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Note 3 - Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Financing Receivable, Allowance for Credit Loss [Table Text Block]

						Commercial
(Dollars in thousands)						and								Commercial				Construction				Residential
		Agricultural				Industrial				Consumer				Real Estate				Real Estate				Real Estate				Unallocated				Total
Allowance for Loan Losses Three Months Ended September 30, 2020
Beginning balance		$	252			$	1,398			$	243			$	2,833			$	79			$	945			$	-			$	5,750
Charge-offs			—				(29	)			(58	)			(255	)			—				(1	)			—				(343	)
Recoveries			—				1				46				4				—				2				—				53
Provision			17				(285	)			48				961				31				122				331				1,225
Ending balance		$	269			$	1,085			$	279			$	3,543			$	110			$	1,068			$	331			$	6,685
Allowance for Loan Losses Nine Months Ended September 30, 2020
Beginning balance		$	471			$	655			$	270			$	1,663			$	76			$	640			$	282			$	4,057
Charge-offs			—				(46	)			(242	)			(255	)			—				(8	)			—				(551	)
Recoveries			—				2				156				4				—				17				—				179
Provision			(202	)			474				95				2,131				34				419				49				3,000
Ending balance		$	269			$	1,085			$	279			$	3,543			$	110			$	1,068			$	331			$	6,685
Individually evaluated for impairment		$	—			$	1			$	1			$	13			$	—			$	218			$	—			$	233
Collectively evaluated for impairment		$	269			$	1,084			$	278			$	3,530			$	110			$	850			$	331			$	6,452
Loans
September 30, 2020
Individually evaluated for impairment		$	373			$	345			$	19			$	2,149			$	—			$	2,203							$	5,089
Collectively evaluated for impairment			53,130				297,886				34,104				449,041				16,489				199,930								1,050,580
Acquired with deteriorated credit quality			—				7,889				30				12,116				—				3,092								23,127
Ending balance		$	53,503			$	306,120			$	34,153			$	463,306			$	16,489			$	205,225							$	1,078,796

						Commercial
(Dollars in thousands)						and								Commercial				Construction				Residential
		Agricultural				Industrial				Consumer				Real Estate				Real Estate				Real Estate				Unallocated				Total
Allowance for Loan Losses Three Months Ended September 30, 2019
Beginning balance		$	362			$	818			$	335			$	2,398			$	43			$	522			$	323			$	4,801
Charge-offs			-				(81	)			(71	)			(589	)			-				(11	)			-				(752	)
Recoveries			-				1				25				16				-				5				-				47
Provision			111				(87	)			(27	)			(182	)			5				(80	)			260				-
Ending balance		$	473			$	651			$	262			$	1,643			$	48			$	436			$	583			$	4,096
Allowance for Loan Losses Nine Months Ended September 30, 2019
Beginning balance		$	481			$	892			$	254			$	1,926			$	38			$	537			$	545			$	4,673
Charge-offs			-				(83	)			(222	)			(589	)			-				(25	)			-				(919	)
Recoveries			65				21				113				22				-				121				-				342
Provision			(73	)			(179	)			117				284				10				(197	)			38				-
Ending balance		$	473			$	651			$	262			$	1,643			$	48			$	436			$	583			$	4,096
Individually evaluated for impairment		$	85			$	2			$	4			$	14			$	-			$	186			$	-			$	291
Collectively evaluated for impairment		$	388			$	649			$	258			$	1,629			$	48			$	250			$	583			$	3,805
Loans
September 30, 2019
Individually evaluated for impairment		$	389			$	279			$	20			$	2,331			$	-			$	2,646							$	5,665
Collectively evaluated for impairment			49,668				81,252				24,388				141,975				11,188				92,670								401,141
Acquired with deteriorated credit quality			-				-				-				-				-				-								-
Ending balance		$	50,057			$	81,531			$	24,408			$	144,306			$	11,188			$	95,316							$	406,806

