v3.26.1
Note 5 - Loans and the Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

December 31,

 
  

2025

  

2024

 

Commercial

 $167,851,000  $77,444,000 

Agricultural

  157,526,000   118,866,000 

Real estate – residential

  33,116,000   11,539,000 

Real estate – commercial

  1,002,627,000   646,378,000 

Real estate – construction & land development

  40,168,000   53,503,000 

Equity lines of credit (Equity LOC)

  53,647,000   37,888,000 

Auto

  39,595,000   64,734,000 

Other

  17,526,000   5,072,000 

Subtotal

  1,512,056,000   1,015,424,000 

Deferred loan costs, net

  3,737,000   3,147,000 

Loans, amortized cost basis

  1,515,793,000   1,018,571,000 

Allowance for credit losses

  (19,959,000)  (13,196,000)

Loans, net

 $1,495,834,000  $1,005,375,000 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

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

 $23,877  $30,424  $22,262  $25,867  $11,871  $13,150  $39,108  $-  $166,559 

Special Mention

  -   -   -   -   65   -   473   -   538 

Substandard

  2   -   225   85   754   339   194   -   1,599 

Total Commercial loans

 $23,879  $30,424  $22,487  $25,952  $12,690  $13,489  $39,775  $-  $168,696 

Current period gross charge-offs

 $-  $114  $-  $51  $-  $-  $190  $-  $355 
                                     

Agricultural

                                    

Pass

 $9,045  $6,893  $15,988  $11,829  $13,875  $35,349  $32,117  $-  $125,096 

Special Mention

  285   -   419   1,036   806   4,867   3,365   -   10,778 

Substandard

  1,165   231   4,246   11,236   2,978   1,323   715   -   21,894 

Total Agricultural

 $10,495  $7,124  $20,653  $24,101  $17,659  $41,539  $36,197  $-  $157,768 

Current period gross charge-offs

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

Real Estate - Residential

                                    

Pass

 $2,634  $4,189  $1,810  $9,315  $5,825  $8,980  $11  $-  $32,764 

Special Mention

  -   -   -   -   -   149         149 

Substandard

  -   -   -   -   -   229   -   -   229 

Total Real Estate - Residential

 $2,634  $4,189  $1,810  $9,315  $5,825  $9,358  $11  $-  $33,142 

Current period gross charge-offs

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

Real Estate - Commercial

                                    

Pass

 $126,156  $116,542  $128,720  $166,246  $136,927  $309,406  $6,368  $-  $990,365 

Special Mention

  1,183   -   -   238   941   1,756   -   -   4,118 

Substandard

  -   -   -   368   409   8,684   -   -   9,461 

Total Real Estate - Commercial

 $127,339  $116,542  $128,720  $166,852  $138,277  $319,846  $6,368  $-  $1,003,944 

Current period gross charge-offs

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

Real Estate - Construction

                                    

Pass

 $9,175  $12,674  $6,240  $3,516  $1,627  $1,069  $1,325  $-  $35,626 

Special Mention

  -   -   4,396   -   -   -   -   -   4,396 

Total Real Estate - Construction

 $9,175  $12,674  $10,636  $3,516  $1,627  $1,069  $1,325  $-  $40,022 

Current period gross charge-offs

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

Equity LOC

                                    

Pass

 $-  $-  $-  $-  $-     $51,149  $2,365  $53,514 

Special Mention

  -   -   -   -   -   -   -   93   93 

Substandard

  -   -   -   -   -      887   100   987 

Total Equity LOC

 $-  $-  $-  $-  $-  $-  $52,036  $2,558  $54,594 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $66  $-  $66 
                                     

Total

                                    

Pass

 $170,887  $170,722  $175,020  $216,773  $170,125  $367,954  $130,078  $2,365  $1,403,924 

Special Mention

  1,468   -   4,815   1,274   1,812   6,772   3,838   93   20,072 

Substandard

  1,167   231   4,471   11,689   4,141   10,575   1,796   100   34,170 

Total

 $173,522  $170,953  $184,306  $229,736  $176,078  $385,301  $135,712  $2,558  $1,458,166 

