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Note 4 - Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

(Dollars in thousands)
		December 31, 2022				December 31, 2021
Loans secured by real estate:
Residential real estate		$	484,595			$	260,134
Home equity			38,978				34,612
Commercial real estate			486,431				317,145
Construction and land development			108,926				123,822
Multifamily			251,014				61,194
Total loans secured by real estate			1,369,944				796,907
Commercial business			93,278				115,772
Consumer			918				582
Manufactured homes			34,882				37,887
Government			9,549				8,991
Loans receivable			1,508,571				960,139
Add (less):
Net deferred loan origination costs			5,083				6,810
Undisbursed loan funds			(23	)			(229	)
Loans receivable, net of deferred fees and costs..		$	1,513,631			$	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 twelve months ended December 31, 2022:
Allowance for loan losses:
Residential real estate		$	2,480			$	(29	)		$	53			$	517			$	3,021
Home equity			357				-				-				53				410
Commercial real estate			5,515				(431	)			-				700				5,784
Construction and land development...			2,119				-				-				(866	)			1,253
Multifamily			848				-				-				159				1,007
Commercial business			2,009				(57	)			89				(676	)			1,365
Consumer			15				(91	)			20				113				57
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total		$	13,343			$	(608	)		$	162			$	-			$	12,897

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
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

Financing Receivable, Impairment Evaluation [Table Text Block]

(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 December 31, 2022:
Residential real estate		$	24			$	2,997			$	484,595			$	1,518			$	988			$	482,089
Home equity			3				407				38,978				294				125				38,559
Commercial real estate			13				5,771				486,431				2,392				2,935				481,104
Construction and land development...			-				1,253				108,926				-				-				108,926
Multifamily			-				1,007				251,014				6,739				382				243,893
Commercial business			297				1,068				93,278				1,758				953				90,567
Consumer			-				57				918				-				17				901
Manufactured homes			-				-				34,882				-				-				34,882
Government			-				-				9,549				-				-				9,549
Total		$	337			$	12,560			$	1,508,571			$	12,701			$	5,400			$	1,490,470

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
		December 31, 2022
(Dollars in thousands)			1-6				7				8
Loan Segment		Pass				Special mention				Substandard				Total
Residential real estate		$	477,222			$	1,338			$	6,035			$	484,595
Home equity			37,981				385				612				38,978
Commercial real estate			474,055				4,955				7,421				486,431
Construction and land development			106,580				2,346				-				108,926
Multifamily			242,091				1,859				7,064				251,014
Commercial business			90,694				703				1,881				93,278
Consumer			918				-				-				918
Manufactured homes			34,882				-				-				34,882
Government			9,549				-				-				9,549
Total		$	1,473,972			$	11,586			$	23,013			$	1,508,571

		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 twelve months ended
(unaudited)		As of December 31, 2022												December 31, 2022
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Residential real estate		$	2,255			$	3,711			$	-			$	2,528			$	202
Home equity			399				416				-				253				12
Commercial real estate			5,314				5,406				-				3,409				205
Construction and land development.			-				-				-				344				-
Multifamily			7,121				7,163				-				3,387				16
Commercial business			2,278				2,392				-				1,365				76
Consumer			17				17				-				15				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
With an allowance recorded:
Residential real estate		$	251			$	276			$	24			$	194			$	5
Home equity			20				20				3				21				1
Commercial real estate			13				14				13				678				-
Construction and land development.			-				-				-				-				-
Multifamily			-				-				-				-				-
Commercial business			433				561				297				352				13
Consumer			-				-				-				-				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total:
Residential real estate		$	2,506			$	3,987			$	24			$	2,722			$	207
Home equity		$	419			$	436			$	3			$	274			$	13
Commercial real estate		$	5,327			$	5,420			$	13			$	4,087			$	205
Construction & land development		$	-			$	-			$	-			$	344			$	-
Multifamily		$	7,121			$	7,163			$	-			$	3,387			$	16
Commercial business		$	2,711			$	2,953			$	297			$	1,717			$	89
Consumer		$	17			$	17			$	-			$	15			$	-
Manufactured homes		$	-			$	-			$	-			$	-			$	-
Government		$	-			$	-			$	-			$	-			$	-

														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 & land development			-				-				-				-				-
Multifamily			556				647				-				629				31
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 & land development			-				-				-				-				-
Multifamily			-				-				-				-				-
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
Commercial business		$	1,597			$	1,716			$	277			$	2,006			$	76
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, 2022
Residential real estate		$	3,758			$	2,520			$	2,309			$	8,587			$	476,008			$	484,595			$	166
Home equity			315				42				162				519				38,459				38,978				-
Commercial real estate			1,399				150				1,817				3,366				483,065				486,431				-
Construction and land development.			2,673				-				-				2,673				106,253				108,926				-
Multifamily			1,724				616				1,004				3,344				247,670				251,014				-
Commercial business			1,775				-				529				2,304				90,974				93,278				-
Consumer			3				-				-				3				915				918				-
Manufactured homes			601				256				82				939				33,943				34,882				82
Government			-				-				-				-				9,549				9,549				-
Total		$	12,248			$	3,584			$	5,903			$	21,735			$	1,486,836			$	1,508,571			$	248
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)
		December 31, 2022				December 31, 2021
Residential real estate		$	5,347			$	4,651
Home equity			594				623
Commercial real estate			3,242				940
Construction and land development.			-				-
Multifamily			7,064				455
Commercial business			1,881				387
Consumer			-				-
Manufactured homes			-				-
Government			-				-
Total		$	18,128			$	7,056

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

(dollars in thousands)		Total
2021		$	960
2022			1,010

(dollars in thousands)			Total
2023				541
2024				605
2025				511
2026				342
2027 and thereafter				3,494
Total			$	5,493

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