v3.26.1
Note 4 - Loans Receivable and Allowance for Credit Losses (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

March 31, 2026

  

December 31, 2025

 
  

(Dollars in thousands)

 

Commercial and Industrial

 $39,817  $38,672 

Construction

  217,805   212,307 

Real Estate Mortgage:

        

Commercial – Owner Occupied

  184,691   182,529 

Commercial – Non-owner Occupied

  476,983   478,295 

Residential – 1 to 4 Family

  430,464   451,463 

Residential – 1 to 4 Family Investment

  479,098   494,228 

Residential – Multifamily

  210,577   173,611 

Consumer

  3,861   4,122 

Total Loan receivable

  2,043,296   2,035,227 

Allowance for credit losses on loans

  (34,921)  (34,649)

Total loan receivable, net of allowance for credit losses on loans

 $2,008,375  $2,000,578 
Financing Receivable, Past Due [Table Text Block]
  

30-59

  

60-89

  

Greater

             
  

Days Past

  

Days Past

  

than 90

  

Total

      

Total

 

March 31, 2026

 

Due

  

Due

  

Days

  

Past Due

  

Current

  

Loans

 
  

(Dollars in Thousands)

 

Commercial and Industrial

 $  $  $680  $680  $39,137  $39,817 

Construction

        1,091   1,091   216,714   217,805 

Real Estate Mortgage:

                        

Commercial – Owner Occupied

        400   400   184,291   184,691 

Commercial – Non-owner Occupied

        3,163   3,163   473,820   476,983 

Residential – 1 to 4 Family

  1,989   242   2,494   4,725   425,739   430,464 

Residential – 1 to 4 Family Investment

  1,507   118   1,437   3,062   476,036   479,098 

Residential – Multifamily

              210,577   210,577 

Consumer

  24      141   165   3,696   3,861 

Total Loans

 $3,520  $360  $9,406  $13,286  $2,030,010  $2,043,296 
  

30-59

  

60-89

  

Greater

             
  

Days Past

  

Days Past

  

than 90

  

Total

      

Total

 

December 31, 2025

 

Due

  

Due

  

Days

  

Past Due

  

Current

  

Loans

 
  

(Dollars in thousands)

 

Commercial and Industrial

 $  $  $688  $688  $37,984  $38,672 

Construction

        1,091   1,091   211,216   212,307 

Real Estate Mortgage:

                        

Commercial – Owner Occupied

        400   400   182,129   182,529 

Commercial – Non-owner Occupied

     1,122   3,668   4,790   473,505   478,295 

Residential – 1 to 4 Family

     1,434   2,965   4,399   447,064   451,463 

Residential – 1 to 4 Family Investment

     896   1,840   2,736   491,492   494,228 

Residential – Multifamily

              173,611   173,611 

Consumer

     32   141   173   3,949   4,122 

Total Loans

 $  $3,484  $10,793  $14,277  $2,020,950  $2,035,227 
Financing Receivable, Nonaccrual [Table Text Block]
  

March 31, 2026

 
              

Loans Past Due

     
  

Nonaccrual

  

Nonaccrual

  

Total

  

Over 90 Days

  

Total

 

(amounts in thousands)

 

with no ACL

  

with ACL

  

Nonaccrual

  

Still Accruing

  

Nonperforming

 

Commercial and Industrial

 $  $680  $680  $  $680 

Construction

  1,091      1,091      1,091 

Commercial - Owner Occupied

  400      400      400 

Commercial - Non-owner Occupied

  243   2,920   3,163      3,163 

Residential - 1 to 4 Family

  2,296   198   2,494      2,494 

Residential - 1 to 4 Family Investment

  1,437      1,437      1,437 

Residential - Multifamily

               

Consumer

  141      141      141 

Total

 $5,608  $3,798  $9,406  $  $9,406 
  

December 31, 2025

 
              

Loans Past Due

     
  

Nonaccrual

  

Nonaccrual

  

Total

  

Over 90 Days

  

Total

 

(amounts in thousands)

 

with no ACL

  

with ACL

  

Nonaccrual

  

Still Accruing

  

Nonperforming

 

Commercial and Industrial

 $  $688  $688  $  $688 

Construction

  1,091      1,091      1,091 

Commercial - Owner Occupied

  400      400      400 

Commercial - Non-owner Occupied

  1,109   2,559   3,668      3,668 

Residential - 1 to 4 Family

  2,965      2,965      2,965 

Residential - 1 to 4 Family Investment

  1,840      1,840      1,840 

Residential - Multifamily

               

