XML 57 R40.htm IDEA: XBRL DOCUMENT v3.24.1
Note 4 - Loans and Allowance for Credit Losses (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

December 31,

  

December 31,

 

(In thousands)

 

2023

  

2022

 
      

(As reclassified)

 
         

1-4 Family Residential Mortgage

 $133,480  $116,269 

Home Equity and Second Mortgage

  62,070   57,872 

Multifamily Residential

  39,963   38,973 

1-4 Family Residential Construction

  15,667   16,575 

Other Construction, Development and Land

  76,713   47,632 

Commercial Real Estate

  168,757   161,362 

Commercial Business

  68,223   68,066 

Consumer and Other

  56,373   56,768 

Principal loan balance

  621,246   563,517 
         

Deferred loan origination fees and costs, net

  1,168   1,213 

Allowance for credit losses

  (8,005)  (6,772)
         

Loans, net

 $614,409  $557,958 
Schedule of Related Party Transactions [Table Text Block]

(In thousands)

 

2023

  

2022

 
         

Beginning balance

 $6,279  $7,233 

Adjustments due to officer and director changes

  (14)  (711)

New loans

  837   1,189 

Payments

  (1,225)  (1,432)
         

Ending balance

 $5,877  $6,279 
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

  

Consumer

     
  

Mortgage

  

Mortgage

  

Residential

  

Construction

  

and Land

  

Real Estate

  

Business

  

and Other

  

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

  41   (86)  (11)  11   204   220   613   149   1,141 

Charge-offs

  (31)  (15)  -   -   -   -   (205)  (430)  (681)

Recoveries

  21   2   -   -   -   -   9   180   212 
                                     

Ending balance

 $1,490  $406  $332  $208  $804  $2,119  $1,431  $1,215  $8,005 
                      

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

  247   31   123   147   173   1   228   950 

Charge-offs

  (48)  -   -   -   (9)  -   (448)  (505)

Recoveries

  10   -   -   -   9   2   223   244 
                                 

Ending balance

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

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 
                                 

Recorded Investment in Loans:

                                
                                 

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 
                      

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

 $1,239  $209  $292  $2,358  $843  $617  $1,067  $6,625 

Provisions

  (35)  34   111   (474)  20   (88)  107   (325)

Charge-offs

  (35)  (9)  -   -   -   (10)  (400)  (454)

Recoveries

  5   -   -   -   10   8   214   237 
                                 

Ending balance

 $1,174  $234  $403  $1,884  $873  $527  $988  $6,083 
Financing Receivable, Collateral Dependent Loans [Table Text Block]
  

Real

          

ACL

 
  

Estate

  

Other

  

Total

  

Allocation

 
  

(In thousands)

 
                 

1-4 Family Residential Mortgage

 $1,651  $-  $1,651  $9 

Home Equity and Second Mortgage

  548   -   548   - 

Multifamily Residential

  -   -   -   - 

1-4 Family Residential Construction

  87   -   87   60 

Other Construction, Development and Land

  54   -   54   - 

Commercial Real Estate

  1,055   -   1,055   - 

Commercial Business

  -   38   38   - 

Consumer and Other

  -   -   -   - 
  $3,395  $38  $3,433  $69 
Financing Receivable, Nonaccrual [Table Text Block]
              

Loans 90+ Days

  

Total

 
  

Nonaccrual Loans

  

Nonaccrual Loans

  

Total

  

Past Due

  

Nonperforming

 
  

with No ACL

  

with An ACL

  

Nonaccrual

  

Still Accruing

  

Loans

 
  

(In thousands)

 
                     

