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Note 4 - Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2019

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

Loans at December 31, 2019 and 2018 consisted of the following:

(In thousands)	2019			2018

Real estate mortgage loans:
Residential	$	131,959		$	136,445
Land		19,185			22,607
Residential construction		35,554			31,459
Commercial real estate		121,563			107,445
Commercial real estate construction		20,086			20,591
Commercial business loans		45,307			36,297
Consumer loans:
Home equity and second mortgage loans		54,677			51,731
Automobile loans		46,443			42,124
Loans secured by deposits		1,372			1,399
Unsecured loans		3,653			3,638
Other consumer loans		13,700			10,169
Gross loans		493,499			463,905
Less undisbursed portion of loans in process		(23,081	)		(26,675	)

Principal loan balance		470,418			437,230

Deferred loan origination fees and costs, net		1,137			1,095
Allowance for loan losses		(5,061	)		(4,065	)

Loans, net	$	466,494		$	434,260

(In thousands)	2019			2018

Beginning balance	$	7,867		$	7,639
Adjustments due to officer and director changes		-			(205	)
New loans		5,271			1,971
Payments		(3,618	)		(1,538	)

Ending balance	$	9,520		$	7,867

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

	Residential Real Estate			Land		Construction		Commercial Real Estate		Commercial Business		Home Equity and Second Mortgage			Other Consumer			Total
	(In thousands)
Allowance for Loan Losses:
Beginning balance	$	693		$	162	$	224	$	1,401	$	459	$	443		$	683		$	4,065
Provisions		251			-		126		222		132		77			617			1,425
Charge-offs		(194	)		-		-		-		-		(24	)		(548	)		(766	)
Recoveries		117			1		-		-		4		19			196			337

Ending balance	$	867		$	163	$	350	$	1,623	$	595	$	515		$	948		$	5,061

Ending allowance balance attributable to loans:

Individually evaluated for impairment	$	16		$	-	$	-	$	-	$	-	$	-		$	-		$	16
Collectively evaluated for impairment		839			163		350		1,623		595		515			948			5,033
Acquired with deteriorated credit quality		12			-		-		-		-		-			-			12

Ending balance	$	867		$	163	$	350	$	1,623	$	595	$	515		$	948		$	5,061

Recorded Investment in Loans:

Individually evaluated for impairment	$	1,926		$	115	$	-	$	353	$	249	$	56		$	48		$	2,747
Collectively evaluated for impairment		130,328			19,199		32,644		121,421		45,200		55,932			65,392			470,116
Acquired with deteriorated credit quality		285			-		-		39		-		-			-			324

Ending balance	$	132,539		$	19,314	$	32,644	$	121,813	$	45,449	$	55,988		$	65,440		$	473,187

	Residential Real Estate			Land		Construction			Commercial Real Estate			Commercial Business			Home Equity and Second Mortgage			Other Consumer			Total
(In thousands)
Allowance for Loan Losses:
Beginning balance	$	219		$	133	$	245		$	1,622		$	291		$	710		$	414		$	3,634
Provisions		723			29		(21	)		(296	)		218			(278	)		793			1,168
Charge-offs		(258	)		-		-			-			(51	)		(21	)		(697	)		(1,027	)
Recoveries		9			-		-			75			1			32			173			290

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

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

Recorded Investment in Loans:
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

	Residential Real Estate			Land		Construction		Commercial Real Estate			Commercial Business			Home Equity and Second Mortgage			Other Consumer			Total
(In thousands)
Allowance for Loan Losses:
Beginning balance	$	380		$	56	$	80	$	1,670		$	198		$	683		$	319		$	3,386
Provisions		(120	)		77		165		(124	)		226			28			663			915
Charge-offs		(74	)		-		-		(3	)		(140	)		(6	)		(713	)		(936	)
Recoveries		33			-		-		79			7			5			145			269

Ending balance	$	219		$	133	$	245	$	1,622		$	291		$	710		$	414		$	3,634

Impaired Financing Receivables [Table Text Block]

