Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2020 | Oct. 30, 2020 | |
Document Information [Line Items] | ||
Entity Registrant Name | PEOPLES FINANCIAL CORP /MS/ | |
Entity Central Index Key | 0000770460 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 4,878,557 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Consolidated Statements of Cond
Consolidated Statements of Condition (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Assets | ||
Cash and due from banks | $ 110,602 | $ 29,424 |
Available for sale securities | 184,218 | 196,311 |
Held to maturity securities, fair value of $65,974 at September 30, 2020; $53,130 at December 31, 2019 | 63,206 | 52,231 |
Other investments | 2,574 | 2,643 |
Federal Home Loan Bank Stock, at cost | 2,147 | 2,129 |
Loans | 286,567 | 268,949 |
Less: Allowance for loan losses | 4,401 | 4,207 |
Loans, net | 282,166 | 264,742 |
Bank premises and equipment, net of accumulated depreciation | 15,858 | 17,421 |
Other real estate | 4,721 | 7,453 |
Accrued interest receivable | 2,777 | 1,687 |
Cash surrender value of life insurance | 19,456 | 19,381 |
Other assets | 1,229 | 1,280 |
Total assets | 688,954 | 594,702 |
Deposits: | ||
Demand, non-interest bearing | 181,890 | 122,592 |
Savings and demand, interest bearing | 325,566 | 263,153 |
Time, $100,000 or more | 40,999 | 64,492 |
Other time deposits | 23,263 | 25,906 |
Total deposits | 571,718 | 476,143 |
Borrowings from Federal Home Loan Bank | 983 | 3,526 |
Employee and director benefit plans liabilities | 18,326 | 18,361 |
Other liabilities | 3,114 | 1,549 |
Total liabilities | 594,141 | 499,579 |
Shareholders' Equity: | ||
Common stock, $1 par value, 15,000,000 shares authorized, 4,878,557 and 4,943,186 shares issued and outstanding at September 30, 2020 and December 31, 2019 | 4,879 | 4,943 |
Surplus | 65,780 | 65,780 |
Undivided profits | 17,670 | 21,855 |
Accumulated other comprehensive income, net of tax | 6,484 | 2,545 |
Total shareholders' equity | 94,813 | 95,123 |
Total liabilities and shareholders' equity | $ 688,954 | $ 594,702 |
Consolidated Statements of Co_2
Consolidated Statements of Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Held to maturity securities, fair value | $ 65,974 | $ 53,130 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 15,000,000 | 15,000,000 |
Common stock, shares issued (in shares) | 4,878,557 | 4,943,186 |
Common stock, shares outstanding (in shares) | 4,878,557 | 4,943,186 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Interest income: | ||||
Interest and fees on loans | $ 3,242 | $ 3,362 | $ 9,706 | $ 10,466 |
Interest and dividends on securities: | ||||
U.S. Treasuries | 91 | 283 | 594 | 872 |
U.S. Government agencies | 42 | 118 | 174 | 360 |
Mortgage-backed securities | 564 | 801 | 2,058 | 2,419 |
States and political subdivisions | 600 | 425 | 1,449 | 1,321 |
Collateralized mortgage obligations | 104 | 50 | 319 | 100 |
Other investments | 13 | 4 | 25 | 44 |
Interest on balances due from depository institutions | 27 | 98 | 196 | 289 |
Total interest income | 4,683 | 5,141 | 14,521 | 15,871 |
Interest expense: | ||||
Deposits | 312 | 770 | 1,287 | 2,382 |
Borrowings from Federal Home Loan Bank | 8 | 42 | 26 | 200 |
Total interest expense | 320 | 812 | 1,313 | 2,582 |
Net interest income | 4,363 | 4,329 | 13,208 | 13,289 |
Provision for allowance for loan losses | 4,551 | 59 | 5,948 | 169 |
Net interest income (loss) after provision for allowance for loan losses | (188) | 4,270 | 7,260 | 13,120 |
Non-interest income: | ||||
Gain on liquidation, sales and calls of securities | 24 | 61 | 538 | 61 |
Increase in cash surrender value of life insurance | 109 | 110 | 326 | 326 |
Other income | 125 | 142 | 915 | 405 |
Total non-interest income | 1,594 | 1,723 | 5,613 | 4,788 |
Non-interest expense: | ||||
Salaries and employee benefits | 2,538 | 2,758 | 7,723 | 8,269 |
Net occupancy | 479 | 530 | 1,388 | 1,546 |
Equipment rentals, depreciation and maintenance | 829 | 790 | 2,363 | 2,462 |
FDIC and state banking assessments | 102 | 104 | 278 | 294 |
Data processing | 300 | 343 | 936 | 1,000 |
ATM expense | 215 | 181 | 613 | 511 |
Other real estate expense | 523 | 148 | 889 | 638 |
Loss from other investments | 18 | 6 | 69 | 118 |
Other expense | 664 | 657 | 2,030 | 2,517 |
Total non-interest expense | 5,668 | 5,517 | 16,289 | 17,355 |
Income (loss) before income taxes | (4,262) | 476 | (3,416) | 553 |
Income tax | ||||
Net income (loss) | $ (4,262) | $ 476 | $ (3,416) | $ 553 |
Basic and diluted earnings (loss) per share (in dollars per share) | $ (0.87) | $ 0.09 | $ (0.70) | $ 0.11 |
Dividends declared per share (in dollars per share) | $ 0.02 | $ 0.01 | ||
Trust Department Income and Fees [Member] | ||||
Non-interest income: | ||||
Revenue from contract with customer | $ 461 | $ 439 | $ 1,237 | $ 1,225 |
Service Charges on Deposit Accounts [Member] | ||||
Non-interest income: | ||||
Revenue from contract with customer | $ 875 | $ 971 | $ 2,597 | $ 2,771 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Net income (loss) | $ (4,262) | $ 476 | $ (3,416) | $ 553 |
Other comprehensive income: | ||||
Net unrealized gain (loss) on available for sale securities | (37) | 1,043 | 4,477 | 6,951 |
Reclassification adjustment for realized gain on available for sale securities called or sold | (24) | (61) | (538) | (61) |
Total other comprehensive income (loss) | (61) | 982 | 3,939 | 6,890 |
Total comprehensive income (loss) | $ (4,323) | $ 1,458 | $ 523 | $ 7,443 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Equity (Unaudited Except For Year-Beginning Amounts) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2018 | 4,943,186 | ||||
Balance at Dec. 31, 2018 | $ 4,943 | $ 65,780 | $ 20,324 | $ (4,113) | $ 86,934 |
Net income (loss) | 405 | 405 | |||
Other comprehensive income (loss) | 3,346 | 3,346 | |||
Balance (in shares) at Mar. 31, 2019 | 4,943,186 | ||||
Balance at Mar. 31, 2019 | $ 4,943 | 65,780 | 20,729 | (767) | 90,685 |
Balance (in shares) at Dec. 31, 2018 | 4,943,186 | ||||
Balance at Dec. 31, 2018 | $ 4,943 | 65,780 | 20,324 | (4,113) | 86,934 |
Net income (loss) | 553 | ||||
Other comprehensive income (loss) | 6,890 | ||||
Balance (in shares) at Sep. 30, 2019 | 4,943,186 | ||||
Balance at Sep. 30, 2019 | $ 4,943 | 65,780 | 20,827 | 2,777 | 94,327 |
Balance (in shares) at Mar. 31, 2019 | 4,943,186 | ||||
Balance at Mar. 31, 2019 | $ 4,943 | 65,780 | 20,729 | (767) | 90,685 |
Net income (loss) | (328) | (328) | |||
Other comprehensive income (loss) | 2,562 | 2,562 | |||
Dividends | (50) | (50) | |||
Balance (in shares) at Jun. 30, 2019 | 4,943,186 | ||||
Balance at Jun. 30, 2019 | $ 4,943 | 65,780 | 20,351 | 1,795 | 92,869 |
Net income (loss) | 476 | 476 | |||
Other comprehensive income (loss) | 982 | 982 | |||
Balance (in shares) at Sep. 30, 2019 | 4,943,186 | ||||
Balance at Sep. 30, 2019 | $ 4,943 | 65,780 | 20,827 | 2,777 | 94,327 |
Balance (in shares) at Dec. 31, 2019 | 4,943,186 | ||||
Balance at Dec. 31, 2019 | $ 4,943 | 65,780 | 21,855 | 2,545 | 95,123 |
Net income (loss) | 1,123 | 1,123 | |||
Other comprehensive income (loss) | 3,877 | 3,877 | |||
Stock repurchase | $ (50) | (530) | (580) | ||
Balance (in shares) at Mar. 31, 2020 | 4,893,061 | ||||
Balance at Mar. 31, 2020 | $ 4,893 | 65,780 | 22,448 | 6,422 | 99,543 |
Balance (in shares) at Dec. 31, 2019 | 4,943,186 | ||||
Balance at Dec. 31, 2019 | $ 4,943 | 65,780 | 21,855 | 2,545 | 95,123 |
Net income (loss) | (3,416) | ||||
Other comprehensive income (loss) | 3,939 | ||||
Balance (in shares) at Sep. 30, 2020 | 4,878,557 | ||||
Balance at Sep. 30, 2020 | $ 4,879 | 65,780 | 17,670 | 6,484 | 94,813 |
Balance (in shares) at Mar. 31, 2020 | 4,893,061 | ||||
Balance at Mar. 31, 2020 | $ 4,893 | 65,780 | 22,448 | 6,422 | 99,543 |
Net income (loss) | (277) | (277) | |||
Other comprehensive income (loss) | 123 | 123 | |||
Dividends | (98) | (98) | |||
Stock repurchase | $ (9) | (85) | (94) | ||
Stock repurchase (in shares) | (9,400) | ||||
Balance (in shares) at Jun. 30, 2020 | 4,883,661 | ||||
Balance at Jun. 30, 2020 | $ 4,884 | 65,780 | 21,988 | 6,545 | 99,197 |
Net income (loss) | (4,262) | (4,262) | |||
Other comprehensive income (loss) | (61) | (61) | |||
