XML 37 R27.htm IDEA: XBRL DOCUMENT v3.21.2
Note 4 - Allowance for Loan Losses and Impaired Loans (Tables)
 9 Months Ended
Sep. 30, 2021
Notes Tables  
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  Allowance for Loan Losses and Recorded Investment in Loans 
    

(dollars in thousands)

 

Construction

&

Development

  

Farmland

  

Residential

  

Commercial

Mortgage

  

Commercial

&

Agricultural

  

Consumer

& Other

  

Total

 
  

For the Three Months Ended September 30, 2021

 

Allowance for loan losses:

                            

Balance, June 30, 2021

 $428  $344  $2,320  $1,843  $273  $134  $5,342 

Charge-offs

  -   -   -   -   (8)  (22)  (30)

Recoveries

  1   -   -   -   8   10   19 

Provision

  59   (32)  117   86   (3)  (8)  219 

Balance, September 30, 2021

 $488  $312  $2,437  $1,929  $270  $114  $5,550 
                             

For the Three Months Ended September 30, 2020

 

Allowance for loan losses:

                            

Balance, June 30, 2020

 $415  $472  $2,126  $1,051  $450  $140  $4,654 

Charge-offs

  (8)  -   (48)  (61)  (14)  (28)  (159)

Recoveries

  -   -   -   -   -   8   8 

Provision

  -   (8)  89   246   (38)  2   291 

Balance, September 30, 2020

 $407  $464  $2,167  $1,236  $398  $122  $4,794 
                             

For the Nine Months Ended September 30, 2021

 

Allowance for loan losses:

                            

Balance, December 31, 2020

 $499  $406  $2,167  $1,421  $293  $114  $4,900 

Charge-offs

  -   -   -   -   (8)  (73)  (81)

Recoveries

  3   -   2   61   53   36   155 

Provision

  (14)  (94)  268   447   (68)  37   576 

Balance, September 30, 2021

 $488  $312  $2,437  $1,929  $270  $114  $5,550 
  

For the Nine Months Ended September 30, 2020

 

Allowance for loan losses:

                            

Balance, December 31, 2019

 $305  $487  $1,822  $924  $211  $144  $3,893 

Charge-offs

  (8)  -   (48)  (61)  (14)  (106)  (237)

Recoveries

  4   -   11   65   2   29   111 

Provision

  106   (23)  382   308   199   55   1,027 

Balance, September 30, 2020

 $407  $464  $2,167  $1,236  $398  $122  $4,794 
                             

September 30, 2021

                            

Allowance for loan losses:

                            

Ending Balance

 $488  $312  $2,437  $1,929  $270  $114  $5,550 

Ending balance: individually evaluated for impairment

 $5  $-  $-  $-  $-  $-  $5 

Ending balance: collectively evaluated for impairment

 $483  $312  $2,437  $1,929  $270  $114  $5,545 

Ending balance: purchased credit impaired loans

 $-  $-  $-  $-  $-  $-  $- 
                             

Loans outstanding:

                            

Ending Balance

 $44,435  $28,082  $292,670  $229,118  $32,726  $21,324  $648,355 

Ending balance: individually evaluated for impairment

 $732  $2,349  $-  $-  $-  $-  $3,081 

Ending balance: collectively evaluated for impairment

 $43,703  $25,733  $292,533  $229,014  $32,630  $21,324  $644,937 

Ending balance: purchased credit impaired loans

 $-  $-  $137  $104  $96  $-  $337 
  Allowance for Loan Losses and Recorded Investment in Loans 
    

(dollars in thousands)

 

Construction

&

Development

  

Farmland

  

Residential

  

Commercial

Mortgage

  

Commercial

&

Agricultural

  

Consumer

& Other

  

Total

 
                             

December 31, 2020

                            

Allowance for loan losses:

                            

