XML 30 R20.htm IDEA: XBRL DOCUMENT v3.23.1
Note 4 - Loans and Allowance for Loan Losses (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

March 31,

  

December 31,

 

(In thousands)

 

2023

  

2022

 
      

(As reclassified)

 
         

1-4 Family Residential Mortgage

 $122,675  $116,269 

Home Equity and Second Mortgage

  57,130   57,872 

Multifamily Residential

  39,656   38,973 

1-4 Family Residential Construction

  19,071   16,575 

Other Construction, Development and Land

  49,901   47,632 

Commercial Real Estate

  161,968   161,362 

Commercial Business

  67,228   68,066 

Other Consumer

  54,053   56,768 

Principal loan balance

  571,682   563,517 
         

Deferred loan origination fees and costs, net

  1,217   1,213 

Allowance for credit losses

  (7,323)  (6,772)
         

Loans, net

 $565,576  $557,958 
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]
                  

Other

                 
  

1-4 Family

  

Home Equity

      

1-4 Family

  

Construction,

                 
  

Residential

  

and Second

  

Multifamily

  

Residential

  

Development

  

Commercial

  

Commercial

  

Other

     
  

Mortgage

  

Mortgage

  

Residential

  

Construction

  

and Land

  

Real Estate

  

Business

  

Consumer

  

Total

 
  

(In thousands)

 

ACL on Loans:

                                    
                                     

Beginning balance, prior to adoption of ASC 326

 $1,036  $531  $346  $206  $587  $2,029  $1,156  $881  $6,772 

Impact of adopting ASC 326

  423   (26)  (3)  (9)  13   (130)  (142)  435   561 

Provision for credit losses

  (43)  (139)  38   (10)  (111)  291   220   (53)  193 

Charge-offs

  (2)  -   -   -   -   -   (155)  (118)  (275)

Recoveries

  -   -   -   -   -   -   5   67   72 
                                     

Ending balance

 $1,414  $366  $381  $187  $489  $2,190  $1,084  $1,212  $7,323 
                      

Home Equity

         
  

Residential

          

Commercial

  

Commercial

  

and Second

  

Other

     
  

Real Estate

  

Land

  

Construction

  

Real Estate

  

Business

  

Mortgage

  

Consumer

  

Total

 
  

(In thousands)

 

Ending allowance balance attributable to loans:

                         
                                 

Individually evaluated for impairment

 $1  $-  $-  $-  $-  $5  $-  $6 

Collectively evaluated for impairment

  1,196   235   387   1,927   994   512   957   6,208 

Acquired with deteriorated credit quality

  31   -   -   -   -   -   -   31 
                                 

Ending balance

 $1,228  $235  $387  $1,927  $994  $517  $957  $6,245 
                      

Home Equity

         
  

Residential

          

Commercial

  

Commercial

  

and Second

  

Other

     
  

Real Estate

  

Land

  

Construction

  

Real Estate

  

Business

  

Mortgage

  

Consumer

  

Total

 
  

(In thousands)

 

Ending allowance balance attributable to loans:

                         
                                 

Individually evaluated for impairment

 $-  $-  $-  $-  $155  $-  $-  $155 

Collectively evaluated for impairment

  1,383   265   526   2,031   891   530   991   6,617 

Acquired with deteriorated credit quality

  -   -   -   -   -   -   -   - 
                                 

Ending balance

 $1,383  $265  $526  $2,031  $1,046  $530  $991  $6,772 
                      

Home Equity

         
  

Residential

          

Commercial

  

Commercial

  

and Second

  

Other

     
  

Real Estate

  

Land

  

Construction

  

Real Estate

  

Business

  

Mortgage

  

Consumer

  

Total

 
  

(In thousands)

 

Allowance for loan losses:

                                
                                 

Beginning balance

 $1,174  $234  $403  $1,884  $873  $527  $988  $6,083 

Provisions for loan losses

  49   1   (16)  43   121   (10)  (13)  175 

Charge-offs

  -   -   -   -   -   -   (74)  (74)

Recoveries

  5   -   -   -   -   -   56   61 
                                 

Ending balance

 $1,228  $235  $387  $1,927  $994  $517  $957  $6,245 
Financing Receivable, Collateral Dependent Loans [Table Text Block]
  

Real

          

ACL

 
  

Estate

  

Other

  

Total

  

Allocation

 
                 

