Note 4 - Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

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

	September 30,			December 31,
(In thousands)	2023			2022
				(As reclassified)
1-4 Family Residential Mortgage	$	132,662		$	116,269
Home Equity and Second Mortgage		59,815			57,872
Multifamily Residential		40,168			38,973
1-4 Family Residential Construction		15,936			16,575
Other Construction, Development and Land		66,629			47,632
Commercial Real Estate		171,151			161,362
Commercial Business		65,905			68,066
Other Consumer		56,659			56,768
Principal loan balance		608,925			563,517
Deferred loan origination fees and costs, net		1,180			1,213
Allowance for credit losses		(7,786	)		(6,772	)
Loans, net	$	602,319		$	557,958

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

													Other
	1-4 Family			Home Equity						1-4 Family			Construction,
	Residential			and Second			Multifamily			Residential			Development		Commercial			Commercial			Other
	Mortgage			Mortgage			Residential			Construction			and Land		Real Estate			Business			Consumer			Total
	(In thousands)
ACL on Loans:
Changes in the ACL on Loans for the three months ended September 30, 2023
Beginning balance	$	1,469		$	363		$	614		$	171		$	460	$	2,016		$	1,564		$	858		$	7,515
Provision for credit losses		70			18			(112	)		7			187		91			(219	)		248			290
Charge-offs		-			(2	)		-			-			-		-			-			(59	)		(61	)
Recoveries		6			2			-			-			-		-			-			34			42
Ending balance	$	1,545		$	381		$	502		$	178		$	647	$	2,107		$	1,345		$	1,081		$	7,786
Changes in the ACL on Loans for the nine months ended September 30, 2023
Beginning balance, prior to adoption of ASC 326	$	1,036		$	531		$	346		$	206		$	587	$	2,029		$	1,156		$	881		$	6,772
Impact of adopting ASC 326		423			(26	)		(3	)		(9	)		13		(130	)		(142	)		435			561
Provision for credit losses		96			(115	)		159			(19	)		47		208			511			(54	)		833
Charge-offs		(31	)		(11	)		-			-			-		-			(188	)		(341	)		(571	)
Recoveries		21			2			-			-			-		-			8			160			191
Ending balance	$	1,545		$	381		$	502		$	178		$	647	$	2,107		$	1,345		$	1,081		$	7,786

											Home Equity
	Residential						Commercial		Commercial		and Second		Other
	Real Estate		Land		Construction		Real Estate		Business		Mortgage		Consumer		Total
	(In thousands)
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Collectively evaluated for impairment		1,352		273		430		2,070		886		536		1,019		6,566
Acquired with deteriorated credit quality		-		-		-		-		-		-		-		-
Ending balance	$	1,352	$	273	$	430	$	2,070	$	886	$	536	$	1,019	$	6,566

											Home Equity
	Residential						Commercial		Commercial		and Second		Other
	Real Estate		Land		Construction		Real Estate		Business		Mortgage		Consumer		Total
	(In thousands)
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-	$	-	$	-	$	-	$	155	$	-	$	-	$	155
Collectively evaluated for impairment		1,383		265		526		2,031		891		530		991		6,617
Acquired with deteriorated credit quality		-		-		-		-		-		-		-		-
Ending balance	$	1,383	$	265	$	526	$	2,031	$	1,046	$	530	$	991	$	6,772

														Home Equity
	Residential								Commercial		Commercial			and Second		Other
	Real Estate			Land		Construction			Real Estate		Business			Mortgage		Consumer			Total
	(In thousands)
Allowance for loan losses:
Changes in Allowance for Loan Losses for the three months ended September 30, 2022
Beginning balance	$	1,265		$	241	$	496		$	1,991	$	888		$	533	$	980		$	6,394
Provisions for loan losses		87			32		(66	)		79		(2	)		3		42			175
Charge-offs		-			-		-			-		-			-		(77	)		(77	)
Recoveries		-			-		-			-		-			-		74			74
Ending balance	$	1,352		$	273	$	430		$	2,070	$	886		$	536	$	1,019		$	6,566
Changes in Allowance for Loan Losses for the nine months ended September 30, 2022
Beginning balance	$	1,174		$	234	$	403		$	1,884	$	873		$	527	$	988		$	6,083
Provisions for loan losses		169			39		27			186		13			7		109			550
Charge-offs		(1	)		-		-			-		(9	)		-		(277	)		(287	)
Recoveries		10			-		-			-		9			2		199			220
Ending balance	$	1,352		$	273	$	430		$	2,070	$	886		$	536	$	1,019		$	6,566

Financing Receivable, Collateral Dependent Loans [Table Text Block]

