v3.26.1
Note 4 - Loans and the Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

June 30,

  

December 31,

 

($ in thousands)

  2026   2025 
         

Commercial

 $162,128  $167,851 

Agricultural

  142,940   157,526 

Real estate – residential

  32,223   33,116 

Real estate – commercial

  1,026,049   1,002,627 

Real estate – construction and land development

  48,672   40,168 

Equity lines of credit (Equity LOC)

  54,993   53,647 

Auto

  29,616   39,595 

Other

  15,552   17,526 

Total loans

  1,512,173   1,512,056 

Deferred loan costs, net

  3,757   3,737 

Loans, amortized cost basis

  1,515,930   1,515,793 

Allowance for credit losses

  (19,740)  (19,959)

Total net loans

 $1,496,190  $1,495,834 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Amortized Cost Basis by Origination Year and Risk Grades As of June 30, 2026

             

($ in thousands)

 

2026

  

2025

  

2024

  

2023

  

2022

  

Prior

  

Revolving Loans Book Amortized Cost Basis

  

Revolving Loans Converted to Term Amortized Cost Basis

  

Total - Amortized Cost Basis

 

Commercial

                                    

Pass

 $13,896  $22,444  $26,815  $17,718  $22,903  $18,298  $31,135  $-  $153,209 

Special Mention

  281   2,468   -   919   -   55   2,061   -   5,784 

Substandard

  676   534   -   215   53   1,544   947   -   3,969 

Total Commercial loans

 $14,853  $25,446  $26,815  $18,852  $22,956  $19,897  $34,143  $-  $162,962 

Current period gross charge-offs

 $-  $1  $-  $-  $100  $2  $99  $-  $202 
                                     

Agricultural

                                    

Pass

 $2,873  $10,825  $4,211  $15,026  $11,722  $42,340  $24,091  $-  $111,088 

Special Mention

  -   37   -   327   162   5,750   2,033   -   8,309 

Substandard

  235   737   225   4,246   10,531   6,643   1,183   -   23,800 

Total Agricultural

 $3,108  $11,599  $4,436  $19,599  $22,415  $54,733  $27,307  $-  $143,197 

Current period gross charge-offs

 $-  $-  $6  $-  $-  $-  $-  $-  $6 
                                     

Real Estate - Residential

                                    

Pass

 $-  $2,250  $3,723  $1,999  $9,177  $14,136  $1  $-  $31,286 

Special Mention

  -   592   -   -   -   -   -   -   592 

Substandard

  -   -   -   -   -   371   -   -   371 

Total Real Estate - Residential

 $-  $2,842  $3,723  $1,999  $9,177  $14,507  $1  $-  $32,249 

Current period gross charge-offs

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

Real Estate -Commercial

                                    

Pass

 $62,586  $131,284  $111,099  $115,070  $155,461  $410,232  $9,681  $-  $995,413 

Special Mention

  -   -   367   4,053   2,142   12,308   -   -   18,870 

Substandard

  -   1,173   -   4,396   428   7,612   -   -   13,609 

Total Real Estate -Commercial

 $62,586  $132,457  $111,466  $123,519  $158,031  $430,152  $9,681  $-  $1,027,892 

Current period gross charge-offs

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

Real Estate -Construction

                                    

Pass

 $13,186  $12,226  $10,947  $5,863  $3,461  $2,383  $-  $-  $48,066 

Substandard

  -   -   -   -   -   46   -   -   46 

Total Real Estate -Construction

 $13,186  $12,226  $10,947  $5,863  $3,461  $2,429  $-  $-  $48,112 

Current period gross charge-offs

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

Equity LOC

                                    

Pass

 $-  $-  $-  $-  $-  $-  $53,198  $1,672  $54,870 

Special Mention

  -   -   -   -   -   -   85   -   85 

Substandard

  -   -   -   -   -   -   925   95   1,020 

Total Equity LOC

 $-  $-  $-  $-  $-  $-  $54,208  $1,767  $55,975 

Current period gross charge-offs

 $-  $-  $-  $-  $-  $-  $75  $-  $75 
                                     

Total

                                    