1-4 Family Residential Mortgage

 $1,120  $36  $1,156  $-  $1,156 

Home Equity and Second Mortgage

  454   -   454   -   454 

Multifamily Residential

  -   -   -   -   - 

1-4 Family Residential Construction

  -   87   87   -   87 

Other Construction, Development and Land

  54   -   54   -   54 

Commercial Real Estate

  -   -   -   -   - 

Commercial Business

  -   -   -   -   - 

Consumer and Other

  -   -   -   -   - 
                     

Total

 $1,628  $123  $1,751  $-  $1,751 
      

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

 $2,104  $335  $482  $2,921  $130,680  $133,601 

Home Equity and Second Mortgage

  396   70   -   466   62,835   63,301 

Multifamily Residential

  -   -   -   -   39,946   39,946 

1-4 Family Residential Construction

  -   -   -   -   15,667   15,667 

Other Construction, Development and Land

  162   -   54   216   76,453   76,669 

Commercial Real Estate

  834   -   -   834   167,811   168,645 

Commercial Business

  -   -   -   -   68,212   68,212 

Consumer and Other

  302   51   -   353   56,020   56,373 
                         

Total

 $3,798  $456  $536  $4,790  $617,624  $622,414 
                      

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

 $34,344  $31,551  $25,846  $6,913  $9,525  $23,628  $-  $131,807 

Special Mention

  -   -   -   -   -   144   -   144 

Substandard

  -   -   -   75   265   155   -   495 

Doubtful

  -   48   192   78   -   837   -   1,155 
  $34,344  $31,599  $26,038  $7,066  $9,790  $24,764  $-  $133,601 
                                 

Current period gross write-offs

 $-  $-  $2  $-  $-  $29  $-  $31 
                                 

Home Equity and Second Mortgage

                                

Pass

 $5,267  $4,380  $529  $232  $163  $327  $51,794  $62,692 

Special Mention

  -   -   -   -   -   -   61   61 

Substandard

  -   -   -   -   -   -   94   94 

Doubtful

  -   -   -   -   264   190   -   454 
  $5,267  $4,380  $529  $232  $427  $517  $51,949  $63,301 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $15  $15 
                                 

Multifamily Residential

                                

Pass

 $3,374  $10,495  $9,534  $7,943  $4,137  $4,463  $-  $39,946 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 
  $3,374  $10,495  $9,534  $7,943  $4,137  $4,463  $-  $39,946 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 
  

(In thousands)

 

1-4 Family Residential Construction

                                

Pass

 $9,193  $4,180  $831  $1,119  $-  $257  $-  $15,580 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   87   -   -   -   -   87 
  $9,193  $4,180  $918  $1,119  $-  $257  $-  $15,667 
                                 

Current period gross write-offs

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

Other Construction, Development and Land

                                

Pass

 $26,717  $35,673  $7,495  $2,655  $1,231  $2,795  $-  $76,566 

Special Mention

  -   -   -   -   -   49   -   49 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   54   -   54 
  $26,717  $35,673  $7,495  $2,655  $1,231  $2,898  $-  $76,669 
                                 

Current period gross write-offs

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

Commercial Real Estate

                                

Pass

 $14,818  $40,675  $29,656  $19,589  $18,231  $38,818  $1,755  $163,542 

Special Mention

  823   -   573   1,622   417   62   550   4,047 

Substandard

  -   -   -   231   -   825   -   1,056 

Doubtful

  -   -   -   -   -   -   -   - 
  $15,641  $40,675  $30,229  $21,442  $18,648  $39,705  $2,305  $168,645 
                                 

Current period gross write-offs

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

Commercial Business

                                

Pass

 $14,717  $12,603  $11,049  $5,706  $5,312  $3,646  $12,384  $65,417 

Special Mention

  208   2,097   106   48   160      138   2,757 

Substandard

  -   -   -   -   38   -   -   38 

Doubtful

  -   -   -   -   -   -   -   - 
  $14,925  $14,700  $11,155  $5,754  $5,510  $3,646  $12,522  $68,212 
                                 

Current period gross write-offs

 $-  $155  $2  $26  $-  $6  $16  $205 
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 
  

(In thousands)

 

Consumer and Other

                                

Pass

 $23,335  $13,906  $7,662  $2,604  $846  $5,446  $2,484  $56,283 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   90   90 

Doubtful

  -   -   -   -   -   -   -   - 
  $23,335  $13,906  $7,662  $2,604  $846  $5,446  $2,574  $56,373 
                                 

Current period gross write-offs

 $16  $90  $107  $25  $24  $52  $116  $430 
                                 

Total Loans

                                

