Note 4 - Loans Receivable (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

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

	June 30,			December 31,
	2023			2022
	(In Thousands)
Real estate loans:
Residential 1-4 family	$	182,953		$	195,703
Commercial real estate		875,545			826,549
Other loans:
Home equity		80,333			74,271
Consumer		30,065			27,609
Commercial		252,587			231,291
Total		1,421,483			1,355,423
Deferred loan fees, net(1)		-			(1,745	)
Allowance for credit losses (2)		(15,560	)		(14,000	)
Total loans, net	$	1,405,923		$	1,339,678
(1) Deferred loan fees, net are included in individual loan categories above and totaled $1.48 million for the quarter ended June 30, 2023.
(2) Allowance for credit losses for the quarter ended June 30, 2023; allowance for loan losses for prior periods.

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

	Residential		Commercial		Home
	1-4 Family		Real Estate		Equity		Consumer			Commercial			Total
	(In Thousands)
Allowance for credit losses on loans:
Beginning balance, March 31, 2023	$	1,580	$	9,732	$	513	$	344		$	2,831		$	15,000
Charge-offs		-		-		-		(29	)		(26	)		(55	)
Recoveries		189		6		9		-			2			206
Provision		17		273		4		3			112			409
Total ending allowance balance, June 30, 2023	$	1,786	$	10,011	$	526	$	318		$	2,919		$	15,560

	Residential		Commercial		Home
	1-4 Family		Real Estate		Equity		Consumer			Commercial			Total
	(In Thousands)
Allowance for credit losses on loans:
Beginning balance, December 31, 2022, prior to adoption of ASC 326	$	1,472	$	9,037	$	509	$	342		$	2,640		$	14,000
Impact of adopting ASC 326		21		534		3		1			141			700
Charge-offs		-		-		-		(30	)		(26	)		(56	)
Recoveries		195		11		9		1			12			228
Provision		98		429		5		4			152			688
Total ending allowance balance, June 30, 2023	$	1,786	$	10,011	$	526	$	318		$	2,919		$	15,560

	Residential		Commercial		Home
	1-4 Family		Real Estate		Equity			Consumer			Commercial			Total
	(In Thousands)
Allowance for loan losses:
Beginning balance, March 31, 2022	$	1,616	$	7,659	$	536		$	357		$	2,532		$	12,700
Charge-offs		-		-		(32	)		-			(215	)		(247	)
Recoveries		-		8		-			1			5			14
Provision		27		670		3			3			155			858
Ending balance, June 30, 2022	$	1,643	$	8,337	$	507		$	361		$	2,477		$	13,325
Allowance for loan losses:
Beginning balance, December 31, 2021	$	1,596	$	7,470	$	533		$	365		$	2,536		$	12,500
Charge-offs		-		-		(32	)		(8	)		(299	)		(339	)
Recoveries		-		14		-			1			12			27
Provision		47		853		6			3			228			1,137
Ending balance, June 30, 2022	$	1,643	$	8,337	$	507		$	361		$	2,477		$	13,325
Ending balance, June 30, 2022 allocated to loans individually evaluated for impairment	$	199	$	-	$	-		$	-		$	319		$	518
Ending balance, June 30, 2022 allocated to loans collectively evaluated for impairment	$	1,444	$	8,337	$	507		$	361		$	2,158		$	12,807
Loans receivable:
Ending balance, June 30, 2022	$	186,229	$	743,326	$	62,445		$	25,775		$	234,741		$	1,252,516
Ending balance, June 30, 2022 of loans individually evaluated for impairment	$	573	$	1,173	$	119		$	35		$	1,670		$	3,570
Ending balance, June 30, 2022 of loans collectively evaluated for impairment	$	185,656	$	742,153	$	62,326		$	25,740		$	233,071		$	1,248,946

Financing Receivable Credit Quality Indicators [Table Text Block]

