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v3.24.3

Note 4 - Allowance for Credit Losses (Tables) | 9 Months Ended
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Sep. 30, 2024
Notes Tables |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | September 30, 2024 |
|  | 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, 2023 |  | $ | 312 |  |  | $ | 3,159 |  |  | $ | 4,698 |  |  | $ | 3,706 |  |  | $ | 99 |  |  | $ | 11,974 |
Charge-offs |  |  | (4 | ) |  |  | (10 | ) |  |  | — |  |  |  | (2,355 | ) |  |  | (232 | ) |  |  | (2,601 | )
Recoveries |  |  | — |  |  |  | 8 |  |  |  | 2 |  |  |  | 67 |  |  |  | 108 |  |  |  | 185 |
Provision for (recovery of) credit losses on loans |  |  | 83 |  |  |  | (313 | ) |  |  | 422 |  |  |  | 2,805 |  |  |  | 149 |  |  |  | 3,146 |
Ending Balance, September 30, 2024 |  | $ | 391 |  |  | $ | 2,844 |  |  | $ | 5,122 |  |  | $ | 4,223 |  |  | $ | 124 |  |  | $ | 12,704 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,377 |  |  |  | — |  |  |  | 3,377 |
Collectively evaluated |  |  | 391 |  |  |  | 2,844 |  |  |  | 5,122 |  |  |  | 846 |  |  |  | 124 |  |  |  | 9,327 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  | $ | 61,446 |  |  | $ | 351,004 |  |  | $ | 449,746 |  |  | $ | 114,823 |  |  | $ | 17,701 |  |  | $ | 994,720 |
Individually evaluated |  |  | 34 |  |  |  | 836 |  |  |  | — |  |  |  | 5,123 |  |  |  | — |  |  |  | 5,993 |
Collectively evaluated |  |  | 61,412 |  |  |  | 350,168 |  |  |  | 449,746 |  |  |  | 109,700 |  |  |  | 17,701 |  |  |  | 988,727 |
|  | December 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 |  |  |  | 1,702 |  |  |  | (387 | ) |  |  | (225 | ) |  |  | 2,186 |
Charge-offs |  |  | — |  |  |  | (59 | ) |  |  | (34 | ) |  |  | (3,452 | ) |  |  | (448 | ) |  |  | (3,993 | )
Recoveries |  |  | — |  |  |  | 47 |  |  |  | 14 |  |  |  | 145 |  |  |  | 212 |  |  |  | 418 |
Provision for (recovery of) credit losses on loans |  |  | 79 |  |  |  | 654 |  |  |  | (593 | ) |  |  | 5,526 |  |  |  | 251 |  |  |  | 5,917 |
Ending Balance, December 31, 2023 |  | $ | 312 |  |  | $ | 3,159 |  |  | $ | 4,698 |  |  | $ | 3,706 |  |  | $ | 99 |  |  | $ | 11,974 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,705 |  |  |  | — |  |  |  | 2,705 |
Collectively evaluated for impairment |  |  | 312 |  |  |  | 3,159 |  |  |  | 4,698 |  |  |  | 1,001 |  |  |  | 99 |  |  |  | 9,269 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  | $ | 52,680 |  |  | $ | 344,369 |  |  | $ | 447,272 |  |  | $ | 113,074 |  |  | $ | 12,035 |  |  | $ | 969,430 |
Individually evaluated for impairment |  |  | 38 |  |  |  | 495 |  |  |  | — |  |  |  | 6,230 |  |  |  | — |  |  |  | 6,763 |
Collectively evaluated for impairment |  |  | 52,642 |  |  |  | 343,874 |  |  |  | 447,272 |  |  |  | 106,844 |  |  |  | 12,035 |  |  |  | 962,667 |
|  | 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 on loans |  |  | 68 |  |  |  | (97 | ) |  |  | (179 | ) |  |  | 165 |  |  |  | 209 |  |  |  | 166 |
Ending Balance, September 30, 2023 |  | $ | 302 |  |  | $ | 2,433 |  |  | $ | 5,145 |  |  | $ | 920 |  |  | $ | 96 |  |  | $ | 8,896 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 307 |  |  |  | — |  |  |  | 307 |
Collectively evaluated for impairment |  |  | 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 for impairment |  |  | 39 |  |  |  | 546 |  |  |  | 67 |  |  |  | 2,464 |  |  |  | — |  |  |  | 3,116 |
Collectively evaluated for impairment |  |  | 50,366 |  |  |  | 340,227 |  |  |  | 433,110 |  |  |  | 114,666 |  |  |  | 11,014 |  |  |  | 949,383 |
Financing Receivable, Nonaccrual [Table Text Block] |
|  | September 30, 2024 |  |  | December 31, 2023 |
|  | Nonaccrual Loans with No Allowance |  |  | Nonaccrual loans with an Allowance |  |  | Total Nonaccrual Loans |  |  | Nonaccrual Loans with No Allowance |  |  | Nonaccrual loans with an Allowance |  |  | Total Nonaccrual Loans |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 34 |  |  | $ | — |  |  | $ | 34 |  |  | $ | 38 |  |  | $ | — |  |  | $ | 38 |
Secured by 1-4 family residential |  |  | 840 |  |  |  | — |  |  |  | 840 |  |  |  | 495 |  |  |  | — |  |  |  | 495 |
Other real estate loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 1,678 |  |  |  | 3,377 |  |  |  | 5,055 |  |  |  | — |  |  |  | 6,230 |  |  |  | 6,230 |
Total |  | $ | 2,552 |  |  | $ | 3,377 |  |  | $ | 5,929 |  |  | $ | 533 |  |  | $ | 6,230 |  |  | $ | 6,763 |
Financing Receivable, Collateral Dependent Loans [Table Text Block] |
|  | September 30, 2024 |  |  | December 31, 2023 |
(Dollars in thousands) |  | Real Estate Secured |  |  | Non-Real Estate Secured |  |  | Total Collateral-Dependent Loans |  |  | Real Estate Secured |  |  | Non-Real Estate Secured |  |  | Total Collateral-Dependent Loans |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 34 |  |  | $ | — |  |  | $ | 34 |  |  | $ | 38 |  |  | $ | — |  |  | $ | 38 |
Secured by 1-4 family residential |  |  | 840 |  |  |  | — |  |  |  | 840 |  |  |  | 495 |  |  |  | — |  |  |  | 495 |
Other real estate loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 874 |  |  | $ | — |  |  | $ | 874 |  |  | $ | 533 |  |  | $ | — |  |  | $ | 533 |
Financing Receivable, Modified [Table Text Block] |
|  | Payment deferral
(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 |  |  | — |  |  |  | 0.00 | % |
Other real estate loans |  |  | — |  |  |  | 0.00 | % |
Commercial and industrial |  | 1,682 |  |  | 0.17 | % | Payment deferral of three months
Total |  | $ | 1,682 |  |  |  | 0.17 | % |
|  | Interest Rate Reduction
(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 |  |  | — |  |  |  | 0.00 | % |
Other real estate loans |  |  | — |  |  |  | 0.00 | % |
Commercial and industrial |  | 380 |  |  | 0.01 | % | Interest rate reduced by up to 4%
Total |  | $ | 380 |  |  |  | 0.01 | % |

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