Note 2 - Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

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

	(In Thousands)
	September 30, 2022			December 31, 2021
Residential 1-4 family real estate	$	812,433		$	689,579
Commercial and multi-family real estate		993,647			908,673
Construction, land development and farmland		853,326			612,659
Commercial, industrial and agricultural		124,115			118,155
1-4 family equity lines of credit		142,043			92,229
Consumer and other		79,720			74,643
Total loans before net deferred loan fees		3,005,284			2,495,938
Net deferred loan fees		(13,959	)		(12,024	)
Total loans		2,991,325			2,483,914
Less: Allowance for credit losses		(37,580	)		(39,632	)
Net loans	$	2,953,745		$	2,444,282

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

	(In Thousands)
	Residential 1-4 Family Real Estate			Commercial and Multi-family Real Estate			Construction, Land Development and Farmland			Commercial, Industrial and Agricultural			1-4 family Equity Lines of Credit			Consumer and Other			Total
September 30, 2022
Allowance for credit losses:
Beginning balance January 1,	$	9,242			16,846			9,757			1,329			1,098			1,360			39,632
Impact of adopting ASC 326		(3,393	)		(3,433	)		(266	)		219			(324	)		(367	)		(7,564	)
Provision for credit losses on loans		1,048			1,155			2,504			106			312			935			6,060
Charge-offs		(8	)		—			—			(9	)		—			(1,038	)		(1,055	)
Recoveries		106			—			17			27			—			357			507
Ending balance	$	6,995			14,568			12,012			1,672			1,086			1,247			37,580

	(In Thousands)
	Residential 1-4 Family Real Estate		Commercial and Multi-family Real Estate			Construction, Land Development and Farmland			Commercial, Industrial and Agricultural			1-4 family Equity Lines of Credit		Consumer and Other			Total
September 30, 2021
Allowance for loan losses:
Beginning balance January 1,	$	8,203		18,343			8,090			1,391			997		1,515			38,539
Provision		620		(1,378	)		1,741			(120	)		53		96			1,012
Charge-offs		—		—			(23	)		(3	)		—		(690	)		(716	)
Recoveries		58		—			47			5			—		366			476
Ending balance	$	8,881		16,965			9,855			1,273			1,050		1,287			39,311

	(In Thousands)
	Residential 1-4 Family Real Estate			Commercial and Multi-family Real Estate		Construction, Land Development and Farmland		Commercial, Industrial and Agricultural			1-4 family Equity Lines of Credit		Consumer and Other			Total
September 30, 2022
Allowance for credit losses:
Beginning balance July 1,	$	6,291			13,609		11,696		1,542			916		1,184			35,238
Provision for credit losses		616			959		305		119			170		374			2,543
Charge-offs		(8	)		—		—		(9	)		—		(445	)		(462	)
Recoveries		96			—		11		20			—		134			261
Ending balance	$	6,995			14,568		12,012		1,672			1,086		1,247			37,580

	(In Thousands)
	Residential 1-4 Family Real Estate		Commercial and Multi-family Real Estate			Construction, Land Development and Farmland		Commercial, Industrial and Agricultural			1-4 family Equity Lines of Credit		Consumer and Other			Total
September 30, 2021
Allowance for loan losses:
Beginning balance July 1,	$	8,540		17,583			9,353		1,294			1,048		1,496			39,314
Provision		331		(618	)		484		(22	)		2		(47	)		130
Charge-offs		—		—			—		—			—		(276	)		(276	)
Recoveries		10		—			18		1			—		114			143
Ending balance	$	8,881		16,965			9,855		1,273			1,050		1,287			39,311

	(In Thousands)
	Residential 1-4 Family Real Estate		Commercial and Multi-family Real Estate		Construction, Land Development and Farmland		Commercial, Industrial and Agricultural		1-4 family Equity Lines of Credit		Consumer and Other		Total
December 31, 2021
Allowance for loan losses:
Ending balance individually evaluated for impairment	$	—		—		—		—		—		—		—
Ending balance collectively evaluated for impairment	$	9,242		16,846		9,757		1,329		1,098		1,360		39,632
Loans:
Ending balance	$	689,579		908,673		612,659		118,155		92,229		74,643		2,495,938
Ending balance individually evaluated for impairment	$	134		531		—		—		—		—		665
Ending balance collectively evaluated for impairment	$	689,445		908,142		612,659		118,155		92,229		74,643		2,495,273

