Note 7 - Loans Receivable and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

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

(dollars in thousands)	September 30, 2022			December 31, 2021
Commercial real estate	$	915,494		$	780,311
Construction and land development		226,627			216,008
Commercial and industrial		303,518			252,376
Owner occupied real estate		557,496			526,570
Consumer and other		95,618			83,487
Residential mortgage		954,679			536,332
Paycheck protection program		10,787			119,039
Total loans receivable		3,064,219			2,514,123
Deferred costs (fees)		(3,367	)		(6,758	)
Allowance for credit losses		(25,255	)		(18,964	)
Net loans receivable	$	3,035,597		$	2,488,401

Financing Receivable, Past Due [Table Text Block]

(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loans Receivable		Loans Receivable > 90 Days and Accruing
At September 30, 2022
Commercial real estate	$	76	$	777	$	600	$	1,453	$	914,041	$	915,494	$	-
Construction and land development		-		-		9,052		9,052		217,575		226,627		-
Commercial and industrial		5,729		248		304		6,281		297,237		303,518		-
Owner occupied real estate		5,008		-		2,759		7,767		549,729		557,496		-
Consumer and other		594		261		815		1,670		93,948		95,618		15
Residential mortgage		-		334		-		334		954,345		954,679		-
Paycheck protection program		388		1,687		1,920		3,995		6,792		10,787		1,920
Total	$	11,795	$	3,307	$	15,450	$	30,552	$	3,033,667	$	3,064,219	$	1,935

(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loans Receivable		Loans Receivable > 90 Days and Accruing
At December 31, 2021
Commercial real estate	$	-	$	-	$	4,493	$	4,493	$	775,818	$	780,311	$	-
Construction and land development		-		-		-		-		216,008		216,008		-
Commercial and industrial		-		-		2,558		2,558		249,818		252,376		-
Owner occupied real estate		-		4,139		3,714		7,853		518,717		526,570		-
Consumer and other		92		20		1,080		1,192		82,295		83,487		5
Residential mortgage		3,165		-		701		3,866		532,466		536,332		-
Paycheck protection program		1,594		547		318		2,459		116,580		119,039		318
Total	$	4,851	$	4,706	$	12,864	$	22,421	$	2,491,702	$	2,514,123	$	323

Financing Receivable Credit Quality Indicators [Table Text Block]

(dollar in thousands) September 30, 2022	2022		2021		2020		2019		2018		2017 and Prior		Revolving		Total
Commercial Real Estate
Pass	$	190,987	$	206,253	$	131,546	$	111,402	$	74,899	$	191,218	$	8,593	$	914,898
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		470		-		-		126		-		596
Doubtful		-		-		-		-		-		-		-		-
Total Commercial Real Estate	$	190,987	$	206,253	$	132,016	$	111,402	$	74,899	$	191,344	$	8,593	$	915,494
Construction & Land Development
Pass	$	23,633	$	104,483	$	62,342	$	18,849	$	55	$	5,340	$	2,874	$	217,576
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		9,051		-		-		-		-		9,051
Doubtful		-		-		-		-		-		-		-		-
Total Construction	$	23,633	$	104,483	$	71,394	$	18,849	$	55	$	5,340	$	2,874	$	226,627
Commercial & Industrial
Pass	$	82,914	$	34,435	$	15,145	$	11,650	$	10,407	$	18,336	$	130,227	$	303,114
Special Mention		-		-		-		-		-		-		100		100
Substandard		-		-		-		-		-		304		-		304
Doubtful		-		-		-		-		-		-		-		-
Total Commercial & Industrial	$	82,914	$	34,435	$	15,145	$	11,650	$	10,407	$	18,640	$	130,327	$	303,518
Owner Occupied Real Estate
Pass	$	79,930	$	96,545	$	86,586	$	42,541	$	70,982	$	152,707	$	18,823	$	548,114
Special Mention		-		-		-		555		-		232		-		787
Substandard		-		-		-		4,125		116		4,354		-		8,595
Doubtful		-		-		-		-		-		-		-		-
Total Owner Occupied	$	79,930	$	96,545	$	86,586	$	47,221	$	71,098	$	157,293	$	18,823	$	557,496
Consumer & Other
Pass	$	5,730	$	1,892	$	1,625	$	1,659	$	1,240	$	2,418	$	80,253	$	94,817
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		109		23		669		801
Doubtful		-		-		-		-		-		-		-		-
Total Consumer & Other	$	5,730	$	1,892	$	1,625	$	1,659	$	1,349	$	2,441	$	80,922	$	95,618
Residential Mortgage
Pass	$	458,724	$	14,950	$	82,611	$	146,293	$	222,535	$	29,566	$	-	$	954,679
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Residential Mortgage	$	458,724	$	14,950	$	82,611	$	146,293	$	222,535	$	29,566	$	-	$	954,679
Paycheck Protection Program
Pass	$	-	$	9,480	$	1,307	$	-	$	-	$	-	$	-	$	10,787
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total Paycheck Protection	$	-	$	9,480	$	1,307	$	-	$	-	$	-	$	-	$	10,787
Total
Pass	$	841,918	$	468,038	$	381,162	$	332,394	$	380,118	$	399,585	$	240,770	$	3,043,985
Special Mention		-		-		-		555		-		232		100		887
Substandard		-		-		9,521		4,125		225		4,807		669		19,347
Doubtful		-		-		-		-		-		-		-		-
Total Loans	$	841,918	$	468,038	$	390,683	$	337,074	$	380,343	$	404,624	$	241,539	$	3,064,219

