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Note 4 - Credit Quality

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Financing Receivables [Text Block]

Note 4. 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:

		*September 30, 2025*
						*Special*
(Amounts in thousands)		*Pass*				*Mention*				*Substandard*				*Doubtful*				*Loss*				*Total*
Commercial loans
Construction, development, and other land		$	62,630			$	122			$	426			$	-			$	-			$	63,178
Commercial and industrial			249,423				638				3,693				-				-				253,754
Multi-family residential			190,699				35				129				-				-				190,863
Single family non-owner occupied			171,657				1,521				6,122				-				-				179,300
Non-farm, non-residential			813,891				11,399				6,330				-				-				831,620
Agricultural			9,262				2,979				1,379				-				-				13,620
Farmland			9,892				233				927				-				-				11,052
Consumer real estate loans
Home equity lines			80,995				418				2,607				-				-				84,020
Single family owner occupied			613,147				1,566				17,996				-				-				632,709
Owner occupied construction			3,957				-				-				-				-				3,957
Consumer and other loans
Consumer loans			63,401				-				1,323				-				-				64,724
Other			2,508				-				-				-				-				2,508
Total loans		$	2,271,462			$	18,911			$	40,932			$	-			$	-			$	2,331,305

		*December 31, 2024*
						*Special*
(Amounts in thousands)		*Pass*				*Mention*				*Substandard*				*Doubtful*				*Loss*				*Total*

Commercial loans
Construction, development, and other land		$	69,290			$	133			$	2,896			$	-			$	-			$	72,319
Commercial and industrial			227,108				2,045				3,701				-				-				232,854
Multi-family residential			194,865				3,319				1,337				-				-				199,521
Single family non-owner occupied			187,762				1,701				6,125				-				-				195,588
Non-farm, non-residential			831,821				12,572				7,830				-				-				852,223
Agricultural			11,144				3,589				1,943				-				-				16,676
Farmland			10,729				430				1,152				-				-				12,311
Consumer real estate loans
Home equity lines			86,908				476				2,843				-				-				90,227
Single family owner occupied			627,853				2,047				20,406				-				-				650,306
Owner occupied construction			4,491				-				-				-				-				4,491
Consumer and other loans
Consumer loans			86,177				-				1,581				-				-				87,758
Other			1,815				-				-				-				-				1,815
Total loans		$	2,339,963			$	26,312			$	49,814				-				-			$	2,416,089

