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v3.23.1

Note 4 - Allowance for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2023
Notes Tables |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | March 31, 2023 |
|  | Construction and Land Development |  |  | Secured by 1-4 Family Residential |  |  | Other Real Estate |  |  | Commercial and Industrial |  |  | Consumer and Other Loans |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance, December 31, 2022 |  | $ | 546 |  |  | $ | 1,108 |  |  | $ | 3,609 |  |  | $ | 1,874 |  |  | $ | 309 |  |  | $ | 7,446 |
Adjustment to allowance for adoption of ASU 2016-13 |  |  | (313 | ) |  |  | 1,409 |  |  |  | 1,705 |  |  |  | (391 | ) |  |  | (224 | ) |  |  | 2,186 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (851 | ) |  |  | (126 | ) |  |  | (977 | )
Recoveries |  |  | — |  |  |  | 5 |  |  |  | 2 |  |  |  | — |  |  |  | 55 |  |  |  | 62 |
Provision for (recovery of) credit losses |  |  | 11 |  |  |  | 74 |  |  |  | (150 | ) |  |  | (15 | ) |  |  | 80 |  |  |  | — |
Ending Balance, March 31, 2023 |  | $ | 244 |  |  | $ | 2,596 |  |  | $ | 5,166 |  |  | $ | 617 |  |  | $ | 94 |  |  | $ | 8,717 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Collectively evaluated |  |  | 244 |  |  |  | 2,596 |  |  |  | 5,166 |  |  |  | 617 |  |  |  | 94 |  |  |  | 8,717 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  | $ | 48,610 |  |  | $ | 334,302 |  |  | $ | 416,001 |  |  | $ | 110,937 |  |  | $ | 8,117 |  |  | $ | 917,967 |
Individually evaluated |  |  | 1,044 |  |  |  | 474 |  |  |  | 73 |  |  |  | — |  |  |  | — |  |  |  | 1,591 |
Collectively evaluated |  |  | 47,566 |  |  |  | 333,828 |  |  |  | 415,928 |  |  |  | 110,937 |  |  |  | 8,117 |  |  |  | 916,376 |
|  | December 31, 2022 |
|  | Construction and Land Development |  |  | Secured by 1-4 Family Residential |  |  | Other Real Estate |  |  | Commercial and Industrial |  |  | Consumer and Other Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance, December 31, 2021 |  | $ | 345 |  |  | $ | 1,077 |  |  | $ | 3,230 |  |  | $ | 718 |  |  | $ | 340 |  |  | $ | 5,710 |
Charge-offs |  |  | — |  |  |  | (6 | ) |  |  | — |  |  |  | (32 | ) |  |  | (491 | ) |  |  | (529 | )
Recoveries |  |  | 10 |  |  |  | 19 |  |  |  | 15 |  |  |  | 145 |  |  |  | 226 |  |  |  | 415 |
Provision for (recovery of) loan losses |  |  | 191 |  |  |  | 18 |  |  |  | 364 |  |  |  | 1,043 |  |  |  | 234 |  |  |  | 1,850 |
Ending Balance, December 31, 2022 |  | $ | 546 |  |  | $ | 1,108 |  |  | $ | 3,609 |  |  | $ | 1,874 |  |  | $ | 309 |  |  | $ | 7,446 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 888 |  |  |  | — |  |  |  | 888 |
Collectively evaluated for impairment |  |  | 546 |  |  |  | 1,108 |  |  |  | 3,609 |  |  |  | 986 |  |  |  | 309 |  |  |  | 6,558 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  | $ | 51,840 |  |  | $ | 331,421 |  |  | $ | 418,456 |  |  | $ | 111,225 |  |  | $ | 7,581 |  |  | $ | 920,523 |
Individually evaluated for impairment |  |  | 1,045 |  |  |  | 530 |  |  |  | 13 |  |  |  | 1,085 |  |  |  | — |  |  |  | 2,673 |
Collectively evaluated for impairment |  |  | 50,795 |  |  |  | 330,891 |  |  |  | 418,443 |  |  |  | 110,140 |  |  |  | 7,581 |  |  |  | 917,850 |
|  | March 31, 2022 |
|  | Construction and Land Development |  |  | Secured by 1-4 Family Residential |  |  | Other Real Estate |  |  | Commercial and Industrial |  |  | Consumer and Other Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance, December 31, 2021 |  | $ | 345 |  |  | $ | 1,077 |  |  | $ | 3,230 |  |  | $ | 718 |  |  | $ | 340 |  |  | $ | 5,710 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (8 | ) |  |  | (98 | ) |  |  | (106 | )
Recoveries |  |  | 4 |  |  |  | 5 |  |  |  | 2 |  |  |  | 140 |  |  |  | 73 |  |  |  | 224 |
(Recovery of) provision for loan losses |  |  | (1 | ) |  |  | (113 | ) |  |  | 145 |  |  |  | (40 | ) |  |  | 9 |  |  |  | — |
Ending Balance, March 31, 2022 |  | $ | 348 |  |  | $ | 969 |  |  | $ | 3,377 |  |  | $ | 810 |  |  | $ | 324 |  |  | $ | 5,828 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Collectively evaluated for impairment |  |  | 348 |  |  |  | 969 |  |  |  | 3,377 |  |  |  | 810 |  |  |  | 324 |  |  |  | 5,828 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  | $ | 49,308 |  |  | $ | 290,408 |  |  | $ | 384,191 |  |  | $ | 103,682 |  |  | $ | 8,834 |  |  | $ | 836,423 |
