Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2024 | Apr. 30, 2024 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001478454 | |
Entity Registrant Name | Eagle Bancorp Montana, Inc. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2024 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2024 | |
Document Transition Report | false | |
Entity File Number | 1-34682 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 27-1449820 | |
Entity Address, Address Line One | 1400 Prospect Avenue | |
Entity Address, City or Town | Helena | |
Entity Address, State or Province | MT | |
Entity Address, Postal Zip Code | 59601 | |
City Area Code | 406 | |
Local Phone Number | 442-3080 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 8,016,784 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | |
Assets [Abstract] | |||
Cash and due from banks | $ 19,479 | $ 23,243 | |
Interest-bearing deposits in banks | 1,438 | 1,302 | |
Total cash and cash equivalents | 20,917 | 24,545 | |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | 311,227 | 318,279 | |
Federal Home Loan Bank ("FHLB") stock | 8,449 | 9,191 | |
Federal Reserve Bank ("FRB") stock | 4,131 | 4,131 | |
Mortgage loans held-for-sale, at fair value | 9,612 | 11,432 | |
Loans receivable, net of allowance for credit losses of $16,410 at March 31, 2024 and $16,440 at December 31, 2023 | [1] | 1,480,978 | 1,468,049 |
Accrued interest and dividends receivable | 12,038 | 12,485 | |
Mortgage servicing rights, net | 15,738 | 15,853 | |
Premises and equipment, net | 97,643 | 94,282 | |
Cash surrender value of life insurance, net | 48,218 | 47,939 | |
Goodwill | 34,740 | 34,740 | |
Core deposit intangible, net | 5,514 | 5,880 | |
Other Assets | 26,869 | 28,860 | |
Total assets | 2,076,074 | 2,075,666 | |
LIABILITIES: | |||
Noninterest-bearing | 408,781 | 418,727 | |
Interest-bearing | 1,226,818 | 1,216,468 | |
Total deposits | 1,635,599 | 1,635,195 | |
Accrued expenses and other liabilities | 34,950 | 36,462 | |
FHLB advances and other borrowings | 177,540 | 175,737 | |
Other long-term debt: | |||
Principal amount | 60,155 | 60,155 | |
Unamortized debt issuance costs | (1,118) | (1,156) | |
Total other long-term debt, net | 59,037 | 58,999 | |
Total liabilities | 1,907,126 | 1,906,393 | |
SHAREHOLDERS' EQUITY: | |||
Preferred stock (par value $0.01 per share; 1,000,000 shares authorized; no shares issued or outstanding) | 0 | 0 | |
Common stock (par value $0.01 per share; 20,000,000 shares authorized; 8,507,429 shares issued at March 31, 2024 and December 31, 2023; 8,016,784 shares outstanding at March 31, 2024 and December 31, 2023) | 85 | 85 | |
Additional paid-in capital | 108,893 | 108,819 | |
Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") | (4,440) | (4,583) | |
Treasury stock, at cost (490,645 shares at March 31, 2024 and December 31, 2023) | (11,124) | (11,124) | |
Retained earnings | 96,797 | 96,021 | |
Accumulated other comprehensive loss, net of tax | (21,263) | (19,945) | |
Total shareholders' equity | 168,948 | 169,273 | |
Total liabilities and shareholders' equity | $ 2,076,074 | $ 2,075,666 | |
[1]Allowance for credit losses at December 31, 2023; allowance for loan losses at December 31, 2022. |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | |
Securities available-for-sale, amortized cost | $ 340,093 | $ 345,355 | |
Allowance for Credit Loss | [1] | $ 16,410 | $ 16,440 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | |
Preferred stock, share authorized (in shares) | 1,000,000 | 1,000,000 | |
Preferred stock, shares issued (in shares) | 0 | 0 | |
Preferred stock, shares outstanding (in shares) | 0 | 0 | |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | |
Common stock, shares authorized (in shares) | 20,000,000 | 20,000,000 | |
Common stock, shares issued (in shares) | 8,507,429 | 8,507,429 | |
Common stock, shares outstanding (in shares) | 8,016,784 | 8,016,784 | |
Treasury shares (in shares) | 490,645 | 490,645 | |
[1]Allowance for credit losses for the year ended December 31, 2023; allowance for loan losses for the year ended December 31, 2022. |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | ||
INTEREST AND DIVIDEND INCOME: | |||
Interest and fees on loans | $ 21,942 | $ 17,737 | |
Securities available-for-sale | 2,724 | 2,843 | |
FHLB and FRB dividends | 247 | 107 | |
Other interest income | 29 | 21 | |
Total interest and dividend income | 24,942 | 20,708 | |
INTEREST EXPENSE: | |||
Deposits | 6,548 | 2,460 | |
FHLB advances and other borrowings | 2,497 | 1,142 | |
Other long-term debt | 683 | 678 | |
Total interest expense | 9,728 | 4,280 | |
NET INTEREST INCOME | 15,214 | 16,428 | |
(Recapture) provision for credit losses | [1] | (135) | 279 |
NET INTEREST INCOME AFTER (RECAPTURE) PROVISION FOR CREDIT LOSSES | 15,349 | 16,149 | |
NONINTEREST INCOME: | |||
Appreciation in cash surrender value of life insurance | 288 | 280 | |
Net loss on sale of available-for-sale securities | 0 | (224) | |
Other noninterest income | 524 | 649 | |
Total noninterest income | 3,952 | 4,671 | |
NONINTEREST EXPENSE: | |||
Salaries and employee benefits | 9,718 | 9,693 | |
Occupancy and equipment expense | 2,099 | 2,073 | |
Data processing | 1,525 | 1,212 | |
Advertising | 253 | 281 | |
Amortization | 369 | 418 | |
Loan costs | 398 | 445 | |
Federal Deposit Insurance Corporation ("FDIC") insurance premiums | 299 | 168 | |
Professional and examination fees | 484 | 484 | |
Other noninterest expense | 1,888 | 1,759 | |
Total noninterest expense | 17,033 | 16,533 | |
INCOME BEFORE PROVISION FOR INCOME TAXES | 2,268 | 4,287 | |
Provision for income taxes | 370 | 1,045 | |
NET INCOME | $ 1,898 | $ 3,242 | |
BASIC EARNINGS PER COMMON SHARE (in dollars per share) | $ 0.24 | $ 0.42 | |
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) | $ 0.24 | $ 0.42 | |
Deposit Account [Member] | |||
NONINTEREST INCOME: | |||
Noninterest income revenue | $ 400 | $ 339 | |
Bank Servicing [Member] | |||
NONINTEREST INCOME: | |||
Noninterest income revenue | 2,177 | 3,050 | |
Debit Card [Member] | |||
NONINTEREST INCOME: | |||
Noninterest income revenue | $ 563 | $ 577 | |
[1]Provision for credit losses for the year ended December 31, 2023; provision for loan losses for the year ended December 31, 2022. |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Net income | $ 1,898 | $ 3,242 |
OTHER ITEMS OF COMPREHENSIVE (LOSS) INCOME BEFORE TAX: | ||
Change in fair value of investment securities available-for-sale | (1,790) | 4,977 |
Reclassification for net realized losses on investment securities available-for-sale | 0 | 224 |
Total other comprehensive (loss) income | (1,790) | 5,201 |
Income tax benefit (provision) related to securities available-for-sale | 472 | (1,369) |
COMPREHENSIVE INCOME | $ 580 | $ 7,074 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Cumulative Effect, Period of Adoption, Adjustment [Member] Preferred Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Unallocated ESOP Shares [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Treasury Stock, Common [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] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Unallocated ESOP Shares [Member] | Treasury Stock, Common [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ (1,616) | $ 0 | $ (1,616) | ||||||||
Balance at Dec. 31, 2022 | $ 0 | $ 85 | $ 109,164 | $ (5,156) | $ (11,343) | $ 92,023 | $ (26,357) | $ 158,416 | ||||||||
Net income | 0 | 0 | 0 | 0 | 0 | 3,242 | 0 | 3,242 | ||||||||
Other comprehensive income (loss) | 0 | 0 | 0 | 0 | 0 | 0 | 3,832 | 3,832 | ||||||||
Dividends paid | 0 | 0 | 0 | 0 | 0 | (1,102) | 0 | (1,102) | ||||||||
Stock compensation expense | 0 | 0 | 145 | 0 | 0 | 0 | 0 | 145 | ||||||||
ESOP shares allocated | 0 | 0 | (44) | 143 | 0 | 0 | 0 | 99 | ||||||||
Balance at Mar. 31, 2023 | 0 | 85 | 109,265 | (5,013) | (11,343) | 92,547 | (22,525) | 163,016 | ||||||||
Balance at Dec. 31, 2023 | 0 | 85 | 108,819 | (4,583) | (11,124) | 96,021 | (19,945) | 169,273 | ||||||||
Net income | 0 | 0 | 0 | 0 | 0 | 1,898 | 0 | 1,898 | ||||||||
Other comprehensive income (loss) | 0 | 0 | 0 | 0 | 0 | 0 | (1,318) | (1,318) | ||||||||
Dividends paid | 0 | 0 | 0 | 0 | 0 | (1,122) | 0 | (1,122) | ||||||||
Stock compensation expense | 0 | 0 | 135 | 0 | 0 | 0 | 0 | 135 | ||||||||
ESOP shares allocated | 0 | 0 | (61) | 143 | 0 | 0 | 0 | 82 | ||||||||
Balance at Mar. 31, 2024 | $ 0 | $ 85 | $ 108,893 | $ (4,440) | $ (11,124) | $ 96,797 | $ (21,263) | $ 168,948 |
Condensed Consolidated Statem_6
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Dividends paid, per share (in dollars per share) | $ 0.14 | $ 0.1375 |
ESOP shares allocated or committed to be released for allocation, shares (in shares) | 5,997 | 5,997 |
Condensed Consolidated Statem_7
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | ||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Net income | $ 1,898 | $ 3,242 | |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | |||
(Recapture) provision for credit losses | [1] | (135) | 279 |
Depreciation | 1,288 | 948 | |
Net amortization of investment securities premiums and discounts | 243 | 272 | |
Amortization of mortgage servicing rights | 367 | 400 | |
Amortization of right-of-use assets | 131 | 170 | |
Amortization | 369 | 418 | |
Compensation expense related to restricted stock awards | 135 | 145 | |
ESOP compensation expense for allocated shares | 82 | 99 | |
Deferred income tax benefit | (292) | (820) | |
Net gain on sale of loans | (1,414) | (2,203) | |
Originations of loans held-for-sale | (41,965) | (64,839) | |
Proceeds from sales of loans held-for-sale | 44,947 | 65,365 | |
Net realized loss on sales of available-for-sale securities | 0 | 224 | |
Net appreciation in cash surrender value of life insurance | (288) | (280) | |
Net change in: | |||
Accrued interest and dividends receivable | 447 | 857 | |
Other assets | 2,769 | (2,399) | |
Accrued expenses and other liabilities | (1,462) | (3,039) | |
Net cash provided by (used in) operating activities | 7,120 | (1,161) | |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||
Sales | 0 | 22,773 | |
Maturities, principal payments and calls | 5,042 | 10,089 | |
Purchases | 0 | (28,126) | |
FHLB stock purchased (redeemed) | 742 | (2,271) | |
Loan origination and principal collection, net | (12,839) | (24,587) | |
Proceeds from sale of real estate and other repossessed assets acquired in settlement of loans | 2 | 17 | |
Purchases of premises and equipment, net | (4,780) | (3,410) | |
Net cash used in investing activities | (11,833) | (25,515) | |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
Net increase (decrease) in deposits | 404 | (27,734) | |
Net payments on short-term FHLB and other borrowings | (18,197) | 0 | |
Advances on long-term FHLB and other borrowings | 20,000 | 53,136 | |
Dividends paid | (1,122) | (1,102) | |
Net cash provided by financing activities | 1,085 | 24,300 | |
NET DECREASE IN CASH AND CASH EQUIVALENTS | (3,628) | (2,376) | |
CASH AND CASH EQUIVALENTS, beginning of period | 24,545 | 21,811 | |
CASH AND CASH EQUIVALENTS, end of period | 20,917 | 19,435 | |
SUPPLEMENTAL CASH FLOW INFORMATION: | |||
Cash paid during the period for interest | 10,185 | 4,539 | |
(Decrease) increase in fair value of securities available-for-sale | |||
Mortgage servicing rights recognized | 252 | 863 | |
Right-of-use assets obtained in exchange for lease liabilities | 0 | 3 | |
Commitments to invest in Low-Income Housing Tax Credit projects | 0 | 6,012 | |
Retained earnings | 96,797 | ||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
(Decrease) increase in fair value of securities available-for-sale | |||
Retained earnings | $ 0 | $ (1,616) | |
[1]Provision for credit losses for the year ended December 31, 2023; provision for loan losses for the year ended December 31, 2022. |
Note 1 - Organization and Summa
Note 1 - Organization and Summary of Significant Accounting Policies - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Dec. 31, 2023 | |
Assets [Abstract] | ||
Other Assets | $ 26,869 | $ 28,860 |
Notes to Financial Statements | ||
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 1. Organization Eagle Bancorp Montana, Inc. (“Eagle” or the “Company”), is a Delaware corporation that holds 100% of the capital stock of Opportunity Bank of Montana (“OBMT” or the “Bank”), formerly American Federal Savings Bank (“AFSB”). The Bank was founded in 1922 1975, October 2014 In September 2021, April 30, 2022. nine In March 2021, 10 other assets March 31, 2024 December 31, 2023, March 31, 2024 December 31, 2023. 2024. On January 1, 2020, one December 2023, The Bank currently has 29 Basis of Financial Statement Presentation and Use of Estimates The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10 10 X 10 December 31, 2023 March 6, 2024. The results of operations for the three March 31, 2024 not December 31, 2023 Principles of Consolidation The condensed consolidated financial statements include Eagle, th e Bank, OHF, Eagle Bancorp Statutory Trust I (the “Trust”) and OFS. Reclassifications Certain prior period amounts were reclassified to conform to the presentation for 2024 no Subsequent Events The Company has evaluated events and transactions subsequent to March 31, 2024 Recently Adopted Accounting Pronouncements In March 2020, No. 2020 04, 848 January 2021, No. 2021 01, 848 848 No. 2021 01 December 31, 2024. June 30, 2023. No. 2021 01 not Recently Issued Accounting Pronouncements In November 2023, No. 2023 07, 280 December 15, 2023, December 15, 2024. In December 2023, No. 2023 09, 740 December 15, 2024, |
Note 2 - Investment Securities
