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

(in thousands)

 

June 30, 2026

  

December 31, 2025

 
         

Commercial

 $214,185  $146,178 

Commercial Real Estate

  688,569   702,455 

Agriculture

  86,474   93,627 

Residential Mortgage

  98,448   100,684 

Residential Construction

  4,292   5,837 

Consumer

  14,132   15,478 
         
   1,106,100   1,064,259 

Allowance for credit losses

  (14,795)  (14,519)

Deferred origination fees and costs, net

  793   733 
         

Loans, net

 $1,092,098  $1,050,473 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

Allowance for Credit Losses – Three months ended June 30, 2026

 
  

Beginning

          

Provision

  

Ending

 

(in thousands)

 

Balance

  

Charge-offs

  

Recoveries

  

(Recovery)

  

Balance

 

Commercial

 $2,608  $(584) $11  $635  $2,670 

Commercial Real Estate

  9,185         (63)  9,122 

Agriculture

  1,149      30   (59)  1,120 

Residential Mortgage

  1,212         8   1,220 

Residential Construction

  364         (11)  353 

Consumer

  285   (16)  1   40   310 

Allowance for credit losses on loans

  14,803   (600)  42   550   14,795 

Reserve for unfunded commitments

  1,100         50   1,150 

Total

 $15,903  $(600) $42  $600  $15,945 
  

Allowance for Credit Losses – Six months ended June 30, 2026

 
  

Beginning

          

Provision

  

Ending

 

(in thousands)

 

Balance

  

Charge-offs

  

Recoveries

  

(Recovery)

  

Balance

 

Commercial

 $2,425  $(723) $14  $954  $2,670 

Commercial Real Estate

  9,343         (221)  9,122 

Agriculture

  1,074      50   (4)  1,120 

Residential Mortgage

  1,005         215   1,220 

Residential Construction

  376         (23)  353 

Consumer

  296   (17)  2   29   310 

Allowance for credit losses on loans

  14,519   (740)  66   950   14,795 

Reserve for unfunded commitments

  1,200         (50)  1,150 

Total

 $15,719  $(740) $66  $900  $15,945 
  

Allowance for Credit Losses – Three months ended June 30, 2025

 
  

Beginning

          

Provision

  

Ending

 

(in thousands)

 

Balance

  

Charge-offs

  

Recoveries

  

(Recovery)

  

Balance

 

Commercial

 $2,064  $(185) $2  $642  $2,523 

Commercial Real Estate

  8,871   (26)     937   9,782 

Agriculture

  3,932         (1,949)  1,983 

Residential Mortgage

  980   (5)     63   1,038 

Residential Construction

  407         92   499 

Consumer

  281   (1)  2   15   297 

Allowance for credit losses on loans

  16,535   (217)  4   (200)  16,122 

Reserve for unfunded commitments

  950         200   1,150 

Total

 $17,485  $(217) $4  $  $17,272 
  

Allowance for Credit Losses - Six months ended June 30, 2025

 
  

Beginning

          

Provision

  

Ending

 

(in thousands)

 

Balance

  

Charge-offs

  

Recoveries

  

(Recovery)

  

Balance

 

Commercial

 $1,622  $(195) $67  $1,029  $2,523 

Commercial Real Estate

  10,245   (26)     (437)  9,782 

Agriculture

  1,555         428   1,983 

Residential Mortgage

  1,779   (5)     (736)  1,038 

Residential Construction

  433         66   499 

Consumer

  251   (7)  3   50   297 

Allowance for credit losses on loans

  15,885   (233)  70   400   16,122 

Reserve for unfunded commitments

  700         450   1,150 

Total

 $16,585  $(233) $70  $850  $17,272 
Financing Receivable, Collateral Dependent Loans [Table Text Block]

(in thousands)

 

Secured by 1-4 Family Residential Properties-1st lien

  

Secured by 1-4 Family Residential Properties-junior lien

  

Secured by 1-4 Family Residential Properties-revolving

  

Commercial

  

Construction and Land Development

 

Commercial

 $  $  $  $289  $ 

Commercial Real Estate

               

Agriculture

               

Residential Mortgage

  156             

Residential Construction

               

Consumer

     192   278       

Total

 $156  $192  $278  $289  $ 
          

Secured by

  

Secured by

     
          

Owner-occupied,

  

Other

     
          

Nonfarm

  

Nonfarm

     
  

Secured by

  

Agriculture

  

Nonresidential

  

Nonresidential

     

(in thousands)

 

Farmland

  

Production

  

Properties

  

Properties

  

Total

 

Commercial

 $  $  $  $  $289 

Commercial Real Estate

        894      894 

Agriculture

  476   2,282         2,758 

Residential Mortgage

              156 

Residential Construction

               

Consumer

              470 

Total

 $476  $2,282  $894  $  $4,567 

(in thousands)

