Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2023 | Oct. 31, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001132651 | |
Entity Registrant Name | AMES NATIONAL CORPORATION | |
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 | 0-32637 | |
Entity Incorporation, State or Country Code | IA | |
Entity Tax Identification Number | 42-1039071 | |
Entity Address, Address Line One | 405 Fifth Street | |
Entity Address, City or Town | Ames | |
Entity Address, State or Province | IA | |
Entity Address, Postal Zip Code | 50010 | |
City Area Code | 515 | |
Local Phone Number | 232-6251 | |
Title of 12(b) Security | Common stock | |
Trading Symbol | ATLO | |
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 | 8,992,167 |
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 | $ 21,992 | $ 20,819 |
Interest-bearing deposits in financial institutions and federal funds sold | 68,071 | 7,065 |
Total cash and cash equivalents | 90,063 | 27,884 |
Interest-bearing time deposits | 9,889 | 14,669 |
Securities available-for-sale | 736,944 | 786,438 |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | 4,000 | 4,613 |
Loans receivable, net | 1,231,893 | 1,226,011 |
Loans held for sale | 428 | 154 |
Bank premises and equipment, net | 21,828 | 18,895 |
Accrued income receivable | 13,794 | 11,275 |
Bank-owned life insurance | 3,111 | 3,054 |
Deferred Income Tax Assets, Net | 23,206 | 22,130 |
Intangible assets, net | 1,543 | 1,931 |
Goodwill | 12,424 | 12,424 |
Other assets | 4,928 | 5,448 |
Total assets | 2,154,051 | 2,134,926 |
LIABILITIES | ||
Noninterest-bearing checking | 371,691 | 391,576 |
Interest-bearing checking | 616,382 | 617,379 |
Savings and money market | 567,461 | 675,031 |
Time, $250 and over | 74,360 | 42,886 |
Other time | 198,787 | 171,085 |
Total deposits | 1,828,681 | 1,897,957 |
Securities sold under agreements to repurchase | 60,941 | 40,676 |
Other borrowings | 105,942 | 39,120 |
Dividends payable | 2,428 | 2,428 |
Accrued interest payable | 3,561 | 666 |
Accrued expenses and other liabilities | 5,858 | 4,981 |
Total liabilities | 2,007,411 | 1,985,828 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 8,992,167 shares as of September 30, 2023 and December 31, 2022 | 17,984 | 17,984 |
Additional paid-in capital | 14,253 | 14,253 |
Retained earnings | 180,724 | 179,931 |
Accumulated other comprehensive (loss) | (66,321) | (63,070) |
Total stockholders' equity | 146,640 | 149,098 |
Total liabilities and stockholders' equity | $ 2,154,051 | $ 2,134,926 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Sep. 30, 2023 | Dec. 31, 2022 |
Common stock, par value (in dollars per share) | $ 2 | $ 2 |
Common stock, authorized (in shares) | 18,000,000 | 18,000,000 |
Common stock, issued (in shares) | 8,992,167 | 8,992,167 |
Common stock, outstanding (in shares) | 8,992,167 | 8,992,167 |
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 | |
Interest and dividend income: | ||||
Loans, including fees | $ 14,585 | $ 11,688 | $ 41,657 | $ 33,229 |
Securities: | ||||
Taxable | 3,152 | 3,226 | 9,556 | 8,861 |
Tax-exempt | 549 | 641 | 1,748 | 1,990 |
Other interest and dividend income | 476 | 250 | 1,484 | 675 |
Total interest income | 18,762 | 15,805 | 54,445 | 44,755 |
Interest expense: | ||||
Deposits | 6,518 | 1,847 | 17,214 | 3,921 |
Other borrowed funds | 1,555 | 295 | 3,571 | 383 |
Total interest expense | 8,073 | 2,142 | 20,785 | 4,304 |
Net interest income | 10,689 | 13,663 | 33,660 | 40,451 |
Credit loss expense (benefit) | (274) | (520) | 34 | (706) |
Net interest income after credit loss expense (benefit) | 10,963 | 14,183 | 33,626 | 41,157 |
Noninterest income: | ||||
Securities gains, net | 28 | 2 | 35 | 37 |
Gain on sale of loans held for sale | 95 | 137 | 254 | 501 |
Other noninterest income | 333 | 274 | 884 | 716 |
Total noninterest income | 2,360 | 2,286 | 6,929 | 7,218 |
Noninterest expense: | ||||
Salaries and employee benefits | 5,902 | 5,731 | 17,751 | 17,092 |
Data processing | 1,497 | 1,494 | 4,395 | 4,594 |
Occupancy expenses, net | 671 | 674 | 2,273 | 2,097 |
FDIC insurance assessments | 284 | 155 | 803 | 450 |
Professional fees | 545 | 431 | 1,540 | 1,407 |
Business development | 311 | 346 | 975 | 981 |
Intangible asset amortization | 130 | 145 | 388 | 438 |
New market tax credit projects amortization | 192 | 189 | 575 | 567 |
Other operating expenses, net | 270 | 322 | 1,445 | 1,091 |
Total noninterest expense | 9,802 | 9,487 | 30,145 | 28,717 |
Income before income taxes | 3,521 | 6,982 | 10,410 | 19,658 |
Provision for income taxes | 597 | 1,439 | 1,732 | 4,777 |
Net income | $ 2,924 | $ 5,543 | $ 8,678 | $ 14,881 |
Basic and diluted earnings per share (in dollars per share) | $ 0.33 | $ 0.62 | $ 0.97 | $ 1.64 |
Cash dividends declared, per share (in dollars per share) | $ 0.27 | $ 0.27 | $ 0.81 | $ 0.81 |
Fiduciary and Trust [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 1,157 | $ 1,063 | $ 3,507 | $ 3,589 |
Financial Service [Member] | ||||
Noninterest income: | ||||
Noninterest income | 343 | 348 | 1,000 | 1,013 |
Credit and Debit Card [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 404 | $ 462 | $ 1,249 | $ 1,362 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net income | $ 2,924 | $ 5,543 | $ 8,678 | $ 14,881 |
Unrealized holding (losses) arising during the period | (12,158) | (30,439) | (4,230) | (100,257) |
Plus: reclassification adjustment for (gains) realized in net income | (28) | (2) | (35) | (37) |
Other comprehensive (loss), before tax | (12,186) | (30,441) | (4,265) | (100,294) |
Tax benefit related to other comprehensive income | 2,901 | 7,246 | 1,016 | 24,517 |
Other income tax effects from tax reform | 0 | 0 | (2) | 0 |
Other comprehensive (loss), net of tax | (9,285) | (23,195) | (3,251) | (75,777) |
Comprehensive income (loss) | $ (6,361) | $ (17,652) | $ 5,427 | $ (60,896) |
Consolidated Statements of Stoc
Consolidated Statements of 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] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2021 | 9,092,167 | |||||||||
Balance at Dec. 31, 2021 | $ 18,184 | $ 16,353 | $ 170,377 | $ 2,864 | $ 207,778 | |||||
Net income | 0 | 0 | 14,881 | 0 | 14,881 | |||||
Other comprehensive income (loss) | 0 | 0 | 0 | (75,777) | (75,777) | |||||
Cash dividends declared | $ 0 | 0 | (7,311) | 0 | (7,311) | |||||
Other income tax effects from tax reform | 0 | |||||||||
Repurchase and retirement of stock (in shares) | (100,000) | |||||||||
Repurchase and retirement of stock | $ (200) | (2,100) | 0 | 0 | (2,300) | |||||
Balance (in shares) at Sep. 30, 2022 | 8,992,167 | |||||||||
Balance at Sep. 30, 2022 | $ 17,984 | 14,253 | 177,947 | (72,913) | 137,271 | |||||
Balance (in shares) at Jun. 30, 2022 | 8,992,167 | |||||||||
Balance at Jun. 30, 2022 | $ 17,984 | 14,253 | 174,832 | (49,718) | 157,351 | |||||
Net income | 0 | 0 | 5,543 | 0 | 5,543 | |||||
Other comprehensive income (loss) | 0 | 0 | 0 | (23,195) | (23,195) | |||||
Cash dividends declared | $ 0 | 0 | (2,428) | 0 | (2,428) | |||||
Other income tax effects from tax reform | 0 | |||||||||
Balance (in shares) at Sep. 30, 2022 | 8,992,167 | |||||||||
Balance at Sep. 30, 2022 | $ 17,984 | 14,253 | 177,947 | (72,913) | $ 137,271 | |||||
Balance (in shares) at Dec. 31, 2022 | 8,992,167 | 8,992,167 | ||||||||
Balance at Dec. 31, 2022 | $ 0 | $ 0 | $ (603) | $ 0 | $ (603) | $ 17,984 | 14,253 | 179,931 | (63,070) | $ 149,098 |
Net income | 0 | 0 | 8,678 | 0 | 8,678 | |||||
Other comprehensive income (loss) | 0 | 0 | 0 | (3,251) | (3,251) | |||||
Cash dividends declared | 0 | 0 | (7,284) | 0 | (7,284) | |||||
Other income tax effects from tax reform | $ 0 | 0 | 2 | 0 | $ 2 | |||||
Balance (in shares) at Sep. 30, 2023 | 8,992,167 | 8,992,167 | ||||||||
Balance at Sep. 30, 2023 | $ 17,984 | 14,253 | 180,724 | (66,321) | $ 146,640 | |||||
Balance (in shares) at Jun. 30, 2023 | 8,992,167 | |||||||||
Balance at Jun. 30, 2023 | $ 17,984 | 14,253 | 180,228 | (57,036) | 155,429 | |||||
Net income | 0 | 0 | 2,924 | 0 | 2,924 | |||||
Other comprehensive income (loss) | 0 | 0 | 0 | (9,285) | (9,285) | |||||
Cash dividends declared | 0 | 0 | (2,428) | 0 | (2,428) | |||||
Other income tax effects from tax reform | $ 0 | 0 | 0 | 0 | $ 0 | |||||
Balance (in shares) at Sep. 30, 2023 | 8,992,167 | 8,992,167 | ||||||||
Balance at Sep. 30, 2023 | $ 17,984 | $ 14,253 | $ 180,724 | $ (66,321) | $ 146,640 |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | |||
Aug. 09, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Cash dividends declared, per share (in dollars per share) | $ 0.27 | $ 0.27 | $ 0.27 | $ 0.81 | $ 0.81 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | ||
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net income | $ 8,678 | $ 14,881 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Credit loss expense (benefit) for loans | 80 | [1] | (706) |
Credit loss expense (benefit) for off-balance sheet credit exposures | (46) | 131 | |
Amortization of securities available-for-sale and loans, net | 1,189 | 1,729 | |
Amortization of intangible assets | 388 | 438 | |
Depreciation | 918 | 1,064 | |
Deferred income taxes | 127 | 985 | |
Securities (gains), net | (35) | (37) | |
Increase in cash value of bank-owned life insurance | (57) | (51) | |
(Gain) on sales of loans held for sale | (254) | (501) | |
Proceeds from loans held for sale | 13,463 | 22,904 | |
Originations of loans held for sale | (13,483) | (22,870) | |
(Gain) on sale and disposal of premises and equipment, net | 0 | (76) | |
Amortization of investment in New Markets Tax Credit projects | 575 | 567 | |
Change in assets and liabilities: | |||
(Increase) in accrued income receivable | (2,519) | (1,949) | |
(Increase) in other assets | (28) | (1,059) | |
Increase (decrease) in accrued expenses and other liabilities | 3,818 | (450) | |
Net cash provided by operating activities | 12,814 | 15,000 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Net decrease in interest-bearing time deposits | 4,780 | 1,512 | |
Purchase of securities available-for-sale | (3,779) | (138,006) | |
Proceeds from sale of securities available-for-sale | 2,069 | 10,548 | |
Proceeds from maturities and calls of securities available-for-sale | 45,616 | 72,304 | |
Purchase of FHLB stock | (14,941) | (5,946) | |
Proceeds from the redemption of FHLB and FRB stock | 15,554 | 5,227 | |
Net (increase) in loans | (6,617) | (29,997) | |
Purchase of premises and equipment | (3,844) | (1,754) | |
Proceeds from the sale of premises and equipment | 0 | 125 | |
Net cash provided by (used in) investing activities | 38,838 | (85,987) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
(Decrease) in deposits | (69,276) | (5,008) | |
Increase in securities sold under agreements to repurchase | 20,265 | 1,218 | |
Payments on other borrowings | (88,758) | (3,150) | |
Proceeds from other borrowings | 191,000 | 4,000 | |
Net payments on FHLB short-term borrowings | (35,420) | 23,600 | |
Dividends paid | (7,284) | (7,247) | |
Stock repurchases | 0 | (2,300) | |
Net cash provided by financing activities | 10,527 | 11,113 | |
Net increase (decrease) in cash and cash equivalents | 62,179 | (59,874) | |
CASH AND CASH EQUIVALENTS | |||
Beginning | 27,884 | 89,129 | |
Ending | 90,063 | 29,255 | |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
Interest | 17,890 | 4,553 | |
Income taxes | $ 1,485 | $ 3,603 | |
[1]The difference in the credit loss expense reported herein as compared to the Consolidated Statements of Income is associated with the credit loss benefit of $46 thousand related to off-balance sheet credit exposures. |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. Significant Accounting Policies The accompanying unaudited consolidated financial statements have been prepared by Ames National Corporation (the “Company”) pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the company believes that the disclosures made are adequate to make the information not 10 December 31, 2022 ( December 31, 2022 not may Subsequent Events: 10 Reclassifications: no Goodwill: not not The fair value of a reporting unit is the price that would be received to sell the unit as a whole in an orderly transaction between market participants at the measurement date. As none October 1, 2022 not no no September 30, 2023. Adoption of New Financial Accounting Standard Codification 326 326 On January 1, 2023, 2016 13 326 not 842 326 not not The Company adopted ASC 326 January 1, 2023 326 January 1, 2023 326, The following table illustrates the impact of ASC 326 January 1, 2023 As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Assets: Loans receivable Allowance for credit losses on loans $ 16,215 $ 15,697 $ 518 Liabilities: Accrued expenses and other liabilities Allowance for credit losses on off-balance sheet credit exposures $ 1,071 $ 798 $ 273 Available-For-Sale Debt Securities and the Allowance For Credit Losses On Available-For-Sale Debt Securities: not not first AFS debt securities in unrealized loss positions are evaluated for impairment related to credit losses at least quarterly. For AFS debt securities, a decline in fair value due to credit loss results in recording an allowance for credit losses to the extent the fair value is less than the amortized cost basis. Declines in fair value that have not Impairment may third If we intend to sell a debt security or more likely than not Accrued interest receivable on AFS debt securities totaled $4.1 million at September 30, 2023 Loans Held for Sale: not Loans Held For Investment: September 30, 2023 The policy for charging off loans is consistent throughout all loan categories. A loan is charged off based on criteria that includes but is not The accrual of interest income on loans is discontinued when, in the opinion of management, there is reasonable doubt as to the borrower's ability to meet payments of interest or principal when they become due, which is generally when a loan is 90 may no first Allowance for Credit Losses For Loans Held For Investment: The loan loss estimation process involves procedures to appropriately consider the unique characteristics of loan portfolio segments which consist of construction real estate, 1 4 ● An initial forecast period of one ● A historical loss forecast period covering the remaining contractual life, adjusted for prepayments, by portfolio segment based on the change in key historical economic variables. ● A reversion period of 1 The Company primarily utilizes loss rate based undiscounted cash flow (UDCF) methods to estimate credit losses by portfolio segment. The UDCF methods obtain estimated life-time credit losses using the conceptual components described above. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. In future periods evaluations of the overall loan portfolio, in light of the factors and forecasts then prevailing, may Credit quality is assessed and monitored by evaluating various attributes and the results of those evaluations are utilized in underwriting new loans and in our process for estimation of expected credit losses. The following provides the credit quality indicators and risk elements that are most relevant and most carefully considered and monitored for each loan portfolio segment. Construction Real Estate – Construction loans are underwritten utilizing independent appraisals, sensitivity analysis of absorption, vacancy and lease rates and financial analysis of the developers and property owners. Construction loans are generally based upon estimates of costs and value associated with the completed project. These estimates may may 1 4 1 4 1 4 1 4 not 90% 100% 1 4 1 4 Multi-family, Commercial and Agricultural Real Estate – Multi-family, commercial and agricultural real estate loans are subject to underwriting standards and processes similar to commercial and agricultural operating loans, in addition to those unique to real estate loans. These loans are viewed primarily as cash flow loans and, secondarily, as loans secured by real estate. Multi-family, commercial and agricultural real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Loan-to-value generally does not 80% five seven not twenty-five may may Commercial and Agricultural – Commercial and agricultural operating loans are underwritten based on the Company’s examination of current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. This underwriting includes the evaluation of cash flows of the borrower, underlying collateral, if applicable, and the borrower’s ability to manage its business activities. The cash flows of borrowers and the collateral securing these loans may first Consumer and Other – Consumer and other loans utilize credit reports to supplement the underwriting process. The underwriting standards include a determination of the applicant’s payment history on other debts and an assessment of their ability to meet existing obligations and payments on the proposed loan. To monitor and manage loan risk, policies and procedures are developed and modified, as needed by management. This activity, coupled with smaller loan amounts that are spread across many individual borrowers, minimizes risk. Additionally, market conditions are reviewed by management on a regular basis. The Iowa real GDP and Iowa retail trade earnings are key economic forecasts used in estimating expected credit losses for this segment. Determining the Contractual Term: Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless the extension or renewal options are included in the original or modified contract at the reporting date and are not Credit Loss Measurement: The allowance level is influenced by loan volumes, loan credit quality indicator migration or delinquency status, historic loss experience and other conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions. The methodology for estimating the amount of expected credit losses reported in the allowance for credit losses has two not For a loan that does not The fair value of collateral used by the Company is determined by obtaining an observable market price or by obtaining a fair value from an independent, licensed or certified appraiser, using observable market data. This data includes information such as selling price of similar properties and capitalization rates of similar properties sold within the market, expected future cash flows or earnings of the subject property based on current market expectations, and other relevant factors. Each quarter management reviews all collateral-dependent loans on a loan-by-loan basis to determine whether updated appraisals or evaluations are necessary based on loan performance, collateral type and guarantor support. At times, the Company measures the fair value of collateral-dependent loans using appraisals or evaluations with dates prior to one third not not In estimating the component of the allowance for credit losses for loans that share similar risk characteristics with other loans, such loans are segregated into loan classes. Loans are designated into loan classes based on loans pooled by product types and similar risk characteristics or areas of risk concentration. In determining the allowance for credit losses, we derive an estimated credit loss assumption from a model that categorizes loan pools based on loan type and purpose. This model calculates an expected loss percentage for each loan class by considering the historical loss rate of similar peers. The loss rate factors used to calculate the allowance for credit losses for loans that share similar risk characteristics with other loans are adjusted for differences between the historical period used to calculate historical loss rates and expected conditions over the remaining lives of the loans in the portfolio related to: ( 1 2 3 4 5 6 7 one Allowance for Credit Losses on Off-Balance Sheet Credit Exposures, Including Unfunded Loan Commitments: not No may New and Pending Accounting Pronouncements: In March 2022, 2022 01, 815 2022 01 2017 12. 2022 01 2022 01 2022 01 January 1, 2023. 2022 01 not In March 2023, No. 2023 02, 323 December 15, 2023, |
Note 2 - Dividends
Note 2 - Dividends | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Dividends Disclosure [Text Block] | 2. Dividends On August 9, 2023, November 15, 2023 November 1, 2023, |
Note 3 - Earnings Per Share
Note 3 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 3. Earnings Per Share Earnings per share amounts were calculated using the weighted average shares outstanding during the periods presented. The weighted average outstanding shares for the three September 30, 2023 2022 nine September 30, 2023 2022 |
Note 4 - Off-balance Sheet Arra
Note 4 - Off-balance Sheet Arrangements | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Loans and Leases Receivable Commitments [Text Block] | 4. Off-Balance Sheet Arrangements The Company is party to financial instruments with off-balance sheet risk in the normal course of business. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. No December 31, 2022. |
Note 5 - Fair Value Measurement
