Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2022 | Nov. 07, 2022 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001168455 | |
Entity Registrant Name | Plumas Bancorp | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2022 | |
Document Transition Report | false | |
Entity File Number | 000-49883 | |
Entity Incorporation, State or Country Code | CA | |
Entity Tax Identification Number | 75-2987096 | |
Entity Address, Address Line One | 5525 Kietzke Lane, Suite 100 | |
Entity Address, City or Town | Reno | |
Entity Address, State or Province | NV | |
Entity Address, Postal Zip Code | 89511 | |
City Area Code | 775 | |
Local Phone Number | 786-0907 | |
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 | |
Title of 12(b) Security | Common Stock, no par value | |
Trading Symbol | PLBC | |
Security Exchange Name | NASDAQ | |
Entity Common Stock, Shares Outstanding | 5,850,216 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Assets | ||
Cash and cash equivalents | $ 334,124 | $ 380,584 |
Investment securities available for sale | 383,178 | 305,914 |
Loans held for sale | 434 | 31,277 |
Loans, less allowance for loan losses of $10,920 at September 30, 2022 and $10,352 at December 31, 2021 | 849,703 | 829,385 |
Real estate acquired through foreclosure | 369 | 487 |
Premises and equipment, net | 18,133 | 16,424 |
Bank owned life insurance | 15,910 | 15,844 |
Goodwill | 5,502 | 5,502 |
Accrued interest receivable and other assets | 45,718 | 28,657 |
Total assets | 1,653,071 | 1,614,074 |
Deposits: | ||
Non-interest bearing | 795,880 | 736,582 |
Interest bearing | 715,316 | 702,417 |
Total deposits | 1,511,196 | 1,438,999 |
Repurchase agreements | 12,955 | 17,283 |
Accrued interest payable and other liabilities | 12,160 | 13,400 |
Junior subordinated deferrable interest debentures | 10,310 | 10,310 |
Total liabilities | 1,546,621 | 1,479,992 |
Commitments and contingencies (Note 5) | ||
Shareholders’ equity: | ||
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding – 5,848,716 shares at September 30, 2022 and 5,816,991 at December 31, 2021 | 27,240 | 26,801 |
Retained earnings | 121,505 | 105,681 |
Accumulated other comprehensive (loss) income, net | (42,295) | 1,600 |
Total shareholders’ equity | 106,450 | 134,082 |
Total liabilities and shareholders’ equity | $ 1,653,071 | $ 1,614,074 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Loans, allowance for loan losses | $ 10,920 | $ 10,352 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 22,500,000 | 22,500,000 |
Common stock, shares issued (in shares) | 5,848,716 | 5,816,991 |
Common stock, shares outstanding (in shares) | 5,848,716 | 5,816,991 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Interest Income: | ||||
Interest and fees on loans | $ 11,637 | $ 12,384 | $ 32,933 | $ 31,029 |
Interest and fees on loans held for sale | 50 | 219 | 485 | 441 |
Interest on investment securities | 2,552 | 1,157 | 6,024 | 3,103 |
Other | 1,766 | 109 | 2,595 | 213 |
Total interest income | 16,005 | 13,869 | 42,037 | 34,786 |
Interest Expense: | ||||
Interest on deposits | 183 | 228 | 561 | 565 |
Interest on junior subordinated deferrable interest debentures | 89 | 90 | 267 | 255 |
Other | 17 | 1 | 50 | 6 |
Total interest expense | 289 | 319 | 878 | 826 |
Net interest income before provision for loan losses | 15,716 | 13,550 | 41,159 | 33,960 |
Provision | 300 | 250 | 1,000 | 875 |
Net interest income after provision for loan losses | 15,416 | 13,300 | 40,159 | 33,085 |
Non-Interest Income: | ||||
Interchange revenue | 864 | 839 | 2,478 | 2,367 |
Service charges | 666 | 636 | 1,835 | 1,743 |
Gain on sale of loans | 353 | 0 | 2,688 | 591 |
Other | 671 | 526 | 1,867 | 1,530 |
Total non-interest income | 2,554 | 2,001 | 8,868 | 6,231 |
Non-Interest Expenses: | ||||
Salaries and employee benefits | 4,380 | 2,940 | 12,700 | 8,694 |
Occupancy and equipment | 1,220 | 1,043 | 3,468 | 2,838 |
Other | 2,598 | 2,618 | 7,736 | 6,693 |
Total non-interest expenses | 8,198 | 6,601 | 23,904 | 18,225 |
Income before provision for income taxes | 9,772 | 8,700 | 25,123 | 21,091 |
Provision for Income Taxes | 2,544 | 2,122 | 6,497 | 5,585 |
Net income | $ 7,228 | $ 6,578 | $ 18,626 | $ 15,506 |
Basic earnings per share (in dollars per share) | $ 1.24 | $ 1.13 | $ 3.19 | $ 2.87 |
Diluted earnings per share (in dollars per share) | $ 1.23 | $ 1.12 | $ 3.15 | $ 2.83 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Net income | $ 7,228 | $ 6,578 | $ 18,626 | $ 15,506 |
Other comprehensive income: | ||||
Change in net unrealized loss on securities | (23,356) | (2,569) | (63,822) | (4,548) |
Change in unrealized gain on cash flow hedge | 489 | 29 | 1,506 | 418 |
Net unrealized holding loss | (22,867) | (2,540) | (62,316) | (4,130) |
Related tax effect: | ||||
Change in net unrealized loss on securities | 6,904 | 760 | 18,866 | 1,344 |
Change in unrealized gain on cash flow hedge | (145) | (9) | (445) | (123) |
Income tax effect | 6,759 | 751 | 18,421 | 1,221 |
Other comprehensive loss | (16,108) | (1,789) | (43,895) | (2,909) |
Total comprehensive (loss) income | $ (8,880) | $ 4,789 | $ (25,269) | $ 12,597 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock Including Additional Paid in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2020 | 5,182,232 | |||
Balance at Dec. 31, 2020 | $ 7,656 | $ 87,753 | $ 4,745 | $ 100,154 |
Net income | 15,506 | 15,506 | ||
Other comprehensive loss | (2,909) | (2,909) | ||
Cash dividends on common stock | (2,267) | (2,267) | ||
Issuance of common stock (in shares) | 598,020 | |||
Issuance of common stock | $ 18,657 | 18,657 | ||
Exercise of stock options and tax effect (in shares) | 30,304 | |||
Exercise of stock options and tax effect | $ 216 | 216 | ||
Stock-based compensation expense | $ 176 | 176 | ||
Balance (in shares) at Sep. 30, 2021 | 5,810,556 | |||
Balance at Sep. 30, 2021 | $ 26,705 | 100,992 | 1,836 | 129,533 |
Balance (in shares) at Dec. 31, 2021 | 5,816,991 | |||
Balance at Dec. 31, 2021 | $ 26,801 | 105,681 | 1,600 | 134,082 |
Net income | 18,626 | 18,626 | ||
Other comprehensive loss | (43,895) | (43,895) | ||
Cash dividends on common stock | (2,802) | (2,802) | ||
Exercise of stock options and tax effect (in shares) | 30,075 | |||
Exercise of stock options and tax effect | $ 277 | 277 | ||
Stock-based compensation expense | $ 162 | 162 | ||
Issuance of restricted shares (in shares) | 1,650 | |||
Balance (in shares) at Sep. 30, 2022 | 5,848,716 | |||
Balance at Sep. 30, 2022 | $ 27,240 | $ 121,505 | $ (42,295) | $ 106,450 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Cash Flows from Operating Activities: | |||||
Net income | $ 7,228,000 | $ 6,578,000 | $ 18,626,000 | $ 15,506,000 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||
Provision | 300,000 | 250,000 | 1,000,000 | 875,000 | $ 1,125,000 |
Change in deferred loan origination costs/fees, net | (2,188,000) | (1,488,000) | |||
Depreciation and amortization | 1,412,000 | 1,219,000 | |||
Stock-based compensation expense | 162,000 | 176,000 | |||
Amortization of investment security premiums | 860,000 | 832,000 | |||
Provision from change in OREO valuation | 0 | 37,000 | |||
Loss on sale of other vehicles | 54,000 | 0 | |||
Loss on sale of OREO | 5,000 | 0 | |||
Gain on sale of loans held for sale | (353,000) | 0 | (2,688,000) | (591,000) | |
Loans originated for sale | (22,536,000) | (32,726,000) | |||
Proceeds from loan sales | 53,619,000 | 8,254,000 | |||
Earnings on bank-owned life insurance | (281,000) | (279,000) | |||
Decrease (increase) in accrued interest receivable and other assets | 3,615,000 | (2,346,000) | |||
(Decrease) increase in accrued interest payable and other liabilities | (1,240,000) | 1,030,000 | |||
Net cash provided by (used in) operating activities | 50,420,000 | (9,501,000) | |||
Cash Flows from Investing Activities: | |||||
Proceeds from principal repayments from available-for-sale mortgage-backed securities | 23,153,000 | 32,471,000 | |||
Proceeds from matured and called available-for-sale securities | 470,000 | 500,000 | |||
Purchases of available-for-sale securities | (165,385,000) | (133,747,000) | |||
Purchase of FHLB stock | (514,000) | (231,000) | |||
Purchase of FRB stock | (5,000) | (706,000) | |||
Net (increase) decrease in loans | (17,996,000) | 29,340,000 | |||
Cash acquired in acquisition, net of consideration paid | 0 | 23,631,000 | |||
Proceeds from sale of OREO | 113,000 | 56,000 | |||
Proceeds from sale of other vehicles | 445,000 | 180,000 | |||
Proceeds from bank owned life insurance | 215,000 | 0 | |||
Purchase of premises and equipment | (2,720,000) | (190,000) | |||
Net cash used in investing activities | (162,224,000) | (48,696,000) | |||
Cash Flows from Financing Activities: | |||||
Net increase in demand, interest bearing and savings deposits | 81,184,000 | 259,606,000 | |||
Net decrease in time deposits | (8,987,000) | (5,846,000) | |||
Net decrease in securities sold under agreements to repurchase | (4,328,000) | (428,000) | |||
Repayment of FHLB advances | 0 | (5,000,000) | |||
Cash dividends paid on common stock | (2,802,000) | (2,267,000) | |||
Proceeds from exercise of stock options | 277,000 | 216,000 | |||
Net cash provided by financing activities | 65,344,000 | 246,281,000 | |||
(Decrease) increase in cash and cash equivalents | (46,460,000) | 188,084,000 | |||
Cash and Cash Equivalents at Beginning of Year | 380,584,000 | 184,909,000 | 184,909,000 | ||
Cash and Cash Equivalents at End of Period | 334,124,000 | 372,993,000 | 334,124,000 | 372,993,000 | $ 380,584,000 |
Supplemental Disclosure of Cash Flow Information: | |||||
Interest expense | 885,000 | 793,000 | |||
Income taxes | 4,215,000 | 6,885,000 | |||
Assets acquired in acquisition plus goodwill recognized, net | 0 | 204,960,000 | |||
Liabilities assumed in acquisition | 0 | 181,565,000 | |||
Non-Cash Investing Activities: | |||||
Real estate and vehicles acquired through foreclosure | $ 470,000 | $ 431,000 | 470,000 | 431,000 | |
Common stock retired in connection with the exercise of stock options | $ 84,000 | $ 119,000 |
Note 1 - The Business of Plumas
Note 1 - The Business of Plumas Bancorp | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. THE BUSINESS OF PLUMAS BANCORP During 2002, one September 26, 2002. September 28, 2005. The Bank operates twelve July 1, 2021. December 2015 first 2018 |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Consolidation and Basis of Presentation The consolidated financial statements include the accounts of the Company and the consolidated accounts of its wholly-owned subsidiary, Plumas Bank. All significant intercompany balances and transactions have been eliminated. Plumas Statutory Trust I and Trust II are not The accounting and reporting policies of Plumas Bancorp and subsidiary conform with accounting principles generally accepted in the United States of America and prevailing practices within the banking industry. In the opinion of management, the unaudited condensed consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the Company’s financial position at September 30, 2022 three nine December 31, 2021 The unaudited condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting on Form 10 not 2021 10 three nine September 30, 2022 may not S egment Information Management has determined that since all of the banking products and services offered by the Company are available in each branch of the Bank, all branches are located within the same economic environment and management does not No 10 Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, 606” 606, not Most of the Company’s revenue-generating transactions are not 606, not 606 Loans Held for Sale Included in the loan portfolio are loans which are 75% to 90% guaranteed by the Small Business Administration (SBA), US Department of Agriculture Rural Business-Cooperative Service (RBS) and Farm Service Agency (FSA). The guaranteed portion of these loans may third As of September 30, 2022 December 31, 2021 may Goodwill and Other Intangible Assets Goodwill arises from business combinations and is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill acquired in a purchase business combination and determined to have an indefinite useful life is not ten Pending Accounting Pronouncements In June 2016, No. 2016 13, No. 2016 13 1 2 not not No. 2016 13 October 16, 2019, No. 2016 13 December 31, 2022, not No. 2016 13. second 2021 No. 2016 13 |
Note 3 - Investment Securities
