Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2021 | Jul. 27, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001070296 | |
Entity Registrant Name | FIRST CAPITAL INC | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 0-25023 | |
Entity Incorporation, State or Country Code | IN | |
Entity Tax Identification Number | 35-2056949 | |
Entity Address, Address Line One | 220 Federal Drive NW | |
Entity Address, City or Town | Corydon | |
Entity Address, State or Province | IN | |
Entity Address, Postal Zip Code | 47112 | |
City Area Code | 812 | |
Local Phone Number | 738-2198 | |
Title of 12(b) Security | Common stock, par value $0.01 per share | |
Trading Symbol | FCAP | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 3,373,872 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
ASSETS | ||
Cash and due from banks | $ 19,265 | $ 28,923 |
Interest bearing deposits with banks | 7,237 | 6,232 |
Federal funds sold | 157,494 | 140,733 |
Total cash and cash equivalents | 183,996 | 175,888 |
Interest-bearing time deposits | 6,193 | 6,396 |
Securities available for sale, at fair value | 353,482 | 283,502 |
Securities held to maturity | 2,000 | 0 |
Loans, net | 484,750 | 500,331 |
Loans held for sale | 5,353 | 7,941 |
Federal Home Loan Bank and other stock, at cost | 1,988 | 1,988 |
Foreclosed real estate | 110 | 0 |
Premises and equipment | 15,511 | 15,950 |
Accrued interest receivable | 3,315 | 3,434 |
Cash value of life insurance | 8,597 | 8,479 |
Goodwill | 6,472 | 6,472 |
Core deposit intangible | 599 | 672 |
Other assets | 6,300 | 6,498 |
Total Assets | 1,078,666 | 1,017,551 |
LIABILITIES | ||
Noninterest-bearing | 223,002 | 225,608 |
Interest-bearing | 738,579 | 674,853 |
Total deposits | 961,581 | 900,461 |
Accrued interest payable | 121 | 153 |
Accrued expenses and other liabilities | 4,446 | 6,186 |
Total liabilities | 966,148 | 906,800 |
EQUITY | ||
Preferred stock of $.01 par value per share, Authorized 1,000,000 shares; none issued | 0 | 0 |
Additional paid-in capital | 41,684 | 41,684 |
Retained earnings-substantially restricted | 76,069 | 72,155 |
Unearned stock compensation | (1,290) | (1,520) |
Accumulated other comprehensive income | 4,492 | 6,822 |
Less treasury stock, at cost - 430,451 shares (429,773 in 2020) | (8,580) | (8,540) |
Total First Capital, Inc. stockholders' equity | 112,413 | 110,639 |
Noncontrolling interest in subsidiary | 105 | 112 |
Total equity | 112,518 | 110,751 |
Total Liabilities and Equity | $ 1,078,666 | $ 1,017,551 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 7,500,000 | 7,500,000 |
Common stock, shares issued (in shares) | 3,805,533 | 3,805,533 |
Common stock, shares outstanding (in shares) | 3,375,082 | 3,375,760 |
Treasury stock, shares (in shares) | 430,451 | 429,773 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Loans, including fees | $ 5,746 | $ 6,095 | $ 11,819 | $ 12,371 |
Securities: | ||||
Taxable | 632 | 687 | 1,140 | 1,424 |
Tax-exempt | 671 | 515 | 1,305 | 994 |
Dividends | 4 | 17 | 7 | 35 |
Other interest income | 80 | 60 | 154 | 224 |
Total interest income | 7,133 | 7,374 | 14,425 | 15,048 |
INTEREST EXPENSE | ||||
Deposits | 289 | 404 | 577 | 872 |
Total interest expense | 289 | 404 | 577 | 872 |
Net interest income | 6,844 | 6,970 | 13,848 | 14,176 |
Provisions for loan losses | 0 | 825 | 75 | 1,176 |
Net interest income after provision for loan losses | 6,844 | 6,145 | 13,773 | 13,000 |
NONINTEREST INCOME | ||||
Noninterest income, financial service | 1,592 | 1,307 | 3,084 | 2,725 |
Unrealized gain (loss) on equity securities | 193 | 223 | 427 | (171) |
Gain on sale of loans | 661 | 692 | 1,297 | 1,051 |
Increase in cash surrender value of life insurance | 71 | 70 | 118 | 117 |
Other income | 66 | 58 | 120 | 118 |
Total noninterest income | 2,552 | 2,320 | 4,990 | 3,776 |
NONINTEREST EXPENSE | ||||
Compensation and benefits | 3,612 | 3,372 | 7,142 | 6,874 |
Occupancy and equipment | 410 | 459 | 874 | 898 |
Data processing | 867 | 755 | 1,676 | 1,551 |
Professional fees | 348 | 177 | 587 | 351 |
Advertising | 80 | 49 | 130 | 157 |
Other expenses | 848 | 806 | 1,563 | 1,612 |
Total noninterest expense | 6,165 | 5,618 | 11,972 | 11,443 |
Income before income taxes | 3,231 | 2,847 | 6,791 | 5,333 |
Income tax expense | 497 | 405 | 1,115 | 794 |
Net Income | 2,734 | 2,442 | 5,676 | 4,539 |
Net Income Attributable to First Capital, Inc. | $ 2,730 | $ 2,438 | $ 5,669 | $ 4,532 |
Earnings per common share attributable to First Capital, Inc.: | ||||
Basic (in dollars per share) | $ 0.82 | $ 0.73 | $ 1.70 | $ 1.36 |
Diluted (in dollars per share) | 0.82 | 0.73 | 1.69 | 1.35 |
Dividends per share (in dollars per share) | $ 0.26 | $ 0.24 | $ 0.52 | $ 0.48 |
Deposit Account [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income, financial service | $ 424 | $ 322 | $ 834 | $ 828 |
Gain on sale of securities available for sale | 0 | 0 | 7 | 0 |
ATM and Debit Card Fees [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income, financial service | 1,050 | 876 | 2,018 | 1,641 |
Investment Advisory, Management and Administrative Service [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income, financial service | $ 87 | $ 79 | $ 169 | $ 192 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Net Income | $ 2,734 | $ 2,442 | $ 5,676 | $ 4,539 |
OTHER COMPREHENSIVE INCOME (LOSS) | ||||
Unrealized holding gains (losses) arising during the period | 839 | 1,746 | (3,041) | 5,125 |
Income tax (expense) benefit | (165) | (384) | 717 | (1,182) |
Net of tax amount | 674 | 1,362 | (2,324) | 3,943 |
Less: reclassification adjustment for realized gains included in net income | 0 | 0 | (7) | 0 |
Income tax expense | 0 | 0 | 1 | 0 |
Net of tax amount | 0 | 0 | (6) | 0 |
Other Comprehensive Income (Loss), net of tax | 674 | 1,362 | (2,330) | 3,943 |
Comprehensive Income | 3,408 | 3,804 | 3,346 | 8,482 |
Less: comprehensive income attributable to the noncontrolling interest in subsidiary | 4 | 4 | 7 | 7 |
Comprehensive Income Attributable to First Capital, Inc. | $ 3,404 | $ 3,800 | $ 3,339 | $ 8,475 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Deferred Compensation, Share-based Payments [Member] | Treasury Stock [Member] | Noncontrolling Interest [Member] | Total |
Balances at Dec. 31, 2019 | $ 38 | $ 40,723 | $ 65,266 | $ 2,142 | $ (940) | $ (8,393) | $ 112 | $ 98,948 |
Net Income | 0 | 0 | 4,532 | 0 | 0 | 0 | 7 | 4,539 |
Other comprehensive income | 0 | 0 | 0 | 3,943 | 0 | 0 | 0 | 3,943 |
Cash dividends | 0 | 0 | (1,621) | 0 | 0 | 0 | (14) | (1,635) |
Stock compensation expense | 0 | 0 | 0 | 0 | 197 | 0 | 0 | 197 |
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (14) | 0 | (14) |
Restricted stock grants | 0 | 961 | 0 | 0 | (961) | 0 | 0 | 0 |
Balances at Jun. 30, 2020 | 38 | 41,684 | 68,177 | 6,085 | (1,704) | (8,407) | 105 | 105,978 |
Balances at Mar. 31, 2020 | 38 | 41,684 | 66,549 | 4,723 | (1,808) | (8,393) | 115 | 102,908 |
Net Income | 0 | 0 | 2,438 | 0 | 0 | 0 | 4 | 2,442 |
Other comprehensive income | 0 | 0 | 0 | 1,362 | 0 | 0 | 0 | 1,362 |
Cash dividends | 0 | 0 | (810) | 0 | 0 | 0 | (14) | (824) |
Stock compensation expense | 0 | 0 | 0 | 0 | 104 | 0 | 0 | 104 |
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (14) | 0 | (14) |
Balances at Jun. 30, 2020 | 38 | 41,684 | 68,177 | 6,085 | (1,704) | (8,407) | 105 | 105,978 |
Balances at Dec. 31, 2020 | 38 | 41,684 | 72,155 | 6,822 | (1,520) | (8,540) | 112 | 110,751 |
Net Income | 0 | 0 | 5,669 | 0 | 0 | 0 | 7 | 5,676 |
Other comprehensive income | 0 | 0 | 0 | (2,330) | 0 | 0 | 0 | (2,330) |
Cash dividends | 0 | 0 | (1,755) | 0 | 0 | 0 | (14) | (1,769) |
Stock compensation expense | 0 | 0 | 0 | 0 | 230 | 0 | 0 | 230 |
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (40) | 0 | (40) |
Balances at Jun. 30, 2021 | 38 | 41,684 | 76,069 | 4,492 | (1,290) | (8,580) | 105 | 112,518 |
Balances at Mar. 31, 2021 | 38 | 41,684 | 74,216 | 3,818 | (1,405) | (8,580) | 115 | 109,886 |
Net Income | 0 | 0 | 2,730 | 0 | 0 | 0 | 4 | 2,734 |
Other comprehensive income | 0 | 0 | 0 | 674 | 0 | 0 | 0 | 674 |
Cash dividends | 0 | 0 | (877) | 0 | 0 | 0 | (14) | (891) |
Stock compensation expense | 0 | 0 | 0 | 0 | 115 | 0 | 0 | 115 |
Balances at Jun. 30, 2021 | $ 38 | $ 41,684 | $ 76,069 | $ 4,492 | $ (1,290) | $ (8,580) | $ 105 | $ 112,518 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 5,676 | $ 4,539 |
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | ||
Amortization of premiums and accretion of discounts on securities, net | 1,041 | 1,057 |
Depreciation and amortization expense | 585 | 605 |
Deferred income taxes | (467) | (402) |
Stock compensation expense | 230 | 197 |
Increase in cash value of life insurance | (118) | (117) |
Gain on sale of securities | (7) | 0 |
Provisions for loan losses | 75 | 1,176 |
Proceeds from sales of loans | 73,054 | 62,934 |
Loans originated for sale | (69,169) | (64,918) |
Gain on sale of loans | (1,297) | (1,051) |
Amortization of tax credit investment | 177 | 182 |
Unrealized (gain) loss on equity securities | (427) | 171 |
(Increase) decrease in accrued interest receivable | 119 | (227) |
Increase (decrease) in accrued interest payable | (32) | (23) |
Net change in other assets/liabilities | (4) | 119 |
Net Cash Provided By Operating Activities | 9,436 | 4,242 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Proceeds from maturities of interest-bearing time deposits | 200 | 445 |
Purchase of interest-bearing time deposits | 0 | (489) |
Purchase of securities available for sale | (123,660) | (39,764) |
Purchase of securities held to maturity | (2,000) | 0 |
Proceeds from maturities of securities available for sale | 28,231 | 20,440 |
Proceeds from sales of securities available for sale | 1,798 | 0 |
Principal collected on mortgage-backed obligations | 19,568 | 20,854 |
Net (increase) decrease in loans receivable | 15,396 | (33,532) |
Investment in tax credit entity | (100) | (848) |
Proceeds from sale of foreclosed real estate | 0 | 170 |
Purchase of premises and equipment | (72) | (267) |
Net Cash Used In Investing Activities | (60,639) | (32,991) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net increase in deposits | 61,120 | 85,459 |
Purchase of treasury stock | 40 | 14 |
Dividends paid | (1,769) | (1,635) |
Net Cash Provided By Financing Activities | 59,311 | 83,810 |
Net Increase in Cash and Cash Equivalents | 8,108 | 55,061 |
Cash and cash equivalents at beginning of period | 175,888 | 51,360 |
Cash and Cash Equivalents at End of Period | $ 183,996 | $ 106,421 |
Note 1 - Presentation of Interi
Note 1 - Presentation of Interim Information | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Presentation of Interim Information First Capital, Inc. (“Company”) is the financial holding company for First Harrison Bank (“Bank”), an Indiana chartered commercial bank and wholly owned subsidiary. First Harrison Investments, Inc. and First Harrison Holdings, Inc. are wholly-owned Nevada corporate subsidiaries of the Bank that jointly own First Harrison, LLC, a Nevada limited liability corporation that holds and manages an investment portfolio. First Harrison REIT, Inc. (“REIT”) is a wholly-owned subsidiary of First Harrison Holdings, Inc. that holds a portion of the Bank’s real estate mortgage loan portfolio. FHB Risk Mitigation Services, Inc. (“Captive”) is a wholly-owned insurance subsidiary of the Company that provides property and casualty insurance coverage to the Company, the Bank and the Bank’s subsidiaries, and reinsurance to eight third may not In the opinion of management, the unaudited consolidated financial statements include all adjustments considered necessary to present fairly the financial position as of June 30, 2021, three six June 30, 2021 2020 six June 30, 2021 2020. not The accompanying unaudited consolidated financial statements and notes have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and are presented as permitted by the instructions to Form 10 not December 31, 2020 10 The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform with the current period presentation. The reclassifications had no COVID- 19 On March 11, 2020, 19” 19 may 19 may may Due to the COVID- 19 150 March 2020 0% 0.25%. 19 may 19 On March 22, 2020, may 19. six not March 27, 2020. 19 19 December 31, 2019 not 2021 December 27, 2020 January 1 2022, 60 19 19 June 30, 2021, may third 2021. The CARES Act also included a total allocation of $659 $284 second 1.00% two five not not 10 100% April 3, 2020 second May 31, 2021. second 2021. July 23, 2021, three six June 30, 2021, |
Note 2 - Investment Securities
