Note 4 - Loans (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

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

(in thousands)	June 30, 2024			December 31, 2023
Commercial real estate:
Construction & land	$	46,080		$	63,060
Multi-family		57,371			54,045
Owner occupied		221,790			210,407
Non-owner occupied		504,954			470,052
Farmland		94,712			96,188
Commercial and industrial		74,868			65,218
Consumer		33,229			31,687
Agriculture		37,033			25,922
Total loans		1,070,037			1,016,579
Less:
Deferred loan fees and costs, net		(1,318	)		(1,406	)
Allowance for credit losses		(11,121	)		(10,896	)
Net loans	$	1,057,598		$	1,004,277

Financing Receivable, Past Due [Table Text Block]

June 30, 2024	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total		90 Days or More Past Due and Still Accruing
Commercial real estate:
Construction & land	$	0	$	0	$	0	$	0	$	46,080	$	46,080	$	0
Multi-family		0		0		0		0		57,371		57,371		0
Owner occupied		0		0		0		0		221,790		221,790		0
Non-owner occupied		0		0		0		0		504,954		504,954		0
Farmland		0		0		0		0		94,712		94,712		0
Commercial and industrial		0		0		0		0		74,868		74,868		0
Consumer		0		0		0		0		33,229		33,229		0
Agriculture		0		0		0		0		37,033		37,033		0
Total	$	0	$	0	$	0	$	0	$	1,070,037	$	1,070,037	$	0

December 31, 2023	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total		90 Days or More Past Due and Still Accruing
Commercial real estate:
Construction & land	$	0	$	0	$	0	$	0	$	63,060	$	63,060	$	0
Multi-family		0		0		0		0		54,045		54,045		0
Owner occupied		0		0		0		0		210,407		210,407		0
Non-owner occupied		0		0		0		0		470,052		470,052		0
Farmland		0		0		0		0		96,188		96,188		0
Commercial and industrial		0		0		0		0		65,218		65,218		0
Consumer		0		0		0		0		31,687		31,687		0
Agriculture		0		0		0		0		25,922		25,922		0
Total	$	0	$	0	$	0	$	0	$	1,016,579	$	1,016,579	$	0

Financing Receivable Credit Quality Indicators [Table Text Block]

	As of June 30, 2024
(in thousands)	Term Loans Amortized Cost Basis by Origination Year
Risk Grade Ratings	2024		2023		2022		2021		2020		Prior		Revolving Loans		Total
Commercial real estate - construction & land
Pass	$	3,960	$	16,357	$	22,031	$	923	$	0	$	2,809	$	0	$	46,080
Total commercial real estate - construction & land		3,960		16,357		22,031		923		0		2,809		0		46,080
Commercial real estate - multi-family
Pass		3,904		4,746		6,907		7,738		3,413		30,663		0		57,371
Total commercial real estate - multi-family		3,904		4,746		6,907		7,738		3,413		30,663		0		57,371
Commercial real estate - owner occupied
Pass		16,836		9,913		43,013		47,255		24,678		67,645		63		209,403
Special mention		0		0		0		7,541		0		284		0		7,825
Substandard		0		0		0		0		0		4,562		0		4,562
Total commercial real estate - owner occupied		16,836		9,913		43,013		54,796		24,678		72,491		63		221,790
Commercial real estate - non-owner occupied
Pass		19,539		88,887		87,073		79,806		40,724		184,261		2,261		502,551
Special mention		0		0		0		0		0		2,403		0		2,403
Total commercial real estate - non-owner occupied		19,539		88,887		87,073		79,806		40,724		186,664		2,261		504,954
Commercial real estate - Farmland
Pass		4,935		13,474		10,212		16,740		14,769		28,494		0		88,624
Special mention		0		0		0		0		0		6,088		0		6,088
Total commercial real estate - farmland		4,935		13,474		10,212		16,740		14,769		34,582		0		94,712
Commercial and Industrial
Pass		10,151		12,071		10,554		7,874		4,764		5,078		24,304		74,796
Special mention		0		0		0		0		0		3		0		3
Substandard		0		0		0		0		0		69		0		69
Total commercial and industrial		10,151		12,071		10,554		7,874		4,764		5,150		24,304		74,868
Consumer
Pass		2,524		1,119		4,914		3,660		2,152		9,260		9,555		33,184
Substandard		1		0		0		0		0		44		0		45
Total consumer		2,525		1,119		4,914		3,660		2,152		9,304		9,555		33,229
Agriculture
Pass		28		1,907		1,225		1,290		0		577		25,851		30,878
Special mention		0		1,585		0		0		0		0		4,570		6,155
Total agriculture		28		3,492		1,225		1,290		0		577		30,421		37,033
Total by Risk Category
Pass		61,877		148,474		185,929		165,286		90,500		328,787		62,034		1,042,887
Special mention		0		1,585		0		7,541		0		8,778		4,570		22,474
Substandard		1		0		0		0		0		4,675		0		4,676
Total	$	61,878	$	150,059	$	185,929	$	172,827	$	90,500	$	342,240	$	66,604	$	1,070,037

