Note 4 - Loans Receivable and Related Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2021

Notes Tables

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

(Dollar amounts in thousands)	June 30, 2021		December 31, 2020
Mortgage loans on real estate:
Residential first mortgages	$	288,378	$	308,031
Home equity loans and lines of credit		80,552		87,088
Commercial real estate		303,501		285,625
Total real estate loans		672,431		680,744
Other loans:
Commercial business		85,622		89,139
Consumer		46,086		40,035
Total other loans		131,708		129,174
Total loans, gross		804,139		809,918
Less allowance for loan losses		9,848		9,580
Total loans, net	$	794,291	$	800,338

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

(Dollar amounts in thousands)	Residential Mortgages			Home Equity & Lines of Credit			Commercial Real Estate			Commercial Business			Consumer			Total
Three months ended June 30, 2021:
Allowance for loan losses:
Beginning Balance	$	2,660		$	585		$	5,472		$	612		$	356		$	9,685
Charge-offs		—			—			(56	)		—			(38	)		(94	)
Recoveries		—			1			1			—			5			7
Provision		(211	)		(49	)		409			63			38			250
Ending Balance	$	2,449		$	537		$	5,826		$	675		$	361		$	9,848
Six months ended June 30, 2021:
Allowance for loan losses:
Beginning Balance	$	2,774		$	620		$	5,180		$	677		$	329		$	9,580
Charge-offs		—			—			(151	)		—			(128	)		(279	)
Recoveries		—			8			1			1			12			22
Provision		(325	)		(91	)		796			(3	)		148			525
Ending Balance	$	2,449		$	537		$	5,826		$	675		$	361		$	9,848
At June 30, 2021:
Ending ALL balance attributable to loans:
Individually evaluated for impairment	$	—		$	—		$	27		$	4		$	—		$	31
Acquired loans collectively evaluated for impairment		—			—			—			—			—			—
Originated loans collectively evaluated for impairment		2,449			537			5,799			671			361			9,817
Total	$	2,449		$	537		$	5,826		$	675		$	361		$	9,848
Total loans:
Individually evaluated for impairment	$	312		$	4		$	1,328		$	124		$	—		$	1,768
Acquired loans collectively evaluated for impairment		35,065			7,245			26,203			3,598			744			72,855
Originated loans collectively evaluated for impairment		253,001			73,303			275,970			81,900			45,342			729,516
Total	$	288,378		$	80,552		$	303,501		$	85,622		$	46,086		$	804,139
At December 31, 2020:
Ending ALL balance attributable to loans:
Individually evaluated for impairment	$	—		$	—		$	40		$	20		$	—		$	60
Acquired loans collectively evaluated for impairment		—			—			—			—			—			—
Originated loans collectively evaluated for impairment		2,774			620			5,140			657			329			9,520
Total	$	2,774		$	620		$	5,180		$	677		$	329		$	9,580
Total loans:
Individually evaluated for impairment	$	329		$	3		$	1,639		$	143		$	—		$	2,114
Acquired loans collectively evaluated for impairment		44,209			8,491			30,913			5,131			1,017			89,761
Originated loans collectively evaluated for impairment		263,493			78,594			253,073			83,865			39,018			718,043
Total	$	308,031		$	87,088		$	285,625		$	89,139		$	40,035		$	809,918
Three months ended June 30, 2020:
Allowance for loan losses:
Beginning Balance	$	2,329		$	641		$	3,434		$	681		$	135		$	7,220
Charge-offs		—			—			—			(147	)		(39	)		(186	)
Recoveries		—			11			2			1			11			25
Provision		253			2			465			268			112			1,100
Ending Balance	$	2,582		$	654		$	3,901		$	803		$	219		$	8,159
Six months ended June 30, 2020:
Allowance for loan losses:
Beginning Balance	$	2,309		$	626		$	2,898		$	636		$	87		$	6,556
Charge-offs		(11	)		(39	)		(73	)		(147	)		(54	)		(324	)
Recoveries		—			11			5			1			18			35
Provision		284			56			1,071			313			168			1,892
Ending Balance	$	2,582		$	654		$	3,901		$	803		$	219		$	8,159

Impaired Financing Receivables [Table Text Block]

(Dollar amounts in thousands)
	Impaired Loans with Specific Allowance
	As of June 30, 2021						For the three months ended June 30, 2021
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	—	$	—	$	—	$	35	$	—	$	—
Home equity and lines of credit		—		—		—		—		—		—
Commercial real estate		315		315		27		344		5		5
Commercial business		4		4		4		33		—		—
Consumer		—		—		—		—		—		—
Total	$	319	$	319	$	31	$	412	$	5	$	5

	For the six months ended June 30, 2021
	Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	23	$	—	$	—
Home equity and lines of credit		—		—		—
Commercial real estate		356		8		8
Commercial business		48		—		—
Consumer		—		—		—
Total	$	427	$	8	$	8

	Impaired Loans with No Specific Allowance
	As of June 30, 2021				For the three months ended June 30, 2021
	Unpaid Principal Balance		Recorded Investment		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	424	$	312	$	282	$	1	$	1
Home equity and lines of credit		4		4		4		—		—
Commercial real estate		1,013		1,013		1,053		10		10
Commercial business		120		120		93		2		2
Consumer		—		—		—		—		—
Total	$	1,561	$	1,449	$	1,432	$	13	$	13

	For the six months ended June 30, 2021
	Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	297	$	2	$	2
Home equity and lines of credit		4		—		—
Commercial real estate		1,122		24		24
Commercial business		84		3		3
Consumer		—		—		—
Total	$	1,507	$	29	$	29

