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

12 Months Ended

Dec. 31, 2022

Notes Tables

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

	In Thousands
	2022			2021
Residential 1-4 family real estate	$	854,970		$	689,579
Commercial and multi-family real estate		1,064,297			908,673
Construction, land development and farmland		879,528			612,659
Commercial, industrial and agricultural		124,603			118,155
1-4 family equity lines of credit		151,032			92,229
Consumer and other		93,332			74,643
Total loans before net deferred loan fees		3,167,762			2,495,938
Net deferred loan fees		(14,153	)		(12,024	)
Total loans		3,153,609			2,483,914
Less: Allowance for credit losses		(39,813	)		(39,632	)
Net loans	$	3,113,796			2,444,282

Financing Receivable, Nonaccrual [Table Text Block]

	In Thousands
	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 Credit Quality Indicators [Table Text Block]

	In Thousands
													Revolving
	2022		2021		2020		2019		2018		Prior		Loans		Total
December 31, 2022
Residential 1-4 family real estate:
Pass	$	288,041		262,690		106,107		61,984		29,526		83,503		17,751		849,602
Special mention		245		300		885		62		115		1,955		349		3,911
Substandard		—		—		—		131		—		1,326		—		1,457
Total Residential 1-4 family real estate	$	288,286		262,990		106,992		62,177		29,641		86,784		18,100		854,970
Residential 1-4 family real estate:
Current-period gross charge-offs	$	—		—		—		—		—		8		—		8
Commercial and multi-family real estate:
Pass	$	269,129		246,265		161,326		107,908		74,494		168,541		36,342		1,064,005
Special mention		—		—		162		—		—		40		—		202
Substandard		—		—		—		—		—		90		—		90
Total Commercial and multi-family real estate	$	269,129		246,265		161,488		107,908		74,494		168,671		36,342		1,064,297
Commercial and multi-family real estate:
Current-period gross charge-offs	$	—		—		—		—		—		—		—		—
Construction, land development and farmland:
Pass	$	364,681		237,051		90,341		9,648		5,212		9,445		163,076		879,454
Special mention		—		—		—		—		—		60		—		60
Substandard		—		—		—		—		—		14		—		14
Total Construction, land development and farmland	$	364,681		237,051		90,341		9,648		5,212		9,519		163,076		879,528
Construction, land development and farmland:
Current-period gross charge-offs	$	—		—		—		—		—		1		—		1
Commercial, industrial and agricultural:
Pass	$	39,222		10,812		15,743		20,441		5,062		4,641		28,567		124,488
Special mention		—		44		17		—		—		47		—		115
Substandard		—		—		—		—		—		—		—		—
Total Commercial, industrial and agricultural	$	39,229		10,856		15,760		20,441		5,062		4,688		28,567		124,603
Commercial, industrial and agricultural:
Current-period gross charge-offs	$	21		—		—		—		—		—		—		21
1-4 family equity lines of credit:
Pass	$	—		—		—		—		—		—		150,849		150,849
Special mention		—		—		—		—		—		—		67		67
Substandard		—		—		—		—		—		—		116		116
Total 1-4 family equity lines of credit	$	—		—		—		—		—		—		151,032		151,032
1-4 family equity lines of credit:
Current-period gross charge-offs	$	—		—		—		—		—		—		—		—
Consumer and other:
Pass	$	28,487		11,163		18,075		5,995		345		6,757		22,166		92,988
Special mention		74		130		20		2		—		—		—		226
Substandard		74		19		13		—		11		1		—		118
Total Consumer and other	$	28,635		11,312		18,108		5,997		356		6,758		22,166		93,332
Consumer and other:
Current-period gross charge-offs	$	66		74		41		1		—		—		1,345		1,527

	In Thousands
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Total
December 31, 2022
Pass	$	989,560		767,981		391,592		205,976		114,639		272,887		418,751		3,161,386
Special mention		326		474		1,084		64		115		2,102		416		4,581
Substandard		74		19		13		131		11		1,431		116		1,795
Total	$	989,960		768,474		392,689		206,171		114,765		276,420		419,283		3,167,762

	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

Financing Receivable, Past Due [Table Text Block]

