Note 4 - Loans and the 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,			December 31,
	2023			2022
Commercial	$	76,738		$	76,680
Agricultural		118,089			122,873
Real estate – residential		14,734			15,324
Real estate – commercial		521,884			516,107
Real estate – construction and land development		42,726			43,420
Equity lines of credit		35,805			35,891
Auto		100,670			96,750
Other		4,958			4,904
Total loans		915,604			911,949
Deferred loan costs, net		2,748			2,736
Loans, amortized cost basis		918,352			914,685
Allowance for credit losses		(12,330	)		(10,717	)
Total net loans	$	906,022		$	903,968

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

	March 31,			December 31,
	2023			2022
Balance, beginning of period	$	10,717		$	10,352
Cumulative change from adoption of ASU 2016-13		529			-
Provision charged to operations - loans		1,250			1,300
Losses charged to allowance		(308	)		(1,461	)
Recoveries		142			526
Balance, end of period	$	12,330		$	10,717

Financing Receivable Credit Quality Indicators [Table Text Block]

	Term Loans
	Amortized Cost Basis by Origination Year and Risk Grades - As of March 31, 2023
(in thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Book Amortized Cost Basis		Revolving Loans Converted to Term Amortized Cost Basis		Total - Amortized Cost Basis
Commercial
Pass	$	2,330	$	24,191	$	12,080	$	5,316	$	5,344	$	6,418	$	14,352	$	-	$	70,031
Special Mention		-		349		427		322		-		24		1,565		-		2,687
Substandard		-		2,204		239		49		4		-		2,000		-		4,496
Total Commercial loans	$	2,330	$	26,744	$	12,746	$	5,687	$	5,348	$	6,442	$	17,917	$	-	$	77,214
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Agricultural
Pass	$	1,236	$	20,577	$	14,542	$	15,684	$	12,609	$	22,899	$	13,263	$	-	$	100,810
Special Mention		807		3,497		97		1,038		214		796		704		-		7,153
Substandard		-		4,988		4,496		-		768		251		-		-		10,503
Total Agricultural	$	2,043	$	29,062	$	19,135	$	16,722	$	13,591	$	23,946	$	13,967	$	-	$	118,466
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Real Estate - Residential
Pass	$	534	$	1,086	$	2,299	$	2,510	$	578	$	6,801	$	515	$	-	$	14,323
Special Mention		-		-		-		-		68		-		-		-		68
Substandard		-		-		-		-		-		384		-		-		384
Total Real Estate - Residential	$	534	$	1,086	$	2,299	$	2,510	$	646	$	7,185	$	515	$	-	$	14,775
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Real Estate -Commercial
Pass	$	6,468	$	112,033	$	88,280	$	107,565	$	42,282	$	152,951	$	5,957	$	-	$	515,536
Special Mention		-		-		-		-		374		2,729		-		-		3,103
Substandard		-		14		-		-		-		3,017		-		-		3,031
Total Real Estate -Commercial	$	6,468	$	112,047	$	88,280	$	107,565	$	42,656	$	158,697	$	5,957	$	-	$	521,670
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Real Estate -Construction
Pass	$	1,653	$	19,522	$	17,160	$	2,672	$	632	$	703	$	-	$	-	$	42,342
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Total Real Estate -Construction	$	1,653	$	19,522	$	17,160	$	2,672	$	632	$	703	$	-	$	-	$	42,342
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Equity LOC
Pass	$	-	$	-	$	-	$	-	$	-			$	34,909	$	1,056	$	35,965
Substandard		-		-		-		-		-				254		394		648
Total Equity LOC	$	-	$	-	$	-	$	-	$	-	$	-	$	35,163	$	1,450	$	36,613
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Total
Pass	$	12,221	$	177,409	$	134,361	$	133,747	$	61,445	$	189,772	$	68,996	$	1,056	$	779,007
Special Mention		807		3,846		524		1,360		656		3,549		2,269		-		13,011
Substandard		-		7,206		4,735		49		772		3,652		2,254		394		19,062
Total	$	13,028	$	188,461	$	139,620	$	135,156	$	62,873	$	196,973	$	73,519	$	1,450	$	811,080
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Auto
Performing	$	10,564	$	40,193	$	21,409	$	11,996	$	9,928	$	7,319	$	-	$	-	$	101,409
Non-performing		-		28		348		218		208		61				-		863
Total Auto	$	10,564	$	40,221	$	21,757	$	12,214	$	10,136	$	7,380	$	-	$	-	$	102,272
Current period gross charge-offs	$	-	$	15	$	116	$	17	$	82	$	63	$	-	$	-	$	293
Other
Performing	$	655	$	2,232	$	1,174	$	490	$	218	$	37	$	173	$	-	$	4,979
Non-performing		-		-		21		-		-		-		-		-		21
Total Other	$	655	$	2,232	$	1,195	$	490	$	218	$	37	$	173	$	-	$	5,000
Current period gross charge-offs	$	-	$	-	$	8	$	4	$	1	$	-	$	2	$	-	$	15
Total
Performing	$	11,219	$	42,425	$	22,583	$	12,486	$	10,146	$	7,356	$	173	$	-	$	106,388
Non-performing		-		28		369		218		208		61		-		-		884
Total	$	11,219	$	42,453	$	22,952	$	12,704	$	10,354	$	7,417	$	173	$	-	$	107,272
Current period gross charge-offs	$	-	$	15	$	124	$	21	$	83	$	63	$	2	$	-	$	308