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 September 30, 2025		*2025*				*2024*				*2023*				*2022*				*2021*				*Prior*				*Revolving*				*Total*
Construction, development and other land
Pass		$	7,093			$	8,881			$	2,401			$	27,616			$	11,833			$	4,414			$	392			$	62,630
Special mention			-				-				-				-				-				122				-				122
Substandard			-				162				110				-				-				154				-				426
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total construction, development, and other land		$	7,093			$	9,043			$	2,511			$	27,616			$	11,833			$	4,690			$	392			$	63,178
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Commercial and industrial
Pass		$	51,857			$	56,586			$	26,154			$	41,126			$	7,819			$	15,324			$	50,557			$	249,423
Special mention			135				80				-				142				-				109				172				638
Substandard			103				590				317				991				334				1,149				209				3,693
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total commercial and industrial		$	52,095			$	57,256			$	26,471			$	42,259			$	8,153			$	16,582			$	50,938			$	253,754
Current period gross write-offs		$	20			$	74			$	161			$	207			$	73			$	420			$	-			$	955
Multi-family residential
Pass		$	3,810			$	747			$	11,226			$	73,520			$	39,504			$	61,098			$	794			$	190,699
Special mention			-				-				-				-				-				35				-				35
Substandard			-				-				-				95				-				34				-				129
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total multi-family residential		$	3,810			$	747			$	11,226			$	73,615			$	39,504			$	61,167			$	794			$	190,863
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Non-farm, non-residential
Pass		$	42,477			$	37,289			$	71,631			$	214,323			$	126,270			$	310,584			$	11,317			$	813,891
Special mention			-				441				-				2,698				3,676				4,584				-				11,399
Substandard			179				596				22				155				1,543				3,526				309				6,330
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total non-farm, non-residential		$	42,656			$	38,326			$	71,653			$	217,176			$	131,489			$	318,694			$	11,626			$	831,620
Current period gross write-offs		$	-			$	-			$	-			$	56			$	-			$	16			$	-			$	72
Agricultural
Pass		$	1,592			$	504			$	2,300			$	1,736			$	876			$	1,753			$	501			$	9,262
Special mention			-				-				-				240				138				2,601				-				2,979
Substandard			-				-				89				79				20				1,191				-				1,379
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total agricultural		$	1,592			$	504			$	2,389			$	2,055			$	1,034			$	5,545			$	501			$	13,620
Current period gross write-offs		$	-			$	-			$	117			$	45			$	-			$	-			$	-			$	162
Farmland
Pass		$	667			$	836			$	906			$	718			$	1,256			$	4,196			$	1,313			$	9,892
Special mention			-				-				-				-				95				138				-				233
Substandard			-				-				-				-				-				927				-				927
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total farmland		$	667			$	836			$	906			$	718			$	1,351			$	5,261			$	1,313			$	11,052
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at September 30, 2025		*2025*				*2024*				*2023*				*2022*				*2021*				*Prior*				*Revolving*				*Total*
Home equity lines
Pass		$	555			$	228			$	304			$	1,004			$	76			$	3,566			$	75,262			$	80,995
Special mention			-				-				-				-				-				83				335				418
Substandard			-				-				-				170				50				1,722				665				2,607
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total home equity lines		$	555			$	228			$	304			$	1,174			$	126			$	5,371			$	76,262			$	84,020
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	42			$	42
Single family Mortgage
Pass		$	35,037			$	17,127			$	44,716			$	143,436			$	190,034			$	352,992			$	1,462			$	784,804
Special mention			-				-				-				-				384				2,703				-				3,087
Substandard			28				29				743				2,838				1,528				18,952				-				24,118
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total single family owner and non-owner occupied		$	35,065			$	17,156			$	45,459			$	146,274			$	191,946			$	374,647			$	1,462			$	812,009
Current period gross write-offs		$	-			$	-			$	-			$	-			$	55			$	49			$	-			$	104
Owner occupied construction
Pass		$	820			$	2,655			$	27			$	49			$	152			$	254			$	-			$	3,957
Special mention			-				-				-				-				-				-				-				-
Substandard			-				-				-				-				-				-				-				-
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total owner occupied construction		$	820			$	2,655			$	27			$	49			$	152			$	254			$	-			$	3,957
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Consumer loans
Pass		$	12,367			$	11,799			$	12,911			$	14,286			$	5,382			$	1,546			$	7,618			$	65,909
Special mention			-				-				-				-				-				-				-				-
Substandard			11				115				267				395				203				300				32				1,323
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total consumer loans		$	12,378			$	11,914			$	13,178			$	14,681			$	5,585			$	1,846			$	7,650			$	67,232
Current period gross write-offs		$	1,426			$	482			$	753			$	939			$	335			$	78			$	174			$	4,187

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at September 30, 2025		*2025*				*2024*				*2023*				*2022*				*2021*				*Prior*				*Revolving*				*Total*
Total loans
Pass		$	156,275			$	136,652			$	172,576			$	517,814			$	383,202			$	755,727			$	149,216			$	2,271,462
Special mention			135				521				-				3,080				4,293				10,375				507				18,911
Substandard			321				1,492				1,548				4,723				3,678				27,955				1,215				40,932
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total loans		$	156,731			$	138,665			$	174,124			$	525,617			$	391,173			$	794,057			$	150,938			$	2,331,305
Current period gross write-offs		$	1,446			$	556			$	1,031			$	1,247			$	463			$	563			$	216			$	5,522

