Note 4 - Loans Receivable (Tables)

6 Months Ended

Jun. 30, 2021

Notes Tables

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

(Dollars in thousands)
	June 30, 2021		December 31, 2020
Loans secured by real estate:
Residential real estate	$	268,649	$	286,048
Home equity		36,684		39,233
Commercial real estate		315,087		298,257
Construction and land development		104,154		93,562
Multifamily		53,639		50,571
Farmland		309		215
Total loans secured by real estate		778,522		767,886
Commercial business		149,414		158,140
Consumer		544		1,025
Manufactured homes		28,135		24,232
Government		8,462		10,142
Subtotal		965,077		961,425
Add (less):
Net deferred loan origination fees and purchase premiums..		4,235		3,871
Undisbursed loan funds and clearings		179		(150	)
Loans receivable	$	969,491	$	965,146

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

(Dollars in thousands)	Beginning Balance		Charge-offs			Recoveries		Provisions			Ending Balance
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended June 30, 2021:
Allowance for loan losses:
Residential real estate	$	2,176	$	-		$	15	$	103		$	2,294
Home equity		309		-			-		62			371
Commercial real estate		5,726		-			-		213			5,939
Construction and land development		1,587		-			-		211			1,798
Multifamily		680		-			-		60			740
Farmland		-		-			-		-			-
Commercial business		2,552		-			11		(89	)		2,474
Consumer		17		(11	)		1		16			23
Manufactured homes		-		-			-		-			-
Government		-		-			-		-			-
Total	$	13,047	$	(11	)	$	27	$	576		$	13,639

The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended June 30, 2020:
Allowance for loan losses:
Residential real estate	$	1,828	$	(2	)	$	4	$	(122	)	$	1,708
Home equity		246		-			-		(15	)		231
Commercial real estate		3,693		(80	)		-		99			3,712
Construction and land development		1,223		(17	)		-		(5	)		1,201
Multifamily		562		-			-		47			609
Farmland		-		-			-		-			-
Commercial business		1,901		(78	)		16		536			2,375
Consumer		42		(1	)		5		(16	)		30
Manufactured homes		-		-			-		-			-
Government		16		-			-		(16	)		-
Total	$	9,511	$	(178	)	$	25	$	508		$	9,866

The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the six months ended June 30, 2021:
Allowance for loan losses:
Residential real estate	$	2,211	$	(4	)	$	25	$	62		$	2,294
Home equity		276		(1	)		-		96			371
Commercial real estate		5,406		-			-		533			5,939
Construction and land development		1,405		-			-		393			1,798
Multifamily		626		-			-		114			740
Farmland		-		-			-		-			-
Commercial business		2,508		-			19		(53	)		2,474
Consumer		26		(17	)		5		9			23
Manufactured homes		-		-			-		-			-
Government		-		-			-		-			-
Total	$	12,458	$	(22	)	$	49	$	1,154		$	13,639

The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the six months ended June 30, 2020:
Allowance for loan losses:
Residential real estate	$	1,812	$	(2	)	$	10	$	(112	)	$	1,708
Home equity		223		-			-		8			231
Commercial real estate		3,773		(80	)		-		19			3,712
Construction and land development		1,098		(17	)		-		120			1,201
Multifamily		529		-			-		80			609
Farmland		-		-			-		-			-
Commercial business		1,504		(78	)		17		932			2,375
Consumer		43		(13	)		8		(8	)		30
Manufactured homes		-		-			-		-			-
Government		17		-			-		(17	)		-
Total	$	8,999	$	(190	)	$	35	$	1,022		$	9,866

Financing Receivable, Impairment Evaluation [Table Text Block]

The Bancorp's impairment analysis is summarized below:
	Ending Balances
(Dollars in thousands)	Individually evaluated for impairment reserves		Collectively evaluated for impairment reserves		Loan receivables		Individually evaluated for impairment		Purchased credit impaired individually evaluated for impairment		Collectively evaluated for impairment
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at June 30, 2021:
Residential real estate	$	85	$	2,209	$	268,649	$	730	$	1,002	$	266,917
Home equity		5		366		36,684		164		129		36,391
Commercial real estate		1,204		4,735		315,087		7,260		146		307,681
Construction and land development		-		1,798		104,154		-		-		104,154
Multifamily		-		740		53,639		-		596		53,043
Farmland		-		-		309		-		-		309
Commercial business		476		1,998		149,414		944		1,147		147,323
Consumer		-		23		544		-		-		544
Manufactured homes		-		-		28,135		-		-		28,135
Government		-		-		8,462		-		-		8,462
Total	$	1,770	$	11,869	$	965,077	$	9,098	$	3,020	$	952,959

