Loan and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2020

Loans And Leases Receivable Disclosure [Abstract]

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

December 31

(In thousands)

2020

2019

Commercial and industrial

$

82,585

$

56,782

Construction and land development

33,514

32,841

Commercial real estate:

Owner occupied

54,033

48,860

Hotel/motel

42,900

43,719

Multifamily

40,203

44,839

Other

118,000

132,900

Total commercial real estate

255,136

270,318

Residential real estate:

Consumer mortgage

35,027

48,923

Investment property

49,127

43,652

Total residential real estate

84,154

92,575

Consumer installment

7,099

8,866

Total loans

462,488

461,382

Less: unearned income

(788)

(481)

Loans, net of unearned income

$

461,700

$

460,901

Past Due Financing Receivables [Table Text Block]

Accruing

Accruing

Total

30-89 Days

Greater than

Accruing

Non-

Total 

(In thousands)

Current

Past Due

90 days

Loans

Accrual

Loans

December 31, 2020:

Commercial and industrial

$

82,355

230

—

82,585

—

$

82,585

Construction and land development

33,453

61

—

33,514

—

33,514

Commercial real estate:

Owner occupied

54,033

—

—

54,033

—

54,033

Hotel/motel

42,900

—

—

42,900

—

42,900

Multifamily

40,203

—

—

40,203

—

40,203

Other

117,759

29

—

117,788

212

118,000

Total commercial real estate

254,895

29

—

254,924

212

255,136

Residential real estate:

Consumer mortgage

33,169

1,503

140

34,812

215

35,027

Investment property

49,014

6

—

49,020

107

49,127

Total residential real estate

82,183

1,509

140

83,832

322

84,154

Consumer installment

7,069

29

1

7,099

—

7,099

Total

$

459,955

1,858

141

461,954

534

$

462,488

December 31, 2019:

Commercial and industrial

$

56,758

24

—

56,782

—

$

56,782

Construction and land development

32,385

456

—

32,841

—

32,841

Commercial real estate:

Owner occupied

48,860

—

—

48,860

—

48,860

Hotel/motel

43,719

—

—

43,719

—

43,719

Multifamily

44,839

—

—

44,839

—

44,839

Other

132,900

—

—

132,900

—

132,900

Total commercial real estate

270,318

—

—

270,318

—

270,318

Residential real estate:

Consumer mortgage

47,151

1,585

—

48,736

187

48,923

Investment property

43,629

23

—

43,652

—

43,652

Total residential real estate

90,780

1,608

—

92,388

187

92,575

Consumer installment

8,802

64

—

8,866

—

8,866

Total

$

459,043

2,152

—

461,195

187

$

461,382

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Year ended December 31

(In thousands)

2020

2019

Beginning balance

$

4,386

$

4,790

Charged-off loans

(45)

(408)

Recovery of previously charged-off loans

177

254

Net recoveries (charge-offs)

132

(154)

Provision for loan losses

1,100

(250)

Ending balance

$

5,618

$

4,386

(in thousands)

Commercial

and industrial

Construction

and land

Development

Commercial

Real Estate

Residential

Real Estate

Consumer

Installment

Total

Balance, December 31, 2018

$

778

700

2,218

946

148

$

4,790

Charge-offs

(364)

—

—

(6)

(38)

(408)

Recoveries

117

—

1

109

27

254

Net (charge-offs) recoveries

(247)

—

1

103

(11)

(154)

Provision

46

(131)

70

(236)

1

(250)

Balance, December 31, 2019

$

577

569

2,289

813

138

$

4,386

Charge-offs

(7)

—

—

—

(38)

(45)

Recoveries

94

—

—

63

20

177

Net recoveries (charge-offs)

87

—

—

63

(18)

132

Provision

143

25

880

68

(16)

1,100

Balance, December 31, 2020

$

807

594

3,169

944

104

$

5,618

Financing Receivable Allowance for Credit Loss Additional Information [Table Text Block]

Collectively evaluated (1)

Individually evaluated (2)

Total

Allowance

Recorded

Allowance

Recorded

Allowance

Recorded

for loan

investment

for loan

investment

for loan

investment

(In thousands)

losses

in loans

losses

in loans

losses

in loans

December 31, 2020:

Commercial and industrial

$

807

82,585

—

—

807

82,585

Construction and land development

594

33,514

—

—

594

33,514

Commercial real estate

3,169

254,920

—

216

3,169

255,136

Residential real estate

944

84,047

—

107

944

84,154

Consumer installment

104

7,099

—

—

104

7,099

Total

$

5,618

462,165

—

323

5,618

462,488

December 31, 2019:

Commercial and industrial

$

577

56,683

—

99

577

56,782

Construction and land development

569

32,841

—

—

569

32,841

Commercial real estate

2,289

270,318

—

—

2,289

270,318

Residential real estate

813

92,575

—

—

813

92,575

Consumer installment

138

8,866

—

—

138

8,866

Total

$

4,386

461,283

—

99

4,386

461,382

(1) Represents loans collectively evaluated for impairment in accordance with ASC 450-20,

Loss Contingencies

(formerly FAS 5), and pursuant to amendments by ASU 2010-20 regarding allowance for unimpaired loans.