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at December 31, 2024		*2024*				*2023*				*2022*				*2021*				*2020*				*Prior*				*Revolving*				*Total*
Construction, development
and other land
Pass		$	9,806			$	7,378			$	33,423			$	12,495			$	1,948			$	3,589			$	651			$	69,290
Special Mention			-				-				-				-				65				68				-				133
Substandard			164				2,418				-				-				11				303								2,896
Doubtful			-				-				-				-				-				-								-
Loss			-				-				-				-				-				-				-				-
Total construction, development, and other land		$	9,970			$	9,796			$	33,423			$	12,495			$	2,024			$	3,960			$	651			$	72,319
Current period gross write-offs		$	-			$	-			$	-			$	-			$	1			$	8			$	-			$	9
Commercial and industrial
Pass		$	71,241			$	34,794			$	50,214			$	11,973			$	7,332			$	12,265			$	39,289			$	227,108
Special Mention			5				-				35				82				-				1,584				339				2,045
Substandard			193				404				831				457				465				1,351				-				3,701
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total commercial and industrial		$	71,439			$	35,198			$	51,080			$	12,512			$	7,797			$	15,200			$	39,628			$	232,854
Current period gross write-offs		$	24			$	95			$	351			$	48			$	34			$	2			$	-			$	554
Multi-family residential
Pass		$	775			$	10,084			$	73,633			$	42,533			$	28,855			$	36,150			$	2,835			$	194,865
Special Mention			-				-				-				-				-				3,319								3,319
Substandard			-				-				1,285				-				-				52								1,337
Doubtful			-				-				-				-				-				-								-
Loss			-				-				-				-				-				-				-				-
Total multi-family residential		$	775			$	10,084			$	74,918			$	42,533			$	28,855			$	39,521			$	2,835			$	199,521
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Non-farm, non-residential
Pass		$	40,054			$	76,285			$	226,217			$	140,911			$	104,728			$	235,001			$	8,625			$	831,821
Special Mention			154				-				565				1,758				-				10,095				-				12,572
Substandard			-				593				285				1,882				872				3,885				313				7,830
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-								-
Total non-farm, non-residential		$	40,208			$	76,878			$	227,067			$	144,551			$	105,600			$	248,981			$	8,938			$	852,223
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	29			$	-			$	29
Agricultural
Pass		$	646			$	3,168			$	2,723			$	1,561			$	245			$	1,754			$	1,047			$	11,144
Special Mention			-				-				256				161				3				3,169								3,589
Substandard			-				429				166				25				79				1,244								1,943
Doubtful			-				-				-				-				-				-								-
Loss			-				-				-				-				-				-				-				-
Total agricultural		$	646			$	3,597			$	3,145			$	1,747			$	327			$	6,167			$	1,047			$	16,676
Current period gross write-offs		$	-			$	115			$	96			$	19			$	-			$	-			$	-			$	230
Farmland
Pass		$	861			$	1,175			$	1,052			$	1,389			$	665			$	4,429			$	1,158			$	10,729
Special Mention			-				-				-				99				-				331								430
Substandard			-				-				-				-				142				1,010								1,152
Doubtful			-				-				-				-				-				-								-
Loss			-				-				-				-				-				-				-				-
Total farmland		$	861			$	1,175			$	1,052			$	1,488			$	807			$	5,770			$	1,158			$	12,311
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at December 31, 2024		*2024*				*2023*				*2022*				*2021*				*2020*				*Prior*				*Revolving*				*Total*
Home equity lines
Pass		$	10			$	106			$	1,205			$	100			$	86			$	4,175			$	81,226			$	86,908
Special Mention			-				-				-				-				-				140				336				476
Substandard			23				22				78				-				22				1,793				905				2,843
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total home equity lines		$	33			$	128			$	1,283			$	100			$	108			$	6,108			$	82,467			$	90,227
Current period gross write-offs		$	3			$	-			$	-			$	-			$	47			$	-			$	17			$	67
Single family Mortgage
Pass		$	16,876			$	47,598			$	154,680			$	204,443			$	173,310			$	218,047			$	661			$	815,615
Special Mention			-				-				-				440				-				3,308				-				3,748
Substandard			6				779				1,550				1,270				1,161				21,765				-				26,531
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total single family owner and non-owner occupied		$	16,882			$	48,377			$	156,230			$	206,153			$	174,471			$	243,120			$	661			$	845,894
Current period gross write-offs		$	-			$	-			$	-			$	185			$	-			$	84			$	-			$	269
Owner occupied construction
Pass		$	2,387			$	1,272			$	318			$	217			$	-			$	297			$	-			$	4,491
Special Mention			-				-				-				-				-				-				-				-
Substandard			-				-				-				-				-				-				-				-
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total owner occupied construction		$	2,387			$	1,272			$	318			$	217			$	-			$	297			$	-			$	4,491
Current period gross write-offs		$	-			$	-			$	-			$	-			$	-			$	-			$	-			$	-
Consumer loans
Pass		$	19,684			$	20,709			$	24,573			$	10,590			$	3,214			$	1,493			$	7,729			$	87,992
Special Mention			-				-				-				-				-				-				-				-
Substandard			94				327				532				284				30				279				35				1,581
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total consumer loans		$	19,778			$	21,036			$	25,105			$	10,874			$	3,244			$	1,772			$	7,764			$	89,573
Current period gross write-offs		$	1,518			$	1,269			$	2,277			$	908			$	243			$	105			$	373			$	6,693

