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Note 4 - Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

(Dollars in thousands)
		December 31, 2021				December 31, 2020
Loans secured by real estate:
Residential real estate		$	260,134			$	286,048
Home equity			34,612				39,233
Commercial real estate			317,145				298,257
Construction and land development			123,822				93,562
Multifamily			61,194				50,571
Farmland			-				215
Total loans secured by real estate			796,907				767,886
Commercial business			115,772				158,140
Consumer			582				1,025
Manufactured homes			37,887				24,232
Government			8,991				10,142
Loans receivable			960,139				961,425
Less:
Net deferred loan origination costs			6,810				3,871
Undisbursed loan funds			(229	)			(150	)
Loans receivable, net of deferred fees and costs		$	966,720			$	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 twelve months ended December 31, 2021:
Allowance for loan losses:
Residential real estate		$	2,211			$	(32	)		$	81			$	220			$	2,480
Home equity			276				(1	)			1				81				357
Commercial real estate			5,406				(530	)			-				639				5,515
Construction and land development			1,405				-				-				714				2,119
Multifamily			626				-				-				222				848
Farmland			-				-				-				-				-
Commercial business			2,508				(158	)			36				(377	)			2,009
Consumer			26				(29	)			8				10				15
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	12,458			$	(750	)		$	126			$	1,509			$	13,343
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the twelve months ended December 31, 2020:
Allowance for loan losses:
Residential real estate		$	1,812			$	(2	)		$	27			$	374			$	2,211
Home equity			223				-				-				53				276
Commercial real estate			3,773				(80	)			-				1,713				5,406
Construction and land development			1,098				(17	)			-				324				1,405
Multifamily			529				-				-				97				626
Farmland			-				-				-				-				-
Commercial business			1,504				(158	)			17				1,145				2,508
Consumer			43				(29	)			14				(2	)			26
Manufactured homes			-				-				-				-				-
Government			17				-				-				(17	)			-
Total		$	8,999			$	(286	)		$	58			$	3,687			$	12,458

Financing Receivable, Impairment Evaluation [Table Text Block]

		Ending Balances
(Dollars in thousands)		Allowance for individually evaluated for impairment reserves				Allowance for collectively evaluated for impairment reserves				Loan receivables				Loans individually evaluated for impairment				Purchased credit impaired loans individually evaluated for impairment				Loans collectively evaluated for impairment
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2021:
Residential real estate		$	17			$	2,463			$	260,134			$	755			$	1,016			$	258,363
Home equity			4				353				34,612				147				137				34,328
Commercial real estate			386				5,129				317,145				1,600				-				315,545
Construction and land development			-				2,119				123,822				-				-				123,822
Multifamily			-				848				61,194				-				556				60,638
Farmland			-				-				-				-				-				-
Commercial business			277				1,732				115,772				524				1,073				114,175
Consumer			-				15				582				-				-				582
Manufactured homes			-				-				37,887				-				-				37,887
Government			-				-				8,991				-				-				8,991
Total		$	684			$	12,659			$	960,139			$	3,026			$	2,782			$	954,331
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2020:
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
		December 31, 2021
(Dollars in thousands)		1-5				6				7				8
Loan Segment		Pass				Pass/monitor				Special mention				Substandard				Total
Residential real estate		$	222,057			$	31,415			$	2,940			$	3,722			$	260,134
Home equity			32,873				692				415				632				34,612
Commercial real estate			253,424				48,148				12,011				3,562				317,145
Construction and land development			103,365				16,827				3,630				-				123,822
Multifamily			54,719				5,938				153				384				61,194
Farmland			-				-				-				-				-
Commercial business			95,412				18,058				1,915				387				115,772
Consumer			582				-				-				-				582
Manufactured homes			37,103				725				59				-				37,887
Government			8,991				-				-				-				8,991
Total		$	808,526			$	121,803			$	21,123			$	8,687			$	960,139