Note 5 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 5. Fair Value Measurements Assets and liabilities carried at fair value are required to be classified and disclosed according to the process for determining fair value. There are three Level 1: Level 2: not Level 3: 3 The following is a description of valuation methodologies used for assets and liabilities recorded at fair value on a recurring basis. Securities available-for-sale 1 2 may Derivative financial instruments and loans receivable 2 The following table presents the balances of assets measured at fair value on a recurring basis by level as of September 30, 2023 December 31, 2022 (in thousands) Description Total Level 1 Level 2 Level 3 2023 Assets Securities available-for-sale U.S. government treasuries $ 202,522 $ 202,522 $ - $ - U.S. government agencies 98,049 - 98,049 - U.S. government mortgage-backed securities 101,552 - 101,552 - State and political subdivisions 265,299 - 265,299 - Corporate bonds 69,522 - 69,522 - Loans receivable 8,045 - 8,045 - Derivative financial instruments 1,565 - 1,565 - Liabilities Derivative financial instruments $ 199 $ - $ 199 $ - 2022 Assets Securities available-for-sale U.S. government treasuries $ 207,597 $ 207,597 $ - $ - U.S. government agencies 100,933 - 100,933 - U.S. government mortgage-backed securities 116,741 - 116,741 - State and political subdivisions 286,003 - 286,003 - Corporate bonds 75,164 - 75,164 - Loans receivable 8,494 - 8,494 - Derivative financial instruments 1,096 - 1,096 - Certain assets are measured at fair value on a nonrecurring basis; that is, they are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment or a change in previously recognized impairment). The following table presents the assets carried on the balance sheet (after specific reserves) by caption and by level within the valuation hierarchy as of September 30, 2023 December 31, 2022 (in thousands) Description Total Level 1 Level 2 Level 3 2023 Loans receivable $ 268 $ - $ - $ 268 2022 Loans receivable $ 304 $ - $ - $ 304 The significant inputs used in the fair value measurements for Level 3 September 30, 2023 December 31, 2022 (in thousands) 2023 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Loans receivable $ 268 Evaluation of collateral Estimation of value NM* 2022 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Loans receivable $ 304 Evaluation of collateral Estimation of value NM* * Not Evaluations of the underlying assets are completed for each collateral dependent impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivables, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may not GAAP requires disclosure of the fair value of financial assets and financial liabilities, including those that are not 820 September 30, 2023 December 31, 2022 (in thousands): 2023 2022 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and cash equivalents Level 1 $ 90,063 $ 90,063 $ 27,884 $ 27,884 Interest-bearing time deposits Level 1 9,889 9,221 14,669 14,340 Securities available-for-sale See previous table 736,944 736,944 786,438 786,438 FHLB and FRB stock Level 2 4,000 4,000 4,613 4,613 Loans receivable, net Level 2 1,231,893 1,173,464 1,226,011 1,170,948 Loans held for sale Level 2 428 428 154 154 Accrued income receivable Level 1 13,794 13,794 11,275 11,275 Derivative financial instruments Level 2 1,565 1,565 1,096 1,096 Financial liabilities: Deposits Level 2 $ 1,828,681 $ 1,828,256 $ 1,897,957 $ 1,895,473 Securities sold under agreements to repurchase Level 1 60,941 60,941 40,676 40,676 Other borrowings Level 2 105,942 105,117 39,120 38,991 Accrued interest payable Level 1 3,561 3,561 666 666 Derivative financial instruments Level 2 199 199 - - The methodologies used to determine fair value as of September 30, 2023 not December 31, 2022 Commitments to extend credit and standby letters of credit not Limitations no |
Note 6 - Debt Securities
Note 6 - Debt Securities | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 6. Debt Securities The amortized cost of securities available-for-sale and their approximate fair values as of September 30, 2023 December 31, 2022 (in thousands): 2023: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 221,032 $ - $ (18,510 ) $ 202,522 U.S. government agencies 107,597 2 (9,550 ) 98,049 U.S. government mortgage-backed securities 119,999 3 (18,450 ) 101,552 State and political subdivisions 298,962 6 (33,669 ) 265,299 Corporate bonds 77,177 - (7,655 ) 69,522 $ 824,767 $ 11 $ (87,834 ) $ 736,944 2022: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 227,065 $ - $ (19,468 ) $ 207,597 U.S. government agencies 110,370 4 (9,441 ) 100,933 U.S. government mortgage-backed securities 133,205 4 (16,468 ) 116,741 State and political subdivisions 317,179 27 (31,203 ) 286,003 Corporate bonds 82,177 7 (7,020 ) 75,164 $ 869,996 $ 42 $ (83,600 ) $ 786,438 The amortized cost and fair value of debt securities available-for-sale as of September 30, 2023, may in thousands Amortized Estimated Cost Fair Value Due in one year or less $ 78,232 $ 76,604 Due after one year through five years 403,015 368,300 Due after five years through ten years 214,556 183,416 Due after ten years 8,965 7,072 $ 704,768 $ 635,392 U.S. government mortgage-backed securities 119,999 101,552 Total $ 824,767 $ 736,944 The Company's investment portfolio had an expected duration of 3.64 years as of September 30, 2023. Securities with a carrying value of $367.6 million and $256.7 million at September 30, 2023 December 31, 2022, The proceeds and gains on securities available-for-sale for the three nine September 30, 2023 2022 in thousands Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Proceeds from sales of securities available-for-sale $ 716 $ 10,013 $ 2,069 $ 10,548 Gross realized gains on securities available-for-sale 62 25 73 60 Gross realized losses on securities available-for-sale (34 ) (23 ) (38 ) (23 ) Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2023 December 31, 2022 (in thousands) Less than 12 Months 12 Months or More Total 2023: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ - $ - $ 202,522 $ (18,510 ) $ 202,522 $ (18,510 ) U.S. government agencies 1,934 (64 ) 95,544 (9,486 ) 97,478 (9,550 ) U.S. government mortgage-backed securities 816 (34 ) 100,453 (18,416 ) 101,269 (18,450 ) State and political subdivisions 17,036 (662 ) 246,247 (33,007 ) 263,283 (33,669 ) Corporate bonds 4,033 (177 ) 65,489 (7,478 ) 69,522 (7,655 ) $ 23,819 $ (937 ) $ 710,255 $ (86,897 ) $ 734,074 $ (87,834 ) Less than 12 Months 12 Months or More Total 2022: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ 57,882 $ (3,960 ) $ 147,215 $ (15,508 ) $ 205,097 $ (19,468 ) U.S. government agencies 61,821 (4,293 ) 38,492 (5,148 ) 100,313 (9,441 ) U.S. government mortgage-backed securities 45,440 (4,393 ) 70,854 (12,075 ) 116,294 (16,468 ) State and political subdivisions 181,640 (14,556 ) 97,907 (16,647 ) 279,547 (31,203 ) Corporate bonds 59,293 (4,281 ) 13,382 (2,739 ) 72,675 (7,020 ) $ 406,076 $ (31,483 ) $ 367,850 $ (52,117 ) $ 773,926 $ (83,600 ) Gross unrealized losses on debt securities totaled $87.8 million as of September 30, 2023. not not third not |
Note 7 - Loans Receivable and C
Note 7 - Loans Receivable and Credit Disclosures | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | 7. Loans Receivable and Credit Disclosures The composition of loans receivable as of September 30, 2023 December 31, 2022 in thousands 2023 2022 Real estate - construction $ 64,734 $ 51,253 Real estate - 1 to 4 family residential 280,443 285,107 Real estate - multi-family 193,197 185,784 Real estate - commercial 345,647 353,285 Real estate - agricultural 161,963 159,448 Commercial 87,004 77,265 Agricultural 98,820 113,355 Consumer and other 16,300 16,211 1,248,108 1,241,708 Unallocated portfolio layer basis adjustments 1 (97 ) - Less allowance for credit losses (16,118 ) (15,697 ) Loans receivable, net $ 1,231,893 $ 1,226,011 1 not 11 On January 1, 2023, 2016 13, 326 January 1, 2023 326 Activity in the allowance for credit losses, on a disaggregated basis, for the three nine September 30, 2023 2022 (in thousands) Three Months Ended September 30, 2023 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2023 $ 412 $ 3,357 $ 2,524 $ 5,033 $ 1,214 $ 2,014 $ 1,358 $ 407 $ 16,319 Credit loss expense (benefit) 1 4 (100 ) (29 ) (35 ) 15 (142 ) 40 42 (205 ) Recoveries of loans charged-off - 1 - - - 2 - 1 4 Loans charged-off - - - - - - - - - Balance, September 30, 2023 $ 416 $ 3,258 $ 2,495 $ 4,998 $ 1,229 $ 1,874 $ 1,398 $ 450 $ 16,118 ( 1 Nine Months Ended September 30, 2023 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2022 $ 730 $ 3,028 $ 2,493 $ 4,742 $ 1,625 $ 1,153 $ 1,705 $ 221 $ 15,697 Impact of adopting ASC 326 (395 ) 242 (24 ) 513 (398 ) 449 (61 ) 192 518 Credit loss expense (benefit) 1 81 (15 ) 26 (262 ) 2 301 (82 ) 29 80 Recoveries of loans charged-off - 3 - 5 - 8 - 8 24 Loans charged-off - - - - - (37 ) (164 ) - (201 ) Balance, September 30, 2023 $ 416 $ 3,258 $ 2,495 $ 4,998 $ 1,229 $ 1,874 $ 1,398 $ 450 $ 16,118 ( 1 Three Months Ended September 30, 2022 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2022 $ 606 $ 2,920 $ 2,517 $ 5,843 $ 1,692 $ 1,125 $ 1,484 $ 233 $ 16,420 Credit loss expense (benefit) (2 ) 83 (207 ) (285 ) (94 ) (25 ) 24 (14 ) (520 ) Recoveries of loans charged-off - 4 - 1 - 1 - - 6 Loans charged-off - - - - - (2 ) (7 ) - (9 ) Balance, September 30, 2022 $ 604 $ 3,007 $ 2,310 $ 5,559 $ 1,598 $ 1,099 $ 1,501 $ 219 $ 15,897 Nine Months Ended September 30, 2022 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2021 $ 675 $ 2,752 $ 2,501 $ 5,905 $ 1,584 $ 1,170 $ 1,836 $ 198 $ 16,621 Credit loss expense (benefit) (71 ) 257 (191 ) (348 ) 14 (72 ) (328 ) 33 (706 ) Recoveries of loans charged-off - 8 - 2 - 3 - 4 17 Loans charged-off - (10 ) - - - (2 ) (7 ) (16 ) (35 ) Balance, September 30, 2022 $ 604 $ 3,007 $ 2,310 $ 5,559 $ 1,598 $ 1,099 $ 1,501 $ 219 $ 15,897 The following table shows the balance in the allowance for credit losses at September 30, 2023, December 31, 2022, (in thousands) September 30, 2023, no December 31, 2022. 2023 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for credit losses $ - $ 81 $ - $ - $ - $ 95 $ 53 $ 14 $ 243 Collectively evaluated for credit losses 416 3,177 2,495 4,998 1,229 1,779 1,345 436 15,875 Balance September 30, 2023 $ 416 $ 3,258 $ 2,495 $ 4,998 $ 1,229 $ 1,874 $ 1,398 $ 450 $ 16,118 2022 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for credit losses $ - $ 10 $ - $ - $ - $ - $ 68 $ 17 $ 95 Collectively evaluated for credit losses 730 3,018 2,493 4,742 1,625 1,153 1,637 204 15,602 Balance December 31, 2022 $ 730 $ 3,028 $ 2,493 $ 4,742 $ 1,625 $ 1,153 $ 1,705 $ 221 $ 15,697 The following table shows the loans receivable balance at September 30, 2023, December 31, 2022, (in thousands) September 30, 2023, no December 31, 2022. 2023 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for credit losses $ - $ 990 $ 2,948 $ 9,177 $ 478 $ 272 $ 726 $ 14 $ 14,605 Collectively evaluated for credit losses 64,734 279,453 190,249 336,470 161,485 86,732 98,094 16,286 1,233,503 Balance September 30, 2023 $ 64,734 $ 280,443 $ 193,197 $ 345,647 $ 161,963 $ 87,004 $ 98,820 $ 16,300 $ 1,248,108 2022 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for credit losses $ - $ 805 $ - $ 12,853 $ 165 $ 200 $ 342 $ 21 $ 14,386 Collectively evaluated for credit losses 51,253 284,302 185,784 340,432 159,283 77,065 113,013 16,190 1,227,322 Balance December 31, 2022 $ 51,253 $ 285,107 $ 185,784 $ 353,285 $ 159,448 $ 77,265 $ 113,355 $ 16,211 $ 1,241,708 The following table presents the amortized cost basis of collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans (in thousands) Primary Type of Collateral September 30, 2023 Real Estate Equipment Other Total ACL Allocation Real estate - construction $ - $ - $ - $ - $ - Real estate - 1 to 4 family residential 990 - - 990 81 Real estate - multi-family 2,948 - - 2,948 - Real estate - commercial 9,195 - - 9,195 - Real estate - agricultural 478 - - 478 - Commercial 120 - 98 218 95 Agricultural 245 39 442 726 53 Consumer and other - - - - - $ 13,976 $ 39 $ 540 $ 14,555 $ 229 Pre-ASC 326 December 31, 2022 (in thousands) 2022 Unpaid Recorded Principal Related Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ - $ - Real estate - 1 to 4 family residential 687 721 - Real estate - multi-family - - - Real estate - commercial 12,853 13,578 - Real estate - agricultural 165 194 - Commercial 200 249 - Agricultural 78 88 - Consumer and other 4 7 - Total loans with no specific reserve: 13,987 14,837 - With an allowance recorded: Real estate - construction - - - Real estate - 1 to 4 family residential 118 123 10 Real estate - multi-family - - - Real estate - commercial - - - Real estate - agricultural - - - Commercial - - - Agricultural 264 294 68 Consumer and other 17 19 17 Total loans with specific reserve: 399 436 95 Total Real estate - construction - - - Real estate - 1 to 4 family residential 805 844 10 Real estate - multi-family - - - Real estate - commercial 12,853 13,578 - Real estate - agricultural 165 194 - Commercial 200 249 - Agricultural 342 382 68 Consumer and other 21 26 17 $ 14,386 $ 15,273 $ 95 Average recorded investment and interest income recognized on impaired loans for the three nine September 30, 2022 (in thousands) Three Months Ended Nine Months Ended September 30, 2022 September 30, 2022 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - Real estate - 1 to 4 family residential 781 39 722 55 Real estate - multi-family - - - - Real estate - commercial 1,929 - 1,026 - Real estate - agricultural 170 - 357 14 Commercial 242 - 234 5 Agricultural 39 - 164 - Consumer and other 6 - 5 - Total loans with no specific reserve: 3,167 39 2,508 74 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 98 - 206 1 Real estate - multi-family - - - - Real estate - commercial 9,500 - 9,584 - Real estate - agricultural - - - - Commercial 17 1 43 1 Agricultural 286 - 299 - Consumer and other 19 - 20 - Total loans with specific reserve: 9,920 1 10,152 2 Total Real estate - construction - - - - Real estate - 1 to 4 family residential 879 39 928 56 Real estate - multi-family - - - - Real estate - commercial 11,429 - 10,610 - Real estate - agricultural 170 - 357 14 Commercial 259 1 277 6 Agricultural 325 - 463 - Consumer and other 25 - 25 - $ 13,087 $ 40 $ 12,660 $ 76 The interest foregone on nonaccrual loans for the three September 30, 2023 2022 nine September 30, 2023 2022 Nonaccrual loans at September 30, 2023 December 31, 2022 The Company made three nine September 30, 2023. The following table shows the amortized cost basis at the end of the reporting period of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted (in thousands) Loan Modifications Made to Borrowers Experiencing Financial Difficulty Term Extension Amortized Cost Basis at % of Total Class of September 30, 2023 Financing Receivable Loan Type Agricultural $ 415 0.4 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Loan Type Financial Effect Agricultural Added a weighted-average 7.7 years to the life of loans, which reduced monthly payment amounts for the borrowers There were no twelve September 30, 2023. 60 The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $10.7 million as of December 31, 2022, During the three nine September 30, 2022, not There were no TDR loans that had payment defaults during the twelve September 30, 2023. 60 There were no net charge-offs related to TDRs for the three nine September 30, 2022. No three nine September 30, 2022. An aging analysis of the recorded investments in loans, on a disaggregated basis, as of September 30, 2023 December 31, 2022, (in thousands) 2023 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ - $ 66 $ 66 $ 64,668 $ 64,734 $ 66 Real estate - 1 to 4 family residential 1,004 218 1,222 279,221 280,443 70 Real estate - multi-family 1,290 - 1,290 191,907 193,197 - Real estate - commercial 226 - 226 345,421 345,647 - Real estate - agricultural 196 - 196 161,767 161,963 - Commercial 471 3 474 86,530 87,004 - Agricultural 30 599 629 98,191 98,820 599 Consumer and other 43 - 43 16,257 16,300 - $ 3,260 $ 886 $ 4,146 $ 1,243,962 $ 1,248,108 $ 735 2022 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 66 $ - $ 66 $ 51,187 $ 51,253 $ - Real estate - 1 to 4 family residential 944 11 955 284,152 285,107 - Real estate - multi-family - - - 185,784 185,784 - Real estate - commercial 2,362 1,399 3,761 349,524 353,285 - Real estate - agricultural 185 - 185 159,263 159,448 - Commercial 592 7 599 76,666 77,265 - Agricultural 218 30 248 113,107 113,355 - Consumer and other 37 4 41 16,170 16,211 - $ 4,404 $ 1,451 $ 5,855 $ 1,235,853 $ 1,241,708 $ - Credit Quality Indicators The Company utilizes a risk rating matrix to assign risk ratings to each of its loans. Loans are rated on a scale of 1 7. Ratings 1, 2 3 $100,000. Rating 4 Rating 5 Rating 6 not not Rating 7 90 not may The following tables show the risk category of loans by loan category and year of origination as of September 30, 2023 (in thousands) September 30, 2023 Amortized Cost Basis of Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Revolving Total Real estate - construction Pass $ 28,654 $ 28,615 $ 803 $ 781 $ - $ 362 $ 5,224 $ 64,439 Watch 81 - - 214 - - - 295 Special Mention - - - - - - - - Substandard - - - - - - - - Substandard-Impaired - - - - - - - - Total $ 28,735 $ 28,615 $ 803 $ 995 $ - $ 362 $ 5,224 $ 64,734 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - Real estate - 1-4 family residential Pass $ 41,845 $ 66,652 $ 60,616 $ 49,423 $ 8,787 $ 19,085 $ 17,444 $ 263,852 Watch 1,919 303 10,560 1,288 - 463 6 14,539 Special Mention - - - - - - - - Substandard 21 18 928 - 33 62 - 1,062 Substandard-Impaired 118 - 509 - 217 146 - 990 Total 1 $ 43,903 $ 66,973 $ 72,613 $ 50,711 $ 9,037 $ 19,756 $ 17,450 $ 280,443 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - Real estate - multi-family Pass $ 16,246 $ 52,323 $ 48,280 $ 41,082 $ 13,727 $ 708 $ 1,271 $ 173,637 Watch 4,602 1,434 8,254 - - - - 14,290 Special Mention - - - - - - - - Substandard - - - 2,322 - - - 2,322 Substandard-Impaired 1,290 - - - 1,658 - - 2,948 Total $ 22,138 $ 53,757 $ 56,534 $ 43,404 $ 15,385 $ 708 $ 1,271 $ 193,197 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - Real estate - commercial Pass $ 30,337 $ 74,315 $ 51,886 $ 66,712 $ 20,207 $ 14,211 $ 5,119 $ 262,787 Watch 1,543 3,045 21,045 14,359 588 947 2,838 44,365 Special Mention - - 11,950 3,034 1,052 - - 16,036 Substandard - 10,376 - 2,412 - 494 - 13,282 Substandard-Impaired 8,707 - 103 - 367 - - 9,177 Total $ 40,587 $ 87,736 $ 84,984 $ 86,517 $ 22,214 $ 15,652 $ 7,957 $ 345,647 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - Real estate - agricultural Pass $ 19,238 $ 31,238 $ 33,794 $ 28,677 $ 6,254 $ 23,710 $ 2,091 $ 145,002 Watch 1,168 381 2,293 4,837 333 3,388 - 12,400 Special Mention - - - - - - - - Substandard 1,310 1,439 121 1,025 - 508 - 4,403 Substandard-Impaired - - 158 - - - - 158 Total $ 21,716 $ 33,058 $ 36,366 $ 34,539 $ 6,587 $ 27,606 $ 2,091 $ 161,963 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - September 30, 2023 Amortized Cost Basis of Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Revolving Total Commercial Pass $ 18,922 $ 13,789 $ 11,297 $ 2,301 $ 2,508 $ 1,609 $ 29,593 $ 80,019 Watch 987 200 307 470 102 151 2,919 5,136 Special Mention - - - - - - - - Substandard - 270 - 425 - - 882 1,577 Substandard-Impaired 98 - 6 95 - 73 - 272 Total $ 20,007 $ 14,259 $ 11,610 $ 3,291 $ 2,610 $ 1,833 $ 33,394 $ 87,004 Current-period gross writeoffs $ - $ - $ - $ 33 $ - $ 4 $ - $ 37 Agricultural Pass $ 10,606 $ 8,921 $ 5,985 $ 3,210 $ 528 $ 770 $ 58,176 $ 88,196 Watch 2,365 477 506 19 18 194 5,288 8,867 Special Mention - - - - - - - - Substandard 209 14 26 61 - - 1,060 1,370 Substandard-Impaired 129 - 258 - - - - 387 Total $ 13,309 $ 9,412 $ 6,775 $ 3,290 $ 546 $ 964 $ 64,524 $ 98,820 Current-period gross writeoffs $ - $ 74 $ 90 $ - $ - $ - $ - $ 164 Consumer and other Pass $ 5,606 $ 4,179 $ 2,956 $ 2,202 $ 458 $ 755 $ 99 $ 16,255 Watch - - - - - - - - Special Mention - - - - - - - - Substandard 31 - - - - - - 31 Substandard-Impaired - - - 14 - - - 14 Total $ 5,637 $ 4,179 $ 2,956 $ 2,216 $ 458 $ 755 $ 99 $ 16,300 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - Total loans Pass $ 171,454 $ 280,032 $ 215,617 $ 194,388 $ 52,469 $ 61,210 $ 119,017 $ 1,094,187 Watch 12,665 5,840 42,965 21,187 1,041 5,143 11,051 99,892 Special Mention - - 11,950 3,034 1,052 - - 16,036 Substandard 1,571 12,117 1,075 6,245 33 1,064 1,942 24,047 Substandard-Impaired 10,342 - 1,034 109 2,242 219 - 13,946 Total $ 196,032 $ 297,989 $ 272,641 $ 224,963 $ 56,837 $ 67,636 $ 132,010 $ 1,248,108 Current-period gross writeoffs $ - $ 74 $ 90 $ 33 $ - $ 4 $ - $ 201 The credit risk profile by internally assigned grade, on a disaggregated basis, as of December 31, 2022 (in thousands) December 31, 2022 Construction Multi-family Commercial Agricultural Real Estate Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 51,253 $ 174,048 $ 264,898 $ 136,043 $ 69,872 $ 98,415 $ 794,529 Watch - 9,344 62,076 18,324 5,392 14,146 109,282 Special Mention - - - - 116 - 116 Substandard - 2,392 13,458 4,916 1,685 452 22,903 Substandard-Impaired - - 12,853 165 200 342 13,560 $ 51,253 $ 185,784 $ 353,285 $ 159,448 $ 77,265 $ 113,355 $ 940,390 The credit risk profile based on payment activity, on a disaggregated basis, as of December 31, 2022 (in thousands) December 31, 2022 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 284,302 $ 16,190 $ 300,492 Non-performing 805 21 826 $ 285,107 $ 16,211 $ 301,318 |
Note 8 - Intangible Assets
