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Note 4 - Loans (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

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

(in thousands)		September 30, 2024				December 31, 2023
Commercial real estate:
Construction & land		$	31,300			$	63,060
Multi-family			58,360				54,045
Owner occupied			228,516				210,407
Non-owner occupied			517,254				470,052
Farmland			93,881				96,188
Commercial and industrial			81,439				65,218
Consumer			33,612				31,687
Agriculture			30,776				25,922
Total loans			1,075,138				1,016,579
Less:
Deferred loan fees and costs, net			(1,429	)			(1,406	)
Allowance for credit losses			(11,479	)			(10,896	)
Net loans		$	1,062,230			$	1,004,277

Financing Receivable, Past Due [Table Text Block]

September 30, 2024		30-59 Days Past Due				60-89 Days Past Due				90 Days or More Past Due				Total Past Due				Current				Total				90 Days or More Past Due and Still Accruing
Commercial real estate:
Construction & land		$	0			$	0			$	0			$	0			$	31,300			$	31,300			$	0
Multi-family			0				0				0				0				58,360				58,360				0
Owner occupied			0				0				0				0				228,516				228,516				0
Non-owner occupied			0				0				0				0				517,254				517,254				0
Farmland			0				0				0				0				93,881				93,881				0
Commercial and industrial			0				0				0				0				81,439				81,439				0
Consumer			0				0				0				0				33,612				33,612				0
Agriculture			0				0				0				0				30,776				30,776				0
Total		$	0			$	0			$	0			$	0			$	1,075,138			$	1,075,138			$	0

December 31, 2023		30-59 Days Past Due				60-89 Days Past Due				90 Days or More Past Due				Total Past Due				Current				Total				90 Days or More Past Due and Still Accruing
Commercial real estate:
Construction & land		$	0			$	0			$	0			$	0			$	63,060			$	63,060			$	0
Multi-family			0				0				0				0				54,045				54,045				0
Owner occupied			0				0				0				0				210,407				210,407				0
Non-owner occupied			0				0				0				0				470,052				470,052				0
Farmland			0				0				0				0				96,188				96,188				0
Commercial and industrial			0				0				0				0				65,218				65,218				0
Consumer			0				0				0				0				31,687				31,687				0
Agriculture			0				0				0				0				25,922				25,922				0
Total		$	0			$	0			$	0			$	0			$	1,016,579			$	1,016,579			$	0

Financing Receivable Credit Quality Indicators [Table Text Block]

		As of September 30, 2024
(in thousands)		Term Loans Amortized Cost Basis by Origination Year
Risk Grade Ratings		2024				2023				2022				2021				2020				Prior				Revolving Loans				Total
Commercial real estate - construction & land
Pass		$	6,853			$	8,291			$	13,659			$	923			$	0			$	1,574			$	0			$	31,300
Total commercial real estate - construction & land			6,853				8,291				13,659				923				0				1,574				0				31,300
Commercial real estate - multi-family
Pass			5,238				4,731				6,872				7,710				3,383				30,426				0				58,360
Total commercial real estate - multi-family			5,238				4,731				6,872				7,710				3,383				30,426				0				58,360
Commercial real estate - owner occupied
Pass			24,097				9,851				45,198				46,689				23,744				66,252				400				216,231
Special mention			0				0				0				7,469				0				281				0				7,750
Substandard			0				0				0				0				0				4,535				0				4,535
Total commercial real estate - owner occupied			24,097				9,851				45,198				54,158				23,744				71,068				400				228,516
Commercial real estate - non-owner occupied
Pass			23,468				98,817				92,487				78,680				40,288				174,935				1,814				510,489
Special mention			0				0				0				0				0				6,765				0				6,765
Total commercial real estate - non-owner occupied			23,468				98,817				92,487				78,680				40,288				181,700				1,814				517,254
Commercial real estate - Farmland
Pass			4,997				13,388				10,131				16,723				12,286				28,053				0				85,578
Special mention			0				0				0				0				2,301				6,002				0				8,303
Total commercial real estate - farmland			4,997				13,388				10,131				16,723				14,587				34,055				0				93,881
Commercial and Industrial
Pass			23,422				11,769				10,053				7,240				4,027				4,633				20,234				81,378
Special mention			0				0				0				0				0				2				0				2
Substandard			0				0				0				0				0				59				0				59
Total commercial and industrial			23,422				11,769				10,053				7,240				4,027				4,694				20,234				81,439
Consumer
Pass			3,939				1,074				4,832				3,578				2,119				8,975				9,053				33,570
Substandard			0				0				0				0				0				42				0				42
Total consumer			3,939				1,074				4,832				3,578				2,119				9,017				9,053				33,612
Agriculture
Pass			28				1,892				1,120				1,281				0				518				19,317				24,156
Special mention			0				1,577				0				0				0				0				5,043				6,620
Total agriculture			28				3,469				1,120				1,281				0				518				24,360				30,776
Total by Risk Category
Pass			92,042				149,813				184,352				162,824				85,847				315,366				50,818				1,041,062
Special mention			0				1,577				0				7,469				2,301				13,050				5,043				29,440
Substandard			0				0				0				0				0				4,636				0				4,636
Total		$	92,042			$	151,390			$	184,352			$	170,293			$	88,148			$	333,052			$	55,861			$	1,075,138