Ending Balance

 $499  $406  $2,167  $1,421  $293  $114  $4,900 

Ending balance: individually evaluated for impairment

 $-  $-  $-  $-  $-  $-  $- 

Ending balance: collectively evaluated for impairment

 $499  $406  $2,167  $1,421  $293  $114  $4,900 

Ending balance: purchased credit impaired loans

 $-  $-  $-  $-  $-  $-  $- 
                             

Loans outstanding:

                            

Ending Balance

 $46,053  $32,449  $279,893  $203,886  $33,663  $17,033  $612,977 

Ending balance: individually evaluated for impairment

 $-  $2,580  $-  $-  $-  $-  $2,580 

Ending balance: collectively evaluated for impairment

 $46,053  $29,869  $279,751  $203,773  $33,567  $17,033  $610,046 

Ending balance: purchased credit impaired loans

 $-  $-  $142  $113  $96  $-  $351 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Loan Grades

     

(dollars in thousands)

 

Pass

  

Watch

  

Special

Mention

  

Substandard

  

Total

 
                     

September 30, 2021

                    

Real Estate Secured:

                    

Construction & development

 $43,583  $-  $-  $852  $44,435 

Farmland

  22,275   840   484   4,483   28,082 

Residential

  290,317   358   604   1,391   292,670 

Commercial mortgage

  215,413   5,067   5,474   3,164   229,118 

Non-Real Estate Secured:

                    

Commercial & agricultural

  32,341   -   45   340   32,726 

SBA-PPP

  37,762   -   -   -   37,762 

Consumer & other

  21,324   -   -   -   21,324 

Total

 $663,015  $6,265  $6,607  $10,230  $686,117 
                     

December 31, 2020

                    

Real Estate Secured:

                    

Construction & development

 $44,909  $427  $122  $595  $46,053 

Farmland

  25,607   419   496   5,927   32,449 

Residential

  277,811   659   -   1,423   279,893 

Commercial mortgage

  188,156   8,692   3,647   3,391   203,886 

Non-Real Estate Secured:

                    

Commercial & agricultural

  32,467   468   161   567   33,663 

SBA-PPP

  51,118   -   -   -   51,118 

Consumer & other

  17,028   -   -   5   17,033 

Total

 $637,096  $10,665  $4,426  $11,908  $664,095 
Financing Receivable, Past Due [Table Text Block]

(dollars in thousands)

 

30-59 Days

Past Due

  

60-89 Days

Past Due

  

90 Days

or More

Past Due

  

Total

Past Due

  

Current

  

Total

Loans

  

90+ Days

Past Due

and Still

Accruing

  

Nonaccrual

Loans

 
                                 

September 30, 2021

                                

Real Estate Secured:

                                

Construction & development

 $-  $-  $426  $426  $44,009  $44,435  $-  $426 

Farmland

  -   -   127   127   27,955   28,082   -   736 

Residential

  495   40   279   814   291,856   292,670   -   663 

Commercial mortgage

  10   -   46   56   229,062   229,118   -   124 

Non-Real Estate Secured:

                                

Commercial & agricultural

  -   1   96   97   32,629   32,726   -   110 

SBA-PPP

  -   -   -   -   37,762   37,762   -   - 

Consumer & other

  1   9   -   10   21,314   21,324   -   - 

Total

 $506  $50  $974  $1,530  $684,587  $686,117  $-  $2,059 
                                 

December 31, 2020

                                

Real Estate Secured:

                                

Construction & development

 $71  $-  $-  $71  $45,982  $46,053  $-  $11 

Farmland

  100   -   914   1,014   31,435   32,449   -   3,937 

Residential

  386   29   240   655   279,238   279,893   -   557 

Commercial mortgage

  -   -   24   24   203,862   203,886   -   109 

Non-Real Estate Secured:

                                

Commercial & agricultural

  14   15   155   184   33,479   33,663   -   189 

SBA-PPP

  -   -   -   -   51,118   51,118   -   - 

Consumer & other

  7   -   -   7   17,026   17,033   -   - 

Total

 $578  $44  $1,333  $1,955  $662,140  $664,095  $-  $4,803 
Impaired Financing Receivables [Table Text Block]
              

Nine months ended

  

