Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2022 | Oct. 24, 2022 | |
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 | Q3 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2022 | |
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 $0.01 per share | |
Trading Symbol | FCAP | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 3,371,362 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Currrent Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
ASSETS | ||
Cash and due from banks | $ 19,985 | $ 23,497 |
Interest bearing deposits with banks | 3,575 | 3,937 |
Federal funds sold | 60,226 | 145,075 |
Total cash and cash equivalents | 83,786 | 172,509 |
Interest-bearing time deposits | 2,454 | 4,839 |
Securities available for sale, at fair value | 455,279 | 447,335 |
Securities held to maturity | 7,000 | 2,000 |
Loans, net | 541,593 | 483,287 |
Loans held for sale | 1,312 | 2,413 |
Federal Home Loan Bank and other stock, at cost | 1,836 | 1,988 |
Foreclosed real estate | 0 | 36 |
Premises and equipment | 14,801 | 15,177 |
Accrued interest receivable | 3,714 | 3,430 |
Cash value of life insurance | 8,855 | 8,698 |
Goodwill | 6,472 | 6,472 |
Core deposit intangible | 416 | 526 |
Other assets | 19,333 | 7,893 |
Total Assets | 1,146,851 | 1,156,603 |
LIABILITIES | ||
Noninterest-bearing | 266,006 | 242,685 |
Interest-bearing | 797,093 | 792,877 |
Total deposits | 1,063,099 | 1,035,562 |
Accrued interest payable | 74 | 97 |
Accrued expenses and other liabilities | 5,845 | 7,004 |
Total liabilities | 1,069,018 | 1,042,663 |
EQUITY | ||
Preferred stock of $.01 par value per share Authorized 1,000,000 shares; none issued | 0 | 0 |
Common stock of $.01 par value per share Authorized 7,500,000 shares; issued 3,804,683 shares (3,805,533 in 2021); outstanding 3,371,362 shares (3,373,095 in 2021) | 38 | 38 |
Additional paid-in capital | 41,636 | 41,684 |
Retained earnings-substantially restricted | 85,802 | 80,070 |
Unearned stock compensation | (633) | (1,033) |
Accumulated other comprehensive income (loss) | (40,427) | 1,734 |
Less treasury stock, at cost - 433,321 shares (432,438 in 2021) | (8,691) | (8,665) |
Total First Capital, Inc. stockholders' equity | 77,725 | 113,828 |
Noncontrolling interest in subsidiary | 108 | 112 |
Total equity | 77,833 | 113,940 |
Total Liabilities and Equity | $ 1,146,851 | $ 1,156,603 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Currrent Period Unaudited) (Parentheticals) - $ / shares | Sep. 30, 2022 | Dec. 31, 2021 |
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) | 3,804,683 | 3,805,533 |
Common stock, shares outstanding (in shares) | 3,371,362 | 3,373,095 |
Treasury stock, shares (in shares) | 433,321 | 432,438 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Loans, including fees | $ 6,533 | $ 6,252 | $ 17,885 | $ 18,071 |
Securities: | ||||
Taxable | 1,241 | 718 | 3,189 | 1,858 |
Tax-exempt | 829 | 683 | 2,350 | 1,988 |
Dividends | 5 | 3 | 14 | 10 |
Other interest income | 440 | 89 | 713 | 243 |
Total interest income | 9,048 | 7,745 | 24,151 | 22,170 |
INTEREST EXPENSE | ||||
Deposits | 390 | 278 | 910 | 855 |
Total interest expense | 390 | 278 | 910 | 855 |
Net interest income | 8,658 | 7,467 | 23,241 | 21,315 |
Provision for loan losses | 175 | 0 | 550 | 75 |
Net interest income after provision for loan losses | 8,483 | 7,467 | 22,691 | 21,240 |
NONINTEREST INCOME | ||||
Noninterest income | 1,856 | 1,654 | 5,283 | 4,738 |
Unrealized gain (loss) on equity securities | (229) | (67) | (265) | 360 |
Gain on sale of loans | 170 | 603 | 720 | 1,900 |
Increase in cash surrender value of life insurance | 44 | 51 | 157 | 169 |
Other income | 51 | 57 | 171 | 177 |
Total noninterest income | 1,873 | 2,270 | 5,985 | 7,260 |
NONINTEREST EXPENSE | ||||
Compensation and benefits | 3,832 | 3,689 | 10,977 | 10,831 |
Occupancy and equipment | 462 | 444 | 1,385 | 1,318 |
Data processing | 1,047 | 875 | 2,909 | 2,551 |
Professional fees | 152 | 287 | 620 | 874 |
Advertising | 62 | 110 | 203 | 240 |
Other expenses | 1,004 | 797 | 2,694 | 2,360 |
Total noninterest expense | 6,559 | 6,202 | 18,788 | 18,174 |
Income before income taxes | 3,797 | 3,535 | 9,888 | 10,326 |
Income tax expense | 669 | 596 | 1,516 | 1,711 |
Net Income | 3,128 | 2,939 | 8,372 | 8,615 |
Less: net income attributable to noncontrolling interest in subsidiary | 3 | 3 | 10 | 10 |
Net Income Attributable to First Capital, Inc. | $ 3,125 | $ 2,936 | $ 8,362 | $ 8,605 |
Earnings per common share attributable to First Capital, Inc.: | ||||
Basic (in dollars per share) | $ 0.93 | $ 0.88 | $ 2.49 | $ 2.57 |
Diluted (in dollars per share) | 0.93 | 0.88 | 2.49 | 2.57 |
Dividends per share (in dollars per share) | $ 0.26 | $ 0.26 | $ 0.78 | $ 0.78 |
Deposit Account [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 618 | $ 514 | $ 1,670 | $ 1,348 |
Gain on sale of securities available for sale | 0 | 0 | 0 | 7 |
ATM and Debit Card Fees [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 1,059 | 1,009 | 3,132 | 3,027 |
Investment Advisory, Management and Administrative Service [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 160 | $ 103 | $ 400 | $ 272 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Net income | $ 3,128 | $ 2,939 | $ 8,372 | $ 8,615 |
OTHER COMPREHENSIVE LOSS | ||||
Unrealized holding losses arising during the period | (13,243) | (251) | (54,783) | (3,292) |
Income tax benefit | 3,080 | 58 | 12,622 | 775 |
Net of tax amount | (10,163) | (193) | (42,161) | (2,517) |
Less: reclassification adjustment for realized gains included in net income | 0 | 0 | 0 | (7) |
Income tax expense | 0 | 0 | 0 | 1 |
Net of tax amount | 0 | 0 | 0 | (6) |
Other Comprehensive Loss, net of tax | (10,163) | (193) | (42,161) | (2,523) |
Comprehensive Income (Loss) | (7,035) | 2,746 | (33,789) | 6,092 |
Less: comprehensive income attributable to the noncontrolling interest in subsidiary | 3 | 3 | 10 | 10 |
Comprehensive Income (Loss) Attributable to First Capital, Inc. | $ (7,038) | $ 2,743 | $ (33,799) | $ 6,082 |
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, 2020 | $ 38 | $ 41,684 | $ 72,155 | $ 6,822 | $ (1,520) | $ (8,540) | $ 112 | $ 110,751 |
Net income | 0 | 0 | 8,605 | 0 | 0 | 0 | 10 | 8,615 |
Other comprehensive income (loss) | 0 | 0 | 0 | (2,523) | 0 | 0 | 0 | (2,523) |
Cash dividends | 0 | 0 | (2,632) | 0 | 0 | 0 | (14) | (2,646) |
Stock compensation expense | 0 | 0 | 0 | 0 | 359 | 0 | 0 | 359 |
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (94) | 0 | (94) |
Balances at Sep. 30, 2021 | 38 | 41,684 | 78,128 | 4,299 | (1,161) | (8,634) | 108 | 114,462 |
Balances at Jun. 30, 2021 | 38 | 41,684 | 76,069 | 4,492 | (1,290) | (8,580) | 105 | 112,518 |
Net income | 0 | 0 | 2,936 | 0 | 0 | 0 | 3 | 2,939 |
Other comprehensive income (loss) | 0 | 0 | 0 | (193) | 0 | 0 | 0 | (193) |
Cash dividends | (877) | 0 | (877) | |||||
Stock compensation expense | 0 | 0 | 0 | 0 | 129 | 0 | 0 | 129 |
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (54) | 0 | (54) |
Balances at Sep. 30, 2021 | 38 | 41,684 | 78,128 | 4,299 | (1,161) | (8,634) | 108 | 114,462 |
Balances at Dec. 31, 2021 | 38 | 41,684 | 80,070 | 1,734 | (1,033) | (8,665) | 112 | 113,940 |
Net income | 0 | 0 | 8,362 | 0 | 0 | 0 | 10 | 8,372 |
Other comprehensive income (loss) | 0 | 0 | 0 | (42,161) | 0 | 0 | 0 | (42,161) |
Cash dividends | 0 | 0 | (2,630) | 0 | 0 | 0 | (14) | (2,644) |
Stock compensation expense | 0 | 0 | 0 | 0 | 352 | 0 | 0 | 352 |
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (26) | 0 | (26) |
Restricted stock grant forfeitures | 0 | (48) | 0 | 0 | 48 | 0 | 0 | 0 |
Balances at Sep. 30, 2022 | 38 | 41,636 | 85,802 | (40,427) | (633) | (8,691) | 108 | 77,833 |
Balances at Jun. 30, 2022 | 38 | 41,684 | 83,553 | (30,264) | (837) | (8,665) | 105 | 85,614 |
Net income | 0 | 0 | 3,125 | 0 | 0 | 0 | 3 | 3,128 |
Other comprehensive income (loss) | 0 | 0 | 0 | (10,163) | 0 | 0 | 0 | (10,163) |
Cash dividends | (876) | 0 | (876) | |||||
Stock compensation expense | 0 | 0 | 0 | 0 | 156 | 0 | 0 | 156 |
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (26) | 0 | (26) |
Restricted stock grant forfeitures | 0 | (48) | 0 | 0 | 48 | 0 | 0 | 0 |
Balances at Sep. 30, 2022 | $ 38 | $ 41,636 | $ 85,802 | $ (40,427) | $ (633) | $ (8,691) | $ 108 | $ 77,833 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 8,372,000 | $ 8,615,000 |
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 | 1,571,000 | 1,624,000 |
Depreciation and amortization expense | 809,000 | 868,000 |
Deferred income taxes | (40,000) | 179,000 |
Stock compensation expense | 352,000 | 359,000 |
Increase in cash value of life insurance | (157,000) | (169,000) |
Gain on sale of securities | 0 | (7,000) |
Provision for loan losses | 550,000 | 75,000 |
Proceeds from sales of loans | 41,655,000 | 103,441,000 |
Loans originated for sale | (39,834,000) | (97,686,000) |
Gain on sale of loans | (720,000) | (1,900,000) |
Amortization of tax credit investment | 266,000 | 266,000 |
Unrealized (gain) loss on equity securities | 265,000 | (360,000) |
Net realized and unrealized gain on foreclosed real estate | (15,000) | 0 |
(Increase) decrease in accrued interest receivable | (284,000) | 230,000 |
Decrease in accrued interest payable | (23,000) | (52,000) |
Net change in other assets/liabilities | (368,000) | 218,000 |
Net Cash Provided By Operating Activities | 12,399,000 | 15,701,000 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Net decrease in interest-bearing time deposits | 2,385,000 | 1,550,000 |
Purchase of securities available for sale | (87,346,000) | (211,780,000) |
Purchase of securities held to maturity | (5,000,000) | (2,000,000) |
Proceeds from maturities of securities available for sale | 5,361,000 | 42,003,000 |
Proceeds from sales of securities available for sale | 0 | 1,798,000 |
Principal collected on mortgage-backed obligations | 17,687,000 | 27,636,000 |
Net (increase) decrease in loans receivable | (58,844,000) | 14,642,000 |
Investment in tax credit entity | 0 | (100,000) |
Investment in technology fund | (100,000) | 0 |
Proceeds from sale of foreclosed real estate | 39,000 | 45,000 |
Proceeds from redemption of Federal Home Loan Bank stock | 152,000 | 0 |
Purchase of premises and equipment | (323,000) | (176,000) |
Net Cash Used In Investing Activities | (125,989,000) | (126,382,000) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net increase in deposits | 27,537,000 | 101,833,000 |
Purchase of treasury stock | 0 | (40,000) |
Taxes paid on stock award shares for employees | (26,000) | (54,000) |
Dividends paid | (2,644,000) | (2,646,000) |
Net Cash Provided By Financing Activities | 24,867,000 | 99,093,000 |
Net Decrease in Cash and Cash Equivalents | (88,723,000) | (11,588,000) |
Cash and cash equivalents at beginning of period | 172,509,000 | 175,888,000 |
Cash and Cash Equivalents at End of Period | $ 83,786,000 | $ 164,300,000 |
Note 1 - Presentation of Interi
Note 1 - Presentation of Interim Information | 9 Months Ended |
Sep. 30, 2022 | |
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 nine 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 September 30, 2022, three nine September 30, 2022 2021 nine September 30, 2022 2021. 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, 2021 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%. 300 September 2022. 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 December 31, 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. October 24, 2022, three September 30, 2022 2021, nine September 30, 2022 2021, |
Note 2 - Investment Securities
Note 2 - Investment Securities | 9 Months Ended |
Sep. 30, 2022 | |