	June 30, 2023
	2023		2022		2021		2020		2019		Prior		Revolving Loans		Total Loans
	(In Thousands)
RESIDENTIAL 1-4 FAMILY
Pass	$	5,455	$	37,629	$	25,727	$	15,883	$	11,654	$	33,829	$	2,501	$	132,678
Special Mention		-		-		-		-		-		232		-		232
Substandard		-		-		-		-		-		527		-		527
Total Residential 1-4 family		5,455		37,629		25,727		15,883		11,654		34,588		2,501		133,437
RESIDENTIAL 1-4 FAMILY CONSTRUCTION
Pass		3,820		33,921		11,158		-		-		301		316		49,516
Special Mention		-		-		-		-		-		-		-		-
Total Residential 1-4 family construction		3,820		33,921		11,158		-		-		301		316		49,516
COMMERCIAL REAL ESTATE
Pass		32,372		135,828		144,174		55,342		57,149		113,899		31,868		570,632
Special Mention		544		-		-		-		3,533		2,360		-		6,437
Substandard		-		-		-		-		-		667		-		667
Total Commercial real estate		32,916		135,828		144,174		55,342		60,682		116,926		31,868		577,736
COMMERCIAL CONSTRUCTION AND DEVELOPMENT
Pass		10,124		84,040		43,024		6,854		7,027		4,336		2,110		157,515
Special Mention		-		-		-		-		-		1,004		-		1,004
Total Commercial construction and development		10,124		84,040		43,024		6,854		7,027		5,340		2,110		158,519
FARMLAND
Pass		10,005		36,986		20,607		23,127		9,799		31,413		4,053		135,990
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		407		-		1,091		183		1,619		-		3,300
Total Farmland		10,005		37,393		20,607		24,218		9,982		33,032		4,053		139,290
HOME EQUITY
Pass		611		5,098		389		591		657		2,291		70,502		80,139
Substandard		-		-		-		-		-		114		80		194
Total Home Equity		611		5,098		389		591		657		2,405		70,582		80,333
CONSUMER
Pass		8,096		10,213		4,510		2,613		761		1,649		2,086		29,928
Special Mention		-		-		-		-		-		-		-		-
Substandard		15		33		7		51		3		11		17		137
Total Consumer		8,111		10,246		4,517		2,664		764		1,660		2,103		30,065
COMMERCIAL
Pass		15,901		25,832		26,184		22,643		3,801		7,356		26,563		128,280
Special Mention		-		-		-		29		-		140		418		587
Substandard		-		72		18		96		19		-		4		209
Doubtful		-		-		-		-		-		8		-		8
Total Commercial		15,901		25,904		26,202		22,768		3,820		7,504		26,985		129,084
AGRICULTURAL
Pass		29,776		26,608		8,917		6,948		2,150		1,733		44,467		120,599
Special Mention		-		94		-		-		-		-		-		94
Substandard		-		210		186		55		863		559		837		2,710
Doubtful		-		-		-		-		-		100		-		100
Total Agricultural		29,776		26,912		9,103		7,003		3,013		2,392		45,304		123,503
TOTAL LOANS
Pass		116,160		396,155		284,690		134,001		92,998		196,807		184,466		1,405,277
Special Mention		544		94		-		29		3,533		3,736		418		8,354
Substandard		15		722		211		1,293		1,068		3,497		938		7,744
Doubtful		-		-		-		-		-		108		-		108
Total	$	116,719	$	396,971	$	284,901	$	135,323	$	97,599	$	204,148	$	185,822	$	1,421,483

	December 31, 2022
			Special
	Pass		Mention		Substandard		Doubtful		Loss		Total
	(In Thousands)
Real estate loans:
Residential 1-4 family	$	135,079	$	515	$	353		-	$	-	$	135,947
Residential 1-4 family construction		59,756		-		-		-		-		59,756
Commercial real estate		520,505		16,833		1,732		-		-		539,070
Commercial construction and development		150,101		1,044		-		-		-		151,145
Farmland		131,646		2,232		2,456		-		-		136,334
Other loans:
Home equity		74,147		-		124		-		-		74,271
Consumer		27,560		10		39		-		-		27,609
Commercial		125,035		1,476		736		8		-		127,255
Agricultural		101,441		311		2,182		102		-		104,036
Total	$	1,325,270	$	22,421	$	7,622	$	110	$	-	$	1,355,423