Individually evaluated for impairment |  |  | — |  |  |  | 619 |  |  |  | 28 |  |  |  | 1,483 |  |  |  | — |  |  |  | 2,130 |
Collectively evaluated for impairment |  |  | 49,308 |  |  |  | 289,789 |  |  |  | 384,163 |  |  |  | 102,199 |  |  |  | 8,834 |  |  |  | 834,293 |
Financing Receivable, Nonaccrual [Table Text Block] |
|  | CECL |  |  | Incurred Loss |
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | Nonaccrual Loans with No Allowance |  |  | Nonaccrual loans with an Allowance |  |  | Total Nonaccrual Loans |  |  | Nonaccrual Loans |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 1,044 |  |  | $ | — |  |  | $ | 1,044 |  |  | $ | 1,045 |
Secured by 1-4 family residential |  |  | 474 |  |  |  | — |  |  |  | 474 |  |  |  | 530 |
Other real estate loans |  |  | 73 |  |  |  | — |  |  |  | 73 |  |  |  | 13 |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,085 |
Total |  | $ | 1,591 |  |  | $ | — |  |  | $ | 1,591 |  |  | $ | 2,673 |
Impaired Financing Receivables [Table Text Block] |
|  | December 31, 2022 |
|  | Unpaid Principal Balance |  |  | Recorded Investment with No Allowance |  |  | Recorded Investment with Allowance |  |  | Total Recorded Investment |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 2,412 |  |  | $ | 1,045 |  |  | $ | — |  |  | $ | 1,045 |  |  | $ | — |  |  | $ | 30 |  |  | $ | 75 |
Secured by 1-4 family residential |  |  | 680 |  |  |  | 530 |  |  |  | — |  |  |  | 530 |  |  |  | — |  |  |  | 580 |  |  |  | 11 |
Other real estate loans |  |  | 26 |  |  |  | 13 |  |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | 22 |  |  |  | — |
Commercial and industrial |  |  | 1,084 |  |  |  | — |  |  |  | 1,085 |  |  |  | 1,085 |  |  |  | 888 |  |  |  | 650 |  |  |  | 40 |
Total |  | $ | 4,202 |  |  | $ | 1,588 |  |  | $ | 1,085 |  |  | $ | 2,673 |  |  | $ | 888 |  |  | $ | 1,282 |  |  | $ | 126 |
|  | March 31, 2022 |
|  | Unpaid Principal Balance |  |  | Recorded Investment with No Allowance |  |  | Recorded Investment with Allowance |  |  | Total Recorded Investment |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured by 1-4 family residential |  | $ | 743 |  |  | $ | 618 |  |  | $ | — |  |  | $ | 618 |  |  | $ | — |  |  | $ | 732 |  |  | $ | 1 |
Other real estate loans |  |  | 39 |  |  |  | 28 |  |  |  | — |  |  |  | 28 |  |  |  | — |  |  |  | 29 |  |  |  | 0 |
Commercial and industrial |  |  | 1,680 |  |  |  | 1,484 |  |  |  | — |  |  |  | 1,484 |  |  |  | — |  |  |  | 1,491 |  |  |  | — |
Total |  | $ | 2,462 |  |  | $ | 2,130 |  |  | $ | — |  |  | $ | 2,130 |  |  | $ | — |  |  | $ | 2,252 |  |  | $ | 1 |
Financing Receivable, Collateral Dependent Loans [Table Text Block] |
|  | March 31, 2023 |
(Dollars in thousands) |  | Real Estate Secured |  |  | Non-Real Estate Secured |  |  | Total Collateral-Dependent Loans |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 1,044 |  |  | $ | — |  |  | $ | 1,044 |
Secured by 1-4 family residential |  |  | 474 |  |  |  | — |  |  |  | 474 |
Other real estate loans |  |  | 73 |  |  |  | — |  |  |  | 73 |
Total |  | $ | 1,591 |  |  | $ | — |  |  | $ | 1,591 |
Financing Receivable, Modified [Table Text Block] |
|  | Term Extension
(Dollars in thousands) |  | Amortized Cost Basis |  |  | % of Total Loan Type |  | Financial Effect
Real estate loans: |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | — |  |  |  | 0.00 | % |
Secured by 1-4 family residential |  |  | 76 |  |  |  | 0.02 | % | Converted HELOC to 15 year term loan.
Other real estate loans |  |  | — |  |  |  | 0.00 | % |
Commercial and industrial |  |  | — |  |  |  | 0.00 | % |
Total |  | $ | 76 |  |  |  | 0.02 | % |
|  | Principal Forgiveness
(Dollars in thousands) |  | Amortized Cost Basis |  |  | % of Total Loan Type |  | Financial Effect
Real estate loans: |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | — |  |  |  | 0.00 | % |
Secured by 1-4 family residential |  |  | 20 |  |  |  | 0.01 | % | Reduced the amortized cost basis of the loan by $29 thousand.
Other real estate loans |  |  | — |  |  |  | 0.00 | % |
Commercial and industrial |  |  | — |  |  |  | 0.00 | % |
Total |  | $ | 20 |  |  |  | 0.01 | % |

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