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Note 5 - Credit Quality (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Financing Receivable Credit Quality Indicators [Table Text Block]
  

December 31, 2023

 
      

Special

                 

(Amounts in thousands)

 

Pass

  

Mention

  

Substandard

  

Doubtful

  

Loss

  

Total

 

Commercial loans

                        

Construction, development, and other land

 $103,573  $1,955  $417  $  $  $105,945 

Commercial and industrial

  207,034   2,097   2,719         211,850 

Multi-family residential

  184,565   3,522   295         188,382 

Single family non-owner occupied

  215,375   2,016   7,504         224,895 

Non-farm, non-residential

  866,711   15,240   12,599         894,550 

Agricultural

  15,944   3,878   1,847         21,669 

Farmland

  12,480   484   1,238         14,202 

Consumer real estate loans

                        

Home equity lines

  83,769   546   3,311         87,626 

Single family owner occupied

  669,878   2,360   23,902         696,140 

Owner occupied construction

  8,445               8,445 

Consumer and other loans

                        

Consumer loans

  114,725   4   2,362         117,091 

Other

  1,503               1,503 

Total loans

 $2,484,002  $32,102  $56,194  $  $  $2,572,298 
  

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 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Construction, development

                                

and other land

                                

Pass

 $12,379  $54,752  $23,328  $4,121  $2,700  $3,874  $2,419  $103,573 

Special Mention

  1,737   -   -   139   -   79   -   1,955 

Substandard

  -   -   -   -   175   242   -   417 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total construction, development, and other land

 $14,116  $54,752  $23,328  $4,260  $2,875  $4,195  $2,419  $105,945 

Current period gross write-offs

 $-  $-  $-  $-  $13  $-  $-  $13 

Commercial and industrial

                                

Pass

 $53,619  $64,380  $19,477  $11,538  $5,717  $11,775  $40,528  $207,034 

Special Mention

  -   229   11   -   349   1,408   100   2,097 

Substandard

  51   744   276   86   926   636   -   2,719 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total commercial and industrial

 $53,670  $65,353  $19,764  $11,624  $6,992  $13,819  $40,628  $211,850 

Current period gross write-offs

 $66  $168  $201  $51  $32  $66  $-  $584 

Multi-family residential

                                

Pass

 $6,753  $67,484  $36,621  $30,021  $3,280  $36,982  $3,424  $184,565 

Special Mention

  -   -   -   -   -   3,522   -   3,522 

Substandard

  -   -   -   -   -   295   -   295 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total multi-family residential

 $6,753  $67,484  $36,621  $30,021  $3,280  $40,799  $3,424  $188,382 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Non-farm, non-residential

                                

Pass

 $83,420  $234,607  $151,433  $114,974  $53,466  $217,034  $11,777  $866,711 

Special Mention

  65   583   2,590   819   -   11,132   51   15,240 

Substandard

  1,175   238   1,968   690   3,175   5,143   210   12,599 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total non-farm, non-residential

 $84,660  $235,428  $155,991  $116,483  $56,641  $233,309  $12,038  $894,550 

Current period gross write-offs

 $-  $8  $-  $-  $-  $2  $-  $10 

Agricultural

                                

Pass

 $5,004  $4,215  $2,352  $625  $674  $2,094  $980  $15,944 

Special Mention

  28   276   184   8   90   3,292   -   3,878 

Substandard

  157   166   50   28   1,188   258   -   1,847 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total agricultural

 $5,189  $4,657  $2,586  $661  $1,952  $5,644  $980  $21,669 

Current period gross write-offs

 $-  $59  $-  $9  $14  $8  $-  $90 

Farmland

                                

Pass

 $1,380  $1,237  $1,557  $912  $745  $5,766  $883  $12,480 

Special Mention

  -   -   103   -   -   381   -   484 

Substandard

  -   -   -   -   -   1,238   -   1,238 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total farmland

 $1,380  $1,237  $1,660  $912  $745  $7,385  $883  $14,202 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Home equity lines

                                

Pass

 $9  $962  $86  $73  $68  $3,800  $78,771  $83,769 

Special Mention

  -   -   -   -   -   45   501   546 

Substandard

  -   12   -   27   102   1,853   1,317   3,311 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total home equity lines

 $9  $974  $86  $100  $170  $5,698  $80,589  $87,626 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $227  $227 

Single family Mortgage

                                

Pass

 $50,826  $164,974  $221,352  $191,156  $44,974  $211,540  $431  $885,253 

Special Mention

  -   -   465   98   108   3,705   -   4,376 

Substandard

  236   555   1,464   1,381   1,515   26,255   -   31,406 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total single family owner and non-owner occupied

 $51,062  $165,529  $223,281  $192,635  $46,597  $241,500  $431  $921,035 

Current period gross write-offs

 $-  $-  $47  $-  $-  $194  $-  $241 

Owner occupied construction

                                

Pass

 $3,620  $4,232  $240  $-  $21  $332  $-  $8,445 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total owner occupied construction

 $3,620  $4,232  $240  $-  $21  $332  $-  $8,445 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Consumer loans

                                

Pass

 $31,243  $43,675  $20,672  $7,710  $3,214  $1,026  $8,688  $116,228 

Special Mention

  -   -   3   -   -   -   1   4 

Substandard

  338   820   590   198   157   212   47   2,362 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total consumer loans

 $31,581  $44,495  $21,265  $7,908  $3,371  $1,238  $8,736  $118,594 

Current period gross write-offs

 $1,238  $3,594  $1,852  $518  $196  $77  $185  $7,660 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Total Loans

                                

Pass

 $248,253  $640,518  $477,118  $361,130  $114,859  $494,223  $147,901  $2,484,002 

Special Mention

  1,830   1,088   3,356   1,064   547   23,564   653   32,102 

Substandard

  1,957   2,535   4,348   2,410   7,238   36,132   1,574   56,194 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total loans

