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Note 2 - Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2024
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
  

At December 31,

 
  

2023

 
  

(Unaudited)

 

Assets from Discontinued Operations

    

Cash and cash equivalents

 $4,121 

Loans held for sale

  9,580 

Premises and equipment, net

  277 

Goodwill

  2,058 

Prepaid expenses and other assets

  3,939 

Total Assets from Discontinued Operations

 $19,975 
     

Liabilities and Stockholders Equity from Discontinued Operations

    

Liabilities from Discontinued Operations

    

Other short-term borrowings

 $5,549 

Accrued interest payable

  565 

Accrued expenses and other liabilities

  7,052 

Total Liabilities from Discontinued Operations

  13,166 

Total Stockholders Equity from Discontinued Operations

  6,809 

Total Liabilities and Stockholders Equity from Discontinued Operations

 $19,975 
  

For the Three

Months Ended

  

For the Nine

Months Ended

 
  

September 30,

  

September 30,

 
  

2024

  

2023

  

2024

  

2023

 
  

(In thousands, except for share data)

 

Interest and Dividend Income

                

Interest on loans, including fees

 $-  $145  $70  $423 

Interest and dividends on time deposits, investment securities, interest-bearing deposits with others, and Federal Home Loan Bank stock

  -   -   -   - 

Total Interest and Dividend Income

  -   145   70   423 
                 

Interest Expense

                

Interest on other borrowings

  -   434   295   1,376 

Total Interest Expense

  -   434   295   1,376 

Net Interest Loss

  -   (289)  (225)  (953)
                 

Non-Interest Income

                

Mortgage banking, equipment lending and title abstract fees

  -   281   404   1,390 

Other fees and services charges

  -   254   197   556 

Net loan servicing income

  -   801   726   3,008 

Net gain on sale of loans

  -   671   366   1,796 
Gain on sale of OCH (1)  -   -   1,378   - 

Total Non-Interest Income

  -   2,007   3,071   6,750 
                 

Non-Interest Expense

                

Salaries and employee benefits

  -   1,995   1,681   5,741 

Occupancy and equipment

  -   212   219   608 

Professional fees

  -   22   31   81 

Advertising

  -   36   146   306 

Other

  -   269   987   731 

Total Non-Interest Expense

  -   2,534   3,064   7,467 

Total net loss from discontinued operations

 $-  $(816) $(218) $(1,670)

Loss attributable to non-controlling interest

  -   (399)  (782)  (818)

Net (loss) gain from discontinued operations

 $-  $(417) $564  $(852)