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Note 5 - Loans Receivable (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

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

(Dollars in thousands)
		June 30, 2022				December 31, 2021
Loans secured by real estate:
Residential real estate		$	459,151			$	260,134
Home equity			35,672				34,612
Commercial real estate			420,735				317,145
Construction and land development			153,422				123,822
Multifamily			248,495				61,194
Total loans secured by real estate			1,317,475				796,907
Commercial business			103,649				115,772
Consumer			1,673				582
Manufactured homes			37,693				37,887
Government			8,081				8,991
Loans receivable			1,468,571				960,139
Add (less):
Net deferred loan origination costs			6,482				6,810
Undisbursed loan funds			(672	)			(229	)
Loans receivable, net of deferred fees and costs..		$	1,474,381			$	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 June 30, 2022:
Allowance for loan losses:
Residential real estate		$	2,493			$	-			$	29			$	234			$	2,756
Home equity			354				-				-				19				373
Commercial real estate			5,530				-				-				(3	)			5,527
Construction and land development			2,135				-				-				(391	)			1,744
Multifamily			889				-				-				239				1,128
Commercial business			1,941				-				7				(140	)			1,808
Consumer			45				(27	)			10				42				70
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	13,387			$	(27	)		$	46			$	-			$	13,406

Allowance for loan losses:
Residential real estate		$	2,176			$	-			$	15			$	103			$	2,294
Home equity			309				-				-				62				371
Commercial real estate			5,726				-				-				213				5,939
Construction and land development			1,587				-				-				211				1,798
Multifamily			680				-				-				60				740
Commercial business			2,552				-				11				(89	)			2,474
Consumer			17				(11	)			1				16				23
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	13,047			$	(11	)		$	27			$	576			$	13,639

Allowance for loan losses:
Residential real estate		$	2,480			$	-			$	50			$	226			$	2,756
Home equity			357				-				-				16				373
Commercial real estate			5,515				-				-				12				5,527
Construction and land development			2,119				-				-				(375	)			1,744
Multifamily			848				-				-				280				1,128
Commercial business			2,009				-				38				(239	)			1,808
Consumer			15				(37	)			12				80				70
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	13,343			$	(37	)		$	100			$	-			$	13,406

Allowance for loan losses:
Residential real estate		$	2,211			$	(4	)		$	25			$	62			$	2,294
Home equity			276				(1	)			-				96				371
Commercial real estate			5,406				-				-				533				5,939
Construction and land development			1,405				-				-				393				1,798
Multifamily			626				-				-				114				740
Commercial business			2,508				-				19				(53	)			2,474
Consumer			26				(17	)			5				9				23
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	12,458			$	(22	)		$	49			$	1,154			$	13,639

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 June 30, 2022:
Residential real estate		$	31			$	2,725			$	459,151			$	290			$	2,057			$	456,804
Home equity			3				370				35,672				21				133				35,518
Commercial real estate			446				5,081				420,735				846				2,970				416,919
Construction and land development			-				1,744				153,422				-				800				152,622
Multifamily			-				1,128				248,495				-				2,940				245,555
Commercial business			251				1,557				103,649				306				1,024				102,319
Consumer			-				70				1,673				-				20				1,653
Manufactured homes			-				-				37,693				-				-				37,693
Government			-				-				8,081				-				-				8,081
Total		$	731			$	12,675			$	1,468,571			$	1,463			$	9,944			$	1,457,164

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
		June 30, 2022
(Dollars in thousands)		1-6				7				8
Loan Segment		Pass				Special mention				Substandard				Total
Residential real estate		$	451,077			$	2,055			$	6,019			$	459,151
Home equity			34,648				400				624				35,672
Commercial real estate			403,000				10,890				6,845				420,735
Construction and land development			152,622				800				-				153,422
Multifamily			244,053				1,541				2,901				248,495
Commercial business			100,313				3,057				279				103,649
Consumer			1,673				-				-				1,673
Manufactured homes			37,693				-				-				37,693
Government			8,081				-				-				8,081
Total		$	1,433,160			$	18,743			$	16,668			$	1,468,571

