Allowances for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2022

Allowance for Credit Loss [Abstract]

Summary of Allowances for Loan Losses by Loan Class

The following table summarizes the activity in the allowance for loan losses by loan class for the three-month periods ended March 31, 2022 and 2021.

	Agriculture Loans			Commercial Loans		Commercial Real Estate Loans		Residential Real Estate Loan			Consumer Loans			Municipal Loans		Unallocated Loans			Total
(In Thousands)	For the Three Months Ended March 31, 2022
Allowance for loan losses:
Beginning balance	$	23		$	582	$	799	$	1,634		$	22		$	15	$	77		$	3,152
Charge-offs		-			-		-		-			-			-		-			-
Recoveries		-			2		-		7			2			-		-			11
Provision		(3	)		1		271		87			(11	)		0		(65	)		280
Ending balance	$	20		$	585	$	1,070	$	1,728		$	13		$	15	$	12		$	3,443
	For the Three Months Ended March 31, 2021
Allowance for loan losses:
Beginning balance	$	120		$	290	$	314	$	1,702		$	35		$	18	$	310		$	2,789
Charge-offs		-			-		-		(49	)		(3	)		-		-			(52	)
Recoveries		-			-		-		2			1			-		-			3
Provision		(15	)		25		1		19			(9	)		0		26			47
Ending balance	$	105		$	315	$	315	$	1,674		$	24		$	18	$	336		$	2,787

Summary of Balance of Loans Individually Evaluated vs. Collectively Evaluated for Impairment

The following table illustrates the balance of loans individually evaluated vs. collectively evaluated for impairment at March 31, 2022 and December 31, 2021.

	Agriculture Loans		Commercial and PPP Loans		Commercial Real Estate Loans		Residential Real Estate Loan		Consumer Loans		Municipal Loans		Unallocated Loans		Total
(In Thousands)	As of March 31, 2022
Allowance for loan losses:
Ending balance	$	20	$	585	$	1,070	$	1,728	$	13	$	15	$	12	$	3,443
Ending balance: individually    evaluated for impairment	$	—	$	—	$	—	$	4	$	—	$	—	$	—	$	4
Ending balance: collectively evaluated    for impairment	$	20	$	585	$	1,070	$	1,724	$	13	$	15	$	12	$	3,439
Loans:
Ending balance	$	8,111	$	104,700	$	353,559	$	252,158	$	6,359	$	6,193			$	731,080
Ending balance: individually    evaluated for impairment	$	250	$	37	$	177	$	1,887	$	—	$	—			$	2,351
Ending balance: loans acquired with deteriorated credit    quality	$	—	$	641	$	4,329	$	594	$	—	$	—			$	5,564
Ending balance: collectively evaluated    for impairment	$	7,861	$	104,022	$	349,053	$	249,677	$	6,359	$	6,193			$	723,165

	Agriculture Loans		Commercial and PPP Loans		Commercial Real Estate Loans		Residential Real Estate Loan		Consumer Loans		Municipal Loans		Unallocated Loans		Total
(In Thousands)	As of December 31, 2021
Allowance for loan losses:
Ending balance	$	23	$	582	$	799	$	1,634	$	22	$	15		77	$	3,152
Ending balance: individually    evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Ending balance: collectively evaluated    for impairment	$	23	$	582	$	799	$	1,634	$	22	$	15		77	$	3,152
Loans:
Ending balance	$	9,341	$	122,378	$	338,749	$	231,302	$	7,087	$	6,182			$	715,039
Ending balance: individually    evaluated for impairment	$	-	$	42	$	-	$	709	$	-	$	-			$	751
Ending balance: loans acquired with deteriorated credit    quality	$	-	$	512	$	4,394	$	650	$	-	$	-			$	5,556
Ending balance: collectively evaluated    for impairment	$	9,341	$	121,824	$	334,355	$	229,943	$	7,087	$	6,182			$	708,732

Summary of Activity for Accretable Yield of Purchased Credit-impaired Loans

The following table provides activity for the accretable yield of PCI loans for the three months ended March 31, 2022:

(In Thousands)	March 31, 2022
Accretable yield, beginning of period	$	307
Additions		—
Accretion of income		(101	)
Reclassifications from nonaccretable difference due to improvement in expected cash flows		—
Other changes, net		—
Accretable yield, end of period	$	206

Summary of Classes of the Loan Portfolio Summarized by the Internal Risk Rating System

The following table presents the classes of the loan portfolio summarized by the internal risk rating system as of March 31, 2022 and December 31, 2021:

(In Thousands)			Special
As of March 31, 2022	Pass		Mention		Substandard		Doubtful		Total
Agriculture loans	$	7,861	$	-	$	250	$	-	$	8,111
Commercial and PPP loans		98,520		5,504		676		-		104,700
Commercial real estate loans		350,995		1,965		599		-		353,559
Residential real estate loans		248,444		1,548		2,166		-		252,158
Consumer loans		6,359		-		-		-		6,359
Municipal loans		6,193		-		-		-		6,193
Total	$	718,372	$	9,017	$	3,691	$	-	$	731,080
(In Thousands)			Special
As of December 31, 2021	Pass		Mention		Substandard		Doubtful		Total
Agriculture loans	$	9,341	$	-	$	-	$	-	$	9,341
Commercial and PPP		117,918		3,757		703		-		122,378
Commercial real estate loans		332,156		2,077		4,516		-		338,749
Residential real estate loans		228,664		1,657		981		-		231,302
Consumer loans		7,087		-		-		-		7,087
Municipal loans		6,182		-		-		-		6,182
Total	$	701,348	$	7,491	$	6,200	$	-	$	715,039

Summary of Aging Analysis of the Recorded Investment of Past-Due Loans

The following tables present an aging analysis of the recorded investment of past-due loans.