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 September 30, 2022 December 31, 2021 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value September 30, 2022 Securities available for sale: Agency mortgage-backed securities $ 98,891 $ - $ 12,182 $ 86,709 Agency CMO 7,602 - 370 7,232 Other debt securities: Agency notes and bonds 150,716 - 13,369 137,347 Treasury notes and bonds 83,528 - 4,107 79,421 Municipal obligations 167,210 15 22,655 144,570 Total securities available for sale $ 507,947 $ 15 $ 52,683 $ 455,279 Securities held to maturity: Other debt securities: Corporate notes $ 7,000 $ - $ 1,382 $ 5,618 Total securities held to maturity $ 7,000 $ - $ 1,382 $ 5,618 December 31, 2021 Securities available for sale: Agency mortgage-backed securities $ 102,767 $ 604 $ 635 $ 102,736 Agency CMO 7,863 98 - 7,961 Other debt securities: Agency notes and bonds 130,641 489 2,034 129,096 Treasury notes and bonds 50,339 - 545 49,794 Municipal obligations 153,610 4,721 583 157,748 Total securities available for sale $ 445,220 $ 5,912 $ 3,797 $ 447,335 Securities held to maturity: Other debt securities: Corporate notes $ 2,000 $ 4 $ - $ 2,004 Total securities held to maturity $ 2,000 $ 4 $ - $ 2,004 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”), the Federal Farm Credit Bank (“FFCB”) and the Federal Home Loan Bank (“FHLB”), which are government-sponsored enterprises. Corporate notes classified as held to maturity include subordinated debt obligations issues by other bank holding companies. The amortized cost and fair value of debt securities as of September 30, 2022, 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 $ 16,194 $ 15,800 $ - $ - Due after one year through five years 237,878 220,169 - - Due after five years through ten years 43,996 40,360 2,000 1,608 Due after ten years 103,386 85,009 5,000 4,010 401,454 361,338 7,000 5,618 Mortgage-backed securities and CMO 106,493 93,941 - - $ 507,947 $ 455,279 $ 7,000 $ 5,618 Information pertaining to investment securities with gross unrealized losses at September 30, 2022, Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) September 30, 2022: Securities available for sale: Continuous loss position less than twelve months: Agency mortgage-backed securities 78 $ 40,860 $ 4,440 Agency CMO 26 7,232 370 Agency notes and bonds 20 39,992 1,724 Treasury notes and bonds 20 33,041 976 Muncipal obligations 223 112,415 16,894 Total less than twelve months 367 233,540 24,404 Continuous loss position more than twelve months: Agency mortgage-backed securities 20 45,849 7,742 Agency notes and bonds 39 97,356 11,645 Treasury notes and bonds 11 46,379 3,131 Muncipal obligations 43 23,500 5,761 Total more than twelve months 113 213,084 28,279 Total securities available for sale 480 $ 446,624 $ 52,683 Securities held to maturity: Continuous loss position less than twelve months: Corporate notes 4 $ 5,618 $ 1,382 Total less than twelve months 4 5,618 1,382 Total held to maturity 4 $ 5,618 $ 1,382 Information pertaining to investment securities with gross unrealized losses at December 31, 2021, Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) December 31, 2021: Continuous loss position less than twelve months: Agency mortgage-backed securities 23 $ 67,512 $ 607 Agency notes and bonds 39 98,042 1,710 Treasury notes and bonds 11 49,190 545 Muncipal obligations 49 32,642 479 Total less than twelve months 122 247,386 3,341 Continuous loss position more than twelve months: Agency mortgage-backed securities 1 1,357 28 Agency notes and bonds 4 13,676 324 Muncipal obligations 4 2,957 104 Total more than twelve months 9 17,990 456 Total securities available for sale 131 $ 265,376 $ 3,797 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 September 30, 2022, first September 30, 2022, no While management does not September 30, 2022, may During the nine September 30, 2021, three September 30, 2021 three nine September 30, 2022. Certain debt securities available for sale were pledged to secure public fund deposits at September 30, 2022 December 31, 2021. Equity Securities In September 2018, three nine September 30, 2022, three nine September 30, 2021, September 30, 2022 December 31, 2021, In October 2021, September 30, 2022 December 31, 2021, September 30, 2022 December 31, 2021 2026. three nine September 30, 2022 2021. |
Note 3 - Loans and Allowance fo
Note 3 - Loans and Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2022 | |
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 September 30, 2022 December 31, 2021. 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, 2021. 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 September 30, 2022, December 31, 2021, September 30, 2022 December 31, 2021, Loans at September 30, 2022 December 31, 2021 September 30, December 31, (In thousands) 2022 2021 Real estate mortgage loans: Residential $ 153,659 $ 130,603 Land 22,377 19,478 Construction 72,371 59,959 Commercial 161,296 137,915 Commercial business loans 54,760 51,787 Consumer loans: Home equity and second mortgage loans 58,596 54,453 Automobile loans 48,100 43,946 Loans secured by savings accounts 655 827 Unsecured loans 2,230 2,219 Other consumer loans 13,090 13,579 Gross loans 587,134 514,766 Less undisbursed portion of loans in process (40,175 ) (26,520 ) Principal loan balance 546,959 488,246 Deferred loan origination fees and costs, net 1,200 1,124 Allowance for loan losses (6,566 ) (6,083 ) Loans, net $ 541,593 $ 483,287 The following table provides the components of the Company’s recorded investment in loans at September 30, 2022: 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 $ 153,659 $ 22,377 $ 32,196 $ 161,296 $ 54,760 $ 58,596 $ 64,075 $ 546,959 Accrued interest receivable 453 98 66 299 129 272 220 1,537 Net deferred loan origination fees and costs 107 14 (9 ) (92 ) (12 ) 1,192 - 1,200 Recorded investment in loans $ 154,219 $ 22,489 $ 32,253 $ 161,503 $ 54,877 $ 60,060 $ 64,295 $ 549,696 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 894 $ 51 $ - $ 566 $ 147 $ 315 $ - $ 1,973 Collectively evaluated for impairment 153,036 22,438 32,253 160,932 54,730 59,745 64,295 547,429 Acquired with deteriorated credit quality 289 - - 5 - - - 294 Ending balance $ 154,219 $ 22,489 $ 32,253 $ 161,503 $ 54,877 $ 60,060 $ 64,295 $ 549,696 The following table provides the components of the Company’s recorded investment in loans at December 31, 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 $ 130,603 $ 19,478 $ 33,439 $ 137,915 $ 51,787 $ 54,453 $ 60,571 $ 488,246 Accrued interest receivable 442 103 67 290 180 160 218 1,460 Net deferred loan origination fees and costs 107 13 (15 ) (64 ) (46 ) 1,129 - 1,124 Recorded investment in loans $ 131,152 $ 19,594 $ 33,491 $ 138,141 $ 51,921 $ 55,742 $ 60,789 $ 490,830 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,034 $ 102 $ - $ 702 $ 174 $ 303 $ - $ 2,315 Collectively evaluated for impairment 129,848 19,492 33,491 137,428 51,747 55,439 60,789 488,234 Acquired with deteriorated credit quality 270 - - 11 - - - 281 Ending balance $ 131,152 $ 19,594 $ 33,491 $ 138,141 $ 51,921 $ 55,742 $ 60,789 $ 490,830 An analysis of the allowance for loan losses as of September 30, 2022 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 1,352 273 430 2,070 886 536 1,019 6,566 Acquired with deteriorated credit quality - - - - - - - - Ending balance $ 1,352 $ 273 $ 430 $ 2,070 $ 886 $ 536 $ 1,019 $ 6,566 An analysis of the allowance for loan losses as of December 31, 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 $ - $ - $ - $ - $ - $ 7 $ - $ 7 Collectively evaluated for impairment 1,143 234 403 1,884 873 520 988 6,045 Acquired with deteriorated credit quality 31 - - - - - - 31 Ending balance $ 1,174 $ 234 $ 403 $ 1,884 $ 873 $ 527 $ 988 $ 6,083 An analysis of the changes in the allowance for loan losses for the three nine September 30, 2022 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 September 30, 2022 Beginning balance $ 1,265 $ 241 $ 496 $ 1,991 $ 888 $ 533 $ 980 $ 6,394 Provisions for loan losses 87 32 (66 ) 79 (2 ) 3 42 175 Charge-offs - - - - - - (77 ) (77 ) Recoveries - - - - - - 74 74 Ending balance $ 1,352 $ 273 $ 430 $ 2,070 $ 886 $ 536 $ 1,019 $ 6,566 Changes in Allowance for Loan Losses for the nine-months ended September 30, 2022 Beginning balance $ 1,174 $ 234 $ 403 $ 1,884 $ 873 $ 527 $ 988 $ 6,083 Provisions for loan losses 169 39 27 186 13 7 109 550 Charge-offs (1 ) - - - (9 ) - (277 ) (287 ) Recoveries 10 - - - 9 2 199 220 Ending balance $ 1,352 $ 273 $ 430 $ 2,070 $ 886 $ 536 $ 1,019 $ 6,566 An analysis of the changes in the allowance for loan losses for the three nine September 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 September 30, 2021 Beginning balance $ 1,216 $ 215 $ 389 $ 2,357 $ 784 $ 625 $ 1,051 $ 6,637 Provisions for loan losses 20 (4 ) 14 (40 ) (30 ) 20 20 - Charge-offs (26 ) (6 ) - - - - (109 ) (141 ) Recoveries 1 - - - 10 - 60 71 Ending balance $ 1,211 $ 205 $ 403 $ 2,317 $ 764 $ 645 $ 1,022 $ 6,567 Changes in Allowance for Loan Losses for the nine-months ended September 30, 2021 Beginning balance $ 1,239 $ 209 $ 292 $ 2,358 $ 843 $ 617 $ 1,067 $ 6,625 Provisions for loan losses - 5 111 (41 ) (89 ) 37 52 75 Charge-offs (29 ) (9 ) - - - (10 ) (280 ) (328 ) Recoveries 1 - - - 10 1 183 195 Ending balance $ 1,211 $ 205 $ 403 $ 2,317 $ 764 $ 645 $ 1,022 $ 6,567 At September 30, 2022 December 31, 2021, not 2020, 19. 2021, 19 19 Management also adjusts the historical loss factors for loans classified as watch, special mention and substandard that are not At September 30, 2022, December 31, 2021, September 30, 2022 December 31, 2021. The following table summarizes the Company’s impaired loans as of September 30, 2022 three nine September 30, 2022. not three nine September 30, 2022: Three Months Ended Nine Months Ended At September 30, 2022 September 30, 2022 September 30, 2022 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 $ 894 $ 1,053 $ - $ 891 $ 2 $ 903 $ 9 Land 51 51 - 51 - 76 - Construction - - - - - - - Commercial real estate 566 585 - 573 6 612 20 Commercial business 147 147 - 153 2 162 7 Home equity and second mortgage 315 331 - 193 - 100 - Other consumer - - - - - - - 1,973 2,167 - 1,861 10 1,853 36 Loans with an allowance recorded: Residential - - - 15 - 14 - Land - - - - - - - Construction - - - - - - - Commercial real estate - - - - - - - Commercial business - - - - - - - Home equity and second mortgage - - - 142 - 215 - Other consumer - - - - - - - - - - 157 - 229 - Total: Residential 894 1,053 - 906 2 917 9 Land 51 51 - 51 - 76 - Construction - - - - - - - Commercial real estate 566 585 - 573 6 612 20 Commercial business 147 147 - 153 2 162 7 Home equity and second mortgage 315 331 - 335 - 315 - Other consumer - - - - - - - $ 1,973 $ 2,167 $ - $ 2,018 $ 10 $ 2,082 $ 36 The following table summarizes the Company’s impaired loans for the three nine September 30, 2021. not three nine September 30, 2021: Three Months Ended Nine Months Ended September 30, 2021 September 30, 2021 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Loans with no related allowance recorded: Residential $ 1,503 $ 6 $ 1,653 $ 18 Land 100 - 99 - Construction - - - - Commercial real estate 730 8 750 26 Commercial business 186 2 196 6 Home equity/2nd mortgage 63 - 136 1 Other consumer - - - - 2,582 16 2,834 51 Loans with an allowance recorded: Residential - - - - Land 26 - 13 - Construction - - - - Commercial real estate - - - - Commercial business - - - - Home equity/2nd mortgage 289 - 217 - Other consumer - - - - 315 - 230 - Total: Residential 1,503 6 1,653 18 Land 126 - 112 - Construction - - - - Commercial real estate 730 8 750 26 Commercial business 186 2 196 6 Home equity/2nd mortgage 352 - 353 1 Other consumer - - - - $ 2,897 $ 16 $ 3,064 $ 51 The following table summarizes the Company’s impaired loans as of December 31, 2021: Unpaid Recorded Principal Related Investment Balance Allowance (In thousands) Loans with no related allowance recorded: Residential $ 1,034 $ 1,163 $ - Land 102 104 - Construction - - - Commercial real estate 702 716 - Commercial business 174 174 - Home equity and second mortgage 15 15 - Other consumer - - - 2,027 2,172 - Loans with an allowance recorded: Residential - - - Land - - - Construction - - - Commercial real estate - - - Commercial business - - - Home equity and second mortgage 288 296 7 Other consumer - - - 288 296 7 Total: Residential 1,034 1,163 - Land 102 104 - Construction - - - Commercial real estate 702 716 - Commercial business 174 174 - Home equity and second mortgage 303 311 7 Other consumer - - - $ 2,315 $ 2,468 $ 7 Nonperforming loans consists of nonaccrual loans and loans over 90 September 30, 2022 December 31, 2021: September 30, 2022 December 31, 2021 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 $ 783 $ - $ 783 $ 806 $ - $ 806 Land 51 - 51 102 - 102 Construction - - - - - - Commercial real estate 93 - 93 115 - 115 Commercial business - - - - - - Home equity and second mortgage 315 - 315 304 - 304 Other consumer - - - - 3 3 Total $ 1,242 $ - $ 1,242 $ 1,327 $ 3 $ 1,330 The following