Stock repurchase | $ (5) | (56) | (61) | ||
Stock repurchase (in shares) | (5,104) | ||||
Balance (in shares) at Sep. 30, 2020 | 4,878,557 | ||||
Balance at Sep. 30, 2020 | $ 4,879 | $ 65,780 | $ 17,670 | $ 6,484 | $ 94,813 |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Shareholders' Equity (Unaudited Except For Year-Beginning Amounts) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2020 | Jun. 30, 2020 | Sep. 30, 2019 | Jun. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Cash dividend, per share (in dollars per share) | $ 0.02 | $ 0.01 | $ 0.02 | $ 0.01 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Cash flows from operating activities: | ||
Net income (loss) | $ (3,416) | $ 553 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation | 1,469 | 1,426 |
Provision for allowance for loan losses | 5,948 | 169 |
Writedown of other real estate | 555 | 442 |
Gain on sales of other real estate | 123 | (387) |
Loss from other investments | 69 | 118 |
Amortization of held to maturity securities | 198 | 200 |
Amortization (accretion) of available for sale securities | (65) | 136 |
Gain on sales and calls of securities | (538) | (61) |
Gain on sale of banking house | (318) | |
Change in accrued interest receivable | (1,090) | (271) |
Increase in cash surrender value of life insurance | (326) | (326) |
Gain from death benefits from life insurance | (224) | |
Change in other assets | 51 | (307) |
Change in employee and director benefit plan liabilities and other liabilities | 1,530 | 471 |
Net cash provided by operating activities | 3,966 | 2,163 |
Cash flows from investing activities: | ||
Proceeds from maturities, sales and calls of available for sale securities | 171,795 | 42,626 |
Proceeds from maturities of held to maturity securities | 7,390 | 1,740 |
Purchases of available for sale securities | (155,160) | (33,631) |
Purchases of held to maturity securities | (18,563) | (2,604) |
Purchases of Federal Home Loan Bank stock | (18) | (34) |
Proceeds from sales of other real estate | 1,977 | 2,940 |
Proceeds from insurance on other real estate | 77 | |
Loans, net change | (23,372) | 5,747 |
Acquisition of bank premises and equipment | (135) | (367) |
Proceeds from sale of banking house | 547 | |
Proceeds from death benefits from life insurance | 548 | |
Investment in cash surrender value of life insurance | (73) | (81) |
Net cash provided by (used in) investing activities | (14,987) | 16,336 |
Cash flows from financing activities: | ||
Demand and savings deposits, net change | 121,711 | 24,287 |
Time deposits, net change | (26,136) | 3,653 |
Borrowings from Federal Home Loan Bank | 59,500 | 739,157 |
Repayments to Federal Home Loan Bank | (62,043) | (774,258) |
Cash dividends paid | (98) | (50) |
Stock repurchase | (735) | |
Net cash provided by (used in) financing activities | 92,199 | (7,211) |
Net increase in cash and cash equivalents | 81,178 | 11,288 |
Cash and cash equivalents, beginning of period | 29,424 | 17,191 |
Cash and cash equivalents, end of period | $ 110,602 | $ 28,479 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | 1. Peoples Financial Corporation (the “Company”) is a one two fifty three The accompanying unaudited consolidated financial statements and notes thereto contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly, in accordance with accounting principles generally accepted in the United States of America (“GAAP”), the financial position of the Company and its subsidiaries as of September 30, 2020 2019 10 The results of operations for the quarter or nine September 30, 2020, not Use of Estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not Summary of Significant Accounting Policies - The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no 10 December 31, 2019. Accounting Standards Update – In January 2020, 2020 01 2020 01” Investments – Equity Securities (Topic 321 323 815 2020 01 December 15, 2020. not In February 2020, 2020 02 2020 02” Financial Instruments – Credit Losses (Topic 326 843 – Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 No. 2016 02, 842 . No. 119 2020 02 not In March 2020, 2020 03 2020 03” Codification Improvements to Financial Instruments. 2020 03 December 15, 2019 December 15, 2022. not |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 2. Per share data is based on the weighted average shares of common stock outstanding of 4,898,051 4,943,186 nine September 30, 2020 2019, 4,882,940 4,943,186 September 30, 2020 2019, |
Note 3 - Statements of Cash Flo
Note 3 - Statements of Cash Flows | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 3. The Company has defined cash and cash equivalents as cash and due from banks. The Company paid $1,331,012 $2,565,020 nine September 30, 2020 2019, No nine September 30, 2020 2019. $1,658,274 nine September 30, 2019. No nine September 30, 2020. |
Note 4 - Investments
Note 4 - Investments | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 4. September 30, 2020 December 31, 2019, Gross Gross Unrealized Unrealized September 30, 2020 Amortized Cost Gains Losses Fair Value Available for sale securities: U.S. Treasuries $ 19,999 $ 177 $ $ 20,176 U.S. Government agencies 2,500 118 2,618 Mortgage-backed securities 79,739 3,643 (38 ) 83,344 Collateralized mortgage obligations 40,897 1,085 (24 ) 41,958 States and political subdivisions 35,514 608 36,122 Total available for sale securities $ 178,649 $ 5,631 $ (62 ) $ 184,218 Held to maturity securities: States and political subdivisions $ 63,206 $ 2,784 $ (16 ) $ 65,974 Total held to maturity securities $ 63,206 $ 2,784 $ (16 ) $ 65,974 Gross Gross Unrealized Unrealized December 31, 2019 Amortized Cost Gains Losses Fair Value Available for sale securities: U.S. Treasuries $ 55,922 $ 6 $ (275 ) $ 55,653 U.S. Government agencies 12,493 93 (16 ) 12,570 Mortgage-backed securities 104,414 1,832 (93 ) 106,153 Collateralized mortgage obligations 15,440 251 (203 ) 15,488 States and political subdivisions 6,412 35 6,447 Total available for sale securities $ 194,681 $ 2,217 $ (587 ) $ 196,311 Held to maturity securities: U.S. Government agencies $ 5,000 $ $ (20 ) $ 4,980 States and political subdivisions 47,231 985 (66 ) 48,150 Total held to maturity securities $ 52,231 $ 985 $ (86 ) $ 53,130 The amortized cost and fair value of debt securities at September 30, 2020 ( may Amortized Cost Fair Value Available for sale securities: Due in one year or less $ 20,744 $ 20,921 Due after one year through five years 1,559 1,571 Due after five years through ten years 29,604 30,792 Due after ten years 47,003 47,590 Mortgage-backed securities 79,739 83,344 Totals $ 178,649 $ 184,218 Held to maturity securities: Due in one year or less $ 2,304 $ 2,315 Due after one year through five years 18,275 18,923 Due after five years through ten years 21,999 23,267 Due after ten years 20,628 21,469 Totals $ 63,206 $ 65,974 Available for sale and held to maturity securities with gross unrealized losses at September 30, 2020 December 31, 2019, Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Unrealized Unrealized September 30, 2020: Fair Value Losses Fair Value Losses Fair Value Losses Mortgage-backed securities $ 6,347 $ 22 $ 1,636 $ 16 $ 7,983 $ 38 Collateralized mortgage obligations 4,721 24 4,721 24 States and political subdivisions 2,661 16 2,661 16 TOTAL $ 13,729 $ 62 $ 1,636 $ 16 $ 15,365 $ 78 December 31, 2019: U.S. Treasuries $ 4,894 $ 44 $ 49,753 $ 231 $ 54,647 $ 275 U.S. Government agencies 4,978 16 4,979 20 9,957 36 Mortgage-backed securities 10,941 93 10,941 93 Collateralized mortgage obligations 10,398 203 10,398 203 States and political subdivisions 4,602 61 608 5 5,210 66 TOTAL $ 35,813 $ 417 $ 55,340 $ 256 $ 91,153 $ 673 At September 30, 2020, 3 46 1 9 12 143 Management evaluates securities for other-than-temporary impairment on a monthly basis. In performing this evaluation, the length of time and the extent to which the fair value has been less than cost, the fact that the Company's securities are primarily issued by U.S. Treasury and U.S. Government Agencies and the cause of the decline in value are considered. In addition, the Company does not not not not Proceeds from sales and calls of available for sale securities were $28,457,360 $5,051,884 nine September 30, 2020 2019, $538,907 $61,103 nine September 30, 2020 2019, Securities with a fair value of $229,424,753 $230,065,621 September 30, 2020 December 31, 2019, |
