Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2023 | May 01, 2023 | |
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 | Q1 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2023 | |
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 | 5,863,748 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Assets | ||
Cash and cash equivalents | $ 105,676 | $ 183,426 |
Investment securities available for sale | 484,416 | 444,703 |
Loans held for sale | 0 | 2,301 |
Loans, less allowance for credit losses of $12,330 at March 31, 2023 and $10,717 at December 31, 2022 | 906,022 | 903,968 |
Other real estate owned | 83 | 0 |
Premises and equipment, net | 18,730 | 18,100 |
Bank owned life insurance | 15,797 | 16,020 |
Goodwill | 5,502 | 5,502 |
Accrued interest receivable and other assets | 42,256 | 47,024 |
Total assets | 1,578,482 | 1,621,044 |
Deposits: | ||
Non-interest bearing | 741,754 | 766,549 |
Interest bearing | 664,991 | 691,260 |
Total deposits | 1,406,745 | 1,457,809 |
Repurchase agreements | 16,914 | 18,624 |
Accrued interest payable and other liabilities | 16,000 | 15,297 |
Other borrowings | 10,000 | 0 |
Junior subordinated deferrable interest debentures | 0 | 10,310 |
Total liabilities | 1,449,659 | 1,502,040 |
Commitments and contingencies (Note 5) | ||
Shareholders’ equity: | ||
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding – 5,862,148 shares at March 31, 2023 and 5,850,216 at December 31, 2022 | 27,608 | 27,372 |
Retained earnings | 133,997 | 128,388 |
Accumulated other comprehensive loss, net | (32,782) | (36,756) |
Total shareholders’ equity | 128,823 | 119,004 |
Total liabilities and shareholders’ equity | $ 1,578,482 | $ 1,621,044 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Allowance for Credit Loss | $ 12,330 | $ 10,717 |
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) | 5,862,148 | 5,850,216 |
Common stock, shares outstanding (in shares) | 5,862,148 | 5,850,216 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Interest Income: | ||
Interest and fees on loans | $ 12,653 | $ 10,311 |
Interest and fees on loans held for sale | 41 | 305 |
Interest on investment securities | 3,728 | 1,531 |
Other | 1,365 | 168 |
Total interest income | 17,787 | 12,315 |
Interest Expense: | ||
Interest on deposits | 466 | 194 |
Interest on junior subordinated deferrable interest debentures | 141 | 88 |
Other | 31 | 18 |
Total interest expense | 638 | 300 |
Net interest income before provision for credit losses | 17,149 | 12,015 |
Provision for Credit Losses | 1,525 | 300 |
Net interest income after provision for credit losses | 15,624 | 11,715 |
Non-Interest Income: | ||
Gain on termination of swaps | 1,707 | 0 |
Interchange revenue | 718 | 762 |
Service charges | 617 | 566 |
Gain on sale of loans | 230 | 1,701 |
Other | 653 | 621 |
Total non-interest income | 3,925 | 3,650 |
Non-Interest Expenses: | ||
Salaries and employee benefits | 5,067 | 4,082 |
Occupancy and equipment | 1,340 | 1,137 |
Other | 2,817 | 2,454 |
Total non-interest expenses | 9,224 | 7,673 |
Income before provision for income taxes | 10,325 | 7,692 |
Provision for Income Taxes | 2,699 | 1,974 |
Net income | $ 7,626 | $ 5,718 |
Basic earnings per share (in dollars per share) | $ 1.30 | $ 0.98 |
Diluted earnings per share (in dollars per share) | $ 1.28 | $ 0.97 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Net income | $ 7,626 | $ 5,718 |
Other comprehensive income (loss): | ||
Change in net unrealized loss on securities | 7,645 | (23,349) |
Change in unrealized gain on cash flow hedge | (295) | 656 |
Less: reclassification adjustments for net gain included in net income | (1,707) | 0 |
Net unrealized holding loss | 5,643 | (22,693) |
Related tax effect: | ||
Change in net unrealized loss on securities | (2,261) | 6,902 |
Change in unrealized gain on cash flow hedge | 87 | (193) |
Reclassification of gain included in net income | 505 | 0 |
Income tax effect | (1,669) | 6,709 |
Other comprehensive income (loss) | 3,974 | (15,984) |
Total comprehensive income (loss) | $ 11,600 | $ (10,266) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock Including Additional Paid in Capital [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock Including Additional Paid in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
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 | 5,718 | 5,718 | ||||||
Other comprehensive loss | (15,984) | (15,984) | ||||||
Cash dividends on common stock | (932) | (932) | ||||||
Exercise of stock options and tax effect (in shares) | 19,775 | |||||||
Exercise of stock options and tax effect | $ 131 | 131 | ||||||
Stock-based compensation expense | $ 58 | 58 | ||||||
Balance (in shares) at Mar. 31, 2022 | 5,836,766 | |||||||
Balance at Mar. 31, 2022 | $ 26,990 | 110,467 | (14,384) | 123,073 | ||||
Balance (in shares) at Dec. 31, 2022 | 5,850,216 | |||||||
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022 | $ (554) | $ (554) | ||||||
Balance at Dec. 31, 2022 | $ 27,372 | 128,388 | (36,756) | 119,004 | ||||
Net income | 7,626 | 7,626 | ||||||
Other comprehensive loss | 3,974 | 3,974 | ||||||
Cash dividends on common stock | (1,463) | (1,463) | ||||||
Exercise of stock options and tax effect (in shares) | 11,932 | |||||||
Exercise of stock options and tax effect | $ 137 | 137 | ||||||
Stock-based compensation expense | $ 99 | 99 | ||||||
Balance (in shares) at Mar. 31, 2023 | 5,862,148 | |||||||
Balance at Mar. 31, 2023 | $ 27,608 | $ 133,997 | $ (32,782) | $ 128,823 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Cash Flows from Operating Activities: | |||
Net income | $ 7,626,000 | $ 5,718,000 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Provision for Credit Losses | 1,525,000 | 300,000 | $ 1,300,000 |
Change in deferred loan origination costs/fees, net | (93,000) | (1,064,000) | |
Depreciation and amortization | 386,000 | 458,000 | |
Stock-based compensation expense | 99,000 | 58,000 | |
Amortization of investment security premiums | 324,000 | 260,000 | |
Accretion of investment security discounts | (201,000) | (21,000) | |
Loss on sale of other vehicles | 0 | 27,000 | |
Gain on sale of loans held for sale | (230,000) | (1,701,000) | |
Loans originated for sale | (736,000) | (9,182,000) | |
Proceeds from loan sales | 4,627,000 | 26,618,000 | |
Earnings on bank-owned life insurance | (104,000) | (93,000) | |
Decrease in accrued interest receivable and other assets | 1,445,000 | 3,524,000 | |
Increase (decrease) in accrued interest payable and other liabilities | 170,000 | (2,045,000) | |
Net cash provided by operating activities | 14,838,000 | 22,857,000 | |
Cash Flows from Investing Activities: | |||
Proceeds from principal repayments from available-for-sale mortgage-backed securities | 7,011,000 | 7,780,000 | |
Proceeds from matured and called available-for-sale securities | 1,135,000 | 255,000 | |
Purchases of available-for-sale securities | (40,338,000) | (41,897,000) | |
Purchase of FRB stock | (2,000) | (2,000) | |
Net (increase) decrease in loans | (5,494,000) | 1,021,000 | |
Proceeds from sale of other vehicles | 139,000 | 126,000 | |
Proceeds from bank owned life insurance | 327,000 | 0 | |
Purchase of premises and equipment | (956,000) | (2,133,000) | |
Net cash used in investing activities | (38,178,000) | (34,850,000) | |
Cash Flows from Financing Activities: | |||
Net (decrease) increase in demand, interest bearing and savings deposits | (50,888,000) | 29,210,000 | |
Net decrease in time deposits | (176,000) | (552,000) | |
Net decrease in securities sold under agreements to repurchase | (1,710,000) | (7,425,000) | |
Cash dividends paid on common stock | (1,463,000) | (932,000) | |
Redemption of Trust Preferred Securities | (10,310,000) | 0 | |
Increase in other borrowings | 10,000,000 | 0 | |
Proceeds from exercise of stock options | 137,000 | 131,000 | |
Net cash (used in) provided by financing activities | (54,410,000) | 20,432,000 | |
(Decrease) increase in cash and cash equivalents | (77,750,000) | 8,439,000 | |
Cash and Cash Equivalents at Beginning of Year | 183,426,000 | 380,584,000 | 380,584,000 |
Cash and Cash Equivalents at End of Period | 105,676,000 | 389,023,000 | $ 183,426,000 |
Supplemental Disclosure of Cash Flow Information: | |||
Interest expense | 632,000 | 299,000 | |
Income taxes | 0 | 10,000 | |
Non-Cash Investing Activities: | |||
Real estate and vehicles acquired through foreclosure | 303,000 | 129,000 | |
Common stock retired in connection with the exercise of stock options | $ 154,000 | $ 84,000 |
Note 1 - The Business of Plumas
Note 1 - The Business of Plumas Bancorp | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. THE BUSINESS OF PLUMAS BANCORP During 2002, one September 26, 2002. September 28, 2005. March 2023 The Bank operates thirteen April 2023 December 2015 first 2018 |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2023 | |
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 December 31, 2022. December 31, 2022. March 2023 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 March 31, 2023 three December 31, 2022 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 2022 10 three March 31, 2023 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 Allowance for Credit Losses - Loans The allowance for credit losses (ACL) is a valuation account that is deducted from the loan's amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the recorded loan balance is confirmed as uncollectible. Expected recoveries do not Management estimates the allowance balance using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. The Company identified and accumulated loan cohort historical loss data beginning with the first 2004 not seven hundred fifty million three not A loan is considered to be collateral dependent when repayment is expected to be provided substantially through the operation or sale of the collateral. The ACL on collateral dependent loans is measured using the fair value of the underlying collateral, adjusted for costs to sell when applicable, less the amortized cost basis of the financial asset. If the value of underlying collateral is determined to be less than the recorded amount of the loan, a specific reserve for that loan is recorded. If the Company determines that the loss represented by the specific reserve is uncollectable it records a charge-off for the uncollectable portion. The Company has identified the following portfolio segments to evaluate and measure the allowance for credit loss: Commercial: Primarily based on the cash flow of the borrower, and secondarily on the underlying collateral provided by the borrower. A borrower's cash flow may may may may may may Agricultural: Loans secured by farmland represent unique risks that are associated with the operation of an agricultural business. The valuation of farmland can vary greatly over time based on the property's access to resources including but not two Real estate - residential: The most significant drivers of potential loss within the Company's residential real estate portfolio relate general, regional, or individual changes in economic conditions and their effect on employment and borrowers cash flow. Risk in this portfolio is best measured by changes in borrower credit score and loan-to-value. Loss estimates are based on economic outlook and its effects on employment and the value of homes and the Bank’s historical loss experience adjusted to reflect the economic outlook and the unemployment rate. Real estate - commercial: These credits are primarily susceptible to changes in the financial condition of the business operated by the property owner. This may may no may ten twenty-five five thirty Construction: While secured by real estate, construction loans represent a greater level of risk than term real estate loans due to the nature of the additional risks associated with the not Home equity lines of credit (HELOC): Similar to residential real estate term loans, HELOC performance is also primarily driven by borrower cash flows based on employment status. However, HELOCs carry additional risks associated with the fact that most of these loans are secured by a deed of trust in a position that is junior to the primary lien holder. Furthermore, the risk that as the borrower's financial strength deteriorates, the outstanding balance on these credit lines may may Automobile: Automobile loans are susceptible to three Other: Other loans primarily consist of consumer loans and are similar in nature to automobile loans. Unfunded commitments: The estimated credit losses associated with these unfunded lending commitments is calculated using the same models and methodologies noted above and incorporate utilization assumptions at time of default. The reserve for unfunded commitments is maintained on the balance sheet in other liabilities. Reclassification Some items in the prior year consolidated financial statements were reclassified to conform to the current presentation. Reclassifications had no Accounting Standards Adopted in 2023 On January 1, 2023, 2016 03 Financial Instruments Credit Losses (Topic 326 not 326 The Company adopted ASC 326 January 1, 2023 326 326 310 30. not On January 1, 2023, 2020 04 Reference Rate Reform (Topic 848 . no not 2020 04 December 2022, 2022 06, Reference Rate Reform (Topic 848 848. 2022 06 2020 04 December 2024. not On January 1, 2023, 2022 02 Credit Losses (Topic 326 not |
Note 3 - Investment Securities
Note 3 - Investment Securities Available for Sale | 3 Months Ended |
Mar. 31, 2023 | |
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 March 31, 2023 December 31, 2022 Available-for-Sale March 31, 2023 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Treasury securities $ 9,957 $ - $ (187 ) $ 9,770 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 257,668 432 (21,375 ) 236,725 U.S. Government-agencies collateralized by mortgage obligations - commercial 122,003 618 (11,960 ) 110,661 Obligations of states and political subdivisions 141,328 635 (14,703 ) 127,260 $ 530,956 $ 1,685 $ (48,225 ) $ 484,416 Unrealized losses on available-for-sale investment securities totaling $46,540,000 were recorded, net of $13,758,000 in tax benefit, as accumulated other comprehensive loss within shareholders' equity at March 31, 2023 three March 31, 2023 Available-for-Sale December 31, 2022 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Treasury securities $ 9,950 $ - $ (243 ) $ 9,707 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 238,253 214 (24,059 ) 214,408 U.S. Government-agencies collateralized by mortgage obligations - commercial 112,142 143 (12,704 ) 99,581 Obligations of states and political subdivisions 138,541 243 (17,777 ) 121,007 $ 498,886 $ 600 $ (54,783 ) $ 444,703 Unrealized losses on available-for-sale investment securities totaling $54,183,000 were recorded, net of $16,017,000 in tax expense, as accumulated other comprehensive income within shareholders' equity at December 31, 2022 No three March 31, 2022 There were no three March 31, 2023 twelve December 31, 2022 March 31, 2023 December 31, 2022 Investment securities with unrealized losses at March 31, 2023 December 31, 2022 March 31, 2023 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 $ 9,770 $ 187 $ - $ - $ 9,770 $ 187 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 78,713 2,504 115,974 18,871 194,687 21,375 U.S. Government-agencies collateralized by mortgage obligations - commercial 35,350 1,172 49,192 10,788 84,542 11,960 Obligations of states and political subdivisions 34,431 645 62,053 14,058 96,484 14,703 $ 158,264 $ 4,508 $ 227,219 $ 43,717 $ 385,483 $ 48,225 December 31, 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 $ 9,707 $ 243 $ - $ - $ 9,707 $ 243 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 140,117 12,070 54,017 11,989 194,134 24,059 U.S. Government-agencies collateralized by mortgage obligations - commercial 42,799 2,845 42,363 9,859 85,162 12,704 Obligations of states and political subdivisions 89,092 11,421 16,768 6,356 105,860 17,777 $ 281,715 $ 26,579 $ 113,148 $ 28,204 $ 394,863 $ 54,783 At March 31, 2023, twelve twelve first not March 31, 2023 The amortized cost and estimated fair value of investment in debt securities at March 31, 2023 Amortized Cost Estimated Fair Value Within one year $ 3,930 $ 3,886 After one year through five years 13,675 13,521 After five years through ten years 11,063 10,918 After ten years 122,617 108,705 Investment securities not due at a single maturity date: Government- agencies commercial mortgage-backed securities 122,003 110,661 Government-sponsored agencies residential mortgage-backed securities 257,668 236,725 $ 530,956 $ 484,416 Expected maturities will differ from contractual maturities because the issuers of the securities may Investment securities with amortized costs totaling $186,491,000 and $189,358,000 and estimated fair values totaling $165,855,000 and $166,728,000 at March 31, 2023 December 31, 2022 |
