Note 4 - Loans and the Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

	March 31,			December 31,
	2024			2023
Commercial	$	82,136		$	74,271
Agricultural		123,239			129,389
Real estate – residential		11,872			11,914
Real estate – commercial		562,870			544,339
Real estate – construction and land development		64,547			57,717
Equity lines of credit (Equity LOC)		37,196			37,871
Auto		89,399			98,132
Other		4,953			4,931
Total loans		976,212			958,564
Deferred loan costs, net		3,086			2,907
Loans, amortized cost basis		979,298			961,471
Allowance for credit losses		(13,157	)		(12,867	)
Total net loans	$	966,141		$	948,604

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

	March 31,			December 31,
	2024			2023
Balance, beginning of period	$	12,867		$	10,717
Cumulative change from adoption of ASU 2016-13		-			529
Provision charged to operations - loans		900			2,575
Charge-offs		(680	)		(1,802	)
Recoveries		70			848
Balance, end of period	$	13,157		$	12,867

Financing Receivable Credit Quality Indicators [Table Text Block]

	Amortized Cost Basis by Origination Year and Risk Grades - As of March 31, 2024
(in thousands)	2024		2023		2022		2021		2020		Prior		Revolving Loans Book Amortized Cost Basis		Revolving Loans Converted to Term Amortized Cost Basis		Total - Amortized Cost Basis
Commercial
Pass	$	7,017	$	16,166	$	18,484	$	11,085	$	3,003	$	8,990	$	15,678	$	-	$	80,423
Special Mention		-		-		-		295		-		65		252		-		612
Substandard		-		-		1,120		288		328		53		22		-		1,811
Total Commercial loans	$	7,017	$	16,166	$	19,604	$	11,668	$	3,331	$	9,108	$	15,952	$	-	$	82,846
Current period gross charge-offs	$	-			$	43											$	43
Agricultural
Pass	$	2,169	$	10,104	$	16,712	$	12,909	$	14,907	$	30,165	$	14,410	$	-	$	101,376
Special Mention		1,157		1,525		755		95		1,329		1,726		423		-		7,010
Substandard		-		4,226		6,837		3,075		-		999		-		-		15,137
Total Agricultural	$	3,326	$	15,855	$	24,304	$	16,079	$	16,236	$	32,890	$	14,833	$	-	$	123,523
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Real Estate - Residential
Pass	$	-	$	1,121	$	-	$	2,125	$	2,426	$	5,137	$	252	$	-	$	11,061
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		839		-		-		839
Total Real Estate - Residential	$	-	$	1,121	$	-	$	2,125	$	2,426	$	5,976	$	252	$	-	$	11,900
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Real Estate -Commercial
Pass	$	19,724	$	78,747	$	120,241	$	83,976	$	76,403	$	167,887	$	10,247	$	-	$	557,225
Special Mention		-		-		-		-		94		2,843		-		-		2,937
Substandard		-		-		11		-		270		2,652		-		-		2,933
Total Real Estate -Commercial	$	19,724	$	78,747	$	120,252	$	83,976	$	76,767	$	173,382	$	10,247	$	-	$	563,095
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Real Estate -Construction
Pass	$	1,478	$	25,813	$	29,567	$	3,681	$	976	$	882	$	1,764	$	-	$	64,161
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Total Real Estate -Construction	$	1,478	$	25,813	$	29,567	$	3,681	$	976	$	882	$	1,764	$	-	$	64,161
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Equity LOC
Pass	$	-	$	-	$	-	$	-	$	-			$	34,452	$	2,943	$	37,395
Substandard		-		-		-		-		-				339		307		646
Total Equity LOC	$	-	$	-	$	-	$	-	$	-	$	-	$	34,791	$	3,250	$	38,041
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Total
Pass	$	30,388	$	131,951	$	185,004	$	113,776	$	97,715	$	213,061	$	76,803	$	2,943	$	851,641
Special Mention		1,157		1,525		755		390		1,423		4,634		675		-		10,559
Substandard		-		4,226		7,968		3,363		598		4,543		361		307		21,366
Total	$	31,545	$	137,702	$	193,727	$	117,529	$	99,736	$	222,238	$	77,839	$	3,250	$	883,566
Current period gross charge-offs	$	-	$	-	$	43	$	-	$	-	$	-	$	-	$	-	$	43
Auto
Performing	$	-	$	29,872	$	29,531	$	14,772	$	7,595	$	8,182	$	-	$	-	$	89,952
Non-performing		-		101		103		191		199		191		-		-		785
Total Auto	$	-	$	29,973	$	29,634	$	14,963	$	7,794	$	8,373	$	-	$	-	$	90,737
Current period gross charge-offs	$	-	$	127	$	264	$	46	$	65	$	131	$	-	$	-	$	633
Other
Performing	$	876	$	1,875	$	1,227	$	637	$	178	$	55	$	144	$	-	$	4,992
Non-performing		-		-		3		-		-		-		-		-		3
Total Other	$	876	$	1,875	$	1,230	$	637	$	178	$	55	$	144	$	-	$	4,995
Current period gross charge-offs	$	-	$	2	$	1	$	-	$	-	$	1	$	-	$	-	$	4
Total
Performing	$	876	$	31,747	$	30,758	$	15,409	$	7,773	$	8,237	$	144	$	-	$	94,944
Non-performing		-		101		106		191		199		191		-		-		788
Total	$	876	$	31,848	$	30,864	$	15,600	$	7,972	$	8,428	$	144	$	-	$	95,732
Total Loans	$	32,421	$	169,550	$	224,591	$	133,129	$	107,708	$	230,666	$	77,983	$	3,250	$	979,298
Total gross charge-offs	$	-	$	129	$	308	$	46	$	65	$	132	$	-	$	-	$	680