Note 3 - Investment Securities Available for Sale | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 3. The amortized cost and estimated fair value of investment securities at September 30, 2022 December 31, 2021 Available-for-Sale September 30, 2022 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Treasury securities $ 9,943 $ - $ (235 ) $ 9,708 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 216,373 - (25,906 ) 190,467 U.S. Government-agencies collateralized by mortgage obligations - commercial 90,345 - (11,562 ) 78,783 Obligations of states and political subdivisions 128,673 - (24,453 ) 104,220 $ 445,334 $ - $ (62,156 ) $ 383,178 Unrealized losses on available-for-sale investment securities totaling $62,156,000 were recorded, net of $18,373,000 in tax benefit, as accumulated other comprehensive loss within shareholders' equity at September 30, 2022 nine September 30, 2022 Available-for-Sale December 31, 2021 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations - residential $ 150,646 $ 1,636 $ (1,248 ) $ 151,034 U.S. Government-agencies collateralized by mortgage obligations - commercial 58,282 11 (1,068 ) 57,225 Obligations of states and political subdivisions 95,320 2,592 (257 ) 97,655 $ 304,248 $ 4,239 $ (2,573 ) $ 305,914 Unrealized gains on available-for-sale investment securities totaling $1,666,000 were recorded, net of $493,000 in tax expense, as accumulated other comprehensive income within shareholders' equity at December 31, 2021 No nine September 30, 2021 There were no nine September 30, 2022 twelve December 31, 2021 September 30, 2022 December 31, 2021 Investment securities with unrealized losses at September 30, 2022 December 31, 2021 September 30, 2022 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Debt securities: U.S. Treasury securities $ 9,708 $ 235 $ - $ - $ 9,708 $ 235 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 158,757 18,387 31,710 7,519 190,467 25,906 U.S. Government-agencies collateralized by mortgage obligations - commercial 51,739 5,705 27,044 5,857 78,783 11,562 Obligations of states and political subdivisions 90,468 17,592 13,752 6,861 104,220 24,453 $ 310,672 $ 41,919 $ 72,506 $ 20,237 $ 383,178 $ 62,156 December 31, 2021 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations -residential $ 70,742 $ 1,076 $ 2,324 $ 172 $ 73,066 $ 1,248 U.S. Government-agencies collateralized by mortgage obligations - commercial 54,214 1,068 - - 54,214 1,068 Obligations of states and political subdivisions 22,434 241 515 16 22,949 257 $ 147,390 $ 2,385 $ 2,839 $ 188 $ 150,229 $ 2,573 At September 30, 2022, twelve twelve September 30, 2022, not not not September 30, 2022 The amortized cost and estimated fair value of investment in debt securities at September 30, 2022 Amortized Cost Estimated Fair Value Within one year $ 731 $ 730 After one year through five years 15,976 15,600 After five years through ten years 11,767 10,940 After ten years 110,142 86,658 Investment securities not due at a single maturity date: Government- agencies commercial mortgage-backed securities 90,345 78,783 Government-sponsored agencies residential mortgage-backed securities 216,373 190,467 $ 445,334 $ 383,178 Expected maturities will differ from contractual maturities because the issuers of the securities may Investment securities with amortized costs totaling $156,024,000 and $134,749,000 and estimated fair values totaling $132,998,000 and $134,791,000 at September 30, 2022 December 31, 2021 |
Note 4 - Loans and the Allowanc
Note 4 - Loans and the Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. Outstanding loans are summarized below, in thousands: September 30, December 31, 2022 2021 Commercial $ 73,227 $ 99,804 Agricultural 124,894 126,456 Real estate – residential 15,999 15,837 Real estate – commercial 457,624 418,609 Real estate – construction and land development 55,511 51,526 Equity lines of credit 34,568 32,793 Auto 91,425 89,046 Other 4,728 4,516 Total loans 857,976 838,587 Deferred loan costs, net 2,647 1,150 Allowance for loan losses (10,920 ) (10,352 ) Total net loans $ 849,703 $ 829,385 Changes in the allowance for loan losses, in thousands, were as follows: September 30, December 31, 2022 2021 Balance, beginning of period $ 10,352 $ 9,902 Provision charged to operations 1,000 1,125 Losses charged to allowance (855 ) (938 ) Recoveries 423 263 Balance, end of period $ 10,920 $ 10,352 The recorded investment in impaired loans totaled $1,354,000 and $4,857,000 at September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 no September 30, 2022 December 31, 2021 nine September 30, 2022 September 30, 2021 three September 30, 2022 2021, nine September 30, 2022 2021 nine September 30, 2022 2021 Included in impaired loans are troubled debt restructurings. The Company evaluates loan extensions or modifications in accordance with FASB ASC 340 10 340 10, The carrying value of troubled debt restructurings at September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 not September 30, 2022 December 31, 2021 There were no troubled debt restructurings that occurred during the nine September 30, 2022 September 30, 2021 twelve nine September 30, 2022 2021 At September 30, 2022 December 31, 2021 $18, 000 three September 30, 2022. three September 30, 2021. $169, 000 nine September 30, 2022 2021 90 September 30, 2022 December 31, 2021 Salaries and employee benefits totaling $769,000 and $866,000 have been deferred as loan origination costs during the three September 30, 2022 2021, nine September 30, 2022 2021 The Company assigns a risk rating to all loans and periodically, but not $100,000 The risk ratings can be grouped into three Special Mention may Substandard not not Doubtful Loans not Purchased Credit Impaired Loans (PCI): Upon the acquisition of Feather River Bancorp the Company acquired loans, for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 Accretable yield, or income expected to be collected, is as follows: (in thousands) Balance at December 31, 2021 $ 28 Additions - Removals 1 (10 ) Accretion (4 ) Balance at September 30, 2022 $ 14 1 The following table shows the loan portfolio allocated by management's internal risk ratings at the dates indicated, in thousands: September 30, 2022 Commercial Credit Exposure Credit Risk Profile by Internally Assigned Grade Grade: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Total Pass $ 70,783 $ 122,006 $ 15,782 $ 453,399 $ 55,428 $ 34,146 $ 751,544 Special Mention 2,378 2,564 - 2,527 - - 7,469 Substandard 66 324 217 1,698 83 422 2,810 Doubtful - - - - - - - Total $ 73,227 $ 124,894 $ 15,999 $ 457,624 $ 55,511 $ 34,568 $ 761,823 December 31, 2021 Commercial Credit Exposure Credit Risk Profile by Internally Assigned Grade Grade: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Total Pass $ 96,052 $ 124,866 $ 15,594 $ 414,175 $ 51,455 $ 32,349 $ 734,491 Special Mention 3,721 1,072 150 62 - - 5,005 Substandard 31 518 93 4,372 71 444 5,529 Doubtful - - - - - - - Total $ 99,804 $ 126,456 $ 15,837 $ 418,609 $ 51,526 $ 32,793 $ 745,025 Consumer Credit Exposure Consumer Credit Exposure Credit Risk Profile Based on Payment Activity Credit Risk Profile Based on Payment Activity September 30, 2022 December 31, 2021 Auto Other Total Auto Other Total Grade: Performing $ 90,776 $ 4,721 $ 95,497 $ 88,525 $ 4,492 $ 93,017 Non-performing 649 7 656 521 24 545 Total $ 91,425 $ 4,728 $ 96,153 $ 89,046 $ 4,516 $ 93,562 The following tables show the allocation of the allowance for loan losses at the dates indicated, in thousands: Nine Months Ended September 30, 2022: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Auto Other Total Allowance for Loan Losses Beginning balance $ 1,074 $ 791 $ 168 $ 4,549 $ 1,325 $ 426 $ 1,911 $ 108 $ 10,352 Charge-offs (169 ) - - (19 ) - - (632 ) (35 ) (855 ) Recoveries 23 - 2 1 - - 388 9 423 Provision (104 ) 215 (36 ) (325 ) 575 216 402 57 1,000 Ending balance $ 824 $ 1,006 $ 134 $ 4,206 $ 1,900 $ 642 $ 2,069 $ 139 $ 10,920 Three Months Ended September 30, 2022: Allowance for Loan Losses Beginning balance $ 902 $ 1,094 $ 139 $ 4,395 $ 1,759 $ 593 $ 1,900 $ 137 $ 10,919 Charge-offs (169 ) - - - - - (213 ) (4 ) (386 ) Recoveries 6 - 1 1 - - 76 3 87 Provision 85 (88 ) (6 ) (190 ) 141 49 306 3 300 Ending balance $ 824 $ 1,006 $ 134 $ 4,206 $ 1,900 $ 642 $ 2,069 $ 139 $ 10,920 Nine Months Ended September 30, 2021: Allowance for Loan Losses Beginning balance $ 950 $ 757 $ 164 $ 5,089 $ 554 $ 499 $ 1,768 $ 121 $ 9,902 Charge-offs (189 ) - - - - - (459 ) (44 ) (692 ) Recoveries 56 - 3 6 - 2 120 33 220 Provision 161 134 (37 ) 150 95 (66 ) 438 - 875 Ending balance $ 978 $ 891 $ 130 $ 5,245 $ 649 $ 435 $ 1,867 $ 110 $ 10,305 Three Months Ended September 30, 2021: Allowance for Loan Losses Beginning balance $ 883 $ 681 $ 131 $ 5,345 $ 606 $ 454 $ 1,910 $ 118 $ 10,128 Charge-offs (28 ) - - - - - (113 ) (7 ) (148 ) Recoveries 10 - 1 3 - - 43 18 75 Provision 113 210 (2 ) (103 ) 43 (19 ) 27 (19 ) 250 Ending balance $ 978 $ 891 $ 130 $ 5,245 $ 649 $ 435 $ 1,867 $ 110 $ 10,305 September 30, 2022: Allowance for Loan Losses Ending balance: individually evaluated for impairment $ - $ - $ 21 $ - $ - $ - $ - $ - $ 21 Ending balance: collectively evaluated for impairment 824 1,006 113 4,206 1,900 642 2,069 139 10,899 Ending balance $ 824 $ 1,006 $ 134 $ 4,206 $ 1,900 $ 642 $ 2,069 $ 139 $ 10,920 Loans Ending balance: individually evaluated for impairment $ - $ 234 $ 683 $ 93 $ 96 $ 248 $ - $ - $ 1,354 Ending balance: collectively evaluated for impairment 73,227 124,660 15,316 457,531 55,415 34,320 91,425 4,728 856,622 Ending balance $ 73,227 $ 124,894 $ 15,999 $ 457,624 $ 55,511 $ 34,568 $ 91,425 $ 4,728 $ 857,976 December 31, 2021: Allowance for Loan Losses Ending balance: individually evaluated for impairment $ - $ - $ 23 $ - $ 5 $ - $ - $ - $ 28 Ending balance: collectively evaluated for impairment 1,074 791 145 4,549 1,320 426 1,911 108 10,324 Ending Balance $ 1,074 $ 791 $ 168 $ 4,549 $ 1,325 $ 426 $ 1,911 $ 108 $ 10,352 Loans Ending balance: individually evaluated for impairment $ - $ 238 $ 557 $ 3,697 $ 102 $ 263 $ - $ - $ 4,857 Ending balance: collectively evaluated for impairment 99,804 126,218 15,280 414,912 51,424 32,530 89,046 4,516 833,730 Ending balance $ 99,804 $ 126,456 $ 15,837 $ 418,609 $ 51,526 $ 32,793 $ 89,046 $ 4,516 $ 838,587 The following table shows an aging analysis of the loan portfolio by the time past due, in thousands: Total September 30, 2022 90 Days Past Due 30-89 Days and Still and Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 404 $ - $ 1 $ 405 $ 72,822 $ 73,227 Agricultural 206 - - 206 124,688 124,894 Real estate – residential 63 - 217 280 15,719 15,999 Real estate – commercial 45 - 105 150 457,474 457,624 Real estate - construction & land 190 - 83 273 55,238 55,511 Equity Lines of Credit 277 - 423 700 33,868 34,568 Auto 1,842 - 649 2,491 88,934 91,425 Other 13 - 7 20 4,708 4,728 Total $ 3,040 $ - $ 1,485 $ 4,525 $ 853,451 $ 857,976 Total December 31, 2021 90 Days Past Due 30-89 Days and Still and Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 705 $ - $ - $ 705 $ 99,099 $ 99,804 Agricultural 345 - - 345 126,111 126,456 Real estate – residential 150 - 93 243 15,594 15,837 Real estate - commercial 68 - 3,710 3,778 414,831 418,609 Real estate - construction & land - - 71 71 51,455 51,526 Equity Lines of Credit 450 - 444 894 31,899 32,793 Auto 1,679 - 521 2,200 86,846 89,046 Other 122 - 24 146 4,370 4,516 Total $ 3,519 $ - $ 4,863 $ 8,382 $ 830,205 $ 838,587 The following tables show information related to impaired loans at September 30, 2022 Unpaid Average Interest Recorded Principal Related Recorded Income As of September 30, 2022: Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural 234 234 - 236 14 Real estate – residential 514 542 - 514 22 Real estate – commercial 93 107 - 95 - Real estate – construction & land 96 96 - 99 5 Equity Lines of Credit 248 299 - 255 - Auto - - - - - Other - - - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural - - - - - Real estate – residential 169 169 21 170 5 Real estate – commercial - - - - - Real estate – construction & land - - - - - Equity Lines of Credit - - - - - Auto - - - - - Other - - - - - Total: Commercial $ - $ - $ - $ - $ - Agricultural 234 234 - 236 14 Real estate – residential 683 711 21 684 27 Real estate – commercial 93 107 - 95 - Real estate – construction & land 96 96 - 99 5 Equity Lines of Credit 248 299 - 255 - Auto - - - - - Other - - - - - Total $ 1,354 $ 1,447 $ 21 $ 1,369 $ 46 The following tables show information related to impaired loans at December 31, 2021 Unpaid Average Interest Recorded Principal Related Recorded Income As of December 31, 2021: Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural 238 238 - 241 18 Real estate – residential 386 399 - 387 29 Real estate – commercial 3,697 3,834 - 2,188 - Real estate – construction & land - - - - - Equity Lines of Credit 263 304 - 275 - Auto - - - - - Other - - - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural - - - - - Real estate – residential 171 171 23 173 7 Real estate – commercial - - - - - Real estate – construction & land 102 102 5 105 6 Equity Lines of Credit - - - - - Auto - - - - - Other - - - - - Total: Commercial $ - $ - $ - $ - $ - Agricultural 238 238 - 241 18 Real estate – residential 557 570 23 560 36 Real estate – commercial 3,697 3,834 - 2,188 - Real estate – construction & land 102 102 5 105 6 Equity Lines of Credit 263 304 - 275 - Auto - - - - - Other - - - - - Total $ 4,857 $ 5,048 $ 28 $ 3,369 $ 60 |
Note 5 - Commitments and Contin
Note 5 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 5. The Company is party to claims and legal proceedings arising in the ordinary course of business. In the opinion of the Company’s management, the amount of ultimate liability with respect to such proceedings will not In the normal course of business, there are various outstanding commitments to extend credit, which are not September 30, 2022 December 31, 2021 Of the loan commitments outstanding at September 30, 2022 twelve not may Stand-by letters of credit are conditional commitments written to guarantee the performance of a customer to a third not December 31, 2021 |
Note 6 - Earnings Per Share