		As of December 31, 2023
(in thousands)		Term Loans Amortized Cost Basis by Origination Year
Risk Grade Ratings		2023				2022				2021				2020				2019				Prior				Revolving Loans				Total
Commercial real estate - Construction & land
Pass		$	16,237			$	42,670			$	1,259			$	0			$	1,244			$	1,650			$	0			$	63,060
Total commercial real estate - construction & land			16,237				42,670				1,259				0				1,244				1,650				0				63,060
Commercial real estate - Multi-family
Pass			3,803				6,976				8,711				3,473				6,780				24,302				0				54,045
Total commercial real estate - multi-family			3,803				6,976				8,711				3,473				6,780				24,302				0				54,045
Commercial real estate - Owner occupied
Pass			10,031				40,666				48,377				25,642				14,341				57,971				251				197,279
Special mention			0				0				7,683				0				0				289				530				8,502
Substandard			0				0				0				0				4,626				0				0				4,626
Total commercial real estate - owner occupied			10,031				40,666				56,060				25,642				18,967				58,260				781				210,407
Commercial real estate - Non-owner occupied
Pass			78,417				71,236				81,386				43,531				44,413				145,073				1,879				465,935
Special mention			0				0				0				0				0				4,117				0				4,117
Total commercial real estate - non-owner occupied			78,417				71,236				81,386				43,531				44,413				149,190				1,879				470,052
Commercial real estate - Farmland
Pass			14,377				10,393				1,667				15,392				6,551				31,610				15,717				95,707
Special mention			0				0				0				0				0				481				0				481
Total commercial real estate - farmland			14,377				10,393				1,667				15,392				6,551				32,091				15,717				96,188
Commercial and Industrial
Pass			10,967				11,268				9,608				6,018				4,384				2,239				20,502				64,986
Special mention			0				0				0				139				0				6				0				145
Substandard			0				0				0				0				0				87				0				87
Total commercial and industrial			10,967				11,268				9,608				6,157				4,384				2,332				20,502				65,218
Consumer
Pass			1,234				5,042				4,104				2,213				2,074				7,555				8,529				30,751
Special mention			0				0				0				0				0				0				890				890
Substandard			0				0				0				0				0				46				0				46
Total consumer			1,234				5,042				4,104				2,213				2,074				7,601				9,419				31,687
Agriculture
Pass			3,032				1,707				1,309				0				214				488				18,984				25,734
Special mention			0				0				0				0				0				0				188				188
Total agriculture			3,032				1,707				1,309				0				214				488				19,172				25,922
Total by Risk Category
Pass			138,098				189,958				156,421				96,269				80,001				270,888				65,862				997,497
Special mention			0				0				7,683				139				0				4,893				1,608				14,323
Substandard			0				0				0				0				4,626				133				0				4,759
Total		$	138,098			$	189,958			$	164,104			$	96,408			$	84,627			$	275,914			$	67,470			$	1,016,579

		Three Months Ended September 30, 2024
(in thousands)		Term Loans Charged-off by Origination Year
Chargeoffs		2024				2023				2022				2021				2020				Prior				Revolving Loans				Total
Commercial real estate:
Construction & land		$	0			$	0			$	0			$	0			$	0			$	0			$	0			$	0
Multi-family			0				0				0				0				0				0				0				0
Owner occupied			0				0				0				0				0				0				0				0
Non-owner occupied			0				0				0				0				0				0				0				0
Farmland			0				0				0				0				0				0				0				0
Commercial and industrial			0				0				0				0				0				0				0				0
Consumer			0				0				0				0				0				0				14				14
Agriculture			0				0				0				0				0				0				0				0
Total		$	0			$	0			$	0			$	0			$	0			$	0			$	14			$	14

		Nine Months Ended September 30, 2024
(in thousands)		Term Loans Charged-off by Origination Year
Chargeoffs		2024				2023				2022				2021				2020				Prior				Revolving Loans				Total
Commercial real estate:
Construction & land		$	0			$	0			$	0			$	0			$	0			$	0			$	0			$	0
Multi-family			0				0				0				0				0				0				0				0
Owner occupied			0				0				0				0				0				0				0				0
Non-owner occupied			0				0				0				0				0				0				0				0
Farmland			0				0				0				0				0				0				0				0
Commercial and industrial			0				0				0				0				0				0				0				0
Consumer			0				0				0				0				0				0				39				39
Agriculture			0				0				0				0				0				0				0				0
Total		$	0			$	0			$	0			$	0			$	0			$	0			$	39			$	39