Note 2 - Investment Securities | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 2. INVESTMENT SECURITIES The amortized cost and fair values of securities, together with unrealized gains and losses, were as follows: March 31, 2024 December 31, 2023 Gross Gross Amortized Unrealized Fair Amortized Unrealized Fair Cost Gains (Losses) ACL Value Cost Gains (Losses) ACL Value (In Thousands) Available-for-Sale: U.S. government and agency obligations $ 6,317 $ 108 $ (200 ) $ - $ 6,225 $ 6,574 $ 121 $ (152 ) $ - $ 6,543 U.S. Treasury obligations 52,526 - (6,349 ) - 46,177 52,505 - (5,690 ) - 46,815 Municipal obligations 147,931 130 (12,723 ) - 135,338 149,168 460 (11,678 ) - 137,950 Corporate obligations 4,246 - (303 ) - 3,943 4,245 - (340 ) - 3,905 Mortgage-backed securities 26,930 3 (1,669 ) - 25,264 28,426 - (1,673 ) - 26,753 Collateralized mortgage obligations 93,016 1 (7,935 ) - 85,082 94,709 - (8,141 ) - 86,568 Asset-backed securities 9,127 72 (1 ) - 9,198 9,728 32 (15 ) - 9,745 Total $ 340,093 $ 314 $ (29,180 ) $ - $ 311,227 $ 345,355 $ 613 $ (27,689 ) $ - $ 318,279 Proceeds from sale of available-for sale securities and the associated realized gains and losses were as follows: Three Months Ended March 31, 2024 2023 (In Thousands) Proceeds from sale of available-for-sale securities $ - $ 22,773 Gross realized gain on sale of available-for-sale securities - - Gross realized loss on sale of available-for-sale securities - (224 ) Net realized loss on sale of available-for-sale securities $ - $ (224 ) The amortized cost and fair value of securities by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may March 31, 2024 Amortized Fair Cost Value (In Thousands) Due in one year or less $ 4,455 $ 4,397 Due from one to five years 41,167 37,591 Due from five to ten years 73,237 63,399 Due after ten years 101,288 95,494 220,147 200,881 Mortgage-backed securities 26,930 25,264 Collateralized mortgage obligations 93,016 85,082 Total $ 340,093 $ 311,227 As of March 31, 2024 December 31, 2023 $39,898,000 The Company’s investment securities that have been in a continuous unrealized loss position for less than twelve twelve March 31, 2024 Less Than 12 Months 12 Months or Longer Gross Gross Fair Unrealized Fair Unrealized Value Losses Value Losses (In Thousands) U.S. government and agency obligations $ - $ - $ 1,729 $ (200 ) U.S. Treasury obligations - - 46,177 (6,349 ) Municipal obligations 18,562 (151 ) 99,869 (12,572 ) Corporate obligations - - 3,943 (303 ) Mortgage-backed securities and collateralized mortgage obligations 169 (5 ) 105,962 (9,599 ) Asset-backed securities - - 2,090 (1 ) Total $ 18,731 $ (156 ) $ 259,770 $ (29,024 ) December 31, 2023 Less Than 12 Months 12 Months or Longer Gross Gross Fair Unrealized Fair Unrealized Value Losses Value Losses (In Thousands) U.S. government and agency obligations $ 402 $ - $ 1,800 $ (152 ) U.S. Treasury obligations - - 46,816 (5,690 ) Municipal obligations 12,000 (63 ) 91,869 (11,615 ) Corporate obligations - - 3,905 (340 ) Mortgage-backed securities and collateralized mortgage obligations 11,452 (156 ) 101,869 (9,658 ) Asset-backed securities 2,521 (10 ) 2,202 (5 ) Total $ 26,375 $ (229 ) $ 248,461 $ (27,460 ) As of March 31, 2024 December 31, 2023 March 31, 2024 not not March 31, 2024 December 31, 2023. |
Note 3 - Loans Receivable
Note 3 - Loans Receivable | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 3. LOANS RECEIVABLE Loans receivable consisted of the following: March 31, December 31, 2024 2023 (In Thousands) Real estate loans: Residential 1-4 family $ 202,440 $ 200,012 Commercial real estate 920,438 909,413 Other loans: Home equity 90,418 86,932 Consumer 29,677 30,125 Commercial 254,415 258,007 Total 1,497,388 1,484,489 Allowance for credit losses (16,410 ) (16,440 ) Total loans, net $ 1,480,978 $ 1,468,049 Included in the above are loans guaranteed by U.S. government agencies tota ling $20,366,000 a nd $23,215,000 at March 31, 2024 and December 31, 2023 , respectively. The following table provides allowance for credit losses activity for the three March 31, 2024 . Residential Commercial Home 1-4 Family Real Estate Equity Consumer Commercial Total (In Thousands) Allowance for credit losses on loans: Beginning balance, December 31, 2023 $ 1,866 $ 10,691 $ 540 $ 304 $ 3,039 $ 16,440 Charge-offs - - - (1 ) - (1 ) Recoveries - 3 - 1 62 66 (Recapture) provision (8 ) (61 ) (2 ) - (24 ) (95 ) Total ending allowance balance, March 31, 2024 $ 1,858 $ 10,633 $ 538 $ 304 $ 3,077 $ 16,410 The following table provides allowance for credit losses activity for the three March 31, 2023. Residential Commercial Home 1-4 Family Real Estate Equity Consumer Commercial Total (In Thousands) Allowance for credit losses on loans: Beginning balance, December 31, 2022, prior to adoption of ASC 326 $ 1,472 $ 9,037 $ 509 $ 342 $ 2,640 $ 14,000 Impact of adopting ASC 326 21 534 3 1 141 700 Charge-offs - - - (1 ) - (1 ) Recoveries 6 5 - 1 10 22 Provision 81 156 1 1 40 279 Total ending allowance balance, March 31, 2023 $ 1,580 $ 9,732 $ 513 $ 344 $ 2,831 $ 15,000 Internal classification of the loan portfolio by amortized cost and based on year originated was as follows: March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Total Loans (In Thousands) RESIDENTIAL 1-4 FAMILY Pass $ 7,528 $ 27,785 $ 35,596 $ 22,639 $ 14,558 $ 40,845 $ 7,170 $ 156,121 Special Mention - - 928 - - 225 - 1,153 Substandard - - - - - 140 - 140 Total Residential 1-4 family 7,528 27,785 36,524 22,639 14,558 41,210 7,170 157,414 Current-period gross charge-offs - - - - - - - - RESIDENTIAL 1-4 FAMILY CONSTRUCTION Pass 3,065 17,902 20,466 2,836 - - - 44,269 Special Mention - - 757 - - - - 757 Total Residential 1-4 family construction 3,065 17,902 21,223 2,836 - - - 45,026 Current-period gross charge-offs - - - - - - - - COMMERCIAL REAL ESTATE Pass 13,286 63,808 167,606 140,229 49,523 152,229 34,552 621,233 Special Mention - 1,294 1,500 485 1,934 2,594 - 7,807 Substandard - - - - - 3,412 - 3,412 Total Commercial real estate 13,286 65,102 169,106 140,714 51,457 158,235 34,552 632,452 Current-period gross charge-offs - - - - - - - - COMMERCIAL CONSTRUCTION AND DEVELOPMENT Pass 2,793 29,547 70,757 18,155 5,772 10,387 8,248 145,659 Special Mention - 136 507 449 - 985 - 2,077 Substandard - - - - 4 - - 4 Total Commercial construction and development 2,793 29,683 71,264 18,604 5,776 11,372 8,248 147,740 Current-period gross charge-offs - - - - - - - - FARMLAND Pass 2,770 19,317 34,473 19,355 21,219 37,619 3,956 138,709 Substandard - - 232 - 65 1,240 - 1,537 Total Farmland 2,770 19,317 34,705 19,355 21,284 38,859 3,956 140,246 Current-period gross charge-offs - - - - - - - - HOME EQUITY Pass 551 1,661 3,409 370 553 2,940 80,451 89,935 Special Mention - - - - - - 290 290 Substandard - - - - - 104 89 193 Total Home Equity 551 1,661 3,409 370 553 3,044 80,830 90,418 Current-period gross charge-offs - - - - - - - - CONSUMER Pass 2,991 11,470 7,171 2,957 1,685 1,313 2,010 29,597 Special Mention - - 17 - - - - 17 Substandard - - 7 - 32 22 2 63 Total Consumer 2,991 11,470 7,195 2,957 1,717 1,335 2,012 29,677 Current-period gross charge-offs - - - - - - 1 1 COMMERCIAL Pass 7,517 32,550 22,418 21,234 19,587 8,303 23,055 134,664 Special Mention - 24 98 18 124 244 2,399 2,907 Substandard - - 9 17 - 33 10 69 Total Commercial 7,517 32,574 22,525 21,269 19,711 8,580 25,464 137,640 Current-period gross charge-offs - - - - - - - - AGRICULTURAL Pass 9,724 33,050 12,353 6,664 4,656 2,108 45,837 114,392 Special Mention - - - - - - - - Substandard - 104 168 186 55 970 900 2,383 Total Agricultural 9,724 33,154 12,521 6,850 4,711 3,078 46,737 116,775 Current-period gross charge-offs - - - - - - - - TOTAL LOANS Pass $ 50,225 $ 237,090 $ 374,249 $ 234,439 $ 117,553 $ 255,744 $ 205,279 1,474,579 Special Mention - 1,454 3,050 952 2,058 4,048 2,689 15,008 Substandard - 104 1,173 203 156 5,921 1,001 7,801 Doubtful - - - - - - - - Total $ 50,225 $ 238,648 $ 378,472 $ 235,594 $ 119,767 $ 265,713 $ 208,969 $ 1,497,388 December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Total Loans (In Thousands) RESIDENTIAL 1-4 FAMILY Pass $ 10,987 $ 15,696 $ 24,575 $ 38,738 $ 28,122 $ 30,938 $ 6,179 $ 155,235 Special Mention - - - 940 - 228 - 1,168 Substandard - - - - - 175 - 175 Total Residential 1-4 family 10,987 15,696 24,575 39,678 28,122 31,341 6,179 156,578 Current-period gross charge-offs - - - - - - - - RESIDENTIAL 1-4 FAMILY CONSTRUCTION Pass - - 6,088 21,889 14,700 - - 42,677 Substandard - - 757 - - - - 757 Total Residential 1-4 family construction - - 6,845 21,889 14,700 - - 43,434 Current-period gross charge-offs - - - - - - - - COMMERCIAL REAL ESTATE Pass 55,820 50,408 141,407 154,941 63,174 103,620 31,122 600,492 Special Mention 2,593 1,948 493 1,512 1,314 - - 7,860 Substandard - - - - - 339 - 339 Total Commercial real estate 58,413 52,356 141,900 156,453 64,488 103,959 31,122 608,691 Current-period gross charge-offs - - - - - - - - COMMERCIAL CONSTRUCTION AND DEVELOPMENT Pass 6,900 6,399 19,500 80,061 31,149 3,762 8,285 156,056 Special Mention - - 441 511 134 990 - 2,076 Total Commercial construction and development 6,900 6,399 19,941 80,572 31,283 4,752 8,285 158,132 Current-period gross charge-offs - - - - - - - - FARMLAND Pass 9,551 21,728 19,795 36,291 19,452 29,551 4,480 140,848 Substandard 483 65 - 407 - 787 - 1,742 Total Farmland 10,034 21,793 19,795 36,698 19,452 30,338 4,480 142,590 Current-period gross charge-offs - - - - - - - - HOME EQUITY Pass 621 565 376 3,630 1,736 2,398 77,409 86,735 Substandard - - - - - 107 90 197 Total Home Equity 621 565 376 3,630 1,736 2,505 77,499 86,932 Current-period gross charge-offs - - - - - - - - CONSUMER Pass 449 1,953 3,398 8,109 13,083 1,069 1,977 30,038 Special Mention - - - 18 - - - 18 Substandard - 37 - 8 - 22 2 69 Total Consumer 449 1,990 3,398 8,135 13,083 1,091 1,979 30,125 Current-period gross charge-offs 1 - 28 2 16 4 - 51 COMMERCIAL Pass 2,834 20,496 22,804 23,581 31,661 6,354 21,914 129,644 Special Mention - 25 33 109 - 98 2,741 3,006 Substandard - - 17 9 - 33 - 59 Total Commercial 2,834 20,521 22,854 23,699 31,661 6,485 24,655 132,709 Current-period gross charge-offs - - 26 - - 8 - 34 AGRICULTURAL Pass 1,473 5,818 7,241 16,856 40,176 1,517 50,461 123,542 Substandard 427 55 435 282 - 557 - 1,756 Total Agricultural 1,900 5,873 7,676 17,138 40,176 2,074 50,461 125,298 Current-period gross charge-offs - - - 1 - 93 - 94 TOTAL LOANS Pass 88,635 123,063 245,184 384,096 243,253 179,209 201,827 1,465,267 Special Mention 2,593 1,973 967 3,090 1,448 1,316 2,741 14,128 Substandard 910 157 1,209 706 - 2,020 92 5,094 Doubtful - - - - - - - - Total $ 92,138 $ 125,193 $ 247,360 $ 387,892 $ 244,701 $ 182,545 $ 204,660 $ 1,484,489 The following tables include information regarding delinquencies within the loan portfolio. March 31, 2024 Loans Past Due and Still Accruing 90 Days Nonaccrual Nonaccrual 30-89 Days and Loans with Loans with Current Total Past Due Greater Total no ACL ACL Loans Loans (In Thousands) Real estate loans: Residential 1-4 family $ 700 $ 143 $ 843 $ 284 $ - $ 156,287 $ 157,414 Residential 1-4 family construction - - - 757 - 44,269 45,026 Commercial real estate 692 1,341 2,033 340 - 630,079 632,452 Commercial construction and development 81 - 81 4 - 147,655 147,740 Farmland 38 429 467 1,603 - 138,176 140,246 Other loans: Home equity 100 - 100 178 - 90,140 90,418 Consumer 97 - 97 60 15 29,505 29,677 Commercial 198 - 198 26 - 137,416 137,640 Agricultural 1,021 66 1,087 1,895 69 113,724 116,775 Total $ 2,927 $ 1,979 $ 4,906 $ 5,147 $ 84 $ 1,487,251 $ 1,497,388 December 31, 2023 Loans Past Due and Still Accruing 90 Days Nonaccrual Nonaccrual 30-89 Days and Loans with Loans with Current Total Past Due Greater Total no ACL ACL Loans Loans (In Thousands) Real estate loans: Residential 1-4 family $ 305 $ - $ 305 $ 297 $ - $ 155,976 $ 156,578 Residential 1-4 family construction - - - 757 - 42,677 43,434 Commercial real estate 697 - 697 340 - 607,654 608,691 Commercial construction and development 194 - 194 - - 157,938 158,132 Farmland 404 26 430 1,982 1,734 138,444 142,590 Other loans: Home equity 32 - 32 182 - 86,718 86,932 Consumer 115 - 115 45 15 29,950 30,125 Commercial - - - 27 - 132,682 132,709 Agricultural 74 - 74 2,947 69 122,208 125,298 Total $ 1,821 $ 26 $ 1,847 $ 6,577 $ 1,818 $ 1,474,247 $ 1,484,489 Interest income recognized on nonaccrual loans for the three March 31, 2024 and 2023 In terest payments received on a cash basis related to nonaccrual loan s w ere $414,000 a March 31, 2024 $471,000 at December 31, 2023 . The following tables presents the amortized cost basis of collateral-dependent loans by class of loans. March 31, 2024 Real Estate Business Assets Other (In Thousands) Real estate loans: Residential 1-4 family $ 352 $ - $ - Residential 1-4 family construction 757 - - Commercial real estate 43 1,641 - Farmland 2,070 - - Other loans: Home equity 43 - - Consumer - - 36 Commercial - 17 - Agricultural - 3,044 - Total $ 3,265 $ 4,702 $ 36 December 31, 2023 Real Estate Business Assets Other (In Thousands) Real estate loans: Residential 1-4 family $ 264 $ - $ - Residential 1-4 family construction 757 - - Commercial real estate 39 300 - Farmland 4,116 - - Other loans: Home equity 44 - - Consumer - - 36 Commercial - - - Agricultural - 2,465 - Total $ 5,220 $ 2,765 $ 36 During the three March 31, 2024, not As of March 31, 2023, one two one ten March 31, 2024. |
Note 4 - Mortgage Servicing Rig
Note 4 - Mortgage Servicing Rights | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Transfers and Servicing of Financial Assets [Text Block] | NOTE 4. MORTGAGE SERVICING RIGHTS The Company is servicing mortgage loans for the benefit of others which are not March 31, 2024 December 31, 2023 three March 31, 2024 2023 Custodial balances maintained in connection with the foregoing loan servicing are included in noninterest checking deposits and were $15,593,000 and $8,539,000 at March 31, 2024 December 31, 2023 The following table is a summary of activity in mortgage servicing rights: As of or For the Three Months Ended March 31, 2024 2023 (In Thousands) Mortgage servicing rights: Beginning balance $ 15,853 $ 15,412 Mortgage servicing rights capitalized 252 863 Amortization of mortgage servicing rights (367 ) (400 ) Ending balance $ 15,738 $ 15,875 The fair values of these mortgage servicing rights were $20,733,000 and $20,388,000 at March 31, 2024 December 31, 2023 March 31, December 31, 2024 2023 Key assumptions: Discount rate 12% 12% Prepayment speed range 94-545% 104 - 526% Weighted average prepayment speed 108% 119% |
Note 5 - Deposits
Note 5 - Deposits | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 5. DEPOSITS Deposits are summarized as follows: March 31, December 31, 2024 2023 (In Thousands) Noninterest checking $ 408,781 $ 418,727 Interest-bearing checking 217,654 211,101 Savings 229,248 230,711 Money market 339,796 330,274 Time certificates of deposit 440,120 444,382 Total $ 1,635,599 $ 1,635,195 |
Note 6 - Other Long-term Debt
Note 6 - Other Long-term Debt | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Long-Term Debt [Text Block] | NOTE 6. OTHER LONG-TERM DEBT Other long-term debt consisted of the following: March 31, 2024 December 31, 2023 Unamortized Unamortized Debt Debt Principal Issuance Principal Issuance Amount Costs Amount Costs (In Thousands) Subordinated debentures fixed at 5.50 2030 $ 15,000 $ (210 ) $ 15,000 $ (219 ) Subordinated debentures fixed at 3.50 2032 40,000 (908 ) 40,000 (937 ) Subordinated debentures variable at 3-Month SOFR plus 1.68 2035 5,155 - 5,155 - Total other long-term debt $ 60,155 $ (1,118 ) $ 60,155 $ (1,156 ) In January 2022, 2032 February 1, 2027, three SOFR February 1, 2027. 2 In June 2020, 2030 July 1, 2025, three July 1, 2025. 2 In September 2005, December 2005. The annual percentage rate of the interest payable on the subordinated debentures and distributions payable on the preferred securities was fixed at 6.02% December 2010 three 1.42% June 30, 2023, December 31, 2023 In December 2022, 12 253, 253 June 30, 2023. three March 31, 2024. March 31, 2024. may five December 2035 1 |
