Note 4 - Loans (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Outstanding Loan Balances [Table Text Block]

	September 30,			December 31,
(Amounts in thousands)	2020			2019
Loan Portfolio:
Commercial	$	121,025		$	141,197
Paycheck protection program		163,493			—
Commercial real estate:
Construction and land development		40,289			26,830
Non-owner occupied		538,079			493,920
Owner occupied		210,455			218,833
Residential real estate:
Individual Tax Identification Number (“ITIN”)		30,071			33,039
1-4 family mortgage		57,867			63,661
Equity lines		20,296			22,099
Consumer and other		24,490			33,324
Gross loans		1,206,065			1,032,903
Deferred (fees) and costs		(1,037	)		2,162
Loans, net of deferred fees and costs		1,205,028			1,035,065
Allowance for loan and lease losses		(16,873	)		(12,231	)
Net loans	$	1,188,155		$	1,022,834

Financing Receivable, Past Due [Table Text Block]

													Recorded
	30-59		60-89		90 or Greater								Investment >
	Days Past		Days Past		Days Past		Total Past						90 Days and
(Amounts in thousands)	Due		Due		Due		Due		Current		Total		Accruing
Past Due Loans at September 30, 2020
Commercial	$	—	$	—	$	—	$	—	$	121,025	$	121,025	$	—
Paycheck protection program		—		—		—		—		163,493		163,493		—
Commercial real estate:
Construction and land development		—		—		—		—		40,289		40,289		—
Non-owner occupied		—		—		1,062		1,062		537,017		538,079		—
Owner occupied		—		—		2,993		2,993		207,462		210,455		—
Residential real estate:
ITIN		76		—		105		181		29,890		30,071		—
1-4 family mortgage		—		—		—		—		57,867		57,867		—
Equity lines		15		—		—		15		20,281		20,296		—
Consumer and other		58		65		—		123		24,367		24,490		—
Total	$	149	$	65	$	4,160	$	4,374	$	1,201,691	$	1,206,065	$	—

													Recorded
	30-59		60-89		90 or Greater								Investment >
	Days Past		Days Past		Days Past		Total Past						90 Days and
(Amounts in thousands)	Due		Due		Due		Due		Current		Total		Accruing
Past Due Loans at December 31, 2019
Commercial	$	71	$	—	$	—	$	71	$	141,126	$	141,197	$	—
Commercial real estate:
Construction and land development		—		—		—		—		26,830		26,830		—
Non-owner occupied		—		—		—		—		493,920		493,920		—
Owner occupied		655		—		3,103		3,758		215,075		218,833		—
Residential real estate:
ITIN		371		323		43		737		32,302		33,039		—
1-4 family mortgage		—		—		—		—		63,661		63,661		—
Equity lines		100		—		—		100		21,999		22,099		—
Consumer and other		200		50		—		250		33,074		33,324		—
Total	$	1,397	$	373	$	3,146	$	4,916	$	1,027,987	$	1,032,903	$	—

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent 1 [Table Text Block]

	September 30,		December 31,
(Amounts in thousands)	2020		2019
Nonaccrual Loans:
Commercial	$	1,549	$	61
Commercial real estate:
Non-owner occupied		1,062		—
Owner occupied		3,750		3,103
Residential real estate:
ITIN		1,574		2,221
1-4 family mortgage		145		191
Consumer and other		18		40
Total	$	8,098	$	5,616

	Three Months Ended September 30,				Nine Months Ended September 30,
(Amounts in thousands)	2020		2019		2020		2019
Nonaccrual Loans:
Interest income, net of tax	$	108	$	115	$	238	$	484

Impaired Financing Receivables [Table Text Block]