Pass

 $92,541  $179,029  $156,795  $155,676  $202,724  $487,389  $118,106  $1,672  $1,393,932 

Special Mention

  281   3,097   367   5,299   2,304   18,113   4,179   -   33,640 

Substandard

  911   2,444   225   8,857   11,012   16,216   3,055   95   42,815 

Total

 $93,733  $184,570  $157,387  $169,832  $216,040  $521,718  $125,340  $1,767  $1,470,387 

Current period gross charge-offs

 $-  $1  $6  $-  $100  $2  $174  $-  $283 
                                     

Auto

                                    

Performing

 $-  $-  $-  $12,628  $11,190  $5,491  $-  $-  $29,309 

Non-performing

  -   -   -   105   208   276   -   -   589 

Total Auto

 $-  $-  $-  $12,733  $11,398  $5,767  $-  $-  $29,898.00 

Current period gross charge-offs

 $-  $-  $-  $105  $112  $136  $-  $-  $353 
                                     

Other

                                    

Performing

 $2,312  $4,450  $4,950  $1,532  $1,800  $80  $466  $-  $15,590 

Non-performing

  -   2   24   20   5   4   -   -   55 

Total Other

 $2,312  $4,452  $4,974  $1,552  $1,805  $84  $466  $-  $15,645.00 

Current period gross charge-offs

 $-  $12  $5  $6  $4  $-  $-  $-  $27 
                                     

Total

                                    

Performing

 $2,312  $4,450  $4,950  $14,160  $12,990  $5,571  $466  $-  $44,899 

Non-performing

  -   2   24   125   213   280   -   -  $644 

Total

 $2,312  $4,452  $4,974  $14,285  $13,203  $5,851  $466  $-  $45,543 

Total Loans

 $96,045  $189,022  $162,361  $184,117  $229,243  $527,569  $125,806  $1,767  $1,515,930 

Total gross charge-offs

 $-  $13  $11  $111  $216  $138  $174  $-  $663 
                                     
  

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 
Financing Receivable, Balance of Nonaccrual Loans by Loan Category [Table Text Block]
  

Non-Performing Loans

 

($ in thousands)

 

June 30, 2026

 

December 31, 2025

  

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

 $965  $1,255  $-  $458  $611  $- 

Agricultural

  9,194   12,001   -   7,157   10,509   - 

Real estate – residential

  210   210   -   215   215   - 

Real estate – commercial

  6,694   6,694   -   2,000   2,000   - 

Real estate – construction & land development

  46   46   1,623   -   -   - 

Equity lines of credit

  1,020   1,020   -   988   988   - 

Auto

  588   588   -   745   745   - 

Other

  36   36   -   21   21   - 

Total Gross Loans

 $18,753  $21,850  $1,623  $11,584  $15,089  $- 
Financing Receivable, Reversal of Accrued Interest Income [Table Text Block]

Three months ended:

        
         
(in thousands) June 30, 2026  June 30, 2025 

Commercial

 $47  $6 
Agricultural  156   339 
Real estate – residential  -   1 
Real estate – commercial  162   4 
Equity lines of credit  7   10 
Auto  2   4 

Other

  1   - 

Total

 $

375

  $364 

Six months ended:

        
         
(in thousands) June 30, 2026  June 30, 2025 

Commercial

 $49  $10 
Agricultural  156   340 
Real estate – residential  -   1 
Real estate – commercial  162   4 
Equity lines of credit  13   15 
Auto  5   7 

Other

  2   1 

Total

 $387  $378 
Financing Receivable, Modified [Table Text Block]
  

Term Extension

 

($ in thousands)

 

Amortized Cost Basis

  

Total Class of Financing Receivable

 

Commercial

 $1,682   1.03%

Agricultural

  350   0.21%

Real estate – commercial

  538   0.33%

Total

 $2,570   0.17%
  

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

Weighted-Average Term Extension (in months)

 

Commercial

  5.1 

Agricultural

  3.0 

Real estate – commercial

  84.0 

Total

  21.3 
  

Weighted-Average Term Extension (in months)

 

