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Note 4 - Loans and the Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

September 30,

  

December 31,

 
  

2025

  

2024

 
         

Commercial

 $161,667  $77,444 

Agricultural

  154,107   118,866 

Real estate – residential

  33,657   11,539 

Real estate – commercial

  980,694   646,378 

Real estate – construction and land development

  49,199   53,503 

Equity lines of credit (Equity LOC)

  53,283   37,888 

Auto

  45,142   64,734 

Other

  18,745   5,072 

Total loans

  1,496,494   1,015,424 

Deferred loan costs, net

  3,485   3,147 

Loans, amortized cost basis

  1,499,979   1,018,571 

Allowance for credit losses

  (19,564)  (13,196)

Total net loans

 $1,480,415  $1,005,375 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Amortized Cost Basis by Origination Year and Risk Grades - As of September 30, 2025

             

(in thousands)

 

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Revolving Loans Book Amortized Cost Basis

  

Revolving Loans Converted to Term Amortized Cost Basis

  

Total - Amortized Cost Basis

 

Commercial

                                    

Pass

 $13,873  $27,143  $24,011  $27,998  $12,811  $15,126   38,605  $-  $159,567 

Special Mention

  -   -   -   -   939   638   443   -   2,020 

Substandard

  3   -   230   99   133   280   165   -   910 

Total Commercial loans

 $13,876  $27,143  $24,241  $28,097  $13,883  $16,044  $39,213  $-  $162,497 

Current period gross charge-offs

 $-  $114  $-  $51  $-  $-  $25  $-  $190 
                                     

Agricultural

                                    

Pass

 $7,820  $6,910  $16,167  $12,000  $14,182  $35,902  $26,064  $-  $119,045 

Special Mention

  1,114   -   499   7,129   806   6,591   3,273   -   19,412 

Substandard

  420   -   2,747   5,175   3,059   1,330   3,178   -   15,909 

Total Agricultural

 $9,354  $6,910  $19,413  $24,304  $18,047  $43,823  $32,515  $-  $154,366 

Current period gross charge-offs

 $-  $-  $11  $-  $-  $-  $-  $-  $11 
                                     

Real Estate - Residential

                                    

Pass

 $2,033  $4,482  $1,822  $9,381  $5,991  $9,401  $156  $-  $33,266 

Special Mention

  -   -   -   -   -   149   -   -   149 

Substandard

  -   -   -   -   -   273   -   -   273 

Total Real Estate - Residential

 $2,033  $4,482  $1,822  $9,381  $5,991  $9,823  $156  $-  $33,688 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Real Estate -Commercial

                                    

Pass

 $74,401  $117,536  $134,415  $170,782  $137,156  $330,501  $3,869  $-  $968,660 

Special Mention

  994   -   -   238   950   3,015   -   -   5,197 

Substandard

  -   -   -   378   409   7,041   -   -   7,828 

Total Real Estate -Commercial

 $75,395  $117,536  $134,415  $171,398  $138,515  $340,557  $3,869  $-  $981,685 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Real Estate -Construction

                                    

Pass

 $8,095  $18,853  $4,134  $3,582  $5,235  $1,092  $3,757  $-  $44,748 

Special Mention

  -   -   4,307   -   -   -   -   -   4,307 

Total Real Estate -Construction

 $8,095  $18,853  $8,441  $3,582  $5,235  $1,092  $3,757  $-  $49,055 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Equity LOC

                                    

Pass

 $-  $-  $-  $-  $-  $-  $50,727  $2,397  $53,124 

Substandard

  -   -   -   103   -   -   987   -   1,090 

Total Equity LOC

 $-  $-  $-  $103  $-  $-  $51,714  $2,397  $54,214 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $19  $-  $19 
                                     

Total

                                    

Pass

 $106,222  $174,924  $180,549  $223,743  $175,375  $392,022  $123,178  $2,397  $1,378,410 

Special Mention

  2,108   -   4,806   7,367   2,695   10,393   3,716   -   31,085 

Substandard

  423   -   2,977   5,755   3,601   8,924   4,330   -   26,010 

Total

 $108,753  $174,924  $188,332  $236,865  $181,671  $411,339  $131,224  $2,397  $1,435,505 