	As of September 30, 2020
			Unpaid
	Recorded		Principal		Related
(Amounts in thousands)	Investment		Balance		Allowance
Impaired Loans:
With no related allowance recorded:
Commercial	$	1,458	$	1,811	$	—
Commercial real estate:
Non-owner occupied		1,062		1,097		—
Owner occupied		3,750		3,865		—
Residential real estate:
ITIN		4,995		6,591		—
1-4 family mortgage		145		205		—
Total with no related allowance recorded	$	11,410	$	13,569	$	—
With an allowance recorded:
Commercial	$	622	$	622	$	122
Residential real estate:
ITIN		176		176		12
Equity lines		131		131		65
Consumer and other		18		18		5
Total with an allowance recorded	$	947	$	947	$	204
By loan portfolio:
Commercial	$	2,080	$	2,433	$	122
Commercial real estate		4,812		4,962		—
Residential real estate		5,447		7,103		77
Consumer and other		18		18		5
Total impaired loans	$	12,357	$	14,516	$	204

	As of December 31, 2019
			Unpaid
	Recorded		Principal		Related
(Amounts in thousands)	Investment		Balance		Allowance
Impaired Loans:
With no related allowance recorded:
Commercial	$	94	$	251	$	—
Commercial real estate:
Owner occupied		3,103		3,103		—
Residential real estate:
ITIN		5,723		7,386		—
1-4 family mortgage		191		313		—
Total with no related allowance recorded	$	9,111	$	11,053	$	—
With an allowance recorded:
Commercial	$	562	$	563	$	159
Residential real estate:
ITIN		455		455		38
Equity lines		231		231		116
Consumer and other		40		40		11
Total with an allowance recorded	$	1,288	$	1,289	$	324
By loan portfolio:
Commercial	$	656	$	814	$	159
Commercial real estate		3,103		3,103		—
Residential real estate		6,600		8,385		154
Consumer and other		40		40		11
Total impaired loans	$	10,399	$	12,342	$	324

Average Recorded Investment and Interest Income Recognized on Impaired Loans by Loan Class [Table Text Block]

	Three Months Ended				Three Months Ended
	September 30, 2020				September 30, 2019
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(Amounts in thousands)	Investment		Recognized		Investment		Recognized
Average Recorded Investment and Interest Income:
Commercial	$	1,078	$	15	$	807	$	10
Commercial real estate:
Non-owner occupied		1,062		—		10,887		7
Owner occupied		3,682		—		—		—
Residential real estate:
ITIN		5,241		35		6,490		40
1-4 family mortgage		146		—		204		—
Equity lines		132		2		238		4
Consumer and other		18		—		21		—
Total	$	11,359	$	52	$	18,647	$	61

	Nine Months Ended				Nine Months Ended
	September 30, 2020				September 30, 2019
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(Amounts in thousands)	Investment		Recognized		Investment		Recognized
Average Recorded Investment and Interest Income:
Commercial	$	777	$	32	$	1,377	$	42
Commercial real estate:
Non-owner occupied		590		—		10,307		30
Owner occupied		3,356		—		—		—
Residential real estate:
ITIN		5,546		106		6,694		123
1-4 family mortgage		171		—		194		—
Equity lines		194		10		306		14
Consumer and other		32		—		22		—
Total	$	10,666	$	148	$	18,900	$	209

Newly Restructured Loans [Table Text Block]

	Modification Types For the Nine Months Ended September 30, 2020						Modification Types For the Nine Months Ended September 30, 2019
(Amounts in thousands)	Maturity		Payment Deferral		Total		Maturity		Payment Deferral		Total
Troubled Debt Restructurings:
Commercial	$	—	$	—	$	—	$	66	$	—	$	66
Commercial real estate:
Owner occupied		—		650		650		—		—		—
Total	$	—	$	650	$	650	$	66	$	—	$	66

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	For the Nine Months Ended September 30, 2020						For the Nine Months Ended September 30, 2019
			Pre-		Post-				Pre-		Post-
			Modification		Modification				Modification		Modification
			Outstanding		Outstanding				Outstanding		Outstanding
	Number of		Recorded		Recorded		Number of		Recorded		Recorded
(Dollars in thousands)	Contracts		Investment		Investment		Contracts		Investment		Investment
Troubled Debt Restructurings:
Commercial		—	$	—	$	—		1	$	99	$	99
Commercial real estate:
Owner occupied		1		654		654		—		—		—
Total		1	$	654	$	654		1	$	99	$	99

