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Note 7 - Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

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

(Dollars in thousands)
		March 31, 2023				December 31, 2022
Loans secured by real estate:
Residential real estate		$	476,899			$	484,595
Home equity			39,877				38,978
Commercial real estate			484,564				486,431
Construction and land development			116,308				108,926
Multifamily			252,633				251,014
Total loans secured by real estate			1,370,281				1,369,944
Commercial business			100,652				93,278
Consumer			723				918
Manufactured homes			34,027				34,882
Government			10,646				9,549
Loans receivable			1,516,329				1,508,571
Add (less):
Net deferred loan origination costs			4,829				5,083
Undisbursed loan funds			(69	)			(23	)
Loans receivable, net of deferred fees and costs		$	1,521,089			$	1,513,631

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 and Accruing				Total Past Due and Accruing				Current				Accruing Loans				Non-accrual Loans				Total Loans Receivable
March 31, 2023
Residential real estate		$	6,602			$	434			$	489			$	7,525			$	464,246			$	471,771			$	5,128			$	476,899
Home equity			73				-				65				138				38,366				38,504				1,373				39,877
Commercial real estate			751				-				-				751				480,831				481,582				2,982				484,564
Construction and land development			358				542				-				900				115,408				116,308				-				116,308
Multifamily			760				-				-				760				244,523				245,283				7,350				252,633
Commercial business			441				795				-				1,236				96,776				98,012				2,640				100,652
Consumer			-				-				-				-				723				723				-				723
Manufactured homes			932				201				324				1,457				32,570				34,027				-				34,027
Government			-				-				-				-				10,646				10,646				-				10,646
Total		$	9,917			$	1,972			$	878			$	12,767			$	1,484,089			$	1,496,856			$	19,473			$	1,516,329
December 31, 2022
Residential real estate		$	3,758			$	2,520			$	166			$	6,444			$	472,804			$	479,248			$	5,347			$	484,595
Home equity			315				42				-				357				38,027				38,384				594				38,978
Commercial real estate			1,399				150				-				1,549				481,640				483,189				3,242				486,431
Construction and land development			2,673				-				-				2,673				106,253				108,926				-				108,926
Multifamily			1,724				616				-				2,340				241,610				243,950				7,064				251,014
Commercial business			1,775				-				-				1,775				89,622				91,397				1,881				93,278
Consumer			3				-				-				3				915				918				-				918
Manufactured homes			601				256				82				939				33,943				34,882				-				34,882
Government			-				-				-				-				9,549				9,549				-				9,549
Total		$	12,248			$	3,584			$	248			$	16,080			$	1,474,363			$	1,490,443			$	18,128			$	1,508,571

Financing Receivable Credit Quality Indicators [Table Text Block]