						Commercial
(Dollars in thousands)						and								Commercial				Construction				Residential
		Agricultural				Industrial				Consumer				Real Estate				Real Estate				Real Estate				Unallocated				Total
Allowance for Loan Losses
December 31, 2019
Individually evaluated for impairment		$	103			$	-			$	4			$	13			$	-			$	235			$	-			$	355
Collectively evaluated for impairment		$	368			$	655			$	266			$	1,650			$	76			$	405			$	282			$	3,702
Loans
December 31, 2019
Individually evaluated for impairment		$	924			$	259			$	17			$	2,288			$	-			$	2,434							$	5,922
Collectively evaluated for impairment			56,415				141,583				38,524				323,358				13,411				215,106								788,397
Acquired with deteriorated credit quality			-				6,241				313				733				-				442								7,729
Ending balance		$	57,339			$	148,083			$	38,854			$	326,379			$	13,411			$	217,982							$	802,048

Financing Receivable Credit Quality Indicators [Table Text Block]

(Dollars in thousands)		Agricultural								Commercial and Industrial								Commercial Real Estate
		September 30,				December 31,				September 30,				December 31,				September 30,				December 31,
		2020				2019				2020				2019				2020				2019
Pass		$	49,855			$	55,866			$	293,858			$	146,728			$	448,053			$	322,105
Special Mention			3,275				1,094				4,526				1,081				5,275				1,332
Substandard			373				379				7,736				274				8,505				2,942
Doubtful			-				-				-				-				1,473				-
		$	53,503			$	57,339			$	306,120			$	148,083			$	463,306			$	326,379

(Dollars in thousands)		Consumer								Construction Real Estate								Residential Real Estate
		September 30,				December 31,				September 30,				December 31,				September 30,				December 31,
		2020				2019				2020				2019				2020				2019
Performing		$	34,134			$	38,838			$	16,489			$	13,411			$	204,293			$	216,651
Nonperforming			-				-				-				-				157				-
Nonaccrual			19				16				-				-				775				1,331
		$	34,153			$	38,854			$	16,489			$	13,411			$	205,225			$	217,982

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

		Three Months Ended September 30, 2020												Nine Months Ended September 30, 2020
						Pre-				Post-								Pre-				Post-
						Modification				Modification								Modification				Modification
						Outstanding				Outstanding								Outstanding				Outstanding
(Dollars in thousands)		Number of				Recorded				Recorded				Number of				Recorded				Recorded
		Loans				Investment				Investment				Loans				Investment				Investment
Agricultural			-			$	-			$	-				1			$	67			$	67
Commercial Real Estate			-				-				-				2				1,666				1,666
Total			-			$	-			$	-				3			$	1,733			$	1,733

		Three Months Ended								Nine Months Ended
		September 30, 2020								September 30, 2020
(Dollars in thousands)		Number				Recorded				Number				Recorded
		of Loans				Investment				of Loans				Investment
Agricultural			1			$	67				1			$	67
Commercial Real Estate			2				1,666				2				1,666
Total			3			$	1,733				3			$	1,733

Impaired Financing Receivables [Table Text Block]

						Unpaid
(Dollars in thousands)		Recorded				Principal				Related
		Investment				Balance				Allowance
September 30, 2020
With no related allowance recorded
Agricultural		$	373			$	440			$	-
Commercial and industrial			284				395				-
Consumer			4				5				-
Construction real estate			-				-				-
Commercial real estate			1,859				2,664				-
Residential real estate			196				200				-
Subtotal			2,716				3,704				-
With an allowance recorded
Agricultural			-				-				-
Commercial and industrial			61				64				1
Consumer			15				16				1
Construction real estate			-				-				-
Commercial real estate			290				290				13
Residential real estate			2,007				2,068				218
Subtotal			2,373				2,438				233
Total
Agricultural			373				440				-
Commercial and industrial			345				459				1
Consumer			19				21				1
Construction real estate			-				-				-
Commercial real estate			2,149				2,954				13
Residential real estate			2,203				2,268				218
Total		$	5,089			$	6,142			$	233

