Note 6 - Allowance for Loan Losses and Impaired Loans (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

(dollars in thousands)	Construction & Development			Farmland			Residential			Commercial Mortgage			Commercial & Agricultural			Consumer & Other			Total
December 31, 2019
Allowance for loan losses:
Beginning Balance	$	246		$	385		$	1,807		$	682		$	281		$	94		$	3,495
Charge-offs		-			(13	)		(55	)		(41	)		(77	)		(212	)		(398	)
Recoveries		-			-			8			69			10			54			141
Provision		59			115			62			214			(3	)		208			655
Ending Balance	$	305		$	487		$	1,822		$	924		$	211		$	144		$	3,893
Ending balance: individually evaluated for impairment	$	-		$	-		$	-		$	-		$	-		$	-		$	-
Ending balance: collectively evaluated for impairment	$	305		$	487		$	1,822		$	924		$	211		$	144		$	3,893
Loans outstanding:
Ending Balance	$	39,649		$	34,166		$	253,674		$	190,817		$	32,426		$	19,621		$	570,353
Ending balance: individually evaluated for impairment	$	-		$	3,240		$	909		$	-		$	-		$	-		$	4,149
Ending balance: collectively evaluated for impairment	$	39,649		$	30,926		$	252,765		$	190,817		$	32,426		$	19,621		$	566,204
December 31, 2018
Allowance for loan losses:
Beginning Balance	$	239		$	358		$	1,875		$	619		$	282		$	80		$	3,453
Charge-offs		(20	)		-			(117	)		(142	)		(23	)		(175	)		(477	)
Recoveries		-			34			44			69			9			38			194
Provision		27			(7	)		5			136			13			151			325
Ending Balance	$	246		$	385		$	1,807		$	682		$	281		$	94		$	3,495
Ending balance: individually evaluated for impairment	$	-		$	29		$	12		$	-		$	-		$	-		$	41
Ending balance: collectively evaluated for impairment	$	246		$	356		$	1,795		$	682		$	281		$	94		$	3,454
Loans outstanding:
Ending Balance	$	33,449		$	33,291		$	235,689		$	176,192		$	37,491		$	20,353		$	536,465
Ending balance: individually evaluated for impairment	$	-		$	4,552		$	1,018		$	-		$	-		$	-		$	5,570
Ending balance: collectively evaluated for impairment	$	33,449		$	28,739		$	234,671		$	176,192		$	37,491		$	20,353		$	530,895

Financing Receivable Credit Quality Indicators [Table Text Block]

	Loan Grades
(dollars in thousands)	Pass		Watch		Special Mention		Substandard		Total
December 31, 2019
Real Estate Secured:
Construction & development	$	34,701	$	4,801	$	-	$	147	$	39,649
Farmland		22,969		4,059		673		6,465		34,166
Residential		231,629		19,887		176		1,982		253,674
Commercial mortgage		163,584		21,960		930		4,343		190,817
Non-Real Estate Secured:
Commercial & agricultural		27,503		4,346		103		474		32,426
Consumer & other		19,314		300		-		7		19,621
Total	$	499,700	$	55,353	$	1,882	$	13,418	$	570,353
December 31, 2018
Real Estate Secured:
Construction & development	$	31,237	$	2,044	$	147	$	21	$	33,449
Farmland		23,250		4,933		750		4,358		33,291
Residential		213,670		18,794		299		2,926		235,689
Commercial mortgage		148,179		23,468		1,212		3,333		176,192
Non-Real Estate Secured:
Commercial & agricultural		33,537		2,908		70		976		37,491
Consumer & other		18,975		1,364		-		14		20,353
Total	$	468,848	$	53,511	$	2,478	$	11,628	$	536,465

Financing Receivable, Past Due [Table Text Block]

(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans		90+ Days Past Due and Still Accruing		Nonaccrual Loans
December 31, 2019
Real Estate Secured:
Construction & development	$	-	$	-	$	10	$	10	$	39,639	$	39,649	$	-	$	10
Farmland		893		-		971		1,864		32,302		34,166		-		4,192
Residential		292		48		365		705		252,969		253,674		-		412
Commercial mortgage		185		-		-		185		190,632		190,817		-		198
Non-Real Estate Secured:
Commercial & agricultural		135		8		163		306		32,120		32,426		-		165
Consumer & other		2		6		2		10		19,611		19,621		-		2
Total	$	1,507	$	62	$	1,511	$	3,080	$	567,273	$	570,353	$	-	$	4,979
December 31, 2018
Real Estate Secured:
Construction & development	$	29	$	-	$	-	$	29	$	33,420	$	33,449	$	-	$	-
Farmland		71		100		989		1,160		32,131		33,291		-		3,914
Residential		762		145		241		1,148		234,541		235,689		-		653
Commercial mortgage		-		-		604		604		175,588		176,192		-		740
Non-Real Estate Secured:
Commercial & agricultural		7		-		264		271		37,220		37,491		-		264
Consumer & other		12		18		8		38		20,315		20,353		-		8
Total	$	881	$	263	$	2,106	$	3,250	$	533,215	$	536,465	$	-	$	5,579

