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Note 7 - Loans Receivable and Credit Disclosures (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Schedule of Composition of Loans Receivable [Table Text Block]
  

2023

  

2022

 
         

Real estate - construction

 $62,777  $51,253 

Real estate - 1 to 4 family residential

  293,911   285,107 

Real estate - multi-family

  191,206   185,784 

Real estate - commercial

  344,108   353,285 

Real estate - agricultural

  158,683   159,448 

Commercial

  90,296   77,265 

Agricultural

  92,116   113,355 

Consumer and other

  15,994   16,211 
   1,249,091   1,241,708 

Less allowance for credit losses

  (16,319)  (15,697)

Loans receivable, net

 $1,232,772  $1,226,011 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

Three Months Ended June 30, 2023

 
      

1-4 Family

                             
  

Construction

  

Residential

  

Multi-family

  

Commercial

  

Agricultural

          

Consumer

     
  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Commercial

  

Agricultural

  

and Other

  

Total

 

Balance, March 31, 2023

 $391  $3,288  $2,568  $5,206  $1,218  $1,784  $1,392  $422  $16,269 

Credit loss expense (benefit) 1

  21   68   (44)  (173)  (4)  260   (34)  (21)  73 

Recoveries of loans charged-off

  -   1   -   -   -   3   -   6   10 

Loans charged-off

  -   -   -   -   -   (33)  -   -   (33)

Balance, June 30, 2023

 $412  $3,357  $2,524  $5,033  $1,214  $2,014  $1,358  $407  $16,319 
  

Six Months Ended June 30, 2023

 
      

1-4 Family

                             
  

Construction

  

Residential

  

Multi-family

  

Commercial

  

Agricultural

          

Consumer

     
  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Commercial

  

Agricultural

  

and Other

  

Total

 

Balance, December 31, 2022

 $730  $3,028  $2,493  $4,742  $1,625  $1,153  $1,705  $221  $15,697 

Impact of adopting ASC 326

  (395)  242   (24)  513   (398)  449   (61)  192   518 

Credit loss expense (benefit) 1

  77   85   55   (227)  (13)  443   (122)  (13)  285 

Recoveries of loans charged-off

  -   2   -   5   -   6   -   7   20 

Loans charged-off

  -   -   -   -   -   (37)  (164)  -   (201)

Balance, June 30, 2023

 $412  $3,357  $2,524  $5,033  $1,214  $2,014  $1,358  $407  $16,319 
  

Three Months Ended June 30, 2022

 
      

1-4 Family

                             
  

Construction

  

Residential

  

Multi-family

  

Commercial

  

Agricultural

          

Consumer

     
  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Commercial

  

Agricultural

  

and Other

  

Total

 

Balance, March 31, 2022

 $645  $2,899  $2,433  $5,881  $1,630  $1,152  $1,606  $238  $16,484 

Credit loss expense (benefit)

  (39)  24   84   (39)  62   (28)  (122)  (1)  (59)

Recoveries of loans charged-off

  -   3   -   1   -   1   -   3   8 

Loans charged-off

  -   (6)  -   -   -   -   -   (7)  (13)

Balance, June 30, 2022

 $606  $2,920  $2,517  $5,843  $1,692  $1,125  $1,484  $233  $16,420 
  

Six Months Ended June 30, 2022

 
      

1-4 Family

                             
  

Construction

  

Residential

  

Multi-family

  

Commercial

  

Agricultural

          

Consumer

     
  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Commercial

  

Agricultural

  

and Other

  

Total

 

Balance, December 31, 2021

 $675  $2,752  $2,501  $5,905  $1,584  $1,170  $1,836  $198  $16,621 

Credit loss expense (benefit)

  (69)  174   16   (63)  108   (47)  (352)  47   (186)

Recoveries of loans charged-off

  -   4   -   1   -   2   -   4   11 

Loans charged-off

  -   (10)  -   -   -   -   -   (16)  (26)

Balance, June 30, 2022

 $606  $2,920  $2,517  $5,843  $1,692  $1,125  $1,484  $233  $16,420 
Allowance for Loan Losses Disaggregated on Basis of Impairment Analysis Method [Table Text Block]

2023

     

1-4 Family

                             
  

Construction

  

Residential

  

Multi-family

  

Commercial

  

Agricultural

          

Consumer

     
  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Commercial

  

Agricultural

  

and Other

  

Total

 

Individually evaluated for credit losses

 $-  $10  $-  $-  $-  $97  $70  $15  $192 

Collectively evaluated for credit losses

  412   3,347   2,524   5,033   1,214   1,917   1,288   392   16,127 

Balance June 30, 2023

 $412  $3,357  $2,524  $5,033  $1,214  $2,014  $1,358  $407  $16,319 

2022

     

