Note 4 - Credit Quality

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Financing Receivables [Text Block]

Note 4. Credit Quality

The Company uses a risk grading matrix to assign a risk grade to each loan in its portfolio. Loan risk ratings may be upgraded or downgraded to reflect current information identified during the loan review process. The general characteristics of each risk grade are as follows:

● Pass -- This grade is assigned to loans with acceptable credit quality and risk. The Company further segments this grade based on borrower characteristics that include capital strength, earnings stability, liquidity, leverage, and industry conditions.

● Special Mention -- This grade is assigned to loans that require an above average degree of supervision and attention. These loans have the characteristics of an asset with acceptable credit quality and risk; however, adverse economic or financial conditions exist that create potential weaknesses deserving of management’s close attention. If potential weaknesses are not corrected, the prospect of repayment may worsen.

● Substandard -- This grade is assigned to loans that have well defined weaknesses that may make payment default, or principal exposure, possible. These loans will likely be dependent on collateral liquidation, secondary repayment sources, or events outside the normal course of business to meet repayment terms.

● Doubtful -- This grade is assigned to loans that have the weaknesses inherent in substandard loans; however, the weaknesses are so severe that collection or liquidation in full is unlikely based on current facts, conditions, and values. Due to certain specific pending factors, the amount of loss cannot yet be determined.

● Loss -- This grade is assigned to loans that will be charged off or charged down when payments, including the timing and value of payments, are uncertain. This risk grade does not imply that the asset has no recovery or salvage value, but simply means that it is not practical or desirable to defer writing off, either all or a portion of, the loan balance even though partial recovery may be realized in the future.

The following table presents the recorded investment of the loan portfolio, by loan class and credit quality, as of the dates indicated:

	March 31, 2025
			Special
(Amounts in thousands)	Pass		Mention		Substandard		Doubtful		Loss		Total
Commercial loans
Construction, development, and other land	$	68,591	$	131	$	1,483	$	-	$	-	$	70,205
Commercial and industrial		241,694		1,301		3,607		-		-		246,602
Multi-family residential		191,893		154		146		-		-		192,193
Single family non-owner occupied		182,978		1,670		6,883		-		-		191,531
Non-farm, non-residential		820,637		12,237		7,872		-		-		840,746
Agricultural		10,177		3,521		1,881		-		-		15,579
Farmland		10,251		408		1,135		-		-		11,794
Consumer real estate loans
Home equity lines		84,606		424		2,958		-		-		87,988
Single family owner occupied		618,681		1,708		20,280		-		-		640,669
Owner occupied construction		3,873		-		-		-		-		3,873
Consumer and other loans
Consumer loans		77,891		-		1,612		-		-		79,503
Other		2,016		-		-		-		-		2,016
Total loans	$	2,313,288	$	21,554	$	47,857	$	-	$	-	$	2,382,699

	December 31, 2024
			Special
(Amounts in thousands)	Pass		Mention		Substandard		Doubtful		Loss		Total
Commercial loans
Construction, development, and other land	$	69,290	$	133	$	2,896	$	—	$	—	$	72,319
Commercial and industrial		227,108		2,045		3,701		—		—		232,854
Multi-family residential		194,865		3,319		1,337		—		—		199,521
Single family non-owner occupied		187,762		1,701		6,125		—		—		195,588
Non-farm, non-residential		831,821		12,572		7,830		—		—		852,223
Agricultural		11,144		3,589		1,943		—		—		16,676
Farmland		10,729		430		1,152		—		—		12,311
Consumer real estate loans
Home equity lines		86,908		476		2,843		—		—		90,227
Single family owner occupied		627,853		2,047		20,406		—		—		650,306
Owner occupied construction		4,491		—		—		—		—		4,491
Consumer and other loans
Consumer loans		86,177		—		1,581		—		—		87,758
Other		1,815		—		—		—		—		1,815
Total loans	$	2,339,963	$	26,312	$	49,814	$	—	$	—	$	2,416,089

The following tables present the amortized cost basis and current period gross write-offs of the loan portfolio, by year of origination, loan class, and credit quality, as of the date indicated:  

