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

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

(Dollars in thousands)
		2020				2019
Agricultural		$	53,735			$	57,339
Commercial and industrial			303,527				148,083
Consumer			34,014				38,854
Real estate - commercial			469,247				326,379
Real estate - construction			16,639				13,411
Real estate - residential			192,506				217,982
Loans, gross		$	1,069,668			$	802,048
Allowance for Loan Losses			(7,593	)			(4,057	)
Loans, net		$	1,062,075			$	797,991

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

(Dollars in thousands)		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
		Impaired				Non-impaired				Total
Balance, January 1, 2019		$	-			$	-			$	-
Merger with County Bank Corp on October 1, 2019			185				1,894				2,079
Accretion October 1, 2019 through December 31, 2019			-				(75	)			(75	)
Balance, January 1, 2020			185				1,819				2,004
Accretion January 1, 2020 through December 31, 2020			(50	)			(295	)			(345	)
Balance, December 31, 2020		$	135			$	1,524			$	1,659

(Dollars in thousands)		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

(Dollars in thousands)		Acquired				Acquired
		Impaired				Non-impaired				Total
Balance, January 1, 2020		$	-			$	-			$	-
Merger with Community Shores Bank Corporation on July 1, 2020			869				596				1,465
Accretion July 1, 2020 through December 31, 2020			(26	)			(141	)			(167	)
Balance, December 31, 2020		$	843			$	455			$	1,298

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 Year Ended December 31, 2020
Beginning balance		$	471			$	655			$	270			$	1,663			$	76			$	640			$	282			$	4,057
Charge-offs			(15	)			(148	)			(329	)			(254	)			—				(8	)			—				(754	)
Recoveries			—				57				204				10				—				19				—				290
Provision			(199	)			763				172				2,759				21				649				(165	)			4,000
Ending balance		$	257			$	1,327			$	317			$	4,178			$	97			$	1,300			$	117			$	7,593
Individually evaluated for impairment		$	—			$	19			$	1			$	157			$	—			$	254			$	—			$	431
Collectively evaluated for impairment		$	257			$	1,308			$	316			$	4,021			$	97			$	1,046			$	117			$	7,162
Loans
December 31, 2020
Individually evaluated for impairment		$	348			$	1,663			$	8			$	3,032			$	80			$	2,720							$	7,851
Collectively evaluated for impairment			53,387				295,154				33,982				453,681				16,559				186,982								1,039,745
Acquired with deteriorated credit quality			—				6,710				24				12,534				—				2,804								22,072
Ending balance		$	53,735			$	303,527			$	34,014			$	469,247			$	16,639			$	192,506							$	1,069,668

						Commercial
(Dollars in thousands)						and								Commercial				Construction				Residential
		Agricultural				Industrial				Consumer				Real Estate				Real Estate				Real Estate				Unallocated				Total
Allowance for Loan Losses Year Ended December 31, 2019
Beginning balance		$	481			$	892			$	254			$	1,926			$	38			$	537			$	545			$	4,673
Charge-offs			-				(83	)			(292	)			(589	)			-				(25	)			-				(989	)
Recoveries			65				22				136				26				-				124				-				373
Provision			(75	)			(176	)			172				300				38				4				(263	)			-
Ending balance		$	471			$	655			$	270			$	1,663			$	76			$	640			$	282			$	4,057
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

						Commercial
(Dollars in thousands)						and								Commercial				Construction				Residential
		Agricultural				Industrial				Consumer				Real Estate				Real Estate				Real Estate				Unallocated				Total
Allowance for Loan Losses Year Ended December 31, 2018
Beginning balance		$	506			$	1,001			$	262			$	1,761			$	35			$	726			$	286			$	4,577
Charge-offs			-				(58	)			(282	)			-				-				(25	)			-				(365	)
Recoveries			33				107				112				61				-				113				-				426
Provision			(58	)			(158	)			162				104				3				(277	)			259				35
Ending balance		$	481			$	892			$	254			$	1,926			$	38			$	537			$	545			$	4,673
Individually evaluated for impairment		$	94			$	3			$	13			$	20			$	-			$	167			$	-			$	297
Collectively evaluated for impairment		$	387			$	889			$	241			$	1,906			$	38			$	370			$	545			$	4,376
Loans
December 31, 2018
Individually evaluated for impairment		$	578			$	21			$	90			$	623			$	-			$	2,712							$	4,024
Collectively evaluated for impairment			48,531				91,385				24,292				138,830				8,843				93,168								405,049
Ending balance		$	49,109			$	91,406			$	24,382			$	139,453			$	8,843			$	95,880							$	409,073

Financing Receivable Credit Quality Indicators [Table Text Block]

(Dollars in thousands)		Agricultural								Commercial and Industrial								Commercial Real Estate
		December 31,				December 31,				December 31,				December 31,				December 31,				December 31,
		2020				2019				2020				2019				2020				2019
Pass		$	50,185			$	55,866			$	294,614			$	146,728			$	453,080			$	322,105
Special Mention			3,202				1,094				4,101				1,081				6,006				1,332
Substandard			348				379				4,812				274				8,925				2,942
Doubtful			-				-				-				-				1,236				-
		$	53,735			$	57,339			$	303,527			$	148,083			$	469,247			$	326,379

(Dollars in thousands)		Consumer								Construction Real Estate								Residential Real Estate
		December 31,				December 31,				December 31,				December 31,				December 31,				December 31,
		2020				2019				2020				2019				2020				2019
Performing		$	34,006			$	38,838			$	16,559			$	13,411			$	191,125			$	216,651
Nonperforming			-				-				-				-				-				-
Nonaccrual			8				16				80				-				1,381				1,331
		$	34,014			$	38,854			$	16,639			$	13,411			$	192,506			$	217,982