	Unpaid		Average		Interest
	Recorded		Principal		Related		Recorded		Income
	Investment		Balance		Allowance		Investment		Recognized
	(In thousands)

Loans with no related allowance recorded:
Residential real estate	$	1,737	$	1,986	$	-	$	1,973	$	17
Land		115		117		-		147		-
Construction		-		-		-		209		-
Commercial real estate		353		352		1		446		33
Commercial business		249		257		-		330		11
Home equity and second mortgage		56		56		-		29		1
Other consumer		48		50		-		20		-

	$	2,558	$	2,818	$	-	$	3,154	$	62

Loans with an allowance recorded:
Residential real estate	$	189	$	211	$	16	$	87	$	-
Land		-		-		-		-		-
Construction		-		-		-		-		-
Commercial real estate		-		-		-		81		-
Commercial business		-		-		-		58		-
Home equity and second mortgage		-		-		-		13		-
Other consumer		-		-		-		-		-

	$	189	$	211	$	16	$	239	$	-

Total:
Residential real estate	$	1,926	$	2,197	$	16	$	2,060	$	17
Land		115		117		-		147		-
Construction		-		-		-		209		-
Commercial real estate		353		352		-		527		33
Commercial business		249		257		-		388		11
Home equity and second mortgage		56		56		-		42		1
Other consumer		48		50		-		20		-

	$	2,747	$	3,029	$	16	$	3,393	$	62

	Unpaid		Average		Interest
	Recorded		Principal		Related		Recorded		Income
	Investment		Balance		Allowance		Investment		Recognized
	(In thousands)

Loans with no related allowance recorded:
Residential real estate	$	2,170	$	2,409	$	-	$	2,335	$	23
Land		152		153		-		135		-
Construction		521		521		-		104		-
Commercial real estate		255		260		-		325		16
Commercial business		400		451		-		237		14
Home equity and second mortgage		35		44		-		57		1
Other consumer		-		-		-		5		1

	$	3,533	$	3,838	$	-	$	3,198	$	55

Loans with an allowance recorded:
Residential real estate	$	14	$	15	$	3	$	203	$	-
Land		-		-		-		-		-
Construction		-		-		-		-		-
Commercial real estate		211		213		44		42		-
Commercial business		27		30		1		38		-
Home equity and second mortgage		-		-		-		5		-
Other consumer		-		-		--		-

	$	252	$	258	$	48	$	288	$	-

Total:
Residential real estate	$	2,184	$	2,424	$	3	$	2,538	$	23
Land		152		153		-		135		-
Construction		521		521		-		104		-
Commercial real estate		466		473		44		367		16
Commercial business		427		481		1		275		14
Home equity and second mortgage		35		44		-		62		1
Other consumer		-		-		-		5		1

	$	3,785	$	4,096	$	48	$	3,486	$	55

	Average		Interest
	Recorded		Income
	Investment		Recognized
	(In thousands)

Loans with no related allowance recorded:
Residential real estate	$	2,437	$	28
Land		-		2
Construction		-		-
Commercial real estate		686		16
Commercial business		57		1
Home equity and second mortgage		194		1
Other consumer		4		-

	$	3,378	$	48

Loans with an allowance recorded:
Residential real estate	$	140	$	-
Land		-		-
Construction		-		-
Commercial real estate		-		-
Commercial business		40		-
Home equity and second mortgage		20		-
Other consumer		14		-

	$	214	$	-

Total:
Residential real estate	$	2,577	$	28
Land		-		2
Construction		-		-
Commercial real estate		686		16
Commercial business		97		1
Home equity and second mortgage		214		1
Other consumer		18		-

	$	3,592	$	48

Financing Receivable, Nonaccrual [Table Text Block]