Note 2 - Investment Securities | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Investments in Debt and Equity Instruments, Cash and Cash Equivalents, Unrealized and Realized Gains (Losses) [Text Block] | 2. Investment Securities Investment securities have been classified in the consolidated balance sheets according to management’s intent. Investment securities at June 30, 2021 December 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value June 30, 2021 Securities available for sale: Agency mortgage-backed securities $ 86,206 $ 960 $ 191 $ 86,975 Agency CMO 11,407 218 11 11,614 Other debt securities: Agency notes and bonds 109,489 798 736 109,551 Municipal obligations 140,636 5,063 357 145,342 Total securities available for sale $ 347,738 $ 7,039 $ 1,295 $ 353,482 Securities held to maturity: Other debt securities: Corporate notes $ 2,000 $ 25 $ - $ 2,025 Total securities held to maturity $ 2,000 $ 25 $ - $ 2,025 December 31, 2020 Securities available for sale: Agency mortgage-backed securities $ 59,997 $ 1,362 $ - $ 61,359 Agency CMO 20,842 218 30 21,030 Other debt securities: Agency notes and bonds 80,359 1,175 3 81,531 Municipal obligations 113,511 6,075 4 119,582 Total securities available for sale $ 274,709 $ 8,830 $ 37 $ 283,502 Agency notes and bonds, agency mortgage-backed securities and agency collateralized mortgage obligations (“CMO”) include securities issued by the Government National Mortgage Association (“GNMA”), a U.S. government agency, and the Federal National Mortgage Association (“FNMA”), the Federal Home Loan Mortgage Corporation (“FHLMC”) and the Federal Home Loan Bank (“FHLB”), which are government-sponsored enterprises. The amortized cost and fair value of debt securities as of June 30, 2021, may may Securities Available for Sale Securities Held to Maturity Amortized Fair Amortized Fair Cost Value Cost Value (In thousands) Due in one year or less $ 2,499 $ 2,521 $ - $ - Due after one year through five years 100,545 101,059 - - Due after five years through ten years 62,222 63,681 - - Due after ten years 84,859 87,632 2,000 2,025 250,125 254,893 2,000 2,025 Mortgage-backed securities and CMO 97,613 98,589 - - $ 347,738 $ 353,482 $ 2,000 $ 2,025 Information pertaining to investment securities with gross unrealized losses at June 30, 2021, Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) Continuous loss position less than twelve months: Agency mortgage-backed securities 11 $ 28,118 $ 191 Agency CMO 4 1,112 11 Agency notes and bonds 28 85,013 736 Municipal obligations 41 28,535 357 Total less than twelve months 84 142,778 1,295 Total securities available for sale 84 $ 142,778 $ 1,295 Information pertaining to investment securities with gross unrealized losses at December 31, 2020, Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) Continuous loss position less than twelve months: Agency CMO 12 $ 6,189 $ 18 Agency notes and bonds 2 5,997 3 Municipal obligations 2 1,303 4 Total less than twelve months 16 13,489 25 Continuous loss position more than twelve months: Agency CMO 4 1,589 12 Total more than twelve months 4 1,589 12 Total securities available for sale 20 $ 15,078 $ 37 Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to ( 1 2 3 At June 30, 2021, first no While management does not June 30, 2021, may During the six June 30, 2021, three June 30, 2021 three six June 30, 2020. Certain available for sale debt securities were pledged to secure public fund deposits at June 30, 2021 December 31, 2020. Equity Securities In September 2018, three six June 30, 2021, three six June 30, 2020, June 30, 2021 December 31, 2020, |
Note 3 - Loans and Allowance fo
Note 3 - Loans and Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 3. Loans and Allowance for Loan Losses The Company’s loan and allowance for loan loss policies are as follows: Loans are stated at unpaid principal balances, less net deferred loan fees and the allowance for loan losses. The Company originates real estate mortgage, commercial business and consumer loans. A substantial portion of the loan portfolio is represented by mortgage loans to customers in the Louisville, Kentucky metropolitan statistical area (MSA). The ability of the Company’s customers to honor their loan agreements is largely dependent upon the real estate and general economic conditions in this area. Loan origination and commitment fees, as well as certain direct costs of underwriting and closing loans, are deferred and amortized as a yield adjustment to interest income over the lives of the related loans using the interest method. Amortization of net deferred loan fees is discontinued when a loan is placed on nonaccrual status. The recognition of income on a loan is discontinued and previously accrued interest is reversed, when interest or principal payments become 90 A loan is restored to accrual status when all principal and interest payments are brought current and the borrower has demonstrated the ability to make future payments of principal and interest as scheduled, which generally requires that the borrower demonstrate a period of performance of at least six For portfolio segments other than consumer loans, the Company’s practice is to charge-off any loan or portion of a loan when the loan is determined by management to be uncollectible due to the borrower’s failure to meet repayment terms, the borrower’s deteriorating or deteriorated financial condition, the depreciation of the underlying collateral, the loan’s classification as a loss by regulatory examiners, or for other reasons. A partial charge-off is recorded on a loan when the uncollectibility of a portion of the loan has been confirmed, such as when a loan is discharged in bankruptcy, the collateral is liquidated, a loan is restructured at a reduced principal balance, or other identifiable events that lead management to determine the full principal balance of the loan will not not Consumer loans not 90 45 The allowance for loan losses reflects management’s judgment of probable loan losses inherent in the loan portfolio at the balance sheet date. Additions to the allowance for loan losses are made by the provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The Company uses a disciplined process and methodology to evaluate the allowance for loan losses on at least a quarterly basis that is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The allowance consists of specific and general components. The specific component relates to loans that are individually evaluated for impairment or loans otherwise classified as doubtful, substandard, or special mention. For such loans that are also classified as impaired, an allowance is established when the underlying discounted collateral value (or present value of estimated future cash flows) of the impaired loan is lower than the carrying value of that loan. The general component covers loans not five Management also applies additional loss factor multiples to loans classified as watch, special mention and substandard that are not June 30, 2021 December 31, 2020. Management exercises significant judgment in evaluating the relevant historical loss experience and the qualitative factors. Management also monitors the differences between estimated and actual incurred loan losses for loans considered impaired in order to evaluate the effectiveness of the estimation process and make any changes in the methodology as necessary. Management utilizes the following portfolio segments in its analysis of the allowance for loan losses: residential real estate, land, construction, commercial real estate, commercial business, home equity and second 10 December 31, 2020. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not Values for collateral dependent loans are generally based on appraisals obtained from independent licensed real estate appraisers, with adjustments applied for estimated costs to sell the property, costs to complete unfinished or repair damaged property and other factors. New appraisals are generally obtained for all significant properties when a loan is identified as impaired, and a property is considered significant if the value of the property is estimated to exceed $200,000. not At June 30, 2021, December 31, 2020, June 30, 2021 December 31, 2020, Loans at June 30, 2021 December 31, 2020 June 30, December 31, (In thousands) 2021 2020 Real estate mortgage loans: Residential $ 129,619 $ 131,217 Land 18,322 17,328 Residential construction 52,872 39,160 Commercial real estate 132,379 135,114 Commercial real estate construction 9,138 4,988 Commercial business loans 68,208 82,274 Consumer loans: Home equity and second mortgage loans 49,817 52,001 Automobile loans 43,302 43,770 Loans secured by savings accounts 922 1,083 Unsecured loans 2,292 2,766 Other consumer loans 14,108 16,117 Gross loans 520,979 525,818 Less undisbursed portion of loans in process (29,713 ) (19,179 ) Principal loan balance 491,266 506,639 Deferred loan origination fees and costs, net 121 317 Allowance for loan losses (6,637 ) (6,625 ) Loans, net $ 484,750 $ 500,331 At June 30, 2021 December 31, 2020, June 30, 2021 December 31, 2020, The following table provides the components of the Company’s recorded investment in loans at June 30, 2021: Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 129,619 $ 18,322 $ 32,297 $ 132,379 $ 68,208 $ 49,817 $ 60,624 $ 491,266 Accrued interest receivable 447 83 64 309 303 158 218 1,582 Net deferred loan origination fees and costs 118 15 (15 ) (62 ) (1,053 ) 1,117 1 121 Recorded investment in loans $ 130,184 $ 18,420 $ 32,346 $ 132,626 $ 67,458 $ 51,092 $ 60,843 $ 492,969 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,659 $ 151 $ - $ 740 $ 190 $ 398 $ - $ 3,138 Collectively evaluated for impairment 128,253 18,269 32,346 131,865 67,268 50,694 60,843 489,538 Acquired with deteriorated credit quality 272 - - 21 - - - 293 Ending balance $ 130,184 $ 18,420 $ 32,346 $ 132,626 $ 67,458 $ 51,092 $ 60,843 $ 492,969 The following table provides the components of the Company’s recorded investment in loans at December 31, 2020: Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 131,217 $ 17,328 $ 24,969 $ 135,114 $ 82,274 $ 52,001 $ 63,736 $ 506,639 Accrued interest receivable 513 116 61 435 378 176 244 1,923 Net deferred loan origination fees and costs 120 17 (12 ) (65 ) (843 ) 1,100 - 317 Recorded investment in loans $ 131,850 $ 17,461 $ 25,018 $ 135,484 $ 81,809 $ 53,277 $ 63,980 $ 508,879 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,728 $ 97 $ - $ 779 $ 211 $ 353 $ - $ 3,168 Collectively evaluated for impairment 129,851 17,364 25,018 134,679 81,598 52,924 63,980 505,414 Acquired with deteriorated credit quality 271 - - 26 - - - 297 Ending balance $ 131,850 $ 17,461 $ 25,018 $ 135,484 $ 81,809 $ 53,277 $ 63,980 $ 508,879 An analysis of the allowance for loan losses as of June 30, 2021 Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ - $ 5 $ - $ - $ - $ 7 $ - $ 12 Collectively evaluated for impairment 1,186 210 389 2,357 784 618 1,051 6,595 Acquired with deteriorated credit quality 30 - - - - - - 30 Ending balance $ 1,216 $ 215 $ 389 $ 2,357 $ 784 $ 625 $ 1,051 $ 6,637 An analysis of the allowance for loan losses as of December 31, 2020 Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,208 209 292 2,358 843 617 1,067 6,594 Acquired with deteriorated credit quality 31 - - - - - - 31 Ending balance $ 1,239 $ 209 $ 292 $ 2,358 $ 843 $ 617 $ 1,067 $ 6,625 An analysis of the changes in the allowance for loan losses for the three six June 30, 2021 Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2021 Beginning balance $ 1,221 $ 209 $ 348 $ 2,355 $ 816 $ 622 $ 1,057 $ 6,628 Provisions for loan losses (5 ) 6 41 2 (32 ) 3 (15 ) - Charge-offs - - - - - - (58 ) (58 ) Recoveries - - - - - - 67 67 Ending balance $ 1,216 $ 215 $ 389 $ 2,357 $ 784 $ 625 $ 1,051 $ 6,637 Changes in Allowance for Loan Losses for the six-months ended June 30, 2021 Beginning balance $ 1,239 $ 209 $ 292 $ 2,358 $ 843 $ 617 $ 1,067 $ 6,625 Provisions for loan losses (19 ) 9 97 (1 ) (59 ) 17 31 75 Charge-offs (4 ) (3 ) - - - (9 ) (171 ) (187 ) Recoveries - - - - - - 124 124 Ending balance $ 1,216 $ 215 $ 389 $ 2,357 $ 784 $ 625 $ 1,051 $ 6,637 An analysis of the changes in the allowance for loan losses for the three six June 30, 2020 Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2020 Beginning balance $ 929 $ 163 $ 353 $ 1,735 $ 620 $ 550 $ 957 $ 5,307 Provisions for loan losses 150 33 16 167 248 45 166 825 Charge-offs (71 ) - - - - - (106 ) (177 ) Recoveries 47 - - - - 9 53 109 Ending balance $ 1,055 $ 196 $ 369 $ 1,902 $ 868 $ 604 $ 1,070 $ 6,064 Changes in Allowance for Loan Losses for the six-months ended June 30, 2020 Beginning balance $ 867 $ 163 $ 350 $ 1,623 $ 595 $ 515 $ 948 $ 5,061 Provisions for loan losses 213 33 19 279 273 79 280 1,176 Charge-offs (72 ) - - - - - (264 ) (336 ) Recoveries 47 - - - - 10 106 163 Ending balance $ 1,055 $ 196 $ 369 $ 1,902 $ 868 $ 604 $ 1,070 $ 6,064 At June 30, 2021 December 31, 2020, not 2020, 19. June 30, 2021, 19 Management also adjusts the historical loss factors for loans classified as watch, special mention and substandard that are not At June 30, 2021, December 31, 2020, June 30, 2021 December 31, 2020. The following table summarizes the Company’s impaired loans as of June 30, 2021 three six June 30, 2021. not three six June 30, 2021: At June 30, 2021 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized (In thousands) Loans with no related allowance recorded: Residential $ 1,659 $ 1,762 $ - $ 1,769 $ 6 $ 1,755 $ 12 Land 100 102 - 100 - 99 - Construction - - - - - - - Commercial real estate 740 750 - 750 9 760 17 Commercial business 190 189 - 196 2 201 4 Home equity and second mortgage 109 107 - 87 1 175 2 Other consumer - - - - - - - 2,798 2,910 - 2,902 18 2,990 35 Loans with an allowance recorded: Residential - - - - - - - Land 51 54 5 26 - 17 - Construction - - - - - - - Commercial real estate - - - - - - - Commercial business - - - - - - - Home equity and second mortgage 289 294 7 290 - 193 - Other consumer - - - - - - - 340 348 12 316 - 210 - Total: Residential 1,659 1,762 - 1,769 6 1,755 12 Land 151 156 5 126 - 116 - Construction - - - - - - - Commercial real estate 740 750 - 750 9 760 17 Commercial business 190 189 - 196 2 201 4 Home equity and second mortgage 398 401 7 377 1 368 2 Other consumer - - - - - - - $ 3,138 $ 3,258 $ 12 $ 3,218 $ 18 $ 3,200 $ 35 The following table summarizes the Company’s impaired loans for the three six June 30, 2020. not three six June 30, 2020: Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Loans with no related allowance recorded: Residential $ 1,622 $ 5 $ 1,660 $ 11 Land 99 - 104 - Construction - - - - Commercial real estate 883 9 706 18 Commercial business 265 3 260 4 Home equity and second mortgage 204 4 155 5 Other consumer 25 - 32 - 3,098 21 2,917 38 Loans with an allowance recorded: Residential 144 - 159 - Land - - - - Construction - - - - Commercial real estate - - - - Commercial business 99 - 66 - Home equity and second mortgage - - - - Other consumer - - - - 243 - 225 - Total: Residential 1,766 5 1,819 11 Land 99 - 104 - Construction - - - - Commercial real estate 883 9 706 18 Commercial business 364 3 326 4 Home equity and second mortgage 204 4 155 5 Other consumer 25 - 32 - $ 3,341 $ 21 $ 3,142 $ 38 The following table summarizes the Company’s impaired loans as of December 31, 2020: Unpaid Recorded Principal Related Investment Balance Allowance (In thousands) Loans with no related allowance recorded: Residential $ 1,728 $ 1,902 $ - Land 97 97 - Construction - - - Commercial real estate 779 784 - Commercial business 211 210 - Home equity and second mortgage 353 345 - Other consumer - - - 3,168 3,338 - Loans with an allowance recorded: Residential - - - Land - - - Construction - - - Commercial real estate - - - Commercial business - - - Home equity and second mortgage - - - Other consumer - - - - - - Total: Residential 1,728 1,902 - Land 97 97 - Construction - - - Commercial real estate 779 784 - Commercial business 211 210 - Home equity and second mortgage 353 345 - Other consumer - - - $ 3,168 $ 3,338 $ - Nonperforming loans consists of nonaccrual loans and loans over 90 June 30, 2021 December 31, 2020: June 30, 2021 December 31, 2020 Loans 90+ Days Total Loans 90+ Days Total Nonaccrual Past Due Nonperforming Nonaccrual Past Due Nonperforming Loans Still Accruing Loans Loans Still Accruing Loans (In thousands) Residential $ 1,092 $ 52 $ 1,144 $ 1,154 $ - $ 1,154 Land 151 - 151 97 59 156 Construction - - - - - - Commercial real estate 135 - 135 155 - 155 Commercial business - - - - - - Home equity and second mortgage 348 - 348 - - - Other consumer - - - - - - Total $ 1,726 $ 52 $ 1,778 $ 1,406 $ 59 $ 1,465 The following table presents the aging of the recorded investment in loans at June 30, 2021: Purchased 90 Days Credit 30-59 Days 60-89 Days or More Total Impaired Total Past Due Past Due Past Due Past Due Current Loans Loans (In thousands) Residential $ 912 $ 20 $ 845 $ 1,777 $ 128,135 $ 272 $ 130,184 Land 256 - 97 353 18,067 - 18,420 Construction - - - - 32,346 - 32,346 Commercial real estate - - - - 132,605 21 132,626 Commercial business - - - - 67,458 - 67,458 Home equity and second mortgage 342 - 60 402 50,690 - 51,092 Other consumer 160 44 - 204 60,639 - 60,843 Total $ 1,670 $ 64 $ 1,002 $ 2,736 $ 489,940 $ 293 $ 492,969 The following table presents the aging of the recorded investment in loans at December 31, 2020: Purchased 90 Days Credit 30-59 Days 60-89 Days or More Total Impaired Total Past Due Past Due Past Due Past Due Current Loans Loans (In thousands) Residential $ 1,672 $ 227 $ 726 $ 2,625 $ 128,954 $ 271 $ 131,850 Land 130 65 156 351 17,110 - 17,461 Construction - - - - 25,018 - 25,018 Commercial real estate 155 - - 155 135,303 26 135,484 Commercial business - - - - 81,809 - 81,809 Home equity and second mortgage 53 302 - 355 52,922 - 53,277 Other consumer 285 101 - 386 63,594 - 63,980 Total $ 2,295 $ 695 $ 882 $ 3,872 $ 504,710 $ 297 $ 508,879 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, public information, historical payment experience, credit documentation, and current economic trends, among other factors. The Company classifies loans based on credit risk at least quarterly. The Company uses the following regulatory definitions for risk ratings: Special Mention: may Substandard: not Doubtful: Loss: not Loans not The following table presents the recorded investment in loans by risk category as of the date indicated: Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) June 30, 2021 Pass $ 128,452 $ 18,144 $ 32,266 $ 129,097 $ 66,872 $ 50,744 $ 60,843 $ 486,418 Special Mention - 62 - 2,146 281 - - 2,489 Substandard 640 63 80 1,248 305 - - 2,336 Doubtful 1,092 151 - 135 - 348 - 1,726 Loss - - - - - - - - Total $ 130,184 $ 18,420 $ 32,346 $ 132,626 $ 67,458 $ 51,092 $ 60,843 $ 492,969 December 31, 2020 Pass $ 130,054 $ 16,925 $ 25,018 $ 131,822 $ 81,452 $ 52,869 $ 63,919 $ 502,059 Special Mention - 315 - 2,289 284 - 10 2,898 Substandard 642 124 - 1,218 73 408 51 2,516 Doubtful 1,154 97 - 155 - - - 1,406 Loss - - - - - - - - Total $ 131,850 $ 17,461 $ 25,018 $ 135,484 $ 81,809 $ 53,277 $ 63,980 $ 508,879 The following table summarizes the Company’s TDRs by accrual status as of June 30, 2021 December 31, 2020: June 30, 2021 December 31, 2020 Related Related Allowance Allowance Accruing Nonaccrual Total for Loan Losses Accruing Nonaccrual Total for Loan Losses (In thousands) Troubled debt restructurings: Residential real estate $ 548 $ - $ 548 $ - $ 556 $ - $ 556 $ - Commercial real estate 603 - 603 - 621 - 621 - Commercial business 189 - 189 - 210 - 210 - Home equity and second mortgage 48 288 336 7 345 - 345 - Total $ 1,388 $ 288 $ 1,676 $ 7 $ 1,732 $ - $ 1,732 $ - At June 30, 2021 December 31, 2020, The Company restructured one one second three June 30, 2020, second six June 30, 2020, three six June 30, 2021. There were no principal charge-offs recorded as a result of TDRs and there was no specific allowance for loan losses related to TDRs modified during the three six June 30, 2021 2020. There were no TDRs modified within the previous 12 90 three June 30, 2021 three six June 30, 2020. six June 30, 2021, second 12 may may six June 30, 2021. As discussed in Note 1, March 2020 six 19 not 19 December 31, 2019 not 2021 January 1, 2022, 60 19 June 30, 2021, one three Purchased Credit Impaired (PCI) Loans Purchased loans acquired in a business combination are recorded at estimated fair value on their purchase date with no not 310 30. The following table presents the carrying amount of PCI loans accounted for under ASC 310 30 June 30, 2021 December 31, 2020: June 30, December 31, (In thousands) 2021 2020 Residential real estate $ 272 $ 271 Commercial real estate 21 26 Carrying amount 293 297 Allowance for loan losses 30 31 Carrying amount, net of allowance $ 263 $ 266 The outstanding balance of PCI loans accounted for under ASC 310 30, June 30, 2021 December 31, 2020, There was a $30,000 allowance for loan losses related to PCI loans at June 30, 2021 December 31, 2020. three six June 30, 2021. six June 30, 2020. three June 30, 2020. Accretable yield, or income expected to be collected, is as follows for the three six June 30, 2021 2020: Three Months Ended Six Months Ended 6/30/2021 6/30/2020 6/30/2021 6/30/2020 Balance at beginning of period $ 303 $ 375 $ 316 $ 403 New loans purchased - - - - Accretion to income (8 ) (11 ) (16 ) (22 ) Disposals and other adjustments - - - - Reclassification (to) from nonaccretable difference (2 ) (6 ) (7 ) (23 ) Balance at end of period $ 293 $ 358 $ 293 $ 358 |
Note 4 - Qualified Affordable H
Note 4 - Qualified Affordable Housing Project Investment | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Investment [Text Block] | 4. Qualified Affordable Housing Project Investment On January 19, 2018, June 30, 2021 December 31, 2020, June 30, 2021 December 31, 2020 2029. The investment is accounted for using the proportional amortization method. During the three June 30, 2021 2020, three June 30, 2021 2020, six June 30, 2021 2020, six June 30, 2021 2020, |
Note 5 - Supplemental Disclosur
Note 5 - Supplemental Disclosure for Earnings Per Share | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 5. Supplemental Disclosure for Earnings Per Share Three Months Ended Six Months Ended 6/30/2021 6/30/2020 6/30/2021 6/30/2020 (Dollars in thousands, except for share and per share data) Basic Earnings: Net income attributable to First Capital, Inc. $ 2,730 $ 2,438 $ 5,669 $ 4,532 Shares: Weighted average common shares outstanding 3,342,432 3,336,573 3,342,462 3,336,516 Net income attributable to First Capital, Inc. per common share, basic $ 0.82 $ 0.73 $ 1.70 $ 1.36 Diluted Earnings: Net income attributable to First Capital, Inc. $ 2,730 $ 2,438 $ 5,669 $ 4,532 Shares: Weighted average common shares outstanding 3,342,432 3,336,573 3,342,462 3,336,516 Add: Dilutive effect of restricted stock 2,927 11,298 4,162 12,563 Weighted average common shares outstanding, as adjusted 3,345,359 3,347,871 3,346,624 3,349,079 Net income attributable to First Capital, Inc. per common share, diluted $ 0.82 $ 0.73 $ 1.69 $ 1.35 Nonvested restricted stock shares are not three six June 30, 2021 2020. |
Note 6 - Stock-based Compensati
Note 6 - Stock-based Compensation Plans | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 6. Stock-Based Compensation Plan On May 20, 2009, 2009 “2009 May 20, 2019. 2009 2009 not 2009 On May 22, 2019, 2019 “2019 2019 2019 may not 2009 not 2019 no 2009 2009 2019 At June 30, 2021, 2019 may may not ten may first not may not 2019 may 2019 2019 The fair market value of stock options granted is estimated at the date of grant using an option pricing model. Expected volatilities are based on historical volatility of the Company's stock. The expected term of options granted represents the period of time that options are expected to be outstanding and is based on historical trends. The risk free rate for the expected life of the options is based on the U.S. Treasury yield curve in effect at the time of grant. As of June 30, 2021, On February 18, 2020, 2019 July 1, 2025, July 1 July 1, 2021. three six June 30, 2021 three six June 30, 2020 three six June 30, 2021. three six June 30, 2020. A summary of the Company’s nonvested restricted shares under the Plan as of June 30, 2021 six Weighted Number Average of Grant Date Shares Fair Value Nonvested at January 1, 2021 32,650 $ 53.93 Granted - - Vested - - Forfeited - - Nonvested at June 30, 2021 32,650 $ 53.93 There were no restricted shares that vested during the six June 30, 2021 six June 30, 2020 six June 30, 2020 June 30, 2021, |
Note 7 - Supplemental Disclosur
Note 7 - Supplemental Disclosures of Cash Flow Information | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 7. Supplemental Disclosures of Cash Flow Information Six Months Ended June 30 , 2021 2020 ( In thousands Cash payments for: $ 609 $ 895 Interest 1,309 - Taxes (net of refunds received) Noncash investing activities: Transfers from loans to real estate acquired through foreclosure 110 58 |
Note 8 - Fair Value Measurement
Note 8 - Fair Value Measurements | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 8. Fair Value Measurements FASB ASC Topic 820 , Fair Value Measurements, 1 3 three 820 Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted market price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. Level 2: Inputs to the valuation methodology include quoted market prices for similar assets or liabilities in active markets; quoted market prices for identical or similar assets or liabilities in markets that are not Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth on the following page. These valuation methodologies were applied to all of the Company’s financial and nonfinancial assets carried at fair value or the lower of cost or fair value. The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of June 30, 2021 December 31, 2020. June 30, 2021 December 31, 2020. Carrying Value (In thousands) Level 1 Level 2 Level 3 Total June 30, 2021 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 86,975 $ - $ 86,975 Agency CMO - 11,614 - 11,614 Agency notes and bonds - 109,551 - 109,551 Municipal obligations - 145,342 - 145,342 Total securities available for sale $ - $ 353,482 $ - $ 353,482 Equity securities $ 1,979 $ - $ - 1,979 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ - $ - $ 1,659 $ 1,659 Land - - 146 146 Commercial real estate - - 740 740 Commercial business - - 190 190 Home equity and second mortgage - - 391 391 Total impaired loans $ - $ - $ 3,126 $ 3,126 Loans held for sale $ - $ 5,353 $ - $ 5,353 Foreclosed real estate: Residential real estate $ - $ - $ 110 $ 110 Total foreclosed real estate $ - $ - $ 110 $ 110 December 31, 2020 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 61,359 $ - $ 61,359 Agency CMO - 21,030 - 21,030 Agency notes and bonds - 81,531 - 81,531 Municipal obligations - 119,582 - 119,582 Total securities available for sale $ - $ 283,502 $ - $ 283,502 Equity securities $ 1,553 $ - $ - 1,553 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ - $ - $ 1,728 $ 1,728 Land - - 97 97 Commercial real estate - - 779 779 Commercial business - - 211 211 Home equity and second mortgage - - 353 353 Total impaired loans $ - $ - $ 3,168 $ 3,168 Loans held for sale $ - $ 7,941 $ - $ 7,941 Fair value is based upon quoted market prices, where available. If quoted market prices are not third may may may may not Securities Available for Sale and Equity Securities . 1 third not 2 may third not 3 Impaired Loans 3 Impaired loans are carried at the present value of estimated future cash flows using the loan's effective interest rate or the fair value of collateral less estimated costs to sell if the loan is collateral dependent. At June 30, 2021 December 31, 2020, may At June 30, 2021, December 31, 2020, six June 30, 2021 2020, three June 30, 2021 2020, Loans Held for Sale 2. Foreclosed Real Estate 3 Foreclosed real estate is reported at fair value less estimated costs to dispose of the property. The fair values are determined by real estate appraisals which are then discounted to reflect management’s estimate of the fair value of the property given current market conditions and the condition of the collateral. At June 30, 2021 December 31, 2020, three six June 30, 2021 2020. There have been no three June 30, 2021 2020. no 3 three June 30, 2021 2020. GAAP requires disclosure of the fair value of financial assets and financial liabilities, whether or not not not not Carrying Fair Fair Value Measurements Using (In thousands) Value Value Level 1 Level 2 Level 3 June 30, 2021: Financial assets: Cash and cash equivalents $ 183,996 $ 183,996 $ 183,996 $ - $ - Interest-bearing time deposits 6,193 6,399 - 6,399 - Securities available for sale 353,482 353,482 - 353,482 - Securities held to maturity 2,000 2,025 - 2,025 - Loans held for sale 5,353 5,465 - 5,465 - Loans, net 484,750 488,324 - - 488,324 FHLB and other restricted stock 1,988 N/A N/A N/A N/A Accrued interest receivable 3,315 3,315 - 3,315 - Equity securities (included in other assets) 1,979 1,979 1,979 - - Financial liabilities: Deposits 961,581 961,833 - - 961,833 Accrued interest payable 121 121 - 121 - December 31, 2020: Financial assets: Cash and cash equivalents $ 175,888 $ 175,888 $ 175,888 $ - $ - Interest-bearing time deposits 6,396 6,687 - 6,687 - Securities available for sale 283,502 283,502 - 283,502 - Loans held for sale 7,941 8,101 - 8,101 - Loans, net 500,331 506,207 - - 506,207 FHLB and other restricted stock 1,988 N/A N/A N/A N/A Accrued interest receivable 3,434 3,434 - 3,434 - Equity securities (included in other assets) 1,553 1,553 1,553 - - Financial liabilities: Deposits 900,461 901,073 - - 901,073 Accrued interest payable 153 153 - 153 - The methods and assumptions used to estimate fair value are described as follows: Carrying amount is the estimated fair value for cash and cash equivalents, accrued interest receivable and payable, demand deposits and other transactions accounts. The fair value of investment securities is based on quoted market prices (where available) or values obtained from an independent pricing service. The fair value of loans (excluding loans held for sale), interest-bearing time deposits in other financial institutions, and fixed-maturity certificates of deposit is based on discounted cash flows using current market rates applied to the estimated life and credit risk of the instrument. The fair value of loans held for sale is based on specific prices of underlying contracts for sales to investors. It is not June 30, 2021 December 31, 2020 may |