Note 4 - Loans and the Allowanc
Note 4 - Loans and the Allowance for Credit Losses | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. Outstanding loans are summarized below, in thousands: March 31, December 31, 2023 2022 Commercial $ 76,738 $ 76,680 Agricultural 118,089 122,873 Real estate – residential 14,734 15,324 Real estate – commercial 521,884 516,107 Real estate – construction and land development 42,726 43,420 Equity lines of credit 35,805 35,891 Auto 100,670 96,750 Other 4,958 4,904 Total loans 915,604 911,949 Deferred loan costs, net 2,748 2,736 Loans, amortized cost basis 918,352 914,685 Allowance for credit losses (12,330 ) (10,717 ) Total net loans $ 906,022 $ 903,968 To estimate expected losses the Company generally utilizes historical loss trends and the remaining contractual lives of the loan portfolios to determine estimated credit losses through a reasonable and supportable forecast period. Individual loan credit quality indicators including loan grade and borrower repayment performance have been statistically correlated with historical credit losses and various econometrics, including California unemployment rates, California Housing Prices, California gross domestic product, California Retail Trade Earnings and Wall Street Journal Prime Rate. Model forecasts may January 1, 2023, 326, March 31, 2023, four March 31, 2023 In determining the allowance for credit losses, accruing loans with similar risk characteristics are generally evaluated collectively. The Company's policy is that loans designated as nonaccrual no March 31, 2023 The implementation of CECL also impacted the Company's ACL on unfunded loan commitments, as the ACL now represents expected credit losses over the contractual life of commitments not Changes in the allowance for credit losses, in thousands, were as follows: March 31, December 31, 2023 2022 Balance, beginning of period $ 10,717 $ 10,352 Cumulative change from adoption of ASU 2016-13 529 - Provision charged to operations - loans 1,250 1,300 Losses charged to allowance (308 ) (1,461 ) Recoveries 142 526 Balance, end of period $ 12,330 $ 10,717 Salaries and employee benefits totaling $562,000 and $1,062,000 have been deferred as loan origination costs during the three March 31, 2023 2022 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 For other loans, which are primarily consumer loans, and automobile loans the Company evaluates credit quality based on the aging status of the loan and by payment activity. The following table shows the loan portfolio allocated by management's internal risk ratings or payment activity at the dates indicated, in thousands: Term Loans Amortized Cost Basis by Origination Year and Risk Grades - As of March 31, 2023 (in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Book Amortized Cost Basis Revolving Loans Converted to Term Amortized Cost Basis Total - Amortized Cost Basis Commercial Pass $ 2,330 $ 24,191 $ 12,080 $ 5,316 $ 5,344 $ 6,418 $ 14,352 $ - $ 70,031 Special Mention - 349 427 322 - 24 1,565 - 2,687 Substandard - 2,204 239 49 4 - 2,000 - 4,496 Total Commercial loans $ 2,330 $ 26,744 $ 12,746 $ 5,687 $ 5,348 $ 6,442 $ 17,917 $ - $ 77,214 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Agricultural Pass $ 1,236 $ 20,577 $ 14,542 $ 15,684 $ 12,609 $ 22,899 $ 13,263 $ - $ 100,810 Special Mention 807 3,497 97 1,038 214 796 704 - 7,153 Substandard - 4,988 4,496 - 768 251 - - 10,503 Total Agricultural $ 2,043 $ 29,062 $ 19,135 $ 16,722 $ 13,591 $ 23,946 $ 13,967 $ - $ 118,466 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Real Estate - Residential Pass $ 534 $ 1,086 $ 2,299 $ 2,510 $ 578 $ 6,801 $ 515 $ - $ 14,323 Special Mention - - - - 68 - - - 68 Substandard - - - - - 384 - - 384 Total Real Estate - Residential $ 534 $ 1,086 $ 2,299 $ 2,510 $ 646 $ 7,185 $ 515 $ - $ 14,775 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Real Estate -Commercial Pass $ 6,468 $ 112,033 $ 88,280 $ 107,565 $ 42,282 $ 152,951 $ 5,957 $ - $ 515,536 Special Mention - - - - 374 2,729 - - 3,103 Substandard - 14 - - - 3,017 - - 3,031 Total Real Estate -Commercial $ 6,468 $ 112,047 $ 88,280 $ 107,565 $ 42,656 $ 158,697 $ 5,957 $ - $ 521,670 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Real Estate -Construction Pass $ 1,653 $ 19,522 $ 17,160 $ 2,672 $ 632 $ 703 $ - $ - $ 42,342 Special Mention - - - - - - - - - Substandard - - - - - - - - - Total Real Estate -Construction $ 1,653 $ 19,522 $ 17,160 $ 2,672 $ 632 $ 703 $ - $ - $ 42,342 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Equity LOC Pass $ - $ - $ - $ - $ - $ 34,909 $ 1,056 $ 35,965 Substandard - - - - - 254 394 648 Total Equity LOC $ - $ - $ - $ - $ - $ - $ 35,163 $ 1,450 $ 36,613 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Pass $ 12,221 $ 177,409 $ 134,361 $ 133,747 $ 61,445 $ 189,772 $ 68,996 $ 1,056 $ 779,007 Special Mention 807 3,846 524 1,360 656 3,549 2,269 - 13,011 Substandard - 7,206 4,735 49 772 3,652 2,254 394 19,062 Total $ 13,028 $ 188,461 $ 139,620 $ 135,156 $ 62,873 $ 196,973 $ 73,519 $ 1,450 $ 811,080 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Auto Performing $ 10,564 $ 40,193 $ 21,409 $ 11,996 $ 9,928 $ 7,319 $ - $ - $ 101,409 Non-performing - 28 348 218 208 61 - 863 Total Auto $ 10,564 $ 40,221 $ 21,757 $ 12,214 $ 10,136 $ 7,380 $ - $ - $ 102,272 Current period gross charge-offs $ - $ 15 $ 116 $ 17 $ 82 $ 63 $ - $ - $ 293 Other Performing $ 655 $ 2,232 $ 1,174 $ 490 $ 218 $ 37 $ 173 $ - $ 4,979 Non-performing - - 21 - - - - - 21 Total Other $ 655 $ 2,232 $ 1,195 $ 490 $ 218 $ 37 $ 173 $ - $ 5,000 Current period gross charge-offs $ - $ - $ 8 $ 4 $ 1 $ - $ 2 $ - $ 15 Total Performing $ 11,219 $ 42,425 $ 22,583 $ 12,486 $ 10,146 $ 7,356 $ 173 $ - $ 106,388 Non-performing - 28 369 218 208 61 - - 884 Total $ 11,219 $ 42,453 $ 22,952 $ 12,704 $ 10,354 $ 7,417 $ 173 $ - $ 107,272 Current period gross charge-offs $ - $ 15 $ 124 $ 21 $ 83 $ 63 $ 2 $ - $ 308 December 31, 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 $ 68,577 $ 111,276 $ 14,932 $ 510,504 $ 43,337 $ 35,475 $ 784,101 Special Mention 8,047 10,651 161 3,934 - - 22,793 Substandard 56 946 231 1,669 83 416 3,401 Doubtful - - - - - - - Total $ 76,680 $ 122,873 $ 15,324 $ 516,107 $ 43,420 $ 35,891 $ 810,295 Consumer Credit Exposure Credit Risk Profile Based on Payment Activity December 31, 2022 Auto Other Total Grade: Performing $ 96,298 $ 4,904 $ 101,202 Non-performing 452 - 452 Total $ 96,750 $ 4,904 $ 101,654 The following table show information related to impaired loans at December 31, 2022, Unpaid Average Interest Recorded Principal Related Recorded Income As of December 31, 2022: Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural 232 232 - 235 17 Real estate – residential 509 541 - 514 29 Real estate – commercial - - - - - Real estate – construction & land 94 94 - 98 6 Equity Lines of Credit 244 301 - 254 - Auto - - - - - Other - - - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural - - - - - Real estate – residential 169 169 20 170 7 Real estate – commercial - - - - - Real estate – construction & land - - - - - Equity Lines of Credit - - - - - Auto - - - - - Other - - - - - Total: Commercial $ - $ - $ - $ - $ - Agricultural 232 232 - 235 17 Real estate – residential 678 710 20 684 36 Real estate – commercial - - - - - Real estate – construction & land 94 94 - 98 6 Equity Lines of Credit 244 301 - 254 - Auto - - - - - Other - - - - - Total $ 1,248 $ 1,337 $ 20 $ 1,271 $ 59 The following table shows the ending balance of nonaccrual loans by loan category as of the date indicated: Non Performing Loans March 31, 2023 December 31, 2022 (in thousands) Nonaccrual with no allowance for credit losses Total nonaccrual Past due 90 days or more and still accruing Nonaccrual with no allowance for credit losses Total nonaccrual Past due 90 days or more and still accruing Commercial $ 58 $ 58 $ - $ - $ - $ - Agricultural - 847 214 - - - Real estate – residential 201 201 - 211 211 - Real estate – commercial 965 965 154 9 9 - Real estate – construction & land development - - - 83 83 - Equity lines of credit 648 648 - 417 417 - Auto 863 863 - 452 452 - Other 21 21 - - - - Total Gross Loans $ 2,756 $ 3,603 $ 368 $ 1,172 $ 1,172 $ - At March 31, 2023 one The following tables show the allocation of the allowance for credit losses at the dates indicated, in thousands: Three Months Ended March 31, 2023: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Auto Other Total Allowance for credit losses Beginning balance $ 892 $ 1,086 $ 138 $ 4,980 $ 1,500 $ 687 $ 1,289 $ 145 $ 10,717 Impact of CECL Adoption 354 148 2 1,488 (951 ) (421 ) 9 (100 ) 529 Charge-offs - - - - - - (293 ) (15 ) (308 ) Recoveries 6 - 1 1 - - 131 3 142 Provision 223 73 21 271 214 64 368 16 1,250 Ending balance $ 1,475 $ 1,307 $ 162 $ 6,740 $ 763 $ 330 $ 1,504 $ 49 $ 12,330 Three Months Ended March 31, 2022: Allowance for credit losses Beginning balance $ 1,074 $ 791 $ 168 $ 4,549 $ 1,325 $ 426 $ 1,911 $ 108 $ 10,352 Charge-offs - - - (19 ) - - (335 ) (19 ) (373 ) Recoveries 6 - - - - - 114 3 123 Provision (187 ) 156 (36 ) (208 ) 220 128 190 37 300 Ending balance $ 893 $ 947 $ 132 $ 4,322 $ 1,545 $ 554 $ 1,880 $ 129 $ 10,402 March 31, 2022 Allowance for credit losses Ending balance: individually evaluated for impairment $ - $ - $ 23 $ - $ - $ - $ - $ - $ 23 Ending balance: collectively evaluated for impairment 893 947 109 4,322 1,545 554 1,880 129 10,379 Ending balance $ 893 $ 947 $ 132 $ 4,322 $ 1,545 $ 554 $ 1,880 $ 129 $ 10,402 Loans Ending balance: individually evaluated for impairment $ - $ 237 $ 699 $ 3,276 $ 100 $ 362 $ - $ - $ 4,674 Ending balance: collectively evaluated for impairment 96,787 123,179 14,938 420,235 55,568 32,240 86,768 4,297 834,012 Ending balance $ 96,787 $ 123,416 $ 15,637 $ 423,511 $ 55,668 $ 32,602 $ 86,768 $ 4,297 $ 838,686 Year Ended December 31, 2022: Allowance for credit losses Beginning balance $ 1,074 $ 791 $ 168 $ 4,549 $ 1,325 $ 426 $ 1,911 $ 108 $ 10,352 Charge-offs (207 ) - - (19 ) - - (1,195 ) (40 ) (1,461 ) Recoveries 27 - 3 2 - - 482 12 526 Provision (2 ) 295 (33 ) 448 175 261 91 65 1,300 Ending balance $ 892 $ 1,086 $ 138 $ 4,980 $ 1,500 $ 687 $ 1,289 $ 145 $ 10,717 Allowance for credit losses Ending balance: individually evaluated for impairment $ - $ - $ 20 $ - $ - $ - $ - $ - $ 20 Ending balance: collectively evaluated for impairment 892 1,086 118 4,980 1,500 687 1,289 145 10,697 Ending balance $ 892 $ 1,086 $ 138 $ 4,980 $ 1,500 $ 687 $ 1,289 $ 145 $ 10,717 Loans Ending balance: individually evaluated for impairment $ - $ 232 $ 678 $ - $ 94 $ 244 $ - $ - $ 1,248 Ending balance: collectively evaluated for impairment 76,680 122,641 14,646 516,107 43,326 35,647 96,750 4,904 910,701 Ending balance $ 76,680 $ 122,873 $ 15,324 $ 516,107 $ 43,420 $ 35,891 $ 96,750 $ 4,904 $ 911,949 The following table shows an aging analysis of the loan portfolio by the time past due, in thousands: Total March 31, 2023 90 Days Past Due 30-59 Days 60-89 Days and Still and Past Due Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 1,667 $ 2,261 $ - $ 58 $ 3,986 $ 73,228 $ 77,214 Agricultural 373 - 214 847 1,434 117,032 118,466 Real estate – residential - - - 201 201 14,574 14,775 Real estate – commercial 1,888 - 154 965 3,007 518,663 521,670 Real estate - construction & land 938 - - - 938 41,404 42,342 Equity Lines of Credit 64 134 - 648 846 35,767 36,613 Auto 1,426 452 0 863 2,741 99,531 102,272 Other 75 - 0 21 96 4,904 5,000 Total $ 6,431 $ 2,847 $ 368 $ 3,603 $ 13,249 $ 905,103 $ 918,352 Total December 31, 2022 90 Days Past Due 30-89 Days 60-89 Days and Still and Past Due Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 750 $ 195 $ - $ - $ 945 $ 75,735 $ 76,680 Agricultural 877 - - - 877 121,996 122,873 Real estate – residential 437 - - 211 648 14,676 15,324 Real estate - commercial 3,255 - - 9 3,264 512,843 516,107 Real estate - construction & land - - - 83 83 43,337 43,420 Equity Lines of Credit 665 53 - 417 1,135 34,756 35,891 Auto 1,862 693 - 452 3,007 93,743 96,750 Other 1 14 - - 15 4,889 4,904 Total $ 7,847 $ 955 $ - $ 1,172 $ 9,974 $ 901,975 $ 911,949 The following tables present the amortized cost basis of collateral dependent loans by class of loans at March 31, 2023, March 31, 2023 SFR-1st SFR-2nd Auto Auto Office Crops Deed Deed New Used Total Commercial $ - $ - $ 57 $ - $ - $ - $ 57 Agricultural - 847 - - - - 847 Real estate – residential - - 201 - - - 201 Real estate – commercial 951 - - 14 - - 965 Real estate - construction & land - - - - - - - Equity Lines of Credit - - 296 352 - - 648 Auto - - - - 608 255 863 Other - - - - - - - Total $ 951 $ 847 $ 554 $ 366 $ 608 $ 255 $ 3,581 There were no modifications of loans to debtors experiencing financial difficulty during the three March 31, 2023. twelve December 31, 2022.There twelve twelve December 31, 2022. |
Note 5 - Commitments and Contin
Note 5 - Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2023 | |
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 March 31, 2023 December 31, 2022 Of the loan commitments outstanding at March 31, 2023 twelve not may March 31, 2023 December 31, 2022 Stand-by letters of credit are conditional commitments written to guarantee the performance of a customer to a third not March 31, 2023. |
Note 6 - Earnings Per Share
Note 6 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2023 | |
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 March 31, (In thousands, except per share data) 2023 2022 Net Income: Net income $ 7,626 $ 5,718 Earnings Per Share: Basic earnings per share $ 1.30 $ 0.98 Diluted earnings per share $ 1.28 $ 0.97 Weighted Average Number of Shares Outstanding: Basic shares 5,855 5,824 Diluted shares 5,940 5,920 There were no stock options having an antidilutive effect during the three March 31, 2023, 2022. |