(dollars in thousands)	Pass		Special Mention		Substandard		Doubtful		Total
December 31, 2021:
Commercial real estate	$	775,818	$	-	$	4,493	$	-	$	780,311
Construction and land development		216,008		-		-		-		216,008
Commercial and industrial		249,818		-		2,558		-		252,376
Owner occupied real estate		516,741		236		9,593		-		526,570
Consumer and other		82,412		-		1,075		-		83,487
Residential mortgage		535,631		-		701		-		536,332
Paycheck protection program		119,039		-		-		-		119,039
Total	$	2,495,467	$	236	$	18,420	$	-	$	2,514,123

Financing Receivable, Nonaccrual [Table Text Block]

(dollars in thousands)	September 30, 2022		December 31, 2021
Commercial real estate	$	600	$	4,493
Construction and land development		9,052		-
Commercial and industrial		304		2,558
Owner occupied real estate		2,759		3,714
Consumer and other		800		1,075
Residential mortgage		-		701
Paycheck protection program		-		-
Total	$	13,515	$	12,541

Schedule of Collateral Dependent Loans Receivable [Table Text Block]

(dollars in thousands)	Real Estate		Business Asset		Total
Commercial real estate	$	600	$	-	$	600
Construction and land development		9,052		-		9,052
Commercial and industrial		304		-		304
Owner occupied real estate		8,596		-		8,596
Consumer and other		800		-		800
Residential mortgage		-		-		-
Paycheck protection program		-		-		-
Total	$	19,352	$	-	$	19,352

Impaired Financing Receivables [Table Text Block]

		December 31, 2021
(dollars in thousands)		Recorded Investment		Unpaid Principal Balance		Related Allowance
With no related allowance recorded:
Commercial real estate	$	479	$	691	$	-
Construction and land development		-		-		-
Commercial and industrial		80		81		-
Owner occupied real estate		2,080		2,080		-
Consumer and other		1,075		1,422		-
Residential mortgage		701		768		-
Paycheck protection program		-		-		-
Total	$	4,415	$	5,042	$	-

With an allowance recorded:
Commercial real estate	$	4,014	$	4,536	$	992
Construction and land development		-		-		-
Commercial and industrial		2,478		2,616		1,169
Owner occupied real estate		7,513		7,532		582
Consumer and other		-		-		-
Residential mortgage		-		-		-
Paycheck protection program		-		-		-
Total	$	14,005	$	14,684	$	2,743

Total:
Commercial real estate	$	4,493	$	5,227	$	992
Construction and land development		-		-		-
Commercial and industrial		2,558		2,697		1,169
Owner occupied real estate		9,593		9,612		582
Consumer and other		1,075		1,422		-
Residential mortgage		701		768		-
Paycheck protection program		-		-		-
Total	$	18,420	$	19,726	$	2,743

Impaired Financing Receivables, Average Recorded Investment and Interest Income, Accrual Method [Table Text Block]

	Three Months Ended September 30, 2021				Nine Months Ended September 30, 2021
(dollars in thousands)	Average Recorded Investment		Interest Income Recognized			Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial real estate	$	440	$	2		$	385	$	2
Construction and land development		-		-			-		-
Commercial and industrial		2,298		-			2,297		-
Owner occupied real estate		3,387		52			3,892		73
Consumer and other		1,204		14			1,227		14
Residential mortgage		830		-			946		-
Paycheck protection program		2		-			3		-
Total	$	8,161	$	68		$	8,750	$	89