(2) Represents loans individually evaluated for impairment in accordance with ASC 310-30,

Receivables

(formerly

 FAS 114), and pursuant to amendments by ASU 2010-20 regarding allowance for impaired loans.

Financing Receivable Credit Quality Indicators [Table Text Block]

(In thousands)

 Pass

 Special

Mention

Substandard

Accruing

Nonaccrual

Total loans

December 31, 2020

Commercial and industrial

$

79,984

2,383

218

—

$

82,585

Construction and land development

33,260

—

254

—

33,514

Commercial real estate:

Owner occupied

51,265

2,627

141

—

54,033

Hotel/motel

35,084

7,816

—

—

42,900

Multifamily

36,673

3,530

—

—

40,203

Other

116,498

1,243

47

212

118,000

Total commercial real estate

239,520

15,216

188

212

255,136

Residential real estate:

Consumer mortgage

32,518

397

1,897

215

35,027

Investment property

48,501

187

332

107

49,127

Total residential real estate

81,019

584

2,229

322

84,154

Consumer installment

7,069

7

23

—

7,099

Total

$

440,852

18,190

2,912

534

$

462,488

December 31, 2019

Commercial and industrial

$

54,340

2,176

266

—

$

56,782

Construction and land development

31,798

—

1,043

—

32,841

Commercial real estate:

Owner occupied

47,865

917

78

—

48,860

Hotel/motel

43,719

—

—

—

43,719

Multifamily

44,839

—

—

—

44,839

Other

132,030

849

21

—

132,900

Total commercial real estate

268,453

1,766

99

—

270,318

Residential real estate:

Consumer mortgage

45,247

962

2,527

187

48,923

Investment property

42,331

949

372

—

43,652

Total residential real estate

87,578

1,911

2,899

187

92,575

Consumer installment

8,742

60

64

—

8,866

Total

$

450,911

5,913

4,371

187

$

461,382

Impaired Financing Receivables [Table Text Block]

December 31, 2020

(In thousands)

Unpaid 

principal 

balance (1)

Charge-offs 

and payments 

applied (2)

Recorded

investment (3)

Related

allowance

With no allowance recorded:

Commercial real estate:

Other

$

216

(4)

212

$

—

Total commercial real estate

216

(4)

212

—

Residential real estate:

Investment property

109

(2)

107

—

Total residential real estate

109

(2)

107

—

Total impaired loans

$

325

(6)

319

$

—

(1) Unpaid principal balance represents the contractual obligation due from the customer.

(2) Charge-offs and payments applied represents cumulative charge-offs taken, as well as interest payments that have been

applied against the outstanding principal balance.

(3) Recorded investment represents the unpaid principal balance less charge-offs and payments applied; it is shown before

 any related allowance for loan losses.

December 31, 2019

(In thousands)

Unpaid 

principal 

balance (1)

Charge-offs 

and payments 

applied (2)

Recorded

investment (3)

Related

allowance

With no allowance recorded:

Commercial and industrial

$

335

(236)

99

$

—

Total impaired loans

$

335

(236)

99

$

—

(1) Unpaid principal balance represents the contractual obligation due from the customer.

(2) Charge-offs and payments applied represents cumulative charge-offs taken, as well as interest payments that have been

applied against the outstanding principal balance.

(3) Recorded investment represents the unpaid principal balance less charge-offs and payments applied; it is shown before

 any related allowance for loan losses.

Schedule Of Average Impaired Financing Receivable [Table Text Block]

Year ended December 31, 2020

Year ended December 31, 2019

Average

Total interest

Average

Total interest

recorded

income

recorded

income

(In thousands)

investment

recognized

investment

recognized

Impaired loans:

Commercial and industrial

$

—

—

$

8

—

Commercial real estate:

Owner occupied

—

—

24

9

Other

116

—

—

—

Total commercial real estate

116

—

24

9

Residential real estate:

Investment property

59

—

—

—

Total residential real estate

59

—

—

—

Total 

$

175

—

$

32

9

Troubled Debt Restructurings on Financing Receivables, Accrual Status [Table Text Block]

TDRs

Related

(In thousands)

Accruing

Nonaccrual

Total

Allowance

December 31, 2020

Commercial real estate:

Other

$

—

212

212

—

Total commercial real estate

—

212

212

—

Investment property

—

107

107

—

Total residential real estate

—

107

107

—

Total 

$

—

319

319

$

—

Troubled Debt Restructuring Modifications [Table Text Block]

Pre-

Post-

modification

modification

outstanding

outstanding

Number of

recorded

recorded

($ in thousands)

contracts

investment

investment

December 31, 2020

Commercial real estate:

Other

1

$

216

216

Total commercial real estate

1

216

216

Investment property

3

111

111

Total residential real estate

3

111

111

Total 

4

$

327

327