	Term Loans
	Amortized Cost Basis by Origination Year and Risk Grades - As of December 31, 2023
(in thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Book Balance Basis		Revolving loans converted to term Book Balance Basis		Total
Commercial
Pass	$	15,549	$	18,995	$	11,603	$	3,472	$	4,291	$	5,165	$	13,079	$	-	$	72,154
Special Mention		-		-		302		-		31		68		170		-		571
Substandard		-		1,532		289		340		-		24		23		-		2,208
Total Commercial loans	$	15,549	$	20,527	$	12,194	$	3,812	$	4,322	$	5,257	$	13,272	$	-	$	74,933
Current period gross charge-offs	$	-	$	34	$	40	$	14	$	-	$	10	$	25	$	-	$	123
Agricultural
Pass	$	12,028	$	17,382	$	13,182	$	15,550	$	11,495	$	20,704	$	18,925	$	-	$	109,266
Special Mention		1,852		813		97		1,017		16		817		621		-		5,233
Substandard		6,226		6,878		1,075		-		752		248		-		-		15,179
Total Agricultural	$	20,106	$	25,073	$	14,354	$	16,567	$	12,263	$	21,769	$	19,546	$	-	$	129,678
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Real Estate - Residential
Pass	$	1,127	$	-	$	2,143	$	2,447	$	524	$	4,676	$	201		-	$	11,118
Substandard		-		-		-		-		59		765		-		-		824
Total Real Estate - Residential	$	1,127	$	-	$	2,143	$	2,447	$	583	$	5,441	$	201		-	$	11,942
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Real Estate -Commercial
Pass	$	74,595	$	115,890	$	90,436	$	76,401	$	40,256	$	133,958	$	6,246		-	$	537,782
Special Mention		-		-		-		199		-		3,316		-		-		3,515
Substandard		-		12		-		281		353		2,271		-		-		2,917
Total Real Estate -Commercial	$	74,595	$	115,902	$	90,436	$	76,881	$	40,609	$	139,545	$	6,246		-	$	544,214
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Real Estate -Construction
Pass	$	18,878	$	30,825	$	3,717	$	1,672	$	619	$	281	$	1,368	$	-	$	57,360
Total Real Estate -Construction	$	18,878	$	30,825	$	3,717	$	1,672	$	619	$	281	$	1,368	$	-	$	57,360
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Equity LOC
Pass	$	-	$	-	$	-	$	-	$	-			$	35,122	$	3,018	$	38,140
Substandard		-		-		-		-		-				319		254		573
Total Equity LOC	$	-	$	-	$	-	$	-	$	-	$	-	$	35,441	$	3,272	$	38,713
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Total
Pass	$	122,177	$	183,092	$	121,081	$	99,542	$	57,185	$	164,784	$	74,941	$	3,018	$	825,820
Special Mention		1,852		813		399		1,216		47		4,201		791		-		9,319
Substandard		6,226		8,422		1,364		621		1,164		3,308		342		254		21,701
Total	$	130,255	$	192,327	$	122,844	$	101,379	$	58,396	$	172,293	$	76,074	$	3,272	$	856,840
Current period gross charge-offs	$	-	$	34	$	40	$	14	$	-	$	10	$	25	$	-	$	123
Auto
Performing	$	31,880	$	31,913	$	16,246	$	8,554	$	6,329	$	3,689	$	-	$	-	$	98,611
Non-performing		167		228		179		210		228		37		-		-		1,049
Total Auto	$	32,047	$	32,141	$	16,425	$	8,764	$	6,557	$	3,726	$	-	$	-	$	99,660
Current period gross charge-offs	$	-	$	367	$	569	$	237	$	255	$	122	$	-	$	-	$	1,550
Other
Performing	$	2,411	$	1,354	$	719	$	252	$	57	$	15	$	159	$	-	$	4,967
Non-performing		-		4		-		-		-		-		-		-		4
Total Other	$	2,411	$	1,358	$	719	$	252	$	57	$	15	$	159	$	-	$	4,971
Current period gross charge-offs	$	-	$	70	$	33	$	9	$	12	$	3	$	2	$	-	$	129
Total
Performing	$	34,291	$	33,267	$	16,965	$	8,806	$	6,386	$	3,704	$	159	$	-	$	103,578
Non-performing		167		232		179		210		228		37		-		-		1,053
Total	$	34,458	$	33,499	$	17,144	$	9,016	$	6,614	$	3,741	$	159	$	-	$	104,631
Total Loans	$	164,713	$	225,826	$	139,988	$	110,395	$	65,010	$	176,034	$	76,233	$	3,272	$	961,471
Total gross charge-offs	$	-	$	471	$	642	$	260	$	267	$	135	$	27	$	-	$	1,802

