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

3 Months Ended

Mar. 31, 2021

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 March 31, 2021
Beginning balance		$	257			$	1,327			$	317			$	4,178			$	97			$	1,300			$	117			$	7,593
Charge-offs			—				(74	)			(71	)			(48	)			—				-				—				(193	)
Recoveries			—				9				79				-				—				2				—				90
Provision			85				337				(78	)			215				(23	)			(278	)			(8	)			250
Ending balance		$	342			$	1,599			$	247			$	4,345			$	74			$	1,024			$	109			$	7,740
Individually evaluated for impairment		$	114			$	2			$	—			$	10			$	—			$	213			$	—			$	339
Collectively evaluated for impairment		$	227			$	1,596			$	246			$	4,337			$	75			$	811			$	109			$	7,401
Loans
March 31, 2021
Individually evaluated for impairment		$	3,173			$	1,626			$	—			$	3,001			$	—			$	2,589							$	10,389
Collectively evaluated for impairment			43,513				290,140				32,311				448,261				15,670				174,562								1,004,457
Acquired with deteriorated credit quality			—				6,284				19				11,159				—				2,775								20,237
Ending balance		$	46,686			$	298,050			$	32,330			$	462,421			$	15,670			$	179,926							$	1,035,083

						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 March 31, 2020
Beginning balance		$	471			$	655			$	270			$	1,663			$	76			$	640			$	282			$	4,057
Charge-offs			-				-				(89	)			-				-				-				-				(89	)
Recoveries			-				1				44				-				-				2				-				47
Provision			(124	)			197				(5	)			297				48				419				(57	)			775
Ending balance		$	347			$	853			$	220			$	1,960			$	124			$	1,061			$	225			$	4,790
Individually evaluated for impairment		$	98			$	-			$	1			$	13			$	-			$	266			$	-			$	378
Collectively evaluated for impairment		$	249			$	853			$	219			$	1,947			$	124			$	795			$	225			$	4,412
Loans
March 31, 2020
Individually evaluated for impairment		$	379			$	259			$	16			$	2,272			$	-			$	2,449							$	5,375
Collectively evaluated for impairment			50,104				136,989				34,236				348,365				17,525				213,706								800,925
Acquired with deteriorated credit quality			-				3,953				-				1,116				-				208								5,277
Ending balance		$	50,483			$	141,201			$	34,252			$	351,753			$	17,525			$	216,363							$	811,577

						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, 2020
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

Financing Receivable Credit Quality Indicators [Table Text Block]

(Dollars in thousands)		Agricultural								Commercial and Industrial								Commercial Real Estate
		March 31,				December 31,				March 31,				December 31,				March 31,				December 31,
		2021				2020				2021				2020				2021				2020
Pass		$	43,145			$	50,185			$	289,781			$	294,614			$	449,666			$	453,080
Special Mention			368				3,202				2,109				4,101				3,674				6,006
Substandard			3,173				348				6,160				4,812				9,081				8,925
Doubtful			-				-				-				-				-				1,236
		$	46,686			$	53,735			$	298,050			$	303,527			$	462,421			$	469,247

(Dollars in thousands)		Consumer								Construction Real Estate								Residential Real Estate
		March 31,				December 31,				March 31,				December 31,				March 31,				December 31,
		2021				2020				2021				2020				2021				2020
Performing		$	32,330			$	34,006			$	15,670			$	16,559			$	178,650			$	191,125
Nonperforming			-				-				-				-				-				-
Nonaccrual			-				8				-				80				1,276				1,381
		$	32,330			$	34,014			$	15,670			$	16,639			$	179,926			$	192,506

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

		Three Months Ended March 31, 2021
						Pre-				Post-
						Modification				Modification
						Outstanding				Outstanding
(Dollars in thousands)		Number of				Recorded				Recorded
		Loans				Investment				Investment
Agricultural			6			$	2,326			$	2,326
Commercial Real Estate			1				958				958
Total			7			$	3,284			$	3,284

		Three Months Ended
		March 31, 2021
(Dollars in thousands)		Number				Recorded
		of Loans				Investment
Commercial and industrial			1			$	52
Commercial Real Estate			3				1,850
Total			4			$	1,902

Impaired Financing Receivables [Table Text Block]

						Unpaid
(Dollars in thousands)		Recorded				Principal				Related
		Investment				Balance				Allowance
March 31, 2021
With no related allowance recorded
Agricultural		$	348			$	434			$	-
Commercial and industrial			1,463				1,574				-
Consumer			-				-				-
Construction real estate			-				-				-
Commercial real estate			2,624				3,429				-
Residential real estate			172				176				-
Subtotal			4,607				5,613				-
With an allowance recorded
Agricultural			2,825				2,825				114
Commercial and industrial			163				165				2
Consumer			-				-				-
Construction real estate			-				-				-
Commercial real estate			377				384				10
Residential real estate			2,417				2,495				212
Subtotal			5,782				5,869				338
Total
Agricultural			3,173				3,259				114
Commercial and industrial			1,626				1,739				2
Consumer			-				-				-
Construction real estate			-				-				-
Commercial real estate			3,001				3,813				10
Residential real estate			2,589				2,671				212
Total		$	10,389			$	11,482			$	338