Three months ended

 
      Unpaid        

Average

  

Interest

  

Average

  

Interest

 
  

Recorded

  

Principal

  

Related

  

Recorded

  

Income

  

Recorded

  

Income

 

(dollars in thousands)

 

Investment1

  

Balance

  

Allowance

  

Investment

  

Recognized

  

Investment

  

Recognized

 
      

 

                     

September 30, 2021

                            

With no related allowance recorded:

                            

Construction & development

 $426  $425  $-  $218  $(5) $426  $- 

Farmland

  2,349   3,008   -   2,464   191   2,384   129 

Residential

  -   -   -   198   25   -   - 

Commercial mortgage

  -   -   -   -   -   -   - 

Commercial & agricultural

  -   -   -   -   -   -   - 

Consumer & other

  -   -   -   1   -   -   - 

Subtotal

  2,775   3,433   -   2,881   211   2,810   129 
                             

With an allowance recorded:

                            

Construction & development

  449   449   13   469   20   456   7 

Farmland

  126   142   2   126   6   126   2 

Residential

  2,425   2,602   136   2,469   108   2,448   39 

Commercial mortgage

  71   71   4   40   4   71   1 

Commercial & agricultural

  37   37   2   41   2   39   1 

Consumer & other

  -   -   -   -   -   -   - 

Subtotal

  3,108   3,301   157   3,145   140   3,140   50 
                             

Totals:

                            

Construction & development

  875   874   13   687   15   882   7 

Farmland

  2,475   3,150   2   2,590   197   2,510   131 

Residential

  2,425   2,602   136   2,667   133   2,448   39 

Commercial mortgage

  71   71   4   40   4   71   1 

Commercial & agricultural

  37   37   2   41   2   39   1 

Consumer & other

  -   -   -   1   -   -   - 

Total

 $5,883  $6,734  $157  $6,026  $351  $5,950  $179 

(dollars in thousands)

 

Recorded

Investment1

  

Unpaid

Principal

Balance

  

Related

Allowance

  

Average

Recorded

Investment

  

Interest

Income

Recognized

 
                     

December 31, 2020

                    

With no related allowance recorded:

                    

Construction & development

 $-  $-  $-  $-  $- 

Farmland

  2,580   3,151   -   2,731   18 

Residential

  -   -   -   -   - 

Commercial mortgage

  -   -   -   -   - 

Commercial & agricultural

  -   -   -   -   - 

Consumer & other

  -   -   -   -   - 

Subtotal

  2,580   3,151   -   2,731   18 
                     

With an allowance recorded:

                    

Construction & development

  501   501   27   522   31 

Farmland

  127   144   2   375   11 

Residential

  2,906   3,082   159   4,057   222 

Commercial mortgage

  8   53   1   10   3 

Commercial & agricultural

  46   46   3   49   3 

Consumer & other

  1   1   -   2   - 

Subtotal

  3,589   3,827   192   5,015   270 
                     

Totals:

                    

Construction & development

  501   501   27   522   31 

Farmland

  2,707   3,295   2   3,106   29 

Residential

  2,906   3,082   159   4,057   222 

Commercial mortgage

  8   53   1   10   3 

Commercial & agricultural

  46   46   3   49   3 

Consumer & other

  1   1   -   2   - 

Total

 $6,169  $6,978  $192  $7,746  $288 
Financing Receivable, Troubled Debt Restructuring [Table Text Block]

(dollars in thousands)

 

TDRs identified during the period

  

TDRs identified in the last twelve

months that subsequently defaulted(1)

 
  

Number

of

contracts

  

Pre-

modification

outstanding

recorded

investment

  

Post-

modification

outstanding

recorded

investment

  

Number

of

contracts

  

Pre-

modification

outstanding

recorded

investment

  

Post-

modification

outstanding

recorded

investment

 
                         