March 31, 2023		2023				2022				2021				2020				2019				Prior				Revolving				Revolving Converted to Term				Total
Total Loans Receivable		$	33,681			$	330,215			$	351,588			$	263,691			$	130,476			$	323,663			$	82,874			$	141			$	1,516,329
Total Current period gross writeoff		$	(19	)		$	-			$	-			$	(75	)		$	-			$	(12	)		$	-			$	-			$	(106	)
Residential real estate
Pass (1-6)		$	4,775			$	79,050			$	101,214			$	124,391			$	26,094			$	131,775			$	2,729			$	-			$	470,028
Special Mention (7)			-				-				-				-				43				703				-				-				746
Substandard (8)			-				358				261				499				376				4,631				-				-				6,125
Total		$	4,775			$	79,408			$	101,475			$	124,890			$	26,513			$	137,109			$	2,729			$	-			$	476,899
Current period gross writeoff			-				-				-				-				-				-				-				-				-
Home equity
Pass (1-6)		$	-			$	-			$	-			$	-			$	-			$	1,693			$	36,213			$	141			$	38,047
Special Mention (7)			-				-				-				-				-				128				284				-				412
Substandard (8)			-				-				-				-				185				916				317				-				1,418
Total		$	-			$	-			$	-			$	-			$	185			$	2,737			$	36,814			$	141			$	39,877
Current period gross writeoff			-				-				-				-				-				-				-				-				-
Commercial real estate
Pass (1-6)		$	6,379			$	116,935			$	107,229			$	57,713			$	59,064			$	123,857			$	3,287			$	-			$	474,464
Special Mention (7)			-				76				-				-				1,165				2,141				149				-				3,531
Substandard (8)			-				1,216				92				240				-				5,021				-				-				6,569
Total		$	6,379			$	118,227			$	107,321			$	57,953			$	60,229			$	131,019			$	3,436			$	-			$	484,564
Current period gross writeoff			-				-				-				-				-				(12	)			-				-				(12	)
Construction and land development
Pass (1-6)		$	7,667			$	52,259			$	34,588			$	1,023			$	9,018			$	634			$	6,669			$	-			$	111,858
Special Mention (7)			-				-				2,391				2,059				-				-				-				-				4,450
Substandard (8)			-				-				-				-				-				-				-				-				-
Total		$	7,667			$	52,259			$	36,979			$	3,082			$	9,018			$	634			$	6,669			$	-			$	116,308
Current period gross writeoff			-				-				-				-				-				-				-				-				-
Multifamily
Pass (1-6)		$	6,388			$	54,961			$	81,790			$	59,245			$	15,334			$	25,646			$	180			$	-			$	243,544
Special Mention (7)			-				-				-				861				-				877				-				-				1,738
Substandard (8)			-				901				-				-				6,089				361				-				-				7,351
Total		$	6,388			$	55,862			$	81,790			$	60,106			$	21,423			$	26,884			$	180			$	-			$	252,633
Current period gross writeoff			-				-				-				-				-				-				-				-				-
Commercial business
Pass (1-6)		$	6,488			$	20,333			$	8,189			$	7,261			$	6,871			$	15,140			$	32,796			$	-			$	97,078
Special Mention (7)			-				-				70				-				145				469				250				-				934
Substandard (8)			-				-				227				416				5				1,992				-				-				2,640
Total		$	6,488			$	20,333			$	8,486			$	7,677			$	7,021			$	17,601			$	33,046			$	-			$	100,652
Current period gross writeoff			-				-				-				(75	)			-				-				-				-				(75	)
Consumer
Pass (1-6)		$	94			$	132			$	175			$	18			$	31			$	273			$	-			$	-			$	723
Total		$	94			$	132			$	175			$	18			$	31			$	273			$	-			$	-			$	723
Current period gross writeoff			(19	)			-				-				-				-				-				-				-				(19	)
Manufactured homes
Pass (1-6)		$	-			$	1,994			$	13,840			$	9,965			$	6,056			$	2,172			$	-			$	-			$	34,027
Total		$	-			$	1,994			$	13,840			$	9,965			$	6,056			$	2,172			$	-			$	-			$	34,027
Current period gross writeoff			-				-				-				-				-				-				-				-				-
Government
Pass (1-6)		$	1,890			$	2,000			$	1,522			$	-			$	-			$	5,234			$	-			$	-			$	10,646
Total		$	1,890			$	2,000			$	1,522			$	-			$	-			$	5,234			$	-			$	-			$	10,646
Current period gross writeoff			-				-				-				-				-				-				-				-				-

		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

Financing Receivable, Modified [Table Text Block]

(Dollars in thousands)		Payment Delay				Term Extension				Interest Rate Reduction				Combination Term Extension and Interest Rate Reduction				% of Total Segment Financing Receivables
Residential Real Estate		$	600			$	-			$	-			$	-				0.13	%
Total		$	600			$	-			$	-			$	-				0.04	%

(Dollars in thousands)		Current				30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due
Residential Real Estate		$	224			$	-			$	-			$	376
Total		$	224			$	-			$	-			$	376

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

(dollars in thousands)		Total
2022		$	107
2023			167

(dollars in thousands)		Total
Remainder 2023			537
2024			744
2025			661
2026			462
2027 and thereafter			3,352
Total		$	5,756

