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Note 2 - Loans and Allowance for Credit Losses (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

March 31,

2023

  

December 31,

2022

 

Real estate construction

 $54,052  $54,579 

Consumer real estate

  223,438   221,052 

Commercial real estate

  438,843   437,888 

Commercial non real estate

  60,516   57,652 

Public sector and IDA

  47,359   48,074 

Consumer non real estate

  33,188   33,948 

Gross loans

  857,396   853,193 

Less unearned income and deferred fees and costs

  (431

)

  (449

)

Loans, net of unearned income and deferred fees and costs

 $856,965  $852,744 

Allowance for credit losses on loans

  (10,650

)

  (8,225

)

Total loans, net

 $846,315  $844,519 
Financing Receivable, Past Due [Table Text Block]
  

March 31, 2023

 
  

Accruing

Current

Loans

  

Accruing

Loans

30 89 Days

Past Due

  

Accruing

Loans

90 or More

Days Past

Due

  

Nonaccrual

Loans

  

Total Loans

  

Accruing

and

Nonaccrual

90 or More

Days Past

Due

 

Real Estate Construction

                        

Construction, 1-4 family residential

 $13,143  $-  $-  $-  $13,143  $- 

Construction, other

  40,909   -   -   -   40,909   - 

Consumer Real Estate

                        

Equity line

  14,503   23   -   -   14,526   - 

Residential closed-end first liens

  121,466   836   27   90   122,419   117 

Residential closed-end junior liens

  2,476   -   -   -   2,476   - 

Investor-owned residential real estate

  83,924   93   -   -   84,017   - 

Commercial Real Estate

                        

Multifamily residential real estate

  131,952   -   -   -   131,952   - 

Commercial real estate owner-occupied

  124,882   8   -   2,472   127,362   247 

Commercial real estate, other

  179,529   -   -   -   179,529   1 

Commercial Non Real Estate

                        

Commercial and industrial

  60,201   62   1   252   60,516   - 

Public Sector and IDA

                        

States and political subdivisions

  47,359   -   -   -   47,359   - 

Consumer Non-Real Estate

                        

Credit cards

  4,557   5   1   -   4,563   1 

Automobile

  10,328   75   -   -   10,403   - 

Other consumer loans

  18,146   72   4   -   18,222   4 

Total

 $853,375  $1,174  $33  $2,814  $857,396  $370 
  

December 31, 2022

 
  

Accruing

Current

Loans

  

Accruing

Loans

30 89 Days

Past Due

  

Accruing

Loans

90 or More

Days Past

Due

  

Nonaccrual

Loans

  

Total Loans

  

Accruing

and

Nonaccrual

90 or More

Days Past

Due

 

Real Estate Construction

                        

Construction, 1-4 family residential

 $12,538  $-  $-  $-  $12,538  $- 

Construction, other

  42,041   -   -   -   42,041   - 

Consumer Real Estate

                        

Equity line

  15,010   16   -   -   15,026   - 

Residential closed-end first liens

  121,807   750   -   91   122,648   91 

Residential closed-end junior liens

  2,446   -   -   -   2,446   - 

Investor-owned residential real estate

  80,524   408   -   -   80,932   - 

Commercial Real Estate

                        

Multifamily residential real estate

  127,312   -   -   -   127,312   - 

Commercial real estate owner-occupied

  126,640   -   -   2,493   129,133   252 

Commercial real estate, other

  181,443   -   -   -   181,443   - 

Commercial Non Real Estate

                        

Commercial and industrial

  57,373   16   -   263   57,652   - 

Public Sector and IDA

                        

States and political subdivisions

  48,074   -   -   -   48,074   - 

Consumer Non-Real Estate

                        

Credit cards

  4,592   3   2   -   4,597   2 

Automobile

  9,833   102   -   -   9,935   - 

Other consumer loans

  19,317   93   6   -   19,416   6 

Total

 $848,950  $1,388  $8  $2,847  $853,193  $351 
  

CECL

  

Incurred Loss

 
  

March 31, 2023

  

December 31, 2022

 
  

Nonaccrual Loans

  

Nonaccrual Loans

 
  

With No

Allowance

  

With an

Allowance

  

Total

    

Consumer Real Estate

                

Residential closed-end first liens

 $-  $90  $90  $91 

Commercial Real Estate

                

Commercial real estate owner-occupied

  -   2,472   2,472   2,493 

Commercial Non Real Estate

                

Commercial and industrial

  -   252   252   263 

Total

 $-  $2,814  $2,814  $2,847 
Summary of Past Due 90 Days Loans or More and Impaired Loans [Table Text Block]
  

March 31,

  