Note 5 - Loans
Note 5 - Loans | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 5. The composition of the loan portfolio at September 30, 2020 December 31, 2019, September 30, 2020 December 31, 2019 Gaming $ 19,860 $ 19,899 Hotel/motel 45,735 47,294 Real estate, construction 25,611 23,209 Real estate, mortgage 144,839 141,406 Commercial and industrial 45,360 30,626 Other 5,162 6,515 Total $ 286,567 $ 268,949 The age analysis of the loan portfolio, segregated by class of loans, as of September 30, 2020 December 31, 2019, Loans Past Due Greater Number of Days Past Due Than 90 Greater Total Total Days & 30 59 60 89 Than 90 Past Due Current Loans Still Accruing September 30, 2020: Gaming $ $ $ $ $ 19,860 $ 19,860 $ Hotel/motel 45,735 45,735 Real estate, construction 222 349 571 25,040 25,611 Real estate, mortgage 1,320 683 818 2,821 142,018 144,839 Commercial and industrial 416 22 438 44,922 45,360 Other 24 24 5,138 5,162 Total $ 1,982 $ 705 $ 1,167 $ 3,854 $ 282,713 $ 286,567 $ December 31, 2019: Gaming $ $ $ $ $ 19,899 $ 19,899 $ Hotel/motel 47,294 47,294 Real estate, construction 303 69 14 386 22,823 23,209 Real estate, mortgage 4,150 343 5,580 10,073 131,333 141,406 Commercial and industrial 92 58 218 368 30,258 30,626 Other 50 12 62 6,453 6,515 Total $ 4,595 $ 482 $ 5,812 $ 10,889 $ 258,060 $ 268,949 $ The Company monitors the credit quality of its loan portfolio through the use of a loan grading system. A score of 1 5 no 60 89 90 not may An analysis of the loan portfolio by loan grade, segregated by class of loans, as of September 30, 2020 December 31, 2019, Loans With A Grade Of: A, B or C S D E F Total September 30, 2020: Gaming $ 17,033 $ $ 2,827 $ $ $ 19,860 Hotel/motel 45,735 45,735 Real estate, construction 25,084 66 461 25,611 Real estate, mortgage 129,134 8,044 3,963 3,698 144,839 Commercial and industrial 39,600 5,685 22 53 45,360 Other 5,146 15 1 5,162 Total $ 261,732 $ 13,729 $ 6,893 $ 4,213 $ $ 286,567 December 31, 2019: Gaming $ 19,899 $ $ $ $ $ 19,899 Hotel/motel 47,294 47,294 Real estate, construction 22,611 83 515 23,209 Real estate, mortgage 123,841 5,338 3,608 8,619 141,406 Commercial and industrial 21,609 8,627 59 331 30,626 Other 6,501 12 2 6,515 Total $ 241,755 $ 13,965 $ 3,762 9,467 $ $ 268,949 A loan may not September 30, 2020 December 31, 2019, September 30, 2020 December 31, 2019 Real estate, construction $ 349 $ 515 Real estate, mortgage 3,579 8,495 Commercial and industrial 27 256 Total $ 3,955 $ 9,266 During 2020, 249 $95,010,325 90 3 6 19. not September 30, 2020, 178 $66,777,568 September 30, 2020, 53 $26,777,711. not September 30, 2020, $9,533,881. September 30, 2020, 14 $15,690,301. Prior to 2019, 2019 2020, not $50,000 $63,000 September 30, 2020 December 31, 2019, no September 30, 2020 December 31, 2019. Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of September 30, 2020 December 31, 2019, Unpaid Recorded Related Average Interest September 30, 2020: With no related allowance recorded: Real estate, construction $ 136 $ 136 $ $ 136 $ Real estate, mortgage 4,305 4,305 4,401 15 Total 4,441 4,441 4,537 15 With a related allowance recorded: Real estate, construction 213 213 20 214 Real estate, mortgage 258 258 78 250 19 Commercial and industrial 27 27 4 33 Total 498 498 102 497 19 Total by class of loans: Real estate, construction 349 349 20 350 Real estate, mortgage 4,563 4,563 78 4,651 34 Commercial and industrial 27 27 4 33 Total $ 4,939 $ 4,939 $ 102 $ 5,034 $ 34 Unpaid Recorded Related Average Interest December 31, 2019: With no related allowance recorded: Real estate, construction $ 292 $ 292 $ $ 312 $ Real estate, mortgage 8,906 8,906 9,075 29 Commercial and industrial 217 217 217 Total 9,415 9,415 9,604 29 With a related allowance recorded: Real estate, construction 223 223 20 230 Real estate, mortgage 624 624 98 614 27 Commercial and industrial 39 39 4 41 Total 886 886 122 885 27 Total by class of loans: Real estate, construction 515 515 20 542 Real estate, mortgage 9,530 9,530 98 9,689 56 Commercial and industrial 256 256 4 258 Total $ 10,301 $ 10,301 $ 122 $ 10,489 $ 56 |
Note 6 - Allowance for Loan Los
Note 6 - Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | 6. Transactions in the allowance for loan losses for the quarters and nine September 30, 2020 2019, September 30, 2020 2019, Gaming Hotel/Motel Real Estate, Real Estate, Commercial Other Total For the Nine Months Ended September 30, 2020: Allowance for Loan Losses: Beginning balance $ 223 $ 779 $ 102 $ 2,454 $ 553 $ 96 $ 4,207 Charge-offs (17 ) (5,472 ) (261 ) (188 ) (5,938 ) Recoveries 24 28 132 184 Provision (34 ) (38 ) (15 ) 5,845 120 70 5,948 Ending Balance $ 189 $ 741 $ 94 $ 2,827 $ 440 $ 110 $ 4,401 For the Quarter Ended September 30, 2020: Allowance for Loan Losses: Beginning Balance $ 208 $ 739 $ 83 $ 3,748 $ 448 $ 103 $ 5,329 Charge-offs (17 ) (5,464 ) (13 ) (48 ) (5,542 ) Recoveries 24 5 34 63 Provision (19 ) 2 4 4,543 21 4,551 Ending Balance $ 189 $ 741 $ 94 $ 2,827 $ 440 $ 110 $ 4,401 Allowance for Loan Losses, September 30, 2020: Ending balance: individually evaluated for impairment $ $ $ 20 $ 249 $ 15 $ 5 $ 289 Ending balance: collectively evaluated for impairment $ 189 $ 741 $ 74 $ 2,578 $ 425 $ 105 $ 4,112 Total Loans, September 30, 2020: Ending balance: individually evaluated for impairment $ 2,827 $ $ 527 $ 7,661 $ 75 $ 16 $ 11,106 Ending balance: collectively evaluated for impairment $ 17,033 $ 45,735 $ 25,084 $ 137,178 $ 45,285 $ 5,146 $ 275,461 Gaming Hotel/Motel Real Estate, Real Estate, Commercial Other Total For the Nine Months Ended September 30, 2019: Allowance for Loan Losses: Beginning balance $ 416 $ 1,443 $ 429 $ 2,443 $ 476 $ 133 $ 5,340 Charge-offs (403 ) (46 ) (591 ) (208 ) (1,248 ) Recoveries 6 2 24 90 122 Provision (200 ) 127 33 (392 ) 524 77 169 Ending Balance $ 216 $ 1,570 $ 65 $ 2,007 $ 433 $ 92 $ 4,383 For the Quarter Ended September 30, 2019: Allowance for Loan Losses: Beginning Balance $ 289 $ 1,666 $ 221 $ 2,224 $ 440 $ 106 $ 4,946 Charge-offs (591 ) (69 ) (660 ) Recoveries 4 3 31 38 Provision (73 ) (96 ) (160 ) (217 ) 581 24 59 Ending Balance $ 216 $ 1,570 $ 65 $ 2,007 $ 433 $ 92 $ 4,383 Allowance for Loan Losses, September 30, 2019: Ending balance: individually evaluated for impairment $ $ $ 20 $ 187 $ 67 $ 7 $ 281 Ending balance: collectively evaluated for impairment $ 216 $ 1,570 $ 45 $ 1,820 $ 366 $ 85 $ 4,102 Total Loans, September 30, 2019: Ending balance: individually evaluated for impairment $ $ $ 763 $ 14,002 $ 458 $ 18 $ 15,241 Ending balance: collectively evaluated for impairment $ 18,262 $ 47,587 $ 23,270 $ 128,818 $ 25,226 $ 6,411 $ 249,574 |
Note 7 - Deposits
Note 7 - Deposits | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | 7. Time deposits of $250,000 $22,791,000 $46,618,000 September 30, 2020 December 31, 2019, |
Note 8 - Shareholders' Equity
Note 8 - Shareholders' Equity | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 8. On April 22, 2020 $.02 May 8, 2020 May 4, 2020 |
Note 9 - Fair Value Measurement