Note 7 - Stock-based Compensati
Note 7 - Stock-based Compensation | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | 7. In May 2022, 2022 “2022 2013 2022 2022 may 2022 In May 2013, 2013 2022 no may 2013 No options were granted during the three March 31, 2023 2022. 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, 2023 189,917 $ 21.14 Options exercised (15,500 ) 18.83 Options outstanding at March 31, 2023 174,417 $ 21.35 3.7 $ 2,216,840 Options exercisable at March 31, 2023 144,567 $ 21.29 3.5 $ 1,846,121 Expected to vest after March 31, 2023 26,187 $ 21.66 4.6 $ 324,773 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 March 31, 2023 117,200 31.00 9.1 $ 358,632 Options exercisable at March 31, 2023 - - - - Expected to vest after March 31, 2023 102,820 $ 31.00 9.1 $ 314,628 As of March 31, 2023 2013 March 31, 2023 2022 The total fair value of options vested during the three March 31, 2023 2022 three March 31, 2023 2022 Compensation cost related to stock options recognized in operating results under the stock option plans was $87,000 and $58,000 for the three March 31, 2023 2022 three March 31, 2023 2022 Cash received from option exercises under the 2013 three March 31, 2023 2022 three March 31, 2023 2022 During the three September 30, 2022 one three March 31, 2023 March 31, 2023 |
Note 8 - Income Taxes
Note 8 - Income Taxes | 3 Months Ended |
Mar. 31, 2023 | |
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 three March 31, 2023 |
Note 9 - Fair Value Measurement
Note 9 - Fair Value Measurement | 3 Months Ended |
Mar. 31, 2023 | |
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 March 31, 2023 Fair Value Measurements at March 31, 2023, Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 105,676 $ 105,676 $ - $ - $ 105,676 Investment securities 484,416 - 484,416 - 484,416 Loans, net 906,022 - - 888,286 888,286 FHLB stock 4,964 - - - N/A FRB Stock 1,366 - - - N/A Accrued interest receivable 7,329 86 2,673 4,570 7,329 Financial liabilities: Deposits 1,406,745 1,357,735 49,449 - 1,407,184 Repurchase agreements 16,914 - 16,914 - 16,914 Note Payable 10,000 - - 8,642 8,642 Accrued interest payable 87 24 50 13 87 The carrying amounts and estimated fair values of financial instruments, at December 31, 2022 Fair Value Measurements at December 31, 2022 Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 183,426 $ 183,426 $ - $ - $ 183,426 Investment securities 444,703 - 444,703 - 444,703 Interest rate swaps 2,002 - 2,002 - 2,002 Loans held for sale 2,301 - 2,301 - 2,301 Loans, net 903,968 - - 884,814 884,814 FHLB stock 4,964 - - - N/A FRB Stock 1,364 - - - N/A Accrued interest receivable 7,433 63 2,309 5,061 7,433 Financial liabilities: Deposits 1,457,809 1,408,623 49,627 - 1,458,250 Repurchase agreements 18,624 - 18,624 - 18,624 Junior subordinated deferrable interest debentures 10,310 - - 7,770 7,770 Accrued interest payable 81 16 40 25 81 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 March 31, 2023 December 31, 2022 Assets and liabilities measured at fair value on a recurring basis at March 31, 2023 Fair Value Measurements at March 31, 2023 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 $ 9,770 $ - $ 9,770 $ - U.S. Government-sponsored agencies collateralized by mortgage obligations- residential 236,725 - 236,725 - U.S. Government agencies collateralized by mortgage obligations-commercial 110,661 - 110,661 - Obligations of states and political subdivisions 127,260 - 127,260 - $ 484,416 $ - $ 484,416 $ - Assets and liabilities measured at fair value on a recurring basis at December 31, 2022 Fair Value Measurements at December 31, 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 $ 9,707 $ - $ 9,707 $ - U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 214,408 - 214,408 - U.S. Government-agencies collateralized by mortgage obligations - commercial 99,581 - 99,581 - Obligations of states and political subdivisions 121,007 - 121,007 - Interest rate swaps 2,002 - 2,002 - $ 446,705 $ - $ 446,705 $ - The fair value of securities available-for-sale equals quoted market price, if available. If quoted market prices are not no 2023 2022 Assets and liabilities measured at fair value on a non-recurring basis at March 31, 2023 Fair Value Measurements at March 31, 2023 Using Quoted Prices in Total Active Significant Losses Markets for Other Significant Three Months Identical Observable Unobservable Ended Assets Inputs Inputs March 31, Total Fair Value (Level 1) (Level 2) (Level 3) 2023 Assets: Impaired loans RE – Agricultural $ 576 $ - $ - $ 576 $ 271 Other Real Estate: RE – Residential 83 $ - $ - $ 83 $ - There were no assets measured at fair value on a non-recurring basis at December 31, 2022 no The following methods were used to estimate fair value. Collateral-Dependent Impaired Loans: not third 3 three March 31, 2023, three March 31, 2022. 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 March 31, 2023 December 31, 2022 Fair Value Fair Value Valuation Range (Weighted Average) Range (Weighted Average) Description 3/31/2023 12/31/2022 Technique Significant Unobservable Input 3/31/2023 12/31/2022 Impaired Loans: RE – Agricultural $ 576 $ - Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 32 % (32% ) Other Real Estate: RE – Residential $ 83 $ - Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 8 % (8% ) |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
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 December 31, 2022. December 31, 2022. March 2023 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 March 31, 2023 three December 31, 2022 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 2022 10 three March 31, 2023 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 |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Credit Losses - Loans The allowance for credit losses (ACL) is a valuation account that is deducted from the loan's amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the recorded loan balance is confirmed as uncollectible. Expected recoveries do not Management estimates the allowance balance using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. The Company identified and accumulated loan cohort historical loss data beginning with the first 2004 not seven hundred fifty million three not A loan is considered to be collateral dependent when repayment is expected to be provided substantially through the operation or sale of the collateral. The ACL on collateral dependent loans is measured using the fair value of the underlying collateral, adjusted for costs to sell when applicable, less the amortized cost basis of the financial asset. If the value of underlying collateral is determined to be less than the recorded amount of the loan, a specific reserve for that loan is recorded. If the Company determines that the loss represented by the specific reserve is uncollectable it records a charge-off for the uncollectable portion. The Company has identified the following portfolio segments to evaluate and measure the allowance for credit loss: Commercial: Primarily based on the cash flow of the borrower, and secondarily on the underlying collateral provided by the borrower. A borrower's cash flow may may may may may may Agricultural: Loans secured by farmland represent unique risks that are associated with the operation of an agricultural business. The valuation of farmland can vary greatly over time based on the property's access to resources including but not two Real estate - residential: The most significant drivers of potential loss within the Company's residential real estate portfolio relate general, regional, or individual changes in economic conditions and their effect on employment and borrowers cash flow. Risk in this portfolio is best measured by changes in borrower credit score and loan-to-value. Loss estimates are based on economic outlook and its effects on employment and the value of homes and the Bank’s historical loss experience adjusted to reflect the economic outlook and the unemployment rate. Real estate - commercial: These credits are primarily susceptible to changes in the financial condition of the business operated by the property owner. This may may no may ten twenty-five five thirty Construction: While secured by real estate, construction loans represent a greater level of risk than term real estate loans due to the nature of the additional risks associated with the not Home equity lines of credit (HELOC): Similar to residential real estate term loans, HELOC performance is also primarily driven by borrower cash flows based on employment status. However, HELOCs carry additional risks associated with the fact that most of these loans are secured by a deed of trust in a position that is junior to the primary lien holder. Furthermore, the risk that as the borrower's financial strength deteriorates, the outstanding balance on these credit lines may may Automobile: Automobile loans are susceptible to three Other: Other loans primarily consist of consumer loans and are similar in nature to automobile loans. Unfunded commitments: The estimated credit losses associated with these unfunded lending commitments is calculated using the same models and methodologies noted above and incorporate utilization assumptions at time of default. The reserve for unfunded commitments is maintained on the balance sheet in other liabilities. |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassification Some items in the prior year consolidated financial statements were reclassified to conform to the current presentation. Reclassifications had no |
New Accounting Pronouncements, Policy [Policy Text Block] | Accounting Standards Adopted in 2023 On January 1, 2023, 2016 03 Financial Instruments Credit Losses (Topic 326 not 326 The Company adopted ASC 326 January 1, 2023 326 326 310 30. not On January 1, 2023, 2020 04 Reference Rate Reform (Topic 848 . no not 2020 04 December 2022, 2022 06, Reference Rate Reform (Topic 848 848. 2022 06 2020 04 December 2024. not On January 1, 2023, 2022 02 Credit Losses (Topic 326 not |
Note 3 - Investment Securitie_2
Note 3 - Investment Securities Available for Sale (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] | Available-for-Sale March 31, 2023 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Treasury securities $ 9,957 $ - $ (187 ) $ 9,770 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 257,668 432 (21,375 ) 236,725 U.S. Government-agencies collateralized by mortgage obligations - commercial 122,003 618 (11,960 ) 110,661 Obligations of states and political subdivisions 141,328 635 (14,703 ) 127,260 $ 530,956 $ 1,685 $ (48,225 ) $ 484,416 Available-for-Sale December 31, 2022 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Treasury securities $ 9,950 $ - $ (243 ) $ 9,707 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 238,253 214 (24,059 ) 214,408 U.S. Government-agencies collateralized by mortgage obligations - commercial 112,142 143 (12,704 ) 99,581 Obligations of states and political subdivisions 138,541 243 (17,777 ) 121,007 $ 498,886 $ 600 $ (54,783 ) $ 444,703 |
Schedule of Unrealized Loss on Investments [Table Text Block] | March 31, 2023 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 $ 9,770 $ 187 $ - $ - $ 9,770 $ 187 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 78,713 2,504 115,974 18,871 194,687 21,375 U.S. Government-agencies collateralized by mortgage obligations - commercial 35,350 1,172 49,192 10,788 84,542 11,960 Obligations of states and political subdivisions 34,431 645 62,053 14,058 96,484 14,703 $ 158,264 $ 4,508 $ 227,219 $ 43,717 $ 385,483 $ 48,225 December 31, 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 $ 9,707 $ 243 $ - $ - $ 9,707 $ 243 U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 140,117 12,070 54,017 11,989 194,134 24,059 U.S. Government-agencies collateralized by mortgage obligations - commercial 42,799 2,845 42,363 9,859 85,162 12,704 Obligations of states and political subdivisions 89,092 11,421 16,768 6,356 105,860 17,777 $ 281,715 $ 26,579 $ 113,148 $ 28,204 $ 394,863 $ 54,783 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Cost Estimated Fair Value Within one year $ 3,930 $ 3,886 After one year through five years 13,675 13,521 After five years through ten years 11,063 10,918 After ten years 122,617 108,705 Investment securities not due at a single maturity date: Government- agencies commercial mortgage-backed securities 122,003 110,661 Government-sponsored agencies residential mortgage-backed securities 257,668 236,725 $ 530,956 $ 484,416 |
Note 4 - Loans and the Allowa_2
Note 4 - Loans and the Allowance for Credit Losses (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, 2023 2022 Commercial $ 76,738 $ 76,680 Agricultural 118,089 122,873 Real estate – residential 14,734 15,324 Real estate – commercial 521,884 516,107 Real estate – construction and land development 42,726 43,420 Equity lines of credit 35,805 35,891 Auto 100,670 96,750 Other 4,958 4,904 Total loans 915,604 911,949 Deferred loan costs, net 2,748 2,736 Loans, amortized cost basis 918,352 914,685 Allowance for credit losses (12,330 ) (10,717 ) Total net loans $ 906,022 $ 903,968 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | March 31, December 31, 2023 2022 Balance, beginning of period $ 10,717 $ 10,352 Cumulative change from adoption of ASU 2016-13 529 - Provision charged to operations - loans 1,250 1,300 Losses charged to allowance (308 ) (1,461 ) Recoveries 142 526 Balance, end of period $ 12,330 $ 10,717 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Term Loans Amortized Cost Basis by Origination Year and Risk Grades - As of March 31, 2023 (in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Book Amortized Cost Basis Revolving Loans Converted to Term Amortized Cost Basis Total - Amortized Cost Basis Commercial Pass $ 2,330 $ 24,191 $ 12,080 $ 5,316 $ 5,344 $ 6,418 $ 14,352 $ - $ 70,031 Special Mention - 349 427 322 - 24 1,565 - 2,687 Substandard - 2,204 239 49 4 - 2,000 - 4,496 Total Commercial loans $ 2,330 $ 26,744 $ 12,746 $ 5,687 $ 5,348 $ 6,442 $ 17,917 $ - $ 77,214 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Agricultural Pass $ 1,236 $ 20,577 $ 14,542 $ 15,684 $ 12,609 $ 22,899 $ 13,263 $ - $ 100,810 Special Mention 807 3,497 97 1,038 214 796 704 - 7,153 Substandard - 4,988 4,496 - 768 251 - - 10,503 Total Agricultural $ 2,043 $ 29,062 $ 19,135 $ 16,722 $ 13,591 $ 23,946 $ 13,967 $ - $ 118,466 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Real Estate - Residential Pass $ 534 $ 1,086 $ 2,299 $ 2,510 $ 578 $ 6,801 $ 515 $ - $ 14,323 Special Mention - - - - 68 - - - 68 Substandard - - - - - 384 - - 384 Total Real Estate - Residential $ 534 $ 1,086 $ 2,299 $ 2,510 $ 646 $ 7,185 $ 515 $ - $ 14,775 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Real Estate -Commercial Pass $ 6,468 $ 112,033 $ 88,280 $ 107,565 $ 42,282 $ 152,951 $ 5,957 $ - $ 515,536 Special Mention - - - - 374 2,729 - - 3,103 Substandard - 14 - - - 3,017 - - 3,031 Total Real Estate -Commercial $ 6,468 $ 112,047 $ 88,280 $ 107,565 $ 42,656 $ 158,697 $ 5,957 $ - $ 521,670 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Real Estate -Construction Pass $ 1,653 $ 19,522 $ 17,160 $ 2,672 $ 632 $ 703 $ - $ - $ 42,342 Special Mention - - - - - - - - - Substandard - - - - - - - - - Total Real Estate -Construction $ 1,653 $ 19,522 $ 17,160 $ 2,672 $ 632 $ 703 $ - $ - $ 42,342 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Equity LOC Pass $ - $ - $ - $ - $ - $ 34,909 $ 1,056 $ 35,965 Substandard - - - - - 254 394 648 Total Equity LOC $ - $ - $ - $ - $ - $ - $ 35,163 $ 1,450 $ 36,613 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Pass $ 12,221 $ 177,409 $ 134,361 $ 133,747 $ 61,445 $ 189,772 $ 68,996 $ 1,056 $ 779,007 Special Mention 807 3,846 524 1,360 656 3,549 2,269 - 13,011 Substandard - 7,206 4,735 49 772 3,652 2,254 394 19,062 Total $ 13,028 $ 188,461 $ 139,620 $ 135,156 $ 62,873 $ 196,973 $ 73,519 $ 1,450 $ 811,080 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Auto Performing $ 10,564 $ 40,193 $ 21,409 $ 11,996 $ 9,928 $ 7,319 $ - $ - $ 101,409 Non-performing - 28 348 218 208 61 - 863 Total Auto $ 10,564 $ 40,221 $ 21,757 $ 12,214 $ 10,136 $ 7,380 $ - $ - $ 102,272 Current period gross charge-offs $ - $ 15 $ 116 $ 17 $ 82 $ 63 $ - $ - $ 293 Other Performing $ 655 $ 2,232 $ 1,174 $ 490 $ 218 $ 37 $ 173 $ - $ 4,979 Non-performing - - 21 - - - - - 21 Total Other $ 655 $ 2,232 $ 1,195 $ 490 $ 218 $ 37 $ 173 $ - $ 5,000 Current period gross charge-offs $ - $ - $ 8 $ 4 $ 1 $ - $ 2 $ - $ 15 Total Performing $ 11,219 $ 42,425 $ 22,583 $ 12,486 $ 10,146 $ 7,356 $ 173 $ - $ 106,388 Non-performing - 28 369 218 208 61 - - 884 Total $ 11,219 $ 42,453 $ 22,952 $ 12,704 $ 10,354 $ 7,417 $ 173 $ - $ 107,272 Current period gross charge-offs $ - $ 15 $ 124 $ 21 $ 83 $ 63 $ 2 $ - $ 308 December 31, 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 $ 68,577 $ 111,276 $ 14,932 $ 510,504 $ 43,337 $ 35,475 $ 784,101 Special Mention 8,047 10,651 161 3,934 - - 22,793 Substandard 56 946 231 1,669 83 416 3,401 Doubtful - - - - - - - Total $ 76,680 $ 122,873 $ 15,324 $ 516,107 $ 43,420 $ 35,891 $ 810,295 |