Note 8 - Intangible Assets | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 8. Intangible assets The following sets forth the carrying amounts and accumulated amortization of the intangible assets at September 30, 2023 December 31, 2022 (in thousands) 2023 2022 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 6,411 $ 4,883 $ 6,411 $ 4,539 Customer list 535 520 535 476 Total $ 6,946 $ 5,403 $ 6,946 $ 5,015 The weighted average remaining life of the intangible assets is approximately 3 years as of September 30, 2023 December 31, 2022. The following sets forth the activity related to the intangible assets for the three nine September 30, 2023 2022 (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Beginning intangible assets, net $ 1,673 $ 2,212 $ 1,931 $ 2,505 Amortization (130 ) (145 ) (388 ) (438 ) Ending intangible assets, net $ 1,543 $ 2,067 $ 1,543 $ 2,067 Estimated remaining amortization expense on intangible assets for the years ending December 31 (in thousands) 2023 115 2024 337 2025 300 2026 268 2027 240 2028 190 After 93 Total $ 1,543 |
Note 9 - Pledged Collateral Rel
Note 9 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | 9. Pledged Collateral Related to Securities Sold Under Repurchase Agreements The repurchase agreements mature daily and the following sets forth the pledged collateral at estimated fair value related to securities sold under repurchase agreements as of September 30, 2023 December 31, 2022 (in thousands) 2023 2022 Securities sold under agreements to repurchase: U.S. government treasuries $ 18,862 $ 12,555 U.S. government agencies 46,741 39,226 U.S. government mortgage-backed securities 7,670 9,133 Total pledged collateral $ 73,273 $ 60,914 In the event the repurchase agreements exceed the estimated fair value of the pledged securities available-for-sale, the Company has unpledged securities available-for-sale that may |
Note 10 - Borrowings
Note 10 - Borrowings | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 10. Borrowings On August 15, 2023, five September 15, 2028. September 30, 2023. On June 6, 2022, four September 2022, June 2026. September 30, 2023 December 31, 2022 The Company had $19.0 million of short-term FHLB advances as of September 30, 2023 December 31, 2022. The Federal Reserve Board created the Bank Term Funding Program (BTFP) in 2023, one September 30, 2023. |
Note 11 - Derivative Financial
Note 11 - Derivative Financial Instruments | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 11. Derivative Financial Instruments Fair Value Hedges The Company uses interest rate swaps to convert certain long term fixed rate loans to floating rates to hedge interest rate risk exposure. The Company uses hedge accounting in accordance with ASC 815, During the third 2023, 1 4 The portfolio layer method allows the Company to designate as the hedged item a stated amount of the assets that are not not The Company was required to pledge $0.7 million and $1.0 million of securities as collateral for these fair value hedges at September 30, 2023, December 31, 2022, The table below identifies the notional amount, fair value and balance sheet category of the Company's interest rate swaps at September 30, 2023, December 31, 2022 (in thousands) Notional Amount Fair Value Balance Sheet Category September 30, 2023 Interest rate swaps $ 34,028 $ 1,366 Other assets December 31, 2022 Interest rate swaps $ 9,314 $ 1,096 Other assets The table below identifies the carrying amount of the hedged assets and cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets that are designated as a fair value hedge accounting relationship at September 30, 2023, December 31, 2022 (in thousands) Cumulative Amount of Fair Value Location in the consolidated Carrying Amount of Hedging Adjustment Included in balance sheet the Hedged Assets Carrying Amount of Hedged Assets September 30, 2023 Interest rate swaps Loans receivable, net $ 58,985 $ (1,366 December 31, 2022 Interest rate swaps Loans receivable, net $ 8,494 $ (1,096 Back-to-Back Loan Swaps The Company has interest rate swap loan relationships with customers to assist them in managing their interest rate risk. Upon entering into these loan swaps, the Company enters into offsetting positions with counterparties in order to minimize interest rate risk. These back-to-back loan swaps qualify as free standing financial derivatives with the fair values reported in other assets and other liabilities on the consolidated balance sheets. The Company posted collateral of $415 thousand at September 30, 2023 not December 31, 2022, not September 30, 2023 December 31, 2022. three nine September 30, 2023, September 30, 2022, no September 30, 2023, December 31, 2022 (in thousands) Weighted Average Weighted Average Notional Amount Fair Value Balance Sheet Category Receive Rate Pay Rate September 30, 2023 Customer interest rate swaps $ 11,373 $ 199 Other assets 7.33 % 5.62 % Customer interest rate swaps 11,373 (199 ) Other liabilities 5.62 % 7.33 % December 31, 2022 Customer interest rate swaps $ - $ - Other assets 0.00 % 0.00 % Customer interest rate swaps - - Other liabilities 0.00 % 0.00 % |
Note 12 - Income Taxes
Note 12 - Income Taxes | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 12. Income Taxes The tax effects of temporary differences related to income taxes are included in deferred income taxes. The change in deferred income taxes since December 31, 2022 |
Note 13 - Commitments, Continge
Note 13 - Commitments, Contingencies and Concentrations of Credit Risk | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 13. Commitments, Contingencies and Concentrations of Credit Risk On June 9, 2022, September 30, 2023. |
Note 14 - Regulatory Matters
Note 14 - Regulatory Matters | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | 14. Regulatory Matters The Company and the Banks are subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements (as shown in the following table) can result in certain mandatory and possibly additional discretionary actions by regulators, which, if undertaken, could have a direct material effect on the Company's consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Banks must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Company's and the Banks' capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Management believed the Company and the Banks met all capital adequacy requirements to which they were subject as of September 30, 2023. The Company and the Banks’ capital amounts and ratios as of September 30, 2023 December 31, 2022 dollars in thousands To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2023: Total capital (to risk-weighted assets): Consolidated $ 217,473 14.1 % $ 161,572 10.50 % N/A N/A Boone Bank & Trust 16,212 13.7 12,381 10.50 11,791 10.0 % First National Bank 111,884 14.0 83,616 10.50 79,635 10.0 Iowa State Savings Bank 26,454 16.2 17,163 10.50 16,346 10.0 Reliance State Bank 28,670 12.0 25,044 10.50 23,851 10.0 State Bank & Trust 22,184 16.1 14,443 10.50 13,755 10.0 United Bank & Trust 12,976 16.0 8,524 10.50 8,119 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 200,329 13.0 % $ 130,796 8.50 % N/A N/A Boone Bank & Trust 15,342 13.0 10,023 8.50 9,433 8.0 % First National Bank 102,720 12.9 67,689 8.50 63,708 8.0 Iowa State Savings Bank 24,508 15.0 13,894 8.50 13,077 8.0 Reliance State Bank 25,974 10.9 20,273 8.50 19,081 8.0 State Bank & Trust 20,700 15.0 11,692 8.50 11,004 8.0 United Bank & Trust 12,003 14.8 6,901 8.50 6,495 8.0 Tier 1 capital (to average-assets): Consolidated $ 200,329 9.0 % $ 88,779 4.00 % N/A N/A Boone Bank & Trust 15,342 9.6 6,363 4.00 7,954 5.0 % First National Bank 102,720 8.9 46,107 4.00 57,634 5.0 Iowa State Savings Bank 24,508 9.9 9,949 4.00 12,436 5.0 Reliance State Bank 25,974 8.4 12,340 4.00 15,426 5.0 State Bank & Trust 20,700 9.5 8,682 4.00 10,853 5.0 United Bank & Trust 12,003 9.4 5,082 4.00 6,353 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 200,329 13.0 % $ 107,714 7.00 % N/A N/A Boone Bank & Trust 15,342 13.0 8,254 7.00 7,664 6.5 % First National Bank 102,720 12.9 55,744 7.00 51,762 6.5 Iowa State Savings Bank 24,508 15.0 11,442 7.00 10,625 6.5 Reliance State Bank 25,974 10.9 16,696 7.00 15,503 6.5 State Bank & Trust 20,700 15.0 9,629 7.00 8,941 6.5 United Bank & Trust 12,003 14.8 5,683 7.00 5,277 6.5 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2022: Total capital (to risk-weighted assets): Consolidated $ 215,799 14.1 % $ 160,370 10.50 % N/A N/A Boone Bank & Trust 15,962 12.9 12,984 10.50 12,366 10.0 % First National Bank 110,887 14.2 82,089 10.50 78,180 10.0 Iowa State Savings Bank 25,398 15.5 17,210 10.50 16,390 10.0 Reliance State Bank 28,385 12.4 24,103 10.50 22,955 10.0 State Bank & Trust 22,011 14.7 15,716 10.50 14,968 10.0 United Bank & Trust 12,633 15.1 8,759 10.50 8,342 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 199,069 13.0 % $ 129,823 8.50 % N/A N/A Boone Bank & Trust 14,990 12.1 10,511 8.50 9,893 8.0 % First National Bank 101,976 13.0 66,453 8.50 62,544 8.0 Iowa State Savings Bank 24,113 14.7 13,932 8.50 13,112 8.0 Reliance State Bank 25,647 11.2 19,512 8.50 18,364 8.0 State Bank & Trust 20,392 13.6 12,723 8.50 11,974 8.0 United Bank & Trust 11,677 14.0 7,090 8.50 6,673 8.0 Tier 1 capital (to average-assets): Consolidated $ 199,069 9.1 % $ 87,392 4.00 % N/A N/A Boone Bank & Trust 14,990 8.7 6,868 4.00 8,585 5.0 % First National Bank 101,976 8.9 45,582 4.00 56,978 5.0 Iowa State Savings Bank 24,113 9.3 10,423 4.00 13,029 5.0 Reliance State Bank 25,647 8.5 12,001 4.00 15,001 5.0 State Bank & Trust 20,392 9.1 8,932 4.00 11,165 5.0 United Bank & Trust 11,677 8.9 5,274 4.00 6,592 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 199,069 13.0 % $ 106,913 7.00 % N/A N/A Boone Bank & Trust 14,990 12.1 8,656 7.00 8,038 6.5 % First National Bank 101,976 13.0 54,726 7.00 50,817 6.5 Iowa State Savings Bank 24,113 14.7 11,473 7.00 10,654 6.5 Reliance State Bank 25,647 11.2 16,069 7.00 14,921 6.5 State Bank & Trust 20,392 13.6 10,477 7.00 9,729 6.5 United Bank & Trust 11,677 14.0 5,839 7.00 5,422 6.5 The Company and the Banks are subject to the rules of the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act. The rules included the implementation of a 2.5 percent capital conservation buffer that is added to the minimum requirements for capital adequacy purposes for all capital ratios except tier 1 September 30, 2023, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
Accounting Policies [Abstract] | |
Subsequent Events, Policy [Policy Text Block] | Subsequent Events: 10 |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications: no |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill: not not The fair value of a reporting unit is the price that would be received to sell the unit as a whole in an orderly transaction between market participants at the measurement date. As none October 1, 2022 not no no September 30, 2023. |
Adoption of New Financial Accounting Standard [Policy Text Block] | Adoption of New Financial Accounting Standard Codification 326 326 On January 1, 2023, 2016 13 326 not 842 326 not not The Company adopted ASC 326 January 1, 2023 326 January 1, 2023 326, The following table illustrates the impact of ASC 326 January 1, 2023 As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Assets: Loans receivable Allowance for credit losses on loans $ 16,215 $ 15,697 $ 518 Liabilities: Accrued expenses and other liabilities Allowance for credit losses on off-balance sheet credit exposures $ 1,071 $ 798 $ 273 |
Marketable Securities, Policy [Policy Text Block] | Available-For-Sale Debt Securities and the Allowance For Credit Losses On Available-For-Sale Debt Securities: not not first AFS debt securities in unrealized loss positions are evaluated for impairment related to credit losses at least quarterly. For AFS debt securities, a decline in fair value due to credit loss results in recording an allowance for credit losses to the extent the fair value is less than the amortized cost basis. Declines in fair value that have not Impairment may third If we intend to sell a debt security or more likely than not Accrued interest receivable on AFS debt securities totaled $4.1 million at September 30, 2023 |
Financing Receivable, Held-for-Sale [Policy Text Block] | Loans Held for Sale: not |
Receivable [Policy Text Block] | Loans Held For Investment: September 30, 2023 The policy for charging off loans is consistent throughout all loan categories. A loan is charged off based on criteria that includes but is not The accrual of interest income on loans is discontinued when, in the opinion of management, there is reasonable doubt as to the borrower's ability to meet payments of interest or principal when they become due, which is generally when a loan is 90 may no first |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Credit Losses For Loans Held For Investment: The loan loss estimation process involves procedures to appropriately consider the unique characteristics of loan portfolio segments which consist of construction real estate, 1 4 ● An initial forecast period of one ● A historical loss forecast period covering the remaining contractual life, adjusted for prepayments, by portfolio segment based on the change in key historical economic variables. ● A reversion period of 1 The Company primarily utilizes loss rate based undiscounted cash flow (UDCF) methods to estimate credit losses by portfolio segment. The UDCF methods obtain estimated life-time credit losses using the conceptual components described above. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. In future periods evaluations of the overall loan portfolio, in light of the factors and forecasts then prevailing, may Credit quality is assessed and monitored by evaluating various attributes and the results of those evaluations are utilized in underwriting new loans and in our process for estimation of expected credit losses. The following provides the credit quality indicators and risk elements that are most relevant and most carefully considered and monitored for each loan portfolio segment. Construction Real Estate – Construction loans are underwritten utilizing independent appraisals, sensitivity analysis of absorption, vacancy and lease rates and financial analysis of the developers and property owners. Construction loans are generally based upon estimates of costs and value associated with the completed project. These estimates may may 1 4 1 4 1 4 1 4 not 90% 100% 1 4 1 4 Multi-family, Commercial and Agricultural Real Estate – Multi-family, commercial and agricultural real estate loans are subject to underwriting standards and processes similar to commercial and agricultural operating loans, in addition to those unique to real estate loans. These loans are viewed primarily as cash flow loans and, secondarily, as loans secured by real estate. Multi-family, commercial and agricultural real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Loan-to-value generally does not 80% five seven not twenty-five may may Commercial and Agricultural – Commercial and agricultural operating loans are underwritten based on the Company’s examination of current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. This underwriting includes the evaluation of cash flows of the borrower, underlying collateral, if applicable, and the borrower’s ability to manage its business activities. The cash flows of borrowers and the collateral securing these loans may first Consumer and Other – Consumer and other loans utilize credit reports to supplement the underwriting process. The underwriting standards include a determination of the applicant’s payment history on other debts and an assessment of their ability to meet existing obligations and payments on the proposed loan. To monitor and manage loan risk, policies and procedures are developed and modified, as needed by management. This activity, coupled with smaller loan amounts that are spread across many individual borrowers, minimizes risk. Additionally, market conditions are reviewed by management on a regular basis. The Iowa real GDP and Iowa retail trade earnings are key economic forecasts used in estimating expected credit losses for this segment. Determining the Contractual Term: Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless the extension or renewal options are included in the original or modified contract at the reporting date and are not Credit Loss Measurement: The allowance level is influenced by loan volumes, loan credit quality indicator migration or delinquency status, historic loss experience and other conditions influencing loss expectations, such as reasonable and supportable forecasts of economic conditions. The methodology for estimating the amount of expected credit losses reported in the allowance for credit losses has two not For a loan that does not The fair value of collateral used by the Company is determined by obtaining an observable market price or by obtaining a fair value from an independent, licensed or certified appraiser, using observable market data. This data includes information such as selling price of similar properties and capitalization rates of similar properties sold within the market, expected future cash flows or earnings of the subject property based on current market expectations, and other relevant factors. Each quarter management reviews all collateral-dependent loans on a loan-by-loan basis to determine whether updated appraisals or evaluations are necessary based on loan performance, collateral type and guarantor support. At times, the Company measures the fair value of collateral-dependent loans using appraisals or evaluations with dates prior to one third not not In estimating the component of the allowance for credit losses for loans that share similar risk characteristics with other loans, such loans are segregated into loan classes. Loans are designated into loan classes based on loans pooled by product types and similar risk characteristics or areas of risk concentration. In determining the allowance for credit losses, we derive an estimated credit loss assumption from a model that categorizes loan pools based on loan type and purpose. This model calculates an expected loss percentage for each loan class by considering the historical loss rate of similar peers. The loss rate factors used to calculate the allowance for credit losses for loans that share similar risk characteristics with other loans are adjusted for differences between the historical period used to calculate historical loss rates and expected conditions over the remaining lives of the loans in the portfolio related to: ( 1 2 3 4 5 6 7 one |
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block] | Allowance for Credit Losses on Off-Balance Sheet Credit Exposures, Including Unfunded Loan Commitments: not No may |
New Accounting Pronouncements, Policy [Policy Text Block] | New and Pending Accounting Pronouncements: In March 2022, 2022 01, 815 2022 01 2017 12. 2022 01 2022 01 2022 01 January 1, 2023. 2022 01 not In March 2023, No. 2023 02, 323 December 15, 2023, |
Note 1 - Significant Accounti_2
Note 1 - Significant Accounting Policies (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Accounting Standards Update and Change in Accounting Principle [Table Text Block] | January 1, 2023 As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Assets: Loans receivable Allowance for credit losses on loans $ 16,215 $ 15,697 $ 518 Liabilities: Accrued expenses and other liabilities Allowance for credit losses on off-balance sheet credit exposures $ 1,071 $ 798 $ 273 |
Note 5 - Fair Value Measureme_2
Note 5 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Description Total Level 1 Level 2 Level 3 2023 Assets Securities available-for-sale U.S. government treasuries $ 202,522 $ 202,522 $ - $ - U.S. government agencies 98,049 - 98,049 - U.S. government mortgage-backed securities 101,552 - 101,552 - State and political subdivisions 265,299 - 265,299 - Corporate bonds 69,522 - 69,522 - Loans receivable 8,045 - 8,045 - Derivative financial instruments 1,565 - 1,565 - Liabilities Derivative financial instruments $ 199 $ - $ 199 $ - 2022 Assets Securities available-for-sale U.S. government treasuries $ 207,597 $ 207,597 $ - $ - U.S. government agencies 100,933 - 100,933 - U.S. government mortgage-backed securities 116,741 - 116,741 - State and political subdivisions 286,003 - 286,003 - Corporate bonds 75,164 - 75,164 - Loans receivable 8,494 - 8,494 - Derivative financial instruments 1,096 - 1,096 - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Description Total Level 1 Level 2 Level 3 2023 Loans receivable $ 268 $ - $ - $ 268 2022 Loans receivable $ 304 $ - $ - $ 304 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | 2023 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Loans receivable $ 268 Evaluation of collateral Estimation of value NM* 2022 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Loans receivable $ 304 Evaluation of collateral Estimation of value NM* |
Fair Value, by Balance Sheet Grouping [Table Text Block] | 2023 2022 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and cash equivalents Level 1 $ 90,063 $ 90,063 $ 27,884 $ 27,884 Interest-bearing time deposits Level 1 9,889 9,221 14,669 14,340 Securities available-for-sale See previous table 736,944 736,944 786,438 786,438 FHLB and FRB stock Level 2 4,000 4,000 4,613 4,613 Loans receivable, net Level 2 1,231,893 1,173,464 1,226,011 1,170,948 Loans held for sale Level 2 428 428 154 154 Accrued income receivable Level 1 13,794 13,794 11,275 11,275 Derivative financial instruments Level 2 1,565 1,565 1,096 1,096 Financial liabilities: Deposits Level 2 $ 1,828,681 $ 1,828,256 $ 1,897,957 $ 1,895,473 Securities sold under agreements to repurchase Level 1 60,941 60,941 40,676 40,676 Other borrowings Level 2 105,942 105,117 39,120 38,991 Accrued interest payable Level 1 3,561 3,561 666 666 Derivative financial instruments Level 2 199 199 - - |