Note 7 - Accumulated Other Comp
Note 7 - Accumulated Other Comprehensive Income (Loss) | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 7. The following table includes information regarding the activity in accumulated other comprehensive income (loss). Unrealized (Losses) Gains on Securities Available-for-Sale (In Thousands) Balance at January 1, 2024 $ (19,945 ) Other comprehensive loss, before reclassifications and income taxes (1,790 ) Amounts reclassified from accumulated other comprehensive loss, before income taxes - Income tax benefit 472 Total other comprehensive loss (1,318 ) Balance, March 31, 2024 $ (21,263 ) Balance, January 1, 2023 $ (26,357 ) Other comprehensive income, before reclassifications and income taxes 4,977 Amounts reclassified from accumulated other comprehensive loss, before income taxes 224 Income tax provision (1,369 ) Total other comprehensive income 3,832 Balance, March 31, 2023 $ (22,525 ) |
Note 8 - Earnings Per Common Sh
Note 8 - Earnings Per Common Share | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 8. EARNINGS PER COMMON SHARE The computations of basic and diluted earnings per common share are as follows: Three Months Ended March 31, 2024 2023 (Dollars in Thousands, Except Per Share Data) Basic weighted average shares outstanding 7,824,928 7,790,188 Dilutive effect of stock compensation 10,376 2,279 Diluted weighted average shares outstanding 7,835,304 7,792,467 Net income available to common shareholders $ 1,898 $ 3,242 Basic earnings common per share $ 0.24 $ 0.42 Diluted earnings per common share $ 0.24 $ 0.42 Restricted stock units excluded from the diluted average outstanding share calculation because their effect would be anti-dilutive 21,698 11,625 |
Note 9 - Derivatives and Hedgin
Note 9 - Derivatives and Hedging Activities | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 9. The Company enters into commitments to originate and sell mortgage loans. The Bank uses derivatives to hedge the risk of changes in fair values of interest rate lock commitments and mortgage loans held-for-sale. An optimal amount of mortgage loans are sold directly into bulk commitments with investors at the time an interest rate is locked, other loans are sold on an individual best efforts basis at the time an interest rate is locked, and the remaining balance of locked loans are hedged using To-Be-Announced (“TBA”) mortgage-backed securities or bulk mandatory forward loan sale commitments. Derivatives are accounted for as free-standing or economic derivatives and are measured at fair value. Derivatives are recorded as either other assets or other liabilities on the condensed consolidated statements of condition. Derivatives are summarized as follows: March 31, 2024 December 31, 2023 Notional Fair Value Notional Fair Value Amount Asset Liability Amount Asset Liability (In Thousands) Interest rate lock commitments $ 15,926 $ - $ 63 $ 15,670 $ 15 $ - Forward TBA mortgage-backed securities 10,000 - 19 12,000 - 75 Changes in the fair value of the derivatives are recorded in mortgage banking, net, within noninterest income on the condensed consolidated statements of inc ome. Net losses of $22,000 and $117,000 were recorded for the three March 31, 2024 2023, |
Note 10 - Fair Value of Financi
Note 10 - Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | NOTE 10 . FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Assets and liabilities that are measured at fair value are grouped in three The fair value hierarchy is as follows: ■ Level 1 ■ Level 2 not ■ Level 3 may A description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy at the reporting date, is set forth below. Available-for-Sale Securities 1 2 2 may not Loans Held-for-Sale not 2 Derivative Instruments 3 2 Collateral-Dependent Loans 3 3 Real Estate and Other Repossessed Assets third 3 Mortgage Servicing Rights third 3 The following tables summarize financial assets and financial liabilities measured at fair value on a recurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value. March 31, 2024 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Financial assets: Available-for-sale securities U.S. government and agency obligations $ - $ 6,225 $ - $ 6,225 U.S. Treasury obligations 46,177 - - 46,177 Municipal obligations - 135,338 - 135,338 Corporate obligations - 3,943 - 3,943 Mortgage-backed securities - 25,264 - 25,264 Collateralized mortgage obligations - 85,082 - 85,082 Asset-backed securities - 9,198 - 9,198 Loans held-for-sale - 9,612 - 9,612 Financial liabilities: Forward TBA mortgage-backed securities - 19 - 19 Interest rate lock commitments - - 63 63 December 31, 2023 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Financial assets: Available-for-sale securities U.S. government and agency obligations $ - $ 6,543 $ - $ 6,543 U.S. Treasury obligations 46,815 - - 46,815 Municipal obligations - 137,950 - 137,950 Corporate obligations - 3,905 - 3,905 Mortgage-backed securities - 26,753 - 26,753 Collateralized mortgage obligations - 86,568 - 86,568 Asset-backed securities - 9,745 - 9,745 Loans held-for-sale - 11,432 - 11,432 Interest rate lock commitments - - 15 15 Financial liabilities: Forward TBA mortgage-backed securities - 75 - 75 Certain financial assets may The following table summarizes financial assets measured at fair value on a nonrecurring basis for which a nonrecurring change in fair value has been recorded during the reporting periods presented: March 31, 2024 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Collateral-dependent loans individually evaluated, net of ACL $ - $ - $ 44 $ 44 December 31, 2023 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Collateral-dependent loans individually evaluated, net of ACL $ - $ - $ 1,782 $ 1,782 The following table represents the Banks’s Level 3 Principal Significant Range of Valuation Unobservable Significant Input Instrument Technique Inputs Values Collateral-dependent loans individually evaluated Fair value of underlying collateral Discount applied to the obtained appraisal 10-30% Real estate and other repossessed assets Fair value of collateral Discount applied to the obtained appraisal 10-30% Interest rate lock commitments Internal pricing model Pull-through expectations 85-95% The following tables provide a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3 three March 31, 2024. Three Months Ended March 31, 2024 2023 Interest Rate Lock Commitments (In Thousands) Beginning balance, January 1, 2024 $ 15 $ (81 ) Purchases and issuances (140 ) 37 Sales and settlements 62 174 Ending balance, March 31, 2024 $ (63 ) $ 130 Unrealized (losses) gains related to items held at end of period $ (78 ) $ 211 The tables below summarize the estimated fair values of financial instruments of the Company, whether or not March 31, 2024 Total Level 1 Level 2 Level 3 Estimated Carrying Inputs Inputs Inputs Fair Value Amount (In Thousands) Financial assets: Cash and cash equivalents $ 20,917 $ - $ - $ 20,917 $ 20,917 FHLB stock - 8,449 - 8,449 8,449 FRB stock - 4,131 - 4,131 4,131 Loans receivable, gross - - 1,432,102 1,432,102 1,497,388 Mortgage servicing rights - - 20,733 20,733 15,738 Financial liabilities: Non-maturing interest-bearing deposits - 786,698 - 786,698 786,698 Time certificates of deposit - - 437,346 437,346 440,120 FHLB advances and other borrowings - - 177,540 177,540 177,540 Other long-term debt - - 57,464 57,464 60,155 December 31, 2023 Total Level 1 Level 2 Level 3 Estimated Carrying Inputs Inputs Inputs Fair Value Amount (In Thousands) Financial assets: Cash and cash equivalents $ 24,545 $ - $ - $ 24,545 $ 24,545 FHLB stock - 9,191 - 9,191 9,191 FRB stock - 4,131 - 4,131 4,131 Loans receivable, gross - - 1,416,203 1,416,203 1,484,489 Mortgage servicing rights - - 20,388 20,388 15,853 Financial liabilities: Non-maturing interest-bearing deposits - 772,086 - 772,086 772,086 Time certificates of deposit - - 441,939 441,939 444,382 FHLB advances and other borrowings - - 175,842 175,842 175,737 Other long-term debt - - 58,094 58,094 60,155 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Mar. 31, 2024 | |
Insider Trading Arr Line Items | |
Material Terms of Trading Arrangement [Text Block] | 5. Other Information. During the three March 31, 2024, none 16a 1 10b5 1 10b5 1 408 |
Rule 10b5-1 Arrangement Adopted [Flag] | false |
Non-Rule 10b5-1 Arrangement Adopted [Flag] | false |
Rule 10b5-1 Arrangement Terminated [Flag] | false |
Non-Rule 10b5-1 Arrangement Terminated [Flag] | false |
Note 2 - Investment Securities
Note 2 - Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Marketable Securities [Table Text Block] | March 31, 2024 December 31, 2023 Gross Gross Amortized Unrealized Fair Amortized Unrealized Fair Cost Gains (Losses) ACL Value Cost Gains (Losses) ACL Value (In Thousands) Available-for-Sale: U.S. government and agency obligations $ 6,317 $ 108 $ (200 ) $ - $ 6,225 $ 6,574 $ 121 $ (152 ) $ - $ 6,543 U.S. Treasury obligations 52,526 - (6,349 ) - 46,177 52,505 - (5,690 ) - 46,815 Municipal obligations 147,931 130 (12,723 ) - 135,338 149,168 460 (11,678 ) - 137,950 Corporate obligations 4,246 - (303 ) - 3,943 4,245 - (340 ) - 3,905 Mortgage-backed securities 26,930 3 (1,669 ) - 25,264 28,426 - (1,673 ) - 26,753 Collateralized mortgage obligations 93,016 1 (7,935 ) - 85,082 94,709 - (8,141 ) - 86,568 Asset-backed securities 9,127 72 (1 ) - 9,198 9,728 32 (15 ) - 9,745 Total $ 340,093 $ 314 $ (29,180 ) $ - $ 311,227 $ 345,355 $ 613 $ (27,689 ) $ - $ 318,279 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended March 31, 2024 2023 (In Thousands) Proceeds from sale of available-for-sale securities $ - $ 22,773 Gross realized gain on sale of available-for-sale securities - - Gross realized loss on sale of available-for-sale securities - (224 ) Net realized loss on sale of available-for-sale securities $ - $ (224 ) |
Investments Classified by Contractual Maturity Date [Table Text Block] | March 31, 2024 Amortized Fair Cost Value (In Thousands) Due in one year or less $ 4,455 $ 4,397 Due from one to five years 41,167 37,591 Due from five to ten years 73,237 63,399 Due after ten years 101,288 95,494 220,147 200,881 Mortgage-backed securities 26,930 25,264 Collateralized mortgage obligations 93,016 85,082 Total $ 340,093 $ 311,227 |
Gain (Loss) on Securities [Table Text Block] | March 31, 2024 Less Than 12 Months 12 Months or Longer Gross Gross Fair Unrealized Fair Unrealized Value Losses Value Losses (In Thousands) U.S. government and agency obligations $ - $ - $ 1,729 $ (200 ) U.S. Treasury obligations - - 46,177 (6,349 ) Municipal obligations 18,562 (151 ) 99,869 (12,572 ) Corporate obligations - - 3,943 (303 ) Mortgage-backed securities and collateralized mortgage obligations 169 (5 ) 105,962 (9,599 ) Asset-backed securities - - 2,090 (1 ) Total $ 18,731 $ (156 ) $ 259,770 $ (29,024 ) December 31, 2023 Less Than 12 Months 12 Months or Longer Gross Gross Fair Unrealized Fair Unrealized Value Losses Value Losses (In Thousands) U.S. government and agency obligations $ 402 $ - $ 1,800 $ (152 ) U.S. Treasury obligations - - 46,816 (5,690 ) Municipal obligations 12,000 (63 ) 91,869 (11,615 ) Corporate obligations - - 3,905 (340 ) Mortgage-backed securities and collateralized mortgage obligations 11,452 (156 ) 101,869 (9,658 ) Asset-backed securities 2,521 (10 ) 2,202 (5 ) Total $ 26,375 $ (229 ) $ 248,461 $ (27,460 ) |
Note 3 - Loans Receivable (Tabl
Note 3 - Loans Receivable (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, 2024 2023 (In Thousands) Real estate loans: Residential 1-4 family $ 202,440 $ 200,012 Commercial real estate 920,438 909,413 Other loans: Home equity 90,418 86,932 Consumer 29,677 30,125 Commercial 254,415 258,007 Total 1,497,388 1,484,489 Allowance for credit losses (16,410 ) (16,440 ) Total loans, net $ 1,480,978 $ 1,468,049 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Residential Commercial Home 1-4 Family Real Estate Equity Consumer Commercial Total (In Thousands) Allowance for credit losses on loans: Beginning balance, December 31, 2023 $ 1,866 $ 10,691 $ 540 $ 304 $ 3,039 $ 16,440 Charge-offs - - - (1 ) - (1 ) Recoveries - 3 - 1 62 66 (Recapture) provision (8 ) (61 ) (2 ) - (24 ) (95 ) Total ending allowance balance, March 31, 2024 $ 1,858 $ 10,633 $ 538 $ 304 $ 3,077 $ 16,410 Residential Commercial Home 1-4 Family Real Estate Equity Consumer Commercial Total (In Thousands) Allowance for credit losses on loans: Beginning balance, December 31, 2022, prior to adoption of ASC 326 $ 1,472 $ 9,037 $ 509 $ 342 $ 2,640 $ 14,000 Impact of adopting ASC 326 21 534 3 1 141 700 Charge-offs - - - (1 ) - (1 ) Recoveries 6 5 - 1 10 22 Provision 81 156 1 1 40 279 Total ending allowance balance, March 31, 2023 $ 1,580 $ 9,732 $ 513 $ 344 $ 2,831 $ 15,000 |