(Amounts in thousands)		*Term Loans Amortized Cost Basis by Origination Year*
Balance at December 31, 2024		*2024*				*2023*				*2022*				*2021*				*2020*				*Prior*				*Revolving*				*Total*
Total loans
Pass		$	162,340			$	202,569			$	568,038			$	426,212			$	320,383			$	517,200			$	143,221			$	2,339,963
Special mention			159				-				856				2,540				68				22,014				675				26,312
Substandard			480				4,972				4,727				3,918				2,782				31,682				1,253				49,814
Doubtful			-				-				-				-				-				-				-				-
Loss			-				-				-				-				-				-				-				-
Total loans		$	162,979			$	207,541			$	573,621			$	432,670			$	323,233			$	570,896			$	145,149			$	2,416,089
Current period gross write-offs		$	1,545			$	1,479			$	2,724			$	1,160			$	325			$	228			$	390			$	7,851

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:

		*September 30, 2025*												*December 31, 2024*
(Amounts in thousands)		*No Allowance*				*With an Allowance*				*Total*				*No Allowance*				*With an Allowance*				*Total*
Commercial loans
Construction, development, and other land		$	126			$	-			$	126			$	140			$	-			$	140
Commercial and industrial			1,545				-				1,545				2,492				-				2,492
Multi-family residential			129				-				129				152				-				152
Single family non-owner occupied			1,152				-				1,152				983				-				983
Non-farm, non-residential			1,967				-				1,967				2,284				531				2,815
Agricultural			1,020				-				1,020				1,541				-				1,541
Farmland			224				-				224				386				-				386
Consumer real estate loans			-
Home equity lines			1,058				-				1,058				1,072				-				1,072
Single family owner occupied			8,353				-				8,353				9,189				-				9,189
Owner occupied construction			-				-				-				-				-				-
Consumer and other loans
Consumer loans			940				-				940				1,099				-				1,099
Total nonaccrual loans		$	16,514			$	-			$	16,514			$	19,338			$	531			$	19,869

Loans are considered past due when either principal or interest payments become contractually delinquent by 30 days or more. The Company’s policy is to discontinue the accrual of interest, if warranted, on loans based on the payment status, evaluation of the related collateral, and the financial strength of the borrower. Loans that are 90 days or more past due are placed on nonaccrual status. Management may elect to continue the accrual of interest when the loan is well secured and in process of collection. When interest accruals are discontinued, interest accrued and not collected in the current year is reversed from income, and interest accrued and not collected from prior years is charged to the allowance for credit losses. Nonaccrual loans may be returned to accrual status when all principal and interest amounts contractually due, including past due payments, are brought current; the ability of the borrower to repay the obligation is reasonably assured; and there is generally a period of at least six months of repayment performance by the borrower in accordance with the contractual terms. There was no material nonaccrual loan interest recognized in income during the third quarter of 2025 or 2024.