Financing Receivable Credit Quality Indicators [Table Text Block]

	September 30, 2020
(Amounts in thousands)	Performing		Nonperforming		Total
Performing and Nonperforming Loans:
Commercial	$	119,476	$	1,549	$	121,025
Paycheck protection program		163,493		—		163,493
Commercial real estate:
Construction and land development		40,289		—		40,289
Non-owner occupied		537,017		1,062		538,079
Owner occupied		206,705		3,750		210,455
Residential real estate:
ITIN		28,497		1,574		30,071
1-4 family mortgage		57,722		145		57,867
Equity lines		20,296		—		20,296
Consumer and other		24,472		18		24,490
Total	$	1,197,967	$	8,098	$	1,206,065

	December 31, 2019
(Amounts in thousands)	Performing		Nonperforming		Total
Performing and Nonperforming Loans:
Commercial	$	141,136	$	61	$	141,197
Commercial real estate:
Construction and land development		26,830		—		26,830
Non-owner occupied		493,920		—		493,920
Owner occupied		215,730		3,103		218,833
Residential real estate:
ITIN		30,818		2,221		33,039
1-4 family mortgage		63,470		191		63,661
Equity lines		22,099		—		22,099
Consumer and other		33,284		40		33,324
Total	$	1,027,287	$	5,616	$	1,032,903

Financing Receivable Credit Quality Indicator [Table Text Block]

	As of September 30, 2020
					Special
(Amounts in thousands)	Pass		Watch		Mention		Substandard		Doubtful		Total
Loan Portfolio:
Commercial	$	106,597	$	8,736	$	125	$	5,567	$	—	$	121,025
Paycheck protection program		163,493		—		—		—		—		163,493
Commercial real estate:
Construction and land development		37,839		2,450		—		—		—		40,289
Non-owner occupied		508,803		21,859		6,355		1,062		—		538,079
Owner occupied		155,290		41,289		—		13,876		—		210,455
Residential real estate:
ITIN		26,583		—		—		3,488		—		30,071
1-4 family mortgage		56,213		208		—		1,446		—		57,867
Equity lines		20,296		—		—		—		—		20,296
Consumer and other		24,472		—		—		18		—		24,490
Total	$	1,099,586	$	74,542	$	6,480	$	25,457	$	—	$	1,206,065

	As of December 31, 2019
					Special
(Amounts in thousands)	Pass		Watch		Mention		Substandard		Doubtful		Total
Loan Portfolio:
Commercial	$	125,222	$	14,974	$	833	$	168	$	—	$	141,197
Commercial real estate:
Construction and land development		26,810		20		—		—		—		26,830
Non-owner occupied		454,493		32,902		5,424		1,101		—		493,920
Owner occupied		195,950		7,224		1,220		14,439		—		218,833
Residential real estate:
ITIN		28,609		—		—		4,430		—		33,039
1-4 family mortgage		62,485		985		—		191		—		63,661
Equity lines		22,012		—		—		87		—		22,099
Consumer and other		33,283		—		—		41		—		33,324
Total	$	948,864	$	56,105	$	7,477	$	20,457	$	—	$	1,032,903

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

	For the Three Months Ended September 30, 2020
				Paycheck
				Protection		Commercial		Residential
(Amounts in thousands)	Commercial			Program		Real Estate		Real Estate			Consumer			Unallocated			Total
ALLL by Loan Portfolio:
Beginning balance	$	2,400		$	—	$	10,936	$	1,306		$	870		$	577		$	16,089
Charge-offs		(353	)		—		—		(31	)		(118	)		—			(502	)
Recoveries		—			—		—		69			117			—			186
Provision		393			—		813		(22	)		(41	)		(43	)		1,100
Ending balance	$	2,440		$	—	$	11,749	$	1,322		$	828		$	534		$	16,873