Impaired Financing Receivables [Table Text Block]

(dollars in thousands)	Recorded Investment 1		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
December 31, 2019
With no related allowance recorded:
Construction & development	$	-	$	-	$	-	$	-	$	-
Farmland		3,240		3,240		-		3,505		25
Residential		909		909		-		921		40
Commercial mortgage		-		-		-		-		-
Commercial & agricultural		-		-		-		-		-
Consumer & other		-		-		-		-		-
Subtotal		4,149		4,149		-		4,426		65
With an allowance recorded:
Construction & development		72		72		3		76		6
Farmland		150		150		2		1,545		70
Residential		3,345		3,495		166		4,161		225
Commercial mortgage		11		56		1		268		11
Commercial & agricultural		31		31		1		34		2
Consumer & other		3		3		1		4		-
Subtotal		3,612		3,807		174		6,088		314
Totals:
Construction & development		72		72		3		76		6
Farmland		3,390		3,390		2		5,050		95
Residential		4,254		4,404		166		5,082		265
Commercial mortgage		11		56		1		268		11
Commercial & agricultural		31		31		1		34		2
Consumer & other		3		3		1		4		-
Total	$	7,761	$	7,956	$	174	$	10,514	$	379

(dollars in thousands)	Recorded Investment 1		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
December 31, 2018
With no related allowance recorded:
Construction & development	$	-	$	-	$	-	$	-	$	-
Farmland		3,284		3,284		-		3,523		23
Residential		85		85		-		448		13
Commercial mortgage		-		-		-		-		-
Commercial & agricultural		-		24		-		-		-
Consumer & other		-		-		-		-		-
Subtotal		3,369		3,393		-		3,971		36
With an allowance recorded:
Construction & development		69		69		4		306		11
Farmland		1,539		1,539		38		1,568		86
Residential		5,005		5,162		241		5,348		266
Commercial mortgage		275		358		15		522		27
Commercial & agricultural		37		37		2		47		3
Consumer & other		4		4		-		4		-
Subtotal		6,929		7,169		300		7,795		393
Totals:
Construction & development		69		69		4		306		11
Farmland		4,823		4,823		38		5,091		109
Residential		5,090		5,247		241		5,796		279
Commercial mortgage		275		358		15		522		27
Commercial & agricultural		37		61		2		47		3
Consumer & other		4		4		-		4		-
Total	$	10,298	$	10,562	$	300	$	11,766	$	429

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	TDRs identified during the period						TDRs identified in the last twelve months that subsequently defaulted (1)
(dollars in thousands)	Number of contracts		Pre- modification outstanding recorded investment		Post- modification outstanding recorded investment		Number of contracts		Pre- modification outstanding recorded investment		Post- modification outstanding recorded investment
December 31, 2019
Construction & development		1	$	9	$	11		-	$	-	$	-
Farmland		1		38		37		-		-		-
Residential		1		117		128		-		-		-
Commercial mortgage		-		-		-		-		-		-
Commercial & agricultural		-		-		-		-		-		-
Consumer & other		-		-		-		-		-		-
Total		3	$	164	$	176		-	$	-	$	-

	TDRs identified during the period						TDRs identified in the last twelve months that subsequently defaulted (1)
(dollars in thousands)	Number of contracts		Pre- modification outstanding recorded investment		Post- modification outstanding recorded investment		Number of contracts		Pre- modification outstanding recorded investment		Post- modification outstanding recorded investment
December 31, 2018
Construction & development		-	$	-	$	-		-	$	-	$	-
Farmland		-		-		-		-		-		-
Residential		2		80		95		-		-		-
Commercial mortgage		-		-		-		-		-		-
Commercial & agricultural		-		-		-		-		-		-
Consumer & other		1		5		4		-		-		-
Total		3	$	85	$	99		-	$	-	$	-

Schedule of Business Acquisition, Carrying Amount of Acquired Loans [Table Text Block]

(dollars in thousands)	2019		2018
Residential	$	150	$	167
Commercial mortgage		321		347
Commercial & agricultural		146		200
Outstanding balance	$	617	$	714
Carrying amount	$	617	$	714

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]

(dollars in thousands)	December 31, 2018
Contractually required payments receivable of loans purchased during the year:
Residential	$	233
Commercial mortgage		1,724
Commercial & agricultural		221
	$	2,178
Cash flows expected to be collected at acquisition	$	1,781
Fair value of acquired loans at acquisition	$	1,781

Carrying Amount of Purchased Credit Impaired Loans [Table Text Block]

(dollars in thousands)	2019		2018
Loans at beginning of year	$	714	$	-
Loans purchased during the year	$	-	$	1,781
Loans at end of period	$	617	$	714