	As of December 31, 2023
(in thousands)	Term Loans Amortized Cost Basis by Origination Year
Risk Grade Ratings	2023		2022		2021		2020		2019		Prior		Revolving Loans		Total
Commercial real estate - Construction & land
Pass	$	16,237	$	42,670	$	1,259	$	0	$	1,244	$	1,650	$	0	$	63,060
Total commercial real estate - construction & land		16,237		42,670		1,259		0		1,244		1,650		0		63,060
Commercial real estate - Multi-family
Pass		3,803		6,976		8,711		3,473		6,780		24,302		0		54,045
Total commercial real estate - multi-family		3,803		6,976		8,711		3,473		6,780		24,302		0		54,045
Commercial real estate - Owner occupied
Pass		10,031		40,666		48,377		25,642		14,341		57,971		251		197,279
Special mention		0		0		7,683		0		0		289		530		8,502
Substandard		0		0		0		0		4,626		0		0		4,626
Total commercial real estate - owner occupied		10,031		40,666		56,060		25,642		18,967		58,260		781		210,407
Commercial real estate - Non-owner occupied
Pass		78,417		71,236		81,386		43,531		44,413		145,073		1,879		465,935
Special mention		0		0		0		0		0		4,117		0		4,117
Total commercial real estate - non-owner occupied		78,417		71,236		81,386		43,531		44,413		149,190		1,879		470,052
Commercial real estate - Farmland
Pass		14,377		10,393		1,667		15,392		6,551		31,610		15,717		95,707
Special mention		0		0		0		0		0		481		0		481
Total commercial real estate - farmland		14,377		10,393		1,667		15,392		6,551		32,091		15,717		96,188
Commercial and Industrial
Pass		10,967		11,268		9,608		6,018		4,384		2,239		20,502		64,986
Special mention		0		0		0		139		0		6		0		145
Substandard		0		0		0		0		0		87		0		87
Total commercial and industrial		10,967		11,268		9,608		6,157		4,384		2,332		20,502		65,218
Consumer
Pass		1,234		5,042		4,104		2,213		2,074		7,555		8,529		30,751
Special mention		0		0		0		0		0		0		890		890
Substandard		0		0		0		0		0		46		0		46
Total consumer		1,234		5,042		4,104		2,213		2,074		7,601		9,419		31,687
Agriculture
Pass		3,032		1,707		1,309		0		214		488		18,984		25,734
Special mention		0		0		0		0		0		0		188		188
Total agriculture		3,032		1,707		1,309		0		214		488		19,172		25,922
Total by Risk Category
Pass		138,098		189,958		156,421		96,269		80,001		270,888		65,862		997,497
Special mention		0		0		7,683		139		0		4,893		1,608		14,323
Substandard		0		0		0		0		4,626		133		0		4,759
Total	$	138,098	$	189,958	$	164,104	$	96,408	$	84,627	$	275,914	$	67,470	$	1,016,579

	Three Months Ended June 30, 2024
(in thousands)	Term Loans Charged-off by Origination Year
Chargeoffs	2024		2023		2022		2021		2020		Prior		Revolving Loans		Total
Commercial real estate:
Construction & land	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0
Multi-family		0		0		0		0		0		0		0		0
Owner occupied		0		0		0		0		0		0		0		0
Non-owner occupied		0		0		0		0		0		0		0		0
Farmland		0		0		0		0		0		0		0		0
Commercial and industrial		0		0		0		0		0		0		0		0
Consumer		0		0		0		0		0		0		10		10
Agriculture		0		0		0		0		0		0		0		0
Total	$	0	$	0	$	0	$	0	$	0	$	0	$	10	$	10

	Six Months Ended June 30, 2024
(in thousands)	Term Loans Charged-off by Origination Year
Chargeoffs	2024		2023		2022		2021		2020		Prior		Revolving Loans		Total
Commercial real estate:
Construction & land	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0
Multi-family		0		0		0		0		0		0		0		0
Owner occupied		0		0		0		0		0		0		0		0
Non-owner occupied		0		0		0		0		0		0		0		0
Farmland		0		0		0		0		0		0		0		0
Commercial and industrial		0		0		0		0		0		0		0		0
Consumer		0		0		0		0		0		0		25		25
Agriculture		0		0		0		0		0		0		0		0
Total	$	0	$	0	$	0	$	0	$	0	$	0	$	25	$	25

