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Note 4 - Allowance for Credit Losses (Tables)

3 Months Ended

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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-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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