		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 twelve months ended
		As of December 31, 2021												December 31, 2021
(Dollars in thousands)		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Residential real estate		$	1,683			$	3,017			$	-			$	1,689			$	113
Home equity			262				275				-				298				12
Commercial real estate			765				765				-				1,167				43
Construction and land development.			-				-				-				-				-
Multifamily			556				647				-				629				31
Farmland			-				-				-				-				-
Commercial business			1,205				1,324				-				1,369				52
Consumer			-				-				-				-				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
With an allowance recorded:
Residential real estate		$	88			$	88			$	17			$	145			$	2
Home equity			22				22				4				18				1
Commercial real estate			835				835				386				4,727				225
Construction and land development.			-				-				-				-				-
Multifamily			-				-				-				-				-
Farmland			-				-				-				-				-
Commercial business			392				392				277				637				24
Consumer			-				-				-				-				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total:
Residential real estate		$	1,771			$	3,105			$	17			$	1,834			$	115
Home equity		$	284			$	297			$	4			$	316			$	13
Commercial real estate		$	1,600			$	1,600			$	386			$	5,894			$	268
Construction & land development		$	-			$	-			$	-			$	-			$	-
Multifamily		$	556			$	647			$	-			$	629			$	31
Farmland		$	-			$	-			$	-			$	-			$	-
Commercial business		$	1,597			$	1,716			$	277			$	2,006			$	76
Consumer		$	-			$	-			$	-			$	-			$	-
Manufactured homes		$	-			$	-			$	-			$	-			$	-
Government		$	-			$	-			$	-			$	-			$	-

														For the twelve months ended
		As of December 31, 2020												December 31, 2020
(Dollars in thousands)		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Residential real estate		$	1,895			$	3,228			$	-			$	2,028			$	115
Home equity			352				363				-				373				16
Commercial real estate			1,177				1,761				-				1,305				80
Construction & land development.			-				-				-				-				-
Multifamily			716				798				-				763				42
Farmland			-				-				-				-				-
Commercial business			1,497				1,514				-				1,591				80
Consumer			-				-				-				-				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
With an allowance recorded:
Residential real estate		$	270			$	314			$	173			$	174			$	6
Home equity			1				9				1				5				-
Commercial real estate			5,164				5,164				1,089				2,109				16
Construction & land development			-				-				-				-				-
Multifamily			-				-				-				-				-
Farmland			-				-				-				-				-
Commercial business			749				749				512				739				30
Consumer			-				-				-				-				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total:
Residential real estate		$	2,165			$	3,542			$	173			$	2,202			$	121
Home equity		$	353			$	372			$	1			$	378			$	16
Commercial real estate		$	6,341			$	6,925			$	1,089			$	3,414			$	96
Construction & land development....		$	-			$	-			$	-			$	-			$	-
Multifamily		$	716			$	798			$	-			$	763			$	42
Farmland		$	-			$	-			$	-			$	-			$	-
Commercial business		$	2,246			$	2,263			$	512			$	2,330			$	110
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
December 31, 2021
Residential real estate		$	2,507			$	824			$	2,142			$	5,473			$	254,661			$	260,134			$	31
Home equity			169				67				565				801				33,811				34,612				34
Commercial real estate			231				1,960				944				3,135				314,010				317,145				91
Construction and land development			5,148				283				-				5,431				118,391				123,822				-
Multifamily			-				-				109				109				61,085				61,194				-
Farmland			-				-				-				-				-				-				-
Commercial business			573				1,594				242				2,409				113,363				115,772				49
Consumer			-				3				-				3				579				582				-
Manufactured homes			633				171				-				804				37,083				37,887				-
Government			-				-				-				-				8,991				8,991				-
Total		$	9,261			$	4,902			$	4,002			$	18,165			$	941,974			$	960,139			$	205
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)
		December 31, 2021				December 31, 2020
Residential real estate		$	4,651			$	6,390
Home equity			623				476
Commercial real estate			940				5,390
Construction and land development.			-				-
Multifamily			455				504
Farmland			-				-
Commercial business			387				1,039
Consumer			-				-
Manufactured homes			-				-
Government			-				-
Total		$	7,056			$	13,799

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

(dollars in thousands)		Total
2020		$	99
2021			21

(dollars in thousands)		Total
2020		$	1,820
2021			960

(dollars in thousands)		Total
2022		$	758
2023			300
Total		$	1,058

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