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

Allowance for Credit Losses
For the Three and Six Months Ended June 30, 2024 and 2023
(in thousands)
Three Months Ended June 30, 2024	CRE Construction & Land			CRE Multi- family			CRE Owner occupied			CRE Non- owner occupied			CRE Farmland			Commercial and Industrial			Consumer			Agriculture			Total
Beginning balance	$	1,059		$	634		$	1,809		$	4,620		$	1,462		$	1,022		$	235		$	81		$	10,922
Charge-offs		0			0			0			0			0			0			(10	)		0			(10	)
Recoveries		206			0			0			0			0			0			3			0			209
Provision for (reversal of) credit losses		(356	)		32			47			144			(53	)		155			11			20			0
Ending balance	$	909		$	666		$	1,856		$	4,764		$	1,409		$	1,177		$	239		$	101		$	11,121
Six Months Ended June 30, 2024
Beginning balance	$	1,227		$	667		$	1,805		$	4,805		$	1,468		$	650		$	227		$	47		$	10,896
Charge-offs		0			0			0			0			0			0			(25	)		0			(25	)
Recoveries		242			0			0			0			0			0			8			0			250
Provision for (reversal of) credit losses		(560	)		(1	)		51			(41	)		(59	)		527			29			54			0
Ending balance	$	909		$	666		$	1,856		$	4,764		$	1,409		$	1,177		$	239		$	101		$	11,121
Three Months Ended June 30, 2023
Beginning balance	$	757		$	509		$	1,955		$	4,344		$	902		$	679		$	203		$	34		$	9,383
CECL Day-One Adjustments		0			0			0			0			0			0			0			0			0
Charge-offs		0			0			0			0			0			0			(9	)		0			(9	)
Recoveries		34			0			0			0			0			0			3			0			37
Provision for (reversal of) credit losses		(213	)		5			(11	)		284			(1	)		(79	)		10			5			0
Ending balance	$	578		$	514		$	1,944		$	4,628		$	901		$	600		$	207		$	39		$	9,411
Six Months Ended June 30, 2023
Beginning balance	$	1,055		$	479		$	1,798		$	4,211		$	830		$	612		$	311		$	172		$	9,468
CECL Day-One Adjustments		338			23			103			25			12			102			(120	)		(137	)		346
Charge-offs		0			0			0			0			0			(12	)		(17	)		0			(29	)
Recoveries		68			0			0			0			0			12			6			0			86
Provision for (reversal of) credit losses		(883	)		12			43			392			59			(114	)		27			4			(460	)
Ending balance	$	578		$	514		$	1,944		$	4,628		$	901		$	600		$	207		$	39		$	9,411

(in thousands)
June 30, 2024	CRE Construction & Land		CRE Multi- family		CRE Owner occupied		CRE Non- owner occupied		CRE Farmland		Commercial and Industrial		Consumer		Agriculture		Total
Allowance for credit losses for loans:
Individually evaluated for impairment	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0
Collectively evaluated for impairment		909		666		1,856		4,764		1,409		1,177		239		101		11,121
	$	909	$	666	$	1,856	$	4,764	$	1,409	$	1,177	$	239	$	101	$	11,121
Ending gross loan balances:
Individually evaluated for impairment	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0
Collectively evaluated for impairment		46,080		57,371		221,790		504,954		94,712		74,868		33,229		37,033		1,070,037
	$	46,080	$	57,371	$	221,790	$	504,954	$	94,712	$	74,868	$	33,229	$	37,033	$	1,070,037
December 31, 2023
Allowance for credit losses for loans:
Individually evaluated for impairment	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0
Collectively evaluated for impairment		1,227		667		1,805		4,805		1,468		650		227		47		10,896
	$	1,227	$	667	$	1,805	$	4,805	$	1,468	$	650	$	227	$	47	$	10,896
Ending gross loan balances:
Individually evaluated for impairment	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0
Collectively evaluated for impairment		63,060		54,045		210,407		470,052		96,188		65,218		31,687		25,922		1,016,579
	$	63,060	$	54,045	$	210,407	$	470,052	$	96,188	$	65,218	$	31,687	$	25,922	$	1,016,579

Change in Allowance for Loan Losses [Table Text Block]

(in thousands)	THREE MONTHS ENDED JUNE 30,					SIX MONTHS ENDED JUNE 30,
	2024		2023			2024			2023
Balance, beginning of period	$	531	$	741		$	609		$	546
CECL day-one adjustment		0		0			0			547
(Reversal of) Provision to Operations for Off Balance Sheet Commitments		0		(70	)		(78	)		(422	)
Balance, end of period	$	531	$	671		$	531		$	671