Note 9 - Revenue From Contracts
Note 9 - Revenue From Contracts With Customers | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 9. Revenue from Contracts with Customers Substantially all of the Company’s revenue from contracts with customers in the scope of FASB ASC 606 three six June 30, 2021 2020: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Service charges on deposit accounts $ 424 $ 322 $ 834 $ 828 ATM and debit card fees 1,050 876 2,018 1,641 Investment advisory income 87 79 169 192 Other 31 30 63 64 Revenue from contracts with customers 1,592 1,307 3,084 2,725 Net gains on loans and investments 854 915 1,731 880 Increase in cash value of life insurance 71 70 118 117 Other 35 28 57 54 Other noninterest income 960 1,013 1,906 1,051 Total noninterest income $ 2,552 $ 2,320 $ 4,990 $ 3,776 A description of the Company’s revenue streams accounted for under FASB ASC 606 Service Charges on Deposit Accounts ATM and Debit Card Fees Investment Advisory Income Other Income: |
Note 10 - Recent Accounting Pro
Note 10 - Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | 10. Recent Accounting Pronouncements The following are summaries of recently issued or adopted accounting pronouncements that impact the accounting and reporting practices of the Company: In June 2016, No. 2016 13, Financial Instruments Credit Losses (Topic 326 December 15, 2019, one 2016 13, In November 2019, No. 2019 10 2016 13 December 15, 2022, December 15, 2018, not The Company has determined that all other recently issued accounting pronouncements will not not |
Note 2 - Investment Securities
Note 2 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value June 30, 2021 Securities available for sale: Agency mortgage-backed securities $ 86,206 $ 960 $ 191 $ 86,975 Agency CMO 11,407 218 11 11,614 Other debt securities: Agency notes and bonds 109,489 798 736 109,551 Municipal obligations 140,636 5,063 357 145,342 Total securities available for sale $ 347,738 $ 7,039 $ 1,295 $ 353,482 Securities held to maturity: Other debt securities: Corporate notes $ 2,000 $ 25 $ - $ 2,025 Total securities held to maturity $ 2,000 $ 25 $ - $ 2,025 December 31, 2020 Securities available for sale: Agency mortgage-backed securities $ 59,997 $ 1,362 $ - $ 61,359 Agency CMO 20,842 218 30 21,030 Other debt securities: Agency notes and bonds 80,359 1,175 3 81,531 Municipal obligations 113,511 6,075 4 119,582 Total securities available for sale $ 274,709 $ 8,830 $ 37 $ 283,502 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Securities Available for Sale Securities Held to Maturity Amortized Fair Amortized Fair Cost Value Cost Value (In thousands) Due in one year or less $ 2,499 $ 2,521 $ - $ - Due after one year through five years 100,545 101,059 - - Due after five years through ten years 62,222 63,681 - - Due after ten years 84,859 87,632 2,000 2,025 250,125 254,893 2,000 2,025 Mortgage-backed securities and CMO 97,613 98,589 - - $ 347,738 $ 353,482 $ 2,000 $ 2,025 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) Continuous loss position less than twelve months: Agency mortgage-backed securities 11 $ 28,118 $ 191 Agency CMO 4 1,112 11 Agency notes and bonds 28 85,013 736 Municipal obligations 41 28,535 357 Total less than twelve months 84 142,778 1,295 Total securities available for sale 84 $ 142,778 $ 1,295 Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) Continuous loss position less than twelve months: Agency CMO 12 $ 6,189 $ 18 Agency notes and bonds 2 5,997 3 Municipal obligations 2 1,303 4 Total less than twelve months 16 13,489 25 Continuous loss position more than twelve months: Agency CMO 4 1,589 12 Total more than twelve months 4 1,589 12 Total securities available for sale 20 $ 15,078 $ 37 |
Note 3 - Loans and Allowance _2
Note 3 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, December 31, (In thousands) 2021 2020 Real estate mortgage loans: Residential $ 129,619 $ 131,217 Land 18,322 17,328 Residential construction 52,872 39,160 Commercial real estate 132,379 135,114 Commercial real estate construction 9,138 4,988 Commercial business loans 68,208 82,274 Consumer loans: Home equity and second mortgage loans 49,817 52,001 Automobile loans 43,302 43,770 Loans secured by savings accounts 922 1,083 Unsecured loans 2,292 2,766 Other consumer loans 14,108 16,117 Gross loans 520,979 525,818 Less undisbursed portion of loans in process (29,713 ) (19,179 ) Principal loan balance 491,266 506,639 Deferred loan origination fees and costs, net 121 317 Allowance for loan losses (6,637 ) (6,625 ) Loans, net $ 484,750 $ 500,331 |
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block] | Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ - $ 5 $ - $ - $ - $ 7 $ - $ 12 Collectively evaluated for impairment 1,186 210 389 2,357 784 618 1,051 6,595 Acquired with deteriorated credit quality 30 - - - - - - 30 Ending balance $ 1,216 $ 215 $ 389 $ 2,357 $ 784 $ 625 $ 1,051 $ 6,637 Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,208 209 292 2,358 843 617 1,067 6,594 Acquired with deteriorated credit quality 31 - - - - - - 31 Ending balance $ 1,239 $ 209 $ 292 $ 2,358 $ 843 $ 617 $ 1,067 $ 6,625 Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2021 Beginning balance $ 1,221 $ 209 $ 348 $ 2,355 $ 816 $ 622 $ 1,057 $ 6,628 Provisions for loan losses (5 ) 6 41 2 (32 ) 3 (15 ) - Charge-offs - - - - - - (58 ) (58 ) Recoveries - - - - - - 67 67 Ending balance $ 1,216 $ 215 $ 389 $ 2,357 $ 784 $ 625 $ 1,051 $ 6,637 Changes in Allowance for Loan Losses for the six-months ended June 30, 2021 Beginning balance $ 1,239 $ 209 $ 292 $ 2,358 $ 843 $ 617 $ 1,067 $ 6,625 Provisions for loan losses (19 ) 9 97 (1 ) (59 ) 17 31 75 Charge-offs (4 ) (3 ) - - - (9 ) (171 ) (187 ) Recoveries - - - - - - 124 124 Ending balance $ 1,216 $ 215 $ 389 $ 2,357 $ 784 $ 625 $ 1,051 $ 6,637 Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2020 Beginning balance $ 929 $ 163 $ 353 $ 1,735 $ 620 $ 550 $ 957 $ 5,307 Provisions for loan losses 150 33 16 167 248 45 166 825 Charge-offs (71 ) - - - - - (106 ) (177 ) Recoveries 47 - - - - 9 53 109 Ending balance $ 1,055 $ 196 $ 369 $ 1,902 $ 868 $ 604 $ 1,070 $ 6,064 Changes in Allowance for Loan Losses for the six-months ended June 30, 2020 Beginning balance $ 867 $ 163 $ 350 $ 1,623 $ 595 $ 515 $ 948 $ 5,061 Provisions for loan losses 213 33 19 279 273 79 280 1,176 Charge-offs (72 ) - - - - - (264 ) (336 ) Recoveries 47 - - - - 10 106 163 Ending balance $ 1,055 $ 196 $ 369 $ 1,902 $ 868 $ 604 $ 1,070 $ 6,064 |
Impaired Financing Receivables [Table Text Block] | At June 30, 2021 Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized (In thousands) Loans with no related allowance recorded: Residential $ 1,659 $ 1,762 $ - $ 1,769 $ 6 $ 1,755 $ 12 Land 100 102 - 100 - 99 - Construction - - - - - - - Commercial real estate 740 750 - 750 9 760 17 Commercial business 190 189 - 196 2 201 4 Home equity and second mortgage 109 107 - 87 1 175 2 Other consumer - - - - - - - 2,798 2,910 - 2,902 18 2,990 35 Loans with an allowance recorded: Residential - - - - - - - Land 51 54 5 26 - 17 - Construction - - - - - - - Commercial real estate - - - - - - - Commercial business - - - - - - - Home equity and second mortgage 289 294 7 290 - 193 - Other consumer - - - - - - - 340 348 12 316 - 210 - Total: Residential 1,659 1,762 - 1,769 6 1,755 12 Land 151 156 5 126 - 116 - Construction - - - - - - - Commercial real estate 740 750 - 750 9 760 17 Commercial business 190 189 - 196 2 201 4 Home equity and second mortgage 398 401 7 377 1 368 2 Other consumer - - - - - - - $ 3,138 $ 3,258 $ 12 $ 3,218 $ 18 $ 3,200 $ 35 Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Loans with no related allowance recorded: Residential $ 1,622 $ 5 $ 1,660 $ 11 Land 99 - 104 - Construction - - - - Commercial real estate 883 9 706 18 Commercial business 265 3 260 4 Home equity and second mortgage 204 4 155 5 Other consumer 25 - 32 - 3,098 21 2,917 38 Loans with an allowance recorded: Residential 144 - 159 - Land - - - - Construction - - - - Commercial real estate - - - - Commercial business 99 - 66 - Home equity and second mortgage - - - - Other consumer - - - - 243 - 225 - Total: Residential 1,766 5 1,819 11 Land 99 - 104 - Construction - - - - Commercial real estate 883 9 706 18 Commercial business 364 3 326 4 Home equity and second mortgage 204 4 155 5 Other consumer 25 - 32 - $ 3,341 $ 21 $ 3,142 $ 38 Unpaid Recorded Principal Related Investment Balance Allowance (In thousands) Loans with no related allowance recorded: Residential $ 1,728 $ 1,902 $ - Land 97 97 - Construction - - - Commercial real estate 779 784 - Commercial business 211 210 - Home equity and second mortgage 353 345 - Other consumer - - - 3,168 3,338 - Loans with an allowance recorded: Residential - - - Land - - - Construction - - - Commercial real estate - - - Commercial business - - - Home equity and second mortgage - - - Other consumer - - - - - - Total: Residential 1,728 1,902 - Land 97 97 - Construction - - - Commercial real estate 779 784 - Commercial business 211 210 - Home equity and second mortgage 353 345 - Other consumer - - - $ 3,168 $ 3,338 $ - |
Financing Receivable, Nonaccrual [Table Text Block] | June 30, 2021 December 31, 2020 Loans 90+ Days Total Loans 90+ Days Total Nonaccrual Past Due Nonperforming Nonaccrual Past Due Nonperforming Loans Still Accruing Loans Loans Still Accruing Loans (In thousands) Residential $ 1,092 $ 52 $ 1,144 $ 1,154 $ - $ 1,154 Land 151 - 151 97 59 156 Construction - - - - - - Commercial real estate 135 - 135 155 - 155 Commercial business - - - - - - Home equity and second mortgage 348 - 348 - - - Other consumer - - - - - - Total $ 1,726 $ 52 $ 1,778 $ 1,406 $ 59 $ 1,465 |
Financing Receivable, Past Due [Table Text Block] | Purchased 90 Days Credit 30-59 Days 60-89 Days or More Total Impaired Total Past Due Past Due Past Due Past Due Current Loans Loans (In thousands) Residential $ 912 $ 20 $ 845 $ 1,777 $ 128,135 $ 272 $ 130,184 Land 256 - 97 353 18,067 - 18,420 Construction - - - - 32,346 - 32,346 Commercial real estate - - - - 132,605 21 132,626 Commercial business - - - - 67,458 - 67,458 Home equity and second mortgage 342 - 60 402 50,690 - 51,092 Other consumer 160 44 - 204 60,639 - 60,843 Total $ 1,670 $ 64 $ 1,002 $ 2,736 $ 489,940 $ 293 $ 492,969 Purchased 90 Days Credit 30-59 Days 60-89 Days or More Total Impaired Total Past Due Past Due Past Due Past Due Current Loans Loans (In thousands) Residential $ 1,672 $ 227 $ 726 $ 2,625 $ 128,954 $ 271 $ 131,850 Land 130 65 156 351 17,110 - 17,461 Construction - - - - 25,018 - 25,018 Commercial real estate 155 - - 155 135,303 26 135,484 Commercial business - - - - 81,809 - 81,809 Home equity and second mortgage 53 302 - 355 52,922 - 53,277 Other consumer 285 101 - 386 63,594 - 63,980 Total $ 2,295 $ 695 $ 882 $ 3,872 $ 504,710 $ 297 $ 508,879 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) June 30, 2021 Pass $ 128,452 $ 18,144 $ 32,266 $ 129,097 $ 66,872 $ 50,744 $ 60,843 $ 486,418 Special Mention - 62 - 2,146 281 - - 2,489 Substandard 640 63 80 1,248 305 - - 2,336 Doubtful 1,092 151 - 135 - 348 - 1,726 Loss - - - - - - - - Total $ 130,184 $ 18,420 $ 32,346 $ 132,626 $ 67,458 $ 51,092 $ 60,843 $ 492,969 December 31, 2020 Pass $ 130,054 $ 16,925 $ 25,018 $ 131,822 $ 81,452 $ 52,869 $ 63,919 $ 502,059 Special Mention - 315 - 2,289 284 - 10 2,898 Substandard 642 124 - 1,218 73 408 51 2,516 Doubtful 1,154 97 - 155 - - - 1,406 Loss - - - - - - - - Total $ 131,850 $ 17,461 $ 25,018 $ 135,484 $ 81,809 $ 53,277 $ 63,980 $ 508,879 |
Schedule of Troubled Debt Restructurings by Accrual Status [Table Text Block] | June 30, 2021 December 31, 2020 Related Related Allowance Allowance Accruing Nonaccrual Total for Loan Losses Accruing Nonaccrual Total for Loan Losses (In thousands) Troubled debt restructurings: Residential real estate $ 548 $ - $ 548 $ - $ 556 $ - $ 556 $ - Commercial real estate 603 - 603 - 621 - 621 - Commercial business 189 - 189 - 210 - 210 - Home equity and second mortgage 48 288 336 7 345 - 345 - Total $ 1,388 $ 288 $ 1,676 $ 7 $ 1,732 $ - $ 1,732 $ - |
Schedule of Purchased Credit Impaired Loans [Table Text Block] | June 30, December 31, (In thousands) 2021 2020 Residential real estate $ 272 $ 271 Commercial real estate 21 26 Carrying amount 293 297 Allowance for loan losses 30 31 Carrying amount, net of allowance $ 263 $ 266 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Table Text Block] | Three Months Ended Six Months Ended 6/30/2021 6/30/2020 6/30/2021 6/30/2020 Balance at beginning of period $ 303 $ 375 $ 316 $ 403 New loans purchased - - - - Accretion to income (8 ) (11 ) (16 ) (22 ) Disposals and other adjustments - - - - Reclassification (to) from nonaccretable difference (2 ) (6 ) (7 ) (23 ) Balance at end of period $ 293 $ 358 $ 293 $ 358 |
Financing Receivable [Member] | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 129,619 $ 18,322 $ 32,297 $ 132,379 $ 68,208 $ 49,817 $ 60,624 $ 491,266 Accrued interest receivable 447 83 64 309 303 158 218 1,582 Net deferred loan origination fees and costs 118 15 (15 ) (62 ) (1,053 ) 1,117 1 121 Recorded investment in loans $ 130,184 $ 18,420 $ 32,346 $ 132,626 $ 67,458 $ 51,092 $ 60,843 $ 492,969 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,659 $ 151 $ - $ 740 $ 190 $ 398 $ - $ 3,138 Collectively evaluated for impairment 128,253 18,269 32,346 131,865 67,268 50,694 60,843 489,538 Acquired with deteriorated credit quality 272 - - 21 - - - 293 Ending balance $ 130,184 $ 18,420 $ 32,346 $ 132,626 $ 67,458 $ 51,092 $ 60,843 $ 492,969 Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 131,217 $ 17,328 $ 24,969 $ 135,114 $ 82,274 $ 52,001 $ 63,736 $ 506,639 Accrued interest receivable 513 116 61 435 378 176 244 1,923 Net deferred loan origination fees and costs 120 17 (12 ) (65 ) (843 ) 1,100 - 317 Recorded investment in loans $ 131,850 $ 17,461 $ 25,018 $ 135,484 $ 81,809 $ 53,277 $ 63,980 $ 508,879 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,728 $ 97 $ - $ 779 $ 211 $ 353 $ - $ 3,168 Collectively evaluated for impairment 129,851 17,364 25,018 134,679 81,598 52,924 63,980 505,414 Acquired with deteriorated credit quality 271 - - 26 - - - 297 Ending balance $ 131,850 $ 17,461 $ 25,018 $ 135,484 $ 81,809 $ 53,277 $ 63,980 $ 508,879 |
