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Note 4 - Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2021

Notes Tables

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

(Dollars in thousands)
		September 30, 2021				December 31, 2020
Loans secured by real estate:
Residential real estate		$	268,798			$	286,048
Home equity			35,652				39,233
Commercial real estate			309,905				298,257
Construction and land development			110,289				93,562
Multifamily			56,869				50,571
Farmland			205				215
Total loans secured by real estate			781,718				767,886
Commercial business			125,922				158,140
Consumer			650				1,025
Manufactured homes			32,857				24,232
Government			9,841				10,142
Subtotal			950,988				961,425
Less:
Net deferred loan origination fees			5,579				3,871
Undisbursed loan funds			(215	)			(150	)
Loans receivable		$	956,352			$	965,146

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

(Dollars in thousands)		Beginning Balance				Charge-offs				Recoveries				Provisions				Ending Balance
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended September 30, 2021:
Allowance for loan losses:
Residential real estate		$	2,294			$	(28	)		$	21			$	188			$	2,475
Home equity			371				-				-				3				374
Commercial real estate			5,939				-				-				413				6,352
Construction and land development			1,798				-				-				90				1,888
Multifamily			740				-				-				47				787
Farmland			-				-				-				-				-
Commercial business			2,474				-				6				(594	)			1,886
Consumer			23				(4	)			1				(8	)			12
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	13,639			$	(32	)		$	28			$	139			$	13,774

Allowance for loan losses:
Residential real estate		$	1,708			$	-			$	5			$	170			$	1,883
Home equity			231				-				-				(19	)			212
Commercial real estate			3,712				-				-				675				4,387
Construction and land development			1,201				-				-				(29	)			1,172
Multifamily			609				-				-				(59	)			550
Farmland			-				-				-				-				-
Commercial business			2,375				-				-				113				2,488
Consumer			30				(9	)			3				(2	)			22
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	9,866			$	(9	)		$	8			$	849			$	10,714

Allowance for loan losses:
Residential real estate		$	2,211			$	(32	)		$	46			$	250			$	2,475
Home equity			276				(1	)			-				99				374
Commercial real estate			5,406				-				-				946				6,352
Construction and land development			1,405				-				-				483				1,888
Multifamily			626				-				-				161				787
Farmland			-				-				-				-				-
Commercial business			2,508				-				25				(647	)			1,886
Consumer			26				(21	)			6				1				12
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	12,458			$	(54	)		$	77			$	1,293			$	13,774

Allowance for loan losses:
Residential real estate		$	1,812			$	(2	)		$	15			$	58			$	1,883
Home equity			223				-				-				(11	)			212
Commercial real estate			3,773				(80	)			-				694				4,387
Construction and land development			1,098				(17	)			-				91				1,172
Multifamily			529				-				-				21				550
Farmland			-				-				-				-				-
Commercial business			1,504				(78	)			17				1,045				2,488
Consumer			43				(22	)			11				(10	)			22
Manufactured homes			-				-				-				-				-
Government			17				-				-				(17	)			-
Total		$	8,999			$	(199	)		$	43			$	1,871			$	10,714

Financing Receivable, Impairment Evaluation [Table Text Block]

		Ending Balances
(Dollars in thousands)		Individually evaluated for impairment reserves				Collectively evaluated for impairment reserves				Loan receivables				Individually evaluated for impairment				Purchased credit impaired individually evaluated for impairment				Collectively evaluated for impairment
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at September 30, 2021:
Residential real estate		$	12			$	2,463			$	268,798			$	538			$	1,063			$	267,197
Home equity			4				370				35,652				156				141				35,355
Commercial real estate			1,579				4,773				309,905				7,021				-				302,884
Construction and land development			-				1,888				110,289				-				-				110,289
Multifamily			-				787				56,869				-				577				56,292
Farmland			-				-				205				-				-				205
Commercial business			309				1,577				125,922				830				1,103				123,989
Consumer			-				12				650				-				-				650
Manufactured homes			-				-				32,857				-				-				32,857
Government			-				-				9,841				-				-				9,841
Total		$	1,904			$	11,870			$	950,988			$	8,545			$	2,884			$	939,559

