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

12 Months Ended

Dec. 31, 2022

Notes Tables

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

(Dollars in thousands)
		2022				2021
Agricultural		$	64,159			$	64,819
Commercial and industrial			210,210				203,024
Consumer			39,808				35,174
Real estate - commercial			630,953				525,884
Real estate - construction			14,736				19,066
Real estate - residential			229,916				168,881
Loans, gross		$	1,189,782			$	1,016,848
Allowance for Loan Losses			(7,619	)			(7,688	)
Loans, net		$	1,182,163			$	1,009,160

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

(Dollars in thousands)		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	)			(348	)			(595	)
Transfer from non-accretable to accretable yield			400				-				400
Balance January 1, 2022			288				1,176				1,464
Transfer from non-accretable to accretable yield			2,192				-				2,192
Accretion January 1, 2022 through December 31, 2022			(553	)			(98	)			(651	)
Balance, December 31, 2022		$	1,927			$	1,078			$	3,005

(Dollars in thousands)		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

(Dollars in thousands)		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			1,086				-				1,086
Accretion January 1, 2022 through December 31, 2022			(993	)			(197	)			(1,190	)
Balance, December 31, 2022		$	615			$	-			$	615

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, 2022
Beginning balance		$	448			$	1,454			$	290			$	3,705			$	110			$	671			$	1,010			$	7,688
Charge-offs			—				(177	)			(496	)			—				—				—				—				(673	)
Recoveries			—				143				206				3				—				2				—				354
Provision			(304	)			(59	)			310				1,114				(47	)			233				(997	)			250
Ending balance		$	144			$	1,361			$	310			$	4,822			$	63			$	906			$	13			$	7,619
Individually evaluated for impairment		$	2			$	14			$	1			$	5			$	—			$	131			$	—			$	153
Collectively evaluated for impairment		$	142			$	1,347			$	309			$	4,817			$	63			$	775			$	13			$	7,466
Loans
December 31, 2022
Individually evaluated for impairment		$	23			$	177			$	7			$	165			$	—			$	2,474							$	2,846
Collectively evaluated for impairment			64,136				206,074				39,793				622,131				14,736				225,792								1,172,662
Acquired with deteriorated credit quality			—				3,959				8				8,657				—				1,650								14,274
Ending balance		$	64,159			$	210,210			$	39,808			$	630,953			$	14,736			$	229,916							$	1,189,782

						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

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,
		2022				2021				2022				2021				2022				2021
Pass		$	63,867			$	61,864			$	209,700			$	201,202			$	624,555			$	519,537
Special Mention			289				339				400				300				2,048				778
Substandard			3				2,616				110				1,266				4,350				5,569
Doubtful			-				-				-				256				-				-
Loss			-				-				-				-				-				-
		$	64,159			$	64,819			$	210,210			$	203,024			$	630,953			$	525,884

(Dollars in thousands)		Consumer								Construction Real Estate								Residential Real Estate
		December 31,				December 31,				December 31,				December 31,				December 31,				December 31,
		2022				2021				2022				2021				2022				2021
Performing		$	39,808			$	35,174			$	14,736			$	19,066			$	228,653			$	168,031
Nonperforming			-				-				-				-				-				-
Nonaccrual			-				-				-				-				1,263				850
		$	39,808			$	35,174			$	14,736			$	19,066			$	229,916			$	168,881

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

		Year Ended December 31, 2022												Year Ended December 31, 2021												Year Ended December 31, 2020
						Pre-				Post-								Pre-				Post-								Pre-				Post-
						Modification				Modification								Modification				Modification								Modification				Modification
						Outstanding				Outstanding								Outstanding				Outstanding								Outstanding				Outstanding
(Dollars in thousands)		Number of				Recorded				Recorded				Number of				Recorded				Recorded				Number of				Recorded				Recorded
		Loans				Investment				Investment				Loans				Investment				Investment				Loans				Investment				Investment
Agricultural			-			$	-			$	-				5			$	1,803			$	1,803				5			$	1,803			$	1,803
Commercial and Industrial			1				15				15				4				270				270				4				270				270
Commercial Real Estate			-				-				-				2				619				619				2				619				619
Total			1			$	15			$	15				11			$	2,692			$	2,692				11			$	2,692			$	2,692

		Year Ended								Year Ended								Year Ended
		December 31, 2022								December 31, 2021								December 31, 2020
(Dollars in thousands)		Number				Recorded				Number				Recorded				Number				Recorded
		of Loans				Investment				of Loans				Investment				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, 2022
With no related allowance recorded
Agricultural		$	-			$	-			$	-			$	250			$	-
Commercial and industrial			-				-				-				18				-
Consumer			-				-				-				-				-
Construction real estate			-				-				-				-				-
Commercial real estate			-				-				-				19				-
Residential real estate			550				595				-				231				1
Subtotal			550				595				-				518				1
With an allowance recorded
Agricultural			23				27				2				913				2
Commercial and industrial			177				177				14				209				13
Consumer			7				7				1				14				1
Construction real estate			-				-				-				-				-
Commercial real estate			165				165				5				158				13
Residential real estate			1,924				1,954				131				1,897				93
Subtotal			2,296				2,330				153				3,191				122
Total
Agricultural			23				27				2				1,163				2
Commercial and industrial			177				177				14				227				13
Consumer			7				7				1				14				1
Construction real estate			-				-				-				-				-
Commercial real estate			165				165				5				177				13
Residential real estate			2,474				2,549				131				2,128				94
Total		$	2,846			$	2,925			$	153			$	3,709			$	123

						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

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, 2022
Agricultural		$	-			$	-			$	-			$	-			$	64,159			$	64,159			$	-
Commercial and industrial			-				171				-				171				210,039				210,210				-
Consumer			39				7				-				46				39,762				39,808				-
Commercial real estate			-				-				-				-				630,953				630,953				-
Construction real estate			-				-				-				-				14,736				14,736				-
Residential real estate			682				-				842				1,524				228,392				229,916				-
		$	721			$	178			$	842			$	1,741			$	1,188,041			$	1,189,782			$	-
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)
		2022				2021
Agricultural		$	-			$	313
Commercial and industrial			-				285
Consumer			-				-
Commercial real estate			-				279
Construction real estate			-				-
Residential real estate			1,263				850
		$	1,263			$	1,727

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- Definition

Tabular disclosure of financing receivable on nonaccrual status.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 16
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919258-210447

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No definition available.

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- Definition

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 https://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 https://asc.fasb.org/extlink&oid=123577603&loc=SL6953682-111524

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