	Real						ACL
	Estate		Other		Total		Allocation
	(In thousands)
1-4 Family Residential Mortgage	$	1,705	$	-	$	1,705	$	10
Home Equity and Second Mortgage		587		-		587		-
Multifamily Residential		-		-		-		-
1-4 Family Residential Construction		-		-		-		-
Other Construction, Development and Land		52		-		52		-
Commercial Real Estate		1,068		-		1,068		-
Commercial Business		-		153		153		-
Other Consumer		-		-		-		-
	$	3,412	$	153	$	3,565	$	10

Financing Receivable, Nonaccrual [Table Text Block]

							Loans 90+ Days		Total
	Nonaccrual Loans		Nonaccrual Loans		Total		Past Due		Nonperforming
	with No ACL		with An ACL		Nonaccrual		Still Accruing		Loans
	(In thousands)
1-4 Family Residential Mortgage	$	1,088	$	36	$	1,124	$	-	$	1,124
Home Equity and Second Mortgage		457		-		457		-		457
Multifamily Residential		-		-		-		-		-
1-4 Family Residential Construction		-		-		-		-		-
Other Construction, Development and Land		52		-		52		-		52
Commercial Real Estate		-		-		-		-		-
Commercial Business		-		-		-		-		-
Other Consumer		-		-		-		-		-
Total	$	1,597	$	36	$	1,633	$	-	$	1,633

	December 31, 2022
			Loans 90+ Days		Total
	Nonaccrual		Past Due		Nonperforming
	Loans		Still Accruing		Loans
	(In thousands)
Residential	$	744	$	83	$	827
Land		51		-		51
Construction		-		-		-
Commercial real estate		81		-		81
Commercial business		155		-		155
Home equity and second mortgage		372		-		372
Other consumer		-		4		4
Total	$	1,403	$	87	$	1,490

Financing Receivable, Past Due [Table Text Block]

	30-59 Days		60-89 Days		90 Days or More		Total				Total
	Past Due		Past Due		Past Due		Past Due		Current		Loans
	(In thousands)
1-4 Family Residential Mortgage	$	1,466	$	601	$	510	$	2,577	$	130,209	$	132,786
Home Equity and Second Mortgage		211		59		-		270		60,782		61,052
Multifamily Residential		-		-		-		-		40,152		40,152
1-4 Family Residential Construction		-		-		-		-		15,936		15,936
Other Construction, Development and Land		-		-		52		52		66,537		66,589
Commercial Real Estate		103		-		-		103		170,934		171,037
Commercial Business		-		-		-		-		65,894		65,894
Other Consumer		193		31		-		224		56,435		56,659
Total	$	1,973	$	691	$	562	$	3,226	$	606,879	$	610,105

											Purchased
	30-59 Days		60-89 Days		90 Days or More		Total				Credit		Total
	Past Due		Past Due		Past Due		Past Due		Current		Impaired Loans		Loans
	(In thousands)
Residential	$	2,229	$	226	$	543	$	2,998	$	152,654	$	286	$	155,938
Land		119		-		51		170		21,827		-		21,997
Construction		-		-		-		-		42,364		-		42,364
Commercial real estate		-		-		-		-		161,675		-		161,675
Commercial business		-		-		155		155		60,821		-		60,976
Home equity and second mortgage		206		278		93		577		58,756		-		59,333
Other consumer		211		72		4		287		63,978		-		64,265
Total	$	2,765	$	576	$	846	$	4,187	$	562,075	$	286	$	566,548

Financing Receivable Credit Quality Indicators [Table Text Block]