table presents the aging of the recorded investment in loans at September 30, 2022: Purchased 30-59 Days 60-89 Days 90 Days or More Total Credit Total Past Due Past Due Past Due Past Due Current Impaired Loans Loans (In thousands) Residential $ 1,932 $ 229 $ 449 $ 2,610 $ 151,320 $ 289 $ 154,219 Land 109 - 51 160 22,329 - 22,489 Construction - - - - 32,253 - 32,253 Commercial real estate 1 - - 1 161,497 5 161,503 Commercial business 197 185 - 382 54,495 - 54,877 Home equity and second mortgage 614 - 35 649 59,411 - 60,060 Other consumer 150 49 - 199 64,096 - 64,295 Total $ 3,003 $ 463 $ 535 $ 4,001 $ 545,401 $ 294 $ 549,696 The following table presents the aging of the recorded investment in loans at December 31, 2021: Purchased 30-59 Days 60-89 Days 90 Days or More Total Credit Total Past Due Past Due Past Due Past Due Current Impaired Loans Loans (In thousands) Residential $ 1,186 $ 158 $ 501 $ 1,845 $ 129,037 $ 270 $ 131,152 Land 94 62 102 258 19,336 - 19,594 Construction - - - - 33,491 - 33,491 Commercial real estate - - - - 138,130 11 138,141 Commercial business - - - - 51,921 - 51,921 Home equity and second mortgage 165 - - 165 55,577 - 55,742 Other consumer 129 3 3 135 60,654 - 60,789 Total $ 1,574 $ 223 $ 606 $ 2,403 $ 488,146 $ 281 $ 490,830 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) September 30, 2022 Pass $ 152,872 $ 22,318 $ 32,253 $ 159,321 $ 54,238 $ 59,745 $ 64,295 $ 545,042 Special Mention - 60 - 920 460 - - 1,440 Substandard 564 60 - 1,169 179 - - 1,972 Doubtful 783 51 - 93 - 315 - 1,242 Loss - - - - - - - - Total $ 154,219 $ 22,489 $ 32,253 $ 161,503 $ 54,877 $ 60,060 $ 64,295 $ 549,696 December 31, 2021 Pass $ 129,705 $ 19,369 $ 33,491 $ 135,608 $ 51,353 $ 55,438 $ 60,789 $ 485,753 Special Mention - 61 - 1,203 323 - - 1,587 Substandard 641 62 - 1,215 245 - - 2,163 Doubtful 806 102 - 115 - 304 - 1,327 Loss - - - - - - - - Total $ 131,152 $ 19,594 $ 33,491 $ 138,141 $ 51,921 $ 55,742 $ 60,789 $ 490,830 The following table summarizes the Company’s TDRs by accrual status as of September 30, 2022 December 31, 2021: September 30, 2022 December 31, 2021 Related Related Allowance Allowance Accruing Nonaccrual Total for Loan Losses Accruing Nonaccrual Total for Loan Losses (In thousands) Troubled debt restructurings: Residential real estate $ 109 $ 16 $ 125 $ - $ 216 $ - $ 216 $ - Commercial real estate 472 - 472 - 585 - 585 - Commercial business 147 - 147 - 174 - 174 - Home equity and second mortgage - 280 280 - - 287 287 7 Total $ 728 $ 296 $ 1,024 $ - $ 975 $ 287 $ 1,262 $ 7 At September 30, 2022 December 31, 2021, There were no TDRs that were restructured during the three nine September 30, 2022 2021. There were no no three nine September 30, 2022 2021. There were no TDRs modified within the previous 12 90 three September 30, 2021 three nine September 30, 2022. nine September 30, 2021, one second 12 may may nine September 30, 2021. second no 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 September 30, 2022 December 31, 2021: September 30, December 31 , (In thousands) 2022 2021 Residential real estate $ 289 $ 270 Commercial real estate 5 11 Carrying amount 294 281 Allowance for loan losses - 31 Carrying amount, net of allowance $ 294 $ 250 The outstanding balance of PCI loans accounted for under ASC 310 30, September 30, 2022 December 31, 2021, September 30, 2022 December 31, 2021 |
Note 4 - Qualified Affordable H
Note 4 - Qualified Affordable Housing Project Investment | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Investment [Text Block] | 4. Qualified Affordable Housing Project Investment On January 19, 2018, September 30, 2022 December 31, 2021, September 30, 2022 December 31, 2021 2029. The investment is accounted for using the proportional amortization method. During the three September 30, 2022 2021, three September 30, 2022 2021, nine September 30, 2022 2021, $266,000, nine September 30, 2022 2021, |
Note 5 - Supplemental Disclosur
Note 5 - Supplemental Disclosure for Earnings Per Share | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 5. Three Months Ended Nine Months Ended 09/30/2022 09/30/2021 09/30/2022 09/30/2021 (Dollars in thousands, except for share and per share data) Basic Earnings: Net income attributable to First Capital, Inc. $ 3,125 $ 2,936 $ 8,362 $ 8,605 Shares: Weighted average common shares outstanding 3,358,800 3,349,494 3,353,459 3,344,832 Net income attributable to First Capital, Inc. per common share, basic $ 0.93 $ 0.88 $ 2.49 $ 2.57 Diluted Earnings: Net income attributable to First Capital, Inc. $ 3,125 $ 2,936 $ 8,362 $ 8,605 Shares: Weighted average common shares outstanding 3,358,800 3,349,494 3,353,459 3,344,832 Add: Dilutive effect of restricted stock - - - 1,441 Weighted average common shares outstanding, as adjusted 3,358,800 3,349,494 3,353,459 3,346,273 Net income attributable to First Capital, Inc. per common share, diluted $ 0.93 $ 0.88 $ 2.49 $ 2.57 Nonvested restricted stock shares are not nine September 30, 2021. three nine September 30, 2022. three September 30, 2021. |
Note 6 - Stock-based Compensati
Note 6 - Stock-based Compensation Plan | 9 Months Ended |
Sep. 30, 2022 | |
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 September 30, 2022, 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 September 30, 2022, Compensation expense is measured based on the fair market value of the restricted stock at the grant date and is recognized ratably over the period during which the shares are earned (the vesting period). The Company accounts for any forfeitures when they occur, and any previously recognized compensation for an award is reversed in the period the award is forfeited. Compensation expense related to restricted stock recognized for the three nine September 30, 2022 three nine September 30, 2021 nine September 30, 2022. three September 30, 2022. three nine September 30, 2021. A summary of the Company’s nonvested restricted shares under the Plan as of September 30, 2022 nine Weighted Number Average of Grant Date shares Fair Value Nonvested at January 1, 2022 22,350 $ 54.96 Granted - - Vested 8,950 51.85 Forfeited 850 56.76 Nonvested at September 30, 2022 12,550 $ 57.07 There were 8,950 shares that vested during the nine September 30, 2022 nine September 30, 2021 nine September 30, 2022 2021 September 30, 2022, |
Note 7 - Supplemental Disclosur
Note 7 - Supplemental Disclosures of Cash Flow Information | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 7. Supplemental Disclosures of Cash Flow Information Nine Months Ended September 30 , 2022 2021 (In thousands) Cash payments for: Interest $ 933 $ 907 Taxes (net of refunds received) 1,881 1,755 Noncash investing activities: Transfers from loans to real estate acquired through foreclosure - 151 |
Note 8 - Fair Value Measurement
Note 8 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2022 | |
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: Level 2: not Level 3: 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 September 30, 2022 December 31, 2021. no September 30, 2022 December 31, 2021. Carrying Value (In thousands) Level 1 Level 2 Level 3 Total September 30, 2022 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 86,709 $ - $ 86,709 Agency CMO - 7,232 - 7,232 Agency notes and bonds - 137,347 - 137,347 Treasury notes and bonds - 79,421 - 79,421 Municipal obligations - 144,570 - 144,570 Total securities available for sale $ - $ 455,279 $ - $ 455,279 Equity securities $ 1,616 $ - $ - 1,616 December 31, 2021 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 102,736 $ - $ 102,736 Agency CMO - 7,961 - 7,961 Agency notes and bonds - 129,096 - 129,096 Treasury notes and bonds - 49,794 - 49,794 Municipal obligations - 157,748 - 157,748 Total securities available for sale $ - $ 447,335 $ - $ 447,335 Equity securities $ 1,881 $ - $ - 1,881 Assets Measured on a Nonrecurring Basis Impaired loans: Home equity and second mortgage $ - $ - $ 281 $ 281 Total impaired loans $ - $ - $ 281 $ 281 Foreclosed real estate: Residential real estate $ - $ - $ 36 $ 36 Total foreclosed real estate $ - $ - $ 36 $ 36 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 The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on the fair value of collateral less estimated costs to sell. Collateral may 3 At September 30, 2022, no December 31, 2021, nine September 30, 2021 three September 30, 2021 three nine September 30, 2022, 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 September 30, 2022, December 31, 2021, three nine September 30, 2022 2021. There have been no three September 30, 2022 2021. no 3 three September 30, 2022 2021. 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 September 30, 2022: Financial assets: Cash and cash equivalents $ 83,786 $ 83,786 $ 83,786 $ - $ - Interest-bearing time deposits 2,454 2,357 - 2,357 - Securities available for sale 455,279 455,279 - 455,279 - Securities held to maturity 7,000 5,618 - 5,618 - Loans held for sale 1,312 1,328 - 1,328 - Loans, net 541,593 522,724 - - 522,724 FHLB and other restricted stock 1,836 N/A N/A N/A N/A Accrued interest receivable 3,714 3,714 - 3,714 - Equity securities (included in other assets) 1,616 1,616 1,616 - - Financial liabilities: Deposits 1,063,099 1,060,968 - - 1,060,968 Accrued interest payable 74 74 - 74 - December 31, 2021: Financial assets: Cash and cash equivalents $ 172,509 $ 172,509 $ 172,509 $ - $ - Interest-bearing time deposits 4,839 4,965 - 4,965 - Securities available for sale 447,335 447,335 - 447,335 - Securities held to maturity 2,000 2,004 - 2,004 - Loans held for sale 2,413 2,459 - 2,459 - Loans, net 483,287 481,961 - - 481,961 FHLB and other restricted stock 1,988 N/A N/A N/A N/A Accrued interest receivable 3,430 3,430 - 3,430 - Equity securities (included in other assets) 1,881 1,881 1,881 - - Financial liabilities: Deposits 1,035,562 1,035,406 - - 1,035,406 Accrued interest payable 97 97 - 97 - 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 September 30, 2022 December 31, 2021 may |
Note 9 - Revenue from Contracts
Note 9 - Revenue from Contracts With Customers | 9 Months Ended |
Sep. 30, 2022 | |
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 nine September 30, 2022 2021: Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 (In thousands) Service charges on deposit accounts $ 618 $ 514 $ 1,670 $ 1,348 ATM and debit card fees 1,059 1,009 3,132 3,027 Investment advisory income 160 103 400 272 Other 19 28 81 91 Revenue from contracts with customers 1,856 1,654 5,283 4,738 Net gains (losses) on loans and investments (59 ) 536 455 2,267 Increase in cash value of life insurance 44 51 157 169 Other 32 29 90 86 Other noninterest income 17 616 702 2,522 Total noninterest income $ 1,873 $ 2,270 $ 5,985 $ 7,260 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 | 9 Months Ended |
Sep. 30, 2022 | |
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 In March 2022, No. 2022 02, Financial Instruments Credit Losses (Topic 326 not No. 2016 13, No. 2016 13. not In June 2022, No. 2022 03, Fair Value Measurements (Topic 820 not not December 15, 2023, not The Company has determined that all other recently issued accounting pronouncements will not not |
Note 2 - Investment Securities
Note 2 - Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value September 30, 2022 Securities available for sale: Agency mortgage-backed securities $ 98,891 $ - $ 12,182 $ 86,709 Agency CMO 7,602 - 370 7,232 Other debt securities: Agency notes and bonds 150,716 - 13,369 137,347 Treasury notes and bonds 83,528 - 4,107 79,421 Municipal obligations 167,210 15 22,655 144,570 Total securities available for sale $ 507,947 $ 15 $ 52,683 $ 455,279 Securities held to maturity: Other debt securities: Corporate notes $ 7,000 $ - $ 1,382 $ 5,618 Total securities held to maturity $ 7,000 $ - $ 1,382 $ 5,618 December 31, 2021 Securities available for sale: Agency mortgage-backed securities $ 102,767 $ 604 $ 635 $ 102,736 Agency CMO 7,863 98 - 7,961 Other debt securities: Agency notes and bonds 130,641 489 2,034 129,096 Treasury notes and bonds 50,339 - 545 49,794 Municipal obligations 153,610 4,721 583 157,748 Total securities available for sale $ 445,220 $ 5,912 $ 3,797 $ 447,335 Securities held to maturity: Other debt securities: Corporate notes $ 2,000 $ 4 $ - $ 2,004 Total securities held to maturity $ 2,000 $ 4 $ - $ 2,004 |
