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Note 4 - Loan Receivables and Allowance for Loan and Lease Losses (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

		December 31,
(In thousands)		2021				2020
Loan portfolio segment:
Commercial Real Estate		$	365,247			$	282,378
Residential Real Estate			158,591				153,851
Commercial and Industrial			122,810				144,297
Consumer and Other			59,364				67,635
Construction			21,781				66,984
Construction to Permanent - CRE			11,695				15,035
Loans receivable, gross			739,488				730,180
Allowance for loan and lease losses			(9,905	)			(10,584	)
Loans receivable, net		$	729,583			$	719,596

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Table Text Block]

(In thousands)		Year Ended December 31,
		2020				2019
Accretable discount, beginning of period		$	(47	)		$	(792	)
Accretion			2				47
Other changes, net			45				698
Accretable discount, end of period		$	-			$	(47	)

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

(In thousands)		Commercial Real Estate				Residential Real Estate				Commercial and Industrial				Consumer and Other				Construction				Construction to Permanent - CRE				Unallocated				Total
As of and for the year ended December 31, 2021
Allowance for loan and lease losses:
December 31, 2020		$	4,485			$	1,379			$	3,284			$	295			$	739			$	162			$	240			$	10,584
Charge-offs			(51	)			(3	)			(212	)			(23	)			(69	)			-				-				(358	)
Recoveries			-				3				65				111				-				-				-				179
Provisions (credits)			629				321				(605	)			(130	)			(592	)			(121	)			(2	)			(500	)
December 31, 2021		$	5,063			$	1,700			$	2,532			$	253			$	78			$	41			$	238			$	9,905
As of and for the year ended December 31, 2020
Allowance for loan and lease losses:
December 31, 2019		$	3,789			$	1,038			$	4,340			$	341			$	477			$	130			$	-			$	10,115
Charge-offs			(1,032	)			(24	)			(677	)			(45	)			-				-				-				(1,778	)
Recoveries			-				1				70				6				-				-				-				77
Provisions (credits)			1,728				364				(449	)			(7	)			262				32				240				2,170
December 31, 2020		$	4,485			$	1,379			$	3,284			$	295			$	739			$	162			$	240			$	10,584
As of and for the year ended December 31, 2019
Allowance for loan and lease losses:
December 31, 2018		$	1,866			$	1,059			$	3,558			$	641			$	350			$	108			$	27			$	7,609
Charge-offs			-				(118	)			(2,418	)			(123	)			-				-				-				(2,659	)
Recoveries			2				10				172				10				-				-				-				194
Provisions (credits)			1,921				87				3,028				(187	)			127				22				(27	)			4,971
December 31, 2019		$	3,789			$	1,038			$	4,340			$	341			$	477			$	130			$	-			$	10,115

(In thousands)		Commercial Real Estate				Residential Real Estate				Commercial and Industrial				Consumer and Other				Construction				Construction to Permanent - CRE				Unallocated				Total
December 31, 2021
Allowance for loan and lease losses:
Individually evaluated for impairment		$	1,567			$	3			$	722			$	-			$	-			$	-			$	-			$	2,292
Collectively evaluated for impairment			3,496				1,697				1,810				253				78				41				238				7,613
Total allowance for loan and lease losses		$	5,063			$	1,700			$	2,532			$	253			$	78			$	41			$	238			$	9,905
Loans receivable, gross:
Individually evaluated for impairment		$	15,704			$	2,954			$	4,031			$	523			$	-			$	-			$	-			$	23,212
Collectively evaluated for impairment			349,543				155,637				118,779				58,841				21,781				11,695				-				716,276
Total loans receivable, gross		$	365,247			$	158,591			$	122,810			$	59,364			$	21,781			$	11,695			$	-			$	739,488

(In thousands)		Commercial Real Estate				Residential Real Estate				Commercial and Industrial				Consumer and Other				Construction				Construction to Permanent - CRE				Unallocated				Total
December 31, 2020
Allowance for loan and lease losses:
Individually evaluated for impairment		$	1,398			$	4			$	-			$	10			$	-			$	-			$	-			$	1,412
Collectively evaluated for impairment			3,087				1,375				3,284				285				739				162				240				9,172
Total allowance for loan losses		$	4,485			$	1,379			$	3,284			$	295			$	739			$	162			$	240			$	10,584
Loans receivable, gross:
Individually evaluated for impairment		$	14,534			$	3,962			$	4,700			$	1,187			$	-			$	-			$	-			$	24,383
Collectively evaluated for impairment			267,844				149,889				139,597				66,448				66,984				15,035				-				705,797
Total loans receivable, gross		$	282,378			$	153,851			$	144,297			$	67,635			$	66,984			$	15,035			$	-			$	730,180

Financing Receivable, Past Due [Table Text Block]