Note 5 - Supplemental Disclos_2
Note 5 - Supplemental Disclosure for Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended 6/30/2021 6/30/2020 6/30/2021 6/30/2020 (Dollars in thousands, except for share and per share data) Basic Earnings: Net income attributable to First Capital, Inc. $ 2,730 $ 2,438 $ 5,669 $ 4,532 Shares: Weighted average common shares outstanding 3,342,432 3,336,573 3,342,462 3,336,516 Net income attributable to First Capital, Inc. per common share, basic $ 0.82 $ 0.73 $ 1.70 $ 1.36 Diluted Earnings: Net income attributable to First Capital, Inc. $ 2,730 $ 2,438 $ 5,669 $ 4,532 Shares: Weighted average common shares outstanding 3,342,432 3,336,573 3,342,462 3,336,516 Add: Dilutive effect of restricted stock 2,927 11,298 4,162 12,563 Weighted average common shares outstanding, as adjusted 3,345,359 3,347,871 3,346,624 3,349,079 Net income attributable to First Capital, Inc. per common share, diluted $ 0.82 $ 0.73 $ 1.69 $ 1.35 |
Note 6 - Stock-based Compensa_2
Note 6 - Stock-based Compensation Plans (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Weighted Number Average of Grant Date Shares Fair Value Nonvested at January 1, 2021 32,650 $ 53.93 Granted - - Vested - - Forfeited - - Nonvested at June 30, 2021 32,650 $ 53.93 |
Note 7 - Supplemental Disclos_2
Note 7 - Supplemental Disclosures of Cash Flow Information (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Six Months Ended June 30 , 2021 2020 ( In thousands Cash payments for: $ 609 $ 895 Interest 1,309 - Taxes (net of refunds received) Noncash investing activities: Transfers from loans to real estate acquired through foreclosure 110 58 |
Note 8 - Fair Value Measureme_2
Note 8 - Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | Carrying Value (In thousands) Level 1 Level 2 Level 3 Total June 30, 2021 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 86,975 $ - $ 86,975 Agency CMO - 11,614 - 11,614 Agency notes and bonds - 109,551 - 109,551 Municipal obligations - 145,342 - 145,342 Total securities available for sale $ - $ 353,482 $ - $ 353,482 Equity securities $ 1,979 $ - $ - 1,979 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ - $ - $ 1,659 $ 1,659 Land - - 146 146 Commercial real estate - - 740 740 Commercial business - - 190 190 Home equity and second mortgage - - 391 391 Total impaired loans $ - $ - $ 3,126 $ 3,126 Loans held for sale $ - $ 5,353 $ - $ 5,353 Foreclosed real estate: Residential real estate $ - $ - $ 110 $ 110 Total foreclosed real estate $ - $ - $ 110 $ 110 December 31, 2020 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 61,359 $ - $ 61,359 Agency CMO - 21,030 - 21,030 Agency notes and bonds - 81,531 - 81,531 Municipal obligations - 119,582 - 119,582 Total securities available for sale $ - $ 283,502 $ - $ 283,502 Equity securities $ 1,553 $ - $ - 1,553 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ - $ - $ 1,728 $ 1,728 Land - - 97 97 Commercial real estate - - 779 779 Commercial business - - 211 211 Home equity and second mortgage - - 353 353 Total impaired loans $ - $ - $ 3,168 $ 3,168 Loans held for sale $ - $ 7,941 $ - $ 7,941 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Fair Value Measurements Using (In thousands) Value Value Level 1 Level 2 Level 3 June 30, 2021: Financial assets: Cash and cash equivalents $ 183,996 $ 183,996 $ 183,996 $ - $ - Interest-bearing time deposits 6,193 6,399 - 6,399 - Securities available for sale 353,482 353,482 - 353,482 - Securities held to maturity 2,000 2,025 - 2,025 - Loans held for sale 5,353 5,465 - 5,465 - Loans, net 484,750 488,324 - - 488,324 FHLB and other restricted stock 1,988 N/A N/A N/A N/A Accrued interest receivable 3,315 3,315 - 3,315 - Equity securities (included in other assets) 1,979 1,979 1,979 - - Financial liabilities: Deposits 961,581 961,833 - - 961,833 Accrued interest payable 121 121 - 121 - December 31, 2020: Financial assets: Cash and cash equivalents $ 175,888 $ 175,888 $ 175,888 $ - $ - Interest-bearing time deposits 6,396 6,687 - 6,687 - Securities available for sale 283,502 283,502 - 283,502 - Loans held for sale 7,941 8,101 - 8,101 - Loans, net 500,331 506,207 - - 506,207 FHLB and other restricted stock 1,988 N/A N/A N/A N/A Accrued interest receivable 3,434 3,434 - 3,434 - Equity securities (included in other assets) 1,553 1,553 1,553 - - Financial liabilities: Deposits 900,461 901,073 - - 901,073 Accrued interest payable 153 153 - 153 - |
Note 9 - Revenue From Contrac_2
Note 9 - Revenue From Contracts With Customers (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Service charges on deposit accounts $ 424 $ 322 $ 834 $ 828 ATM and debit card fees 1,050 876 2,018 1,641 Investment advisory income 87 79 169 192 Other 31 30 63 64 Revenue from contracts with customers 1,592 1,307 3,084 2,725 Net gains on loans and investments 854 915 1,731 880 Increase in cash value of life insurance 71 70 118 117 Other 35 28 57 54 Other noninterest income 960 1,013 1,906 1,051 Total noninterest income $ 2,552 $ 2,320 $ 4,990 $ 3,776 |
Note 1 - Presentation of Inte_2
Note 1 - Presentation of Interim Information (Details Textual) - USD ($) | Jul. 23, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 |
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | $ 121,000 | $ 121,000 | $ 317,000 | |||
Interest and Fee Income, Loans and Leases, Total | 5,746,000 | $ 6,095,000 | 11,819,000 | $ 12,371,000 | ||
SBA CARES Act Paycheck Protection Program [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss, Total | 62,400,000 | 62,400,000 | ||||
Interest and Fee Income, Loans and Leases, Total | 336,000 | 961,000 | ||||
SBA CARES Act Paycheck Protection Program [Member] | Subsequent Event [Member] | ||||||
Proceeds from Collection of Notes Receivable | $ 41,700,000 | |||||
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | $ 1,100,000 | |||||
SBA CARES Act Paycheck Protection Program [Member] | Second Draw Loans [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss, Total | $ 16,500,000 | $ 16,500,000 |
Note 2 - Investment Securitie_2
Note 2 - Investment Securities (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | |||
Sep. 30, 2018 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Available-for-Sale, Securities in Unrealized Loss Positions, Depreciation from Amortized Cost Percentage | 0.90% | 0.90% | ||||
Debt Securities, Available-for-sale, Realized Gain | $ 12,000 | |||||
Debt Securities, Available-for-sale, Realized Loss | 5,000 | |||||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 0 | $ 0 | 1,798,000 | $ 0 | ||
Investment, Number of Shares Acquired (in shares) | 90,000 | |||||
Investment Ownership Percentage | 5.00% | |||||
Payments to Acquire Other Investments | $ 1,900,000 | |||||
Equity Securities, FV-NI, Unrealized Gain | 193,000 | $ 223,000 | 427,000 | |||
Equity Securities, FV-NI, Unrealized Loss | $ 171,000 | |||||
Equity Securities, FV-NI, Current | $ 2,000,000 | $ 2,000,000 | $ 1,600,000 |
Note 2 - Investment Securitie_3
Note 2 - Investment Securities - Investment Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Securities available for sale, amortized cost | $ 347,738 | $ 274,709 |
Securities available for sale, gross unrealized gains | 7,039 | 8,830 |
Securities available for sale, gross unrealized losses | 1,295 | 37 |
Securities available for sale, fair value | 353,482 | 283,502 |
Securities held to maturity, amortized cost | 2,000 | 0 |
Securities held to maturity, gross unrealized gains | 25 | |
Securities held to maturity, gross unrealized losses | 0 | |
Securities held to maturity, fair value | 2,025 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale, amortized cost | 86,206 | 59,997 |
Securities available for sale, gross unrealized gains | 960 | 1,362 |
Securities available for sale, gross unrealized losses | 191 | 0 |
Securities available for sale, fair value | 86,975 | 61,359 |
Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale, amortized cost | 11,407 | 20,842 |
Securities available for sale, gross unrealized gains | 218 | 218 |
Securities available for sale, gross unrealized losses | 11 | 30 |
Securities available for sale, fair value | 11,614 | 21,030 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, amortized cost | 109,489 | 80,359 |
Securities available for sale, gross unrealized gains | 798 | 1,175 |
Securities available for sale, gross unrealized losses | 736 | 3 |
Securities available for sale, fair value | 109,551 | 81,531 |
Municipal Notes [Member] | ||
Securities available for sale, amortized cost | 140,636 | 113,511 |
Securities available for sale, gross unrealized gains | 5,063 | 6,075 |
Securities available for sale, gross unrealized losses | 357 | 4 |
Securities available for sale, fair value | 145,342 | $ 119,582 |
Corporate Note Securities [Member] | ||
Securities held to maturity, amortized cost | 2,000 | |
Securities held to maturity, gross unrealized gains | 25 | |
Securities held to maturity, gross unrealized losses | 0 | |
Securities held to maturity, fair value | $ 2,025 |
Note 2 - Investment Securitie_4
Note 2 - Investment Securities - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Securities available for sale, amortized cost, due in one year or less | $ 2,499 | |
Securities available for sale, fair value, due in one year or less | 2,521 | |
Securities held to maturity, amortized cost, due in one year or less | 0 | |
Securities held to maturity, fair value, due in one year or less | 0 | |
Securities available for sale, amortized cost, due after one year through five years | 100,545 | |
Securities available for sale, fair value, due after one year through five years | 101,059 | |
Securities held to maturity, amortized cost, due after one year through five years | 0 | |
Securities held to maturity, fair value, due after one year through five years | 0 | |
Securities available for sale, amortized cost, due after five years through ten years | 62,222 | |
Securities available for sale, fair value, due after five years through ten years | 63,681 | |
Securities held to maturity, amortized cost, due after five years through ten years | 0 | |
Securities held to maturity, fair value, due after five years through ten years | 0 | |
Securities available for sale, amortized cost, due after ten years | 84,859 | |
Securities available for sale, fair value, due after ten years | 87,632 | |
Securities held to maturity, amortized cost, due after ten years | 2,000 | |
Securities held to maturity, fair value, due after ten years | 2,025 | |
Securities available for sale, amortized cost, single maturity | 250,125 | |
Securities available for sale, fair value, single maturity | 254,893 | |
Securities held to maturity, amortized cost, single maturity | 2,000 | |
Securities held to maturity, fair value, single maturity | 2,025 | |
Mortgage-backed securities and CMO, available for sale, amortized cost | 97,613 | |
Mortgage-backed securities and CMO, available for sale, fair value | 98,589 | |
Mortgage-backed securities and CMO, held to maturity, amortized cost | 0 | |
Mortgage-backed securities and CMO, held to maturity, fair value | 0 | |
Securities available for sale, amortized cost | 347,738 | $ 274,709 |
Securities available for sale, fair value | 353,482 | 283,502 |
Securities held to maturity, amortized cost | 2,000 | $ 0 |
Securities held to maturity, fair value | $ 2,025 |
Note 2 - Investment Securitie_5
Note 2 - Investment Securities - Investment Securities Available for Sale (Details) $ in Thousands | Jun. 30, 2021USD ($) | Dec. 31, 2020USD ($) |
Number of investment positions - less than twelve months | 84 | 16 |
Fair value - less than twelve months | $ 142,778 | $ 13,489 |
Gross unrealized losses - less than twelve months | $ 1,295 | $ 25 |
Number of investment positions | 84 | 20 |
Fair value | $ 142,778 | $ 15,078 |
Gross unrealized losses | $ 1,295 | $ 37 |
Number of investment positions - more than twelve months | 4 | |
Fair value - more than twelve months | $ 1,589 | |
Gross unrealized losses - more than twelve months | $ 12 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Number of investment positions - less than twelve months | 11 | |
Fair value - less than twelve months | $ 28,118 | |
Gross unrealized losses - less than twelve months | $ 191 | |
Agency Collateralized Mortgage Obligations [Member] | ||
Number of investment positions - less than twelve months | 4 | 12 |
Fair value - less than twelve months | $ 1,112 | $ 6,189 |
Gross unrealized losses - less than twelve months | $ 11 | $ 18 |
Number of investment positions - more than twelve months | 4 | |
Fair value - more than twelve months | $ 1,589 | |
Gross unrealized losses - more than twelve months | $ 12 | |
US Government Agencies Debt Securities [Member] | ||
Number of investment positions - less than twelve months | 28 | 2 |
Fair value - less than twelve months | $ 85,013 | $ 5,997 |
Gross unrealized losses - less than twelve months | $ 736 | $ 3 |
US States and Political Subdivisions Debt Securities [Member] | ||
Number of investment positions - less than twelve months | 2 | |
Fair value - less than twelve months | $ 1,303 | |
Gross unrealized losses - less than twelve months | $ 4 | |
Municipal Notes [Member] | ||
Number of investment positions - less than twelve months | 41 | |
Fair value - less than twelve months | $ 28,535 | |
Gross unrealized losses - less than twelve months | $ 357 |
Note 3 - Loans and Allowance _3
Note 3 - Loans and Allowance for Loan Losses (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($) | |
Number of Foreclosed Real Estate Properties | 0 | ||||
Mortgage Loans in Process of Foreclosure, Amount | $ 213,000 | $ 213,000 | $ 109,000 | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 520,979,000 | 520,979,000 | 525,818,000 | ||