	March 31, 2022
(In Thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Purchased Credit Impaired Loans		Total   Loans		Total > 90 Days and Accruing
Agriculture loans	$	187	$	-	$	-	$	187	$	7,924	$	-	$	8,111	$	-
Commercial and PPP loans		33		-		-		33		104,026		641		104,700		-
Commercial real estate loans		-		-		-		-		349,230		4,329		353,559		-
Residential real estate loans		2,240		25		516		2,781		248,783		594		252,158		-
Consumer loans		19		1		-		20		6,339		-		6,359		-
Municipal loans		-		-		-		-		6,193		-		6,193		-
Total	$	2,479	$	26	$	516	$	3,021	$	722,495	$	5,564	$	731,080	$	-
	December 31, 2021
(In Thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater Past Due		Total Past Due		Current		Purchased Credit Impaired Loans		Total   Loans		Total > 90 Days and   Accruing
Agriculture loans	$	83	$	-	$	-	$	83	$	9,258	$	-	$	9,341	$	-
Commercial and PPP loans		66		-		-		66		121,800		512		122,378		-
Commercial real estate loans		245		-		-		245		334,110		4,394		338,749		-
Residential real estate loans		1,427		211		869		2,507		228,145		650		231,302		762
Consumer loans		31		2		-		33		7,054		-		7,087		-
Municipal loans		-		-		-		-		6,182		-		6,182		-
Total	$	1,852	$	213	$	869	$	2,934	$	706,549	$	5,556	$	715,039	$	762

Summary of Impaired Loans

The following tables present the recorded investment and unpaid principal balances for impaired loans and related allowance, if applicable. Also presented are the average recorded investments and the related amount of interest recognized during the time within the period that the impaired loans were impaired.

	As of March 31, 2022
(In Thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance
With no related allowance recorded:
Agriculture loans	$	250	$	250	$	—
Commercial loans		37		56		—
Commercial real estate loans		177		177		—
Residential real estate loans		1,883		2,004		—
Consumer loans		—		—		—
Municipal loans		—		—		—
With an allowance recorded:
Agriculture loans	$	—	$	—	$	—
Commercial loans		—		—		—
Commercial real estate loans		—		—		—
Residential real estate loans		4		4		4
Consumer loans		—		—		—
Municipal loans		—		—		—
Total
Agriculture loans	$	250	$	250	$	—
Commercial loans		37		56		—
Commercial real estate loans		177		177		—
Residential real estate loans		1,887		2,008		4
Consumer loans		—		—		—
Municipal loans		—		—		—
	$	2,351	$	2,491	$	4
	As of December 31, 2021
	Recorded Investment		Unpaid Principal Balance		Related Allowance
With no related allowance recorded:
Agriculture loans	$	—	$	—	$	—
Commercial loans		42		61		—
Commercial real estate loans		—		—		—
Residential real estate loans		709		779		—
Consumer loans		—		—		—
Municipal loans		—		—		—
With an allowance recorded:
Agriculture loans	$	—	$	—	$	—
Commercial loans		—		—		—
Commercial real estate loans		—		—		—
Residential real estate loans		—		—		—
Consumer loans		—		—		—
Municipal loans		—		—		—
Total
Agriculture loans	$	—	$	—	$	—
Commercial loans		42		61		—
Commercial real estate loans		—		—		—
Residential real estate loans		709		779		—
Consumer loans		—		—		—
Municipal loans		—		—		—
	$	751	$	840	$	—

	For the Three Months Ended March 31,
	2022				2021
(In Thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Agriculture loans	$	249	$	3	$	—	$	—
Commercial loans		37		—		1		—
Commercial real estate loans		181		3		—		—
Residential real estate loans		1,902		17		248		4
Consumer loans		—		—		—		—
Municipal loans		—		—		—		—
	$	2,369	$	23	$	249	$	4
With an allowance recorded:
Agriculture loans		—		—		—		—
Commercial loans		—		—		—		—
Commercial real estate loans		—		—		—		—
Residential real estate loans		4		—		—		—
Consumer loans		—		—		—		—
Municipal loans		—		—		—		—
Total	$	2,373	$	23	$	249	$	4

Summary of Portfolio of Nonaccrual Loans

The following table present nonaccrual loans by classes of the loan portfolio:

(In Thousands)	March 31, 2022		December 31, 2021
Commercial loans	$	37	$	39
Commercial real estate loans		143		144
Residential real estate loans		1,062		449
Consumer loans		4		2
Total	$	1,246	$	634