Consumer

  141      141      141 

Total

 $7,546  $3,247  $10,793  $  $10,793 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
          

Real Estate Mortgage

         
          

Commercial

  

Commercial

      

Residential

             
  

Commercial

      

Owner

  

Non-owner

  

Residential

  

1 to 4 Family

  

Residential

         
  

and Industrial

  

Construction

  

Occupied

  

Occupied

  

1 to 4 Family

  

Investment

  

Multifamily

  

Consumer

  

Total

 
  

(Dollars in thousands)

 

Three months ended March 31, 2026

                                    

December 31, 2025

 $1,008  $4,032  $2,239  $9,661  $8,205  $7,601  $1,845  $58  $34,649 

Charge-offs

                           

Recoveries

  2                        2 

Provisions (benefits)

  21   (137)  (25)  (436)  (274)  526   596   (2)  269 

Ending Balance at March 31, 2026

 $1,032  $3,895  $2,214  $9,225  $7,931  $8,127  $2,441  $56  $34,921 
          

Real Estate Mortgage

         
          

Commercial

  

Commercial

      

Residential

             
  

Commercial

      

Owner

  

Non-owner

  

Residential

  

1 to 4 Family

  

Residential

         
  

and Industrial

  

Construction

  

Occupied

  

Occupied

  

1 to 4 Family

  

Investment

  

Multifamily

  

Consumer

  

Total

 
  

(Dollars in thousands)

 

Three months ended March 31, 2025

                                    

December 31, 2024

 $1,097  $3,037  $1,871  $6,300  $9,166  $8,832  $2,203  $67  $32,573 

Charge-offs

                           

Recoveries

  1                        1 

Provisions (benefits)

  (50)  (762)  599   1,061   (352)  23   (1)  (1)  517 

Ending Balance at March 31, 2025

 $1,048  $2,275  $2,470  $7,361  $8,814  $8,855  $2,202  $66  $33,091 
Schedule of Collateral-dependent Loans [Table Text Block]
      

Business

     

(amounts in thousands)

 

Real Estate

  

Assets

  

Other

 

Commercial and Industrial

 $680  $  $ 

Construction

  1,091       

Commercial - Owner Occupied

  400       

Commercial - Non-owner Occupied

  3,163       

Residential - 1 to 4 Family

  2,494       

Residential - 1 to 4 Family Investment

  1,437       

Residential - Multifamily

         

Consumer

  141       

Total

 $9,406  $  $ 
      

Business

     

(amounts in thousands)

 

Real Estate

  

Assets

  

Other

 

Commercial and Industrial

 $688  $  $ 

Construction

  1,091       

Commercial - Owner Occupied

  400       

Commercial - Non-owner Occupied

  3,668       

Residential - 1 to 4 Family

  2,965       

Residential - 1 to 4 Family Investment

  1,840       

Residential - Multifamily

         

Consumer

  141       

Total

 $10,793  $  $ 
Financing Receivable Credit Quality Indicators [Table Text Block]
                          

Revolving

     
                          

Loans at

     

(Dollars in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

  

Amortized

     

As of March 31, 2026

 

2026

  

2025

  

2024

  

2023

  

2022

  

Prior

  

Cost Basis

  

Total

 

Commercial and Industrial

                                

Pass

 $226  $4,929  $751  $3,109  $299  $5,242  $24,581  $39,137 

OAEM

                        

Substandard

              403      277   680 

Doubtful

                        
  $226  $4,929  $751  $3,109  $702  $5,242  $24,858  $39,817 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Construction

                                

Pass

 $  $1,002  $324  $305  $988  $194  $213,901  $216,714 

OAEM

                        

Substandard

                 1,091      1,091 

Doubtful

                        
  $  $1,002  $324  $305  $988  $1,285  $213,901  $217,805 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Commercial – Owner Occupied

                                

Pass

 $6,655  $33,535  $23,157  $29,220  $33,828  $55,657  $2,239  $184,291 

OAEM

                        

Substandard

                 400      400 

Doubtful

                        
  $6,655  $33,535  $23,157  $29,220  $33,828  $56,057  $2,239  $184,691 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Commercial – Non-owner Occupied

                                

Pass

 $6,889  $108,733  $50,344  $13,113  $102,107  $174,973  $4,302  $460,461 

OAEM

                 2,159      2,159 

Substandard

              361   14,002      14,363 

Doubtful

                        
  $6,889  $108,733  $50,344  $13,113  $102,468  $191,134  $4,302  $476,983 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Residential – 1 to 4 Family