The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2020:
Residential real estate	$	173	$	2,038	$	286,048	$	868	$	1,297	$	283,883
Home equity		1		275		39,233		216		137		38,880
Commercial real estate		1,089		4,317		298,257		6,190		151		291,916
Construction and land development		-		1,405		93,562		-		-		93,562
Multifamily		-		626		50,571		95		621		49,855
Farmland		-		-		215		-		-		215
Commercial business		512		1,996		158,140		1,086		1,160		155,894
Consumer		-		26		1,025		-		-		1,025
Manufactured homes		-		-		24,232		-		-		24,232
Government		-		-		10,142		-		-		10,142
Total	$	1,775	$	10,683	$	961,425	$	8,455	$	3,366	$	949,604

Financing Receivable Credit Quality Indicators [Table Text Block]

The Bancorp's credit quality indicators are summarized below at June 30, 2021 and December 31, 2020:
	Credit Exposure - Credit Risk Portfolio By Creditworthiness Category
	June 30, 2021
(Dollars in thousands)	1-5		6		7		8
Loan Segment	Pass		Pass/monitor		Special mention		Substandard		Total
Residential real estate	$	224,121	$	36,446	$	3,969	$	4,113	$	268,649
Home equity		34,900		712		560		512		36,684
Commercial real estate		233,022		59,866		13,801		8,398		315,087
Construction and land development		80,521		19,971		3,662		-		104,154
Multifamily		46,911		4,951		1,377		400		53,639
Farmland		101		208		-		-		309
Commercial business		127,244		20,092		1,162		916		149,414
Consumer		544		-		-		-		544
Manufactured homes		27,335		740		60		-		28,135
Government		8,462		-		-		-		8,462
Total	$	783,161	$	142,986	$	24,591	$	14,339	$	965,077

	December 31, 2020
(Dollars in thousands)	1-5		6		7		8
Loan Segment	Pass		Pass/monitor		Special mention		Substandard		Total
Residential real estate	$	234,317	$	41,805	$	3,539	$	6,387	$	286,048
Home equity		37,044		933		761		495		39,233
Commercial real estate		222,892		55,202		11,983		8,180		298,257
Construction and land development		77,855		12,055		3,652		-		93,562
Multifamily		43,594		5,065		1,408		504		50,571
Farmland		-		215		-		-		215
Commercial business		135,671		20,067		1,341		1,061		158,140
Consumer		1,025		-		-		-		1,025
Manufactured homes		23,501		731		-		-		24,232
Government		10,142		-		-		-		10,142
Total	$	786,041	$	136,073	$	22,684	$	16,627	$	961,425

Impaired Financing Receivables [Table Text Block]

The Bancorp's individually evaluated impaired loans are summarized below:
							For the six months ended				For the three months ended
	As of June 30, 2021						June 30, 2021				June 30, 2021
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Residential real estate	$	1,571	$	2,904	$	-	$	1,735	$	42	$	1,655	$	20
Home equity		271		283		-		317		5		300		1
Commercial real estate		1,538		2,121		-		1,295		26		1,354		14
Construction and land development		-		-		-		-		-		-		-
Multifamily		596		678		-		670		11		648		6
Farmland		-		-		-		-		-		-		-
Commercial business		1,408		1,408		-		1,447		36		1,422		18
Consumer		-		-		-		-		-		-		-
Manufactured homes		-		-		-		-		-		-		-
Government		-		-		-		-		-		-		-
With an allowance recorded:
Residential real estate	$	161	$	161	$	85	$	198	$	5	$	162	$	-
Home equity		22		22		5		15		-		23		-
Commercial real estate		5,868		5,868		1,204		5,655		113		5,901		63
Construction and land development		-		-		-		-		-		-		-
Multifamily		-		-		-		-		-		-		-
Farmland		-		-		-		-		-		-		-
Commercial business		683		683		476		719		22		704		11
Consumer		-		-		-		-		-		-		-
Manufactured homes		-		-		-		-		-		-		-
Government		-		-		-		-		-		-		-
Total:
Residential real estate	$	1,732	$	3,065	$	85	$	1,933	$	47	$	1,817	$	20
Home equity	$	293	$	305	$	5	$	332	$	5	$	323	$	1
Commercial real estate	$	7,406	$	7,989	$	1,204	$	6,950	$	139	$	7,255	$	77
Construction & land development	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Multifamily	$	596	$	678	$	-	$	670	$	11	$	648	$	6
Farmland	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial business	$	2,091	$	2,091	$	476	$	2,166	$	58	$	2,126	$	29
Consumer	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Manufactured homes	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Government	$	-	$	-	$	-	$	-	$	-	$	-	$	-