	In Thousands
	30-59 Days Past Due		60-89 Days Past Due		Nonaccrual and Greater Than 89 Days		Total Nonaccrual and Past Due		Current		Total Loans		Recorded Investment Greater Than 89 Days and Accruing
December 31, 2022
Residential 1-4 family real estate	$	2,046		1,080		426		3,552		851,418		854,970	$	426
Commercial and multi-family real estate		397		1,626		400		2,423		1,061,874		1,064,297		400
Construction, land development and farmland		591		—		—		591		878,937		879,528		—
Commercial, industrial and agricultural		49		62		—		111		124,492		124,603		—
1-4 family equity lines of credit		74		77		—		151		150,881		151,032		—
Consumer and other		403		184		43		630		92,702		93,332		43
Total	$	3,560		3,029		869		7,458		3,160,304		3,167,762	$	869
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		58		81		—		139		118,016		118,155		—
1-4 family equity lines of credit		170		—		9		179		92,050		92,229		9
Consumer and other		288		99		23		410		74,233		74,643		23
Total	$	3,742		564		389		4,695		2,491,243		2,495,938	$	389

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
December 31, 2022
Allowance for credit losses:
Beginning balance	$	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		1,353			1,886			3,795			(117	)		396			1,343			8,656
Charge-offs		(8	)		—			(1	)		(21	)		—			(1,527	)		(1,557	)
Recoveries		116			—			20			27			—			483			646
Ending balance	$	7,310			15,299			13,305			1,437			1,170			1,292			39,813

	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:
Beginning balance	$	8,203		18,343			8,090			1,391			997		1,515			38,539
Provision		971		(1,497	)		1,296			(35	)		101		307			1,143
Charge-offs		—		—			(23	)		(33	)		—		(992	)		(1,048	)
Recoveries		68		—			394			6			—		530			998
Ending balance	$	9,242		16,846			9,757			1,329			1,098		1,360			39,632
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

	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, 2020
Allowance for loan losses:
Beginning balance	$	7,267		12,231		6,184		1,059			889			1,096			28,726
Provision		883		5,812		1,733		341			74			853			9,696
Charge-offs		—		—		—		(9	)		(7	)		(898	)		(914	)
Recoveries		53		300		173		—			41			464			1,031
Ending balance	$	8,203		18,343		8,090		1,391			997			1,515			38,539

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

	In Thousands
	Real Estate		Other		Total
December 31, 2022
Residential 1-4 family real estate	$	130		—		130
Commercial and multi-family real estate		508		—		508
Construction, land development and farmland		—		—		—
Commercial, industrial and agricultural		—		—		—
1-4 family equity lines of credit		—		—		—
Consumer and other		—		—		—
	$	638		—		638

Impaired Financing Receivables [Table Text Block]

	In Thousands
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
December 31, 2021
With no related allowance recorded:
Residential 1-4 family real estate	$	136		134		—		614		7
Commercial and multi-family real estate		532		531		—		303		25
Construction, land development and farmland		—		—		—		—		—
Commercial, industrial and agricultural		—		—		—		—		—
1-4 family equity lines of credit		—		—		—		—		—
Consumer and other		—		—		—		—		—
	$	668		665		—		917		32
With allowance recorded:
Residential 1-4 family real estate	$	—		—		—		602		—
Commercial and multi-family real estate		—		—		—		342		—
Construction, land development and farmland		—		—		—		—		—
Commercial, industrial and agricultural		—		—		—		—		—
1-4 family equity lines of credit		—		—		—		—		—
Consumer and other		—		—		—		—		—
	$	—		—		—		944		—
Total:
Residential 1-4 family real estate	$	136		134		—		1,216		7
Commercial and multi-family real estate		532		531		—		645		25
Construction, land development and farmland		—		—		—		—		—
Commercial, industrial and agricultural		—		—		—		—		—
1-4 family equity lines of credit		—		—		—		—		—
Consumer and other		—		—		—		—		—
	$	668		665		—		1,861		32

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	2022		2021
Performing TDRs	$	778		876
Nonperforming TDRs		150		165
Total TDRs	$	928		1,041

December 31, 2022

December 31, 2021

Number of Loans

Pre Modification Outstanding Recorded Investment

Post Modification Outstanding Recorded Investment, Net of Related Allowance

Number of Loans

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

—

$

—

$

—

—

$

—

$

—

	December 31, 2020
	Number of Loans		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		1		111		132
Construction, land development and farmland		—		—		—
Commercial, industrial and agricultural		—		—		—
1-4 family equity lines of credit		—		—		—
Consumer and other		—		—		—
Total		1	$	111	$	132

Schedule of Loans Receivable to Related Parties [Table Text Block]

	In Thousands
	December 31,
	2022			2021
Balance, January 1	$	5,725		$	7,675
New loans and renewals during the year		13,379			11,009
Repayments (including loans paid by renewal) during the year		(12,245	)		(12,959	)
Balance, December 31	$	6,859		$	5,725