 $252,040  $644,141  $484,822  $364,604  $122,644  $553,919  $150,128  $2,572,298 

Current period gross write-offs

 $1,304  $3,829  $2,100  $578  $255  $347  $412  $8,825 
                                 

(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 
Financing Receivable, Nonaccrual [Table Text Block]
  

December 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

 $172  $  $172  $31  $  $31 

Commercial and industrial

  1,438      1,438   438      438 

Multi-family residential

  183      183   220      220 

Single family non-owner occupied

  832      832   984      984 

Non-farm, non-residential

  1,271   1,173   2,444   1,771      1,771 

Agricultural

  1,558      1,558   9      9 

Farmland

  123      123   133      133 

Consumer real estate loans

                        

Home equity lines

  1,335      1,335   400      400 

Single family owner occupied

  9,365      9,365   8,228   589   8,817 

Owner occupied construction

                  

Consumer and other loans

                        

Consumer loans

  1,906      1,906   2,405      2,405 

Total nonaccrual loans

 $18,183  $1,173  $19,356  $14,619  $589  $15,208 
Financing Receivable, Past Due [Table Text Block]
  

December 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

 $38  $6  $23  $67  $105,878  $105,945  $ 

Commercial and industrial

  1,232   766   390   2,388   209,462   211,850    

Multi-family residential

  115   68      183   188,199   188,382    

Single family non-owner occupied

  777   455   232   1,464   223,431   224,895    

Non-farm, non-residential

  617   229   382   1,228   893,322   894,550    

Agricultural

  22   56   217   295   21,374   21,669    

Farmland

  15         15   14,187   14,202    

Consumer real estate loans

                            

Home equity lines

  639   343   534   1,516   86,110   87,626    

Single family owner occupied

  6,108   2,831   3,519   12,458   683,682   696,140    

Owner occupied construction

              8,445   8,445    

Consumer and other loans

                            

Consumer loans

  4,390   1,440   1,087   6,917   110,174   117,091    

Other

              1,503   1,503    

Total loans

 $13,953  $6,194  $6,384  $26,531  $2,545,767  $2,572,298  $ 
  

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  $ 
Collateral Dependent Loans [Table Text Block]
  

December 31, 2023

  

December 31, 2022

 

(Amounts in thousands)

 

Balance

  

Collateral Coverage

  

Coverage Ratio

  

Balance

  

Collateral Coverage

  

Coverage Ratio

 

Commercial Real Estate

                        

Other

 $1,173  $825   70.33% $-  $-   - 

Consumer owner occupied

  -   -      589   574   97.45%

Total collateral dependent loans

 $1,173  $825   70.33% $589  $574   97.45%
Financing Receivable, Modified [Table Text Block]
  

Payment Delays

  

Amortized Cost Basis

  

% of Total Class of

   
  

December 31, 2023

  

Financing Receivable

  

Financial Effect

           

(Amounts in thousands)

          

Non farm, non residential property

 $662   0.07% 

Deferred six months of interest to loan maturity.

Single family owner occupied

  548   0.08% 

Deferred $66 thousand in principal to loan maturity

Single family non owner occupied

  89   0.04% 

Deferred 6 months of interest to Loan Maturity.

Commercial & industrial

  171   0.08% 

Deferred $8 thousand in Principal to Loan Maturity.

Total

 $1,470       
           
  

Term Extensions

  

Amortized Cost Basis

  

% of Total Class of

   
  

December 31, 2023

  

Financing Receivable

  

Financial Effect

           

(Amounts in thousands)

          

Consumer

 $6   0.01% 

Extended term from 60 to 84 months

Total

 $6       
           
           
  

Principal Forgiveness

  

Amortized Cost Basis

  

% of Total Class of

   
  

December 31, 2023

  

Financing Receivable

  

Financial Effect

           

(Amounts in thousands)

          

Single family owner occupied

 $5   0.00% 

Reduced amortized cost basis by $13 thousand

Total

 $5       
           
           
  

Term Extension and Rate Reduction

  

Amortized Cost Basis

  

% of Total Class of

   
  

December 31, 2023

  

Financing Receivable

  

Financial Effect

           

(Amounts in thousands)

          

Single family owner occupied

 $565   0.08% 

Reduced interest income and extended time to recover principal.

Total

 $565       
           
  

December 31, 2023

 
  

Payment Status (Amortized Cost Basis)

 
  

Current

  

30-89 Days Past Due

  

90+ Days Past Due

 
             

(Amounts in thousands)

            

Non farm, non residential property

 $662  $-  $- 

Single family owner occupied

  864   254   - 

Single family non owner occupied

  89       

Commercial & industrial

  171       

Consumer

  6   -   - 

Total

 $1,792  $254  $- 
  

Year Ended December 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 

Below market interest rate and extended payment term

            

Single family non-owner occupied

         

Single family owner occupied

         

Total below market interest rate and extended payment term

         

Principal deferral

            

Single family non-owner occupied

         

Single family owner occupied

  5   494   481 

Total principal deferral

  5   494   481 

Total

  6  $525  $513 
Trouble Debt Restructuring Accrual Status [Table Text Block]
  

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

         $ 
Interest Income Related to Troubled Debt Restructurings [Table Text Block]
  

Year Ended December 31,

 
  

2022

  

2021

 

(Amounts in thousands)

        

Interest income recognized

 $383  $422 
Other Real Estate Owned [Table Text Block]
  

December 31, 2023

  

December 31, 2022

 

(Amounts in thousands)

        

Total OREO

 $192  $703 
         

OREO secured by residential real estate

 $192  $407 

Residential real estate loans in the foreclosure process(1)

 $1,895  $1,474