 

Secured by 1-4 Family Residential Properties-1st lien

  

Secured by 1-4 Family Residential Properties-junior lien

  

Secured by 1-4 Family Residential Properties-revolving

  

Commercial

  

Construction and Land Development

 

Commercial

 $  $  $  $139  $ 

Commercial Real Estate

               

Agriculture

               

Residential Mortgage

  174             

Residential Construction

               

Consumer

     255   382       

Total

 $174  $255  $382  $139  $ 
          

Secured by

  

Secured by

     
          

Owner-occupied,

  

Other

     
          

Nonfarm

  

Nonfarm

     
  

Secured by

  

Agriculture

  

Nonresidential

  

Nonresidential

     

(in thousands)

 

Farmland

  

Production

  

Properties

  

Properties

  

Total

 

Commercial

 $  $  $  $  $139 

Commercial Real Estate

           657   657 

Agriculture

  662   3,761         4,423 

Residential Mortgage

              174 

Residential Construction

               

Consumer

              637 

Total

 $662  $3,761  $  $657  $6,030 
Financing Receivable, Past Due [Table Text Block]

(in thousands)

 

30-59 days Past Due & Accruing

  

60-89 days Past Due & Accruing

  

90 days or More Past Due & Accruing

  

Nonaccrual Loans

  

Total Past Due & Nonaccrual Loans

  

Current & Accruing Loans

  

Total Loans

  

Nonaccrual Loans with No ACL

 

June 30, 2026

                                

Commercial

 $210  $996  $  $289  $1,495  $212,690  $214,185  $289 

Commercial Real Estate

  354         894   1,248   687,321   688,569   894 

Agriculture

  2   137      2,758   2,897   83,577   86,474   2,758 

Residential Mortgage

  1,149   103      156   1,408   97,040   98,448   156 

Residential Construction

                 4,292   4,292    

Consumer

           470   470   13,662   14,132   470 

Total

 $1,715  $1,236  $  $4,567  $7,518  $1,098,582  $1,106,100  $4,567 
                                 

December 31, 2025

                                

Commercial

 $470  $597  $  $139  $1,206  $144,972  $146,178  $139 

Commercial Real Estate

  231         657   888   701,567   702,455   657 

Agriculture

     1      4,423   4,424   89,203   93,627   4,423 

Residential Mortgage

  691         174   865   99,819   100,684   174 

Residential Construction

                 5,837   5,837    

Consumer

           637   637   14,841   15,478   637 

Total

 $1,392  $598  $  $6,030  $8,020  $1,056,239  $1,064,259  $6,030 
Financing Receivable, Modified [Table Text Block]

(in thousands, except percentages)

 

Term Extension

  

Payment Delay

  

Total Class of Financing Receivable

 
             

Commercial

 $1,415  $73   0.69%

Commercial Real Estate

         

Agriculture

         

Residential Mortgage

         

Residential Construction

         

Consumer

         

Total

 $1,415  $73   0.13%

(in thousands, except percentages)

 

Term Extension

  

Payment Delay

  

Total Class of Financing Receivable

 
             

Commercial

 $1,870  $73   0.91%

Commercial Real Estate

     888   0.13%

Agriculture

  1,291      1.49%

Residential Mortgage

         

Residential Construction

         

Consumer

         

Total

 $3,161  $961   0.37%

(in thousands, except percentages)

 

Term Extension

  

Combination Term Extension and Payment Delay

  

Total Class of Financing Receivable

 
             

Commercial

 $1,157  $   0.82%

Commercial Real Estate

  1,334      0.19%

Agriculture

         

Residential Mortgage

         

Residential Construction

         

Consumer

         

Total

 $2,491  $   0.23%

(in thousands, except percentages)

 

Term Extension

  

Combination Term Extension and Payment Delay

  

Total Class of Financing Receivable

 
             

Commercial

 $1,243  $73   0.93%

Commercial Real Estate

  1,334      0.19%

Agriculture

         

Residential Mortgage

         

Residential Construction

         

Consumer

         

Total

 $2,577  $73   0.25%
  

Weighted-Average

  

Weighted-Average

 
  

Interest Rate

  

Term Extension

 
  

Reduction

  

(in months)

 

Commercial

     10 

Commercial Real Estate

      

Agriculture

      

Residential Mortgage

      

Residential Construction

      

Consumer

      

Total

     10 
  

Weighted-Average

  

Weighted-Average

 
  

Interest Rate

  

Term Extension

 
  

Reduction

  

(in months)

 

Commercial

     9 

Commercial Real Estate

      

Agriculture

     6 

Residential Mortgage

      

Residential Construction

      

Consumer

      

Total

     8 
  

Weighted-Average

  

Weighted-Average

 
  

Interest Rate

  