With an allowance recorded:
Commercial real estate	$	4,086	$	3	$	4,158	$	6
Construction and land development		-		-		-		-
Commercial and industrial		265		-		263		-
Owner occupied real estate		1,105		10		1,140		20
Consumer and other		-		-		-		-
Residential mortgage		-		-		-		-
Paycheck protection program		-		-		-		-
Total	$	5,456	$	13	$	5,561	$	26

Total:
Commercial real estate	$	4,526	$	5	$	4,543	$	8
Construction and land development		-		-		-		-
Commercial and industrial		2,563		-		2,560		-
Owner occupied real estate		4,492		62		5,032		93
Consumer and other		1,204		14		1,227		14
Residential mortgage		830		-		946		-
Paycheck protection program		2		-		3		-
Total	$	13,617	$	81	$	14,311	$	115

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

(dollars in thousands)	Commercial Real Estate		Construction and Land Development		Commercial and Industrial		Owner Occupied Real Estate		Consumer and Other			Residential Mortgage		Paycheck Protection Program		Unallocated		Total
Allowance for Credit Losses:
Beginning balance June 30, 2022:	$	3,541	$	1,522	$	2,323	$	5,963	$	691		$	6,957	$	-	$	-	$	20,997
Charge-offs		-		-		-		-		(27	)		-		-		-		(27	)
Recoveries		215		-		149		-		22			-		-		-		386
Provisions (credits)(1)		82		388		465		298		54			2,612		-		-		3,899
Ending balance September 30, 2022:	$	3,838	$	1,910	$	2,937	$	6,261	$	740		$	9,569	$	-	$	-	$	25,255

(dollars in thousands)	Commercial Real Estate			Construction and Land Development			Commercial and Industrial			Owner Occupied Real Estate			Consumer and Other			Residential Mortgage		Paycheck Protection Program		Unallocated			Total
Allowance for Credit Losses:
Beginning balance December 31, 2021:	$	5,802		$	1,544		$	2,856		$	3,158		$	629		$	4,922	$	-	$	53		$	18,964
Day 1 effect of CECL		(1,465	)		1,103			562			3,756			38			299				(53	)		4,240
Charge-offs		(621	)		-			(2,161	)		(787	)		(209	)		-		-		-			(3,778	)
Recoveries		215			-			166			597			102			-		-		-			1,080
Provisions (credits)(1)		(93	)		(737	)		1,514			(463	)		180			4,348		-		-			4,749
Ending balance September 30, 2022:	$	3,838		$	1,910		$	2,937		$	6,261		$	740		$	9,569	$	-	$	-		$	25,255

(dollars in thousands)	Commercial Real Estate		Construction and Land Development			Commercial and Industrial		Owner Occupied Real Estate		Consumer and Other			Residential Mortgage		Paycheck Protection Program		Unallocated		Total
Allowance for Loan Losses:
Beginning balance June 30, 2021:	$	5,919	$	1,133		$	1,503	$	2,440	$	717		$	4,270	$	-	$	128	$	16,110
Charge-offs		-		-			-		-		(1	)		-		-		-		(1	)
Recoveries		-		-			12		48		149			-		-		-		209
Provisions (credits)		265		(43	)		181		420		(213	)		282		-		8		900
Ending balance September 30, 2021:	$	6,184	$	1,090		$	1,696	$	2,908	$	652		$	4,552	$	-	$	136	$	17,218

(dollars in thousands)	Commercial Real Estate		Construction and Land Development		Commercial and Industrial			Owner Occupied Real Estate		Consumer and Other			Residential Mortgage		Paycheck Protection Program		Unallocated			Total
Allowance for Loan Losses:
Beginning balance December 31, 2020:	$	4,394	$	948	$	1,367		$	2,374	$	723		$	3,025	$	-	$	144		$	12,975
Charge-offs		-		-		(60	)		-		(48	)		-		-		-			(108	)
Recoveries		-		-		162			88		201			-		-		-			451
Provisions (credits)		1,790		142		227			446		(224	)		1,527		-		(8	)		3,900
Ending balance September 30, 2021:	$	6,184	$	1,090	$	1,696		$	2,908	$	652		$	4,552	$	-	$	136		$	17,218

Schedule of Allowance for Credit Loss of Off-balance Sheet Commitments [Table Text Block]

Allowance for Credit Losses on Off Balance Sheet Commitments
	December 31, 2021
	Pre-ASC 326		Impact of		Provision		September 30, 2022
(dollars in thousands)	Adoption		adopting ASC 326		(Credit)		Ending ACL
ACL on off-balance sheet commitments	$	-	$	597	$	7	$	604
Total ACL	$	-	$	597	$	7	$	604