Financing Receivable Credit Quality Indicators [Table Text Block] | March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Total Loans (In Thousands) RESIDENTIAL 1-4 FAMILY Pass $ 7,528 $ 27,785 $ 35,596 $ 22,639 $ 14,558 $ 40,845 $ 7,170 $ 156,121 Special Mention - - 928 - - 225 - 1,153 Substandard - - - - - 140 - 140 Total Residential 1-4 family 7,528 27,785 36,524 22,639 14,558 41,210 7,170 157,414 Current-period gross charge-offs - - - - - - - - RESIDENTIAL 1-4 FAMILY CONSTRUCTION Pass 3,065 17,902 20,466 2,836 - - - 44,269 Special Mention - - 757 - - - - 757 Total Residential 1-4 family construction 3,065 17,902 21,223 2,836 - - - 45,026 Current-period gross charge-offs - - - - - - - - COMMERCIAL REAL ESTATE Pass 13,286 63,808 167,606 140,229 49,523 152,229 34,552 621,233 Special Mention - 1,294 1,500 485 1,934 2,594 - 7,807 Substandard - - - - - 3,412 - 3,412 Total Commercial real estate 13,286 65,102 169,106 140,714 51,457 158,235 34,552 632,452 Current-period gross charge-offs - - - - - - - - COMMERCIAL CONSTRUCTION AND DEVELOPMENT Pass 2,793 29,547 70,757 18,155 5,772 10,387 8,248 145,659 Special Mention - 136 507 449 - 985 - 2,077 Substandard - - - - 4 - - 4 Total Commercial construction and development 2,793 29,683 71,264 18,604 5,776 11,372 8,248 147,740 Current-period gross charge-offs - - - - - - - - FARMLAND Pass 2,770 19,317 34,473 19,355 21,219 37,619 3,956 138,709 Substandard - - 232 - 65 1,240 - 1,537 Total Farmland 2,770 19,317 34,705 19,355 21,284 38,859 3,956 140,246 Current-period gross charge-offs - - - - - - - - HOME EQUITY Pass 551 1,661 3,409 370 553 2,940 80,451 89,935 Special Mention - - - - - - 290 290 Substandard - - - - - 104 89 193 Total Home Equity 551 1,661 3,409 370 553 3,044 80,830 90,418 Current-period gross charge-offs - - - - - - - - CONSUMER Pass 2,991 11,470 7,171 2,957 1,685 1,313 2,010 29,597 Special Mention - - 17 - - - - 17 Substandard - - 7 - 32 22 2 63 Total Consumer 2,991 11,470 7,195 2,957 1,717 1,335 2,012 29,677 Current-period gross charge-offs - - - - - - 1 1 COMMERCIAL Pass 7,517 32,550 22,418 21,234 19,587 8,303 23,055 134,664 Special Mention - 24 98 18 124 244 2,399 2,907 Substandard - - 9 17 - 33 10 69 Total Commercial 7,517 32,574 22,525 21,269 19,711 8,580 25,464 137,640 Current-period gross charge-offs - - - - - - - - AGRICULTURAL Pass 9,724 33,050 12,353 6,664 4,656 2,108 45,837 114,392 Special Mention - - - - - - - - Substandard - 104 168 186 55 970 900 2,383 Total Agricultural 9,724 33,154 12,521 6,850 4,711 3,078 46,737 116,775 Current-period gross charge-offs - - - - - - - - TOTAL LOANS Pass $ 50,225 $ 237,090 $ 374,249 $ 234,439 $ 117,553 $ 255,744 $ 205,279 1,474,579 Special Mention - 1,454 3,050 952 2,058 4,048 2,689 15,008 Substandard - 104 1,173 203 156 5,921 1,001 7,801 Doubtful - - - - - - - - Total $ 50,225 $ 238,648 $ 378,472 $ 235,594 $ 119,767 $ 265,713 $ 208,969 $ 1,497,388 December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Total Loans (In Thousands) RESIDENTIAL 1-4 FAMILY Pass $ 10,987 $ 15,696 $ 24,575 $ 38,738 $ 28,122 $ 30,938 $ 6,179 $ 155,235 Special Mention - - - 940 - 228 - 1,168 Substandard - - - - - 175 - 175 Total Residential 1-4 family 10,987 15,696 24,575 39,678 28,122 31,341 6,179 156,578 Current-period gross charge-offs - - - - - - - - RESIDENTIAL 1-4 FAMILY CONSTRUCTION Pass - - 6,088 21,889 14,700 - - 42,677 Substandard - - 757 - - - - 757 Total Residential 1-4 family construction - - 6,845 21,889 14,700 - - 43,434 Current-period gross charge-offs - - - - - - - - COMMERCIAL REAL ESTATE Pass 55,820 50,408 141,407 154,941 63,174 103,620 31,122 600,492 Special Mention 2,593 1,948 493 1,512 1,314 - - 7,860 Substandard - - - - - 339 - 339 Total Commercial real estate 58,413 52,356 141,900 156,453 64,488 103,959 31,122 608,691 Current-period gross charge-offs - - - - - - - - COMMERCIAL CONSTRUCTION AND DEVELOPMENT Pass 6,900 6,399 19,500 80,061 31,149 3,762 8,285 156,056 Special Mention - - 441 511 134 990 - 2,076 Total Commercial construction and development 6,900 6,399 19,941 80,572 31,283 4,752 8,285 158,132 Current-period gross charge-offs - - - - - - - - FARMLAND Pass 9,551 21,728 19,795 36,291 19,452 29,551 4,480 140,848 Substandard 483 65 - 407 - 787 - 1,742 Total Farmland 10,034 21,793 19,795 36,698 19,452 30,338 4,480 142,590 Current-period gross charge-offs - - - - - - - - HOME EQUITY Pass 621 565 376 3,630 1,736 2,398 77,409 86,735 Substandard - - - - - 107 90 197 Total Home Equity 621 565 376 3,630 1,736 2,505 77,499 86,932 Current-period gross charge-offs - - - - - - - - CONSUMER Pass 449 1,953 3,398 8,109 13,083 1,069 1,977 30,038 Special Mention - - - 18 - - - 18 Substandard - 37 - 8 - 22 2 69 Total Consumer 449 1,990 3,398 8,135 13,083 1,091 1,979 30,125 Current-period gross charge-offs 1 - 28 2 16 4 - 51 COMMERCIAL Pass 2,834 20,496 22,804 23,581 31,661 6,354 21,914 129,644 Special Mention - 25 33 109 - 98 2,741 3,006 Substandard - - 17 9 - 33 - 59 Total Commercial 2,834 20,521 22,854 23,699 31,661 6,485 24,655 132,709 Current-period gross charge-offs - - 26 - - 8 - 34 AGRICULTURAL Pass 1,473 5,818 7,241 16,856 40,176 1,517 50,461 123,542 Substandard 427 55 435 282 - 557 - 1,756 Total Agricultural 1,900 5,873 7,676 17,138 40,176 2,074 50,461 125,298 Current-period gross charge-offs - - - 1 - 93 - 94 TOTAL LOANS Pass 88,635 123,063 245,184 384,096 243,253 179,209 201,827 1,465,267 Special Mention 2,593 1,973 967 3,090 1,448 1,316 2,741 14,128 Substandard 910 157 1,209 706 - 2,020 92 5,094 Doubtful - - - - - - - - Total $ 92,138 $ 125,193 $ 247,360 $ 387,892 $ 244,701 $ 182,545 $ 204,660 $ 1,484,489 |
Financing Receivable, Past Due [Table Text Block] | March 31, 2024 Loans Past Due and Still Accruing 90 Days Nonaccrual Nonaccrual 30-89 Days and Loans with Loans with Current Total Past Due Greater Total no ACL ACL Loans Loans (In Thousands) Real estate loans: Residential 1-4 family $ 700 $ 143 $ 843 $ 284 $ - $ 156,287 $ 157,414 Residential 1-4 family construction - - - 757 - 44,269 45,026 Commercial real estate 692 1,341 2,033 340 - 630,079 632,452 Commercial construction and development 81 - 81 4 - 147,655 147,740 Farmland 38 429 467 1,603 - 138,176 140,246 Other loans: Home equity 100 - 100 178 - 90,140 90,418 Consumer 97 - 97 60 15 29,505 29,677 Commercial 198 - 198 26 - 137,416 137,640 Agricultural 1,021 66 1,087 1,895 69 113,724 116,775 Total $ 2,927 $ 1,979 $ 4,906 $ 5,147 $ 84 $ 1,487,251 $ 1,497,388 December 31, 2023 Loans Past Due and Still Accruing 90 Days Nonaccrual Nonaccrual 30-89 Days and Loans with Loans with Current Total Past Due Greater Total no ACL ACL Loans Loans (In Thousands) Real estate loans: Residential 1-4 family $ 305 $ - $ 305 $ 297 $ - $ 155,976 $ 156,578 Residential 1-4 family construction - - - 757 - 42,677 43,434 Commercial real estate 697 - 697 340 - 607,654 608,691 Commercial construction and development 194 - 194 - - 157,938 158,132 Farmland 404 26 430 1,982 1,734 138,444 142,590 Other loans: Home equity 32 - 32 182 - 86,718 86,932 Consumer 115 - 115 45 15 29,950 30,125 Commercial - - - 27 - 132,682 132,709 Agricultural 74 - 74 2,947 69 122,208 125,298 Total $ 1,821 $ 26 $ 1,847 $ 6,577 $ 1,818 $ 1,474,247 $ 1,484,489 |
Collateral-dependent Loans [Table Text Block] | March 31, 2024 Real Estate Business Assets Other (In Thousands) Real estate loans: Residential 1-4 family $ 352 $ - $ - Residential 1-4 family construction 757 - - Commercial real estate 43 1,641 - Farmland 2,070 - - Other loans: Home equity 43 - - Consumer - - 36 Commercial - 17 - Agricultural - 3,044 - Total $ 3,265 $ 4,702 $ 36 December 31, 2023 Real Estate Business Assets Other (In Thousands) Real estate loans: Residential 1-4 family $ 264 $ - $ - Residential 1-4 family construction 757 - - Commercial real estate 39 300 - Farmland 4,116 - - Other loans: Home equity 44 - - Consumer - - 36 Commercial - - - Agricultural - 2,465 - Total $ 5,220 $ 2,765 $ 36 |
Note 4 - Mortgage Servicing R_2
Note 4 - Mortgage Servicing Rights (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Activities in Mortgage Servicing Rights [Table Text Block] | As of or For the Three Months Ended March 31, 2024 2023 (In Thousands) Mortgage servicing rights: Beginning balance $ 15,853 $ 15,412 Mortgage servicing rights capitalized 252 863 Amortization of mortgage servicing rights (367 ) (400 ) Ending balance $ 15,738 $ 15,875 |
Mortgage Servicing Rights [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | March 31, December 31, 2024 2023 Key assumptions: Discount rate 12% 12% Prepayment speed range 94-545% 104 - 526% Weighted average prepayment speed 108% 119% |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | March 31, December 31, 2024 2023 (In Thousands) Noninterest checking $ 408,781 $ 418,727 Interest-bearing checking 217,654 211,101 Savings 229,248 230,711 Money market 339,796 330,274 Time certificates of deposit 440,120 444,382 Total $ 1,635,599 $ 1,635,195 |
Note 6 - Other Long-term Debt (
Note 6 - Other Long-term Debt (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Long-Term Debt Instruments [Table Text Block] | March 31, 2024 December 31, 2023 Unamortized Unamortized Debt Debt Principal Issuance Principal Issuance Amount Costs Amount Costs (In Thousands) Subordinated debentures fixed at 5.50 2030 $ 15,000 $ (210 ) $ 15,000 $ (219 ) Subordinated debentures fixed at 3.50 2032 40,000 (908 ) 40,000 (937 ) Subordinated debentures variable at 3-Month SOFR plus 1.68 2035 5,155 - 5,155 - Total other long-term debt $ 60,155 $ (1,118 ) $ 60,155 $ (1,156 ) |
Note 7 - Accumulated Other Co_2
Note 7 - Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Unrealized (Losses) Gains on Securities Available-for-Sale (In Thousands) Balance at January 1, 2024 $ (19,945 ) Other comprehensive loss, before reclassifications and income taxes (1,790 ) Amounts reclassified from accumulated other comprehensive loss, before income taxes - Income tax benefit 472 Total other comprehensive loss (1,318 ) Balance, March 31, 2024 $ (21,263 ) Balance, January 1, 2023 $ (26,357 ) Other comprehensive income, before reclassifications and income taxes 4,977 Amounts reclassified from accumulated other comprehensive loss, before income taxes 224 Income tax provision (1,369 ) Total other comprehensive income 3,832 Balance, March 31, 2023 $ (22,525 ) |
Note 8 - Earnings Per Common _2
Note 8 - Earnings Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended March 31, 2024 2023 (Dollars in Thousands, Except Per Share Data) Basic weighted average shares outstanding 7,824,928 7,790,188 Dilutive effect of stock compensation 10,376 2,279 Diluted weighted average shares outstanding 7,835,304 7,792,467 Net income available to common shareholders $ 1,898 $ 3,242 Basic earnings common per share $ 0.24 $ 0.42 Diluted earnings per common share $ 0.24 $ 0.42 Restricted stock units excluded from the diluted average outstanding share calculation because their effect would be anti-dilutive 21,698 11,625 |
Note 9 - Derivatives and Hedg_2
Note 9 - Derivatives and Hedging Activities (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | March 31, 2024 December 31, 2023 Notional Fair Value Notional Fair Value Amount Asset Liability Amount Asset Liability (In Thousands) Interest rate lock commitments $ 15,926 $ - $ 63 $ 15,670 $ 15 $ - Forward TBA mortgage-backed securities 10,000 - 19 12,000 - 75 |
Note 10 - Fair Value of Finan_2
Note 10 - Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | March 31, 2024 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Financial assets: Available-for-sale securities U.S. government and agency obligations $ - $ 6,225 $ - $ 6,225 U.S. Treasury obligations 46,177 - - 46,177 Municipal obligations - 135,338 - 135,338 Corporate obligations - 3,943 - 3,943 Mortgage-backed securities - 25,264 - 25,264 Collateralized mortgage obligations - 85,082 - 85,082 Asset-backed securities - 9,198 - 9,198 Loans held-for-sale - 9,612 - 9,612 Financial liabilities: Forward TBA mortgage-backed securities - 19 - 19 Interest rate lock commitments - - 63 63 December 31, 2023 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Financial assets: Available-for-sale securities U.S. government and agency obligations $ - $ 6,543 $ - $ 6,543 U.S. Treasury obligations 46,815 - - 46,815 Municipal obligations - 137,950 - 137,950 Corporate obligations - 3,905 - 3,905 Mortgage-backed securities - 26,753 - 26,753 Collateralized mortgage obligations - 86,568 - 86,568 Asset-backed securities - 9,745 - 9,745 Loans held-for-sale - 11,432 - 11,432 Interest rate lock commitments - - 15 15 Financial liabilities: Forward TBA mortgage-backed securities - 75 - 75 |
Fair Value Measurements, Nonrecurring [Table Text Block] | March 31, 2024 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Collateral-dependent loans individually evaluated, net of ACL $ - $ - $ 44 $ 44 December 31, 2023 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Collateral-dependent loans individually evaluated, net of ACL $ - $ - $ 1,782 $ 1,782 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | Three Months Ended March 31, 2024 2023 Interest Rate Lock Commitments (In Thousands) Beginning balance, January 1, 2024 $ 15 $ (81 ) Purchases and issuances (140 ) 37 Sales and settlements 62 174 Ending balance, March 31, 2024 $ (63 ) $ 130 Unrealized (losses) gains related to items held at end of period $ (78 ) $ 211 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31, 2024 Total Level 1 Level 2 Level 3 Estimated Carrying Inputs Inputs Inputs Fair Value Amount (In Thousands) Financial assets: Cash and cash equivalents $ 20,917 $ - $ - $ 20,917 $ 20,917 FHLB stock - 8,449 - 8,449 8,449 FRB stock - 4,131 - 4,131 4,131 Loans receivable, gross - - 1,432,102 1,432,102 1,497,388 Mortgage servicing rights - - 20,733 20,733 15,738 Financial liabilities: Non-maturing interest-bearing deposits - 786,698 - 786,698 786,698 Time certificates of deposit - - 437,346 437,346 440,120 FHLB advances and other borrowings - - 177,540 177,540 177,540 Other long-term debt - - 57,464 57,464 60,155 December 31, 2023 Total Level 1 Level 2 Level 3 Estimated Carrying Inputs Inputs Inputs Fair Value Amount (In Thousands) Financial assets: Cash and cash equivalents $ 24,545 $ - $ - $ 24,545 $ 24,545 FHLB stock - 9,191 - 9,191 9,191 FRB stock - 4,131 - 4,131 4,131 Loans receivable, gross - - 1,416,203 1,416,203 1,484,489 Mortgage servicing rights - - 20,388 20,388 15,853 Financial liabilities: Non-maturing interest-bearing deposits - 772,086 - 772,086 772,086 Time certificates of deposit - - 441,939 441,939 444,382 FHLB advances and other borrowings - - 175,842 175,842 175,737 Other long-term debt - - 58,094 58,094 60,155 |
Impaired Loans and Real Estate and Other Repossessed Assets [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Principal Significant Range of Valuation Unobservable Significant Input Instrument Technique Inputs Values Collateral-dependent loans individually evaluated Fair value of underlying collateral Discount applied to the obtained appraisal 10-30% Real estate and other repossessed assets Fair value of collateral Discount applied to the obtained appraisal 10-30% Interest rate lock commitments Internal pricing model Pull-through expectations 85-95% |
Note 1 - Organization and Sum_2
Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Assets [Abstract] | ||
Other Assets | $ 26,869,000 | $ 28,860,000 |
Investment, Proportional Amortization Method, Elected, Amount | $ 7,447,000 | $ 7,644,000 |
Investment, Proportional Amortization Method, Elected, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets |
Other Liabilities [Member] | ||
Investment Program, Proportional Amortization Method, Elected, Commitment | $ 2,660,000 | $ 2,660,000 |
Opportunity Bank of Montana [Member] | ||
Noncontrolling Interest, Ownership Percentage by Parent | 100% |
Note 2 - Investment Securitie_2
Note 2 - Investment Securities (Details Textual) | Mar. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) |
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | 290 | 286 |
