v3.25.2
Note 4 - Loans and the Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

June 30,

  

December 31,

 
  

2025

  

2024

 
         

Commercial

 $81,118  $77,444 

Agricultural

  113,850   118,866 

Real estate – residential

  11,053   11,539 

Real estate – commercial

  673,129   646,378 

Real estate – construction and land development

  40,798   53,503 

Equity lines of credit (Equity LOC)

  41,620   37,888 

Auto

  51,487   64,734 

Other

  4,791   5,072 

Total loans

  1,017,846   1,015,424 

Deferred loan costs, net

  3,236   3,147 

Loans, amortized cost basis

  1,021,082   1,018,571 

Allowance for credit losses

  (14,209)  (13,196)

Total net loans

 $1,006,873  $1,005,375 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Amortized Cost Basis by Origination Year and Risk Grades - As of June 30, 2025

             

(in thousands)

 

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Revolving Loans Book Amortized Cost Basis

  

Revolving Loans Converted to Term Amortized Cost Basis

  

Total - Amortized Cost Basis

 

Commercial

                                    

Pass

 $8,058  $18,859  $10,454  $10,807  $7,203  $6,370   18,000  $-  $79,751 

Special Mention

  -   -   -   -   255   709   442   -   1,406 

Substandard

  4   -   235   81   200   222   -   -   742 

Total Commercial loans

 $8,062  $18,859  $10,689  $10,888  $7,658  $7,301  $18,442  $-  $81,899 

Current period gross charge-offs

 $-  $114  $-  $51  $-  $-  $-  $-  $165 
                                     

Agricultural

                                    

Pass

 $3,147  $5,723  $7,786  $7,654  $10,568  $36,514  $8,001  $-  $79,393 

Special Mention

  787   146   586   7,197   809   6,622   4,005   -   20,152 

Substandard

  424   -   2,710   4,490   3,112   988   2,839   -   14,563 

Total Agricultural

 $4,358  $5,869  $11,082  $19,341  $14,489  $44,124  $14,845  $-  $114,108 

Current period gross charge-offs

 $-  $-  $11  $-  $-  $-  $-  $-  $11 
                                     

Real Estate - Residential

                                    

Pass

 $581  $380  $1,093  $-  $1,979  $6,654  $-  $-  $10,687 

Special Mention

  -   -   -   -   -   150   -   -   150 

Substandard

  -   -   -   -   -   243   -   -   243 

Total Real Estate - Residential

 $581  $380  $1,093  $-  $1,979  $7,047  $-  $-  $11,080 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Real Estate -Commercial

                                    

Pass

 $42,192  $93,122  $100,912  $137,952  $78,176  $209,758  $3,350  $-  $665,462 

Special Mention

  -   -   -   -   -   3,046   -   -   3,046 

Substandard

  -   -   -   386   -   4,914   -   -   5,300 

Total Real Estate -Commercial

 $42,192  $93,122  $100,912  $138,338  $78,176  $217,718  $3,350  $-  $673,808 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Real Estate -Construction

                                    

Pass

 $1,236  $22,346  $5,483  $2,128  $3,802  $1,450  $-  $-  $36,445 

Special Mention

  -   -   4,148   -   -   -   -   -   4,148 

Substandard

  -   106   -   -   -   -   -   -   106 

Total Real Estate -Construction

 $1,236  $22,452  $9,631  $2,128  $3,802  $1,450  $-  $-  $40,699 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Equity LOC

                                    

Pass

 $-  $-  $-  $-  $-  $-  $38,784  $2,653  $41,437 

Substandard

  -   -   -   -   -   -   976   113   1,089 

Total Equity LOC

 $-  $-  $-  $-  $-  $-  $39,760  $2,766  $42,526 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Total

                                    

Pass

 $55,214  $140,430  $125,728  $158,541  $101,728  $260,746  $68,135  $2,653  $913,175 

