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

3 Months Ended

Mar. 31, 2022

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

(Dollar amounts in thousands)	*March 31, 2022*		*December 31, 2021*
Mortgage loans on real estate:
Residential first mortgages	$	273,724	$	273,823
Home equity loans and lines of credit		73,731		75,810
Commercial real estate		347,447		326,341
Total real estate loans		694,902		675,974
Other loans:
Commercial business		61,381		65,877
Consumer		48,917		48,552
Total other loans		110,298		114,429
Total loans, gross		805,200		790,403
Less allowance for loan losses		10,268		10,393
Total loans, net	$	794,932	$	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 March 31, 2022:
Allowance for loan losses:
Beginning Balance	$	2,335		$	525		$	6,253		$	904		$	376		$	10,393
Charge-offs		—			(15	)		—			—			(83	)		(98	)
Recoveries		—			—			47			—			6			53
Provision		(25	)		(25	)		144			(253	)		79			(80	)
Ending Balance	$	2,310		$	485		$	6,444		$	651		$	378		$	10,268

At March 31, 2022:
Ending ALL balance attributable to loans:
Individually evaluated for impairment	$	7		$	—		$	118		$	3		$	—		$	128
Acquired loans collectively evaluated for impairment		—			—			—			—			—			—
Originated loans collectively evaluated for impairment		2,303			485			6,326			648			378			10,140
Total	$	2,310		$	485		$	6,444		$	651		$	378		$	10,268
Total loans:
Individually evaluated for impairment	$	287		$	4		$	2,601		$	89		$	—		$	2,981
Acquired loans collectively evaluated for impairment		27,156			6,203			20,108			2,077			523			56,067
Originated loans collectively evaluated for impairment		246,281			67,524			324,738			59,215			48,394			746,152
Total	$	273,724		$	73,731		$	347,447		$	61,381		$	48,917		$	805,200

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 March 31, 2021:
Allowance for loan losses:
Beginning Balance	$	2,774		$	620		$	5,180		$	677		$	329		$	9,580
Charge-offs		—			—			(94	)		—			(90	)		(184	)
Recoveries		—			8			—			—			6			14
Provision		(114	)		(43	)		386			(65	)		111			275
Ending Balance	$	2,660		$	585		$	5,472		$	612		$	356		$	9,685

Impaired Financing Receivables [Table Text Block]

(Dollar amounts in thousands)
	Impaired Loans with Specific Allowance
	As of March 31, 2022						For the three months ended March 31, 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	$	68	$	68	$	7	$	68	$	—	$	—
Home equity and lines of credit		—		—		—		—		—		—
Commercial real estate		443		443		118		501		6		6
Commercial business		3		3		3		126		—		—
Consumer		—		—		—		—		—		—
Total	$	514	$	514	$	128	$	695	$	6	$	6

	Impaired Loans with No Specific Allowance
	As of March 31, 2022				For the three months ended March 31, 2022
	Unpaid Principal Balance		Recorded Investment		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	330	$	219	$	223	$	1	$	1
Home equity and lines of credit		4		4		4		—		—
Commercial real estate		2,158		2,158		1,412		31		9
Commercial business		86		86		99		4		4
Consumer		—		—		—		—		—
Total	$	2,578	$	2,467	$	1,738	$	36	$	14

(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 March 31, 2021						For the three months ended March 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	$	69	$	69	$	1	$	35	$	1	$	1
Home equity and lines of credit		—		—		—		—		—		—
Commercial real estate		373		373		33		376		4		4
Commercial business		64		64		6		71		1		1
Consumer		—		—		—		—		—		—
Total	$	506	$	506	$	40	$	482	$	6	$	6

	Impaired Loans with No Specific Allowance
	As of March 31, 2021				For the three months ended March 31, 2021
	Unpaid Principal Balance		Recorded Investment		Average Recorded Investment		Interest Income Recognized in Period		Cash Basis Interest Recognized in Period
Residential first mortgages	$	363	$	251	$	290	$	1	$	1
Home equity and lines of credit		4		4		4		—		—
Commercial real estate		1,110		1,094		1,177		12		12
Commercial business		65		65		65		1		1
Consumer		—		—		—		—		—
Total	$	1,542	$	1,414	$	1,536	$	14	$	14

Financing Receivable Credit Quality Indicators [Table Text Block]

(Dollar amounts in thousands)
	Not Rated		Pass		Special Mention		Substandard		Doubtful		Total
March 31, 2022:
Residential first mortgages	$	272,544	$	—	$	—	$	1,180	$	—	$	273,724
Home equity and lines of credit		73,534		—		—		197		—		73,731
Commercial real estate		—		317,367		7,459		22,621		—		347,447
Commercial business		—		55,593		1,308		4,480		—		61,381
Consumer		48,907		—		—		10		—		48,917
Total loans	$	394,985	$	372,960	$	8,767	$	28,488	$	—	$	805,200

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
March 31, 2022:
Residential first mortgages	$	270,100	$	2,190	$	254	$	450	$	730	$	273,724
Home equity and lines of credit		73,030		299		206		74		122		73,731
Commercial real estate		344,447		358		41		—		2,601		347,447
Commercial business		61,030		56		—		206		89		61,381
Consumer		48,738		158		10		—		11		48,917
Total loans	$	797,345	$	3,061	$	511	$	730	$	3,553	$	805,200

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
March 31, 2022:
Residential first mortgages	$	190	$	68	$	—	$	472	$	730
Home equity and lines of credit		4		—		—		118		122
Commercial real estate		2,420		9		6		166		2,601
Commercial business		89		—		—		—		89
Consumer		—		—		—		11		11
Total loans	$	2,703	$	77	$	6	$	767	$	3,553

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

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