Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2023 | Nov. 03, 2023 | |
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 | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2023 | |
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 $0.01 per share | |
Trading Symbol | FCAP | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 3,350,660 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
ASSETS | ||
Cash and due from banks | $ 18,027 | $ 25,231 |
Interest bearing deposits with banks | 1,222 | 3,820 |
Federal funds sold | 12,181 | 37,247 |
Total cash and cash equivalents | 31,430 | 66,298 |
Interest-bearing time deposits | 4,165 | 3,677 |
Securities available for sale, at fair value (amortized cost $489,187 and $507,466, respectively) | 440,080 | 460,819 |
Securities held to maturity, at amortized cost (fair value $4,472 and $5,311, respectively) | 7,000 | 7,000 |
Loans held for sale | 1,360 | 793 |
Loans, net of allowance for credit losses of $7,786 ($6,772 in 2022) | 602,319 | 557,958 |
Federal Home Loan Bank and other stock, at cost | 1,836 | 1,836 |
Premises and equipment | 14,453 | 14,668 |
Accrued interest receivable | 4,317 | 4,285 |
Cash value of life insurance | 9,057 | 8,899 |
Goodwill | 6,472 | 6,472 |
Core deposit intangible | 269 | 379 |
Other assets | 19,947 | 18,316 |
Total Assets | 1,142,705 | 1,151,400 |
LIABILITIES | ||
Noninterest-bearing | 234,324 | 254,842 |
Interest-bearing | 783,167 | 805,554 |
Total deposits | 1,017,491 | 1,060,396 |
Advances - Federal Home Loan Bank ("FHLB") | 15,000 | 0 |
Borrowed funds - Bank Term Funding Program ("BTFP") | 13,000 | 0 |
Accrued interest payable | 1,506 | 123 |
Accrued expenses and other liabilities | 6,446 | 5,611 |
Total liabilities | 1,053,443 | 1,066,130 |
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 3,803,833 shares (3,804,683 in 2022); outstanding 3,350,660 (3,371,362 in 2022) | 38 | 38 |
Additional paid-in capital | 41,588 | 41,636 |
Retained earnings-substantially restricted | 94,899 | 88,465 |
Unearned stock compensation | (303) | (549) |
Accumulated other comprehensive loss | (37,852) | (35,741) |
Less treasury stock, at cost - 453,173 shares (433,321 in 2022) | (9,216) | (8,691) |
Total First Capital, Inc. stockholders' equity | 89,154 | 85,158 |
Noncontrolling interest in subsidiary | 108 | 112 |
Total equity | 89,262 | 85,270 |
Total Liabilities and Equity | $ 1,142,705 | $ 1,151,400 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Available-for-Sale, Amortized Cost | $ 489,187 | $ 507,466 |
Held-to-Maturity, Fair Value | 4,472 | 5,311 |
Allowance for Credit Loss, loans | $ 7,786 | $ 6,772 |
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) | 3,803,833 | 3,804,683 |
Common stock, shares outstanding (in shares) | 3,350,660 | 3,371,362 |
Treasury Shares (in shares) | 453,173 | 433,321 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Loans, including fees | $ 8,573 | $ 6,533 | $ 24,282 | $ 17,885 |
Securities: | ||||
Taxable | 1,426 | 1,241 | 4,074 | 3,189 |
Tax-exempt | 825 | 829 | 2,559 | 2,350 |
Dividends | 18 | 5 | 40 | 14 |
Federal funds sold and other interest income | 337 | 440 | 1,011 | 713 |
Total interest income | 11,179 | 9,048 | 31,966 | 24,151 |
INTEREST EXPENSE | ||||
Deposits | 2,429 | 390 | 5,578 | 910 |
Advances - FHLB | 50 | 0 | 108 | 0 |
Borrowed funds - BTFP | 163 | 0 | 240 | 0 |
Total interest expense | 2,642 | 390 | 5,926 | 910 |
Net interest income | 8,537 | 8,658 | 26,040 | 23,241 |
Provision for credit losses | 290 | 175 | 833 | 550 |
Net interest income after provision for credit losses | 8,247 | 8,483 | 25,207 | 22,691 |
NONINTEREST INCOME | ||||
Noninterest income | 1,766 | 1,856 | 5,229 | 5,283 |
Gain on sale of securities | 63 | 0 | 49 | 0 |
Unrealized loss on equity securities | (131) | (229) | (86) | (265) |
Gain on sale of loans | 127 | 170 | 317 | 720 |
Increase in cash surrender value of life insurance | 47 | 44 | 158 | 157 |
Other income | 102 | 51 | 225 | 171 |
Total noninterest income | 1,947 | 1,873 | 5,801 | 5,985 |
NONINTEREST EXPENSE | ||||
Compensation and benefits | 3,731 | 3,832 | 11,322 | 10,977 |
Occupancy and equipment | 435 | 462 | 1,328 | 1,385 |
Data processing | 1,113 | 1,047 | 3,225 | 2,909 |
Professional fees | 121 | 152 | 472 | 620 |
Advertising | 62 | 62 | 239 | 203 |
Other expenses | 1,019 | 1,004 | 2,962 | 2,694 |
Total noninterest expense | 6,481 | 6,559 | 19,548 | 18,788 |
Income before income taxes | 3,713 | 3,797 | 11,460 | 9,888 |
Income tax expense | 572 | 669 | 1,770 | 1,516 |
Net Income | 3,141 | 3,128 | 9,690 | 8,372 |
Less: net income attributable to noncontrolling interest in subsidiary | 3 | 3 | 10 | 10 |
Net Income Attributable to First Capital, Inc. | $ 3,138 | $ 3,125 | $ 9,680 | $ 8,362 |
Earnings per common share attributable to First Capital, Inc.: | ||||
Basic (in dollars per share) | $ 0.94 | $ 0.93 | $ 2.89 | $ 2.49 |
Diluted (in dollars per share) | 0.94 | 0.93 | 2.89 | 2.49 |
Dividends per share (in dollars per share) | $ 0.27 | $ 0.26 | $ 0.81 | $ 0.78 |
Deposit Account [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 597 | $ 618 | $ 1,737 | $ 1,670 |
ATM and Debit Card Fees [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | 1,127 | 1,059 | 3,355 | 3,132 |
Investment Advisory, Management and Administrative Service [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income | $ 15 | $ 160 | $ 46 | $ 400 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net income | $ 3,141 | $ 3,128 | $ 9,690 | $ 8,372 |
OTHER COMPREHENSIVE INCOME (LOSS) | ||||
Unrealized holding losses arising during the period | (6,784) | (13,243) | (2,568) | (54,783) |
Income tax benefit | 1,355 | 3,080 | 372 | 12,622 |
Net of tax amount | (5,429) | (10,163) | (2,196) | (42,161) |
Less: reclassification adjustment for realized losses included in net income | 94 | 0 | 108 | 0 |
Income tax benefit | (20) | 0 | (23) | 0 |
Net of tax amount | 74 | 0 | 85 | 0 |
Other Comprehensive Loss, net of tax | (5,355) | (10,163) | (2,111) | (42,161) |
Comprehensive Income (Loss) | (2,214) | (7,035) | 7,579 | (33,789) |
Less: comprehensive income attributable to the noncontrolling interest in subsidiary | 3 | 3 | 10 | 10 |
Comprehensive Income (Loss) Attributable to First Capital, Inc. | $ (2,217) | $ (7,038) | $ 7,569 | $ (33,799) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Deferred Compensation, Share-Based Payments [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Treasury Stock, Common [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Noncontrolling Interest [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Additional Paid-in Capital [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Deferred Compensation, Share-Based Payments [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Treasury Stock, Common [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Noncontrolling Interest [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Deferred Compensation, Share-Based Payments [Member] | Treasury Stock, Common [Member] | Noncontrolling Interest [Member] | Total |
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 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 loss | 0 | 0 | 0 | (10,163) | 0 | 0 | 0 | (10,163) | ||||||||||||||||
Cash dividends | 0 | 0 | (876) | 0 | 0 | 0 | 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 | ||||||||||||||||
Balances (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022 | $ 0 | $ 0 | $ (529) | $ 0 | $ 0 | $ 0 | $ 0 | $ (529) | $ 38 | $ 41,636 | $ 87,936 | $ (35,741) | $ (549) | $ (8,691) | $ 112 | $ 84,741 | ||||||||
Balances at Dec. 31, 2022 | 38 | 41,636 | 88,465 | (35,741) | (549) | (8,691) | 112 | 85,270 | ||||||||||||||||
Net income | 0 | 0 | 9,680 | 0 | 0 | 0 | 10 | 9,690 | ||||||||||||||||
Other comprehensive loss | 0 | 0 | 0 | (2,111) | 0 | 0 | 0 | (2,111) | ||||||||||||||||
Cash dividends | 0 | 0 | (2,717) | 0 | 0 | 0 | (14) | (2,731) | ||||||||||||||||
Stock compensation expense | 0 | 0 | 0 | 0 | 198 | 0 | 0 | 198 | ||||||||||||||||
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (525) | 0 | (525) | ||||||||||||||||
Restricted stock grant forfeitures | 0 | (48) | 0 | 0 | 48 | 0 | 0 | 0 | ||||||||||||||||
Balances at Sep. 30, 2023 | 38 | 41,588 | 94,899 | (37,852) | (303) | (9,216) | 108 | 89,262 | ||||||||||||||||
Balances at Jun. 30, 2023 | 38 | 41,588 | 92,666 | (32,497) | (356) | (9,193) | 105 | 92,351 | ||||||||||||||||
Net income | 0 | 0 | 3,138 | 0 | 0 | 0 | 3 | 3,141 | ||||||||||||||||
Other comprehensive loss | 0 | 0 | 0 | (5,355) | 0 | 0 | 0 | (5,355) | ||||||||||||||||
Cash dividends | 0 | 0 | (905) | 0 | 0 | 0 | 0 | (905) | ||||||||||||||||
Stock compensation expense | 0 | 0 | 0 | 0 | 53 | 0 | 0 | 53 | ||||||||||||||||
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (23) | 0 | (23) | ||||||||||||||||
Balances at Sep. 30, 2023 | $ 38 | $ 41,588 | $ 94,899 | $ (37,852) | $ (303) | $ (9,216) | $ 108 | $ 89,262 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 9,690,000 | $ 8,372,000 |
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 | 1,210,000 | 1,571,000 |
Depreciation and amortization expense | 767,000 | 809,000 |
Deferred income taxes | (264,000) | (40,000) |
Stock compensation expense | 198,000 | 352,000 |
Increase in cash value of life insurance | (158,000) | (157,000) |
Gain on sale of securities | (49,000) | 0 |
Provision for credit losses | 833,000 | 550,000 |
Proceeds from sales of loans | 23,799,000 | 41,655,000 |
Loans originated for sale | (24,049,000) | (39,834,000) |
Gain on sale of loans | (317,000) | (720,000) |
Amortization of tax credit investments | 1,249,000 | 266,000 |
Unrealized loss on equity securities | 86,000 | 265,000 |
Net realized and unrealized gain on foreclosed real estate | 0 | (15,000) |
Increase in accrued interest receivable | (32,000) | (284,000) |
Increase (decrease) in accrued interest payable | 1,383,000 | (23,000) |
Net change in other assets/liabilities | (1,140,000) | (368,000) |
Net Cash Provided By Operating Activities | 13,206,000 | 12,399,000 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Net (increase) decrease in interest-bearing time deposits | (488,000) | 2,385,000 |
Purchase of securities available for sale | (32,839,000) | (87,346,000) |
Purchase of securities held to maturity | 0 | (5,000,000) |
Proceeds from maturities of securities available for sale | 17,630,000 | 5,361,000 |
Proceeds from sales of securities available for sale | 20,202,000 | 0 |
Principal collected on mortgage-backed obligations | 11,971,000 | 17,687,000 |
Proceeds from sale of equity securities | 156,000 | 0 |
Net increase in loans receivable | (45,819,000) | (58,844,000) |
Investment in tax credit entities | (148,000) | 0 |
Investment in technology fund | (200,000) | (100,000) |
Proceeds from sale of foreclosed real estate | 64,000 | 39,000 |
Proceeds from redemption of Federal Home Loan Bank stock | 0 | 152,000 |
Purchase of premises and equipment | (442,000) | (323,000) |
Net Cash Used In Investing Activities | (29,913,000) | (125,989,000) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net (decrease) increase in deposits | (42,905,000) | 27,537,000 |
Net increase in FHLB advances | 15,000,000 | 0 |
Increase in BTFP borrowed funds | 13,000,000 | 0 |
Purchase of treasury stock | (502,000) | 0 |
Taxes paid on stock award shares for employees | (23,000) | (26,000) |
Dividends paid | (2,731,000) | (2,644,000) |
Net Cash (Used In) Provided By Financing Activities | (18,161,000) | 24,867,000 |
Net Decrease in Cash and Cash Equivalents | (34,868,000) | (88,723,000) |
Cash and cash equivalents at beginning of period | 66,298,000 | 172,509,000 |
Cash and Cash Equivalents at End of Period | $ 31,430,000 | $ 83,786,000 |
Note 1 - Presentation of Interi
Note 1 - Presentation of Interim Information | 9 Months Ended |
Sep. 30, 2023 | |
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 13 Captive Subsidiary 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, 2023, three nine September 30, 2023 2022 nine September 30, 2023 2022. 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, 2022 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 |
Note 2 - Recent Accounting Pron
Note 2 - Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | 2. Recent Accounting Pronouncements Recently Adopted Accounting Guidance In June 2016, No. 2016 13, Financial Instruments Credit Losses (Topic 326 In November 2019, No. 2019 10 2016 13 December 15, 2022, not January 1, 2023. Effective January 1, 2023, 2016 13, January 1, 2023. January 1, 2023 326 The Company expanded the loan portfolio segments used to determine the ACL on loans into eight seven January 1, 2023. Segment Amortized Cost at Amortized Cost at Portfolio December 31, 2022 (In thousands) December 31, 2022 Reclassification after Reclassification Residential $ 155,445 $ (155,445 ) $ - 1-4 Family Residential Mortgage - 116,392 116,392 Multifamily Residential - 38,962 38,962 Home Equity and Second Mortgage 58,985 92 59,077 Commercial Real Estate 161,332 (62 ) 161,270 Construction 42,259 (42,259 ) - Land 21,874 (21,874 ) - 1-4 Family Residential Construction - 16,575 16,575 Other Construction, Development and Land - 47,633 47,633 Commercial Business 60,806 7,248 68,054 Other Consumer 64,029 (7,262 ) 56,767 $ 564,730 $ - $ 564,730 Loans Held for Investment Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts, deferred loan fees and costs. The Company grants real estate mortgage, commercial business and consumer loans. 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. Accrued interest receivable on loans totaled $2.1 million at September 30, 2023 ACL Available For Sale ( AFS ) Debt Securities For AFS debt securities in an unrealized loss position, the Company first not not not Changes in the ACL are recorded as a provision for (or recovery of) credit loss expense. Losses are charged against the ACL when management believes that uncollectibility of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on AFS debt securities totaled $2.1 million at September 30, 2023 ACL Held To Maturity Debt Securities Management measures expected credit losses on held to maturity debt securities on a collective basis by major security type. Accrued interest receivable on held to maturity debt securities totaled $18,000 at September 30, 2023 The estimate of expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. At the time of adoption and as of September 30, 2023, ACL Loans The ACL is a valuation account that is deducted from an asset’s amortized cost basis to present the net amount expected to be collected on the asset. Loans are charged off against the ACL when management believes the uncollectibility of a loan balance is confirmed. Expected recoveries do not The Company utilizes a combination of the Open Pool/Snapshot and Weighted Average Remaining Maturity (“WARM”) methods in determining expected future credit losses. The Open Pool/Snapshot method takes a snapshot of a loan portfolio at a point in time in history and tracks that loan portfolio’s performance in the subsequent periods until its ultimate disposition. The WARM method uses average annual charge-off rates and the remaining life of the loan to estimate the ACL. For the Company’s loan portfolios, the remaining contractual life for each loan is adjusted by the expected scheduled payments and estimated prepayments. The average annual charge-off rate is applied to the amortization adjusted remaining life of the loan to determine the unadjusted lifetime historical charge-off rate. The Company’s expected loss estimate is anchored in historical credit loss experience, with an emphasis on all available portfolio data. The Company’s historical look-back periods for the loan portfolio range from one 10 The Company estimates the ACL on loans using relevant available information from internal and external sources relating to past events, current conditions, and reasonable and supportable forecasts. Historical loss experience provides the basis for the estimation of expected credit losses. Qualitative adjustments to historical loss information are made for losses reflected by peers, changes in underwriting standards, changes in economic conditions, changes in delinquency levels, collateral values and other factors. Qualitative adjustments reflect management’s overall estimate of the extent to which current expected credit losses on collectively evaluated loans will differ from historical loss experience. The analysis takes into consideration industry and collateral concentrations, acquired loan portfolio characteristics and other credit-related analytics as deemed appropriate. 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. The ACL is measured on a collective (pooled) basis when similar risk characteristics exist. The Company’s pools/segments are largely determined based on loan types as defined by Call Report instructions. The Company has identified and utilizes the following portfolio segments: 1–4 1–4 1 4 1st may Home Equity and Second Mortgage – Home Equity and Second Mortgage loans and lines of credit are primarily secured by 1 4 may 1–4 Multi-family Residential – Multi-family Residential loans are primarily secured by properties such as apartment complexes and other multi-tenant properties within the Company’s market area. In some situations, the collateral may may 1–4 1–4 1 4 may Other Construction, Development and Land – Other Construction, Development and Land loans include loans secured by multi-family properties, commercial projects, and vacant land. This portfolio includes both owner-occupied and speculative investment properties. Risks inherent in construction lending are related to the market value of the property held as collateral, the cost and timing of constructing or improving a property, the borrower’s ability to use funds generated by a project to service a loan until a project is completed, movements in interest rates and the real estate market during the construction phase, and the ability of the borrower to obtain permanent financing. Commercial Real Estate – Commercial Real Estate loans are comprised of loans secured by various types of collateral including warehouses, retail space, and mixed-use buildings, among others, located in the Company’s primary lending area. Risks related to commercial real estate lending are related to the market value of the property taken as collateral, the underlying cash flows, and general economic condition of the local real estate market. Repayment of these loans is generally dependent on the ability of the borrower to attract tenants at lease rates that provide for adequate debt service and can be impacted by local economic conditions which impact vacancy rates. The Company generally obtains loan guarantees from financially capable parties for Commercial Real Estate loans. To a lesser degree, this segment also includes loans secured by farmland. The risks associated with loans secured by farmland are related to the market value of the property taken as collateral and the underlying cash flows from farming operations and general economic conditions. Commercial Business – Commercial Business loans include lines of credit to businesses, term loans and letters of credit secured by business assets such as equipment, accounts receivable, inventory, or other assets excluding real estate. Loans in this portfolio may Other Consumer – Other Consumer loans consist of loans secured by new and used automobiles and trucks, recreational vehicles such as boats and RVs, mobile homes and secured and unsecured loans to individuals. The risks associated with these loans are related to local economic conditions including the unemployment level. To a lesser degree, this segment also includes loans secured by lawn and farm equipment as well as farm output. The risks associated with these loans are related to local economic conditions including the unemployment level, as well as general economic conditions impacting crop prices and the supply chain. Loans that do not not ACL Off-Balance Sheet Credit Exposures The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The ACL on off-balance sheet credit exposures is included in other liabilities on the consolidated balance sheets and is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. Expected utilization rates based on Regulatory Credit Conversion Factors are compared to the current funded portion of the total commitment amount as a practical expedient for funded exposure at default. In March 2022, No. 2022 02, Financial Instruments Credit Losses (Topic 326 TDR ) and Vintage Disclosures 2022 02 2016 13 no Recently Issued but Not In June 2022, No. 2022 03, Fair Value Measurements (Topic 820 not not December 15, 2023, not In March 2023, No. 2023 02, Investments Equity Method and Joint Ventures (Topic 323 December 15, 2023, 2023 02 6 Renewable Energy Tax Credit Investment not The Company has determined that all other recently issued accounting pronouncements will not not |
Note 3 - Investment Securities