Note 9 - Fair Value Measurements and Disclosures | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 9. The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Available for sale securities are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may not Fair Value Hierarchy The Company groups assets and liabilities at fair value in three Level 1 Level 2 not Level 3 one not Following is a description of valuation methodologies used to determine the fair value of financial assets and liabilities. Cash and Due from Banks The carrying amount shown as cash and due from banks approximates fair value. Available for Sale Securities The fair value of available for sale securities is based on quoted market prices. The Company's available for sale securities are reported at their estimated fair value, which is determined utilizing several sources. The primary source is Interactive Data Corporation, which utilizes pricing models that vary based on asset class and include available trade, bid and other market information and whose methodology includes broker quotes, proprietary models and vast descriptive databases. Another source for determining fair value is matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities' relationship to other benchmark securities. The Company's available for sale securities for which fair value is determined through the use of such pricing models and matrix pricing are classified as Level 2 3 Held to Maturity Securities The fair value of held to maturity securities is based on quoted market prices. Other Investments The carrying amount shown as other investments approximates fair value. Federal Home Loan Bank Stock The carrying amount shown as Federal Home Loan Bank Stock approximates fair value. Loans The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings for the remaining maturities. The cash flows considered in computing the fair value of such loans are segmented into categories relating to the nature of the contract and collateral based on contractual principal maturities. Appropriate adjustments are made to reflect probable credit losses. Cash flows have not third 3 Other R eal E state In the course of lending operations, Management may third one $200,000, 3 Cash Surrender Value of Life Insurance The carrying amount of cash surrender value of bank-owned life insurance approximates fair value. Deposits The fair value of non-interest bearing demand and interest bearing savings and demand deposits is the amount reported in the financial statements. The fair value of time deposits is estimated by discounting the cash flows using current rates of time deposits with similar remaining maturities. The cash flows considered in computing the fair value of such deposits are based on contractual maturities, since approximately 98% Borrowings from Federal Home Loan Bank The fair value of Federal Home Loan Bank (“FHLB”) fixed rate borrowings is estimated using discounted cash flows based on current incremental borrowing rates for similar types of borrowing arrangements. The fair value of FHLB variable rate borrowings is estimated to be its carrying value. The balances of available for sale securities, which are the only assets measured at fair value on a recurring basis, by level within the fair value hierarchy and by investment type, as of September 30, 2020 December 31, 2019 Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2020: U.S. Treasuries $ 20,176 $ $ 20,176 $ U.S. Government agencies 2,618 2,618 Mortgage-backed securities 83,344 83,344 Collateralized mortgage obligations 41,958 41,958 States and political subdivisions 36,122 36,122 Total $ 184,218 $ $ 184,218 $ December 31, 2019: U.S. Treasuries $ 55,653 $ $ 55,653 $ U.S. Government agencies 12,570 12,570 Mortgage-backed securities 106,153 106,153 Collateralized mortgage obligations 15,488 15,488 States and political subdivisions 6,447 6,447 Total $ 196,311 $ $ 196,311 $ Impaired loans, which are measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of September 30, 2020 December 31, 2019 Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2020 $ 397 $ $ $ 397 December 31, 2019 764 764 Other real estate, which is measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of September 30, 2020 December 31, 2019 Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2020 $ 4,721 $ $ $ 4,721 December 31, 2019 7,453 7,453 The following table presents a summary of changes in the fair value of other real estate which is measured using level 3 For the Nine For the Year Months Ended Ended September 30, 2020 December 31, 2019 Balance, beginning of period $ 7,453 $ 8,943 Loans transferred to ORE 1,707 Sales (2,177 ) (2,755 ) Writedowns (555 ) (442 ) Balance, end of period $ 4,721 $ 7,453 The carrying value and estimated fair value of financial instruments, by level within the fair value hierarchy, at September 30, 2020 December 31, 2019, Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total September 30, 2020: Financial Assets: Cash and due from banks $ 110,602 $ 110,602 $ $ $ 110,602 Available for sale securities 184,218 184,218 184,218 Held to maturity securities 63,206 65,974 65,974 Other investments 2,574 2,574 2,574 Federal Home Loan Bank stock 2,147 2,147 2,147 Loans, net 286,567 285,267 285,267 Other real estate 4,721 4,721 4,721 Cash surrender value of life insurance 19,456 19,456 19,456 Financial Liabilities: Deposits: Non-interest bearing 181,890 181,890 181,890 Interest bearing 389,828 390,373 390,373 Borrowings from Federal Home Loan Bank 983 1,423 1,423 Carrying Fair value Measuremeents Using Amount Level 1 Level 2 Level 3 Total December 31, 2019: Financial Assets: Cash and due from banks $ 29,424 $ 29,424 $ $ $ 29,424 Available for sale securities 196,311 196,311 196,311 Held to maturity securities 52,231 53,130 53,130 Other investments 2,643 2,643 2,643 Federal Home Loan Bank stock 2,129 2,129 2,129 Loans, net 264,742 261,710 261,710 Other real estate 7,453 7,453 7,453 Cash surrender value of life insurance 19,381 19,381 19,381 Financial Liabilities: Deposits: Non-interest bearing 122,592 122,592 122,592 Interest bearing 353,551 354,141 354,141 Borrowings from Federal Home Loan Bank 3,526 3,730 3,730 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not |
New Accounting Pronouncements, Policy [Policy Text Block] | Summary of Significant Accounting Policies - The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no 10 December 31, 2019. Accounting Standards Update – In January 2020, 2020 01 2020 01” Investments – Equity Securities (Topic 321 323 815 2020 01 December 15, 2020. not In February 2020, 2020 02 2020 02” Financial Instruments – Credit Losses (Topic 326 843 – Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 No. 2016 02, 842 . No. 119 2020 02 not In March 2020, 2020 03 2020 03” Codification Improvements to Financial Instruments. 2020 03 December 15, 2019 December 15, 2022. not |
Note 4 - Investments (Tables)
Note 4 - Investments (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | Gross Gross Unrealized Unrealized September 30, 2020 Amortized Cost Gains Losses Fair Value Available for sale securities: U.S. Treasuries $ 19,999 $ 177 $ $ 20,176 U.S. Government agencies 2,500 118 2,618 Mortgage-backed securities 79,739 3,643 (38 ) 83,344 Collateralized mortgage obligations 40,897 1,085 (24 ) 41,958 States and political subdivisions 35,514 608 36,122 Total available for sale securities $ 178,649 $ 5,631 $ (62 ) $ 184,218 Held to maturity securities: States and political subdivisions $ 63,206 $ 2,784 $ (16 ) $ 65,974 Total held to maturity securities $ 63,206 $ 2,784 $ (16 ) $ 65,974 Gross Gross Unrealized Unrealized December 31, 2019 Amortized Cost Gains Losses Fair Value Available for sale securities: U.S. Treasuries $ 55,922 $ 6 $ (275 ) $ 55,653 U.S. Government agencies 12,493 93 (16 ) 12,570 Mortgage-backed securities 104,414 1,832 (93 ) 106,153 Collateralized mortgage obligations 15,440 251 (203 ) 15,488 States and political subdivisions 6,412 35 6,447 Total available for sale securities $ 194,681 $ 2,217 $ (587 ) $ 196,311 Held to maturity securities: U.S. Government agencies $ 5,000 $ $ (20 ) $ 4,980 States and political subdivisions 47,231 985 (66 ) 48,150 Total held to maturity securities $ 52,231 $ 985 $ (86 ) $ 53,130 |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | Amortized Cost Fair Value Available for sale securities: Due in one year or less $ 20,744 $ 20,921 Due after one year through five years 1,559 1,571 Due after five years through ten years 29,604 30,792 Due after ten years 47,003 47,590 Mortgage-backed securities 79,739 83,344 Totals $ 178,649 $ 184,218 Held to maturity securities: Due in one year or less $ 2,304 $ 2,315 Due after one year through five years 18,275 18,923 Due after five years through ten years 21,999 23,267 Due after ten years 20,628 21,469 Totals $ 63,206 $ 65,974 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Unrealized Unrealized September 30, 2020: Fair Value Losses Fair Value Losses Fair Value Losses Mortgage-backed securities $ 6,347 $ 22 $ 1,636 $ 16 $ 7,983 $ 38 Collateralized mortgage obligations 4,721 24 4,721 24 States and political subdivisions 2,661 16 2,661 16 TOTAL $ 13,729 $ 62 $ 1,636 $ 16 $ 15,365 $ 78 December 31, 2019: U.S. Treasuries $ 4,894 $ 44 $ 49,753 $ 231 $ 54,647 $ 275 U.S. Government agencies 4,978 16 4,979 20 9,957 36 Mortgage-backed securities 10,941 93 10,941 93 Collateralized mortgage obligations 10,398 203 10,398 203 States and political subdivisions 4,602 61 608 5 5,210 66 TOTAL $ 35,813 $ 417 $ 55,340 $ 256 $ 91,153 $ 673 |