Current period gross charge-offs

 $-  $114  $11  $51  $-  $-  $44  $-  $220 
                                     

Auto

                                    

Performing

 $-  $-  $17,744  $16,310  $6,529  $4,248  $-  $-  $44,831 

Non-performing

  -   -   204   197   257   165   -   -   823 

Total Auto

 $-  $-  $17,948  $16,507  $6,786  $4,413  $-  $-  $45,654 

Current period gross charge-offs

 $-  $-  $100  $181  $25  $102  $-  $-  $408 
                                     

Other

                                    

Performing

 $5,117  $7,032  $2,442  $3,571  $148  $35  $463  $-  $18,808 

Non-performing

  -   4   1   6   1   -   -   -   12 

Total Other

 $5,117  $7,036  $2,443  $3,577  $149  $35  $463  $-  $18,820 

Current period gross charge-offs

 $-  $36  $38  $18  $2  $8  $-  $-  $102 
                                     

Total

                                    

Performing

 $5,117  $7,032  $20,186  $19,881  $6,677  $4,283  $463  $-  $63,639 

Non-performing

  -   4   205   203   258   165   -   -   835 

Total

 $5,117  $7,036  $20,391  $20,084  $6,935  $4,448  $463  $-  $64,474 

Total Loans

 $113,870  $181,960  $208,723  $256,949  $188,606  $415,787  $131,687  $2,397  $1,499,979 

Total gross charge-offs

 $-  $150  $149  $250  $27  $110  $44  $-  $730 
                                     
  

Term Loans

             
  

Amortized Cost Basis by Origination Year and Risk Grades - As of December 31, 2024

             

(in thousands)

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving Loans Book Balance Basis

  

Revolving loans converted to term Book Balance Basis

  

Total

 

Commercial

                                    

Pass

 $19,885  $12,642  $12,042  $8,405  $1,658  $6,886  $13,232  $-  $74,750 

Special Mention

  -   -   157   444   -   36   513   -   1,150 

Substandard

  61   244   1,050   365   469   30   75   -   2,294 

Total Commercial loans

 $19,946  $12,886  $13,249  $9,214  $2,127  $6,952  $13,820  $-  $78,194 

Current period gross charge-offs

 $-  $86  $43  $-  $-  $22  $151  $-  $302 
                                     

Agricultural

                                    

Pass

 $6,421  $9,331  $14,290  $11,389  $14,252  $28,075  $13,356  $-  $97,114 

Special Mention

  518   53   1,159   358   1,307   1,639   534   -   5,568 

Substandard

  -   2,710   4,606   3,252   78   1,281   4,501   -   16,428 

Total Agricultural

 $6,939  $12,094  $20,055  $14,999  $15,637  $30,995  $18,391  $-  $119,110 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Real Estate - Residential

                                    

Pass

 $632  $1,105  $-  $2,064  $2,355  $4,639  $520  $-  $11,315 

Substandard

  -   -   -   -   -   253   -   -   253 

Total Real Estate - Residential

 $632  $1,105  $-  $2,064  $2,355  $4,892  $520   -  $11,568 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Real Estate -Commercial

                                    

Pass

 $90,579  $92,735  $137,607  $82,627  $73,405  $154,466  $7,142  $-  $638,561 

Special Mention

  -   -   171   -   -   4,460   450   -   5,081 

Substandard

  -   -   628   -   921   1,760   -   -   3,309 

Total Real Estate -Commercial

 $90,579  $92,735  $138,406  $82,627  $74,326  $160,686  $7,592  $-  $646,951 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Real Estate -Construction

                                    

Pass

 $21,110  $15,244  $11,054  $3,767  $947  $843  $-  $-  $52,965 

Special Mention

  -   -   210   -   -   -   -   -   210 

Substandard

  110   -   -   -   -   -   -   -   110 

Total Real Estate -Construction

 $21,220  $15,244  $11,264  $3,767  $947  $843  $-  $-  $53,285 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Equity LOC

                                    