1-4 Family

                             
  

Construction

  

Residential

  

Multi-family

  

Commercial

  

Agricultural

          

Consumer

     
  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Commercial

  

Agricultural

  

and Other

  

Total

 

Individually evaluated for credit losses

 $-  $10  $-  $-  $-  $-  $68  $17  $95 

Collectively evaluated for credit losses

  730   3,018   2,493   4,742   1,625   1,153   1,637   204   15,602 

Balance December 31, 2022

 $730  $3,028  $2,493  $4,742  $1,625  $1,153  $1,705  $221  $15,697 
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

2023

     

1-4 Family

                             
  

Construction

  

Residential

  

Multi-family

  

Commercial

  

Agricultural

          

Consumer

     
  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Commercial

  

Agricultural

  

and Other

  

Total

 

Individually evaluated for credit losses

 $-  $803  $-  $9,022  $486  $278  $736  $15  $11,340 

Collectively evaluated for credit losses

  62,777   293,108   191,206   335,086   158,197   90,018   91,380   15,979   1,237,751 
                                     

Balance June 30, 2023

 $62,777  $293,911  $191,206  $344,108  $158,683  $90,296  $92,116  $15,994  $1,249,091 

2022

     

1-4 Family

                             
  

Construction

  

Residential

  

Multi-family

  

Commercial

  

Agricultural

          

Consumer

     
  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Commercial

  

Agricultural

  

and Other

  

Total

 

Individually evaluated for credit losses

 $-  $805  $-  $12,853  $165  $200  $342  $21  $14,386 

Collectively evaluated for credit losses

  51,253   284,302   185,784   340,432   159,283   77,065   113,013   16,190   1,227,322 
                                     

Balance December 31, 2022

 $51,253  $285,107  $185,784  $353,285  $159,448  $77,265  $113,355  $16,211  $1,241,708 
Financing Receivable, Amortized Cost [Table Text Block]
  

Primary Type of Collateral

 

June 30, 2023

 

Real Estate

  

Equipment

  

Other

  

Total

  

ACL Allocation

 
                     

Real estate - construction

 $-  $-  $-  $-  $- 

Real estate - 1 to 4 family residential

  803   -   -   803   10 

Real estate - multi-family

  -   -   -   -   - 

Real estate - commercial

  9,022   -   -   9,022   - 

Real estate - agricultural

  486   -   -   486   - 

Commercial

  124   3   97   224   97 

Agricultural

  252   40   444   736   70 

Consumer and other

  -   -   -   -   - 
                     
  $10,687  $43  $541  $11,271  $177 
Impaired Financing Receivables [Table Text Block]
  

2022

 
      

Unpaid

     
  

Recorded

  

Principal

  

Related

 
  

Investment

  

Balance

  

Allowance

 

With no specific reserve recorded:

            

Real estate - construction

 $-  $-  $- 

Real estate - 1 to 4 family residential

  687   721   - 

Real estate - multi-family

  -   -   - 

Real estate - commercial

  12,853   13,578   - 

Real estate - agricultural

  165   194   - 

Commercial

  200   249   - 

Agricultural

  78   88   - 

Consumer and other

  4   7   - 

Total loans with no specific reserve:

  13,987   14,837   - 
             

With an allowance recorded:

            

Real estate - construction

  -   -   - 

Real estate - 1 to 4 family residential

  118   123   10 

Real estate - multi-family

  -   -   - 

Real estate - commercial

  -   -   - 

Real estate - agricultural

  -   -   - 

Commercial

  -   -   - 

Agricultural

  264   294   68 

Consumer and other

  17   19   17 

Total loans with specific reserve:

  399   436   95 
             

Total

            

Real estate - construction

  -   -   - 

Real estate - 1 to 4 family residential

  805   844   10 

Real estate - multi-family

  -   -   - 

Real estate - commercial

  12,853   13,578   - 

Real estate - agricultural

  165   194   - 

Commercial

  200   249   - 

Agricultural

  342   382   68 

Consumer and other

  21   26   17 
             
  $14,386  $15,273  $95 
Average Investment in Impaired Loans and Interest Income Recognized [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

June 30, 2022

  

June 30, 2022

 
  

Average

  

Interest

  

Average

  

Interest

 
  

Recorded

  

Income

  

Recorded

  

Income

 
  

Investment

  

Recognized

  

Investment

  

Recognized

 

With no specific reserve recorded:

                

Real estate - construction

 $-  $-  $-  $- 

Real estate - 1 to 4 family residential

  687   14   683   17 

Real estate - multi-family

  -   -   -   - 

Real estate - commercial

  120   -   121   - 

Real estate - agricultural

  357   14   420   14 

Commercial

  214   1   220   5 

Agricultural

  143   -   202   - 

Consumer and other

  4   -   4   - 

Total loans with no specific reserve:

