160			$	146,749
Special Mention			-				1,144				17				15				321				601				697				2,795
Substandard			-				211				163				97				604				674				-				1,749
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total commercial and industrial		$	8,914			$	66,109			$	21,181			$	11,535			$	7,738			$	15,959			$	19,857			$	151,293
Current period gross write-offs		$	-			$	-			$	59			$	-			$	32			$	-			$	-			$	91
Multi-family residential
Pass		$	463			$	44,906			$	20,587			$	30,849			$	3,699			$	41,118			$	3,287			$	144,909
Special Mention			-				-				-				-				-				3,629				-				3,629
Substandard			-				-				-				-				-				208				-				208
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total multi-family residential		$	463			$	44,906			$	20,587			$	30,849			$	3,699			$	44,955			$	3,287			$	148,746
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Non-farm, non-residential
Pass		$	15,917			$	221,536			$	147,370			$	112,918			$	50,646			$	210,888			$	11,234			$	770,509
Special Mention			-				-				1,905				845				-				8,103				12				10,865
Substandard			-				88				1,110				536				3,609				6,317				195				11,855
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total non-farm, non-residential		$	15,917			$	221,624			$	150,385			$	114,299			$	54,255			$	225,308			$	11,441			$	793,229
Current period gross write-offs		$	-			$	8			$	-			$	-			$	-			$	2			$	-			$	10
Agricultural
Pass		$	1,650			$	5,514			$	2,911			$	885			$	295			$	183			$	458			$	11,896
Special Mention			-				-				31				12				-				1				-				44
Substandard			-				-				35				-				46				21				-				102
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total agricultural		$	1,650			$	5,514			$	2,977			$	897			$	341			$	205			$	458			$	12,042
Current period gross write-offs		$	-			$	59			$	-			$	-			$	-			$	-			$	-			$	59
Farmland
Pass		$	823			$	640			$	597			$	777			$	71			$	6,662			$	687			$	10,257
Special Mention			-				-				108				12				-				440				-				560
Substandard			-				-				-				12				-				1,308				-				1,320
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total farmland		$	823			$	640			$	705			$	801			$	71			$	8,410			$	687			$	12,137
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at March 31, 2023		*2023*				*2022*				*2021*				*2020*				*2019*				*Prior*				*Revolving*				*Total*
Home equity lines
Pass		$	85			$	976			$	97			$	143			$	-			$	4,288			$	65,441			$	71,030
Special Mention			-				-				-				-				-				43				155				198
Substandard			-				13				-				27				35				1,134				1,325				2,534
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total home equity lines		$	85			$	989			$	97			$	170			$	35			$	5,465			$	66,921			$	73,762
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	9			$	-			$	9
Single family Mortgage
Pass		$	16,097			$	157,381			$	233,020			$	203,425			$	48,065			$	239,664			$	510			$	898,162
Special Mention			-				-				349				90				124				3,318				-				3,881
Substandard			-				455				1,314				866				1,226				28,930				-				32,791
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total single family owner and non-owner occupied		$	16,097			$	157,836			$	234,683			$	204,381			$	49,415			$	271,912			$	510			$	934,834
Current period gross write-offs		$	-			$	-			$	31			$	-			$	-			$	58			$	-			$	89
Owner occupied construction
Pass		$	159			$	6,979			$	2,535			$	-			$	14			$	429			$	-			$	10,116
Special Mention			-				-				-				-				-				-				-				-
Substandard			-				-				-				159				-				1				-				160
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total owner occupied construction		$	159			$	6,979			$	2,535			$	159			$	14			$	430			$	-			$	10,276
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Consumer loans
Pass		$	10,475			$	62,509			$	32,019			$	13,115			$	6,243			$	2,555			$	7,746			$	134,662
Special Mention			-				-				4				-				5				-				1				10
Substandard			28				892				933				459				298				213				60				2,883
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total consumer loans		$	10,503			$	63,401			$	32,956			$	13,574			$	6,546			$	2,768			$	7,807			$	137,555
Current period gross write-offs		$	200			$	1,031			$	802			$	136			$	78			$	14			$	38			$	2,299

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at March 31, 2023		*2023*				*2022*				*2021*				*2020*				*2019*				*Prior*				*Revolving*				*Total*
Total Loans
Pass		$	55,978			$	627,304			$	496,385			$	377,885			$	118,588			$	526,251			$	109,901			$	2,312,292
Special Mention			-				1,144				2,414				1,212				450				16,220				865				22,305
Substandard			28				1,659				3,780				2,156				6,023				39,074				1,580				54,300
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total loans		$	56,006			$	630,107			$	502,579			$	381,253			$	125,061			$	581,545			$	112,346			$	2,388,897
Current period gross write-offs		$	200			$	1,098			$	892			$	136			$	123			$	83			$	38			$	2,570