Note 6 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 6. Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, result in the issuance of common stock which shares in the earnings of the Company. The treasury stock method has been applied to determine the dilutive effect of stock options in computing diluted earnings per share. For the Three Months Ended For the Nine Months Ended September 30, September 30, (In thousands, except per share data) 2022 2021 2022 2021 Net Income: Net income $ 7,228 $ 6,578 $ 18,626 $ 15,506 Earnings Per Share: Basic earnings per share $ 1.24 $ 1.13 $ 3.19 $ 2.87 Diluted earnings per share $ 1.23 $ 1.12 $ 3.15 $ 2.83 Weighted Average Number of Shares Outstanding: Basic shares 5,845 5,800 5,837 5,397 Diluted shares 5,895 5,885 5,911 5,477 Shares of common stock issuable under stock options for which the exercise prices were greater than the average market prices were not not not three nine September 30, 2022 three nine September 30, 2021, |
Note 7 - Stock-based Compensati
Note 7 - Stock-based Compensation | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | 7. In May 2013, 2013 2013 may not nine not ten 2022 no may 2013 In May 2022, 2022 “2022 2013 2022 2022 may 2022 No options were granted during the nine September 30, 2021. three nine September 30, 2022, 2022 The fair value of each option granted in 2022 2022 Expected life of stock options (in years) 6.1 Risk free interest rate 2.96 % Annualized Volatility 31.8 % Dividend yields 2.06 % Weighted-average fair value of options granted during the nine months ended September 30, 2022 $ 8.85 The Company determines the fair value of options on the date of grant using a Black-Scholes-Merton option pricing model that uses assumptions based on expected option life, expected stock volatility and the risk-free interest rate. The expected volatility assumptions used by the Company are based on the historical volatility of the Company’s common stock over the most recent period commensurate with the estimated expected life of the Company’s stock options. The Company bases its expected life assumption on its historical experience and on the terms and conditions of the stock options it grants to employees. The risk-free rate is based on the U.S. Treasury yield curve for the periods within the contractual life of the options in effect at the time of the grant. A summary of the activity within the 2013 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term in Years Intrinsic Value Options outstanding at January 1, 2022 223,617 $ 19.71 Options cancelled - - Options exercised (32,200 ) 11.20 Options outstanding at September 30, 2022 191,417 $ 21.15 4.2 $ 1,382,031 Options exercisable at September 30, 2022 131,717 $ 20.91 3.8 $ 982,609 Expected to vest after September 30, 2022 52,375 $ 21.66 5.0 $ 351,533 A summary of the activity within the 2022 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term in Years Intrinsic Value Options outstanding at January 1, 2022 - - Options granted 117,200 $ 31.00 Options outstanding at September 30, 2022 117,200 $ 31.00 9.6 $ 0 Options exercisable at September 30, 2022 - - - - Expected to vest after September 30, 2022 102,820 $ 31.00 9.6 $ 0 As of September 30, 2022 2013 September 30, 2022 2022 The total fair value of options vested during the nine September 30, 2022 2021 nine September 30, 2022 2021 Compensation cost related to stock options recognized in operating results under the stock option plans was $153,000 and $176,000 for the nine September 30, 2022 2021 nine September 30, 2022 2021 three September 30, 2022 2021, three September 30, 2022 2021, Cash received from option exercises under the 2013 nine September 30, 2022 2021 nine September 30, 2022 2021 During the three September 30, 2022 one three September 30, 2022 September 30, 2022 |
Note 8 - Income Taxes
Note 8 - Income Taxes | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 8. The Company files its income taxes on a consolidated basis with its subsidiary. Income tax expense is the total of current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the tax consequences of temporary differences between the reported amount of assets and liabilities and their tax bases. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. A valuation allowance is recognized if, based on the weight of available evidence, management believes it is more likely than not not When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not not not 50 Interest expense and penalties associated with unrecognized tax benefits, if any, are classified as income tax expense in the consolidated statements of income. There have been no nine September 30, 2022 |
Note 9 - Fair Value Measurement
Note 9 - Fair Value Measurement | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 9. The Company measures fair value under the fair value hierarchy described below. Level 1: Level 2: not Level 3: one not may In certain cases, the inputs used to measure fair value may Management monitors the availability of observable market data to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model-based valuation techniques may one Management evaluates the significance of transfers between levels based upon the nature of the financial instrument and size of the transfer relative to total assets, total liabilities or total earnings. Fair Value of Financial Instruments The carrying amounts and estimated fair values of financial instruments, at September 30, 2022 Fair Value Measurements at September 30, 2022, Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 334,124 $ 334,124 $ - $ - $ 334,124 Investment securities 383,178 - 383,178 - 383,178 Interest rate swaps 2,112 - 2,112 - 2,112 Loans held for sale 434 - 434 - 434 Loans, net 849,703 - - 809,687 809,687 FHLB stock 4,964 - - - N/A FRB Stock 1,363 - - - N/A Accrued interest receivable 6,594 242 1,955 4,397 6,594 Financial liabilities: Deposits 1,511,196 1,455,821 55,151 - 1,510,972 Repurchase agreements 12,955 - 12,955 - 12,955 Junior subordinated deferrable interest debentures 10,310 - - 9,155 9,155 Accrued interest payable 71 9 43 19 71 The carrying amounts and estimated fair values of financial instruments, at December 31, 2021 Fair Value Measurements at December 31, 2021 Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 380,584 $ 380,584 $ - $ - $ 380,584 Investment securities 305,914 - 305,914 - 305,914 Interest rate swaps 607 - 607 - 607 Loans held for sale 31,277 - 33,284 - 33,284 Loans, net 829,385 - - 844,764 844,764 FHLB stock 4,450 - - - N/A FRB Stock 1,358 - - - N/A Accrued interest receivable 5,800 3 1,082 4,715 5,800 Financial liabilities: Deposits 1,438,999 1,374,637 65,398 - 1,440,035 Repurchase agreements 17,283 - 17,283 - 17,283 Junior subordinated deferrable interest debentures 10,310 - - 7,342 7,342 Accrued interest payable 78 9 56 13 78 Because no 3. These estimates do not one not The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring and non-recurring basis as of September 30, 2022 December 31, 2021 Assets and liabilities measured at fair value on a recurring basis at September 30, 2022 Fair Value Measurements at September 30, 2022 Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total Fair Value (Level 1) (Level 2) (Level 3) Assets: U.S. Treasury securities $ 9,708 $ - $ 9,708 $ - U.S. Government-sponsored agencies collateralized by mortgage obligations- residential 190,467 - 190,467 - U.S. Government agencies collateralized by mortgage obligations-commercial 78,783 - 78,783 - Obligations of states and political subdivisions 104,220 - 104,220 - Interest rate swaps 2,112 - 2,112 - $ 385,290 $ - $ 385,290 $ - Assets and liabilities measured at fair value on a recurring basis at December 31, 2021 Fair Value Measurements at December 31, 2021 Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total Fair Value (Level 1) (Level 2) (Level 3) Assets: U.S. Government-sponsored agencies collateralized by mortgage obligations - residential $ 151,034 $ - $ 151,034 $ - U.S. Government agencies collateralized by mortgage obligations-commercial 57,225 - 57,225 - Obligations of states and political subdivisions 97,655 - 97,655 - Interest rate swaps 607 - 607 - $ 306,521 $ - $ 306,521 $ - The fair value of securities available-for-sale equals quoted market price, if available. If quoted market prices are not no 2022 2021 Assets and liabilities measured at fair value on a non-recurring basis at September 30, 2022 Fair Value Measurements at September 30, 2022 Using Quoted Prices in Total Active Significant Losses Markets for Other Significant Nine Months Identical Observable Unobservable Ended Assets Inputs Inputs September 30, Total Fair Value (Level 1) (Level 2) (Level 3) 2022 Assets: Other real estate: Real estate – commercial $ 369 $ - $ - $ 369 $ - Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2021 Fair Value Measurements at December 31, 2021 Using Quoted Prices in Total Active Significant Losses Markets for Other Significant Nine Months Identical Observable Unobservable Ended Total Assets Inputs Inputs September 30, Fair Value (Level 1) (Level 2) (Level 3) 2021 Assets: Other real estate: Real estate – commercial $ 487 - - $ 487 37 The Company has no The following methods were used to estimate fair value. Other Real Estate: third 3 Appraisals for other real estate are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of the Loan Administration Department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. On a quarterly basis, the Company compares the actual selling price of similar collateral that has been liquidated to the most recent appraised value for unsold properties to determine what additional adjustment, if any, should be made to the appraisal value to arrive at fair value. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. The following table presents quantitative information about Level 3 September 30, 2022 December 31, 2021 Fair Value Fair Value Valuation Range (Weighted Average) Range (Weighted Average) Description 9/30/2022 12/31/2021 Technique Significant Unobservable Input 9/30/2022 12/31/2021 Other Real Estate: RE – Commercial $ 369 $ 487 Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 0% 9% (3 %) 17% 51% (37 %) |
Note 10 - Business Combinations
Note 10 - Business Combinations - Acquisition of Feather River Bancorp, Inc. | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 10. On July 1, 2021, March 10, 2021 ( As part of its business strategy, the Company regularly reviews its business strategies and opportunities to enhance the value of its franchise, including through acquisitions. The Transaction is consistent with the Company’s business strategy, which will ( 1 2 3 Pursuant to the terms of the definitive merger agreement between the Company and FRB, each issued and outstanding share of common stock of FRB (the “Common Shares”), was converted into the right to receive, at the election of each holder of Common Shares, either (i) shares of common stock of the Company (“Plumas Common Stock”) or (ii) cash (the “Merger Consideration”). Shareholder elections were subject to proration such that aggregate Merger Consideration payable by the Company was comprised of (i) $4,738,583 in cash (the “Aggregate Cash Amount”) and (ii) 598,020 shares of Plumas Common Stock (the “Aggregate Plumas Share Amount”). Holders of Common Shares received either $19.14 in cash or 0.614 shares of Plumas Common Stock. The value of the total deal consideration was approximately $23.4 million, which is based upon the volume-weighted average trading price of Plumas common stock for the 10 July 1, 2021, Immediately after the Transaction, the newly combined company, operating as Plumas Bancorp with its banking subsidiary, Plumas Bank, had total assets of approximately $1.5 billion. The following table reflects the estimated fair values of the assets acquired and liabilities assumed related to the FRB Acquisition as of July 1, 2021 ( Assets: Cash and cash equivalents $ 28,369 Loans 160,409 Core deposit intangible 1,037 Goodwill 5,502 Bank premises and equipment 2,657 Right of use asset 2,359 Other assets 4,627 Total assets acquired $ 204,960 Liabilities: Deposits: Non-interest bearing $ 89,479 Interest bearing: Savings accounts 9,353 Money market accounts 45,600 Time accounts 32,279 Total deposits 176,711 Lease Liabilities 2,359 Deferred tax liability 402 Other liabilities 2,093 Total liabilities assumed $ 181,565 Merger consideration (cash payments of $ 4.7 18.7 $ 23,395 The following table presents the net assets acquired from FRB and the estimated fair value adjustments as of July 1, 2021 ( Book value of net assets acquired from FRB $ 16,292 Fair value adjustments: Loans 2,453 Bank premises and equipment (1,218 ) Right of use asset 2,359 Lease liability (2,359 ) Core deposit intangible asset 1,037 Total purchase accounting adjustments $ 2,272 Deferred tax liabilities (tax effect of purchase accounting adjustments at 29.56%) (671 ) Fair value of net assets acquired from FRB $ 17,893 Merger consideration 23,395 Less: fair value of net assets acquired from FRB (17,893 ) Goodwill 5,502 As a result of the Acquisition, we recorded $5.5 million in goodwill, which represents the excess of the total purchase price paid over the fair value of the assets acquired, net of the fair values of liabilities assumed. Goodwill mainly reflects expected value created through the combined operations of Plumas Bank and Bank of Feather River. Goodwill arising from the acquisition consists largely of the synergies and economies of scale expected from combining the operations into Plumas Bank. None |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Consolidation and Basis of Presentation The consolidated financial statements include the accounts of the Company and the consolidated accounts of its wholly-owned subsidiary, Plumas Bank. All significant intercompany balances and transactions have been eliminated. Plumas Statutory Trust I and Trust II are not The accounting and reporting policies of Plumas Bancorp and subsidiary conform with accounting principles generally accepted in the United States of America and prevailing practices within the banking industry. In the opinion of management, the unaudited condensed consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the Company’s financial position at September 30, 2022 three nine December 31, 2021 The unaudited condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting on Form 10 not 2021 10 three nine September 30, 2022 may not |
