XML 34 R23.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Note 4 - Loans and Allowance for Loan Losses (Tables)
3 Months Ended
Mar. 31, 2024
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

March 31,

  

December 31,

 

(In thousands)

 

2024

  

2023

 
         

1-4 Family Residential Mortgage

 $133,409  $133,480 

Home Equity and Second Mortgage

  59,774   62,070 

Multifamily Residential

  43,616   39,963 

1-4 Family Residential Construction

  15,920   15,667 

Other Construction, Development and Land

  78,116   76,713 

Commercial Real Estate

  174,956   168,757 

Commercial Business

  67,666   68,223 

Consumer and Other

  55,020   56,373 

Principal loan balance

  628,477   621,246 
         

Deferred loan origination fees and costs, net

  1,130   1,168 

Allowance for credit losses

  (8,230)  (8,005)
         

Loans, net

 $621,377  $614,409 
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]
  

1-4 Family

Residential

Mortgage

  

Home Equity

and Second

Mortgage

  

Multifamily

Residential

  

1-4 Family

Residential

Construction

  

Other

Construction,

Development

and Land

  

Commercial

Real Estate

  

Commercial

Business

  

Consumer

and Other

  

Total

 
  

(In thousands)

 

ACL on Loans:

                                    
                                     

Beginning balance,

 $1,490  $406  $332  $208  $804  $2,119  $1,431  $1,215  $8,005 

Provision for credit losses

  (152)  35   91   (16)  7   634   (129)  (190)  280 

Charge-offs

  (1)  -   -   -   -   -   -   (99)  (100)

Recoveries

  1   3   -   -   -   1   -   40   45 
                                     

Ending balance

 $1,338  $444  $423  $192  $811  $2,754  $1,302  $966  $8,230 
  

1-4 Family Residential Mortgage

  

Home Equity and Second

Mortgage

  

Multifamily Residential

  

1-4 Family Residential Construction

  

Other Construction, Development and Land

  

Commercial Real Estate

  

Commercial Business

  

Consumer and Other

  

Total

 
  

(In thousands)

 

ACL on Loans:

                                    
                                     

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

  (43)  (139)  38   (10)  (111)  291   220   (53)  193 

Charge-offs

  (2)  -   -   -   -   -   (155)  (118)  (275)

Recoveries

  -   -   -   -   -   -   5   67   72 
                                     

Ending balance

 $1,414  $366  $381  $187  $489  $2,190  $1,084  $1,212  $7,323 
Financing Receivable, Collateral Dependent Loans [Table Text Block]
  

March 31, 2024

  

December 31, 2023

 
  

Real

              

ACL

  

Real

          

ACL

 
  

Estate

  

Equipment

  

Other

  

Total

  

Allocation

  

Estate

  

Other

  

Total

  

Allocation

 
  

(In thousands)

  

(In thousands)

 
                                     

1-4 Family Residential Mortgage

 $1,506  $-  $-  $1,506  $-  $1,651  $-  $1,651  $9 

Home Equity and Second Mortgage

  540   -   -   540   -   548   -   548   - 

Multifamily Residential

  -   -   -   -   -   -   -   -   - 

1-4 Family Residential Construction

  86   -   -   86   49   87   -   87   60 

Other Construction, Development and Land

  54   -   -   54   -   54   -   54   - 

Commercial Real Estate

  2,632   -   -   2,632   -   1,055   -   1,055   - 

Commercial Business

  -   2,029   146   2,175   -   -   38   38   - 

Consumer and Other

  -   -   -   -   -   -   -   -   - 
  $4,818  $2,029  $146  $6,993  $49  $3,395  $38  $3,433  $69 
Financing Receivable, Nonaccrual [Table Text Block]
  

Nonaccrual Loans

with No ACL

  

Nonaccrual Loans

with An ACL

  

Total

Nonaccrual

  

Loans 90+ Days

Past Due

Still Accruing

  

Total

Nonperforming

Loans

 
  

(In thousands)

 
                     