Note 6 - Debt Securities (Table
Note 6 - Debt Securities (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] | 2023: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 221,032 $ - $ (18,510 ) $ 202,522 U.S. government agencies 107,597 2 (9,550 ) 98,049 U.S. government mortgage-backed securities 119,999 3 (18,450 ) 101,552 State and political subdivisions 298,962 6 (33,669 ) 265,299 Corporate bonds 77,177 - (7,655 ) 69,522 $ 824,767 $ 11 $ (87,834 ) $ 736,944 2022: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 227,065 $ - $ (19,468 ) $ 207,597 U.S. government agencies 110,370 4 (9,441 ) 100,933 U.S. government mortgage-backed securities 133,205 4 (16,468 ) 116,741 State and political subdivisions 317,179 27 (31,203 ) 286,003 Corporate bonds 82,177 7 (7,020 ) 75,164 $ 869,996 $ 42 $ (83,600 ) $ 786,438 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Estimated Cost Fair Value Due in one year or less $ 78,232 $ 76,604 Due after one year through five years 403,015 368,300 Due after five years through ten years 214,556 183,416 Due after ten years 8,965 7,072 $ 704,768 $ 635,392 U.S. government mortgage-backed securities 119,999 101,552 Total $ 824,767 $ 736,944 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Proceeds from sales of securities available-for-sale $ 716 $ 10,013 $ 2,069 $ 10,548 Gross realized gains on securities available-for-sale 62 25 73 60 Gross realized losses on securities available-for-sale (34 ) (23 ) (38 ) (23 ) |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or More Total 2023: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ - $ - $ 202,522 $ (18,510 ) $ 202,522 $ (18,510 ) U.S. government agencies 1,934 (64 ) 95,544 (9,486 ) 97,478 (9,550 ) U.S. government mortgage-backed securities 816 (34 ) 100,453 (18,416 ) 101,269 (18,450 ) State and political subdivisions 17,036 (662 ) 246,247 (33,007 ) 263,283 (33,669 ) Corporate bonds 4,033 (177 ) 65,489 (7,478 ) 69,522 (7,655 ) $ 23,819 $ (937 ) $ 710,255 $ (86,897 ) $ 734,074 $ (87,834 ) Less than 12 Months 12 Months or More Total 2022: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ 57,882 $ (3,960 ) $ 147,215 $ (15,508 ) $ 205,097 $ (19,468 ) U.S. government agencies 61,821 (4,293 ) 38,492 (5,148 ) 100,313 (9,441 ) U.S. government mortgage-backed securities 45,440 (4,393 ) 70,854 (12,075 ) 116,294 (16,468 ) State and political subdivisions 181,640 (14,556 ) 97,907 (16,647 ) 279,547 (31,203 ) Corporate bonds 59,293 (4,281 ) 13,382 (2,739 ) 72,675 (7,020 ) $ 406,076 $ (31,483 ) $ 367,850 $ (52,117 ) $ 773,926 $ (83,600 ) |
Note 7 - Loans Receivable and_2
Note 7 - Loans Receivable and Credit Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Composition of Loans Receivable [Table Text Block] | 2023 2022 Real estate - construction $ 64,734 $ 51,253 Real estate - 1 to 4 family residential 280,443 285,107 Real estate - multi-family 193,197 185,784 Real estate - commercial 345,647 353,285 Real estate - agricultural 161,963 159,448 Commercial 87,004 77,265 Agricultural 98,820 113,355 Consumer and other 16,300 16,211 1,248,108 1,241,708 Unallocated portfolio layer basis adjustments 1 (97 ) - Less allowance for credit losses (16,118 ) (15,697 ) Loans receivable, net $ 1,231,893 $ 1,226,011 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Three Months Ended September 30, 2023 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2023 $ 412 $ 3,357 $ 2,524 $ 5,033 $ 1,214 $ 2,014 $ 1,358 $ 407 $ 16,319 Credit loss expense (benefit) 1 4 (100 ) (29 ) (35 ) 15 (142 ) 40 42 (205 ) Recoveries of loans charged-off - 1 - - - 2 - 1 4 Loans charged-off - - - - - - - - - Balance, September 30, 2023 $ 416 $ 3,258 $ 2,495 $ 4,998 $ 1,229 $ 1,874 $ 1,398 $ 450 $ 16,118 Nine Months Ended September 30, 2023 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2022 $ 730 $ 3,028 $ 2,493 $ 4,742 $ 1,625 $ 1,153 $ 1,705 $ 221 $ 15,697 Impact of adopting ASC 326 (395 ) 242 (24 ) 513 (398 ) 449 (61 ) 192 518 Credit loss expense (benefit) 1 81 (15 ) 26 (262 ) 2 301 (82 ) 29 80 Recoveries of loans charged-off - 3 - 5 - 8 - 8 24 Loans charged-off - - - - - (37 ) (164 ) - (201 ) Balance, September 30, 2023 $ 416 $ 3,258 $ 2,495 $ 4,998 $ 1,229 $ 1,874 $ 1,398 $ 450 $ 16,118 Three Months Ended September 30, 2022 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2022 $ 606 $ 2,920 $ 2,517 $ 5,843 $ 1,692 $ 1,125 $ 1,484 $ 233 $ 16,420 Credit loss expense (benefit) (2 ) 83 (207 ) (285 ) (94 ) (25 ) 24 (14 ) (520 ) Recoveries of loans charged-off - 4 - 1 - 1 - - 6 Loans charged-off - - - - - (2 ) (7 ) - (9 ) Balance, September 30, 2022 $ 604 $ 3,007 $ 2,310 $ 5,559 $ 1,598 $ 1,099 $ 1,501 $ 219 $ 15,897 Nine Months Ended September 30, 2022 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2021 $ 675 $ 2,752 $ 2,501 $ 5,905 $ 1,584 $ 1,170 $ 1,836 $ 198 $ 16,621 Credit loss expense (benefit) (71 ) 257 (191 ) (348 ) 14 (72 ) (328 ) 33 (706 ) Recoveries of loans charged-off - 8 - 2 - 3 - 4 17 Loans charged-off - (10 ) - - - (2 ) (7 ) (16 ) (35 ) Balance, September 30, 2022 $ 604 $ 3,007 $ 2,310 $ 5,559 $ 1,598 $ 1,099 $ 1,501 $ 219 $ 15,897 |
Allowance for Loan Losses Disaggregated on Basis of Impairment Analysis Method [Table Text Block] | 2023 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for credit losses $ - $ 81 $ - $ - $ - $ 95 $ 53 $ 14 $ 243 Collectively evaluated for credit losses 416 3,177 2,495 4,998 1,229 1,779 1,345 436 15,875 Balance September 30, 2023 $ 416 $ 3,258 $ 2,495 $ 4,998 $ 1,229 $ 1,874 $ 1,398 $ 450 $ 16,118 2022 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for credit losses $ - $ 10 $ - $ - $ - $ - $ 68 $ 17 $ 95 Collectively evaluated for credit losses 730 3,018 2,493 4,742 1,625 1,153 1,637 204 15,602 Balance December 31, 2022 $ 730 $ 3,028 $ 2,493 $ 4,742 $ 1,625 $ 1,153 $ 1,705 $ 221 $ 15,697 |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2023 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for credit losses $ - $ 990 $ 2,948 $ 9,177 $ 478 $ 272 $ 726 $ 14 $ 14,605 Collectively evaluated for credit losses 64,734 279,453 190,249 336,470 161,485 86,732 98,094 16,286 1,233,503 Balance September 30, 2023 $ 64,734 $ 280,443 $ 193,197 $ 345,647 $ 161,963 $ 87,004 $ 98,820 $ 16,300 $ 1,248,108 2022 1-4 Family Construction Residential Multi-family Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for credit losses $ - $ 805 $ - $ 12,853 $ 165 $ 200 $ 342 $ 21 $ 14,386 Collectively evaluated for credit losses 51,253 284,302 185,784 340,432 159,283 77,065 113,013 16,190 1,227,322 Balance December 31, 2022 $ 51,253 $ 285,107 $ 185,784 $ 353,285 $ 159,448 $ 77,265 $ 113,355 $ 16,211 $ 1,241,708 |
Financing Receivable, Amortized Cost [Table Text Block] | Primary Type of Collateral September 30, 2023 Real Estate Equipment Other Total ACL Allocation Real estate - construction $ - $ - $ - $ - $ - Real estate - 1 to 4 family residential 990 - - 990 81 Real estate - multi-family 2,948 - - 2,948 - Real estate - commercial 9,195 - - 9,195 - Real estate - agricultural 478 - - 478 - Commercial 120 - 98 218 95 Agricultural 245 39 442 726 53 Consumer and other - - - - - $ 13,976 $ 39 $ 540 $ 14,555 $ 229 |
Impaired Financing Receivables [Table Text Block] | 2022 Unpaid Recorded Principal Related Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ - $ - Real estate - 1 to 4 family residential 687 721 - Real estate - multi-family - - - Real estate - commercial 12,853 13,578 - Real estate - agricultural 165 194 - Commercial 200 249 - Agricultural 78 88 - Consumer and other 4 7 - Total loans with no specific reserve: 13,987 14,837 - With an allowance recorded: Real estate - construction - - - Real estate - 1 to 4 family residential 118 123 10 Real estate - multi-family - - - Real estate - commercial - - - Real estate - agricultural - - - Commercial - - - Agricultural 264 294 68 Consumer and other 17 19 17 Total loans with specific reserve: 399 436 95 Total Real estate - construction - - - Real estate - 1 to 4 family residential 805 844 10 Real estate - multi-family - - - Real estate - commercial 12,853 13,578 - Real estate - agricultural 165 194 - Commercial 200 249 - Agricultural 342 382 68 Consumer and other 21 26 17 $ 14,386 $ 15,273 $ 95 |
Average Investment in Impaired Loans and Interest Income Recognized [Table Text Block] | Three Months Ended Nine Months Ended September 30, 2022 September 30, 2022 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - Real estate - 1 to 4 family residential 781 39 722 55 Real estate - multi-family - - - - Real estate - commercial 1,929 - 1,026 - Real estate - agricultural 170 - 357 14 Commercial 242 - 234 5 Agricultural 39 - 164 - Consumer and other 6 - 5 - Total loans with no specific reserve: 3,167 39 2,508 74 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 98 - 206 1 Real estate - multi-family - - - - Real estate - commercial 9,500 - 9,584 - Real estate - agricultural - - - - Commercial 17 1 43 1 Agricultural 286 - 299 - Consumer and other 19 - 20 - Total loans with specific reserve: 9,920 1 10,152 2 Total Real estate - construction - - - - Real estate - 1 to 4 family residential 879 39 928 56 Real estate - multi-family - - - - Real estate - commercial 11,429 - 10,610 - Real estate - agricultural 170 - 357 14 Commercial 259 1 277 6 Agricultural 325 - 463 - Consumer and other 25 - 25 - $ 13,087 $ 40 $ 12,660 $ 76 |
Financing Receivable, Modified With Term Extension [Table Text Block] | Loan Modifications Made to Borrowers Experiencing Financial Difficulty Term Extension Amortized Cost Basis at % of Total Class of September 30, 2023 Financing Receivable Loan Type Agricultural $ 415 0.4 % Term Extension Loan Type Financial Effect Agricultural Added a weighted-average 7.7 years to the life of loans, which reduced monthly payment amounts for the borrowers |
Financing Receivable, Past Due [Table Text Block] | 2023 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ - $ 66 $ 66 $ 64,668 $ 64,734 $ 66 Real estate - 1 to 4 family residential 1,004 218 1,222 279,221 280,443 70 Real estate - multi-family 1,290 - 1,290 191,907 193,197 - Real estate - commercial 226 - 226 345,421 345,647 - Real estate - agricultural 196 - 196 161,767 161,963 - Commercial 471 3 474 86,530 87,004 - Agricultural 30 599 629 98,191 98,820 599 Consumer and other 43 - 43 16,257 16,300 - $ 3,260 $ 886 $ 4,146 $ 1,243,962 $ 1,248,108 $ 735 2022 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 66 $ - $ 66 $ 51,187 $ 51,253 $ - Real estate - 1 to 4 family residential 944 11 955 284,152 285,107 - Real estate - multi-family - - - 185,784 185,784 - Real estate - commercial 2,362 1,399 3,761 349,524 353,285 - Real estate - agricultural 185 - 185 159,263 159,448 - Commercial 592 7 599 76,666 77,265 - Agricultural 218 30 248 113,107 113,355 - Consumer and other 37 4 41 16,170 16,211 - $ 4,404 $ 1,451 $ 5,855 $ 1,235,853 $ 1,241,708 $ - |
Financing Receivable, Amortized Cost by Year of Origination [Table Text Block] | September 30, 2023 Amortized Cost Basis of Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Revolving Total Real estate - construction Pass $ 28,654 $ 28,615 $ 803 $ 781 $ - $ 362 $ 5,224 $ 64,439 Watch 81 - - 214 - - - 295 Special Mention - - - - - - - - Substandard - - - - - - - - Substandard-Impaired - - - - - - - - Total $ 28,735 $ 28,615 $ 803 $ 995 $ - $ 362 $ 5,224 $ 64,734 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - Real estate - 1-4 family residential Pass $ 41,845 $ 66,652 $ 60,616 $ 49,423 $ 8,787 $ 19,085 $ 17,444 $ 263,852 Watch 1,919 303 10,560 1,288 - 463 6 14,539 Special Mention - - - - - - - - Substandard 21 18 928 - 33 62 - 1,062 Substandard-Impaired 118 - 509 - 217 146 - 990 Total 1 $ 43,903 $ 66,973 $ 72,613 $ 50,711 $ 9,037 $ 19,756 $ 17,450 $ 280,443 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - Real estate - multi-family Pass $ 16,246 $ 52,323 $ 48,280 $ 41,082 $ 13,727 $ 708 $ 1,271 $ 173,637 Watch 4,602 1,434 8,254 - - - - 14,290 Special Mention - - - - - - - - Substandard - - - 2,322 - - - 2,322 Substandard-Impaired 1,290 - - - 1,658 - - 2,948 Total $ 22,138 $ 53,757 $ 56,534 $ 43,404 $ 15,385 $ 708 $ 1,271 $ 193,197 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - Real estate - commercial Pass $ 30,337 $ 74,315 $ 51,886 $ 66,712 $ 20,207 $ 14,211 $ 5,119 $ 262,787 Watch 1,543 3,045 21,045 14,359 588 947 2,838 44,365 Special Mention - - 11,950 3,034 1,052 - - 16,036 Substandard - 10,376 - 2,412 - 494 - 13,282 Substandard-Impaired 8,707 - 103 - 367 - - 9,177 Total $ 40,587 $ 87,736 $ 84,984 $ 86,517 $ 22,214 $ 15,652 $ 7,957 $ 345,647 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - Real estate - agricultural Pass $ 19,238 $ 31,238 $ 33,794 $ 28,677 $ 6,254 $ 23,710 $ 2,091 $ 145,002 Watch 1,168 381 2,293 4,837 333 3,388 - 12,400 Special Mention - - - - - - - - Substandard 1,310 1,439 121 1,025 - 508 - 4,403 Substandard-Impaired - - 158 - - - - 158 Total $ 21,716 $ 33,058 $ 36,366 $ 34,539 $ 6,587 $ 27,606 $ 2,091 $ 161,963 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - September 30, 2023 Amortized Cost Basis of Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Revolving Total Commercial Pass $ 18,922 $ 13,789 $ 11,297 $ 2,301 $ 2,508 $ 1,609 $ 29,593 $ 80,019 Watch 987 200 307 470 102 151 2,919 5,136 Special Mention - - - - - - - - Substandard - 270 - 425 - - 882 1,577 Substandard-Impaired 98 - 6 95 - 73 - 272 Total $ 20,007 $ 14,259 $ 11,610 $ 3,291 $ 2,610 $ 1,833 $ 33,394 $ 87,004 Current-period gross writeoffs $ - $ - $ - $ 33 $ - $ 4 $ - $ 37 Agricultural Pass $ 10,606 $ 8,921 $ 5,985 $ 3,210 $ 528 $ 770 $ 58,176 $ 88,196 Watch 2,365 477 506 19 18 194 5,288 8,867 Special Mention - - - - - - - - Substandard 209 14 26 61 - - 1,060 1,370 Substandard-Impaired 129 - 258 - - - - 387 Total $ 13,309 $ 9,412 $ 6,775 $ 3,290 $ 546 $ 964 $ 64,524 $ 98,820 Current-period gross writeoffs $ - $ 74 $ 90 $ - $ - $ - $ - $ 164 Consumer and other Pass $ 5,606 $ 4,179 $ 2,956 $ 2,202 $ 458 $ 755 $ 99 $ 16,255 Watch - - - - - - - - Special Mention - - - - - - - - Substandard 31 - - - - - - 31 Substandard-Impaired - - - 14 - - - 14 Total $ 5,637 $ 4,179 $ 2,956 $ 2,216 $ 458 $ 755 $ 99 $ 16,300 Current-period gross writeoffs $ - $ - $ - $ - $ - $ - $ - $ - Total loans Pass $ 171,454 $ 280,032 $ 215,617 $ 194,388 $ 52,469 $ 61,210 $ 119,017 $ 1,094,187 Watch 12,665 5,840 42,965 21,187 1,041 5,143 11,051 99,892 Special Mention - - 11,950 3,034 1,052 - - 16,036 Substandard 1,571 12,117 1,075 6,245 33 1,064 1,942 24,047 Substandard-Impaired 10,342 - 1,034 109 2,242 219 - 13,946 Total $ 196,032 $ 297,989 $ 272,641 $ 224,963 $ 56,837 $ 67,636 $ 132,010 $ 1,248,108 Current-period gross writeoffs $ - $ 74 $ 90 $ 33 $ - $ 4 $ - $ 201 |
Financing Receivable Credit Quality Indicators [Table Text Block] | December 31, 2022 Construction Multi-family Commercial Agricultural Real Estate Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 51,253 $ 174,048 $ 264,898 $ 136,043 $ 69,872 $ 98,415 $ 794,529 Watch - 9,344 62,076 18,324 5,392 14,146 109,282 Special Mention - - - - 116 - 116 Substandard - 2,392 13,458 4,916 1,685 452 22,903 Substandard-Impaired - - 12,853 165 200 342 13,560 $ 51,253 $ 185,784 $ 353,285 $ 159,448 $ 77,265 $ 113,355 $ 940,390 |
Credit Risk Profile Based on Payment Activity on Disaggregated Basis [Table Text Block] | December 31, 2022 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 284,302 $ 16,190 $ 300,492 Non-performing 805 21 826 $ 285,107 $ 16,211 $ 301,318 |
Note 8 - Intangible Assets (Tab
Note 8 - Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Finite-Lived Intangible Assets Amortization Expense [Table Text Block] | 2023 2022 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 6,411 $ 4,883 $ 6,411 $ 4,539 Customer list 535 520 535 476 Total $ 6,946 $ 5,403 $ 6,946 $ 5,015 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Beginning intangible assets, net $ 1,673 $ 2,212 $ 1,931 $ 2,505 Amortization (130 ) (145 ) (388 ) (438 ) Ending intangible assets, net $ 1,543 $ 2,067 $ 1,543 $ 2,067 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | 2023 115 2024 337 2025 300 2026 268 2027 240 2028 190 After 93 Total $ 1,543 |
Note 9 - Pledged Collateral R_2
Note 9 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block] | 2023 2022 Securities sold under agreements to repurchase: U.S. government treasuries $ 18,862 $ 12,555 U.S. government agencies 46,741 39,226 U.S. government mortgage-backed securities 7,670 9,133 Total pledged collateral $ 73,273 $ 60,914 |
Note 11 - Derivative Financia_2
Note 11 - Derivative Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | Notional Amount Fair Value Balance Sheet Category September 30, 2023 Interest rate swaps $ 34,028 $ 1,366 Other assets December 31, 2022 Interest rate swaps $ 9,314 $ 1,096 Other assets Weighted Average Weighted Average Notional Amount Fair Value Balance Sheet Category Receive Rate Pay Rate September 30, 2023 Customer interest rate swaps $ 11,373 $ 199 Other assets 7.33 % 5.62 % Customer interest rate swaps 11,373 (199 ) Other liabilities 5.62 % 7.33 % December 31, 2022 Customer interest rate swaps $ - $ - Other assets 0.00 % 0.00 % Customer interest rate swaps - - Other liabilities 0.00 % 0.00 % |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | Cumulative Amount of Fair Value Location in the consolidated Carrying Amount of Hedging Adjustment Included in balance sheet the Hedged Assets Carrying Amount of Hedged Assets September 30, 2023 Interest rate swaps Loans receivable, net $ 58,985 $ (1,366 December 31, 2022 Interest rate swaps Loans receivable, net $ 8,494 $ (1,096 |
Note 14 - Regulatory Matters (T
Note 14 - Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2023: Total capital (to risk-weighted assets): Consolidated $ 217,473 14.1 % $ 161,572 10.50 % N/A N/A Boone Bank & Trust 16,212 13.7 12,381 10.50 11,791 10.0 % First National Bank 111,884 14.0 83,616 10.50 79,635 10.0 Iowa State Savings Bank 26,454 16.2 17,163 10.50 16,346 10.0 Reliance State Bank 28,670 12.0 25,044 10.50 23,851 10.0 State Bank & Trust 22,184 16.1 14,443 10.50 13,755 10.0 United Bank & Trust 12,976 16.0 8,524 10.50 8,119 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 200,329 13.0 % $ 130,796 8.50 % N/A N/A Boone Bank & Trust 15,342 13.0 10,023 8.50 9,433 8.0 % First National Bank 102,720 12.9 67,689 8.50 63,708 8.0 Iowa State Savings Bank 24,508 15.0 13,894 8.50 13,077 8.0 Reliance State Bank 25,974 10.9 20,273 8.50 19,081 8.0 State Bank & Trust 20,700 15.0 11,692 8.50 11,004 8.0 United Bank & Trust 12,003 14.8 6,901 8.50 6,495 8.0 Tier 1 capital (to average-assets): Consolidated $ 200,329 9.0 % $ 88,779 4.00 % N/A N/A Boone Bank & Trust 15,342 9.6 6,363 4.00 7,954 5.0 % First National Bank 102,720 8.9 46,107 4.00 57,634 5.0 Iowa State Savings Bank 24,508 9.9 9,949 4.00 12,436 5.0 Reliance State Bank 25,974 8.4 12,340 4.00 15,426 5.0 State Bank & Trust 20,700 9.5 8,682 4.00 10,853 5.0 United Bank & Trust 12,003 9.4 5,082 4.00 6,353 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 200,329 13.0 % $ 107,714 7.00 % N/A N/A Boone Bank & Trust 15,342 13.0 8,254 7.00 7,664 6.5 % First National Bank 102,720 12.9 55,744 7.00 51,762 6.5 Iowa State Savings Bank 24,508 15.0 11,442 7.00 10,625 6.5 Reliance State Bank 25,974 10.9 16,696 7.00 15,503 6.5 State Bank & Trust 20,700 15.0 9,629 7.00 8,941 6.5 United Bank & Trust 12,003 14.8 5,683 7.00 5,277 6.5 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2022: Total capital (to risk-weighted assets): Consolidated $ 215,799 14.1 % $ 160,370 10.50 % N/A N/A Boone Bank & Trust 15,962 12.9 12,984 10.50 12,366 10.0 % First National Bank 110,887 14.2 82,089 10.50 78,180 10.0 Iowa State Savings Bank 25,398 15.5 17,210 10.50 16,390 10.0 Reliance State Bank 28,385 12.4 24,103 10.50 22,955 10.0 State Bank & Trust 22,011 14.7 15,716 10.50 14,968 10.0 United Bank & Trust 12,633 15.1 8,759 10.50 8,342 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 199,069 13.0 % $ 129,823 8.50 % N/A N/A Boone Bank & Trust 14,990 12.1 10,511 8.50 9,893 8.0 % First National Bank 101,976 13.0 66,453 8.50 62,544 8.0 Iowa State Savings Bank 24,113 14.7 13,932 8.50 13,112 8.0 Reliance State Bank 25,647 11.2 19,512 8.50 18,364 8.0 State Bank & Trust 20,392 13.6 12,723 8.50 11,974 8.0 United Bank & Trust 11,677 14.0 7,090 8.50 6,673 8.0 Tier 1 capital (to average-assets): Consolidated $ 199,069 9.1 % $ 87,392 4.00 % N/A N/A Boone Bank & Trust 14,990 8.7 6,868 4.00 8,585 5.0 % First National Bank 101,976 8.9 45,582 4.00 56,978 5.0 Iowa State Savings Bank 24,113 9.3 10,423 4.00 13,029 5.0 Reliance State Bank 25,647 8.5 12,001 4.00 15,001 5.0 State Bank & Trust 20,392 9.1 8,932 4.00 11,165 5.0 United Bank & Trust 11,677 8.9 5,274 4.00 6,592 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 199,069 13.0 % $ 106,913 7.00 % N/A N/A Boone Bank & Trust 14,990 12.1 8,656 7.00 8,038 6.5 % First National Bank 101,976 13.0 54,726 7.00 50,817 6.5 Iowa State Savings Bank 24,113 14.7 11,473 7.00 10,654 6.5 Reliance State Bank 25,647 11.2 16,069 7.00 14,921 6.5 State Bank & Trust 20,392 13.6 10,477 7.00 9,729 6.5 United Bank & Trust 11,677 14.0 5,839 7.00 5,422 6.5 |
Note 1 - Significant Accounti_3
Note 1 - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Jan. 01, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Retained Earnings (Accumulated Deficit) | $ 180,724 | $ 179,931 | |||||
Deferred Income Tax Assets, Net | 23,206 | 22,130 | |||||
Financing Receivable, Allowance for Credit Loss | 16,118 | $ 16,319 | 15,697 | $ 15,897 | $ 16,420 | $ 16,621 | |
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss | 4,100 | ||||||