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:

		*September 30, 2025*
																										*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		$	53			$	7			$	122			$	182			$	62,996			$	63,178			$	-
Commercial and industrial			699				201				1,264				2,164				251,590				253,754				-
Multi-family residential			54				-				-				54				190,809				190,863				-
Single family non-owner occupied			1,001				-				658				1,659				177,641				179,300				-
Non-farm, non-residential			1,674				96				1,212				2,982				828,638				831,620				-
Agricultural			290				-				1,016				1,306				12,314				13,620				-
Farmland			46				-				-				46				11,006				11,052				-
Consumer real estate loans
Home equity lines			373				143				295				811				83,209				84,020				-
Single family owner occupied			4,362				1,953				2,948				9,263				623,446				632,709				-
Owner occupied construction			-				-				-				-				3,957				3,957				-
Consumer and other loans
Consumer loans			1,947				733				516				3,196				61,528				64,724				-
Other			-				-				-				-				2,508				2,508				-
Total loans		$	10,499			$	3,133			$	8,031			$	21,663			$	2,309,642			$	2,331,305			$	-

		*December 31, 2024*
																										*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		$	40			$	2,424			$	143			$	2,607			$	69,712			$	72,319				-
Commercial and industrial			1,100				295				2,285				3,680				229,174				232,854				-
Multi-family residential			-				-				-				-				199,521				199,521				-
Single family non-owner occupied			1,228				434				500				2,162				193,426				195,588				-
Non-farm, non-residential			3,182				123				1,457				4,762				847,461				852,223				-
Agricultural			159				67				492				718				15,958				16,676				-
Farmland			11				2				142				155				12,156				12,311				-
Consumer real estate loans
Home equity lines			599				230				558				1,387				88,840				90,227				-
Single family owner occupied			5,812				1,457				3,974				11,243				639,063				650,306				-
Owner occupied construction			-				-				-				-				4,491				4,491				-
Consumer and other loans
Consumer loans			2,960				932				560				4,452				83,306				87,758				-
Other			-				-				-				-				1,815				1,815				-
Total loans		$	15,091			$	5,964			$	10,111			$	31,166			$	2,384,923			$	2,416,089				-

ASC 326 prescribes that when an entity determines foreclosure is probable, the expected credit loss can 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.

		*September 30, 2025*												*December 31, 2024*
(Amounts in thousands)		*Balance*				*Collateral Coverage*				%				*Balance*				*Collateral Coverage*				%
Commercial Real Estate		$	-			$	-				-			$	-			$	-				-
Other			-				-				-				531				645				121.57	%
Total collateral dependent loans		$	-			$	-				-			$	531			$	645				121.57	%

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 dates indicated:

		*Payment Delays*
		*Amortized Cost Basis*				*% of Total Class of*
		*September 30, 2025*				*Financing Receivable*			*Financial Effect*

(Amounts in thousands)
Non Farm, Non Residential Property		$	589				0.07	%	Interest only payments for six months; deferred payments to maturity.
Single Family Owner Occupied			479				0.08	%	Deferred $66 thousand in principal to loan maturity.
Single Family Non Owner Occupied			22				0.01	%	Deferred 6 months of principal to loan maturity.
Commercial & Industrial			13				0.10	%	Deferred 6 months of interest to loan maturity.
Total		$	1,103

		*Term Extensions*
		*Amortized Cost Basis*				*% of Total Class of*
		*September 30, 2025*				*Financing Receivable*			*Financial Effect*