Note 3 - Investment Securities | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Investments in Debt and Equity Instruments, Cash and Cash Equivalents, Unrealized and Realized Gains (Losses) [Text Block] | 3. Investment Securities Investment securities have been classified in the consolidated balance sheets according to management’s intent. Investment securities at September 30, 2023 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value September 30, 2023 Securities available for sale: Agency mortgage-backed securities $ 84,385 $ - $ 12,312 $ 72,073 Agency CMO 23,439 - 624 22,815 Other debt securities: Agency notes and bonds 147,195 - 12,203 134,992 Treasury notes and bonds 76,527 - 2,813 73,714 Municipal obligations 157,641 2 21,157 136,486 Total securities available for sale $ 489,187 $ 2 $ 49,109 $ 440,080 Securities held to maturity: Other debt securities: Corporate notes $ 7,000 $ - $ 2,528 $ 4,472 Total securities held to maturity $ 7,000 $ - $ 2,528 $ 4,472 December 31, 2022 Securities available for sale: Agency mortgage-backed securities $ 95,056 $ - $ 11,193 $ 83,863 Agency CMO 9,682 20 349 9,353 Other debt securities: Agency notes and bonds 151,143 - 13,162 137,981 Treasury notes and bonds 82,646 - 3,914 78,732 Municipal obligations 168,939 177 18,226 150,890 Total securities available for sale $ 507,466 $ 197 $ 46,844 $ 460,819 Securities held to maturity: Other debt securities: Corporate notes $ 7,000 $ - $ 1,689 $ 5,311 Total securities held to maturity $ 7,000 $ - $ 1,689 $ 5,311 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 issued by other bank holding companies. The amortized cost and fair value of debt securities as of September 30, 2023, 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 $ 65,774 $ 64,401 $ - $ - Due after one year through five years 177,859 163,024 - - Due after five years through ten years 45,517 41,252 2,000 1,291 Due after ten years 92,213 76,515 5,000 3,181 381,363 345,192 7,000 4,472 Mortgage-backed securities and CMO 107,824 94,888 - - $ 489,187 $ 440,080 $ 7,000 $ 4,472 Information pertaining to investment securities with gross unrealized losses at September 30, 2023, Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) September 30, 2023: Securities available for sale: Continuous loss position less than twelve months: Agency CMO 7 $ 17,601 $ 246 Agency notes and bonds 6 5,210 108 Muncipal obligations 124 58,212 4,680 Total less than twelve months 137 81,023 5,034 Continuous loss position more than twelve months: Agency mortgage-backed securities 97 72,073 12,312 Agency CMO 23 5,214 378 Agency notes and bonds 55 129,035 12,095 Treasury notes and bonds 27 73,714 2,813 Muncipal obligations 135 76,541 16,477 Total more than twelve months 337 356,577 44,075 Total securities available for sale 474 $ 437,600 $ 49,109 Securities held to maturity: Continuous loss position more than twelve months: Corporate notes 4 $ 4,472 $ 2,528 Total more than twelve months 4 4,472 2,528 Total held to maturity 4 $ 4,472 $ 2,528 Information pertaining to investment securities with gross unrealized losses at December 31, 2022, Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) December 31, 2022: Securities available for sale: Continuous loss position less than twelve months: Agency mortgage-backed securities 69 $ 27,561 $ 2,214 Agency CMO 23 6,287 336 Agency notes and bonds 15 35,079 1,314 Treasury notes and bonds 17 31,615 997 Muncipal obligations 154 81,218 5,960 Total less than twelve months 278 181,760 10,821 Continuous loss position more than twelve months: Agency mortgage-backed securities 28 56,303 8,979 Agency CMO 3 257 13 Agency notes and bonds 45 102,902 11,848 Treasury notes and bonds 13 47,117 2,917 Muncipal obligations 98 52,279 12,266 Total more than twelve months 187 258,858 36,023 Total securities available for sale 465 $ 440,618 $ 46,844 Securities held to maturity: Continuous loss position less than twelve months: Corporate notes 3 $ 3,779 $ 1,221 Total less than twelve months 3 3,779 1,221 Continuous loss position more than twelve months: Corporate notes 1 1,532 468 Total more than twelve months 1 1,532 468 Total securities held to maturity 4 $ 5,311 $ 1,689 The Company has not not September 30, 2023, no In addition, management assesses held to maturity securities for credit losses on a quarterly basis. The assessment includes review of performance metrics, identification of delinquency and evaluation of market factors. Based on this analysis, management concludes the decline in fair value is due to changes in interest rates and other market factors. Accordingly, no credit loss provision was recorded in earnings for the three nine September 30, 2023. At September 30, 2023, first September 30, 2023, no On January 1, 2023, 2016 13, 2016 13 January 1, 2023 September 30, 2023, While management does not September 30, 2023, may During the three September 30, 2023, nine September 30, 2023 three nine September 30, 2022. Certain debt securities available for sale were pledged to secure public fund deposits and advances through the Federal Reserve Bank’s Bank Term Funding Program (“BTFP”) at September 30, 2023 December 31, 2022. Equity Securities In September 2018, three September 30, 2023 2022, nine September 30, 2023 2022, September 30, 2023 December 31, 2022, In October 2021, September 30, 2023 December 31, 2022, September 30, 2023 December 31, 2022 2026. three nine September 30, 2023 2022. In December 2015, three nine September 30, 2023, no three nine September 30, 2022. |
Note 4 - Loans and Allowance fo
Note 4 - Loans and Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. Loans and Allowance for Credit Losses Additional information regarding the Company’s loan and ACL on loan policies and loan portfolios follow: 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. 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 Refer to Note 2 ACL Loans 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 September 30, 2023 The Company held no foreclosed real estate at either September 30, 2023 December 31, 2022. September 30, 2023 December 31, 2022, Loans at September 30, 2023 December 31, 2022 September 30, December 31, (In thousands) 2023 2022 (As reclassified) 1-4 Family Residential Mortgage $ 132,662 $ 116,269 Home Equity and Second Mortgage 59,815 57,872 Multifamily Residential 40,168 38,973 1-4 Family Residential Construction 15,936 16,575 Other Construction, Development and Land 66,629 47,632 Commercial Real Estate 171,151 161,362 Commercial Business 65,905 68,066 Other Consumer 56,659 56,768 Principal loan balance 608,925 563,517 Deferred loan origination fees and costs, net 1,180 1,213 Allowance for credit losses (7,786 ) (6,772 ) Loans, net $ 602,319 $ 557,958 The following table provides the components of the Company’s amortized cost basis in loans at September 30, 2023: Other 1-4 Family Home Equity 1-4 Family Construction, Residential and Second Multifamily Residential Development Commercial Commercial Other Mortgage Mortgage Residential Construction and Land Real Estate Business Consumer Total (In thousands) Amortized Cost Basis in Loans: Principal loan balance $ 132,662 $ 59,815 $ 40,168 $ 15,936 $ 66,629 $ 171,151 $ 65,905 $ 56,659 $ 608,925 Net deferred loan origination fees and costs 124 1,237 (16 ) - (40 ) (114 ) (11 ) - 1,180 Amortized cost basis in loans $ 132,786 $ 61,052 $ 40,152 $ 15,936 $ 66,589 $ 171,037 $ 65,894 $ 56,659 $ 610,105 An analysis of the changes in the ACL on loans for the three nine September 30, 2023 Other 1-4 Family Home Equity 1-4 Family Construction, Residential and Second Multifamily Residential Development Commercial Commercial Other Mortgage Mortgage Residential Construction and Land Real Estate Business Consumer Total (In thousands) ACL on Loans: Changes in the ACL on Loans for the three months ended September 30, 2023 Beginning balance $ 1,469 $ 363 $ 614 $ 171 $ 460 $ 2,016 $ 1,564 $ 858 $ 7,515 Provision for credit losses 70 18 (112 ) 7 187 91 (219 ) 248 290 Charge-offs - (2 ) - - - - - (59 ) (61 ) Recoveries 6 2 - - - - - 34 42 Ending balance $ 1,545 $ 381 $ 502 $ 178 $ 647 $ 2,107 $ 1,345 $ 1,081 $ 7,786 Changes in the ACL on Loans for the nine months ended September 30, 2023 Beginning balance, prior to adoption of ASC 326 $ 1,036 $ 531 $ 346 $ 206 $ 587 $ 2,029 $ 1,156 $ 881 $ 6,772 Impact of adopting ASC 326 423 (26 ) (3 ) (9 ) 13 (130 ) (142 ) 435 561 Provision for credit losses 96 (115 ) 159 (19 ) 47 208 511 (54 ) 833 Charge-offs (31 ) (11 ) - - - - (188 ) (341 ) (571 ) Recoveries 21 2 - - - - 8 160 191 Ending balance $ 1,545 $ 381 $ 502 $ 178 $ 647 $ 2,107 $ 1,345 $ 1,081 $ 7,786 Accrued interest on loans of $2.1 million at September 30, 2023, Collateral dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. There have been no September 30, 2023: Real ACL Estate Other Total Allocation (In thousands) 1-4 Family Residential Mortgage $ 1,705 $ - $ 1,705 $ 10 Home Equity and Second Mortgage 587 - 587 - Multifamily Residential - - - - 1-4 Family Residential Construction - - - - Other Construction, Development and Land 52 - 52 - Commercial Real Estate 1,068 - 1,068 - Commercial Business - 153 153 - Other Consumer - - - - $ 3,412 $ 153 $ 3,565 $ 10 Nonperforming loans consists of nonaccrual loans and loans past due and still accruing interest. The following table presents the amortized cost basis of loans on nonaccrual status and loans 90 September 30, 2023: Loans 90+ Days Total Nonaccrual Loans Nonaccrual Loans Total Past Due Nonperforming with No ACL with An ACL Nonaccrual Still Accruing Loans (In thousands) 1-4 Family Residential Mortgage $ 1,088 $ 36 $ 1,124 $ - $ 1,124 Home Equity and Second Mortgage 457 - 457 - 457 Multifamily Residential - - - - - 1-4 Family Residential Construction - - - - - Other Construction, Development and Land 52 - 52 - 52 Commercial Real Estate - - - - - Commercial Business - - - - - Other Consumer - - - - - Total $ 1,597 $ 36 $ 1,633 $ - $ 1,633 No three nine September 30, 2023. The following table presents the aging of the amortized cost basis in loans at September 30, 2023: 30-59 Days 60-89 Days 90 Days or More Total Total Past Due Past Due Past Due Past Due Current Loans (In thousands) 1-4 Family Residential Mortgage $ 1,466 $ 601 $ 510 $ 2,577 $ 130,209 $ 132,786 Home Equity and Second Mortgage 211 59 - 270 60,782 61,052 Multifamily Residential - - - - 40,152 40,152 1-4 Family Residential Construction - - - - 15,936 15,936 Other Construction, Development and Land - - 52 52 66,537 66,589 Commercial Real Estate 103 - - 103 170,934 171,037 Commercial Business - - - - 65,894 65,894 Other Consumer 193 31 - 224 56,435 56,659 Total $ 1,973 $ 691 $ 562 $ 3,226 $ 606,879 $ 610,105 Occasionally, the Company modifies loans to borrowers in financial distress. During the three nine September 30, 2023, 12 three nine September 30, 2023. September 30, 2023 December 31, 2022. There were no TDRs that were restructured during the three nine September 30, 2022. no no three nine September 30, 2022. 12 three nine September 30, 2022. Credit Quality Indicators 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: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loss: Loans classified as loss are considered uncollectible and of such little value that their continuance on the institution’s books as an asset is not Loans not Based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Total (In thousands) 1-4 Family Residential Mortgage Pass $ 30,516 $ 32,048 $ 26,593 $ 7,275 $ 9,747 $ 24,902 $ - $ 131,081 Special Mention - - - - - - - - Substandard - 48 36 - 266 231 - 581 Doubtful - - 196 82 - 846 - 1,124 $ 30,516 $ 32,096 $ 26,825 $ 7,357 $ 10,013 $ 25,979 $ - $ 132,786 Current period gross write-offs $ - $ - $ 2 $ - $ - $ 29 $ - $ 31 Home Equity and Second Mortgage Pass $ 4,046 $ 4,706 $ 549 $ 247 $ 189 $ 357 $ 50,372 $ 60,466 Special Mention - - - - - - - - Substandard - - - - - - 129 129 Doubtful - - - - 266 191 - 457 $ 4,046 $ 4,706 $ 549 $ 247 $ 455 $ 548 $ 50,501 $ 61,052 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ 11 $ 11 Multifamily Residential Pass $ 3,052 $ 10,567 $ 9,573 $ 8,007 $ 4,367 $ 4,586 $ - $ 40,152 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - $ 3,052 $ 10,567 $ 9,573 $ 8,007 $ 4,367 $ 4,586 $ - $ 40,152 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Total (In thousands) 1-4 Family Residential Construction Pass $ 6,494 $ 6,777 $ 1,334 $ 1,073 $ - $ 258 $ - $ 15,936 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - $ 6,494 $ 6,777 $ 1,334 $ 1,073 $ - $ 258 $ - $ 15,936 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Other Construction, Development and Land Pass $ 19,075 $ 32,255 $ 7,901 $ 2,718 $ 1,262 $ 3,277 $ - $ 66,488 Special Mention - - - - - 49 - 49 Substandard - - - - - - - - Doubtful - - - - - 52 - 52 $ 19,075 $ 32,255 $ 7,901 $ 2,718 $ 1,262 $ 3,378 $ - $ 66,589 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Commercial Real Estate Pass $ 13,027 $ 40,958 $ 30,565 $ 21,288 $ 18,502 $ 41,503 $ 1,862 $ 167,705 Special Mention 829 - - 399 422 64 549 2,263 Substandard - - - 233 - 836 - 1,069 Doubtful - - - - - - - - $ 13,856 $ 40,958 $ 30,565 $ 21,920 $ 18,924 $ 42,403 $ 2,411 $ 171,037 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Commercial Business Pass $ 12,585 $ 15,709 $ 11,671 $ 5,979 $ 5,686 $ 3,803 $ 9,962 $ 65,395 Special Mention - 28 18 51 163 87 347 Substandard - - - - 41 - 111 152 Doubtful - - - - - - - - $ 12,585 $ 15,737 $ 11,689 $ 6,030 $ 5,890 $ 3,803 $ 10,160 $ 65,894 Current period gross write-offs $ - $ 154 $ 2 $ 26 $ - $ 6 $ - $ 188 Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Total (In thousands) Other Consumer Pass $ 19,945 $ 15,764 $ 8,897 $ 3,125 $ 1,163 $ 5,623 $ 2,049 $ 56,566 Special Mention - - - - - - - - Substandard - - - - - - 93 93 Doubtful - - - - - - - - $ 19,945 $ 15,764 $ 8,897 $ 3,125 $ 1,163 $ 5,623 $ 2,142 $ 56,659 Current period gross write-offs $ 11 $ 49 $ 96 $ 20 $ 24 $ 51 $ 90 $ 341 Total Loans Pass $ 108,740 $ 158,784 $ 97,083 $ 49,712 $ 40,916 $ 84,309 $ 64,245 $ 603,789 Special Mention 829 28 18 450 585 113 636 2,659 Substandard - 48 36 233 307 1,067 333 2,024 Doubtful - - 196 82 266 1,089 - 1,633 $ 109,569 $ 158,860 $ 97,333 $ 50,477 $ 42,074 $ 86,578 $ 65,214 $ 610,105 Current period gross write-offs $ 11 $ 203 $ 100 $ 46 $ 24 $ 86 $ 101 $ 571 Allowance for Loan Losses Prior to the adoption of ASC 326 January 1, 2023, 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, 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 $ 155,334 $ 21,860 $ 42,271 $ 161,425 $ 60,817 $ 57,781 $ 64,029 $ 563,517 Accrued interest receivable 493 123 105 343 170 348 236 1,818 Net deferred loan origination fees and costs 111 14 (12 ) (93 ) (11 ) 1,204 - 1,213 Recorded investment in loans $ 155,938 $ 21,997 $ 42,364 $ 161,675 $ 60,976 $ 59,333 $ 64,265 $ 566,548 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 854 $ 51 $ - $ 463 $ 195 $ 372 $ - $ 1,935 Collectively evaluated for impairment 154,798 21,946 42,364 161,212 60,781 58,961 64,265 564,327 Acquired with deteriorated credit quality 286 - - - - - - 286 Ending balance $ 155,938 $ 21,997 $ 42,364 $ 161,675 $ 60,976 $ 59,333 $ 64,265 $ 566,548 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, 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 $ - $ - $ - $ - $ 155 $ - $ - $ 155 Collectively evaluated for impairment 1,383 265 526 2,031 891 530 991 6,617 Acquired with deteriorated credit quality - - - - - - - - Ending balance $ 1,383 $ 265 $ 526 $ 2,031 $ 1,046 $ 530 $ 991 $ 6,772 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 At September 30, 2022 December 31, 2022, not The following table summarizes the Company’s impaired loans as of September 30, 2022 three nine September 30, 2022. not three nine September, 2022: At September 30, 2022 Three Months Ended September 30, 2022 Nine Months Ended 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 as of December 31, 2022: Unpaid Recorded Principal Related Investment Balance Allowance (In thousands) Loans with no related allowance recorded: Residential $ 854 $ 996 $ - Land 51 51 - Construction - - - Commercial real estate 463 484 - Commercial business 40 40 - Home equity and second mortgage 372 389 - Other consumer - - - $ 1,780 $ 1,960 $ - Loans with an allowance recorded: Residential $ - $ - $ - Land - - - Construction - - - Commercial real estate - - - Commercial business 155 155 155 Home equity and second mortgage - - - Other consumer - - - $ 155 $ 155 $ 155 Total: Residential $ 854 $ 996 $ - Land 51 51 - Construction - - - Commercial real estate 463 484 - Commercial business 195 195 155 Home equity and second mortgage 372 389 - Other consumer - - - $ 1,935 $ 2,115 $ 155 The following table presents the recorded investment in nonperforming loans at December 31, 2022: December 31, 2022 Loans 90+ Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) Residential $ 744 $ 83 $ 827 Land 51 - 51 Construction - - - Commercial real estate 81 - 81 Commercial business 155 - 155 Home equity and second mortgage 372 - 372 Other consumer - 4 4 Total $ 1,403 $ 87 $ 1,490 The following table presents the aging of the recorded investment in loans at December 31, 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 $ 2,229 $ 226 $ 543 $ 2,998 $ 152,654 $ 286 $ 155,938 Land 119 - 51 170 21,827 - 21,997 Construction - - - - 42,364 - 42,364 Commercial real estate - - - - 161,675 - 161,675 Commercial business - - 155 155 60,821 - 60,976 Home equity and second mortgage 206 278 93 577 58,756 - 59,333 Other consumer 211 72 4 287 63,978 - 64,265 Total $ 2,765 $ 576 $ 846 $ 4,187 $ 562,075 $ 286 $ 566,548 The following table presents the recorded investment in loans by risk category as of December 31, 2022: Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Pass $ 154,429 $ 21,827 $ 42,364 $ 159,842 $ 60,261 $ 58,937 $ 64,149 $ 561,809 Special Mention - 60 - 679 388 - 116 1,243 Substandard 765 59 - 1,073 172 24 - 2,093 Doubtful 744 51 - 81 155 372 - 1,403 Loss - - - - - - - - Total $ 155,938 $ 21,997 $ 42,364 $ 161,675 $ 60,976 $ 59,333 $ 64,265 $ 566,548 Purchased Credit Deteriorated ( PCD ) Loans The Company has purchased groups of loans, some of which have experienced more than insignificant credit deterioration since origination. An ACL for PCD loans is determined using the same methodology as other loans held for investment. Upon adoption of ASC 326, 310 30 326, September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022. ACL on Off-Balance-Sheet Credit Exposures The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The Company recorded an ACL for unfunded commitments of $131,000 in conjunction with the Company’s adoption of ASU 2016 13 January 1, 2023. three nine September 30, 2023. |
Note 5 - Qualified Affordable H
Note 5 - Qualified Affordable Housing Project Investment | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Investment [Text Block] | 5. Qualified Affordable Housing Project Investment On January 19, 2018, September 30, 2023 December 31, 2022, September 30, 2023 December 31, 2022, 2029. The investment is accounted for using the proportional amortization method. During the three September 30, 2023 2022, three September 30, 2023 2022, nine September 30, 2023 2022, $266,000, respectively, which was included as a component of income tax expense on the consolidated statements of income. Additionally, during the nine September 30, 2023 2022, |
Note 6 - Renewable Energy Tax C
Note 6 - Renewable Energy Tax Credit Investment | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Renewable Energy Tax Credit Investment [Text Block] | 6. Renewable Energy Tax Credit Investment On April 21, 2023, September 30, 2023, September 30, 2023 December 31, 2023. June 2, 2023 April 30, 2024. The investment is accounted for using the proportional amortization method. During the three nine September 30, 2023, three nine September 30, 2023, |
Note 7 - Borrowed Funds
Note 7 - Borrowed Funds | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Short-Term Debt [Text Block] | 7. Borrowed Funds At September 30, 2023, December 31, 2022. three nine September 30, 2022. During the three nine September 30, 2023, seven The following table sets forth information on the short-term FHLB advances during the periods presented: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Dollars in thousands) Variable-rate advances Maximum balance at any month end $ 5,000 $ - $ 5,000 $ - Average balance 1,359 - 572 - Period end balance 5,000 - 5,000 - Weighted average interest rate (annualized): At end of period 5.73 % - 5.73 % - During the period 6.09 % - 5.94 % - Fixed-rate bullet advances Maximum balance at any month end $ 10,000 $ - $ 15,000 $ - Average balance 1,956 - 2,050 - Period end balance 10,000 - 10,000 - Weighted average interest rate (annualized): At end of period 5.59 % - 5.59 % - During the period 6.02 % - 5.40 % - FHLB advances are secured under a blanket collateral agreement. At September 30, 2023, On March 12, 2023, one not one May 19, 2023. September 30, 2023, |
Note 8 - Supplemental Disclosur
Note 8 - Supplemental Disclosure for Earnings Per Share | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 8. Supplemental Disclosure for Earnings Per Share Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Dollars in thousands, except per share data) Basic Earnings: Net income attributable to First Capital, Inc. $ 3,138 $ 3,125 $ 9,680 $ 8,362 Shares: Weighted average common shares outstanding 3,345,869 3,358,800 3,347,823 3,353,459 Net income attributable to First Capital, Inc. per common share, basic $ 0.94 $ 0.93 $ 2.89 $ 2.49 Diluted Earnings: Net income attributable to First Capital, Inc. $ 3,138 $ 3,125 $ 9,680 $ 8,362 Shares: Weighted average common shares outstanding 3,345,869 3,358,800 3,347,823 3,353,459 Add: Dilutive effect of restricted stock - - - - Weighted average common shares outstanding, as adjusted 3,345,869 3,358,800 3,347,823 3,353,459 Net income attributable to First Capital, Inc. per common share, diluted $ 0.94 $ 0.93 $ 2.89 $ 2.49 Nonvested restricted stock shares are not three nine September 30, 2023. three nine September 30, 2022. |