Financing Receivable, Accrued Interest, after Allowance for Credit Loss | $ 9,700 | ||||||
Accounting Standards Update 2016-13 [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | $ 15,697 | ||||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||||
Retained Earnings (Accumulated Deficit) | (603) | ||||||
Deferred Income Tax Assets, Net | 188 | ||||||
Financing Receivable, Allowance for Credit Loss | 518 | $ 518 | |||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | OBS Credit Exposures [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | $ 273 |
Note 1 - Significant Accounti_4
Note 1 - Significant Accounting Policies - Impact of ASC 326 (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Jan. 01, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Financing Receivable, Allowance for Credit Loss | $ 16,118 | $ 16,319 | $ 15,697 | $ 15,897 | $ 16,420 | $ 16,621 | |
Accounting Standards Update 2016-13 [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | $ 15,697 | ||||||
Allowance for credit losses on off-balance sheet credit exposures | 798 | ||||||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 16,215 | ||||||
Allowance for credit losses on off-balance sheet credit exposures | 1,071 | ||||||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 518 | $ 518 | |||||
Allowance for credit losses on off-balance sheet credit exposures | $ 273 |
Note 2 - Dividends (Details Tex
Note 2 - Dividends (Details Textual) - $ / shares | 3 Months Ended | 9 Months Ended | |||
Aug. 09, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.27 | $ 0.27 | $ 0.27 | $ 0.81 | $ 0.81 |
Note 3 - Earnings Per Share (De
Note 3 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Weighted Average Number of Shares Outstanding, Basic (in shares) | 8,992,167 | 8,992,167 | 8,992,167 | 9,047,308 |
Weighted Average Number of Shares Outstanding, Diluted, Adjustment (in shares) | 0 | 0 |
Note 5 - Fair Value Measureme_3
Note 5 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Available for sale securities | $ 736,944 | $ 786,438 |
US Treasury Securities [Member] | ||
Available for sale securities | 202,522 | 207,597 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 98,049 | 100,933 |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 101,552 | 116,741 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 265,299 | 286,003 |
Corporate Debt Securities [Member] | ||
Available for sale securities | 69,522 | 75,164 |
Fair Value, Recurring [Member] | ||
Loans receivable | 8,045 | 8,494 |
Interest rate swaps, Fair value | 1,565 | |
Derivative financial instruments | 199 | 1,096 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Loans receivable | 0 | 0 |
Interest rate swaps, Fair value | 0 | |
Derivative financial instruments | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Loans receivable | 8,045 | 8,494 |
Interest rate swaps, Fair value | 1,565 | |
Derivative financial instruments | 199 | 1,096 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Loans receivable | 0 | 0 |
Interest rate swaps, Fair value | 0 | |
Derivative financial instruments | 0 | 0 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | ||
Available for sale securities | 202,522 | 207,597 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 202,522 | 207,597 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 98,049 | 100,933 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 98,049 | 100,933 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 101,552 | 116,741 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 101,552 | 116,741 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 265,299 | 286,003 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 265,299 | 286,003 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available for sale securities | 69,522 | 75,164 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 69,522 | 75,164 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | $ 0 | $ 0 |
Note 5 - Fair Value Measureme_4
Note 5 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Loans receivable | $ 268 | $ 304 |
Fair Value, Inputs, Level 1 [Member] | ||
Loans receivable | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Loans receivable | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Loans receivable | $ 268 | $ 304 |
Note 5 - Fair Value Measureme_5
Note 5 - Fair Value Measurements - Fair Value Quantitative Information (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Loans receivable | $ 268 | $ 304 |
Loans receivable | 268 | 304 |
Fair Value, Inputs, Level 3 [Member] | ||
Loans receivable | 268 | 304 |
Loans receivable | 268 | 304 |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | ||
Loans receivable | 268 | 304 |
Loans receivable | $ 268 | $ 304 |
Note 5 - Fair Value Measureme_6
Note 5 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 |
Securities available-for-sale | $ 736,944 | $ 786,438 | |
Reported Value Measurement [Member] | |||
Securities available-for-sale | 736,944 | $ 786,438 | |
Estimate of Fair Value Measurement [Member] | |||
Securities available-for-sale | 736,944 | 786,438 | |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | |||
Cash and cash equivalents | 90,063 | 27,884 | |
Interest-bearing time deposits | 9,889 | 14,669 | |
Accrued income receivable | 13,794 | 11,275 | |
Securities sold under agreements to repurchase | 60,941 | 40,676 | |
Accrued interest payable | 3,561 | 666 | |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | |||
Cash and cash equivalents | 90,063 | 27,884 | |
Interest-bearing time deposits | 9,221 | 14,340 | |
Accrued income receivable | 13,794 | 11,275 | |
Securities sold under agreements to repurchase | 60,941 | 40,676 | |
Accrued interest payable | 3,561 | 666 | |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | |||
FHLB and FRB stock | 4,000 | 4,613 | |
Loans receivable | 1,231,893 | 1,226,011 | |
Loans held for sale | 428 | 154 | |
Carrying amount | 1,565 | 1,096 | |
Deposits | 1,828,681 | 1,897,957 | |
Other borrowings | 105,942 | 39,120 | |
Derivative financial instruments | 199 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | |||
FHLB and FRB stock | 4,000 | 4,613 | |
Loans receivable | 1,173,464 | 1,170,948 | |
Loans held for sale | 428 | 154 | |
Carrying amount | 1,565 | 1,096 | |
Deposits | 1,828,256 | 1,895,473 | |
Other borrowings | 105,117 | 38,991 | |
Derivative financial instruments | $ 199 | $ 0 |
Note 6 - Debt Securities (Detai
Note 6 - Debt Securities (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Debt Securities, Available-for-Sale, Term (Year) | 3 years 7 months 20 days | |
Debt Securities, Available-for-Sale, Restricted | $ 367,600 | $ 256,700 |
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax | $ 87,834 | $ 83,600 |
Note 6 - Debt Securities - Secu
Note 6 - Debt Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Amortized cost | $ 824,767 | $ 869,996 |
Gross unrealized gains | 11 | 42 |
Gross unrealized losses | (87,834) | (83,600) |
Estimated fair value | 736,944 | 786,438 |
US Treasury Securities [Member] | ||
Amortized cost | 221,032 | 227,065 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | (18,510) | (19,468) |
Estimated fair value | 202,522 | 207,597 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost | 107,597 | 110,370 |
Gross unrealized gains | 2 | 4 |
Gross unrealized losses | (9,550) | (9,441) |
Estimated fair value | 98,049 | 100,933 |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 119,999 | 133,205 |
Gross unrealized gains | 3 | 4 |
Gross unrealized losses | (18,450) | (16,468) |
Estimated fair value | 101,552 | 116,741 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost | 298,962 | 317,179 |
Gross unrealized gains | 6 | 27 |
Gross unrealized losses | (33,669) | (31,203) |
Estimated fair value | 265,299 | 286,003 |
Corporate Debt Securities [Member] | ||
Amortized cost | 77,177 | 82,177 |
Gross unrealized gains | 0 | 7 |
Gross unrealized losses | (7,655) | (7,020) |
Estimated fair value | $ 69,522 | $ 75,164 |
Note 6 - Debt Securities - Debt
Note 6 - Debt Securities - Debt Securities Available-for-sale (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Due in one year or less, Amortized cost | $ 78,232 | |
Due in one year or less, Estimated fair value | 76,604 | |
Due after one year through five years, Amortized cost | 403,015 | |
Due after one year through five years, Estimated fair value | 368,300 | |
Due after five years through ten years, Amortized cost | 214,556 | |
Due after five years through ten years, Estimated fair value | 183,416 | |
Due after ten years, Amortized cost | 8,965 | |
Due after ten years, Estimated fair value | 7,072 | |
Securities, amortized cost | 704,768 | |
Securities, fair value | 635,392 | |
U.S. government mortgage-backed securities, amortized cost | 119,999 | |
U.S. government mortgage-backed securities, fair value | 101,552 | |
Total, amortized cost | 824,767 | $ 869,996 |
Securities available-for-sale | $ 736,944 | $ 786,438 |
Note 6 - Debt Securities - Proc
Note 6 - Debt Securities - Proceeds, Gains and Losses From Securities Available-for-sale (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Proceeds from sales of securities available-for-sale | $ 716 | $ 10,013 | $ 2,069 | $ 10,548 |
Gross realized gains on securities available-for-sale | 62 | 25 | 73 | 60 |
Gross realized losses on securities available-for-sale | $ (34) | $ (23) | $ (38) | $ (23) |
Note 6 - Debt Securities - Se_2
Note 6 - Debt Securities - Securities Available-for-sale Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Less than 12 months, estimated fair value | $ 23,819 | $ 406,076 |
Less than 12 months, unrealized losses | (937) | (31,483) |
12 months or more, estimated fair value | 710,255 | 367,850 |
12 months or more, unrealized losses | (86,897) | (52,117) |
Total estimated fair value | 734,074 | 773,926 |
Total unrealized losses | (87,834) | (83,600) |
US Treasury Securities [Member] | ||
Less than 12 months, estimated fair value | 0 | 57,882 |
Less than 12 months, unrealized losses | 0 | (3,960) |
12 months or more, estimated fair value | 202,522 | 147,215 |
12 months or more, unrealized losses | (18,510) | (15,508) |
Total estimated fair value | 202,522 | 205,097 |
Total unrealized losses | (18,510) | (19,468) |
US Government Agencies Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 1,934 | 61,821 |
Less than 12 months, unrealized losses | (64) | (4,293) |
12 months or more, estimated fair value | 95,544 | 38,492 |
12 months or more, unrealized losses | (9,486) | (5,148) |
Total estimated fair value | 97,478 | 100,313 |
Total unrealized losses | (9,550) | (9,441) |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, estimated fair value | 816 | 45,440 |
Less than 12 months, unrealized losses | (34) | (4,393) |
12 months or more, estimated fair value | 100,453 | 70,854 |
12 months or more, unrealized losses | (18,416) | (12,075) |
Total estimated fair value | 101,269 | 116,294 |
Total unrealized losses | (18,450) | (16,468) |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 17,036 | 181,640 |
Less than 12 months, unrealized losses | (662) | (14,556) |
12 months or more, estimated fair value | 246,247 | 97,907 |
12 months or more, unrealized losses | (33,007) | (16,647) |
Total estimated fair value | 263,283 | 279,547 |
Total unrealized losses | (33,669) | (31,203) |
Corporate Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 4,033 | 59,293 |
Less than 12 months, unrealized losses | (177) | (4,281) |
12 months or more, estimated fair value | 65,489 | 13,382 |
12 months or more, unrealized losses | (7,478) | (2,739) |
Total estimated fair value | 69,522 | 72,675 |
Total unrealized losses | $ (7,655) | $ (7,020) |
Note 7 - Loans Receivable and_3
Note 7 - Loans Receivable and Credit Disclosures (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | |
Off-Balance-Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | $ 69 | $ 46 | ||||
Financing Receivable, Nonaccrual, Interest Income | 224 | $ 224 | 569 | $ 535 | ||
Financing Receivable, Nonaccrual | $ 14,600 | $ 14,600 | $ 14,600 | $ 14,700 | ||
Financing Receivable, Modified, Number of Contracts | 3 | |||||
Financing Receivable, Modified, Subsequent Default, Number of Contracts | 0 | 0 | ||||
Financing Receivable, Modified, Accumulated | $ 10,700 | |||||
Number Of Restructured Loans Granting Concessions | 0 | 0 | ||||
Financing Receivable, Modified, Increase (Decrease) from Modification | $ 0 | $ 0 |
Note 7 - Loans Receivable and_4
Note 7 - Loans Receivable and Credit Disclosures - Composition of Loans Receivable (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
Loans receivable | $ 1,248,108 | $ 1,241,708 | |||||
Unallocated portfolio layer basis adjustments1 | [1] | (97) | 0 | ||||
Less allowance for credit losses | (16,118) | $ (16,319) | (15,697) | $ (15,897) | $ (16,420) | $ (16,621) | |
Loans receivable, net | 1,231,893 | 1,226,011 | |||||
Construction Real Estate [Member] | |||||||
Loans receivable | 64,734 | 51,253 | |||||
Less allowance for credit losses | (416) | (412) | (730) | (604) | (606) | (675) | |
Family Residential Real Estate 1-4 [Member] | |||||||
Loans receivable | 280,443 | 285,107 | |||||
Less allowance for credit losses | (3,258) | (3,357) | (3,028) | (3,007) | (2,920) | (2,752) | |
Multifamily [Member] | |||||||
Loans receivable | 193,197 | 185,784 | |||||
Less allowance for credit losses | (2,495) | (2,524) | (2,493) | (2,310) | (2,517) | (2,501) | |
Commercial Real Estate Portfolio Segment [Member] | |||||||
Loans receivable | 345,647 | 353,285 | |||||
Less allowance for credit losses | (4,998) | (5,033) | (4,742) | (5,559) | (5,843) | (5,905) | |
Agriculture Real Estate [Member] | |||||||
Loans receivable | 161,963 | 159,448 | |||||
Less allowance for credit losses | (1,229) | (1,214) | (1,625) | (1,598) | (1,692) | (1,584) | |
Commercial Portfolio Segment [Member] | |||||||
Loans receivable | 87,004 | 77,265 | |||||
Less allowance for credit losses | (1,874) | (2,014) | (1,153) | (1,099) | (1,125) | (1,170) | |
Agriculture [Member] | |||||||
Loans receivable | 98,820 | 113,355 | |||||
Less allowance for credit losses | (1,398) | (1,358) | (1,705) | (1,501) | (1,484) | (1,836) | |
Consumer and Other [Member] | |||||||
Loans receivable | 16,300 | 16,211 | |||||
Less allowance for credit losses | $ (450) | $ (407) | $ (221) | $ (219) | $ (233) | $ (198) | |
[1]This amount represents portfolio layer method basis adjustments related to loans hedged in a closed portfolio. Under the portfolio layer method basis adjustments are not allocated to individual loans, however, the amounts impact the net loan balance. These basis adjustments would be allocated to the amortized cost of specific loans within the pool if the hedge was de-designated. See Note 11 (“Derivative Financial Instruments”) for additional information. |
Note 7 - Loans Receivable and_5
Note 7 - Loans Receivable and Credit Disclosures - Activity in 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 | |||
Balance | $ 16,319 | $ 16,420 | $ 15,697 | $ 16,621 | ||
Credit loss expense (benefit) for loans | (205) | [1] | (520) | 80 | [2] | (706) |
Recoveries of loans charged-off | 4 | 6 | 24 | 17 | ||
Loans charged-off | 0 | (9) | (201) | (35) | ||
Balance | 16,118 | 15,897 | 16,118 | 15,897 | ||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 518 | |||||
Construction Real Estate [Member] | ||||||
Balance | 412 | 606 | 730 | 675 | ||
Credit loss expense (benefit) for loans | 4 | [1] | (2) | 81 | [2] | (71) |
Recoveries of loans charged-off | 0 | 0 | 0 | 0 | ||
Loans charged-off | 0 | 0 | 0 | 0 | ||
Balance | 416 | 604 | 416 | 604 | ||
Construction Real Estate [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | (395) | |||||
Family Residential Real Estate 1-4 [Member] | ||||||
Balance | 3,357 | 2,920 | 3,028 | 2,752 | ||
Credit loss expense (benefit) for loans | (100) | [1] | 83 | (15) | [2] | 257 |
Recoveries of loans charged-off | 1 | 4 | 3 | 8 | ||
Loans charged-off | 0 | 0 | 0 | (10) | ||
Balance | 3,258 | 3,007 | 3,258 | 3,007 | ||
Family Residential Real Estate 1-4 [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 242 | |||||
Multifamily [Member] | ||||||
Balance | 2,524 | 2,517 | 2,493 | 2,501 | ||
Credit loss expense (benefit) for loans | (29) | [1] | (207) | 26 | [2] | (191) |
Recoveries of loans charged-off | 0 | 0 | 0 | 0 | ||
Loans charged-off | 0 | 0 | 0 | 0 | ||
Balance | 2,495 | 2,310 | 2,495 | 2,310 | ||
Multifamily [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | (24) | |||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Balance | 5,033 | 5,843 | 4,742 | 5,905 | ||
Credit loss expense (benefit) for loans | (35) | [1] | (285) | (262) | [2] | (348) |
Recoveries of loans charged-off | 0 | 1 | 5 | 2 | ||
Loans charged-off | 0 | 0 | 0 | 0 | ||
Balance | 4,998 | 5,559 | 4,998 | 5,559 | ||
Commercial Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 513 | |||||
Agriculture Real Estate [Member] | ||||||
Balance | 1,214 | 1,692 | 1,625 | 1,584 | ||
Credit loss expense (benefit) for loans | 15 | [1] | (94) | 2 | [2] | 14 |
Recoveries of loans charged-off | 0 | 0 | 0 | 0 | ||
Loans charged-off | 0 | 0 | 0 | 0 | ||
Balance | 1,229 | 1,598 | 1,229 | 1,598 | ||
Agriculture Real Estate [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | (398) | |||||
Commercial Portfolio Segment [Member] | ||||||
Balance | 2,014 | 1,125 | 1,153 | 1,170 | ||
Credit loss expense (benefit) for loans | (142) | [1] | (25) | 301 | [2] | (72) |
Recoveries of loans charged-off | 2 | 1 | 8 | 3 | ||
Loans charged-off | 0 | (2) | (37) | (2) | ||
Balance | 1,874 | 1,099 | 1,874 | 1,099 | ||
Commercial Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 449 | |||||
Agriculture [Member] | ||||||
Balance | 1,358 | 1,484 | 1,705 | 1,836 | ||
Credit loss expense (benefit) for loans | 40 | [1] | 24 | (82) | [2] | (328) |
Recoveries of loans charged-off | 0 | 0 | 0 | 0 | ||
Loans charged-off | 0 | (7) | (164) | (7) | ||
Balance | 1,398 | 1,501 | 1,398 | 1,501 | ||
Agriculture [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | (61) | |||||
Consumer and Other [Member] | ||||||
Balance | 407 | 233 | 221 | 198 | ||
Credit loss expense (benefit) for loans | 42 | [1] | (14) | 29 | [2] | 33 |
Recoveries of loans charged-off | 1 | 0 | 8 | 4 | ||
Loans charged-off | 0 | 0 | 0 | (16) | ||
Balance | $ 450 | $ 219 | 450 | $ 219 | ||
Consumer and Other [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | $ 192 | |||||
[1]The difference in the credit loss expense reported herein as compared to the Consolidated Statements of Income is associated with the credit loss benefit of $69 thousand related to off-balance sheet credit exposures.[2]The difference in the credit loss expense reported herein as compared to the Consolidated Statements of Income is associated with the credit loss benefit of $46 thousand related to off-balance sheet credit exposures. |
Note 7 - Loans Receivable and_6
Note 7 - Loans Receivable and Credit Disclosures - Allowance for Loan Losses Impairment Analysis (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Individually evaluated for credit losses | $ 243 | $ 95 | ||||
Collectively evaluated for credit losses | 15,875 | 15,602 | ||||
Balance September 30, 2023 | 16,118 | $ 16,319 | 15,697 | $ 15,897 | $ 16,420 | $ 16,621 |
Construction Real Estate [Member] | ||||||
Individually evaluated for credit losses | 0 | 0 | ||||
Collectively evaluated for credit losses | 416 | 730 | ||||
Balance September 30, 2023 | 416 | 412 | 730 | 604 | 606 | 675 |
Family Residential Real Estate 1-4 [Member] | ||||||
Individually evaluated for credit losses | 81 | 10 | ||||
Collectively evaluated for credit losses | 3,177 | 3,018 | ||||
Balance September 30, 2023 | 3,258 | 3,357 | 3,028 | 3,007 | 2,920 | 2,752 |
Multifamily [Member] | ||||||
Individually evaluated for credit losses | 0 | 0 | ||||
Collectively evaluated for credit losses | 2,495 | 2,493 | ||||
Balance September 30, 2023 | 2,495 | 2,524 | 2,493 | 2,310 | 2,517 | 2,501 |
Commercial Real Estate Portfolio Segment [Member] | ||||||
Individually evaluated for credit losses | 0 | 0 | ||||
Collectively evaluated for credit losses | 4,998 | 4,742 | ||||
Balance September 30, 2023 | 4,998 | 5,033 | 4,742 | 5,559 | 5,843 | 5,905 |
Agriculture Real Estate [Member] | ||||||
Individually evaluated for credit losses | 0 | 0 | ||||
Collectively evaluated for credit losses | 1,229 | 1,625 | ||||
Balance September 30, 2023 | 1,229 | 1,214 | 1,625 | 1,598 | 1,692 | 1,584 |
Commercial Portfolio Segment [Member] | ||||||
Individually evaluated for credit losses | 95 | 0 | ||||
Collectively evaluated for credit losses | 1,779 | 1,153 | ||||
Balance September 30, 2023 | 1,874 | 2,014 | 1,153 | 1,099 | 1,125 | 1,170 |
Agriculture [Member] | ||||||
Individually evaluated for credit losses | 53 | 68 | ||||
Collectively evaluated for credit losses | 1,345 | 1,637 | ||||
Balance September 30, 2023 | 1,398 | 1,358 | 1,705 | 1,501 | 1,484 | 1,836 |
Consumer and Other [Member] | ||||||
Individually evaluated for credit losses | 14 | 17 | ||||
Collectively evaluated for credit losses | 436 | 204 | ||||
Balance September 30, 2023 | $ 450 | $ 407 | $ 221 | $ 219 | $ 233 | $ 198 |
Note 7 - Loans Receivable and_7
Note 7 - Loans Receivable and Credit Disclosures - Loans Receivable Impairment Analysis (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Individually evaluated for credit losses | $ 14,605 | $ 14,386 |
Collectively evaluated for credit losses | 1,233,503 | 1,227,322 |
Balance | 1,248,108 | 1,241,708 |