  1,525   29   1,650   36 
                 

With an allowance recorded:

                

Real estate - construction

  -   -   -   - 

Real estate - 1 to 4 family residential

  163   1   209   1 

Real estate - multi-family

  -   -   -   - 

Real estate - commercial

  9,632   -   9,644   - 

Real estate - agricultural

  -   -   -   - 

Commercial

  38   -   58   - 

Agricultural

  305   -   308   - 

Consumer and other

  20   -   20   - 

Total loans with specific reserve:

  10,158   1   10,239   1 
                 

Total

                

Real estate - construction

  -   -   -   - 

Real estate - 1 to 4 family residential

  850   15   892   18 

Real estate - multi-family

  -   -   -   - 

Real estate - commercial

  9,752   -   9,765   - 

Real estate - agricultural

  357   14   420   14 

Commercial

  252   1   278   5 

Agricultural

  448   -   510   - 

Consumer and other

  24   -   24   - 
                 
  $11,683  $30  $11,889  $37 
Financing Receivable, Modified With Term Extension [Table Text Block]

Loan Modifications Made to Borrowers Experiencing Financial Difficulty

 
         
  

Term Extension

 
  

Amortized Cost Basis at

  

% of Total Class of

 
  

June 30, 2023

  

Financing Receivable

 

Loan Type

        

Agricultural

 $417   0.5%

Term Extension

Loan Type

 

Financial Effect

   

Agricultural

 

Added a weighted-average 7.7 years to the life of loans, which reduced monthly payment amounts for the borrowers

Financing Receivable, Past Due [Table Text Block]

2023

     

90 Days

              

90 Days

 
  30-89  

or Greater

  

Total

          

or Greater

 
  

Past Due

  

Past Due

  

Past Due

  

Current

  

Total

  

Accruing

 
                         

Real estate - construction

 $335  $-  $335  $62,442  $62,777  $- 

Real estate - 1 to 4 family residential

  582   8   590   293,321   293,911   - 

Real estate - multi-family

  -   -   -   191,206   191,206   - 

Real estate - commercial

  106   -   106   344,002   344,108   - 

Real estate - agricultural

  659   214   873   157,810   158,683   214 

Commercial

  376   -   376   89,920   90,296   - 

Agricultural

  643   121   764   91,352   92,116   104 

Consumer and other

  40   -   40   15,954   15,994   - 
                         
  $2,741  $343  $3,084  $1,246,007  $1,249,091  $318 

2022

     

90 Days

              

90 Days

 
  

30-89

  

or Greater

  

Total

          

or Greater

 
  

Past Due

  

Past Due

  

Past Due

  

Current

  

Total

  

Accruing

 
                         

Real estate - construction

 $66  $-  $66  $51,187  $51,253  $- 

Real estate - 1 to 4 family residential

  944   11   955   284,152   285,107   - 

Real estate - multi-family

  -   -   -   185,784   185,784   - 

Real estate - commercial

  2,362   1,399   3,761   349,524   353,285   - 

Real estate - agricultural

  185   -   185   159,263   159,448   - 

Commercial

  592   7   599   76,666   77,265   - 

Agricultural

  218   30   248   113,107   113,355   - 

Consumer and other

  37   4   41   16,170   16,211   - 
                         
  $4,404  $1,451  $5,855  $1,235,853  $1,241,708  $- 
Financing Receivable, Amortized Cost by Year of Origination [Table Text Block]

June 30, 2023

 

Amortized Cost Basis of Term Loans by Year of Origination

         
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Real estate - construction

                                

Pass

 $14,836  $38,503  $1,354  $802  $-  $372  $6,611  $62,478 

Watch

  81   -   -   218   -   -   -   299 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Substandard-Impaired

  -   -   -   -   -   -   -   - 

Total

 $14,917  $38,503  $1,354  $1,020  $-  $372  $6,611  $62,777 
                                 

Current-period gross writeoffs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Real estate - 1-4 family residential

                                

Pass

 $29,857  $84,304  $62,316  $53,603  $9,362  $20,525  $17,090  $277,057 

Watch

  845   398   11,334   1,575   -   531   73   14,756 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  21   18   939   -   255   62   -   1,295 

Substandard-Impaired

  18   118   589   -   -   78   -   803 

Total

 $30,741  $84,838  $75,178  $55,178  $9,617  $21,196  $17,163  $293,911 
                                 

Current-period gross writeoffs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Real estate - multi-family

                                

Pass

 $14,389  $49,144  $49,269  $42,667  $14,142  $721  $1,612  $171,944 

Watch

  4,194   1,441   8,315   -   -   -   -   13,950 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  1,290   -   -   2,345   1,677   -   -   5,312 

