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Note 4 - Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

(Dollars in thousands)
		December 31, 2023				December 31, 2022
Loans secured by real estate:
Residential real estate		$	484,948			$	484,595
Home equity			46,599				38,978
Commercial real estate			503,202				486,431
Construction and land development			115,227				108,926
Multifamily			219,917				251,014
Total loans secured by real estate			1,369,893				1,369,944
Commercial business			97,386				93,278
Consumer			610				918
Manufactured homes			30,845				34,882
Government			10,021				9,549
Loans receivable			1,508,755				1,508,571
Add (less):
Net deferred loan origination costs			3,705				5,083
Undisbursed loan funds			135				(23	)
Loans receivable, net of deferred fees and costs		$	1,512,595			$	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
December 31, 2023
Residential real estate		$	5,857			$	4,362			$	1,131			$	11,350			$	471,905			$	483,255			$	1,693			$	484,948
Home equity			226				18				-				244				45,887				46,131				468				46,599
Commercial real estate			3,168				262				712				4,142				498,227				502,369				833				503,202
Construction and land development.			2,523				-				-				2,523				112,704				115,227				-				115,227
Multifamily			5,333				-				-				5,333				210,869				216,202				3,715				219,917
Commercial business			105				29				-				134				94,355				94,489				2,897				97,386
Consumer			12				-				-				12				596				608				2				610
Manufactured homes			634				379				-				1,013				29,832				30,845				-				30,845
Government			-				-				-				-				10,021				10,021				-				10,021
Total		$	17,858			$	5,050			$	1,843			$	24,751			$	1,474,396			$	1,499,147			$	9,608			$	1,508,755
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]

December 31, 2023		2023				2022				2021				2020				2019				Prior				Revolving				Revolving Converted to Term				Total
Total Loans Receivable		$	148,105			$	323,820			$	321,183			$	234,861			$	108,683			$	274,027			$	94,893			$	3,183			$	1,508,755
Total current period gross charge-off		$	(95	)		$	(150	)		$	-			$	(367	)		$	(50	)		$	(1,882	)		$	(27	)		$	-				(2,571	)
Residential real estate
Pass (1-6)		$	20,740			$	97,671			$	106,778			$	115,001			$	23,873			$	113,987			$	1,716			$	-			$	479,766
Special Mention (7)			405				-				473				173				431				1,602				-				-				3,084
Substandard (8)			-				786				152				471				217				472				-				-				2,098
Total		$	21,145			$	98,457			$	107,403			$	115,645			$	24,521			$	116,061			$	1,716			$	-			$	484,948
Current period gross charge-off			-				(40	)			-				(25	)			(39	)			(893	)			-				-				(997	)
Home equity
Pass (1-6)		$	110			$	114			$	101			$	14			$	61			$	2,051			$	42,801			$	700			$	45,952
Special Mention (7)			-				-				-				-				4				31				70				63				168
Substandard (8)			-				161				-				-				-				67				251				-				479
Total		$	110			$	275			$	101			$	14			$	65			$	2,149			$	43,122			$	763			$	46,599
Current period gross charge-off			-				-				-				-				-				(16	)			(27	)			-				(43	)
Commercial real estate
Pass (1-6)		$	52,880			$	127,607			$	90,108			$	55,236			$	56,255			$	108,489			$	2,649			$	-			$	493,224
Special Mention (7)			-				69				2,429				1,274				1,123				2,397				142				-				7,434
Substandard (8)			-				-				-				230				-				2,314				-				-				2,544
Total		$	52,880			$	127,676			$	92,537			$	56,740			$	57,378			$	113,200			$	2,791			$	-			$	503,202
Current period gross charge-off			-				-				-				-				-				(372	)			-				-				(372	)
Construction and land development
Pass (1-6)		$	48,518			$	24,948			$	13,411			$	1,732			$	4,284			$	473			$	12,539			$	2,420			$	108,325
Special Mention (7)			365				76				4,205				2,256				-				-				-				-				6,902
Total		$	48,883			$	25,024			$	17,616			$	3,988			$	4,284			$	473			$	12,539			$	2,420			$	115,227
Current period gross charge-off			-				-				-				-				-				-				-				-				-
Multifamily
Pass (1-6)		$	9,333			$	53,493			$	78,122			$	41,773			$	13,156			$	19,609			$	186			$	-			$	215,672
Substandard (8)			-				-				1,666				1,562				-				1,017				-				-				4,245
Total		$	9,333			$	53,493			$	79,788			$	43,335			$	13,156			$	20,626			$	186			$	-			$	219,917
Current period gross charge-off			-				-				-				-				-				-				-				-				-
Commercial business
Pass (1-6)		$	13,110			$	13,774			$	9,327			$	5,705			$	4,105			$	12,905			$	33,954			$	-			$	92,880
Special Mention (7)			373				197				58				-				129				436				417				-				1,610
Substandard (8)			43				1,094				256				214				-				1,121				168				-				2,896
Total		$	13,526			$	15,065			$	9,641			$	5,919			$	4,234			$	14,462			$	34,539			$	-			$	97,386
Current period gross charge-off			-				(110	)			-				(342	)			(11	)			(601	)			-				-				(1,064	)
Consumer
Pass (1-6)		$	338			$	73			$	108			$	4			$	14			$	71			$	-			$	-			$	608
Substandard (8)			-				-				-				2				-				-				-				-				2
Total		$	338			$	73			$	108			$	6			$	14			$	71			$	-			$	-			$	610
Current period gross charge-off			(95	)			-				-				-				-				-				-				-				(95	)
Manufactured homes
Pass (1-6)		$	-			$	1,942			$	12,556			$	9,214			$	5,031			$	2,102			$	-			$	-			$	30,845
Total		$	-			$	1,942			$	12,556			$	9,214			$	5,031			$	2,102			$	-			$	-			$	30,845
Current period gross charge-off			-				-				-				-				-				-				-				-				-
Government
Pass (1-6)		$	1,890			$	1,815			$	1,433			$	-			$	-			$	4,883			$	-			$	-			$	10,021
Total		$	1,890			$	1,815			$	1,433			$	-			$	-			$	4,883			$	-			$	-			$	10,021
Current period gross charge-off			-				-				-				-				-				-				-				-				-