						Unpaid
(Dollars in thousands)		Recorded				Principal				Related
		Investment				Balance				Allowance
December 31, 2019
With no related allowance recorded
Agricultural		$	545			$	545			$	-
Commercial and industrial			259				340				-
Consumer			-				-				-
Construction real estate			-				-				-
Commercial real estate			1,882				2,471				-
Residential real estate			42				42				-
Subtotal			2,728				3,398				-
With an allowance recorded
Agricultural			379				439				103
Commercial and industrial			-				-				-
Consumer			17				18				4
Construction real estate			-				-				-
Commercial real estate			406				406				13
Residential real estate			2,392				2,460				235
Subtotal			3,194				3,323				355
Total
Agricultural			924				984				103
Commercial and industrial			259				340				-
Consumer			18				18				4
Construction real estate			-				-				-
Commercial real estate			2,287				2,877				13
Residential real estate			2,434				2,502				235
Total		$	5,922			$	6,721			$	355

		Average				Interest
(Dollars in thousands)		Recorded				Income
		Investment				Recognized
Three Months Ended September 30, 2020
With no related allowance recorded
Agricultural		$	376			$	-
Commercial and industrial			142				-
Consumer			2				-
Construction real estate			-				-
Commercial real estate			929				3
Residential real estate			109				1
Subtotal			1,558				4
With an allowance recorded
Agricultural			-				-
Commercial and industrial			191				-
Consumer			20				-
Construction real estate			-				-
Commercial real estate			1,268				4
Residential real estate			2,163				17
Subtotal			3,642				21
Total
Agricultural			376				-
Commercial and industrial			333				-
Consumer			22				-
Construction real estate			-				-
Commercial real estate			2,197				7
Residential real estate			2,272				18
Total		$	5,200			$	25

		Average				Interest
(Dollars in thousands)		Recorded				Income
		Investment				Recognized
Three Months Ended September 30, 2019
With no related allowance recorded
Agricultural		$	-			$	-
Commercial and industrial			129				-
Consumer			-				-
Construction real estate			-				-
Commercial real estate			941				-
Residential real estate			109				1
Subtotal			1,179				1
With an allowance recorded
Agricultural			389				-
Commercial and industrial			191				-
Consumer			37				1
Construction real estate			-				-
Commercial real estate			1,693				13
Residential real estate			2,521				48
Subtotal			4,831				62
Total
Agricultural			389				-
Commercial and industrial			320				-
Consumer			37				1
Construction real estate			-				-
Commercial real estate			2,634				13
Residential real estate			2,630				49
Total		$	6,010			$	63

		Average				Interest
(Dollars in thousands)		Recorded				Income
		Investment				Recognized
Nine Months Ended September 30, 2020
With no related allowance recorded
Agricultural		$	324			$	-
Commercial and industrial			201				-
Consumer			1				-
Construction real estate			-				-
Commercial real estate			1,405				11
Residential real estate			84				5
Subtotal			2,015				16
With an allowance recorded
Agricultural			190				-
Commercial and industrial			102				-
Consumer			18				-
Construction real estate			-				-
Commercial real estate			826				16
Residential real estate			2,273				71
Subtotal			3,409				87
Total
Agricultural			514				-
Commercial and industrial			303				-
Consumer			19				-
Construction real estate			-				-
Commercial real estate			2,231				27
Residential real estate			2,357				76
Total		$	5,424			$	103

		Average				Interest
(Dollars in thousands)		Recorded				Income
		Investment				Recognized
Nine Months Ended September 30, 2019
With no related allowance recorded
Agricultural		$	46			$	-
Commercial and industrial			65				9
Consumer			-				-
Construction real estate			-				-
Commercial real estate			507				61
Residential real estate			156				4
Subtotal			774				74
With an allowance recorded
Agricultural			390				-
Commercial and industrial			107				2
Consumer			56				1
Construction real estate			-				-
Commercial real estate			1,117				27
Residential real estate			2,510				112
Subtotal			4,180				142
Total
Agricultural			436				-
Commercial and industrial			172				11
Consumer			56				1
Construction real estate			-				-
Commercial real estate			1,624				88
Residential real estate			2,666				116
Total		$	4,954			$	216