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

(Dollars in thousands)		Beginning Balance				Adoption of ASC 326				PCD Gross-up				Charge-offs				Recoveries				Provisions				Ending Balance
The Bancorp's activity in the allowance for credit losses, by loan segment, is summarized below for the three months ended March 31, 2023:
Allowance for credit losses:
Residential real estate		$	3,021			$	1,688			$	31			$	-			$	52			$	(228	)		$	4,564
Home equity			410				99				533				-				-				105				1,147
Commercial real estate			5,784				1,003				443				(12	)			-				(99	)			7,119
Construction and land development			1,253				1,735				-				-				-				241				3,229
Multifamily			1,007				141				-				-				-				(89	)			1,059
Commercial business			1,365				320				5				(75	)			47				433				2,095
Consumer			57				5				17				(19	)			3				1				64
Manufactured homes			-				112				-				-				-				104				216
Government			-				55				-				-				-				20				75
Total		$	12,897			$	5,158			$	1,029			$	(106	)		$	102			$	488			$	19,568

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

Schedule of Collateral Dependent Loans [Table Text Block]

		March 31, 2023
(dollars in thousands)		Real Estate				Accounts Receivable				Other				Total				ACL Allocation
Commercial and Industrial		$	57			$	3,231			$	388			$	3,676			$	645
Commercial Real Estate			5,185				-				-				5,185				422
Multifamily			7,418				-				-				7,418				-
Total		$	12,660			$	3,231			$	388			$	16,279			$	1,067

Financing Receivable, Nonaccrual [Table Text Block]

As of March 31, 2023		Nonaccrual with No Allowance for Credit Loss				Nonaccrual				Loans Past Due over 90 Days Still Accruing
Residential real estate		$	1,323			$	3,805			$	488
Home equity			-				1,373				65
Commercial real estate			2,841				141				-
Construction and land development			-				-				-
Multifamily			7,350				-				-
Commercial business			57				2,583				-
Consumer			-				-				-
Manufactured homes			-				-				324
Government			-				-				-
Total		$	11,571			$	7,902			$	877

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 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

Impaired Financing Receivables [Table Text Block]

(Dollars in thousands)														For the three months ended,
(unaudited)		As of December 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		$	2,255			$	3,711			$	-			$	2,629			$	30
Home equity			399				416				-				255				7
Commercial real estate			5,314				5,406				-				2,188				10
Construction and land development			-				-				-				460				-
Multifamily			7,121				7,163				-				2,036				-
Commercial business			2,278				2,392				-				1,226				15
Consumer			17				17				-				11				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
With an allowance recorded:
Residential real estate		$	251			$	276			$	24			$	87			$	3
Home equity			20				20				3				22				1
Commercial real estate			13				14				13				843				-
Construction and land development			-				-				-				-				-
Multifamily			-				-				-				-				-
Commercial business			433				561				297				354				16
Consumer			-				-				-				-				-
Manufactured homes			-				-				-				-				-
Government			-				-				-				-				-
Total:
Residential real estate		$	2,506			$	3,987			$	24			$	2,716			$	33
Home equity		$	419			$	436			$	3			$	277			$	8
Commercial real estate		$	5,327			$	5,420			$	13			$	3,031			$	10
Construction & land development		$	-			$	-			$	-			$	460			$	-
Multifamily		$	7,121			$	7,163			$	-			$	2,036			$	-
Commercial business		$	2,711			$	2,953			$	297			$	1,580			$	31
Consumer		$	17			$	17			$	-			$	11			$	-
Manufactured homes		$	-			$	-			$	-			$	-			$	-
Government		$	-			$	-			$	-			$	-			$	-

Schedule of Changes in Liability for Credit Loss on Unfunded Commitments [Table Text Block]

		Three months ended,
		March 31,
(Dollars in thousands)		2023
Balance, beginning of period		$	-
Adoption of ASC 326			3,108
Provision (recovery of provision)			-
Balance, end of period		$	3,108

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