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

3 Months Ended

Mar. 31, 2022

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, 2022
Beginning balance		$	448			$	1,454			$	290			$	3,705			$	110			$	671			$	1,010			$	7,688
Charge-offs			—				(31	)			(112	)			-				—				-				—				(143	)
Recoveries			—				2				52				1				—				1				—				56
Provision			(61	)			327				74				(16	)			(73	)			(83	)			(168	)			-
Ending balance		$	387			$	1,752			$	304			$	3,690			$	37			$	589			$	842			$	7,601
Individually evaluated for impairment		$	253			$	116			$	3			$	9			$	—			$	167			$	—			$	548
Collectively evaluated for impairment		$	134			$	1,636			$	301			$	3,681			$	37			$	422			$	842			$	7,053
Loans
March 31, 2022
Individually evaluated for impairment		$	2,542			$	356			$	32			$	157			$	—			$	1,853							$	4,940
Collectively evaluated for impairment			59,076				194,024				36,108				527,743				15,669				174,206								1,006,826
Acquired with deteriorated credit quality			—				4,534				11				9,352				—				1,743								15,640
Ending balance		$	61,618			$	198,914			$	36,151			$	537,252			$	15,669			$	177,802							$	1,027,406

						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
December 31, 2021
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

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,
		2022				2021				2022				2021				2022				2021
Pass		$	58,749			$	61,864			$	196,394			$	201,202			$	531,683			$	519,537
Special Mention			327				339				1,190				300				749				778
Substandard			2,542				2,616				1,245				1,266				4,820				5,569
Doubtful			-				-				85				256				-				-
		$	61,618			$	64,819			$	198,914			$	203,024			$	537,252			$	525,884

(Dollars in thousands)		Consumer								Construction Real Estate								Residential Real Estate
		March 31,				December 31,				March 31,				December 31,				March 31,				December 31,
		2022				2021				2022				2021				2022				2021
Performing		$	36,119			$	35,174			$	15,669			$	19,066			$	177,186			$	168,031
Nonperforming			-				-				-				-				-				-
Nonaccrual			32				-				-				-				616				850
		$	36,151			$	35,174			$	15,669			$	19,066			$	177,802			$	168,881

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

Three Months Ended March 31, 2022

Pre-

Post-

Modification

Modification

Outstanding

Outstanding

(Dollars in thousands)

Number of

Recorded

Recorded

Loans

Investment

Investment

Agricultural

1

$

258

$

258

Total

1

$

258

$

258

		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, 2022
With no related allowance recorded
Agricultural		$	314			$	428			$	-
Commercial and industrial			92				123				-
Consumer			-				-				-
Construction real estate			-				-				-
Commercial real estate			-				-				-
Residential real estate			-				-				-
Subtotal			406				551				-
With an allowance recorded
Agricultural			2,228				2,228				253
Commercial and industrial			264				279				116
Consumer			32				32				3
Construction real estate			-				-				-
Commercial real estate			157				157				8
Residential real estate			1,853				1,907				167
Subtotal			4,534				4,603				547
Total
Agricultural			2,542				2,656				253
Commercial and industrial			356				402				116
Consumer			32				32				3
Construction real estate			-				-				-
Commercial real estate			157				157				8
Residential real estate			1,853				1,907				167
Total		$	4,940			$	5,154			$	547

						Unpaid
(Dollars in thousands)		Recorded				Principal				Related
		Investment				Balance				Allowance
December 31, 2021
With no related allowance recorded
Agricultural		$	314			$	428			$	-
Commercial and industrial			-				-				-
Consumer			-				-				-
Construction real estate			-				-				-
Commercial real estate			94				94				-
Residential real estate			164				172				-
Subtotal			572				694				-
With an allowance recorded
Agricultural			2,302				2,302				251
Commercial and industrial			339				363				95
Consumer			14				15				2
Construction real estate			-				-				-
Commercial real estate			179				179				9
Residential real estate			2,027				2,084				146
Subtotal			4,861				4,943				503
Total
Agricultural			2,616				2,730				251
Commercial and industrial			339				363				95
Consumer			14				15				2
Construction real estate			-				-				-
Commercial real estate			273				273				9
Residential real estate			2,191				2,256				146
Total		$	5,433			$	5,637			$	503

		Average				Interest
(Dollars in thousands)		Recorded				Income
		Investment				Recognized
Three Months Ended March 31, 2022
With no related allowance recorded
Agricultural		$	314			$	-
Commercial and industrial			46				1
Consumer			-				-
Construction real estate			-				-
Commercial real estate			47				-
Residential real estate			82				-
Subtotal			489				1
With an allowance recorded
Agricultural			2,265				42
Commercial and industrial			301				2
Consumer			23				-
Construction real estate			-				-
Commercial real estate			168				3
Residential real estate			1,940				17
Subtotal			4,697				64
Total
Agricultural			2,579				42
Commercial and industrial			347				3
Consumer			23				-
Construction real estate			-				-
Commercial real estate			215				3
Residential real estate			2,022				17
Total		$	5,186			$	65

		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

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, 2022
Agricultural		$	-			$	-			$	-			$	-			$	61,618			$	61,618			$	-
Commercial and industrial			-				93				85				178				198,736				198,914				-
Consumer			66				-				32				98				36,053				36,151				-
Commercial real estate			-				-				-				-				537,252				537,252				-
Construction real estate			-				-				-				-				15,669				15,669				-
Residential real estate			2,032				28				-				2,060				175,742				177,802				-
		$	2,098			$	121			$	117			$	2,336			$	1,025,070			$	1,027,406			$	-
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			$	-

Financing Receivable, Nonaccrual [Table Text Block]

(Dollars in thousands)		March 31,				December 31,
		2022				2021
Agricultural		$	314			$	313
Commercial and industrial			205				285
Consumer			32				-
Commercial real estate			-				279
Residential real estate			616				850
		$	1,167			$	1,727

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 January 1, 2021			135				1,524				1,659
Accretion January 1, 2021 through December 31, 2021			(247	)			(95	)			(342	)
Transfer from non-accretable to accretable yield			400				-				400
Balance January 1, 2022			288				1,429				1,717
Transfer from non-accretable to accretable yield			400				-				400
Accretion January 1, 2022 through March 31, 2022			(102	)			(151	)			(253	)
Balance, March 31, 2022		$	586			$	1,278			$	1,864

		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, January 1, 2021			843				455				1,298
Accretion January 1, 2021 through December 31, 2021			(321	)			(258	)			(579	)
Balance January 1, 2022			522				197				719
Transfer from non-accretable to accretable yield			874				-				874
Accretion January 1, 2022 through March 31, 2022			(302	)			-				(302	)
Balance, March 31, 2022		$	1,094			$	197			$	1,291

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