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Note 3 - Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	September 30,			December 31,
(In thousands)	2019			2018

Real estate mortgage loans:
Residential	$	142,801		$	136,445
Land		21,929			22,607
Residential construction		32,250			31,459
Commercial real estate		116,584			107,445
Commercial real estate construction		23,469			20,591
Commercial business loans		38,620			36,297
Consumer loans:
Home equity and second mortgage loans		52,387			51,731
Automobile loans		47,440			42,124
Loans secured by savings accounts		1,303			1,399
Unsecured loans		3,634			3,638
Other consumer loans		10,973			10,169
Gross loans		491,390			463,905
Less undisbursed portion of loans in process		(20,076	)		(26,675	)

Principal loan balance		471,314			437,230

Deferred loan origination fees, net		1,119			1,095
Allowance for loan losses		(4,739	)		(4,065	)

Loans, net	$	467,694		$	434,260

Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]

	Residential						Commercial		Commercial		Home Equity &		Other
	Real Estate		Land		Construction		Real Estate		Business		2nd Mtg		Consumer		Total
	(In thousands)
Ending allowance balance attributable to loans:

Individually evaluated for impairment	$	16	$	-	$	-	$	-	$	-	$	14	$	-	$	30
Collectively evaluated for impairment		770		172		351		1,482		552		473		889		4,689
Acquired with deteriorated credit quality		20		-		-		-		-		-		-		20

Ending balance	$	806	$	172	$	351	$	1,482	$	552	$	487	$	889	$	4,739

	Residential						Commercial		Commercial		Home Equity &		Other
	Real Estate		Land		Construction		Real Estate		Business		2nd Mtg		Consumer		Total
	(In thousands)
Ending allowance balance attributable to loans:

Individually evaluated for impairment	$	3	$	-	$	-	$	44	$	1	$	-	$	-	$	48
Collectively evaluated for impairment		690		162		224		1,357		458		443		683		4,017
Acquired with deteriorated credit quality		-		-		-		-		-		-		-		-

Ending balance	$	693	$	162	$	224	$	1,401	$	459	$	443	$	683	$	4,065

	Residential							Commercial		Commercial			Home Equity &			Other
	Real Estate			Land		Construction		Real Estate		Business			2nd Mtg			Consumer			Total
	(In thousands)
Allowance for loan losses:
Changes in Allowance for Loan Losses for the three-months ended September 30, 2019
Beginning balance	$	754		$	170	$	316	$	1,452	$	596		$	472		$	849		$	4,609
Provisions for loan losses		56			1		35		30		(48	)		14			137			225
Charge-offs		(4	)		-		-		-		-			-			(156	)		(160	)
Recoveries		-			1		-		-		4			1			59			65

Ending balance	$	806		$	172	$	351	$	1,482	$	552		$	487		$	889		$	4,739


Changes in Allowance for Loan Losses for the nine-months ended September 30, 2019
Beginning balance	$	693		$	162	$	224	$	1,401	$	459		$	443		$	683		$	4,065
Provisions for loan losses		131			9		127		81		89			39			499			975
Charge-offs		(135	)		-		-		-		-			(2	)		(456	)		(593	)
Recoveries		117			1		-		-		4			7			163			292

Ending balance	$	806		$	172	$	351	$	1,482	$	552		$	487		$	889		$	4,739

	Residential								Commercial			Commercial			Home Equity &			Other
	Real Estate			Land		Construction			Real Estate			Business			2nd Mtg			Consumer			Total
	(In thousands)
Allowance for loan losses:
Changes in Allowance for Loan Losses for the three-months ended September 30, 2018
Beginning balance	$	688		$	148	$	216		$	1,306		$	417		$	607		$	485		$	3,867
Provisions for loan losses		71			13		1			8			55			89			218			455
Charge-offs		(5	)		0		0			0			(2	)		(8	)		(180	)		(195	)
Recoveries		1			0		0			3			0			3			45			52

