Note 6 - Allowance for Credit Losses

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Allowance for Credit Losses [Text Block]

Note 6. Allowance for Credit Losses

The following tables present the changes in the allowance for credit losses, by loan segment, during the periods indicated:

	Three Months Ended March 31, 2024
				Consumer Real			Consumer and			Total
(Amounts in thousands)	Commercial			Estate			Other			Allowance
Total allowance
Balance at beginning of quarter:
Allowance for credit losses - loans	$	21,850		$	9,693		$	4,646		$	36,189
Allowance for credit losses - loan commitments		597			121			28			746
Total allowance for credit losses beginning of year		22,447			9,814			4,674			36,935
Provision for credit losses:
Provision (recovery) for credit losses - loans		(552	)		(135	)		1,698			1,011
Provision for credit losses - loan commitments		-			-			-			-
Total (recovery) provision for credit losses - loans and loan commitments		(552	)		(135	)		1,698			1,011
Charge-offs		(362	)		(66	)		(2,020	)		(2,448	)
Recoveries		116			209			384			709
Net (charge-offs) recoveries		(246	)		143			(1,636	)		(1,739	)
Allowance for credit losses - loans		21,052			9,701			4,708			35,461
Allowance for credit losses - loan commitments		597			121			28			746
Ending balance	$	21,649		$	9,822		$	4,736		$	36,207

	Three Months Ended March 31, 2023
				Consumer Real			Consumer and			Total
(Amounts in thousands)	Commercial			Estate			Other			Allowance
Total allowance
Balance at beginning of quarter:
Allowance for credit losses - loans	$	17,213		$	8,931		$	4,412		$	30,556
Allowance for credit losses - loan commitments		1,018			156			22			1,196
Total allowance for credit losses beginning of year		18,231			9,087			4,434			31,752
Provision for credit losses:
Provision for credit losses - loans		37			103			1,834			1,974
(Recovery) provision for credit losses - loan commitments		(232	)		(6	)		6			(232	)
Total (recovery) provision for credit losses - loans and loan commitments		(195	)		97			1,840			1,742
Charge-offs		(173	)		(98	)		(2,299	)		(2,570	)
Recoveries		192			59			578			829
Net recoveries (charge-offs)		19			(39	)		(1,721	)		(1,741	)
Allowance for credit losses - loans		17,269			8,995			4,525			30,789
Allowance for credit losses - loan commitments		786			150			28			964
Ending balance	$	18,055		$	9,145		$	4,553		$	31,753