	December 31, 2019						December 31, 2018
	Nonaccrual Loans		Loans 90+ Days Past Due Still Accruing		Total Nonperforming Loans		Nonaccrual Loans		Loans 90+ Days Past Due Still Accruing		Total Nonperforming Loans
(In thousands)
Residential real estate	$	1,544	$	13	$	1,557	$	1,769	$	-	$	1,769
Land		115		-		115		152		-		152
Construction		-		-		-		521		-		521
Commercial real estate		-		-		-		371		-		371
Commercial business		58		-		58		207		-		207
Home equity and second mortgage		-		-		-		35		-		35
Other consumer		48		-		48		-		2		2
Total	$	1,765	$	13	$	1,778	$	3,055	$	2	$	3,057

Financing Receivable, Past Due [Table Text Block]

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

Residential real estate	$	2,572	$	824	$	1,010	$	4,406	$	127,848	$	285	$	132,539
Land		185		101		80		366		18,948		-		19,314
Construction		-		-		-		-		32,644		-		32,644
Commercial real estate		-		146		-		146		121,628		39		121,813
Commercial business		61		-		58		119		45,330		-		45,449
Home equity and second mortgage		395		256		-		651		55,337		-		55,988
Other consumer		504		66		-		570		64,870		-		65,440

Total	$	3,717	$	1,393	$	1,148	$	6,258	$	466,605	$	324	$	473,187

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

Residential real estate	$	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 and second 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 Real Estate		Land		Construction		Commercial Real Estate		Commercial Business		Home Equity and Second Mortgage		Other Consumer		Total
(In thousands)
December 31, 2019:
Pass	$	129,613	$	18,805	$	32,394	$	119,469	$	44,879	$	55,569	$	65,320	$	466,049
Special mention		46		327		250		1,136		378		-		72		2,209
Substandard		1,336		67		-		1,208		134		419		-		3,164
Doubtful/Nonaccrual		1,544		115		-		-		58		-		48		1,765
Loss		-		-		-		-		-		-		-		-

Total	$	132,539	$	19,314	$	32,644	$	121,813	$	45,449	$	55,988	$	65,440	$	473,187

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/Nonaccrual		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]

	December 31, 2019								December 31, 2018
	Accruing		Nonaccrual		Total		Related Allowance for Loan Losses		Accruing		Nonaccrual		Total		Related Allowance for Loan Losses
	(In thousands)

Residential real estate	$	367	$	66	$	433	$	-	$	295	$	302	$	597	$	-
Commercial real estate		553		-		553		-		190		371		561		44
Commercial business		191		-		191		-		218		-		218		-
Home equity and second mortgage		55		-		55		-		-		-		-		-

Total	$	1,166	$	66	$	1,232	$	-	$	703	$	673	$	1,376	$	44

Schedule of Purchased Credit Impaired Loans [Table Text Block]

(In thousands)	2019		2018

Residential real estate	$	285	$	282
Commercial real estate		39		48
Carrying amount		324		330
Allowance for loan losses		12		-

	$	312	$	330

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

(In thousands)	2019			2018			2017

Beginning balance	$	423		$	470		$	252
New loans acquired		-			-			-
Accretion to income		(46	)		(54	)		(55	)
Disposals and other adjustments		-			(32	)		(21	)
Reclassification from nonaccretable difference		26			42			294

Ending balance	$	403		$	423		$	470

Financing Receivable [Member]

Notes Tables

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

	Residential Real Estate		Land		Construction			Commercial Real Estate			Commercial Business		Home Equity and Second Mortgage		Other Consumer		Total
	(In thousands)
December 31, 2019:
Principal loan balance	$	131,959	$	19,185	$	32,559		$	121,563		$	45,307	$	54,677	$	65,168	$	470,418

Accrued interest receivable		462		114		86			312			142		244		272		1,632

Net deferred loan origination fees and costs		118		15		(1	)		(62	)		-		1,067		-		1,137

Recorded investment in loans	$	132,539	$	19,314	$	32,644		$	121,813		$	45,449	$	55,988	$	65,440	$	473,187


December 31, 2018:
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