Segment Reporting, Policy [Policy Text Block] | S egment Information Management has determined that since all of the banking products and services offered by the Company are available in each branch of the Bank, all branches are located within the same economic environment and management does not No 10 |
Revenue [Policy Text Block] | Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, 606” 606, not Most of the Company’s revenue-generating transactions are not 606, not 606 |
Loans Held-for-sale, Policy [Policy Text Block] | Loans Held for Sale Included in the loan portfolio are loans which are 75% to 90% guaranteed by the Small Business Administration (SBA), US Department of Agriculture Rural Business-Cooperative Service (RBS) and Farm Service Agency (FSA). The guaranteed portion of these loans may third As of September 30, 2022 December 31, 2021 may |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Other Intangible Assets Goodwill arises from business combinations and is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill acquired in a purchase business combination and determined to have an indefinite useful life is not ten |
New Accounting Pronouncements, Policy [Policy Text Block] | Pending Accounting Pronouncements In June 2016, No. 2016 13, No. 2016 13 1 2 not not No. 2016 13 October 16, 2019, No. 2016 13 December 31, 2022, not No. 2016 13. second 2021 No. 2016 13 |
Note 3 - Investment Securitie_2
Note 3 - Investment Securities Available for Sale (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] | Available-for-Sale September 30, 2022 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Treasury securities $ 9,943 $ - $ (235 ) $ 9,708 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 216,373 - (25,906 ) 190,467 U.S. Government-agencies collateralized by mortgage obligations - commercial 90,345 - (11,562 ) 78,783 Obligations of states and political subdivisions 128,673 - (24,453 ) 104,220 $ 445,334 $ - $ (62,156 ) $ 383,178 Available-for-Sale December 31, 2021 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations - residential $ 150,646 $ 1,636 $ (1,248 ) $ 151,034 U.S. Government-agencies collateralized by mortgage obligations - commercial 58,282 11 (1,068 ) 57,225 Obligations of states and political subdivisions 95,320 2,592 (257 ) 97,655 $ 304,248 $ 4,239 $ (2,573 ) $ 305,914 |
Schedule of Unrealized Loss on Investments [Table Text Block] | September 30, 2022 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Debt securities: U.S. Treasury securities $ 9,708 $ 235 $ - $ - $ 9,708 $ 235 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 158,757 18,387 31,710 7,519 190,467 25,906 U.S. Government-agencies collateralized by mortgage obligations - commercial 51,739 5,705 27,044 5,857 78,783 11,562 Obligations of states and political subdivisions 90,468 17,592 13,752 6,861 104,220 24,453 $ 310,672 $ 41,919 $ 72,506 $ 20,237 $ 383,178 $ 62,156 December 31, 2021 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations -residential $ 70,742 $ 1,076 $ 2,324 $ 172 $ 73,066 $ 1,248 U.S. Government-agencies collateralized by mortgage obligations - commercial 54,214 1,068 - - 54,214 1,068 Obligations of states and political subdivisions 22,434 241 515 16 22,949 257 $ 147,390 $ 2,385 $ 2,839 $ 188 $ 150,229 $ 2,573 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Cost Estimated Fair Value Within one year $ 731 $ 730 After one year through five years 15,976 15,600 After five years through ten years 11,767 10,940 After ten years 110,142 86,658 Investment securities not due at a single maturity date: Government- agencies commercial mortgage-backed securities 90,345 78,783 Government-sponsored agencies residential mortgage-backed securities 216,373 190,467 $ 445,334 $ 383,178 |
Note 4 - Loans and the Allowa_2
Note 4 - Loans and the Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, December 31, 2022 2021 Commercial $ 73,227 $ 99,804 Agricultural 124,894 126,456 Real estate – residential 15,999 15,837 Real estate – commercial 457,624 418,609 Real estate – construction and land development 55,511 51,526 Equity lines of credit 34,568 32,793 Auto 91,425 89,046 Other 4,728 4,516 Total loans 857,976 838,587 Deferred loan costs, net 2,647 1,150 Allowance for loan losses (10,920 ) (10,352 ) Total net loans $ 849,703 $ 829,385 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | September 30, December 31, 2022 2021 Balance, beginning of period $ 10,352 $ 9,902 Provision charged to operations 1,000 1,125 Losses charged to allowance (855 ) (938 ) Recoveries 423 263 Balance, end of period $ 10,920 $ 10,352 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | (in thousands) Balance at December 31, 2021 $ 28 Additions - Removals 1 (10 ) Accretion (4 ) Balance at September 30, 2022 $ 14 |
Financing Receivable Credit Quality Indicators [Table Text Block] | September 30, 2022 Commercial Credit Exposure Credit Risk Profile by Internally Assigned Grade Grade: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Total Pass $ 70,783 $ 122,006 $ 15,782 $ 453,399 $ 55,428 $ 34,146 $ 751,544 Special Mention 2,378 2,564 - 2,527 - - 7,469 Substandard 66 324 217 1,698 83 422 2,810 Doubtful - - - - - - - Total $ 73,227 $ 124,894 $ 15,999 $ 457,624 $ 55,511 $ 34,568 $ 761,823 December 31, 2021 Commercial Credit Exposure Credit Risk Profile by Internally Assigned Grade Grade: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Total Pass $ 96,052 $ 124,866 $ 15,594 $ 414,175 $ 51,455 $ 32,349 $ 734,491 Special Mention 3,721 1,072 150 62 - - 5,005 Substandard 31 518 93 4,372 71 444 5,529 Doubtful - - - - - - - Total $ 99,804 $ 126,456 $ 15,837 $ 418,609 $ 51,526 $ 32,793 $ 745,025 |
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block] | Nine Months Ended September 30, 2022: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Auto Other Total Allowance for Loan Losses Beginning balance $ 1,074 $ 791 $ 168 $ 4,549 $ 1,325 $ 426 $ 1,911 $ 108 $ 10,352 Charge-offs (169 ) - - (19 ) - - (632 ) (35 ) (855 ) Recoveries 23 - 2 1 - - 388 9 423 Provision (104 ) 215 (36 ) (325 ) 575 216 402 57 1,000 Ending balance $ 824 $ 1,006 $ 134 $ 4,206 $ 1,900 $ 642 $ 2,069 $ 139 $ 10,920 Three Months Ended September 30, 2022: Allowance for Loan Losses Beginning balance $ 902 $ 1,094 $ 139 $ 4,395 $ 1,759 $ 593 $ 1,900 $ 137 $ 10,919 Charge-offs (169 ) - - - - - (213 ) (4 ) (386 ) Recoveries 6 - 1 1 - - 76 3 87 Provision 85 (88 ) (6 ) (190 ) 141 49 306 3 300 Ending balance $ 824 $ 1,006 $ 134 $ 4,206 $ 1,900 $ 642 $ 2,069 $ 139 $ 10,920 Nine Months Ended September 30, 2021: Allowance for Loan Losses Beginning balance $ 950 $ 757 $ 164 $ 5,089 $ 554 $ 499 $ 1,768 $ 121 $ 9,902 Charge-offs (189 ) - - - - - (459 ) (44 ) (692 ) Recoveries 56 - 3 6 - 2 120 33 220 Provision 161 134 (37 ) 150 95 (66 ) 438 - 875 Ending balance $ 978 $ 891 $ 130 $ 5,245 $ 649 $ 435 $ 1,867 $ 110 $ 10,305 Three Months Ended September 30, 2021: Allowance for Loan Losses Beginning balance $ 883 $ 681 $ 131 $ 5,345 $ 606 $ 454 $ 1,910 $ 118 $ 10,128 Charge-offs (28 ) - - - - - (113 ) (7 ) (148 ) Recoveries 10 - 1 3 - - 43 18 75 Provision 113 210 (2 ) (103 ) 43 (19 ) 27 (19 ) 250 Ending balance $ 978 $ 891 $ 130 $ 5,245 $ 649 $ 435 $ 1,867 $ 110 $ 10,305 September 30, 2022: Allowance for Loan Losses Ending balance: individually evaluated for impairment $ - $ - $ 21 $ - $ - $ - $ - $ - $ 21 Ending balance: collectively evaluated for impairment 824 1,006 113 4,206 1,900 642 2,069 139 10,899 Ending balance $ 824 $ 1,006 $ 134 $ 4,206 $ 1,900 $ 642 $ 2,069 $ 139 $ 10,920 Loans Ending balance: individually evaluated for impairment $ - $ 234 $ 683 $ 93 $ 96 $ 248 $ - $ - $ 1,354 Ending balance: collectively evaluated for impairment 73,227 124,660 15,316 457,531 55,415 34,320 91,425 4,728 856,622 Ending balance $ 73,227 $ 124,894 $ 15,999 $ 457,624 $ 55,511 $ 34,568 $ 91,425 $ 4,728 $ 857,976 December 31, 2021: Allowance for Loan Losses Ending balance: individually evaluated for impairment $ - $ - $ 23 $ - $ 5 $ - $ - $ - $ 28 Ending balance: collectively evaluated for impairment 1,074 791 145 4,549 1,320 426 1,911 108 10,324 Ending Balance $ 1,074 $ 791 $ 168 $ 4,549 $ 1,325 $ 426 $ 1,911 $ 108 $ 10,352 Loans Ending balance: individually evaluated for impairment $ - $ 238 $ 557 $ 3,697 $ 102 $ 263 $ - $ - $ 4,857 Ending balance: collectively evaluated for impairment 99,804 126,218 15,280 414,912 51,424 32,530 89,046 4,516 833,730 Ending balance $ 99,804 $ 126,456 $ 15,837 $ 418,609 $ 51,526 $ 32,793 $ 89,046 $ 4,516 $ 838,587 |
Financing Receivable, Past Due [Table Text Block] | Total September 30, 2022 90 Days Past Due 30-89 Days and Still and Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 404 $ - $ 1 $ 405 $ 72,822 $ 73,227 Agricultural 206 - - 206 124,688 124,894 Real estate – residential 63 - 217 280 15,719 15,999 Real estate – commercial 45 - 105 150 457,474 457,624 Real estate - construction & land 190 - 83 273 55,238 55,511 Equity Lines of Credit 277 - 423 700 33,868 34,568 Auto 1,842 - 649 2,491 88,934 91,425 Other 13 - 7 20 4,708 4,728 Total $ 3,040 $ - $ 1,485 $ 4,525 $ 853,451 $ 857,976 Total December 31, 2021 90 Days Past Due 30-89 Days and Still and Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 705 $ - $ - $ 705 $ 99,099 $ 99,804 Agricultural 345 - - 345 126,111 126,456 Real estate – residential 150 - 93 243 15,594 15,837 Real estate - commercial 68 - 3,710 3,778 414,831 418,609 Real estate - construction & land - - 71 71 51,455 51,526 Equity Lines of Credit 450 - 444 894 31,899 32,793 Auto 1,679 - 521 2,200 86,846 89,046 Other 122 - 24 146 4,370 4,516 Total $ 3,519 $ - $ 4,863 $ 8,382 $ 830,205 $ 838,587 |
Impaired Financing Receivables [Table Text Block] | Unpaid Average Interest Recorded Principal Related Recorded Income As of September 30, 2022: Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural 234 234 - 236 14 Real estate – residential 514 542 - 514 22 Real estate – commercial 93 107 - 95 - Real estate – construction & land 96 96 - 99 5 Equity Lines of Credit 248 299 - 255 - Auto - - - - - Other - - - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural - - - - - Real estate – residential 169 169 21 170 5 Real estate – commercial - - - - - Real estate – construction & land - - - - - Equity Lines of Credit - - - - - Auto - - - - - Other - - - - - Total: Commercial $ - $ - $ - $ - $ - Agricultural 234 234 - 236 14 Real estate – residential 683 711 21 684 27 Real estate – commercial 93 107 - 95 - Real estate – construction & land 96 96 - 99 5 Equity Lines of Credit 248 299 - 255 - Auto - - - - - Other - - - - - Total $ 1,354 $ 1,447 $ 21 $ 1,369 $ 46 Unpaid Average Interest Recorded Principal Related Recorded Income As of December 31, 2021: Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural 238 238 - 241 18 Real estate – residential 386 399 - 387 29 Real estate – commercial 3,697 3,834 - 2,188 - Real estate – construction & land - - - - - Equity Lines of Credit 263 304 - 275 - Auto - - - - - Other - - - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural - - - - - Real estate – residential 171 171 23 173 7 Real estate – commercial - - - - - Real estate – construction & land 102 102 5 105 6 Equity Lines of Credit - - - - - Auto - - - - - Other - - - - - Total: Commercial $ - $ - $ - $ - $ - Agricultural 238 238 - 241 18 Real estate – residential 557 570 23 560 36 Real estate – commercial 3,697 3,834 - 2,188 - Real estate – construction & land 102 102 5 105 6 Equity Lines of Credit 263 304 - 275 - Auto - - - - - Other - - - - - Total $ 4,857 $ 5,048 $ 28 $ 3,369 $ 60 |
Consumer Portfolio Segment [Member] | |
Notes Tables | |
Financing Receivable Credit Quality Indicators [Table Text Block] | Consumer Credit Exposure Consumer Credit Exposure Credit Risk Profile Based on Payment Activity Credit Risk Profile Based on Payment Activity September 30, 2022 December 31, 2021 Auto Other Total Auto Other Total Grade: Performing $ 90,776 $ 4,721 $ 95,497 $ 88,525 $ 4,492 $ 93,017 Non-performing 649 7 656 521 24 545 Total $ 91,425 $ 4,728 $ 96,153 $ 89,046 $ 4,516 $ 93,562 |
Note 6 - Earnings Per Share (Ta
Note 6 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended For the Nine Months Ended September 30, September 30, (In thousands, except per share data) 2022 2021 2022 2021 Net Income: Net income $ 7,228 $ 6,578 $ 18,626 $ 15,506 Earnings Per Share: Basic earnings per share $ 1.24 $ 1.13 $ 3.19 $ 2.87 Diluted earnings per share $ 1.23 $ 1.12 $ 3.15 $ 2.83 Weighted Average Number of Shares Outstanding: Basic shares 5,845 5,800 5,837 5,397 Diluted shares 5,895 5,885 5,911 5,477 |
Note 7 - Stock-based Compensa_2