(In thousands)		Performing (Accruing) Loans
As of December 31, 2021:		30 - 59 Days Past Due				60 - 89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Current				Total Performing Loans				Non- accruing Loans				Loans Receivable Gross
Loan portfolio segment:
Commercial Real Estate:
Pass		$	696			$	-			$	-			$	696			$	324,858			$	325,554			$	-			$	325,554
Special mention			-				-				-				-				16,625				16,625				-				16,625
Substandard			-				-				-				-				7,364				7,364				15,704				23,068
			696				-				-				696				348,847				349,543				15,704				365,247
Residential Real Estate:
Pass		$	-			$	-			$	-				-			$	154,044				154,044				-				154,044
Special mention			-				-				-				-				1,399				1,399				-				1,399
Substandard			-				-				-				-				-				-				3,148				3,148
			-				-				-				-				155,443				155,443				3,148				158,591
Commercial and Industrial:
Pass		$	243			$	-			$	-				243			$	114,306				114,549				-				114,549
Special mention			-				-				-				-				1,951				1,951				-				1,951
Substandard			-				-				-				-				2,209				2,209				4,101				6,310
			243				-				-				243				118,466				118,709				4,101				122,810
Consumer and Other:
Pass		$	-			$	26			$	2				28			$	59,171				59,199				-				59,199
Substandard			-				-				-				-				23				23				142				165
			-				26				2				28				59,194				59,222				142				59,364
Construction:
Pass		$	-			$	-			$	-				-			$	21,781				21,781				-				21,781
			-				-				-				-				21,781				21,781				-				21,781
Construction to Permanent -CRE:
Pass		$	-			$	-			$	-				-			$	11,695				11,695				-				11,695
			-				-				-				-				11,695				11,695				-				11,695
Total		$	939			$	26			$	2			$	967			$	715,426			$	716,393			$	23,095			$	739,488
Loans receivable, gross:
Pass		$	939			$	26			$	2			$	967			$	685,855			$	686,822			$	-			$	686,822
Special mention			-				-				-				-				19,975				19,975				-				19,975
Substandard			-				-				-				-				9,596				9,596				23,095				32,691
Loans receivable, gross		$	939			$	26			$	2			$	967			$	715,426			$	716,393			$	23,095			$	739,488

(In thousands)		Performing (Accruing) Loans
As of December 31, 2020:		30 - 59 Days Past Due				60 - 89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Current				Total Performing Loans				Non-accruing Loans				Loans Receivable Gross
Loan portfolio segment:
Commercial Real Estate:
Pass		$	-			$	-			$	-			$	-			$	230,824			$	230,824			$	-			$	230,824
Special mention			-				-				-				-				25,658				25,658				-				25,658
Substandard			354				-				9				363				10,999				11,362				14,534				25,896
			354				-				9				363				267,481				267,844				14,534				282,378
Residential Real Estate:
Pass			478				361				-				839				145,298				146,137				-				146,137
Special mention			-				-				-				-				3,860				3,860				-				3,860
Substandard			-				-				-				-				-				-				3,854				3,854
			478				361				-				839				149,158				149,997				3,854				153,851
Commercial and Industrial:
Pass			-				209				-				209				102,131				102,340				-				102,340
Special mention			-				4,000				-				4,000				8,881				12,881				-				12,881
Substandard			603				113				-				716				27,660				28,376				700				29,076
			603				4,322				-				4,925				138,672				143,597				700				144,297
Consumer and Other:
Pass			1				-				7				8				66,589				66,597				-				66,597
Substandard			-				-				-				-				121				121				917				1,038
			1				-				7				8				66,710				66,718				917				67,635
Construction:
Pass			-				2,351				-				2,351				64,633				66,984				-				66,984
			-				2,351				-				2,351				64,633				66,984				-				66,984
Construction to Permanent - CRE:
Pass			-				-				-				-				15,035				15,035				-				15,035
			-				-				-				-				15,035				15,035				-				15,035
Total		$	1,436			$	7,034			$	16			$	8,486			$	701,689			$	710,175			$	20,005			$	730,180
Loans receivable, gross:
Pass		$	479			$	2,921			$	7			$	3,407			$	624,510			$	627,917			$	-			$	627,917
Special mention			-				4,000				-				4,000				38,399				42,399				-				42,399
Substandard			957				113				9				1,079				38,780				39,859				20,005				59,864
Loans receivable, gross		$	1,436			$	7,034			$	16			$	8,486			$	701,689			$	710,175			$	20,005			$	730,180

Financing Receivable, Nonaccrual [Table Text Block]