Impaired Financing Receivables [Table Text Block] | Unpaid Average Interest Recorded Principal Related Recorded Income As of December 31, 2022: Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural 232 232 - 235 17 Real estate – residential 509 541 - 514 29 Real estate – commercial - - - - - Real estate – construction & land 94 94 - 98 6 Equity Lines of Credit 244 301 - 254 - Auto - - - - - Other - - - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural - - - - - Real estate – residential 169 169 20 170 7 Real estate – commercial - - - - - Real estate – construction & land - - - - - Equity Lines of Credit - - - - - Auto - - - - - Other - - - - - Total: Commercial $ - $ - $ - $ - $ - Agricultural 232 232 - 235 17 Real estate – residential 678 710 20 684 36 Real estate – commercial - - - - - Real estate – construction & land 94 94 - 98 6 Equity Lines of Credit 244 301 - 254 - Auto - - - - - Other - - - - - Total $ 1,248 $ 1,337 $ 20 $ 1,271 $ 59 |
Financing Receivable, Balance of Nonaccrual Loans by Loan Category [Table Text Block] | Non Performing Loans March 31, 2023 December 31, 2022 (in thousands) Nonaccrual with no allowance for credit losses Total nonaccrual Past due 90 days or more and still accruing Nonaccrual with no allowance for credit losses Total nonaccrual Past due 90 days or more and still accruing Commercial $ 58 $ 58 $ - $ - $ - $ - Agricultural - 847 214 - - - Real estate – residential 201 201 - 211 211 - Real estate – commercial 965 965 154 9 9 - Real estate – construction & land development - - - 83 83 - Equity lines of credit 648 648 - 417 417 - Auto 863 863 - 452 452 - Other 21 21 - - - - Total Gross Loans $ 2,756 $ 3,603 $ 368 $ 1,172 $ 1,172 $ - |
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block] | Three Months Ended March 31, 2023: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Auto Other Total Allowance for credit losses Beginning balance $ 892 $ 1,086 $ 138 $ 4,980 $ 1,500 $ 687 $ 1,289 $ 145 $ 10,717 Impact of CECL Adoption 354 148 2 1,488 (951 ) (421 ) 9 (100 ) 529 Charge-offs - - - - - - (293 ) (15 ) (308 ) Recoveries 6 - 1 1 - - 131 3 142 Provision 223 73 21 271 214 64 368 16 1,250 Ending balance $ 1,475 $ 1,307 $ 162 $ 6,740 $ 763 $ 330 $ 1,504 $ 49 $ 12,330 Three Months Ended March 31, 2022: Allowance for credit losses Beginning balance $ 1,074 $ 791 $ 168 $ 4,549 $ 1,325 $ 426 $ 1,911 $ 108 $ 10,352 Charge-offs - - - (19 ) - - (335 ) (19 ) (373 ) Recoveries 6 - - - - - 114 3 123 Provision (187 ) 156 (36 ) (208 ) 220 128 190 37 300 Ending balance $ 893 $ 947 $ 132 $ 4,322 $ 1,545 $ 554 $ 1,880 $ 129 $ 10,402 March 31, 2022 Allowance for credit losses Ending balance: individually evaluated for impairment $ - $ - $ 23 $ - $ - $ - $ - $ - $ 23 Ending balance: collectively evaluated for impairment 893 947 109 4,322 1,545 554 1,880 129 10,379 Ending balance $ 893 $ 947 $ 132 $ 4,322 $ 1,545 $ 554 $ 1,880 $ 129 $ 10,402 Loans Ending balance: individually evaluated for impairment $ - $ 237 $ 699 $ 3,276 $ 100 $ 362 $ - $ - $ 4,674 Ending balance: collectively evaluated for impairment 96,787 123,179 14,938 420,235 55,568 32,240 86,768 4,297 834,012 Ending balance $ 96,787 $ 123,416 $ 15,637 $ 423,511 $ 55,668 $ 32,602 $ 86,768 $ 4,297 $ 838,686 Year Ended December 31, 2022: Allowance for credit losses Beginning balance $ 1,074 $ 791 $ 168 $ 4,549 $ 1,325 $ 426 $ 1,911 $ 108 $ 10,352 Charge-offs (207 ) - - (19 ) - - (1,195 ) (40 ) (1,461 ) Recoveries 27 - 3 2 - - 482 12 526 Provision (2 ) 295 (33 ) 448 175 261 91 65 1,300 Ending balance $ 892 $ 1,086 $ 138 $ 4,980 $ 1,500 $ 687 $ 1,289 $ 145 $ 10,717 Allowance for credit losses Ending balance: individually evaluated for impairment $ - $ - $ 20 $ - $ - $ - $ - $ - $ 20 Ending balance: collectively evaluated for impairment 892 1,086 118 4,980 1,500 687 1,289 145 10,697 Ending balance $ 892 $ 1,086 $ 138 $ 4,980 $ 1,500 $ 687 $ 1,289 $ 145 $ 10,717 Loans Ending balance: individually evaluated for impairment $ - $ 232 $ 678 $ - $ 94 $ 244 $ - $ - $ 1,248 Ending balance: collectively evaluated for impairment 76,680 122,641 14,646 516,107 43,326 35,647 96,750 4,904 910,701 Ending balance $ 76,680 $ 122,873 $ 15,324 $ 516,107 $ 43,420 $ 35,891 $ 96,750 $ 4,904 $ 911,949 |
Financing Receivable, Past Due [Table Text Block] | Total March 31, 2023 90 Days Past Due 30-59 Days 60-89 Days and Still and Past Due Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 1,667 $ 2,261 $ - $ 58 $ 3,986 $ 73,228 $ 77,214 Agricultural 373 - 214 847 1,434 117,032 118,466 Real estate – residential - - - 201 201 14,574 14,775 Real estate – commercial 1,888 - 154 965 3,007 518,663 521,670 Real estate - construction & land 938 - - - 938 41,404 42,342 Equity Lines of Credit 64 134 - 648 846 35,767 36,613 Auto 1,426 452 0 863 2,741 99,531 102,272 Other 75 - 0 21 96 4,904 5,000 Total $ 6,431 $ 2,847 $ 368 $ 3,603 $ 13,249 $ 905,103 $ 918,352 Total December 31, 2022 90 Days Past Due 30-89 Days 60-89 Days and Still and Past Due Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 750 $ 195 $ - $ - $ 945 $ 75,735 $ 76,680 Agricultural 877 - - - 877 121,996 122,873 Real estate – residential 437 - - 211 648 14,676 15,324 Real estate - commercial 3,255 - - 9 3,264 512,843 516,107 Real estate - construction & land - - - 83 83 43,337 43,420 Equity Lines of Credit 665 53 - 417 1,135 34,756 35,891 Auto 1,862 693 - 452 3,007 93,743 96,750 Other 1 14 - - 15 4,889 4,904 Total $ 7,847 $ 955 $ - $ 1,172 $ 9,974 $ 901,975 $ 911,949 |
Financing Receivable, Collateral Dependent Loans [Table Text Block] | March 31, 2023 SFR-1st SFR-2nd Auto Auto Office Crops Deed Deed New Used Total Commercial $ - $ - $ 57 $ - $ - $ - $ 57 Agricultural - 847 - - - - 847 Real estate – residential - - 201 - - - 201 Real estate – commercial 951 - - 14 - - 965 Real estate - construction & land - - - - - - - Equity Lines of Credit - - 296 352 - - 648 Auto - - - - 608 255 863 Other - - - - - - - Total $ 951 $ 847 $ 554 $ 366 $ 608 $ 255 $ 3,581 |
Consumer Portfolio Segment [Member] | |
Notes Tables | |
Financing Receivable Credit Quality Indicators [Table Text Block] | Consumer Credit Exposure Credit Risk Profile Based on Payment Activity December 31, 2022 Auto Other Total Grade: Performing $ 96,298 $ 4,904 $ 101,202 Non-performing 452 - 452 Total $ 96,750 $ 4,904 $ 101,654 |
Note 6 - Earnings Per Share (Ta
Note 6 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended March 31, (In thousands, except per share data) 2023 2022 Net Income: Net income $ 7,626 $ 5,718 Earnings Per Share: Basic earnings per share $ 1.30 $ 0.98 Diluted earnings per share $ 1.28 $ 0.97 Weighted Average Number of Shares Outstanding: Basic shares 5,855 5,824 Diluted shares 5,940 5,920 |
Note 7 - Stock-based Compensa_2
Note 7 - Stock-based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
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, 2023 189,917 $ 21.14 Options exercised (15,500 ) 18.83 Options outstanding at March 31, 2023 174,417 $ 21.35 3.7 $ 2,216,840 Options exercisable at March 31, 2023 144,567 $ 21.29 3.5 $ 1,846,121 Expected to vest after March 31, 2023 26,187 $ 21.66 4.6 $ 324,773 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term in Years Intrinsic Value Options outstanding at March 31, 2023 117,200 31.00 9.1 $ 358,632 Options exercisable at March 31, 2023 - - - - Expected to vest after March 31, 2023 102,820 $ 31.00 9.1 $ 314,628 |
Note 9 - Fair Value Measureme_2
Note 9 - Fair Value Measurement (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at March 31, 2023, Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 105,676 $ 105,676 $ - $ - $ 105,676 Investment securities 484,416 - 484,416 - 484,416 Loans, net 906,022 - - 888,286 888,286 FHLB stock 4,964 - - - N/A FRB Stock 1,366 - - - N/A Accrued interest receivable 7,329 86 2,673 4,570 7,329 Financial liabilities: Deposits 1,406,745 1,357,735 49,449 - 1,407,184 Repurchase agreements 16,914 - 16,914 - 16,914 Note Payable 10,000 - - 8,642 8,642 Accrued interest payable 87 24 50 13 87 Fair Value Measurements at December 31, 2022 Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 183,426 $ 183,426 $ - $ - $ 183,426 Investment securities 444,703 - 444,703 - 444,703 Interest rate swaps 2,002 - 2,002 - 2,002 Loans held for sale 2,301 - 2,301 - 2,301 Loans, net 903,968 - - 884,814 884,814 FHLB stock 4,964 - - - N/A FRB Stock 1,364 - - - N/A Accrued interest receivable 7,433 63 2,309 5,061 7,433 Financial liabilities: Deposits 1,457,809 1,408,623 49,627 - 1,458,250 Repurchase agreements 18,624 - 18,624 - 18,624 Junior subordinated deferrable interest debentures 10,310 - - 7,770 7,770 Accrued interest payable 81 16 40 25 81 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at March 31, 2023 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 $ 9,770 $ - $ 9,770 $ - U.S. Government-sponsored agencies collateralized by mortgage obligations- residential 236,725 - 236,725 - U.S. Government agencies collateralized by mortgage obligations-commercial 110,661 - 110,661 - Obligations of states and political subdivisions 127,260 - 127,260 - $ 484,416 $ - $ 484,416 $ - Fair Value Measurements at December 31, 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 $ 9,707 $ - $ 9,707 $ - U.S. Government-sponsored agencies collateralized by mortgage obligations - residential 214,408 - 214,408 - U.S. Government-agencies collateralized by mortgage obligations - commercial 99,581 - 99,581 - Obligations of states and political subdivisions 121,007 - 121,007 - Interest rate swaps 2,002 - 2,002 - $ 446,705 $ - $ 446,705 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurements at March 31, 2023 Using Quoted Prices in Total Active Significant Losses Markets for Other Significant Three Months Identical Observable Unobservable Ended Assets Inputs Inputs March 31, Total Fair Value (Level 1) (Level 2) (Level 3) 2023 Assets: Impaired loans RE – Agricultural $ 576 $ - $ - $ 576 $ 271 Other Real Estate: RE – Residential 83 $ - $ - $ 83 $ - |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Fair Value Fair Value Valuation Range (Weighted Average) Range (Weighted Average) Description 3/31/2023 12/31/2022 Technique Significant Unobservable Input 3/31/2023 12/31/2022 Impaired Loans: RE – Agricultural $ 576 $ - Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 32 % (32% ) Other Real Estate: RE – Residential $ 83 $ - Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 8 % (8% ) |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 3 Months Ended | |||
Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable, Allowance for Credit Loss | $ 12,330,000 | $ 10,717,000 | $ 10,402,000 | $ 10,352,000 |
Off-Balance-Sheet, Credit Loss, Liability | 874,000 | 341,000 | ||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||
Financing Receivable, Allowance for Credit Loss | 529,000 | 529,000 | ||
Financing Receivable, Allowance for Credit Loss, Income Tax Effect for Change in Accounting Principle | 156,000 | |||
Off-Balance-Sheet, Credit Loss, Liability | 257,000 | |||
Provision for Off Balance Sheet Commitments, Income Tax Effect for Change in Accounting Principle. | $ 76,000 | |||
Minimum [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivables, Maturity Period (Year) | 10 years | |||
Financing Receivables, Amortization Period (Year) | 5 years | |||
Maximum [Member] | Commercial Portfolio Segment [Member] | ||||
Financing Receivables, Maturity Period (Year) | 25 years | |||
Financing Receivables, Amortization Period (Year) | 30 years | |||
Accrued Interest Receivable and Other Assets [Member] | Plumas Statutory Trust I [Member] | ||||
Equity Method Investments | 374,000 | |||
Accrued Interest Receivable and Other Assets [Member] | Plumas Statutory Trust II [Member] | ||||
Equity Method Investments | $ 188,000 |
Note 3 - Investment Securitie_3
Note 3 - Investment Securities Available for Sale (Details Textual) | 3 Months Ended | ||
Mar. 31, 2023 USD ($) | Mar. 31, 2022 | Dec. 31, 2022 USD ($) | |
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain (Loss), before Tax | $ 46,540,000 | $ 54,183,000 | |
Available-for-sale Securities Income Tax Expense (Benefit) on Accumulated Gross Unrealized Gains Losses | $ 13,758,000 | 16,017,000 | |
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 | 411 | ||
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | 121 | ||
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 221 | ||
Available-for-sale Debt Securities Pledged to Secure Deposits and Repurchase Agreements Amortized Cost Basis | $ 186,491,000 | 189,358,000 | |
Collateral Pledged [Member] | |||
Debt Securities, Available-for-Sale, Restricted | $ 165,855,000 | $ 166,728,000 | |
US Treasury Securities [Member] | |||
Number of Investment Securities | 3 | ||
Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | |||
Number of Investment Securities | 123 | ||
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | |||
Number of Investment Securities | 45 | ||
US States and Political Subdivisions Debt Securities [Member] | |||
Number of Investment Securities | 240 |
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 | Mar. 31, 2023 | Dec. 31, 2022 |
Investment securities available for sale, amortized cost | $ 530,956 | $ 498,886 |
Investment securities available for sale, gross unrealized gains | 1,685 | 600 |
Investment securities available for sale, gross unrealized losses | (48,225) | (54,783) |
Estimated fair value | 484,416 | 444,703 |
US Treasury Securities [Member] | ||
Investment securities available for sale, amortized cost | 9,957 | 9,950 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized losses | (187) | (243) |