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at December 31, 2022		*2022*				*2021*				*2020*				*2019*				*2018*				*Prior*				*Revolving*				*Total*
Construction, development
and other land
Pass		$	58,770			$	39,995			$	4,602			$	3,050			$	2,485			$	5,608			$	1,462			$	115,972
Special Mention			-				225				-				-				94				534				-				853
Substandard			-				-				267				71				11				-				-				349
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total construction, development, and other land		$	58,770			$	40,220			$	4,869			$	3,121			$	2,590			$	6,142			$	1,462			$	117,174
Commercial and industrial
Pass		$	69,678			$	23,746			$	12,047			$	7,729			$	9,121			$	8,890			$	16,332			$	147,543
Special Mention			227				20				21				367				185				1				99				920
Substandard			130				112				114				620				192				797				-				1,965
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total commercial and industrial		$	70,035			$	23,878			$	12,182			$	8,716			$	9,498			$	9,688			$	16,431			$	150,428
Multi-family residential
Pass		$	45,261			$	20,881			$	31,087			$	3,733			$	1,328			$	41,063			$	506			$	143,859
Special Mention			-				-				-				-				-				3,946				-				3,946
Substandard			-				-				-				-				-				221				-				221
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total multi-family residential		$	45,261			$	20,881			$	31,087			$	3,733			$	1,328			$	45,230			$	506			$	148,026
Non-farm, non-residential
Pass		$	218,595			$	145,675			$	114,840			$	52,575			$	35,564			$	185,448			$	8,457			$	761,154
Special Mention			-				1,927				852				1,193				2,708				8,076				147				14,903
Substandard			-				1,267				675				2,509				1,531				5,664				-				11,646
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total non-farm, non-residential		$	218,595			$	148,869			$	116,367			$	56,277			$	39,803			$	199,188			$	8,604			$	787,703
Agricultural
Pass		$	6,244			$	3,225			$	1,003			$	376			$	154			$	214			$	506			$	11,722
Special Mention			-				33				14				-				-				-				-				47
Substandard			124				37				1				66				24				11				-				263
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total agricultural		$	6,368			$	3,295			$	1,018			$	442			$	178			$	225			$	506			$	12,032
Farmland
Pass		$	646			$	713			$	796			$	77			$	869			$	6,150			$	617			$	9,868
Special Mention			-				109				-				-				222				242				-				573
Substandard			-				-				12				-				253				1,073				-				1,338
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total farmland		$	646			$	822			$	808			$	77			$	1,344			$	7,465			$	617			$	11,779

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at December 31, 2022		*2022*				*2021*				*2020*				*2019*				*2018*				*Prior*				*Revolving*				*Total*
Home equity lines
Pass		$	1,960			$	198			$	241			$	-			$	24			$	7,429			$	63,075			$	72,927
Special Mention			-				-				-				-				-				117				171				288
Substandard			-				-				27				35				114				1,253				998				2,427
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total home equity lines		$	1,960			$	198			$	268			$	35			$	138			$	8,799			$	64,244			$	75,642
Single family Mortgage
Pass		$	157,890			$	237,363			$	207,480			$	48,795			$	36,678			$	214,148			$	373			$	902,727
Special Mention			-				376				90				363				262				3,170				-				4,261
Substandard			461				1,196				740				1,217				1,991				28,068				-				33,673
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total single family owner and non-owner occupied		$	158,351			$	238,935			$	208,310			$	50,375			$	38,931			$	245,386			$	373			$	940,661
Owner occupied construction
Pass		$	6,357			$	3,344			$	-			$	23			$	11			$	469			$	-			$	10,204
Special Mention			-				-				-				-				-				-				-				-
Substandard			-				-				162				-				-				-				-				162
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total owner occupied construction		$	6,357			$	3,344			$	162			$	23			$	11			$	469			$	-			$	10,366
Consumer loans
Pass		$	69,579			$	37,603			$	16,033			$	7,640			$	2,528			$	2,040			$	7,932			$	143,355
Special Mention			-				5				-				6				-				-				-				11
Substandard			881				1,002				466				416				36				159				60				3,020
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total consumer loans		$	70,460			$	38,610			$	16,499			$	8,062			$	2,564			$	2,199			$	7,992			$	146,386

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at December 31, 2022		*2022*				*2021*				*2020*				*2019*				*2018*				*Prior*				*Revolving*				*Total*
Total Loans
Pass		$	634,980			$	512,743			$	388,129			$	123,998			$	88,762			$	471,459			$	99,260			$	2,319,331
Special Mention			227				2,695				977				1,929				3,471				16,086				417				25,802
Substandard			1,596				3,614				2,464				4,934				4,152				37,246				1,058				55,064
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total loans		$	636,803			$	519,052			$	391,570			$	130,861			$	96,385			$	524,791			$	100,735			$	2,400,197

