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v3.23.3

Note 4 - Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 30, 2023
Notes Tables |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | September 30, 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 |  |  |  | 1,702 |  |  |  | (387 | ) |  |  | (225 | ) |  |  | 2,186 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (877 | ) |  |  | (351 | ) |  |  | (1,228 | )
Recoveries |  |  | 1 |  |  |  | 13 |  |  |  | 13 |  |  |  | 145 |  |  |  | 154 |  |  |  | 326 |
Provision for (recovery of) credit losses |  |  | 68 |  |  |  | (97 | ) |  |  | (179 | ) |  |  | 165 |  |  |  | 209 |  |  |  | 166 |
Ending Balance, September 30, 2023 |  | $ | 302 |  |  | $ | 2,433 |  |  | $ | 5,145 |  |  | $ | 920 |  |  | $ | 96 |  |  | $ | 8,896 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 307 |  |  |  | — |  |  |  | 307 |
Collectively evaluated |  |  | 302 |  |  |  | 2,433 |  |  |  | 5,145 |  |  |  | 613 |  |  |  | 96 |  |  |  | 8,589 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  | $ | 50,405 |  |  | $ | 340,773 |  |  | $ | 433,177 |  |  | $ | 117,130 |  |  | $ | 11,014 |  |  | $ | 952,499 |
Individually evaluated |  |  | 39 |  |  |  | 546 |  |  |  | 67 |  |  |  | 2,464 |  |  |  | — |  |  |  | 3,116 |
Collectively evaluated |  |  | 50,366 |  |  |  | 340,227 |  |  |  | 433,110 |  |  |  | 114,666 |  |  |  | 11,014 |  |  |  | 949,383 |
|  | 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 |
|  | September 30, 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 | ) |  |  | — |  |  |  | — |  |  |  | (387 | ) |  |  | (393 | )
Recoveries |  |  | 10 |  |  |  | 15 |  |  |  | 12 |  |  |  | 144 |  |  |  | 194 |  |  |  | 375 |
Provision for (recovery of) loan losses |  |  | 99 |  |  |  | (22 | ) |  |  | 331 |  |  |  | 69 |  |  |  | 123 |  |  |  | 600 |
Ending Balance, September 30, 2022 |  | $ | 454 |  |  | $ | 1,064 |  |  | $ | 3,573 |  |  | $ | 931 |  |  | $ | 270 |  |  | $ | 6,292 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Collectively evaluated for impairment |  |  | 454 |  |  |  | 1,064 |  |  |  | 3,573 |  |  |  | 931 |  |  |  | 270 |  |  |  | 6,292 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  | $ | 51,352 |  |  | $ | 317,414 |  |  | $ | 417,504 |  |  | $ | 112,145 |  |  | $ | 8,099 |  |  | $ | 906,514 |
Individually evaluated for impairment |  |  | — |  |  |  | 549 |  |  |  | 17 |  |  |  | — |  |  |  | — |  |  |  | 566 |
Collectively evaluated for impairment |  |  | 51,352 |  |  |  | 316,865 |  |  |  | 417,487 |  |  |  | 112,145 |  |  |  | 8,099 |  |  |  | 905,948 |
Financing Receivable, Nonaccrual [Table Text Block] |
|  | CECL |  |  | Incurred Loss |
|  | September 30, 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 |  | $ | 39 |  |  | $ | — |  |  | $ | 39 |  |  | $ | 1,045 |
Secured by 1-4 family residential |  |  | 546 |  |  |  | — |  |  |  | 546 |  |  |  | 530 |
Other real estate loans |  |  | 67 |  |  |  | — |  |  |  | 67 |  |  |  | 13 |
Commercial and industrial |  |  | — |  |  |  | 2,464 |  |  |  | 2,464 |  |  |  | 1,085 |
Total |  | $ | 652 |  |  | $ | 2,464 |  |  | $ | 3,116 |  |  | $ | 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 |
|  | September 30, 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 |  | $ | 560 |  |  | $ | 549 |  |  | $ | — |  |  | $ | 549 |  |  | $ | — |  |  | $ | 593 |  |  | $ | 11 |
Other real estate loans |  |  | 29 |  |  |  | 17 |  |  |  | — |  |  |  | 17 |  |  |  | — |  |  |  | 24 |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 823 |  |  |  | — |
Total |  | $ | 589 |  |  | $ | 566 |  |  | $ | — |  |  | $ | 566 |  |  | $ | — |  |  | $ | 1,440 |  |  | $ | 11 |
Financing Receivable, Collateral Dependent Loans [Table Text Block] |
|  | September 30, 2023 |
(Dollars in thousands) |  | Real Estate Secured |  |  | Non-Real Estate Secured |  |  | Total Collateral-Dependent Loans |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 39 |  |  | $ | — |  |  | $ | 39 |
Secured by 1-4 family residential |  |  | 546 |  |  |  | — |  |  |  | 546 |
Other real estate loans |  |  | 67 |  |  |  | — |  |  |  | 67 |
Commercial and industrial |  |  | — |  |  |  | 2,464 |  |  |  | 2,464 |
Total |  | $ | 652 |  |  | $ | 2,464 |  |  | $ | 3,116 |
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 |  |  | 64 |  |  |  | 0.02 | % | Converted HELOC to 15 year term loan.
Other real estate loans |  |  | — |  |  |  | 0.00 | % |
Commercial and industrial |  |  | 2,464 |  |  |  | 2.10 | % | Decrease in loan payment
Total |  | $ | 2,528 |  |  |  | 2.12 | % |
|  | 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 |  |  | 17 |  |  |  | 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 |  | $ | 17 |  |  |  | 0.01 | % |

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