(Amounts in thousands)	Term Loans Amortized Cost Basis by Origination Year
Balance at March 31, 2025	2025		2024		2023		2022		2021		Prior		Revolving		Total
Construction, development and other land
Pass	$	429	$	10,300	$	7,306	$	32,155	$	12,272	$	5,474	$	655	$	68,591
Special mention		-		-		-		-		-		131		-		131
Substandard		-		164		1,155		-		-		164		-		1,483
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total construction, development, and other land	$	429	$	10,464	$	8,461	$	32,155	$	12,272	$	5,769	$	655	$	70,205
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial and industrial
Pass	$	26,647	$	66,417	$	30,840	$	47,235	$	9,971	$	18,218	$	42,366	$	241,694
Special mention		-		2		-		60		-		947		292		1,301
Substandard		64		341		380		901		571		1,000		350		3,607
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total commercial and industrial	$	26,711	$	66,760	$	31,220	$	48,196	$	10,542	$	20,165	$	43,008	$	246,602
Current period gross write-offs	$	-	$	33	$	11	$	40	$	-	$	393	$	-	$	477
Multi-family residential
Pass	$	-	$	768	$	10,011	$	73,072	$	40,115	$	65,172	$	2,755	$	191,893
Special mention		-		-		-		-		-		154		-		154
Substandard		-		-		-		103		-		43		-		146
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total multi-family residential	$	-	$	768	$	10,011	$	73,175	$	40,115	$	65,369	$	2,755	$	192,193
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Non-farm, non-residential
Pass	$	10,484	$	38,925	$	74,887	$	221,780	$	133,780	$	330,686	$	10,095	$	820,637
Special mention		-		153		-		560		3,789		7,735		-		12,237
Substandard		-		-		82		339		2,620		4,521		310		7,872
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total non-farm, non-residential	$	10,484	$	39,078	$	74,969	$	222,679	$	140,189	$	342,942	$	10,405	$	840,746
Current period gross write-offs	$	-	$	-	$	-	$	56	$	-	$	-	$	-	$	56
Agricultural
Pass	$	20	$	585	$	2,929	$	2,515	$	1,398	$	1,898	$	832	$	10,177
Special mention		-		-		-		251		155		2,715		400		3,521
Substandard		-		-		447		159		22		1,253		-		1,881
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total agricultural	$	20	$	585	$	3,376	$	2,925	$	1,575	$	5,866	$	1,232	$	15,579
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Farmland
Pass	$	155	$	854	$	1,110	$	1,023	$	1,345	$	4,602	$	1,162	$	10,251
Special mention		-		-		-		-		97		311		-		408
Substandard		-		-		-		-		-		1,135		-		1,135
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total farmland	$	155	$	854	$	1,110	$	1,023	$	1,442	$	6,048	$	1,162	$	11,794
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

(Amounts in thousands)	Term Loans Amortized Cost Basis by Origination Year
Balance at March 31, 2025	2025		2024		2023		2022		2021		Prior		Revolving		Total
Home equity lines
Pass	$	765	$	9	$	101	$	1,217	$	149	$	4,050	$	78,315	$	84,606
Special mention		-		-		-		-		-		88		336		424
Substandard		-		-		22		13		-		1,909		1,014		2,958
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total home equity lines	$	765	$	9	$	123	$	1,230	$	149	$	6,047	$	79,665	$	87,988
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	5	$	5
Single family Mortgage
Pass	$	7,775	$	16,695	$	47,858	$	150,458	$	199,756	$	378,532	$	585	$	801,659
Special mention		-		-		-		-		541		2,837		-		3,378
Substandard		-		30		878		2,853		1,388		22,014		-		27,163
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total single family owner and non-owner occupied	$	7,775	$	16,725	$	48,736	$	153,311	$	201,685	$	403,383	$	585	$	832,200
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	1	$	-	$	1
Owner occupied construction
Pass	$	87	$	3,135	$	153	$	51	$	161	$	286	$	-	$	3,873
Special mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total owner occupied construction	$	87	$	3,135	$	153	$	51	$	161	$	286	$	-	$	3,873
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Consumer loans
Pass	$	5,949	$	15,806	$	18,094	$	20,608	$	8,379	$	3,442	$	7,629	$	79,907
Special mention		-		-		-		-		-		-		-		-
Substandard		-		139		252		525		331		331		34		1,612
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total consumer loans	$	5,949	$	15,945	$	18,346	$	21,133	$	8,710	$	3,773	$	7,663	$	81,519
Current period gross write-offs	$	379	$	175	$	312	$	316	$	159	$	37	$	81	$	1,459