The Company generally places a loan on nonaccrual status when it is 90 days or more past due. The following table presents nonaccrual loans, by loan class, as of the dates indicated:

		*March 31, 2023*												*December 31, 2022*
(Amounts in thousands)		*No Allowance*				*With an Allowance*				*Total*				*No Allowance*				*With an Allowance*				*Total*
Commercial loans
Construction, development, and other land		$	425			$	-			$	425			$	31			$	-			$	31
Commercial and industrial			502				-				502				438				-				438
Multi-family residential			208				-				208				220				-				220
Single family non-owner occupied			942				-				942				984				-				984
Non-farm, non-residential			1,524				-				1,524				1,771				-				1,771
Agricultural			7				-				7				9				-				9
Farmland			133				-				133				133				-				133
Consumer real estate loans
Home equity lines			612				-				612				400				-				400
Single family owner occupied			8,303				586				8,889				8,228				589				8,817
Owner occupied construction			-				-				-				-				-				-
Consumer and other loans
Consumer loans			2,315				-				2,315				2,405				-				2,405
Total nonaccrual loans		$	14,971			$	586			$	15,557			$	14,619			$	589			$	15,208

During the first quarter of 2023, no nonaccrual loan interest was recognized compared to $4 thousand for the same period of 2022.

The following tables presents the aging of past due loans, by loan class, as of the dates indicated. Nonaccrual loans 30 days or more past due are included in the applicable delinquency category:

		*March 31, 2023*
																										*Amortized Cost of*
		*30 - 59 Days*				*60 - 89 Days*				*90+ Days*				*Total*				*Current*				*Total*				*> 90 Days Accruing*
(Amounts in thousands)		*Past Due*				*Past Due*				*Past Due*				*Past Due*				*Loans*				*Loans*				*No Allowance*

Commercial loans
Construction, development, and other land		$	173			$	17			$	418			$	608			$	114,415			$	115,023			$	-
Commercial and industrial			422				112				332				866				150,427				151,293				-
Multi-family residential			133				-				-				133				148,613				148,746				-
Single family non-owner occupied			1,169				169				120				1,458				206,174				207,632				-
Non-farm, non-residential			218				48				351				617				792,612				793,229				-
Agricultural			34				-				7				41				12,001				12,042				-
Farmland			-				-				133				133				12,004				12,137				-
Consumer real estate loans
Home equity lines			782				120				487				1,389				72,373				73,762				-
Single family owner occupied			5,172				2,603				2,222				9,997				717,205				727,202				-
Owner occupied construction			-				-				-				-				10,276				10,276				-
Consumer and other loans
Consumer loans			3,822				985				989				5,796				130,514				136,310				-
Other			-				-				-				-				1,245				1,245				-
Total loans		$	11,925			$	4,054			$	5,059			$	21,038			$	2,367,859			$	2,388,897			$	-

		*December 31, 2022*
																										*Amortized Cost of*
		*30 - 59 Days*				*60 - 89 Days*				*90+ Days*				*Total*				*Current*				*Total*				*> 90 Days Accruing*
(Amounts in thousands)		*Past Due*				*Past Due*				*Past Due*				*Past Due*				*Loans*				*Loans*				*No Allowance*

Commercial loans
Construction, development, and other land		$	393			$	8			$	23			$	424			$	116,750			$	117,174			$	-
Commercial and industrial			756				129				217				1,102				149,326				150,428				-
Multi-family residential			-				-				83				83				147,943				148,026				-
Single family non-owner occupied			990				122				299				1,411				204,710				206,121				-
Non-farm, non-residential			646				52				548				1,246				786,457				787,703				-
Agricultural			36				135				9				180				11,852				12,032				-
Farmland			-				-				133				133				11,646				11,779				-
Consumer real estate loans
Home equity lines			519				115				262				896				74,746				75,642				-
Single family owner occupied			5,951				2,322				3,166				11,439				723,101				734,540				-
Owner occupied construction			-				-				-				-				10,366				10,366				-
Consumer and other loans
Consumer loans			4,282				1,960				1,459				7,701				136,881				144,582				-
Other			-				-				-				-				1,804				1,804				-
Total loans		$	13,573			$	4,843			$	6,199			$	24,615			$	2,375,582			$	2,400,197			$	-

ASC 326 prescribes that when an entity determines foreclosure is probable, the expected credit loss is required to be measured based on the fair value of the collateral. As a practical expedient, an entity may use the fair value as of the reporting date when recording the net carrying amount of the asset. For the collateral dependent asset ("CDA") a credit loss expense is recorded for loan amounts in excess of fair value of the collateral. The table below summarizes collateral dependent loans, where foreclosure is probable, by type of collateral, and the extent to which they are collateralized during the period.