(Dollar amounts in thousands)
	Impaired Loans with Specific Allowance
	As of December 31, 2020						For the year ended December 31, 2020
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	—	$	—	$	—	$	43	$	—	$	—
Home equity and lines of credit		—		—		—		2		—		—
Commercial real estate		380		380		40		106		17		11
Commercial business		78		78		20		53		5		4
Consumer		—		—		—		—		—		—
Total	$	458	$	458	$	60	$	204	$	22	$	15

	Impaired Loans with No Specific Allowance
	As of December 31, 2020				For the year ended December 31, 2020
	Unpaid Principal Balance		Recorded Investment		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	440	$	329	$	300	$	7	$	7
Home equity and lines of credit		3		3		2		—		—
Commercial real estate		1,259		1,259		1,167		76		66
Commercial business		65		65		80		10		6
Consumer		—		—		—		—		—
Total	$	1,767	$	1,656	$	1,549	$	93	$	79

(Dollar amounts in thousands)
	Impaired Loans with Specific Allowance
	As of June 30, 2020						For the three months ended June 30, 2020
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	71	$	71	$	1	$	71	$	1	$	1
Home equity and lines of credit		4		4		—		4		—		—
Commercial real estate		—		—		—		75		—		—
Commercial business		72		72		11		58		—		—
Consumer		—		—		—		—		—		—
Total	$	147	$	147	$	12	$	208	$	1	$	1

	For the six months ended June 30, 2020
	Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	71	$	2	$	2
Home equity and lines of credit		4		—		—
Commercial real estate		50		—		—
Commercial business		39		1		1
Consumer		—		—		—
Total	$	164	$	3	$	3

	Impaired Loans with No Specific Allowance
	As of June 30, 2020				For the three months ended June 30, 2020
	Unpaid Principal Balance		Recorded Investment		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	384	$	273	$	276	$	—	$	—
Home equity and lines of credit		—		—		—		—		—
Commercial real estate		1,734		1,734		1,400		40		24
Commercial business		141		141		92		4		2
Consumer		—		—		—		—		—
Total	$	2,259	$	2,148	$	1,768	$	44	$	26

	For the six months ended June 30, 2020
	Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	279	$	1	$	1
Home equity and lines of credit		—		—		—
Commercial real estate		960		54		37
Commercial business		75		4		2
Consumer		—		—		—
Total	$	1,314	$	59	$	40

Financing Receivable Credit Quality Indicators [Table Text Block]

(Dollar amounts in thousands)
	Not Rated		Pass		Special Mention		Substandard		Doubtful		Total
June 30, 2021:
Residential first mortgages	$	286,767	$	—	$	—	$	1,611	$	—	$	288,378
Home equity and lines of credit		80,405		—		—		147		—		80,552
Commercial real estate		—		268,967		7,524		27,010		—		303,501
Commercial business		—		78,948		1,369		5,305		—		85,622
Consumer		46,070		—		—		16		—		46,086
Total loans	$	413,242	$	347,915	$	8,893	$	34,089	$	—	$	804,139
December 31, 2020:
Residential first mortgages	$	306,237	$	—	$	—	$	1,794	$	—	$	308,031
Home equity and lines of credit		86,867		—		—		221		—		87,088
Commercial real estate		—		249,357		19,669		16,599		—		285,625
Commercial business		—		83,059		2,054		4,026		—		89,139
Consumer		39,987		—		—		48		—		40,035
Total loans	$	433,091	$	332,416	$	21,723	$	22,688	$	—	$	809,918

Financing Receivable, Past Due [Table Text Block]

(Dollar amounts in thousands)
	Performing						Nonperforming
	Accruing Loans Not Past Due		Accruing 30-59 Days Past Due		Accruing 60-89 Days Past Due		Accruing 90+ Days Past Due		Nonaccrual		Total
June 30, 2021:
Residential first mortgages	$	284,959	$	1,365	$	444	$	359	$	1,251	$	288,378
Home equity and lines of credit		79,448		534		423		15		132		80,552
Commercial real estate		301,768		421		—		—		1,312		303,501
Commercial business		85,240		6		—		235		141		85,622
Consumer		45,993		6		71		—		16		46,086
Total loans	$	797,408	$	2,332	$	938	$	609	$	2,852	$	804,139
December 31, 2020:
Residential first mortgages	$	304,161	$	1,836	$	239	$	176	$	1,619	$	308,031
Home equity and lines of credit		86,093		446		328		146		75		87,088
Commercial real estate		283,373		580		41		18		1,613		285,625
Commercial business		88,614		72		46		239		168		89,139
Consumer		39,917		28		42		—		48		40,035
Total loans	$	802,158	$	2,962	$	696	$	579	$	3,523	$	809,918

Financing Receivable, Nonaccrual [Table Text Block]

(Dollar amounts in thousands)
	Not Past Due		30-59 Days Past Due		60-89 Days Past Due		90 Days + Past Due		Total
June 30, 2021:
Residential first mortgages	$	208	$	—	$	69	$	974	$	1,251
Home equity and lines of credit		4		—		—		128		132
Commercial real estate		849		20		60		383		1,312
Commercial business		141		—		—		—		141
Consumer		—		—		—		16		16
Total loans	$	1,202	$	20	$	129	$	1,501	$	2,852
December 31, 2020:
Residential first mortgages	$	220	$	70	$	—	$	1,329	$	1,619
Home equity and lines of credit		4		—		—		71		75
Commercial real estate		1,016		—		24		573		1,613
Commercial business		168		—		—		—		168
Consumer		—		—		—		48		48
Total loans	$	1,408	$	70	$	24	$	2,021	$	3,523