Special Mention

  787   146   4,734   7,197   1,064   10,527   4,447   -   28,902 

Substandard

  428   106   2,945   4,957   3,312   6,367   3,815   113   22,043 

Total

 $56,429  $140,682  $133,407  $170,695  $106,104  $277,640  $76,397  $2,766  $964,120 

Current period gross charge-offs

 $-  $114  $11  $51  $-  $-  $-  $-  $176 
                                     

Auto

                                    

Performing

 $-  $-  $19,388  $18,356  $7,888  $5,680  $-  $-  $51,312 

Non-performing

  -   -   192   236   222   140   -   -   790 

Total Auto

 $-  $-  $19,580  $18,592  $8,110  $5,820  $-  $-  $52,102 

Current period gross charge-offs

 $-  $-  $35  $133  $16  $67  $-  $-  $251 
                                     

Other

                                    

Performing

 $1,347  $1,514  $1,004  $586  $204  $44  $154  $-  $4,853 

Non-performing

  -   4   -   -   2   1   -   -   7 

Total Other

 $1,347  $1,518  $1,004  $586  $206  $45  $154  $-  $4,860 

Current period gross charge-offs

 $-  $16  $40  $17  $2  $4  $-  $-  $79 
                                     

Total

                                    

Performing

 $1,347  $1,514  $20,392  $18,942  $8,092  $5,724  $154  $-  $56,165 

Non-performing

  -   4   192   236   224   141   -   -   797 

Total

 $1,347  $1,518  $20,584  $19,178  $8,316  $5,865  $154  $-  $56,962 

Total Loans

 $57,776  $142,200  $153,991  $189,873  $114,420  $283,505  $76,551  $2,766  $1,021,082 

Total gross charge-offs

 $-  $130  $86  $201  $18  $71  $-  $-  $506 
                                     
  

Term Loans

             
  

Amortized Cost Basis by Origination Year and Risk Grades - As of December 31, 2024

             

(in thousands)

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving Loans Book Balance Basis

  

Revolving loans converted to term Book Balance Basis

  

Total

 

Commercial

                                    

Pass

 $19,885  $12,642  $12,042  $8,405  $1,658  $6,886  $13,232  $-  $74,750 

Special Mention

  -   -   157   444   -   36   513   -   1,150 

Substandard

  61   244   1,050   365   469   30   75   -   2,294 

Total Commercial loans

 $19,946  $12,886  $13,249  $9,214  $2,127  $6,952  $13,820  $-  $78,194 

Current period gross charge-offs

 $-  $86  $43  $-  $-  $22  $151  $-  $302 
                                     

Agricultural

                                    

Pass

 $6,421  $9,331  $14,290  $11,389  $14,252  $28,075  $13,356  $-  $97,114 

Special Mention

  518   53   1,159   358   1,307   1,639   534   -   5,568 

Substandard

  -   2,710   4,606   3,252   78   1,281   4,501   -   16,428 

Total Agricultural

 $6,939  $12,094  $20,055  $14,999  $15,637  $30,995  $18,391  $-  $119,110 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Real Estate - Residential

                                    

Pass

 $632  $1,105  $-  $2,064  $2,355  $4,639  $520  $-  $11,315 

Substandard

  -   -   -   -   -   253   -   -   253 

Total Real Estate - Residential

 $632  $1,105  $-  $2,064  $2,355  $4,892  $520   -  $11,568 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Real Estate -Commercial

                                    

Pass

 $90,579  $92,735  $137,607  $82,627  $73,405  $154,466  $7,142  $-  $638,561 

Special Mention

  -   -   171   -   -   4,460   450   -   5,081 

Substandard

  -   -   628   -   921   1,760   -   -   3,309 

Total Real Estate -Commercial

 $90,579  $92,735  $138,406  $82,627  $74,326  $160,686  $7,592  $-  $646,951 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Real Estate -Construction

                                    