Ending balance	$	755		$	161	$	217		$	1,317		$	470		$	691		$	568		$	4,179


Changes in Allowance for Loan Losses for the nine-months ended September 30, 2018
Beginning balance	$	219		$	133	$	245		$	1,622		$	291		$	710		$	414		$	3,634
Provisions for loan losses		608			28		(28	)		(340	)		181			(19	)		538			968
Charge-offs		(79	)		0		0			0			(3	)		(21	)		(514	)		(617	)
Recoveries		7			0		0			35			1			21			130			194

Ending balance	$	755		$	161	$	217		$	1,317		$	470		$	691		$	568		$	4,179

Impaired Financing Receivables [Table Text Block]

							Three Months Ended				Nine Months Ended
	At September 30, 2019						September 30, 2019				September 30, 2019
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Related		Recorded		Income		Recorded		Income
	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
	(In thousands)
Loans with no related allowance recorded:
Residential	$	1,907	$	2,019	$	-	$	1,882	$	6	$	2,032	$	12
Land		89		89		-		141		-		156		-
Construction		-		-		-		-		-		262		-
Commercial real estate		689		687		-		686		14		470		25
Commercial business		229		229		-		302		3		350		9
Home equity/2nd mortgage		-		-		-		14		-		22		-
Other consumer		49		48		-		27		-		13		-

		2,963		3,072		-		3,052		23		3,305		46

Loans with an allowance recorded:
Residential		81		80		16		47		-		61		-
Land		-		-		-		-		-		-		-
Construction		-		-		-		-		-		-		-
Commercial real estate		-		-		-		100		-		101		-
Commercial business		26		26		-		26		-		72		-
Home equity/2nd mortgage		37		37		14		19		-		16		-
Other consumer		-		-		-		-		-		-		-

		144		143		30		192		-		250		-

Total:
Residential		1,988		2,099		16		1,929		6		2,093		12
Land		89		89		-		141		-		156		-
Construction		-		-		-		-		-		262		-
Commercial real estate		689		687		-		786		14		571		25
Commercial business		255		255		-		328		3		422		9
Home equity/2nd mortgage		37		37		14		33		-		38		-
Other consumer		49		48		-		27		-		13		-

	$	3,107	$	3,215	$	30	$	3,244	$	23	$	3,555	$	46

	Three Months Ended				Nine Months Ended
	September 30, 2018				September 30, 2018
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized

Loans with no related allowance recorded:
Residential	$	2,144	$	7	$	2,377	$	19
Land		215		-		131		-
Construction		-		-		-		-
Commercial real estate		303		4		343		14
Commercial business		241		3		196		11
Home equity/2nd mortgage		56		-		62		1
Other consumer		8		-		6		1

		2,967		14		3,115		46

Loans with an allowance recorded:
Residential		255		-		250		-
Land		-		-		-		-
Construction		-		-		-		-
Commercial real estate		-		-		-		-
Commercial business		54		-		41		-
Home equity/2nd mortgage		-		-		7		-
Other consumer		-		-		-		-

		309		0		298		0

Total:
Residential		2,399		7		2,627		19
Land		215		-		131		-
Construction		-		-		-		-
Commercial real estate		303		4		343		14
Commercial business		295		3		237		11
Home equity/2nd mortgage		56		-		69		1
Other consumer		8		-		6		1

	$	3,276	$	14	$	3,413	$	46

			Unpaid
	Recorded		Principal		Related
	Investment		Balance		Allowance
	(In thousands)
Loans with no related allowance recorded:
Residential	$	2,170	$	2,409	$	-
Land		152		153		-
Construction		521		521		-
Commercial real estate		255		260		-
Commercial business		400		451		-
Home equity/2nd mortgage		35		44		-
Other consumer		-		-		-

		3,533		3,838		-

Loans with an allowance recorded:
Residential		14		15		3
Land		-		-		-
Construction		-		-		-
Commercial real estate		211		213		44
Commercial business		27		30		1
Home equity/2nd mortgage		-		-		-
Other consumer		-		-		-