		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]

		For the year ended December 31, 2023
(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		$	-			$	868			$	-			$	-				0.18	%
Total		$	-			$	868			$	-			$	-				0.06	%

(Dollars in thousands)		Current				30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due
Residential Real Estate		$	868			$	-			$	-			$	-
Total		$	868			$	-			$	-			$	-

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

(dollars in thousands)		Total
2022		$	1,010
2023			1,078

(dollars in thousands)		Total
2024		$	673
2025			667
2026			484
2027			313
2028 and thereafter			3,068
Total		$	5,205

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 twelve months ended December 31, 2023:
Allowance for credit losses:
Residential real estate		$	3,021			$	1,688			$	535			$	(997	)		$	149			$	(412	)		$	3,984
Home equity			410				99				29				(43	)			-				203				698
Commercial real estate			5,784				1,003				443				(372	)			3				184				7,045
Construction and land development			1,253				1,735				-				-				-				1,218				4,206
Multifamily			1,007				141				-				-				131				(346	)			933
Commercial business			1,365				320				5				(1,064	)			265				758				1,649
Consumer			57				5				17				(95	)			15				8				7
Manufactured homes			-				112				-				-				-				69				181
Government			-				55				-				-				-				10				65
Total		$	12,897			$	5,158			$	1,029			$	(2,571	)		$	563			$	1,692			$	18,768

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

Schedule of Collateral Dependent Loans [Table Text Block]

(Dollars in thousands)		December 31, 2023
		Real Estate				Equipment/Inventory				Accounts Receivable				Other				Total				ACL Allocation
Residential real estate		$	30			$	-			$	-			$	-			$	-			$	30
Commercial real estate			2,541				-				-				-				2,541				53
Multifamily			4,244				-				-				-				4,244				85
Commercial business			-				1,583				1,557				192				3,332				738
		$	6,815			$	1,583			$	1,557			$	192			$	10,117			$	906

Financing Receivable, Nonaccrual [Table Text Block]

As of December 31, 2023		Nonaccrual with No Allowance for Credit Loss				Nonaccrual				Loans Past Due over 90 Days Still Accruing
Residential real estate		$	442			$	1,251			$	1,131
Home equity			161				307				-
Commercial real estate			603				230				712
Construction and land development			-				-				-
Multifamily			2,357				1,358				-
Commercial business			1,724				1,173				-
Consumer			-				2				-
Manufactured homes			-				-				-
Government			-				-				-
Total		$	5,287			$	4,321			$	1,843

		December 31, 2023
(dollars in thousands)		Interest income recognized during the period on nonaccrual loans
Residential real estate		$	173
Home equity			19
Commercial real estate			70
Construction and land development			9
Multifamily			31
Commercial business			156
Consumer			2
Total		$	460

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]

														For the twelve months ended
		As of December 31, 2022												December 31, 2022
(Dollars in thousands)		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 & land development			-				-				-				344				-
Multifamily			7,121				7,163				-				3,387				16
Farmland			-				-				-				-				-
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 & land development			-				-				-				-				-
Multifamily			-				-				-				-				-
Farmland			-				-				-				-				-
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
Farmland		$	-			$	-			$	-			$	-			$	-
Commercial business		$	2,711			$	2,953			$	297			$	1,717			$	89
Consumer		$	17			$	17			$	-			$	15			$	-
Manufactured homes		$	-			$	-			$	-			$	-			$	-
Government		$	-			$	-			$	-			$	-			$	-

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

		Year ended,
		December 31,
(Dollars in thousands)		2023
Balance, beginning of period		$	-
Adoption of ASC 326			3,108
Provision			333
Balance, end of period		$	3,441

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-Topic 326
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-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

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-Section 50
-Paragraph 15
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-URI https://asc.fasb.org//1943274/2147481962/310-10-50-15

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
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-Name Accounting Standards Codification
-Section 50
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