Current period gross charge-offs

 $-  $114  $11  $51  $-  $-  $256  $-  $432 
                                     

Auto

                                    

Performing

 $-  $-  $15,923  $14,577  $5,613  $3,161  $-  $-  $39,274 

Non-performing

  -   -   191   159   233   163   -   -   746 

Total Auto

 $-  $-  $16,114  $14,736  $5,846  $3,324  $-  $-  $40,020 

Current period gross charge-offs

 $-  $-  $107  $219  $41  $161  $-  $-  $528 
                                     

Other

                                    

Performing

 $5,854  $6,203  $1,981  $2,962  $122  $24  $440  $-  $17,586 

Non-performing

  -   21   -   -   -   -   -   -   21 

Total Other

 $5,854  $6,224  $1,981  $2,962  $122  $24  $440  $-  $17,607 

Current period gross charge-offs

 $-  $39  $46  $41  $2  $7  $-  $-  $135 
                                     

Total

                                    

Performing

 $5,854  $6,203  $17,904  $17,539  $5,735  $3,185  $440  $-  $56,860 

Non-performing

  -   21   191   159   233   163   -   -   767 

Total

 $5,854  $6,224  $18,095  $17,698  $5,968  $3,348  $440  $-  $57,627 

Total Loans

 $179,376  $177,177  $202,401  $247,434  $182,046  $388,649  $136,152  $2,558  $1,515,793 

Total gross charge-offs

 $-  $153  $164  $311  $43  $168  $256  $-  $1,095 
  

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 Amortized Cost Basis

  

Revolving Loans Converted to Term Amortized Cost Basis

  

Total - Amortized Cost Basis

 

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

 
  

December 31, 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

 $458  $611  $-  $302  $355  $- 

Agricultural

  7,157   10,509   -   567   567   - 

Real estate – residential

  215   215   -   83   83   - 

Real estate – commercial

  2,000   2,000   -   1,579   1,579   - 

Real estate – construction & land development

  -   -   -   -   -   - 

Equity lines of credit

  988   988   -   650   650   - 

Auto

  745   745   -   792   792   - 

Other

  21   21   -   77   79   - 

Total Gross Loans

 $11,584  $15,089  $-  $4,050  $4,105  $- 
Financing Receivable, Reversal of Accrued Interest Income [Table Text Block]
  December 31, 2025  December 31, 2024  December 31, 2023 
Commercial $36,000  $15,000  $7,000 
Agricultural  381,000   29,000   153,000 
Real estate - residential  1,000   9,000   - 
Real estate - commercial  10,000   52,000   38,000 
Equity Lines of Credit  18,000   14,000   6,000 
Auto  16,000   26,000   40,000 
Other  3,000   2,000   2,000 
Total $465,000  $147,000  $246,000 
Financing Receivable, Collateral Dependent Loans [Table Text Block]
                  

Commercial -1st

  

SFR-1st

  

SFR-2nd

  

SFR-3rd

     
  

Equipment

  

Crops

  

Livestock

  

Farmland

  

Deed

  

Deed

  

Deed

  

Deed

  

Total

 
                                     

Commercial

 $111  $-  $-  $-  $-  $161  $-  $-  $272 

Agricultural

  -   4,873   225   2,749   2,241   311   -   -   10,399 

Real estate – residential

  -   -   -   -   -   145   -   -   145 

Real estate – commercial

  -   -   -   -   1,399   245   112   37   1,793 

Equity Lines of Credit

  -   -   -   -   -   -   398   -   398 

Total

 $111  $4,873  $225  $2,749  $3,640  $862  $510  $37  $13,007 
          

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 
Financing Receivable, Modified [Table Text Block]
  

Term Extension

 

(in thousands)

 

Amortized Cost Basis

  

Total Class of Financing Receivable

 

Commercial

 $844   0.08%

Agricultural

  6,371   4.04%

Total

 $7,215   0.48%
  

Term Extension

 

(in thousands)

 

Amortized Cost Basis

  

Total Class of Financing Receivable

 