December 31,

 
  

2023

  

2022

  

2022

 

Ratio of ACLL to nonaccrual loans

  378.46

%

  272.12

%

  288.90

%

Ratio of loans past due 90 days or more and still accruing to loans, net of unearned income and deferred fees and costs

  0.00

%

  0.05

%

  0.00

%

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

Activity in the Allowance for Credit Losses on Loans for the Three Months Ended March 31, 2023

 
  

Real Estate

Construction

  

Consumer

Real Estate

  

Commercial

Real Estate

  

Commercial

Non Real

Estate

  

Public

Sector and

IDA

  

Consumer Non

Real Estate

  

Unallocated

  

Total

 

Balance, Dec. 31, 2022

 $450  $2,199  $3,642  $930  $319  $506  $179  $8,225 

Adoption of ASU 2016-13

  (21

)

  1,261   700   216   (15

)

  72   129   2,342 

Charge-offs

  -   -   -   (12

)

  -   (80

)

  -   (92

)

Recoveries

  -   102   12   2   -   57   -   173 

Provision for (recovery of) credit losses

  22   (260

)

  20   58   (10

)

  -   172   2 

Balance, March 31, 2023

 $451  $3,302  $4,374  $1,194  $294  $555  $480  $10,650 
  

Activity in the Allowance for Loan Losses for the Three Months Ended March 31, 2022

 
  

Real Estate

Construction

  

Consumer

Real Estate

  

Commercial

Real Estate

  

Commercial

Non Real

Estate

  

Public

Sector and

IDA

  

Consumer Non

Real Estate

  

Unallocated

  

Total

 

Balance, Dec. 31, 2021

 $422  $1,930  $3,121  $1,099  $297  $444  $361  $7,674 

Charge-offs

  -   -   -   -   -   (60

)

  -   (60

)

Recoveries

  -   -   12   3   -   25   -   40 

Provision for (recovery of) loan losses

  171   5   290   (158

)

  10   6   (190

)

  134 

Balance, March, 31, 2022

 $593  $1,935  $3,423  $944  $307  $415  $171  $7,788 
  

Activity in the Allowance for Loan Losses for the Year Ended December 31, 2022

 
  

Real Estate

Construction

  

Consumer

Real Estate

  

Commercial

Real Estate

  

Commercial

Non Real

Estate

  

Public

Sector and

IDA

  

Consumer Non

Real Estate

  

Unallocated

  

Total

 

Balance, Dec. 31, 2021

 $422  $1,930  $3,121  $1,099  $297  $444  $361  $7,674 

Charge-offs

  -   (13

)

  -   (2

)

  -   (352

)

  -   (367

)

Recoveries

  -   29   49   11   -   123   -   212 

Provision for (recovery of) loan losses

  28   253   472   (178

)

  22   291   (182

)

  706 

Balance, Dec. 31, 2022

 $450  $2,199  $3,642  $930  $319  $506  $179  $8,225 
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]
  

Allowance for Credit Losses on Loans as of March 31, 2023

 
  

Real Estate

Construction

  

Consumer

Real Estate

  

Commercial

Real Estate

  

Commercial

Non Real

Estate

  

Public

Sector and

IDA

  

Consumer Non

Real Estate

  

Unallocated

  

Total

 

Individually evaluated

 $1  $84  $201  $148  $-  $-  $-  $434 

Collectively evaluated

  450   3,218   4,173   1,046   294   555   480   10,216 

Total

 $451  $3,302  $4,374  $1,194  $294  $555  $480  $10,650 
  

Allowance for Loan Losses as of December 31, 2022

 
  

Real Estate

Construction

  

Consumer

Real Estate

  

Commercial

Real Estate

  

Commercial

Non Real

Estate

  

Public

Sector and

IDA

  

Consumer Non-

Real Estate

  

Unallocated

  

Total

 

Individually evaluated

 $-  $-  $-  $-  $-  $-  $-  $- 

Collectively evaluated

  450   2,199   3,642   930   319   506   179   8,225 

Total

 $450  $2,199  $3,642  $930  $319  $506  $179  $8,225 
  

Loans as of March 31, 2023

 
  

Real Estate

Construction

  

Consumer

Real Estate

  

Commercial

Real Estate

  

Commercial

Non Real

Estate

  

Public

Sector and

IDA

  

Consumer Non

Real Estate

  

Total

 

Individually evaluated

 $294  $1,061  $2,480  $295  $-  $-  $4,130 

Collectively evaluated

  53,758   222,377   436,363   60,221   47,359   33,188   853,266 

Total

 $54,052  $223,438  $438,843  $60,516  $47,359  $33,188  $857,396 
  

Loans as of December 31, 2022

 
  