Note 5 - Loans (Tables)
Note 5 - Loans (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, 2020 December 31, 2019 Gaming $ 19,860 $ 19,899 Hotel/motel 45,735 47,294 Real estate, construction 25,611 23,209 Real estate, mortgage 144,839 141,406 Commercial and industrial 45,360 30,626 Other 5,162 6,515 Total $ 286,567 $ 268,949 |
Financing Receivable, Past Due [Table Text Block] | Loans Past Due Greater Number of Days Past Due Than 90 Greater Total Total Days & 30 59 60 89 Than 90 Past Due Current Loans Still Accruing September 30, 2020: Gaming $ $ $ $ $ 19,860 $ 19,860 $ Hotel/motel 45,735 45,735 Real estate, construction 222 349 571 25,040 25,611 Real estate, mortgage 1,320 683 818 2,821 142,018 144,839 Commercial and industrial 416 22 438 44,922 45,360 Other 24 24 5,138 5,162 Total $ 1,982 $ 705 $ 1,167 $ 3,854 $ 282,713 $ 286,567 $ December 31, 2019: Gaming $ $ $ $ $ 19,899 $ 19,899 $ Hotel/motel 47,294 47,294 Real estate, construction 303 69 14 386 22,823 23,209 Real estate, mortgage 4,150 343 5,580 10,073 131,333 141,406 Commercial and industrial 92 58 218 368 30,258 30,626 Other 50 12 62 6,453 6,515 Total $ 4,595 $ 482 $ 5,812 $ 10,889 $ 258,060 $ 268,949 $ |
Financing Receivable Credit Quality Indicators [Table Text Block] | Loans With A Grade Of: A, B or C S D E F Total September 30, 2020: Gaming $ 17,033 $ $ 2,827 $ $ $ 19,860 Hotel/motel 45,735 45,735 Real estate, construction 25,084 66 461 25,611 Real estate, mortgage 129,134 8,044 3,963 3,698 144,839 Commercial and industrial 39,600 5,685 22 53 45,360 Other 5,146 15 1 5,162 Total $ 261,732 $ 13,729 $ 6,893 $ 4,213 $ $ 286,567 December 31, 2019: Gaming $ 19,899 $ $ $ $ $ 19,899 Hotel/motel 47,294 47,294 Real estate, construction 22,611 83 515 23,209 Real estate, mortgage 123,841 5,338 3,608 8,619 141,406 Commercial and industrial 21,609 8,627 59 331 30,626 Other 6,501 12 2 6,515 Total $ 241,755 $ 13,965 $ 3,762 9,467 $ $ 268,949 |
Financing Receivable, Nonaccrual [Table Text Block] | September 30, 2020 December 31, 2019 Real estate, construction $ 349 $ 515 Real estate, mortgage 3,579 8,495 Commercial and industrial 27 256 Total $ 3,955 $ 9,266 |
Impaired Financing Receivables [Table Text Block] | Unpaid Recorded Related Average Interest September 30, 2020: With no related allowance recorded: Real estate, construction $ 136 $ 136 $ $ 136 $ Real estate, mortgage 4,305 4,305 4,401 15 Total 4,441 4,441 4,537 15 With a related allowance recorded: Real estate, construction 213 213 20 214 Real estate, mortgage 258 258 78 250 19 Commercial and industrial 27 27 4 33 Total 498 498 102 497 19 Total by class of loans: Real estate, construction 349 349 20 350 Real estate, mortgage 4,563 4,563 78 4,651 34 Commercial and industrial 27 27 4 33 Total $ 4,939 $ 4,939 $ 102 $ 5,034 $ 34 Unpaid Recorded Related Average Interest December 31, 2019: With no related allowance recorded: Real estate, construction $ 292 $ 292 $ $ 312 $ Real estate, mortgage 8,906 8,906 9,075 29 Commercial and industrial 217 217 217 Total 9,415 9,415 9,604 29 With a related allowance recorded: Real estate, construction 223 223 20 230 Real estate, mortgage 624 624 98 614 27 Commercial and industrial 39 39 4 41 Total 886 886 122 885 27 Total by class of loans: Real estate, construction 515 515 20 542 Real estate, mortgage 9,530 9,530 98 9,689 56 Commercial and industrial 256 256 4 258 Total $ 10,301 $ 10,301 $ 122 $ 10,489 $ 56 |
Note 6 - Allowance for Loan L_2
Note 6 - Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Gaming Hotel/Motel Real Estate, Real Estate, Commercial Other Total For the Nine Months Ended September 30, 2020: Allowance for Loan Losses: Beginning balance $ 223 $ 779 $ 102 $ 2,454 $ 553 $ 96 $ 4,207 Charge-offs (17 ) (5,472 ) (261 ) (188 ) (5,938 ) Recoveries 24 28 132 184 Provision (34 ) (38 ) (15 ) 5,845 120 70 5,948 Ending Balance $ 189 $ 741 $ 94 $ 2,827 $ 440 $ 110 $ 4,401 For the Quarter Ended September 30, 2020: Allowance for Loan Losses: Beginning Balance $ 208 $ 739 $ 83 $ 3,748 $ 448 $ 103 $ 5,329 Charge-offs (17 ) (5,464 ) (13 ) (48 ) (5,542 ) Recoveries 24 5 34 63 Provision (19 ) 2 4 4,543 21 4,551 Ending Balance $ 189 $ 741 $ 94 $ 2,827 $ 440 $ 110 $ 4,401 Allowance for Loan Losses, September 30, 2020: Ending balance: individually evaluated for impairment $ $ $ 20 $ 249 $ 15 $ 5 $ 289 Ending balance: collectively evaluated for impairment $ 189 $ 741 $ 74 $ 2,578 $ 425 $ 105 $ 4,112 Total Loans, September 30, 2020: Ending balance: individually evaluated for impairment $ 2,827 $ $ 527 $ 7,661 $ 75 $ 16 $ 11,106 Ending balance: collectively evaluated for impairment $ 17,033 $ 45,735 $ 25,084 $ 137,178 $ 45,285 $ 5,146 $ 275,461 Gaming Hotel/Motel Real Estate, Real Estate, Commercial Other Total For the Nine Months Ended September 30, 2019: Allowance for Loan Losses: Beginning balance $ 416 $ 1,443 $ 429 $ 2,443 $ 476 $ 133 $ 5,340 Charge-offs (403 ) (46 ) (591 ) (208 ) (1,248 ) Recoveries 6 2 24 90 122 Provision (200 ) 127 33 (392 ) 524 77 169 Ending Balance $ 216 $ 1,570 $ 65 $ 2,007 $ 433 $ 92 $ 4,383 For the Quarter Ended September 30, 2019: Allowance for Loan Losses: Beginning Balance $ 289 $ 1,666 $ 221 $ 2,224 $ 440 $ 106 $ 4,946 Charge-offs (591 ) (69 ) (660 ) Recoveries 4 3 31 38 Provision (73 ) (96 ) (160 ) (217 ) 581 24 59 Ending Balance $ 216 $ 1,570 $ 65 $ 2,007 $ 433 $ 92 $ 4,383 Allowance for Loan Losses, September 30, 2019: Ending balance: individually evaluated for impairment $ $ $ 20 $ 187 $ 67 $ 7 $ 281 Ending balance: collectively evaluated for impairment $ 216 $ 1,570 $ 45 $ 1,820 $ 366 $ 85 $ 4,102 Total Loans, September 30, 2019: Ending balance: individually evaluated for impairment $ $ $ 763 $ 14,002 $ 458 $ 18 $ 15,241 Ending balance: collectively evaluated for impairment $ 18,262 $ 47,587 $ 23,270 $ 128,818 $ 25,226 $ 6,411 $ 249,574 |
Note 9 - Fair Value Measureme_2
Note 9 - Fair Value Measurements and Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2020: U.S. Treasuries $ 20,176 $ $ 20,176 $ U.S. Government agencies 2,618 2,618 Mortgage-backed securities 83,344 83,344 Collateralized mortgage obligations 41,958 41,958 States and political subdivisions 36,122 36,122 Total $ 184,218 $ $ 184,218 $ December 31, 2019: U.S. Treasuries $ 55,653 $ $ 55,653 $ U.S. Government agencies 12,570 12,570 Mortgage-backed securities 106,153 106,153 Collateralized mortgage obligations 15,488 15,488 States and political subdivisions 6,447 6,447 Total $ 196,311 $ $ 196,311 $ |
Schedule of Change in Other Real Estate [Table Text Block] | For the Nine For the Year Months Ended Ended September 30, 2020 December 31, 2019 Balance, beginning of period $ 7,453 $ 8,943 Loans transferred to ORE 1,707 Sales (2,177 ) (2,755 ) Writedowns (555 ) (442 ) Balance, end of period $ 4,721 $ 7,453 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total September 30, 2020: Financial Assets: Cash and due from banks $ 110,602 $ 110,602 $ $ $ 110,602 Available for sale securities 184,218 184,218 184,218 Held to maturity securities 63,206 65,974 65,974 Other investments 2,574 2,574 2,574 Federal Home Loan Bank stock 2,147 2,147 2,147 Loans, net 286,567 285,267 285,267 Other real estate 4,721 4,721 4,721 Cash surrender value of life insurance 19,456 19,456 19,456 Financial Liabilities: Deposits: Non-interest bearing 181,890 181,890 181,890 Interest bearing 389,828 390,373 390,373 Borrowings from Federal Home Loan Bank 983 1,423 1,423 Carrying Fair value Measuremeents Using Amount Level 1 Level 2 Level 3 Total December 31, 2019: Financial Assets: Cash and due from banks $ 29,424 $ 29,424 $ $ $ 29,424 Available for sale securities 196,311 196,311 196,311 Held to maturity securities 52,231 53,130 53,130 Other investments 2,643 2,643 2,643 Federal Home Loan Bank stock 2,129 2,129 2,129 Loans, net 264,742 261,710 261,710 Other real estate 7,453 7,453 7,453 Cash surrender value of life insurance 19,381 19,381 19,381 Financial Liabilities: Deposits: Non-interest bearing 122,592 122,592 122,592 Interest bearing 353,551 354,141 354,141 Borrowings from Federal Home Loan Bank 3,526 3,730 3,730 |