Debt Securities, Available-for-Sale, Allowance for Credit Loss | $ 0 | $ 0 |
Asset Pledged as Collateral without Right [Member] | ||
Debt Securities | $ 39,898,000 | $ 23,076,000 |
Note 2 - Investment Securitie_3
Note 2 - Investment Securities - Summary of Investment Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Securities available-for-sale, amortized cost | $ 340,093 | $ 345,355 |
Securities available-for-sale, gross unrealized gains | 314 | 613 |
Securities available-for-sale, gross unrealized losses | (29,180) | (27,689) |
Securities available-for-sale, ACL | 0 | 0 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | 311,227 | 318,279 |
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 6,317 | 6,574 |
Securities available-for-sale, gross unrealized gains | 108 | 121 |
Securities available-for-sale, gross unrealized losses | (200) | (152) |
Securities available-for-sale, ACL | 0 | 0 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | 6,225 | 6,543 |
US Treasury and Government [Member] | ||
Securities available-for-sale, amortized cost | 52,526 | 52,505 |
Securities available-for-sale, gross unrealized gains | 0 | 0 |
Securities available-for-sale, gross unrealized losses | (6,349) | (5,690) |
Securities available-for-sale, ACL | 0 | 0 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | 46,177 | 46,815 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 147,931 | 149,168 |
Securities available-for-sale, gross unrealized gains | 130 | 460 |
Securities available-for-sale, gross unrealized losses | (12,723) | (11,678) |
Securities available-for-sale, ACL | 0 | 0 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | 135,338 | 137,950 |
Corporate Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 4,246 | 4,245 |
Securities available-for-sale, gross unrealized gains | 0 | 0 |
Securities available-for-sale, gross unrealized losses | (303) | (340) |
Securities available-for-sale, ACL | 0 | 0 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | 3,943 | 3,905 |
Collateralized Mortgage-Backed Securities [Member] | ||
Securities available-for-sale, amortized cost | 26,930 | 28,426 |
Securities available-for-sale, gross unrealized gains | 3 | 0 |
Securities available-for-sale, gross unrealized losses | (1,669) | (1,673) |
Securities available-for-sale, ACL | 0 | 0 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | 25,264 | 26,753 |
Collateralized Mortgage Obligations [Member] | ||
Securities available-for-sale, amortized cost | 93,016 | 94,709 |
Securities available-for-sale, gross unrealized gains | 1 | 0 |
Securities available-for-sale, gross unrealized losses | (7,935) | (8,141) |
Securities available-for-sale, ACL | 0 | 0 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | 85,082 | 86,568 |
Asset-Backed Securities [Member] | ||
Securities available-for-sale, amortized cost | 9,127 | 9,728 |
Securities available-for-sale, gross unrealized gains | 72 | 32 |
Securities available-for-sale, gross unrealized losses | (1) | (15) |
Securities available-for-sale, ACL | 0 | 0 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | $ 9,198 | $ 9,745 |
Note 2 - Investment Securitie_4
Note 2 - Investment Securities - Proceeds From Sale of Available-for-sale Securities and the Associated Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Sales | $ 0 | $ 22,773 |
Gross realized gain on sale of available-for-sale securities | 0 | 0 |
Gross realized loss on sale of available-for-sale securities | 0 | (224) |
Net realized loss on sale of available-for-sale securities | $ 0 | $ (224) |
Note 2 - Investment Securitie_5
Note 2 - Investment Securities - Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Available for sale securities, due in one year or less, amortized cost | $ 4,455 | |
Available for sale securities, due in one year or less, fair value | 4,397 | |
Available for sale securities, due from one to five years, amortized cost | 41,167 | |
Available for sale securities, due from one to five years, fair value | 37,591 | |
Available for sale securities, due from five to ten years, amortized cost | 73,237 | |
Available for sale securities, due from five to ten years, fair value | 63,399 | |
Available for sale securities, due after ten years, amortized cost | 101,288 | |
Available for sale securities, due after ten years, fair value | 95,494 | |
Total available for sale securities debt maturities, amortized cost | 220,147 | |
Total available for sale securities, debt maturities, fair value | 200,881 | |
Securities available-for-sale, amortized cost | 340,093 | $ 345,355 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | 311,227 | 318,279 |
Collateralized Mortgage-Backed Securities [Member] | ||
Available for sale securities, without single maturity, amortized cost | 26,930 | |
Available for sale securities, without single maturity, fair value | 25,264 | |
Securities available-for-sale, amortized cost | 26,930 | 28,426 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | 25,264 | 26,753 |
Collateralized Mortgage Obligations [Member] | ||
Available for sale securities, without single maturity, amortized cost | 93,016 | |
Available for sale securities, without single maturity, fair value | 85,082 | |
Securities available-for-sale, amortized cost | 93,016 | 94,709 |
Securities available-for-sale, at fair value (amortized cost of $340,093 at March 31, 2024 and $345,355 at December 31, 2023) | $ 85,082 | $ 86,568 |
Note 2 - Investment Securitie_6
Note 2 - Investment Securities - Investment Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Available for sale debt securities, continuous unrealized loss position less than 12 months, fair value | $ 18,731 | $ 26,375 |
Available for sale debt securities, continuous unrealized loss position less than 12 months, gross unrealized losses | (156) | (229) |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, fair value | 259,770 | 248,461 |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | (29,024) | (27,460) |
US Government Agencies Debt Securities [Member] | ||
Available for sale debt securities, continuous unrealized loss position less than 12 months, fair value | 0 | 402 |
Available for sale debt securities, continuous unrealized loss position less than 12 months, gross unrealized losses | 0 | 0 |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, fair value | 1,729 | 1,800 |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | (200) | (152) |
US Treasury and Government [Member] | ||
Available for sale debt securities, continuous unrealized loss position less than 12 months, fair value | 0 | 0 |
Available for sale debt securities, continuous unrealized loss position less than 12 months, gross unrealized losses | 0 | 0 |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, fair value | 46,177 | 46,816 |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | (6,349) | (5,690) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale debt securities, continuous unrealized loss position less than 12 months, fair value | 18,562 | 12,000 |
Available for sale debt securities, continuous unrealized loss position less than 12 months, gross unrealized losses | (151) | (63) |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, fair value | 99,869 | 91,869 |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | (12,572) | (11,615) |
Corporate Debt Securities [Member] | ||
Available for sale debt securities, continuous unrealized loss position less than 12 months, fair value | 0 | 0 |
Available for sale debt securities, continuous unrealized loss position less than 12 months, gross unrealized losses | 0 | 0 |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, fair value | 3,943 | 3,905 |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | (303) | (340) |
Mortgage-backed Securities and Collateralized Mortgage Obligations [Member] | ||
Available for sale debt securities, continuous unrealized loss position less than 12 months, fair value | 169 | 11,452 |
Available for sale debt securities, continuous unrealized loss position less than 12 months, gross unrealized losses | (5) | (156) |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, fair value | 105,962 | 101,869 |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | (9,599) | (9,658) |
Asset-Backed Securities [Member] | ||
Available for sale debt securities, continuous unrealized loss position less than 12 months, fair value | 0 | 2,521 |
Available for sale debt securities, continuous unrealized loss position less than 12 months, gross unrealized losses | 0 | (10) |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, fair value | 2,090 | 2,202 |
Available for sale debt securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | $ (1) | $ (5) |
Note 3 - Loans Receivable (Deta
Note 3 - Loans Receivable (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Interest Received on Past Due Loans, Applied to Principal | $ 414,000 | $ 471,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Modified, Increase (Decrease) from Modification | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Financing Receivable, Modified in Period, Amount | $ 554,000 | ||
Financing Receivable, Modified in Period, to Total Financing Receivables, Percentage | 0.10% | ||
Commercial Real Estate Portfolio Segment [Member] | Agricultural Loan [Member] | |||
Financing Receivable, Modified, Increase (Decrease) from Modification | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | United States Department of Agriculture Rural Development [Member] | |||
Financing Receivable, before Allowance for Credit Loss | $ 20,366,000 | $ 23,215,000 |
Note 3 - Loans Receivable - Sum
Note 3 - Loans Receivable - Summary of Loans Receivable (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |||
Loans receivable | $ 1,497,388 | $ 1,484,489 | |||||
Allowance for credit losses | (16,410) | [1] | (16,440) | [1] | $ (15,000) | $ (14,000) | |
Total loans, net | [2] | 1,480,978 | 1,468,049 | ||||
Residential Portfolio Segment [Member] | |||||||
Loans receivable | 202,440 | 200,012 | |||||
Allowance for credit losses | (1,858) | (1,866) | (1,580) | (1,472) | |||
Commercial Real Estate Portfolio Segment [Member] | |||||||
Loans receivable | 920,438 | 909,413 | |||||
Allowance for credit losses | (10,633) | (10,691) | (9,732) | (9,037) | |||
Home Equity Portfolio Segment [Member] | |||||||
Loans receivable | 90,418 | 86,932 | |||||
Allowance for credit losses | (538) | (540) | (513) | (509) | |||
Consumer Portfolio Segment [Member] | |||||||
Loans receivable | 29,677 | 30,125 | |||||
Allowance for credit losses | (304) | (304) | (344) | (342) | |||
Commercial Portfolio Segment [Member] | |||||||
Loans receivable | 254,415 | 258,007 | |||||
Allowance for credit losses | $ (3,077) | $ (3,039) | $ (2,831) | $ (2,640) | |||
[1]Allowance for credit losses for the year ended December 31, 2023; allowance for loan losses for the year ended December 31, 2022.[2]Allowance for credit losses at December 31, 2023; allowance for loan losses at December 31, 2022. |
Note 3 - Loans Receivable - All
Note 3 - Loans Receivable - Allowance for Loan Losses Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | ||||
Balance | $ 16,440 | [1] | $ 14,000 | $ 14,000 | ||
Charge-offs | (1) | |||||
Recoveries | 22 | |||||
(Recapture) provision for credit losses | [2] | (135) | 279 | |||
Balance | 16,410 | [1] | 15,000 | 16,440 | [1] | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 700 | 700 | ||||
Residential Portfolio Segment [Member] | ||||||
Balance | 1,866 | 1,472 | 1,472 | |||
Charge-offs | 0 | 0 | ||||
Recoveries | 0 | 6 | ||||
(Recapture) provision for credit losses | (8) | 81 | ||||
Balance | 1,858 | 1,580 | 1,866 | |||
Residential Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 21 | 21 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Balance | 10,691 | 9,037 | 9,037 | |||
Charge-offs | 0 | 0 | ||||
Recoveries | 3 | 5 | ||||
(Recapture) provision for credit losses | (61) | 156 | ||||
Balance | 10,633 | 9,732 | 10,691 | |||
Commercial Real Estate Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 534 | 534 | ||||
Home Equity Portfolio Segment [Member] | ||||||
Balance | 540 | 509 | 509 | |||
Charge-offs | 0 | 0 | 0 | |||
Recoveries | 0 | 0 | ||||
(Recapture) provision for credit losses | (2) | 1 | ||||
Balance | 538 | 513 | 540 | |||
Home Equity Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 3 | 3 | ||||
Consumer Portfolio Segment [Member] | ||||||
Balance | 304 | 342 | 342 | |||
Charge-offs | (1) | (1) | (51) | |||
Recoveries | 1 | 1 | ||||
(Recapture) provision for credit losses | 0 | 1 | ||||
Balance | 304 | 344 | 304 | |||
Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 1 | 1 | ||||
Commercial Portfolio Segment [Member] | ||||||
Balance | 3,039 | 2,640 | 2,640 | |||
Charge-offs | 0 | 0 | ||||
Recoveries | 62 | 10 | ||||
(Recapture) provision for credit losses | (24) | 40 | ||||
Balance | 3,077 | 2,831 | 3,039 | |||
Commercial Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | $ 141 | 141 | ||||
Loans Excluding Unfunded Commitments [Member] | ||||||
Balance | 16,440 | |||||
Charge-offs | (1) | |||||
Recoveries | 66 | |||||
(Recapture) provision for credit losses | (95) | |||||
Balance | $ 16,410 | $ 16,440 | ||||
[1]Allowance for credit losses for the year ended December 31, 2023; allowance for loan losses for the year ended December 31, 2022.[2]Provision for credit losses for the year ended December 31, 2023; provision for loan losses for the year ended December 31, 2022. |
Note 3 - Loans Receivable - Int
Note 3 - Loans Receivable - Internal Classification of the Loan Portfolio (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Financing Receivable, Year One | $ 50,225 | $ 92,138 | |
Financing Receivable, Year Two | 238,648 | 125,193 | |
Financing Receivable, Year Three | 378,472 | 247,360 | |
Financing Receivable, Year Four | 235,594 | 387,892 | |
Financing Receivable, Year Five | 119,767 | 244,701 | |
Financing Receivable, prior | 265,713 | 182,545 | |
Financing Receivable,revolving | 208,969 | 204,660 | |
Loans receivable | 1,497,388 | 1,484,489 | |
Current-period gross charge-offs, total | $ 1 | ||
Pass [Member] | |||
Financing Receivable, Year One | 50,225 | 88,635 | |
Financing Receivable, Year Two | 237,090 | 123,063 | |
Financing Receivable, Year Three | 374,249 | 245,184 | |
Financing Receivable, Year Four | 234,439 | 384,096 | |
Financing Receivable, Year Five | 117,553 | 243,253 | |
Financing Receivable, prior | 255,744 | 179,209 | |
Financing Receivable,revolving | 205,279 | 201,827 | |
Loans receivable | 1,474,579 | 1,465,267 | |
Special Mention [Member] | |||