Residential real estate		$	173			$	2,038			$	286,048			$	868			$	1,297			$	283,883
Home equity			1				275				39,233				216				137				38,880
Commercial real estate			1,089				4,317				298,257				6,190				151				291,916
Construction and land development			-				1,405				93,562				-				-				93,562
Multifamily			-				626				50,571				95				621				49,855
Farmland			-				-				215				-				-				215
Commercial business			512				1,996				158,140				1,086				1,160				155,894
Consumer			-				26				1,025				-				-				1,025
Manufactured homes			-				-				24,232				-				-				24,232
Government			-				-				10,142				-				-				10,142
Total		$	1,775			$	10,683			$	961,425			$	8,455			$	3,366			$	949,604

Financing Receivable Credit Quality Indicators [Table Text Block]

		Credit Exposure - Credit Risk Portfolio By Creditworthiness Category
		September 30, 2021
(Dollars in thousands)			1-5				6				7				8
Loan Segment		Pass				Pass/monitor				Special mention				Substandard				Total
Residential real estate		$	227,505			$	34,285			$	3,282			$	3,726			$	268,798
Home equity			33,844				728				616				464				35,652
Commercial real estate			230,839				57,388				13,615				8,063				309,905
Construction and land development			88,574				18,072				3,643				-				110,289
Multifamily			50,652				5,570				253				394				56,869
Farmland			-				205				-				-				205
Commercial business			103,791				20,013				1,407				711				125,922
Consumer			650				-				-				-				650
Manufactured homes			32,063				734				60				-				32,857
Government			9,841				-				-				-				9,841
Total		$	777,759			$	136,995			$	22,876			$	13,358			$	950,988

		December 31, 2020
(Dollars in thousands)			1-5				6				7				8
Loan Segment		Pass				Pass/monitor				Special mention				Substandard				Total
Residential real estate		$	234,317			$	41,805			$	3,539			$	6,387			$	286,048
Home equity			37,044				933				761				495				39,233
Commercial real estate			222,892				55,202				11,983				8,180				298,257
Construction and land development			77,855				12,055				3,652				-				93,562
Multifamily			43,594				5,065				1,408				504				50,571
Farmland			-				215				-				-				215
Commercial business			135,671				20,067				1,341				1,061				158,140
Consumer			1,025				-				-				-				1,025
Manufactured homes			23,501				731				-				-				24,232
Government			10,142				-				-				-				10,142
Total		$	786,041			$	136,073			$	22,684			$	16,627			$	961,425

Impaired Financing Receivables [Table Text Block]

														For the nine months ended								For the three months ended
		As of September 30, 2021												September 30, 2021								September 30, 2021
(Dollars in thousands)		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Residential real estate		$	1,558			$	2,917			$	-			$	1,691			$	83			$	1,565			$	41
Home equity			275				288				-				307				7				273				2
Commercial real estate			1,185				1,185				-				1,268				39				1,362				13
Construction and land development			-				-				-				-				-				-				-
Multifamily			577				665				-				647				20				587				9
Farmland			-				-				-				-				-				-				-
Commercial business			1,299				1,435				-				1,410				33				1,354				(3	)
Consumer			-				-				-				-				-				-				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
With an allowance recorded:
Residential real estate		$	43			$	43			$	12			$	159			$	1			$	102			$	(4	)
Home equity			22				22				4				17				1				22				1
Commercial real estate			5,836				5,836				1,579				5,700				145				5,852				32
Construction and land development			-				-				-				-				-				-				-
Multifamily			-				-				-				-				-				-				-
Farmland			-				-				-				-				-				-				-
Commercial business			634				634				309				698				15				659				(7	)
Consumer			-				-				-				-				-				-				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
Total:
Residential real estate		$	1,601			$	2,960			$	12			$	1,850			$	84			$	1,667			$	37
Home equity		$	297			$	310			$	4			$	324			$	8			$	295			$	3
Commercial real estate		$	7,021			$	7,021			$	1,579			$	6,968			$	184			$	7,214			$	45
Construction & land development		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Multifamily		$	577			$	665			$	-			$	647			$	20			$	587			$	9
Farmland		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Commercial business		$	1,933			$	2,069			$	309			$	2,108			$	48			$	2,012			$	(10	)
Consumer		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Manufactured homes		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Government		$	-			$	-			$	-			$	-			$	-			$	-			$	-