Term Extension

 
  

Reduction

  

(in months)

 

Commercial

     5 

Commercial Real Estate

     3 

Agriculture

      

Residential Mortgage

      

Residential Construction

      

Consumer

      

Total

     4 
  

Weighted-Average

  

Weighted-Average

 
  

Interest Rate

  

Term Extension

 
  

Reduction

  

(in months)

 

Commercial

     10 

Commercial Real Estate

     3 

Agriculture

      

Residential Mortgage

      

Residential Construction

      

Consumer

      

Total

     6 
Financing Receivable Credit Quality Indicators [Table Text Block]
                                 
  

Term Loans Amortized Cost Basis by Origination Year - As of June 30, 2026

         
                          

Revolving

     
                          

Loans

     
                          

Amortized

     

(in thousands)

  2026   2025   2024   2023   2022   Prior   Cost Basis   Total 

Commercial

                                

Pass

 $88,382  $42,864  $35,459  $9,070  $7,624  $6,976  $19,855  $210,230 

Special Mention

  400   40               1,470   1,910 

Substandard

  73   41   34         527   1,370   2,045 

Doubtful/Loss

                        

Total Commercial loans

 $88,855  $42,945  $35,493  $9,070  $7,624  $7,503  $22,695  $214,185 

Year-to-date Charge-offs

     (300)  (125)     (42)  (35)  (221)  (723)

Year-to-date Recoveries

     2   5   4   2   1      14 

Year-to-date Net Charge-offs

     (298)  (120)  4   (40)  (34)  (221)  (709)
                                 

Commercial Real Estate

                                

Pass

 $9,725  $52,485  $59,263  $104,034  $160,859  $280,966  $348  $667,680 

Special Mention

        2,826      688   6,293      9,807 

Substandard

           629   3,622   6,831      11,082 

Doubtful/Loss

                        

Total Commercial Real Estate loans

 $9,725  $52,485  $62,089  $104,663  $165,169  $294,090  $348  $688,569 

Year-to-date Charge-offs

                        

Year-to-date Recoveries

                        

Year-to-date Net Charge-offs

                        
                                 

Agriculture

                                

Pass

 $5,951  $6,313  $2,822  $6,102  $15,395  $26,404  $15,080  $78,067 

Special Mention

                        

Substandard

              2,597   3,473   2,337   8,407 

Doubtful/Loss

                        

Total Agriculture loans

 $5,951  $6,313  $2,822  $6,102  $17,992  $29,877  $17,417  $86,474 

Year-to-date Charge-offs

                        

Year-to-date Recoveries

              50         50 

Year-to-date Net Charge-offs

              50         50 
                                 
  

Term Loans Amortized Cost Basis by Origination Year - As of June 30, 2026

         
                          

Revolving

     
                          

Loans

     
                          

Amortized

     

(in thousands)

  2026   2025   2024   2023   2022   Prior   Cost Basis   Total 

Residential Mortgage

                                

Pass

 $1,813  $4,137  $4,002  $15,963  $22,064  $50,309  $  $98,288 

Special Mention

                        

Substandard

                 160      160 

Doubtful/Loss

                        

Total Residential Mortgage loans

 $1,813  $4,137  $4,002  $15,963  $22,064  $50,469  $  $98,448 

Year-to-date Charge-offs

                        

Year-to-date Recoveries

                        

Year-to-date Net Charge-offs

                        
                                 

Residential Construction

                                

Pass

 $2,729  $1,563  $  $  $  $  $  $4,292 

Special Mention

                        

Substandard

                        

Doubtful/Loss

                        

Total Residential Construction loans

 $2,729  $1,563  $  $  $  $  $  $4,292 

Year-to-date Charge-offs

                        

Year-to-date Recoveries

                        

Year-to-date Net Charge-offs

                        
                                 

Consumer

                                

Pass

 $649  $211  $45  $48  $1,035  $427  $11,127  $13,542 

Special Mention

                        

Substandard

        0            590   590 

Doubtful/Loss

                        

Total Consumer loans

 $649  $211  $45  $48  $1,035  $427  $11,717  $14,132 

Year-to-date Charge-offs

  (16)  (1)                 (17)

Year-to-date Recoveries

  1               1      2 

Year-to-date Net Charge-offs

  (15)  (1)           1      (15)
                                 

Total Loans

                                

Pass

 $109,249  $107,573  $101,591  $135,217  $206,977  $365,082  $46,410  $1,072,099 

Special Mention

  400   40   2,826      688   6,293   1,470   11,717 

Substandard

  73   41   34   629   6,219   10,991   4,297   22,284 

Doubtful/Loss

                        

Total Loans

 $109,722  $107,654  $104,451  $135,846  $213,884  $382,366  $52,177  $1,106,100 

Year-to-date Charge-offs

 $(16) $(301) $(125) $  $(42) $(35) $(221) $(740)