1-4 Family Residential Mortgage

 $1,062  $-  $1,062  $12 

Home Equity and Second Mortgage

  344   -   344   2 

Multifamily Residential

  -   -   -   - 

1-4 Family Residential Construction

  -   -   -   - 

Other Construction, Development and Land

  52   -   52   - 

Commercial Real Estate

  1,128   -   1,128   - 

Commercial Business

  -   162   162   - 

Other Consumer

  -   -   -   - 
  $2,586  $162  $2,748  $14 
Financing Receivable, Nonaccrual [Table Text Block]
          

Loans 90+ Days

  

Total

 
  

Nonaccrual Loans

  

Total

  

Past Due

  

Nonperforming

 
  

with No ACL (1)

  

Nonaccrual

  

Still Accruing

  

Loans

 
  

(In thousands)

 
                 

1-4 Family Residential Mortgage

 $766  $804  $-  $804 

Home Equity and Second Mortgage

  274   344   -   344 

Multifamily Residential

  -   -   -   - 

1-4 Family Residential Construction

  -   -   -   - 

Other Construction, Development and Land

  52   52   -   52 

Commercial Real Estate

  33   33   -   33 

Commercial Business

  -   27   -   27 

Other Consumer

  -   -   -   - 
                 

Total

 $1,125  $1,260  $-  $1,260 
  

December 31, 2022

 
      

Loans 90+ Days

  

Total

 
  

Nonaccrual

  

Past Due

  

Nonperforming

 
  

Loans

  

Still Accruing

  

Loans

 
  

(In thousands)

 
             

Residential

 $744  $83  $827 

Land

  51   -   51 

Construction

  -   -   - 

Commercial real estate

  81   -   81 

Commercial business

  155   -   155 

Home equity and second mortgage

  372   -   372 

Other consumer

  -   4   4 
             

Total

 $1,403  $87  $1,490 
Financing Receivable, Past Due [Table Text Block]
  

30-59 Days

  

60-89 Days

  

90 Days or More

  

Total

      

Total

 
  

Past Due

  

Past Due

  

Past Due

  

Past Due

  

Current

  

Loans

 
  

(In thousands)

 
                         

1-4 Family Residential Mortgage

 $2,114  $-  $384  $2,498  $120,304  $122,802 

Home Equity and Second Mortgage

  638   -   70   708   57,632   58,340 

Multifamily Residential

  -   -   -   -   39,642   39,642 

1-4 Family Residential Construction

  -   -   -   -   19,071   19,071 

Other Construction, Development and Land

  50   -   52   102   49,796   49,898 

Commercial Real Estate

  58   -   -   58   161,819   161,877 

Commercial Business

  14   200   -   214   67,002   67,216 

Other Consumer

  213   48   -   261   53,792   54,053 
                         

Total

 $3,087  $248  $506  $3,841  $569,058  $572,899 
                      

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

 $2,229  $226  $543  $2,998  $152,654  $286  $155,938 

Land

  119   -   51   170   21,827   -   21,997 

Construction

  -   -   -   -   42,364   -   42,364 

Commercial real estate

  -   -   -   -   161,675   -   161,675 

Commercial business

  -   -   155   155   60,821   -   60,976 

Home equity and second mortgage

  206   278   93   577   58,756   -   59,333 

Other consumer

  211   72   4   287   63,978   -   64,265 
                             

Total

 $2,765  $576  $846  $4,187  $562,075  $286  $566,548 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 
  

(In thousands)

 

1-4 Family Residential Mortgage

                                

Pass

 $9,390  $34,819  $30,244  $7,916  $10,734  $28,638  $-  $121,741 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   257   -   257 

Doubtful

  -   19   175   -   -   610   -   804 
  $9,390  $34,838  $30,419  $7,916  $10,734  $29,505  $-  $122,802 
                                 

Current period gross write-offs

 $-  $-  $2  $-  $-  $-  $-  $2 
                                 

Home Equity and Second Mortgage

                                

Pass

 $751  $5,111  $593  $273  $255  $518  $50,495  $57,996 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   274   -   70   344 
  $751  $5,111  $593  $273  $529  $518  $50,565  $58,340 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 
  

(In thousands)

 

Multifamily Residential

                                

Pass

 $1,557  $10,726  $9,940  $8,134  $4,469  $4,816  $-  $39,642 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 
  $1,557  $10,726  $9,940  $8,134  $4,469  $4,816  $-  $39,642 
                                 

Current period gross write-offs

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

1-4 Family Residential Construction

                                

Pass

 $2,306  $12,362  $3,082  $-  $-  $1,321  $-  $19,071 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 
  $2,306  $12,362  $3,082  $-  $-  $1,321  $-  $19,071 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 
  

(In thousands)

 

Other Construction, Development and Land

                                

