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v3.25.1

Note 5 - Allowance for Credit Losses (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | December 31, 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 |
Initial Allowance on PCD Touchstone loans |  |  | 11 |  |  |  | 173 |  |  |  | 201 |  |  |  | 1 |  |  |  | — |  |  |  | 386 |
Charge-offs |  |  | (4 | ) |  |  | (38 | ) |  |  | — |  |  |  | (3,699 | ) |  |  | (293 | ) |  |  | (4,034 | )
Recoveries |  |  | — |  |  |  | 22 |  |  |  | 3 |  |  |  | 111 |  |  |  | 148 |  |  |  | 284 |
Initial Provision on Non-PCD Touchstone loans |  |  | 118 |  |  |  | 1,310 |  |  |  | 1,370 |  |  |  | 143 |  |  |  | 888 |  |  |  | 3,829 |
Provision for (recovery of) credit losses |  |  | 148 |  |  |  | (360 | ) |  |  | 1,190 |  |  |  | 3,665 |  |  |  | (682 | ) |  |  | 3,961 |
Ending Balance, December 31, 2024 |  | $ | 585 |  |  | $ | 4,266 |  |  | $ | 7,462 |  |  | $ | 3,927 |  |  | $ | 160 |  |  | $ | 16,400 |
Ending Balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,079 |  |  |  | — |  |  |  | 3,079 |
Collectively evaluated |  |  | 585 |  |  |  | 4,266 |  |  |  | 7,462 |  |  |  | 848 |  |  |  | 160 |  |  |  | 13,321 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance |  |  | 84,480 |  |  |  | 547,167 |  |  |  | 672,162 |  |  |  | 141,333 |  |  |  | 21,453 |  |  |  | 1,466,595 |
Individually evaluated |  |  | 50 |  |  |  | 2,148 |  |  |  | — |  |  |  | 4,773 |  |  |  | — |  |  |  | 6,971 |
Collectively evaluated |  |  | 84,430 |  |  |  | 545,019 |  |  |  | 672,162 |  |  |  | 136,560 |  |  |  | 21,453 |  |  |  | 1,459,624 |
|  | 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 loan 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 loan losses |  |  | 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 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,705 |  |  |  | — |  |  |  | 2,705 |
Collectively evaluated |  |  | 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 |  |  | 38 |  |  |  | 495 |  |  |  | — |  |  |  | 6,230 |  |  |  | — |  |  |  | 6,763 |
Collectively evaluated |  |  | 52,642 |  |  |  | 343,874 |  |  |  | 447,272 |  |  |  | 106,844 |  |  |  | 12,035 |  |  |  | 962,667 |
Financing Receivable, Nonaccrual [Table Text Block] |
|  | December 31, 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 |  | $ | 50 |  |  | $ | — |  |  | $ | 50 |  |  | $ | 38 |  |  | $ | — |  |  | $ | 38 |
Secured by 1-4 family residential |  |  | 2,148 |  |  |  | — |  |  |  | 2,148 |  |  |  | 495 |  |  |  | — |  |  |  | 495 |
Commercial and industrial |  |  | 237 |  |  |  | 4,536 |  |  |  | 4,773 |  |  |  | — |  |  |  | 6,230 |  |  |  | 6,230 |
Total |  | $ | 2,435 |  |  | $ | 4,536 |  |  | $ | 6,971 |  |  | $ | 533 |  |  | $ | 6,230 |  |  | $ | 6,763 |
Financing Receivable, Collateral Dependent Loans [Table Text Block] |
|  | December 31, 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 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 38 |  |  | $ | — |  |  | $ | 38 |
Secured by 1-4 family residential |  |  | 703 |  |  |  | — |  |  |  | 703 |  |  |  | 495 |  |  |  | — |  |  |  | 495 |
Total |  | $ | 703 |  |  | $ | — |  |  | $ | 703 |  |  | $ | 533 |  |  | $ | — |  |  | $ | 533 |
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 |  | — |  | 0.00 | % |
Other real estate loans |  | — |  | 0.00 | % |
Commercial and industrial |  | 1,829 |  | 1.29 | % | Term extension and payment deferral for 6 months
Total | $ | 1,829 |  | 1.29 | % |
| 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 |  | — |  | 0.00 | % |
Other real estate loans |  | — |  | 0.00 | % |
Commercial and industrial |  | 959 |  | 0.68 | % | Payment deferral for 24 months
Total | $ | 959 |  | 0.68 | % |
| 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 |  | 462 |  | 0.08 | % | Interest rate reduced from 7.5% to 4.0%
Other real estate loans |  | — |  | 0.00 | % |
Commercial and industrial |  | 217 |  | 0.15 | % | Weighted average interest rate reduced from 18.17% to 14.62%
Total | $ | 679 |  | 0.23 | % |

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