Construction Real Estate [Member] | ||
Individually evaluated for credit losses | 0 | 0 |
Collectively evaluated for credit losses | 64,734 | 51,253 |
Balance | 64,734 | 51,253 |
Family Residential Real Estate 1-4 [Member] | ||
Individually evaluated for credit losses | 990 | 805 |
Collectively evaluated for credit losses | 279,453 | 284,302 |
Balance | 280,443 | 285,107 |
Multifamily [Member] | ||
Individually evaluated for credit losses | 2,948 | 0 |
Collectively evaluated for credit losses | 190,249 | 185,784 |
Balance | 193,197 | 185,784 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for credit losses | 9,177 | 12,853 |
Collectively evaluated for credit losses | 336,470 | 340,432 |
Balance | 345,647 | 353,285 |
Agriculture Real Estate [Member] | ||
Individually evaluated for credit losses | 478 | 165 |
Collectively evaluated for credit losses | 161,485 | 159,283 |
Balance | 161,963 | 159,448 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for credit losses | 272 | 200 |
Collectively evaluated for credit losses | 86,732 | 77,065 |
Balance | 87,004 | 77,265 |
Agriculture [Member] | ||
Individually evaluated for credit losses | 726 | 342 |
Collectively evaluated for credit losses | 98,094 | 113,013 |
Balance | 98,820 | 113,355 |
Consumer and Other [Member] | ||
Individually evaluated for credit losses | 14 | 21 |
Collectively evaluated for credit losses | 16,286 | 16,190 |
Balance | $ 16,300 | $ 16,211 |
Note 7 - Loans Receivable and_8
Note 7 - Loans Receivable and Credit Disclosures - Amortized Cost Basis of Collateral Dependent Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Collateral dependent loans | $ 14,605 | $ 14,386 | ||||
Collateral dependent loans, ACL | 16,118 | $ 16,319 | 15,697 | $ 15,897 | $ 16,420 | $ 16,621 |
Construction Real Estate [Member] | ||||||
Collateral dependent loans | 0 | 0 | ||||
Collateral dependent loans, ACL | 416 | 412 | 730 | 604 | 606 | 675 |
Family Residential Real Estate 1-4 [Member] | ||||||
Collateral dependent loans | 990 | 805 | ||||
Collateral dependent loans, ACL | 3,258 | 3,357 | 3,028 | 3,007 | 2,920 | 2,752 |
Multifamily [Member] | ||||||
Collateral dependent loans | 2,948 | 0 | ||||
Collateral dependent loans, ACL | 2,495 | 2,524 | 2,493 | 2,310 | 2,517 | 2,501 |
Commercial Real Estate Portfolio Segment [Member] | ||||||
Collateral dependent loans | 9,177 | 12,853 | ||||
Collateral dependent loans, ACL | 4,998 | 5,033 | 4,742 | 5,559 | 5,843 | 5,905 |
Agriculture Real Estate [Member] | ||||||
Collateral dependent loans | 478 | 165 | ||||
Collateral dependent loans, ACL | 1,229 | 1,214 | 1,625 | 1,598 | 1,692 | 1,584 |
Commercial Portfolio Segment [Member] | ||||||
Collateral dependent loans | 272 | 200 | ||||
Collateral dependent loans, ACL | 1,874 | 2,014 | 1,153 | 1,099 | 1,125 | 1,170 |
Agriculture [Member] | ||||||
Collateral dependent loans | 726 | 342 | ||||
Collateral dependent loans, ACL | 1,398 | 1,358 | 1,705 | 1,501 | 1,484 | 1,836 |
Consumer and Other [Member] | ||||||
Collateral dependent loans | 14 | 21 | ||||
Collateral dependent loans, ACL | 450 | $ 407 | $ 221 | $ 219 | $ 233 | $ 198 |
Real Estate [Member] | ||||||
Collateral dependent loans | 13,976 | |||||
Real Estate [Member] | Construction Real Estate [Member] | ||||||
Collateral dependent loans | 0 | |||||
Real Estate [Member] | Family Residential Real Estate 1-4 [Member] | ||||||
Collateral dependent loans | 990 | |||||
Real Estate [Member] | Multifamily [Member] | ||||||
Collateral dependent loans | 2,948 | |||||
Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Collateral dependent loans | 9,195 | |||||
Real Estate [Member] | Agriculture Real Estate [Member] | ||||||
Collateral dependent loans | 478 | |||||
Real Estate [Member] | Commercial Portfolio Segment [Member] | ||||||
Collateral dependent loans | 120 | |||||
Real Estate [Member] | Agriculture [Member] | ||||||
Collateral dependent loans | 245 | |||||
Real Estate [Member] | Consumer and Other [Member] | ||||||
Collateral dependent loans | 0 | |||||
Equipment [Member] | ||||||
Collateral dependent loans | 39 | |||||
Equipment [Member] | Construction Real Estate [Member] | ||||||
Collateral dependent loans | 0 | |||||
Equipment [Member] | Family Residential Real Estate 1-4 [Member] | ||||||
Collateral dependent loans | 0 | |||||
Equipment [Member] | Multifamily [Member] | ||||||
Collateral dependent loans | 0 | |||||
Equipment [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Collateral dependent loans | 0 | |||||
Equipment [Member] | Agriculture Real Estate [Member] | ||||||
Collateral dependent loans | 0 | |||||
Equipment [Member] | Commercial Portfolio Segment [Member] | ||||||
Collateral dependent loans | 0 | |||||
Equipment [Member] | Agriculture [Member] | ||||||
Collateral dependent loans | 39 | |||||
Equipment [Member] | Consumer and Other [Member] | ||||||
Collateral dependent loans | 0 | |||||
Other [Member] | ||||||
Collateral dependent loans | 540 | |||||
Other [Member] | Construction Real Estate [Member] | ||||||
Collateral dependent loans | 0 | |||||
Other [Member] | Family Residential Real Estate 1-4 [Member] | ||||||
Collateral dependent loans | 0 | |||||
Other [Member] | Multifamily [Member] | ||||||
Collateral dependent loans | 0 | |||||
Other [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Collateral dependent loans | 0 | |||||
Other [Member] | Agriculture Real Estate [Member] | ||||||
Collateral dependent loans | 0 | |||||
Other [Member] | Commercial Portfolio Segment [Member] | ||||||
Collateral dependent loans | 98 | |||||
Other [Member] | Agriculture [Member] | ||||||
Collateral dependent loans | 442 | |||||
Collateral Pledged [Member] | ||||||
Collateral dependent loans | 14,555 | |||||
Collateral dependent loans, ACL | 229 | |||||
Collateral Pledged [Member] | Construction Real Estate [Member] | ||||||
Collateral dependent loans | 0 | |||||
Collateral dependent loans, ACL | 0 | |||||
Collateral Pledged [Member] | Family Residential Real Estate 1-4 [Member] | ||||||
Collateral dependent loans | 990 | |||||
Collateral dependent loans, ACL | 81 | |||||
Collateral Pledged [Member] | Multifamily [Member] | ||||||
Collateral dependent loans | 2,948 | |||||
Collateral dependent loans, ACL | 0 | |||||
Collateral Pledged [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||
Collateral dependent loans | 9,195 | |||||
Collateral dependent loans, ACL | 0 | |||||
Collateral Pledged [Member] | Agriculture Real Estate [Member] | ||||||
Collateral dependent loans | 478 | |||||
Collateral dependent loans, ACL | 0 | |||||
Collateral Pledged [Member] | Commercial Portfolio Segment [Member] | ||||||
Collateral dependent loans | 218 | |||||
Collateral dependent loans, ACL | 95 | |||||
Collateral Pledged [Member] | Agriculture [Member] | ||||||
Collateral dependent loans | 726 | |||||
Collateral dependent loans, ACL | 53 | |||||
Collateral Pledged [Member] | Consumer and Other [Member] | ||||||
Collateral dependent loans | 0 | |||||
Collateral dependent loans, ACL | $ 0 |
Note 7 - Loans Receivable and_9
Note 7 - Loans Receivable and Credit Disclosures - Impaired Loans (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Impaired financing receivable with no related allowance, recorded investment | $ 13,987 |
Impaired financing receivable with no related allowance, unpaid principal balance | 14,837 |
Impaired financing receivable with related allowance, recorded investment | 399 |
Impaired financing receivable with related allowance, unpaid principal balance | 436 |
Impaired financing receivable, related allowance | 95 |
Impaired financing receivable, recorded investment | 14,386 |
Impaired financing receivable, unpaid principal balance | 15,273 |
Construction Real Estate [Member] | |
Impaired financing receivable with no related allowance, recorded investment | 0 |
Impaired financing receivable with no related allowance, unpaid principal balance | 0 |
Impaired financing receivable with related allowance, recorded investment | 0 |
Impaired financing receivable with related allowance, unpaid principal balance | 0 |
Impaired financing receivable, related allowance | 0 |
Impaired financing receivable, recorded investment | 0 |
Impaired financing receivable, unpaid principal balance | 0 |
Family Residential Real Estate 1-4 [Member] | |
Impaired financing receivable with no related allowance, recorded investment | 687 |
Impaired financing receivable with no related allowance, unpaid principal balance | 721 |
Impaired financing receivable with related allowance, recorded investment | 118 |
Impaired financing receivable with related allowance, unpaid principal balance | 123 |
Impaired financing receivable, related allowance | 10 |
Impaired financing receivable, recorded investment | 805 |
Impaired financing receivable, unpaid principal balance | 844 |
Multifamily [Member] | |
Impaired financing receivable with no related allowance, recorded investment | 0 |
Impaired financing receivable with no related allowance, unpaid principal balance | 0 |
Impaired financing receivable with related allowance, recorded investment | 0 |
Impaired financing receivable with related allowance, unpaid principal balance | 0 |
Impaired financing receivable, related allowance | 0 |
Impaired financing receivable, recorded investment | 0 |
Impaired financing receivable, unpaid principal balance | 0 |
Commercial Real Estate Portfolio Segment [Member] | |
Impaired financing receivable with no related allowance, recorded investment | 12,853 |
Impaired financing receivable with no related allowance, unpaid principal balance | 13,578 |
Impaired financing receivable with related allowance, recorded investment | 0 |
Impaired financing receivable with related allowance, unpaid principal balance | 0 |
Impaired financing receivable, related allowance | 0 |
Impaired financing receivable, recorded investment | 12,853 |
Impaired financing receivable, unpaid principal balance | 13,578 |
Agriculture Real Estate [Member] | |
Impaired financing receivable with no related allowance, recorded investment | 165 |
Impaired financing receivable with no related allowance, unpaid principal balance | 194 |
Impaired financing receivable with related allowance, recorded investment | 0 |
Impaired financing receivable with related allowance, unpaid principal balance | 0 |
Impaired financing receivable, related allowance | 0 |
Impaired financing receivable, recorded investment | 165 |
Impaired financing receivable, unpaid principal balance | 194 |
Commercial Portfolio Segment [Member] | |
Impaired financing receivable with no related allowance, recorded investment | 200 |
Impaired financing receivable with no related allowance, unpaid principal balance | 249 |
Impaired financing receivable with related allowance, recorded investment | 0 |
Impaired financing receivable with related allowance, unpaid principal balance | 0 |
Impaired financing receivable, related allowance | 0 |
Impaired financing receivable, recorded investment | 200 |
Impaired financing receivable, unpaid principal balance | 249 |
Agriculture [Member] | |
Impaired financing receivable with no related allowance, recorded investment | 78 |
Impaired financing receivable with no related allowance, unpaid principal balance | 88 |
Impaired financing receivable with related allowance, recorded investment | 264 |
Impaired financing receivable with related allowance, unpaid principal balance | 294 |
Impaired financing receivable, related allowance | 68 |
Impaired financing receivable, recorded investment | 342 |
Impaired financing receivable, unpaid principal balance | 382 |
Consumer and Other [Member] | |
Impaired financing receivable with no related allowance, recorded investment | 4 |
Impaired financing receivable with no related allowance, unpaid principal balance | 7 |
Impaired financing receivable with related allowance, recorded investment | 17 |
Impaired financing receivable with related allowance, unpaid principal balance | 19 |
Impaired financing receivable, related allowance | 17 |
Impaired financing receivable, recorded investment | 21 |
Impaired financing receivable, unpaid principal balance | $ 26 |
Note 7 - Loans Receivable an_10
Note 7 - Loans Receivable and Credit Disclosures - Average Recorded Investment and Interest Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2022 | Sep. 30, 2022 | |
Impaired financing receivable, with no related allowance, average recorded investment | $ 3,167 | $ 2,508 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 39 | 74 |
Impaired financing receivable, with related allowance, average recorded investment | 9,920 | 10,152 |
Impaired financing receivable, with related allowance, interest income, accrual method | 1 | 2 |
Impaired financing receivable, average recorded investment | 13,087 | 12,660 |
Impaired financing receivable, interest income, accrual method | 40 | 76 |
Construction Real Estate [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 0 | 0 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, with related allowance, average recorded investment | 0 | 0 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, average recorded investment | 0 | 0 |
Impaired financing receivable, interest income, accrual method | 0 | 0 |
Family Residential Real Estate 1-4 [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 781 | 722 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 39 | 55 |
Impaired financing receivable, with related allowance, average recorded investment | 98 | 206 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 1 |
Impaired financing receivable, average recorded investment | 879 | 928 |
Impaired financing receivable, interest income, accrual method | 39 | 56 |
Multifamily [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 0 | 0 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, with related allowance, average recorded investment | 0 | 0 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, average recorded investment | 0 | 0 |
Impaired financing receivable, interest income, accrual method | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 1,929 | 1,026 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, with related allowance, average recorded investment | 9,500 | 9,584 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, average recorded investment | 11,429 | 10,610 |
Impaired financing receivable, interest income, accrual method | 0 | 0 |
Agriculture Real Estate [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 170 | 357 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 14 |
Impaired financing receivable, with related allowance, average recorded investment | 0 | 0 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, average recorded investment | 170 | 357 |
Impaired financing receivable, interest income, accrual method | 0 | 14 |
Commercial Portfolio Segment [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 242 | 234 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 5 |
Impaired financing receivable, with related allowance, average recorded investment | 17 | 43 |
Impaired financing receivable, with related allowance, interest income, accrual method | 1 | 1 |
Impaired financing receivable, average recorded investment | 259 | 277 |
Impaired financing receivable, interest income, accrual method | 1 | 6 |
Agriculture [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 39 | 164 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, with related allowance, average recorded investment | 286 | 299 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, average recorded investment | 325 | 463 |
Impaired financing receivable, interest income, accrual method | 0 | 0 |
Consumer and Other [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 6 | 5 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, with related allowance, average recorded investment | 19 | 20 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 |
Impaired financing receivable, average recorded investment | 25 | 25 |
Impaired financing receivable, interest income, accrual method | $ 0 | $ 0 |
Note 7 - Loans Receivable an_11
Note 7 - Loans Receivable and Credit Disclosures - Modified Financing Receivable With Term Extension (Details) - Agriculture [Member] $ in Thousands | 9 Months Ended |
Sep. 30, 2023 USD ($) | |
Financing Receivable, Modified | $ 415 |
Financing Receivable, Modified, Percentage | 0.40% |
Financing Receivable, Modified, Term (Year) | 7 years 8 months 12 days |
Note 7 - Loans Receivable an_12
Note 7 - Loans Receivable and Credit Disclosures - Past Due Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Loans receivable | $ 1,248,108 | $ 1,241,708 |
Financing receivable, recorded investment, 90 days past due and still accruing | 735 | 0 |
Construction Real Estate [Member] | ||
Loans receivable | 64,734 | 51,253 |
Financing receivable, recorded investment, 90 days past due and still accruing | 66 | 0 |
Family Residential Real Estate 1-4 [Member] | ||
Loans receivable | 280,443 | 285,107 |
Financing receivable, recorded investment, 90 days past due and still accruing | 70 | 0 |
Multifamily [Member] | ||
Loans receivable | 193,197 | 185,784 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 345,647 | 353,285 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Agriculture Real Estate [Member] | ||
Loans receivable | 161,963 | 159,448 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 87,004 | 77,265 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Agriculture [Member] | ||
Loans receivable | 98,820 | 113,355 |
Financing receivable, recorded investment, 90 days past due and still accruing | 599 | 0 |
Consumer and Other [Member] | ||
Loans receivable | 16,300 | 16,211 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans receivable | 3,260 | 4,404 |
Financing Receivables 30 to 89 Days Past Due [Member] | Construction Real Estate [Member] | ||
Loans receivable | 0 | 66 |
Financing Receivables 30 to 89 Days Past Due [Member] | Family Residential Real Estate 1-4 [Member] | ||
Loans receivable | 1,004 | 944 |
Financing Receivables 30 to 89 Days Past Due [Member] | Multifamily [Member] | ||
Loans receivable | 1,290 | 0 |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 226 | 2,362 |
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture Real Estate [Member] | ||
Loans receivable | 196 | 185 |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 471 | 592 |
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture [Member] | ||
Loans receivable | 30 | 218 |
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer and Other [Member] | ||
Loans receivable | 43 | 37 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 886 | 1,451 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Real Estate [Member] | ||
Loans receivable | 66 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Family Residential Real Estate 1-4 [Member] | ||
Loans receivable | 218 | 11 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Multifamily [Member] | ||
Loans receivable | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 0 | 1,399 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Agriculture Real Estate [Member] | ||
Loans receivable | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 3 | 7 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Agriculture [Member] | ||
Loans receivable | 599 | 30 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer and Other [Member] | ||
Loans receivable | 0 | 4 |
Financial Asset, Past Due [Member] | ||
Loans receivable | 4,146 | 5,855 |
Financial Asset, Past Due [Member] | Construction Real Estate [Member] | ||
Loans receivable | 66 | 66 |
Financial Asset, Past Due [Member] | Family Residential Real Estate 1-4 [Member] | ||
Loans receivable | 1,222 | 955 |
Financial Asset, Past Due [Member] | Multifamily [Member] | ||
Loans receivable | 1,290 | 0 |
Financial Asset, Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 226 | 3,761 |
Financial Asset, Past Due [Member] | Agriculture Real Estate [Member] | ||
Loans receivable | 196 | 185 |
Financial Asset, Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 474 | 599 |
Financial Asset, Past Due [Member] | Agriculture [Member] | ||
Loans receivable | 629 | 248 |
Financial Asset, Past Due [Member] | Consumer and Other [Member] | ||
Loans receivable | 43 | 41 |
Financial Asset, Not Past Due [Member] | ||
Loans receivable | 1,243,962 | 1,235,853 |
Financial Asset, Not Past Due [Member] | Construction Real Estate [Member] | ||
Loans receivable | 64,668 | 51,187 |
Financial Asset, Not Past Due [Member] | Family Residential Real Estate 1-4 [Member] | ||
Loans receivable | 279,221 | 284,152 |
Financial Asset, Not Past Due [Member] | Multifamily [Member] | ||
Loans receivable | 191,907 | 185,784 |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 345,421 | 349,524 |
Financial Asset, Not Past Due [Member] | Agriculture Real Estate [Member] | ||
Loans receivable | 161,767 | 159,263 |
Financial Asset, Not Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable | 86,530 | 76,666 |
Financial Asset, Not Past Due [Member] | Agriculture [Member] | ||
Loans receivable | 98,191 | 113,107 |
Financial Asset, Not Past Due [Member] | Consumer and Other [Member] | ||
Loans receivable | $ 16,257 | $ 16,170 |
Note 7 - Loans Receivable an_13
Note 7 - Loans Receivable and Credit Disclosures - Amortized Cost Basis of Term Loans by Year of Origination (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Financing Receivable, Year One | $ 196,032 | $ 196,032 | ||
Financing Receivable, Year Two | 297,989 | 297,989 | ||
Financing Receivable, Year Three | 272,641 | 272,641 | ||