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 $ 16,194 $ 15,800 $ - $ - Due after one year through five years 237,878 220,169 - - Due after five years through ten years 43,996 40,360 2,000 1,608 Due after ten years 103,386 85,009 5,000 4,010 401,454 361,338 7,000 5,618 Mortgage-backed securities and CMO 106,493 93,941 - - $ 507,947 $ 455,279 $ 7,000 $ 5,618 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) September 30, 2022: Securities available for sale: Continuous loss position less than twelve months: Agency mortgage-backed securities 78 $ 40,860 $ 4,440 Agency CMO 26 7,232 370 Agency notes and bonds 20 39,992 1,724 Treasury notes and bonds 20 33,041 976 Muncipal obligations 223 112,415 16,894 Total less than twelve months 367 233,540 24,404 Continuous loss position more than twelve months: Agency mortgage-backed securities 20 45,849 7,742 Agency notes and bonds 39 97,356 11,645 Treasury notes and bonds 11 46,379 3,131 Muncipal obligations 43 23,500 5,761 Total more than twelve months 113 213,084 28,279 Total securities available for sale 480 $ 446,624 $ 52,683 Securities held to maturity: Continuous loss position less than twelve months: Corporate notes 4 $ 5,618 $ 1,382 Total less than twelve months 4 5,618 1,382 Total held to maturity 4 $ 5,618 $ 1,382 Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) December 31, 2021: Continuous loss position less than twelve months: Agency mortgage-backed securities 23 $ 67,512 $ 607 Agency notes and bonds 39 98,042 1,710 Treasury notes and bonds 11 49,190 545 Muncipal obligations 49 32,642 479 Total less than twelve months 122 247,386 3,341 Continuous loss position more than twelve months: Agency mortgage-backed securities 1 1,357 28 Agency notes and bonds 4 13,676 324 Muncipal obligations 4 2,957 104 Total more than twelve months 9 17,990 456 Total securities available for sale 131 $ 265,376 $ 3,797 |
Note 3 - Loans and Allowance _2
Note 3 - Loans and Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, December 31, (In thousands) 2022 2021 Real estate mortgage loans: Residential $ 153,659 $ 130,603 Land 22,377 19,478 Construction 72,371 59,959 Commercial 161,296 137,915 Commercial business loans 54,760 51,787 Consumer loans: Home equity and second mortgage loans 58,596 54,453 Automobile loans 48,100 43,946 Loans secured by savings accounts 655 827 Unsecured loans 2,230 2,219 Other consumer loans 13,090 13,579 Gross loans 587,134 514,766 Less undisbursed portion of loans in process (40,175 ) (26,520 ) Principal loan balance 546,959 488,246 Deferred loan origination fees and costs, net 1,200 1,124 Allowance for loan losses (6,566 ) (6,083 ) Loans, net $ 541,593 $ 483,287 |
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 $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,352 273 430 2,070 886 536 1,019 6,566 Acquired with deteriorated credit quality - - - - - - - - Ending balance $ 1,352 $ 273 $ 430 $ 2,070 $ 886 $ 536 $ 1,019 $ 6,566 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 $ - $ - $ - $ - $ - $ 7 $ - $ 7 Collectively evaluated for impairment 1,143 234 403 1,884 873 520 988 6,045 Acquired with deteriorated credit quality 31 - - - - - - 31 Ending balance $ 1,174 $ 234 $ 403 $ 1,884 $ 873 $ 527 $ 988 $ 6,083 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 September 30, 2022 Beginning balance $ 1,265 $ 241 $ 496 $ 1,991 $ 888 $ 533 $ 980 $ 6,394 Provisions for loan losses 87 32 (66 ) 79 (2 ) 3 42 175 Charge-offs - - - - - - (77 ) (77 ) Recoveries - - - - - - 74 74 Ending balance $ 1,352 $ 273 $ 430 $ 2,070 $ 886 $ 536 $ 1,019 $ 6,566 Changes in Allowance for Loan Losses for the nine-months ended September 30, 2022 Beginning balance $ 1,174 $ 234 $ 403 $ 1,884 $ 873 $ 527 $ 988 $ 6,083 Provisions for loan losses 169 39 27 186 13 7 109 550 Charge-offs (1 ) - - - (9 ) - (277 ) (287 ) Recoveries 10 - - - 9 2 199 220 Ending balance $ 1,352 $ 273 $ 430 $ 2,070 $ 886 $ 536 $ 1,019 $ 6,566 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 September 30, 2021 Beginning balance $ 1,216 $ 215 $ 389 $ 2,357 $ 784 $ 625 $ 1,051 $ 6,637 Provisions for loan losses 20 (4 ) 14 (40 ) (30 ) 20 20 - Charge-offs (26 ) (6 ) - - - - (109 ) (141 ) Recoveries 1 - - - 10 - 60 71 Ending balance $ 1,211 $ 205 $ 403 $ 2,317 $ 764 $ 645 $ 1,022 $ 6,567 Changes in Allowance for Loan Losses for the nine-months ended September 30, 2021 Beginning balance $ 1,239 $ 209 $ 292 $ 2,358 $ 843 $ 617 $ 1,067 $ 6,625 Provisions for loan losses - 5 111 (41 ) (89 ) 37 52 75 Charge-offs (29 ) (9 ) - - - (10 ) (280 ) (328 ) Recoveries 1 - - - 10 1 183 195 Ending balance $ 1,211 $ 205 $ 403 $ 2,317 $ 764 $ 645 $ 1,022 $ 6,567 |
Impaired Financing Receivables [Table Text Block] | Three Months Ended Nine Months Ended At September 30, 2022 September 30, 2022 September 30, 2022 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 $ 894 $ 1,053 $ - $ 891 $ 2 $ 903 $ 9 Land 51 51 - 51 - 76 - Construction - - - - - - - Commercial real estate 566 585 - 573 6 612 20 Commercial business 147 147 - 153 2 162 7 Home equity and second mortgage 315 331 - 193 - 100 - Other consumer - - - - - - - 1,973 2,167 - 1,861 10 1,853 36 Loans with an allowance recorded: Residential - - - 15 - 14 - Land - - - - - - - Construction - - - - - - - Commercial real estate - - - - - - - Commercial business - - - - - - - Home equity and second mortgage - - - 142 - 215 - Other consumer - - - - - - - - - - 157 - 229 - Total: Residential 894 1,053 - 906 2 917 9 Land 51 51 - 51 - 76 - Construction - - - - - - - Commercial real estate 566 585 - 573 6 612 20 Commercial business 147 147 - 153 2 162 7 Home equity and second mortgage 315 331 - 335 - 315 - Other consumer - - - - - - - $ 1,973 $ 2,167 $ - $ 2,018 $ 10 $ 2,082 $ 36 Three Months Ended Nine Months Ended September 30, 2021 September 30, 2021 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Loans with no related allowance recorded: Residential $ 1,503 $ 6 $ 1,653 $ 18 Land 100 - 99 - Construction - - - - Commercial real estate 730 8 750 26 Commercial business 186 2 196 6 Home equity/2nd mortgage 63 - 136 1 Other consumer - - - - 2,582 16 2,834 51 Loans with an allowance recorded: Residential - - - - Land 26 - 13 - Construction - - - - Commercial real estate - - - - Commercial business - - - - Home equity/2nd mortgage 289 - 217 - Other consumer - - - - 315 - 230 - Total: Residential 1,503 6 1,653 18 Land 126 - 112 - Construction - - - - Commercial real estate 730 8 750 26 Commercial business 186 2 196 6 Home equity/2nd mortgage 352 - 353 1 Other consumer - - - - $ 2,897 $ 16 $ 3,064 $ 51 Unpaid Recorded Principal Related Investment Balance Allowance (In thousands) Loans with no related allowance recorded: Residential $ 1,034 $ 1,163 $ - Land 102 104 - Construction - - - Commercial real estate 702 716 - Commercial business 174 174 - Home equity and second mortgage 15 15 - Other consumer - - - 2,027 2,172 - Loans with an allowance recorded: Residential - - - Land - - - Construction - - - Commercial real estate - - - Commercial business - - - Home equity and second mortgage 288 296 7 Other consumer - - - 288 296 7 Total: Residential 1,034 1,163 - Land 102 104 - Construction - - - Commercial real estate 702 716 - Commercial business 174 174 - Home equity and second mortgage 303 311 7 Other consumer - - - $ 2,315 $ 2,468 $ 7 |
Financing Receivable, Nonaccrual [Table Text Block] | September 30, 2022 December 31, 2021 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 $ 783 $ - $ 783 $ 806 $ - $ 806 Land 51 - 51 102 - 102 Construction - - - - - - Commercial real estate 93 - 93 115 - 115 Commercial business - - - - - - Home equity and second mortgage 315 - 315 304 - 304 Other consumer - - - - 3 3 Total $ 1,242 $ - $ 1,242 $ 1,327 $ 3 $ 1,330 |
Financing Receivable, Past Due [Table Text Block] | Purchased 30-59 Days 60-89 Days 90 Days or More Total Credit Total Past Due Past Due Past Due Past Due Current Impaired Loans Loans (In thousands) Residential $ 1,932 $ 229 $ 449 $ 2,610 $ 151,320 $ 289 $ 154,219 Land 109 - 51 160 22,329 - 22,489 Construction - - - - 32,253 - 32,253 Commercial real estate 1 - - 1 161,497 5 161,503 Commercial business 197 185 - 382 54,495 - 54,877 Home equity and second mortgage 614 - 35 649 59,411 - 60,060 Other consumer 150 49 - 199 64,096 - 64,295 Total $ 3,003 $ 463 $ 535 $ 4,001 $ 545,401 $ 294 $ 549,696 Purchased 30-59 Days 60-89 Days 90 Days or More Total Credit Total Past Due Past Due Past Due Past Due Current Impaired Loans Loans (In thousands) Residential $ 1,186 $ 158 $ 501 $ 1,845 $ 129,037 $ 270 $ 131,152 Land 94 62 102 258 19,336 - 19,594 Construction - - - - 33,491 - 33,491 Commercial real estate - - - - 138,130 11 138,141 Commercial business - - - - 51,921 - 51,921 Home equity and second mortgage 165 - - 165 55,577 - 55,742 Other consumer 129 3 3 135 60,654 - 60,789 Total $ 1,574 $ 223 $ 606 $ 2,403 $ 488,146 $ 281 $ 490,830 |
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) September 30, 2022 Pass $ 152,872 $ 22,318 $ 32,253 $ 159,321 $ 54,238 $ 59,745 $ 64,295 $ 545,042 Special Mention - 60 - 920 460 - - 1,440 Substandard 564 60 - 1,169 179 - - 1,972 Doubtful 783 51 - 93 - 315 - 1,242 Loss - - - - - - - - Total $ 154,219 $ 22,489 $ 32,253 $ 161,503 $ 54,877 $ 60,060 $ 64,295 $ 549,696 December 31, 2021 Pass $ 129,705 $ 19,369 $ 33,491 $ 135,608 $ 51,353 $ 55,438 $ 60,789 $ 485,753 Special Mention - 61 - 1,203 323 - - 1,587 Substandard 641 62 - 1,215 245 - - 2,163 Doubtful 806 102 - 115 - 304 - 1,327 Loss - - - - - - - - Total $ 131,152 $ 19,594 $ 33,491 $ 138,141 $ 51,921 $ 55,742 $ 60,789 $ 490,830 |
Schedule of Troubled Debt Restructurings by Accrual Status [Table Text Block] | September 30, 2022 December 31, 2021 Related Related Allowance Allowance Accruing Nonaccrual Total for Loan Losses Accruing Nonaccrual Total for Loan Losses (In thousands) Troubled debt restructurings: Residential real estate $ 109 $ 16 $ 125 $ - $ 216 $ - $ 216 $ - Commercial real estate 472 - 472 - 585 - 585 - Commercial business 147 - 147 - 174 - 174 - Home equity and second mortgage - 280 280 - - 287 287 7 Total $ 728 $ 296 $ 1,024 $ - $ 975 $ 287 $ 1,262 $ 7 |
Schedule of Purchased Credit Impaired Loans [Table Text Block] | September 30, December 31 , (In thousands) 2022 2021 Residential real estate $ 289 $ 270 Commercial real estate 5 11 Carrying amount 294 281 Allowance for loan losses - 31 Carrying amount, net of allowance $ 294 $ 250 |
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 $ 153,659 $ 22,377 $ 32,196 $ 161,296 $ 54,760 $ 58,596 $ 64,075 $ 546,959 Accrued interest receivable 453 98 66 299 129 272 220 1,537 Net deferred loan origination fees and costs 107 14 (9 ) (92 ) (12 ) 1,192 - 1,200 Recorded investment in loans $ 154,219 $ 22,489 $ 32,253 $ 161,503 $ 54,877 $ 60,060 $ 64,295 $ 549,696 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 894 $ 51 $ - $ 566 $ 147 $ 315 $ - $ 1,973 Collectively evaluated for impairment 153,036 22,438 32,253 160,932 54,730 59,745 64,295 547,429 Acquired with deteriorated credit quality 289 - - 5 - - - 294 Ending balance $ 154,219 $ 22,489 $ 32,253 $ 161,503 $ 54,877 $ 60,060 $ 64,295 $ 549,696 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 $ 130,603 $ 19,478 $ 33,439 $ 137,915 $ 51,787 $ 54,453 $ 60,571 $ 488,246 Accrued interest receivable 442 103 67 290 180 160 218 1,460 Net deferred loan origination fees and costs 107 13 (15 ) (64 ) (46 ) 1,129 - 1,124 Recorded investment in loans $ 131,152 $ 19,594 $ 33,491 $ 138,141 $ 51,921 $ 55,742 $ 60,789 $ 490,830 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,034 $ 102 $ - $ 702 $ 174 $ 303 $ - $ 2,315 Collectively evaluated for impairment 129,848 19,492 33,491 137,428 51,747 55,439 60,789 488,234 Acquired with deteriorated credit quality 270 - - 11 - - - 281 Ending balance $ 131,152 $ 19,594 $ 33,491 $ 138,141 $ 51,921 $ 55,742 $ 60,789 $ 490,830 |
Note 5 - Supplemental Disclos_2
Note 5 - Supplemental Disclosure for Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Nine Months Ended 09/30/2022 09/30/2021 09/30/2022 09/30/2021 (Dollars in thousands, except for share and per share data) Basic Earnings: Net income attributable to First Capital, Inc. $ 3,125 $ 2,936 $ 8,362 $ 8,605 Shares: Weighted average common shares outstanding 3,358,800 3,349,494 3,353,459 3,344,832 Net income attributable to First Capital, Inc. per common share, basic $ 0.93 $ 0.88 $ 2.49 $ 2.57 Diluted Earnings: Net income attributable to First Capital, Inc. $ 3,125 $ 2,936 $ 8,362 $ 8,605 Shares: Weighted average common shares outstanding 3,358,800 3,349,494 3,353,459 3,344,832 Add: Dilutive effect of restricted stock - - - 1,441 Weighted average common shares outstanding, as adjusted 3,358,800 3,349,494 3,353,459 3,346,273 Net income attributable to First Capital, Inc. per common share, diluted $ 0.93 $ 0.88 $ 2.49 $ 2.57 |