(Amounts in thousands)
Single Family Owner Occupied		$	69				0.01	%	Extended term 10.5 years.
Commercial & Industrial			35				0.01	%	Delayed repayment of P & I for 24-46 months.
Consumer			1				0.00	%	Extended term from 60 to 84 months.
Total		$	105

		*Term Extension and Rate Reduction*
		*Amortized Cost Basis*				*% of Total Class of*
		*September 30, 2025*				*Financing Receivable*			*Financial Effect*

(Amounts in thousands)
Single Family Owner Occupied		$	988				0.16	%	Reduced interest income and extended time to recover principal.
Consumer			5				0.01	%	Reduced rate to 10.5%; extended term by ten months.
Total		$	993

		*Interest Rate Reduction*
		*Amortized Cost Basis*				*% of Total Class of*
		*September 30, 2025*				*Financing Receivable*			*Financial Effect*

(Amounts in thousands)
Single Family Owner Occupied		$	90				0.01	%	Reduced interest rate from 3.15% to 1.95%.
Total		$	90

		Payment Delays
		Amortized Cost Basis				% of Total Class of
		December 31, 2024				Financing Receivable					Financial Effect

(Amounts in thousands)
Non Farm, Non Residential Property		$	625				0.07	%			Deferred 6 months of interest to Loan Maturity.
Single Family Owner Occupied			509				0.08	%			Deferred $66 thousand in Principal to Loan Maturity.
Single Family Non Owner Occupied			30				0.02	%			Deferred 6 months of interest to Loan Maturity.
Commercial & Industrial			135				0.06	%			Deferred $8 thousand in Principal to Loan Maturity.
Total		$	1,299

		Term Extensions
		Amortized Cost Basis				% of Total Class of
		December 31, 2024				Financing Receivable					Financial Effect

(Amounts in thousands)
Commercial & Industrial		$	144				0.06	%			Delayed repayment of P & I for two years.
Consumer			2				0.00	%			Extended term from 60 to 84 months.
Home Equity			2				0.00	%			Delayed repayment of P & I for two years.
Total		$	148

		Term Extension and Rate Reduction
		Amortized Cost Basis				% of Total Class of
		December 31, 2024				Financing Receivable					Financial Effect

(Amounts in thousands)
Single Family Owner Occupied		$	806				0.12	%			Reduced interest income and extended time to recover principal.
Consumer			7				0.01	%			Reduced rate to 10.5%; extended term by ten months.
Total		$	813

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. There were no modified loans (or portions of a loan) deemed uncollectible as of September 30, 2025, or December 31, 2024.

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 for the periods indicated:

		*September 30, 2025*
		*Payment Status (Amortized Cost Basis)*
		*Current*				*30-89 Days Past Due*				*90+ Days Past Due*
(Amounts in thousands)
Non Farm, Non Residential Property		$	589			$	-			$	-
Single Family Owner Occupied			1,248				213				165
Single Family Non Owner Occupied			22				-				-
Agricultural			-				-				-
Commercial & Industrial			48				-				-
Consumer			6				-				-
Home Equity			-				-				-
Total		$	1,913			$	213			$	165

		*December 31, 2024*
		*Payment Status (Amortized Cost Basis)*
		*Current*				*30-89 Days Past Due*				*90+ Days Past Due*

(Amounts in thousands)
Non Farm, Non Residential Property		$	625			$	-			$	-
Single Family Owner Occupied			1,140				174				-
Single Family Non Owner Occupied			-				30				-
Commercial & Industrial			144				-				135
Consumer			10				-				-
Home Equity			2
Total		$	1,921			$	204			$	135

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

		*September 30, 2025*				*December 31, 2024*
(Amounts in thousands)
OREO		$	264			$	521

OREO secured by residential real estate		$	264			$	521
Residential real estate loans in the foreclosure process⁽¹⁾		$	1,499			$	2,625

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