XML 30 R20.htm IDEA: XBRL DOCUMENT v3.23.3
Note 2 - Loans and Allowance for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2023
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

September 30,

2023

  

December 31,

2022

 

Real estate construction

 $64,181  $54,579 

Consumer real estate

  226,671   221,052 

Commercial real estate

  424,765   437,888 

Commercial non real estate

  42,940   57,652 

Public sector and IDA

  51,591   48,074 

Consumer non real estate

  39,269   33,948 

Gross loans

  849,417   853,193 

Less unearned income and deferred fees and costs

  (442

)

  (449

)

Loans, net of unearned income and deferred fees and costs

 $848,975  $852,744 

Allowance for credit losses on loans

  (10,181

)

  (8,225

)

Total loans, net

 $838,794  $844,519 
Financing Receivable, Past Due [Table Text Block]
  

September 30, 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

 $16,995  $-  $-  $-  $16,995  $- 

Construction, other

  47,165   21   -   -   47,186   - 

Consumer Real Estate

                        

Equity line

  16,631   23   -   -   16,654   - 

Residential closed-end first liens

  122,839   679   7   85   123,610   92 

Residential closed-end junior liens

  5,009   13   -   -   5,022   - 

Investor-owned residential real estate

  81,385   -   -   -   81,385   - 

Commercial Real Estate

                        

Multifamily residential real estate

  133,188   -   -   -   133,188   - 

Commercial real estate owner-occupied

  116,089   288   -   2,429   118,806   236 

Commercial real estate, other

  172,771   -   -   -   172,771   - 

Commercial Non Real Estate

                        

Commercial and industrial

  42,452   4   17   467   42,940   252 

Public Sector and IDA

                        

States and political subdivisions

  51,591   -   -   -   51,591   - 

Consumer Non-Real Estate

                        

Credit cards

  4,570   4   -   -   4,574   - 

Automobile

  11,933   42   2   -   11,977   3 

Other consumer loans

  22,615   98   5   -   22,718   5 

Total

 $845,233  $1,172  $31  $2,981  $849,417  $588 
  

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

 
  

September 30, 2023

  

December 31, 2022

 
  

Nonaccrual Loans

  

Nonaccrual Loans

 
  

With No

Allowance

  

With an

Allowance

  

Total

     

Consumer Real Estate

                

Residential closed-end first liens

 $-  $85  $85  $91 

Commercial Real Estate

                

Commercial real estate owner-occupied

  -   2,429   2,429   2,493 

Commercial Non Real Estate

                

Commercial and industrial

  -   467   467   263 

Total

 $-  $2,981  $2,981  $2,847 
Summary of Past Due 90 Days Loans or More and Impaired Loans [Table Text Block]
  

September 30,

  

December 31,

 
  

2023

  

2022

  

2022

 

Ratio of ACLL to nonaccrual loans

  341.53

%

  284.18

%

  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

%

  0.01

%

  0.00

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

Activity in the Allowance for Credit Losses on Loans for the Nine Months Ended September 30, 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, December 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

  -   (17

)

  -   (11

)

  -   (204

)

  -   (232

)

Recoveries

  -   103   37   4   -   91   -   235 

Provision for (recovery of) credit losses

  133   (353

)

  (212

)

  (300

)

  10   156   177   (389

)

Balance, September 30, 2023

 $562  $3,193  $4,167  $839  $314  $621  $485  $10,181 
  

Activity in the Allowance for Loan Losses for the Nine Months Ended September 30, 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, December 31, 2021

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

Charge-offs

  -   (13

)

  -   (2

)

  -   (301

)

  -   (316

)

Recoveries

  -   29   36   10   -   78   -   153 

Provision for (recovery of) loan losses

  225   266   452   (329

)

  39   263   (220

)

  696 

Balance, September 30, 2022

 $647  $2,212  $3,609  $778  $336  $484  $141  $8,207 
  

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, December 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, December 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 September 30, 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

 $-  $78  $548  $248  $-  $1  $-  $875 

Collectively evaluated

  562   3,115   3,619   591   314   620   485   9,306 

Total

 $562  $3,193  $4,167  $839  $314  $621  $485  $10,181 
  

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 September 30, 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

 $288  $1,059  $8,826  $473  $-  $12  $10,658 

Collectively evaluated

  63,893   225,612   415,939   42,467   51,591   39,257   838,759 

Total

 $64,181  $226,671  $424,765  $42,940  $51,591  $39,269  $849,417 
  

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

 
  

Nine Months Ended

September 30,

  

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

  1.20

%

  0.96

%

  0.96

%

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

  0.00

%

  0.03

%

  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 Nine Months Ended

September 30, 2022

 
  

Average Recorded

Investment(1)

  

Interest Income

Recognized

 

Consumer Real Estate

        

Investor-owned residential real estate

 $189  $9 

Commercial Real Estate

        

Commercial real estate, owner occupied

  2,601   4 

Commercial Non-Real Estate

        

Commercial and industrial

  277   - 

Total

 $3,067  $13 
Financing Receivable, Collateral Dependent Loan [Table Text Block]

September 30, 2023

 

Balance

  

Related Allowance

 

Consumer Real Estate

        

