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v3.24.1.1.u2

Note 3 - Loans (Tables) | 3 Months Ended
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Mar. 31, 2024
Notes Tables |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
|  | March 31, 2024 |  |  | December 31, 2023 |
Real estate loans: |  |  |  |  |  |  |  |
Construction and land development |  | $ | 53,364 |  |  | $ | 52,680 |
Secured by 1-4 family residential |  |  | 347,014 |  |  |  | 344,369 |
Other real estate loans |  |  | 445,085 |  |  |  | 447,272 |
Commercial and industrial loans |  |  | 113,562 |  |  |  | 113,074 |
Consumer and other loans |  |  | 13,949 |  |  |  | 12,035 |
Total loans |  | $ | 972,974 |  |  | $ | 969,430 |
Allowance for credit losses |  |  | (12,603 | ) |  |  | (11,974 | )
Loans, net |  | $ | 960,371 |  |  | $ | 957,456 |
Financing Receivable, Purchased with Credit Deterioration [Table Text Block] |
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | Acquired Loans- |  |  | Acquired Loans- |
|  | Non-Purchased |  |  | Non-Purchased |
(Dollars in thousands) |  | Credit Deteriorated |  |  | Credit Deteriorated |
Outstanding principal balance |  | $ | 155,913 |  |  | $ | 164,028 |
Carrying amount |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |
Construction and land development |  | $ | 7,676 |  |  | $ | 7,851 |
Secured by 1-4 family residential |  |  | 35,044 |  |  |  | 36,290 |
Other real estate loans |  |  | 91,362 |  |  |  | 94,882 |
Commercial and industrial loans |  |  | 16,558 |  |  |  | 19,611 |
Consumer and other loans |  |  | 3,428 |  |  |  | 3,451 |
Total acquired loans |  | $ | 154,068 |  |  | $ | 162,085 |
Financing Receivable, Past Due [Table Text Block] |
|  | March 31, 2024 |
|  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | > 90 Days Past Due |  |  | Total Past Due |  |  | Current |  |  | Total Loans |  |  | Non-accrual Loans |  |  | 90 Days or More Past Due and Accruing |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 53,364 |  |  | $ | 53,364 |  |  | $ | 37 |  |  | $ | — |
Secured by 1-4 family residential |  |  | 1,604 |  |  |  | 65 |  |  |  | 130 |  |  |  | 1,799 |  |  |  | 345,215 |  |  |  | 347,014 |  |  |  | 775 |  |  |  | 130 |
Other real estate loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 445,085 |  |  |  | 445,085 |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 474 |  |  |  | 769 |  |  |  | 45 |  |  |  | 1,288 |  |  |  | 112,274 |  |  |  | 113,562 |  |  |  | 7,203 |  |  |  | 45 |
Consumer and other loans |  |  | 53 |  |  |  | 6 |  |  |  | — |  |  |  | 59 |  |  |  | 13,890 |  |  |  | 13,949 |  |  |  | — |  |  |  | — |
Total |  | $ | 2,131 |  |  | $ | 840 |  |  | $ | 175 |  |  | $ | 3,146 |  |  | $ | 969,828 |  |  | $ | 972,974 |  |  | $ | 8,015 |  |  | $ | 175 |
|  | December 31, 2023 |
|  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | > 90 Days Past Due |  |  | Total Past Due |  |  | Current |  |  | Total Loans |  |  | Non-accrual Loans |  |  | 90 Days or More Past Due and Accruing |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 183 |  |  | $ | 4 |  |  | $ | 38 |  |  | $ | 225 |  |  | $ | 52,455 |  |  | $ | 52,680 |  |  | $ | 38 |  |  | $ | — |
Secured by 1-4 family residential |  |  | 1,364 |  |  |  | 350 |  |  |  | 392 |  |  |  | 2,106 |  |  |  | 342,263 |  |  |  | 344,369 |  |  |  | 495 |  |  |  | 245 |
Other real estate loans |  |  | — |  |  |  | — |  |  |  | 82 |  |  |  | 82 |  |  |  | 447,190 |  |  |  | 447,272 |  |  |  | — |  |  |  | 82 |
Commercial and industrial |  |  | 252 |  |  |  | 316 |  |  |  | 197 |  |  |  | 765 |  |  |  | 112,309 |  |  |  | 113,074 |  |  |  | 6,230 |  |  |  | 197 |
Consumer and other loans |  |  | 33 |  |  |  | — |  |  |  | — |  |  |  | 33 |  |  |  | 12,002 |  |  |  | 12,035 |  |  |  | — |  |  |  | — |