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | 121,000 | 121,000 | 317,000 | ||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | 6,600,000 | 6,600,000 | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method, Total | 0 | $ 0 | 0 | $ 0 | |
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | $ 0 | 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |||
Financing Receivable, Troubled Debt Restructuring, Premodification and Postmodification | 321,000 | 586,000 | |||
Troubled Debt Restructuring, Principal Charge-offs | $ 0 | 0 | $ 0 | 0 | |
Troubled Debt Restructuring, Specific Allowance | $ 0 | $ 0 | $ 0 | $ 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 1 | 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 290,000 | ||||
Provision for Loan and Lease Losses, Total | $ 0 | $ 825,000 | 75,000 | $ 1,176,000 | |
Financing Receivable, Deferred Payments | 68,100,000 | 68,100,000 | |||
Financing Receivable, Deferred Payments, Resumed | 58,500,000 | 58,500,000 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance, Total | 369,000 | 369,000 | 390,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 30,000 | 30,000 | 31,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Provision for Loan Losses | 2,000 | $ 0 | 1,000 | $ 11,000 | |
Nonaccrual [Member] | |||||
Provision for Loan and Lease Losses, Total | 7,000 | ||||
Overall Qualitative Factor [Member] | |||||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | 6,100,000 | 6,000,000 | |||
Residential Portfolio Segment [Member] | |||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure | 110,000 | ||||
Commercial Portfolio Segment [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income, Total | 68,208,000 | 68,208,000 | 82,274,000 | ||
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | (1,053,000) | (1,053,000) | (843,000) | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 | |||
Provision for Loan and Lease Losses, Total | (32,000) | $ 248,000 | (59,000) | $ 273,000 | |
Commercial Portfolio Segment [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income, Total | 23,400,000 | 23,400,000 | 37,300,000 | ||
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | 1,100,000 | 1,100,000 | 843,000 | ||
Residential Mortgage Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 1 | 2 | |||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income, Total | 49,817,000 | 49,817,000 | 52,001,000 | ||
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | 1,117,000 | 1,117,000 | $ 1,100,000 | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 | |||
Provision for Loan and Lease Losses, Total | $ 3,000 | $ 45,000 | $ 17,000 | $ 79,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 1 |
Note 3 - Loans and Allowance _4
Note 3 - Loans and Allowance for Loan Losses - Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Loans | $ 520,979 | $ 525,818 | ||||
Less undisbursed portion of loans in process | (29,713) | (19,179) | ||||
Principal loan balance | 491,266 | 506,639 | ||||
Deferred loan origination fees and costs, net | 121 | 317 | ||||
Allowance for loan losses | (6,637) | $ (6,628) | (6,625) | $ (6,064) | $ (5,307) | $ (5,061) |
Loans, net | 484,750 | 500,331 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||||
Loans | 129,619 | 131,217 | ||||
Allowance for loan losses | (1,216) | (1,221) | (1,239) | (1,055) | (929) | (867) |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||||||
Loans | 18,322 | 17,328 | ||||
Principal loan balance | 18,322 | 17,328 | ||||
Deferred loan origination fees and costs, net | 15 | 17 | ||||
Allowance for loan losses | (215) | (209) | (209) | (196) | (163) | (163) |
Real Estate Mortgage Portfolio Segment [Member] | Residential Construction [Member] | ||||||
Loans | 52,872 | 39,160 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||||||
Loans | 132,379 | 135,114 | ||||
Principal loan balance | 132,379 | 135,114 | ||||
Deferred loan origination fees and costs, net | (62) | (65) | ||||
Allowance for loan losses | (2,357) | (2,355) | (2,358) | (1,902) | (1,735) | (1,623) |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Construction [Member] | ||||||
Loans | 9,138 | 4,988 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans | 68,208 | 82,274 | ||||
Principal loan balance | 68,208 | 82,274 | ||||
Deferred loan origination fees and costs, net | (1,053) | (843) | ||||
Allowance for loan losses | (784) | (816) | (843) | (868) | (620) | (595) |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||||||
Loans | 49,817 | 52,001 | ||||
Principal loan balance | 49,817 | 52,001 | ||||
Deferred loan origination fees and costs, net | 1,117 | 1,100 | ||||
Allowance for loan losses | (625) | (622) | (617) | (604) | (550) | (515) |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Loans | 43,302 | 43,770 | ||||
Consumer Portfolio Segment [Member] | Loans Secured by Deposits [Member] | ||||||
Loans | 922 | 1,083 | ||||
Consumer Portfolio Segment [Member] | Unsecured Loan [Member] | ||||||
Loans | 2,292 | 2,766 | ||||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||||||
Loans | 14,108 | 16,117 | ||||
Principal loan balance | 60,624 | 63,736 | ||||
Deferred loan origination fees and costs, net | 1 | 0 | ||||
Allowance for loan losses | $ (1,051) | $ (1,057) | $ (1,067) | $ (1,070) | $ (957) | $ (948) |
Note 3 - Loans and Allowance _5
Note 3 - Loans and Allowance for Loan Losses - Recorded Investments in Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Principal loan balance | $ 491,266 | $ 506,639 |
Accrued interest receivable | 1,582 | 1,923 |
Net deferred loan origination fees and costs | 121 | 317 |
Recorded investment in loans | 492,969 | 508,879 |
Individually evaluated for impairment | 3,138 | 3,168 |
Collectively evaluated for impairment | 489,538 | 505,414 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 293 | 297 |
Commercial Portfolio Segment [Member] | ||
Principal loan balance | 68,208 | 82,274 |
Accrued interest receivable | 303 | 378 |
Net deferred loan origination fees and costs | (1,053) | (843) |
Recorded investment in loans | 67,458 | 81,809 |
Individually evaluated for impairment | 190 | 211 |
Collectively evaluated for impairment | 67,268 | 81,598 |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 0 | 0 |
Real Estate Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | ||
Principal loan balance | 129,619 | 131,217 |
Accrued interest receivable | 447 | 513 |
Net deferred loan origination fees and costs | 118 | 120 |
Recorded investment in loans | 130,184 | 131,850 |
Individually evaluated for impairment | 1,659 | 1,728 |
Collectively evaluated for impairment | 128,253 | 129,851 |
Real Estate Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 272 | 271 |
Land Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | ||
Principal loan balance | 18,322 | 17,328 |
Accrued interest receivable | 83 | 116 |
Net deferred loan origination fees and costs | 15 | 17 |
Recorded investment in loans | 18,420 | 17,461 |
Individually evaluated for impairment | 151 | 97 |
Collectively evaluated for impairment | 18,269 | 17,364 |
Land Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 0 | 0 |
Construction Loans [Member] | Real Estate Mortgage Portfolio Segment [Member] | ||
Principal loan balance | 32,297 | 24,969 |
Accrued interest receivable | 64 | 61 |
Net deferred loan origination fees and costs | (15) | (12) |
Recorded investment in loans | 32,346 | 25,018 |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 32,346 | 25,018 |
Construction Loans [Member] | Real Estate Mortgage Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 0 | 0 |
Commercial Real Estate Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | ||
Principal loan balance | 132,379 | 135,114 |
Accrued interest receivable | 309 | 435 |
Net deferred loan origination fees and costs | (62) | (65) |
Recorded investment in loans | 132,626 | 135,484 |
Individually evaluated for impairment | 740 | 779 |
Collectively evaluated for impairment | 131,865 | 134,679 |
Commercial Real Estate Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 21 | 26 |
Home Equity and Second Mortgage [Member] | Consumer Portfolio Segment [Member] | ||
Principal loan balance | 49,817 | 52,001 |
Accrued interest receivable | 158 | 176 |
Net deferred loan origination fees and costs | 1,117 | 1,100 |
Recorded investment in loans | 51,092 | 53,277 |
Individually evaluated for impairment | 398 | 353 |
Collectively evaluated for impairment | 50,694 | 52,924 |
Home Equity and Second Mortgage [Member] | Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 0 | 0 |
Other Consumer Loan [Member] | Consumer Portfolio Segment [Member] | ||
Principal loan balance | 60,624 | 63,736 |
Accrued interest receivable | 218 | 244 |
Net deferred loan origination fees and costs | 1 | 0 |
Recorded investment in loans | 60,843 | 63,980 |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 60,843 | 63,980 |
Other Consumer Loan [Member] | Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | $ 0 | $ 0 |
Note 3 - Loans and Allowance _6
Note 3 - Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Individually evaluated for impairment | $ 12 | $ 12 | $ 0 | ||
Collectively evaluated for impairment | 6,595 | 6,595 | 6,594 | ||
Allowance for loan losses | 6,637 | $ 6,064 | 6,637 | $ 6,064 | 6,625 |
Beginning balance | 6,628 | 5,307 | 6,625 | 5,061 | |
Provisions for loan losses | 0 | 825 | 75 | 1,176 | |
Charge-offs | (58) | (177) | (187) | (336) | |
Recoveries | 67 | 109 | 124 | 163 | |
Provision for Loan and Lease Losses, Total | 0 | 825 | 75 | 1,176 | |
Ending balance | 6,637 | 6,064 | 6,637 | 6,064 | |
Financial Asset Acquired with Credit Deterioration [Member] | |||||
Allowance for loan losses | 30 | 30 | 31 | ||
Beginning balance | 31 | ||||
Ending balance | 30 | 30 | |||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 1,186 | 1,186 | 1,208 | ||
Allowance for loan losses | 1,216 | 1,055 | 1,216 | 1,055 | 1,239 |
Beginning balance | 1,221 | 929 | 1,239 | 867 | |
Provisions for loan losses | (5) | 150 | (19) | 213 | |
Charge-offs | 0 | (71) | (4) | (72) | |
Recoveries | 0 | 47 | 0 | 47 | |
Provision for Loan and Lease Losses, Total | (5) | 150 | (19) | 213 | |
Ending balance | 1,216 | 1,055 | 1,216 | 1,055 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Allowance for loan losses | 30 | 30 | 31 | ||
Beginning balance | 31 | ||||
Ending balance | 30 | 30 | |||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||||
Individually evaluated for impairment | 5 | 5 | 0 | ||
Collectively evaluated for impairment | 210 | 210 | 209 | ||
Allowance for loan losses | 215 | 196 | 215 | 196 | 209 |
Beginning balance | 209 | 163 | 209 | 163 | |
Provisions for loan losses | 6 | 33 | 9 | 33 | |
Charge-offs | 0 | 0 | (3) | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Provision for Loan and Lease Losses, Total | 6 | 33 | 9 | 33 | |
Ending balance | 215 | 196 | 215 | 196 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 389 | 389 | 292 | ||
Allowance for loan losses | 389 | 369 | 389 | 369 | 292 |
Beginning balance | 348 | 353 | 292 | 350 | |
Provisions for loan losses | 41 | 16 | 97 | 19 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Provision for Loan and Lease Losses, Total | 41 | 16 | 97 | 19 | |
Ending balance | 389 | 369 | 389 | 369 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 2,357 | 2,357 | 2,358 | ||
Allowance for loan losses | 2,357 | 1,902 | 2,357 | 1,902 | 2,358 |
Beginning balance | 2,355 | 1,735 | 2,358 | 1,623 | |
Provisions for loan losses | 2 | 167 | (1) | 279 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Provision for Loan and Lease Losses, Total | 2 | 167 | (1) | 279 | |
Ending balance | 2,357 | 1,902 | 2,357 | 1,902 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Commercial Portfolio Segment [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 784 | 784 | 843 | ||
Allowance for loan losses | 784 | 868 | 784 | 868 | 843 |
Beginning balance | 816 | 620 | 843 | 595 | |
Provisions for loan losses | (32) | 248 | (59) | 273 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Provision for Loan and Lease Losses, Total | (32) | 248 | (59) | 273 | |
Ending balance | 784 | 868 | 784 | 868 | |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||||
Individually evaluated for impairment | 7 | 7 | 0 | ||
Collectively evaluated for impairment | 618 | 618 | 617 | ||
Allowance for loan losses | 625 | 604 | 625 | 604 | 617 |
Beginning balance | 622 | 550 | 617 | 515 | |
Provisions for loan losses | 3 | 45 | 17 | 79 | |
Charge-offs | 0 | 0 | (9) | 0 | |
Recoveries | 0 | 9 | 0 | 10 | |
Provision for Loan and Lease Losses, Total | 3 | 45 | 17 | 79 | |
Ending balance | 625 | 604 | 625 | 604 | |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 1,051 | 1,051 | 1,067 | ||
Allowance for loan losses | 1,051 | 1,051 | 1,067 | ||
Beginning balance | 1,067 | ||||
Ending balance | 1,051 | 1,051 | |||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | |||||
Allowance for loan losses | 1,051 | 1,070 | 1,051 | 1,070 | $ 1,067 |
Beginning balance | 1,057 | 957 | 1,067 | 948 | |
Provisions for loan losses | (15) | 166 | 31 | 280 | |
Charge-offs | (58) | (106) | (171) | (264) | |
Recoveries | 67 | 53 | 124 | 106 | |
Provision for Loan and Lease Losses, Total | (15) | 166 | 31 | 280 | |
Ending balance | $ 1,051 | $ 1,070 | $ 1,051 | $ 1,070 |
Note 3 - Loans and Allowance _7
Note 3 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Recorded investment with no allowance | $ 2,798 | $ 2,798 | $ 3,168 | ||
Unpaid principal balance with no allowance | 2,910 | 2,910 | 3,338 | ||
Average recorded investment with no allowance | 2,902 | $ 3,098 | 2,990 | $ 2,917 | |
Interest income recognized with no allowance | 18 | 21 | 35 | 38 | |
Recorded investment with allowance | 340 | 340 | |||
Unpaid principal balance with allowance | 348 | 348 | |||
Related allowance | 12 | 12 | 0 | ||
Average recorded investment with allowance | 316 | 243 | 210 | 225 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 3,138 | 3,138 | 3,168 | ||
Unpaid principal balance | 3,258 | 3,258 | 3,338 | ||
Average recorded investment | 3,218 | 3,341 | 3,200 | 3,142 | |
Interest income recognized | 18 | 21 | 35 | 38 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||||
Recorded investment with no allowance | 1,659 | 1,659 | 1,728 | ||
Unpaid principal balance with no allowance | 1,762 | 1,762 | 1,902 | ||