Pass

 $-  $-  $-  $-  $-     $34,622  $3,483  $38,105 

Substandard

  -   -   -   -   -      371   279   650 

Total Equity LOC

 $-  $-  $-  $-  $-  $-  $34,993  $3,762  $38,755 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Total

                                    

Pass

 $138,627  $131,057  $174,993  $108,252  $92,617  $194,909  $68,872  $3,483  $912,810 

Special Mention

  518   53   1,697   802   1,307   6,135   1,497   -   12,009 

Substandard

  171   2,954   6,284   3,617   1,468   3,324   4,947   279   23,044 

Total

 $139,316  $134,064  $182,974  $112,671  $95,392  $204,368  $75,316  $3,762  $947,863 

Current period gross charge-offs

 $-  $86  $43  $-  $-  $22  $151  $-  $302 
                                     

Auto

                                    

Performing

 $-  $23,163  $22,361  $10,426  $4,779  $4,063  $-  $-  $64,792 

Non-performing

  -   147   241   187   129   88   -   -   792 

Total Auto

 $-  $23,310  $22,602  $10,613  $4,908  $4,151  $-  $-  $65,584 

Current period gross charge-offs

 $-  $389  $598  $262  $171  $223  $-  $-  $1,643 
                                     

Other

                                    

Performing

 $2,433  $1,245  $799  $318  $88  $5  $157  $-  $5,045 

Non-performing

  -   48   24   3   2   -   2   -   79 

Total Other

 $2,433  $1,293  $823  $321  $90  $5  $159  $-  $5,124 

Current period gross charge-offs

 $-  $9  $35  $31  $6  $12  $1  $-  $94 
                                     

Total

                                    

Performing

 $2,433  $24,408  $23,160  $10,744  $4,867  $4,068  $157  $-  $69,837 

Non-performing

  -   195   265   190   131   88   2   -   871 

Total

 $2,433  $24,603  $23,425  $10,934  $4,998  $4,156  $159  $-  $70,708 

Total Loans

 $141,749  $158,667  $206,399  $123,605  $100,390  $208,524  $75,475  $3,762  $1,018,571 

Total gross charge-offs

 $-  $484  $676  $293  $177  $257  $152  $-  $2,039 
Financing Receivable, Balance of Nonaccrual Loans by Loan Category [Table Text Block]
  

Non-Performing Loans

 
  

September 30, 2025

  

December 31, 2024

 

(in thousands)

 

Nonaccrual with no allowance for credit losses

  

Total nonaccrual

  

Past due 90 days or more and still accruing

  

Nonaccrual with no allowance for credit losses

  

Total nonaccrual

  

Past due 90 days or more and still accruing

 
                         

Commercial

 $257  $508  $-  $302  $355  $- 

Agricultural

  8,501   10,540   -   567   567   - 

Real estate – residential

  258   258   -   83   83   - 

Real estate – commercial

  1,798   1,798   -   1,579   1,579   - 

Real estate – construction & land development

  -   -   -   -   -   - 

Equity lines of credit

  1,090   1,090   -   650   650   - 

Auto

  823   823   -   792   792   - 

Other

  12   12   -   77   79   - 

Total Gross Loans

 $12,739  $15,029  $-  $4,050  $4,105  $- 
Financing Receivable, Reversal of Accrued Interest Income [Table Text Block]

Three months ended:

        
         
(in thousands) September 30, 2025  September 30, 2024 

Commercial

 $17  $6 
Agricultural  41   29 
Real estate – residential  1   - 
Real estate – commercial  2   26 
Equity lines of credit  3   - 
Auto  7   12 

Other

  -   - 

Total

 $71  $73 
         

Nine months ended:

        
         
(in thousands) September 30, 2025  September 30, 2024 

Commercial

 $28  $10 
Agricultural  381   29 
Real estate – residential  1   9 
Real estate – commercial  7   40 
Equity lines of credit  18   10 
Auto  14   21 

Other

  1   - 

Total

 $450  $119 
Financing Receivable, Modified [Table Text Block]
  

Term Extension

 

(in thousands)

 

Amortized Cost Basis

  