Pass

 $3,580  $26,348  $11,714  $2,954  $1,325  $3,875  $-  $49,796 

Special Mention

  -   -   -   -   -   50   -   50 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   52   -   52 
  $3,580  $26,348  $11,714  $2,954  $1,325  $3,977  $-  $49,898 
                                 

Current period gross write-offs

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

Commercial Real Estate

                                

Pass

 $3,272  $40,200  $27,946  $22,097  $19,413  $44,777  $2,294  $159,999 

Special Mention

  -   -   -   179   427   65   79   750 

Substandard

  -   -   -   237   -   858   -   1,095 

Doubtful

  -   -   -   -   -   33   -   33 
  $3,272  $40,200  $27,946  $22,513  $19,840  $45,733  $2,373  $161,877 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 
  

(In thousands)

 

Commercial Business

                                

Pass

 $5,459  $17,812  $13,160  $6,586  $6,735  $4,340  $12,672  $66,764 

Special Mention

  -   31   22   -   168   4   38   263 

Substandard

  -   -   -   -   48   -   114   162 

Doubtful

  -   -   -   27   -   -   -   27 
  $5,459  $17,843  $13,182  $6,613  $6,951  $4,344  $12,824  $67,216 
                                 

Current period gross write-offs

 $-  $155  $-  $-  $-  $-  $-  $155 
                                 

Other Consumer

                                

Pass

 $6,502  $20,535  $11,963  $4,649  $2,136  $6,146  $2,068  $53,999 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   54   54 

Doubtful

  -   -   -   -   -   -   -   - 
  $6,502  $20,535  $11,963  $4,649  $2,136  $6,146  $2,122  $54,053 
                                 

Current period gross write-offs

 $-  $18  $23  $10  $6  $32  $29  $118 
                                 

Total Loans

                                

Pass

 $32,817  $167,913  $108,642  $52,609  $45,067  $94,431  $67,529  $569,008 

Special Mention

  -   31   22   179   595   119   117   1,063 

Substandard

  -   -   -   237   48   1,115   168   1,568 

Doubtful

  -   19   175   27   274   695   70   1,260 
  $32,817  $167,963  $108,839  $53,052  $45,984  $96,360  $67,884  $572,899 
                                 

Current period gross write-offs

 $-  $173  $25  $10  $6  $32  $29  $275 
                      

Home Equity

         
  

Residential

          

Commercial

  

Commercial

  

and Second

  

Other

     
  

Real Estate

  

Land

  

Construction

  

Real Estate

  

Business

  

Mortgage

  

Consumer

  

Total

 
  

(In thousands)

 
                                 

Pass

 $154,429  $21,827  $42,364  $159,842  $60,261  $58,937  $64,149  $561,809 

Special Mention

  -   60   -   679   388   -   116   1,243 

Substandard

  765   59   -   1,073   172   24   -   2,093 

Doubtful

  744   51   -   81   155   372   -   1,403 

Loss

  -   -   -   -   -   -   -   - 
                                 

Total

 $155,938  $21,997  $42,364  $161,675  $60,976  $59,333  $64,265  $566,548 
Impaired Financing Receivables [Table Text Block]
  

At March 31, 2022

  

Three Months Ended March 31, 2022

 
      

Unpaid

      

Average

  

Interest

 
  

Recorded

  

Principal

  

Related

  

Recorded

  

Income

 
  

Investment

  

Balance

  

Allowance

  

Investment

  

Recognized

 
  

(In thousands)

 

Loans with no related allowance recorded:

                 

Residential

 $796  $926  $-  $915  $5 

Land

  102   104   -   102   - 

Construction

  -   -   -   -   - 

Commercial real estate

  599   616   -   651   6 

Commercial business

  167   166   -   171   2 

Home equity and second mortgage

  -   -   -   8   - 

Other consumer

  -   -   -   -   - 
   1,664   1,812   -   1,847   13 

Loans with an allowance recorded:

                    

Residential

  28   28   1   14   - 

Land

  -   -   -   -   - 

Construction

  -   -   -   -   - 

Commercial real estate

  -   -   -   -   - 

Commercial business

  -   -   -   -   - 

Home equity and second mortgage

  287   297   5   288   - 

Other consumer

  -   -   -   -   - 
   315   325   6   302   - 

Total:

                    

Residential

  824   954   1   929   5 

Land

  102   104   -   102   - 

Construction

  -   -   -   -   - 

Commercial real estate

  599   616   -   651   6 

Commercial business

  167   166   -   171   2 

Home equity and second mortgage

  287   297   5   296   - 

Other consumer

  -   -   -   -   - 
  $1,979  $2,137  $6  $2,149  $13 
      

Unpaid

     
  

Recorded

  

Principal

  