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

(in thousands)
Three Months Ended September 30, 2024		CRE Construction & Land				CRE Multi-family				CRE Owner occupied				CRE Non-owner occupied				CRE Farmland				Commercial and Industrial				Consumer				Agriculture				Total
Beginning balance		$	909			$	666			$	1,856			$	4,764			$	1,409			$	1,177			$	239			$	101			$	11,121
Charge-offs			0				0				0				0				0				0				(14	)			0				(14	)
Recoveries			1,988				0				0				0				0				0				4				0				1,992
(Reversal of) provision for credit losses			(2,294	)			(219	)			(347	)			1,282				300				(282	)			(64	)			4				(1,620	)
Ending balance		$	603			$	447			$	1,509			$	6,046			$	1,709			$	895			$	165			$	105			$	11,479
Nine Months Ended September 30, 2024
Beginning balance		$	1,227			$	667			$	1,805			$	4,805			$	1,468			$	650			$	227			$	47			$	10,896
Charge-offs			0				0				0				0				0				0				(39	)			0				(39	)
Recoveries			2,230				0				0				0				0				0				12				0				2,242
(Reversal of) provision for credit losses			(2,854	)			(220	)			(296	)			1,241				241				245				(35	)			58				(1,620	)
Ending balance		$	603			$	447			$	1,509			$	6,046			$	1,709			$	895			$	165			$	105			$	11,479
Three Months Ended September 30, 2023
Beginning balance		$	578			$	514			$	1,944			$	4,628			$	901			$	600			$	207			$	39			$	9,411
Charge-offs			0				0				0				0				0				0				(11	)			0				(11	)
Recoveries			35				0				0				0				0				0				3				0				38
Provision for (reversal of) credit losses			179				108				(189	)			(195	)			478				(73	)			(7	)			(1	)			300
Ending balance		$	792			$	622			$	1,755			$	4,433			$	1,379			$	527			$	192			$	38				9,738
Nine Months Ended September 30, 2023
Beginning balance		$	1,055			$	479			$	1,798			$	4,211			$	830			$	612			$	311			$	172			$	9,468
CECL day-one adjustments			338				23				103				25				12				102				(120	)			(137	)			346
Charge-offs			0				0				0				0				0				(12	)			(28	)			0				(40	)
Recoveries			103				0				0				0				0				12				9				0				124
(Reversal of) provision for credit losses			(704	)			120				(146	)			197				537				(187	)			20				3				(160	)
Ending balance		$	792			$	622			$	1,755			$	4,433			$	1,379			$	527			$	192			$	38			$	9,738

(in thousands)
September 30, 2024		CRE Construction & Land				CRE Multi-family				CRE Owner occupied				CRE Non-owner occupied				CRE Farmland				Commercial and Industrial				Consumer				Agriculture				Total
Allowance for credit losses for loans:
Individually evaluated for impairment		$	0			$	0			$	0			$	0			$	0			$	0			$	0			$	0			$	0
Collectively evaluated for impairment			603				447				1,509				6,046				1,709				895				165				105				11,479
		$	603			$	447			$	1,509			$	6,046			$	1,709			$	895			$	165			$	105			$	11,479
Ending gross loan balances:
Individually evaluated for impairment		$	0			$	0			$	0			$	0			$	0			$	0			$	0			$	0			$	0
Collectively evaluated for impairment			31,300				58,360				228,516				517,254				93,881				81,439				33,612				30,776				1,075,138
		$	31,300			$	58,360			$	228,516			$	517,254			$	93,881			$	81,439			$	33,612			$	30,776			$	1,075,138
December 31, 2023
Allowance for credit losses for loans:
Individually evaluated for impairment		$	0			$	0			$	0			$	0			$	0			$	0			$	0			$	0			$	0
Collectively evaluated for impairment			1,227				667				1,805				4,805				1,468				650				227				47				10,896
		$	1,227			$	667			$	1,805			$	4,805			$	1,468			$	650			$	227			$	47			$	10,896
Ending gross loan balances:
Individually evaluated for impairment		$	0			$	0			$	0			$	0			$	0			$	0			$	0			$	0			$	0
Collectively evaluated for impairment			63,060				54,045				210,407				470,052				96,188				65,218				31,687				25,922				1,016,579
		$	63,060			$	54,045			$	210,407			$	470,052			$	96,188			$	65,218			$	31,687			$	25,922			$	1,016,579

Change in Allowance for Loan Losses [Table Text Block]

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(in thousands)		2024				2023				2024				2023
Balance, beginning of period		$	531			$	671			$	609			$	546
CECL day-one adjustment			0				0				0				547
Reversal of provision to Operations for Off Balance Sheet Commitments			(44	)			(83	)			(122	)			(505	)
Balance, end of period		$	487			$	588			$	487			$	588

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