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Note 3 - Loans Receivable (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

(Dollars in thousands)

        
  

December 31, 2024

  

December 31, 2023

 

Loans secured by real estate:

        

Residential real estate

 $467,293  $484,948 

Home equity

  49,758   46,599 

Commercial real estate

  551,674   503,202 

Construction and land development

  82,874   115,227 

Multifamily

  212,455   219,917 

Total loans secured by real estate

  1,364,054   1,369,893 

Commercial business

  104,246   97,386 

Consumer

  551   610 

Manufactured homes

  26,708   30,845 

Government

  11,024   10,021 

Loans receivable

  1,506,583   1,508,755 

Add:

        

Net deferred loan origination costs

  2,439   3,705 

Loan clearing funds

  (46)  135 

Loans receivable, net of deferred fees and costs

 $1,508,976  $1,512,595 
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

and Accruing

  

Current

  

Accruing

Loans

  

Non-accrual

Loans

  

Total Loans

Receivable

 

December 31, 2024

                                

Residential real estate

 $4,423  $1,184  $-  $5,607  $457,021  $462,628  $4,665  $467,293 

Home equity

  1,002   123   -   1,125   48,150   49,275   483   49,758 

Commercial real estate

  4,556   571   -   5,127   545,267   550,394   1,280   551,674 

Construction and land development

  2,039   -   -   2,039   80,177   82,216   658   82,874 

Multifamily

  1,961   359   -   2,320   206,773   209,093   3,362   212,455 

Commercial business

  493   508   -   1,001   99,955   100,956   3,290   104,246 

Consumer

  5   -   -   5   546   551   -   551 

Manufactured homes

  428   54   -   482   26,226   26,708   -   26,708 

Government

  -   -   -   -   11,024   11,024   -   11,024 

Total

 $14,907  $2,799  $-  $17,706  $1,475,139  $1,492,845  $13,738  $1,506,583 
                                 

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 
Financing Receivable Credit Quality Indicators [Table Text Block]

December 31, 2024

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving

  

Revolving

Converted to

Term

  

Total

 

Total Loans Receivable

 $124,670  $143,098  $291,855  $308,352  $211,268  $324,738  $102,602  $-  $1,506,583 

Total current period gross charge-off

 $(64) $-  $(1,010) $(125) $(2) $(1,267) $-  $-  $(2,468)
                                     

Residential real estate

                                    

Pass (1-6)

 $13,118  $30,947  $90,324  $99,390  $102,552  $119,449  $2,468  $-  $458,248 

Special Mention (7)

  -   371   365   1,064   554   1,937   -   -   4,291 

Substandard (8)

  -   539   1,161   601   510   1,943   -   -   4,754 

Total

 $13,118  $31,857  $91,850  $101,055  $103,616  $123,329  $2,468  $-  $467,293 

Current period gross charge-off

  -   -   -   -   -   (28)  -   -   (28)
                                     

Home equity

                                    

Pass (1-6)

 $193  $68  $153  $110  $-  $3,342  $44,943  $-  $48,809 

Special Mention (7)

  -   132   -   -   3   15   309   -   459 

Substandard (8)

  26   -   138   -   -   218   108   -   490 

Total

 $219  $200  $291  $110  $3  $3,575  $45,360  $-  $49,758 

Current period gross charge-off

  -   -   -   -   -   -   -   -   - 
                                     

Commercial real estate

                                    

Pass (1-6)

 $49,861  $67,290  $123,342  $96,206  $53,864  $148,529  $2,976  $-  $542,068 

Special Mention (7)

  974   -   1,036   2,375   668   2,930   25   -   8,008 

Substandard (8)

  -   -   -   -   202   1,396   -   -   1,598 

Total

 $50,835  $67,290  $124,378  $98,581  $54,734  $152,855  $3,001  $-  $551,674 

Current period gross charge-off

  -   -   -   -   -   -   -   -   - 
                                     

Construction and land development

                                    

Pass (1-6)