Schedule of Amortized Cost Basis of Collateral Dependent Loans [Table Text Block]

	In Thousands
	Real Estate		Other		Total
September 30, 2022
Residential 1-4 family real estate	$	131		—		131
Commercial and multi-family real estate		512		—		512
Construction, land development and farmland		—		—		—
Commercial, industrial and agricultural		—		—		—
1-4 family equity lines of credit		—		—		—
Consumer and other		—		—		—
	$	643		—		643

Impaired Financing Receivables [Table Text Block]

	December 31, 2021
	Recorded Investment		Unpaid Principal Balance		Related Allowance
	In Thousands
With no related allowance recorded:
Residential 1-4 family real estate	$	136		134		—
Commercial and multi-family real estate		532		531		—
Construction, land development and farmland		—		—		—
Commercial, industrial and agricultural		—		—		—
1-4 family equity lines of credit		—		—		—
Consumer and other		—		—		—
	$	668		665		—
With related allowance recorded:
Residential 1-4 family real estate	$	—		—		—
Commercial and multi-family real estate		—		—		—
Construction, land development and farmland		—		—		—
Commercial, industrial and agricultural		—		—		—
1-4 family equity lines of credit		—		—		—
Consumer and other		—		—		—
	$	—		—		—
Total:
Residential 1-4 family real estate	$	136		134		—
Commercial and multi-family real estate		532		531		—
Construction, land development and farmland		—		—		—
Commercial, industrial and agricultural		—		—		—
1-4 family equity lines of credit		—		—		—
Consumer and other		—		—		—
	$	668		665		—

	September 30, 2021
	Average Recorded Investment		Interest Income Recognized
	In Thousands
With no related allowance recorded:
Residential 1-4 family real estate	$	870		6
Commercial and multi-family real estate		248		11
Construction, land development and farmland		—		—
Commercial, industrial and agricultural		—		—
1-4 family equity lines of credit		—		—
Consumer and other		—		—
	$	1,118		17
With related allowance recorded:
Residential 1-4 family real estate	$	912		—
Commercial and multi-family real estate		508		7
Construction, land development and farmland		—		—
Commercial, industrial and agricultural		—		—
1-4 family equity lines of credit		—		—
Consumer and other		—		—
	$	1,420		7
Total:
Residential 1-4 family real estate	$	1,782		6
Commercial and multi-family real estate		756		18
Construction, land development and farmland		—		—
Commercial, industrial and agricultural		—		—
1-4 family equity lines of credit		—		—
Consumer and other		—		—
	$	2,538		24

Financing Receivable, Nonaccrual [Table Text Block]

	In Thousands
	September 30,		December 31,
	2022		2021
Residential 1-4 family real estate	$	—	$	—
Commercial and multi-family real estate		—		—
Construction, land development and farmland		—		—
Commercial, industrial and agricultural		—		—
1-4 family equity lines of credit		—		—
Consumer and other		—		—
Total	$	—	$	—

Financing Receivable, Past Due [Table Text Block]

	(In thousands)
	30-59 Days Past Due		60-89 Days Past Due		Non Accrual and Greater Than 90 Days Past Due		Total Non Accrual and Past Due		Current		Total Loans		Recorded Investment Greater Than 90 Days Past Due and Accruing
September 30, 2022
Residential 1-4 family real estate	$	1,053		842		386		2,281		810,152		812,433	$	386
Commercial and multi-family real estate		133		91		—		224		993,423		993,647		—
Construction, land development and farmland		—		48		—		48		853,278		853,326		—
Commercial, industrial and agricultural		76		74		—		150		123,965		124,115		—
1-4 family equity lines of credit		244		213		57		514		141,529		142,043	$	57
Consumer and other		694		104		98		896		78,824		79,720		98
Total	$	2,200		1,372		541		4,113		3,001,171		3,005,284	$	541
December 31, 2021
Residential 1-4 family real estate	$	2,072		169		357		2,598		686,981		689,579	$	357
Commercial and multi-family real estate		—		—		—		—		908,673		908,673		—
Construction, land development and farmland		1,154		215		—		1,369		611,290		612,659		—
Commercial, industrial and agricultural		59		81		—		140		118,015		118,155		—
1-4 family equity lines of credit		170		—		9		179		92,050		92,229		9
Consumer and other		287		99		23		409		74,234		74,643		23
Total	$	3,742		564		389		4,695		2,491,243		2,495,938	$	389