Note 7 - Stock-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2022 Expected life of stock options (in years) 6.1 Risk free interest rate 2.96 % Annualized Volatility 31.8 % Dividend yields 2.06 % Weighted-average fair value of options granted during the nine months ended September 30, 2022 $ 8.85 |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term in Years Intrinsic Value Options outstanding at January 1, 2022 223,617 $ 19.71 Options cancelled - - Options exercised (32,200 ) 11.20 Options outstanding at September 30, 2022 191,417 $ 21.15 4.2 $ 1,382,031 Options exercisable at September 30, 2022 131,717 $ 20.91 3.8 $ 982,609 Expected to vest after September 30, 2022 52,375 $ 21.66 5.0 $ 351,533 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term in Years Intrinsic Value Options outstanding at January 1, 2022 - - Options granted 117,200 $ 31.00 Options outstanding at September 30, 2022 117,200 $ 31.00 9.6 $ 0 Options exercisable at September 30, 2022 - - - - Expected to vest after September 30, 2022 102,820 $ 31.00 9.6 $ 0 |
Note 9 - Fair Value Measureme_2
Note 9 - Fair Value Measurement (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at September 30, 2022, Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 334,124 $ 334,124 $ - $ - $ 334,124 Investment securities 383,178 - 383,178 - 383,178 Interest rate swaps 2,112 - 2,112 - 2,112 Loans held for sale 434 - 434 - 434 Loans, net 849,703 - - 809,687 809,687 FHLB stock 4,964 - - - N/A FRB Stock 1,363 - - - N/A Accrued interest receivable 6,594 242 1,955 4,397 6,594 Financial liabilities: Deposits 1,511,196 1,455,821 55,151 - 1,510,972 Repurchase agreements 12,955 - 12,955 - 12,955 Junior subordinated deferrable interest debentures 10,310 - - 9,155 9,155 Accrued interest payable 71 9 43 19 71 Fair Value Measurements at December 31, 2021 Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 380,584 $ 380,584 $ - $ - $ 380,584 Investment securities 305,914 - 305,914 - 305,914 Interest rate swaps 607 - 607 - 607 Loans held for sale 31,277 - 33,284 - 33,284 Loans, net 829,385 - - 844,764 844,764 FHLB stock 4,450 - - - N/A FRB Stock 1,358 - - - N/A Accrued interest receivable 5,800 3 1,082 4,715 5,800 Financial liabilities: Deposits 1,438,999 1,374,637 65,398 - 1,440,035 Repurchase agreements 17,283 - 17,283 - 17,283 Junior subordinated deferrable interest debentures 10,310 - - 7,342 7,342 Accrued interest payable 78 9 56 13 78 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at September 30, 2022 Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total Fair Value (Level 1) (Level 2) (Level 3) Assets: U.S. Treasury securities $ 9,708 $ - $ 9,708 $ - U.S. Government-sponsored agencies collateralized by mortgage obligations- residential 190,467 - 190,467 - U.S. Government agencies collateralized by mortgage obligations-commercial 78,783 - 78,783 - Obligations of states and political subdivisions 104,220 - 104,220 - Interest rate swaps 2,112 - 2,112 - $ 385,290 $ - $ 385,290 $ - Fair Value Measurements at December 31, 2021 Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total Fair Value (Level 1) (Level 2) (Level 3) Assets: U.S. Government-sponsored agencies collateralized by mortgage obligations - residential $ 151,034 $ - $ 151,034 $ - U.S. Government agencies collateralized by mortgage obligations-commercial 57,225 - 57,225 - Obligations of states and political subdivisions 97,655 - 97,655 - Interest rate swaps 607 - 607 - $ 306,521 $ - $ 306,521 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurements at September 30, 2022 Using Quoted Prices in Total Active Significant Losses Markets for Other Significant Nine Months Identical Observable Unobservable Ended Assets Inputs Inputs September 30, Total Fair Value (Level 1) (Level 2) (Level 3) 2022 Assets: Other real estate: Real estate – commercial $ 369 $ - $ - $ 369 $ - Fair Value Measurements at December 31, 2021 Using Quoted Prices in Total Active Significant Losses Markets for Other Significant Nine Months Identical Observable Unobservable Ended Total Assets Inputs Inputs September 30, Fair Value (Level 1) (Level 2) (Level 3) 2021 Assets: Other real estate: Real estate – commercial $ 487 - - $ 487 37 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Fair Value Fair Value Valuation Range (Weighted Average) Range (Weighted Average) Description 9/30/2022 12/31/2021 Technique Significant Unobservable Input 9/30/2022 12/31/2021 Other Real Estate: RE – Commercial $ 369 $ 487 Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 0% 9% (3 %) 17% 51% (37 %) |
Note 10 - Business Combinatio_2
Note 10 - Business Combinations - Acquisition of Feather River Bancorp, Inc. (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Assets: Cash and cash equivalents $ 28,369 Loans 160,409 Core deposit intangible 1,037 Goodwill 5,502 Bank premises and equipment 2,657 Right of use asset 2,359 Other assets 4,627 Total assets acquired $ 204,960 Liabilities: Deposits: Non-interest bearing $ 89,479 Interest bearing: Savings accounts 9,353 Money market accounts 45,600 Time accounts 32,279 Total deposits 176,711 Lease Liabilities 2,359 Deferred tax liability 402 Other liabilities 2,093 Total liabilities assumed $ 181,565 Merger consideration (cash payments of $ 4.7 18.7 $ 23,395 Book value of net assets acquired from FRB $ 16,292 Fair value adjustments: Loans 2,453 Bank premises and equipment (1,218 ) Right of use asset 2,359 Lease liability (2,359 ) Core deposit intangible asset 1,037 Total purchase accounting adjustments $ 2,272 Deferred tax liabilities (tax effect of purchase accounting adjustments at 29.56%) (671 ) Fair value of net assets acquired from FRB $ 17,893 Merger consideration 23,395 Less: fair value of net assets acquired from FRB (17,893 ) Goodwill 5,502 |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 9 Months Ended | |
Sep. 30, 2022 | Dec. 31, 2021 | |
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance, Ending Balance | $ 434,000 | $ 31,277,000 |
Core Deposits [Member] | Feather River Bancorp, Inc. [Member] | ||
Finite-Lived Intangible Asset, Useful Life (Year) | 10 years | |
SBA, RBS and FSA [Member] | Minimum [Member] | ||
Loans Held-for-sale, Percent Guaranteed | 75% | |
SBA, RBS and FSA [Member] | Maximum [Member] | ||
Loans Held-for-sale, Percent Guaranteed | 90% | |
SBA [Member] | ||
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance, Ending Balance | $ 434,000,000 | $ 31,300,000 |
Plumas Statutory Trust I [Member] | Accrued Interest Receivable and Other Assets [Member] | ||
Equity Method Investments | 371,000 | |
Plumas Statutory Trust II [Member] | Accrued Interest Receivable and Other Assets [Member] | ||
Equity Method Investments | $ 186,000 |
Note 3 - Investment Securitie_3
Note 3 - Investment Securities Available for Sale (Details Textual) | 9 Months Ended | ||
Sep. 30, 2022 USD ($) | Sep. 30, 2021 | Dec. 31, 2021 USD ($) | |
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain (Loss), before Tax, Total | $ 62,156,000 | $ 1,666,000 | |
Available-for-sale Securities Income Tax Expense (Benefit) on Accumulated Gross Unrealized Gains Losses | $ 18,373,000 | (493,000) | |
Number of Securities Sold During Period | 0 | 0 | |
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss, Total | $ 0 | 0 | |
Number of Investment Securities | 373 | ||
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | 312 | ||
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 61 | ||
Available-for-sale Debt Securities Pledged to Secure Deposits and Repurchase Agreements Amortized Cost Basis | $ 156,024,000 | 134,749,000 | |
Collateral Pledged [Member] | |||
Debt Securities, Available-for-Sale, Restricted | $ 132,998,000 | $ 134,791,000 | |
US Treasury Securities [Member] | |||
Number of Investment Securities | 3 | ||
Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | |||
Number of Investment Securities | 110 | ||
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | |||
Number of Investment Securities | 33 | ||
US States and Political Subdivisions Debt Securities [Member] | |||
Number of Investment Securities | 227 |
Note 3 - Investment Securitie_4
Note 3 - Investment Securities Available for Sale - Amortized Cost and Estimated Fair Value of Investment Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Investment securities available for sale, amortized cost | $ 445,334 | $ 304,248 |
Investment securities available for sale, gross unrealized gains | 0 | 4,239 |
Investment securities available for sale, gross unrealized losses | (62,156) | (2,573) |
Estimated fair value | 383,178 | 305,914 |
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Investment securities available for sale, amortized cost | 58,282 | |
Investment securities available for sale, gross unrealized gains | 11 | |
Investment securities available for sale, gross unrealized losses | (1,068) | |
Estimated fair value | 57,225 | |
US Treasury Securities [Member] | ||
Investment securities available for sale, amortized cost | 9,943 | |
Investment securities available for sale, gross unrealized gains | 0 | |
Investment securities available for sale, gross unrealized losses | (235) | |
Estimated fair value | 9,708 | |
Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | ||
Investment securities available for sale, amortized cost | 216,373 | 150,646 |
Investment securities available for sale, gross unrealized gains | 0 | 1,636 |
Investment securities available for sale, gross unrealized losses | (25,906) | (1,248) |
Estimated fair value | 190,467 | 151,034 |
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Investment securities available for sale, amortized cost | 90,345 | |
Investment securities available for sale, gross unrealized gains | 0 | |
Investment securities available for sale, gross unrealized losses | (11,562) | |
Estimated fair value | 78,783 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Investment securities available for sale, amortized cost | 128,673 | 95,320 |
Investment securities available for sale, gross unrealized gains | 0 | 2,592 |
Investment securities available for sale, gross unrealized losses | (24,453) | (257) |
Estimated fair value | $ 104,220 | $ 97,655 |
Note 3 - Investment Securitie_5
Note 3 - Investment Securities Available for Sale - Investment Securities With Unrealized Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Less than 12 months fair value | $ 310,672 | $ 147,390 |
Less than 12 months unrealized losses | 41,919 | 2,385 |
12 months or more fair value | 72,506 | 2,839 |
12 months or more unrealized losses | 20,237 | 188 |
Total fair value | 383,178 | 150,229 |
Total unrealized losses | 62,156 | 2,573 |
US Treasury Securities [Member] | ||
Less than 12 months fair value | 9,708 | |
Less than 12 months unrealized losses | 235 | |
12 months or more fair value | 0 | |
12 months or more unrealized losses | 0 | |
Total fair value | 9,708 | |
Total unrealized losses | 235 | |
Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months fair value | 158,757 | 70,742 |
Less than 12 months unrealized losses | 18,387 | 1,076 |
12 months or more fair value | 31,710 | 2,324 |
12 months or more unrealized losses | 7,519 | 172 |
Total fair value | 190,467 | 73,066 |
Total unrealized losses | 25,906 | 1,248 |
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Less than 12 months fair value | 51,739 | 54,214 |
Less than 12 months unrealized losses | 5,705 | 1,068 |
12 months or more fair value | 27,044 | 0 |
12 months or more unrealized losses | 5,857 | 0 |
Total fair value | 78,783 | 54,214 |
Total unrealized losses | 11,562 | 1,068 |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months fair value | 90,468 | 22,434 |
Less than 12 months unrealized losses | 17,592 | 241 |
12 months or more fair value | 13,752 | 515 |
12 months or more unrealized losses | 6,861 | 16 |
Total fair value | 104,220 | 22,949 |
Total unrealized losses | $ 24,453 | $ 257 |
Note 3 - Investment Securitie_6
Note 3 - Investment Securities Available for Sale - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Within one year, amortized cost | $ 731 | |
Within one year, estimated fair value | 730 | |
After one year through five years, amortized cost | 15,976 | |
After one year through five years, estimated fair value | 15,600 | |
After five years through ten years, amortized cost | 11,767 | |
After five years through ten years, estimated fair value | 10,940 | |
After ten years, amortized cost | 110,142 | |
After ten years, estimated fair value | 86,658 | |
Amortized Cost | 445,334 | $ 304,248 |
Estimated fair value | 383,178 | 305,914 |
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Investment securities not due at a single maturity date, amortized cost | 90,345 | |
Investment securities not due at a single maturity date, estimated fair value | 78,783 | |
Amortized Cost | 90,345 | |
Estimated fair value | 78,783 | |
Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | ||
Investment securities not due at a single maturity date, amortized cost | 216,373 | |
Investment securities not due at a single maturity date, estimated fair value | 190,467 | |
Amortized Cost | 216,373 | 150,646 |
Estimated fair value | $ 190,467 | $ 151,034 |
Note 4 - Loans and the Allowa_3
Note 4 - Loans and the Allowance for Loan Losses (Details Textual) Pure in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | |
Impaired Financing Receivable, Recorded Investment | $ 1,354,000 | $ 1,354,000 | $ 4,857,000 | ||
Impaired Financing Receivable, Related Allowance | 21,000 | 21,000 | 28,000 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 169,000 | 169,000 | 273,000 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,185,000 | 1,185,000 | 4,584,000 | ||
Impaired Financing Receivable, Average Recorded Investment | 1,369,000 | $ 2,610,000 | 3,369,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 16,000 | $ 14,000 | 46,000 | 45,000 | 60,000 |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 0 | $ 0 | |||