Commercial

 $982   1.26%

Agricultural

  10,017   8.41%

Total

 $10,999   1.08%
  

Term Extension

 

(in thousands)

 

Amortized Cost Basis

  

Total Class of Financing Receivable

 

Commercial

 $1,531   2.04%

Agricultural

  5,715   4.41%

Total

 $7,246   0.75%
Financing Receivable, Modified, Financial Effect [Table Text Block]
  

Weighted-Average Term Extension (in months)

 

Commercial

  4.8 

Agricultural

  5.6 

Total

  5.5 
  

Weighted-Average Term Extension (in months)

 

Commercial

  58.3 

Agricultural

  6.1 

Total

  10.7 
  

Weighted-Average Term Extension (in months)

 

Commercial

  6 

Agricultural

  9 

Total

  8.4 
Financing Receivable, Past Due [Table Text Block]
                  

Total

         

December 31, 2025

         

90 Days

      

Past Due

         
  

30-59 Days

  

60-89 Days

  

and Still

      

and

         
  

Past Due

  

Past Due

  

Accruing

  

Nonaccrual

  

Nonaccrual

  

Current

  

Total

 
                             

Commercial

 $2,809  $572  $-  $611  $3,992  $164,704  $168,696 

Agricultural

  395   -   -   10,509   10,904   146,864   157,768 

Real estate – residential

  15   -   -   215   230   32,912   33,142 

Real estate – commercial

  1,160   -   -   2,000   3,160   1,000,784   1,003,944 

Real estate - construction & land

  1,466   -   -   -   1,466   38,556   40,022 

Equity Lines of Credit

  835   191   -   988   2,014   52,580   54,594 

Auto

  943   159   -   745   1,847   38,173   40,020 

Other

  45   1   -   21   67   17,540   17,607 

Total

 $7,668  $923  $-  $15,089  $23,680  $1,492,113  $1,515,793 
                  

Total

         

December 31, 2024

         

90 Days

      

Past Due

         
  

30-89 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, Current, Allowance for Credit Loss [Table Text Block]
   Commercial   Agricultural   Real Estate Residential   Real Estate Commercial   Real Estate Construction   Equity LOC   Auto   Other   Total 

Year ended 12/31/25:

                                    

Allowance for credit losses

                                    

Beginning balance

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

Charge-offs

  (355)  (11)  -   -   -   (66)  (528)  (135)  (1,095)

Recoveries

  38   -   49   7   -   -   544   15   653 

Initial allowance on acquired PCD loans

  58   31   -   226   -   -   -   -   315 

Provision

  2,240   2,151   107   2,913   (301)  108   (640)  312   6,890 

Ending balance

 $3,246  $3,973  $258  $10,605  $514  $502  $591  $270  $19,959 
                                     

Year ended 12/31/24:

                                    

Allowance for credit losses

                                    

Beginning balance

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

Charge-offs

  (302)  -   -   -   -   -   (1,643)  (94)  (2,039)

Recoveries

  25   -   4   1   -   -   928   35   993 

Provision

  408   64   (39)  780   18   21   65   58   1,375 

Ending balance

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

Year ended 12/31/23:

                                    

Allowance for credit losses

                                    

Beginning balance

 $892  $1,086  $138  $4,980  $1,500  $687  $1,289  $145  $10,717 

Impact of CECL Adoption

 $354  $148  $2  $1,488  $(951) $(421) $9  $(100) $529 

Charge-offs

  (123)  -   -   -   -   -   (1,550)  (129)  (1,802)

Recoveries

  44   -   3   1   -   -   746   54   848 

Provision

  (33)  504   (6)  209   248   173   1,371   109   2,575 

Ending balance

 $1,134  $1,738  $137  $6,678  $797  $439  $1,865  $79  $12,867 
                                     
Off-Balance-Sheet, Credit Loss, Liability [Table Text Block]

Twelve months ended:

 

December 31, 2025

  December 31,2024 

Beginning balance

 

$

620  

$

799

 
Provision on acquired loans  351   - 

Recovery of provision for credit losses

  (391)  (179)

Ending balance

 $580  $620