Real Estate

Construction

  

Consumer

Real Estate

  

Commercial

Real Estate

  

Commercial

Non Real

Estate

  

Public

Sector and

IDA

  

Consumer Non-

Real Estate

  

Total

 

Individually evaluated

 $-  $186  $2,583  $263  $-  $-  $3,032 

Collectively evaluated

  54,579   220,866   435,305   57,389   48,074   33,948   850,161 

Total

 $54,579  $221,052  $437,888  $57,652  $48,074  $33,948  $853,193 
Schedule of Ratios for Allowance for Loan Losses [Table Text Block]
  

As of and for the

 
  

Three Months Ended

March 31,

  

Year Ended

December 31,

 
  

2023

  

2022

  

2022

 

Ratio of ACLL to the end of period loans, net of unearned income and deferred fees and costs

  1.24

%

  0.95

%

  0.96

%

Ratio of net charge-offs (recoveries), annualized, to average loans, net of unearned income and deferred fees and costs

  (0.04)%  0.01

%

  0.02

%

Impaired Financing Receivables [Table Text Block]
  

Individually Evaluated Loans under Incurred Loss as of December 31, 2022

 
  

Principal

Balance

  

Recorded

Investment(1)

  

Recorded Investment(1)

for Which There is No

Related Allowance

  

Recorded

Investment(1) for

Which There is a

Related Allowance

  

Related

Allowance

 

Consumer Real Estate

                    

Investor-owned residential real estate

 $186  $186  $186  $-  $- 

Commercial Real Estate

                    

Commercial real estate, owner occupied

  3,248   2,583   2,583   -   - 

Commercial Non Real Estate

                    

Commercial and industrial

  285   263   263   -   - 

Total

 $3,719  $3,032  $3,032  $-  $- 
Impaired Financing Receivable Average Investment And Interest Income [Table Text Block]
  

For the Three Months Ended

March 31, 2022

 
  

Average Recorded

Investment(1)

  

Interest Income

Recognized

 

Consumer Real Estate

        

Investor-owned residential real estate

 $190  $3 

Commercial Real Estate

        

Commercial real estate, owner occupied

  2,640   1 

Commercial real estate, other

  2,720   17 

Commercial Non-Real Estate

        

Commercial and industrial

  292   - 

Total

 $5,842  $21 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Term Loans Amortized Cost Basis by Origination Year

             

Balance at March 31, 2023

 

2019

  

2020

  

2021

  

2022

  

2023

  

Prior

  

Revolving

  

Revolving

Loans

Converted

to Term

  

Total

 

Construction, residential

                                    

Pass

 $-  $213  $1,370  $5,000  $554  $-  $6,006  $-  $13,143 

Classified

  -   -   -   -   -   -   -   -   - 

Total

 $-  $213  $1,370  $5,000  $554  $-  $6,006  $-  $13,143 
                                     

Construction, other

                                    

Pass

 $1,253  $1,502  $26,880  $5,229  $1,573  $2,807  $1,371  $-  $40,615 

Classified

  -   -   294   -   -   -   -   -   294 

Total

 $1,253  $1,502  $27,174  $5,229  $1,573  $2,807  $1,371  $-  $40,909 
                                     

Equity lines

                                    

Pass

 $-  $-  $-  $-  $-  $53  $14,465  $8  $14,526 

Classified

  -   -   -   -   -   -   -   -   - 

Total

 $-  $-  $-  $-  $-  $53  $14,465  $8  $14,526 
                                     

Residential closed-end first liens

                                 

Pass

 $6,191  $15,467  $32,829  $27,691  $4,381  $35,532  $-   -  $122,091 

Classified

  -   27   -   -   -   301   -   -   328 

Total

 $6,191  $15,494  $32,829  $27,691  $4,381  $35,833  $-  $-  $122,419 
                                     

Residential closed-end junior liens

                                 

Pass

 $7  $-  $87  $405  $82  $1,895  $-   -  $2,476 

Classified

  -   -   -   -   -   -   -   -   - 

Total

 $7  $-  $87  $405  $82  $1,895  $-   -  $2,476 
                                     

Investor-owned residential real estate

                                 

Pass

 $5,379  $15,052  $20,412  $14,414  $2,301  $24,079  $1,547  $100  $83,284 

Classified

  -   -   -   -   -   733   -   -   733 

Total

 $5,379  $15,052  $20,412  $14,414  $2,301  $24,812  $1,547  $100  $84,017 
                                     

Multifamily residential real estate

                                 