	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving		Total
	(In thousands)
1-4 Family Residential Mortgage
Pass	$	30,516	$	32,048	$	26,593	$	7,275	$	9,747	$	24,902	$	-	$	131,081
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		48		36		-		266		231		-		581
Doubtful		-		-		196		82		-		846		-		1,124
	$	30,516	$	32,096	$	26,825	$	7,357	$	10,013	$	25,979	$	-	$	132,786
Current period gross write-offs	$	-	$	-	$	2	$	-	$	-	$	29	$	-	$	31
Home Equity and Second Mortgage
Pass	$	4,046	$	4,706	$	549	$	247	$	189	$	357	$	50,372	$	60,466
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		129		129
Doubtful		-		-		-		-		266		191		-		457
	$	4,046	$	4,706	$	549	$	247	$	455	$	548	$	50,501	$	61,052
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	11	$	11
Multifamily Residential
Pass	$	3,052	$	10,567	$	9,573	$	8,007	$	4,367	$	4,586	$	-	$	40,152
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
	$	3,052	$	10,567	$	9,573	$	8,007	$	4,367	$	4,586	$	-	$	40,152
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving		Total
	(In thousands)
1-4 Family Residential Construction
Pass	$	6,494	$	6,777	$	1,334	$	1,073	$	-	$	258	$	-	$	15,936
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
	$	6,494	$	6,777	$	1,334	$	1,073	$	-	$	258	$	-	$	15,936
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Other Construction, Development and Land
Pass	$	19,075	$	32,255	$	7,901	$	2,718	$	1,262	$	3,277	$	-	$	66,488
Special Mention		-		-		-		-		-		49		-		49
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		52		-		52
	$	19,075	$	32,255	$	7,901	$	2,718	$	1,262	$	3,378	$	-	$	66,589
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial Real Estate
Pass	$	13,027	$	40,958	$	30,565	$	21,288	$	18,502	$	41,503	$	1,862	$	167,705
Special Mention		829		-		-		399		422		64		549		2,263
Substandard		-		-		-		233		-		836		-		1,069
Doubtful		-		-		-		-		-		-		-		-
	$	13,856	$	40,958	$	30,565	$	21,920	$	18,924	$	42,403	$	2,411	$	171,037
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial Business
Pass	$	12,585	$	15,709	$	11,671	$	5,979	$	5,686	$	3,803	$	9,962	$	65,395
Special Mention		-		28		18		51		163				87		347
Substandard		-		-		-		-		41		-		111		152
Doubtful		-		-		-		-		-		-		-		-
	$	12,585	$	15,737	$	11,689	$	6,030	$	5,890	$	3,803	$	10,160	$	65,894
Current period gross write-offs	$	-	$	154	$	2	$	26	$	-	$	6	$	-	$	188

	Term Loans Amortized Cost Basis by Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving		Total
	(In thousands)
Other Consumer
Pass	$	19,945	$	15,764	$	8,897	$	3,125	$	1,163	$	5,623	$	2,049	$	56,566
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		93		93
Doubtful		-		-		-		-		-		-		-		-
	$	19,945	$	15,764	$	8,897	$	3,125	$	1,163	$	5,623	$	2,142	$	56,659
Current period gross write-offs	$	11	$	49	$	96	$	20	$	24	$	51	$	90	$	341
Total Loans
Pass	$	108,740	$	158,784	$	97,083	$	49,712	$	40,916	$	84,309	$	64,245	$	603,789
Special Mention		829		28		18		450		585		113		636		2,659
Substandard		-		48		36		233		307		1,067		333		2,024
Doubtful		-		-		196		82		266		1,089		-		1,633
	$	109,569	$	158,860	$	97,333	$	50,477	$	42,074	$	86,578	$	65,214	$	610,105
Current period gross write-offs	$	11	$	203	$	100	$	46	$	24	$	86	$	101	$	571

											Home Equity
	Residential						Commercial		Commercial		and Second		Other
	Real Estate		Land		Construction		Real Estate		Business		Mortgage		Consumer		Total
	(In thousands)
Pass	$	154,429	$	21,827	$	42,364	$	159,842	$	60,261	$	58,937	$	64,149	$	561,809
Special Mention		-		60		-		679		388		-		116		1,243
Substandard		765		59		-		1,073		172		24		-		2,093
Doubtful		744		51		-		81		155		372		-		1,403
Loss		-		-		-		-		-		-		-		-
Total	$	155,938	$	21,997	$	42,364	$	161,675	$	60,976	$	59,333	$	64,265	$	566,548

Impaired Financing Receivables [Table Text Block]

	At September 30, 2022						Three Months Ended September 30, 2022				Nine Months Ended September 30, 2022
			Unpaid				Average		Interest		Average		Interest
	Recorded		Principal		Related		Recorded		Income		Recorded		Income
	Investment		Balance		Allowance		Investment		Recognized		Investment		Recognized
	(In thousands)
Loans with no related allowance recorded:
Residential	$	894	$	1,053	$	-	$	891	$	2	$	903	$	9
Land		51		51		-		51		-		76		-
Construction		-		-		-		-		-		-		-
Commercial real estate		566		585		-		573		6		612		20
Commercial business		147		147		-		153		2		162		7
Home equity and second mortgage		315		331		-		193		-		100		-
Other consumer		-		-		-		-		-		-		-
		1,973		2,167		-		1,861		10		1,853		36
Loans with an allowance recorded:
Residential		-		-		-		15		-		14		-
Land		-		-		-		-		-		-		-
Construction		-		-		-		-		-		-		-
Commercial real estate		-		-		-		-		-		-		-
Commercial business		-		-		-		-		-		-		-
Home equity and second mortgage		-		-		-		142		-		215		-
Other consumer		-		-		-		-		-		-		-
		-		-		-		157		-		229		-
Total:
Residential		894		1,053		-		906		2		917		9
Land		51		51		-		51		-		76		-
Construction		-		-		-		-		-		-		-
Commercial real estate		566		585		-		573		6		612		20
Commercial business		147		147		-		153		2		162		7
Home equity and second mortgage		315		331		-		335		-		315		-
Other consumer		-		-		-		-		-		-		-
	$	1,973	$	2,167	$	-	$	2,018	$	10	$	2,082	$	36