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	September 30, 2022		December 31, 2021
	(In thousands)
Performing TDRs	$	846	$	876
Nonperforming TDRs		114		165
Total TDRS	$	960	$	1,041

September 30, 2022

September 30, 2021

Number of Contracts

Pre Modification Outstanding Recorded Investment

Post Modification Outstanding Recorded Investment, Net of Related Allowance

Number of Contracts

Pre Modification Outstanding Recorded Investment

Post Modification Outstanding Recorded Investment, Net of Related Allowance

Residential 1-4 family real estate

—

$

—

$

—

—

$

—

$

—

Commercial and multi-family real estate

—

—

—

—

—

—

Construction, land development and farmland

—

—

—

—

—

—

Commercial, industrial and agricultural

—

—

—

—

—

—

1-4 family equity lines of credit

—

—

—

—

—

—

Consumer and other

—

—

—

—

—

—

Total

—

$

—

$

—

—

$

—

$

—

Financing Receivable Credit Quality Indicators [Table Text Block]

	In Thousands
													Revolving
	2022		2021		2020		2019		2018		Prior		Loans		Total
September 30, 2022
Residential 1-4 family real estate
Pass	$	234,604		259,368		111,245		63,610		30,948		86,292		21,489		807,556
Special mention		—		—		901		—		116		2,005		349		3,371
Substandard		—		—		37		131		—		1,338		—		1,506
Total Residential 1-4 family real estate	$	234,604		259,368		112,183		63,741		31,064		89,635		21,838		812,433
Commercial and multi-family real estate
Pass	$	198,521		228,852		163,568		109,657		75,934		187,572		29,249		993,353
Special mention		—		—		163		—		—		40		—		203
Substandard		—		—		—		—		—		91		—		91
Total Commercial and multi-family real estate	$	198,521		228,852		163,731		109,657		75,934		187,703		29,249		993,647
Construction, land development and farmland
Pass	$	300,954		279,972		88,983		10,153		5,551		10,074		157,560		853,247
Special mention		—		—		—		—		—		61		—		61
Substandard		—		—		—		—		—		18		—		18
Total Construction, land development and farmland	$	300,954		279,972		88,983		10,153		5,551		10,153		157,560		853,326
Commercial, industrial and agricultural
Pass	$	25,034		13,332		28,612		20,980		5,581		5,060		25,421		124,020
Special mention		—		21		19		—		—		55		—		95
Substandard		—		—		—		—		—		—		—		—
Total Commercial, industrial and agricultural	$	25,034		13,353		28,631		20,980		5,581		5,115		25,421		124,115
1-4 family equity lines of credit
Pass	$	—		—		—		—		—		—		141,915		141,915
Special mention		—		—		—		—		—		—		11		11
Substandard		—		—		—		—		—		—		117		117
Total 1-4 family equity lines of credit	$	—		—		—		—		—		—		142,043		142,043
Consumer and other
Pass	$	23,251		13,365		7,409		6,404		486		6,932		21,672		79,519
Special mention		19		51		10		3		—		—		—		83
Substandard		74		14		14		1		14		1		—		118
Total Consumer and other	$	23,344		13,430		7,433		6,408		500		6,933		21,672		79,720

	In Thousands
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Total
September 30, 2022
Pass	$	782,364		794,889		399,817		210,804		118,500		295,930		397,306		2,999,610
Special mention		19		72		1,093		3		116		2,161		360		3,824
Substandard		74		14		51		132		14		1,448		117		1,850
Total	$	782,457		794,975		400,961		210,939		118,630		299,539		397,783		3,005,284

	In Thousands
	Residential 1-4 Family Real Estate		Commercial and Multi-family Real Estate		Construction, Land Development and Farmland		Commercial, Industrial and Agricultural		1-4 Family Equity Lines of Credit		Consumer and Other		Total
Credit Risk Profile by Internally Assigned Grade
December 31, 2021
Pass	$	682,527		908,409		612,537		118,058		92,208		74,513		2,488,252
Special mention		5,566		—		93		96		11		89		5,855
Substandard		1,486		264		29		1		10		41		1,831
Total	$	689,579		908,673		612,659		118,155		92,229		74,643		2,495,938