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

9 Months Ended

Sep. 30, 2022

Notes Tables

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

(Dollar amounts in thousands)	September 30, 2022		December 31, 2021
Mortgage loans on real estate:
Residential first mortgages	$	294,286	$	273,823
Home equity loans and lines of credit		72,699		75,810
Commercial real estate		344,716		326,341
Total real estate loans		711,701		675,974
Other loans:
Commercial business		56,026		65,877
Consumer		42,379		48,552
Total other loans		98,405		114,429
Total loans, gross		810,106		790,403
Less allowance for loan losses		10,589		10,393
Total loans, net	$	799,517	$	780,010

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 September 30, 2022:
Allowance for loan losses:
Beginning Balance	$	2,505		$	493		$	6,542		$	622		$	363		$	10,525
Charge-offs		(18	)		(49	)		(7	)		—			(19	)		(93	)
Recoveries		—			3			5			—			9			17
Provision		49			48			77			(27	)		(7	)		140
Ending Balance	$	2,536		$	495		$	6,617		$	595		$	346		$	10,589
Nine months ended September 30, 2022:
Allowance for loan losses:
Beginning Balance	$	2,335		$	525		$	6,253		$	904		$	376		$	10,393
Charge-offs		(36	)		(63	)		(7	)		—			(262	)		(368	)
Recoveries		—			43			63			—			23			129
Provision		237			(10	)		308			(309	)		209			435
Ending Balance	$	2,536		$	495		$	6,617		$	595		$	346		$	10,589
At September 30, 2022:
Ending ALL balance attributable to loans:
Individually evaluated for impairment	$	17		$	—		$	157		$	17		$	—		$	191
Acquired loans collectively evaluated for impairment		—			—			—			—			—			—
Originated loans collectively evaluated for impairment		2,519			495			6,460			578			346			10,398
Total	$	2,536		$	495		$	6,617		$	595		$	346		$	10,589
Total loans:
Individually evaluated for impairment	$	270		$	4		$	2,193		$	95		$	—		$	2,562
Acquired loans collectively evaluated for impairment		23,500			5,278			17,325			1,759			343			48,205
Originated loans collectively evaluated for impairment		270,516			67,417			325,198			54,172			42,036			759,339
Total	$	294,286		$	72,699		$	344,716		$	56,026		$	42,379		$	810,106
At December 31, 2021:
Ending ALL balance attributable to loans:
Individually evaluated for impairment	$	1		$	—		$	88		$	196		$	—		$	285
Acquired loans collectively evaluated for impairment		—			—			—			—			—			—
Originated loans collectively evaluated for impairment		2,334			525			6,165			708			376			10,108
Total	$	2,335		$	525		$	6,253		$	904		$	376		$	10,393
Total loans:
Individually evaluated for impairment	$	294		$	4		$	1,225		$	363		$	—		$	1,886
Acquired loans collectively evaluated for impairment		29,573			6,370			21,471			2,055			538			60,007
Originated loans collectively evaluated for impairment		243,956			69,436			303,645			63,459			48,014			728,510
Total	$	273,823		$	75,810		$	326,341		$	65,877		$	48,552		$	790,403
Three months ended September 30, 2021:
Allowance for loan losses:
Beginning Balance	$	2,449		$	537		$	5,826		$	675		$	361		$	9,848
Charge-offs		—			(36	)		—			—			(33	)		(69	)
Recoveries		—			11			21			1			12			45
Provision		(101	)		21			153			7			45			125
Ending Balance	$	2,348		$	533		$	6,000		$	683		$	385		$	9,949
Nine months ended September 30, 2021:
Allowance for loan losses:
Beginning Balance	$	2,774		$	620		$	5,180		$	677		$	329		$	9,580
Charge-offs		—			(36	)		(151	)		—			(160	)		(347	)
Recoveries		—			19			22			1			24			66
Provision		(426	)		(70	)		949			5			192			650
Ending Balance	$	2,348		$	533		$	6,000		$	683		$	385		$	9,949

Impaired Financing Receivables [Table Text Block]

(Dollar amounts in thousands)
	Impaired Loans with Specific Allowance
	As of September 30, 2022						For the three months ended September 30, 2022
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	67	$	67	$	17	$	68	$	1	$	1
Home equity and lines of credit		—		—		—		—		—		—
Commercial real estate		2,040		2,040		157		2,050		22		22
Commercial business		17		17		17		9		—		—
Consumer		—		—		—		—		—		—
Total	$	2,124	$	2,124	$	191	$	2,127	$	23	$	23

	For the nine months ended September 30, 2022
	Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	68	$	2	$	2
Home equity and lines of credit		—		—		—
Commercial real estate		1,275		78		55
Commercial business		68		—		—
Consumer		—		—		—
Total	$	1,411	$	80	$	57

	Impaired Loans with No Specific Allowance
	As of September 30, 2022				For the three months ended September 30, 2022
	Unpaid Principal Balance		Recorded Investment		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	315	$	203	$	207	$	1	$	1
Home equity and lines of credit		4		4		4		—		—
Commercial real estate		153		153		185		7		7
Commercial business		78		78		80		2		1
Consumer		—		—		—		—		—
Total	$	550	$	438	$	476	$	10	$	9