 $34,599  $24,360  $3,732  $7,867  $224  $820  $5,312  $-  $76,914 

Special Mention (7)

  -   -   -   1,207   2,468   -   -   -   3,675 

Substandard (8)

  -   1,018   -   1,267   -   -   -   -   2,285 

Total

 $34,599  $25,378  $3,732  $10,341  $2,692  $820  $5,312  $-  $82,874 

Current period gross charge-off

  -   -   -   -   -   -   -   -   - 
                                     

Multifamily

                                    

Pass (1-6)

 $6,398  $8,923  $56,771  $74,716  $36,075  $20,066  $627  $-  $203,576 

Special Mention (7)

  -   -   780   3,332   1,217   -   -   -   5,329 

Substandard (8)

  -   -   446   1,219   1,516   369   -   -   3,550 

Total

 $6,398  $8,923  $57,997  $79,267  $38,808  $20,435  $627  $-  $212,455 

Current period gross charge-off

  -   -   -   (125)  -   -   -   -   (125)
                                     

Commercial business

                                    

Pass (1-6)

 $14,655  $8,123  $9,441  $6,094  $3,653  $11,416  $44,046  $-  $97,428 

Special Mention (7)

  -   25   978   39   -   800   1,686   -   3,528 

Substandard (8)

  -   1,139   80   171   177   1,621   102   -   3,290 

Total

 $14,655  $9,287  $10,499  $6,304  $3,830  $13,837  $45,834  $-  $104,246 

Current period gross charge-off

  -   -   (1,010)  -   -   (1,239)  -   -   (2,249)
                                     

Consumer

                                    

Pass (1-6)

 $301  $163  $34  $51  $-  $2  $-  $-  $551 

Substandard (8)

  -   -   -   -   -   -   -   -   - 

Total

 $301  $163  $34  $51  $-  $2  $-  $-  $551 

Current period gross charge-off

  (64)  -   -   -   (2)  -   -   -   (66)
                                     

Manufactured homes

                                    

Pass (1-6)

 $-  $-  $1,634  $11,360  $7,559  $6,101  $-  $-  $26,654 

Substandard (8)

  -   -   -   28   26   -   -   -   54 

Total

 $-  $-  $1,634  $11,388  $7,585  $6,101  $-  $-  $26,708 

Current period gross charge-off

  -   -   -   -   -   -   -   -   - 
                                     

Government

                                    

Pass (1-6)

 $4,545  $-  $1,440  $1,255  $-  $3,784  $-  $-  $11,024 

Total

 $4,545  $-  $1,440  $1,255  $-  $3,784  $-  $-  $11,024 

Current period gross charge-off

  -   -   -   -   -   -   -   -   - 

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 

Substandard (8)

  -   -   -   -   -   -   -   -   - 

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

  -   -   -   -   -   -   -   -   - 
Financing Receivable, Modified [Table Text Block]
  

For the twelve months ended December 31, 2024

 

(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

 $528  $1,115  $-  $-   0.35%

Home Equity

  41   -   -   -   0.01%

Total

 $569  $1,115  $-  $-   0.11%
  

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%
  

For the year ended December 31, 2024

 

(Dollars in thousands)

 

Current

  

30-59 Days

Past Due

  

60-89

Days Past

Due

  

Greater Than 90

Days Past Due

 

Residential Real Estate

 $545  $570  $-  $528 

Home Equity

  -   -   -   41 

Total

 $545  $570  $-  $569 
  

For the year ended December 31, 2023

 

(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

 

2023

 $1,078 

2024

  799 

(Dollars in thousands)

 

Total

 

2025

 $643 

2026

  474 

2027

  305 

2028

  290 

2029

  253 

2030 and thereafter

  2,440 

Total

 $4,405 
Financing Receivable, Allowance for Credit Loss [Table Text Block]

(Dollars in thousands)

 

Beginning Balance

  

Charge-offs

  

Recoveries

  

Provisions

  

Ending Balance

 
                     

Allowance for credit losses:

                    