Note 6 - Stock-based Compensa_2
Note 6 - Stock-based Compensation Plan (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
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, 2022 22,350 $ 54.96 Granted - - Vested 8,950 51.85 Forfeited 850 56.76 Nonvested at September 30, 2022 12,550 $ 57.07 |
Note 7 - Supplemental Disclos_2
Note 7 - Supplemental Disclosures of Cash Flow Information (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Nine Months Ended September 30 , 2022 2021 (In thousands) Cash payments for: Interest $ 933 $ 907 Taxes (net of refunds received) 1,881 1,755 Noncash investing activities: Transfers from loans to real estate acquired through foreclosure - 151 |
Note 8 - Fair Value Measureme_2
Note 8 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
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 September 30, 2022 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 86,709 $ - $ 86,709 Agency CMO - 7,232 - 7,232 Agency notes and bonds - 137,347 - 137,347 Treasury notes and bonds - 79,421 - 79,421 Municipal obligations - 144,570 - 144,570 Total securities available for sale $ - $ 455,279 $ - $ 455,279 Equity securities $ 1,616 $ - $ - 1,616 December 31, 2021 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 102,736 $ - $ 102,736 Agency CMO - 7,961 - 7,961 Agency notes and bonds - 129,096 - 129,096 Treasury notes and bonds - 49,794 - 49,794 Municipal obligations - 157,748 - 157,748 Total securities available for sale $ - $ 447,335 $ - $ 447,335 Equity securities $ 1,881 $ - $ - 1,881 Assets Measured on a Nonrecurring Basis Impaired loans: Home equity and second mortgage $ - $ - $ 281 $ 281 Total impaired loans $ - $ - $ 281 $ 281 Foreclosed real estate: Residential real estate $ - $ - $ 36 $ 36 Total foreclosed real estate $ - $ - $ 36 $ 36 |
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 September 30, 2022: Financial assets: Cash and cash equivalents $ 83,786 $ 83,786 $ 83,786 $ - $ - Interest-bearing time deposits 2,454 2,357 - 2,357 - Securities available for sale 455,279 455,279 - 455,279 - Securities held to maturity 7,000 5,618 - 5,618 - Loans held for sale 1,312 1,328 - 1,328 - Loans, net 541,593 522,724 - - 522,724 FHLB and other restricted stock 1,836 N/A N/A N/A N/A Accrued interest receivable 3,714 3,714 - 3,714 - Equity securities (included in other assets) 1,616 1,616 1,616 - - Financial liabilities: Deposits 1,063,099 1,060,968 - - 1,060,968 Accrued interest payable 74 74 - 74 - December 31, 2021: Financial assets: Cash and cash equivalents $ 172,509 $ 172,509 $ 172,509 $ - $ - Interest-bearing time deposits 4,839 4,965 - 4,965 - Securities available for sale 447,335 447,335 - 447,335 - Securities held to maturity 2,000 2,004 - 2,004 - Loans held for sale 2,413 2,459 - 2,459 - Loans, net 483,287 481,961 - - 481,961 FHLB and other restricted stock 1,988 N/A N/A N/A N/A Accrued interest receivable 3,430 3,430 - 3,430 - Equity securities (included in other assets) 1,881 1,881 1,881 - - Financial liabilities: Deposits 1,035,562 1,035,406 - - 1,035,406 Accrued interest payable 97 97 - 97 - |
Note 9 - Revenue from Contrac_2
Note 9 - Revenue from Contracts With Customers (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 (In thousands) Service charges on deposit accounts $ 618 $ 514 $ 1,670 $ 1,348 ATM and debit card fees 1,059 1,009 3,132 3,027 Investment advisory income 160 103 400 272 Other 19 28 81 91 Revenue from contracts with customers 1,856 1,654 5,283 4,738 Net gains (losses) on loans and investments (59 ) 536 455 2,267 Increase in cash value of life insurance 44 51 157 169 Other 32 29 90 86 Other noninterest income 17 616 702 2,522 Total noninterest income $ 1,873 $ 2,270 $ 5,985 $ 7,260 |
Note 1 - Presentation of Inte_2
Note 1 - Presentation of Interim Information (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Oct. 24, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Interest and Fee Income, Loans and Leases, Total | $ 6,533,000 | $ 6,252,000 | $ 17,885,000 | $ 18,071,000 | ||
SBA CARES Act Paycheck Protection Program [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss, Total | $ 62,400,000 | |||||
Interest and Fee Income, Loans and Leases, Total | $ 7,000 | $ 784,000 | $ 34,000 | $ 1,700,000 | ||
SBA CARES Act Paycheck Protection Program [Member] | Subsequent Event [Member] | ||||||
Proceeds from Collection of Notes Receivable | $ 62,300,000 | |||||
SBA CARES Act Paycheck Protection Program [Member] | Second Draw Loans [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss, Total | $ 16,500,000 |
Note 2 - Investment Securitie_2
Note 2 - Investment Securities (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | Oct. 31, 2021 | |
Available-for-Sale, Securities in Unrealized Loss Positions, Depreciation from Amortized Cost Percentage | 10.60% | 10.60% | |||||
Held-to-maturity, Securities in Unrealized Loss Positions, Depreciation from Amortized Cost Percentage | 19.70% | 19.70% | |||||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 0 | ||||||
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 | 0 | 1,798,000 | |||
Investment, Number of Shares Acquired (in shares) | 90,000 | ||||||
Investment Ownership Percentage | 5% | ||||||
Payments to Acquire Other Investments | $ 1,900,000 | ||||||
Equity Securities, FV-NI, Unrealized Gain (Loss), Total | (229,000) | (67,000) | (265,000) | 360,000 | |||
Equity Securities, FV-NI, Current | 1,600,000 | 1,600,000 | $ 1,900,000 | ||||
Limited Partnership Interest, Technology Fund [Member] | |||||||
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | 0 | $ 0 | 0 | $ 0 | |||
Limited Partnership Interest, Technology Fund [Member] | Other Assets [Member] | |||||||
Equity Securities without Readily Determinable Fair Value, Amount | $ 1,000,000 | ||||||
Limited Partnership Interest, Technology Fund [Member] | Other Liabilities [Member] | |||||||
Investment Company, Financial Commitment to Investee, Future Amount | $ 780,000 | $ 780,000 | $ 880,000 |
Note 2 - Investment Securitie_3
Note 2 - Investment Securities - Investment Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Securities available for sale, amortized cost | $ 507,947 | $ 445,220 |
Securities available for sale, gross unrealized gains | 15 | 5,912 |
Securities available for sale, gross unrealized losses | 52,683 | 3,797 |
Securities available for sale, at fair value | 455,279 | 447,335 |
Securities held to maturity, amortized cost | 7,000 | 2,000 |
Securities held to maturity, gross unrealized gains | 0 | 4 |
Securities held to maturity, gross unrealized losses | 1,382 | 0 |
Securities held to maturity, fair value | 5,618 | 2,004 |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale, amortized cost | 98,891 | 102,767 |
Securities available for sale, gross unrealized gains | 0 | 604 |
Securities available for sale, gross unrealized losses | 12,182 | 635 |
Securities available for sale, at fair value | 86,709 | 102,736 |
Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale, amortized cost | 7,602 | 7,863 |
Securities available for sale, gross unrealized gains | 0 | 98 |
Securities available for sale, gross unrealized losses | 370 | 0 |
Securities available for sale, at fair value | 7,232 | 7,961 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, amortized cost | 150,716 | 130,641 |
Securities available for sale, gross unrealized gains | 0 | 489 |
Securities available for sale, gross unrealized losses | 13,369 | 2,034 |
Securities available for sale, at fair value | 137,347 | 129,096 |
US Treasury and Government [Member] | ||
Securities available for sale, amortized cost | 83,528 | 50,339 |
Securities available for sale, gross unrealized gains | 0 | 0 |
Securities available for sale, gross unrealized losses | 4,107 | 545 |
Securities available for sale, at fair value | 79,421 | 49,794 |
Municipal Notes [Member] | ||
Securities available for sale, amortized cost | 167,210 | 153,610 |
Securities available for sale, gross unrealized gains | 15 | 4,721 |
Securities available for sale, gross unrealized losses | 22,655 | 583 |
Securities available for sale, at fair value | 144,570 | 157,748 |
Corporate Note Securities [Member] | ||
Securities held to maturity, amortized cost | 7,000 | 2,000 |
Securities held to maturity, gross unrealized gains | 0 | 4 |
Securities held to maturity, gross unrealized losses | 1,382 | 0 |
Securities held to maturity, fair value | $ 5,618 | $ 2,004 |
Note 2 - Investment Securitie_4
Note 2 - Investment Securities - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Securities available for sale, amortized cost, due in one year or less | $ 16,194 | |
Securities available for sale, fair value, due in one year or less | 15,800 | |
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 | 237,878 | |
Securities available for sale, fair value, due after one year through five years | 220,169 | |
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 | 43,996 | |
Securities available for sale, fair value, due after five years through ten years | 40,360 | |
Securities held to maturity, amortized cost, due after five years through ten years | 2,000 | |
Securities held to maturity, fair value, due after five years through ten years | 1,608 | |
Securities available for sale, amortized cost, due after ten years | 103,386 | |
Securities available for sale, fair value, due after ten years | 85,009 | |
Securities held to maturity, amortized cost, due after ten years | 5,000 | |
Securities held to maturity, fair value, due after ten years | 4,010 | |
Securities available for sale, amortized cost, single maturity | 401,454 | |
Securities available for sale, fair value, single maturity | 361,338 | |
Securities held to maturity, amortized cost, single maturity | 7,000 | |
Securities held to maturity, fair value, single maturity | 5,618 | |
Mortgage-backed securities and CMO, amortized cost | 106,493 | |
Mortgage-backed securities and CMO, fair value | 93,941 | |
Mortgage-backed securities and CMO, amortized cost | 0 | |
Mortgage-backed securities and CMO, fair value | 0 | |
Securities available for sale, amortized cost | 507,947 | $ 445,220 |
Securities available for sale, fair value | 455,279 | 447,335 |
Securities held to maturity, amortized cost | 7,000 | 2,000 |
Securities held to maturity, fair value | $ 5,618 | $ 2,004 |
Note 2 - Investment Securitie_5
Note 2 - Investment Securities - Investment Securities Continuous Unrealized Loss Position (Details) $ in Thousands | Sep. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Number of investment positions - less than twelve months, available for sale | 367 | 122 |
Fair value - less than twelve months, available for sale | $ 233,540 | $ 247,386 |
Gross unrealized losses - less than twelve months, available for sale | $ 24,404 | $ 3,341 |
Number of investment positions - more than twelve months , available for sale | 113 | 9 |
Fair value - more than twelve months, available for sale | $ 213,084 | $ 17,990 |
Gross unrealized losses - more than twelve months, available for sale | $ 28,279 | $ 456 |
Number of investment positions, available for sale | 480 | 131 |
Fair value, available for sale | $ 446,624 | $ 265,376 |
Gross unrealized losses, available for sale | $ 52,683 | $ 3,797 |
Number of investment positions - less than twelve months, held to maturity | 4 | |
Fair value - less than twelve months, held to maturity | $ 5,618 | |
Gross unrealized losses - less than twelve months, held to maturity | $ 1,382 | |
Number of investment positions, held to maturity | 4 | |
Fair value, held to maturity | $ 5,618 | |
Gross unrealized losses, held to maturity | $ 1,382 | |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Number of investment positions - less than twelve months, available for sale | 78 | 23 |
Fair value - less than twelve months, available for sale | $ 40,860 | $ 67,512 |
Gross unrealized losses - less than twelve months, available for sale | $ 4,440 | $ 607 |