Financing Receivable, Year Four | 224,963 | 224,963 | ||
Financing Receivable, Year Five | 56,837 | 56,837 | ||
Financing Receivable, Prior | 67,636 | 67,636 | ||
Financing Receivable, Revolving | 132,010 | 132,010 | ||
Financing Receivable, Total | 1,248,108 | 1,248,108 | ||
Current-period gross writeoffs, Year One | 0 | |||
Current-period gross writeoffs, Year Two | 74 | |||
Current-period gross writeoffs, Year Three | 90 | |||
Current-period gross writeoffs, Year Four | 33 | |||
Current-period gross writeoffs, Year Five | 0 | |||
Current-period gross writeoffs, Prior | 4 | |||
Current-period gross writeoffs, Revolving | 0 | |||
Current-period gross writeoffs, Total | 0 | $ 9 | 201 | $ 35 |
Pass [Member] | ||||
Financing Receivable, Year One | 171,454 | 171,454 | ||
Financing Receivable, Year Two | 280,032 | 280,032 | ||
Financing Receivable, Year Three | 215,617 | 215,617 | ||
Financing Receivable, Year Four | 194,388 | 194,388 | ||
Financing Receivable, Year Five | 52,469 | 52,469 | ||
Financing Receivable, Prior | 61,210 | 61,210 | ||
Financing Receivable, Revolving | 119,017 | 119,017 | ||
Financing Receivable, Total | 1,094,187 | 1,094,187 | ||
Watch [Member] | ||||
Financing Receivable, Year One | 12,665 | 12,665 | ||
Financing Receivable, Year Two | 5,840 | 5,840 | ||
Financing Receivable, Year Three | 42,965 | 42,965 | ||
Financing Receivable, Year Four | 21,187 | 21,187 | ||
Financing Receivable, Year Five | 1,041 | 1,041 | ||
Financing Receivable, Prior | 5,143 | 5,143 | ||
Financing Receivable, Revolving | 11,051 | 11,051 | ||
Financing Receivable, Total | 99,892 | 99,892 | ||
Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 11,950 | 11,950 | ||
Financing Receivable, Year Four | 3,034 | 3,034 | ||
Financing Receivable, Year Five | 1,052 | 1,052 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 16,036 | 16,036 | ||
Substandard [Member] | ||||
Financing Receivable, Year One | 1,571 | 1,571 | ||
Financing Receivable, Year Two | 12,117 | 12,117 | ||
Financing Receivable, Year Three | 1,075 | 1,075 | ||
Financing Receivable, Year Four | 6,245 | 6,245 | ||
Financing Receivable, Year Five | 33 | 33 | ||
Financing Receivable, Prior | 1,064 | 1,064 | ||
Financing Receivable, Revolving | 1,942 | 1,942 | ||
Financing Receivable, Total | 24,047 | 24,047 | ||
Substandard Impaired [Member] | ||||
Financing Receivable, Year One | 10,342 | 10,342 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 1,034 | 1,034 | ||
Financing Receivable, Year Four | 109 | 109 | ||
Financing Receivable, Year Five | 2,242 | 2,242 | ||
Financing Receivable, Prior | 219 | 219 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 13,946 | 13,946 | ||
Construction Real Estate [Member] | ||||
Financing Receivable, Year One | 28,735 | 28,735 | ||
Financing Receivable, Year Two | 28,615 | 28,615 | ||
Financing Receivable, Year Three | 803 | 803 | ||
Financing Receivable, Year Four | 995 | 995 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 362 | 362 | ||
Financing Receivable, Revolving | 5,224 | 5,224 | ||
Financing Receivable, Total | 64,734 | 64,734 | ||
Current-period gross writeoffs, Year One | 0 | |||
Current-period gross writeoffs, Year Two | 0 | |||
Current-period gross writeoffs, Year Three | 0 | |||
Current-period gross writeoffs, Year Four | 0 | |||
Current-period gross writeoffs, Year Five | 0 | |||
Current-period gross writeoffs, Prior | 0 | |||
Current-period gross writeoffs, Revolving | 0 | |||
Current-period gross writeoffs, Total | 0 | 0 | 0 | 0 |
Construction Real Estate [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 28,654 | 28,654 | ||
Financing Receivable, Year Two | 28,615 | 28,615 | ||
Financing Receivable, Year Three | 803 | 803 | ||
Financing Receivable, Year Four | 781 | 781 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 362 | 362 | ||
Financing Receivable, Revolving | 5,224 | 5,224 | ||
Financing Receivable, Total | 64,439 | 64,439 | ||
Construction Real Estate [Member] | Watch [Member] | ||||
Financing Receivable, Year One | 81 | 81 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 214 | 214 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 295 | 295 | ||
Construction Real Estate [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, Total | 0 | 0 | ||
Construction Real Estate [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, Total | 0 | 0 | ||
Construction Real Estate [Member] | Substandard Impaired [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, Total | 0 | 0 | ||
Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Year One | 20,007 | 20,007 | ||
Financing Receivable, Year Two | 14,259 | 14,259 | ||
Financing Receivable, Year Three | 11,610 | 11,610 | ||
Financing Receivable, Year Four | 3,291 | 3,291 | ||
Financing Receivable, Year Five | 2,610 | 2,610 | ||
Financing Receivable, Prior | 1,833 | 1,833 | ||
Financing Receivable, Revolving | 33,394 | 33,394 | ||
Financing Receivable, Total | 87,004 | 87,004 | ||
Current-period gross writeoffs, Year One | 0 | |||
Current-period gross writeoffs, Year Two | 0 | |||
Current-period gross writeoffs, Year Three | 0 | |||
Current-period gross writeoffs, Year Four | 33 | |||
Current-period gross writeoffs, Year Five | 0 | |||
Current-period gross writeoffs, Prior | 4 | |||
Current-period gross writeoffs, Revolving | 0 | |||
Current-period gross writeoffs, Total | 0 | 2 | 37 | 2 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 18,922 | 18,922 | ||
Financing Receivable, Year Two | 13,789 | 13,789 | ||
Financing Receivable, Year Three | 11,297 | 11,297 | ||
Financing Receivable, Year Four | 2,301 | 2,301 | ||
Financing Receivable, Year Five | 2,508 | 2,508 | ||
Financing Receivable, Prior | 1,609 | 1,609 | ||
Financing Receivable, Revolving | 29,593 | 29,593 | ||
Financing Receivable, Total | 80,019 | 80,019 | ||
Commercial Portfolio Segment [Member] | Watch [Member] | ||||
Financing Receivable, Year One | 987 | 987 | ||
Financing Receivable, Year Two | 200 | 200 | ||
Financing Receivable, Year Three | 307 | 307 | ||
Financing Receivable, Year Four | 470 | 470 | ||
Financing Receivable, Year Five | 102 | 102 | ||
Financing Receivable, Prior | 151 | 151 | ||
Financing Receivable, Revolving | 2,919 | 2,919 | ||
Financing Receivable, Total | 5,136 | 5,136 | ||
Commercial Portfolio Segment [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, Total | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 270 | 270 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 425 | 425 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 882 | 882 | ||
Financing Receivable, Total | 1,577 | 1,577 | ||
Commercial Portfolio Segment [Member] | Substandard Impaired [Member] | ||||
Financing Receivable, Year One | 98 | 98 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 6 | 6 | ||
Financing Receivable, Year Four | 95 | 95 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 73 | 73 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 272 | 272 | ||
Family Residential Real Estate 1-4 [Member] | ||||
Financing Receivable, Year One | 43,903 | 43,903 | ||
Financing Receivable, Year Two | 66,973 | 66,973 | ||
Financing Receivable, Year Three | 72,613 | 72,613 | ||
Financing Receivable, Year Four | 50,711 | 50,711 | ||
Financing Receivable, Year Five | 9,037 | 9,037 | ||
Financing Receivable, Prior | 19,756 | 19,756 | ||
Financing Receivable, Revolving | 17,450 | 17,450 | ||
Financing Receivable, Total | 280,443 | 280,443 | ||
Current-period gross writeoffs, Year One | 0 | |||
Current-period gross writeoffs, Year Two | 0 | |||
Current-period gross writeoffs, Year Three | 0 | |||
Current-period gross writeoffs, Year Four | 0 | |||
Current-period gross writeoffs, Year Five | 0 | |||
Current-period gross writeoffs, Prior | 0 | |||
Current-period gross writeoffs, Revolving | 0 | |||
Current-period gross writeoffs, Total | 0 | 0 | 0 | 10 |
Family Residential Real Estate 1-4 [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 41,845 | 41,845 | ||
Financing Receivable, Year Two | 66,652 | 66,652 | ||
Financing Receivable, Year Three | 60,616 | 60,616 | ||
Financing Receivable, Year Four | 49,423 | 49,423 | ||
Financing Receivable, Year Five | 8,787 | 8,787 | ||
Financing Receivable, Prior | 19,085 | 19,085 | ||
Financing Receivable, Revolving | 17,444 | 17,444 | ||
Financing Receivable, Total | 263,852 | 263,852 | ||
Family Residential Real Estate 1-4 [Member] | Watch [Member] | ||||
Financing Receivable, Year One | 1,919 | 1,919 | ||
Financing Receivable, Year Two | 303 | 303 | ||
Financing Receivable, Year Three | 10,560 | 10,560 | ||
Financing Receivable, Year Four | 1,288 | 1,288 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 463 | 463 | ||
Financing Receivable, Revolving | 6 | 6 | ||
Financing Receivable, Total | 14,539 | 14,539 | ||
Family Residential Real Estate 1-4 [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, Total | 0 | 0 | ||
Family Residential Real Estate 1-4 [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 21 | 21 | ||
Financing Receivable, Year Two | 18 | 18 | ||
Financing Receivable, Year Three | 928 | 928 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 33 | 33 | ||
Financing Receivable, Prior | 62 | 62 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 1,062 | 1,062 | ||
Family Residential Real Estate 1-4 [Member] | Substandard Impaired [Member] | ||||
Financing Receivable, Year One | 118 | 118 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 509 | 509 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 217 | 217 | ||
Financing Receivable, Prior | 146 | 146 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 990 | 990 | ||
Agriculture [Member] | ||||
Financing Receivable, Year One | 13,309 | 13,309 | ||
Financing Receivable, Year Two | 9,412 | 9,412 | ||
Financing Receivable, Year Three | 6,775 | 6,775 | ||
Financing Receivable, Year Four | 3,290 | 3,290 | ||
Financing Receivable, Year Five | 546 | 546 | ||
Financing Receivable, Prior | 964 | 964 | ||
Financing Receivable, Revolving | 64,524 | 64,524 | ||
Financing Receivable, Total | 98,820 | 98,820 | ||
Current-period gross writeoffs, Year One | 0 | |||
Current-period gross writeoffs, Year Two | 74 | |||
Current-period gross writeoffs, Year Three | 90 | |||
Current-period gross writeoffs, Year Four | 0 | |||
Current-period gross writeoffs, Year Five | 0 | |||
Current-period gross writeoffs, Prior | 0 | |||
Current-period gross writeoffs, Revolving | 0 | |||
Current-period gross writeoffs, Total | 0 | 7 | 164 | 7 |
Agriculture [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 10,606 | 10,606 | ||
Financing Receivable, Year Two | 8,921 | 8,921 | ||
Financing Receivable, Year Three | 5,985 | 5,985 | ||
Financing Receivable, Year Four | 3,210 | 3,210 | ||
Financing Receivable, Year Five | 528 | 528 | ||
Financing Receivable, Prior | 770 | 770 | ||
Financing Receivable, Revolving | 58,176 | 58,176 | ||
Financing Receivable, Total | 88,196 | 88,196 | ||
Agriculture [Member] | Watch [Member] | ||||
Financing Receivable, Year One | 2,365 | 2,365 | ||
Financing Receivable, Year Two | 477 | 477 | ||
Financing Receivable, Year Three | 506 | 506 | ||
Financing Receivable, Year Four | 19 | 19 | ||
Financing Receivable, Year Five | 18 | 18 | ||
Financing Receivable, Prior | 194 | 194 | ||
Financing Receivable, Revolving | 5,288 | 5,288 | ||
Financing Receivable, Total | 8,867 | 8,867 | ||
Agriculture [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, Total | 0 | 0 | ||
Agriculture [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 209 | 209 | ||
Financing Receivable, Year Two | 14 | 14 | ||
Financing Receivable, Year Three | 26 | 26 | ||
Financing Receivable, Year Four | 61 | 61 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 1,060 | 1,060 | ||
Financing Receivable, Total | 1,370 | 1,370 | ||
Agriculture [Member] | Substandard Impaired [Member] | ||||
Financing Receivable, Year One | 129 | 129 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 258 | 258 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 387 | 387 | ||
Multifamily [Member] | ||||
Financing Receivable, Year One | 22,138 | 22,138 | ||
Financing Receivable, Year Two | 53,757 | 53,757 | ||
Financing Receivable, Year Three | 56,534 | 56,534 | ||
Financing Receivable, Year Four | 43,404 | 43,404 | ||
Financing Receivable, Year Five | 15,385 | 15,385 | ||
Financing Receivable, Prior | 708 | 708 | ||
Financing Receivable, Revolving | 1,271 | 1,271 | ||
Financing Receivable, Total | 193,197 | 193,197 | ||
Current-period gross writeoffs, Year One | 0 | |||
Current-period gross writeoffs, Year Two | 0 | |||
Current-period gross writeoffs, Year Three | 0 | |||
Current-period gross writeoffs, Year Four | 0 | |||
Current-period gross writeoffs, Year Five | 0 | |||
Current-period gross writeoffs, Prior | 0 | |||
Current-period gross writeoffs, Revolving | 0 | |||
Current-period gross writeoffs, Total | 0 | 0 | 0 | 0 |
Multifamily [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 16,246 | 16,246 | ||
Financing Receivable, Year Two | 52,323 | 52,323 | ||
Financing Receivable, Year Three | 48,280 | 48,280 | ||
Financing Receivable, Year Four | 41,082 | 41,082 | ||
Financing Receivable, Year Five | 13,727 | 13,727 | ||
Financing Receivable, Prior | 708 | 708 | ||
Financing Receivable, Revolving | 1,271 | 1,271 | ||
Financing Receivable, Total | 173,637 | 173,637 | ||
Multifamily [Member] | Watch [Member] | ||||
Financing Receivable, Year One | 4,602 | 4,602 | ||
Financing Receivable, Year Two | 1,434 | 1,434 | ||
Financing Receivable, Year Three | 8,254 | 8,254 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 14,290 | 14,290 | ||
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, Total | 0 | 0 | ||
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 | 2,322 | 2,322 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 2,322 | 2,322 | ||
Multifamily [Member] | Substandard Impaired [Member] | ||||
Financing Receivable, Year One | 1,290 | 1,290 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 1,658 | 1,658 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 2,948 | 2,948 | ||
Consumer and Other [Member] | ||||
Financing Receivable, Year One | 5,637 | 5,637 | ||
Financing Receivable, Year Two | 4,179 | 4,179 | ||
Financing Receivable, Year Three | 2,956 | 2,956 | ||
Financing Receivable, Year Four | 2,216 | 2,216 | ||
Financing Receivable, Year Five | 458 | 458 | ||
Financing Receivable, Prior | 755 | 755 | ||
Financing Receivable, Revolving | 99 | 99 | ||
Financing Receivable, Total | 16,300 | 16,300 | ||
Current-period gross writeoffs, Year One | 0 | |||
Current-period gross writeoffs, Year Two | 0 | |||
Current-period gross writeoffs, Year Three | 0 | |||
Current-period gross writeoffs, Year Four | 0 | |||
Current-period gross writeoffs, Year Five | 0 | |||
Current-period gross writeoffs, Prior | 0 | |||
Current-period gross writeoffs, Revolving | 0 | |||
Current-period gross writeoffs, Total | 0 | 0 | 0 | 16 |
Consumer and Other [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 5,606 | 5,606 | ||
Financing Receivable, Year Two | 4,179 | 4,179 | ||
Financing Receivable, Year Three | 2,956 | 2,956 | ||
Financing Receivable, Year Four | 2,202 | 2,202 | ||
Financing Receivable, Year Five | 458 | 458 | ||
Financing Receivable, Prior | 755 | 755 | ||
Financing Receivable, Revolving | 99 | 99 | ||
Financing Receivable, Total | 16,255 | 16,255 | ||
Consumer and Other [Member] | Watch [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, Total | 0 | 0 | ||
Consumer and Other [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, Total | 0 | 0 | ||
Consumer and Other [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 31 | 31 | ||
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, Total | 31 | 31 | ||
Consumer and Other [Member] | Substandard Impaired [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 14 | 14 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 14 | 14 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Year One | 40,587 | 40,587 | ||
Financing Receivable, Year Two | 87,736 | 87,736 | ||
Financing Receivable, Year Three | 84,984 | 84,984 | ||
Financing Receivable, Year Four | 86,517 | 86,517 | ||
Financing Receivable, Year Five | 22,214 | 22,214 | ||
Financing Receivable, Prior | 15,652 | 15,652 | ||
Financing Receivable, Revolving | 7,957 | 7,957 | ||
Financing Receivable, Total | 345,647 | 345,647 | ||
Current-period gross writeoffs, Year One | 0 | |||
Current-period gross writeoffs, Year Two | 0 | |||
Current-period gross writeoffs, Year Three | 0 | |||
Current-period gross writeoffs, Year Four | 0 | |||
Current-period gross writeoffs, Year Five | 0 | |||
Current-period gross writeoffs, Prior | 0 | |||
Current-period gross writeoffs, Revolving | 0 | |||
Current-period gross writeoffs, Total | 0 | 0 | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 30,337 | 30,337 | ||
Financing Receivable, Year Two | 74,315 | 74,315 | ||
Financing Receivable, Year Three | 51,886 | 51,886 | ||
Financing Receivable, Year Four | 66,712 | 66,712 | ||
Financing Receivable, Year Five | 20,207 | 20,207 | ||
Financing Receivable, Prior | 14,211 | 14,211 | ||
Financing Receivable, Revolving | 5,119 | 5,119 | ||
Financing Receivable, Total | 262,787 | 262,787 | ||
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | ||||
Financing Receivable, Year One | 1,543 | 1,543 | ||
Financing Receivable, Year Two | 3,045 | 3,045 | ||
Financing Receivable, Year Three | 21,045 | 21,045 | ||
Financing Receivable, Year Four | 14,359 | 14,359 | ||
Financing Receivable, Year Five | 588 | 588 | ||
Financing Receivable, Prior | 947 | 947 | ||
Financing Receivable, Revolving | 2,838 | 2,838 | ||
Financing Receivable, Total | 44,365 | 44,365 | ||
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 11,950 | 11,950 | ||
Financing Receivable, Year Four | 3,034 | 3,034 | ||
Financing Receivable, Year Five | 1,052 | 1,052 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 16,036 | 16,036 | ||
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 10,376 | 10,376 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 2,412 | 2,412 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 494 | 494 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 13,282 | 13,282 | ||
Commercial Real Estate Portfolio Segment [Member] | Substandard Impaired [Member] | ||||
Financing Receivable, Year One | 8,707 | 8,707 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 103 | 103 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 367 | 367 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 9,177 | 9,177 | ||
Agriculture Real Estate [Member] | ||||
Financing Receivable, Year One | 21,716 | 21,716 | ||
Financing Receivable, Year Two | 33,058 | 33,058 | ||
Financing Receivable, Year Three | 36,366 | 36,366 | ||
Financing Receivable, Year Four | 34,539 | 34,539 | ||
Financing Receivable, Year Five | 6,587 | 6,587 | ||
Financing Receivable, Prior | 27,606 | 27,606 | ||
Financing Receivable, Revolving | 2,091 | 2,091 | ||
Financing Receivable, Total | 161,963 | 161,963 | ||
Current-period gross writeoffs, Year One | 0 | |||
Current-period gross writeoffs, Year Two | 0 | |||
Current-period gross writeoffs, Year Three | 0 | |||
Current-period gross writeoffs, Year Four | 0 | |||
Current-period gross writeoffs, Year Five | 0 | |||
Current-period gross writeoffs, Prior | 0 | |||
Current-period gross writeoffs, Revolving | 0 | |||
Current-period gross writeoffs, Total | 0 | $ 0 | 0 | $ 0 |
Agriculture Real Estate [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 19,238 | 19,238 | ||
Financing Receivable, Year Two | 31,238 | 31,238 | ||
Financing Receivable, Year Three | 33,794 | 33,794 | ||
Financing Receivable, Year Four | 28,677 | 28,677 | ||
Financing Receivable, Year Five | 6,254 | 6,254 | ||
Financing Receivable, Prior | 23,710 | 23,710 | ||
Financing Receivable, Revolving | 2,091 | 2,091 | ||
Financing Receivable, Total | 145,002 | 145,002 | ||
Agriculture Real Estate [Member] | Watch [Member] | ||||
Financing Receivable, Year One | 1,168 | 1,168 | ||
Financing Receivable, Year Two | 381 | 381 | ||
Financing Receivable, Year Three | 2,293 | 2,293 | ||
Financing Receivable, Year Four | 4,837 | 4,837 | ||
Financing Receivable, Year Five | 333 | 333 | ||
Financing Receivable, Prior | 3,388 | 3,388 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 12,400 | 12,400 | ||
Agriculture Real Estate [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, Total | 0 | 0 | ||
Agriculture Real Estate [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 1,310 | 1,310 | ||
Financing Receivable, Year Two | 1,439 | 1,439 | ||
Financing Receivable, Year Three | 121 | 121 | ||
Financing Receivable, Year Four | 1,025 | 1,025 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 508 | 508 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | 4,403 | 4,403 | ||
Agriculture Real Estate [Member] | Substandard Impaired [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 158 | 158 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, Revolving | 0 | 0 | ||
Financing Receivable, Total | $ 158 | $ 158 |
Note 7 - Loans Receivable an_14
Note 7 - Loans Receivable and Credit Disclosures - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Balance | $ 1,248,108 | $ 1,241,708 |
Pass [Member] | ||
Balance | 794,529 | |
Watch [Member] | ||
Balance | 109,282 | |
Special Mention [Member] | ||
Balance | 116 | |
Substandard [Member] | ||
Balance | 22,903 | |
Substandard Impaired [Member] | ||
Balance | 13,560 | |
Internal Noninvestment Grade [Member] | ||
Balance | 940,390 | |