Construction & development

  -  $-  $-   -  $-  $- 

Farmland

  -   -   -   -   -   - 

Residential

  -   -   -   -   -   - 

Commercial mortgage

  1   73   71   -   -   - 

Commercial & agricultural

  -   -   -   -   -   - 

Consumer & other

  -   -   -   -   -   - 

Total

  1  $73  $71   -  $-  $- 

(dollars in thousands)

 

TDRs identified during the period

  

TDRs identified in the last twelve

months that subsequently defaulted(1)

 
  

Number

of

contracts

  

Pre-

modification

outstanding

recorded

investment

  

Post-

modification

outstanding

recorded

investment

  

Number

of

contracts

  

Pre-

modification

outstanding

recorded

investment

  

Post-

modification

outstanding

recorded

investment

 
                         

Construction & development

  -  $-  $-   -  $-  $- 

Farmland

  -   -   -   -   -   - 

Residential

  -   -   -   -   -   - 

Commercial mortgage

  -   -   -   -   -   - 

Commercial & agricultural

  -   -   -   -   -   - 

Consumer & other

  -   -   -   -   -   - 

Total

  -  $-  $-   -  $-  $- 

(dollars in thousands)

 

TDRs identified during the period

  

TDRs identified in the last twelve

months that subsequently defaulted(1)

 
  

Number

of

contracts

  

Pre-

modification

outstanding

recorded

investment

  

Post-

modification

outstanding

recorded

investment

  

Number

of

contracts

  

Pre-

modification

outstanding

recorded

investment

  

Post-

modification

outstanding

recorded

investment

 
                         

Construction & development

  3  $471  $470   -  $-  $- 

Farmland

  -   -   -   -   -   - 

Residential

  1   46   50   -   -   - 

Commercial mortgage

  -   -   -   -   -   - 

Commercial & agricultural

  1   20   20   -   -   - 

Consumer & other

  -   -   -   -   -   - 

Total

  5  $537  $540   -  $-  $- 

(dollars in thousands)

 

TDRs identified during the period

  

TDRs identified in the last twelve

months that subsequently defaulted(1)

 
  

Number

of

contracts

  

Pre-

modification

outstanding

recorded

investment

  

Post-

modification

outstanding

recorded

investment

  

Number

of

contracts

  

Pre-

modification

outstanding

recorded

investment

  

Post-

modification

outstanding

recorded

investment

 
                         

Construction & development

  1  $12  $12   -  $-  $- 

Farmland

  -   -   -   -   -   - 

Residential

  -   -   -   -   -   - 

Commercial mortgage

  -   -   -   -   -   - 

Commercial & agricultural

  -   -   -   -   -   - 

Consumer & other

  -   -   -   -   -   - 

Total

  1  $12  $12   -  $-  $- 
Financing Receivable, Deferred Payments, Classification [Table Text Block]

(dollars in thousands)

                
  

2021

  

2020

 

Classification

 

# of Loans

  

Balance

  

# of Loans

  

Balance

 
                 

Commercial Loans w/ First Deferment

                

Accommodation & Retail Services

  -  $-   -  $- 

Construction

  -   -   1   47 

General & Other

  -   -   -   - 
                 

Commercial Loans w/ Second Deferment

                

Accommodation & Retail Services

  -   -   1   752 

Construction

  -   -   1   36 

Agriculture

  -   -   2   603 

Real Estate Rental

  -   -   2   2,146 

General & Other

  1   404   -   - 
                 

Commercial Loans w/ Third Deferment

                

Accommodation & Retail Services

  -   -   2   4,438 

Construction

  -   -   -   - 

Manufacturing

  -   -   1   153 
                 

Consumer Loans w/ First Deferment

  -   -   7   782 
                 

Consumer Loans w/ Second Deferment

  -   -   1   52 

Total

  1  $404   18  $9,009 
Schedule of Business Acquisition, Carrying Amount of Acquired Loans [Table Text Block]

(dollars in thousands)

 

2021

  

2020

 
         

Residential

 $137  $142 

Commercial mortgage

  104   113 

Commercial & agricultural

  96   96 

Outstanding balance

 $337  $351 
         

Carrying amount

 $337  $351