Average recorded investment with no allowance | 1,769 | 1,622 | 1,755 | 1,660 | |
Interest income recognized with no allowance | 6 | 5 | 12 | 11 | |
Recorded investment with allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Average recorded investment with allowance | 0 | 144 | 0 | 159 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 1,659 | 1,659 | 1,728 | ||
Unpaid principal balance | 1,762 | 1,762 | 1,902 | ||
Average recorded investment | 1,769 | 1,766 | 1,755 | 1,819 | |
Interest income recognized | 6 | 5 | 12 | 11 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||||
Recorded investment with no allowance | 100 | 100 | 97 | ||
Unpaid principal balance with no allowance | 102 | 102 | 97 | ||
Average recorded investment with no allowance | 100 | 99 | 99 | 104 | |
Interest income recognized with no allowance | 0 | 0 | 0 | 0 | |
Recorded investment with allowance | 51 | 51 | 0 | ||
Unpaid principal balance with allowance | 54 | 54 | 0 | ||
Related allowance | 5 | 5 | 0 | ||
Average recorded investment with allowance | 26 | 0 | 17 | 0 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 151 | 151 | 97 | ||
Unpaid principal balance | 156 | 156 | 97 | ||
Average recorded investment | 126 | 99 | 116 | 104 | |
Interest income recognized | 0 | 0 | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | |||||
Recorded investment with no allowance | 0 | 0 | 0 | ||
Unpaid principal balance with no allowance | 0 | 0 | 0 | ||
Average recorded investment with no allowance | 0 | 0 | 0 | 0 | |
Interest income recognized with no allowance | 0 | 0 | 0 | 0 | |
Recorded investment with allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Average recorded investment with allowance | 0 | 0 | 0 | 0 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 0 | 0 | 0 | ||
Unpaid principal balance | 0 | 0 | 0 | ||
Average recorded investment | 0 | 0 | 0 | 0 | |
Interest income recognized | 0 | 0 | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||||
Recorded investment with no allowance | 740 | 740 | 779 | ||
Unpaid principal balance with no allowance | 750 | 750 | 784 | ||
Average recorded investment with no allowance | 750 | 883 | 760 | 706 | |
Interest income recognized with no allowance | 9 | 9 | 17 | 18 | |
Recorded investment with allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Average recorded investment with allowance | 0 | 0 | 0 | 0 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 740 | 740 | 779 | ||
Unpaid principal balance | 750 | 750 | 784 | ||
Average recorded investment | 750 | 883 | 760 | 706 | |
Interest income recognized | 9 | 9 | 17 | 18 | |
Commercial Portfolio Segment [Member] | |||||
Recorded investment with no allowance | 190 | 190 | 211 | ||
Unpaid principal balance with no allowance | 189 | 189 | 210 | ||
Average recorded investment with no allowance | 196 | 265 | 201 | 260 | |
Interest income recognized with no allowance | 2 | 3 | 4 | 4 | |
Recorded investment with allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Average recorded investment with allowance | 0 | 99 | 0 | 66 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 190 | 190 | 211 | ||
Unpaid principal balance | 189 | 189 | 210 | ||
Average recorded investment | 196 | 364 | 201 | 326 | |
Interest income recognized | 2 | 3 | 4 | 4 | |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||||
Recorded investment with no allowance | 109 | 109 | 353 | ||
Unpaid principal balance with no allowance | 107 | 107 | 345 | ||
Average recorded investment with no allowance | 87 | 204 | 175 | 155 | |
Interest income recognized with no allowance | 1 | 4 | 2 | 5 | |
Recorded investment with allowance | 289 | 289 | 0 | ||
Unpaid principal balance with allowance | 294 | 294 | 0 | ||
Related allowance | 7 | 7 | 0 | ||
Average recorded investment with allowance | 290 | 0 | 193 | 0 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 398 | 398 | 353 | ||
Unpaid principal balance | 401 | 401 | 345 | ||
Average recorded investment | 377 | 204 | 368 | 155 | |
Interest income recognized | 1 | 4 | 2 | 5 | |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | |||||
Recorded investment with no allowance | 0 | 0 | 0 | ||
Unpaid principal balance with no allowance | 0 | 0 | 0 | ||
Average recorded investment with no allowance | 0 | 25 | 0 | 32 | |
Interest income recognized with no allowance | 0 | 0 | 0 | 0 | |
Recorded investment with allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Average recorded investment with allowance | 0 | 0 | 0 | 0 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 0 | 0 | 0 | ||
Unpaid principal balance | 0 | 0 | $ 0 | ||
Average recorded investment | 0 | 25 | 0 | 32 | |
Interest income recognized | $ 0 | $ 0 | $ 0 | $ 0 |
Note 3 - Loans and Allowance _8
Note 3 - Loans and Allowance for Loan Losses - Recorded Investment in Nonperforming Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Loans and Leases Receivable, Net of Deferred Income, Total | $ 520,979 | $ 525,818 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 129,619 | 131,217 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 18,322 | 17,328 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 132,379 | 135,114 |
Commercial Portfolio Segment [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 68,208 | 82,274 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 49,817 | 52,001 |
Nonperforming Financial Instruments [Member] | ||
Nonaccrual Loans | 1,726 | 1,406 |
Loans 90+ Days Past Due Still Accruing | 52 | 59 |
Loans and Leases Receivable, Net of Deferred Income, Total | 1,778 | 1,465 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Nonaccrual Loans | 1,092 | 1,154 |
Loans 90+ Days Past Due Still Accruing | 52 | 0 |
Loans and Leases Receivable, Net of Deferred Income, Total | 1,144 | 1,154 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Nonaccrual Loans | 151 | 97 |
Loans 90+ Days Past Due Still Accruing | 0 | 59 |
Loans and Leases Receivable, Net of Deferred Income, Total | 151 | 156 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Nonaccrual Loans | 0 | 0 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 0 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Nonaccrual Loans | 135 | 155 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income, Total | 135 | 155 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Nonaccrual Loans | 0 | 0 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 0 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Nonaccrual Loans | 348 | 0 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income, Total | 348 | 0 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Nonaccrual Loans | 0 | 0 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income, Total | $ 0 | $ 0 |
Note 3 - Loans and Allowance _9
Note 3 - Loans and Allowance for Loan Losses - Aging of Recorded Investment in Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Loans | $ 492,969 | $ 508,879 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 293 | 297 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 130,184 | 131,850 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 272 | 271 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 18,420 | 17,461 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 32,346 | 25,018 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans | 132,626 | 135,484 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 21 | 26 |
Commercial Portfolio Segment [Member] | ||
Loans | 67,458 | 81,809 |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 51,092 | 53,277 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | 60,843 | 63,980 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans | 1,670 | 2,295 |
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 912 | 1,672 |
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 256 | 130 |
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans | 0 | 155 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 342 | 53 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | 160 | 285 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans | 64 | 695 |
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 20 | 227 |
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 0 | 65 |
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 0 | 302 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | 44 | 101 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans | 1,002 | 882 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 845 | 726 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 97 | 156 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 60 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | 0 | 0 |
Financial Asset, Past Due [Member] | ||
Loans | 2,736 | 3,872 |
Financial Asset, Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 1,777 | 2,625 |
Financial Asset, Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 353 | 351 |
Financial Asset, Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 0 | 0 |
Financial Asset, Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans | 0 | 155 |
Financial Asset, Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 0 | 0 |
Financial Asset, Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 402 | 355 |
Financial Asset, Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | 204 | 386 |
Financial Asset, Not Past Due [Member] | ||
Loans | 489,940 | 504,710 |
Financial Asset, Not Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 128,135 | 128,954 |
Financial Asset, Not Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 18,067 | 17,110 |
Financial Asset, Not Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 32,346 | 25,018 |
Financial Asset, Not Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans | 132,605 | 135,303 |
Financial Asset, Not Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 67,458 | 81,809 |
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 50,690 | 52,922 |
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | $ 60,639 | $ 63,594 |
Note 3 - Loans and Allowance_10
Note 3 - Loans and Allowance for Loan Losses - Recorded Investment in Loans by Risk Category (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Loans | $ 492,969 | $ 508,879 |
Pass [Member] | ||
Loans | 486,418 | 502,059 |
Special Mention [Member] | ||
Loans | 2,489 | 2,898 |
Substandard [Member] | ||
Loans | 2,336 | 2,516 |
Doubtful [Member] | ||
Loans | 1,726 | 1,406 |
Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 130,184 | 131,850 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Pass [Member] | ||
Loans | 128,452 | 130,054 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Special Mention [Member] | ||
Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Substandard [Member] | ||
Loans | 640 | 642 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Doubtful [Member] | ||
Loans | 1,092 | 1,154 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 18,420 | 17,461 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Pass [Member] | ||
Loans | 18,144 | 16,925 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Special Mention [Member] | ||
Loans | 62 | 315 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Substandard [Member] | ||
Loans | 63 | 124 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Doubtful [Member] | ||
Loans | 151 | 97 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 32,346 | 25,018 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Loans | 32,266 | 25,018 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Loans | 80 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans | 132,626 | 135,484 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Pass [Member] | ||
Loans | 129,097 | 131,822 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Special Mention [Member] | ||
Loans | 2,146 | 2,289 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Substandard [Member] | ||
Loans | 1,248 | 1,218 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Doubtful [Member] | ||
Loans | 135 | 155 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Loans | 67,458 | 81,809 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loans | 66,872 | 81,452 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | 281 | 284 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 305 | 73 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 51,092 | 53,277 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Pass [Member] | ||
Loans | 50,744 | 52,869 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Special Mention [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Substandard [Member] | ||
Loans | 0 | 408 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Doubtful [Member] | ||
Loans | 348 | 0 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | 60,843 | 63,980 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Pass [Member] | ||
Loans | 60,843 | 63,919 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Special Mention [Member] | ||
Loans | 0 | 10 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Substandard [Member] | ||
Loans | 0 | 51 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Doubtful [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | $ 0 | $ 0 |
Note 3 - Loans and Allowance_11
Note 3 - Loans and Allowance for Loan Losses - Troubled Debt Restructuring by Accrual Status (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Recorded investment in loans | $ 492,969 | $ 508,879 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Recorded investment in loans | 130,184 | 131,850 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Recorded investment in loans | 132,626 | 135,484 |
Commercial Portfolio Segment [Member] | ||
Recorded investment in loans | 67,458 | 81,809 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Recorded investment in loans | 51,092 | 53,277 |
Nonperforming Financial Instruments [Member] | ||
TDR accruing | 1,388 | 1,732 |
TDR nonaccrual | 288 | 0 |
Recorded investment in loans | 1,676 | 1,732 |
TDR related allowance for loan losses | 7 | 0 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
TDR accruing | 548 | 556 |
TDR nonaccrual | 0 | 0 |
Recorded investment in loans | 548 | 556 |
TDR related allowance for loan losses | 0 | 0 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
TDR accruing | 603 | 621 |
TDR nonaccrual | 0 | 0 |
Recorded investment in loans | 603 | 621 |