Pass

 $21,110  $15,244  $11,054  $3,767  $947  $843  $-  $-  $52,965 

Special Mention

  -   -   210   -   -   -   -   -   210 

Substandard

  110   -   -   -   -   -   -   -   110 

Total Real Estate -Construction

 $21,220  $15,244  $11,264  $3,767  $947  $843  $-  $-  $53,285 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Equity LOC

                                    

Pass

 $-  $-  $-  $-  $-     $34,622  $3,483  $38,105 

Substandard

  -   -   -   -   -      371   279   650 

Total Equity LOC

 $-  $-  $-  $-  $-  $-  $34,993  $3,762  $38,755 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $-  $- 
                                     

Total

                                    

Pass

 $138,627  $131,057  $174,993  $108,252  $92,617  $194,909  $68,872  $3,483  $912,810 

Special Mention

  518   53   1,697   802   1,307   6,135   1,497   -   12,009 

Substandard

  171   2,954   6,284   3,617   1,468   3,324   4,947   279   23,044 

Total

 $139,316  $134,064  $182,974  $112,671  $95,392  $204,368  $75,316  $3,762  $947,863 

Current period gross charge-offs

 $-  $86  $43  $-  $-  $22  $151  $-  $302 
                                     

Auto

                                    

Performing

 $-  $23,163  $22,361  $10,426  $4,779  $4,063  $-  $-  $64,792 

Non-performing

  -   147   241   187   129   88   -   -   792 

Total Auto

 $-  $23,310  $22,602  $10,613  $4,908  $4,151  $-  $-  $65,584 

Current period gross charge-offs

 $-  $389  $598  $262  $171  $223  $-  $-  $1,643 
                                     

Other

                                    

Performing

 $2,433  $1,245  $799  $318  $88  $5  $157  $-  $5,045 

Non-performing

  -   48   24   3   2   -   2   -   79 

Total Other

 $2,433  $1,293  $823  $321  $90  $5  $159  $-  $5,124 

Current period gross charge-offs

 $-  $9  $35  $31  $6  $12  $1  $-  $94 
                                     

Total

                                    

Performing

 $2,433  $24,408  $23,160  $10,744  $4,867  $4,068  $157  $-  $69,837 

Non-performing

  -   195   265   190   131   88   2   -   871 

Total

 $2,433  $24,603  $23,425  $10,934  $4,998  $4,156  $159  $-  $70,708 

Total Loans

 $141,749  $158,667  $206,399  $123,605  $100,390  $208,524  $75,475  $3,762  $1,018,571 

Total gross charge-offs

 $-  $484  $676  $293  $177  $257  $152  $-  $2,039 
Financing Receivable, Balance of Nonaccrual Loans by Loan Category [Table Text Block]
  

Non-Performing Loans

 
  

June 30, 2025

  

December 31, 2024

 

(in thousands)

 

Nonaccrual with no allowance for credit losses

  

Total nonaccrual

  

Past due 90 days or more and still accruing

  

Nonaccrual with no allowance for credit losses

  

Total nonaccrual

  

Past due 90 days or more and still accruing

 
                         

Commercial

 $301  $353  $-  $302  $355  $- 

Agricultural

  6,914   9,905   -   567   567   - 

Real estate – residential

  227   227   -   83   83   - 

Real estate – commercial

  1,281   1,281   -   1,579   1,579   - 

Real estate – construction & land development

  -   -   -   -   -   - 

Equity lines of credit

  1,089   1,089   -   650   650   - 

Auto

  790   790   -   792   792   - 

Other

  7   7   -   77   79   - 

Total Gross Loans

 $10,609  $13,652  $-  $4,050  $4,105  $- 
  

June 30, 2025

  

December 31, 2024

 

(dollars in thousands)

 

Number of loans

  Amortized Cost  

Allowance

  

Number of loans

  Amortized Cost  

Allowance

 

Commercial

  1  $52  $28   1  $55  $29 

Agricultural

  4   2,991   931   -   -   - 

Total

  5  $3,043  $959   1  $55  $29 
Financing Receivable, Reversal of Accrued Interest Income [Table Text Block]