		252		258		48

Total:
Residential		2,184		2,424		3
Land		152		153		-
Construction		521		521		-
Commercial real estate		466		473		44
Commercial business		427		481		1
Home equity/2nd mortgage		35		44		-
Other consumer		-		-		-

	$	3,785	$	4,096	$	48

Financing Receivable, Nonaccrual [Table Text Block]

	September 30, 2019						December 31, 2018
			Loans 90+ Days		Total				Loans 90+ Days		Total
	Nonaccrual		Past Due		Nonperforming		Nonaccrual		Past Due		Nonperforming
	Loans		Still Accruing		Loans		Loans		Still Accruing		Loans
	(In thousands)

Residential	$	1,593	$	14	$	1,607	$	1,769	$	-	$	1,769
Land		89		-		89		152		-		152
Construction		-		-		-		521		-		521
Commercial real estate		-		-		-		371		-		371
Commercial business		58		-		58		207		-		207
Home equity/2nd mortgage		37		-		37		35		-		35
Other consumer		48		1		49		-		2		2

Total	$	1,825	$	15	$	1,840	$	3,055	$	2	$	3,057

Financing Receivable, Past Due [Table Text Block]

											Purchased Credit
	30-59 Days		60-89 Days		90 Days or More		Total				Impaired		Total
	Past Due		Past Due		Past Due		Past Due		Current		Loans		Loans
	(In thousands)

Residential	$	1,984	$	721	$	1,161	$	3,866	$	139,236	$	283	$	143,385
Land		150		36		53		239		21,818		-		22,057
Construction		156		-		-		156		35,584		-		35,740
Commercial real estate		-		-		-		-		116,748		42		116,790
Commercial business		16		37		58		111		38,613		-		38,724
Home equity/2nd mortgage		448		83		37		568		53,115		-		53,683
Other consumer		351		29		1		381		63,224		-		63,605

Total	$	3,105	$	906	$	1,310	$	5,321	$	468,338	$	325	$	473,984

											Purchased
	30-59 Days		60-89 Days		90 Days or More		Total				Credit		Total
	Past Due		Past Due		Past Due		Past Due		Current		Impaired Loans		Loans
	(In thousands)

Residential	$	2,617	$	926	$	1,189	$	4,732	$	132,005	$	282	$	137,019
Land		247		39		152		438		22,306		-		22,744
Construction		-		-		-		-		25,442		-		25,442
Commercial real estate		450		-		-		450		107,174		48		107,672
Commercial business		377		-		145		522		35,895		-		36,417
Home equity/2nd mortgage		191		-		35		226		52,777		-		53,003
Other consumer		491		50		2		543		57,015		-		57,558

Total	$	4,373	$	1,015	$	1,523	$	6,911	$	432,614	$	330	$	439,855

Financing Receivable Credit Quality Indicators [Table Text Block]

	Residential						Commercial		Commercial		Home Equity &		Other
	Real Estate		Land		Construction		Real Estate		Business		2nd Mtg		Consumer		Total
	(In thousands)
September 30, 2019
Pass	$	140,354	$	21,524	$	35,390	$	114,510	$	37,853	$	53,512	$	63,492	$	466,635
Special Mention		47		330		350		1,050		523		-		65		2,365
Substandard		1,317		114		-		1,230		290		134		-		3,085
Doubtful		1,667		89		-		-		58		37		48		1,899
Loss		-		-		-		-		-		-		-		-

Total	$	143,385	$	22,057	$	35,740	$	116,790	$	38,724	$	53,683	$	63,605	$	473,984

December 31, 2018
Pass	$	133,878	$	22,458	$	24,921	$	104,843	$	35,162	$	52,859	$	57,529	$	431,650
Special Mention		133		65		-		1,520		763		-		29		2,510
Substandard		1,168		69		-		938		285		109		-		2,569
Doubtful		1,840		152		521		371		207		35		-		3,126
Loss		-		-		-		-		-		-		-		-