(Amounts in thousands)	Term Loans Amortized Cost Basis by Origination Year
Balance at March 31, 2025	2025		2024		2023		2022		2021		Prior		Revolving		Total
Total loans
Pass	$	52,311	$	153,494	$	193,289	$	550,114	$	407,326	$	812,360	$	144,394	$	2,313,288
Special mention		-		155		-		871		4,582		14,918		1,028		21,554
Substandard		64		674		3,216		4,893		4,932		32,370		1,708		47,857
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total loans	$	52,375	$	154,323	$	196,505	$	555,878	$	416,840	$	859,648	$	147,130	$	2,382,699
Current period gross write-offs	$	379	$	208	$	323	$	412	$	159	$	431	$	86	$	1,998

(Amounts in thousands)	Term Loans Amortized Cost Basis by Origination Year
Balance at December 31, 2024	2024		2023		2022		2021		2020		Prior		Revolving		Total
Construction, development
and other land
Pass	$	9,806	$	7,378	$	33,423	$	12,495	$	1,948	$	3,589	$	651	$	69,290
Special Mention		-		-		-		-		65		68		-		133
Substandard		164		2,418		-		-		11		303				2,896
Doubtful		-		-		-		-		-		-				-
Loss		-		-		-		-		-		-		-		-
Total construction, development, and other land	$	9,970	$	9,796	$	33,423	$	12,495	$	2,024	$	3,960	$	651	$	72,319
Current period gross write-offs	$	-	$	-	$	-	$	-	$	1	$	8	$	-	$	9
Commercial and industrial
Pass	$	71,241	$	34,794	$	50,214	$	11,973	$	7,332	$	12,265	$	39,289	$	227,108
Special Mention		5		-		35		82		-		1,584		339		2,045
Substandard		193		404		831		457		465		1,351		-		3,701
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total commercial and industrial	$	71,439	$	35,198	$	51,080	$	12,512	$	7,797	$	15,200	$	39,628	$	232,854
Current period gross write-offs	$	24	$	95	$	351	$	48	$	34	$	2	$	-	$	554
Multi-family residential
Pass	$	775	$	10,084	$	73,633	$	42,533	$	28,855	$	36,150	$	2,835	$	194,865
Special Mention		-		-		-		-		-		3,319				3,319
Substandard		-		-		1,285		-		-		52				1,337
Doubtful		-		-		-		-		-		-				-
Loss		-		-		-		-		-		-		-		-
Total multi-family residential	$	775	$	10,084	$	74,918	$	42,533	$	28,855	$	39,521	$	2,835	$	199,521
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Non-farm, non-residential
Pass	$	40,054	$	76,285	$	226,217	$	140,911	$	104,728	$	235,001	$	8,625	$	831,821
Special Mention		154		-		565		1,758		-		10,095		-		12,572
Substandard		-		593		285		1,882		872		3,885		313		7,830
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-				-
Total non-farm, non-residential	$	40,208	$	76,878	$	227,067	$	144,551	$	105,600	$	248,981	$	8,938	$	852,223
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	29	$	-	$	29
Agricultural
Pass	$	646	$	3,168	$	2,723	$	1,561	$	245	$	1,754	$	1,047	$	11,144
Special Mention		-		-		256		161		3		3,169				3,589
Substandard		-		429		166		25		79		1,244				1,943
Doubtful		-		-		-		-		-		-				-
Loss		-		-		-		-		-		-		-		-
Total agricultural	$	646	$	3,597	$	3,145	$	1,747	$	327	$	6,167	$	1,047	$	16,676
Current period gross write-offs	$	-	$	115	$	96	$	19	$	-	$	-	$	-	$	230
Farmland
Pass	$	861	$	1,175	$	1,052	$	1,389	$	665	$	4,429	$	1,158	$	10,729
Special Mention		-		-		-		99		-		331				430
Substandard		-		-		-		-		142		1,010				1,152
Doubtful		-		-		-		-		-		-				-
Loss		-		-		-		-		-		-		-		-
Total farmland	$	861	$	1,175	$	1,052	$	1,488	$	807	$	5,770	$	1,158	$	12,311
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

