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

12 Months Ended

Dec. 31, 2021

Notes Tables

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

(Dollars in thousands)
		2021				2020
Agricultural		$	64,819			$	53,735
Commercial and industrial			203,024				303,527
Consumer			35,174				34,014
Real estate - commercial			525,884				469,247
Real estate - construction			19,066				16,639
Real estate - residential			168,881				192,506
Loans, gross		$	1,016,848			$	1,069,668
Allowance for Loan Losses			(7,688	)			(7,593	)
Loans, net		$	1,009,160			$	1,062,075

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, January 1, 2021			135				1,524				1,659
Transfer from non-accretable to accretable yield			400				-				400
Accretion January 1, 2021 through December 31, 2021			(247	)			(95	)			(342	)
Balance, December 31, 2021		$	288			$	1,429			$	1,717

(Dollars in thousands)		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

(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, January 1, 2020			843				455				1,298
Accretion January 1, 2021 through December 31, 2021			(321	)			(258	)			(579	)
Balance, December 31, 2021		$	522			$	197			$	719

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, 2021
Beginning balance		$	257			$	1,327			$	317			$	4,178			$	97			$	1,300			$	117			$	7,593
Charge-offs			—				(195	)			(370	)			(111	)			—				—				—				(676	)
Recoveries			—				86				214				48				—				7				—				355
Provision			191				236				129				(410	)			13				(636	)			893				416
Ending balance		$	448			$	1,454			$	290			$	3,705			$	110			$	671			$	1,010			$	7,688
Individually evaluated for impairment		$	251			$	95			$	2			$	9			$	—			$	146			$	—			$	503
Collectively evaluated for impairment		$	197			$	1,359			$	288			$	3,696			$	110			$	525			$	1,010			$	7,185
Loans
December 31, 2021
Individually evaluated for impairment		$	2,616			$	339			$	14			$	273			$	—			$	2,191							$	5,433
Collectively evaluated for impairment			62,203				197,656				35,148				515,528				19,066				164,647								994,248
Acquired with deteriorated credit quality			—				5,029				12				10,083				—				2,043								17,167
Ending balance		$	64,819			$	203,024			$	35,174			$	525,884			$	19,066			$	168,881							$	1,016,848

						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

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,
		2021				2020				2021				2020				2021				2020
Pass		$	61,864			$	50,185			$	201,202			$	294,614			$	519,537			$	453,080
Special Mention			339				3,202				300				4,101				778				6,006
Substandard			2,616				348				1,266				4,812				5,569				8,925
Doubtful			-				-				256				-				-				1,236
		$	64,819			$	53,735			$	203,024			$	303,527			$	525,884			$	469,247

(Dollars in thousands)		Consumer								Construction Real Estate								Residential Real Estate
		December 31,				December 31,				December 31,				December 31,				December 31,				December 31,
		2021				2020				2021				2020				2021				2020
Performing		$	35,174			$	34,006			$	19,066			$	16,559			$	168,031			$	191,125
Nonperforming			-				-				-				-				-				-
Nonaccrual			-				8				-				80				850				1,381
		$	35,174			$	34,014			$	19,066			$	16,639			$	168,881			$	192,506

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

		Year Ended December 31, 2021
						Pre-				Post-
						Modification				Modification
						Outstanding				Outstanding
(Dollars in thousands)		Number of				Recorded				Recorded
		Loans				Investment				Investment
Agricultural			5			$	1,803			$	1,803
Commercial and Industrial			4				270				270
Commercial Real Estate			2				619				619
Total			11			$	2,692			$	2,692

		Year Ended
		December 31, 2021
(Dollars in thousands)		Number				Recorded
		of Loans				Investment
Commercial Real Estate			1				185
Total			1			$	185

Impaired Financing Receivables [Table Text Block]

						Unpaid								Average				Interest
(Dollars in thousands)		Recorded				Principal				Related				Recorded				Income
		Investment				Balance				Allowance				Investment				Recognized
December 31, 2021
With no related allowance recorded
Agricultural		$	314			$	428			$	-			$	598			$	-
Commercial and industrial			-				-				-				596				-
Consumer			-				-				-				-				-
Construction real estate			-				-				-				16				-
Commercial real estate			94				94				-				1,117				5
Residential real estate			164				172				-				228				-
Subtotal			572				694				-				2,555				5
With an allowance recorded
Agricultural			2,302				2,302				251				1,873				139
Commercial and industrial			339				363				95				226				5
Consumer			14				15				2				4				-
Construction real estate			-				-				-				-				-
Commercial real estate			179				179				9				456				10
Residential real estate			2,027				2,084				146				2,177				64
Subtotal			4,861				4,943				503				4,736				218
Total
Agricultural			2,616				2,730				251				2,471				139
Commercial and industrial			339				363				95				822				5
Consumer			14				15				2				4				-
Construction real estate			-				-				-				16				-
Commercial real estate			273				273				9				1,573				15
Residential real estate			2,191				2,256				146				2,405				64
Total		$	5,433			$	5,637			$	503			$	7,291			$	223

						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

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, 2021
Agricultural		$	-			$	-			$	-			$	-			$	64,819			$	64,819			$	-
Commercial and industrial			21				-				88				109				202,915				203,024				-
Consumer			70				15				-				85				35,089				35,174				-
Commercial real estate			422				13				279				714				525,170				525,884				-
Construction real estate			1,149				1,235				-				2,384				16,682				19,066				-
Residential real estate			1,489				306				454				2,249				166,632				168,881				-
		$	3,151			$	1,569			$	821			$	5,541			$	1,011,307			$	1,016,848			$	-
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)
		2021				2020
Agricultural		$	313			$	348
Commercial and industrial			285				1,802
Consumer			-				8
Commercial real estate			279				3,088
Construction real estate			-				80
Residential real estate			850				1,381
		$	1,727			$	6,707

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No definition available.

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Tabular disclosure of financing receivable modified as troubled debt restructuring.

+ References

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=123577603&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=123577603&loc=SL6953682-111524

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