Note 9 - Stock-based Compensati
Note 9 - Stock-based Compensation Plan | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | 9. 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, 2023, 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, 2023, 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, 2023 three nine September 30, 2022 three September 30, 2023 2022, nine September 30, 2023 2022, A summary of the Company’s nonvested restricted shares under the Plan as of September 30, 2023 nine Weighted Number Average of Grant Date Shares Fair Value Nonvested at January 1, 2023 12,550 $ 57.07 Granted - - Vested 6,100 51.12 Forfeited 850 56.76 Nonvested at September 30, 2023 5,600 $ 63.60 There were 6,100 shares that vested during the nine September 30, 2023 nine September 30, 2022 nine September 30, 2023 2022 September 30, 2023, |
Note 10 - Supplemental Disclosu
Note 10 - Supplemental Disclosures of Cash Flow Information | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 10. Supplemental Disclosures of Cash Flow Information Nine Months Ended September 30, 2023 2022 ( In thousands Cash payments for: Interest $ 4,543 $ 933 Taxes (net of refunds received) 1,806 1,881 Noncash investing activities: Transfers from loans to real estate acquired through foreclosure $ 72 $ - |
Note 11 - Fair Value Measuremen
Note 11 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 11. Fair Value Measurements FASB ASC Topic 820 , Fair Value Measurements, 1 3 three 820 Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted market price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. Level 2: Inputs to the valuation methodology include quoted market prices for similar assets or liabilities in active markets; quoted market prices for identical or similar assets or liabilities in markets that are not Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of September 30, 2023 December 31, 2022. September 30, 2023 December 31, 2022. Carrying Value (In thousands) Level 1 Level 2 Level 3 Total September 30, 2023 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 72,073 $ - $ 72,073 Agency CMO - 22,815 - 22,815 Agency notes and bonds - 134,992 - 134,992 Treasury notes and bonds - 73,714 - 73,714 Municipal obligations - 136,486 - 136,486 Total securities available for sale $ - $ 440,080 $ - $ 440,080 Equity securities $ 1,381 $ - $ - 1,381 Assets Measured on a Nonrecurring Basis Collateral dependent loans: 1-4 Family Residential Mortgage $ - $ - $ 27 $ 27 Total collateral dependent loans $ - $ - $ 27 $ 27 December 31, 2022 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 83,863 $ - $ 83,863 Agency CMO - 9,353 - 9,353 Agency notes and bonds - 137,981 - 137,981 Treasury notes and bonds - 78,732 - 78,732 Municipal obligations - 150,890 - 150,890 Total securities available for sale $ - $ 460,819 $ - $ 460,819 Equity securities $ 1,467 $ - $ - 1,467 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 Loans Held for Sale. 2 September 30, 2023 December 31, 2022 , not Collateral Dependent Impaired Loans 3 Collateral dependent impaired loans with specific allocations of ACL are measured at the fair value of the collateral less estimated costs to sell. Collateral may At September 30, 2023, three September 30, 2023. nine September 30, 2023. three nine September 30, 2022, There have been no three September 30, 2023 2022. no 3 three September 30, 2023 2022. 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, 2023: Financial assets: Cash and cash equivalents $ 31,430 $ 31,430 $ 31,430 $ - $ - Interest-bearing time deposits 4,165 4,119 - 4,119 - Securities available for sale 440,080 440,080 - 440,080 - Securities held to maturity 7,000 4,472 - 4,472 - Loans held for sale 1,360 1,379 - 1,379 - Loans, net 602,319 598,364 - - 598,364 FHLB and other restricted stock 1,836 N/A N/A N/A N/A Accrued interest receivable 4,317 4,317 - 4,317 - Equity securities (included in other assets) 1,381 1,381 1,381 - - Financial liabilities: Deposits 1,017,491 1,015,375 - - 1,015,375 Borrowed funds 28,000 27,946 27,946 Accrued interest payable 1,506 1,506 - 1,506 - December 31, 2022: Financial assets: Cash and cash equivalents $ 66,298 $ 66,298 $ 66,298 $ - $ - Interest-bearing time deposits 3,677 3,638 - 3,638 - Securities available for sale 460,819 460,819 - 460,819 - Securities held to maturity 7,000 5,311 - 5,311 - Loans held for sale 793 803 - 803 - Loans, net 557,958 554,634 - - 554,634 FHLB and other restricted stock 1,836 N/A N/A N/A N/A Accrued interest receivable 4,285 4,285 - 4,285 - Equity securities (included in other assets) 1,467 1,467 1,467 - - Financial liabilities: Deposits 1,060,396 1,058,122 - - 1,058,122 Accrued interest payable 123 123 - 123 - 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 securities and interest-bearing time deposits in other financial institutions 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, fixed-maturity certificates of deposit and borrowed funds 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, 2023 December 31, 2022 may |
Note 12 - Revenue From Contract
Note 12 - Revenue From Contracts With Customers | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 12. 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, 2023 2022: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Service charges on deposit accounts $ 597 $ 618 $ 1,737 $ 1,670 ATM and debit card fees 1,127 1,059 3,355 3,132 Investment advisory income 15 160 46 400 Other 27 19 91 81 Revenue from contracts with customers 1,766 1,856 5,229 5,283 Net gain (loss) on loans and investments 59 (59 ) 280 455 Increase in cash value of life insurance 47 44 158 157 Other 75 32 134 90 Other noninterest income 181 17 572 702 Total noninterest income $ 1,947 $ 1,873 $ 5,801 $ 5,985 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 13 - Captive Subsidiary
Note 13 - Captive Subsidiary | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Contingencies Disclosure [Text Block] | 13. Captive Subsidiary As described in Note 1, nine third may not April 10, 2023, 2023 74 may not August 2023. not September 30, 2023. December 2023. |
Note 2 - Recent Accounting Pr_2
Note 2 - Recent Accounting Pronouncements (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Accounting Standards Update and Change in Accounting Principle [Table Text Block] | Segment Amortized Cost at Amortized Cost at Portfolio December 31, 2022 (In thousands) December 31, 2022 Reclassification after Reclassification Residential $ 155,445 $ (155,445 ) $ - 1-4 Family Residential Mortgage - 116,392 116,392 Multifamily Residential - 38,962 38,962 Home Equity and Second Mortgage 58,985 92 59,077 Commercial Real Estate 161,332 (62 ) 161,270 Construction 42,259 (42,259 ) - Land 21,874 (21,874 ) - 1-4 Family Residential Construction - 16,575 16,575 Other Construction, Development and Land - 47,633 47,633 Commercial Business 60,806 7,248 68,054 Other Consumer 64,029 (7,262 ) 56,767 $ 564,730 $ - $ 564,730 |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Gross Gross Amortized Unrealized Unrealized Fair (In thousands) Cost Gains Losses Value September 30, 2023 Securities available for sale: Agency mortgage-backed securities $ 84,385 $ - $ 12,312 $ 72,073 Agency CMO 23,439 - 624 22,815 Other debt securities: Agency notes and bonds 147,195 - 12,203 134,992 Treasury notes and bonds 76,527 - 2,813 73,714 Municipal obligations 157,641 2 21,157 136,486 Total securities available for sale $ 489,187 $ 2 $ 49,109 $ 440,080 Securities held to maturity: Other debt securities: Corporate notes $ 7,000 $ - $ 2,528 $ 4,472 Total securities held to maturity $ 7,000 $ - $ 2,528 $ 4,472 December 31, 2022 Securities available for sale: Agency mortgage-backed securities $ 95,056 $ - $ 11,193 $ 83,863 Agency CMO 9,682 20 349 9,353 Other debt securities: Agency notes and bonds 151,143 - 13,162 137,981 Treasury notes and bonds 82,646 - 3,914 78,732 Municipal obligations 168,939 177 18,226 150,890 Total securities available for sale $ 507,466 $ 197 $ 46,844 $ 460,819 Securities held to maturity: Other debt securities: Corporate notes $ 7,000 $ - $ 1,689 $ 5,311 Total securities held to maturity $ 7,000 $ - $ 1,689 $ 5,311 |
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 $ 65,774 $ 64,401 $ - $ - Due after one year through five years 177,859 163,024 - - Due after five years through ten years 45,517 41,252 2,000 1,291 Due after ten years 92,213 76,515 5,000 3,181 381,363 345,192 7,000 4,472 Mortgage-backed securities and CMO 107,824 94,888 - - $ 489,187 $ 440,080 $ 7,000 $ 4,472 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) September 30, 2023: Securities available for sale: Continuous loss position less than twelve months: Agency CMO 7 $ 17,601 $ 246 Agency notes and bonds 6 5,210 108 Muncipal obligations 124 58,212 4,680 Total less than twelve months 137 81,023 5,034 Continuous loss position more than twelve months: Agency mortgage-backed securities 97 72,073 12,312 Agency CMO 23 5,214 378 Agency notes and bonds 55 129,035 12,095 Treasury notes and bonds 27 73,714 2,813 Muncipal obligations 135 76,541 16,477 Total more than twelve months 337 356,577 44,075 Total securities available for sale 474 $ 437,600 $ 49,109 Securities held to maturity: Continuous loss position more than twelve months: Corporate notes 4 $ 4,472 $ 2,528 Total more than twelve months 4 4,472 2,528 Total held to maturity 4 $ 4,472 $ 2,528 Number of Gross Investment Fair Unrealized Positions Value Losses (Dollars in thousands) December 31, 2022: Securities available for sale: Continuous loss position less than twelve months: Agency mortgage-backed securities 69 $ 27,561 $ 2,214 Agency CMO 23 6,287 336 Agency notes and bonds 15 35,079 1,314 Treasury notes and bonds 17 31,615 997 Muncipal obligations 154 81,218 5,960 Total less than twelve months 278 181,760 10,821 Continuous loss position more than twelve months: Agency mortgage-backed securities 28 56,303 8,979 Agency CMO 3 257 13 Agency notes and bonds 45 102,902 11,848 Treasury notes and bonds 13 47,117 2,917 Muncipal obligations 98 52,279 12,266 Total more than twelve months 187 258,858 36,023 Total securities available for sale 465 $ 440,618 $ 46,844 Securities held to maturity: Continuous loss position less than twelve months: Corporate notes 3 $ 3,779 $ 1,221 Total less than twelve months 3 3,779 1,221 Continuous loss position more than twelve months: Corporate notes 1 1,532 468 Total more than twelve months 1 1,532 468 Total securities held to maturity 4 $ 5,311 $ 1,689 |
Note 4 - Loans and Allowance _2
Note 4 - Loans and Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, December 31, (In thousands) 2023 2022 (As reclassified) 1-4 Family Residential Mortgage $ 132,662 $ 116,269 Home Equity and Second Mortgage 59,815 57,872 Multifamily Residential 40,168 38,973 1-4 Family Residential Construction 15,936 16,575 Other Construction, Development and Land 66,629 47,632 Commercial Real Estate 171,151 161,362 Commercial Business 65,905 68,066 Other Consumer 56,659 56,768 Principal loan balance 608,925 563,517 Deferred loan origination fees and costs, net 1,180 1,213 Allowance for credit losses (7,786 ) (6,772 ) Loans, net $ 602,319 $ 557,958 |
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block] | Other 1-4 Family Home Equity 1-4 Family Construction, Residential and Second Multifamily Residential Development Commercial Commercial Other Mortgage Mortgage Residential Construction and Land Real Estate Business Consumer Total (In thousands) ACL on Loans: Changes in the ACL on Loans for the three months ended September 30, 2023 Beginning balance $ 1,469 $ 363 $ 614 $ 171 $ 460 $ 2,016 $ 1,564 $ 858 $ 7,515 Provision for credit losses 70 18 (112 ) 7 187 91 (219 ) 248 290 Charge-offs - (2 ) - - - - - (59 ) (61 ) Recoveries 6 2 - - - - - 34 42 Ending balance $ 1,545 $ 381 $ 502 $ 178 $ 647 $ 2,107 $ 1,345 $ 1,081 $ 7,786 Changes in the ACL on Loans for the nine months ended September 30, 2023 Beginning balance, prior to adoption of ASC 326 $ 1,036 $ 531 $ 346 $ 206 $ 587 $ 2,029 $ 1,156 $ 881 $ 6,772 Impact of adopting ASC 326 423 (26 ) (3 ) (9 ) 13 (130 ) (142 ) 435 561 Provision for credit losses 96 (115 ) 159 (19 ) 47 208 511 (54 ) 833 Charge-offs (31 ) (11 ) - - - - (188 ) (341 ) (571 ) Recoveries 21 2 - - - - 8 160 191 Ending balance $ 1,545 $ 381 $ 502 $ 178 $ 647 $ 2,107 $ 1,345 $ 1,081 $ 7,786 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 $ - $ - $ - $ - $ 155 $ - $ - $ 155 Collectively evaluated for impairment 1,383 265 526 2,031 891 530 991 6,617 Acquired with deteriorated credit quality - - - - - - - - Ending balance $ 1,383 $ 265 $ 526 $ 2,031 $ 1,046 $ 530 $ 991 $ 6,772 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 |
Financing Receivable, Collateral Dependent Loans [Table Text Block] | Real ACL Estate Other Total Allocation (In thousands) 1-4 Family Residential Mortgage $ 1,705 $ - $ 1,705 $ 10 Home Equity and Second Mortgage 587 - 587 - Multifamily Residential - - - - 1-4 Family Residential Construction - - - - Other Construction, Development and Land 52 - 52 - Commercial Real Estate 1,068 - 1,068 - Commercial Business - 153 153 - Other Consumer - - - - $ 3,412 $ 153 $ 3,565 $ 10 |
Financing Receivable, Nonaccrual [Table Text Block] | Loans 90+ Days Total Nonaccrual Loans Nonaccrual Loans Total Past Due Nonperforming with No ACL with An ACL Nonaccrual Still Accruing Loans (In thousands) 1-4 Family Residential Mortgage $ 1,088 $ 36 $ 1,124 $ - $ 1,124 Home Equity and Second Mortgage 457 - 457 - 457 Multifamily Residential - - - - - 1-4 Family Residential Construction - - - - - Other Construction, Development and Land 52 - 52 - 52 Commercial Real Estate - - - - - Commercial Business - - - - - Other Consumer - - - - - Total $ 1,597 $ 36 $ 1,633 $ - $ 1,633 December 31, 2022 Loans 90+ Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) Residential $ 744 $ 83 $ 827 Land 51 - 51 Construction - - - Commercial real estate 81 - 81 Commercial business 155 - 155 Home equity and second mortgage 372 - 372 Other consumer - 4 4 Total $ 1,403 $ 87 $ 1,490 |
Financing Receivable, Past Due [Table Text Block] | 30-59 Days 60-89 Days 90 Days or More Total Total Past Due Past Due Past Due Past Due Current Loans (In thousands) 1-4 Family Residential Mortgage $ 1,466 $ 601 $ 510 $ 2,577 $ 130,209 $ 132,786 Home Equity and Second Mortgage 211 59 - 270 60,782 61,052 Multifamily Residential - - - - 40,152 40,152 1-4 Family Residential Construction - - - - 15,936 15,936 Other Construction, Development and Land - - 52 52 66,537 66,589 Commercial Real Estate 103 - - 103 170,934 171,037 Commercial Business - - - - 65,894 65,894 Other Consumer 193 31 - 224 56,435 56,659 Total $ 1,973 $ 691 $ 562 $ 3,226 $ 606,879 $ 610,105 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 $ 2,229 $ 226 $ 543 $ 2,998 $ 152,654 $ 286 $ 155,938 Land 119 - 51 170 21,827 - 21,997 Construction - - - - 42,364 - 42,364 Commercial real estate - - - - 161,675 - 161,675 Commercial business - - 155 155 60,821 - 60,976 Home equity and second mortgage 206 278 93 577 58,756 - 59,333 Other consumer 211 72 4 287 63,978 - 64,265 Total $ 2,765 $ 576 $ 846 $ 4,187 $ 562,075 $ 286 $ 566,548 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Total (In thousands) 1-4 Family Residential Mortgage Pass $ 30,516 $ 32,048 $ 26,593 $ 7,275 $ 9,747 $ 24,902 $ - $ 131,081 Special Mention - - - - - - - - Substandard - 48 36 - 266 231 - 581 Doubtful - - 196 82 - 846 - 1,124 $ 30,516 $ 32,096 $ 26,825 $ 7,357 $ 10,013 $ 25,979 $ - $ 132,786 Current period gross write-offs $ - $ - $ 2 $ - $ - $ 29 $ - $ 31 Home Equity and Second Mortgage Pass $ 4,046 $ 4,706 $ 549 $ 247 $ 189 $ 357 $ 50,372 $ 60,466 Special Mention - - - - - - - - Substandard - - - - - - 129 129 Doubtful - - - - 266 191 - 457 $ 4,046 $ 4,706 $ 549 $ 247 $ 455 $ 548 $ 50,501 $ 61,052 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ 11 $ 11 Multifamily Residential Pass $ 3,052 $ 10,567 $ 9,573 $ 8,007 $ 4,367 $ 4,586 $ - $ 40,152 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - $ 3,052 $ 10,567 $ 9,573 $ 8,007 $ 4,367 $ 4,586 $ - $ 40,152 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Total (In thousands) 1-4 Family Residential Construction Pass $ 6,494 $ 6,777 $ 1,334 $ 1,073 $ - $ 258 $ - $ 15,936 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - $ 6,494 $ 6,777 $ 1,334 $ 1,073 $ - $ 258 $ - $ 15,936 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Other Construction, Development and Land Pass $ 19,075 $ 32,255 $ 7,901 $ 2,718 $ 1,262 $ 3,277 $ - $ 66,488 Special Mention - - - - - 49 - 49 Substandard - - - - - - - - Doubtful - - - - - 52 - 52 $ 19,075 $ 32,255 $ 7,901 $ 2,718 $ 1,262 $ 3,378 $ - $ 66,589 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Commercial Real Estate Pass $ 13,027 $ 40,958 $ 30,565 $ 21,288 $ 18,502 $ 41,503 $ 1,862 $ 167,705 Special Mention 829 - - 399 422 64 549 2,263 Substandard - - - 233 - 836 - 1,069 Doubtful - - - - - - - - $ 13,856 $ 40,958 $ 30,565 $ 21,920 $ 18,924 $ 42,403 $ 2,411 $ 171,037 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Commercial Business Pass $ 12,585 $ 15,709 $ 11,671 $ 5,979 $ 5,686 $ 3,803 $ 9,962 $ 65,395 Special Mention - 28 18 51 163 87 347 Substandard - - - - 41 - 111 152 Doubtful - - - - - - - - $ 12,585 $ 15,737 $ 11,689 $ 6,030 $ 5,890 $ 3,803 $ 10,160 $ 65,894 Current period gross write-offs $ - $ 154 $ 2 $ 26 $ - $ 6 $ - $ 188 Term Loans Amortized Cost Basis by Origination Year 2023 2022 2021 2020 2019 Prior Revolving Total (In thousands) Other Consumer Pass $ 19,945 $ 15,764 $ 8,897 $ 3,125 $ 1,163 $ 5,623 $ 2,049 $ 56,566 Special Mention - - - - - - - - Substandard - - - - - - 93 93 Doubtful - - - - - - - - $ 19,945 $ 15,764 $ 8,897 $ 3,125 $ 1,163 $ 5,623 $ 2,142 $ 56,659 Current period gross write-offs $ 11 $ 49 $ 96 $ 20 $ 24 $ 51 $ 90 $ 341 Total Loans Pass $ 108,740 $ 158,784 $ 97,083 $ 49,712 $ 40,916 $ 84,309 $ 64,245 $ 603,789 Special Mention 829 28 18 450 585 113 636 2,659 Substandard - 48 36 233 307 1,067 333 2,024 Doubtful - - 196 82 266 1,089 - 1,633 $ 109,569 $ 158,860 $ 97,333 $ 50,477 $ 42,074 $ 86,578 $ 65,214 $ 610,105 Current period gross write-offs $ 11 $ 203 $ 100 $ 46 $ 24 $ 86 $ 101 $ 571 Home Equity Residential Commercial Commercial and Second Other Real Estate Land Construction Real Estate Business Mortgage Consumer Total (In thousands) Pass $ 154,429 $ 21,827 $ 42,364 $ 159,842 $ 60,261 $ 58,937 $ 64,149 $ 561,809 Special Mention - 60 - 679 388 - 116 1,243 Substandard 765 59 - 1,073 172 24 - 2,093 Doubtful 744 51 - 81 155 372 - 1,403 Loss - - - - - - - - Total $ 155,938 $ 21,997 $ 42,364 $ 161,675 $ 60,976 $ 59,333 $ 64,265 $ 566,548 |
Impaired Financing Receivables [Table Text Block] | At September 30, 2022 Three Months Ended September 30, 2022 Nine Months Ended 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 Unpaid Recorded Principal Related Investment Balance Allowance (In thousands) Loans with no related allowance recorded: Residential $ 854 $ 996 $ - Land 51 51 - Construction - - - Commercial real estate 463 484 - Commercial business 40 40 - Home equity and second mortgage 372 389 - Other consumer - - - $ 1,780 $ 1,960 $ - Loans with an allowance recorded: Residential $ - $ - $ - Land - - - Construction - - - Commercial real estate - - - Commercial business 155 155 155 Home equity and second mortgage - - - Other consumer - - - $ 155 $ 155 $ 155 Total: Residential $ 854 $ 996 $ - Land 51 51 - Construction - - - Commercial real estate 463 484 - Commercial business 195 195 155 Home equity and second mortgage 372 389 - Other consumer - - - $ 1,935 $ 2,115 $ 155 |
Financing Receivable [Member] | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Other 1-4 Family Home Equity 1-4 Family Construction, Residential and Second Multifamily Residential Development Commercial Commercial Other Mortgage Mortgage Residential Construction and Land Real Estate Business Consumer Total (In thousands) Amortized Cost Basis in Loans: Principal loan balance $ 132,662 $ 59,815 $ 40,168 $ 15,936 $ 66,629 $ 171,151 $ 65,905 $ 56,659 $ 608,925 Net deferred loan origination fees and costs 124 1,237 (16 ) - (40 ) (114 ) (11 ) - 1,180 Amortized cost basis in loans $ 132,786 $ 61,052 $ 40,152 $ 15,936 $ 66,589 $ 171,037 $ 65,894 $ 56,659 $ 610,105 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 $ 155,334 $ 21,860 $ 42,271 $ 161,425 $ 60,817 $ 57,781 $ 64,029 $ 563,517 Accrued interest receivable 493 123 105 343 170 348 236 1,818 Net deferred loan origination fees and costs 111 14 (12 ) (93 ) (11 ) 1,204 - 1,213 Recorded investment in loans $ 155,938 $ 21,997 $ 42,364 $ 161,675 $ 60,976 $ 59,333 $ 64,265 $ 566,548 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 854 $ 51 $ - $ 463 $ 195 $ 372 $ - $ 1,935 Collectively evaluated for impairment 154,798 21,946 42,364 161,212 60,781 58,961 64,265 564,327 Acquired with deteriorated credit quality 286 - - - - - - 286 Ending balance $ 155,938 $ 21,997 $ 42,364 $ 161,675 $ 60,976 $ 59,333 $ 64,265 $ 566,548 |
Note 7 - Borrowed Funds (Tables
Note 7 - Borrowed Funds (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Dollars in thousands) Variable-rate advances Maximum balance at any month end $ 5,000 $ - $ 5,000 $ - Average balance 1,359 - 572 - Period end balance 5,000 - 5,000 - Weighted average interest rate (annualized): At end of period 5.73 % - 5.73 % - During the period 6.09 % - 5.94 % - Fixed-rate bullet advances Maximum balance at any month end $ 10,000 $ - $ 15,000 $ - Average balance 1,956 - 2,050 - Period end balance 10,000 - 10,000 - Weighted average interest rate (annualized): At end of period 5.59 % - 5.59 % - During the period 6.02 % - 5.40 % - |