						Unpaid
(Dollars in thousands)		Recorded				Principal				Related
		Investment				Balance				Allowance
December 31, 2020
With no related allowance recorded
Agricultural		$	348			$	434			$	-
Commercial and industrial			1,516				1,629				-
Consumer			-				-				-
Construction real estate			80				80				-
Commercial real estate			1,852				2,664				-
Residential real estate			162				162				-
Subtotal			3,958				4,969				-
With an allowance recorded
Agricultural			-				-				-
Commercial and industrial			147				147				19
Consumer			8				8				1
Construction real estate			-				-				-
Commercial real estate			1,180				1,180				157
Residential real estate			2,558				2,651				254
Subtotal			3,893				3,986				431
Total
Agricultural			348				434				-
Commercial and industrial			1,663				1,776				19
Consumer			9				8				1
Construction real estate			80				80				-
Commercial real estate			3,031				3,844				157
Residential real estate			2,720				2,813				254
Total		$	7,851			$	8,955			$	431

		Average				Interest
(Dollars in thousands)		Recorded				Income
		Investment				Recognized
Three Months Ended March 31, 2021
With no related allowance recorded
Agricultural		$	348			$	-
Commercial and industrial			1,490				-
Consumer			-				-
Construction real estate			40				-
Commercial real estate			2,238				3
Residential real estate			166				1
Subtotal			4,282				4
With an allowance recorded
Agricultural			1,413				-
Commercial and industrial			155				-
Consumer			4				-
Construction real estate			-				-
Commercial real estate			778				4
Residential real estate			2,488				17
Subtotal			4,838				21
Total
Agricultural			1,761				-
Commercial and industrial			1,645				-
Consumer			4				-
Construction real estate			40				-
Commercial real estate			3,016				7
Residential real estate			2,654				18
Total		$	9,120			$	25

		Average				Interest
(Dollars in thousands)		Recorded				Income
		Investment				Recognized
Three Months Ended March 31, 2020
With no related allowance recorded
Agricultural		$	272			$	-
Commercial and industrial			259				-
Consumer			-				-
Construction real estate			-				-
Commercial real estate			1,882				-
Residential real estate			59				-
Subtotal			2,472				-
With an allowance recorded
Agricultural			379				-
Commercial and industrial			7				-
Consumer			16				-
Construction real estate			-				-
Commercial real estate			391				7
Residential real estate			2,383				30
Subtotal			3,176				37
Total
Agricultural			651				-
Commercial and industrial			266				-
Consumer			17				-
Construction real estate			-				-
Commercial real estate			2,272				7
Residential real estate			2,442				30
Total		$	5,648			$	37

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
March 31, 2021
Agricultural		$	-			$	-			$	-			$	-			$	46,686			$	46,686			$	-
Commercial and industrial			182				-				413				595				297,455				298,050				-
Consumer			11				-				-				11				32,319				32,330				-
Commercial real estate			184				-				1,666				1,850				460,571				462,421				-
Construction real estate			492				-				-				492				15,178				15,670				-
Residential real estate			1,742				-				79				1,821				178,105				179,926				-
		$	2,611			$	-			$	2,158			$	4,769			$	1,030,314			$	1,035,083			$	-
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			$	-

Financing Receivable, Nonaccrual [Table Text Block]

(Dollars in thousands)		March 31,				December 31,
		2021				2020
Agricultural		$	348			$	348
Commercial and industrial			1,699				1,802
Consumer			-				8
Commercial real estate			1,850				3,088
Construction real estate			-				80
Residential real estate			1,276				1,381
		$	5,173			$	6,707

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, 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
Accretion January 1, 2021 through March 31, 2021			(5	)			(76	)			(81	)
Balance, March 31, 2021		$	130			$	1,448			$	1,578

		Acquired				Acquired				Acquired
		Impaired				Non-impaired				Total
Loans acquired - contractual payments		$	20,491			$	158,495			$	178,986
Nonaccretable difference			(2,719	)			-				(2,719	)
Expected cash flows			17,772				158,495				176,267
Accretable yield			(869	)			(596	)			(1,465	)
Carrying balance at acquisition date		$	16,903			$	157,899			$	174,802

		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
Accretion January 1, 2021 through March 31, 2021			(328	)			(198	)			(526	)
Balance, March 31, 2021		$	515			$	257			$	772

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