		*March 31, 2023*												*December 31, 2022*
(Amounts in thousands)		*Balance*				*Collateral Coverage*				%				*Balance*				*Collateral Coverage*				%
Commercial Real Estate
Hotel		$	-			$	-				-			$	-			$	-				-
Office			-				-				-				-				-				-
Other			-				-				-				-				-				-
Retail			-				-				-				-				-				-
Multi-Family
Industrial			-				-				-				-				-				-
Office			-				-				-				-				-				-
Other			-				-				-				-				-				-
Commercial and industrial
Industrial			-				-				-				-				-				-
Other			-				-				-				-				-				-
Home equity loans			-				-				-				-				-				-
Consumer owner occupied			586				574				97.99	%			589				574				97.45	%
Consumer			-				-				-				-				-				-
Total collateral dependent loans		$	586			$	574				97.99	%		$	589			$	574				97.45	%

The Company may make concessions in interest rates, loan terms and/or amortization terms when restructuring loans for borrowers experiencing financial difficulty. Effective, January 1, 2023, the Company adopted ASU 2022-02, Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures. The amendments eliminated TDR accounting guidance for issuers that adopted ASU 2016-13, created a single loan modification accounting model, and clarified disclosure requirements for loan modifications and write-offs. Presented below are the amortized cost basis and percentage of loan class for loan modifications made to borrowers experiencing financial difficulty by loan class, concession type, and financial effect as of the date indicated:


		*Payment Delays*
		*Amortized Cost Basis*				*% of Total Class of*
		*March 31, 2023*				*Financing Receivable*			*Financial Effect*

(Amounts in thousands)
Single family owner occupied		$	410				0.056	%	Deferred $6 thousand in principal to maturity
Total		$	410

		*Term Extensions*
		*Amortized Cost Basis*				*% of Total Class of*
		*March 31, 2023*				*Financing Receivable*			*Financial Effect*

(Amounts in thousands)
Consumer		$	9				0.007	%	Extended term from 60 to 84 months
Total		$	9


		*Principal Forgiveness*
		*Amortized Cost Basis*				*% of Total Class of*
		*March 31, 2023*				*Financing Receivable*			*Financial Effect*

(Amounts in thousands)
Single family owner occupied		$	10				0.001	%	Reduced amortized cost basis by $13 thousand
Total		$	10

Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. As of March 31, 2023, there were no modified loans (or portions of a loan) deemed uncollectible.

The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the last three months:

		*March 31, 2023*
		*Payment Status (Amortized Cost Basis)*
		*Current*				*30-89 Days Past Due*				*90+ Days Past Due*

(Amounts in thousands)
Single family owner occupied		$	420			$	-			$	-
Consumer			9				-				-
Total		$	429			$	-			$	-

Prior to the adoption of ASU 2022-02, Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures below is the presentation of loans modified as TDRs, by loan class and accrual status, as of the date indicated:

		December 31, 2022
(Amounts in thousands)		Nonaccrual(1)				Accruing				Total
Commercial loans
Commercial and industrial		$	-			$	374			$	374
Single family non-owner occupied			142				838				980
Non-farm, non-residential			-				747				747
Consumer real estate loans
Home equity lines			-				55				55
Single family owner occupied			1,182				5,073				6,255
Owner occupied construction			-				-				-
Consumer and other loans
Consumer loans			-				25				25
Total TDRs		$	1,324			$	7,112			$	8,436

Allowance for credit losses related to TDRs										$	-

(1)	Nonaccrual TDRs are included in total nonaccrual loans disclosed in the nonaccrual table above.

The following table presents interest income recognized on TDRs for the periods indicated:

		Three Months Ended March 31,
		2022
(Amounts in thousands)
Interest income recognized		$	105

The following tables present loans modified as TDRs, by type of concession made and loan class, that were restructured during the periods indicated:

		*Three Months Ended March 31,*
		*2022*
(Amounts in thousands)		*Total Contracts*				*Pre-modification Recorded Investment*				*Post-modification Recorded Investment(1)*
Below market interest rate
Single family owner occupied			1			$	31			$	32
Total below market interest rate			1			$	31			$	32
Total			1			$	31			$	32

(1)	Represents the loan balance immediately following modification

As of March 31, 2022, there was one payment in default in the amount of $41 thousand for troubled debt restructured loans.

The following table provides information about other real estate owned (“OREO”), which consists of properties acquired through foreclosure, as of the dates indicated:

		*March 31, 2023*				*December 31, 2022*
(Amounts in thousands)
OREO		$	481			$	703

OREO secured by residential real estate		$	249			$	407
Residential real estate loans in the foreclosure process⁽¹⁾		$	1,850			$	1,474

(1)	The recorded investment in consumer mortgage loans collateralized by residential real estate that are in the process of foreclosure according to local requirements of the applicable jurisdiction