Note 8 - Supplemental Disclos_2
Note 8 - Supplemental Disclosure for Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (Dollars in thousands, except per share data) Basic Earnings: Net income attributable to First Capital, Inc. $ 3,138 $ 3,125 $ 9,680 $ 8,362 Shares: Weighted average common shares outstanding 3,345,869 3,358,800 3,347,823 3,353,459 Net income attributable to First Capital, Inc. per common share, basic $ 0.94 $ 0.93 $ 2.89 $ 2.49 Diluted Earnings: Net income attributable to First Capital, Inc. $ 3,138 $ 3,125 $ 9,680 $ 8,362 Shares: Weighted average common shares outstanding 3,345,869 3,358,800 3,347,823 3,353,459 Add: Dilutive effect of restricted stock - - - - Weighted average common shares outstanding, as adjusted 3,345,869 3,358,800 3,347,823 3,353,459 Net income attributable to First Capital, Inc. per common share, diluted $ 0.94 $ 0.93 $ 2.89 $ 2.49 |
Note 9 - Stock-based Compensa_2
Note 9 - Stock-based Compensation Plan (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
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, 2023 12,550 $ 57.07 Granted - - Vested 6,100 51.12 Forfeited 850 56.76 Nonvested at September 30, 2023 5,600 $ 63.60 |
Note 10 - Supplemental Disclo_2
Note 10 - Supplemental Disclosures of Cash Flow Information (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Nine Months Ended September 30, 2023 2022 ( In thousands Cash payments for: Interest $ 4,543 $ 933 Taxes (net of refunds received) 1,806 1,881 Noncash investing activities: Transfers from loans to real estate acquired through foreclosure $ 72 $ - |
Note 11 - Fair Value Measurem_2
Note 11 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
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, 2023 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 72,073 $ - $ 72,073 Agency CMO - 22,815 - 22,815 Agency notes and bonds - 134,992 - 134,992 Treasury notes and bonds - 73,714 - 73,714 Municipal obligations - 136,486 - 136,486 Total securities available for sale $ - $ 440,080 $ - $ 440,080 Equity securities $ 1,381 $ - $ - 1,381 Assets Measured on a Nonrecurring Basis Collateral dependent loans: 1-4 Family Residential Mortgage $ - $ - $ 27 $ 27 Total collateral dependent loans $ - $ - $ 27 $ 27 December 31, 2022 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 83,863 $ - $ 83,863 Agency CMO - 9,353 - 9,353 Agency notes and bonds - 137,981 - 137,981 Treasury notes and bonds - 78,732 - 78,732 Municipal obligations - 150,890 - 150,890 Total securities available for sale $ - $ 460,819 $ - $ 460,819 Equity securities $ 1,467 $ - $ - 1,467 |
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, 2023: Financial assets: Cash and cash equivalents $ 31,430 $ 31,430 $ 31,430 $ - $ - Interest-bearing time deposits 4,165 4,119 - 4,119 - Securities available for sale 440,080 440,080 - 440,080 - Securities held to maturity 7,000 4,472 - 4,472 - Loans held for sale 1,360 1,379 - 1,379 - Loans, net 602,319 598,364 - - 598,364 FHLB and other restricted stock 1,836 N/A N/A N/A N/A Accrued interest receivable 4,317 4,317 - 4,317 - Equity securities (included in other assets) 1,381 1,381 1,381 - - Financial liabilities: Deposits 1,017,491 1,015,375 - - 1,015,375 Borrowed funds 28,000 27,946 27,946 Accrued interest payable 1,506 1,506 - 1,506 - December 31, 2022: Financial assets: Cash and cash equivalents $ 66,298 $ 66,298 $ 66,298 $ - $ - Interest-bearing time deposits 3,677 3,638 - 3,638 - Securities available for sale 460,819 460,819 - 460,819 - Securities held to maturity 7,000 5,311 - 5,311 - Loans held for sale 793 803 - 803 - Loans, net 557,958 554,634 - - 554,634 FHLB and other restricted stock 1,836 N/A N/A N/A N/A Accrued interest receivable 4,285 4,285 - 4,285 - Equity securities (included in other assets) 1,467 1,467 1,467 - - Financial liabilities: Deposits 1,060,396 1,058,122 - - 1,058,122 Accrued interest payable 123 123 - 123 - |
Note 12 - Revenue From Contra_2
Note 12 - Revenue From Contracts With Customers (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 (In thousands) Service charges on deposit accounts $ 597 $ 618 $ 1,737 $ 1,670 ATM and debit card fees 1,127 1,059 3,355 3,132 Investment advisory income 15 160 46 400 Other 27 19 91 81 Revenue from contracts with customers 1,766 1,856 5,229 5,283 Net gain (loss) on loans and investments 59 (59 ) 280 455 Increase in cash value of life insurance 47 44 158 157 Other 75 32 134 90 Other noninterest income 181 17 572 702 Total noninterest income $ 1,947 $ 1,873 $ 5,801 $ 5,985 |
Note 2 - Recent Accounting Pr_3
Note 2 - Recent Accounting Pronouncements (Details Textual) - USD ($) | Sep. 30, 2023 | Jan. 01, 2023 | Dec. 31, 2022 |
Retained Earnings (Accumulated Deficit) | $ 94,899,000 | $ 88,465,000 | |
Accrued Interest Receivable [Member] | |||
Financing Receivable, Accrued Interest, after Allowance for Credit Loss | 2,100,000 | ||
Unfunded Loan Commitment [Member] | |||
Off-Balance-Sheet, Credit Loss, Liability | 131,000 | ||
Debt Securities, Available-for-Sale [Member] | Debt Securities, Held-to-Maturity [Member] | |||
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss | 2,100,000 | ||
Debt Securities, Held-to-Maturity [Member] | Debt Securities, Held-to-Maturity [Member] | |||
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss | $ 18,000 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||
Financing Receivable, Allowance for Credit Loss | $ 561,000 | ||
Retained Earnings (Accumulated Deficit) | (529,000) | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | Unfunded Loan Commitment [Member] | |||
Off-Balance-Sheet, Credit Loss, Liability | $ 131,000 |
Note 2 - Recent Accounting Pr_4
Note 2 - Recent Accounting Pronouncements - Impact on Segment Expansion (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jan. 01, 2023 | Dec. 31, 2022 | Sep. 30, 2022 |
Financing Receivable, amortized cost | $ 610,105 | $ 566,548 | $ 549,696 | |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | $ 0 | |||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 564,730 | |||
Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 564,730 | |||
Residential Portfolio Segment [Member] | Residential Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | (155,445) | |||
Residential Portfolio Segment [Member] | Residential Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 0 | |||
Residential Portfolio Segment [Member] | Residential Loan [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 155,445 | |||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | ||||
Financing Receivable, amortized cost | 132,786 | |||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | 116,392 | |||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 116,392 | |||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 0 | |||
Residential Portfolio Segment [Member] | Multifamily [Member] | ||||
Financing Receivable, amortized cost | 40,152 | |||
Residential Portfolio Segment [Member] | Multifamily [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | 38,962 | |||
Residential Portfolio Segment [Member] | Multifamily [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 38,962 | |||
Residential Portfolio Segment [Member] | Multifamily [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 0 | |||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||||
Financing Receivable, amortized cost | 61,052 | 59,333 | 60,060 | |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | 92 | |||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 59,077 | |||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 58,985 | |||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||||
Financing Receivable, amortized cost | 64,265 | |||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | (7,262) | |||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 56,767 | |||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 64,029 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||||
Financing Receivable, amortized cost | 171,037 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | (62) | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 161,270 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 161,332 | |||
Construction [Member] | Construction Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | (42,259) | |||
Construction [Member] | Construction Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 0 | |||
Construction [Member] | Construction Loans [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 42,259 | |||
Construction [Member] | Land Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | (21,874) | |||
Construction [Member] | Land Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 0 | |||
Construction [Member] | Land Loan [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 21,874 | |||
Construction [Member] | One-to-four Family Residential Construction [Member] | ||||
Financing Receivable, amortized cost | 15,936 | |||
Construction [Member] | One-to-four Family Residential Construction [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | 16,575 | |||
Construction [Member] | One-to-four Family Residential Construction [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 16,575 | |||
Construction [Member] | One-to-four Family Residential Construction [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 0 | |||
Construction [Member] | Other Construction, Development and Land [Member] | ||||
Financing Receivable, amortized cost | 66,589 | |||
Construction [Member] | Other Construction, Development and Land [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | 47,633 | |||
Construction [Member] | Other Construction, Development and Land [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | 47,633 | |||
Construction [Member] | Other Construction, Development and Land [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | 0 | |||
Commercial Portfolio Segment [Member] | ||||
Financing Receivable, amortized cost | 60,976 | $ 54,877 | ||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | ||||
Financing Receivable, amortized cost | $ 65,894 | |||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, amortized cost | 7,248 | |||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | ||||
Financing Receivable, amortized cost | $ 68,054 | |||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Previously Reported [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Financing Receivable, amortized cost | $ 60,806 |
Note 3 - Investment Securitie_2
Note 3 - Investment Securities (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Debt Securities, Available-for-Sale and Held-to-Maturity, Allowance for Credit Loss | $ 0 | $ 0 | ||||
Available-for-Sale, Securities in Unrealized Loss Positions, Depreciation from Amortized Cost Percentage | 10.10% | 10.10% | ||||
Held-to-maturity, Securities in Unrealized Loss Positions, Depreciation from Amortized Cost Percentage | 36.10% | 36.10% | ||||
Debt Securities, Available-for-Sale, Realized Gain | $ 1,000 | $ 79,000 | ||||
Debt Securities, Available-for-Sale, Realized Loss | 95,000 | 187,000 | ||||
Proceeds from Sale of Debt Securities, Available-for-Sale | $ 0 | 20,202,000 | $ 0 | |||
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) | (131,000) | (229,000) | (86,000) | (265,000) | ||
Equity Securities, FV-NI, Current | 1,400,000 | 1,400,000 | $ 1,500,000 | |||
Peoples Bancorp, Inc [Member] | Class B Shares of VISA [Member] | ||||||
Equity Securities, FV-NI, Cost | 0 | 0 | ||||
Equity Securities, FV-NI, Realized Gain (Loss) | 157,000 | 157,000 | ||||
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 | 1,000,000 | 1,000,000 | |||
Limited Partnership Interest, Technology Fund [Member] | Other Liabilities [Member] | ||||||
Investment Company, Financial Support to Investee Contractually Required, Not Provided, Amount | $ 580,000 | $ 580,000 | $ 780,000 |
Note 3 - Investment Securitie_3
Note 3 - Investment Securities - Investment Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Available-for-Sale, Amortized Cost | $ 489,187 | $ 507,466 |
Securities available for sale, gross unrealized gains | 2 | 197 |
Securities available for sale, gross unrealized losses | 49,109 | 46,844 |
Securities available for sale, at fair value (amortized cost $489,187 and $507,466, respectively) | 440,080 | 460,819 |
Securities held to maturity, at amortized cost (fair value $4,472 and $5,311, respectively) | 7,000 | 7,000 |
Securities held to maturity, gross unrealized gains | 0 | 0 |
Securities held to maturity, gross unrealized losses | 2,528 | 1,689 |
Held-to-Maturity, Fair Value | 4,472 | 5,311 |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-Sale, Amortized Cost | 84,385 | 95,056 |
Securities available for sale, gross unrealized gains | 0 | 0 |
Securities available for sale, gross unrealized losses | 12,312 | 11,193 |
Securities available for sale, at fair value (amortized cost $489,187 and $507,466, respectively) | 72,073 | 83,863 |
Agency Collateralized Mortgage Obligations [Member] | ||
Available-for-Sale, Amortized Cost | 23,439 | 9,682 |
Securities available for sale, gross unrealized gains | 0 | 20 |
Securities available for sale, gross unrealized losses | 624 | 349 |
Securities available for sale, at fair value (amortized cost $489,187 and $507,466, respectively) | 22,815 | 9,353 |
US Government Agencies Debt Securities [Member] | ||
Available-for-Sale, Amortized Cost | 147,195 | 151,143 |
Securities available for sale, gross unrealized gains | 0 | 0 |
Securities available for sale, gross unrealized losses | 12,203 | 13,162 |
Securities available for sale, at fair value (amortized cost $489,187 and $507,466, respectively) | 134,992 | 137,981 |
US Treasury and Government [Member] | ||
Available-for-Sale, Amortized Cost | 76,527 | 82,646 |
Securities available for sale, gross unrealized gains | 0 | 0 |
Securities available for sale, gross unrealized losses | 2,813 | 3,914 |
Securities available for sale, at fair value (amortized cost $489,187 and $507,466, respectively) | 73,714 | 78,732 |
Municipal Notes [Member] | ||
Available-for-Sale, Amortized Cost | 157,641 | 168,939 |
Securities available for sale, gross unrealized gains | 2 | 177 |
Securities available for sale, gross unrealized losses | 21,157 | 18,226 |
Securities available for sale, at fair value (amortized cost $489,187 and $507,466, respectively) | 136,486 | 150,890 |
Corporate Note Securities [Member] | ||
Securities held to maturity, at amortized cost (fair value $4,472 and $5,311, respectively) | 7,000 | 7,000 |
Securities held to maturity, gross unrealized gains | 0 | 0 |
Securities held to maturity, gross unrealized losses | 2,528 | 1,689 |
Held-to-Maturity, Fair Value | $ 4,472 | $ 5,311 |
Note 3 - Investment Securitie_4
Note 3 - Investment Securities - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Securities available for sale, amortized cost, due in one year or less | $ 65,774 | |
Securities available for sale, fair value, due in one year or less | 64,401 | |
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 | 177,859 | |
Securities available for sale, fair value, due after one year through five years | 163,024 | |
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 | 45,517 | |
Securities available for sale, fair value, due after five years through ten years | 41,252 | |
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 | 1,291 | |
Securities available for sale, amortized cost, due after ten years | 92,213 | |
Securities available for sale, fair value, due after ten years | 76,515 | |
Securities held to maturity, amortized cost, due after ten years | 5,000 | |
Securities held to maturity, fair value, due after ten years | 3,181 | |
Securities available for sale, amortized cost, single maturity | 381,363 | |
Securities available for sale, fair value, single maturity | 345,192 | |
Securities held to maturity, amortized cost, single maturity | 7,000 | |
Securities held to maturity, fair value, single maturity | 4,472 | |
Mortgage-backed securities and CMO, amortized cost | 107,824 | |
Mortgage-backed securities and CMO, fair value | 94,888 | |
Mortgage-backed securities and CMO, amortized cost | 0 | |
Mortgage-backed securities and CMO, fair value | 0 | |
Securities available for sale, amortized cost | 489,187 | $ 507,466 |
Securities available for sale, fair value | 440,080 | 460,819 |
Securities held to maturity, amortized cost | 7,000 | 7,000 |
Securities held to maturity, fair value | $ 4,472 | $ 5,311 |
Note 3 - Investment Securitie_5
Note 3 - Investment Securities - Investment Securities Continuous Unrealized Loss Position (Details) $ in Thousands | Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Number of investment positions - less than twelve months, available for sale | 137 | 278 |
Fair value - less than twelve months, available for sale | $ 81,023 | $ 181,760 |
Gross unrealized losses - less than twelve months, available for sale | $ 5,034 | $ 10,821 |
Number of investment positions - more than twelve months, available for sale | 337 | 187 |
Fair value - more than twelve months, available for sale | $ 356,577 | $ 258,858 |
Gross unrealized losses - more than twelve months, available for sale | $ 44,075 | $ 36,023 |
Number of investment positions, available for sale | 474 | 465 |
Fair value, available for sale | $ 437,600 | $ 440,618 |
Gross unrealized losses, available for sale | 49,109 | $ 46,844 |
Number of investment positions - less than twelve months, held to maturity | 3 | |
Fair value - less than twelve months, held to maturity | $ 3,779 | |
Gross unrealized losses - less than twelve months, held to maturity | 1,221 | |
Fair value - more than twelve months, held to maturity | 4,472 | 1,532 |
Gross unrealized losses - more than twelve months, held to maturity | $ 2,528 | $ 468 |
Number of investment positions, held to maturity | 4 | 4 |
Fair value, held to maturity | $ 4,472 | $ 5,311 |
Gross unrealized losses, held to maturity | $ 2,528 | $ 1,689 |
Agency Collateralized Mortgage Obligations [Member] | ||
Number of investment positions - less than twelve months, available for sale | 7 | 23 |
Fair value - less than twelve months, available for sale | $ 17,601 | $ 6,287 |
Gross unrealized losses - less than twelve months, available for sale | $ 246 | $ 336 |
Number of investment positions - more than twelve months, available for sale | 23 | 3 |
Fair value - more than twelve months, available for sale | $ 5,214 | $ 257 |
Gross unrealized losses - more than twelve months, available for sale | $ 378 | $ 13 |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Number of investment positions - less than twelve months, available for sale | 97 | 69 |
Fair value - less than twelve months, available for sale | $ 72,073 | $ 27,561 |
Gross unrealized losses - less than twelve months, available for sale | $ 12,312 | $ 2,214 |
Number of investment positions - more than twelve months, available for sale | 28 | |
Fair value - more than twelve months, available for sale | $ 56,303 | |
Gross unrealized losses - more than twelve months, available for sale | $ 8,979 | |
US Government Agencies Debt Securities [Member] | ||
Number of investment positions - less than twelve months, available for sale | 6 | 15 |
Fair value - less than twelve months, available for sale | $ 5,210 | $ 35,079 |
Gross unrealized losses - less than twelve months, available for sale | $ 108 | $ 1,314 |
Number of investment positions - more than twelve months, available for sale | 55 | 45 |
Fair value - more than twelve months, available for sale | $ 129,035 | $ 102,902 |
Gross unrealized losses - more than twelve months, available for sale | $ 12,095 | $ 11,848 |
US States and Political Subdivisions Debt Securities [Member] | ||
Number of investment positions - less than twelve months, available for sale | 124 | 154 |
Fair value - less than twelve months, available for sale | $ 58,212 | $ 81,218 |
Gross unrealized losses - less than twelve months, available for sale | $ 4,680 | $ 5,960 |
US Treasury and Government [Member] | ||
Number of investment positions - less than twelve months, available for sale | 27 | 17 |
Fair value - less than twelve months, available for sale | $ 73,714 | $ 31,615 |
Gross unrealized losses - less than twelve months, available for sale | $ 2,813 | $ 997 |
Number of investment positions - more than twelve months, available for sale | 13 | |
Fair value - more than twelve months, available for sale | $ 47,117 | |
Gross unrealized losses - more than twelve months, available for sale | $ 2,917 | |
Municipal Notes [Member] | ||
Number of investment positions - more than twelve months, available for sale | 135 | 98 |
Fair value - more than twelve months, available for sale | $ 76,541 | $ 52,279 |
Gross unrealized losses - more than twelve months, available for sale | $ 16,477 | $ 12,266 |
Corporate Note Securities [Member] | ||
Number of investment positions - less than twelve months, held to maturity | 4 | 3 |
Fair value - less than twelve months, held to maturity | $ 4,472 | $ 3,779 |
Gross unrealized losses - less than twelve months, held to maturity | $ 2,528 | $ 1,221 |
Number of investment positions - more than twelve months, held to maturity | 4 | 1 |
Fair value - more than twelve months, held to maturity | $ 1,532 | |
Gross unrealized losses - more than twelve months, held to maturity | $ 468 |
Note 4 - Loans and Allowance _3
Note 4 - Loans and Allowance for Loan Losses (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | Jun. 30, 2023 | Dec. 31, 2021 | |
Mortgage Loans in Process of Foreclosure, Amount | $ 0 | $ 0 | $ 0 | |||||