Three months ended:

        
         
(in thousands) June 30, 2025  June 30, 2024 

Commercial

 $6  $- 
Agricultural  339   - 
Real estate – residential  1   - 
Real estate – commercial  4   - 
Equity lines of credit  10   - 
Auto  4   7 

Other

  -   - 

Total

 $364  $7 
         

Six months ended:

        
         
(in thousands) June 30, 2025  June 30, 2024 

Commercial

 $10  $4 
Agricultural  340   - 
Real estate – residential  1   9 
Real estate – commercial  4   14 
Equity lines of credit  15   10 
Auto  7   9 

Other

  1   - 

Total

 $378  $46 
Financing Receivable, Modified [Table Text Block]
  

Term Extension

 

(in thousands)

 

Amortized Cost Basis

  

Total Class of Financing Receivable

 

Agricultural

 7,186  6.30%

Real estate – commercial

 772  0.11%

Total

 $7,958  0.78%
  

Term Extension

 

(in thousands)

 

Amortized Cost Basis

  

Total Class of Financing Receivable

 

Commercial

 

34

  

0.04%

 
Financing Receivable, Modified, Financial Effect [Table Text Block]
  

Weighted-Average Term Extension (in months)

 

Agricultural

  5.3 

Real estate – commercial

  3.0 

Total

  5.1 
  

Weighted-Average Term Extension (in months)

 

Commercial

  6.0 
     
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]

Six Months Ended June 30, 2025:

 

Commercial

  

Agricultural

  

Real Estate-Residential

  

Real Estate-Commercial

  

Real Estate-Construction

  

Equity LOC

  

Auto

  

Other

  

Total

 

Allowance for credit losses

                                    

Beginning balance

 $1,265  $1,802  $102  $7,459  $815  $460  $1,215  $78  $13,196 

Charge-offs

  (165)  (11)  -   -   -   -   (251)  (79)  (506)

Recoveries

  10   -   2   -   -   -   349   8   369 

Provision for (recovery of) credit losses

  287   866   6   283   (121)  102   (358)  85   1,150 

Ending balance

 $1,397  $2,657  $110  $7,742  $694  $562  $955  $92  $14,209 
                                     

Three Months Ended June 30, 2025:

                                    

Allowance for credit losses

                                    

Beginning balance

 $1,286  $1,765  $111  $7,635  $792  $553  $1,083  $94  $13,319 

Charge-offs

  -   (11)  -   -   -   -   (131)  (52)  (194)

Recoveries

  6   -   1   -   -   -   172   5   184 

Provision for (recovery of) credit losses

  105   903   (2)  107   (98)  9   (169)  45   900 

Ending balance

 $1,397  $2,657  $110  $7,742  $694  $562  $955  $92  $14,209 
                                     

Six Months Ended June 30, 2024:

                                    

Allowance for credit losses

                                    

Beginning balance

 $1,134  $1,738  $137  $6,678  $797  $439  $1,865  $79  $12,867 

Charge-offs

  (65)  -   -   -   -   -   (896)  (49)  (1,010)

Recoveries

  15   -   2   -   -   -   376   7   400 

Provision for (recovery of) credit losses

  342   42   (18)  903   176   19   309   52   1,825 

Ending balance

 $1,426  $1,780  $121  $7,581  $973  $458  $1,654  $89  $14,082 
                                     

Three Months Ended June 30, 2024:

                                    

Allowance for credit losses

                                    

Beginning balance

 $1,311  $1,652  $134  $6,917  $918  $437  $1,700  $88  $13,157 

Charge-offs

  (22)  -   -   -   -   -   (263)  (45)  (330)

Recoveries

  6   -   1   -   -   -   319   4   330 

Provision for (recovery of) credit losses

  131   128   (14)  664   55   21   (102)  42   925 

Ending balance

 $1,426  $1,780  $121  $7,581  $973  $458  $1,654  $89  $14,082 
Off-Balance-Sheet, Credit Loss, Liability [Tabular Text Block]