Financing Receivable, Troubled Debt Restructuring | 881,000 | 881,000 | 897,000 | ||
Financing Receivable Modifications Related Allowances | 21,000 | 21,000 | 28,000 | ||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | 0 | $ 0 | 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | |||
Financing Receivable, Nonaccrual | 1,485,000 | $ 1,485,000 | $ 4,863,000 | ||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 18,000 | $ 169,000 | $ 325,000 | ||
Loans and Leases Receivable, Impaired, Interest Recovery on Nonaccrual Loans | $ 4,000 | ||||
Number of Loans, 90 Days Past Due and Still Accruing | 0 | 0 | 0 | ||
Deferred Loan Origination Costs | $ 769,000 | $ 866,000 | $ 2,706,000 | $ 2,379,000 | |
Financial Asset Acquired with Credit Deterioration [Member] | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 304,000 | 304,000 | $ 496,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 324,000 | 324,000 | 517,000 | ||
Certain Loans Acquired in Transfer, Nonaccretable Difference | $ 20,000 | $ 20,000 | $ 21,000 |
Note 4 - Loans and the Allowa_4
Note 4 - Loans and the Allowance for Loan Losses - Outstanding Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 |
Loans | $ 857,976 | $ 838,587 | $ 10,305 | |||
Deferred loan costs, net | 2,647 | 1,150 | ||||
Allowance for loan losses | (10,920) | $ (10,919) | (10,352) | (10,305) | $ (10,128) | $ (9,902) |
Total net loans | 849,703 | 829,385 | ||||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||||||
Loans | 73,227 | 99,804 | 978 | |||
Allowance for loan losses | (824) | (902) | (1,074) | (978) | (883) | (950) |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||||||
Loans | 124,894 | 126,456 | 891 | |||
Allowance for loan losses | (1,006) | (1,094) | (791) | (891) | (681) | (757) |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||||||
Loans | 457,624 | 418,609 | 5,245 | |||
Allowance for loan losses | (4,206) | (4,395) | (4,549) | (5,245) | (5,345) | (5,089) |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans | 55,511 | 51,526 | 649 | |||
Allowance for loan losses | (1,900) | (1,759) | (1,325) | (649) | (606) | (554) |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||||||
Loans | 15,999 | 15,837 | 130 | |||
Allowance for loan losses | (134) | (139) | (168) | (130) | (131) | (164) |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||||||
Loans | 34,568 | 32,793 | 435 | |||
Allowance for loan losses | (642) | (593) | (426) | (435) | (454) | (499) |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Loans | 91,425 | 89,046 | 1,867 | |||
Allowance for loan losses | (2,069) | (1,900) | (1,911) | (1,867) | (1,910) | (1,768) |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||||
Loans | 4,728 | 4,516 | 110 | |||
Allowance for loan losses | $ (139) | $ (137) | $ (108) | $ (110) | $ (118) | $ (121) |
Note 4 - Loans and the Allowa_5
Note 4 - Loans and the Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Beginning balance | $ 10,919 | $ 10,128 | $ 10,352 | $ 9,902 | $ 9,902 |
Provision charged to operations | 300 | 250 | 1,000 | 875 | 1,125 |
Losses charged to allowance | (386) | (148) | (855) | (692) | (938) |
Recoveries | 87 | 75 | 423 | 220 | 263 |
Ending balance | $ 10,920 | $ 10,305 | $ 10,920 | $ 10,305 | $ 10,352 |
Note 4 - Loans and the Allowa_6
Note 4 - Loans and the Allowance for Loan Losses - Accretable Yield (Details) $ in Thousands | 9 Months Ended | |
Sep. 30, 2022 USD ($) | ||
Balance | $ 28 | |
Additions | 0 | |
Removals1 | (10) | [1] |
Accretion | (4) | |
Balance | $ 14 | |
[1]Represents the accretable difference that is relieved when a loan exits the PCI population due to payoff, full charge-off, or transfer to repossessed assets, etc. |
Note 4 - Loans and the Allowa_7
Note 4 - Loans and the Allowance for Loan Losses - Loan Portfolio Allocated by Internal Risk Ratings (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 |
Loans | $ 857,976 | $ 838,587 | $ 10,305 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Loans | 73,227 | 99,804 | 978 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Loans | 124,894 | 126,456 | 891 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Loans | 457,624 | 418,609 | 5,245 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans | 55,511 | 51,526 | 649 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Loans | 15,999 | 15,837 | 130 |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||
Loans | 34,568 | 32,793 | $ 435 |
Commercial and Residential Portfolio Segments [Member] | |||
Loans | 761,823 | 745,025 | |
Pass [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Loans | 70,783 | 96,052 | |
Pass [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Loans | 122,006 | 124,866 | |
Pass [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Loans | 453,399 | 414,175 | |
Pass [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans | 55,428 | 51,455 | |
Pass [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Loans | 15,782 | 15,594 | |
Pass [Member] | Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||
Loans | 34,146 | 32,349 | |
Pass [Member] | Commercial and Residential Portfolio Segments [Member] | |||
Loans | 751,544 | 734,491 | |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Loans | 2,378 | 3,721 | |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Loans | 2,564 | 1,072 | |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Loans | 2,527 | 62 | |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans | 0 | 0 | |
Special Mention [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Loans | 0 | 150 | |
Special Mention [Member] | Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||
Loans | 0 | 0 | |
Special Mention [Member] | Commercial and Residential Portfolio Segments [Member] | |||
Loans | 7,469 | 5,005 | |
Substandard [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Loans | 66 | 31 | |
Substandard [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Loans | 324 | 518 | |
Substandard [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Loans | 1,698 | 4,372 | |
Substandard [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans | 83 | 71 | |
Substandard [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Loans | 217 | 93 | |
Substandard [Member] | Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||
Loans | 422 | 444 | |
Substandard [Member] | Commercial and Residential Portfolio Segments [Member] | |||
Loans | 2,810 | 5,529 | |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Loans | 0 | 0 | |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Loans | 0 | 0 | |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Loans | 0 | 0 | |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans | 0 | 0 | |
Doubtful [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Loans | 0 | 0 | |
Doubtful [Member] | Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||
Loans | 0 | 0 | |
Doubtful [Member] | Commercial and Residential Portfolio Segments [Member] | |||
Loans | $ 0 | $ 0 |
Note 4 - Loans and the Allowa_8
Note 4 - Loans and the Allowance for Loan Losses - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 |
Loans | $ 857,976 | $ 838,587 | $ 10,305 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 95,497 | 93,017 | |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 656 | 545 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Loans | 91,425 | 89,046 | 1,867 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Performing Financial Instruments [Member] | |||
Loans | 90,776 | 88,525 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 649 | 521 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Loans | 4,728 | 4,516 | $ 110 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Performing Financial Instruments [Member] | |||
Loans | 4,721 | 4,492 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 7 | 24 | |
Consumer Portfolio Segment [Member] | Residential Portfolio Segment [Member] | |||
Loans | $ 96,153 | ||
Consumer Portfolio Segment [Member] | Commercial Portfolio Segment [Member] | |||
Loans | $ 93,562 |
Note 4 - Loans and the Allowa_9
Note 4 - Loans and the Allowance for Loan Losses - Allocation of the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Beginning balance | $ 10,919 | $ 10,128 | $ 10,352 | $ 9,902 | $ 9,902 |
Charge-offs | (386) | (148) | (855) | (692) | (938) |
Recoveries | 87 | 75 | 423 | 220 | 263 |
Provision | 300 | 250 | 1,000 | 875 | 1,125 |
Recoveries | 87 | 75 | 423 | 220 | 263 |
Provision | 300 | 250 | 1,000 | 875 | 1,125 |
Allowance for loan losses, individually evaluated for impairment | 21 | 21 | 28 | ||
Allowance for loan losses, collectively evaluated for impairment | 10,899 | 10,899 | 10,324 | ||
Ending balance | 10,920 | 10,305 | 10,920 | 10,305 | 10,352 |
Loans, individually evaluated for impairment | 1,354 | 1,354 | 4,857 | ||
Loans, collectively evaluated for impairment | 856,622 | 856,622 | 833,730 | ||
Ending balance | 857,976 | 10,305 | 857,976 | 10,305 | 838,587 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||||
Beginning balance | 902 | 883 | 1,074 | 950 | 950 |
Charge-offs | (169) | (28) | (169) | (189) | |
Recoveries | 6 | 10 | 23 | 56 | |
Provision | 85 | 113 | (104) | 161 | |
Recoveries | 6 | 10 | 23 | 56 | |
Provision | 85 | 113 | (104) | 161 | |
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 824 | 824 | 1,074 | ||
Ending balance | 824 | 978 | 824 | 978 | 1,074 |
Loans, individually evaluated for impairment | 0 | 0 | 0 | ||
Loans, collectively evaluated for impairment | 73,227 | 73,227 | 99,804 | ||
Ending balance | 73,227 | 978 | 73,227 | 978 | 99,804 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||||
Beginning balance | 1,094 | 681 | 791 | 757 | 757 |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Provision | (88) | 210 | 215 | 134 | |
Recoveries | 0 | 0 | 0 | 0 | |
Provision | (88) | 210 | 215 | 134 | |
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 1,006 | 1,006 | 791 | ||
Ending balance | 1,006 | 891 | 1,006 | 891 | 791 |
Loans, individually evaluated for impairment | 234 | 234 | 238 | ||
Loans, collectively evaluated for impairment | 124,660 | 124,660 | 126,218 | ||
Ending balance | 124,894 | 891 | 124,894 | 891 | 126,456 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Beginning balance | 4,395 | 5,345 | 4,549 | 5,089 | 5,089 |
Charge-offs | 0 | 0 | (19) | 0 | |
Recoveries | 1 | 3 | 1 | 6 | |
Provision | (190) | (103) | (325) | 150 | |
Recoveries | 1 | 3 | 1 | 6 | |
Provision | (190) | (103) | (325) | 150 | |
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 4,206 | 4,206 | 4,549 | ||
Ending balance | 4,206 | 5,245 | 4,206 | 5,245 | 4,549 |
Loans, individually evaluated for impairment | 93 | 93 | 3,697 | ||
Loans, collectively evaluated for impairment | 457,531 | 457,531 | 414,912 | ||
Ending balance | 457,624 | 5,245 | 457,624 | 5,245 | 418,609 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||
Beginning balance | 1,759 | 606 | 1,325 | 554 | 554 |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Provision | 141 | 43 | 575 | 95 | |
Recoveries | 0 | 0 | 0 | 0 | |
Provision | 141 | 43 | 575 | 95 | |
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | 5 | ||
Allowance for loan losses, collectively evaluated for impairment | 1,900 | 1,900 | 1,320 | ||
Ending balance | 1,900 | 649 | 1,900 | 649 | 1,325 |
Loans, individually evaluated for impairment | 96 | 96 | 102 | ||
Loans, collectively evaluated for impairment | 55,415 | 55,415 | 51,424 | ||
Ending balance | 55,511 | 649 | 55,511 | 649 | 51,526 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Beginning balance | 139 | 131 | 168 | 164 | 164 |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 1 | 1 | 2 | 3 | |
Provision | (6) | (2) | (36) | (37) | |
Recoveries | 1 | 1 | 2 | 3 | |
Provision | (6) | (2) | (36) | (37) | |
Allowance for loan losses, individually evaluated for impairment | 21 | 21 | 23 | ||
Allowance for loan losses, collectively evaluated for impairment | 113 | 113 | 145 | ||
Ending balance | 134 | 130 | 134 | 130 | 168 |
Loans, individually evaluated for impairment | 683 | 683 | 557 | ||
Loans, collectively evaluated for impairment | 15,316 | 15,316 | 15,280 | ||
Ending balance | 15,999 | 130 | 15,999 | 130 | 15,837 |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||||
Beginning balance | 593 | 454 | 426 | 499 | 499 |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 2 | |
Provision | 49 | (19) | 216 | (66) | |
Recoveries | 0 | 0 | 0 | 2 | |
Provision | 49 | (19) | 216 | (66) | |
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 642 | 642 | 426 | ||
Ending balance | 642 | 435 | 642 | 435 | 426 |
Loans, individually evaluated for impairment | 248 | 248 | 263 | ||
Loans, collectively evaluated for impairment | 34,320 | 34,320 | 32,530 | ||
Ending balance | 34,568 | 435 | 34,568 | 435 | 32,793 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||||
Beginning balance | 1,900 | 1,910 | 1,911 | 1,768 | 1,768 |
Charge-offs | (213) | (113) | (632) | (459) | |
Recoveries | 76 | 43 | 388 | 120 | |
Provision | 306 | 27 | 402 | 438 | |
Recoveries | 76 | 43 | 388 | 120 | |
Provision | 306 | 27 | 402 | 438 | |
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 2,069 | 2,069 | 1,911 | ||
Ending balance | 2,069 | 1,867 | 2,069 | 1,867 | 1,911 |
Loans, individually evaluated for impairment | 0 | 0 | 0 | ||
Loans, collectively evaluated for impairment | 91,425 | 91,425 | 89,046 | ||
Ending balance | 91,425 | 1,867 | 91,425 | 1,867 | 89,046 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||||