1-4 Family Residential Mortgage

 $1,094  $-  $1,094  $-  $1,094 

Home Equity and Second Mortgage

  446   -   446   -   446 

Multifamily Residential

  -   -   -   -   - 

1-4 Family Residential Construction

  -   86   86   -   86 

Other Construction, Development and Land

  54   -   54   -   54 

Commercial Real Estate

  -   -   -   -   - 

Commercial Business

  -   -   -   -   - 

Consumer and Other

  -   -   -   -   - 
                     

Total

 $1,594  $86  $1,680  $-  $1,680 
  

Nonaccrual Loans

with No ACL

  

Nonaccrual Loans

with An ACL

  

Total

Nonaccrual

  

Loans 90+ Days

Past Due

Still Accruing

  

Total

Nonperforming

Loans

 
  

(In thousands)

 
                     

1-4 Family Residential Mortgage

 $1,120  $36  $1,156  $-  $1,156 

Home Equity and Second Mortgage

  454   -   454   -   454 

Multifamily Residential

  -   -   -   -   - 

1-4 Family Residential Construction

  -   87   87   -   87 

Other Construction, Development and Land

  54   -   54   -   54 

Commercial Real Estate

  -   -   -   -   - 

Commercial Business

  -   -   -   -   - 

Consumer and Other

  -   -   -   -   - 
                     

Total

 $1,628  $123  $1,751  $-  $1,751 
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

 $2,024  $467  $696  $3,187  $130,336  $133,523 

Home Equity and Second Mortgage

  321   24   -   345   60,647   60,992 

Multifamily Residential

  -   -   -   -   43,600   43,600 

1-4 Family Residential Construction

  -   86   -   86   15,834   15,920 

Other Construction, Development and Land

  140   -   54   194   77,885   78,079 

Commercial Real Estate

  1,145   -   -   1,145   173,672   174,817 

Commercial Business

  146   -   -   146   67,510   67,656 

Consumer and Other

  186   45   -   231   54,789   55,020 
                         

Total

 $3,962  $622  $750  $5,334  $624,273  $629,607 
  

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

 $2,104  $335  $482  $2,921  $130,680  $133,601 

Home Equity and Second Mortgage

  396   70   -   466   62,835   63,301 

Multifamily Residential

  -   -   -   -   39,946   39,946 

1-4 Family Residential Construction

  -   -   -   -   15,667   15,667 

Other Construction, Development and Land

  162   -   54   216   76,453   76,669 

Commercial Real Estate

  834   -   -   834   167,811   168,645 

Commercial Business

  -   -   -   -   68,212   68,212 

Consumer and Other

  302   51   -   353   56,020   56,373 
                         

Total

 $3,798  $456  $536  $4,790  $617,624  $622,414 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving

  

Total

 

March 31, 2024:

 

(In thousands)

 

1-4 Family Residential Mortgage

                                

Pass

 $4,599  $33,843  $29,954  $24,957  $6,675  $31,576  $-  $131,604 

Special Mention

  -   -   -   -   -   335   -   335 

Substandard

  -   -   -   -   74   416   -   490 

Doubtful

  -   -   46   159   77   812   -   1,094 
  $4,599  $33,843  $30,000  $25,116  $6,826  $33,139  $-  $133,523 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $1  $-  $1 
                                 

Home Equity and Second Mortgage

                                

Pass

 $608  $5,073  $4,172  $485  $214  $421  $49,418  $60,391 

Special Mention

  -   -   -   -   -   -   61   61 

Substandard

  -   -   -   -   -   -   94   94 

Doubtful

  -   -   -   -   -   446   -   446 
  $608  $5,073  $4,172  $485  $214  $867  $49,573  $60,992 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Multifamily Residential

                                

Pass

 $-  $3,359  $13,373  $12,660  $7,878  $6,330  $-  $43,600 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 
  $-  $3,359  $13,373  $12,660  $7,878  $6,330  $-  $43,600 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving

  

Total

 

March 31, 2024:

 

(In thousands)

 

1-4 Family Residential Construction

                                

Pass

 $1,352  $8,733  $3,671  $631  $292  $1,155  $-  $15,834 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   86   -   -   -   86 
  $1,352  $8,733  $3,671  $717  $292  $1,155  $-  $15,920 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Other Construction, Development and Land

                                

Pass

 $1,882  $31,037  $34,947  $3,900  $2,355  $3,856  $-  $77,977 

Special Mention

  -   -   -   -   -   48   -   48 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   54   -   54 
  $1,882  $31,037  $34,947  $3,900  $2,355  $3,958  $-  $78,079 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Commercial Real Estate

                                

Pass

 $8,022  $17,337  $40,382  $28,846  $19,189  $52,967  $826  $167,569 

Special Mention

  -   98   -   -   1,610   2,659   250   4,617 

Substandard

  312   719   -   568   218   814   -   2,631 

Doubtful

  -   -   -   -   -   -   -   - 
  $8,334  $18,154  $40,382  $29,414  $21,017  $56,440  $1,076  $174,817 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Commercial Business

                                

Pass

 $2,798  $14,531  $12,190  $10,301  $5,481  $8,443  $11,055  $64,799 

Special Mention

  41   65   87   98   48   158   185   682 

Substandard

  -   109   2,029   -   -   37   -   2,175 

Doubtful

  -   -   -   -   -   -   -   - 
  $2,839  $14,705  $14,306  $10,399  $5,529  $8,638  $11,240  $67,656 
                                 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving

  

Total

 

March 31, 2024:

 

(In thousands)

 

Consumer and Other

                                

Pass

 $5,509  $20,973  $12,212  $6,466  $2,003  $5,558  $2,221  $54,942 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   78   78 

Doubtful

  -   -   -   -   -   -   -   - 
  $5,509  $20,973  $12,212  $6,466  $2,003  $5,558  $2,299  $55,020 
                                 

Current period gross write-offs

 $-  $21  $43  $15  $4  $2  $14  $99 
                                 

Total Loans

                                

Pass

 $24,770  $134,886  $150,901  $88,246  $44,087  $110,306  $63,520  $616,716 

Special Mention

  41   163   87   98   1,658   3,200   496   5,743 

Substandard

  312   828   2,029   568   292   1,267   172   5,468 

Doubtful

  -   -   46   245   77   1,312   -   1,680 
  $25,123  $135,877  $153,063  $89,157  $46,114  $116,085  $64,188  $629,607 
                                 

Current period gross write-offs

 $-  $21  $43  $15  $4  $3  $14  $100 
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

December 31, 2023:

 

(In thousands)

 

1-4 Family Residential Mortgage

                                

Pass

 $34,344  $31,551  $25,846  $6,913  $9,525  $23,628  $-  $131,807 

Special Mention

  -   -   -   -   -   144   -   144 

Substandard

  -   -   -   75   265   155   -   495 

Doubtful

  -   48   192   78   -   837   -   1,155 
  $34,344  $31,599  $26,038  $7,066  $9,790  $24,764  $-  $133,601 
                                 

Home Equity and Second Mortgage

                                

Pass

 $5,267  $4,380  $529  $232  $163  $327  $51,794  $62,692 

Special Mention

  -   -   -   -   -   -   61   61 

Substandard

  -   -   -   -   -   -   94   94 

Doubtful

  -   -   -   -   264   190   -   454 
  $5,267  $4,380  $529  $232  $427  $517  $51,949  $63,301 
                                 

Multifamily Residential

                                

Pass

 $3,374  $10,495  $9,534  $7,943  $4,137  $4,463  $-  $39,946 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 
  $3,374  $10,495  $9,534  $7,943  $4,137  $4,463  $-  $39,946 
                                 

1-4 Family Residential Construction

                                

Pass

 $9,193  $4,180  $831  $1,119  $-  $257  $-  $15,580 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   87   -   -   -   -   87 
  $9,193  $4,180  $918  $1,119  $-  $257  $-  $15,667 
                                 