Year-to-date Recoveries

 $1  $2  $5  $4  $52  $2  $  $66 

Year-to-date Net Charge-offs

 $(15) $(299) $(120) $4  $10  $(33) $(221) $(674)
                                 
  

Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2025

         
                          

Revolving

     
                          

Loans

     
                          

Amortized

     

(in thousands)

  2025   2024   2023   2022   2021   Prior   Cost Basis   Total 

Commercial

                                

Pass

 $53,724  $37,264  $9,628  $9,008  $4,473  $4,964  $24,740  $143,801 

Special Mention

  73                  324   397 

Substandard

  45   83   1   44      635   1,172   1,980 

Doubtful/Loss

                        

Total Commercial loans

 $53,842  $37,347  $9,629  $9,052  $4,473  $5,599  $26,236  $146,178 

Year-to-date Charge-offs

     (119)  (83)     (13)     (433)  (648)

Year-to-date Recoveries

     1   256         16      273 

Year-to-date Net Charge-offs

     (118)  173      (13)  16   (433)  (375)
                                 

Commercial Real Estate

                                

Pass

 $48,023  $60,279  $109,879  $152,463  $158,456  $141,544  $373  $671,017 

Special Mention

  1,084   2,854      12,487   2,013   2,786      21,224 

Substandard

  372      657   3,415      5,770      10,214 

Doubtful/Loss

                        

Total Commercial Real Estate loans

 $49,479  $63,133  $110,536  $168,365  $160,469  $150,100  $373  $702,455 

Year-to-date Charge-offs

        (26)              (26)

Year-to-date Recoveries

                        

Year-to-date Net Charge-offs

        (26)              (26)
                                 

Agriculture

                                

Pass

 $11,029  $2,970  $3,426  $15,496  $17,593  $13,004  $19,121  $82,639 

Special Mention

                        

Substandard

        58   2,717   4,739      3,474   10,988 

Doubtful/Loss

                        

Total Agriculture loans

 $11,029  $2,970  $3,484  $18,213  $22,332  $13,004  $22,595  $93,627 

Year-to-date Charge-offs

           (176)        (298)  (474)

Year-to-date Recoveries

                        

Year-to-date Net Charge-offs

           (176)        (298)  (474)
                                 
  

Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2025

         
                          

Revolving

     
                          

Loans

     
                          

Amortized

     

(in thousands)

  2025   2024   2023   2022   2021   Prior   Cost Basis   Total 

Residential Mortgage

                                

Pass

 $3,451  $4,755  $17,156  $22,718  $24,516  $27,642  $  $100,238 

Special Mention

                        

Substandard

           270   32   144      446 

Doubtful/Loss

                        

Total Residential Mortgage loans

 $3,451  $4,755  $17,156  $22,988  $24,548  $27,786  $  $100,684 

Year-to-date Charge-offs

  (5)                    (5)

Year-to-date Recoveries

                        

Year-to-date Net Charge-offs

  (5)                    (5)
                                 

Residential Construction

                                

Pass

 $1,665  $1,451  $1,176  $487  $1,058  $  $  $5,837 

Special Mention

                        

Substandard

                        

Doubtful/Loss

                        

Total Residential Construction loans

 $1,665  $1,451  $1,176  $487  $1,058  $  $  $5,837 

Year-to-date Charge-offs

                        

Year-to-date Recoveries

                        

Year-to-date Net Charge-offs

                        
                                 

Consumer

                                

Pass

 $233  $59  $69  $1,063  $94  $376  $12,923  $14,817 

Special Mention

                        

Substandard

                    661   661 

Doubtful/Loss

                        

Total Consumer loans

 $233  $59  $69  $1,063  $94  $376  $13,584  $15,478 

Year-to-date Charge-offs

  (16)  (3)                 (19)

Year-to-date Recoveries

  8                  25   33 

Year-to-date Net Charge-offs

  (8)  (3)              25   14 
                                 

Total Loans

                                

Pass

 $118,125  $106,778  $141,334  $201,235  $206,190  $187,530  $57,157  $1,018,349 

Special Mention

  1,157   2,854      12,487   2,013   2,786   324   21,621 

Substandard

  417   83   716   6,446   4,771   6,549   5,307   24,289 

Doubtful/Loss

                        

Total Loans

 $119,699  $109,715  $142,050  $220,168  $212,974  $196,865  $62,788  $1,064,259 

Year-to-date Charge-offs

 $(21) $(122) $(109) $(176) $(13) $  $(731) $(1,172)

Year-to-date Recoveries

 $8  $1  $256  $  $  $16  $25  $306 

Year-to-date Net Charge-offs

 $(13) $(121) $147  $(176) $(13) $16  $(706) $(866)