Number of investment positions - more than twelve months , available for sale | 20 | 1 |
Fair value - more than twelve months, available for sale | $ 45,849 | $ 1,357 |
Gross unrealized losses - more than twelve months, available for sale | $ 7,742 | $ 28 |
US Government Agencies Debt Securities [Member] | ||
Number of investment positions - less than twelve months, available for sale | 20 | 39 |
Fair value - less than twelve months, available for sale | $ 39,992 | $ 98,042 |
Gross unrealized losses - less than twelve months, available for sale | $ 1,724 | $ 1,710 |
Number of investment positions - more than twelve months , available for sale | 39 | 4 |
Fair value - more than twelve months, available for sale | $ 97,356 | $ 13,676 |
Gross unrealized losses - more than twelve months, available for sale | $ 11,645 | $ 324 |
Agency Collateralized Mortgage Obligations [Member] | ||
Number of investment positions - less than twelve months, available for sale | 26 | |
Fair value - less than twelve months, available for sale | $ 7,232 | |
Gross unrealized losses - less than twelve months, available for sale | $ 370 | |
US Treasury and Government [Member] | ||
Number of investment positions - less than twelve months, available for sale | 20 | 11 |
Fair value - less than twelve months, available for sale | $ 33,041 | $ 49,190 |
Gross unrealized losses - less than twelve months, available for sale | $ 976 | $ 545 |
Number of investment positions - more than twelve months , available for sale | 11 | |
Fair value - more than twelve months, available for sale | $ 46,379 | |
Gross unrealized losses - more than twelve months, available for sale | $ 3,131 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Number of investment positions - less than twelve months, available for sale | 223 | 49 |
Fair value - less than twelve months, available for sale | $ 112,415 | $ 32,642 |
Gross unrealized losses - less than twelve months, available for sale | $ 16,894 | $ 479 |
Municipal Notes [Member] | ||
Number of investment positions - more than twelve months , available for sale | 43 | 4 |
Fair value - more than twelve months, available for sale | $ 23,500 | $ 2,957 |
Gross unrealized losses - more than twelve months, available for sale | $ 5,761 | $ 104 |
Corporate Note Securities [Member] | ||
Number of investment positions - less than twelve months, held to maturity | 4 | |
Fair value - less than twelve months, held to maturity | $ 5,618 | |
Gross unrealized losses - less than twelve months, held to maturity | $ 1,382 |
Note 3 - Loans and Allowance _3
Note 3 - Loans and Allowance for Loan Losses (Details Textual) Pure in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | |
Mortgage Loans in Process of Foreclosure, Amount | $ 0 | $ 0 | $ 36,000 | ||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | 6,600,000 | 6,100,000 | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | $ 0 | $ 0 | |||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | $ 0 | 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | 0 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 | $ 0 | $ 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 280,000 | 290,000 | |||
Provision for Loan and Lease Losses | $ 175,000 | $ 0 | 550,000 | 75,000 | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | $ 294,000 | 294,000 | 339,000 | ||
Nonaccrual [Member] | |||||
Provision for Loan and Lease Losses | $ 7,000 | ||||
Overall Qualitative Factor [Member] | |||||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | 6,200,000 | 5,500,000 | |||
Residential Portfolio Segment [Member] | |||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure | $ 89,000 | $ 53,000 |
Note 3 - Loans and Allowance _4
Note 3 - Loans and Allowance for Loan Losses - Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 |
Loans | $ 587,134 | $ 514,766 | ||||
Less undisbursed portion of loans in process | (40,175) | (26,520) | ||||
Principal loan balance | 546,959 | 488,246 | ||||
Deferred loan origination fees and costs, net | 1,200 | 1,124 | ||||
Allowance for loan losses | (6,566) | $ (6,394) | (6,083) | $ (6,567) | $ (6,637) | $ (6,625) |
Loans, net | 541,593 | 483,287 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||||
Loans | 153,659 | 130,603 | ||||
Allowance for loan losses | (1,352) | (1,265) | (1,174) | (1,211) | (1,216) | (1,239) |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||||||
Loans | 22,377 | 19,478 | ||||
Principal loan balance | 22,377 | 19,478 | ||||
Deferred loan origination fees and costs, net | 14 | 13 | ||||
Allowance for loan losses | (273) | (241) | (234) | (205) | (215) | (209) |
Real Estate Mortgage Portfolio Segment [Member] | Residential Construction [Member] | ||||||
Loans | 72,371 | 59,959 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Construction [Member] | ||||||
Loans | 161,296 | 137,915 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans | 54,760 | 51,787 | ||||
Principal loan balance | 54,760 | 51,787 | ||||
Deferred loan origination fees and costs, net | (12) | (46) | ||||
Allowance for loan losses | (886) | (888) | (873) | (764) | (784) | (843) |
Consumer Portfolio Segment [Member] | ||||||
Allowance for loan losses | (1,019) | (980) | (988) | |||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||||||
Loans | 58,596 | 54,453 | ||||
Principal loan balance | 58,596 | 54,453 | ||||
Deferred loan origination fees and costs, net | 1,192 | 1,129 | ||||
Allowance for loan losses | (536) | $ (533) | (527) | $ (645) | $ (625) | $ (617) |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Loans | 48,100 | 43,946 | ||||
Consumer Portfolio Segment [Member] | Loans Secured by Deposits [Member] | ||||||
Loans | 655 | 827 | ||||
Consumer Portfolio Segment [Member] | Unsecured Loan [Member] | ||||||
Loans | 2,230 | 2,219 | ||||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||||||
Loans | 13,090 | 13,579 | ||||
Principal loan balance | 64,075 | 60,571 | ||||
Deferred loan origination fees and costs, net | $ 0 | $ 0 |
Note 3 - Loans and Allowance _5
Note 3 - Loans and Allowance for Loan Losses - Recorded Investments in Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Principal loan balance | $ 546,959 | $ 488,246 |
Accrued interest receivable | 1,537 | 1,460 |
Net deferred loan origination fees and costs | 1,200 | 1,124 |
Recorded investment in loans | 549,696 | 490,830 |
Individually evaluated for impairment | 1,973 | 2,315 |
Collectively evaluated for impairment | 547,429 | 488,234 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 294 | 281 |
Real Estate Mortgage Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Principal loan balance | 153,659 | 130,603 |
Accrued interest receivable | 453 | 442 |
Net deferred loan origination fees and costs | 107 | 107 |
Recorded investment in loans | 154,219 | 131,152 |
Individually evaluated for impairment | 894 | 1,034 |
Collectively evaluated for impairment | 153,036 | 129,848 |
Real Estate Mortgage Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 289 | 270 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Principal loan balance | 22,377 | 19,478 |
Accrued interest receivable | 98 | 103 |
Net deferred loan origination fees and costs | 14 | 13 |
Recorded investment in loans | 22,489 | 19,594 |
Individually evaluated for impairment | 51 | 102 |
Collectively evaluated for impairment | 22,438 | 19,492 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Principal loan balance | 32,196 | 33,439 |
Accrued interest receivable | 66 | 67 |
Net deferred loan origination fees and costs | (9) | (15) |
Recorded investment in loans | 32,253 | 33,491 |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 32,253 | 33,491 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Principal loan balance | 161,296 | 137,915 |
Accrued interest receivable | 299 | 290 |
Net deferred loan origination fees and costs | (92) | (64) |
Recorded investment in loans | 161,503 | 138,141 |
Individually evaluated for impairment | 566 | 702 |
Collectively evaluated for impairment | 160,932 | 137,428 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 5 | 11 |
Commercial Portfolio Segment [Member] | ||
Principal loan balance | 54,760 | 51,787 |
Accrued interest receivable | 129 | 180 |
Net deferred loan origination fees and costs | (12) | (46) |
Recorded investment in loans | 54,877 | 51,921 |
Individually evaluated for impairment | 147 | 174 |
Collectively evaluated for impairment | 54,730 | 51,747 |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Principal loan balance | 58,596 | 54,453 |
Accrued interest receivable | 272 | 160 |
Net deferred loan origination fees and costs | 1,192 | 1,129 |
Recorded investment in loans | 60,060 | 55,742 |
Individually evaluated for impairment | 315 | 303 |
Collectively evaluated for impairment | 59,745 | 55,439 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Principal loan balance | 64,075 | 60,571 |
Accrued interest receivable | 220 | 218 |
Net deferred loan origination fees and costs | 0 | 0 |
Recorded investment in loans | 64,295 | 60,789 |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 64,295 | 60,789 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [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 | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Individually evaluated for impairment | $ 0 | $ 0 | $ 7 | ||
Collectively evaluated for impairment | 6,566 | 6,566 | 6,045 | ||
Allowance for loan losses | 6,566 | $ 6,567 | 6,566 | $ 6,567 | 6,083 |
Beginning balance | 6,394 | 6,637 | 6,083 | 6,625 | |
Provision for loan losses | 175 | 0 | 550 | 75 | |
Charge-offs | (77) | (141) | (287) | (328) | |
Recoveries | 74 | 71 | 220 | 195 | |
Ending balance | 6,566 | 6,567 | 6,566 | 6,567 | |
Financial Asset Acquired with Credit Deterioration [Member] | |||||
Allowance for loan losses | 0 | 0 | 31 | ||
Beginning balance | 31 | ||||
Ending balance | 0 | 0 | |||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 1,352 | 1,352 | 1,143 | ||
Allowance for loan losses | 1,352 | 1,211 | 1,352 | 1,211 | 1,174 |
Beginning balance | 1,265 | 1,216 | 1,174 | 1,239 | |
Provision for loan losses | 87 | 20 | 169 | 0 | |
Charge-offs | 0 | (26) | (1) | (29) | |
Recoveries | 0 | 1 | 10 | 1 | |
Ending balance | 1,352 | 1,211 | 1,352 | 1,211 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Allowance for loan losses | 0 | 0 | 31 | ||
Beginning balance | 31 | ||||
Ending balance | 0 | 0 | |||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 273 | 273 | 234 | ||
Allowance for loan losses | 273 | 205 | 273 | 205 | 234 |
Beginning balance | 241 | 215 | 234 | 209 | |
Provision for loan losses | 32 | (4) | 39 | 5 | |
Charge-offs | 0 | (6) | 0 | (9) | |
Recoveries | 0 | 0 | 0 | 0 | |
Ending balance | 273 | 205 | 273 | 205 | |
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 | 430 | 430 | 403 | ||
Allowance for loan losses | 430 | 403 | 430 | 403 | 403 |
Beginning balance | 496 | 389 | 403 | 292 | |
Provision for loan losses | (66) | 14 | 27 | 111 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Ending balance | 430 | 403 | 430 | 403 | |
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 | 2,070 | 2,070 | 1,884 | ||
Allowance for loan losses | 2,070 | 2,317 | 2,070 | 2,317 | 1,884 |
Beginning balance | 1,991 | 2,357 | 1,884 | 2,358 | |
Provision for loan losses | 79 | (40) | 186 | (41) | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Ending balance | 2,070 | 2,317 | 2,070 | 2,317 | |
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 | 886 | 886 | 873 | ||
Allowance for loan losses | 886 | 764 | 886 | 764 | 873 |
Beginning balance | 888 | 784 | 873 | 843 | |
Provision for loan losses | (2) | (30) | 13 | (89) | |
Charge-offs | 0 | 0 | (9) | 0 | |
Recoveries | 0 | 10 | 9 | 10 | |
Ending balance | 886 | 764 | 886 | 764 | |
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] | |||||
Allowance for loan losses | 1,019 | 1,019 | 988 | ||
Beginning balance | 980 | 988 | |||
Provision for loan losses | 42 | 109 | |||
Charge-offs | (77) | (277) | |||
Recoveries | 74 | 199 | |||
Ending balance | 1,019 | 1,019 | |||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 7 | ||
Collectively evaluated for impairment | 536 | 536 | 520 | ||
Allowance for loan losses | 536 | 645 | 536 | 645 | 527 |
Beginning balance | 533 | 625 | 527 | 617 | |
Provision for loan losses | 3 | 20 | 7 | 37 | |
Charge-offs | 0 | 0 | 0 | (10) | |
Recoveries | 0 | 0 | 2 | 1 | |