Other Real Estate [Member] | |
Notes Tables | |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2020 $ 4,721 $ $ $ 4,721 December 31, 2019 7,453 7,453 |
Impaired Loans Receivable [Member] | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2020 $ 397 $ $ $ 397 December 31, 2019 764 764 |
Note 2 - Earnings Per Share (De
Note 2 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Weighted Average Number of Shares Outstanding, Basic and Diluted (in shares) | 4,882,940 | 4,943,186 | 4,898,051 | 4,943,186 |
Note 3 - Statements of Cash F_2
Note 3 - Statements of Cash Flows (Details Textual) - USD ($) | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Interest Paid, Excluding Capitalized Interest, Operating Activities | $ 1,331,012 | $ 2,565,020 |
Income Taxes Paid, Net, Total | 0 | 0 |
Real Estate Owned, Transfer to Real Estate Owned | $ 0 | $ 1,658,274 |
Note 4 - Investments (Details T
Note 4 - Investments (Details Textual) | 9 Months Ended | ||
Sep. 30, 2020USD ($) | Sep. 30, 2019USD ($) | Dec. 31, 2019USD ($) | |
Proceeds from Sale of Debt Securities, Available-for-sale | $ 28,457,360 | $ 5,051,884 | |
Debt and Equity Securities, Realized Gain (Loss), Total | 538,907 | $ 61,103 | |
Security Owned and Pledged as Collateral, Fair Value, Total | $ 229,424,753 | $ 230,065,621 | |
Collateralized Mortgage Backed Securities [Member] | |||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 3 | ||
Securities, Qualitative Disclosure, Number of Positions | 46 | ||
Collateralized Mortgage Obligations [Member] | |||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | ||
Securities, Qualitative Disclosure, Number of Positions | 9 | ||
US States and Political Subdivisions Debt Securities [Member] | |||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 12 | ||
Securities, Qualitative Disclosure, Number of Positions | 143 |
Note 4 - Investments - Amortize
Note 4 - Investments - Amortized Cost and Fair Value Of Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Available for sale securities, amortized cost | $ 178,649 | $ 194,681 |
Available for sale securities, gross unrealized gains | 5,631 | 2,217 |
Available for sale securities, gross unrealized losses | (62) | (587) |
Available for sale securities | 184,218 | 196,311 |
Held to maturity securities | 63,206 | 52,231 |
Held to maturity securities, gross unrealized gains | 2,784 | 985 |
Held to maturity securities, gross unrealized losses | (16) | (86) |
Held to maturity securities | 65,974 | 53,130 |
US Treasury Securities [Member] | ||
Available for sale securities, amortized cost | 19,999 | 55,922 |
Available for sale securities, gross unrealized gains | 177 | 6 |
Available for sale securities, gross unrealized losses | (275) | |
Available for sale securities | 20,176 | 55,653 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities, amortized cost | 2,500 | 12,493 |
Available for sale securities, gross unrealized gains | 118 | 93 |
Available for sale securities, gross unrealized losses | (16) | |
Available for sale securities | 2,618 | 12,570 |
Held to maturity securities | 5,000 | |
Held to maturity securities, gross unrealized gains | ||
Held to maturity securities, gross unrealized losses | (20) | |
Held to maturity securities | 4,980 | |
Collateralized Mortgage Backed Securities [Member] | ||
Available for sale securities, amortized cost | 79,739 | 104,414 |
Available for sale securities, gross unrealized gains | 3,643 | 1,832 |
Available for sale securities, gross unrealized losses | (38) | (93) |
Available for sale securities | 83,344 | 106,153 |
Collateralized Mortgage Obligations [Member] | ||
Available for sale securities, amortized cost | 40,897 | 15,440 |
Available for sale securities, gross unrealized gains | 1,085 | 251 |
Available for sale securities, gross unrealized losses | (24) | (203) |
Available for sale securities | 41,958 | 15,488 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 35,514 | 6,412 |
Available for sale securities, gross unrealized gains | 608 | 35 |
Available for sale securities, gross unrealized losses | ||
Available for sale securities | 36,122 | 6,447 |
Held to maturity securities | 63,206 | 47,231 |
Held to maturity securities, gross unrealized gains | 2,784 | 985 |
Held to maturity securities, gross unrealized losses | (16) | (66) |
Held to maturity securities | $ 65,974 | $ 48,150 |
Note 4 - Investments - Amorti_2
Note 4 - Investments - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Available for sale securities, due in one year or less, amortized cost | $ 20,744 | |
Available for sale securities, due in one year or less, fair value | 20,921 | |
Available for sale securities, due after one year through five years, amortized cost | 1,559 | |
Available for sale securities, due after one year through five years, fair value | 1,571 | |
Available for sale securities, due after five years through ten years, amortized cost | 29,604 | |
Available for sale securities, due after five years through ten years, fair value | 30,792 | |
Available for sale securities, due after ten years, amortized cost | 47,003 | |
Available for sale securities, due after ten years, fair value | 47,590 | |
Available for sale securities, mortgage backed securities, amortized cost | 79,739 | |
Available for sale securities, mortgage backed securities, fair value | 83,344 | |
Available for sale securities, amortized cost | 178,649 | $ 194,681 |
Available for sale securities, fair value | 184,218 | 196,311 |
Held to maturity securities, due in one year or less, amortized cost | 2,304 | |
Held to maturity securities, due in one year or less, fair value | 2,315 | |
Held to maturity securities, due after one years through five years, amortized cost | 18,275 | |
Held to maturity securities, due after one year through five years, fair value | 18,923 | |
Held to maturity securities, due after five years through ten years, amortized cost | 21,999 | |
Held to maturity securities, due after five years through ten years, fair value | 23,267 | |
Held to maturity securities, due after ten years, amortized cost | 20,628 | |
Held to maturity securities, due after ten years, fair value | 21,469 | |
Held to maturity securities, amortized cost | 63,206 | 52,231 |
Held to maturity securities, fair value | $ 65,974 | $ 53,130 |
Note 4 - Investments - Availabl
Note 4 - Investments - Available for Sale and Held to Maturity Securities with Gross Unrealized Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Less Than Twelve Months, Fair Value | $ 13,729 | $ 35,813 |
Less Than Twelve Months, Gross Unrealized Losses | 62 | 417 |
Over Twelve Months, Fair Value | 1,636 | 55,340 |
Over Twelve Months, Gross Unrealized Losses | 16 | 256 |
Total, Fair Value | 15,365 | 91,153 |
Total, Gross Unrealized Losses | 78 | 673 |
Collateralized Mortgage Backed Securities [Member] | ||
Less Than Twelve Months, Fair Value | 6,347 | 10,941 |
Less Than Twelve Months, Gross Unrealized Losses | 22 | 93 |
Over Twelve Months, Fair Value | 1,636 | |
Over Twelve Months, Gross Unrealized Losses | 16 | |
Total, Fair Value | 7,983 | 10,941 |
Total, Gross Unrealized Losses | 38 | 93 |
Collateralized Mortgage Obligations [Member] | ||
Less Than Twelve Months, Fair Value | 4,721 | 10,398 |
Less Than Twelve Months, Gross Unrealized Losses | 24 | 203 |
Over Twelve Months, Fair Value | ||
Over Twelve Months, Gross Unrealized Losses | ||
Total, Fair Value | 4,721 | 10,398 |
Total, Gross Unrealized Losses | 24 | 203 |
US States and Political Subdivisions Debt Securities [Member] | ||
Less Than Twelve Months, Fair Value | 2,661 | 4,602 |
Less Than Twelve Months, Gross Unrealized Losses | 16 | 61 |
Over Twelve Months, Fair Value | 608 | |
Over Twelve Months, Gross Unrealized Losses | 5 | |
Total, Fair Value | 2,661 | 5,210 |
Total, Gross Unrealized Losses | $ 16 | 66 |
US Treasury Securities [Member] | ||
Less Than Twelve Months, Fair Value | 4,894 | |
Less Than Twelve Months, Gross Unrealized Losses | 44 | |
Over Twelve Months, Fair Value | 49,753 | |
Over Twelve Months, Gross Unrealized Losses | 231 | |
Total, Fair Value | 54,647 | |
Total, Gross Unrealized Losses | 275 | |