Financing Receivable, Past Due [Table Text Block]

	June 30, 2023
	Loans Past Due and Still Accruing
			90 Days				Nonaccrual		Nonaccrual
	30-89 Days		and				Loans with		Loans with		Current		Total
	Past Due		Greater		Total		no ACL		ACL		Loans		Loans
	(In Thousands)
Real estate loans:
Residential 1-4 family	$	687	$	329	$	1,016	$	322	$	-	$	132,099	$	133,437
Residential 1-4 family construction		-		-		-		-		-		49,516		49,516
Commercial real estate		-		-		-		668		-		577,068		577,736
Commercial construction and development		-		-		-		-		-		158,519		158,519
Farmland		233		-		233		2,313		1,734		135,010		139,290
Other loans:
Home equity		425		-		425		178		-		79,730		80,333
Consumer		73		-		73		67		21		29,904		30,065
Commercial		633		40		673		213		-		128,198		129,084
Agricultural		27		-		27		3,196		849		119,431		123,503
Total	$	2,078	$	369	$	2,447	$	6,957	$	2,604	$	1,409,475	$	1,421,483

	December 31, 2022
	Loans Past Due and Still Accruing
			90 Days
	30-89 Days		and				Nonaccrual		Current		Total
	Past Due		Greater		Total		Loans		Loans		Loans
	(In Thousands)
Real estate loans:
Residential 1-4 family	$	1,798	$	330	$	2,128	$	483	$	133,336	$	135,947
Residential 1-4 family construction		500		-		500		-		59,256		59,756
Commercial real estate		780		-		780		350		537,940		539,070
Commercial construction and development		-		-		-		-		151,145		151,145
Farmland		1,620		-		1,620		754		133,960		136,334
Other loans:
Home equity		226		-		226		107		73,938		74,271
Consumer		93		-		93		25		27,491		27,609
Commercial		597		746		1,343		44		125,868		127,255
Agricultural		-		-		-		1,535		102,501		104,036
Total	$	5,614	$	1,076	$	6,690	$	3,298	$	1,345,435	$	1,355,423

Impaired Financing Receivables [Table Text Block]

	June 30, 2023
	Real Estate		Business Assets		Other
	(In Thousands)
Real estate loans:
Residential 1-4 family	$	411	$	-	$	-
Commercial real estate		39		628		-
Farmland		4,164		-		-
Other loans:						-
Home equity		159		-		-
Consumer		-				68
Commercial		-		353		-
Agricultural		-		2,876		-
Total	$	4,773	$	3,857	$	68

	December 31, 2022
			Unpaid
	Recorded		Principal		Related
	Investment		Balance		Allowance
	(In Thousands)
Real estate loans:
Residential 1-4 family	$	483	$	585	$	-
Residential 1-4 family construction		-		-		-
Commercial real estate		3,614		3,697		-
Commercial construction and development		-		-		-
Farmland		754		866		-
Other loans:
Home equity		107		133		-
Consumer		25		30		-
Commercial		184		232		35
Agricultural		1,535		1,633		115
Total	$	6,702	$	7,176	$	150

Impaired Financing Receivables, Average Recorded Investment [Table Text Block]

	Three Months Ended		Six Months Ended
	June 30, 2022		June 30, 2022
	Average Recorded Investment
	(In Thousands)		(In Thousands)
Real estate loans:
Residential 1-4 family	$	580	$	595
Residential 1-4 family construction		-		169
Commercial real estate		1,134		1,213
Commercial construction and development		-		-
Farmland		1,189		1,200
Other loans:
Home equity		115		117
Consumer		40		49
Commercial		68		300
Agricultural		1,654		1,672
Total	$	4,780	$	5,315