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

9 Months Ended

Sep. 30, 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 September 30, 2021
Beginning balance		$	374			$	1,523			$	243			$	4,377			$	74			$	860			$	499			$	7,950
Charge-offs			-				(96	)			(98	)			(63	)			-				-				-				(257	)
Recoveries			-				7				54				-				-				1				-				62
Provision			144				168				33				(154	)			39				80				(310	)			-
Ending balance		$	518			$	1,602			$	232			$	4,160			$	113			$	941			$	189			$	7,755
Allowance for Loan Losses Nine Months Ended September 30, 2021
Beginning balance		$	257			$	1,327			$	317			$	4,178			$	97			$	1,300			$	117			$	7,593
Charge-offs			-				(195	)			(244	)			(111	)			-				-				-				(550	)
Recoveries			-				80				168				43				-				5				-				296
Provision			261				390				(9	)			50				16				(364	)			72				416
Ending balance		$	518			$	1,602			$	232			$	4,160			$	113			$	941			$	189			$	7,755
Individually evaluated for impairment		$	124			$	174			$	-			$	8			$	-			$	177			$	-			$	483
Collectively evaluated for impairment		$	394			$	1,428			$	232			$	4,152			$	113			$	764			$	189			$	7,272
Loans
September 30, 2021
Individually evaluated for impairment		$	3,051			$	296			$	-			$	418			$	-			$	2,191							$	5,956
Collectively evaluated for impairment			60,394				211,695				33,793				474,425				18,238				165,913								964,458
Acquired with deteriorated credit quality			-				5,251				13				10,489				-				2,190								17,943
Ending balance		$	63,445			$	217,242			$	33,806			$	485,332			$	18,238			$	170,294							$	988,357

						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
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
		September 30,				December 31,				September 30,				December 31,				September 30,				December 31,
		2021				2020				2021				2020				2021				2020
Pass		$	60,042			$	50,185			$	214,493			$	294,614			$	477,227			$	453,080
Special Mention			352				3,202				1,133				4,101				2,105				6,006
Substandard			3,051				348				1,320				4,812				5,758				8,925
Doubtful			-				-				296				-				242				1,236
		$	63,445			$	53,735			$	217,242			$	303,527			$	485,332			$	469,247

(Dollars in thousands)		Consumer								Construction Real Estate								Residential Real Estate
		September 30,				December 31,				September 30,				December 31,				September 30,				December 31,
		2021				2020				2021				2020				2021				2020
Performing		$	33,806			$	34,006			$	18,238			$	16,559			$	169,443			$	191,125
Nonperforming			-				-				-				-				-				-
Nonaccrual			-				8				-				80				851				1,381
		$	33,806			$	34,014			$	18,238			$	16,639			$	170,294			$	192,506

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

		Three Months Ended September 30, 2021												Nine Months Ended September 30, 2021
						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			-			$	-			$	-				6			$	2,210			$	2,210
Commercial Real Estate			1				493				493				2				931				931
Total			1			$	493			$	493				8			$	3,141			$	3,141

		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, 2021
With no related allowance recorded
Agricultural		$	341			$	434			$	-
Commercial and industrial			-				-				-
Consumer			-				-				-
Construction real estate			-				-				-
Commercial real estate			242				242				-
Residential real estate			171				175				-
Subtotal			754				851				-
With an allowance recorded
Agricultural			2,710				2,709				124
Commercial and industrial			296				312				174
Consumer			-				-				-
Construction real estate			-				176				-
Commercial real estate			176				-				8
Residential real estate			2,020				2,075				177
Subtotal			5,202				5,272				483
Total
Agricultural			3,051				3,143				124
Commercial and industrial			296				312				174
Consumer			-				-				-
Construction real estate			-				176				-
Commercial real estate			418				242				8
Residential real estate			2,191				2,250				177
Total		$	5,956			$	6,123			$	483

						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 September 30, 2021
With no related allowance recorded
Agricultural		$	989			$	-
Commercial and industrial			-				-
Consumer			-				-
Construction real estate			-				-
Commercial real estate			507				2
Residential real estate			320				-
Subtotal			1,816				2
With an allowance recorded
Agricultural			2,119				36
Commercial and industrial			240				2
Consumer			-				-
Construction real estate			-				-
Commercial real estate			272				2
Residential real estate			1,943				14
Subtotal			4,574				54
Total
Agricultural			3,108				36
Commercial and industrial			240				2
Consumer			-				-
Construction real estate			-				-
Commercial real estate			779				4
Residential real estate			2,263				14
Total		$	6,390			$	56

		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
Nine Months Ended September 30, 2021
With no related allowance recorded
Agricultural		$	669			$	52
Commercial and industrial			745				-
Consumer			-				-
Construction real estate			20				-
Commercial real estate			1,372				34
Residential real estate			243				-
Subtotal			3,049				86
With an allowance recorded
Agricultural			1,766				71
Commercial and industrial			198				3
Consumer			2				-
Construction real estate			-				-
Commercial real estate			525				8
Residential real estate			2,215				47
Subtotal			4,706				129
Total
Agricultural			2,435				123
Commercial and industrial			943				3
Consumer			2				-
Construction real estate			20				-
Commercial real estate			1,897				42
Residential real estate			2,458				47
Total		$	7,755			$	215

		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

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, 2021
Agricultural		$	-			$	-			$	-			$	-			$	63,445			$	63,445			$	-
Commercial and industrial			83				305				296				684				216,558				217,242				-
Consumer			5				-				-				5				33,801				33,806				-
Commercial real estate			94				-				243				337				484,995				485,332				-
Construction real estate			-				-				-				-				18,238				18,238				-
Residential real estate			12				276				182				470				169,824				170,294				-
		$	194			$	581			$	721			$	1,496			$	986,861			$	988,357			$	-
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)		September 30,				December 31,
		2021				2020
Agricultural		$	342			$	348
Commercial and industrial			296				1,802
Consumer			-				8
Commercial real estate			242				3,088
Construction real estate			-				80
Residential real estate			851				1,381
		$	1,731			$	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, 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 September 30, 2021			-				(233	)			(233	)
Transfer from non-accretable to accretable yield			400				-				400
Balance, September 30, 2021		$	535			$	1,291			$	1,826

		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

		Acquired				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
Accretion January 1, 2021 through September 30, 2021			(298	)			(258	)			(556	)
Balance, September 30, 2021		$	545			$	197			$	742

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- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

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- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
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-Topic 326
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447

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