(Amounts in thousands)	Term Loans Amortized Cost Basis by Origination Year
Balance at December 31, 2024	2024		2023		2022		2021		2020		Prior		Revolving		Total
Home equity lines
Pass	$	10	$	106	$	1,205	$	100	$	86	$	4,175	$	81,226	$	86,908
Special Mention		-		-		-		-		-		140		336		476
Substandard		23		22		78		-		22		1,793		905		2,843
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total home equity lines	$	33	$	128	$	1,283	$	100	$	108	$	6,108	$	82,467	$	90,227
Current period gross write-offs	$	3	$	-	$	-	$	-	$	47	$	-	$	17	$	67
Single family Mortgage
Pass	$	16,876	$	47,598	$	154,680	$	204,443	$	173,310	$	218,047	$	661	$	815,615
Special Mention		-		-		-		440		-		3,308		-		3,748
Substandard		6		779		1,550		1,270		1,161		21,765		-		26,531
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total single family owner and non-owner occupied	$	16,882	$	48,377	$	156,230	$	206,153	$	174,471	$	243,120	$	661	$	845,894
Current period gross write-offs	$	-	$	-	$	-	$	185	$	-	$	84	$	-	$	269
Owner occupied construction
Pass	$	2,387	$	1,272	$	318	$	217	$	-	$	297	$	-	$	4,491
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total owner occupied construction	$	2,387	$	1,272	$	318	$	217	$	-	$	297	$	-	$	4,491
Current period gross write-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Consumer loans
Pass	$	19,684	$	20,709	$	24,573	$	10,590	$	3,214	$	1,493	$	7,729	$	87,992
Special Mention		-		-		-		-		-		-		-		-
Substandard		94		327		532		284		30		279		35		1,581
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total consumer loans	$	19,778	$	21,036	$	25,105	$	10,874	$	3,244	$	1,772	$	7,764	$	89,573
Current period gross write-offs	$	1,518	$	1,269	$	2,277	$	908	$	243	$	105	$	373	$	6,693

(Amounts in thousands)	Term Loans Amortized Cost Basis by Origination Year
Balance at December 31, 2024	2024		2023		2022		2021		2020		Prior		Revolving		Total
Total loans
Pass	$	162,340	$	202,569	$	568,038	$	426,212	$	320,383	$	517,200	$	143,221	$	2,339,963
Special mention		159		-		856		2,540		68		22,014		675		26,312
Substandard		480		4,972		4,727		3,918		2,782		31,682		1,253		49,814
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total loans	$	162,979	$	207,541	$	573,621	$	432,670	$	323,233	$	570,896	$	145,149	$	2,416,089
Current period gross write-offs	$	1,545	$	1,479	$	2,724	$	1,160	$	325	$	228	$	390	$	7,851

The Company generally places a loan on nonaccrual status when it is 90 days or more past due.  The following table presents nonaccrual loans, by loan class, as of the dates indicated:

	March 31, 2025						December 31, 2024
(Amounts in thousands)	No Allowance		With an Allowance		Total		No Allowance		With an Allowance		Total
Commercial loans
Construction, development, and other land	$	16	$	1,156	$	1,172	$	140	$	—	$	140
Commercial and industrial		2,163		-		2,163		2,492		—		2,492
Multi-family residential		147		-		147		152		—		152
Single family non-owner occupied		1,093		-		1,093		983		—		983
Non-farm, non-residential		2,475		-		2,475		2,284		531		2,815
Agricultural		1,524		-		1,524		1,541		—		1,541
Farmland		383		-		383		386		—		386
Consumer real estate loans
Home equity lines		1,162		-		1,162		1,072		—		1,072
Single family owner occupied		8,775		-		8,775		9,189		—		9,189
Owner occupied construction		-		-		-		—		—		—
Consumer and other loans
Consumer loans		1,080		-		1,080		1,099		—		1,099
Total nonaccrual loans	$	18,818	$	1,156	$	19,974	$	19,338	$	531	$	19,869

Loans are considered past due when either principal or interest payments become contractually delinquent by 30 days or more. The Company’s policy is to discontinue the accrual of interest, if warranted, on loans based on the payment status, evaluation of the related collateral, and the financial strength of the borrower. Loans that are 90 days or more past due are placed on nonaccrual status. Management may elect to continue the accrual of interest when the loan is well secured and in process of collection. When interest accruals are discontinued, interest accrued and not collected in the current year is reversed from income, and interest accrued and not collected from prior years is charged to the allowance for credit losses. Nonaccrual loans may be returned to accrual status when all principal and interest amounts contractually due, including past due payments, are brought current; the ability of the borrower to repay the obligation is reasonably assured; and there is generally a period of at least six months of repayment performance by the borrower in accordance with the contractual terms. There was no material nonaccrual loan interest recognized in income during the first quarter of 2025 or 2024.  