	For the nine months ended September 30, 2022
	Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	215	$	3	$	3
Home equity and lines of credit		4		—		—
Commercial real estate		798		23		23
Commercial business		90		7		7
Consumer		—		—		—
Total	$	1,107	$	33	$	33

(Dollar amounts in thousands)
	Impaired Loans with Specific Allowance
	As of December 31, 2021						For the year ended December 31, 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	$	68	$	68	$	1	$	28	$	3	$	3
Home equity and lines of credit		—		—		—		—		—		—
Commercial real estate		559		559		88		387		30		30
Commercial business		250		250		196		79		8		8
Consumer		—		—		—		—		—		—
Total	$	877	$	877	$	285	$	494	$	41	$	41

	Impaired Loans with No Specific Allowance
	As of December 31, 2021				For the year ended December 31, 2021
	Unpaid Principal Balance		Recorded Investment		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	338	$	226	$	284	$	3	$	3
Home equity and lines of credit		4		4		4		—		—
Commercial real estate		666		666		990		71		71
Commercial business		113		113		96		5		5
Consumer		—		—		—		—		—
Total	$	1,121	$	1,009	$	1,374	$	79	$	79

(Dollar amounts in thousands)
	Impaired Loans with Specific Allowance
	As of September 30, 2021						For the three months ended September 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	$	—	$	—	$	—	$	—	$	—	$	—
Home equity and lines of credit		—		—		—		—		—		—
Commercial real estate		309		309		21		312		3		3
Commercial business		4		4		4		4		—		—
Consumer		—		—		—		—		—		—
Total	$	313	$	313	$	25	$	316	$	3	$	3

	For the nine months ended September 30, 2021
	Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	17	$	—	$	—
Home equity and lines of credit		—		—		—
Commercial real estate		344		12		12
Commercial business		37		—		—
Consumer		—		—		—
Total	$	398	$	12	$	12

	Impaired Loans with No Specific Allowance
	As of September 30, 2021				For the three months ended September 30, 2021
	Unpaid Principal Balance		Recorded Investment		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	415	$	303	$	308	$	2	$	2
Home equity and lines of credit		4		4		4		—		—
Commercial real estate		915		915		964		8		8
Commercial business		117		117		119		1		1
Consumer		—		—		—		—		—
Total	$	1,451	$	1,339	$	1,395	$	11	$	11

	For the nine months ended September 30, 2021
	Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	299	$	4	$	4
Home equity and lines of credit		4		—		—
Commercial real estate		1,070		32		32
Commercial business		92		4		4
Consumer		—		—		—
Total	$	1,465	$	40	$	40

Financing Receivable Credit Quality Indicators [Table Text Block]

(Dollar amounts in thousands)
	Not Rated		Pass		Special Mention		Substandard		Doubtful		Total
September 30, 2022:
Residential first mortgages	$	293,521	$	—	$	—	$	765	$	—	$	294,286
Home equity and lines of credit		72,383		—		—		316		—		72,699
Commercial real estate		—		310,253		10,628		23,835		—		344,716
Commercial business		—		50,710		1,212		4,104		—		56,026
Consumer		42,313		—		—		66		—		42,379
Total loans	$	408,217	$	360,963	$	11,840	$	29,086	$	—	$	810,106
December 31, 2021:
Residential first mortgages	$	272,722	$	—	$	—	$	1,101	$	—	$	273,823
Home equity and lines of credit		75,408		—		—		402		—		75,810
Commercial real estate		—		295,891		7,494		22,956		—		326,341
Commercial business		—		59,628		1,356		4,893		—		65,877
Consumer		48,538		—		—		14		—		48,552
Total loans	$	396,668	$	355,519	$	8,850	$	29,366	$	—	$	790,403

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
September 30, 2022:
Residential first mortgages	$	291,327	$	2,153	$	41	$	238	$	527	$	294,286
Home equity and lines of credit		71,823		286		274		120		196		72,699
Commercial real estate		341,769		476		240		38		2,193		344,716
Commercial business		55,630		—		95		206		95		56,026
Consumer		42,209		79		25		23		43		42,379
Total loans	$	802,758	$	2,994	$	675	$	625	$	3,054	$	810,106
December 31, 2021:
Residential first mortgages	$	270,221	$	1,913	$	588	$	291	$	810	$	273,823
Home equity and lines of credit		74,853		230		325		160		242		75,810
Commercial real estate		325,018		73		—		—		1,250		326,341
Commercial business		65,305		—		—		234		338		65,877
Consumer		48,344		117		77		—		14		48,552
Total loans	$	783,741	$	2,333	$	990	$	685	$	2,654	$	790,403

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
September 30, 2022:
Residential first mortgages	$	178	$	—	$	68	$	281	$	527
Home equity and lines of credit		4		—		—		192		196
Commercial real estate		2,193		—		—		—		2,193
Commercial business		80		—		—		15		95
Consumer		—		—		—		43		43
Total loans	$	2,455	$	-	$	68	$	531	$	3,054
December 31, 2021:
Residential first mortgages	$	196	$	—	$	69	$	545	$	810
Home equity and lines of credit		4		—		—		238		242
Commercial real estate		1,052		10		—		188		1,250
Commercial business		338		—		—		—		338
Consumer		—		—		—		14		14
Total loans	$	1,590	$	10	$	69	$	985	$	2,654