Pass

 $1,856  $11,973  $41,285  $27,249  $4,851  $44,731  $7   -  $131,952 

Classified

  -   -   -   -   -   -   -   -   - 

Total

 $1,856  $11,973  $41,285  $27,249  $4,851  $44,731  $7   -  $131,952 
                                     

Commercial real estate, owner occupied

                                 

Pass

 $19,563  $24,191  $5,088  $16,648  $1,899  $54,991  $2,452   50  $124,882 

Classified

  -   -   -   -   -   2,480   -   -   2,480 

Total

 $19,563  $24,191  $5,088  $16,648  $1,899  $57,471  $2,452   50  $127,362 
                                     

Commercial real estate, other

                                 

Pass

 $22,410  $19,838  $36,961  $23,541  $262  $76,142  $375  $-  $179,529 

Classified

  -   -   -   -   -   -   -   -   - 

Total

 $22,410  $19,838  $36,961  $23,541  $262  $76,142  $375  $-  $179,529 
                                     

Commercial and industrial

                                    

Pass

 $1,064  $10,123  $15,106  $8,959  $2,258  $6,691  $16,020  $-  $60,221 

Classified

  36   -   -   7   -   252   -   -   295 

Total

 $1,100  $10,123  $15,106  $8,966  $2,258  $6,943  $16,020  $-  $60,516 

YTD gross charge-offs

 $12  $-  $-  $-  $-  $-  $-  $-  $12 
                                     

Public sector and IDA

                                    

Pass

 $42  $247  $18,419  $6,650  $-  $22,001  $-  $-  $47,359 

Classified

  -   -   -   -   -   -   -   -   - 

Total

 $42  $247  $18,419  $6,650  $-  $22,001  $-  $-  $47,359 
                                     

Credit cards

                                    

Pass

 $-  $-  $-  $-  $-  $-  $4,563  $-  $4,563 

Classified

  -   -   -   -   -   -   -   -   - 

Total

 $-  $-  $-  $-  $-  $-  $4,563  $-  $4,563 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $8  $-  $8 
                                     

Automobile

                                    

Pass

 $519  $1,119  $2,453  $4,255  $1,884  $173  $-  $-  $10,403 

Classified

  -   -   -   -   -   -   -   -   - 

Total

 $519  $1,119  $2,453  $4,255  $1,884  $173  $-  $-  $10,403 

YTD gross charge-offs

 $-  $-  $1  $30  $-  $-  $-  $-  $31 
                                     

Other consumer

                                    

Pass

 $543  $1,412  $3,245  $9,416  $2,577  $174  $855  $-  $18,222 

Classified

  -   -   -   -   -   -   -   -   - 

Total

 $543  $1,412  $3,245  $9,416  $2,577  $174  $855  $-  $18,222 

YTD gross charge-offs

 $-  $-  $6  $13  $-  $-  $22  $-  $41 
                                     

Total Loans

                                    

Pass

 $58,826  $101,136  $204,134  $149,458  $22,622  $273,833  $43,098  $159  $853,266 

Classified

  36   27   294   7   -   3,766   -   -   4,130 

Total

 $58,862  $101,163  $204,428  $149,465  $22,622  $277,599  $43,098  $159  $857,396 

YTD gross charge-offs

 $12  $-  $7  $43  $-  $-  $30  $-  $92 
  

December 31, 2022

 
  

Pass

  

Special Mention

  

Classified

 

Real Estate Construction

            

Construction, 1-4 family residential

 $12,538  $-  $- 

Construction, other

  41,741   -   300 

Consumer Real Estate

            

Equity lines

  15,026   -   - 

Residential closed-end first liens

  122,187   -   461 

Residential closed-end junior liens

  2,446   -   - 

Investor-owned residential real estate

  80,143   -   603 

Commercial Real Estate

            

Multifamily residential real estate

  127,312   -   - 

Commercial real estate owner-occupied

  126,550   -   - 

Commercial real estate, other

  181,443   -   - 

Commercial Non Real Estate

            

Commercial and industrial

  57,381   -   8 

Public Sector and IDA

            

States and political subdivisions

  48,074   -   - 

Consumer Non-Real Estate

            

Credit cards

  4,597   -   - 

Automobile

  9,932   -   3 

Other consumer

  19,398   -   18 

Total

 $848,768  $-  $1,393 
Unfunded Loan Commitment [Member]  
Notes Tables  
Financing Receivable, Allowance for Credit Loss [Table Text Block]

Allowance for Credit Losses on Unfunded Commitments

 

Balance, December 31, 2022

 $35 

Adoption of ASU 2016-13

  207 

Provision for credit losses

  - 

Balance, March 31, 2023

 $242