Estimated fair value | 9,770 | 9,707 |
Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | ||
Investment securities available for sale, amortized cost | 257,668 | 238,253 |
Investment securities available for sale, gross unrealized gains | 432 | 214 |
Investment securities available for sale, gross unrealized losses | (21,375) | (24,059) |
Estimated fair value | 236,725 | 214,408 |
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Investment securities available for sale, amortized cost | 122,003 | 112,142 |
Investment securities available for sale, gross unrealized gains | 618 | 143 |
Investment securities available for sale, gross unrealized losses | (11,960) | (12,704) |
Estimated fair value | 110,661 | 99,581 |
US States and Political Subdivisions Debt Securities [Member] | ||
Investment securities available for sale, amortized cost | 141,328 | 138,541 |
Investment securities available for sale, gross unrealized gains | 635 | 243 |
Investment securities available for sale, gross unrealized losses | (14,703) | (17,777) |
Estimated fair value | $ 127,260 | $ 121,007 |
Note 3 - Investment Securitie_5
Note 3 - Investment Securities Available for Sale - Investment Securities With Unrealized Losses (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Less than 12 months fair value | $ 158,264 | $ 281,715 |
Less than 12 months unrealized losses | 4,508 | 26,579 |
12 months or more fair value | 227,219 | 113,148 |
12 months or more unrealized losses | 43,717 | 28,204 |
Total fair value | 385,483 | 394,863 |
Total unrealized losses | 48,225 | 54,783 |
US Treasury Securities [Member] | ||
Less than 12 months fair value | 9,770 | 9,707 |
Less than 12 months unrealized losses | 187 | 243 |
12 months or more fair value | 0 | 0 |
12 months or more unrealized losses | 0 | 0 |
Total fair value | 9,770 | 9,707 |
Total unrealized losses | 187 | 243 |
Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months fair value | 78,713 | 140,117 |
Less than 12 months unrealized losses | 2,504 | 12,070 |
12 months or more fair value | 115,974 | 54,017 |
12 months or more unrealized losses | 18,871 | 11,989 |
Total fair value | 194,687 | 194,134 |
Total unrealized losses | 21,375 | 24,059 |
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Less than 12 months fair value | 35,350 | 42,799 |
Less than 12 months unrealized losses | 1,172 | 2,845 |
12 months or more fair value | 49,192 | 42,363 |
12 months or more unrealized losses | 10,788 | 9,859 |
Total fair value | 84,542 | 85,162 |
Total unrealized losses | 11,960 | 12,704 |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months fair value | 34,431 | 89,092 |
Less than 12 months unrealized losses | 645 | 11,421 |
12 months or more fair value | 62,053 | 16,768 |
12 months or more unrealized losses | 14,058 | 6,356 |
Total fair value | 96,484 | 105,860 |
Total unrealized losses | $ 14,703 | $ 17,777 |
Note 3 - Investment Securitie_6
Note 3 - Investment Securities Available for Sale - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Within one year, amortized cost | $ 3,930 | |
Within one year, estimated fair value | 3,886 | |
After one year through five years, amortized cost | 13,675 | |
After one year through five years, estimated fair value | 13,521 | |
After five years through ten years, amortized cost | 11,063 | |
After five years through ten years, estimated fair value | 10,918 | |
After ten years, amortized cost | 122,617 | |
After ten years, estimated fair value | 108,705 | |
Amortized Cost | 530,956 | $ 498,886 |
Estimated fair value | 484,416 | 444,703 |
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Investment securities not due at a single maturity date, amortized cost | 122,003 | |
Investment securities not due at a single maturity date, estimated fair value | 110,661 | |
Amortized Cost | 122,003 | 112,142 |
Estimated fair value | 110,661 | 99,581 |
Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | ||
Investment securities not due at a single maturity date, amortized cost | 257,668 | |
Investment securities not due at a single maturity date, estimated fair value | 236,725 | |
Amortized Cost | 257,668 | 238,253 |
Estimated fair value | $ 236,725 | $ 214,408 |
Note 4 - Loans and the Allowa_3
Note 4 - Loans and the Allowance for Credit Losses (Details Textual) Pure in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2022 | |
Deferred Loan Origination Costs | $ 562,000 | $ 1,062,000 | |
Financing Receivable, Nonaccrual | 3,603,000 | ||
Financing Receivable, Allowance for Credit Loss, Nonaccrual Loans | $ 271,000 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | ||
Nonaccrual, Specific Reserves [Member] | |||
Financing Receivable, Nonaccrual | $ 847,000 |
Note 4 - Loans and the Allowa_4
Note 4 - Loans and the Allowance for Credit Losses - Outstanding Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Loans | $ 915,604 | $ 911,949 | $ 838,686 | |
Deferred loan costs, net | 2,748 | 2,736 | ||
Loans, amortized cost basis | 918,352 | 914,685 | ||
Allowance for credit losses | (12,330) | (10,717) | (10,402) | $ (10,352) |
Total net loans | 906,022 | 903,968 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||||
Loans | 76,738 | 76,680 | 96,787 | |
Loans, amortized cost basis | 77,214 | |||
Allowance for credit losses | (1,475) | (892) | (893) | (1,074) |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||||
Loans | 118,089 | 122,873 | 123,416 | |
Loans, amortized cost basis | 118,466 | |||
Allowance for credit losses | (1,307) | (1,086) | (947) | (791) |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Loans | 521,884 | 516,107 | 423,511 | |
Loans, amortized cost basis | 521,670 | |||
Allowance for credit losses | (6,740) | (4,980) | (4,322) | (4,549) |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans | 42,726 | 43,420 | 55,668 | |
Loans, amortized cost basis | 42,342 | |||
Allowance for credit losses | (763) | (1,500) | (1,545) | (1,325) |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Loans | 14,734 | 15,324 | 15,637 | |
Loans, amortized cost basis | 14,775 | |||
Allowance for credit losses | (162) | (138) | (132) | (168) |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||||
Loans | 35,805 | 35,891 | 32,602 | |
Loans, amortized cost basis | 36,613 | |||
Allowance for credit losses | (330) | (687) | (554) | (426) |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||
Loans | 100,670 | 96,750 | 86,768 | |
Loans, amortized cost basis | 102,272 | |||
Allowance for credit losses | (1,504) | (1,289) | (1,880) | (1,911) |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||
Loans | 4,958 | 4,904 | 4,297 | |
Loans, amortized cost basis | 5,000 | |||
Allowance for credit losses | $ (49) | $ (145) | $ (129) | $ (108) |
Note 4 - Loans and the Allowa_5
Note 4 - Loans and the Allowance for Credit Losses - Allowance for Credit Losses (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Beginning balance | $ 10,717,000 | $ 10,352,000 | $ 10,352,000 |
Provision | 1,250,000 | 1,300,000 | |
Losses charged to allowance | (308,000) | (373,000) | (1,461,000) |
Recoveries | 142,000 | 123,000 | 526,000 |
Ending balance | 12,330,000 | $ 10,402,000 | 10,717,000 |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Beginning balance | 529,000 | ||
Ending balance | $ 529,000 | $ 529,000 |
Note 4 - Loans and the Allowa_6
Note 4 - Loans and the Allowance for Credit Losses - Loan Portfolio Allocated by Internal Risk Ratings (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Year one | $ 11,219 | ||
Year two | 42,453 | ||
Year three | 22,952 | ||
Year four | 12,704 | ||
Year five | 10,354 | ||
Before five years prior | 7,417 | ||
Revolving loans | 173 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 918,352 | $ 914,685 | |
Year one, write off | 0 | ||
Year two, write off | 15 | ||
Year three, write off | 124 | ||
Year four, write off | 21 | ||
Year five, write off | 83 | ||
Before five years prior, write off | 63 | ||
Revolving loans, write off | 2 | ||
Revolving loans converted to term loan, write off | 0 | ||
Total, gross, write off | 308 | $ 373 | 1,461 |
Total | 107,272 | ||
Loans | 915,604 | 838,686 | 911,949 |
Performing Financial Instruments [Member] | |||
Year one | 11,219 | ||
Year two | 42,425 | ||
Year three | 22,583 | ||
Year four | 12,486 | ||
Year five | 10,146 | ||
Before five years prior | 7,356 | ||
Revolving loans | 173 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 106,388 | ||
Nonperforming Financial Instruments [Member] | |||
Year one | 0 | ||
Year two | 28 | ||
Year three | 369 | ||
Year four | 218 | ||
Year five | 208 | ||
Before five years prior | 61 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 884 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Year one | 2,330 | ||
Year two | 26,744 | ||
Year three | 12,746 | ||
Year four | 5,687 | ||
Year five | 5,348 | ||
Before five years prior | 6,442 | ||
Revolving loans | 17,917 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 77,214 | ||
Year one, write off | 0 | ||
Year two, write off | 0 | ||
Year three, write off | 0 | ||
Year four, write off | 0 | ||
Year five, write off | 0 | ||
Before five years prior, write off | 0 | ||
Revolving loans, write off | 0 | ||
Revolving loans converted to term loan, write off | 0 | ||
Total, gross, write off | 0 | 0 | 207 |
Loans | 76,738 | 96,787 | 76,680 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | |||
Year one | 2,330 | ||
Year two | 24,191 | ||
Year three | 12,080 | ||
Year four | 5,316 | ||
Year five | 5,344 | ||
Before five years prior | 6,418 | ||
Revolving loans | 14,352 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 70,031 | ||
Loans | 68,577 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | |||
Year one | 0 | ||
Year two | 349 | ||
Year three | 427 | ||
Year four | 322 | ||
Year five | 0 | ||
Before five years prior | 24 | ||
Revolving loans | 1,565 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 2,687 | ||
Loans | 8,047 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | |||
Year one | 0 | ||
Year two | 2,204 | ||
Year three | 239 | ||
Year four | 49 | ||
Year five | 4 | ||
Before five years prior | 0 | ||
Revolving loans | 2,000 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 4,496 | ||
Loans | 56 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Doubtful [Member] | |||
Loans | 0 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Year one | 2,043 | ||
Year two | 29,062 | ||
Year three | 19,135 | ||
Year four | 16,722 | ||
Year five | 13,591 | ||
Before five years prior | 23,946 | ||
Revolving loans | 13,967 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 118,466 | ||
Year one, write off | 0 | ||
Year two, write off | 0 | ||
Year three, write off | 0 | ||
Year four, write off | 0 | ||
Year five, write off | 0 | ||
Before five years prior, write off | 0 | ||
Revolving loans, write off | 0 | ||
Revolving loans converted to term loan, write off | 0 | ||
Total, gross, write off | 0 | 0 | 0 |
Loans | 118,089 | 123,416 | 122,873 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Pass [Member] | |||
Year one | 1,236 | ||
Year two | 20,577 | ||
Year three | 14,542 | ||
Year four | 15,684 | ||
Year five | 12,609 | ||
Before five years prior | 22,899 | ||
Revolving loans | 13,263 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 100,810 | ||
Loans | 111,276 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Special Mention [Member] | |||
Year one | 807 | ||
Year two | 3,497 | ||
Year three | 97 | ||
Year four | 1,038 | ||
Year five | 214 | ||
Before five years prior | 796 | ||
Revolving loans | 704 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 7,153 | ||
Loans | 10,651 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Substandard [Member] | |||
Year one | 0 | ||
Year two | 4,988 | ||
Year three | 4,496 | ||
Year four | 0 | ||
Year five | 768 | ||
Before five years prior | 251 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 10,503 | ||
Loans | 946 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Doubtful [Member] | |||
Loans | 0 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Year one | 6,468 | ||
Year two | 112,047 | ||
Year three | 88,280 | ||
Year four | 107,565 | ||
Year five | 42,656 | ||
Before five years prior | 158,697 | ||
Revolving loans | 5,957 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 521,670 | ||
Year one, write off | 0 | ||
Year two, write off | 0 | ||
Year three, write off | 0 | ||
Year four, write off | 0 | ||
Year five, write off | 0 | ||
Before five years prior, write off | 0 | ||
Revolving loans, write off | 0 | ||
Revolving loans converted to term loan, write off | 0 | ||
Total, gross, write off | 0 | 19 | 19 |
Loans | 521,884 | 423,511 | 516,107 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Pass [Member] | |||
Year one | 6,468 | ||
Year two | 112,033 | ||
Year three | 88,280 | ||
Year four | 107,565 | ||
Year five | 42,282 | ||
Before five years prior | 152,951 | ||
Revolving loans | 5,957 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 515,536 | ||
Loans | 510,504 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Special Mention [Member] | |||
Year one | 0 | ||
Year two | 0 | ||
Year three | 0 | ||
Year four | 0 | ||
Year five | 374 | ||
Before five years prior | 2,729 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 3,103 | ||
Loans | 3,934 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Substandard [Member] | |||
Year one | 0 | ||
Year two | 14 | ||
Year three | 0 | ||
Year four | 0 | ||
Year five | 0 | ||
Before five years prior | 3,017 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 3,031 | ||
Loans | 1,669 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Doubtful [Member] | |||
Loans | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Year one | 1,653 | ||
Year two | 19,522 | ||
Year three | 17,160 | ||
Year four | 2,672 | ||
Year five | 632 | ||
Before five years prior | 703 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 42,342 | ||
Year one, write off | 0 | ||
Year two, write off | 0 | ||
Year three, write off | 0 | ||
Year four, write off | 0 | ||
Year five, write off | 0 | ||
Before five years prior, write off | 0 | ||
Revolving loans, write off | 0 | ||
Revolving loans converted to term loan, write off | 0 | ||
Total, gross, write off | 0 | 0 | 0 |
Loans | 42,726 | 55,668 | 43,420 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | |||
Year one | 1,653 | ||
Year two | 19,522 | ||
Year three | 17,160 | ||
Year four | 2,672 | ||
Year five | 632 | ||
Before five years prior | 703 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 42,342 | ||
Loans | 43,337 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | |||
Year one | 0 | ||
Year two | 0 | ||
Year three | 0 | ||
Year four | 0 | ||
Year five | 0 | ||
Before five years prior | 0 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 0 | ||
Loans | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | |||
Year one | 0 | ||
Year two | 0 | ||
Year three | 0 | ||
Year four | 0 | ||
Year five | 0 | ||
Before five years prior | 0 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 0 | ||
Loans | 83 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | |||
Loans | 0 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Year one | 534 | ||
Year two | 1,086 | ||
Year three | 2,299 | ||
Year four | 2,510 | ||
Year five | 646 | ||
Before five years prior | 7,185 | ||