Interest Receivable | 4,317,000 | 4,317,000 | 4,285,000 | |||||
Financing Receivable, Nonaccrual, Interest Income | 0 | 0 | ||||||
Financing Receivable, Modified in Period, Amount | 0 | $ 0 | 0 | $ 0 | ||||
Financing Receivable, Modified, Subsequent Default | 0 | 0 | $ 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | 0 | 0 | 0 | |||||
Financing Receivables, Troubled Debt Restructuring, Write-down | 0 | 0 | ||||||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 0 | 0 | ||||||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 602,319,000 | 602,319,000 | 557,958,000 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 7,786,000 | 6,566,000 | $ 6,394,000 | 7,786,000 | 6,566,000 | 6,772,000 | $ 7,515,000 | $ 6,083,000 |
Unfunded Loan Commitment [Member] | ||||||||
Off-Balance-Sheet, Credit Loss, Liability | 131,000 | 131,000 | ||||||
Off-Balance-Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | 0 | 0 | ||||||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 236,000 | 236,000 | 244,000 | |||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | $ 0 | 0 | $ 0 | 0 | |||
Accrued Interest Receivable [Member] | ||||||||
Interest Receivable | $ 2,100,000 | 2,100,000 | ||||||
Residential Real Estate [Member] | ||||||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure | $ 276,000 | $ 104,000 |
Note 4 - Loans and Allowance _4
Note 4 - Loans and Allowance for Loan Losses - Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Principal loan balance | $ 608,925 | $ 563,517 | ||||
Deferred loan origination fees and costs, net | 1,180 | 1,213 | $ 1,200 | |||
Allowance for credit losses | (7,786) | $ (7,515) | (6,772) | (6,566) | $ (6,394) | $ (6,083) |
Loans, net | 602,319 | 557,958 | ||||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | ||||||
Principal loan balance | 132,662 | 116,269 | ||||
Deferred loan origination fees and costs, net | 124 | |||||
Allowance for credit losses | (1,545) | (1,469) | ||||
Residential Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||||||
Principal loan balance | 59,815 | 57,872 | ||||
Residential Portfolio Segment [Member] | Multifamily [Member] | ||||||
Principal loan balance | 40,168 | 38,973 | ||||
Deferred loan origination fees and costs, net | (16) | |||||
Allowance for credit losses | (502) | (614) | ||||
Construction [Member] | ||||||
Allowance for credit losses | (647) | |||||
Construction [Member] | One-to-four Family Residential Construction [Member] | ||||||
Principal loan balance | 15,936 | 16,575 | ||||
Deferred loan origination fees and costs, net | 0 | |||||
Allowance for credit losses | (178) | (171) | ||||
Construction [Member] | Other Construction, Development and Land [Member] | ||||||
Principal loan balance | 66,629 | 47,632 | ||||
Deferred loan origination fees and costs, net | (40) | |||||
Allowance for credit losses | (647) | (460) | ||||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||||||
Principal loan balance | 171,151 | 161,362 | ||||
Deferred loan origination fees and costs, net | (114) | |||||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||||||
Deferred loan origination fees and costs, net | 1,237 | 1,204 | 1,192 | |||
Allowance for credit losses | (381) | (363) | (530) | (536) | $ (533) | $ (527) |
Consumer Portfolio Segment [Member] | Commercial Business [Member] | ||||||
Principal loan balance | 65,905 | 68,066 | ||||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||||||
Principal loan balance | 56,659 | 56,768 | ||||
Allowance for credit losses | $ (1,081) | $ (858) | $ (991) | $ (1,019) |
Note 4 - Loans and Allowance _5
Note 4 - Loans and Allowance for Loan Losses - Recorded Investments in Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 |
Principal loan balance | $ 608,925 | $ 563,517 | $ 546,959 |
Deferred loan origination fees and costs, net | 1,180 | 1,213 | 1,200 |
Financing Receivable, amortized cost | 610,105 | 566,548 | 549,696 |
Principal loan balance | 608,925 | 563,517 | 546,959 |
Accrued interest receivable | 1,818 | 1,537 | |
Net deferred loan origination fees and costs | 1,180 | 1,213 | 1,200 |
Recorded investment in loans | 610,105 | 566,548 | 549,696 |
Individually evaluated for impairment | 1,935 | 1,973 | |
Collectively evaluated for impairment | 564,327 | 547,429 | |
Financial Asset Acquired with Credit Deterioration [Member] | |||
Financing Receivable, amortized cost | 286 | 294 | |
Recorded investment in loans | 286 | 294 | |
Commercial Portfolio Segment [Member] | |||
Principal loan balance | 60,817 | 54,760 | |
Deferred loan origination fees and costs, net | (11) | (12) | |
Financing Receivable, amortized cost | 60,976 | 54,877 | |
Principal loan balance | 60,817 | 54,760 | |
Accrued interest receivable | 170 | 129 | |
Net deferred loan origination fees and costs | (11) | (12) | |
Recorded investment in loans | 60,976 | 54,877 | |
Individually evaluated for impairment | 195 | 147 | |
Collectively evaluated for impairment | 60,781 | 54,730 | |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Financing Receivable, amortized cost | 0 | 0 | |
Recorded investment in loans | 0 | 0 | |
Real Estate Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | |||
Principal loan balance | 155,334 | 153,659 | |
Deferred loan origination fees and costs, net | 111 | 107 | |
Financing Receivable, amortized cost | 155,938 | 154,219 | |
Principal loan balance | 155,334 | 153,659 | |
Accrued interest receivable | 493 | 453 | |
Net deferred loan origination fees and costs | 111 | 107 | |
Recorded investment in loans | 155,938 | 154,219 | |
Individually evaluated for impairment | 854 | 894 | |
Collectively evaluated for impairment | 154,798 | 153,036 | |
Real Estate Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Financing Receivable, amortized cost | 286 | 289 | |
Recorded investment in loans | 286 | 289 | |
Land Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | |||
Principal loan balance | 21,860 | 22,377 | |
Deferred loan origination fees and costs, net | 14 | 14 | |
Financing Receivable, amortized cost | 21,997 | 22,489 | |
Principal loan balance | 21,860 | 22,377 | |
Accrued interest receivable | 123 | 98 | |
Net deferred loan origination fees and costs | 14 | 14 | |
Recorded investment in loans | 21,997 | 22,489 | |
Individually evaluated for impairment | 51 | 51 | |
Collectively evaluated for impairment | 21,946 | 22,438 | |
Land Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Financing Receivable, amortized cost | 0 | 0 | |
Recorded investment in loans | 0 | 0 | |
Construction Loans [Member] | Real Estate Mortgage Portfolio Segment [Member] | |||
Principal loan balance | 42,271 | 32,196 | |
Deferred loan origination fees and costs, net | (12) | (9) | |
Financing Receivable, amortized cost | 42,364 | 32,253 | |
Principal loan balance | 42,271 | 32,196 | |
Accrued interest receivable | 105 | 66 | |
Net deferred loan origination fees and costs | (12) | (9) | |
Recorded investment in loans | 42,364 | 32,253 | |
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 42,364 | 32,253 | |
Construction Loans [Member] | Real Estate Mortgage Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Financing Receivable, amortized cost | 0 | 0 | |
Recorded investment in loans | 0 | 0 | |
Commercial Real Estate Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | |||
Principal loan balance | 161,425 | 161,296 | |
Deferred loan origination fees and costs, net | (93) | (92) | |
Financing Receivable, amortized cost | 161,675 | 161,503 | |
Principal loan balance | 161,425 | 161,296 | |
Accrued interest receivable | 343 | 299 | |
Net deferred loan origination fees and costs | (93) | (92) | |
Recorded investment in loans | 161,675 | 161,503 | |
Individually evaluated for impairment | 463 | 566 | |
Collectively evaluated for impairment | 161,212 | 160,932 | |
Commercial Real Estate Loan [Member] | Real Estate Mortgage Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Financing Receivable, amortized cost | 0 | 5 | |
Recorded investment in loans | 0 | 5 | |
Commercial Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Principal loan balance | 171,151 | ||
Deferred loan origination fees and costs, net | (114) | ||
Financing Receivable, amortized cost | 171,037 | ||
Principal loan balance | 171,151 | ||
Net deferred loan origination fees and costs | (114) | ||
Recorded investment in loans | 171,037 | ||
Home Equity and Second Mortgage [Member] | Consumer Portfolio Segment [Member] | |||
Principal loan balance | 59,815 | 57,781 | 58,596 |
Deferred loan origination fees and costs, net | 1,237 | 1,204 | 1,192 |
Financing Receivable, amortized cost | 61,052 | 59,333 | 60,060 |
Principal loan balance | 59,815 | 57,781 | 58,596 |
Accrued interest receivable | 348 | 272 | |
Net deferred loan origination fees and costs | 1,237 | 1,204 | 1,192 |
Recorded investment in loans | 61,052 | 59,333 | 60,060 |
Individually evaluated for impairment | 372 | 315 | |
Collectively evaluated for impairment | 58,961 | 59,745 | |
Home Equity and Second Mortgage [Member] | Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Financing Receivable, amortized cost | 0 | 0 | |
Recorded investment in loans | 0 | 0 | |
Other Consumer Loan [Member] | Consumer Portfolio Segment [Member] | |||
Principal loan balance | 56,659 | 64,029 | 64,075 |
Deferred loan origination fees and costs, net | 0 | 0 | 0 |
Financing Receivable, amortized cost | 56,659 | 64,265 | 64,295 |
Principal loan balance | 56,659 | 64,029 | 64,075 |
Accrued interest receivable | 236 | 220 | |
Net deferred loan origination fees and costs | 0 | 0 | 0 |
Recorded investment in loans | 56,659 | 64,265 | 64,295 |
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 64,265 | 64,295 | |
Other Consumer Loan [Member] | Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Financing Receivable, amortized cost | 0 | 0 | |
Recorded investment in loans | $ 0 | $ 0 | |
One-to-four Family Loan [Member] | Residential Portfolio Segment [Member] | |||
Principal loan balance | 132,662 | ||
Deferred loan origination fees and costs, net | 124 | ||
Financing Receivable, amortized cost | 132,786 | ||
Principal loan balance | 132,662 | ||
Net deferred loan origination fees and costs | 124 | ||
Recorded investment in loans | 132,786 | ||
Multifamily [Member] | Residential Portfolio Segment [Member] | |||
Principal loan balance | 40,168 | ||
Deferred loan origination fees and costs, net | (16) | ||
Financing Receivable, amortized cost | 40,152 | ||
Principal loan balance | 40,168 | ||
Net deferred loan origination fees and costs | (16) | ||
Recorded investment in loans | 40,152 | ||
One-to-four Family Residential Construction [Member] | Construction [Member] | |||
Principal loan balance | 15,936 | ||
Deferred loan origination fees and costs, net | 0 | ||
Financing Receivable, amortized cost | 15,936 | ||
Principal loan balance | 15,936 | ||
Net deferred loan origination fees and costs | 0 | ||
Recorded investment in loans | 15,936 | ||
Other Construction, Development and Land [Member] | Construction [Member] | |||
Principal loan balance | 66,629 | ||
Deferred loan origination fees and costs, net | (40) | ||
Financing Receivable, amortized cost | 66,589 | ||
Principal loan balance | 66,629 | ||
Net deferred loan origination fees and costs | (40) | ||
Recorded investment in loans | 66,589 | ||
Commercial Business [Member] | Commercial Portfolio Segment [Member] | |||
Principal loan balance | 65,905 | ||
Deferred loan origination fees and costs, net | (11) | ||
Financing Receivable, amortized cost | 65,894 | ||
Principal loan balance | 65,905 | ||
Net deferred loan origination fees and costs | (11) | ||
Recorded investment in loans | $ 65,894 |
Note 4 - Loans and Allowance _6
Note 4 - Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Beginning balance | $ 7,515 | $ 6,394 | $ 6,772 | $ 6,083 | |
Provision for credit losses | 290 | 175 | 833 | 550 | |
Charge-offs | (61) | (77) | (571) | (287) | |
Recoveries | 42 | 74 | 191 | 220 | |
Ending balance | 7,786 | 6,566 | 7,786 | 6,566 | |
Individually evaluated for impairment | 0 | 0 | $ 155 | ||
Collectively evaluated for impairment | 6,566 | 6,566 | 6,617 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 7,786 | 6,566 | 7,786 | 6,566 | 6,772 |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Beginning balance | 561 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 561 | ||||
Prior to Adoption of Asc 326 [Member] | |||||
Beginning balance | 6,772 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 6,772 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | |||||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | 0 | 0 | |
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | 0 | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||||
Beginning balance | 1,265 | 1,383 | 1,174 | ||
Provision for credit losses | 87 | 169 | |||
Charge-offs | 0 | (1) | |||
Recoveries | 0 | 10 | |||
Ending balance | 1,352 | 1,352 | |||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 1,352 | 1,352 | 1,383 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 1,352 | 1,352 | 1,383 | ||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | 0 | ||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||||
Beginning balance | 241 | 265 | 234 | ||
Provision for credit losses | 32 | 39 | |||
Charge-offs | 0 | 0 | |||
Recoveries | 0 | 0 | |||
Ending balance | 273 | 273 | |||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 273 | 273 | 265 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 273 | 273 | 265 | ||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | 0 | ||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | |||||
Beginning balance | 496 | 526 | 403 | ||
Provision for credit losses | (66) | 27 | |||
Charge-offs | 0 | 0 | |||
Recoveries | 0 | 0 | |||
Ending balance | 430 | 430 | |||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 430 | 430 | 526 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 430 | 430 | 526 | ||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | 0 | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||||
Beginning balance | 1,991 | 2,031 | 1,884 | ||
Provision for credit losses | 79 | 186 | |||
Charge-offs | 0 | 0 | |||
Recoveries | 0 | 0 | |||
Ending balance | 2,070 | 2,070 | |||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 2,070 | 2,070 | 2,031 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 2,070 | 2,070 | 2,031 | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | |||||
Beginning balance | 888 | 1,046 | 873 | ||
Provision for credit losses | (2) | 13 | |||
Charge-offs | 0 | (9) | |||
Recoveries | 0 | 9 | |||
Ending balance | 886 | 886 | |||
Individually evaluated for impairment | 0 | 0 | 155 | ||
Collectively evaluated for impairment | 886 | 886 | 891 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 886 | 886 | 1,046 | ||
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||||
Beginning balance | 2,016 | ||||
Provision for credit losses | 91 | 208 | |||
Charge-offs | 0 | 0 | |||
Recoveries | 0 | 0 | |||
Ending balance | 2,107 | 2,107 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 2,107 | 2,107 | |||
Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Beginning balance | (130) | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | (130) | ||||
Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Prior to Adoption of Asc 326 [Member] | |||||
Beginning balance | 2,029 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 2,029 | ||||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | |||||
Beginning balance | 1,564 | ||||
Provision for credit losses | (219) | 511 | |||
Charge-offs | 0 | (188) | |||
Recoveries | 0 | 8 | |||
Ending balance | 1,345 | 1,345 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 1,345 | 1,345 | |||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Beginning balance | (142) | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | (142) | ||||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Prior to Adoption of Asc 326 [Member] | |||||
Beginning balance | 1,156 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 1,156 | ||||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||||
Beginning balance | 363 | 533 | 530 | 527 | |
Provision for credit losses | 18 | 3 | (115) | 7 | |
Charge-offs | (2) | 0 | (11) | 0 | |
Recoveries | 2 | 0 | 2 | 2 | |
Ending balance | 381 | 536 | 381 | 536 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 536 | 536 | 530 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 381 | 536 | 381 | 536 | 530 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Beginning balance | (26) | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | (26) | ||||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Prior to Adoption of Asc 326 [Member] | |||||
Beginning balance | 531 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 531 | ||||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | |||||
Beginning balance | 858 | 991 | |||
Provision for credit losses | 248 | (54) | |||
Charge-offs | (59) | (341) | |||
Recoveries | 34 | 160 | |||
Ending balance | 1,081 | 1,019 | 1,081 | 1,019 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 1,019 | 1,019 | 991 | ||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 1,081 | 1,019 | 1,081 | 1,019 | 991 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Beginning balance | 435 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 435 | ||||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Prior to Adoption of Asc 326 [Member] | |||||
Beginning balance | 881 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 881 | ||||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||
Beginning balance | 0 | ||||
Ending balance | 0 | 0 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | |||||
Beginning balance | 980 | 988 | |||
Provision for credit losses | 42 | 109 | |||
Charge-offs | (77) | (341) | (277) | ||
Recoveries | 74 | 199 | |||
Ending balance | 1,019 | 1,019 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 1,019 | $ 1,019 | |||
Residential Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||||
Charge-offs | (11) | ||||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | |||||
Beginning balance | 1,469 | ||||
Provision for credit losses | 70 | 96 | |||
Charge-offs | 0 | (31) | |||
Recoveries | 6 | 21 | |||
Ending balance | 1,545 | 1,545 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 1,545 | 1,545 | |||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Beginning balance | 423 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 423 | ||||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Prior to Adoption of Asc 326 [Member] | |||||
Beginning balance | 1,036 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 1,036 | ||||
Residential Portfolio Segment [Member] | Multifamily [Member] | |||||
Beginning balance | 614 | ||||
Provision for credit losses | (112) | 159 | |||
Charge-offs | 0 | 0 | |||
Recoveries | 0 | 0 | |||
Ending balance | 502 | 502 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 502 | 502 | |||
Residential Portfolio Segment [Member] | Multifamily [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Beginning balance | (3) | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | (3) | ||||
Residential Portfolio Segment [Member] | Multifamily [Member] | Prior to Adoption of Asc 326 [Member] | |||||
Beginning balance | 346 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 346 | ||||
Construction [Member] | |||||
Provision for credit losses | 47 | ||||
Charge-offs | 0 | ||||
Recoveries | 0 | ||||
Ending balance | 647 | 647 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 647 | 647 | |||
Construction [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Beginning balance | 13 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 13 | ||||
Construction [Member] | Prior to Adoption of Asc 326 [Member] | |||||
Beginning balance | 587 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 587 | ||||
Construction [Member] | One-to-four Family Residential Construction [Member] | |||||
Beginning balance | 171 | ||||
Provision for credit losses | 7 | (19) | |||
Charge-offs | 0 | 0 | |||
Recoveries | 0 | 0 | |||
Ending balance | 178 | 178 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | 178 | 178 | |||
Construction [Member] | One-to-four Family Residential Construction [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Beginning balance | (9) | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | (9) | ||||
Construction [Member] | One-to-four Family Residential Construction [Member] | Prior to Adoption of Asc 326 [Member] | |||||
Beginning balance | 206 | ||||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 206 | ||||
Construction [Member] | Other Construction, Development and Land [Member] | |||||
Beginning balance | 460 | ||||
Provision for credit losses | 187 | ||||
Charge-offs | 0 | 0 | |||
Recoveries | 0 | ||||
Ending balance | 647 | 647 | |||
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 647 | $ 647 |
Note 4 - Loans and Allowance _7
Note 4 - Loans and Allowance for Loan Losses - Collateral Dependent Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 |
Collateral Dependent Loans | $ 1,935 | $ 1,973 | |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||
Collateral Dependent Loans | 372 | 315 | |
Commercial Portfolio Segment [Member] | |||
Collateral Dependent Loans | $ 195 | $ 147 | |
Real Estate [Member] | |||
Collateral Dependent Loans | $ 3,412 | ||
Real Estate [Member] | Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | |||
Collateral Dependent Loans | 1,705 | ||
