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Note 5 - Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

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

(Dollars in thousands)
		September 30, 2022				December 31, 2021
Loans secured by real estate:
Residential real estate		$	471,565			$	260,134
Home equity			37,578				34,612
Commercial real estate			452,852				317,145
Construction and land development			134,301				123,822
Multifamily			258,377				61,194
Total loans secured by real estate			1,354,673				796,907
Commercial business			95,372				115,772
Consumer			827				582
Manufactured homes			35,866				37,887
Government			9,649				8,991
Loans receivable			1,496,387				960,139
Add (less):
Net deferred loan origination costs			5,767				6,810
Undisbursed loan funds and loan clearings			542				(229	)
Loans receivable, net of deferred fees and costs		$	1,502,696			$	966,720

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

Allowance for loan losses:
Residential real estate		$	2,756			$	-			$	8			$	246			$	3,010
Home equity			373				-				-				22				395
Commercial real estate			5,527				-				-				(27	)			5,500
Construction and land development			1,744				-				-				(229	)			1,515
Multifamily			1,128				-				-				108				1,236
Commercial business			1,808				(57	)			50				(100	)			1,701
Consumer			70				(13	)			4				(20	)			41
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	13,406			$	(70	)		$	62			$	-			$	13,398

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
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		$	2,480			$	-			$	58			$	472			$	3,010
Home equity			357				-				-				38				395
Commercial real estate			5,515				-				-				(15	)			5,500
Construction and land development			2,119				-				-				(604	)			1,515
Multifamily			848				-				-				388				1,236
Commercial business			2,009				(57	)			88				(339	)			1,701
Consumer			15				(50	)			16				60				41
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	13,343			$	(107	)		$	162			$	-			$	13,398

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
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

Financing Receivable, Impairment Evaluation [Table Text Block]

Residential real estate		$	27			$	2,983			$	471,565			$	1,545			$	1,778			$	468,242
Home equity			3				392				37,578				116				127				37,335
Commercial real estate			456				5,044				452,852				2,264				2,965				447,623
Construction and land development			-				1,515				134,301				-				-				134,301
Multifamily			-				1,236				258,377				-				2,804				255,573
Commercial business			263				1,438				95,372				397				991				93,984
Consumer			-				41				827				-				19				808
Manufactured homes			-				-				35,866				-				-				35,866
Government			-				-				9,649				-				-				9,649
Total		$	749			$	12,649			$	1,496,387			$	4,322			$	8,684			$	1,483,381

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
		September 30, 2022
(Dollars in thousands)		1-6				7				8
Loan Segment		Pass				Special mention				Substandard				Total
Residential real estate		$	464,241			$	1,297			$	6,027			$	471,565
Home equity			36,589				391				598				37,578
Commercial real estate			432,797				11,754				8,301				452,852
Construction and land development			132,129				2,172				-				134,301
Multifamily			253,001				2,608				2,768				258,377
Commercial business			92,213				2,931				228				95,372
Consumer			827				-				-				827
Manufactured homes			35,866				-				-				35,866
Government			9,649				-				-				9,649
Total		$	1,457,312			$	21,153			$	17,922			$	1,496,387