Financing Receivable, Year One | 0 | ||
Financing Receivable, Year Two | 1,454 | ||
Financing Receivable, Year Three | 3,050 | ||
Financing Receivable, Year Four | 952 | ||
Financing Receivable, Year Five | 2,058 | ||
Financing Receivable, prior | 4,048 | ||
Financing Receivable,revolving | 2,689 | ||
Loans receivable | 15,008 | ||
Substandard [Member] | |||
Financing Receivable, Year One | 0 | 910 | |
Financing Receivable, Year Two | 104 | 157 | |
Financing Receivable, Year Three | 1,173 | 1,209 | |
Financing Receivable, Year Four | 203 | 706 | |
Financing Receivable, Year Five | 156 | 0 | |
Financing Receivable, prior | 5,921 | 2,020 | |
Financing Receivable,revolving | 1,001 | 92 | |
Loans receivable | 7,801 | 5,094 | |
Doubtful [Member] | |||
Financing Receivable, Year One | 0 | 0 | |
Financing Receivable, Year Two | 0 | 0 | |
Financing Receivable, Year Three | 0 | 0 | |
Financing Receivable, Year Four | 0 | 0 | |
Financing Receivable, Year Five | 0 | 0 | |
Financing Receivable, prior | 0 | 0 | |
Financing Receivable,revolving | 0 | 0 | |
Loans receivable | 0 | 0 | |
Residential Portfolio Segment [Member] | |||
Loans receivable | 202,440 | 200,012 | |
Current-period gross charge-offs, total | 0 | 0 | |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | |||
Financing Receivable, Year One | 7,528 | 10,987 | |
Financing Receivable, Year Two | 27,785 | 15,696 | |
Financing Receivable, Year Three | 36,524 | 24,575 | |
Financing Receivable, Year Four | 22,639 | 39,678 | |
Financing Receivable, Year Five | 14,558 | 28,122 | |
Financing Receivable, prior | 41,210 | 31,341 | |
Financing Receivable,revolving | 7,170 | 6,179 | |
Loans receivable | 157,414 | 156,578 | |
Current-period gross charge-offs, year one | 0 | 0 | |
Current-period gross charge-offs, year two | 0 | 0 | |
Current-period gross charge-offs, year three | 0 | 0 | |
Current-period gross charge-offs, year four | 0 | 0 | |
Current-period gross charge-offs, year five | 0 | 0 | |
Current-period gross charge-offs, prior | 0 | 0 | |
Current-period gross charge-offs, revolving | 0 | 0 | |
Current-period gross charge-offs, total | 0 | 0 | |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Pass [Member] | |||
Financing Receivable, Year One | 7,528 | 10,987 | |
Financing Receivable, Year Two | 27,785 | 15,696 | |
Financing Receivable, Year Three | 35,596 | 24,575 | |
Financing Receivable, Year Four | 22,639 | 38,738 | |
Financing Receivable, Year Five | 14,558 | 28,122 | |
Financing Receivable, prior | 40,845 | 30,938 | |
Financing Receivable,revolving | 7,170 | 6,179 | |
Loans receivable | 156,121 | 155,235 | |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Special Mention [Member] | |||
Financing Receivable, Year One | 0 | 0 | |
Financing Receivable, Year Two | 0 | 0 | |
Financing Receivable, Year Three | 928 | 0 | |
Financing Receivable, Year Four | 0 | 940 | |
Financing Receivable, Year Five | 0 | 0 | |
Financing Receivable, prior | 225 | 228 | |
Financing Receivable,revolving | 0 | 0 | |
Loans receivable | 1,153 | 1,168 | |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Substandard [Member] | |||
Financing Receivable, Year One | 0 | 0 | |
Financing Receivable, Year Two | 0 | 0 | |
Financing Receivable, Year Three | 0 | 0 | |
Financing Receivable, Year Four | 0 | 0 | |
Financing Receivable, Year Five | 0 | 0 | |
Financing Receivable, prior | 140 | 175 | |
Financing Receivable,revolving | 0 | 0 | |
Loans receivable | 140 | 175 | |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | |||
Financing Receivable, Year One | 3,065 | 0 | |
Financing Receivable, Year Two | 17,902 | 0 | |
Financing Receivable, Year Three | 21,223 | 6,845 | |
Financing Receivable, Year Four | 2,836 | 21,889 | |
Financing Receivable, Year Five | 0 | 14,700 | |
Financing Receivable, prior | 0 | 0 | |
Financing Receivable,revolving | 0 | 0 | |
Loans receivable | 45,026 | 43,434 | |
Current-period gross charge-offs, year one | 0 | 0 | |
Current-period gross charge-offs, year two | 0 | 0 | |
Current-period gross charge-offs, year three | 0 | 0 | |
Current-period gross charge-offs, year four | 0 | 0 | |
Current-period gross charge-offs, year five | 0 | 0 | |
Current-period gross charge-offs, prior | 0 | 0 | |
Current-period gross charge-offs, revolving | 0 | 0 | |
Current-period gross charge-offs, total | 0 | 0 | |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | Pass [Member] | |||
Financing Receivable, Year One | 3,065 | 0 | |
Financing Receivable, Year Two | 17,902 | 0 | |
Financing Receivable, Year Three | 20,466 | 6,088 | |
Financing Receivable, Year Four | 2,836 | 21,889 | |
Financing Receivable, Year Five | 0 | 14,700 | |
Financing Receivable, prior | 0 | 0 | |
Financing Receivable,revolving | 0 | 0 | |
Loans receivable | 44,269 | 42,677 | |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | Special Mention [Member] | |||
Financing Receivable, Year One | 0 | ||
Financing Receivable, Year Two | 0 | ||
Financing Receivable, Year Three | 757 | ||
Financing Receivable, Year Four | 0 | ||
Financing Receivable, Year Five | 0 | ||
Financing Receivable, prior | 0 | ||
Financing Receivable,revolving | 0 | ||
Loans receivable | 757 | ||
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | Substandard [Member] | |||
Financing Receivable, Year One | 0 | ||
Financing Receivable, Year Two | 0 | ||
Financing Receivable, Year Three | 757 | ||
Financing Receivable, Year Four | 0 | ||
Financing Receivable, Year Five | 0 | ||
Financing Receivable, prior | 0 | ||
Financing Receivable,revolving | 0 | ||
Loans receivable | 757 | ||
Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 920,438 | 909,413 | |
Current-period gross charge-offs, total | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Financing Receivable, Year One | 13,286 | 58,413 | |
Financing Receivable, Year Two | 65,102 | 52,356 | |
Financing Receivable, Year Three | 169,106 | 141,900 | |
Financing Receivable, Year Four | 140,714 | 156,453 | |
Financing Receivable, Year Five | 51,457 | 64,488 | |
Financing Receivable, prior | 158,235 | 103,959 | |
Financing Receivable,revolving | 34,552 | 31,122 | |
Loans receivable | 632,452 | 608,691 | |
Current-period gross charge-offs, year one | 0 | 0 | |
Current-period gross charge-offs, year two | 0 | 0 | |
Current-period gross charge-offs, year three | 0 | 0 | |
Current-period gross charge-offs, year four | 0 | 0 | |
Current-period gross charge-offs, year five | 0 | 0 | |
Current-period gross charge-offs, prior | 0 | 0 | |
Current-period gross charge-offs, revolving | 0 | 0 | |
Current-period gross charge-offs, total | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Pass [Member] | |||
Financing Receivable, Year One | 13,286 | 55,820 | |
Financing Receivable, Year Two | 63,808 | 50,408 | |
Financing Receivable, Year Three | 167,606 | 141,407 | |
Financing Receivable, Year Four | 140,229 | 154,941 | |
Financing Receivable, Year Five | 49,523 | 63,174 | |
Financing Receivable, prior | 152,229 | 103,620 | |
Financing Receivable,revolving | 34,552 | 31,122 | |
Loans receivable | 621,233 | 600,492 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Special Mention [Member] | |||
Financing Receivable, Year One | 0 | 2,593 | |
Financing Receivable, Year Two | 1,294 | 1,948 | |
Financing Receivable, Year Three | 1,500 | 493 | |
Financing Receivable, Year Four | 485 | 1,512 | |
Financing Receivable, Year Five | 1,934 | 1,314 | |
Financing Receivable, prior | 2,594 | 0 | |
Financing Receivable,revolving | 0 | 0 | |
Loans receivable | 7,807 | 7,860 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Substandard [Member] | |||
Financing Receivable, Year One | 0 | 0 | |
Financing Receivable, Year Two | 0 | 0 | |
Financing Receivable, Year Three | 0 | 0 | |
Financing Receivable, Year Four | 0 | 0 | |
Financing Receivable, Year Five | 0 | 0 | |
Financing Receivable, prior | 3,412 | 339 | |
Financing Receivable,revolving | 0 | 0 | |
Loans receivable | 3,412 | 339 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Financing Receivable, Year One | 2,793 | 6,900 | |
Financing Receivable, Year Two | 29,683 | 6,399 | |
Financing Receivable, Year Three | 71,264 | 19,941 | |
Financing Receivable, Year Four | 18,604 | 80,572 | |
Financing Receivable, Year Five | 5,776 | 31,283 | |
Financing Receivable, prior | 11,372 | 4,752 | |
Financing Receivable,revolving | 8,248 | 8,285 | |
Loans receivable | 147,740 | 158,132 | |
Current-period gross charge-offs, year one | 0 | 0 | |
Current-period gross charge-offs, year two | 0 | 0 | |
Current-period gross charge-offs, year three | 0 | 0 | |
Current-period gross charge-offs, year four | 0 | 0 | |
Current-period gross charge-offs, year five | 0 | 0 | |
Current-period gross charge-offs, prior | 0 | 0 | |
Current-period gross charge-offs, revolving | 0 | 0 | |
Current-period gross charge-offs, total | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | |||
Financing Receivable, Year One | 2,793 | 6,900 | |
Financing Receivable, Year Two | 29,547 | 6,399 | |
Financing Receivable, Year Three | 70,757 | 19,500 | |
Financing Receivable, Year Four | 18,155 | 80,061 | |
Financing Receivable, Year Five | 5,772 | 31,149 | |
Financing Receivable, prior | 10,387 | 3,762 | |
Financing Receivable,revolving | 8,248 | 8,285 | |
Loans receivable | 145,659 | 156,056 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | |||
Financing Receivable, Year One | 0 | 0 | |
Financing Receivable, Year Two | 136 | 0 | |
Financing Receivable, Year Three | 507 | 441 | |
Financing Receivable, Year Four | 449 | 511 | |
Financing Receivable, Year Five | 0 | 134 | |
Financing Receivable, prior | 985 | 990 | |
Financing Receivable,revolving | 0 | 0 | |
Loans receivable | 2,077 | 2,076 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | |||
Financing Receivable, Year One | 0 | ||
Financing Receivable, Year Two | 0 | ||
Financing Receivable, Year Three | 0 | ||
Financing Receivable, Year Four | 0 | ||
Financing Receivable, Year Five | 4 | ||
Financing Receivable, prior | 0 | ||
Financing Receivable,revolving | 0 | ||
Loans receivable | 4 | ||
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | |||
Financing Receivable, Year One | 2,770 | 10,034 | |
Financing Receivable, Year Two | 19,317 | 21,793 | |
Financing Receivable, Year Three | 34,705 | 19,795 | |
Financing Receivable, Year Four | 19,355 | 36,698 | |
Financing Receivable, Year Five | 21,284 | 19,452 | |
Financing Receivable, prior | 38,859 | 30,338 | |
Financing Receivable,revolving | 3,956 | 4,480 | |
Loans receivable | 140,246 | 142,590 | |
Current-period gross charge-offs, year one | 0 | 0 | |
Current-period gross charge-offs, year two | 0 | 0 | |
Current-period gross charge-offs, year three | 0 | 0 | |
Current-period gross charge-offs, year four | 0 | 0 | |
Current-period gross charge-offs, year five | 0 | 0 | |
Current-period gross charge-offs, prior | 0 | 0 | |
Current-period gross charge-offs, revolving | 0 | 0 | |
Current-period gross charge-offs, total | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Pass [Member] | |||
Financing Receivable, Year One | 2,770 | 9,551 | |
Financing Receivable, Year Two | 19,317 | 21,728 | |
Financing Receivable, Year Three | 34,473 | 19,795 | |
Financing Receivable, Year Four | 19,355 | 36,291 | |
Financing Receivable, Year Five | 21,219 | 19,452 | |
Financing Receivable, prior | 37,619 | 29,551 | |
Financing Receivable,revolving | 3,956 | 4,480 | |
Loans receivable | 138,709 | 140,848 | |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Special Mention [Member] | |||
Financing Receivable, Year One | 0 | ||
Financing Receivable, Year Two | 0 | ||
Financing Receivable, Year Three | 0 | ||
Financing Receivable, Year Four | 18 | ||
Financing Receivable, Year Five | 0 | ||
Financing Receivable, prior | 0 | ||
Financing Receivable,revolving | 0 | ||
Loans receivable | 18 | ||
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Substandard [Member] | |||
Financing Receivable, Year One | 0 | 483 | |
Financing Receivable, Year Two | 0 | 65 | |
Financing Receivable, Year Three | 232 | 0 | |
Financing Receivable, Year Four | 0 | 407 | |
Financing Receivable, Year Five | 65 | 0 | |
Financing Receivable, prior | 1,240 | 787 | |
Financing Receivable,revolving | 0 | 0 | |
Loans receivable | 1,537 | 1,742 | |
Home Equity Portfolio Segment [Member] | |||
Financing Receivable, Year One | 551 | 621 | |
Financing Receivable, Year Two | 1,661 | 565 | |
Financing Receivable, Year Three | 3,409 | 376 | |
Financing Receivable, Year Four | 370 | 3,630 | |
Financing Receivable, Year Five | 553 | 1,736 | |
Financing Receivable, prior | 3,044 | 2,505 | |
Financing Receivable,revolving | 80,830 | 77,499 | |
Loans receivable | 90,418 | 86,932 | |
Current-period gross charge-offs, year one | 0 | 0 | |
Current-period gross charge-offs, year two | 0 | 0 | |
Current-period gross charge-offs, year three | 0 | 0 | |
Current-period gross charge-offs, year four | 0 | 0 | |
Current-period gross charge-offs, year five | 0 | 0 | |
Current-period gross charge-offs, prior | 0 | 0 | |
Current-period gross charge-offs, revolving | 0 | 0 | |
Current-period gross charge-offs, total | 0 | 0 | 0 |
Home Equity Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable, Year One | 551 | 621 | |
Financing Receivable, Year Two | 1,661 | 565 | |
Financing Receivable, Year Three | 3,409 | 376 | |
Financing Receivable, Year Four | 370 | 3,630 | |
Financing Receivable, Year Five | 553 | 1,736 | |
Financing Receivable, prior | 2,940 | 2,398 | |
Financing Receivable,revolving | 80,451 | 77,409 | |
Loans receivable | 89,935 | 86,735 | |
Home Equity Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Year One | 0 | ||
Financing Receivable, Year Two | 0 | ||
Financing Receivable, Year Three | 0 | ||
Financing Receivable, Year Four | 0 | ||
Financing Receivable, Year Five | 0 | ||
Financing Receivable, prior | 0 | ||
Financing Receivable,revolving | 290 | ||
Loans receivable | 290 | ||
Home Equity Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivable, Year One | 0 | 0 | |
Financing Receivable, Year Two | 0 | 0 | |
Financing Receivable, Year Three | 0 | 0 | |
Financing Receivable, Year Four | 0 | 0 | |
Financing Receivable, Year Five | 0 | 0 | |
Financing Receivable, prior | 104 | 107 | |
Financing Receivable,revolving | 89 | 90 | |
Loans receivable | 193 | 197 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Year One | 2,991 | 449 | |
Financing Receivable, Year Two | 11,470 | 1,990 | |
Financing Receivable, Year Three | 7,195 | 3,398 | |
Financing Receivable, Year Four | 2,957 | 8,135 | |
Financing Receivable, Year Five | 1,717 | 13,083 | |
Financing Receivable, prior | 1,335 | 1,091 | |