Revolving loans | 515 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 14,775 | ||
Year one, write off | 0 | ||
Year two, write off | 0 | ||
Year three, write off | 0 | ||
Year four, write off | 0 | ||
Year five, write off | 0 | ||
Before five years prior, write off | 0 | ||
Revolving loans, write off | 0 | ||
Revolving loans converted to term loan, write off | 0 | ||
Total, gross, write off | 0 | 0 | 0 |
Loans | 14,734 | 15,637 | 15,324 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Pass [Member] | |||
Year one | 534 | ||
Year two | 1,086 | ||
Year three | 2,299 | ||
Year four | 2,510 | ||
Year five | 578 | ||
Before five years prior | 6,801 | ||
Revolving loans | 515 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 14,323 | ||
Loans | 14,932 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Special Mention [Member] | |||
Year one | 0 | ||
Year two | 0 | ||
Year three | 0 | ||
Year four | 0 | ||
Year five | 68 | ||
Before five years prior | 0 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 68 | ||
Loans | 161 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Substandard [Member] | |||
Year one | 0 | ||
Year two | 0 | ||
Year three | 0 | ||
Year four | 0 | ||
Year five | 0 | ||
Before five years prior | 384 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 384 | ||
Loans | 231 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Doubtful [Member] | |||
Loans | 0 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||
Year one | 0 | ||
Year two | 0 | ||
Year three | 0 | ||
Year four | 0 | ||
Year five | 0 | ||
Before five years prior | 0 | ||
Revolving loans | 35,163 | ||
Revolving loans converted to term loan | 1,450 | ||
Total, gross | 36,613 | ||
Year one, write off | 0 | ||
Year two, write off | 0 | ||
Year three, write off | 0 | ||
Year four, write off | 0 | ||
Year five, write off | 0 | ||
Before five years prior, write off | 0 | ||
Revolving loans, write off | 0 | ||
Revolving loans converted to term loan, write off | 0 | ||
Total, gross, write off | 0 | 0 | 0 |
Loans | 35,805 | 32,602 | 35,891 |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Pass [Member] | |||
Year one | 0 | ||
Year two | 0 | ||
Year three | 0 | ||
Year four | 0 | ||
Year five | 0 | ||
Before five years prior | |||
Revolving loans | 34,909 | ||
Revolving loans converted to term loan | 1,056 | ||
Total, gross | 35,965 | ||
Loans | 35,475 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Special Mention [Member] | |||
Loans | 0 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Substandard [Member] | |||
Year one | 0 | ||
Year two | 0 | ||
Year three | 0 | ||
Year four | 0 | ||
Year five | 0 | ||
Before five years prior | |||
Revolving loans | 254 | ||
Revolving loans converted to term loan | 394 | ||
Total, gross | 648 | ||
Loans | 416 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Doubtful [Member] | |||
Loans | 0 | ||
Commercial and Residential Portfolio Segments [Member] | |||
Year one | 13,028 | ||
Year two | 188,461 | ||
Year three | 139,620 | ||
Year four | 135,156 | ||
Year five | 62,873 | ||
Before five years prior | 196,973 | ||
Revolving loans | 73,519 | ||
Revolving loans converted to term loan | 1,450 | ||
Total, gross | 811,080 | ||
Year one, write off | 0 | ||
Year two, write off | 0 | ||
Year three, write off | 0 | ||
Year four, write off | 0 | ||
Year five, write off | 0 | ||
Before five years prior, write off | 0 | ||
Revolving loans, write off | 0 | ||
Revolving loans converted to term loan, write off | 0 | ||
Total, gross, write off | 0 | ||
Loans | 810,295 | ||
Commercial and Residential Portfolio Segments [Member] | Pass [Member] | |||
Year one | 12,221 | ||
Year two | 177,409 | ||
Year three | 134,361 | ||
Year four | 133,747 | ||
Year five | 61,445 | ||
Before five years prior | 189,772 | ||
Revolving loans | 68,996 | ||
Revolving loans converted to term loan | 1,056 | ||
Total, gross | 779,007 | ||
Loans | 784,101 | ||
Commercial and Residential Portfolio Segments [Member] | Special Mention [Member] | |||
Year one | 807 | ||
Year two | 3,846 | ||
Year three | 524 | ||
Year four | 1,360 | ||
Year five | 656 | ||
Before five years prior | 3,549 | ||
Revolving loans | 2,269 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 13,011 | ||
Loans | 22,793 | ||
Commercial and Residential Portfolio Segments [Member] | Substandard [Member] | |||
Year one | 0 | ||
Year two | 7,206 | ||
Year three | 4,735 | ||
Year four | 49 | ||
Year five | 772 | ||
Before five years prior | 3,652 | ||
Revolving loans | 2,254 | ||
Revolving loans converted to term loan | 394 | ||
Total, gross | 19,062 | ||
Loans | 3,401 | ||
Commercial and Residential Portfolio Segments [Member] | Doubtful [Member] | |||
Loans | 0 | ||
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 101,202 | ||
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 452 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Year one | 10,564 | ||
Year two | 40,221 | ||
Year three | 21,757 | ||
Year four | 12,214 | ||
Year five | 10,136 | ||
Before five years prior | 7,380 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 102,272 | ||
Year one, write off | 0 | ||
Year two, write off | 15 | ||
Year three, write off | 116 | ||
Year four, write off | 17 | ||
Year five, write off | 82 | ||
Before five years prior, write off | 63 | ||
Revolving loans, write off | 0 | ||
Revolving loans converted to term loan, write off | 0 | ||
Total, gross, write off | 293 | 335 | 1,195 |
Loans | 100,670 | 86,768 | 96,750 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Performing Financial Instruments [Member] | |||
Year one | 10,564 | ||
Year two | 40,193 | ||
Year three | 21,409 | ||
Year four | 11,996 | ||
Year five | 9,928 | ||
Before five years prior | 7,319 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 101,409 | ||
Loans | 96,298 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Nonperforming Financial Instruments [Member] | |||
Year one | 0 | ||
Year two | 28 | ||
Year three | 348 | ||
Year four | 218 | ||
Year five | 208 | ||
Before five years prior | 61 | ||
Revolving loans | |||
Revolving loans converted to term loan | 0 | ||
Total, gross | 863 | ||
Loans | 452 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Year one | 655 | ||
Year two | 2,232 | ||
Year three | 1,195 | ||
Year four | 490 | ||
Year five | 218 | ||
Before five years prior | 37 | ||
Revolving loans | 173 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 5,000 | ||
Year one, write off | 0 | ||
Year two, write off | 0 | ||
Year three, write off | 8 | ||
Year four, write off | 4 | ||
Year five, write off | 1 | ||
Before five years prior, write off | 0 | ||
Revolving loans, write off | 2 | ||
Revolving loans converted to term loan, write off | 0 | ||
Total, gross, write off | 15 | 19 | 40 |
Loans | 4,958 | $ 4,297 | 4,904 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Performing Financial Instruments [Member] | |||
Year one | 655 | ||
Year two | 2,232 | ||
Year three | 1,174 | ||
Year four | 490 | ||
Year five | 218 | ||
Before five years prior | 37 | ||
Revolving loans | 173 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | 4,979 | ||
Loans | 4,904 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Year one | 0 | ||
Year two | 0 | ||
Year three | 21 | ||
Year four | 0 | ||
Year five | 0 | ||
Before five years prior | 0 | ||
Revolving loans | 0 | ||
Revolving loans converted to term loan | 0 | ||
Total, gross | $ 21 | ||
Loans | $ 0 |
Note 4 - Loans and the Allowa_7
Note 4 - Loans and the Allowance for Credit Losses - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 |
Loans | $ 915,604 | $ 911,949 | $ 838,686 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 101,202 | ||
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 452 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Loans | 100,670 | 96,750 | 86,768 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Performing Financial Instruments [Member] | |||
Loans | 96,298 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 452 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Loans | $ 4,958 | 4,904 | $ 4,297 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Performing Financial Instruments [Member] | |||
Loans | 4,904 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 0 | ||
Consumer Portfolio Segment [Member] | Residential Portfolio Segment [Member] | |||
Loans | $ 101,654 |
Note 4 - Loans and the Allowa_8
Note 4 - Loans and the Allowance for Loan Losses - Impaired Loans (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Related Allowance | $ 20 |
Recorded investment | 1,248 |
Unpaid principal balance | 1,337 |
Average recorded investment | 1,271 |
Interest income recognized | 59 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |
Recorded investment with no related allowance recorded | 0 |
Unpaid principal balance with no related allowance recorded | 0 |
Average recorded investment with no related allowance recorded | 0 |
Interest income recognized with no related allowance recorded | 0 |
Recorded investment with an allowance | 0 |
Unpaid principal balance with allowance | 0 |
Related Allowance | 0 |
Average recorded investment with an allowance | 0 |
Interest income recognized with an allowance | 0 |
Recorded investment | 0 |
Unpaid principal balance | 0 |
Average recorded investment | 0 |
Interest income recognized | 0 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |
Recorded investment with no related allowance recorded | 232 |
Unpaid principal balance with no related allowance recorded | 232 |
Average recorded investment with no related allowance recorded | 235 |
Interest income recognized with no related allowance recorded | 17 |
Recorded investment with an allowance | 0 |
Unpaid principal balance with allowance | 0 |
Related Allowance | 0 |
Average recorded investment with an allowance | 0 |
Interest income recognized with an allowance | 0 |
Recorded investment | 232 |
Unpaid principal balance | 232 |
Average recorded investment | 235 |
Interest income recognized | 17 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |
Recorded investment with no related allowance recorded | 0 |
Unpaid principal balance with no related allowance recorded | 0 |
Average recorded investment with no related allowance recorded | 0 |
Interest income recognized with no related allowance recorded | 0 |
Recorded investment with an allowance | 0 |
Unpaid principal balance with allowance | 0 |
Related Allowance | 0 |
Average recorded investment with an allowance | 0 |
Interest income recognized with an allowance | 0 |
Recorded investment | 0 |
Unpaid principal balance | 0 |
Average recorded investment | 0 |
Interest income recognized | 0 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |
Recorded investment with no related allowance recorded | 94 |
Unpaid principal balance with no related allowance recorded | 94 |
Average recorded investment with no related allowance recorded | 98 |
Interest income recognized with no related allowance recorded | 6 |
Recorded investment with an allowance | 0 |
Unpaid principal balance with allowance | 0 |
Related Allowance | 0 |
Average recorded investment with an allowance | 0 |
Interest income recognized with an allowance | 0 |
Recorded investment | 94 |
Unpaid principal balance | 94 |
Average recorded investment | 98 |
Interest income recognized | 6 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |
Recorded investment with no related allowance recorded | 509 |
Unpaid principal balance with no related allowance recorded | 541 |
Average recorded investment with no related allowance recorded | 514 |
Interest income recognized with no related allowance recorded | 29 |
Recorded investment with an allowance | 169 |
Unpaid principal balance with allowance | 169 |
Related Allowance | 20 |
Average recorded investment with an allowance | 170 |
Interest income recognized with an allowance | 7 |
Recorded investment | 678 |
Unpaid principal balance | 710 |
Average recorded investment | 684 |
Interest income recognized | 36 |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |
Recorded investment with no related allowance recorded | 244 |
Unpaid principal balance with no related allowance recorded | 301 |
Average recorded investment with no related allowance recorded | 254 |
Interest income recognized with no related allowance recorded | 0 |
Recorded investment with an allowance | 0 |
Unpaid principal balance with allowance | 0 |
Related Allowance | 0 |
Average recorded investment with an allowance | 0 |
Interest income recognized with an allowance | 0 |
Recorded investment | 244 |
Unpaid principal balance | 301 |
Average recorded investment | 254 |
Interest income recognized | 0 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |
Recorded investment with no related allowance recorded | 0 |
Unpaid principal balance with no related allowance recorded | 0 |
Average recorded investment with no related allowance recorded | 0 |
Interest income recognized with no related allowance recorded | 0 |
Recorded investment with an allowance | 0 |
Unpaid principal balance with allowance | 0 |
Related Allowance | 0 |
Average recorded investment with an allowance | 0 |
Interest income recognized with an allowance | 0 |
Recorded investment | 0 |
Unpaid principal balance | 0 |
Average recorded investment | 0 |
Interest income recognized | 0 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | |
Recorded investment with no related allowance recorded | 0 |
Unpaid principal balance with no related allowance recorded | 0 |
Average recorded investment with no related allowance recorded | 0 |
Interest income recognized with no related allowance recorded | 0 |
Recorded investment with an allowance | 0 |
Unpaid principal balance with allowance | 0 |
Related Allowance | 0 |
Average recorded investment with an allowance | 0 |
Interest income recognized with an allowance | 0 |
Recorded investment | 0 |
Unpaid principal balance | 0 |
Average recorded investment | 0 |
Interest income recognized | $ 0 |
Note 4 - Loans and the Allowa_9
Note 4 - Loans and the Allowance for Credit Losses - Balance of Nonaccrual Loans By Loan Category (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Total nonaccrual | $ 3,603 | |
Past due 90 days or more and still accruing | 368 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Total nonaccrual | 58 | |
Past due 90 days or more and still accruing | 0 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Total nonaccrual | 847 | |
Past due 90 days or more and still accruing | 214 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Total nonaccrual | 965 | |
Past due 90 days or more and still accruing | 154 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Total nonaccrual | 0 | |
Past due 90 days or more and still accruing | 0 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Total nonaccrual | 201 | |
Past due 90 days or more and still accruing | 0 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||
Total nonaccrual | 648 | |
Past due 90 days or more and still accruing | 0 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Total nonaccrual | 863 | |
Past due 90 days or more and still accruing | 0 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Total nonaccrual | 21 | |
Past due 90 days or more and still accruing | 0 | |
Nonperforming Financial Instruments [Member] | ||
Nonaccrual with no allowance for credit losses | 2,756 | $ 1,172 |