Real Estate [Member] | Residential Portfolio Segment [Member] | Multifamily [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||
Collateral Dependent Loans | 587 | ||
Real Estate [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate [Member] | Construction [Member] | One-to-four Family Residential Construction [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate [Member] | Construction [Member] | Other Construction, Development and Land [Member] | |||
Collateral Dependent Loans | 52 | ||
Real Estate [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Collateral Dependent Loans | 1,068 | ||
Real Estate [Member] | Commercial Portfolio Segment [Member] | Commercial Business [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate, Other [Member] | |||
Collateral Dependent Loans | 153 | ||
Real Estate, Other [Member] | Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate, Other [Member] | Residential Portfolio Segment [Member] | Multifamily [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate, Other [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate, Other [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate, Other [Member] | Construction [Member] | One-to-four Family Residential Construction [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate, Other [Member] | Construction [Member] | Other Construction, Development and Land [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate, Other [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Collateral Dependent Loans | 0 | ||
Real Estate, Other [Member] | Commercial Portfolio Segment [Member] | Commercial Business [Member] | |||
Collateral Dependent Loans | 153 | ||
Collateral Pledged [Member] | |||
Collateral Dependent Loans | 3,565 | ||
Allowance for Credit Loss | 10 | ||
Collateral Pledged [Member] | Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | |||
Collateral Dependent Loans | 1,705 | ||
Allowance for Credit Loss | 10 | ||
Collateral Pledged [Member] | Residential Portfolio Segment [Member] | Multifamily [Member] | |||
Collateral Dependent Loans | 0 | ||
Allowance for Credit Loss | 0 | ||
Collateral Pledged [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||
Collateral Dependent Loans | 587 | ||
Allowance for Credit Loss | 0 | ||
Collateral Pledged [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | |||
Collateral Dependent Loans | 0 | ||
Allowance for Credit Loss | 0 | ||
Collateral Pledged [Member] | Construction [Member] | One-to-four Family Residential Construction [Member] | |||
Collateral Dependent Loans | 0 | ||
Allowance for Credit Loss | 0 | ||
Collateral Pledged [Member] | Construction [Member] | Other Construction, Development and Land [Member] | |||
Collateral Dependent Loans | 52 | ||
Allowance for Credit Loss | 0 | ||
Collateral Pledged [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Collateral Dependent Loans | 1,068 | ||
Allowance for Credit Loss | 0 | ||
Collateral Pledged [Member] | Commercial Portfolio Segment [Member] | Commercial Business [Member] | |||
Collateral Dependent Loans | 153 | ||
Allowance for Credit Loss | $ 0 |
Note 4 - Loans and Allowance _8
Note 4 - Loans and Allowance for Loan Losses - Recorded Investment in Nonperforming Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | ||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | $ 602,319 | $ 557,958 | ||
Nonperforming Financial Instruments [Member] | ||||
Nonaccrual, No Allowance | 1,597 | [1] | 1,403 | |
Nonaccrual, With an Allowance | 36 | |||
Nonaccrual | 1,633 | |||
Past Due, Still Accruing | 0 | 87 | ||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 1,633 | 1,490 | ||
Nonperforming Financial Instruments [Member] | Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | ||||
Nonaccrual, No Allowance | [1] | 1,088 | ||
Nonaccrual, With an Allowance | 36 | |||
Nonaccrual | 1,124 | |||
Past Due, Still Accruing | 0 | |||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 1,124 | |||
Nonperforming Financial Instruments [Member] | Residential Portfolio Segment [Member] | Multifamily [Member] | ||||
Nonaccrual, No Allowance | [1] | 0 | ||
Nonaccrual, With an Allowance | 0 | |||
Nonaccrual | 0 | |||
Past Due, Still Accruing | 0 | |||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 0 | |||
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||
Nonaccrual, No Allowance | 744 | |||
Past Due, Still Accruing | 83 | |||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 827 | |||
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||||
Nonaccrual, No Allowance | 51 | |||
Past Due, Still Accruing | 0 | |||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 51 | |||
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||||
Nonaccrual, No Allowance | 0 | |||
Past Due, Still Accruing | 0 | |||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 0 | |||
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||||
Nonaccrual, No Allowance | 0 | [1] | 81 | |
Nonaccrual, With an Allowance | 0 | |||
Nonaccrual | 0 | |||
Past Due, Still Accruing | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 0 | 81 | ||
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||||
Nonaccrual, No Allowance | 457 | [1] | 372 | |
Nonaccrual, With an Allowance | 0 | |||
Nonaccrual | 457 | |||
Past Due, Still Accruing | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 457 | 372 | ||
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||||
Nonaccrual, No Allowance | 0 | [1] | 0 | |
Nonaccrual, With an Allowance | 0 | |||
Nonaccrual | 0 | |||
Past Due, Still Accruing | 0 | 4 | ||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 0 | 4 | ||
Nonperforming Financial Instruments [Member] | Construction [Member] | One-to-four Family Residential Construction [Member] | ||||
Nonaccrual, No Allowance | [1] | 0 | ||
Nonaccrual, With an Allowance | 0 | |||
Nonaccrual | 0 | |||
Past Due, Still Accruing | 0 | |||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 0 | |||
Nonperforming Financial Instruments [Member] | Construction [Member] | Other Construction, Development and Land [Member] | ||||
Nonaccrual, No Allowance | [1] | 52 | ||
Nonaccrual, With an Allowance | 0 | |||
Nonaccrual | 52 | |||
Past Due, Still Accruing | 0 | |||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | 52 | |||
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||||
Nonaccrual, No Allowance | 0 | [1] | 155 | |
Nonaccrual, With an Allowance | 0 | |||
Nonaccrual | 0 | |||
Past Due, Still Accruing | 0 | 0 | ||
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss | $ 0 | $ 155 | ||
[1]Includes nonaccrual loans with no ACL and are also included in Total Nonaccrual loans of $1,525. |
Note 4 - Loans and Allowance _9
Note 4 - Loans and Allowance for Loan Losses - Aging of Recorded Investment in Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Financing Receivable | $ 610,105 | $ 566,548 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable | 286 | |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 1,973 | 2,765 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 691 | 576 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 562 | 846 |
Financial Asset, Past Due [Member] | ||
Financing Receivable | 3,226 | 4,187 |
Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 606,879 | 562,075 |
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | ||
Financing Receivable | 132,786 | |
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 1,466 | |
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 601 | |
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 510 | |
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 2,577 | |
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 130,209 | |
Residential Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Financing Receivable | 61,052 | |
Residential Portfolio Segment [Member] | Multifamily [Member] | ||
Financing Receivable | 40,152 | |
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 0 | |
Residential Portfolio Segment [Member] | Multifamily [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 40,152 | |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Financing Receivable | 61,052 | 59,333 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable | 0 | |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 211 | 206 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 59 | 278 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 0 | 93 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 270 | 577 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 60,782 | 58,756 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Financing Receivable | 56,659 | 64,265 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable | 0 | |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 193 | 211 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 31 | 72 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 0 | 4 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 224 | 287 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 56,435 | 63,978 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Financing Receivable | 155,938 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable | 286 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 2,229 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 226 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 543 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 2,998 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 152,654 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Financing Receivable | 21,997 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 119 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 51 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 170 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 21,827 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable | 42,364 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 42,364 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Financing Receivable | 171,037 | 161,675 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 103 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 103 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 170,934 | 161,675 |
Construction [Member] | One-to-four Family Residential Construction [Member] | ||
Financing Receivable | 15,936 | |
Construction [Member] | One-to-four Family Residential Construction [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Construction [Member] | One-to-four Family Residential Construction [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Construction [Member] | One-to-four Family Residential Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Construction [Member] | One-to-four Family Residential Construction [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 0 | |
Construction [Member] | One-to-four Family Residential Construction [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 15,936 | |
Construction [Member] | Other Construction, Development and Land [Member] | ||
Financing Receivable | 66,589 | |
Construction [Member] | Other Construction, Development and Land [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Construction [Member] | Other Construction, Development and Land [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Construction [Member] | Other Construction, Development and Land [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 52 | |
Construction [Member] | Other Construction, Development and Land [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 52 | |
Construction [Member] | Other Construction, Development and Land [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | 66,537 | |
Commercial Portfolio Segment [Member] | ||
Financing Receivable | 60,976 | |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable | 0 | |
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 155 | |
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 155 | |
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | $ 60,821 | |
Commercial Portfolio Segment [Member] | Commercial Business [Member] | ||
Financing Receivable | 65,894 | |
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable | 0 | |
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Financial Asset, Past Due [Member] | ||
Financing Receivable | 0 | |
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Financial Asset, Not Past Due [Member] | ||
Financing Receivable | $ 65,894 |
Note 4 - Loans and Allowance_10
Note 4 - Loans and Allowance for Loan Losses - Class of Loans Risk Category (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Financing Receivable, Year One | $ 109,569 | $ 109,569 | |||
Financing Receivable, Year Two | 158,860 | 158,860 | |||
Financing Receivable, Year Three | 97,333 | 97,333 | |||
Financing Receivable, Year Four | 50,477 | 50,477 | |||
Financing Receivable, Year Five | 42,074 | 42,074 | |||
Financing Receivable, Prior | 86,578 | 86,578 | |||
Financing Receivable, Revolving | 65,214 | 65,214 | |||
Financing Receivable, amortized cost | 610,105 | 610,105 | $ 566,548 | ||
Current period gross write-offs, Year One | 11 | ||||
Current period gross write-offs, Year Two | 203 | ||||
Current period gross write-offs, Year Three | 100 | ||||
Current period gross write-offs, Year Four | 46 | ||||
Current period gross write-offs, Year Five | 24 | ||||
Current period gross write-offs, Prior | 86 | ||||
Current period gross write-offs, Revolving | 101 | ||||
Current period gross write-offs, Total | 61 | $ 77 | 571 | $ 287 | |
year one | 109,569 | 109,569 | |||
Year two | 158,860 | 158,860 | |||
Year three | 97,333 | 97,333 | |||
Year four | 50,477 | 50,477 | |||
Year five | 42,074 | 42,074 | |||
Prior | 86,578 | 86,578 | |||
Revolving | 65,214 | 65,214 | |||
total | 610,105 | 610,105 | 566,548 | ||
year one, Current period gross write-offs | 11 | ||||
Year two, Current period gross write-offs | 203 | ||||
Current period gross write-offs, Year three | 100 | ||||
Current period gross write-offs, Year four | 46 | ||||
Current period gross write-offs, year five | 24 | ||||
Current period gross write-offs, prior | 86 | ||||
Current period gross write-offs, revolving | 101 | ||||
Current period gross write-offs, total | 61 | 77 | 571 | 287 | |
Financing Receivable, amortized cost | 610,105 | 549,696 | 610,105 | 549,696 | 566,548 |
Pass [Member] | |||||
Financing Receivable, Year One | 108,740 | 108,740 | |||
Financing Receivable, Year Two | 158,784 | 158,784 | |||
Financing Receivable, Year Three | 97,083 | 97,083 | |||
Financing Receivable, Year Four | 49,712 | 49,712 | |||
Financing Receivable, Year Five | 40,916 | 40,916 | |||
Financing Receivable, Prior | 84,309 | 84,309 | |||
Financing Receivable, Revolving | 64,245 | 64,245 | |||
Financing Receivable, amortized cost | 603,789 | 603,789 | |||
year one | 108,740 | 108,740 | |||
Year two | 158,784 | 158,784 | |||
Year three | 97,083 | 97,083 | |||
Year four | 49,712 | 49,712 | |||
Year five | 40,916 | 40,916 | |||
Prior | 84,309 | 84,309 | |||
Revolving | 64,245 | 64,245 | |||
total | 603,789 | 603,789 | |||
Financing Receivable, amortized cost | 561,809 | ||||
Special Mention [Member] | |||||
Financing Receivable, Year One | 829 | 829 | |||
Financing Receivable, Year Two | 28 | 28 | |||
Financing Receivable, Year Three | 18 | 18 | |||
Financing Receivable, Year Four | 450 | 450 | |||
Financing Receivable, Year Five | 585 | 585 | |||
Financing Receivable, Prior | 113 | 113 | |||
Financing Receivable, Revolving | 636 | 636 | |||
Financing Receivable, amortized cost | 2,659 | 2,659 | |||
year one | 829 | 829 | |||
Year two | 28 | 28 | |||
Year three | 18 | 18 | |||
Year four | 450 | 450 | |||
Year five | 585 | 585 | |||
Prior | 113 | 113 | |||
Revolving | 636 | 636 | |||
total | 2,659 | 2,659 | |||
Financing Receivable, amortized cost | 1,243 | ||||
Substandard [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 48 | 48 | |||
Financing Receivable, Year Three | 36 | 36 | |||
Financing Receivable, Year Four | 233 | 233 | |||
Financing Receivable, Year Five | 307 | 307 | |||
Financing Receivable, Prior | 1,067 | 1,067 | |||
Financing Receivable, Revolving | 333 | 333 | |||
Financing Receivable, amortized cost | 2,024 | 2,024 | |||
year one | 0 | 0 | |||
Year two | 48 | 48 | |||
Year three | 36 | 36 | |||
Year four | 233 | 233 | |||
Year five | 307 | 307 | |||
Prior | 1,067 | 1,067 | |||
Revolving | 333 | 333 | |||
total | 2,024 | 2,024 | |||
Financing Receivable, amortized cost | 2,093 | ||||
Doubtful [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 196 | 196 | |||
Financing Receivable, Year Four | 82 | 82 | |||
Financing Receivable, Year Five | 266 | 266 | |||
Financing Receivable, Prior | 1,089 | 1,089 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 1,633 | 1,633 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 196 | 196 | |||
Year four | 82 | 82 | |||
Year five | 266 | 266 | |||
Prior | 1,089 | 1,089 | |||
Revolving | 0 | 0 | |||
total | 1,633 | 1,633 | |||
Financing Receivable, amortized cost | 1,403 | ||||
Unlikely to be Collected Financing Receivable [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | |||||
Financing Receivable, Year One | 30,516 | 30,516 | |||
Financing Receivable, Year Two | 32,096 | 32,096 | |||
Financing Receivable, Year Three | 26,825 | 26,825 | |||
Financing Receivable, Year Four | 7,357 | 7,357 | |||
Financing Receivable, Year Five | 10,013 | 10,013 | |||
Financing Receivable, Prior | 25,979 | 25,979 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 132,786 | 132,786 | |||
Current period gross write-offs, Year One | 0 | ||||
Current period gross write-offs, Year Two | 0 | ||||
Current period gross write-offs, Year Three | 2 | ||||
Current period gross write-offs, Year Four | 0 | ||||
Current period gross write-offs, Year Five | 0 | ||||
Current period gross write-offs, Prior | 29 | ||||
Current period gross write-offs, Revolving | 0 | ||||
Current period gross write-offs, Total | 0 | 31 | |||
year one | 30,516 | 30,516 | |||
Year two | 32,096 | 32,096 | |||
Year three | 26,825 | 26,825 | |||
Year four | 7,357 | 7,357 | |||
Year five | 10,013 | 10,013 | |||
Prior | 25,979 | 25,979 | |||
Revolving | 0 | 0 | |||
total | 132,786 | 132,786 | |||
year one, Current period gross write-offs | 0 | ||||
Year two, Current period gross write-offs | 0 | ||||
Current period gross write-offs, Year three | 2 | ||||
Current period gross write-offs, Year four | 0 | ||||
Current period gross write-offs, year five | 0 | ||||
Current period gross write-offs, prior | 29 | ||||
Current period gross write-offs, revolving | 0 | ||||
Current period gross write-offs, total | 0 | 31 | |||
Financing Receivable, amortized cost | 132,786 | 132,786 | |||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Pass [Member] | |||||
Financing Receivable, Year One | 30,516 | 30,516 | |||
Financing Receivable, Year Two | 32,048 | 32,048 | |||
Financing Receivable, Year Three | 26,593 | 26,593 | |||
Financing Receivable, Year Four | 7,275 | 7,275 | |||
Financing Receivable, Year Five | 9,747 | 9,747 | |||
Financing Receivable, Prior | 24,902 | 24,902 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 131,081 | 131,081 | |||
year one | 30,516 | 30,516 | |||
Year two | 32,048 | 32,048 | |||
Year three | 26,593 | 26,593 | |||
Year four | 7,275 | 7,275 | |||
Year five | 9,747 | 9,747 | |||
Prior | 24,902 | 24,902 | |||
Revolving | 0 | 0 | |||
total | 131,081 | 131,081 | |||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Special Mention [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Substandard [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 48 | 48 | |||
Financing Receivable, Year Three | 36 | 36 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 266 | 266 | |||
Financing Receivable, Prior | 231 | 231 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 581 | 581 | |||
year one | 0 | 0 | |||
Year two | 48 | 48 | |||
Year three | 36 | 36 | |||
Year four | 0 | 0 | |||
Year five | 266 | 266 | |||
Prior | 231 | 231 | |||
Revolving | 0 | 0 | |||
total | 581 | 581 | |||
Residential Portfolio Segment [Member] | One-to-four Family Loan [Member] | Doubtful [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 196 | 196 | |||
Financing Receivable, Year Four | 82 | 82 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 846 | 846 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 1,124 | 1,124 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 196 | 196 | |||
Year four | 82 | 82 | |||
Year five | 0 | 0 | |||
Prior | 846 | 846 | |||
Revolving | 0 | 0 | |||
total | 1,124 | 1,124 | |||
Residential Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||||
Financing Receivable, Year One | 4,046 | 4,046 | |||
Financing Receivable, Year Two | 4,706 | 4,706 | |||
Financing Receivable, Year Three | 549 | 549 | |||
Financing Receivable, Year Four | 247 | 247 | |||
Financing Receivable, Year Five | 455 | 455 | |||
Financing Receivable, Prior | 548 | 548 | |||
Financing Receivable, Revolving | 50,501 | 50,501 | |||
Financing Receivable, amortized cost | 61,052 | 61,052 | |||
Current period gross write-offs, Year One | 0 | ||||
Current period gross write-offs, Year Two | 0 | ||||
Current period gross write-offs, Year Three | 0 | ||||
Current period gross write-offs, Year Four | 0 | ||||
Current period gross write-offs, Year Five | 0 | ||||
Current period gross write-offs, Prior | 0 | ||||
Current period gross write-offs, Revolving | 11 | ||||
Current period gross write-offs, Total | 11 | ||||
year one | 4,046 | 4,046 | |||
Year two | 4,706 | 4,706 | |||
Year three | 549 | 549 | |||
Year four | 247 | 247 | |||
Year five | 455 | 455 | |||