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

		Year Ended December 31, 2020
						Pre-				Post-
						Modification				Modification
						Outstanding				Outstanding
(Dollars in thousands)		Number of				Recorded				Recorded
		Loans				Investment				Investment
Agricultural			1			$	62			$	62
Commercial and Industrial			1				53				53
Commercial Real Estate			3				1,852				1,852
Total			5			$	1,967			$	1,967

		Year Ended
		December 31, 2020
(Dollars in thousands)		Number				Recorded
		of Loans				Investment
Commercial Real Estate			2			$	1,666
Total			2			$	1,666

Impaired Financing Receivables [Table Text Block]

						Unpaid								Average				Interest
(Dollars in thousands)		Recorded				Principal				Related				Recorded				Income
		Investment				Balance				Allowance				Investment				Recognized
December 31, 2020
With no related allowance recorded
Agricultural		$	348			$	434			$	-			$	329			$	-
Commercial and industrial			1,516				1,629				-				464				2
Consumer			-				-				-				1				-
Construction real estate			80				80				-				16				-
Commercial real estate			1,852				2,664				-				1,495				14
Residential real estate			162				162				-				99				3
Subtotal			3,958				4,969				-				2,404				19
With an allowance recorded
Agricultural			-				-				-				152				-
Commercial and industrial			147				147				19				111				12
Consumer			8				8				1				16				-
Construction real estate			-				-				-				-				-
Commercial real estate			1,180				1,180				157				897				35
Residential real estate			2,558				2,651				254				2,330				87
Subtotal			3,893				3,986				431				3,506				134
Total
Agricultural			348				434				-				481				-
Commercial and industrial			1,663				1,776				19				575				14
Consumer			8				8				1				17				-
Construction real estate			80				80				-				16				-
Commercial real estate			3,032				3,844				157				2,392				49
Residential real estate			2,720				2,813				254				2,429				90
Total		$	7,851			$	8,955			$	431			$	5,910			$	153

						Unpaid								Average				Interest
(Dollars in thousands)		Recorded				Principal				Related				Recorded				Income
		Investment				Balance				Allowance				Investment				Recognized
December 31, 2019
With no related allowance recorded
Agricultural		$	545			$	545			$	-			$	146			$	10
Commercial and industrial			259				340				-				104				9
Consumer			-				-				-				-				-
Construction real estate			-				-				-				-				-
Commercial real estate			1,882				2,471				-				782				30
Residential real estate			42				42				-				133				4
Subtotal			2,728				3,398				-				1,165				53
With an allowance recorded
Agricultural			379				439				103				388				-
Commercial and industrial			-				-				-				86				1
Consumer			17				18				4				48				-
Construction real estate			-				-				-				-				-
Commercial real estate			406				406				13				975				32
Residential real estate			2,392				2,460				235				2,486				83
Subtotal			3,194				3,323				355				3,983				116
Total
Agricultural			924				984				103				534				10
Commercial and industrial			259				340				-				190				10
Consumer			17				18				4				48				-
Construction real estate			-				-				-				-				-
Commercial real estate			2,288				2,877				13				1,757				62
Residential real estate			2,434				2,502				235				2,619				87
Total		$	5,922			$	6,721			$	355			$	5,148			$	169

						Unpaid								Average				Interest
(Dollars in thousands)		Recorded				Principal				Related				Recorded				Income
		Investment				Balance				Allowance				Investment				Recognized
December 31, 2018
With no related allowance recorded
Agricultural		$	185			$	185			$	-			$	291			$	-
Commercial and industrial			-				-				-				29				2
Consumer			1				1				-				2				8
Construction real estate			-				-				-				54				-
Commercial real estate			74				109				-				78				30
Residential real estate			250				261				-				177				114
Subtotal			510				556				-				631				154
With an allowance recorded
Agricultural			393				440				94				161				13
Commercial and industrial			21				21				3				296				-
Consumer			88				88				13				59				-
Construction real estate			-				-				-				-				-
Commercial real estate			550				609				20				692				-
Residential real estate			2,462				2,494				167				2,523				6
Subtotal			3,514				3,652				297				3,731				19
Total
Agricultural			578				625				94				452				13
Commercial and industrial			21				21				3				325				2
Consumer			90				90				13				61				8
Construction real estate			-				-				-				54				-
Commercial real estate			623				718				20				770				30
Residential real estate			2,712				2,755				167				2,700				120
Total		$	4,024			$	4,209			$	297			$	4,362			$	173

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
December 31, 2020
Agricultural		$	-			$	-			$	-			$	-			$	53,735			$	53,735			$	-
Commercial and industrial			-				109				515				624				302,903				303,527				-
Consumer			39				-				-				39				33,975				34,014				-
Commercial real estate			532				44				1,744				2,320				466,927				469,247				-
Construction real estate			1,076				180				80				1,336				15,303				16,639				-
Residential real estate			1,563				256				352				2,171				190,335				192,506				-
		$	3,210			$	589			$	2,691			$	6,490			$	1,063,178			$	1,069,668			$	-
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)
		2020				2019
Agricultural		$	348			$	379
Commercial and industrial			1,802				776
Consumer			8				16
Commercial real estate			3,088				2,185
Construction real estate			80				-
Residential real estate			1,381				1,331
		$	6,707			$	4,687

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-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953682-111524

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