Related

 
  

Investment

  

Balance

  

Allowance

 
  

(In thousands)

 

Loans with no related allowance recorded:

         

Residential

 $854  $996  $- 

Land

  51   51   - 

Construction

  -   -   - 

Commercial real estate

  463   484   - 

Commercial business

  40   40   - 

Home equity and second mortgage

  372   389   - 

Other consumer

  -   -   - 
             
  $1,780  $1,960  $- 
             

Loans with an allowance recorded:

            

Residential

 $-  $-  $- 

Land

  -   -   - 

Construction

  -   -   - 

Commercial real estate

  -   -   - 

Commercial business

  155   155   155 

Home equity and second mortgage

  -   -   - 

Other consumer

  -   -   - 
             
  $155  $155  $155 
             

Total:

            

Residential

 $854  $996  $- 

Land

  51   51   - 

Construction

  -   -   - 

Commercial real estate

  463   484   - 

Commercial business

  195   195   155 

Home equity and second mortgage

  372   389   - 

Other consumer

  -   -   - 
             
  $1,935  $2,115  $155 
Financing Receivable [Member]  
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
                  

Other

                 
  

1-4 Family

  

Home Equity

      

1-4 Family

  

Construction,

                 
  

Residential

  

and Second

  

Multifamily

  

Residential

  

Development

  

Commercial

  

Commercial

  

Other

     
  

Mortgage

  

Mortgage

  

Residential

  

Construction

  

and Land

  

Real Estate

  

Business

  

Consumer

  

Total

 
  

(In thousands)

 

Amortized Cost Basis in Loans:

                                 

Principal loan balance

 $122,675  $57,130  $39,656  $19,071  $49,901  $161,968  $67,228  $54,053  $571,682 
                                     

Net deferred loan origination fees and costs

  127   1,210   (14)  -   (3)  (91)  (12)  -   1,217 
                                     

Amortized cost basis in loans

 $122,802  $58,340  $39,642  $19,071  $49,898  $161,877  $67,216  $54,053  $572,899 
                      

Home Equity

         
  

Residential

          

Commercial

  

Commercial

  

and Second

  

Other

     
  

Real Estate

  

Land

  

Construction

  

Real Estate

  

Business

  

Mortgage

  

Consumer

  

Total

 
  

(In thousands)

 

Recorded Investment in Loans:

                                

Principal loan balance

 $137,762  $19,489  $31,702  $148,492  $58,031  $55,893  $59,670  $511,039 
                                 

Accrued interest receivable

  468   103   74   300   163   166   199   1,473 
                                 

Net deferred loan origination fees and costs

  99   13   (11)  (72)  (21)  1,148   -   1,156 
                                 

Recorded investment in loans

 $138,329  $19,605  $31,765  $148,720  $58,173  $57,207  $59,869  $513,668 
                                 
                                 

Recorded Investment in Loans as Evaluated for Impairment:

                     

Individually evaluated for impairment

 $824  $102  $-  $599  $167  $287  $-  $1,979 

Collectively evaluated for impairment

  137,236   19,503   31,765   148,113   58,006   56,920   59,869   511,412 

Acquired with deteriorated credit quality

  269   -   -   8   -   -   -   277 
                                 

Ending balance

 $138,329  $19,605  $31,765  $148,720  $58,173  $57,207  $59,869  $513,668 
                      

Home Equity

         
  

Residential

          

Commercial

  

Commercial

  

and Second

  

Other

     
  

Real Estate

  

Land

  

Construction

  

Real Estate

  

Business

  

Mortgage

  

Consumer

  

Total

 
  

(In thousands)

 

Recorded Investment in Loans:

                                

Principal loan balance

 $155,334  $21,860  $42,271  $161,425  $60,817  $57,781  $64,029  $563,517 
                                 

Accrued interest receivable

  493   123   105   343   170   348   236   1,818 
                                 

Net deferred loan origination fees and costs

  111   14   (12)  (93)  (11)  1,204   -   1,213 
                                 

Recorded investment in loans

 $155,938  $21,997  $42,364  $161,675  $60,976  $59,333  $64,265  $566,548 
                                 
                                 

Recorded Investment in Loans as Evaluated for Impairment:

                     

Individually evaluated for impairment

 $854  $51  $-  $463  $195  $372  $-  $1,935 

Collectively evaluated for impairment

  154,798   21,946   42,364   161,212   60,781   58,961   64,265   564,327 

Acquired with deteriorated credit quality

  286   -   -   -   -   -   -   286 
                                 

Ending balance

 $155,938  $21,997  $42,364  $161,675  $60,976  $59,333  $64,265  $566,548