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Note 3 - Allowance for Loan Losses, Nonperforming Assets and Impaired Loans - Ratios of Allowance for Loan Losses (Details)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Ratio of allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs(2) [1] 1.05% 1.01% 0.94%
Ratio of net charge-offs to average loans, net of unearned income and deferred fees and costs(1) [2] 0.07% 0.09% 0.09%
[1] The ratio of the allowance for loan losses to the end of period loans, net of unearned income and deferred fees and costs at September 30, 2020 includes government-guaranteed SBA PPP loans, which do not require an allowance for loan losses. Excluding the PPP loans, the ratio would be 1.13%.
[2] Net charge-offs are on an annualized basis.