			Unpaid
	Recorded		Principal		Related
	Investment		Balance		Allowance
	(In thousands)
Loans with no related allowance recorded:
Residential	$	854	$	996	$	-
Land		51		51		-
Construction		-		-		-
Commercial real estate		463		484		-
Commercial business		40		40		-
Home equity and second mortgage		372		389		-
Other consumer		-		-		-
	$	1,780	$	1,960	$	-
Loans with an allowance recorded:
Residential	$	-	$	-	$	-
Land		-		-		-
Construction		-		-		-
Commercial real estate		-		-		-
Commercial business		155		155		155
Home equity and second mortgage		-		-		-
Other consumer		-		-		-
	$	155	$	155	$	155
Total:
Residential	$	854	$	996	$	-
Land		51		51		-
Construction		-		-		-
Commercial real estate		463		484		-
Commercial business		195		195		155
Home equity and second mortgage		372		389		-
Other consumer		-		-		-
	$	1,935	$	2,115	$	155

Financing Receivable [Member]

Notes Tables

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

										Other
	1-4 Family		Home Equity					1-4 Family		Construction,
	Residential		and Second		Multifamily			Residential		Development			Commercial			Commercial			Other
	Mortgage		Mortgage		Residential			Construction		and Land			Real Estate			Business			Consumer		Total
	(In thousands)
Amortized Cost Basis in Loans:
Principal loan balance	$	132,662	$	59,815	$	40,168		$	15,936	$	66,629		$	171,151		$	65,905		$	56,659	$	608,925
Net deferred loan origination fees and costs		124		1,237		(16	)		-		(40	)		(114	)		(11	)		-		1,180
Amortized cost basis in loans	$	132,786	$	61,052	$	40,152		$	15,936	$	66,589		$	171,037		$	65,894		$	56,659	$	610,105

														Home Equity
	Residential							Commercial			Commercial			and Second		Other
	Real Estate		Land		Construction			Real Estate			Business			Mortgage		Consumer		Total
	(In thousands)
Recorded Investment in Loans:
Principal loan balance	$	153,659	$	22,377	$	32,196		$	161,296		$	54,760		$	58,596	$	64,075	$	546,959
Accrued interest receivable		453		98		66			299			129			272		220		1,537
Net deferred loan origination fees and costs		107		14		(9	)		(92	)		(12	)		1,192		-		1,200
Recorded investment in loans	$	154,219	$	22,489	$	32,253		$	161,503		$	54,877		$	60,060	$	64,295	$	549,696
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	$	894	$	51	$	-		$	566		$	147		$	315	$	-	$	1,973
Collectively evaluated for impairment		153,036		22,438		32,253			160,932			54,730			59,745		64,295		547,429
Acquired with deteriorated credit quality		289		-		-			5			-			-		-		294
Ending balance	$	154,219	$	22,489	$	32,253		$	161,503		$	54,877		$	60,060	$	64,295	$	549,696

														Home Equity
	Residential							Commercial			Commercial			and Second		Other
	Real Estate		Land		Construction			Real Estate			Business			Mortgage		Consumer		Total
	(In thousands)
Recorded Investment in Loans:
Principal loan balance	$	155,334	$	21,860	$	42,271		$	161,425		$	60,817		$	57,781	$	64,029	$	563,517
Accrued interest receivable		493		123		105			343			170			348		236		1,818
Net deferred loan origination  fees and costs		111		14		(12	)		(93	)		(11	)		1,204		-		1,213
Recorded investment in loans	$	155,938	$	21,997	$	42,364		$	161,675		$	60,976		$	59,333	$	64,265	$	566,548
Recorded Investment in Loans as Evaluated for Impairment:
Individually evaluated for impairment	$	854	$	51	$	-		$	463		$	195		$	372	$	-	$	1,935
Collectively evaluated for impairment		154,798		21,946		42,364			161,212			60,781			58,961		64,265		564,327
Acquired with deteriorated credit quality		286		-		-			-			-			-		-		286
Ending balance	$	155,938	$	21,997	$	42,364		$	161,675		$	60,976		$	59,333	$	64,265	$	566,548