Beginning balance | 137 | 118 | 108 | 121 | 121 |
Charge-offs | (4) | (7) | (35) | (44) | |
Recoveries | 3 | 18 | 9 | 33 | |
Provision | 3 | (19) | 57 | 0 | |
Recoveries | 3 | 18 | 9 | 33 | |
Provision | 3 | (19) | 57 | 0 | |
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 139 | 139 | 108 | ||
Ending balance | 139 | 110 | 139 | 110 | 108 |
Loans, individually evaluated for impairment | 0 | 0 | 0 | ||
Loans, collectively evaluated for impairment | 4,728 | 4,728 | 4,516 | ||
Ending balance | $ 4,728 | $ 110 | $ 4,728 | $ 110 | $ 4,516 |
Note 4 - Loans and the Allow_10
Note 4 - Loans and the Allowance for Loan Losses - Aging Analysis of the Loan Portfolio (Details) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 |
Ending balance | $ 857,976,000 | $ 838,587,000 | $ 10,305,000 |
90 Days and Still Accruing | 0 | 0 | |
Financing Receivable, Nonaccrual | 1,485,000 | 4,863,000 | |
Financing Receivables 30 to 89 Days Past Due [Member] | |||
Ending balance | 3,040,000 | 3,519,000 | |
Financial Asset, Past Due [Member] | |||
Ending balance | 4,525,000 | 8,382,000 | |
Financial Asset, Not Past Due [Member] | |||
Ending balance | 853,451,000 | 830,205,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Ending balance | 73,227,000 | 99,804,000 | 978,000 |
90 Days and Still Accruing | 0 | 0 | |
Financing Receivable, Nonaccrual | 1,000 | 0 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | |||
Ending balance | 404,000 | 705,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financial Asset, Past Due [Member] | |||
Ending balance | 405,000 | 705,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financial Asset, Not Past Due [Member] | |||
Ending balance | 72,822,000 | 99,099,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Ending balance | 124,894,000 | 126,456,000 | 891,000 |
90 Days and Still Accruing | 0 | 0 | |
Financing Receivable, Nonaccrual | 0 | 0 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | |||
Ending balance | 206,000 | 345,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financial Asset, Past Due [Member] | |||
Ending balance | 206,000 | 345,000 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financial Asset, Not Past Due [Member] | |||
Ending balance | 124,688,000 | 126,111,000 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Ending balance | 457,624,000 | 418,609,000 | 5,245,000 |
90 Days and Still Accruing | 0 | 0 | |
Financing Receivable, Nonaccrual | 105,000 | 3,710,000 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | |||
Ending balance | 45,000 | 68,000 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Past Due [Member] | |||
Ending balance | 150,000 | 3,778,000 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Not Past Due [Member] | |||
Ending balance | 457,474,000 | 414,831,000 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Ending balance | 55,511,000 | 51,526,000 | 649,000 |
90 Days and Still Accruing | 0 | 0 | |
Financing Receivable, Nonaccrual | 83,000 | 71,000 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | |||
Ending balance | 190,000 | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Past Due [Member] | |||
Ending balance | 273,000 | 71,000 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Not Past Due [Member] | |||
Ending balance | 55,238,000 | 51,455,000 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Ending balance | 15,999,000 | 15,837,000 | 130,000 |
90 Days and Still Accruing | 0 | 0 | |
Financing Receivable, Nonaccrual | 217,000 | 93,000 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | |||
Ending balance | 63,000 | 150,000 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Past Due [Member] | |||
Ending balance | 280,000 | 243,000 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Not Past Due [Member] | |||
Ending balance | 15,719,000 | 15,594,000 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||
Ending balance | 34,568,000 | 32,793,000 | 435,000 |
90 Days and Still Accruing | 0 | 0 | |
Financing Receivable, Nonaccrual | 423,000 | 444,000 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | |||
Ending balance | 277,000 | 450,000 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Financial Asset, Past Due [Member] | |||
Ending balance | 700,000 | 894,000 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Financial Asset, Not Past Due [Member] | |||
Ending balance | 33,868,000 | 31,899,000 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Ending balance | 91,425,000 | 89,046,000 | 1,867,000 |
90 Days and Still Accruing | 0 | 0 | |
Financing Receivable, Nonaccrual | 649,000 | 521,000 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | |||
Ending balance | 1,842,000 | 1,679,000 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financial Asset, Past Due [Member] | |||
Ending balance | 2,491,000 | 2,200,000 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financial Asset, Not Past Due [Member] | |||
Ending balance | 88,934,000 | 86,846,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Ending balance | 4,728,000 | 4,516,000 | $ 110,000 |
90 Days and Still Accruing | 0 | 0 | |
Financing Receivable, Nonaccrual | 7,000 | 24,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | |||
Ending balance | 13,000 | 122,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, Past Due [Member] | |||
Ending balance | 20,000 | 146,000 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, Not Past Due [Member] | |||
Ending balance | $ 4,708,000 | $ 4,370,000 |
Note 4 - Loans and the Allow_11
Note 4 - Loans and the Allowance for Loan Losses - Impaired Loans (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Recorded investment with no related allowance recorded | $ 1,185,000 | $ 1,185,000 | $ 4,584,000 | ||
Recorded investment with an allowance | 169,000 | 169,000 | 273,000 | ||
Impaired Financing Receivable, Related Allowance | 21,000 | 21,000 | 28,000 | ||
Recorded investment | 1,354,000 | 1,354,000 | 4,857,000 | ||
Unpaid principal balance | 1,447,000 | 1,447,000 | 5,048,000 | ||
Average recorded investment | 1,369,000 | $ 2,610,000 | 3,369,000 | ||
Interest income recognized | 16,000 | $ 14,000 | 46,000 | $ 45,000 | 60,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||||
Recorded investment with no related allowance recorded | 0 | 0 | 0 | ||
Unpaid principal balance with no related allowance recorded | 0 | 0 | 0 | ||
Average recorded investment with no related allowance recorded | 0 | 0 | |||
Interest income recognized with no related allowance recorded | 0 | 0 | |||
Recorded investment with an allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | 0 | ||
Average recorded investment with an allowance | 0 | 0 | |||
Interest income recognized with an allowance | 0 | 0 | |||
Recorded investment | 0 | 0 | 0 | ||
Unpaid principal balance | 0 | 0 | 0 | ||
Average recorded investment | 0 | 0 | |||
Interest income recognized | 0 | 0 | |||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||||
Recorded investment with no related allowance recorded | 234,000 | 234,000 | 238,000 | ||
Unpaid principal balance with no related allowance recorded | 234,000 | 234,000 | 238,000 | ||
Average recorded investment with no related allowance recorded | 236,000 | 241,000 | |||
Interest income recognized with no related allowance recorded | 14,000 | 18,000 | |||
Recorded investment with an allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | 0 | ||
Average recorded investment with an allowance | 0 | 0 | |||
Interest income recognized with an allowance | 0 | 0 | |||
Recorded investment | 234,000 | 234,000 | 238,000 | ||
Unpaid principal balance | 234,000 | 234,000 | 238,000 | ||
Average recorded investment | 236,000 | 241,000 | |||
Interest income recognized | 14,000 | 18,000 | |||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Recorded investment with no related allowance recorded | 93,000 | 93,000 | 3,697,000 | ||
Unpaid principal balance with no related allowance recorded | 107,000 | 107,000 | 3,834,000 | ||
Average recorded investment with no related allowance recorded | 95,000 | 2,188,000 | |||
Interest income recognized with no related allowance recorded | 0 | 0 | |||
Recorded investment with an allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | 0 | ||
Average recorded investment with an allowance | 0 | 0 | |||
Interest income recognized with an allowance | 0 | 0 | |||
Recorded investment | 93,000 | 93,000 | 3,697,000 | ||
Unpaid principal balance | 107,000 | 107,000 | 3,834,000 | ||
Average recorded investment | 95,000 | 2,188,000 | |||
Interest income recognized | 0 | 0 | |||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||
Recorded investment with no related allowance recorded | 96,000 | 96,000 | 0 | ||
Unpaid principal balance with no related allowance recorded | 96,000 | 96,000 | 0 | ||
Average recorded investment with no related allowance recorded | 99,000 | 0 | |||
Interest income recognized with no related allowance recorded | 5,000 | 0 | |||
Recorded investment with an allowance | 0 | 0 | 102,000 | ||
Unpaid principal balance with allowance | 0 | 0 | 102,000 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | 5,000 | ||
Average recorded investment with an allowance | 0 | 105,000 | |||
Interest income recognized with an allowance | 0 | 6,000 | |||
Recorded investment | 96,000 | 96,000 | 102,000 | ||
Unpaid principal balance | 96,000 | 96,000 | 102,000 | ||
Average recorded investment | 99,000 | 105,000 | |||
Interest income recognized | 5,000 | 6,000 | |||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Recorded investment with no related allowance recorded | 514,000 | 514,000 | 386,000 | ||
Unpaid principal balance with no related allowance recorded | 542,000 | 542,000 | 399,000 | ||
Average recorded investment with no related allowance recorded | 514,000 | 387,000 | |||
Interest income recognized with no related allowance recorded | 22,000 | 29,000 | |||
Recorded investment with an allowance | 169,000 | 169,000 | 171,000 | ||
Unpaid principal balance with allowance | 169,000 | 169,000 | 171,000 | ||
Impaired Financing Receivable, Related Allowance | 21,000 | 21,000 | 23,000 | ||
Average recorded investment with an allowance | 170,000 | 173,000 | |||
Interest income recognized with an allowance | 5,000 | 7,000 | |||
Recorded investment | 683,000 | 683,000 | 557,000 | ||
Unpaid principal balance | 711,000 | 711,000 | 570,000 | ||
Average recorded investment | 684,000 | 560,000 | |||
Interest income recognized | 27,000 | 36,000 | |||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||||
Recorded investment with no related allowance recorded | 248,000 | 248,000 | 263,000 | ||
Unpaid principal balance with no related allowance recorded | 299,000 | 299,000 | 304,000 | ||
Average recorded investment with no related allowance recorded | 255,000 | 275,000 | |||
Interest income recognized with no related allowance recorded | 0 | 0 | |||
Recorded investment with an allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | 0 | ||
Average recorded investment with an allowance | 0 | 0 | |||
Interest income recognized with an allowance | 0 | 0 | |||
Recorded investment | 248,000 | 248,000 | 263,000 | ||
Unpaid principal balance | 299,000 | 299,000 | 304,000 | ||
Average recorded investment | 255,000 | 275,000 | |||
Interest income recognized | 0 | 0 | |||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||||
Recorded investment with no related allowance recorded | 0 | 0 | 0 | ||
Unpaid principal balance with no related allowance recorded | 0 | 0 | 0 | ||
Average recorded investment with no related allowance recorded | 0 | 0 | |||
Interest income recognized with no related allowance recorded | 0 | 0 | |||
Recorded investment with an allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | 0 | ||
Average recorded investment with an allowance | 0 | 0 | |||
Interest income recognized with an allowance | 0 | 0 | |||
Recorded investment | 0 | 0 | 0 | ||
Unpaid principal balance | 0 | 0 | 0 | ||
Average recorded investment | 0 | 0 | |||
Interest income recognized | 0 | 0 | |||
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||||
Recorded investment with no related allowance recorded | 0 | 0 | 0 | ||
Unpaid principal balance with no related allowance recorded | 0 | 0 | 0 | ||
Average recorded investment with no related allowance recorded | 0 | 0 | |||
Interest income recognized with no related allowance recorded | 0 | 0 | |||
Recorded investment with an allowance | 0 | 0 | 0 | ||
Unpaid principal balance with allowance | 0 | 0 | 0 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | 0 | ||
Average recorded investment with an allowance | 0 | 0 | |||
Interest income recognized with an allowance | 0 | 0 | |||
Recorded investment | 0 | 0 | 0 | ||
Unpaid principal balance | $ 0 | 0 | 0 | ||
Average recorded investment | 0 | 0 | |||
Interest income recognized | $ 0 | $ 0 |
Note 5 - Commitments and Cont_2
Note 5 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Unused Commitments to Extend Credit | $ 172,300 | $ 162,500 |
Construction Loan Payable [Member] | ||
Unused Commitments to Extend Credit | 34,100 | |
Standby Letters of Credit [Member] | ||
Unused Commitments to Extend Credit | $ 0 | $ 12 |
Note 6 - Earnings Per Share (De
Note 6 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Share-Based Payment Arrangement, Option [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 119,000 | 0 | 119,000 | 5,000 |
Note 6 - Earnings Per Share - B
Note 6 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Net Income: | ||||