							For the six months ended				For the three months ended
	As of December 31, 2020						June 30, 2020				June 30, 2020
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Residential real estate	$	1,895	$	3,228	$	-	$	2,107	$	49	$	2,090	$	25
Home equity		352		363		-		384		9		362		4
Commercial real estate		1,177		1,761		-		1,379		47		1,295		34
Construction & land development		-		-		-		-		-		-		-
Multifamily		716		798		-		784		14		775		7
Farmland		-		-		-		-		-		-		-
Commercial business		1,497		1,514		-		1,588		40		1,475		23
Consumer		-		-		-		-		-		-		-
Manufactured homes		-		-		-		-		-		-		-
Government		-		-		-		-		-		-		-
With an allowance recorded:
Residential real estate	$	270	$	314	$	173	$	107	$	1	$	120	$	-
Home equity		1		9		1		5		-		-		-
Commercial real estate		5,164		5,164		1,089		67		1		92		1
Construction & land development		-		-		-		-		-		-		-
Multifamily		-		-		-		-		-		-		-
Farmland		-		-		-		-		-		-		-
Commercial business		749		749		512		676		19		826		16
Consumer		-		-		-		-		-		-		-
Manufactured homes		-		-		-		-		-		-		-
Government		-		-		-		-		-		-		-
Total:
Residential real estate	$	2,165	$	3,542	$	173	$	2,214	$	50	$	2,210	$	25
Home equity	$	353	$	372	$	1	$	389	$	9	$	362	$	4
Commercial real estate	$	6,341	$	6,925	$	1,089	$	1,446	$	48	$	1,387	$	35
Construction & land development	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Multifamily	$	716	$	798	$	-	$	784	$	14	$	775	$	7
Farmland	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial business	$	2,246	$	2,263	$	512	$	2,264	$	59	$	2,301	$	39
Consumer	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Manufactured homes	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Government	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Financing Receivable, Past Due [Table Text Block]

The Bancorp's age analysis of past due loans is summarized below:
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current		Total Loans		Recorded Investments Greater than 90 Days Past Due and Accruing
June 30, 2021
Residential real estate	$	1,894	$	1,191	$	2,396	$	5,481	$	263,168	$	268,649	$	79
Home equity		398		47		413		858		35,826		36,684		-
Commercial real estate		619		488		1,421		2,528		312,559		315,087		95
Construction and land development		328		-		42		370		103,784		104,154		41
Multifamily		256		-		120		376		53,263		53,639		-
Farmland		-		-		-		-		309		309		-
Commercial business		1,316		-		215		1,531		147,883		149,414		33
Consumer		1		-		-		1		543		544		-
Manufactured homes		249		109		-		358		27,777		28,135		-
Government		-		-		-		-		8,462		8,462		-
Total	$	5,061	$	1,835	$	4,607	$	11,503	$	953,574	$	965,077	$	248
December 31, 2020
Residential real estate	$	2,797	$	1,119	$	4,875	$	8,791	$	277,257	$	286,048	$	80
Home equity		616		323		416		1,355		37,878		39,233		29
Commercial real estate		1,172		237		680		2,089		296,168		298,257		437
Construction and land development		471		-		20		491		93,071		93,562		20
Multifamily		94		266		150		510		50,061		50,571		-
Farmland		-		-		-		-		215		215		-
Commercial business		845		96		269		1,210		156,930		158,140		-
Consumer		2		-		-		2		1,023		1,025		-
Manufactured homes		303		173		-		476		23,756		24,232		-
Government		380		-		-		380		9,762		10,142		-
Total	$	6,680	$	2,214	$	6,410	$	15,304	$	946,121	$	961,425	$	566

Financing Receivable, Nonaccrual [Table Text Block]

The Bancorp's loans on nonaccrual status are summarized below:
(Dollars in thousands)
	June 30, 2021		December 31, 2020
Residential real estate	$	4,180	$	6,390
Home equity		495		476
Commercial real estate		6,521		5,390
Construction and land development.		-		-
Multifamily		400		504
Farmland		-		-
Commercial business		429		1,039
Consumer		-		-
Manufactured homes		-		-
Government		-		-
Total	$	12,025	$	13,799

Schedule of Accretable Yield from Financing Receivables [Table Text Block]

Accretable interest taken from the purchase credit impaired portfolio, or income recorded for the six months ended June 30, is as follows:
(dollars in thousands)	Total
2020	$	57
2021		21

Accretable interest taken from the purchase credit impaired portfolio, or income recorded for the three months ended June 30, is as follows:
(dollars in thousands)	Total
2020	$	28
2021		-

(dollars in thousands)	Total
2020	$	975
2021		605

(dollars in thousands)	Total
2020	$	615
2021		300

(dollars in thousands)	Total
2021	$	384
2022		758
2023		271
Total	$	1,413