Total	$	137,019	$	22,744	$	25,442	$	107,672	$	36,417	$	53,003	$	57,558	$	439,855

Schedule of Troubled Debt Restructurings by Accrual Status [Table Text Block]



	September 30, 2019								December 31, 2018
							Related Allowance								Related Allowance
	Accruing		Nonaccrual		Total		for Loan Losses		Accruing		Nonaccrual		Total		for Loan Losses
	(In thousands)
Troubled debt restructurings:
Residential real estate	$	380	$	67	$	447	$	-	$	295	$	302	$	597	$	-
Commercial real estate		890		-		890		-		190		371		561		44
Commercial business		196		-		196		-		218		-		218		-

Total	$	1,466	$	67	$	1,533	$	-	$	703	$	673	$	1,376	$	44

Schedule of Purchased Credit Impaired Loans [Table Text Block]

	September 30,			December 31,
(In thousands)	2019			2018

Residential real estate	$	283		$	282
Commercial real estate		42			48
Carrying amount		325			330
Allowance for loan losses		(20	)		-
Carrying amount, net of allowance	$	305		$	330

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Table Text Block]

	Three Months Ended						Nine Months Ended
	9/30/2019			9/30/2018			9/30/2019			9/30/2018

Balance at beginning of period	$	390		$	443		$	423		$	470
New loans purchased		-			-			-			-
Accretion to income		(11	)		(13	)		(35	)		(42	)
Disposals and other adjustments		-			-			-			-
Reclassification (to) from nonaccretable difference		(4	)		2			(13	)		4

Balance at end of period	$	375		$	432		$	375		$	432

Financing Receivable [Member]

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	Residential							Commercial			Commercial		Home Equity &		Other
	Real Estate		Land		Construction			Real Estate			Business		2nd Mtg		Consumer		Total
	(In thousands)
Recorded Investment in Loans:
Principal loan balance	$	142,801	$	21,929	$	35,643		$	116,584		$	38,620	$	52,387	$	63,350	$	471,314

Accrued interest receivable		468		112		104			264			104		244		255		1,551

Net deferred loan origination fees and costs		116		16		(7	)		(58	)		-		1,052		-		1,119

Recorded investment in loans	$	143,385	$	22,057	$	35,740		$	116,790		$	38,724	$	53,683	$	63,605	$	473,984


Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	$	1,988	$	89	$	-		$	689		$	255	$	37	$	49	$	3,107
Collectively evaluated for impairment		141,114		21,968		35,740			116,059			38,469		53,646		63,556		470,552
Acquired with deteriorated credit quality		283		-		-			42			-		-		-		325

Ending balance	$	143,385	$	22,057	$	35,740		$	116,790		$	38,724	$	53,683	$	63,605	$	473,984

	Residential							Commercial			Commercial		Home Equity &		Other
	Real Estate		Land		Construction			Real Estate			Business		2nd Mtg		Consumer		Total
	(In thousands)
Recorded Investment in Loans:
Principal loan balance	$	136,445	$	22,607	$	25,375		$	107,445		$	36,297	$	51,731	$	57,330	$	437,230

Accrued interest receivable		475		119		76			265			120		247		228		1,530

Net deferred loan origination fees and costs		99		18		(9	)		(38	)		-		1,025		-		1,095

Recorded investment in loans	$	137,019	$	22,744	$	25,442		$	107,672		$	36,417	$	53,003	$	57,558	$	439,855


Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	$	2,184	$	152	$	521		$	466		$	427	$	35	$	-	$	3,785
Collectively evaluated for impairment		134,553		22,592		24,921			107,158			35,990		52,968		57,558		435,740
Acquired with deteriorated credit quality		282		-		-			48			-		-		-		330

Ending balance	$	137,019	$	22,744	$	25,442		$	107,672		$	36,417	$	53,003	$	57,558	$	439,855