Financing Receivable,revolving | 2,012 | 1,979 | |
Loans receivable | 29,677 | 30,125 | |
Current-period gross charge-offs, year one | 0 | 1 | |
Current-period gross charge-offs, year two | 0 | 0 | |
Current-period gross charge-offs, year three | 0 | 28 | |
Current-period gross charge-offs, year four | 0 | 2 | |
Current-period gross charge-offs, year five | 0 | 16 | |
Current-period gross charge-offs, prior | 0 | 4 | |
Current-period gross charge-offs, revolving | 1 | 0 | |
Current-period gross charge-offs, total | 1 | 1 | 51 |
Consumer Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable, Year One | 2,991 | 449 | |
Financing Receivable, Year Two | 11,470 | 1,953 | |
Financing Receivable, Year Three | 7,171 | 3,398 | |
Financing Receivable, Year Four | 2,957 | 8,109 | |
Financing Receivable, Year Five | 1,685 | 13,083 | |
Financing Receivable, prior | 1,313 | 1,069 | |
Financing Receivable,revolving | 2,010 | 1,977 | |
Loans receivable | 29,597 | 30,038 | |
Consumer Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Year One | 0 | 0 | |
Financing Receivable, Year Two | 0 | 25 | |
Financing Receivable, Year Three | 17 | 33 | |
Financing Receivable, Year Four | 0 | 109 | |
Financing Receivable, Year Five | 0 | 0 | |
Financing Receivable, prior | 0 | 98 | |
Financing Receivable,revolving | 0 | 2,741 | |
Loans receivable | 17 | 3,006 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivable, Year One | 0 | 0 | |
Financing Receivable, Year Two | 0 | 37 | |
Financing Receivable, Year Three | 7 | 0 | |
Financing Receivable, Year Four | 0 | 8 | |
Financing Receivable, Year Five | 32 | 0 | |
Financing Receivable, prior | 22 | 22 | |
Financing Receivable,revolving | 2 | 2 | |
Loans receivable | 63 | 69 | |
Commercial Portfolio Segment [Member] | |||
Loans receivable | 254,415 | 258,007 | |
Current-period gross charge-offs, total | 0 | $ 0 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Financing Receivable, Year One | 7,517 | 2,834 | |
Financing Receivable, Year Two | 32,574 | 20,521 | |
Financing Receivable, Year Three | 22,525 | 22,854 | |
Financing Receivable, Year Four | 21,269 | 23,699 | |
Financing Receivable, Year Five | 19,711 | 31,661 | |
Financing Receivable, prior | 8,580 | 6,485 | |
Financing Receivable,revolving | 25,464 | 24,655 | |
Loans receivable | 137,640 | 132,709 | |
Current-period gross charge-offs, year one | 0 | 0 | |
Current-period gross charge-offs, year two | 0 | 0 | |
Current-period gross charge-offs, year three | 0 | 26 | |
Current-period gross charge-offs, year four | 0 | 0 | |
Current-period gross charge-offs, year five | 0 | 0 | |
Current-period gross charge-offs, prior | 0 | 8 | |
Current-period gross charge-offs, revolving | 0 | 0 | |
Current-period gross charge-offs, total | 0 | 34 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | |||
Financing Receivable, Year One | 7,517 | 2,834 | |
Financing Receivable, Year Two | 32,550 | 20,496 | |
Financing Receivable, Year Three | 22,418 | 22,804 | |
Financing Receivable, Year Four | 21,234 | 23,581 | |
Financing Receivable, Year Five | 19,587 | 31,661 | |
Financing Receivable, prior | 8,303 | 6,354 | |
Financing Receivable,revolving | 23,055 | 21,914 | |
Loans receivable | 134,664 | 129,644 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | |||
Financing Receivable, Year One | 0 | 2,593 | |
Financing Receivable, Year Two | 24 | 1,973 | |
Financing Receivable, Year Three | 98 | 967 | |
Financing Receivable, Year Four | 18 | 3,090 | |
Financing Receivable, Year Five | 124 | 1,448 | |
Financing Receivable, prior | 244 | 1,316 | |
Financing Receivable,revolving | 2,399 | 2,741 | |
Loans receivable | 2,907 | 14,128 | |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | |||
Financing Receivable, Year One | 0 | 0 | |
Financing Receivable, Year Two | 0 | 0 | |
Financing Receivable, Year Three | 9 | 17 | |
Financing Receivable, Year Four | 17 | 9 | |
Financing Receivable, Year Five | 0 | 0 | |
Financing Receivable, prior | 33 | 33 | |
Financing Receivable,revolving | 10 | 0 | |
Loans receivable | 69 | 59 | |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | |||
Financing Receivable, Year One | 9,724 | 1,900 | |
Financing Receivable, Year Two | 33,154 | 5,873 | |
Financing Receivable, Year Three | 12,521 | 7,676 | |
Financing Receivable, Year Four | 6,850 | 17,138 | |
Financing Receivable, Year Five | 4,711 | 40,176 | |
Financing Receivable, prior | 3,078 | 2,074 | |
Financing Receivable,revolving | 46,737 | 50,461 | |
Loans receivable | 116,775 | 125,298 | |
Current-period gross charge-offs, year one | 0 | 0 | |
Current-period gross charge-offs, year two | 0 | 0 | |
Current-period gross charge-offs, year three | 0 | 0 | |
Current-period gross charge-offs, year four | 0 | 1 | |
Current-period gross charge-offs, year five | 0 | 0 | |
Current-period gross charge-offs, prior | 0 | 93 | |
Current-period gross charge-offs, revolving | 0 | 0 | |
Current-period gross charge-offs, total | 0 | 94 | |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | Pass [Member] | |||
Financing Receivable, Year One | 9,724 | 1,473 | |
Financing Receivable, Year Two | 33,050 | 5,818 | |
Financing Receivable, Year Three | 12,353 | 7,241 | |
Financing Receivable, Year Four | 6,664 | 16,856 | |
Financing Receivable, Year Five | 4,656 | 40,176 | |
Financing Receivable, prior | 2,108 | 1,517 | |
Financing Receivable,revolving | 45,837 | 50,461 | |
Loans receivable | 114,392 | 123,542 | |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | Special Mention [Member] | |||
Financing Receivable, Year One | 0 | ||
Financing Receivable, Year Two | 0 | ||
Financing Receivable, Year Three | 0 | ||
Financing Receivable, Year Four | 0 | ||
Financing Receivable, Year Five | 0 | ||
Financing Receivable, prior | 0 | ||
Financing Receivable,revolving | 0 | ||
Loans receivable | 0 | ||
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | Substandard [Member] | |||
Financing Receivable, Year One | 0 | 427 | |
Financing Receivable, Year Two | 104 | 55 | |
Financing Receivable, Year Three | 168 | 435 | |
Financing Receivable, Year Four | 186 | 282 | |
Financing Receivable, Year Five | 55 | 0 | |
Financing Receivable, prior | 970 | 557 | |
Financing Receivable,revolving | 900 | 0 | |
Loans receivable | $ 2,383 | $ 1,756 |
Note 3 - Loans Receivable - Del
Note 3 - Loans Receivable - Delinquencies Within the Loan Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Loans receivable | $ 1,497,388 | $ 1,484,489 |
Non-accrual Loans, no allowance | 5,147 | 6,577 |
Nonaccrual, with ACL | 84 | 1,818 |
Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Loans receivable | 2,927 | 1,821 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 1,979 | 26 |
Financial Asset, Past Due [Member] | ||
Loans receivable | 4,906 | 1,847 |
Financial Asset, Not Past Due [Member] | ||
Loans receivable | 1,487,251 | 1,474,247 |
Residential Portfolio Segment [Member] | ||
Loans receivable | 202,440 | 200,012 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | ||
Loans receivable | 157,414 | 156,578 |
Non-accrual Loans, no allowance | 284 | 297 |
Nonaccrual, with ACL | 0 | 0 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Loans receivable | 700 | 305 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 143 | 0 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 843 | 305 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 156,287 | 155,976 |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | ||
Loans receivable | 45,026 | 43,434 |
Non-accrual Loans, no allowance | 757 | 757 |
Nonaccrual, with ACL | 0 | 0 |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 0 | 0 |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 44,269 | 42,677 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 920,438 | 909,413 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans receivable | 632,452 | 608,691 |
Non-accrual Loans, no allowance | 340 | 340 |
Nonaccrual, with ACL | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Loans receivable | 692 | 697 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 1,341 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 2,033 | 697 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 630,079 | 607,654 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans receivable | 147,740 | 158,132 |
Non-accrual Loans, no allowance | 4 | 0 |
Nonaccrual, with ACL | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Loans receivable | 81 | 194 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 81 | 194 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 147,655 | 157,938 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Loans receivable | 140,246 | 142,590 |
Non-accrual Loans, no allowance | 1,603 | 1,982 |
Nonaccrual, with ACL | 0 | 1,734 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Loans receivable | 38 | 404 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 429 | 26 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 467 | 430 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 138,176 | 138,444 |
Home Equity Portfolio Segment [Member] | ||
Loans receivable | 90,418 | 86,932 |
Non-accrual Loans, no allowance | 178 | 182 |
Nonaccrual, with ACL | 0 | 0 |
Home Equity Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Loans receivable | 100 | 32 |
Home Equity Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Home Equity Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 100 | 32 |
Home Equity Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 90,140 | 86,718 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 29,677 | 30,125 |
Non-accrual Loans, no allowance | 60 | 45 |
Nonaccrual, with ACL | 15 | 15 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Loans receivable | 97 | 115 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 97 | 115 |
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 29,505 | 29,950 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 254,415 | 258,007 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans receivable | 137,640 | 132,709 |
Non-accrual Loans, no allowance | 26 | 27 |
Nonaccrual, with ACL | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Loans receivable | 198 | 0 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 198 | 0 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 137,416 | 132,682 |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | ||
Loans receivable | 116,775 | 125,298 |
Non-accrual Loans, no allowance | 1,895 | 2,947 |
Nonaccrual, with ACL | 69 | 69 |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Loans receivable | 1,021 | 74 |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 66 | 0 |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 1,087 | 74 |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | $ 113,724 | $ 122,208 |
Note 3 - Loans Receivable - Col
Note 3 - Loans Receivable - Collateral-dependent Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Loans receivable | $ 1,497,388 | $ 1,484,489 |
Real Estate [Member] | ||
Loans receivable | 3,265 | 5,220 |
Business Assets [Member] | ||
Loans receivable | 4,702 | 2,765 |
Other [Member] | ||
Loans receivable | 36 | 36 |
Residential Portfolio Segment [Member] | ||
Loans receivable | 202,440 | 200,012 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | ||
Loans receivable | 157,414 | 156,578 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Real Estate [Member] | ||
Loans receivable | 352 | 264 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Business Assets [Member] | ||
Loans receivable | 0 | 0 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | ||
Loans receivable | 45,026 | 43,434 |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | Real Estate [Member] | ||
Loans receivable | 757 | 757 |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | Business Assets [Member] | ||
Loans receivable | 0 | 0 |
Residential Portfolio Segment [Member] | One-to-Four Family Construction [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable | 920,438 | 909,413 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans receivable | 632,452 | 608,691 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Real Estate [Member] | ||
Loans receivable | 43 | 39 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Business Assets [Member] | ||
Loans receivable | 1,641 | 300 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Loans receivable | 140,246 | 142,590 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Real Estate [Member] | ||
Loans receivable | 2,070 | 4,116 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Business Assets [Member] | ||
Loans receivable | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Home Equity Portfolio Segment [Member] | ||
Loans receivable | 90,418 | 86,932 |
Home Equity Portfolio Segment [Member] | Real Estate [Member] | ||
Loans receivable | 43 | 44 |
Home Equity Portfolio Segment [Member] | Business Assets [Member] | ||
Loans receivable | 0 | 0 |
Home Equity Portfolio Segment [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 29,677 | 30,125 |
Consumer Portfolio Segment [Member] | Real Estate [Member] | ||
Loans receivable | 0 | 0 |
Consumer Portfolio Segment [Member] | Business Assets [Member] | ||
Loans receivable | 0 | 0 |
Consumer Portfolio Segment [Member] | Other [Member] | ||
Loans receivable | 36 | 36 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 254,415 | 258,007 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans receivable | 137,640 | 132,709 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Real Estate [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Business Assets [Member] | ||
Loans receivable | 17 | 0 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | ||
Loans receivable | 116,775 | 125,298 |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | Real Estate [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | Business Assets [Member] | ||
Loans receivable | 3,044 | 2,465 |
Commercial Portfolio Segment [Member] | Agricultural Loan [Member] | Other [Member] | ||
Loans receivable | $ 0 | $ 0 |
Note 4 - Mortgage Servicing R_3
Note 4 - Mortgage Servicing Rights (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Loans Serviced During the Period | $ 2,054,635,000 | $ 2,066,505,000 | |
Fees and Commissions, Mortgage Banking and Servicing | 1,304,000 | $ 1,266,000 | |
Escrow Deposit | 15,593,000 | 8,539,000 | |
Mortgage Servicing Rights Measured at Fair Value | $ 20,733,000 | $ 20,388,000 |
Note 4 - Mortgage Servicing R_4
Note 4 - Mortgage Servicing Rights - Schedule of Activity in Mortgage Servicing Rights (Details) - Mortgage Servicing Rights [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Beginning balance | $ 15,853 | $ 15,412 |