Construction Real Estate [Member] | ||
Balance | 64,734 | 51,253 |
Construction Real Estate [Member] | Pass [Member] | ||
Balance | 51,253 | |
Construction Real Estate [Member] | Watch [Member] | ||
Balance | 0 | |
Construction Real Estate [Member] | Special Mention [Member] | ||
Balance | 0 | |
Construction Real Estate [Member] | Substandard [Member] | ||
Balance | 0 | |
Construction Real Estate [Member] | Substandard Impaired [Member] | ||
Balance | 0 | |
Construction Real Estate [Member] | Internal Noninvestment Grade [Member] | ||
Balance | 51,253 | |
Multifamily [Member] | ||
Balance | 193,197 | 185,784 |
Multifamily [Member] | Pass [Member] | ||
Balance | 174,048 | |
Multifamily [Member] | Watch [Member] | ||
Balance | 9,344 | |
Multifamily [Member] | Special Mention [Member] | ||
Balance | 0 | |
Multifamily [Member] | Substandard [Member] | ||
Balance | 2,392 | |
Multifamily [Member] | Substandard Impaired [Member] | ||
Balance | 0 | |
Multifamily [Member] | Internal Noninvestment Grade [Member] | ||
Balance | 185,784 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Balance | 345,647 | 353,285 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Balance | 264,898 | |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | ||
Balance | 62,076 | |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Balance | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Balance | 13,458 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Balance | 12,853 | |
Commercial Real Estate Portfolio Segment [Member] | Internal Noninvestment Grade [Member] | ||
Balance | 353,285 | |
Agriculture Real Estate [Member] | ||
Balance | 161,963 | 159,448 |
Agriculture Real Estate [Member] | Pass [Member] | ||
Balance | 136,043 | |
Agriculture Real Estate [Member] | Watch [Member] | ||
Balance | 18,324 | |
Agriculture Real Estate [Member] | Special Mention [Member] | ||
Balance | 0 | |
Agriculture Real Estate [Member] | Substandard [Member] | ||
Balance | 4,916 | |
Agriculture Real Estate [Member] | Substandard Impaired [Member] | ||
Balance | 165 | |
Agriculture Real Estate [Member] | Internal Noninvestment Grade [Member] | ||
Balance | 159,448 | |
Commercial Portfolio Segment [Member] | ||
Balance | 87,004 | 77,265 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Balance | 69,872 | |
Commercial Portfolio Segment [Member] | Watch [Member] | ||
Balance | 5,392 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Balance | 116 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Balance | 1,685 | |
Commercial Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Balance | 200 | |
Commercial Portfolio Segment [Member] | Internal Noninvestment Grade [Member] | ||
Balance | 77,265 | |
Agriculture [Member] | ||
Balance | $ 98,820 | 113,355 |
Agriculture [Member] | Pass [Member] | ||
Balance | 98,415 | |
Agriculture [Member] | Watch [Member] | ||
Balance | 14,146 | |
Agriculture [Member] | Special Mention [Member] | ||
Balance | 0 | |
Agriculture [Member] | Substandard [Member] | ||
Balance | 452 | |
Agriculture [Member] | Substandard Impaired [Member] | ||
Balance | 342 | |
Agriculture [Member] | Internal Noninvestment Grade [Member] | ||
Balance | $ 113,355 |
Note 7 - Loans Receivable an_15
Note 7 - Loans Receivable and Credit Disclosures - Credit Risk Profile Based on Payment Activity (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Financing receivables | $ 301,318 |
Performing Financial Instruments [Member] | |
Financing receivables | 300,492 |
Nonperforming Financial Instruments [Member] | |
Financing receivables | 826 |
Family Residential Real Estate 1-4 [Member] | |
Financing receivables | 285,107 |
Family Residential Real Estate 1-4 [Member] | Performing Financial Instruments [Member] | |
Financing receivables | 284,302 |
Family Residential Real Estate 1-4 [Member] | Nonperforming Financial Instruments [Member] | |
Financing receivables | 805 |
Consumer and Other [Member] | |
Financing receivables | 16,211 |
Consumer and Other [Member] | Performing Financial Instruments [Member] | |
Financing receivables | 16,190 |
Consumer and Other [Member] | Nonperforming Financial Instruments [Member] | |
Financing receivables | $ 21 |
Note 8 - Intangible Assets (Det
Note 8 - Intangible Assets (Details Textual) | Sep. 30, 2023 | Dec. 31, 2022 |
Weighted Average [Member] | ||
Finite-Lived Intangible Asset, Useful Life (Year) | 3 years | 3 years |
Note 8 - Intangible Assets - In
Note 8 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Intangible asset, gross amount | $ 6,946 | $ 6,946 |
Intangible asset, accumulated amortization | 5,403 | 5,015 |
Core Deposits [Member] | ||
Intangible asset, gross amount | 6,411 | 6,411 |
Intangible asset, accumulated amortization | 4,883 | 4,539 |
Customer Lists [Member] | ||
Intangible asset, gross amount | 535 | 535 |
Intangible asset, accumulated amortization | $ 520 | $ 476 |
Note 8 - Intangible Assets - _2
Note 8 - Intangible Assets - Intangible Assets Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Beginning intangible assets, net | $ 1,673 | $ 2,212 | $ 1,931 | $ 2,505 |
Amortization | (130) | (145) | (388) | (438) |
Ending intangible assets, net | $ 1,543 | $ 2,067 | $ 1,543 | $ 2,067 |
Note 8 - Intangible Assets - Es
Note 8 - Intangible Assets - Estimated Remaining Amortization Expense (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
2023 | $ 115 | |||||
2024 | 337 | |||||
2025 | 300 | |||||
2026 | 268 | |||||
2027 | 240 | |||||
2028 | 190 | |||||
After | 93 | |||||
Total | $ 1,543 | $ 1,673 | $ 1,931 | $ 2,067 | $ 2,212 | $ 2,505 |
Note 9 - Pledged Collateral R_3
Note 9 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements - Pledged Collateral at Estimated Fair Value (Details) - Asset Pledged as Collateral [Member] - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Maturity Overnight [Member] | ||
Securities sold under agreements to repurchase | $ 73,273 | |
Maturity Overnight [Member] | US Treasury and Government [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 18,862 | |
Maturity Overnight [Member] | US Government Agencies Debt Securities [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 46,741 | |
Maturity Overnight [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | $ 7,670 | |
Maturity Greater than 90 Days [Member] | ||
Securities sold under agreements to repurchase | $ 60,914 | |
Maturity Greater than 90 Days [Member] | US Treasury and Government [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 12,555 | |
Maturity Greater than 90 Days [Member] | US Government Agencies Debt Securities [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 39,226 | |
Maturity Greater than 90 Days [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | $ 9,133 |
Note 10 - Borrowings (Details T
Note 10 - Borrowings (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | ||||
Aug. 15, 2023 | Jun. 06, 2022 | Sep. 30, 2022 | Sep. 30, 2023 | Dec. 31, 2022 | |
Long-Term Federal Home Loan Bank Advances | $ 19,000 | $ 35,400 | |||
Credit Agreement With Commercial Bank [Member] | |||||
Debt Instrument, Face Amount | $ 400 | ||||
Debt Instrument, Term (Year) | 15 years | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.50% | ||||
Long-Term Debt | 392 | ||||
Promissory Note [Member] | |||||
Debt Instrument, Face Amount | $ 4,000 | ||||
Debt Instrument, Term (Year) | 4 years | ||||
Debt Instrument, Interest Rate, Stated Percentage | 3.35% | ||||
Long-Term Debt | 3,250 | $ 3,700 | |||
Debt Instrument, Periodic Payment, Total | $ 150 | ||||
Bank Term Funding Program (BTFP) [Member] | Federal Reserve Bank Advances [Member] | |||||
Short-Term Debt | $ 83,300 |
Note 11 - Derivative Financia_3
Note 11 - Derivative Financial Instruments (Details Textual) - Fair Value Hedging [Member] - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Interest Rate Swap [Member] | ||
Derivative, Notional Amount | $ 25,000 | |
Collateral Already Posted, Aggregate Fair Value | 700 | $ 1,000 |
Back-to-back Loan Swaps [Member] | ||
Collateral Already Posted, Aggregate Fair Value | $ 415 |
Note 11 - Derivative Financia_4
Note 11 - Derivative Financial Instruments - Fair Value Hedges (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Other Assets [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | $ 34,028 | $ 9,314 |
Interest rate swaps, Fair value | 1,366 | 1,096 |
Customer interest rate swaps | 34,028 | 9,314 |
Customer interest rate swaps, fair value | 1,366 | 1,096 |
Other Assets [Member] | Customer Interest Rate Swaps [Member] | ||
Interest rate swaps | 11,373 | 0 |
Interest rate swaps, Fair value | 199 | 0 |
Customer interest rate swaps | 11,373 | 0 |
Customer interest rate swaps, fair value | $ 199 | $ 0 |
Customer interest rate swaps, receive rate | 7.33% | 0% |
Customer interest rate swaps, pay rate | 5.62% | 0% |
Other Liabilities [Member] | Customer Interest Rate Swaps [Member] | ||
Interest rate swaps | $ 11,373 | $ 0 |
Customer interest rate swaps | $ 11,373 | $ 0 |
Customer interest rate swaps, receive rate | 5.62% | 0% |
Customer interest rate swaps, pay rate | 7.33% | 0% |
Customer interest rate swaps, fair value | $ (199) | $ 0 |
Note 11 - Derivative Financia_5
Note 11 - Derivative Financial Instruments - Carrying Amount of Fair Value Hedge (Details) - Designated as Hedging Instrument [Member] - Interest Rate Swap [Member] - Loans Receivable, Net [Member] - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Carrying amount | $ 58,985 | $ 8,494 |
Cumulative adjustment | $ (1,366) | $ (1,096) |
Note 13 - Commitments, Contin_2
Note 13 - Commitments, Contingencies and Concentrations of Credit Risk (Details Textual) - USD ($) $ in Millions | Sep. 30, 2023 | Jun. 09, 2022 |
Commitment To Remodel Branch in Ames, Iowa [Member] | ||
Other Commitment | $ 0.5 | $ 4 |
Note 14 - Regulatory Matters (D
Note 14 - Regulatory Matters (Details Textual) | Sep. 30, 2023 |
Banking Regulation, Capital Conservation Buffer, Total Risk-Based Capital, Actual | 0.025 |
Note 14 - Regulatory Matters -
Note 14 - Regulatory Matters - Actual Capital Amounts and Ratios (Details) $ in Thousands | Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Capital | $ 217,473 | $ 215,799 |
Capital to risk weighted assets | 0.141 | 0.141 |
Capital required for capital adequacy | $ 161,572 | $ 160,370 |
Capital required for capital adequacy to risk weighted assets | 10.50% | 10.50% |
Tier one risk based capital | $ 200,329 | $ 199,069 |
Tier one risk based capital to risk weighted assets | 0.13 | 0.13 |
Tier one risk based capital required for capital adequacy | $ 130,796 | $ 129,823 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | 8.50% |
Tier one leverage capital | $ 200,329 | $ 199,069 |
Tier one leverage capital to average assets | 0.09 | 0.091 |
Tier one leverage capital required for capital adequacy | $ 88,779 | $ 87,392 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 0.04 | 0.04 |
Common equity tier one capital | $ 200,329 | $ 199,069 |
Common equity tier one risk based capital to risk weighted assets | 0.13 | 0.13 |
Common equity tier one capital required for capital adequacy | $ 107,714 | $ 106,913 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7% | 7% |
Boone Bank and Trust [Member] | ||
Capital | $ 16,212 | $ 15,962 |
Capital to risk weighted assets | 0.137 | 0.129 |
Capital required for capital adequacy | $ 12,381 | $ 12,984 |
Capital required for capital adequacy to risk weighted assets | 10.50% | 10.50% |
Capital required to be well capitalized | $ 11,791 | $ 12,366 |
Capital required to be well capitalized to risk weighted assets | 0.10 | 0.10 |
Tier one risk based capital | $ 15,342 | $ 14,990 |
Tier one risk based capital to risk weighted assets | 0.13 | 0.121 |
Tier one risk based capital required for capital adequacy | $ 10,023 | $ 10,511 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | 8.50% |
Tier one risk based capital required to be well capitalized | $ 9,433 | $ 9,893 |
Tier one risk based capital required to be well capitalized to risk weighted assets | 0.08 | 0.08 |
Tier one leverage capital | $ 15,342 | $ 14,990 |
Tier one leverage capital to average assets | 0.096 | 0.087 |
Tier one leverage capital required for capital adequacy | $ 6,363 | $ 6,868 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 0.04 | 0.04 |
Tier one leverage capital required to be well capitalized | $ 7,954 | $ 8,585 |
Tier one leverage capital required to be well capitalized to average assets | 0.05 | 0.05 |
Common equity tier one capital | $ 15,342 | $ 14,990 |
Common equity tier one risk based capital to risk weighted assets | 0.13 | 0.121 |
Common equity tier one capital required for capital adequacy | $ 8,254 | $ 8,656 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7% | 7% |
Common equity tier one capital required to be well capitalized | $ 7,664 | $ 8,038 |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% |
First National Bank [Member] | Also Conducts Business Out of 3 Full Service Offices in Des Moines Metro Area [Member] | ||
Capital | $ 111,884 | $ 110,887 |
Capital to risk weighted assets | 0.14 | 0.142 |
Capital required for capital adequacy | $ 83,616 | $ 82,089 |
Capital required for capital adequacy to risk weighted assets | 10.50% | 10.50% |
Capital required to be well capitalized | $ 79,635 | $ 78,180 |
Capital required to be well capitalized to risk weighted assets | 0.10 | 0.10 |
Tier one risk based capital | $ 102,720 | $ 101,976 |
Tier one risk based capital to risk weighted assets | 0.129 | 0.13 |
Tier one risk based capital required for capital adequacy | $ 67,689 | $ 66,453 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | 8.50% |
Tier one risk based capital required to be well capitalized | $ 63,708 | $ 62,544 |
Tier one risk based capital required to be well capitalized to risk weighted assets | 0.08 | 0.08 |
Tier one leverage capital | $ 102,720 | $ 101,976 |
Tier one leverage capital to average assets | 0.089 | 0.089 |
Tier one leverage capital required for capital adequacy | $ 46,107 | $ 45,582 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 0.04 | 0.04 |
Tier one leverage capital required to be well capitalized | $ 57,634 | $ 56,978 |
Tier one leverage capital required to be well capitalized to average assets | 0.05 | 0.05 |
Common equity tier one capital | $ 102,720 | $ 101,976 |
Common equity tier one risk based capital to risk weighted assets | 0.129 | 0.13 |
Common equity tier one capital required for capital adequacy | $ 55,744 | $ 54,726 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7% | 7% |
Common equity tier one capital required to be well capitalized | $ 51,762 | $ 50,817 |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% |
Iowa State Savings Bank [Member] | ||
Capital | $ 26,454 | $ 25,398 |
Capital to risk weighted assets | 0.162 | 0.155 |
Capital required for capital adequacy | $ 17,163 | $ 17,210 |
Capital required for capital adequacy to risk weighted assets | 10.50% | 10.50% |
Capital required to be well capitalized | $ 16,346 | $ 16,390 |
Capital required to be well capitalized to risk weighted assets | 0.10 | 0.10 |
Tier one risk based capital | $ 24,508 | $ 24,113 |
Tier one risk based capital to risk weighted assets | 0.15 | 0.147 |
Tier one risk based capital required for capital adequacy | $ 13,894 | $ 13,932 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | 8.50% |
Tier one risk based capital required to be well capitalized | $ 13,077 | $ 13,112 |
Tier one risk based capital required to be well capitalized to risk weighted assets | 0.08 | 0.08 |
Tier one leverage capital | $ 24,508 | $ 24,113 |
Tier one leverage capital to average assets | 0.099 | 0.093 |
Tier one leverage capital required for capital adequacy | $ 9,949 | $ 10,423 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 0.04 | 0.04 |
Tier one leverage capital required to be well capitalized | $ 12,436 | $ 13,029 |
Tier one leverage capital required to be well capitalized to average assets | 0.05 | 0.05 |
Common equity tier one capital | $ 24,508 | $ 24,113 |
Common equity tier one risk based capital to risk weighted assets | 0.15 | 0.147 |
Common equity tier one capital required for capital adequacy | $ 11,442 | $ 11,473 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7% | 7% |
Common equity tier one capital required to be well capitalized | $ 10,625 | $ 10,654 |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% |
Reliance State Bank [Member] | Conducts Business Out of Offices at Story City, Garner, and Kleme, Iowa [Member] | ||
Capital | $ 28,670 | $ 28,385 |
Capital to risk weighted assets | 0.12 | 0.124 |
Capital required for capital adequacy | $ 25,044 | $ 24,103 |
Capital required for capital adequacy to risk weighted assets | 10.50% | 10.50% |
Capital required to be well capitalized | $ 23,851 | $ 22,955 |
Capital required to be well capitalized to risk weighted assets | 0.10 | 0.10 |
Tier one risk based capital | $ 25,974 | $ 25,647 |
Tier one risk based capital to risk weighted assets | 0.109 | 0.112 |
Tier one risk based capital required for capital adequacy | $ 20,273 | $ 19,512 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | 8.50% |
Tier one risk based capital required to be well capitalized | $ 19,081 | $ 18,364 |
Tier one risk based capital required to be well capitalized to risk weighted assets | 0.08 | 0.08 |
Tier one leverage capital | $ 25,974 | $ 25,647 |
Tier one leverage capital to average assets | 0.084 | 0.085 |
Tier one leverage capital required for capital adequacy | $ 12,340 | $ 12,001 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 0.04 | 0.04 |
Tier one leverage capital required to be well capitalized | $ 15,426 | $ 15,001 |
Tier one leverage capital required to be well capitalized to average assets | 0.05 | 0.05 |
Common equity tier one capital | $ 25,974 | $ 25,647 |
Common equity tier one risk based capital to risk weighted assets | 0.109 | 0.112 |
Common equity tier one capital required for capital adequacy | $ 16,696 | $ 16,069 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7% | 7% |
Common equity tier one capital required to be well capitalized | $ 15,503 | $ 14,921 |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% |
State Bank and Trust [Member] | ||
Capital | $ 22,184 | $ 22,011 |
Capital to risk weighted assets | 0.161 | 0.147 |
Capital required for capital adequacy | $ 14,443 | $ 15,716 |
Capital required for capital adequacy to risk weighted assets | 10.50% | 10.50% |
Capital required to be well capitalized | $ 13,755 | $ 14,968 |
Capital required to be well capitalized to risk weighted assets | 0.10 | 0.10 |
Tier one risk based capital | $ 20,700 | $ 20,392 |
Tier one risk based capital to risk weighted assets | 0.15 | 0.136 |
Tier one risk based capital required for capital adequacy | $ 11,692 | $ 12,723 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | 8.50% |
Tier one risk based capital required to be well capitalized | $ 11,004 | $ 11,974 |
Tier one risk based capital required to be well capitalized to risk weighted assets | 0.08 | 0.08 |
Tier one leverage capital | $ 20,700 | $ 20,392 |
Tier one leverage capital to average assets | 0.095 | 0.091 |
Tier one leverage capital required for capital adequacy | $ 8,682 | $ 8,932 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 0.04 | 0.04 |
Tier one leverage capital required to be well capitalized | $ 10,853 | $ 11,165 |
Tier one leverage capital required to be well capitalized to average assets | 0.05 | 0.05 |
Common equity tier one capital | $ 20,700 | $ 20,392 |
Common equity tier one risk based capital to risk weighted assets | 0.15 | 0.136 |
Common equity tier one capital required for capital adequacy | $ 9,629 | $ 10,477 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7% | 7% |
Common equity tier one capital required to be well capitalized | $ 8,941 | $ 9,729 |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% |
United Bank and Trust [Member] | ||
Capital | $ 12,976 | $ 12,633 |
Capital to risk weighted assets | 0.16 | 0.151 |
Capital required for capital adequacy | $ 8,524 | $ 8,759 |
Capital required for capital adequacy to risk weighted assets | 10.50% | 10.50% |
Capital required to be well capitalized | $ 8,119 | $ 8,342 |
Capital required to be well capitalized to risk weighted assets | 0.10 | 0.10 |
Tier one risk based capital | $ 12,003 | $ 11,677 |
Tier one risk based capital to risk weighted assets | 0.148 | 0.14 |
Tier one risk based capital required for capital adequacy | $ 6,901 | $ 7,090 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | 8.50% |
Tier one risk based capital required to be well capitalized | $ 6,495 | $ 6,673 |
Tier one risk based capital required to be well capitalized to risk weighted assets | 0.08 | 0.08 |
Tier one leverage capital | $ 12,003 | $ 11,677 |
Tier one leverage capital to average assets | 0.094 | 0.089 |
Tier one leverage capital required for capital adequacy | $ 5,082 | $ 5,274 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 0.04 | 0.04 |
Tier one leverage capital required to be well capitalized | $ 6,353 | $ 6,592 |
Tier one leverage capital required to be well capitalized to average assets | 0.05 | 0.05 |
Common equity tier one capital | $ 12,003 | $ 11,677 |
Common equity tier one risk based capital to risk weighted assets | 0.148 | 0.14 |
Common equity tier one capital required for capital adequacy | $ 5,683 | $ 5,839 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7% | 7% |
Common equity tier one capital required to be well capitalized | $ 5,277 | $ 5,422 |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% |