Prior | 548 | 548 | |||
Revolving | 50,501 | 50,501 | |||
total | 61,052 | 61,052 | |||
year one, Current period gross write-offs | 0 | ||||
Year two, Current period gross write-offs | 0 | ||||
Current period gross write-offs, Year three | 0 | ||||
Current period gross write-offs, Year four | 0 | ||||
Current period gross write-offs, year five | 0 | ||||
Current period gross write-offs, prior | 0 | ||||
Current period gross write-offs, revolving | 11 | ||||
Current period gross write-offs, total | 11 | ||||
Residential Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Pass [Member] | |||||
Financing Receivable, Year One | 4,046 | 4,046 | |||
Financing Receivable, Year Two | 4,706 | 4,706 | |||
Financing Receivable, Year Three | 549 | 549 | |||
Financing Receivable, Year Four | 247 | 247 | |||
Financing Receivable, Year Five | 189 | 189 | |||
Financing Receivable, Prior | 357 | 357 | |||
Financing Receivable, Revolving | 50,372 | 50,372 | |||
Financing Receivable, amortized cost | 60,466 | 60,466 | |||
year one | 4,046 | 4,046 | |||
Year two | 4,706 | 4,706 | |||
Year three | 549 | 549 | |||
Year four | 247 | 247 | |||
Year five | 189 | 189 | |||
Prior | 357 | 357 | |||
Revolving | 50,372 | 50,372 | |||
total | 60,466 | 60,466 | |||
Residential Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Special Mention [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Residential Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Substandard [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 129 | 129 | |||
Financing Receivable, amortized cost | 129 | 129 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 129 | 129 | |||
total | 129 | 129 | |||
Residential Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Doubtful [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 266 | 266 | |||
Financing Receivable, Prior | 191 | 191 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 457 | 457 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 266 | 266 | |||
Prior | 191 | 191 | |||
Revolving | 0 | 0 | |||
total | 457 | 457 | |||
Residential Portfolio Segment [Member] | Multifamily [Member] | |||||
Financing Receivable, Year One | 3,052 | 3,052 | |||
Financing Receivable, Year Two | 10,567 | 10,567 | |||
Financing Receivable, Year Three | 9,573 | 9,573 | |||
Financing Receivable, Year Four | 8,007 | 8,007 | |||
Financing Receivable, Year Five | 4,367 | 4,367 | |||
Financing Receivable, Prior | 4,586 | 4,586 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 40,152 | 40,152 | |||
Current period gross write-offs, Year One | 0 | ||||
Current period gross write-offs, Year Two | 0 | ||||
Current period gross write-offs, Year Three | 0 | ||||
Current period gross write-offs, Year Four | 0 | ||||
Current period gross write-offs, Year Five | 0 | ||||
Current period gross write-offs, Prior | 0 | ||||
Current period gross write-offs, Revolving | 0 | ||||
Current period gross write-offs, Total | 0 | 0 | |||
year one | 3,052 | 3,052 | |||
Year two | 10,567 | 10,567 | |||
Year three | 9,573 | 9,573 | |||
Year four | 8,007 | 8,007 | |||
Year five | 4,367 | 4,367 | |||
Prior | 4,586 | 4,586 | |||
Revolving | 0 | 0 | |||
total | 40,152 | 40,152 | |||
year one, Current period gross write-offs | 0 | ||||
Year two, Current period gross write-offs | 0 | ||||
Current period gross write-offs, Year three | 0 | ||||
Current period gross write-offs, Year four | 0 | ||||
Current period gross write-offs, year five | 0 | ||||
Current period gross write-offs, prior | 0 | ||||
Current period gross write-offs, revolving | 0 | ||||
Current period gross write-offs, total | 0 | 0 | |||
Financing Receivable, amortized cost | 40,152 | 40,152 | |||
Residential Portfolio Segment [Member] | Multifamily [Member] | Pass [Member] | |||||
Financing Receivable, Year One | 3,052 | 3,052 | |||
Financing Receivable, Year Two | 10,567 | 10,567 | |||
Financing Receivable, Year Three | 9,573 | 9,573 | |||
Financing Receivable, Year Four | 8,007 | 8,007 | |||
Financing Receivable, Year Five | 4,367 | 4,367 | |||
Financing Receivable, Prior | 4,586 | 4,586 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 40,152 | 40,152 | |||
year one | 3,052 | 3,052 | |||
Year two | 10,567 | 10,567 | |||
Year three | 9,573 | 9,573 | |||
Year four | 8,007 | 8,007 | |||
Year five | 4,367 | 4,367 | |||
Prior | 4,586 | 4,586 | |||
Revolving | 0 | 0 | |||
total | 40,152 | 40,152 | |||
Residential Portfolio Segment [Member] | Multifamily [Member] | Special Mention [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Residential Portfolio Segment [Member] | Multifamily [Member] | Substandard [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Residential Portfolio Segment [Member] | Multifamily [Member] | Doubtful [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Construction [Member] | |||||
Current period gross write-offs, Total | 0 | ||||
Current period gross write-offs, total | 0 | ||||
Construction [Member] | One-to-four Family Residential Construction [Member] | |||||
Financing Receivable, Year One | 6,494 | 6,494 | |||
Financing Receivable, Year Two | 6,777 | 6,777 | |||
Financing Receivable, Year Three | 1,334 | 1,334 | |||
Financing Receivable, Year Four | 1,073 | 1,073 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 258 | 258 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 15,936 | 15,936 | |||
Current period gross write-offs, Year One | 0 | ||||
Current period gross write-offs, Year Two | 0 | ||||
Current period gross write-offs, Year Three | 0 | ||||
Current period gross write-offs, Year Four | 0 | ||||
Current period gross write-offs, Year Five | 0 | ||||
Current period gross write-offs, Prior | 0 | ||||
Current period gross write-offs, Revolving | 0 | ||||
Current period gross write-offs, Total | 0 | 0 | |||
year one | 6,494 | 6,494 | |||
Year two | 6,777 | 6,777 | |||
Year three | 1,334 | 1,334 | |||
Year four | 1,073 | 1,073 | |||
Year five | 0 | 0 | |||
Prior | 258 | 258 | |||
Revolving | 0 | 0 | |||
total | 15,936 | 15,936 | |||
year one, Current period gross write-offs | 0 | ||||
Year two, Current period gross write-offs | 0 | ||||
Current period gross write-offs, Year three | 0 | ||||
Current period gross write-offs, Year four | 0 | ||||
Current period gross write-offs, year five | 0 | ||||
Current period gross write-offs, prior | 0 | ||||
Current period gross write-offs, revolving | 0 | ||||
Current period gross write-offs, total | 0 | 0 | |||
Financing Receivable, amortized cost | 15,936 | 15,936 | |||
Construction [Member] | One-to-four Family Residential Construction [Member] | Pass [Member] | |||||
Financing Receivable, Year One | 6,494 | 6,494 | |||
Financing Receivable, Year Two | 6,777 | 6,777 | |||
Financing Receivable, Year Three | 1,334 | 1,334 | |||
Financing Receivable, Year Four | 1,073 | 1,073 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 258 | 258 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 15,936 | 15,936 | |||
year one | 6,494 | 6,494 | |||
Year two | 6,777 | 6,777 | |||
Year three | 1,334 | 1,334 | |||
Year four | 1,073 | 1,073 | |||
Year five | 0 | 0 | |||
Prior | 258 | 258 | |||
Revolving | 0 | 0 | |||
total | 15,936 | 15,936 | |||
Construction [Member] | One-to-four Family Residential Construction [Member] | Special Mention [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Construction [Member] | One-to-four Family Residential Construction [Member] | Substandard [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Construction [Member] | One-to-four Family Residential Construction [Member] | Doubtful [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Construction [Member] | Other Construction, Development and Land [Member] | |||||
Financing Receivable, Year One | 19,075 | 19,075 | |||
Financing Receivable, Year Two | 32,255 | 32,255 | |||
Financing Receivable, Year Three | 7,901 | 7,901 | |||
Financing Receivable, Year Four | 2,718 | 2,718 | |||
Financing Receivable, Year Five | 1,262 | 1,262 | |||
Financing Receivable, Prior | 3,378 | 3,378 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 66,589 | 66,589 | |||
Current period gross write-offs, Year One | 0 | ||||
Current period gross write-offs, Year Two | 0 | ||||
Current period gross write-offs, Year Three | 0 | ||||
Current period gross write-offs, Year Four | 0 | ||||
Current period gross write-offs, Year Five | 0 | ||||
Current period gross write-offs, Prior | 0 | ||||
Current period gross write-offs, Revolving | 0 | ||||
Current period gross write-offs, Total | 0 | 0 | |||
year one | 19,075 | 19,075 | |||
Year two | 32,255 | 32,255 | |||
Year three | 7,901 | 7,901 | |||
Year four | 2,718 | 2,718 | |||
Year five | 1,262 | 1,262 | |||
Prior | 3,378 | 3,378 | |||
Revolving | 0 | 0 | |||
total | 66,589 | 66,589 | |||
year one, Current period gross write-offs | 0 | ||||
Year two, Current period gross write-offs | 0 | ||||
Current period gross write-offs, Year three | 0 | ||||
Current period gross write-offs, Year four | 0 | ||||
Current period gross write-offs, year five | 0 | ||||
Current period gross write-offs, prior | 0 | ||||
Current period gross write-offs, revolving | 0 | ||||
Current period gross write-offs, total | 0 | 0 | |||
Financing Receivable, amortized cost | 66,589 | 66,589 | |||
Construction [Member] | Other Construction, Development and Land [Member] | Pass [Member] | |||||
Financing Receivable, Year One | 19,075 | 19,075 | |||
Financing Receivable, Year Two | 32,255 | 32,255 | |||
Financing Receivable, Year Three | 7,901 | 7,901 | |||
Financing Receivable, Year Four | 2,718 | 2,718 | |||
Financing Receivable, Year Five | 1,262 | 1,262 | |||
Financing Receivable, Prior | 3,277 | 3,277 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 66,488 | 66,488 | |||
year one | 19,075 | 19,075 | |||
Year two | 32,255 | 32,255 | |||
Year three | 7,901 | 7,901 | |||
Year four | 2,718 | 2,718 | |||
Year five | 1,262 | 1,262 | |||
Prior | 3,277 | 3,277 | |||
Revolving | 0 | 0 | |||
total | 66,488 | 66,488 | |||
Construction [Member] | Other Construction, Development and Land [Member] | Special Mention [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 49 | 49 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 49 | 49 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 49 | 49 | |||
Revolving | 0 | 0 | |||
total | 49 | 49 | |||
Construction [Member] | Other Construction, Development and Land [Member] | Substandard [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Construction [Member] | Other Construction, Development and Land [Member] | Doubtful [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 52 | 52 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 52 | 52 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 52 | 52 | |||
Revolving | 0 | 0 | |||
total | 52 | 52 | |||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | |||||
Financing Receivable, Year One | 19,945 | 19,945 | |||
Financing Receivable, Year Two | 15,764 | 15,764 | |||
Financing Receivable, Year Three | 8,897 | 8,897 | |||
Financing Receivable, Year Four | 3,125 | 3,125 | |||
Financing Receivable, Year Five | 1,163 | 1,163 | |||
Financing Receivable, Prior | 5,623 | 5,623 | |||
Financing Receivable, Revolving | 2,142 | 2,142 | |||
Financing Receivable, amortized cost | 56,659 | 56,659 | |||
Current period gross write-offs, Year One | 11 | ||||
Current period gross write-offs, Year Two | 49 | ||||
Current period gross write-offs, Year Three | 96 | ||||
Current period gross write-offs, Year Four | 20 | ||||
Current period gross write-offs, Year Five | 24 | ||||
Current period gross write-offs, Prior | 51 | ||||
Current period gross write-offs, Revolving | 90 | ||||
Current period gross write-offs, Total | 77 | 341 | 277 | ||
year one | 19,945 | 19,945 | |||
Year two | 15,764 | 15,764 | |||
Year three | 8,897 | 8,897 | |||
Year four | 3,125 | 3,125 | |||
Year five | 1,163 | 1,163 | |||
Prior | 5,623 | 5,623 | |||
Revolving | 2,142 | 2,142 | |||
total | 56,659 | 56,659 | |||
year one, Current period gross write-offs | 11 | ||||
Year two, Current period gross write-offs | 49 | ||||
Current period gross write-offs, Year three | 96 | ||||
Current period gross write-offs, Year four | 20 | ||||
Current period gross write-offs, year five | 24 | ||||
Current period gross write-offs, prior | 51 | ||||
Current period gross write-offs, revolving | 90 | ||||
Current period gross write-offs, total | 77 | 341 | 277 | ||
Financing Receivable, amortized cost | 56,659 | 64,295 | 56,659 | 64,295 | 64,265 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Pass [Member] | |||||
Financing Receivable, Year One | 19,945 | 19,945 | |||
Financing Receivable, Year Two | 15,764 | 15,764 | |||
Financing Receivable, Year Three | 8,897 | 8,897 | |||
Financing Receivable, Year Four | 3,125 | 3,125 | |||
Financing Receivable, Year Five | 1,163 | 1,163 | |||
Financing Receivable, Prior | 5,623 | 5,623 | |||
Financing Receivable, Revolving | 2,049 | 2,049 | |||
Financing Receivable, amortized cost | 56,566 | 56,566 | |||
year one | 19,945 | 19,945 | |||
Year two | 15,764 | 15,764 | |||
Year three | 8,897 | 8,897 | |||
Year four | 3,125 | 3,125 | |||
Year five | 1,163 | 1,163 | |||
Prior | 5,623 | 5,623 | |||
Revolving | 2,049 | 2,049 | |||
total | 56,566 | 56,566 | |||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Special Mention [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Substandard [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 93 | 93 | |||
Financing Receivable, amortized cost | 93 | 93 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 93 | 93 | |||
total | 93 | 93 | |||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Doubtful [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||||
Financing Receivable, amortized cost | 61,052 | 61,052 | 59,333 | ||
Current period gross write-offs, Total | 2 | 0 | 11 | 0 | |
total | 61,052 | 61,052 | 59,333 | ||
Current period gross write-offs, total | 2 | 0 | 11 | 0 | |
Financing Receivable, amortized cost | 61,052 | 60,060 | 61,052 | 60,060 | 59,333 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Pass [Member] | |||||
Financing Receivable, amortized cost | 58,937 | ||||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Special Mention [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Substandard [Member] | |||||
Financing Receivable, amortized cost | 24 | ||||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Doubtful [Member] | |||||
Financing Receivable, amortized cost | 372 | ||||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | |||||
Financing Receivable, amortized cost | 56,659 | 56,659 | 64,265 | ||
Current period gross write-offs, Total | 59 | 341 | |||
total | 56,659 | 56,659 | 64,265 | ||
Current period gross write-offs, total | 59 | 341 | |||
Financing Receivable, amortized cost | 64,265 | ||||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Pass [Member] | |||||
Financing Receivable, amortized cost | 64,149 | ||||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Special Mention [Member] | |||||
Financing Receivable, amortized cost | 116 | ||||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Substandard [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Doubtful [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||||
Financing Receivable, amortized cost | 155,938 | ||||
Current period gross write-offs, Total | 0 | 1 | |||
total | 155,938 | ||||
Current period gross write-offs, total | 0 | 1 | |||
Financing Receivable, amortized cost | 155,938 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Pass [Member] | |||||
Financing Receivable, amortized cost | 154,429 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Special Mention [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Substandard [Member] | |||||
Financing Receivable, amortized cost | 765 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Doubtful [Member] | |||||
Financing Receivable, amortized cost | 744 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||||
Financing Receivable, amortized cost | 21,997 | ||||
Current period gross write-offs, Total | 0 | 0 | |||
total | 21,997 | ||||
Current period gross write-offs, total | 0 | 0 | |||
Financing Receivable, amortized cost | 22,489 | 22,489 | 21,997 | ||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Pass [Member] | |||||
Financing Receivable, amortized cost | 21,827 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Special Mention [Member] | |||||
Financing Receivable, amortized cost | 60 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Substandard [Member] | |||||
Financing Receivable, amortized cost | 59 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Doubtful [Member] | |||||
Financing Receivable, amortized cost | 51 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | |||||
Financing Receivable, amortized cost | 42,364 | ||||
Current period gross write-offs, Total | 0 | 0 | |||
total | 42,364 | ||||
Current period gross write-offs, total | 0 | 0 | |||
Financing Receivable, amortized cost | 32,253 | 32,253 | 42,364 | ||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | |||||
Financing Receivable, amortized cost | 42,364 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||||
Financing Receivable, amortized cost | 171,037 | 171,037 | 161,675 | ||
Current period gross write-offs, Total | 0 | 0 | |||
total | 171,037 | 171,037 | 161,675 | ||
Current period gross write-offs, total | 0 | 0 | |||
Financing Receivable, amortized cost | 161,503 | 161,503 | 161,675 | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Pass [Member] | |||||
Financing Receivable, amortized cost | 159,842 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Special Mention [Member] | |||||
Financing Receivable, amortized cost | 679 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Substandard [Member] | |||||
Financing Receivable, amortized cost | 1,073 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Doubtful [Member] | |||||
Financing Receivable, amortized cost | 81 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Financing Receivable, amortized cost | 0 | ||||
Commercial Portfolio Segment [Member] | |||||
Financing Receivable, amortized cost | 60,976 | ||||
Current period gross write-offs, Total | 0 | 9 | |||
total | 60,976 | ||||
Current period gross write-offs, total | 0 | 9 | |||
Financing Receivable, amortized cost | $ 54,877 | $ 54,877 | 60,976 | ||
Commercial Portfolio Segment [Member] | Pass [Member] | |||||
Financing Receivable, amortized cost | 60,261 | ||||
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||||
Financing Receivable, amortized cost | 388 | ||||
Commercial Portfolio Segment [Member] | Substandard [Member] | |||||
Financing Receivable, amortized cost | 172 | ||||
Commercial Portfolio Segment [Member] | Doubtful [Member] | |||||
Financing Receivable, amortized cost | 155 | ||||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Financing Receivable, amortized cost | $ 0 | ||||
Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||||
Current period gross write-offs, Total | 0 | 0 | |||
Current period gross write-offs, total | 0 | 0 | |||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | |||||
Financing Receivable, Year One | 12,585 | 12,585 | |||
Financing Receivable, Year Two | 15,737 | 15,737 | |||
Financing Receivable, Year Three | 11,689 | 11,689 | |||
Financing Receivable, Year Four | 6,030 | 6,030 | |||
Financing Receivable, Year Five | 5,890 | 5,890 | |||
Financing Receivable, Prior | 3,803 | 3,803 | |||
Financing Receivable, Revolving | 10,160 | 10,160 | |||
Financing Receivable, amortized cost | 65,894 | 65,894 | |||
Current period gross write-offs, Year One | 0 | ||||
Current period gross write-offs, Year Two | 154 | ||||
Current period gross write-offs, Year Three | 2 | ||||
Current period gross write-offs, Year Four | 26 | ||||
Current period gross write-offs, Year Five | 0 | ||||
Current period gross write-offs, Prior | 6 | ||||
Current period gross write-offs, Revolving | 0 | ||||
Current period gross write-offs, Total | 0 | 188 | |||
year one | 12,585 | 12,585 | |||
Year two | 15,737 | 15,737 | |||
Year three | 11,689 | 11,689 | |||
Year four | 6,030 | 6,030 | |||
Year five | 5,890 | 5,890 | |||
Prior | 3,803 | 3,803 | |||
Revolving | 10,160 | 10,160 | |||
total | 65,894 | 65,894 | |||
year one, Current period gross write-offs | 0 | ||||
Year two, Current period gross write-offs | 154 | ||||
Current period gross write-offs, Year three | 2 | ||||
Current period gross write-offs, Year four | 26 | ||||
Current period gross write-offs, year five | 0 | ||||
Current period gross write-offs, prior | 6 | ||||
Current period gross write-offs, revolving | 0 | ||||
Current period gross write-offs, total | 0 | 188 | |||
Financing Receivable, amortized cost | 65,894 | 65,894 | |||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Pass [Member] | |||||
Financing Receivable, Year One | 12,585 | 12,585 | |||
Financing Receivable, Year Two | 15,709 | 15,709 | |||
Financing Receivable, Year Three | 11,671 | 11,671 | |||
Financing Receivable, Year Four | 5,979 | 5,979 | |||
Financing Receivable, Year Five | 5,686 | 5,686 | |||
Financing Receivable, Prior | 3,803 | 3,803 | |||
Financing Receivable, Revolving | 9,962 | 9,962 | |||
Financing Receivable, amortized cost | 65,395 | 65,395 | |||
year one | 12,585 | 12,585 | |||
Year two | 15,709 | 15,709 | |||
Year three | 11,671 | 11,671 | |||
Year four | 5,979 | 5,979 | |||
Year five | 5,686 | 5,686 | |||
Prior | 3,803 | 3,803 | |||
Revolving | 9,962 | 9,962 | |||
total | 65,395 | 65,395 | |||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Special Mention [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 28 | 28 | |||