Total |  | $ | 1,832 |  |  | $ | 670 |  |  | $ | 709 |  |  | $ | 3,211 |  |  | $ | 966,219 |  |  | $ | 969,430 |  |  | $ | 6,763 |  |  | $ | 524 |
Financing Receivable Credit Quality Indicators [Table Text Block] |
|  | March 31, 2024 |  |  |  |  |  |  |  |  |
|  | Term Loans by Year of Origination |  |  |  |  |  |  |  |  |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Revolving |  |  | Total |
Construction and land development |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 419 |  |  | $ | 1,716 |  |  | $ | 2,809 |  |  | $ | 4,183 |  |  | $ | 3,330 |  |  | $ | 4,705 |  |  | $ | 36,165 |  |  | $ | 53,327 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 37 |  |  |  | — |  |  |  | 37 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total Construction and land development |  | $ | 419 |  |  | $ | 1,716 |  |  | $ | 2,809 |  |  | $ | 4,183 |  |  | $ | 3,330 |  |  | $ | 4,742 |  |  | $ | 36,165 |  |  | $ | 53,364 |
Current period gross write-offs |  | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |
Secured by 1-4 family residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 3,937 |  |  | $ | 37,427 |  |  | $ | 65,965 |  |  | $ | 58,505 |  |  | $ | 37,782 |  |  | $ | 93,662 |  |  | $ | 48,679 |  |  | $ | 345,957 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  |  |  |  |  | 89 |  |  |  | 208 |  |  |  | — |  |  |  | 760 |  |  |  | — |  |  |  | 1,057 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total Secured by 1-4 family residential |  | $ | 3,937 |  |  | $ | 37,427 |  |  | $ | 66,054 |  |  | $ | 58,713 |  |  | $ | 37,782 |  |  | $ | 94,422 |  |  | $ | 48,679 |  |  | $ | 347,014 |
Current period gross write-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |  |  | $ | 10 |
Other real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 2,876 |  |  | $ | 49,906 |  |  | $ | 94,347 |  |  | $ | 92,627 |  |  | $ | 40,803 |  |  | $ | 152,384 |  |  | $ | 12,142 |  |  | $ | 445,085 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total Other real estate loans |  | $ | 2,876 |  |  | $ | 49,906 |  |  | $ | 94,347 |  |  | $ | 92,627 |  |  | $ | 40,803 |  |  | $ | 152,384 |  |  | $ | 12,142 |  |  | $ | 445,085 |
Current period gross write-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial and industrial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 7,403 |  |  | $ | 22,279 |  |  | $ | 19,892 |  |  | $ | 17,278 |  |  | $ | 2,449 |  |  | $ | 10,365 |  |  | $ | 25,307 |  |  | $ | 104,973 |
Special Mention |  |  | — |  |  |  | — |  |  |  | 1,371 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,371 |
Substandard |  |  | — |  |  |  | 696 |  |  |  | 4,130 |  |  |  | 1,440 |  |  |  | — |  |  |  | 952 |  |  |  | — |  |  |  | 7,218 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total Commercial and industrial |  | $ | 7,403 |  |  | $ | 22,975 |  |  | $ | 25,393 |  |  | $ | 18,718 |  |  | $ | 2,449 |  |  | $ | 11,317 |  |  | $ | 25,307 |  |  | $ | 113,562 |
Current period gross write-offs |  | $ | — |  |  | $ | 317 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 317 |
Consumer and other loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 1,951 |  |  | $ | 2,427 |  |  | $ | 1,027 |  |  | $ | 326 |  |  | $ | 1,328 |  |  | $ | 2,116 |  |  | $ | 4,774 |  |  | $ | 13,949 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total Consumer and other loans |  | $ | 1,951 |  |  | $ | 2,427 |  |  | $ | 1,027 |  |  | $ | 326 |  |  | $ | 1,328 |  |  | $ | 2,116 |  |  | $ | 4,774 |  |  | $ | 13,949 |
Current period gross write-offs |  | $ | 70 |  |  | $ | 4 |  |  | $ | 6 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 83 |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
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