Total Class of Financing Receivable

 

Agricultural

  2,232   1.45%

Real estate – commercial

  76   0.01%

Total

 $2,308   0.15%
  

Term Extension

 

(in thousands)

 

Amortized Cost Basis

  

Total Class of Financing Receivable

 

Agricultural

  7,105   4.60%

Real estate – commercial

  848   0.09%

Total

 $7,953   0.53%
  

Term Extension

 

(in thousands)

 

Amortized Cost Basis

  

Total Class of Financing Receivable

 

Agricultural

  2,357   1.93%
  

Term Extension

 

(in thousands)

 

Amortized Cost Basis

  

Total Class of Financing Receivable

 

Commercial

  32   0.04%

Agricultural

  2,413   1.98%

Total

 $2,445   0.24%
Financing Receivable, Modified, Financial Effect [Table Text Block]
  

Weighted-Average Term Extension (in months)

 

Agricultural

  5.0 

Real estate – commercial

  24.0 

Total

  5.6 
  

Weighted-Average Term Extension (in months)

 

Agricultural

  5.3 

Real estate – commercial

  4.9 

Total

  5.3 
  

Weighted-Average Term Extension (in months)

 

Agricultural

  6.0 
     
  

Weighted-Average Term Extension (in months)

 

Commercial

  6.0 

Agricultural

  7.3 

Total

  7.2 
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]

Nine Months Ended September 30, 2025:

 

Commercial

  

Agricultural

  

Real Estate-Residential

  

Real Estate-Commercial

  

Real Estate-Construction

  

Equity LOC

  

Auto

  

Other

  

Total

 

Allowance for credit losses

                                    

Beginning balance

 $1,265  $1,802  $102  $7,459  $815  $460  $1,215  $78  $13,196 

Charge-offs

  (190)  (11)  -   -   -   (19)  (408)  (102)  (730)

Recoveries

  22   -   49   -   -   -   430   10   511 

Initial allowance on acquired PCD loans

  58   31   -   226   -   -   -   -   315 

Provision for (recovery of) credit losses

  1,321   1,434   114   3,394   (89)  159   (398)  337   6,272 

Ending balance

 $2,476  $3,256  $265  $11,079  $726  $600  $839  $323  $19,564 
                                     

Three Months Ended September 30, 2025:

                                    

Allowance for credit losses

                                    

Beginning balance

 $1,397  $2,657  $110  $7,742  $694  $562  $955  $92  $14,209 

Charge-offs

  (25)  -   -   -   -   (19)  (157)  (23)  (224)

Recoveries

  11   -   47   -   -   -   80   3   141 

Initial allowance on acquired PCD loans

  58   31   -   226   -   -   -   -   315 

Provision for (recovery of) credit losses

  1,035   568   108   3,111   32   57   (39)  251   5,123 

Ending balance

 $2,476  $3,256  $265  $11,079  $726  $600  $839  $323  $19,564 
                                     

Nine Months Ended September 30, 2024:

                                    

Allowance for credit losses

                                    

Beginning balance

 $1,134  $1,738  $137  $6,678  $797  $439  $1,865  $79  $12,867 

Charge-offs

  (65)  -   -   -   -   -   (1,292)  (65)  (1,422)

Recoveries

  21   -   3   -   -   -   642   20   686 

Provision for (recovery of) credit losses

  269   32   (30)  830   51   17   253   53   1,475 

Ending balance

 $1,359  $1,770  $110  $7,508  $848  $456  $1,468  $87  $13,606 
                                     

Three Months Ended September 30, 2024:

                                    

Allowance for credit losses

                                    

Beginning balance

 $1,426  $1,780  $121  $7,581  $973  $458  $1,654  $89  $14,082 

Charge-offs

  -   -   -   -   -   -   (396)  (16)  (412)

Recoveries

  6   -   1   -   -   -   266   13   286 

Provision for (recovery of) credit losses

  (73)  (10)  (12)  (73)  (125)  (2)  (56)  1   (350)

Ending balance

 $1,359  $1,770  $110  $7,508  $848  $456  $1,468  $87  $13,606 
Off-Balance-Sheet, Credit Loss, Liability [Tabular Text Block]