Substandard-Impaired

  -   -   -   -   -   -   -   - 

Total

 $19,873  $50,585  $57,584  $45,012  $15,819  $721  $1,612  $191,206 
                                 

Current-period gross writeoffs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Real estate - commercial

                                

Pass

 $26,567  $74,297  $72,317  $66,614  $21,450  $14,630  $4,162  $280,037 

Watch

  691   3,084   13,812   19,261   594   963   2,890   41,295 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   10,467   -   2,435   372   498   -   13,772 

Substandard-Impaired

  8,898   -   106   -   -   -   -   9,004 

Total

 $36,156  $87,848  $86,235  $88,310  $22,416  $16,091  $7,052  $344,108 
                                 

Current-period gross writeoffs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Real estate - agricultural

                                

Pass

 $12,897  $32,252  $32,938  $29,795  $6,406  $27,100  $1,751  $143,139 

Watch

  783   381   3,949   4,865   268   1,086   -   11,332 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  1,312   1,379   122   1,025   -   214   -   4,052 

Substandard-Impaired

  -   -   160   -   -   -   -   160 

Total

 $14,992  $34,012  $37,169  $35,685  $6,674  $28,400  $1,751  $158,683 
                                 

Current-period gross writeoffs

 $-  $-  $-  $-  $-  $-  $-  $- 

June 30, 2023

 

Amortized Cost Basis of Term Loans by Year of Origination

         
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Commercial

                                

Pass

 $19,970  $14,939  $12,320  $3,458  $2,599  $1,819  $28,102  $83,207 

Watch

  474   257   925   518   110   165   2,600   5,049 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   284   -   430   -   -   1,048   1,762 

Substandard-Impaired

  49   54   3   97   -   75   -   278 

Total

 $20,493  $15,534  $13,248  $4,503  $2,709  $2,059  $31,750  $90,296 
                                 

Current-period gross writeoffs

 $-  $-  $-  $33  $-  $4  $-  $37 
                                 

Agricultural

                                

Pass

 $8,673  $11,224  $6,544  $3,475  $577  $986  $54,578  $86,057 

Watch

  1,604   481   312   5   18   -   3,070   5,490 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   14   35   62   -   -   60   171 

Substandard-Impaired

  114   17   267   -   -   -   -   398 

Total

 $10,391  $11,736  $7,158  $3,542  $595  $986  $57,708  $92,116 
                                 

Current-period gross writeoffs

 $-  $74  $90  $-  $-  $-  $-  $164 
                                 

Consumer and other

                                

Pass

 $4,426  $4,599  $3,237  $2,341  $538  $764  $33  $15,938 

Watch

  10   -   -   -   -   -   -   10 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  31   -   -   -   -   -   -   31 

Substandard-Impaired

  -   -   -   15   -   -   -   15 

Total

 $4,467  $4,599  $3,237  $2,356  $538  $764  $33  $15,994 
                                 

Current-period gross writeoffs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Total loans

                                

Pass

 $131,615  $309,262  $240,295  $202,755  $55,074  $66,917  $113,939  $1,119,857 

Watch

  8,682   6,042   38,647   26,442   990   2,745   8,633   92,181 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  2,654   12,162   1,096   6,297   2,304   774   1,108   26,395 

Substandard-Impaired

  9,079   189   1,125   112   -   153   -   10,658 

Total

 $152,030  $327,655  $281,163  $235,606  $58,368  $70,589  $123,680  $1,249,091 
                                 

Current-period gross writeoffs

 $-  $74  $90  $33  $-  $4  $-  $201 
Financing Receivable Credit Quality Indicators [Table Text Block]

December 31, 2022

 

Construction

  

Multi-family

  

Commercial

  

Agricultural

             
  

Real Estate

  

Real Estate

  

Real Estate

  

Real Estate

  

Commercial

  

Agricultural

  

Total

 
                             

Pass

 $51,253  $174,048  $264,898  $136,043  $69,872  $98,415  $794,529 

Watch

  -   9,344   62,076   18,324   5,392   14,146   109,282 

Special Mention

  -   -   -   -   116   -   116 

Substandard

  -   2,392   13,458   4,916   1,685   452   22,903 

Substandard-Impaired

  -   -   12,853   165   200   342   13,560 
                             
  $51,253  $185,784  $353,285  $159,448  $77,265  $113,355  $940,390 
Credit Risk Profile Based on Payment Activity on Disaggregated Basis [Table Text Block]

December 31, 2022

 

1-4 Family

         
  

Residential

  

Consumer

     
  

Real Estate

  

and Other

  

Total

 
             

Performing

 $284,302  $16,190  $300,492 

Non-performing

  805   21   826 
             
  $285,107  $16,211  $301,318