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Note 5 - Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2022

Notes Tables

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

(Dollars in thousands)
		March 31, 2022				December 31, 2021
Loans secured by real estate:
Residential real estate		$	444,753			$	260,134
Home equity			34,284				34,612
Commercial real estate			408,375				317,145
Construction and land development			150,810				123,822
Multifamily			234,267				61,194
Total loans secured by real estate			1,272,489				796,907
Commercial business			112,396				115,772
Consumer			924				582
Manufactured homes			38,636				37,887
Government			8,176				8,991
Loans receivable			1,432,621				960,139
Add (less):
Net deferred loan origination costs			6,700				6,810
Undisbursed loan funds			407				(229	)
Loans receivable, net of deferred fees and costs		$	1,439,728			$	966,720

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 March 31, 2022:
Allowance for loan losses:
Residential real estate		$	2,480			$	-			$	21			$	(8	)		$	2,493
Home equity			357				-				-				(3	)			354
Commercial real estate			5,515				-				-				15				5,530
Construction and land development			2,119				-				-				16				2,135
Multifamily			848				-				-				41				889
Commercial business			2,009				-				31				(99	)			1,941
Consumer			15				(10	)			2				38				45
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	13,343			$	(10	)		$	54			$	-			$	13,387

Allowance for loan losses:
Residential real estate		$	2,211			$	(4	)		$	10			$	(41	)		$	2,176
Home equity			276				(1	)			-				34				309
Commercial real estate			5,406				-				-				320				5,726
Construction and land development			1,405				-				-				182				1,587
Multifamily			626				-				-				54				680
Commercial business			2,508				-				8				36				2,552
Consumer			26				(6	)			4				(7	)			17
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	12,458			$	(11	)		$	22			$	578			$	13,047

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 March 31, 2022:
Residential real estate		$	17			$	2,476			$	444,753			$	753			$	2,908			$	441,092
Home equity			4				350				34,284				135				134				34,015
Commercial real estate			440				5,090				408,375				1,496				2,965				403,914
Construction and land development			-				2,135				150,810				-				804				150,006
Multifamily			-				889				234,267				-				3,302				230,965
Commercial business			259				1,682				112,396				501				1,061				110,834
Consumer			-				45				924				-				21				903
Manufactured homes			-				-				38,636				-				-				38,636
Government			-				-				8,176				-				-				8,176
Total		$	720			$	12,667			$	1,432,621			$	2,885			$	11,195			$	1,418,541

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
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

Financing Receivable Credit Quality Indicators [Table Text Block]

		Credit Exposure - Credit Risk Portfolio By Creditworthiness Category
		March 31, 2022
(Dollars in thousands)		1-6				7				8
Loan Segment		Pass				Special mention				Substandard				Total
Residential real estate		$	435,814			$	2,308			$	6,631			$	444,753
Home equity			33,234				415				635				34,284
Commercial real estate			390,533				11,391				6,451				408,375
Construction and land development			146,407				4,403				-				150,810
Multifamily			229,705				1,532				3,030				234,267
Commercial business			108,605				3,395				396				112,396
Consumer			924				-				-				924
Manufactured homes			38,577				59				-				38,636
Government			8,176				-				-				8,176
Total		$	1,391,975			$	23,503			$	17,143			$	1,432,621

		December 31, 2021
(Dollars in thousands)		1-6				7				8
Loan Segment		Pass				Special mention				Substandard				Total
Residential real estate		$	253,472			$	2,940			$	3,722			$	260,134
Home equity			33,565				415				632				34,612
Commercial real estate			301,572				12,011				3,562				317,145
Construction and land development			120,192				3,630				-				123,822
Multifamily			60,657				153				384				61,194
Commercial business			113,470				1,915				387				115,772
Consumer			582				-				-				582
Manufactured homes			37,828				59				-				37,887
Government			8,991				-				-				8,991
Total		$	930,329			$	21,123			$	8,687			$	960,139

Impaired Financing Receivables [Table Text Block]