Residential real estate

 $3,984  $(28) $44  $481  $4,481 

Home equity

  698   -   -   137   835 

Commercial real estate

  7,045   -   5   (606)  6,444 

Construction and land development

  4,206   -   -   (1,555)  2,651 

Multifamily

  933   (125)  31   164   1,003 

Commercial business

  1,649   (2,249)  310   1,475   1,185 

Consumer

  7   (66)  22   42   5 

Manufactured homes

  181   -   -   71   252 

Government

  65   -   -   (10)  55 

Total

 $18,768  $(2,468) $412  $199  $16,911 

(Dollars in thousands)

 

Beginning Balance

  

Charge-offs

  

Recoveries

  

Provisions

  

Ending Balance

 
                     

Allowance for credit losses:

                    

Residential real estate

 $5,244  $(997) $149  $(412) $3,984 

Home equity

  538   (43)  -   203   698 

Commercial real estate

  7,230   (372)  3   184   7,045 

Construction and land development

  2,988   -   -   1,218   4,206 

Multifamily

  1,148   -   131   (346)  933 

Commercial business

  1,690   (1,064)  265   758   1,649 

Consumer

  79   (95)  15   8   7 

Manufactured homes

  112   -   -   69   181 

Government

  55   -   -   10   65 

Total

 $19,084  $(2,571) $563  $1,692  $18,768 
Schedule of Collateral Dependent Loans [Table Text Block]

(Dollars in thousands)

 

December 31, 2024

     
                         
  

Real Estate

  

Equipment/Inventory

  

Accounts Receivable

  

Vehicles

  

Total

  

ACL Allocation

 

Residential real estate

 $3,012  $-  $-  $-  $3,012  $50 

Home equity

  219   -   -   -   219   - 

Commercial real estate

  1,598   -   -   -   1,598   43 

Construction and land development

  2,285   -   -   -   2,285   - 

Multifamily

  3,550   -   -   -   3,550   - 

Commercial business

  712   1,399   1,428   144   3,683   191 
  $11,376  $1,399  $1,428  $144  $14,347  $284 

(Dollars in thousands)

 

December 31, 2023

     
                         
  

Real Estate

  

Equipment/Inventory

  

Accounts Receivable

  

Vehicles

  

Total

  

ACL Allocation

 

Residential real estate

 $30  $-  $-  $-  $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  $10,147  $906 
Financing Receivable, Nonaccrual [Table Text Block]

As of December 31, 2024
(Dollars in thousands)

 

Nonaccrual with

No Allowance for

Credit Loss

  

Nonaccrual with

Allowance for

Credit Loss

  

Nonaccrual Loans

in Total

  

Loans Past Due

over 90 Days Still

Accruing

 

Residential real estate

 $1,514  $3,150   4,664  $- 

Home equity

  179   304   483   - 

Commercial real estate

  1,078   202   1,280   - 

Construction and land development

  659   -   659   - 

Multifamily

  3,362   -   3,362   - 

Commercial business

  3,099   191   3,290   - 

Total

 $9,891  $3,847  $13,738  $- 

As of December 31, 2023
(Dollars in thousands)

 

Nonaccrual with

No Allowance for

Credit Loss

  

Nonaccrual with

Allowance for

Credit Loss

  

Nonaccrual Loans

in Total

  

Loans Past Due

over 90 Days Still

Accruing

 

Residential real estate

 $442  $1,251  $1,693  $1,131 

Home equity

  161   307   468   - 

Commercial real estate

  603   230   833   712 

Multifamily

  2,357   1,358   3,715   - 

Commercial business

  1,724   1,173   2,897   - 

Consumer

  -   2   2   - 

Total

 $5,287  $4,321  $9,608  $1,843 
Schedule of Changes in Liability for Credit Loss on Unfunded Commitments [Table Text Block]
  

For the year ended

  

For the year ended

 

(Dollars in thousands)

 

December 31, 2024

  

December 31, 2023

 

Balance, beginning of period

 $3,441  $3,108 

Provision (Release)

  (702)  333 

Balance, end of period

 $2,739  $3,441