		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 six months ended								For the three months ended
(unaudited)		As of June 30, 2022												June 30, 2022								June 30, 2022
		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		$	2,057			$	4,844			$	-			$	2,438			$	155			$	2,816			$	125
Home equity			133				253				-				214				13				191				6
Commercial real estate			2,970				3,236				-				2,448				220				3,290				210
Construction and land development			800				1,023				-				573				-				860				-
Multifamily			2,940				3,269				-				2,337				62				3,228				62
Commercial business			1,024				1,024				-				1,159				76				1,136				61
Consumer			20				20				-				14				-				21				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
With an allowance recorded:
Residential real estate		$	290			$	328			$	31			$	154			$	9			$	188			$	6
Home equity			21				21				3				21				1				21				-
Commercial real estate			846				847				446				844				-				849				-
Construction and land development			-				-				-				-				-				-				-
Multifamily			-				-				-				-				-				-				-
Commercial business			306				369				251				338				16				311				-
Consumer			-				-				-				-				-				-				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
Total:
Residential real estate		$	2,347			$	5,172			$	31			$	2,592			$	164			$	3,004			$	131
Home equity		$	154			$	274			$	3			$	235			$	14			$	212			$	6
Commercial real estate		$	3,816			$	4,083			$	446			$	3,292			$	220			$	4,139			$	210
Construction & land development		$	800			$	1,023			$	-			$	573			$	-			$	860			$	-
Multifamily		$	2,940			$	3,269			$	-			$	2,337			$	62			$	3,228			$	62
Commercial business		$	1,330			$	1,393			$	251			$	1,497			$	92			$	1,447			$	61
Consumer		$	20			$	20			$	-			$	14			$	-			$	21			$	-
Manufactured homes		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Government		$	-			$	-			$	-			$	-			$	-			$	-			$	-

														For the six months ended								For the three months ended
		As of December 31, 2021												June 30, 2021								June 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		$	1,683			$	3,017			$	-			$	1,735			$	42			$	1,817			$	20
Home equity			262				275				-				317				5				341				1
Commercial real estate			765				765				-				1,295				26				1,174				14
Construction & land development			-				-				-				-				-				-				-
Multifamily			556				647				-				670				11				708				6
Commercial business			1,205				1,324				-				1,447				36				1,467				18
Consumer			-				-				-				-				-				-				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
With an allowance recorded:
Residential real estate		$	88			$	88			$	17			$	198			$	5			$	165			$	-
Home equity			22				22				4				15				-				23				-
Commercial real estate			835				835				386				5,655				113				5,901				63
Construction & land development			-				-				-				-				-				-				-
Multifamily			-				-				-				-				-				-				-
Commercial business			392				392				277				719				22				704				11
Consumer			-				-				-				-				-				-				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
Total:
Residential real estate		$	1,771			$	3,105			$	17			$	1,933			$	47			$	1,982			$	20
Home equity		$	284			$	297			$	4			$	332			$	5			$	364			$	1
Commercial real estate		$	1,600			$	1,600			$	386			$	6,950			$	139			$	7,075			$	77
Construction & land development		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Multifamily		$	556			$	647			$	-			$	670			$	11			$	708			$	6
Commercial business		$	1,597			$	1,716			$	277			$	2,166			$	58			$	2,171			$	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
June 30, 2022
Residential real estate		$	2,137			$	2,306			$	3,260			$	7,703			$	451,448			$	459,151			$	610
Home equity			114				7				527				648				35,024				35,672				-
Commercial real estate			135				1,734				2,477				4,346				416,389				420,735				517
Construction and land development			337				56				-				393				153,029				153,422				-
Multifamily			24				307				109				440				248,055				248,495				-
Commercial business			1,706				1,205				281				3,192				100,457				103,649				81
Consumer			4				-				-				4				1,669				1,673				-
Manufactured homes			230				334				-				564				37,129				37,693				-
Government			-				-				-				-				8,081				8,081				-
Total		$	4,687			$	5,949			$	6,654			$	17,290			$	1,451,281			$	1,468,571			$	1,208
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)		June 30, 2022				December 31, 2021
Residential real estate		$	4,975			$	4,651
Home equity			610				623
Commercial real estate			2,594				940
Construction and land development			-				-
Multifamily			369				455
Commercial business			265				387
Consumer			-				-
Manufactured homes			-				-
Government			-				-
Total		$	8,813			$	7,056

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

(dollars in thousands)		Total
2021		$	300
2022			440

(dollars in thousands)		Total
2021		$	605
2022			547

(dollars in thousands)		Total
Remainder 2022		$	240
2023			665
2024			649
2025			507
2026 and thereafter			3,565
Total		$	5,958

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