Financing Receivable, Year Three | 18 | 18 | |||
Financing Receivable, Year Four | 51 | 51 | |||
Financing Receivable, Year Five | 163 | 163 | |||
Financing Receivable, Prior | |||||
Financing Receivable, Revolving | 87 | 87 | |||
Financing Receivable, amortized cost | 347 | 347 | |||
year one | 0 | 0 | |||
Year two | 28 | 28 | |||
Year three | 18 | 18 | |||
Year four | 51 | 51 | |||
Year five | 163 | 163 | |||
Prior | |||||
Revolving | 87 | 87 | |||
total | 347 | 347 | |||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Substandard [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 41 | 41 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 111 | 111 | |||
Financing Receivable, amortized cost | 152 | 152 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 41 | 41 | |||
Prior | 0 | 0 | |||
Revolving | 111 | 111 | |||
total | 152 | 152 | |||
Commercial Portfolio Segment [Member] | Commercial Business [Member] | Doubtful [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | 0 | 0 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||||
Financing Receivable, Year One | 13,856 | 13,856 | |||
Financing Receivable, Year Two | 40,958 | 40,958 | |||
Financing Receivable, Year Three | 30,565 | 30,565 | |||
Financing Receivable, Year Four | 21,920 | 21,920 | |||
Financing Receivable, Year Five | 18,924 | 18,924 | |||
Financing Receivable, Prior | 42,403 | 42,403 | |||
Financing Receivable, Revolving | 2,411 | 2,411 | |||
Financing Receivable, amortized cost | 171,037 | 171,037 | |||
Current period gross write-offs, Year One | 0 | ||||
Current period gross write-offs, Year Two | 0 | ||||
Current period gross write-offs, Year Three | 0 | ||||
Current period gross write-offs, Year Four | 0 | ||||
Current period gross write-offs, Year Five | 0 | ||||
Current period gross write-offs, Prior | 0 | ||||
Current period gross write-offs, Revolving | 0 | ||||
Current period gross write-offs, Total | 0 | ||||
year one | 13,856 | 13,856 | |||
Year two | 40,958 | 40,958 | |||
Year three | 30,565 | 30,565 | |||
Year four | 21,920 | 21,920 | |||
Year five | 18,924 | 18,924 | |||
Prior | 42,403 | 42,403 | |||
Revolving | 2,411 | 2,411 | |||
total | 171,037 | 171,037 | |||
year one, Current period gross write-offs | 0 | ||||
Year two, Current period gross write-offs | 0 | ||||
Current period gross write-offs, Year three | 0 | ||||
Current period gross write-offs, Year four | 0 | ||||
Current period gross write-offs, year five | 0 | ||||
Current period gross write-offs, prior | 0 | ||||
Current period gross write-offs, revolving | 0 | ||||
Current period gross write-offs, total | 0 | ||||
Financing Receivable, amortized cost | 171,037 | 171,037 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Pass [Member] | |||||
Financing Receivable, Year One | 13,027 | 13,027 | |||
Financing Receivable, Year Two | 40,958 | 40,958 | |||
Financing Receivable, Year Three | 30,565 | 30,565 | |||
Financing Receivable, Year Four | 21,288 | 21,288 | |||
Financing Receivable, Year Five | 18,502 | 18,502 | |||
Financing Receivable, Prior | 41,503 | 41,503 | |||
Financing Receivable, Revolving | 1,862 | 1,862 | |||
Financing Receivable, amortized cost | 167,705 | 167,705 | |||
year one | 13,027 | 13,027 | |||
Year two | 40,958 | 40,958 | |||
Year three | 30,565 | 30,565 | |||
Year four | 21,288 | 21,288 | |||
Year five | 18,502 | 18,502 | |||
Prior | 41,503 | 41,503 | |||
Revolving | 1,862 | 1,862 | |||
total | 167,705 | 167,705 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Special Mention [Member] | |||||
Financing Receivable, Year One | 829 | 829 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 399 | 399 | |||
Financing Receivable, Year Five | 422 | 422 | |||
Financing Receivable, Prior | 64 | 64 | |||
Financing Receivable, Revolving | 549 | 549 | |||
Financing Receivable, amortized cost | 2,263 | 2,263 | |||
year one | 829 | 829 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 399 | 399 | |||
Year five | 422 | 422 | |||
Prior | 64 | 64 | |||
Revolving | 549 | 549 | |||
total | 2,263 | 2,263 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Substandard [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 233 | 233 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 836 | 836 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 1,069 | 1,069 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 233 | 233 | |||
Year five | 0 | 0 | |||
Prior | 836 | 836 | |||
Revolving | 0 | 0 | |||
total | 1,069 | 1,069 | |||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Doubtful [Member] | |||||
Financing Receivable, Year One | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | |||
Financing Receivable, Revolving | 0 | 0 | |||
Financing Receivable, amortized cost | 0 | 0 | |||
year one | 0 | 0 | |||
Year two | 0 | 0 | |||
Year three | 0 | 0 | |||
Year four | 0 | 0 | |||
Year five | 0 | 0 | |||
Prior | 0 | 0 | |||
Revolving | 0 | 0 | |||
total | $ 0 | $ 0 |
Note 4 - Loans and Allowance_11
Note 4 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2022 | Dec. 31, 2022 | |
Recorded investment with no allowance | $ 1,973 | $ 1,973 | $ 1,780 |
Unpaid principal balance with no allowance | 2,167 | 2,167 | 1,960 |
Average recorded investment with no allowance | 1,861 | 1,853 | |
Interest income recognized with no allowance | 10 | 36 | |
Recorded investment with allowance | 0 | 0 | 155 |
Unpaid principal balance with allowance | 0 | 0 | 155 |
Related allowance | 0 | 0 | 155 |
Average recorded investment with allowance | 157 | 229 | |
Interest income recognized with allowance | 0 | 0 | |
Recorded investment | 1,973 | 1,973 | 1,935 |
Unpaid principal balance | 2,167 | 2,167 | 2,115 |
Average recorded investment | 2,018 | 2,082 | |
Interest income recognized | 10 | 36 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||
Recorded investment with no allowance | 894 | 894 | 854 |
Unpaid principal balance with no allowance | 1,053 | 1,053 | 996 |
Average recorded investment with no allowance | 891 | 903 | |
Interest income recognized with no allowance | 2 | 9 | |
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 | 14 | |
Interest income recognized with allowance | 0 | 0 | |
Recorded investment | 894 | 894 | 854 |
Unpaid principal balance | 1,053 | 1,053 | 996 |
Average recorded investment | 906 | 917 | |
Interest income recognized | 2 | 9 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||
Recorded investment with no allowance | 51 | 51 | 51 |
Unpaid principal balance with no allowance | 51 | 51 | 51 |
Average recorded investment with no allowance | 51 | 76 | |
Interest income recognized with no allowance | 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 | |
Interest income recognized with allowance | 0 | 0 | |
Recorded investment | 51 | 51 | 51 |
Unpaid principal balance | 51 | 51 | 51 |
Average recorded investment | 51 | 76 | |
Interest income recognized | 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 | |
Interest income recognized with no allowance | 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 | |
Interest income recognized with allowance | 0 | 0 | |
Recorded investment | 0 | 0 | 0 |
Unpaid principal balance | 0 | 0 | 0 |
Average recorded investment | 0 | 0 | |
Interest income recognized | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Recorded investment with no allowance | 566 | 566 | 463 |
Unpaid principal balance with no allowance | 585 | 585 | 484 |
Average recorded investment with no allowance | 573 | 612 | |
Interest income recognized with no allowance | 6 | 20 | |
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 | |
Interest income recognized with allowance | 0 | 0 | |
Recorded investment | 566 | 566 | 463 |
Unpaid principal balance | 585 | 585 | 484 |
Average recorded investment | 573 | 612 | |
Interest income recognized | 6 | 20 | |
Commercial Portfolio Segment [Member] | |||
Recorded investment with no allowance | 147 | 147 | 40 |
Unpaid principal balance with no allowance | 147 | 147 | 40 |
Average recorded investment with no allowance | 153 | 162 | |
Interest income recognized with no allowance | 2 | 7 | |
Recorded investment with allowance | 0 | 0 | 155 |
Unpaid principal balance with allowance | 0 | 0 | 155 |
Related allowance | 0 | 0 | 155 |
Average recorded investment with allowance | 0 | 0 | |
Interest income recognized with allowance | 0 | 0 | |
Recorded investment | 147 | 147 | 195 |
Unpaid principal balance | 147 | 147 | 195 |
Average recorded investment | 153 | 162 | |
Interest income recognized | 2 | 7 | |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||
Recorded investment with no allowance | 315 | 315 | 372 |
Unpaid principal balance with no allowance | 331 | 331 | 389 |
Average recorded investment with no allowance | 193 | 100 | |
Interest income recognized with no allowance | 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 | 142 | 215 | |
Interest income recognized with allowance | 0 | 0 | |
Recorded investment | 315 | 315 | 372 |
Unpaid principal balance | 331 | 331 | 389 |
Average recorded investment | 335 | 315 | |
Interest income recognized | 0 | 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 | |
Interest income recognized with no allowance | 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 | |
Interest income recognized with allowance | 0 | 0 | |
Recorded investment | 0 | 0 | 0 |
Unpaid principal balance | 0 | 0 | $ 0 |
Average recorded investment | 0 | 0 | |
Interest income recognized | $ 0 | $ 0 |
Note 5 - Qualified Affordable_2
Note 5 - Qualified Affordable Housing Project Investment (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Amortization Method Qualified Affordable Housing Project Investments, Amortization | $ 82,000 | $ 89,000 | $ 252,000 | $ 266,000 | |
Affordable Housing Tax Credits and Other Tax Benefits, Amount | 100,000 | $ 105,000 | 308,000 | $ 314,000 | |
Other Assets [Member] | |||||
Investments | 1,900,000 | 1,900,000 | $ 2,200,000 | ||
Other Liabilities [Member] | |||||
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | $ 168,000 | $ 168,000 | $ 216,000 |
Note 6 - Renewable Energy Tax_2
Note 6 - Renewable Energy Tax Credit Investment (Details Textual) | 3 Months Ended |
Sep. 30, 2023 USD ($) | |
Amortization of Solar Energy Tax Credit Investment | $ 997,000 |
Income Tax Credits and Adjustments | 1,100,000 |
Financial Standby Letter of Credit [Member] | |
Guarantor Obligations, Maximum Exposure, Undiscounted | 2,000,000 |
Investment Tax Credit Carryforward [Member] | |
Tax Credit, Committed Investment in the Tax Credit Producing Entity | 1,000,000 |
Tax Credit, Unfunded Commitment | $ 1,900,000 |
Note 7 - Borrowed Funds (Detail
Note 7 - Borrowed Funds (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
May 12, 2023 | Sep. 30, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Federal Home Loan Bank, Advance, Maturity, Year One | $ 15,000 | $ 15,000 | |||
Proceeds from Short-Term Debt | 13,000 | $ 0 | |||
Residential Mortgage Segment [Member] | |||||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 36,100 | 36,100 | |||
US Treasury Securities [Member] | |||||
Investment Owned, Face Amount | 42,400 | 42,400 | |||
Federal Reserve Bank Advances [Member] | |||||
Short-Term Debt | 13,000 | 13,000 | $ 0 | ||
Proceeds from Short-Term Debt | $ 13,000 | 0 | 0 | ||
Debt Instrument, Interest Rate, Stated Percentage | 4.99% | ||||
Debt Instrument, Term (Year) | 1 year | ||||
Federal Reserve Bank Advances [Member] | Asset Pledged as Collateral [Member] | |||||
Investment Owned, Balance, Principal Amount | 48,900 | 48,900 | |||
Investment Owned, Fair Value | $ 44,700 | $ 44,700 |
Note 7 - Borrowed Funds - Short
Note 7 - Borrowed Funds - Short Term FHLB Advances (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Variable Rate Advances [Member] | ||||
Maximum balance at any month end | $ 5,000 | $ 0 | $ 5,000 | $ 0 |
Average balance | 1,359 | 0 | 572 | 0 |
Period end balance | $ 5,000 | $ 0 | $ 5,000 | $ 0 |
At end of period | 5.73% | 0% | 5.73% | 0% |
During the period | 6.09% | 0% | 5.94% | 0% |
Fixed Rate Advances [Member] | ||||
Maximum balance at any month end | $ 10,000 | $ 0 | $ 15,000 | $ 0 |
Average balance | 1,956 | 0 | 2,050 | 0 |
Period end balance | $ 10,000 | $ 0 | $ 10,000 | $ 0 |
At end of period | 5.59% | 0% | 5.59% | 0% |
During the period | 6.02% | 0% | 5.40% | 0% |
Note 8 - Supplemental Disclos_3
Note 8 - Supplemental Disclosure for Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Restricted Stock [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 5,600 | 12,550 | 5,600 | 12,550 |
Note 8 - Supplemental Disclos_4
Note 8 - 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, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net income attributable to First Capital, Inc. | $ 3,138 | $ 3,125 | $ 9,680 | $ 8,362 |
Weighted average common shares outstanding (in shares) | 3,345,869 | 3,358,800 | 3,347,823 | 3,353,459 |
Net income attributable to First Capital, Inc. per common share, basic (in dollars per share) | $ 0.94 | $ 0.93 | $ 2.89 | $ 2.49 |
Net income attributable to First Capital, Inc. | $ 3,138 | $ 3,125 | $ 9,680 | $ 8,362 |
Weighted average common shares outstanding (in shares) | 3,345,869 | 3,358,800 | 3,347,823 | 3,353,459 |
Add: Dilutive effect of restricted stock (in shares) | 0 | 0 | 0 | 0 |
Weighted average common shares outstanding, as adjusted (in shares) | 3,345,869 | 3,358,800 | 3,347,823 | 3,353,459 |
Net income attributable to First Capital, Inc. per common share, diluted (in dollars per share) | $ 0.94 | $ 0.93 | $ 2.89 | $ 2.49 |
Note 9 - Stock-based Compensa_3
Note 9 - Stock-based Compensation Plan (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||||
May 22, 2019 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | May 20, 2019 | May 20, 2009 | |
Restricted Stock [Member] | |||||||
Share-Based Payment Arrangement, Expense | $ 53,000 | $ 156,000 | $ 198,000 | $ 352,000 | |||
Share-Based Payment Arrangement, Expense, Tax Benefit | 17,000 | $ 3,000 | $ 17,000 | $ 44,000 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 6,100 | 8,950 | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 188,000 | $ 260,000 | |||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 303,000 | $ 303,000 | |||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 7 months 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) | 162,800 | 162,800 | |||||
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 9 - Stock-based Compensa_4
Note 9 - Stock-based Compensation Plan - Summary of Nonvested Restricted Shares (Details) - $ / shares | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Nonvested, number of shares (in shares) | 5,600 | |
Nonvested, weight average grant date fair value (in dollars per share) | $ 63.6 | |
Restricted Stock [Member] | ||
Nonvested, number of shares (in shares) | 12,550 | |
Nonvested, weight average grant date fair value (in dollars per share) | $ 57.07 | |
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) | 6,100 | 8,950 |
Vested, weight average grant date fair value (in dollars per share) | $ 51.12 | |
Forfeited, number of shares (in shares) | 850 | |
Forfeited, weight average grant date fair value (in dollars per share) | $ 56.76 |
Note 10 - Supplemental Disclo_3
Note 10 - Supplemental Disclosures of Cash Flow Information - Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Interest | $ 4,543 | $ 933 |
Taxes (net of refunds received) | 1,806 | 1,881 |
Transfers from loans to real estate acquired through foreclosure | $ 72 | $ 0 |
Note 11 - Fair Value Measurem_3
Note 11 - Fair Value Measurements (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Liabilities, Fair Value Disclosure | $ 0 | $ 0 | $ 0 | ||
Impaired Loan [Member] | |||||
Provision for Loan, Lease, and Other Losses | $ 2,000 | $ 3,000 | $ 38,000 | $ 7,000 | |
Fair Value, Inputs, Level 3 [Member] | |||||
Fair Value Inputs, Estimated Selling Costs | 30% |
Note 11 - Fair Value Measurem_4
Note 11 - Fair Value Measurements - Assets Measured at Fair Value on Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Securities available for sale | $ 440,080 | $ 460,819 |
Equity securities (included in other assets) | 1,400 | 1,500 |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 72,073 | 83,863 |
Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 22,815 | 9,353 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 134,992 | 137,981 |
US Treasury and Government [Member] | ||
Securities available for sale | 73,714 | 78,732 |
Municipal Notes [Member] | ||
Securities available for sale | 136,486 | 150,890 |
Fair Value, Recurring [Member] | ||
Securities available for sale | 440,080 | 460,819 |
Equity securities (included in other assets) | 1,381 | 1,467 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 72,073 | 83,863 |
Fair Value, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 22,815 | 9,353 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 134,992 | 137,981 |
Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Securities available for sale | 73,714 | 78,732 |
Fair Value, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | 136,486 | 150,890 |
Fair Value, Nonrecurring [Member] | ||
Impaired loans | 27 | |
Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | 27 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Securities available for sale | 0 | 0 |
Equity securities (included in other assets) | 1,381 | 1,467 |
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 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | 0 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Securities available for sale | 440,080 | 460,819 |
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 | 72,073 | 83,863 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 22,815 | 9,353 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 134,992 | 137,981 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Securities available for sale | 73,714 | 78,732 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | 136,486 | 150,890 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | ||
Impaired loans | 0 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | 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 | 27 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | $ 27 |
Note 11 - Fair Value Measurem_5
Note 11 - Fair Value Measurements - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Securities available for sale | $ 440,080 | $ 460,819 |
Equity securities (included in other assets) | 1,400 | 1,500 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 31,430 | 66,298 |
Interest-bearing time deposits | 4,165 | 3,677 |
Securities available for sale | 440,080 | 460,819 |
Securities held to maturity | 7,000 | 7,000 |
Loans held for sale | 1,360 | 793 |
Loans, net | 602,319 | 557,958 |
FHLB and other restricted stock | 1,836 | 1,836 |
Accrued interest receivable | 4,317 | 4,285 |
Equity securities (included in other assets) | 1,381 | 1,467 |
Deposits | 1,017,491 | 1,060,396 |
Borrowed funds | 28,000 | |
Accrued interest payable | 1,506 | 123 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 31,430 | 66,298 |
Interest-bearing time deposits | 4,119 | 3,638 |
Securities available for sale | 440,080 | 460,819 |
Securities held to maturity | 4,472 | 5,311 |
Loans held for sale | 1,379 | 803 |
Loans, net | 598,364 | 554,634 |
Accrued interest receivable | 4,317 | 4,285 |
Equity securities (included in other assets) | 1,381 | 1,467 |
Deposits | 1,015,375 | 1,058,122 |
Borrowed funds | 27,946 | |
Accrued interest payable | 1,506 | 123 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 31,430 | 66,298 |
Interest-bearing time deposits | 0 | 0 |
Securities available for sale | 0 | 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) | 1,381 | 1,467 |
Deposits | 0 | 0 |
Borrowed funds | ||
Accrued interest payable | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | 0 | 0 |
Interest-bearing time deposits | 4,119 | 3,638 |
Securities available for sale | 440,080 | 460,819 |
Securities held to maturity | 4,472 | 5,311 |
Loans held for sale | 1,379 | 803 |
Loans, net | 0 | 0 |
Accrued interest receivable | 4,317 | 4,285 |
Equity securities (included in other assets) | 0 | 0 |
Deposits | 0 | 0 |
Borrowed funds | 27,946 | |
Accrued interest payable | 1,506 | 123 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | 0 | 0 |
Interest-bearing time deposits | 0 | 0 |
Securities available for sale | 0 | 0 |
Securities held to maturity | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans, net | 598,364 | 554,634 |
Accrued interest receivable | 0 | 0 |
Equity securities (included in other assets) | 0 | 0 |
Deposits | 1,015,375 | 1,058,122 |
Borrowed funds | ||
Accrued interest payable | $ 0 | $ 0 |
Note 12 - Revenue From Contra_3
Note 12 - Revenue From Contracts With Customers - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Noninterest income | $ 1,766 | $ 1,856 | $ 5,229 | $ 5,283 |
Net gain (loss) on loans and investments | 59 | (59) | 280 | 455 |
Increase in cash value of life insurance | 47 | 44 | 158 | 157 |
Other | 75 | 32 | 134 | 90 |
Other noninterest income | 181 | 17 | 572 | 702 |
Total noninterest income | 1,947 | 1,873 | 5,801 | 5,985 |
Deposit Account [Member] | ||||
Noninterest income | 597 | 618 | 1,737 | 1,670 |
ATM and Debit Card Fees [Member] | ||||
Noninterest income | 1,127 | 1,059 | 3,355 | 3,132 |
Investment Advisory, Management and Administrative Service [Member] | ||||
Noninterest income | 15 | 160 | 46 | 400 |
Product and Service, Other [Member] | ||||
Noninterest income | $ 27 | $ 19 | $ 91 | $ 81 |