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

	Non Performing Loans
	March 31, 2024						December 31, 2023
(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	$	67	$	124	$	-	$	75	$	132	$	-
Agricultural		2,066		2,066		-		2,066		2,066		-
Real estate – residential		662		662		-		223		223		-
Real estate – commercial		1,324		1,324		-		774		774		-
Real estate – construction & land development		-		-		-		-		-		-
Equity lines of credit		646		646		-		572		572		-
Auto		785		785		-		1,049		1,049		-
Other		3		3		-		4		4		-
Total Gross Loans	$	5,553	$	5,610	$	-	$	4,763	$	4,820	$	-

Financing Receivable, Reversal of Accrued Interest Income [Table Text Block]

Three months ended March 31, 2024
(in thousands)		Interest Reversed
Commercial	$	4
Real estate – residential		9
Real estate – commercial		14
Equity Lines of Credit		10
Auto		2
Total	$	39

Financing Receivable, Modified [Table Text Block]

	Term Extension
(in thousands)	Amortized Cost Basis		Total Class of Financing Receivable
Commercial		36		0.04	%

	Term Extension
(in thousands)	Amortized Cost Basis		Total Class of Financing Receivable
Commercial		1,489		1.92	%
Agricultural		4,367		3.32	%
Total	$	5,856		0.62	%

Financing Receivable, Modified, Financial Effect [Table Text Block]

	Weighted-Average Term Extension (in months)
Commercial		6.0

	Weighted-Average Term Extension (in months)
Commercial		6.0
Agricultural		10.0
Total		9.1