		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 nine months ended								For the three months ended
(unaudited)		As of September 30, 2022												September 30, 2022								September 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		$	3,069			$	4,559			$	-			$	2,596			$	206			$	2,563			$	51
Home equity			222				238				-				216				14				178				1
Commercial real estate			4,384				4,572				-				2,932				196				3,677				(24	)
Construction and land development			-				-				-				430				13				400				13
Multifamily			2,804				3,253				-				2,454				86				2,872				24
Commercial business			1,072				1,181				-				1,137				79				1,048				3
Consumer			19				19				-				15				1				20				1
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
																											-
With an allowance recorded:																											-
Residential real estate		$	254			$	278			$	27			$	179			$	5			$	272			$	(4	)
Home equity			21				21				3				21				1				21				-
Commercial real estate			845				845				456				844				-				846				-
Construction and land development			-				-				-				-				-				-				-
Multifamily			-				-				-				-				-				-				-
Commercial business			316				321				263				332				14				311				(2	)
Consumer			-				-				-				-				-				-				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
Total:
Residential real estate		$	3,323			$	4,837			$	27			$	2,775			$	211			$	2,835			$	47
Home equity		$	243			$	259			$	3			$	237			$	15			$	199			$	1
Commercial real estate		$	5,229			$	5,417			$	456			$	3,776			$	196			$	4,523			$	(24	)
Construction & land development		$	-			$	-			$	-			$	430			$	13			$	400			$	13
Multifamily		$	2,804			$	3,253			$	-			$	2,454			$	86			$	2,872			$	24
Commercial business		$	1,388			$	1,502			$	263			$	1,469			$	93			$	1,359			$	1
Consumer		$	19			$	19			$	-			$	15			$	1			$	20			$	1
Manufactured homes		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Government		$	-			$	-			$	-			$	-			$	-			$	-			$	-

														For the nine months ended								For the three months ended
		As of December 31, 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		$	1,683			$	3,017			$	-			$	1,691			$	83			$	1,565			$	41
Home equity			262				275				-				307				7				273				2
Commercial real estate			765				765				-				1,268				39				1,362				13
Construction & land development			-				-				-				-				-				-				-
Multifamily			556				647				-				647				20				587				9
Commercial business			1,205				1,324				-				1,410				33				1,354				(3	)
Consumer			-				-				-				-				-				-				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
With an allowance recorded:
Residential real estate		$	88			$	88			$	17			$	159			$	1			$	102			$	(4	)
Home equity			22				22				4				17				1				22				1
Commercial real estate			835				835				386				5,700				145				5,852				32
Construction & land development			-				-				-				-				-				-				-
Multifamily			-				-				-				-				-				-				-
Commercial business			392				392				277				698				15				659				(7	)
Consumer			-				-				-				-				-				-				-
Manufactured homes			-				-				-				-				-				-				-
Government			-				-				-				-				-				-				-
Total:
Residential real estate		$	1,771			$	3,105			$	17			$	1,850			$	84			$	1,667			$	37
Home equity		$	284			$	297			$	4			$	324			$	8			$	295			$	3
Commercial real estate		$	1,600			$	1,600			$	386			$	6,968			$	184			$	7,214			$	45
Construction & land development		$	-			$	-			$	-			$	-			$	-			$	-			$	-
Multifamily		$	556			$	647			$	-			$	647			$	20			$	587			$	9
Commercial business		$	1,597			$	1,716			$	277			$	2,108			$	48			$	2,012			$	(10	)
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, 2022
Residential real estate		$	2,266			$	1,929			$	2,539			$	6,734			$	464,831			$	471,565			$	348
Home equity			193				-				521				714				36,864				37,578				-
Commercial real estate			1,004				162				3,350				4,516				448,336				452,852				1,071
Construction and land development			46				-				-				46				134,255				134,301				-
Multifamily			474				908				288				1,670				256,707				258,377				181
Commercial business			1,662				1,466				532				3,660				91,712				95,372				342
Consumer			-				-				-				-				827				827				-
Manufactured homes			572				313				41				926				34,940				35,866				40
Government			-				-				-				-				9,649				9,649				-
Total		$	6,217			$	4,778			$	7,271			$	18,266			$	1,478,121			$	1,496,387			$	1,982
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)
		September 30, 2022				December 31, 2021
Residential real estate		$	4,965			$	4,651
Home equity			585				623
Commercial real estate			2,807				940
Construction and land development			-				-
Multifamily			367				455
Commercial business			219				387
Consumer			-				-
Manufactured homes			-				-
Government			-				-
Total		$	8,943			$	7,056

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

(dollars in thousands)		Total
2021		$	188
2022			176

(dollars in thousands)		Total
2021		$	793
2022			723

(dollars in thousands)		Total
Remainder 2022		$	164
2023			665
2024			649
2025			507
2026			332
2027 and thereafter			3,464
Total		$	5,781

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