The following tables presents the aging of past due loans, by loan class, as of the dates indicated. Nonaccrual loans 30 days or more past due are included in the applicable delinquency category: 

	March 31, 2025
													Amortized Cost of
	30 - 59 Days		60 - 89 Days		90+ Days		Total		Current		Total		> 90 Days Accruing
(Amounts in thousands)	Past Due		Past Due		Past Due		Past Due		Loans		Loans		No Allowance
Commercial loans
Construction, development, and other land	$	275	$	-	$	1,168	$	1,443	$	68,762	$	70,205	$	-
Commercial and industrial		808		696		1,922		3,426		243,176		246,602		-
Multi-family residential		103		-		-		103		192,090		192,193		-
Single family non-owner occupied		905		1,001		674		2,580		188,951		191,531		-
Non-farm, non-residential		2,009		366		1,788		4,163		836,583		840,746		-
Agricultural		83		1		304		388		15,191		15,579		-
Farmland		302		1		142		445		11,349		11,794		-
Consumer real estate loans
Home equity lines		213		239		466		918		87,070		87,988		-
Single family owner occupied		4,807		2,574		1,667		9,048		631,621		640,669		-
Owner occupied construction		-		-		-		-		3,873		3,873		-
Consumer and other loans
Consumer loans		2,343		764		468		3,575		75,928		79,503		-
Other		-		-		-		-		2,016		2,016		-
Total loans	$	11,848	$	5,642	$	8,599	$	26,089	$	2,356,610	$	2,382,699	$	-

	December 31, 2024
													Amortized Cost of
	30 - 59 Days		60 - 89 Days		90+ Days		Total		Current		Total		> 90 Days Accruing
(Amounts in thousands)	Past Due		Past Due		Past Due		Past Due		Loans		Loans		No Allowance
Commercial loans
Construction, development, and other land	$	40	$	2,424	$	143	$	2,607	$	69,712	$	72,319	$	—
Commercial and industrial		1,100		295		2,285		3,680		229,174		232,854		—
Multi-family residential		—		—		—		—		199,521		199,521		—
Single family non-owner occupied		1,228		434		500		2,162		193,426		195,588		—
Non-farm, non-residential		3,182		123		1,457		4,762		847,461		852,223		—
Agricultural		159		67		492		718		15,958		16,676		—
Farmland		11		2		142		155		12,156		12,311		—
Consumer real estate loans
Home equity lines		599		230		558		1,387		88,840		90,227		—
Single family owner occupied		5,812		1,457		3,974		11,243		639,063		650,306		—
Owner occupied construction		—		—		—		—		4,491		4,491		—
Consumer and other loans
Consumer loans		2,960		932		560		4,452		83,306		87,758		—
Other		—		—		—		—		1,815		1,815		—
Total loans	$	15,091	$	5,964	$	10,111	$	31,166	$	2,384,923	$	2,416,089	$	—

ASC 326 prescribes that when an entity determines foreclosure is probable, the expected credit loss can be measured based on the fair value of the collateral. As a practical expedient, an entity may use the fair value as of the reporting date when recording the net carrying amount of the asset. For the collateral dependent asset ("CDA") a credit loss expense is recorded for loan amounts in excess of fair value of the collateral.  The table below summarizes collateral dependent loans, where foreclosure is probable, by type of collateral, and the extent to which they are collateralized during the period.  

	March 31, 2025							December 31, 2024
(Amounts in thousands)	Balance		Collateral Coverage		%			Balance		Collateral Coverage		%
Commercial Real Estate	$	1,156	$	1,956		169.14	%	$	-	$	-		-
Other		-		-		-			531		645		121.57	%
Total collateral dependent loans	$	1,156	$	1,956		169.14	%	$	531	$	645		121.57	%

The Company may make concessions in interest rates, loan terms and/or amortization terms when restructuring loans for borrowers experiencing financial difficulty.  Effective, January 1, 2023, the Company adopted ASU 2022-02, Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures. The amendments eliminated TDR accounting guidance for issuers that adopted ASU 2016-13, created a single loan modification accounting model, and clarified disclosure requirements for loan modifications and write-offs.  Presented below are the amortized cost basis and percentage of loan class for loan modifications made to borrowers experiencing financial difficulty by loan class, concession type, and financial effect as of the dates indicated:

	Payment Delays
	Amortized Cost Basis		% of Total Class of
	March 31, 2025		Financing Receivable			Financial Effect
(Amounts in thousands)
Non Farm, Non Residential Property	$	192		0.02	%	Deferred 6 months of interest to loan maturity.
Single Family Owner Occupied		498		0.08	%	Deferred $66 thousand in principal to loan maturity.
Single Family Non Owner Occupied		28		0.01	%	Deferred 6 months of interest to loan maturity.
Agricultural		182		1.17	%	Deferred 6 months of interest to loan maturity.
Commercial & Industrial		125		0.05	%	Deferred $8 thousand in principal to loan maturity.
Total	$	1,025
	Term Extensions
	Amortized Cost Basis		% of Total Class of
	March 31, 2025		Financing Receivable			Financial Effect
(Amounts in thousands)
Single Family Owner Occupied	$	71		0.01	%	Extended term 10.5 years.
Commercial & Industrial		130		0.05	%	Delayed repayment of P & I for two years.
Consumer		1		0.00	%	Extended term from 60 to 84 months.
HELOC		1		0.00	%	Delayed repayment of P & I for two years.
Total	$	203
	Term Extension and Rate Reduction
	Amortized Cost Basis		% of Total Class of
	March 31, 2025		Financing Receivable			Financial Effect
(Amounts in thousands)
Single Family Owner Occupied	$	796		0.12	%	Reduced interest income and extended time to recover principal.
Consumer		7		0.01	%	Reduced rate to 10.5%; extended term by ten months.
Total	$	803
	Interest Rate Reduction
	Amortized Cost Basis		% of Total Class of
	March 31, 2025		Financing Receivable			Financial Effect
(Amounts in thousands)
Single Family Owner Occupied	$	93		0.01	%	Reduced interest rate from 3.15% to 1.95%.
Total	$	93

	Payment Delays
	Amortized Cost Basis		% of Total Class of
	December 31, 2024		Financing Receivable			Financial Effect
(Amounts in thousands)
Non Farm, Non Residential Property	$	625		0.07	%	Deferred 6 months of interest to Loan Maturity.
Single Family Owner Occupied		509		0.08	%	Deferred $66 thousand in Principal to Loan Maturity.
Single Family Non Owner Occupied		30		0.02	%	Deferred 6 months of interest to Loan Maturity.
Commercial & Industrial		135		0.06	%	Deferred $8 thousand in Principal to Loan Maturity.
Total	$	1,299
	Term Extensions
	Amortized Cost Basis		% of Total Class of
	December 31, 2024		Financing Receivable			Financial Effect
(Amounts in thousands)
Commercial & Industrial	$	144		0.06	%	Delayed repayment of P & I for two years.
Consumer		2		0.00	%	Extended term from 60 to 84 months.
Home Equity		2		0.00	%	Delayed repayment of P & I for two years.
Total	$	148
	Term Extension and Rate Reduction
	Amortized Cost Basis		% of Total Class of
	December 31, 2024		Financing Receivable			Financial Effect
(Amounts in thousands)
Single Family Owner Occupied	$	806		0.12	%	Reduced interest income and extended time to recover principal.
Consumer		7		0.01	%	Reduced rate to 10.5%; extended term by ten months.
Total	$	813

Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off.  Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount.  There were no modified loans (or portions of a loan) deemed uncollectible as of  March 31, 2025, or  December 31, 2024.

The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts.  The following table depicts the performance of loans that have been modified for the periods indicated:

	March 31, 2025
	Payment Status (Amortized Cost Basis)
	Current		30-89 Days Past Due		90+ Days Past Due
(Amounts in thousands)
Non Farm, Non Residential Property	$	192	$	-	$	-
Single Family Owner Occupied		1,310		148		-
Single Family Non Owner Occupied		-		28		-
Agricultural		182		-		-
Commercial & Industrial		130		-		125
Consumer		8		-		-
Home Equity		1		-		-
Total	$	1,823	$	176	$	125
	December 31, 2024
	Payment Status (Amortized Cost Basis)
	Current		30-89 Days Past Due		90+ Days Past Due
(Amounts in thousands)
Non Farm, Non Residential Property	$	625	$	-	$	-
Single Family Owner Occupied		1,140		174		-
Single Family Non Owner Occupied		-		30		-
Commercial & Industrial		144		-		135
Consumer		10		-		-
Home Equity		2
Total	$	1,921	$	204	$	135

The following table provides information about other real estate owned (“OREO”), which consists of properties acquired through foreclosure, as of the dates indicated:

	March 31, 2025		December 31, 2024
(Amounts in thousands)
OREO	$	298	$	521
OREO secured by residential real estate	$	298	$	521
Residential real estate loans in the foreclosure process(1)	$	1,727	$	2,625

(1) The recorded investment in mortgage loans collateralized by residential real estate that are in the process of foreclosure according to local requirements of the applicable jurisdiction