Pass

 $131,765  $153,463  $92,602  $46,761  $39,445  $79,380  $68,417  $611,833 

Special Mention

  1,031   2,097   679   1,670   577   255   749   7,058 

Substandard

  -   -   -   306   303   980   184   1,773 

Doubtful

  -   48   279   78   264   1,081   -   1,750 
  $132,796  $155,608  $93,560  $48,815  $40,589  $81,696  $69,350  $622,414 
                                 

Current period gross write-offs

 $16  $245  $111  $51  $24  $87  $147  $681 
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

 $854  $996  $-  $893  $12 

Land

  51   51   -   71   - 

Construction

  -   -   -   -   - 

Commercial real estate

  463   484   -   582   25 

Commercial business

  40   40   -   137   8 

Home equity and second mortgage

  372   389   -   155   - 

Other consumer

  -   -   -   -   - 
                     
  $1,780  $1,960  $-  $1,838  $45 
                     

Loans with an allowance recorded:

                    

Residential

 $-  $-  $-  $11  $- 

Land

  -   -   -   -   - 

Construction

  -   -   -   -   - 

Commercial real estate

  -   -   -   -   - 

Commercial business

  155   155   155   31   - 

Home equity and second mortgage

  -   -   -   172   - 

Other consumer

  -   -   -   -   - 
                     
  $155  $155  $155  $214  $- 
                     

Total:

                    

Residential

 $854  $996  $-  $904  $12 

Land

  51   51   -   71   - 

Construction

  -   -   -   -   - 

Commercial real estate

  463   484   -   582   25 

Commercial business

  195   195   155   168   8 

Home equity and second mortgage

  372   389   -   327   - 

Other consumer

  -   -   -   -   - 
                     
  $1,935  $2,115  $155  $2,052  $45 
  

Average

  

Interest

 
  

Recorded

  

Income

 
  

Investment

  

Recognized

 
  

(In thousands)

 

Loans with no related allowance recorded:

        

Residential

 $1,529  $21 

Land

  100   - 

Construction

  -   - 

Commercial real estate

  740   34 

Commercial business

  191   8 

Home equity and second mortgage

  111   2 

Other consumer

  -   - 
         
  $2,671  $65 
         

Loans with an allowance recorded:

        

Residential

 $-  $- 

Land

  10   - 

Construction

  -   - 

Commercial real estate

  -   - 

Commercial business

  -   - 

Home equity and second mortgage

  231   - 

Other consumer

  -   - 
         
  $241  $- 
         

Total:

        

Residential

 $1,529  $21 

Land

  110   - 

Construction

  -   - 

Commercial real estate

  740   34 

Commercial business

  191   8 

Home equity and second mortgage

  342   2 

Other consumer

  -   - 
         
  $2,912  $65 
Schedule of Troubled Debt Restructurings by Accrual Status [Table Text Block]
              

Related

 
              

Allowance

 
  

Accruing

  

Nonaccrual

  

Total

  

for Loan Losses

 
  

(In thousands)

 

Troubled debt restructurings:

                

Residential real estate

 $108  $16  $124  $- 

Commercial real estate

  381   -   381   - 

Commercial business

  40   -   40   - 

Home equity and second mortgage

  -   278   278   - 
                 

Total

 $529  $294  $823  $- 
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

  

Consumer

     
  

Mortgage

  

Mortgage

  

Residential

  

Construction

  

and Land

  

Real Estate

  

Business

  

and Other

  

Total

 
  

(In thousands)

 

Amortized Cost Basis in Loans:

                                    

Principal loan balance

 $133,480  $62,070  $39,963  $15,667  $76,713  $168,757  $68,223  $56,373  $621,246 
                                     

Net deferred loan origination  fees and costs

  121   1,231   (17)  -   (44)  (112)  (11)  -   1,168 
                                     

Amortized cost basis in loans

 $133,601  $63,301  $39,946  $15,667  $76,669  $168,645  $68,212  $56,373  $622,414 
                      

Home Equity

         
  

Residential

          

Commercial

  

Commercial

  

and Second

  

Other

     
  

Real Estate

  

Land

  

Construction

  

Real Estate

  

Business

  

Mortgage

  

Consumer

  

Total

 
  

(In thousands)

 
                                 

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 
                      

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