Net income | $ 7,228 | $ 6,578 | $ 18,626 | $ 15,506 |
Earnings Per Share: | ||||
Basic earnings per share (in dollars per share) | $ 1.24 | $ 1.13 | $ 3.19 | $ 2.87 |
Diluted earnings per share (in dollars per share) | $ 1.23 | $ 1.12 | $ 3.15 | $ 2.83 |
Weighted Average Number of Shares Outstanding: | ||||
Basic shares (in shares) | 5,845 | 5,800 | 5,837 | 5,397 |
Diluted shares (in shares) | 5,895 | 5,885 | 5,911 | 5,477 |
Note 7 - Stock-based Compensa_3
Note 7 - Stock-based Compensation (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | May 31, 2022 | Dec. 31, 2021 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 117,200 | 117,200 | 0 | |||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 43,000 | $ 43,000 | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 10 months 24 days | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value | $ 101,000 | $ 107,000 | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value | 830,000 | 686,000 | ||||
Share-Based Payment Arrangement, Expense | 36,000 | $ 58,000 | 153,000 | 176,000 | ||
Share-Based Payment Arrangement, Expense, Tax Benefit | $ 2,000 | $ 4,000 | 10,000 | 12,000 | ||
Proceeds from Stock Options Exercised | 277,000 | 216,000 | ||||
Share-Based Payment Arrangement, Exercise of Option, Tax Benefit | $ 55,000 | $ 19,000 | ||||
Restricted Stock [Member] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 1,650 | |||||
Restricted Stock, Par or Stated Value Per Share (in dollars per share) | $ 31 | $ 31 | ||||
Compensation Expense, Excluding Cost of Good and Service Sold | $ 9,000 | |||||
Stock Option Plan 2013 [Member] | ||||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 191,417 | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) | 126,550 | |||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | 157,000 | $ 157,000 | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 1 month 6 days | |||||
Stock Option Plan 2013 [Member] | Share-Based Payment Arrangement, Option [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||
The 2022 Equity Incentive Plan [Member] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) | 576,550 | |||||
Stock Option Plan 2022 [Member] | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 117,200 | |||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 1,000,000 | $ 1,000,000 | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 4 years 8 months 12 days |
Note 7 - Stock-based Compensa_4
Note 7 - Stock-based Compensation - Weighted Average Fair Value Assumptions (Details) | 9 Months Ended |
Sep. 30, 2022 $ / shares | |
Weighted-average fair value of options granted during the nine months ended September 30, 2022 (in dollars per share) | $ 8.85 |
Share-Based Payment Arrangement, Option [Member] | |
Expected life of stock options (Year) | 6 years 1 month 6 days |
Risk free interest rate | 2.96% |
Annualized Volatility | 31.80% |
Dividend yields | 2.06% |
Note 7 - Stock-based Compensa_5
Note 7 - Stock-based Compensation - Stock Option Activity (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | |
Options granted, shares (in shares) | 117,200 | 117,200 | 0 |
Stock Option Plan 2013 [Member] | |||
Options outstanding, Shares (in shares) | 223,617 | ||
Options outstanding, Weighted average exercise price (in dollars per share) | $ 19.71 | ||
Options cancelled, Shares (in shares) | 0 | ||
Options cancelled, Weighted average exercise price (in dollars per share) | $ 0 | ||
Options exercised, Shares (in shares) | (32,200) | ||
Options exercised, Weighted average exercise price (in dollars per share) | $ 11.20 | ||
Options outstanding, Shares (in shares) | 191,417 | 191,417 | |
Options outstanding, Weighted average exercise price (in dollars per share) | $ 21.15 | $ 21.15 | |
Options outstanding, Weighted average remaining contractual term in years (Year) | 4 years 2 months 12 days | ||
Options outstanding, Intrinsic value | $ 1,382,031 | $ 1,382,031 | |
Options exercisable, Shares (in shares) | 131,717 | 131,717 | |
Options exercisable, Weighted average exercise price (in dollars per share) | $ 20.91 | $ 20.91 | |
Options exercisable, weighted average remaining contractual term (Year) | 3 years 9 months 18 days | ||
Options exercisable, Intrinsic value | $ 982,609 | $ 982,609 | |
Expected to vest, Shares (in shares) | 52,375 | 52,375 | |
Expected to vest, Weighted average exercise price (in dollars per share) | $ 21.66 | $ 21.66 | |
Expected to vest, Weighted average remaining contractual term in years (Year) | 5 years | ||
Expected to vest, Intrinsic value | $ 351,533 | $ 351,533 | |
Stock Option Plan 2022 [Member] | |||
Options outstanding, Shares (in shares) | 0 | ||
Options outstanding, Weighted average exercise price (in dollars per share) | $ 0 | ||
Options outstanding, Shares (in shares) | 117,200 | 117,200 | |
Options outstanding, Weighted average exercise price (in dollars per share) | $ 31 | $ 31 | |
Options outstanding, Weighted average remaining contractual term in years (Year) | 9 years 7 months 6 days | ||
Options outstanding, Intrinsic value | $ 0 | $ 0 | |
Options exercisable, Shares (in shares) | 0 | 0 | |
Options exercisable, Weighted average exercise price (in dollars per share) | $ 0 | $ 0 | |
Options exercisable, Intrinsic value | $ 0 | $ 0 | |
Expected to vest, Shares (in shares) | 102,820 | 102,820 | |
Expected to vest, Weighted average exercise price (in dollars per share) | $ 31 | $ 31 | |
Expected to vest, Weighted average remaining contractual term in years (Year) | 9 years 7 months 6 days | ||
Expected to vest, Intrinsic value | $ 0 | $ 0 | |
Options granted, shares (in shares) | 117,200 | ||
Options granted (in dollars per share) | $ 31 |
Note 9 - Fair Value Measureme_3
Note 9 - Fair Value Measurement - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Investment securities | $ 383,178 | $ 305,914 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 334,124 | 380,584 |
Investment securities | 383,178 | 305,914 |
Loans held for sale | 434 | 31,277 |
Loans, net | 849,703 | 829,385 |
FHLB stock | 4,964 | 4,450 |
FRB Stock | 1,363 | 1,358 |
Accrued interest receivable | 6,594 | 5,800 |
Deposits | 1,511,196 | 1,438,999 |
Repurchase agreements | 12,955 | 17,283 |
Junior subordinated deferrable interest debentures | 10,310 | 10,310 |
Accrued interest payable | 71 | 78 |
Reported Value Measurement [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 2,112 | 607 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 334,124 | 380,584 |
Investment securities | 383,178 | 305,914 |
Loans held for sale | 434 | 33,284 |
Loans, net | 809,687 | 844,764 |
Accrued interest receivable | 6,594 | 5,800 |
Deposits | 1,510,972 | 1,440,035 |
Repurchase agreements | 12,955 | 17,283 |
Junior subordinated deferrable interest debentures | 9,155 | 7,342 |
Accrued interest payable | 71 | 78 |
Estimate of Fair Value Measurement [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 2,112 | 607 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 334,124 | 380,584 |
Loans held for sale | 0 | |
Accrued interest receivable | 242 | 3 |
Deposits | 1,455,821 | 1,374,637 |
Accrued interest payable | 9 | 9 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment securities | 383,178 | 305,914 |
Loans held for sale | 434 | 33,284 |
Accrued interest receivable | 1,955 | 1,082 |
Deposits | 55,151 | 65,398 |
Repurchase agreements | 12,955 | 17,283 |
Accrued interest payable | 43 | 56 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 2,112 | 607 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Loans held for sale | 0 | |
Loans, net | 809,687 | 844,764 |
Accrued interest receivable | 4,397 | 4,715 |
Junior subordinated deferrable interest debentures | 9,155 | 7,342 |
Accrued interest payable | $ 19 | $ 13 |
Note 9 - Fair Value Measureme_4
Note 9 - Fair Value Measurement - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Estimated fair value | $ 383,178 | $ 305,914 |
US Treasury Securities [Member] | ||
Estimated fair value | 9,708 | |
Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | ||
Estimated fair value | 190,467 | 151,034 |
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Estimated fair value | 78,783 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Estimated fair value | 104,220 | 97,655 |
Fair Value, Recurring [Member] | ||
Estimated fair value | 385,290 | 306,521 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 2,112 | 607 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | 385,290 | 306,521 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 2,112 | 607 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | ||
Estimated fair value | 9,708 | |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | 9,708 | |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | ||
Estimated fair value | 190,467 | 151,034 |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | 190,467 | 151,034 |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Estimated fair value | 78,783 | 57,225 |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | 78,783 | 57,225 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Estimated fair value | 104,220 | 97,655 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | $ 104,220 | $ 97,655 |
Note 9 - Fair Value Measureme_5
Note 9 - Fair Value Measurement - Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - Commercial Portfolio Segment [Member] - Real Estate Loan [Member] - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Other real estate | $ 369 | |
Other real estate, Total gain (loss) | 0 | |
Impaired loans | 369 | $ 487 |
Impaired loans, Total gain (loss) | 37 | |
Fair Value, Inputs, Level 1 [Member] | ||
Other real estate | 0 | |
Impaired loans | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||
Other real estate | 0 | |
Impaired loans | 0 | |
Fair Value, Inputs, Level 3 [Member] | ||
Other real estate | $ 369 | |
Impaired loans | $ 487 |
Note 9 - Fair Value Measureme_6
Note 9 - Fair Value Measurement - Quantitative Information About Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on a Non-recurring Basis (Details) - Commercial Portfolio Segment [Member] - Real Estate Loan [Member] $ in Thousands | Sep. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Measurement Input, Cost to Sell [Member] | Minimum [Member] | ||
Impaired loans, Measurement Input | 0 | 0.17 |
Measurement Input, Cost to Sell [Member] | Maximum [Member] | ||
Impaired loans, Measurement Input | 0.09 | 0.51 |
Measurement Input, Cost to Sell [Member] | Weighted Average [Member] | ||
Impaired loans, Measurement Input | (0.03) | (0.37) |
Fair Value, Nonrecurring [Member] | ||
Impaired loans | $ 369 | $ 487 |
Note 10 - Business Combinatio_3
Note 10 - Business Combinations - Acquisition of Feather River Bancorp, Inc. (Details Textual) | Jul. 01, 2021 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Assets, Total | $ 1,500,000,000 | $ 1,653,071,000 | $ 1,614,074,000 |
Goodwill, Ending Balance | $ 5,502,000 | $ 5,502,000 | |
Feather River Bancorp, Inc. [Member] | |||
Payments to Acquire Businesses, Gross | $ 4,738,583 | ||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares | 598,020 | ||
Business Combination, Consideration Option, Cash, Per Share Price (in dollars per share) | $ / shares | $ 19.14 | ||
Business Combination, Consideration Option, Share, Per Share Price | 0.614 | ||
Business Combination, Consideration Transferred, Total | $ 23,395,000 | ||
Goodwill, Ending Balance | 5,502,000 | ||
Business Acquisition, Goodwill, Expected Tax Deductible Amount | $ 0 |
Note 10 - Business Combinatio_4
Note 10 - Business Combinations - Acquisition of Feather River Bancorp, Inc. - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Jul. 01, 2021 | Sep. 30, 2022 | Dec. 31, 2021 |
Goodwill | $ 5,502 | $ 5,502 | |
Feather River Bancorp, Inc. [Member] | |||
Cash and cash equivalents | $ 28,369 | ||
Loans | 160,409 | ||
Core deposit intangible | 1,037 | ||
Goodwill | 5,502 | ||
Bank premises and equipment | 2,657 | ||
Right of use asset | 2,359 | ||
Other assets | 4,627 | ||
Total assets acquired | 204,960 | ||
Non-interest bearing | 89,479 | ||
Savings accounts | 9,353 | ||
Money market accounts | 45,600 | ||
Time accounts | 32,279 | ||
Total deposits | 176,711 | ||
Lease Liabilities | 2,359 | ||
Deferred tax liability | 402 | ||
Other liabilities | 2,093 | ||
Total liabilities assumed | 181,565 | ||
Merger consideration (cash payments of $4.7 million and $18.7 million in stock) | 23,395 | ||
Assets acquired | 17,893 | ||
Lease liability | (2,359) | ||
Deferred tax liabilities (tax effect of purchase accounting adjustments at 29.56%) | (402) | ||
Merger consideration | 23,395 | ||
Assets acquired | (17,893) | ||
Feather River Bancorp, Inc. [Member] | Reported Value by Acquiree [Member] | |||
Assets acquired | 16,292 | ||
Assets acquired | (16,292) | ||
Feather River Bancorp, Inc. [Member] | Fair Value Adjustments [Member] | |||
Loans | 2,453 | ||
Core deposit intangible | 1,037 | ||
Bank premises and equipment | (1,218) | ||
Right of use asset | 2,359 | ||
Lease Liabilities | 2,359 | ||
Deferred tax liability | 671 | ||
Lease liability | (2,359) | ||
Total purchase accounting adjustments | 2,272 | ||
Deferred tax liabilities (tax effect of purchase accounting adjustments at 29.56%) | $ (671) |
Note 10 - Business Combinatio_5
Note 10 - Business Combinations - Acquisition of Feather River Bancorp, Inc. - Assets Acquired and Liabilities Assumed (Details) (Parentheticals) - Feather River Bancorp, Inc. [Member] | Jul. 01, 2021 USD ($) |
Cash payments | $ 4,738,583 |
Equity issued | $ 18,700,000 |