Total nonaccrual | 3,603 | 1,172 |
Past due 90 days or more and still accruing | 368 | 0 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Nonaccrual with no allowance for credit losses | 58 | 0 |
Total nonaccrual | 58 | 0 |
Past due 90 days or more and still accruing | 0 | 0 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Nonaccrual with no allowance for credit losses | 0 | 0 |
Total nonaccrual | 847 | 0 |
Past due 90 days or more and still accruing | 214 | 0 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Nonaccrual with no allowance for credit losses | 965 | 9 |
Total nonaccrual | 965 | 9 |
Past due 90 days or more and still accruing | 154 | 0 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Nonaccrual with no allowance for credit losses | 0 | 83 |
Total nonaccrual | 0 | 83 |
Past due 90 days or more and still accruing | 0 | 0 |
Nonperforming Financial Instruments [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Nonaccrual with no allowance for credit losses | 201 | 211 |
Total nonaccrual | 201 | 211 |
Past due 90 days or more and still accruing | 0 | 0 |
Nonperforming Financial Instruments [Member] | Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||
Nonaccrual with no allowance for credit losses | 648 | 417 |
Total nonaccrual | 648 | 417 |
Past due 90 days or more and still accruing | 0 | 0 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Nonaccrual with no allowance for credit losses | 863 | 452 |
Total nonaccrual | 863 | 452 |
Past due 90 days or more and still accruing | 0 | 0 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Nonaccrual with no allowance for credit losses | 21 | 0 |
Total nonaccrual | 21 | 0 |
Past due 90 days or more and still accruing | $ 0 | $ 0 |
Note 4 - Loans and the Allow_10
Note 4 - Loans and the Allowance for Credit Losses - Allocation of the Allowance for Credit Losses (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Beginning balance | $ 10,717,000 | $ 10,352,000 | $ 10,352,000 |
Charge-offs | (308,000) | (373,000) | (1,461,000) |
Recoveries | 142,000 | 123,000 | 526,000 |
Provision | 1,250,000 | 1,300,000 | |
Provision | 1,525,000 | 300,000 | 1,300,000 |
Allowance for Loan Losses: individually evaluated for impairment | 23,000 | 20,000 | |
Allowance for Loan Losses: collectively evaluated for impairment | 10,379,000 | 10,697,000 | |
Ending balance | 12,330,000 | 10,402,000 | 10,717,000 |
Loans: individually evaluated for impairment | 4,674,000 | 1,248,000 | |
Loans: collectively evaluated for impairment | 834,012,000 | 910,701,000 | |
Ending balance | 915,604,000 | 838,686,000 | 911,949,000 |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Beginning balance | 529,000 | ||
Ending balance | 529,000 | 529,000 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Beginning balance | 892,000 | 1,074,000 | 1,074,000 |
Charge-offs | 0 | 0 | (207,000) |
Recoveries | 6,000 | 6,000 | 27,000 |
Provision | 223,000 | ||
Provision | (187,000) | (2,000) | |
Allowance for Loan Losses: individually evaluated for impairment | 0 | 0 | |
Allowance for Loan Losses: collectively evaluated for impairment | 893,000 | 892,000 | |
Ending balance | 1,475,000 | 893,000 | 892,000 |
Loans: individually evaluated for impairment | 0 | 0 | |
Loans: collectively evaluated for impairment | 96,787,000 | 76,680,000 | |
Ending balance | 76,738,000 | 96,787,000 | 76,680,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Beginning balance | 354,000 | ||
Ending balance | 354,000 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Beginning balance | 1,086,000 | 791,000 | 791,000 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Provision | 73,000 | ||
Provision | 156,000 | 295,000 | |
Allowance for Loan Losses: individually evaluated for impairment | 0 | 0 | |
Allowance for Loan Losses: collectively evaluated for impairment | 947,000 | 1,086,000 | |
Ending balance | 1,307,000 | 947,000 | 1,086,000 |
Loans: individually evaluated for impairment | 237,000 | 232,000 | |
Loans: collectively evaluated for impairment | 123,179,000 | 122,641,000 | |
Ending balance | 118,089,000 | 123,416,000 | 122,873,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Beginning balance | 148,000 | ||
Ending balance | 148,000 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Beginning balance | 4,980,000 | 4,549,000 | 4,549,000 |
Charge-offs | 0 | (19,000) | (19,000) |
Recoveries | 1,000 | 0 | 2,000 |
Provision | 271,000 | ||
Provision | (208,000) | 448,000 | |
Allowance for Loan Losses: individually evaluated for impairment | 0 | 0 | |
Allowance for Loan Losses: collectively evaluated for impairment | 4,322,000 | 4,980,000 | |
Ending balance | 6,740,000 | 4,322,000 | 4,980,000 |
Loans: individually evaluated for impairment | 3,276,000 | 0 | |
Loans: collectively evaluated for impairment | 420,235,000 | 516,107,000 | |
Ending balance | 521,884,000 | 423,511,000 | 516,107,000 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Beginning balance | 1,488,000 | ||
Ending balance | 1,488,000 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Beginning balance | 1,500,000 | 1,325,000 | 1,325,000 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Provision | 214,000 | ||
Provision | 220,000 | 175,000 | |
Allowance for Loan Losses: individually evaluated for impairment | 0 | 0 | |
Allowance for Loan Losses: collectively evaluated for impairment | 1,545,000 | 1,500,000 | |
Ending balance | 763,000 | 1,545,000 | 1,500,000 |
Loans: individually evaluated for impairment | 100,000 | 94,000 | |
Loans: collectively evaluated for impairment | 55,568,000 | 43,326,000 | |
Ending balance | 42,726,000 | 55,668,000 | 43,420,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Beginning balance | (951,000) | ||
Ending balance | (951,000) | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Beginning balance | 138,000 | 168,000 | 168,000 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 1,000 | 0 | 3,000 |
Provision | 21,000 | ||
Provision | (36,000) | (33,000) | |
Allowance for Loan Losses: individually evaluated for impairment | 23,000 | 20,000 | |
Allowance for Loan Losses: collectively evaluated for impairment | 109,000 | 118,000 | |
Ending balance | 162,000 | 132,000 | 138,000 |
Loans: individually evaluated for impairment | 699,000 | 678,000 | |
Loans: collectively evaluated for impairment | 14,938,000 | 14,646,000 | |
Ending balance | 14,734,000 | 15,637,000 | 15,324,000 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Beginning balance | 2,000 | ||
Ending balance | 2,000 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||
Beginning balance | 687,000 | 426,000 | 426,000 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Provision | 64,000 | ||
Provision | 128,000 | 261,000 | |
Allowance for Loan Losses: individually evaluated for impairment | 0 | 0 | |
Allowance for Loan Losses: collectively evaluated for impairment | 554,000 | 687,000 | |
Ending balance | 330,000 | 554,000 | 687,000 |
Loans: individually evaluated for impairment | 362,000 | 244,000 | |
Loans: collectively evaluated for impairment | 32,240,000 | 35,647,000 | |
Ending balance | 35,805,000 | 32,602,000 | 35,891,000 |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Beginning balance | (421,000) | ||
Ending balance | (421,000) | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Beginning balance | 1,289,000 | 1,911,000 | 1,911,000 |
Charge-offs | (293,000) | (335,000) | (1,195,000) |
Recoveries | 131,000 | 114,000 | 482,000 |
Provision | 368,000 | ||
Provision | 190,000 | 91,000 | |
Allowance for Loan Losses: individually evaluated for impairment | 0 | 0 | |
Allowance for Loan Losses: collectively evaluated for impairment | 1,880,000 | 1,289,000 | |
Ending balance | 1,504,000 | 1,880,000 | 1,289,000 |
Loans: individually evaluated for impairment | 0 | 0 | |
Loans: collectively evaluated for impairment | 86,768,000 | 96,750,000 | |
Ending balance | 100,670,000 | 86,768,000 | 96,750,000 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Beginning balance | 9,000 | ||
Ending balance | 9,000 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Beginning balance | 145,000 | 108,000 | 108,000 |
Charge-offs | (15,000) | (19,000) | (40,000) |
Recoveries | 3,000 | 3,000 | 12,000 |
Provision | 16,000 | ||
Provision | 37,000 | 65,000 | |
Allowance for Loan Losses: individually evaluated for impairment | 0 | 0 | |
Allowance for Loan Losses: collectively evaluated for impairment | 129,000 | 145,000 | |
Ending balance | 49,000 | 129,000 | 145,000 |
Loans: individually evaluated for impairment | 0 | 0 | |
Loans: collectively evaluated for impairment | 4,297,000 | 4,904,000 | |
Ending balance | 4,958,000 | $ 4,297,000 | 4,904,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Beginning balance | $ (100,000) | ||
Ending balance | $ (100,000) |
Note 4 - Loans and the Allow_11
Note 4 - Loans and the Allowance for Credit Losses - Aging Analysis of the Loan Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Total, gross | $ 918,352 | $ 914,685 |
90 Days and Still Accruing | 368 | |
Financing Receivable, Nonaccrual | 3,603 | |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total, gross | 6,431 | |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Total, gross | 2,847 | |
Financial Asset, Past Due [Member] | ||
Total, gross | 13,249 | |
Financial Asset, Not Past Due [Member] | ||
Total, gross | 905,103 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Total, gross | 77,214 | |
90 Days and Still Accruing | 0 | |
Financing Receivable, Nonaccrual | 58 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total, gross | 1,667 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Total, gross | 2,261 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financial Asset, Past Due [Member] | ||
Total, gross | 3,986 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Total, gross | 73,228 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Total, gross | 118,466 | |
90 Days and Still Accruing | 214 | |
Financing Receivable, Nonaccrual | 847 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total, gross | 373 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Total, gross | 0 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financial Asset, Past Due [Member] | ||
Total, gross | 1,434 | |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Total, gross | 117,032 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Total, gross | 521,670 | |
90 Days and Still Accruing | 154 | |
Financing Receivable, Nonaccrual | 965 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total, gross | 1,888 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Total, gross | 0 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Past Due [Member] | ||
Total, gross | 3,007 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Total, gross | 518,663 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Total, gross | 42,342 | |
90 Days and Still Accruing | 0 | |
Financing Receivable, Nonaccrual | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total, gross | 938 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Total, gross | 0 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Past Due [Member] | ||
Total, gross | 938 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Total, gross | 41,404 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Total, gross | 14,775 | |
90 Days and Still Accruing | 0 | |
Financing Receivable, Nonaccrual | 201 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total, gross | 0 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Total, gross | 0 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Past Due [Member] | ||
Total, gross | 201 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Total, gross | 14,574 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||
Total, gross | 36,613 | |
90 Days and Still Accruing | 0 | |
Financing Receivable, Nonaccrual | 648 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total, gross | 64 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Total, gross | 134 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Financial Asset, Past Due [Member] | ||
Total, gross | 846 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Financial Asset, Not Past Due [Member] | ||
Total, gross | 35,767 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Total, gross | 102,272 | |
90 Days and Still Accruing | 0 | |
Financing Receivable, Nonaccrual | 863 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total, gross | 1,426 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Total, gross | 452 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financial Asset, Past Due [Member] | ||
Total, gross | 2,741 | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Total, gross | 99,531 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Total, gross | 5,000 | |
90 Days and Still Accruing | 0 | |
Financing Receivable, Nonaccrual | 21 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total, gross | 75 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Total, gross | 0 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, Past Due [Member] | ||
Total, gross | 96 | |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Total, gross | $ 4,904 |
Note 4 - Loans and the Allow_12
Note 4 - Loans and the Allowance for Credit Losses - Collateral Dependent Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 |
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | $ 915,604 | $ 911,949 | $ 838,686 |
Office [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 951 | ||
Crops [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 847 | ||
S F R 1st Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 554 | ||
S F R 2nd Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 366 | ||
Automobiles New [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 608 | ||
Automobiles Used [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 255 | ||