(Dollars in thousands)														For the three months ended
(unaudited)		As of March 31, 2022												March 31, 2022
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Residential real estate		$	3,575			$	5,070			$	-			$	2,629			$	30
Home equity			248				263				-				255				7
Commercial real estate			3,610				3,722				-				2,188				10
Construction and land development			804				920				-				460				-
Multifamily			3,302				4,241				-				2,036				-
Commercial business			1,247				1,363				-				1,226				15
Consumer			21				21				-				11				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
With an allowance recorded:
Residential real estate		$	86			$	86			$	17			$	87			$	3
Home equity			21				21				4				22				1
Commercial real estate			851				852				440				843				-
Construction and land development			-				-				-				-				-
Multifamily			-				-				-				-				-
Commercial business			315				377				259				354				16
Consumer			-				-				-				-				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total:
Residential real estate		$	3,661			$	5,156			$	17			$	2,716			$	33
Home equity		$	269			$	284			$	4			$	277			$	8
Commercial real estate		$	4,461			$	4,574			$	440			$	3,031			$	10
Construction & land development		$	804			$	920			$	-			$	460			$	-
Multifamily		$	3,302			$	4,241			$	-			$	2,036			$	-
Commercial business		$	1,562			$	1,740			$	259			$	1,580			$	31
Consumer		$	21			$	21			$	-			$	11			$	-
Manufactured homes		$	-			$	-			$	-			$	-			$	-
Government		$	-			$	-			$	-			$	-			$	-

														For the three months ended
		As of December 31, 2021												March 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			$	-			$	1,817			$	22
Home equity			262				275				-				341				4
Commercial real estate			765				765				-				1,174				12
Construction & land development			-				-				-				-				-
Multifamily			556				647				-				708				5
Commercial business			1,205				1,324				-				1,467				18
Consumer			-				-				-				-				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
With an allowance recorded:
Residential real estate		$	88			$	88			$	17			$	217			$	5
Home equity			22				22				4				12				-
Commercial real estate			835				835				386				5,549				50
Construction & land development			-				-				-				-				-
Multifamily			-				-				-				-				-
Commercial business			392				392				277				737				11
Consumer			-				-				-				-				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total:
Residential real estate		$	1,771			$	3,105			$	17			$	2,034			$	27
Home equity		$	284			$	297			$	4			$	353			$	4
Commercial real estate		$	1,600			$	1,600			$	386			$	6,723			$	62
Construction & land development		$	-			$	-			$	-			$	-			$	-
Multifamily		$	556			$	647			$	-			$	708			$	5
Commercial business		$	1,597			$	1,716			$	277			$	2,204			$	29
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
March 31, 2022
Residential real estate		$	3,056			$	1,388			$	3,528			$	7,972			$	436,781			$	444,753			$	117
Home equity			37				18				534				589				33,695				34,284				-
Commercial real estate			1,665				805				1,015				3,485				404,890				408,375				163
Construction and land development			2,513				-				-				2,513				148,297				150,810				-
Multifamily			55				18				111				184				234,083				234,267				-
Commercial business			970				-				583				1,553				110,843				112,396				214
Consumer			-				-				-				-				924				924				-
Manufactured homes			316				204				-				520				38,116				38,636				-
Government			-				-				-				-				8,176				8,176				-
Total		$	8,612			$	2,433			$	5,771			$	16,816			$	1,415,805			$	1,432,621			$	494
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				-
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

Financing Receivable, Nonaccrual [Table Text Block]

(Dollars in thousands)
		March 31, 2022				December 31, 2021
Residential real estate		$	5,710			$	4,651
Home equity			620				623
Commercial real estate			1,263				940
Construction and land development			-				-
Multifamily			447				455
Commercial business			374				387
Consumer			-				-
Manufactured homes			-				-
Government			-				-
Total		$	8,414			$	7,056

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

(dollars in thousands)		Total
2021		$	305
2022			107

(dollars in thousands)		Total
Remainder 2022		$	719
2023			804
2024			623
2025			605
2026 and thereafter			3,671
Total		$	6,422

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