Mortgage servicing rights capitalized | 252 | 863 |
Amortization of mortgage servicing rights | (367) | (400) |
Ending balance | $ 15,738 | $ 15,875 |
Note 4 - Mortgage Servicing R_5
Note 4 - Mortgage Servicing Rights - Fair Value of Servicing Rights (Details) - Mortgage Servicing Rights [Member] | Mar. 31, 2024 | Dec. 31, 2023 |
Measurement Input, Discount Rate [Member] | ||
Valuation assumptions | 0.12 | 0.12 |
Measurement Input, Prepayment Rate [Member] | Minimum [Member] | ||
Valuation assumptions | 0.94 | 1.04 |
Measurement Input, Prepayment Rate [Member] | Maximum [Member] | ||
Valuation assumptions | 5.45 | 5.26 |
Measurement Input, Weighted Average Prepayment Rate [Member] | ||
Valuation assumptions | 1.08 | 1.19 |
Note 5 - Deposits - Summary of
Note 5 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Noninterest checking | $ 408,781 | $ 418,727 |
Interest-bearing checking | 217,654 | 211,101 |
Savings | 229,248 | 230,711 |
Money market | 339,796 | 330,274 |
Time certificates of deposit | 440,120 | 444,382 |
Total deposits | $ 1,635,599 | $ 1,635,195 |
Note 6 - Other Long-term Debt_2
Note 6 - Other Long-term Debt (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | ||||
Jan. 31, 2022 | Jun. 30, 2020 | Dec. 31, 2010 | Mar. 31, 2024 | Dec. 31, 2023 | Sep. 30, 2005 | |
Debt Instrument, Face Amount | $ 60,155,000 | $ 60,155,000 | ||||
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] | Secured Overnight Financing Rate (SOFR) [Member] | |||||
First Tennessee Bank, N.A. [Member] | ||||||
Temporary Equity, Liquidation Preference | $ 5,155,000 | |||||
Trust Preferred Securities, Maximum Dividend Deferring Period (Year) | 5 years | |||||
Eagle Bancorp Statutory Trust I [Member] | Subordinated Debt [Member] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.02% | |||||
Eagle Bancorp Statutory Trust I [Member] | Variable Interest Rate Subordinated Debentures Due in 2035 [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 1.68% | |||||
Eagle Bancorp Statutory Trust I [Member] | Variable Interest Rate Subordinated Debentures Due in 2035 [Member] | LIBOR [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 1.42% | |||||
Debt Instrument, Interest Rate, Effective Percentage | 6.20% | |||||
Eagle Bancorp Statutory Trust I [Member] | Variable Interest Rate Subordinated Debentures Due in 2035 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | ||||||
Debt Instrument, Interest Rate, Effective Percentage | 6.98% | |||||
3.50% Subordinated Notes Due in 2032 [Member] | ||||||
Debt Instrument, Face Amount | $ 40,000,000 | $ 40,000,000 | $ 40,000,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 3.50% | 3.50% | 3.50% | |||
Debt Instrument, Basis Spread on Variable Rate | 2.18% | |||||
5.50% Subordinated Notes Due in 2030 [Member] | ||||||
Debt Instrument, Face Amount | $ 15,000,000 | $ 15,000,000 | $ 15,000,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 5.50% | 5.50% | 5.50% | |||
Debt Instrument, Basis Spread on Variable Rate | 5.09% | |||||
Eagle Bancorp Statutory Trust I [Member] | ||||||
Subordinated Debt, Ending Balance | $ 5,155,000 |
Note 6 - Other Long-term Debt -
Note 6 - Other Long-term Debt - Summary of Other Long-term Debt (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 | Jan. 31, 2022 | Jun. 30, 2020 |
Principal amount | $ 60,155,000 | $ 60,155,000 | ||
Unamortized debt issuance costs | (1,118,000) | (1,156,000) | ||
5.50% Subordinated Notes Due in 2030 [Member] | ||||
Principal amount | 15,000,000 | 15,000,000 | $ 15,000,000 | |
Unamortized debt issuance costs | (210,000) | (219,000) | ||
3.50% Subordinated Notes Due in 2032 [Member] | ||||
Principal amount | 40,000,000 | 40,000,000 | $ 40,000,000 | |
Unamortized debt issuance costs | (908,000) | (937,000) | ||
Variable Interest Rate Subordinated Debentures Due in 2035 [Member] | ||||
Principal amount | 5,155,000 | 5,155,000 | ||
Unamortized debt issuance costs | $ 0 | $ 0 |
Note 6 - Other Long-term Debt_3
Note 6 - Other Long-term Debt - Summary of Other Long-term Debt (Details) (Parentheticals) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |
Jan. 31, 2022 | Jun. 30, 2020 | Mar. 31, 2024 | Dec. 31, 2023 | |
5.50% Subordinated Notes Due in 2030 [Member] | ||||
Debt instrument, fixed interest rate | 5.50% | 5.50% | 5.50% | |
Debt instrument, maturity year | 2030 | 2030 | ||
Debt instrument, variable interest rate | 5.09% | |||
3.50% Subordinated Notes Due in 2032 [Member] | ||||
Debt instrument, fixed interest rate | 3.50% | 3.50% | 3.50% | |
Debt instrument, maturity year | 2032 | 2032 | ||
Debt instrument, variable interest rate | 2.18% | |||
Variable Interest Rate Subordinated Debentures Due in 2035 [Member] | ||||
Debt instrument, maturity year | 2035 | 2035 | ||
Debt instrument, variable interest rate | 1.68% | 1.68% |
Note 7 - Accumulated Other Co_3
Note 7 - Accumulated Other Comprehensive Income (Loss) - Activity in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Balance | $ 169,273 | $ 158,416 |
Total other comprehensive loss | (1,318) | 3,832 |
Balance | 168,948 | 163,016 |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | ||
Balance | (19,945) | (26,357) |
Other comprehensive loss, before reclassifications and income taxes | (1,790) | 4,977 |
Amounts reclassified from accumulated other comprehensive loss, before income taxes | 0 | 224 |
Income tax benefit | 472 | (1,369) |
Total other comprehensive loss | (1,318) | 3,832 |
Balance | $ (21,263) | $ (22,525) |
Note 8 - Earnings Per Common _3
Note 8 - Earnings Per Common Share - Computations of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Basic weighted average shares outstanding (in shares) | 7,824,928 | 7,790,188 |
Dilutive effect of stock compensation (in shares) | 10,376 | 2,279 |
Diluted weighted average shares outstanding (in shares) | 7,835,304 | 7,792,467 |
Net income available to common shareholders | $ 1,898 | $ 3,242 |
BASIC EARNINGS PER COMMON SHARE (in dollars per share) | $ 0.24 | $ 0.42 |
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) | $ 0.24 | $ 0.42 |
Restricted stock units excluded from the diluted average outstanding share calculation because their effect would be anti-dilutive (in shares) | 21,698 | 11,625 |
Note 9 - Derivatives and Hedg_3
Note 9 - Derivatives and Hedging Activities (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Unrealized Gain (Loss) on Derivatives | $ (22,000) | $ (117,000) |
Note 9 - Derivatives and Hedg_4
Note 9 - Derivatives and Hedging Activities - Derivatives (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Interest Rate Lock Commitments [Member] | ||
Notional amount | $ 15,926 | $ 15,670 |
Fair value, asset | 0 | 15 |
Fair value, liability | 63 | 0 |
Interest Rate Forward Commitments [Member] | ||
Notional amount | 10,000 | 12,000 |
Fair value, asset | 0 | 0 |
Fair value, liability | $ 19 | $ 75 |
Note 10 - Fair Value of Finan_3
Note 10 - Fair Value of Financial Instruments - Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Available-for-sale securities | $ 311,227 | $ 318,279 |
US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 6,225 | 6,543 |
US Treasury and Government [Member] | ||
Available-for-sale securities | 46,177 | 46,815 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 135,338 | 137,950 |
Corporate Debt Securities [Member] | ||
Available-for-sale securities | 3,943 | 3,905 |
Collateralized Mortgage-Backed Securities [Member] | ||
Available-for-sale securities | 25,264 | 26,753 |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities | 85,082 | 86,568 |
Asset-Backed Securities [Member] | ||
Available-for-sale securities | 9,198 | 9,745 |
Fair Value, Recurring [Member] | ||
Loans held-for-sale | 9,612 | 11,432 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 6,225 | 6,543 |
Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Available-for-sale securities | 46,177 | 46,815 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 135,338 | 137,950 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities | 3,943 | 3,905 |
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | ||
Available-for-sale securities | 25,264 | 26,753 |
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities | 85,082 | 86,568 |
Fair Value, Recurring [Member] | Asset-Backed Securities [Member] | ||
Available-for-sale securities | 9,198 | 9,745 |
Fair Value, Recurring [Member] | Interest Rate Lock Commitments [Member] | ||
Interest rate lock commitments | 63 | 15 |
Fair Value, Recurring [Member] | Forward TBA Mortgage-backed Securities [Member] | ||
Derivative liabilities | 19 | 75 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Loans held-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Treasury and Government [Member] | ||
Available-for-sale securities | 46,177 | 46,815 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage-Backed Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Asset-Backed Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Lock Commitments [Member] | ||
Interest rate lock commitments | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Forward TBA Mortgage-backed Securities [Member] | ||
Derivative liabilities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Loans held-for-sale | 9,612 | 11,432 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 6,225 | 6,543 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 135,338 | 137,950 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities | 3,943 | 3,905 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage-Backed Securities [Member] | ||
Available-for-sale securities | 25,264 | 26,753 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities | 85,082 | 86,568 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Asset-Backed Securities [Member] | ||
Available-for-sale securities | 9,198 | 9,745 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Lock Commitments [Member] | ||
Interest rate lock commitments | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Forward TBA Mortgage-backed Securities [Member] | ||
Derivative liabilities | 19 | 75 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Loans held-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Treasury and Government [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage-Backed Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-Backed Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Lock Commitments [Member] | ||
Interest rate lock commitments | 63 | 15 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Forward TBA Mortgage-backed Securities [Member] | ||
Derivative liabilities | $ 0 | $ 0 |
Note 10 - Fair Value of Finan_4
Note 10 - Fair Value of Financial Instruments - Financial Assets and Financial Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | |
Impaired loans | [1] | $ 44 | $ 1,782 |
Fair Value, Inputs, Level 1 [Member] | |||
Impaired loans | [1] | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | |||
Impaired loans | [1] | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | |||
Impaired loans | [1] | $ 44 | $ 1,782 |
[1]The Company adopted ASU No. 2016-13 as of January 1, 2023, which changes the methodology for impaired loans. The comparable period presents impaired loans under previously applicable GAAP. |
Note 10 - Fair Value of Finan_5
Note 10 - Fair Value of Financial Instruments - Financial Assets and Liabilities, Valuation Techniques and Significant Unobservable Inputs (Details) | Mar. 31, 2024 |
Minimum [Member] | Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | |
Collateral-dependent loans individually evaluated | 0.10 |
Real estate and other repossessed assets, input | 0.10 |
Minimum [Member] | Valuation, Income Approach [Member] | Measurement Input, Pull-through Expectations [Member] | |
Interest rate lock commitments, input | 0.85 |
Maximum [Member] | Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | |
Collateral-dependent loans individually evaluated | 0.30 |
Real estate and other repossessed assets, input | 0.30 |
Maximum [Member] | Valuation, Income Approach [Member] | Measurement Input, Pull-through Expectations [Member] | |
Interest rate lock commitments, input | 0.95 |
Note 10 - Fair Value of Finan_6
Note 10 - Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs on Recurring Basis (Details) - Interest Rate Lock Commitments [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Balance | $ 15 | $ (81) |
Purchases and issuances | (140) | 37 |
Sales and settlements | 62 | 174 |
Balance | (63) | 130 |
Unrealized gains (losses) relating to items held at end of period | $ (78) | $ 211 |
Note 10 - Fair Value of Finan_7
Note 10 - Fair Value of Financial Instruments - Estimated Fair Value and Carrying Amounts of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | $ 20,917 | $ 24,545 |
FHLB stock | 8,449 | 9,191 |
FRB stock | 4,131 | 4,131 |
Loans receivable, gross | 1,432,102 | 1,416,203 |
Mortgage servicing rights | 20,733 | 20,388 |
Non-maturing interest-bearing deposits | 786,698 | 772,086 |
Time certificates of deposit | 437,346 | 441,939 |
FHLB advances and other borrowings | 177,540 | 175,842 |
Other long-term debt | 57,464 | 58,094 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 20,917 | 24,545 |
FHLB stock | 8,449 | 9,191 |
FRB stock | 4,131 | 4,131 |
Loans receivable, gross | 1,497,388 | 1,484,489 |
Mortgage servicing rights | 15,738 | 15,853 |
Non-maturing interest-bearing deposits | 786,698 | 772,086 |
Time certificates of deposit | 440,120 | 444,382 |
FHLB advances and other borrowings | 177,540 | 175,737 |
Other long-term debt | 60,155 | 60,155 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 20,917 | 24,545 |
FHLB stock | 0 | 0 |
FRB stock | 0 | 0 |
Loans receivable, gross | 0 | 0 |
Mortgage servicing rights | 0 | 0 |
Non-maturing interest-bearing deposits | 0 | 0 |
Time certificates of deposit | 0 | 0 |
FHLB advances and other borrowings | 0 | 0 |
Other long-term debt | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 0 | 0 |
FHLB stock | 8,449 | 9,191 |
FRB stock | 4,131 | 4,131 |
Loans receivable, gross | 0 | 0 |
Mortgage servicing rights | 0 | 0 |
Non-maturing interest-bearing deposits | 786,698 | 772,086 |
Time certificates of deposit | 0 | 0 |
FHLB advances and other borrowings | 0 | 0 |
Other long-term debt | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 0 | 0 |
FHLB stock | 0 | 0 |
FRB stock | 0 | 0 |
Loans receivable, gross | 1,432,102 | 1,416,203 |
Mortgage servicing rights | 20,733 | 20,388 |
Non-maturing interest-bearing deposits | 0 | 0 |
Time certificates of deposit | 437,346 | 441,939 |
FHLB advances and other borrowings | 177,540 | 175,842 |
Other long-term debt | $ 57,464 | $ 58,094 |