														For the nine months ended								For the three months ended
		As of December 31, 2020												September 30, 2020								September 30, 2020
(Dollars in thousands)		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Residential real estate		$	1,895			$	3,228			$	-			$	2,061			$	81			$	2,000			$	32
Home equity			352				363				-				378				13				366				4
Commercial real estate			1,177				1,761				-				1,338				65				1,155				18
Construction & land development			-				-				-				-				-				-				-
Multifamily			716				798				-				775				23				758				9
Farmland			-				-				-				-				-				-				-
Commercial business			1,497				1,514				-				1,614				61				1,578				21
Consumer			-				-				-				-				-				-				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
With an allowance recorded:
Residential real estate		$	270			$	314			$	173			$	151			$	4			$	234			$	3
Home equity			1				9				1				4				-				1				-
Commercial real estate			5,164				5,164				1,089				1,346				1				2,673				-
Construction & land development			-				-				-				-				-				-				-
Multifamily			-				-				-				-				-				-				-
Farmland			-				-				-				-				-				-				-
Commercial business			749				749				512				736				19				855				-
Consumer			-				-				-				-				-				-				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
Total:
Residential real estate		$	2,165			$	3,542			$	173			$	2,212			$	85			$	2,234			$	35
Home equity		$	353			$	372			$	1			$	382			$	13			$	367			$	4
Commercial real estate		$	6,341			$	6,925			$	1,089			$	2,684			$	66			$	3,828			$	18
Construction & land development		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Multifamily		$	716			$	798			$	-			$	775			$	23			$	758			$	9
Farmland		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Commercial business		$	2,246			$	2,263			$	512			$	2,350			$	80			$	2,433			$	21
Consumer		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Manufactured homes		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Government		$	-			$	-			$	-			$	-			$	-			$	-			$	-

Financing Receivable, Past Due [Table Text Block]

(Dollars in thousands)		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due				Total Past Due				Current				Total Loans				Recorded Investments Greater than 90 Days Past Due and Accruing
September 30, 2021
Residential real estate		$	2,057			$	242			$	2,422			$	4,721			$	264,077			$	268,798			$	186
Home equity			332				203				448				983				34,669				35,652				30
Commercial real estate			1,712				931				1,159				3,802				306,103				309,905				55
Construction and land development			-				-				-				-				110,289				110,289				-
Multifamily			77				273				115				465				56,404				56,869				-
Farmland			-				-				-				-				205				205				-
Commercial business			285				250				2,350				2,885				123,037				125,922				2,245
Consumer			4				-				-				4				646				650				-
Manufactured homes			347				241				-				588				32,269				32,857				-
Government			-				-				-				-				9,841				9,841				-
Total		$	4,814			$	2,140			$	6,494			$	13,448			$	937,540			$	950,988			$	2,516
December 31, 2020
Residential real estate		$	2,797			$	1,119			$	4,875			$	8,791			$	277,257			$	286,048			$	80
Home equity			616				323				416				1,355				37,878				39,233				29
Commercial real estate			1,172				237				680				2,089				296,168				298,257				437
Construction and land development			471				-				20				491				93,071				93,562				20
Multifamily			94				266				150				510				50,061				50,571				-
Farmland			-				-				-				-				215				215				-
Commercial business			845				96				269				1,210				156,930				158,140				-
Consumer			2				-				-				2				1,023				1,025				-
Manufactured homes			303				173				-				476				23,756				24,232				-
Government			380				-				-				380				9,762				10,142				-
Total		$	6,680			$	2,214			$	6,410			$	15,304			$	946,121			$	961,425			$	566

Financing Receivable, Nonaccrual [Table Text Block]

(Dollars in thousands)
		September 30, 2021				December 31, 2020
Residential real estate		$	3,575			$	6,390
Home equity			448				476
Commercial real estate			6,263				5,390
Construction and land development			-				-
Multifamily			394				504
Farmland			-				-
Commercial business			347				1,039
Consumer			-				-
Manufactured homes			-				-
Government			-				-
Total		$	11,027			$	13,799

Schedule of Accretable Yield from Financing Receivables [Table Text Block]

(dollars in thousands)		Total
2020		$	78
2021			21

(dollars in thousands)		Total
2020		$	21
2021			-

(dollars in thousands)		Total
2020		$	1,352
2021			793

(dollars in thousands)		Total
2020		$	377
2021			188

(dollars in thousands)		Total
2021		$	196
2022			758
2023			271
Total		$	1,225

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- Definition

Tabular disclosure of financing receivable on nonaccrual status.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919258-210447

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