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

Three Months Ended March 31, 2024:	Commercial			Agricultural			Real Estate-Residential			Real Estate-Commercial		Real Estate-Construction			Equity LOC			Auto			Other			Total
Allowance for credit losses
Beginning balance	$	1,134		$	1,738		$	137		$	6,678	$	797		$	439		$	1,865		$	79		$	12,867
Charge-offs		(43	)		-			-			-		-			-			(633	)		(4	)		(680	)
Recoveries		9			-			1			-		-			-			57			3			70
Provision		211			(86	)		(4	)		239		121			(2	)		411			10			900
Ending balance	$	1,311		$	1,652		$	134		$	6,917	$	918		$	437		$	1,700		$	88		$	13,157
Three Months Ended March 31, 2023:
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

Financing Receivable, Past Due [Table Text Block]

									Total
March 31, 2024					90 Days				Past Due
	30-59 Days		60-89 Days		and Still				and
	Past Due		Past Due		Accruing		Nonaccrual		Nonaccrual		Current		Total
Commercial	$	385	$	175	$	-	$	124	$	684	$	82,162	$	82,846
Agricultural		22		4,977		-		2,066		7,065		116,458		123,523
Real estate – residential		-		157		-		662		819		11,081		11,900
Real estate – commercial		1,316		-		-		1,324		2,640		560,455		563,095
Real estate - construction & land		-		624		-		-		624		63,537		64,161
Equity Lines of Credit		155		-		-		646		801		37,240		38,041
Auto		1,485		332		-		785		2,602		88,135		90,737
Other		10		42		-		3		55		4,940		4,995
Total	$	3,373	$	6,307	$	-	$	5,610	$	15,290	$	964,008	$	979,298

									Total
December 31, 2023					90 Days				Past Due
	30-89 Days		60-89 Days		and Still				and
	Past Due		Past Due		Accruing		Nonaccrual		Nonaccrual		Current		Total
Commercial	$	21	$	254	$	-	$	132	$	407	$	74,526	$	74,933
Agricultural		82		-		-		2,066		2,148		127,530		129,678
Real estate – residential		348		423		-		223		994		10,948		11,942
Real estate - commercial		587		-		-		774		1,361		542,853		544,214
Real estate - construction & land		-		-		-		-		-		57,360		57,360
Equity Lines of Credit		473		53		-		572		1,098		37,615		38,713
Auto		1,729		405		-		1,049		3,183		96,477		99,660
Other		19		3		-		4		26		4,945		4,971
Total	$	3,259	$	1,138	$	-	$	4,820	$	9,217	$	952,254	$	961,471

Financing Receivable, Collateral Dependent Loans [Table Text Block]

					Commercial -1st		SFR-1st		SFR-2nd		SFR-3rd		Auto		Auto
	Equipment		Crops		Deed		Deed		Deed		Deed		New		Used		Total
Commercial	$	102	$	-	$	-	$	-	$	-			$	-	$	-	$	102
Agricultural		-		2,066				-		-				-		-		2,066
Real estate – residential		-		-				662		-				-		-		662
Real estate – commercial		-		-		269		963		39		53				-		1,324
Real estate - construction & land		-		-				-		-				-		-		-
Equity Lines of Credit		-		-				140		506				-		-		646
Auto		-		-				-		-				502		273		775
Other		-		-				-		-				-		-		-
Total	$	102	$	2,066	$	269	$	1,765	$	545	$	53	$	502	$	273	$	5,575

					Commercial -1st		SFR-1st		SFR-2nd				Auto		Auto
	Equipment		Crops		Deed		Deed		Deed		Inventory		New		Used		Total
Commercial	$	64	$	-	$	-	$	-	$	-	$	45	$	-	$	-	$	109
Agricultural		-		2,066		-		-		-		-		-		-		2,066
Real estate – residential		-		-		-		223		-		-		-		-		223
Real estate – commercial		-		-		279		454		41		-		-		-		774
Real estate - construction & land		-		-		-		-		-		-		-		-		-
Equity Lines of Credit		-		-		-		208		365		-		-		-		573
Auto		-		-		-		-		-		-		755		294		1,049
Other		-		-		-		-		-		-		-		-		-
Total	$	64	$	2,066	$	279	$	885	$	406	$	45	$	755	$	294	$	4,794