December 31, 2022	Commercial Credit Exposure
	Credit Risk Profile by Internally Assigned Grade
Grade:	Commercial		Agricultural		Real Estate-Residential		Real Estate-Commercial		Real Estate-Construction		Equity LOC		Total
Pass	$	68,577	$	111,276	$	14,932	$	510,504	$	43,337	$	35,475	$	784,101
Special Mention		8,047		10,651		161		3,934		-		-		22,793
Substandard		56		946		231		1,669		83		416		3,401
Doubtful		-		-		-		-		-		-		-
Total	$	76,680	$	122,873	$	15,324	$	516,107	$	43,420	$	35,891	$	810,295

Impaired Financing Receivables [Table Text Block]

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
As of December 31, 2022:	Investment		Balance		Allowance		Investment		Recognized
With no related allowance recorded:
Commercial	$	-	$	-	$	-	$	-	$	-
Agricultural		232		232		-		235		17
Real estate – residential		509		541		-		514		29
Real estate – commercial		-		-		-		-		-
Real estate – construction & land		94		94		-		98		6
Equity Lines of Credit		244		301		-		254		-
Auto		-		-		-		-		-
Other		-		-		-		-		-
With an allowance recorded:
Commercial	$	-	$	-	$	-	$	-	$	-
Agricultural		-		-		-		-		-
Real estate – residential		169		169		20		170		7
Real estate – commercial		-		-		-		-		-
Real estate – construction & land		-		-		-		-		-
Equity Lines of Credit		-		-		-		-		-
Auto		-		-		-		-		-
Other		-		-		-		-		-
Total:
Commercial	$	-	$	-	$	-	$	-	$	-
Agricultural		232		232		-		235		17
Real estate – residential		678		710		20		684		36
Real estate – commercial		-		-		-		-		-
Real estate – construction & land		94		94		-		98		6
Equity Lines of Credit		244		301		-		254		-
Auto		-		-		-		-		-
Other		-		-		-		-		-
Total	$	1,248	$	1,337	$	20	$	1,271	$	59

Financing Receivable, Balance of Nonaccrual Loans by Loan Category [Table Text Block]

	Non Performing Loans
	March 31, 2023						December 31, 2022
(in thousands)	Nonaccrual with no allowance for credit losses		Total nonaccrual		Past due 90 days or more and still accruing		Nonaccrual with no allowance for credit losses		Total nonaccrual		Past due 90 days or more and still accruing
Commercial	$	58	$	58	$	-	$	-	$	-	$	-
Agricultural		-		847		214		-		-		-
Real estate – residential		201		201		-		211		211		-
Real estate – commercial		965		965		154		9		9		-
Real estate – construction & land development		-		-		-		83		83		-
Equity lines of credit		648		648		-		417		417		-
Auto		863		863		-		452		452		-
Other		21		21		-		-		-		-
Total Gross Loans	$	2,756	$	3,603	$	368	$	1,172	$	1,172	$	-

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

Three Months Ended March 31, 2023:	Commercial			Agricultural		Real Estate-Residential			Real Estate-Commercial			Real Estate-Construction			Equity LOC			Auto			Other			Total
Allowance for credit losses
Beginning balance	$	892		$	1,086	$	138		$	4,980		$	1,500		$	687		$	1,289		$	145		$	10,717
Impact of CECL Adoption		354			148		2			1,488			(951	)		(421	)		9			(100	)		529
Charge-offs		-			-		-			-			-			-			(293	)		(15	)		(308	)
Recoveries		6			-		1			1			-			-			131			3			142
Provision		223			73		21			271			214			64			368			16			1,250
Ending balance	$	1,475		$	1,307	$	162		$	6,740		$	763		$	330		$	1,504		$	49		$	12,330
Three Months Ended March 31, 2022:
Allowance for credit losses
Beginning balance	$	1,074		$	791	$	168		$	4,549		$	1,325		$	426		$	1,911		$	108		$	10,352
Charge-offs		-			-		-			(19	)		-			-			(335	)		(19	)		(373	)
Recoveries		6			-		-			-			-			-			114			3			123
Provision		(187	)		156		(36	)		(208	)		220			128			190			37			300
Ending balance	$	893		$	947	$	132		$	4,322		$	1,545		$	554		$	1,880		$	129		$	10,402
March 31, 2022
Allowance for credit losses
Ending balance: individually evaluated for impairment	$	-		$	-	$	23		$	-		$	-		$	-		$	-		$	-		$	23
Ending balance: collectively evaluated for impairment		893			947		109			4,322			1,545			554			1,880			129			10,379
Ending balance	$	893		$	947	$	132		$	4,322		$	1,545		$	554		$	1,880		$	129		$	10,402
Loans
Ending balance: individually evaluated for impairment	$	-		$	237	$	699		$	3,276		$	100		$	362		$	-		$	-		$	4,674
Ending balance: collectively evaluated for impairment		96,787			123,179		14,938			420,235			55,568			32,240			86,768			4,297			834,012
Ending balance	$	96,787		$	123,416	$	15,637		$	423,511		$	55,668		$	32,602		$	86,768		$	4,297		$	838,686