Three months ended:

        
         
(in thousands) June 30, 2025  June 30, 2024 
Beginning balance $620  $720 

Recovery of provision for credit losses

  (40)  - 

Ending balance

 $580  $720 

Six months ended:

        
         
(in thousands) June 30, 2025  June 30, 2024 
Beginning balance $620  $799 

Recovery of provision for credit losses

  (40)  (79)

Ending balance

 $580  $720 
Financing Receivable, Past Due [Table Text Block]
                  

Total

         

June 30, 2025

         

90 Days

      

Past Due

         
  30-59 Days  60-89 Days  and Still      and         
  

Past Due

  

Past Due

  

Accruing

  

Nonaccrual

  

Nonaccrual

  

Current

  

Total

 
                             

Commercial

 $903  $444  $-  $353  $1,700  $80,199  $81,899 

Agricultural

  170   2,581   -   9,905   12,656   101,452   114,108 

Real estate – residential

  -   34   -   227   261   10,819   11,080 

Real estate – commercial

  2,042   965   -   1,281   4,288   669,520   673,808 

Real estate - construction & land

  534      -   -   534   40,165   40,699 

Equity Lines of Credit

  592   235   -   1,089   1,916   40,610   42,526 

Auto

  1,237   292   -   790   2,319   49,783   52,102 

Other

  68   6   -   7   81   4,779   4,860 

Total

 $5,546  $4,557  $-  $13,652  $23,755  $997,327  $1,021,082 
                  

Total

         

December 31, 2024

         

90 Days

      

Past Due

         
  30-59 Days  60-89 Days  and Still      and         
  

Past Due

  

Past Due

  

Accruing

  

Nonaccrual

  

Nonaccrual

  

Current

  

Total

 
                             

Commercial

 $1,074  $533  $-  $355  $1,962  $76,232  $78,194 

Agricultural

  273   -   -   567   840   118,270   119,110 

Real estate – residential

  348   319   -   83   750   10,818   11,568 

Real estate - commercial

  1,954   82   -   1,579   3,615   643,336   646,951 

Real estate - construction & land

  2,133   -   -   -   2,133   51,152   53,285 

Equity Lines of Credit

  1,416   189   -   650   2,255   36,500   38,755 

Auto

  1,251   242   -   792   2,285   63,299   65,584 

Other

  72   7   -   79   158   4,966   5,124 

Total

 $8,521  $1,372  $-  $4,105  $13,998  $1,004,573  $1,018,571 
Financing Receivable, Collateral Dependent Loans [Table Text Block]
               Commercial -1st   SFR-1st   SFR-2nd   SFR-3rd     
  

Equipment

  

Crops

  

Farmland

  

Deed

  

Deed

  

Deed

  

Deed

  

Total

 
                                 

Commercial

 $11  $-  $-  $-  $-  $-  $-  $11 

Agricultural

  -   4,953   2,307   2,242   336   -   -   9,838 

Real estate – residential

  -   -   -   -   151   -   -   151 

Real estate – commercial

  -   -   -   770   407   150   43   1,370 

Equity Lines of Credit

  -   -   -   -      418   -   418 

Total

 $11  $4,953  $2,307  $3,012  $894  $568  $43  $11,788 
          

Commercial -1st

  

SFR-1st

  

SFR-2nd

  

SFR-3rd

     
  

Equipment

  

Crops

  

Deed

  

Deed

  

Deed

  

Deed

  

Total

 
                             

Commercial

 $245  $-  $-  $-  $-  $-  $245 

Agricultural

  -   535   -   -   -   -   535 

Real estate – residential

  -   -   -   -   -   -   - 

Real estate – commercial

  -   -   739   53   652   50   1,494 

Real estate - construction & land

  -   -   -   -   -   -   - 

Equity Lines of Credit

  -   -   -      173   -   173 

Total

 $245  $535  $739  $53  $825  $50  $2,447