	For the Three Months Ended September 30, 2019
				Paycheck
				Protection		Commercial		Residential
(Amounts in thousands)	Commercial			Program		Real Estate		Real Estate			Consumer			Unallocated			Total
ALLL by Loan Portfolio:
Beginning balance	$	2,104		$	—	$	7,598	$	1,070		$	1,070		$	603		$	12,445
Charge-offs		(81	)		—		—		(43	)		(195	)		—			(319	)
Recoveries		5			—		—		104			50			—			159
Provision		(84	)		—		120		(77	)		66			(25	)		—
Ending balance	$	1,944		$	—	$	7,718	$	1,054		$	991		$	578		$	12,285

	For the Nine Months Ended September 30, 2020
				Paycheck
				Protection		Commercial			Residential
(Amounts in thousands)	Commercial			Program		Real Estate			Real Estate			Consumer			Unallocated		Total
ALLL by Loan Portfolio:
Beginning balance	$	1,822		$	—	$	8,096		$	1,032		$	933		$	348	$	12,231
Charge-offs		(353	)		—		(145	)		(66	)		(463	)		—		(1,027	)
Recoveries		22			—		—			131			266			—		419
Provision		949			—		3,798			225			92			186		5,250
Ending balance	$	2,440		$	—	$	11,749		$	1,322		$	828		$	534	$	16,873

	For the Nine Months Ended September 30, 2019
				Paycheck
				Protection		Commercial			Residential
(Amounts in thousands)	Commercial			Program		Real Estate			Real Estate			Consumer			Unallocated		Total
ALLL by Loan Portfolio:
Beginning balance	$	2,205		$	—	$	7,116		$	1,173		$	1,356		$	442	$	12,292
Charge-offs		(227	)		—		(233	)		(181	)		(685	)		—		(1,326	)
Recoveries		916			—		—			204			199			—		1,319
Provision		(950	)		—		835			(142	)		121			136		—
Ending balance	$	1,944		$	—	$	7,718		$	1,054		$	991		$	578	$	12,285

	As of September 30, 2020
			Paycheck
			Protection		Commercial		Residential
(Amounts in thousands)	Commercial		Program		Real Estate		Real Estate		Consumer		Unallocated		Total
ALLL:
Individually evaluated for impairment	$	122	$	—	$	—	$	77	$	5	$	—	$	204
Collectively evaluated for impairment		2,318		—		11,749		1,245		823		534		16,669
Total	$	2,440	$	—	$	11,749	$	1,322	$	828	$	534	$	16,873
Gross loans:
Individually evaluated for impairment	$	2,080	$	—	$	4,812	$	5,447	$	18	$	—	$	12,357
Collectively evaluated for impairment		118,945		163,493		784,011		102,787		24,472		—		1,193,708
Total gross loans	$	121,025	$	163,493	$	788,823	$	108,234	$	24,490	$	—	$	1,206,065

	As of December 31, 2019
			Paycheck
			Protection		Commercial		Residential
(Amounts in thousands)	Commercial		Program		Real Estate		Real Estate		Consumer		Unallocated		Total
ALLL:
Individually evaluated for impairment	$	159	$	—	$	—	$	154	$	11	$	—	$	324
Collectively evaluated for impairment		1,663		—		8,096		878		922		348		11,907
Total	$	1,822	$	—	$	8,096	$	1,032	$	933	$	348	$	12,231
Gross loans:
Individually evaluated for impairment	$	656	$	—	$	3,103	$	6,600	$	40	$	—	$	10,399
Collectively evaluated for impairment		140,541		—		736,480		112,199		33,284		—		1,022,504
Total gross loans	$	141,197	$	—	$	739,583	$	118,799	$	33,324	$	—	$	1,032,903