Ending balance | 536 | 645 | 536 | 645 | |
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 | 1,019 | 1,019 | 988 | ||
Allowance for loan losses | 1,019 | 1,022 | 1,019 | 1,022 | 988 |
Beginning balance | 1,051 | 988 | 1,067 | ||
Provision for loan losses | 20 | 52 | |||
Charge-offs | (109) | (280) | |||
Recoveries | 60 | 183 | |||
Ending balance | 1,019 | $ 1,022 | 1,019 | $ 1,022 | |
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 |
Note 3 - Loans and Allowance _7
Note 3 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Recorded investment with no allowance | $ 1,973 | $ 1,973 | $ 2,027 | ||
Unpaid principal balance with no allowance | 2,167 | 2,167 | 2,172 | ||
Average recorded investment with no allowance | 1,861 | $ 2,582 | 1,853 | $ 2,834 | |
Interest income recognized with no allowance | 10 | 16 | 36 | 51 | |
Recorded investment with allowance | 0 | 0 | 288 | ||
Unpaid principal balance with allowance | 0 | 0 | 296 | ||
Related allowance | 0 | 0 | 7 | ||
Average recorded investment with allowance | 157 | 315 | 229 | 230 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 1,973 | 1,973 | 2,315 | ||
Unpaid principal balance | 2,167 | 2,167 | 2,468 | ||
Average recorded investment | 2,018 | 2,897 | 2,082 | 3,064 | |
Interest income recognized | 10 | 16 | 36 | 51 | |
Related allowance with no allowance | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||||
Recorded investment with no allowance | 894 | 894 | 1,034 | ||
Unpaid principal balance with no allowance | 1,053 | 1,053 | 1,163 | ||
Average recorded investment with no allowance | 891 | 1,503 | 903 | 1,653 | |
Interest income recognized with no allowance | 2 | 6 | 9 | 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 | 15 | 0 | 14 | 0 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 894 | 894 | 1,034 | ||
Unpaid principal balance | 1,053 | 1,053 | 1,163 | ||
Average recorded investment | 906 | 1,503 | 917 | 1,653 | |
Interest income recognized | 2 | 6 | 9 | 18 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||||
Recorded investment with no allowance | 51 | 51 | 102 | ||
Unpaid principal balance with no allowance | 51 | 51 | 104 | ||
Average recorded investment with no allowance | 51 | 100 | 76 | 99 | |
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 | 26 | 0 | 13 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 51 | 51 | 102 | ||
Unpaid principal balance | 51 | 51 | 104 | ||
Average recorded investment | 51 | 126 | 76 | 112 | |
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 | 566 | 566 | 702 | ||
Unpaid principal balance with no allowance | 585 | 585 | 716 | ||
Average recorded investment with no allowance | 573 | 730 | 612 | 750 | |
Interest income recognized with no allowance | 6 | 8 | 20 | 26 | |
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 | 566 | 566 | 702 | ||
Unpaid principal balance | 585 | 585 | 716 | ||
Average recorded investment | 573 | 730 | 612 | 750 | |
Interest income recognized | 6 | 8 | 20 | 26 | |
Commercial Portfolio Segment [Member] | |||||
Recorded investment with no allowance | 147 | 147 | 174 | ||
Unpaid principal balance with no allowance | 147 | 147 | 174 | ||
Average recorded investment with no allowance | 153 | 186 | 162 | 196 | |
Interest income recognized with no allowance | 2 | 2 | 7 | 6 | |
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 | 147 | 147 | 174 | ||
Unpaid principal balance | 147 | 147 | 174 | ||
Average recorded investment | 153 | 186 | 162 | 196 | |
Interest income recognized | 2 | 2 | 7 | 6 | |
Related allowance with no allowance | 0 | ||||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||||
Recorded investment with no allowance | 315 | 315 | 15 | ||
Unpaid principal balance with no allowance | 331 | 331 | 15 | ||
Average recorded investment with no allowance | 193 | 63 | 100 | 136 | |
Interest income recognized with no allowance | 0 | 0 | 0 | 1 | |
Recorded investment with allowance | 0 | 0 | 288 | ||
Unpaid principal balance with allowance | 0 | 0 | 296 | ||
Related allowance | 0 | 0 | 7 | ||
Average recorded investment with allowance | 142 | 289 | 215 | 217 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 315 | 315 | 303 | ||
Unpaid principal balance | 331 | 331 | 311 | ||
Average recorded investment | 335 | 352 | 315 | 353 | |
Interest income recognized | 0 | 0 | 0 | 1 | |
Related allowance with no allowance | 0 | ||||
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 | 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 | |
Related allowance with no allowance | $ 0 |
Note 3 - Loans and Allowance _8
Note 3 - Loans and Allowance for Loan Losses - Recorded Investment in Nonperforming Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Loans | $ 587,134 | $ 514,766 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 153,659 | 130,603 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 22,377 | 19,478 |
Commercial Portfolio Segment [Member] | ||
Loans | 54,760 | 51,787 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 58,596 | 54,453 |
Nonperforming Financial Instruments [Member] | ||
Nonaccrual Loans | 1,242 | 1,327 |
Loans 90+ Days Past Due Still Accruing | 0 | 3 |
Loans | 1,242 | 1,330 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Nonaccrual Loans | 783 | 806 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Loans | 783 | 806 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Nonaccrual Loans | 51 | 102 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Loans | 51 | 102 |
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 | 0 | 0 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Nonaccrual Loans | 93 | 115 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Loans | 93 | 115 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Nonaccrual Loans | 0 | 0 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Loans | 0 | 0 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Nonaccrual Loans | 315 | 304 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Loans | 315 | 304 |
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 | 3 |
Loans | $ 0 | $ 3 |
Note 3 - Loans and Allowance _9
Note 3 - Loans and Allowance for Loan Losses - Aging of Recorded Investment in Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Loans | $ 549,696 | $ 490,830 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 294 | 281 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 154,219 | 131,152 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 289 | 270 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 22,489 | 19,594 |
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 | 32,253 | 33,491 |
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 | 161,503 | 138,141 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 5 | 11 |
Commercial Portfolio Segment [Member] | ||
Loans | 54,877 | 51,921 |
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 | 60,060 | 55,742 |
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 | 64,295 | 60,789 |
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 | 3,003 | 1,574 |
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 1,932 | 1,186 |
Financial Asset, 30 to 59 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 109 | 94 |
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 | 1 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 197 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 614 | 165 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | 150 | 129 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans | 463 | 223 |
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 229 | 158 |
Financial Asset, 60 to 89 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 0 | 62 |
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 | 185 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | 49 | 3 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans | 535 | 606 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 449 | 501 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 51 | 102 |
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 | 35 | 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 | 3 |
Financial Asset, Past Due [Member] | ||
Loans | 4,001 | 2,403 |
Financial Asset, Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 2,610 | 1,845 |
Financial Asset, Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 160 | 258 |
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 | 1 | 0 |
Financial Asset, Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 382 | 0 |
Financial Asset, Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 649 | 165 |
Financial Asset, Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | 199 | 135 |
Financial Asset, Not Past Due [Member] | ||
Loans | 545,401 | 488,146 |
Financial Asset, Not Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 151,320 | 129,037 |
Financial Asset, Not Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 22,329 | 19,336 |
Financial Asset, Not Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 32,253 | 33,491 |
Financial Asset, Not Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans | 161,497 | 138,130 |
Financial Asset, Not Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 54,495 | 51,921 |
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 59,411 | 55,577 |
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | $ 64,096 | $ 60,654 |
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 | Sep. 30, 2022 | Dec. 31, 2021 |
Loans | $ 549,696 | $ 490,830 |
Pass [Member] | ||
Loans | 545,042 | 485,753 |
Special Mention [Member] | ||
Loans | 1,440 | 1,587 |
Substandard [Member] | ||
Loans | 1,972 | 2,163 |
Doubtful [Member] | ||
Loans | 1,242 | 1,327 |
Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 154,219 | 131,152 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Pass [Member] | ||
Loans | 152,872 | 129,705 |
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 | 564 | 641 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Doubtful [Member] | ||
Loans | 783 | 806 |
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 | 22,489 | 19,594 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Pass [Member] | ||
Loans | 22,318 | 19,369 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Special Mention [Member] | ||
Loans | 60 | 61 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Substandard [Member] | ||
Loans | 60 | 62 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Doubtful [Member] | ||
Loans | 51 | 102 |
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 | 32,253 | 33,491 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Loans | 32,253 | 33,491 |
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 | 0 | 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 | 161,503 | 138,141 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Pass [Member] | ||
Loans | 159,321 | 135,608 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Special Mention [Member] | ||
Loans | 920 | 1,203 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Substandard [Member] | ||
Loans | 1,169 | 1,215 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Doubtful [Member] | ||
Loans | 93 | 115 |
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 | 54,877 | 51,921 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loans | 54,238 | 51,353 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | 460 | 323 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 179 | 245 |
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 | 60,060 | 55,742 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Pass [Member] | ||
Loans | 59,745 | 55,438 |
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 | 0 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Doubtful [Member] | ||
Loans | 315 | 304 |
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 | 64,295 | 60,789 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Pass [Member] | ||
Loans | 64,295 | 60,789 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Special Mention [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Substandard [Member] | ||
Loans | 0 | 0 |
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 | Sep. 30, 2022 | Dec. 31, 2021 |
Recorded investment in loans | $ 549,696 | $ 490,830 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Recorded investment in loans | 154,219 | 131,152 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Recorded investment in loans | 161,503 | 138,141 |