Other Construction, Development and Land

                                

Pass

 $26,717  $35,673  $7,495  $2,655  $1,231  $2,795  $-  $76,566 

Special Mention

  -   -   -   -   -   49   -   49 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   54   -   54 
  $26,717  $35,673  $7,495  $2,655  $1,231  $2,898  $-  $76,669 
  

Term Loans Amortized Cost Basis by Origination Year

         
  

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

December 31, 2023:

 

(In thousands)

 

Commercial Real Estate

                                

Pass

 $14,818  $40,675  $29,656  $19,589  $18,231  $38,818  $1,755  $163,542 

Special Mention

  823   -   573   1,622   417   62   550   4,047 

Substandard

  -   -   -   231   -   825   -   1,056 

Doubtful

  -   -   -   -   -   -   -   - 
  $15,641  $40,675  $30,229  $21,442  $18,648  $39,705  $2,305  $168,645 
                                 

Commercial Business

                                

Pass

 $14,717  $12,603  $11,049  $5,706  $5,312  $3,646  $12,384  $65,417 

Special Mention

  208   2,097   106   48   160   -   138   2,757 

Substandard

  -   -   -   -   38   -   -   38 

Doubtful

  -   -   -   -   -   -   -   - 
  $14,925  $14,700  $11,155  $5,754  $5,510  $3,646  $12,522  $68,212 
                                 

Consumer and Other

                                

Pass

 $23,335  $13,906  $7,662  $2,604  $846  $5,446  $2,484  $56,283 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   90   90 

Doubtful

  -   -   -   -   -   -   -   - 
  $23,335  $13,906  $7,662  $2,604  $846  $5,446  $2,574  $56,373 
                                 

Total Loans

                                

Pass

 $131,765  $153,463  $92,602  $46,761  $39,445  $79,380  $68,417  $611,833 

Special Mention

  1,031   2,097   679   1,670   577   255   749   7,058 

Substandard

  -   -   -   306   303   980   184   1,773 

Doubtful

  -   48   279   78   264   1,081   -   1,750 
  $132,796  $155,608  $93,560  $48,815  $40,589  $81,696  $69,350  $622,414 
Financing Receivable [Member]  
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

 


1-4 Family

Residential

Mortgage

  

 

Home Equity

and Second

Mortgage

  

 

Multifamily

Residential

  

 

1-4 Family

Residential

Construction

  

 

Other

Construction,

Development

and Land

  

 

Commercial

Real Estate

  

 

Commercial

Business

  

 

Consumer

and Other

  

Total

 
  

(In thousands)

 

Amortized Cost Basis in Loans:

                                    

Principal loan balance

 $133,409  $59,774  $43,616  $15,920  $78,116  $174,956  $67,666  $55,020  $628,477 
                                     

Net deferred loan origination

                                    

fees and costs

  114   1,218   (16)  -   (37)  (139)  (10)  -   1,130 
                                     

Amortized cost basis in loans

 $133,523  $60,992  $43,600  $15,920  $78,079  $174,817  $67,656  $55,020  $629,607 
  

 

1-4 Family

Residential

Mortgage

  

 

Home Equity

and Second

Mortgage

  

 

Multifamily

Residential

  

 

1-4 Family

Residential

Construction

  

 

Other

Construction,

Development

and Land

  

 

Commercial

Real Estate

  

 

Commercial

Business

  

 

Consumer

and Other

  

Total

 
  

(In thousands)

 

Amortized Cost Basis in Loans:

                                    

Principal loan balance

 $133,480  $62,070  $39,963  $15,667  $76,713  $168,757  $68,223  $56,373  $621,246 
                                     

Net deferred loan origination

                                    

fees and costs

  121   1,231   (17)  -   (44)  (112)  (11)  -   1,168 
                                     

Amortized cost basis in loans

 $133,601  $63,301  $39,946  $15,667  $76,669  $168,645  $68,212  $56,373  $622,414