US Government Agencies Debt Securities [Member] | ||
Less Than Twelve Months, Fair Value | 4,978 | |
Less Than Twelve Months, Gross Unrealized Losses | 16 | |
Over Twelve Months, Fair Value | 4,979 | |
Over Twelve Months, Gross Unrealized Losses | 20 | |
Total, Fair Value | 9,957 | |
Total, Gross Unrealized Losses | $ 36 |
Note 5 - Loans (Details Textual
Note 5 - Loans (Details Textual) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020USD ($) | Dec. 31, 2019USD ($) | |
Financing Receivable, Number of Payment Deferrals | 249 | |
Financing Receivable, Deferred Payments | $ 95,010,325 | |
Financing Receivable with Expired Extension Period Number Of Loans | 178 | |
Financing Receivable with Expired Extension Period Outstanding Balance | $ 66,777,568 | |
Financing Receivable, Number of Payment Deferrals Under Modifed Term | 53 | |
Financing Receivable, Deferred Payments under Modified Terms | $ 26,777,711 | |
Financing Receivable, Deferred Payments, Modification Not Expired | $ 9,533,881 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 |
Allocated Specific Reserves To Modified TDRs | $ 50,000 | $ 63,000 |
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | $ 0 |
Hotel/Motel [Member] | ||
Financing Receivable, Number of Payment Deferrals | 14 | |
Financing Receivable, Deferred Payments | $ 15,690,301 |
Note 5 - Loans - Composition of
Note 5 - Loans - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Loans and leases receivable | $ 286,567 | $ 268,949 |
Gaming [Member] | ||
Loans and leases receivable | 19,860 | 19,899 |
Hotel/Motel [Member] | ||
Loans and leases receivable | 45,735 | 47,294 |
Real Estate, Construction [Member] | ||
Loans and leases receivable | 25,611 | 23,209 |
Real Estate, Mortgage [Member] | ||
Loans and leases receivable | 144,839 | 141,406 |
Commercial And Industrial Loan [Member] | ||
Loans and leases receivable | 45,360 | 30,626 |
Other Loan [Member] | ||
Loans and leases receivable | $ 5,162 | $ 6,515 |
Note 5 - Loans - Age Analysis o
Note 5 - Loans - Age Analysis of the Loan Portfolio, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Past due | $ 3,854 | $ 10,889 |
Current | 282,713 | 258,060 |
Loans | 286,567 | 268,949 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 1,982 | 4,595 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 705 | 482 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 1,167 | 5,812 |
Gaming [Member] | ||
Past due | ||
Current | 19,860 | 19,899 |
Loans | 19,860 | 19,899 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Gaming [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | ||
Gaming [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Gaming [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Hotel/Motel [Member] | ||
Past due | ||
Current | 45,735 | 47,294 |
Loans | 45,735 | 47,294 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Hotel/Motel [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | ||
Hotel/Motel [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | ||
Hotel/Motel [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | ||
Real Estate, Construction [Member] | ||
Past due | 571 | 386 |
Current | 25,040 | 22,823 |
Loans | 25,611 | 23,209 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Real Estate, Construction [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 222 | 303 |
Real Estate, Construction [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 69 | |
Real Estate, Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 349 | 14 |
Real Estate, Mortgage [Member] | ||
Past due | 2,821 | 10,073 |
Current | 142,018 | 131,333 |
Loans | 144,839 | 141,406 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Real Estate, Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 1,320 | 4,150 |
Real Estate, Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 683 | 343 |
Real Estate, Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 818 | 5,580 |
Commercial And Industrial Loan [Member] | ||
Past due | 438 | 368 |
Current | 44,922 | 30,258 |
Loans | 45,360 | 30,626 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Commercial And Industrial Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 416 | 92 |
Commercial And Industrial Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 22 | 58 |
Commercial And Industrial Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 218 | |
Other Loan [Member] | ||
Past due | 24 | 62 |
Current | 5,138 | 6,453 |
Loans | 5,162 | 6,515 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Other Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 24 | 50 |
Other Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 12 | |
Other Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due |
Note 5 - Loans - Analysis of Lo
Note 5 - Loans - Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Loans and leases receivable | $ 286,567 | $ 268,949 |
A, B, or C [Member] | ||
Loans and leases receivable | 261,732 | 241,755 |
S [Member] | ||
Loans and leases receivable | 13,729 | 13,965 |
D [Member] | ||
Loans and leases receivable | 6,893 | 3,762 |
E [Member] | ||
Loans and leases receivable | 4,213 | 9,467 |
F [Member] | ||
Loans and leases receivable | 286,567 | 268,949 |
Gaming [Member] | ||
Loans and leases receivable | 19,860 | 19,899 |
Gaming [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 17,033 | 19,899 |
Gaming [Member] | S [Member] | ||
Loans and leases receivable | ||
Gaming [Member] | D [Member] | ||
Loans and leases receivable | 2,827 | |
Gaming [Member] | E [Member] | ||
Loans and leases receivable | ||
Gaming [Member] | F [Member] | ||
Loans and leases receivable | 19,860 | 19,899 |
Hotel/Motel [Member] | ||
Loans and leases receivable | 45,735 | 47,294 |
Hotel/Motel [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 45,735 | 47,294 |
Hotel/Motel [Member] | S [Member] | ||
Loans and leases receivable | ||
Hotel/Motel [Member] | D [Member] | ||
Loans and leases receivable | ||
Hotel/Motel [Member] | E [Member] | ||
Loans and leases receivable | ||
Hotel/Motel [Member] | F [Member] | ||
Loans and leases receivable | 45,735 | 47,294 |
Real Estate, Construction [Member] | ||
Loans and leases receivable | 25,611 | 23,209 |
Real Estate, Construction [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 25,084 | 22,611 |
Real Estate, Construction [Member] | S [Member] | ||
Loans and leases receivable | ||
Real Estate, Construction [Member] | D [Member] | ||
Loans and leases receivable | 66 | 83 |
Real Estate, Construction [Member] | E [Member] | ||
Loans and leases receivable | 461 | 515 |
Real Estate, Construction [Member] | F [Member] | ||
Loans and leases receivable | 25,611 | 23,209 |
Real Estate, Mortgage [Member] | ||
Loans and leases receivable | 144,839 | 141,406 |
Real Estate, Mortgage [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 129,134 | 123,841 |
Real Estate, Mortgage [Member] | S [Member] | ||
Loans and leases receivable | 8,044 | 5,338 |
Real Estate, Mortgage [Member] | D [Member] | ||
Loans and leases receivable | 3,963 | 3,608 |
Real Estate, Mortgage [Member] | E [Member] | ||
Loans and leases receivable | 3,698 | 8,619 |
Real Estate, Mortgage [Member] | F [Member] | ||
Loans and leases receivable | 144,839 | 141,406 |
Commercial And Industrial Loan [Member] | ||
Loans and leases receivable | 45,360 | 30,626 |
Commercial And Industrial Loan [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 39,600 | 21,609 |
Commercial And Industrial Loan [Member] | S [Member] | ||
Loans and leases receivable | 5,685 | 8,627 |
Commercial And Industrial Loan [Member] | D [Member] | ||
Loans and leases receivable | 22 | 59 |
Commercial And Industrial Loan [Member] | E [Member] | ||
Loans and leases receivable | 53 | 331 |
Commercial And Industrial Loan [Member] | F [Member] | ||
Loans and leases receivable | 45,360 | 30,626 |
Other Loan [Member] | ||
Loans and leases receivable | 5,162 | 6,515 |
Other Loan [Member] | A, B, or C [Member] | ||
Loans and leases receivable | 5,146 | 6,501 |
Other Loan [Member] | S [Member] | ||
Loans and leases receivable | ||
Other Loan [Member] | D [Member] | ||
Loans and leases receivable | 15 | 12 |
Other Loan [Member] | E [Member] | ||
Loans and leases receivable | 1 | 2 |
Other Loan [Member] | F [Member] | ||