TDR related allowance for loan losses | 0 | 0 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
TDR accruing | 189 | 210 |
TDR nonaccrual | 0 | 0 |
Recorded investment in loans | 189 | 210 |
TDR related allowance for loan losses | 0 | 0 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
TDR accruing | 48 | 345 |
TDR nonaccrual | 288 | 0 |
Recorded investment in loans | 336 | 345 |
TDR related allowance for loan losses | $ 7 | $ 0 |
Note 3 - Loans and Allowance_12
Note 3 - Loans and Allowance for Loan Losses - Summary of PCI Loans (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Carrying amount | $ 293,000 | $ 297,000 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 30,000 | 31,000 |
Carrying amount, net of allowance | 263,000 | 266,000 |
Residential Mortgage Segment [Member] | Residential Loan [Member] | ||
Carrying amount | 272,000 | 271,000 |
Residential Mortgage Segment [Member] | Commercial Real Estate Loan [Member] | ||
Carrying amount | $ 21,000 | $ 26,000 |
Note 3 - Loans and Allowance_13
Note 3 - Loans and Allowance for Loan Losses - Accretable Yield, or Income Expected to be Collected (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Balance at beginning of period | $ 303 | $ 375 | $ 316 | $ 403 |
New loans purchased | 0 | 0 | 0 | 0 |
Accretion to income | (8) | (11) | (16) | (22) |
Disposals and other adjustments | 0 | 0 | 0 | 0 |
Reclassification (to) from nonaccretable difference | (2) | (6) | (7) | (23) |
Balance at end of period | $ 293 | $ 358 | $ 293 | $ 358 |
Note 4 - Qualified Affordable_2
Note 4 - Qualified Affordable Housing Project Investment (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Amortization Method Qualified Affordable Housing Project Investments, Amortization | $ 89,000 | $ 86,000 | $ 177,000 | $ 182,000 | |
Affordable Housing Tax Credits and Other Tax Benefits, Amount | 106,000 | $ 109,000 | 211,000 | $ 220,000 | |
Other Assets [Member] | |||||
Investments, Total | 2,700,000 | 2,700,000 | $ 2,900,000 | ||
Other Liabilities [Member] | |||||
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | $ 396,000 | $ 396,000 | $ 496,000 |
Note 5 - Supplemental Disclos_3
Note 5 - Supplemental Disclosure for Earnings Per Share (Details Textual) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Restricted Stock [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 0 | 0 | 0 | 0 |
Note 5 - Supplemental Disclos_4
Note 5 - Supplemental Disclosure for Earnings Per Share - Supplemental Disclosure for Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Net income attributable to First Capital, Inc. | $ 2,730 | $ 2,438 | $ 5,669 | $ 4,532 |
Weighted average common shares outstanding (in shares) | 3,342,432 | 3,336,573 | 3,342,462 | 3,336,516 |
Net income attributable to First Capital, Inc. per common share, basic (in dollars per share) | $ 0.82 | $ 0.73 | $ 1.70 | $ 1.36 |
Net income attributable to First Capital, Inc. | $ 2,730 | $ 2,438 | $ 5,669 | $ 4,532 |
Weighted average common shares outstanding (in shares) | 3,342,432 | 3,336,573 | 3,342,462 | 3,336,516 |
Add: Dilutive effect of restricted stock (in shares) | 2,927 | 11,298 | 4,162 | 12,563 |
Weighted average common shares outstanding, as adjusted (in shares) | 3,345,359 | 3,347,871 | 3,346,624 | 3,349,079 |
Net income attributable to First Capital, Inc. per common share, diluted (in dollars per share) | $ 0.82 | $ 0.73 | $ 1.69 | $ 1.35 |
Note 6 - Stock-based Compensa_3
Note 6 - Stock-based Compensation Plans (Details Textual) - USD ($) | Feb. 18, 2020 | May 22, 2019 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | May 20, 2019 | May 20, 2009 |
Restricted Stock [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 0 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 0 | |||||||
Share-based Payment Arrangement, Expense | $ 115,000 | $ 104,000 | $ 230,000 | $ 197,000 | ||||
Share-based Payment Arrangement, Expense, Tax Benefit | 28,000 | $ 25,000 | $ 55,000 | $ 53,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 0 | 750 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 54,000 | |||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 1,300,000 | $ 1,300,000 | ||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 3 years 1 month 6 days | |||||||
Restricted Stock [Member] | Officers, Directors and Key Employees [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 14,250 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 67.43 | |||||||
Stock Issued During Period, Value, Restricted Stock Award, Gross | $ 961,000 | |||||||
Restricted Stock [Member] | Officers, Directors and Key Employees [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||
Equity Incentive Plan 2009 [Member] | Common Stock [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 223,000 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 176,150 | |||||||
Equity Incentive Plan 2019 [Member] | ||||||||
Maximum Fair Value of First Exercisable Stock Incentive Options | $ 100,000 | |||||||
Equity Incentive Plan 2019 [Member] | Common Stock [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 176,150 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 161,900 | 161,900 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||||
Equity Incentive Plans [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 0 |
Note 6 - Stock-based Compensa_4
Note 6 - Stock-based Compensation Plans - Summary of Nonvested Restricted Shares (Details) - Restricted Stock [Member] - $ / shares | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Nonvested, number of shares (in shares) | 32,650 | |
Nonvested, weight average grant date fair value (in dollars per share) | $ 53.93 | |
Granted, number of shares (in shares) | 0 | |
Granted, weight average grant date fair value (in dollars per share) | $ 0 | |
Vested, number of shares (in shares) | 0 | (750) |
Vested, weight average grant date fair value (in dollars per share) | $ 0 | |
Forfeited, number of shares (in shares) | 0 | |
Forfeited, weight average grant date fair value (in dollars per share) | $ 0 | |
Nonvested, number of shares (in shares) | 32,650 | |
Nonvested, weight average grant date fair value (in dollars per share) | $ 53.93 |
Note 7 - Supplemental Disclos_3
Note 7 - Supplemental Disclosures of Cash Flow Information - Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Interest | $ 1,309 | $ 0 |
Transfers from loans to real estate acquired through foreclosure | $ 110 | $ 58 |
Note 8 - Fair Value Measureme_3
Note 8 - Fair Value Measurements (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($) | |
Financial and Nonfinancial Liabilities, Fair Value Disclosure | $ 0 | $ 0 | $ 0 | ||
Provision for Loan and Lease Losses, Total | 0 | $ 825,000 | 75,000 | $ 1,176,000 | |
Number of Foreclosed Real Estate Properties | 0 | ||||
Impaired Loan [Member] | |||||
Provision for Loan and Lease Losses, Total | 3,000 | 168,000 | 12,000 | 167,000 | |
Foreclosed Real Estate [Member] | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Write-down or Reserve, Amount | $ 0 | $ 0 | $ 0 | $ 0 | |
Fair Value, Inputs, Level 3 [Member] | Measurement Input, Discount Rate [Member] | |||||
Other Real Estate Owned, Measurement Input | 0.16 | 0.16 | |||
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Minimum [Member] | |||||
Fair Value Inputs, Estimated Selling Costs | 10.00% | 10.00% | |||
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Maximum [Member] | |||||
Fair Value Inputs, Estimated Selling Costs | 57.00% | 66.00% | |||
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Weighted Average [Member] | |||||
Fair Value Inputs, Estimated Selling Costs | 21.00% | 27.00% |
Note 8 - Fair Value Measureme_4
Note 8 - Fair Value Measurements - Assets Measured at Fair Value on Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Securities available for sale | $ 353,482 | $ 283,502 |
Equity securities | 2,000 | 1,600 |
Fair Value, Recurring [Member] | ||
Securities available for sale | 353,482 | 283,502 |
Equity securities | 1,979 | 1,553 |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 86,975 | 61,359 |
Fair Value, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 11,614 | 21,030 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 109,551 | 81,531 |
Fair Value, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | 145,342 | 119,582 |
Fair Value, Nonrecurring [Member] | ||
Impaired loans | 3,126 | 3,168 |
Loans held for sale | 5,353 | 7,941 |
Foreclosed real estate | 110 | |
Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | 1,659 | 1,728 |
Foreclosed real estate | 110 | |
Fair Value, Nonrecurring [Member] | Land Segment [Member] | ||
Impaired loans | 146 | 97 |
Fair Value, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | ||
Impaired loans | 740 | 779 |
Fair Value, Nonrecurring [Member] | Commercial Business Segment [Member] | ||
Impaired loans | 190 | 211 |
Fair Value, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | 391 | 353 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Securities available for sale | 0 | 0 |
Equity securities | 1,979 | 1,553 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | ||
Impaired loans | 0 | 0 |
Loans held for sale | 0 | 0 |
Foreclosed real estate | 0 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | 0 | 0 |
Foreclosed real estate | 0 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | Land Segment [Member] | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | Commercial Business Segment [Member] | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Securities available for sale | 353,482 | 283,502 |
Equity securities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 86,975 | 61,359 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 11,614 | 21,030 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 109,551 | 81,531 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | 145,342 | 119,582 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | ||
Impaired loans | 0 | 0 |
Loans held for sale | 5,353 | 7,941 |
Foreclosed real estate | 0 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | 0 | 0 |
Foreclosed real estate | 0 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | Land Segment [Member] | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | Commercial Business Segment [Member] | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Securities available for sale | 0 | 0 |
Equity securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | ||
Impaired loans | 3,126 | 3,168 |
Loans held for sale | 0 | 0 |
Foreclosed real estate | 110 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | 1,659 | 1,728 |
Foreclosed real estate | 110 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Land Segment [Member] | ||
Impaired loans | 146 | 97 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | ||
Impaired loans | 740 | 779 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Commercial Business Segment [Member] | ||
Impaired loans | 190 | 211 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | $ 391 | $ 353 |
Note 8 - Fair Value Measureme_5
Note 8 - Fair Value Measurements - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Securities available for sale | $ 353,482 | $ 283,502 |
Securities held to maturity | 2,025 | |
Equity Securities, FV-NI, Current | 2,000 | 1,600 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 183,996 | 175,888 |
Interest-bearing time deposits | 6,193 | 6,396 |
Securities available for sale | 353,482 | 283,502 |
Securities held to maturity | 2,000 | |
Loans held for sale | 5,353 | 7,941 |
Loans, net | 484,750 | 500,331 |
FHLB and other restricted stock | 1,988 | 1,988 |
Accrued interest receivable | 3,315 | 3,434 |
Equity Securities, FV-NI, Current | 1,979 | 1,553 |
Deposits | 961,581 | 900,461 |
Accrued interest payable | 121 | 153 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 183,996 | 175,888 |
Interest-bearing time deposits | 6,399 | 6,687 |
Securities available for sale | 353,482 | 283,502 |
Securities held to maturity | 2,025 | |
Loans held for sale | 5,465 | 8,101 |
Loans, net | 488,324 | 506,207 |
Accrued interest receivable | 3,315 | 3,434 |
Equity Securities, FV-NI, Current | 1,979 | 1,553 |
Deposits | 961,833 | 901,073 |
Accrued interest payable | 121 | 153 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 183,996 | 175,888 |
Interest-bearing time deposits | 0 | 0 |
Securities available for sale | 0 | 0 |
Securities held to maturity | 0 | |
Loans held for sale | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Equity Securities, FV-NI, Current | 1,979 | 1,553 |
Deposits | 0 | 0 |
Accrued interest payable | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | 0 | 0 |
Interest-bearing time deposits | 6,399 | 6,687 |
Securities available for sale | 353,482 | 283,502 |
Securities held to maturity | 2,025 | |
Loans held for sale | 5,465 | 8,101 |
Loans, net | 0 | 0 |
Accrued interest receivable | 3,315 | 3,434 |
Equity Securities, FV-NI, Current | 0 | 0 |
Deposits | 0 | 0 |
Accrued interest payable | 121 | 153 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | 0 | 0 |
Interest-bearing time deposits | 0 | 0 |
Securities available for sale | 0 | 0 |
Securities held to maturity | 0 | |
Loans held for sale | 0 | 0 |
Loans, net | 488,324 | 506,207 |
Accrued interest receivable | 0 | 0 |
Equity Securities, FV-NI, Current | 0 | 0 |
Deposits | 961,833 | 901,073 |
Accrued interest payable | $ 0 | $ 0 |
Note 9 - Revenue From Contrac_3
Note 9 - Revenue From Contracts With Customers - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Noninterest income, financial service | $ 1,592 | $ 1,307 | $ 3,084 | $ 2,725 |
Net gains on loans and investments | 854 | 915 | 1,731 | 880 |
Increase in cash value of life insurance | 71 | 70 | 118 | 117 |
Other | 35 | 28 | 57 | 54 |
Other noninterest income | 960 | 1,013 | 1,906 | 1,051 |
Total noninterest income | 2,552 | 2,320 | 4,990 | 3,776 |
Deposit Account [Member] | ||||
Noninterest income, financial service | 424 | 322 | 834 | 828 |
ATM and Debit Card Fees [Member] | ||||
Noninterest income, financial service | 1,050 | 876 | 2,018 | 1,641 |
Investment Advisory, Management and Administrative Service [Member] | ||||
Noninterest income, financial service | 87 | 79 | 169 | 192 |
Product and Service, Other [Member] | ||||
Noninterest income, financial service | $ 31 | $ 30 | $ 63 | $ 64 |