Residential closed-end first lien

 $7   - 

Total Loans

 $7   - 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Term Loans Amortized Cost Basis by Origination Year

      

Revolving

Loans

     
September 30, 2023 

Prior

  

2019

  

2020

  

2021

  

2022

  

2023

  Revolving  

Converted

to Term

  Total 

Construction, residential

                                    

Pass

 $-  $-  $233  $121  $3,787  $2,705  $10,149  $-  $16,995 
                                     

Construction, other

                                    

Pass

 $3,196  $1,111  $1,411  $23,163  $11,577  $4,375  $2,065  $-  $46,898 

Classified

  -   -   -   288   -   -   -   -   288 

Total

 $3,196  $1,111  $1,411  $23,451  $11,577  $4,375  $2,065  $-  $47,186 
                                     

Equity lines

                                    

Pass

 $53  $-  $-  $-  $-  $-  $16,553  $6  $16,612 

Classified

  -   -   -   -   -   -   42   -   42 

Total

 $53  $-  $-  $-  $-  $-  $16,595  $6  $16,654 
                                     

Residential closed-end first liens

                                 

Pass

 $33,129  $5,874  $14,784  $32,074  $28,768  $8,681  $-  $-  $123,310 

Classified

  300   -   -   -   -   -   -   -   300 

Total

 $33,429  $5,874  $14,784  $32,074  $28,768  $8,681  $-  $-  $123,610 

YTD gross charge-offs

 $-  $-  $17  $-  $-  $-  $-  $-  $17 
                                     

Residential closed-end junior liens

                                 

Pass

 $1,749  $118  $-  $175  $1,395  $1,570  $-  $15  $5,022 
                                     

Investor-owned residential real estate

                                 

Pass

 $23,141  $5,215  $14,348  $19,475  $13,888  $3,093  $1,409  $99  $80,668 

Classified

  717   -   -   -   -   -   -   -   717 

Total

 $23,858  $5,215  $14,348  $19,475  $13,888  $3,093  $1,409  $99  $81,385 
                                     

Multifamily residential real estate

                                 

Pass

 $42,874  $1,823  $11,820  $40,944  $26,874  $8,853  $-  $-  $133,188 
                                     

Commercial real estate, owner occupied

                                 

Pass

 $43,438  $11,295  $23,661  $4,843  $16,731  $7,757  $2,255  $-  $109,980 

Special mention

  6,396   -   -   -   -   -   -   -   6,396 

Classified

  2,430   -   -   -   -   -   -   -   2,430 

Total

 $52,264  $11,295  $23,661  $4,843  $16,731  $7,757  $2,255  $-  $118,806 
                                     

Commercial real estate, other

                                 

Pass

 $70,064  $22,033  $19,300  $36,272  $22,600  $1,957  $545  $-  $172,771 
                                     

Commercial and industrial

                                    

Pass

 $6,100  $494  $1,189  $13,059  $7,439  $6,634  $7,552  $-  $42,467 

Classified

  231   -   -   -   7   -   235   -   473 

Total

 $6,331  $494  $1,189  $13,059  $7,446  $6,634  $7,787  $-  $42,940 

YTD gross charge-offs

 $-  $11  $-  $-  $-  $-  $-  $-  $11 
                                     

Public sector and IDA

                                    

Pass

 $20,942  $14  $239  $17,683  $6,438  $6,275  $-  $-  $51,591 
                                     

Credit cards

                                    

Pass

 $-  $-  $-  $-  $-  $-  $4,574  $-  $4,574 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $35  $-  $35 
                                     

Automobile

                                    

Pass

 $95  $307  $680  $1,846  $3,146  $5,900  $-  $-  $11,974 

Classified

  -   3   -   -   -   -   -   -   3 

Total

 $95  $310  $680  $1,846  $3,146  $5,900  $-  $-  $11,977 

YTD gross charge-offs

 $-  $-  $-  $1  $38  $-  $-  $-  $39 
                                     

Other consumer

                                    

Pass

 $136  $380  $941  $2,273  $6,770  $11,206  $1,003  $-  $22,709 

Classified

  -   -   -   -   1   8   -   -   9 

Total

 $136  $380  $941  $2,273  $6,771  $11,214  $1,003  $-  $22,718 

YTD gross charge-offs

 $-  $-  $-  $19  $42  $6  $63  $-  $130 
                                     

Total Loans

                                    

Pass

 $244,917  $48,664  $88,606  $191,928  $149,413  $69,006  $46,105  $120  $838,759 

Special Mention

  6,396   -   -   -   -   -   -   -   6,396 

Classified

  3,678   3   -   288   8   8   277   -   4,262 

Total

 $254,991  $48,667  $88,606  $192,216  $149,421  $69,014  $46,382  $120  $849,417 

YTD gross charge-offs

 $-  $11  $17  $20  $80  $6  $98  $-  $232 
  

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 
Financing Receivable, Modified [Table Text Block]
  

Interest Only Payments

  

Amortized

Cost Basis

  

% of Portfolio

 

Financial Effect

Commercial Real Estate

         

Commercial real estate owner-occupied

 $6,396   5.38

%

6 months of interest only payments, after which remaining balance will be re-amortized to the contractual maturity date.
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

  21 

Balance, September 30, 2023

 $263