Year Ended December 31, 2022:
Allowance for credit losses
Beginning balance	$	1,074		$	791	$	168		$	4,549		$	1,325	$	426	$	1,911		$	108		$	10,352
Charge-offs		(207	)		-		-			(19	)		-		-		(1,195	)		(40	)		(1,461	)
Recoveries		27			-		3			2			-		-		482			12			526
Provision		(2	)		295		(33	)		448			175		261		91			65			1,300
Ending balance	$	892		$	1,086	$	138		$	4,980		$	1,500	$	687	$	1,289		$	145		$	10,717
Allowance for credit losses
Ending balance: individually evaluated for impairment	$	-		$	-	$	20		$	-		$	-	$	-	$	-		$	-		$	20
Ending balance: collectively evaluated for impairment		892			1,086		118			4,980			1,500		687		1,289			145			10,697
Ending balance	$	892		$	1,086	$	138		$	4,980		$	1,500	$	687	$	1,289		$	145		$	10,717
Loans
Ending balance: individually evaluated for impairment	$	-		$	232	$	678		$	-		$	94	$	244	$	-		$	-		$	1,248
Ending balance: collectively evaluated for impairment		76,680			122,641		14,646			516,107			43,326		35,647		96,750			4,904			910,701
Ending balance	$	76,680		$	122,873	$	15,324		$	516,107		$	43,420	$	35,891	$	96,750		$	4,904		$	911,949

Financing Receivable, Past Due [Table Text Block]

									Total
March 31, 2023					90 Days				Past Due
		30-59 Days		60-89 Days		and Still				and
	Past Due		Past Due		Accruing		Nonaccrual		Nonaccrual		Current		Total
Commercial	$	1,667	$	2,261	$	-	$	58	$	3,986	$	73,228	$	77,214
Agricultural		373		-		214		847		1,434		117,032		118,466
Real estate – residential		-		-		-		201		201		14,574		14,775
Real estate – commercial		1,888		-		154		965		3,007		518,663		521,670
Real estate - construction & land		938		-		-		-		938		41,404		42,342
Equity Lines of Credit		64		134		-		648		846		35,767		36,613
Auto		1,426		452		0		863		2,741		99,531		102,272
Other		75		-		0		21		96		4,904		5,000
Total	$	6,431	$	2,847	$	368	$	3,603	$	13,249	$	905,103	$	918,352

									Total
December 31, 2022					90 Days				Past Due
		30-89 Days		60-89 Days		and Still				and
	Past Due		Past Due		Accruing		Nonaccrual		Nonaccrual		Current		Total
Commercial	$	750	$	195	$	-	$	-	$	945	$	75,735	$	76,680
Agricultural		877		-		-		-		877		121,996		122,873
Real estate – residential		437		-		-		211		648		14,676		15,324
Real estate - commercial		3,255		-		-		9		3,264		512,843		516,107
Real estate - construction & land		-		-		-		83		83		43,337		43,420
Equity Lines of Credit		665		53		-		417		1,135		34,756		35,891
Auto		1,862		693		-		452		3,007		93,743		96,750
Other		1		14		-		-		15		4,889		4,904
Total	$	7,847	$	955	$	-	$	1,172	$	9,974	$	901,975	$	911,949

Financing Receivable, Collateral Dependent Loans [Table Text Block]

March 31, 2023
					SFR-1st		SFR-2nd		Auto		Auto
	Office		Crops		Deed		Deed		New		Used		Total
Commercial	$	-	$	-	$	57	$	-	$	-	$	-	$	57
Agricultural		-		847		-		-		-		-		847
Real estate – residential		-		-		201		-		-		-		201
Real estate – commercial		951		-		-		14		-		-		965
Real estate - construction & land		-		-		-		-		-		-		-
Equity Lines of Credit		-		-		296		352		-		-		648
Auto		-		-		-		-		608		255		863
Other		-		-		-		-		-		-		-
Total	$	951	$	847	$	554	$	366	$	608	$	255	$	3,581

Consumer Portfolio Segment [Member]

Notes Tables

Financing Receivable Credit Quality Indicators [Table Text Block]

	Consumer Credit Exposure
	Credit Risk Profile Based on Payment Activity
	December 31, 2022
	Auto		Other		Total
Grade:
Performing	$	96,298	$	4,904	$	101,202
Non-performing		452		-		452
Total	$	96,750	$	4,904	$	101,654