(In thousands)		Non-accruing Loans
		30 - 59 Days Past Due				60 - 89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Current				Total Non-accruing Loans
As of December 31, 2021:
Loan portfolio segment:
Commercial Real Estate:
Substandard		$	-			$	-			$	15,704			$	15,704			$	-			$	15,704
Residential Real Estate:
Substandard			-				-				2,419				2,419				729				3,148
Commercial and Industrial:
Substandard			-				491				2,458				2,949				1,152				4,101
Consumer and Other:
Substandard			-				94				28				122				20				142
Total non-accruing loans		$	-			$	585			$	20,609			$	21,194			$	1,901			$	23,095
As of December 31, 2020:
Loan portfolio segment:
Commercial Real Estate:
Substandard		$	-			$	-			$	5,723			$	5,723			$	8,811			$	14,534
Residential Real Estate:
Substandard			-				-				2,884				2,884				970				3,854
Commercial and Industrial:
Substandard			-				-				700				700				-				700
Consumer and Other:
Substandard			22				-				91				113				804				917
Total non-accruing loans		$	22			$	-			$	9,398			$	9,420			$	10,585			$	20,005

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

(In thousands)		December 31, 2021								December 31, 2020
Loan portfolio segment:		Number of Loans				Recorded Investment				Number of Loans				Recorded Investment
Commercial Real Estate			1			$	8,884				2			$	9,884
Residential Real Estate			3				870				3				928
Commercial and Industrial			0				-				1				4,000
Consumer and Other			3				640				5				1,074
Total TDR Loans			7				10,394				11				15,886
Less:
TDRs included in non-accrual loans			3				(9,688	)			6				(11,508	)
Total accrual TDR Loans			4			$	706				5			$	4,378

										Outstanding Recorded Investment
(In thousands)		Number of Loans								Pre-Modification								Post-Modification
Year Ended December 31,		2020				2019				2020				2019				2020				2019
Loan portfolio segment:
Commercial Real Estate			2				2			$	822			$	8,912			$	819			$	8,911
Commercial and Industrial			1				-				4,000				-				4,000				-
Consumer and Other			3				-				413				-			$	414				-
Total TDR Loans			6				2			$	5,235			$	8,912			$	5,233			$	8,911

(In thousands)		Year Ended December 31,
		2020				2019
Rate reduction		$	4,819			$	111
Extension of interest only period			121				-
Payment deferral			293				-
Maturity and rate reduction			-				8,800
Total		$	5,233			$	8,911

Impaired Financing Receivables [Table Text Block]

(In thousands)		December 31, 2021												December 31, 2020
		Recorded Investment				Principal Outstanding				Related Allowance				Recorded Investment				Principal Outstanding				Related Allowance
With no related allowance recorded:
Commercial Real Estate		$	6,820			$	7,776			$	-			$	5,723			$	6,644			$	-
Residential Real Estate			2,847				2,763				-				3,853				3,900				-
Commercial and Industrial			630				758				-				4,700				4,816				-
Consumer and Other			523				523				-				1,177				1,332				-
			10,820				11,820				-				15,453				16,692				-
With a related allowance recorded:
Commercial Real Estate		$	8,884			$	8,811			$	1,567				8,811				8,811				1,398
Residential Real Estate			461				488				8				109				109				4
Commercial and Industrial			3,471				3,916				723				-				-				-
Consumer and Other			166				201				1				10				10				10
			12,982				13,416				2,299				8,930				8,930				1,412
Impaired Loans, Total:
Commercial Real Estate			15,704				16,587				1,567				14,534				15,455				1,398
Residential Real Estate			3,308				3,251				8				3,962				4,009				4
Commercial and Industrial			4,101				4,674				723				4,700				4,816				-
Consumer and Other			689				724				1				1,187				1,342				10
Impaired Loans, Total		$	23,802			$	25,236			$	2,299			$	24,383			$	25,622			$	1,412

		Year Ended December 31,
(In thousands)		2021								2020								2019
		Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Commercial Real Estate		$	7,636			$	103			$	5,859			$	39			$	9,829			$	95
Residential Real Estate			4,014				51				3,681				28				2,531				104
Commercial and Industrial			2,548				12				2,111				79				1,800				45
Consumer and Other			702				16				1,132				47				901				35
Construction			-				-				-				-				4,062				-
			14,900				182				12,783				193				19,123				279
With a related allowance recorded:
Commercial Real Estate			8,869				66				8,861				35				888				415
Residential Real Estate			428				21				34				7				952				-
Commercial and Industrial			2,239				126				-				-				1,714				-
Consumer and Other			106				7				39				-				18				-
			11,642				220				8,934				42				3,572				415
Impaired Loans, Total:
Commercial Real Estate			16,505				169				14,720				74				10,717				510
Residential Real Estate			4,442				72				3,715				35				3,483				104
Commercial and Industrial			4,787				138				2,111				79				3,514				45
Consumer and Other			808				23				1,171				47				919				35
Construction			-				-				-				-				4,062				-
Impaired Loans, Total		$	26,542			$	402			$	21,717			$	235			$	22,695			$	694

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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953682-111524

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