Three months ended:

        
         
(in thousands) September 30, 2025  September 30, 2024 
Beginning balance $580  $720 
Provision on acquired loan commitments  351   - 

Recovery of provision for credit losses

  (100)  (50)

Ending balance

 $831  $670 

Nine months ended:

        
         
(in thousands) September 30, 2025  September 30, 2024 
Beginning balance $620  $799 
Provision on acquired loans commitments  351   - 

Recovery of provision for credit losses

  (140)  (129)

Ending balance

 $831  $670 
Financing Receivable, Past Due [Table Text Block]
                  

Total

         

September 30, 2025

         

90 Days

      

Past Due

         
  30-59 Days  60-89 Days  and Still      and         
  

Past Due

  

Past Due

  

Accruing

  

Nonaccrual

  

Nonaccrual

  

Current

  

Total

 
                             

Commercial

 $513  $188  $-  $508  $1,209  $161,288  $162,497 

Agricultural

  -   341   -   10,540   10,881   143,485   154,366 

Real estate – residential

  -   -   -   258   258   33,430   33,688 

Real estate – commercial

  6,038   -   -   1,798   7,836   973,849   981,685 

Real estate - construction & land

  909      -   -   909   48,146   49,055 

Equity Lines of Credit

  1,284   321   -   1,090   2,695   51,519   54,214 

Auto

  1,216   70   -   823   2,109   43,545   45,654 

Other

  69   44   -   12   125   18,695   18,820 

Total

 $10,029  $964  $-  $15,029  $26,022  $1,473,957  $1,499,979 
                  

Total

         

December 31, 2024

         

90 Days

      

Past Due

         
  30-59 Days  60-89 Days  and Still      and         
  

Past Due

  

Past Due

  

Accruing

  

Nonaccrual

  

Nonaccrual

  

Current

  

Total

 
                             

Commercial

 $1,074  $533  $-  $355  $1,962  $76,232  $78,194 

Agricultural

  273   -   -   567   840   118,270   119,110 

Real estate – residential

  348   319   -   83   750   10,818   11,568 

Real estate - commercial

  1,954   82   -   1,579   3,615   643,336   646,951 

Real estate - construction & land

  2,133   -   -   -   2,133   51,152   53,285 

Equity Lines of Credit

  1,416   189   -   650   2,255   36,500   38,755 

Auto

  1,251   242   -   792   2,285   63,299   65,584 

Other

  72   7   -   79   158   4,966   5,124 

Total

 $8,521  $1,372  $-  $4,105  $13,998  $1,004,573  $1,018,571 
Financing Receivable, Collateral Dependent Loans [Table Text Block]
                  

Commercial -1st

  

SFR-1st

  

SFR-2nd

         
  

Equipment

  

Crops

  

Livestock

  

Farmland

  

Deed

  

Deed

  

Deed

  

Land

  

Total

 
                                     

Commercial

 $60  $-  $-  $-  $-  $170  $-  $-  $230 

Agricultural

  -   4,872   225   2,307   2,241   336   -   454   10,435 

Real estate – residential

  -   -   -   -   -   151   -   -   151 

Real estate – commercial

  -   -   -   -   1,420   30   119   -   1,569 

Equity Lines of Credit

  -   -   -   -   -      405   -   405 

Total

 $60  $4,872  $225  $2,307  $3,661  $687  $524  $454  $12,790 
          

Commercial -1st

  

SFR-1st

  

SFR-2nd

  

SFR-3rd

     
  

Equipment

  

Crops

  

Deed

  

Deed

  

Deed

  

Deed

  

Total

 
                             

Commercial

 $245  $-  $-  $-  $-  $-  $245 

Agricultural

  -   535   -   -   -   -   535 

Real estate – residential

  -   -   -   -   -   -   - 

Real estate – commercial

  -   -   739   53   652   50   1,494 

Real estate - construction & land

  -   -   -   -   -   -   - 

Equity Lines of Credit

  -   -   -      173   -   173 

Total

 $245  $535  $739  $53  $825  $50  $2,447