                                

Performing

 $10,225  $41,700  $42,313  $45,814  $93,114  $189,267  $5,537  $427,970 

Nonperforming

           786   731   977      2,494 
  $10,225  $41,700  $42,313  $46,600  $93,845  $190,244  $5,537  $430,464 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Residential – 1 to 4 Family Investment

                                

Performing

 $4,422  $37,623  $51,216  $67,270  $110,450  $206,680  $  $477,661 

Nonperforming

           1,108      329      1,437 
  $4,422  $37,623  $51,216  $68,378  $110,450  $207,009  $  $479,098 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Residential – Multifamily

                                

Pass

 $14,804  $42,698  $13,913  $4,786  $71,389  $62,987  $  $210,577 

OAEM

                        

Substandard

                        

Doubtful

                        
  $14,804  $42,698  $13,913  $4,786  $71,389  $62,987  $  $210,577 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Consumer

                                

Performing

 $  $  $221  $  $  $3,490  $9  $3,720 

Nonperforming

                 141      141 
  $  $  $221  $  $  $3,631  $9  $3,861 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Total Loan Receivable

 $43,221  $270,220  $182,239  $165,511  $413,670  $717,589  $250,846  $2,043,296 
                          

Revolving

     
                          

Loans at

     

(Dollars in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

  

Amortized

     

As of December 31, 2025

 

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Cost Basis

  

Total

 

Commercial and Industrial

                                

Pass

 $4,990  $879  $3,313  $305  $2  $5,778  $22,717  $37,984 

OAEM

                        

Substandard

           411         277   688 

Doubtful

                        
  $4,990  $879  $3,313  $716  $2  $5,778  $22,994  $38,672 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Construction

                                

Pass

 $1,001  $325  $307  $1,396  $  $193  $207,994  $211,216 

OAEM

                        

Substandard

                 1,091      1,091 

Doubtful

                        
  $1,001  $325  $307  $1,396  $  $1,284  $207,994  $212,307 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Commercial – Owner Occupied

                                

Pass

 $32,560  $23,259  $32,471  $34,016  $11,545  $46,025  $2,253  $182,129 

OAEM

                        

Substandard

                 400      400 

Doubtful

                        
  $32,560  $23,259  $32,471  $34,016  $11,545  $46,425  $2,253  $182,529 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Commercial – Non-owner Occupied

                                

Pass

 $109,092  $50,669  $14,659  $102,688  $29,279  $150,007  $4,794  $461,188 

OAEM

                 2,176      2,176 

Substandard

           370      14,561      14,931 

Doubtful

                        
  $109,092  $50,669  $14,659  $103,058  $29,279  $166,744  $4,794  $478,295 

Current period gross charge-offs

 $  $  $  $  $  $202  $  $202 
                                 

Residential – 1 to 4 Family

                                

Performing

 $59,089  $43,287  $47,018  $95,574  $49,503  $148,408  $5,619  $448,498 

Nonperforming

        841   733      1,391      2,965 
  $59,089  $43,287  $47,859  $96,307  $49,503  $149,799  $5,619  $451,463 

Current period gross charge-offs

 $  $  $47  $  $  $203  $  $250 
                                 

Residential – 1 to 4 Family Investment

                                

Performing

 $39,340  $52,575  $70,258  $114,208  $90,734  $125,273  $  $492,388 

Nonperforming

        985   525      330      1,840 
  $39,340  $52,575  $71,243  $114,733  $90,734  $125,603  $  $494,228 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Residential – Multifamily

                                

Pass

 $27,456  $13,952  $4,812  $63,789  $31,067  $32,535  $  $173,611 

OAEM

                        

Substandard

                        

Doubtful

                        
  $27,456  $13,952  $4,812  $63,789  $31,067  $32,535  $  $173,611 

Current period gross charge-offs

 $  $  $  $  $  $  $  $ 
                                 

Consumer

                                

Performing

 $  $226  $  $  $  $3,746  $9  $3,981 

Nonperforming

                 141      141 
  $  $226  $  $  $  $3,887  $9  $4,122 

Current period gross charge-offs

 $  $  $  $  $  $

  $  $ 
                                 

Total Loan Receivable

 $273,528  $185,172  $174,664  $414,015  $212,130  $532,055  $243,663  $2,035,227