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Note 4 - Allowance for Credit Losses (Tables)

9 Months Ended

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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-Section 50
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