Commercial Portfolio Segment [Member] | ||
Recorded investment in loans | 54,877 | 51,921 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Recorded investment in loans | 60,060 | 55,742 |
Nonperforming Financial Instruments [Member] | ||
TDR accruing | 728 | 975 |
TDR nonaccrual | 296 | 287 |
Recorded investment in loans | 1,024 | 1,262 |
TDR related allowance for loan losses | 0 | 7 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
TDR accruing | 109 | 216 |
TDR nonaccrual | 16 | 0 |
Recorded investment in loans | 125 | 216 |
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 | 472 | 585 |
TDR nonaccrual | 0 | 0 |
Recorded investment in loans | 472 | 585 |
TDR related allowance for loan losses | 0 | 0 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
TDR accruing | 147 | 174 |
TDR nonaccrual | 0 | 0 |
Recorded investment in loans | 147 | 174 |
TDR related allowance for loan losses | 0 | 0 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
TDR accruing | 0 | 0 |
TDR nonaccrual | 280 | 287 |
Recorded investment in loans | 280 | 287 |
TDR related allowance for loan losses | $ 0 | $ 7 |
Note 3 - Loans and Allowance_12
Note 3 - Loans and Allowance for Loan Losses - Summary of PCI Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Carrying amount | $ 294 | $ 281 |
Allowance for loan losses | 0 | 31 |
Carrying amount, net of allowance | 294 | 250 |
Residential Mortgage Segment [Member] | Residential Loan [Member] | ||
Carrying amount | 289 | 270 |
Residential Mortgage Segment [Member] | Commercial Real Estate Loan [Member] | ||
Carrying amount | $ 5 | $ 11 |
Note 4 - Qualified Affordable_2
Note 4 - Qualified Affordable Housing Project Investment (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Amortization Method Qualified Affordable Housing Project Investments, Amortization | $ 89,000 | $ 266,000 | $ 266,000 | |||
Affordable Housing Tax Credits and Other Tax Benefits, Amount | $ 105,000 | $ 106,000 | 314,000 | $ 317,000 | ||
Other Assets [Member] | ||||||
Investments, Total | 2,300,000 | 2,300,000 | $ 2,500,000 | |||
Other Liabilities [Member] | ||||||
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | $ 216,000 | $ 216,000 | $ 216,000 |
Note 5 - Supplemental Disclos_3
Note 5 - Supplemental Disclosure for Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Restricted Stock [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 12,550 | 24,300 | 12,550 | 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 | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Net income attributable to First Capital, Inc. | $ 3,125 | $ 2,936 | $ 8,362 | $ 8,605 |
Weighted average common shares outstanding (in shares) | 3,358,800 | 3,349,494 | 3,353,459 | 3,344,832 |
Net income attributable to First Capital, Inc. per common share, basic (in dollars per share) | $ 0.93 | $ 0.88 | $ 2.49 | $ 2.57 |
Net income attributable to First Capital, Inc. | $ 3,125 | $ 2,936 | $ 8,362 | $ 8,605 |
Weighted average common shares outstanding (in shares) | 3,358,800 | 3,349,494 | 3,353,459 | 3,344,832 |
Add: Dilutive effect of restricted stock (in shares) | 0 | 0 | 0 | 1,441 |
Weighted average common shares outstanding, as adjusted (in shares) | 3,358,800 | 3,349,494 | 3,353,459 | 3,346,273 |
Net income attributable to First Capital, Inc. per common share, diluted (in dollars per share) | $ 0.93 | $ 0.88 | $ 2.49 | $ 2.57 |
Note 6 - Stock-based Compensa_3
Note 6 - Stock-based Compensation Plan (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||||
May 22, 2019 | Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | May 20, 2019 | May 20, 2009 | |
Restricted Stock [Member] | |||||||
Share-Based Payment Arrangement, Expense | $ 156,000 | $ 129,000 | $ 352,000 | $ 359,000 | |||
Share-Based Payment Arrangement, Expense, Tax Benefit | $ 3,000 | 18,000 | $ 44,000 | $ 73,000 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 8,950 | 8,350 | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 260,000 | $ 371,000 | |||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 633,000 | $ 633,000 | |||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 1 month 6 days | ||||||
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) | 162,350 | 162,350 | |||||
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 | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
Nonvested, number of shares (in shares) | 22,350 | |
Nonvested, weight average grant date fair value (in dollars per share) | $ 54.96 | |
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) | 8,950 | 8,350 |
Vested, weight average grant date fair value (in dollars per share) | $ 51.85 | |
Forfeited, number of shares (in shares) | 850 | |
Forfeited, weight average grant date fair value (in dollars per share) | $ 56.76 | |
Nonvested, number of shares (in shares) | 12,550 | |
Nonvested, weight average grant date fair value (in dollars per share) | $ 57.07 |
Note 7 - Supplemental Disclos_3
Note 7 - Supplemental Disclosures of Cash Flow Information - Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
Interest | $ 933 | $ 907 |
Taxes (net of refunds received) | $ 1,881 | 1,755 |
Transfers from loans to real estate acquired through foreclosure | $ 151 |
Note 8 - Fair Value Measureme_3
Note 8 - Fair Value Measurements (Details Textual) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | |
Provision for Loan and Lease Losses | $ 175,000 | $ 0 | $ 550,000 | $ 75,000 |
Number of Foreclosed Real Estate Properties | 0 | 0 | ||
Impaired Loan [Member] | ||||
Provision for Loan and Lease Losses | $ 3,000 | 1,000 | $ 7,000 | 12,000 |
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] | Impaired Loan [Member] | Minimum [Member] | ||||
Fair Value Inputs, Estimated Selling Costs | 10% | |||
Fair Value, Inputs, Level 3 [Member] | Foreclosed Real Estate [Member] | ||||
Fair Value Inputs, Estimated Selling Costs | 65% |
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 | Sep. 30, 2022 | Dec. 31, 2021 |
Securities available for sale | $ 455,279 | $ 447,335 |
Equity securities (included in other assets) | 1,600 | 1,900 |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 86,709 | 102,736 |
Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 7,232 | 7,961 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 137,347 | 129,096 |
US Treasury and Government [Member] | ||
Securities available for sale | 79,421 | 49,794 |
Municipal Notes [Member] | ||
Securities available for sale | 144,570 | 157,748 |
Fair Value, Recurring [Member] | ||
Securities available for sale | 455,279 | 447,335 |
Equity securities (included in other assets) | 1,616 | 1,881 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 86,709 | 102,736 |
Fair Value, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 7,232 | 7,961 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 137,347 | 129,096 |
Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Securities available for sale | 79,421 | 49,794 |
Fair Value, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | 144,570 | 157,748 |
Fair Value, Nonrecurring [Member] | ||
Impaired loans | 281 | |
Foreclosed real estate | 36 | |
Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Foreclosed real estate | 36 | |
Fair Value, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | 281 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Securities available for sale | 0 | 0 |
Equity securities (included in other assets) | 1,616 | 1,881 |
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] | US Treasury and Government [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 | |
Foreclosed real estate | 0 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | 0 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Foreclosed real estate | 0 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Securities available for sale | 455,279 | 447,335 |
Equity securities (included in other assets) | 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 | 86,709 | 102,736 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 7,232 | 7,961 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 137,347 | 129,096 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Securities available for sale | 79,421 | 49,794 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | 144,570 | 157,748 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | ||
Impaired loans | 0 | |
Foreclosed real estate | 0 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | 0 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Foreclosed real estate | 0 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Securities available for sale | 0 | 0 |
Equity securities (included in other assets) | 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] | US Treasury and Government [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 | 281 | |
Foreclosed real estate | 36 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | $ 281 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Foreclosed real estate | $ 36 |
Note 8 - Fair Value Measureme_5
Note 8 - Fair Value Measurements - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Securities available for sale | $ 455,279 | $ 447,335 |
Securities held to maturity | 5,618 | 2,004 |
Equity securities (included in other assets) | 1,600 | 1,900 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 83,786 | 172,509 |
Interest-bearing time deposits | 2,454 | 4,839 |
Securities available for sale | 455,279 | |
Securities held to maturity | 7,000 | 2,000 |
Loans held for sale | 1,312 | 2,413 |
Loans, net | 541,593 | 483,287 |
FHLB and other restricted stock | 1,836 | 1,988 |
Accrued interest receivable | 3,714 | 3,430 |
Equity securities (included in other assets) | 1,616 | 1,881 |
Deposits | 1,063,099 | 1,035,562 |
Accrued interest payable | 74 | 97 |
Securities available for sale | 447,335 | |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 83,786 | 172,509 |
Interest-bearing time deposits | 2,357 | 4,965 |
Securities available for sale | 455,279 | |
Securities held to maturity | 5,618 | 2,004 |
Loans held for sale | 1,328 | 2,459 |
Loans, net | 522,724 | 481,961 |
Accrued interest receivable | 3,714 | 3,430 |
Equity securities (included in other assets) | 1,616 | 1,881 |
Deposits | 1,060,968 | 1,035,406 |
Accrued interest payable | 74 | 97 |
Securities available for sale | 447,335 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 83,786 | 172,509 |
Interest-bearing time deposits | 0 | 0 |
Securities available for sale | 0 | |
Securities held to maturity | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Equity securities (included in other assets) | 1,616 | 1,881 |
Deposits | 0 | 0 |
Accrued interest payable | 0 | 0 |
Securities available for sale | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | 0 | 0 |
Interest-bearing time deposits | 2,357 | 4,965 |
Securities available for sale | 455,279 | |
Securities held to maturity | 5,618 | 2,004 |
Loans held for sale | 1,328 | 2,459 |
Loans, net | 0 | 0 |
Accrued interest receivable | 3,714 | 3,430 |
Equity securities (included in other assets) | 0 | 0 |
Deposits | 0 | 0 |
Accrued interest payable | 74 | 97 |
Securities available for sale | 447,335 | |
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 | |
Securities held to maturity | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans, net | 522,724 | 481,961 |
Accrued interest receivable | 0 | 0 |
Equity securities (included in other assets) | 0 | 0 |
Deposits | 1,060,968 | 1,035,406 |
Accrued interest payable | $ 0 | 0 |
Securities available for sale | $ 0 |
Note 9 - Revenue From Contrac_3
Note 9 - Revenue From Contracts With Customers - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Noninterest income | $ 1,856 | $ 1,654 | $ 5,283 | $ 4,738 |
Net gains (losses) on loans and investments | (59) | 536 | 455 | 2,267 |
Increase in cash value of life insurance | 44 | 51 | 157 | 169 |
Other | 32 | 29 | 90 | 86 |
Other noninterest income | 17 | 616 | 702 | 2,522 |
Total noninterest income | 1,873 | 2,270 | 5,985 | 7,260 |
Deposit Account [Member] | ||||
Noninterest income | 618 | 514 | 1,670 | 1,348 |
ATM and Debit Card Fees [Member] | ||||
Noninterest income | 1,059 | 1,009 | 3,132 | 3,027 |
Investment Advisory, Management and Administrative Service [Member] | ||||
Noninterest income | 160 | 103 | 400 | 272 |
Product and Service, Other [Member] | ||||
Noninterest income | $ 19 | $ 28 | $ 81 | $ 91 |