Collateral Pledged [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 3,581 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 76,738 | 76,680 | 96,787 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Office [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Crops [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | S F R 1st Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 57 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | S F R 2nd Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Automobiles New [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Automobiles Used [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Collateral Pledged [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 57 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 118,089 | 122,873 | 123,416 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Office [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Crops [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 847 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | S F R 1st Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | S F R 2nd Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Automobiles New [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Automobiles Used [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Collateral Pledged [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 847 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 521,884 | 516,107 | 423,511 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Office [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 951 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Crops [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | S F R 1st Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | S F R 2nd Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 14 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Automobiles New [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Automobiles Used [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Collateral Pledged [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 965 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 42,726 | 43,420 | 55,668 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Office [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Crops [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | S F R 1st Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | S F R 2nd Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Automobiles New [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Automobiles Used [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Collateral Pledged [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 14,734 | 15,324 | 15,637 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Office [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Crops [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | S F R 1st Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 201 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | S F R 2nd Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Automobiles New [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Automobiles Used [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Collateral Pledged [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 201 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 35,805 | 35,891 | 32,602 |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Office [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Crops [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | S F R 1st Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 296 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | S F R 2nd Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 352 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Automobiles New [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Automobiles Used [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Collateral Pledged [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 648 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 100,670 | 96,750 | 86,768 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Office [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Crops [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | S F R 1st Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | S F R 2nd Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Automobiles New [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 608 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Automobiles Used [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 255 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Collateral Pledged [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 863 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 4,958 | $ 4,904 | $ 4,297 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Office [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Crops [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | S F R 1st Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | S F R 2nd Deed [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Automobiles New [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Automobiles Used [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | 0 | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Collateral Pledged [Member] | |||
Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | $ 0 |
Note 5 - Commitments and Cont_2
Note 5 - Commitments and Contingencies (Details Textual) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Unused Commitments to Extend Credit | $ 194,300,000 | $ 178,700,000 |
Off-Balance-Sheet, Credit Loss, Liability | 874,000 | 341,000 |
Construction Loan Payable [Member] | ||
Unused Commitments to Extend Credit | 51,000,000 | |
Standby Letters of Credit [Member] | ||
Unused Commitments to Extend Credit | $ 108,000 | $ 0 |
Note 6 - Earnings Per Share (De
Note 6 - Earnings Per Share (Details Textual) - shares shares in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Share-Based Payment Arrangement, Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 0 | 0 |
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 | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Net Income: | ||
Net income | $ 7,626 | $ 5,718 |
Earnings Per Share: | ||
Basic earnings per share (in dollars per share) | $ 1.30 | $ 0.98 |
Diluted earnings per share (in dollars per share) | $ 1.28 | $ 0.97 |
Weighted Average Number of Shares Outstanding: | ||
Basic shares (in shares) | 5,855 | 5,824 |
Diluted shares (in shares) | 5,940 | 5,920 |
Note 7 - Stock-based Compensa_3
Note 7 - Stock-based Compensation (Details Textual) - USD ($) | 3 Months Ended | ||||
Mar. 31, 2023 | Sep. 30, 2022 | Mar. 31, 2022 | May 31, 2022 | May 31, 2013 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value | $ 7,000 | $ 101,000 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value | 331,000 | 858,000 | |||
Share-Based Payment Arrangement, Expense | 87,000 | 58,000 | |||
Share-Based Payment Arrangement, Expense, Tax Benefit | 7,000 | 4,000 | |||
Proceeds from Stock Options Exercised | 137,000 | 131,000 | |||
Share-Based Payment Arrangement, Exercise of Option, Tax Benefit | 49,000 | $ 40,000 | |||
Restricted Stock [Member] | |||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 17,000 | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 4 months 24 days | ||||
Share-Based Payment Arrangement, Expense | $ 12,000 | ||||
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 | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 1 year | ||||
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 2013 [Member] | |||||
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 | $ 80,478 | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 7 months 6 days | ||||
Stock Option Plan 2022 [Member] | |||||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 174,417 | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | 0 | |||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 893,000 | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 4 years 2 months 12 days |
Note 7 - Stock-based Compensa_4
Note 7 - Stock-based Compensation - Stock Option Activity (Details) | 3 Months Ended |
Mar. 31, 2023 USD ($) $ / shares shares | |
Stock Option Plan 2013 [Member] | |
Options outstanding, Shares (in shares) | shares | 189,917 |
Options outstanding, Weighted average exercise price (in dollars per share) | $ / shares | $ 21.14 |
Options exercised, Shares (in shares) | shares | (15,500) |
Options exercised, Weighted average exercise price (in dollars per share) | $ / shares | $ 18.83 |
Options outstanding, Shares (in shares) | shares | 174,417 |
Options outstanding, Weighted average exercise price (in dollars per share) | $ / shares | $ 21.35 |
Options outstanding, Weighted average remaining contractual term in years (Year) | 3 years 8 months 12 days |
Options outstanding, Intrinsic value | $ | $ 2,216,840 |
Options exercisable, Shares (in shares) | shares | 144,567 |
Options exercisable, Weighted average exercise price (in dollars per share) | $ / shares | $ 21.29 |
Options exercisable, weighted average remaining contractual term (Year) | 3 years 6 months |
Options exercisable, Intrinsic value | $ | $ 1,846,121 |
Expected to vest, Shares (in shares) | shares | 26,187 |
Expected to vest, Weighted average exercise price (in dollars per share) | $ / shares | $ 21.66 |
Expected to vest, Weighted average remaining contractual term in years (Year) | 4 years 7 months 6 days |
Expected to vest, Intrinsic value | $ | $ 324,773 |
Options outstanding, Shares (in shares) | shares | 174,417 |
Options outstanding, Weighted average exercise price (in dollars per share) | $ / shares | $ 21.35 |
Stock Option Plan 2022 [Member] | |
Options outstanding, Shares (in shares) | shares | 117,200 |
Options outstanding, Weighted average exercise price (in dollars per share) | $ / shares | $ 31 |
Options exercisable, Shares (in shares) | shares | 0 |
Options exercisable, Weighted average exercise price (in dollars per share) | $ / shares | $ 0 |
Options exercisable, Intrinsic value | $ | $ 0 |
Expected to vest, Shares (in shares) | shares | 102,820 |
Expected to vest, Weighted average exercise price (in dollars per share) | $ / shares | $ 31 |
Expected to vest, Weighted average remaining contractual term in years (Year) | 9 years 1 month 6 days |
Expected to vest, Intrinsic value | $ | $ 314,628 |
Options outstanding, Shares (in shares) | shares | 117,200 |
Options outstanding, Weighted average exercise price (in dollars per share) | $ / shares | $ 31 |
Note 9 - Fair Value Measureme_3
Note 9 - Fair Value Measurement (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Impairment of Collateral Dependent Loans | $ 271,000 | $ 0 | |
Fair Value, Nonrecurring [Member] | |||
Assets, Fair Value Disclosure | $ 0 |
Note 9 - Fair Value Measureme_4
Note 9 - Fair Value Measurement - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Investment securities | $ 484,416 | $ 444,703 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 105,676 | 183,426 |
Investment securities | 484,416 | 444,703 |
Loans, net | 906,022 | 903,968 |
FHLB stock | 4,964 | 4,964 |
FRB Stock | 1,366 | 1,364 |
Accrued interest receivable | 7,329 | 7,433 |
Deposits | 1,406,745 | 1,457,809 |
Repurchase agreements | 16,914 | 18,624 |
Note Payable | 10,000 | |
Accrued interest payable | 87 | 81 |
Loans held for sale | 2,301 | |
Junior subordinated deferrable interest debentures | 10,310 | |
Reported Value Measurement [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 2,002 | |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 105,676 | 183,426 |
Investment securities | 484,416 | 444,703 |
Loans, net | 888,286 | 884,814 |
Accrued interest receivable | 7,329 | 7,433 |
Deposits | 1,407,184 | 1,458,250 |
Repurchase agreements | 16,914 | 18,624 |
Note Payable | 8,642 | |
Accrued interest payable | 87 | 81 |
Loans held for sale | 2,301 | |
Junior subordinated deferrable interest debentures | 7,770 | |
Estimate of Fair Value Measurement [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 2,002 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 105,676 | 183,426 |
Accrued interest receivable | 86 | 63 |
Deposits | 1,357,735 | 1,408,623 |
Note Payable | 0 | |
Accrued interest payable | 24 | 16 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment securities | 484,416 | 444,703 |
Accrued interest receivable | 2,673 | 2,309 |
Deposits | 49,449 | 49,627 |
Repurchase agreements | 16,914 | 18,624 |
Note Payable | 0 | |
Accrued interest payable | 50 | 40 |
Loans held for sale | 2,301 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 2,002 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Loans, net | 888,286 | 884,814 |
Accrued interest receivable | 4,570 | 5,061 |
Note Payable | 8,642 | |
Accrued interest payable | $ 13 | 25 |
Junior subordinated deferrable interest debentures | $ 7,770 |
Note 9 - Fair Value Measureme_5
Note 9 - Fair Value Measurement - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Estimated fair value | $ 484,416 | $ 444,703 |
US Treasury Securities [Member] | ||
Estimated fair value | 9,770 | 9,707 |
Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | ||
Estimated fair value | 236,725 | 214,408 |
Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Estimated fair value | 110,661 | 99,581 |
US States and Political Subdivisions Debt Securities [Member] | ||
Estimated fair value | 127,260 | 121,007 |
Fair Value, Recurring [Member] | ||
Estimated fair value | 484,416 | 446,705 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 2,002 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | 484,416 | 446,705 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 2,002 | |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | ||
Estimated fair value | 9,770 | 9,707 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | 9,770 | 9,707 |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | ||
Estimated fair value | 236,725 | 214,408 |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | 236,725 | 214,408 |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | ||
Estimated fair value | 110,661 | 99,581 |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities Issued by US Government Agencies [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | 110,661 | 99,581 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Estimated fair value | 127,260 | 121,007 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | $ 127,260 | $ 121,007 |
Note 9 - Fair Value Measureme_6
Note 9 - Fair Value Measurement - Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] $ in Thousands | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Agricultural Loans [Member] | |
RE – Agricultural | $ 271 |
Agricultural Loans [Member] | Fair Value, Inputs, Level 1 [Member] | |
RE – Agricultural | 0 |
Agricultural Loans [Member] | Fair Value, Inputs, Level 2 [Member] | |
RE – Agricultural | 0 |
Agricultural Loans [Member] | Fair Value, Inputs, Level 3 [Member] | |
RE – Agricultural | 576 |
Real Estate Loan [Member] | |
RE – Residential | 0 |
Real Estate Loan [Member] | Fair Value, Inputs, Level 1 [Member] | |
RE – Residential | 0 |
Real Estate Loan [Member] | Fair Value, Inputs, Level 2 [Member] | |
RE – Residential | 0 |
Real Estate Loan [Member] | Fair Value, Inputs, Level 3 [Member] | |
RE – Residential | 83 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |
RE – Agricultural | 576 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |
RE – Residential | $ 83 |
Note 9 - Fair Value Measureme_7
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) - Fair Value, Nonrecurring [Member] - Fair Value, Inputs, Level 3 [Member] $ in Thousands | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Agricultural Loans [Member] | ||
RE – Agricultural | $ 576 | |
Real Estate Loan [Member] | ||
RE – Residential | 83 | |
Third Party Appraisals [Member] | Agricultural Loans [Member] | ||
RE – Agricultural | $ 576 | $ 0 |
Third Party Appraisals [Member] | Agricultural Loans [Member] | Measurement Input, Manager Adjustments [Member] | ||
RE – Agricultural | 32 | |
RE – Agricultural | (32) | |
Third Party Appraisals [Member] | Agricultural Loans [Member] | Measurement Input, Manager Adjustments [Member] | Weighted Average [Member] | ||
RE – Agricultural | 32 | |
RE – Agricultural | (32) | |
Third Party Appraisals [Member] | Real Estate Loan [Member] | ||
RE – Residential | $ 83 | $ 0 |
Third Party Appraisals [Member] | Real Estate Loan [Member] | Measurement Input, Manager Adjustments [Member] | ||
RE – Residential | 8 | |
RE – Residential | (8) | |
Third Party Appraisals [Member] | Real Estate Loan [Member] | Measurement Input, Manager Adjustments [Member] | Weighted Average [Member] | ||
RE – Residential | 8 | |
RE – Residential | (8) |