Financing Receivable, Past Due [Table Text Block]

										Loans
		Loans				Loans				Past Due																Loans
		Past Due				Past Due				Greater																90 Days Past
(Dollars in thousands)		30 to 59				60 to 89				Than 90								Loans Not				Total				Due and
		Days (1)				Days (1)				Days (1)				Total (1)				Past Due				Loans				Accruing
September 30, 2020
Agricultural		$	-			$	-			$	373			$	373			$	53,130			$	53,503			$	-
Commercial and industrial			369				-				666				1,035				305,085				306,120				-
Consumer			75				-				-				75				34,078				34,153				-
Commercial real estate			1,164				16				1,884				3,064				460,242				463,306				-
Construction real estate			-				663				-				663				15,826				16,489				-
Residential real estate			152				609				235				996				204,229				205,225				157
		$	1,760			$	1,288			$	3,158			$	6,206			$	1,072,590			$	1,078,796			$	157
December 31, 2019
Agricultural		$	-			$	68			$	-			$	68			$	57,271			$	57,339			$	-
Commercial and industrial			542				15				259				816				147,267				148,083				-
Consumer			121				19				11				151				38,703				38,854				-
Commercial real estate			-				-				1,882				1,882				324,497				326,379				-
Construction real estate			-				-				-				-				13,411				13,411				-
Residential real estate			2,466				582				393				3,441				214,541				217,982				-
		$	3,129			$	684			$	2,545			$	6,358			$	795,690			$	802,048			$	-

Financing Receivable, Nonaccrual [Table Text Block]

(Dollars in thousands)		September 30,				December 31,
		2020				2019
Agricultural		$	373			$	379
Commercial and industrial			727				776
Consumer			20				16
Commercial real estate			3,186				2,185
Construction real estate			-				-
Residential real estate			775				1,331
		$	5,081			$	4,687

Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block]

		Acquired				Acquired				Acquired
		Impaired				Non-impaired				Total
Loans acquired - contractual payments		$	7,729			$	387,394			$	395,123
Nonaccretable difference			(2,928	)			-				(2,928	)
Expected cash flows			4,801				387,394				392,195
Accretable yield			(185	)			(1,894	)			(2,079	)
Carrying balance at acquisition date		$	4,616			$	385,500			$	390,116

(Dollars in thousands)		Acquired				Acquired				Acquired
		Impaired				Non-impaired				Total
Balance, January 1, 2020		$	(185	)		$	(1,819	)		$	(2,004	)
Accretion January 1, 2020 through June 30, 2020			45				61				106
Balance, June 30, 2020			(140	)			(1,758	)			(1,898	)
Accretion July 1, 2020 through September 30, 2020			2				194				196
Balance, September 30, 2020		$	(138	)		$	(1,564	)		$	(1,702	)

		Acquired				Acquired				Acquired
		Impaired				Non-impaired				Total
Loans acquired - contractual payments		$	20,491			$	158,495			$	178,986
Nonaccretable difference			(3,547	)			-				(3,547	)
Expected cash flows			16,944				158,495				175,439
Accretable yield			(869	)			(596	)			(1,465	)
Carrying balance at acquisition date		$	16,075			$	157,899			$	173,974

		Acquired				Acquired				Acquired
		Impaired				Non-impaired				Total
Balance, July 1, 2020		$	(869	)		$	(596	)		$	(1,465	)
Accretion July 1, 2020 through September 30, 2020			20				82				102
Balance, September 30, 2020		$	(849	)		$	(514	)		$	(1,363	)

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-Topic 326
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-Section 50
-Paragraph 16
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Tabular disclosure of financing receivable modified as troubled debt restructuring.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953676-111524

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-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
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