Agricultural

  5.3 

Real estate – commercial

  3.0

 

Total

  5.1 
     
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]

Six Months Ended June 30, 2026:

 

Commercial

  

Agricultural

  

Real Estate-Residential

  

Real Estate-Commercial

  

Real Estate-Construction

  

Equity LOC

  

Auto

  

Other

  

Total

 

Allowance for credit losses

                                    

Beginning balance

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

Charge-offs

  (202)  (6)  -   -   -   (75)  (353)  (27)  (663)

Recoveries

  52   -   -   -   -   -   177   15   244 

Provision for (recovery of) credit losses

  21   558   (42)  (204)  (154)  48   19   (46)  200 

Ending balance

 $3,117  $4,525  $216  $10,401  $360  $475  $434  $212  $19,740 
                                     

Three Months Ended June 30, 2026:

                                    

Allowance for credit losses

                                    

Beginning balance

 $3,154  $4,068  $237  $10,298  $358  $489  $491  $226  $19,321 

Charge-offs

  (102)  -   -   -   -   (75)  (124)  (20)  (321)

Recoveries

  39   -   -   -   -   -   97   4   140 

Provision for (recovery of) credit losses

  26   457   (21)  103   2   61   (30)  2   

600

 

Ending balance

 $3,117  $4,525  $216  $10,401  $360  $475  $434  $212  $19,740 
                                     

Six Months Ended June 30, 2025:

                                    

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 
Off-Balance-Sheet, Credit Loss, Liability [Table Text Block]

Three months ended:

        
         
(in thousands) June 30, 2026  June 30, 2025 
Beginning balance $651  $620 

Provision for credit losses

  (1)  (40)

Ending balance

 $650  $580 

Six months ended:

        
         
(in thousands) June 30, 2026  June 30, 2025 
Beginning balance $580  $620 

Provision for credit losses

  70   

(40

)

Ending balance

 $650  $580 
Financing Receivable, Past Due [Table Text Block]
                  

Total

         

($ in thousands)

         

90 Days

      

Past Due

         
  30-59 Days  60-89 Days  and Still      and         

June 30, 2026

 Past Due  Past Due  Accruing  Nonaccrual  Nonaccrual  Current  Total 
                             

Commercial

 $363  $-  $-  $1,255  $1,618  $161,344  $162,962 

Agricultural

  100   -   -   12,001   12,101   131,096   143,197 

Real estate – residential

  -   14   -   210   224   32,025   32,249 

Real estate – commercial

  373   -   -   6,694   7,067   1,020,825   1,027,892 

Real estate - construction & land

  -   -   1,623   46   1,669   46,443   48,112 

Equity Lines of Credit

  413   295   -   1,020   1,728   54,247   55,975 

Auto

  708   190   -   588   1,486   28,412   29,898 

Other

  164   5   -   36   205   15,440   15,645 

Total

 $2,121  $504  $1,623  $21,850  $26,098  $1,489,832  $1,515,930 
                  

Total

         

($ in thousands)

         90 Days      Past Due         
  30-59 Days  60-89 Days  and Still      and         

December 31, 2025

 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 
Financing Receivable, Collateral Dependent Loans [Table Text Block]
                  

Commercial -1st

  

SFR-1st

  

SFR-2nd

         

($ in thousands)

 

Equipment

  

Crops

  

Livestock

  

Farmland

  

Deed

  

Deed

  

Deed

  

Other

  

Total

 
                                     

Commercial

 $90  $-  $-  $-  $-  $151  $146  $593  $980 

Agricultural

  109   4,471   225   2,583   2,241   2,268   -   -   11,897 

Real estate – residential

  -   -   -   -   -   145   -   -   145 

Real estate – commercial

  -   -   -   -   5,347   935   76   30   6,388 

Equity Lines of Credit

  -   -   -   -   -   263   288   -   551 

Total

 $199  $4,471  $225  $2,583  $7,588  $3,762  $510  $623  $19,961 
                  

Commercial -1st

  

SFR-1st

  

SFR-2nd

  

SFR-3rd

     

($ in thousands)

 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