Loans and leases receivable | $ 5,162 | $ 6,515 |
Note 5 - Loans - Total Loans on
Note 5 - Loans - Total Loans on Nonaccrual (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Total loans on nonaccrual | $ 3,955 | $ 9,266 |
Real Estate, Construction [Member] | ||
Total loans on nonaccrual | 349 | 515 |
Real Estate, Mortgage [Member] | ||
Total loans on nonaccrual | 3,579 | 8,495 |
Commercial And Industrial Loan [Member] | ||
Total loans on nonaccrual | $ 27 | $ 256 |
Note 5 - Loans - Impaired Loans
Note 5 - Loans - Impaired Loans, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
With no related allowance recorded, Unpaid Principal Balance | $ 4,441 | $ 9,415 |
With no related allowance recorded, Recorded Investment | 4,441 | 9,415 |
With no related allowance recorded, Average Recorded Investment | 4,537 | 9,604 |
With no related allowance recorded, Interest Income Recognized | 15 | 29 |
With a related allowance recorded, Unpaid Principal Balance | 498 | 886 |
With a related allowance recorded, Recorded Investment | 498 | 886 |
Related Allowance | 102 | 122 |
With a related allowance recorded, Average Recorded Investment | 497 | 885 |
With a related allowance recorded, Interest Income Recognized | 19 | 27 |
Total by class of loans, Unpaid Principal Balance | 4,939 | 10,301 |
Total by class of loans, Recorded Investment | 4,939 | 10,301 |
Total by class of loans, Average Recorded Investment | 5,034 | 10,489 |
Total by class of loans, Interest Income Recognized | 34 | 56 |
Related Allowance | 102 | 122 |
Real Estate, Construction [Member] | ||
With no related allowance recorded, Unpaid Principal Balance | 136 | 292 |
With no related allowance recorded, Recorded Investment | 136 | 292 |
With no related allowance recorded, Average Recorded Investment | 136 | 312 |
With no related allowance recorded, Interest Income Recognized | ||
With a related allowance recorded, Unpaid Principal Balance | 213 | 223 |
With a related allowance recorded, Recorded Investment | 213 | 223 |
Related Allowance | 20 | 20 |
With a related allowance recorded, Average Recorded Investment | 214 | 230 |
With a related allowance recorded, Interest Income Recognized | ||
Total by class of loans, Unpaid Principal Balance | 349 | 515 |
Total by class of loans, Recorded Investment | 349 | 515 |
Total by class of loans, Average Recorded Investment | 350 | 542 |
Total by class of loans, Interest Income Recognized | ||
Related Allowance | 20 | 20 |
Real Estate, Mortgage [Member] | ||
With no related allowance recorded, Unpaid Principal Balance | 4,305 | 8,906 |
With no related allowance recorded, Recorded Investment | 4,305 | 8,906 |
With no related allowance recorded, Average Recorded Investment | 4,401 | 9,075 |
With no related allowance recorded, Interest Income Recognized | 15 | 29 |
With a related allowance recorded, Unpaid Principal Balance | 258 | 624 |
With a related allowance recorded, Recorded Investment | 258 | 624 |
Related Allowance | 78 | 98 |
With a related allowance recorded, Average Recorded Investment | 250 | 614 |
With a related allowance recorded, Interest Income Recognized | 19 | 27 |
Total by class of loans, Unpaid Principal Balance | 4,563 | 9,530 |
Total by class of loans, Recorded Investment | 4,563 | 9,530 |
Total by class of loans, Average Recorded Investment | 4,651 | 9,689 |
Total by class of loans, Interest Income Recognized | 34 | 56 |
Related Allowance | 78 | 98 |
Commercial And Industrial Loan [Member] | ||
With no related allowance recorded, Unpaid Principal Balance | 27 | 217 |
With no related allowance recorded, Recorded Investment | 27 | 217 |
With no related allowance recorded, Average Recorded Investment | 33 | 217 |
With no related allowance recorded, Interest Income Recognized | ||
With a related allowance recorded, Unpaid Principal Balance | 27 | 39 |
With a related allowance recorded, Recorded Investment | 27 | 39 |
Related Allowance | 4 | 4 |
With a related allowance recorded, Average Recorded Investment | 33 | 41 |
With a related allowance recorded, Interest Income Recognized | ||
Total by class of loans, Unpaid Principal Balance | 256 | |
Total by class of loans, Recorded Investment | 256 | |
Total by class of loans, Average Recorded Investment | 258 | |
Total by class of loans, Interest Income Recognized | ||
Related Allowance | $ 4 | $ 4 |
Note 6 - Allowance for Loan L_3
Note 6 - Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Beginning balance | $ 5,329 | $ 4,946 | $ 4,207 | $ 5,340 |
Charge-offs | (5,542) | (660) | (5,938) | (1,248) |
Recoveries | 63 | 38 | 184 | 122 |
Provision for allowance for loan losses | 4,551 | 59 | 5,948 | 169 |
Ending Balance | 4,401 | 4,383 | 4,401 | 4,383 |
Ending balance: individually evaluated for impairment | 289 | 281 | 289 | 281 |
Ending balance: collectively evaluated for impairment | 4,112 | 4,102 | 4,112 | 4,102 |
Ending balance: individually evaluated for impairment | 11,106 | 15,241 | 11,106 | 15,241 |
Ending balance: collectively evaluated for impairment | 275,461 | 249,574 | 275,461 | 249,574 |
Gaming [Member] | ||||
Beginning balance | 208 | 289 | 223 | 416 |
Charge-offs | ||||
Recoveries | ||||
Provision for allowance for loan losses | (19) | (73) | (34) | (200) |
Ending Balance | 189 | 216 | 189 | 216 |
Ending balance: individually evaluated for impairment | ||||
Ending balance: collectively evaluated for impairment | 189 | 216 | 189 | 216 |
Ending balance: individually evaluated for impairment | 2,827 | 2,827 | ||
Ending balance: collectively evaluated for impairment | 17,033 | 18,262 | 17,033 | 18,262 |
Hotel/Motel [Member] | ||||
Beginning balance | 739 | 1,666 | 779 | 1,443 |
Charge-offs | ||||
Recoveries | ||||
Provision for allowance for loan losses | 2 | (96) | (38) | 127 |
Ending Balance | 741 | 1,570 | 741 | 1,570 |
Ending balance: individually evaluated for impairment | ||||
Ending balance: collectively evaluated for impairment | 741 | 1,570 | 741 | 1,570 |
Ending balance: individually evaluated for impairment | ||||
Ending balance: collectively evaluated for impairment | 45,735 | 47,587 | 45,735 | 47,587 |
Real Estate, Construction [Member] | ||||
Beginning balance | 83 | 221 | 102 | 429 |
Charge-offs | (17) | (17) | (403) | |
Recoveries | 24 | 4 | 24 | 6 |
Provision for allowance for loan losses | 4 | (160) | (15) | 33 |
Ending Balance | 94 | 65 | 94 | 65 |
Ending balance: individually evaluated for impairment | 20 | 20 | 20 | 20 |
Ending balance: collectively evaluated for impairment | 74 | 45 | 74 | 45 |
Ending balance: individually evaluated for impairment | 527 | 763 | 527 | 763 |
Ending balance: collectively evaluated for impairment | 25,084 | 23,270 | 25,084 | 23,270 |
Real Estate, Mortgage [Member] | ||||
Beginning balance | 3,748 | 2,224 | 2,454 | 2,443 |
Charge-offs | (5,464) | (5,472) | (46) | |
Recoveries | 2 | |||
Provision for allowance for loan losses | 4,543 | (217) | 5,845 | (392) |
Ending Balance | 2,827 | 2,007 | 2,827 | 2,007 |
Ending balance: individually evaluated for impairment | 249 | 187 | 249 | 187 |
Ending balance: collectively evaluated for impairment | 2,578 | 1,820 | 2,578 | 1,820 |
Ending balance: individually evaluated for impairment | 7,661 | 14,002 | 7,661 | 14,002 |
Ending balance: collectively evaluated for impairment | 137,178 | 128,818 | 137,178 | 128,818 |
Commercial And Industrial Loan [Member] | ||||
Beginning balance | 448 | 440 | 553 | 476 |
Charge-offs | (13) | (591) | (261) | (591) |
Recoveries | 5 | 3 | 28 | 24 |
Provision for allowance for loan losses | 581 | 120 | 524 | |
Ending Balance | 440 | 433 | 440 | 433 |
Ending balance: individually evaluated for impairment | 15 | 67 | 15 | 67 |
Ending balance: collectively evaluated for impairment | 425 | 366 | 425 | 366 |
Ending balance: individually evaluated for impairment | 75 | 458 | 75 | 458 |
Ending balance: collectively evaluated for impairment | 45,285 | 25,226 | 45,285 | 25,226 |
Other Loan [Member] | ||||
Beginning balance | 103 | 106 | 96 | 133 |
Charge-offs | (48) | (69) | (188) | (208) |
Recoveries | 34 | 31 | 132 | 90 |
Provision for allowance for loan losses | 21 | 24 | 70 | 77 |
Ending Balance | 110 | 92 | 110 | 92 |
Ending balance: individually evaluated for impairment | 5 | 7 | 5 | 7 |
Ending balance: collectively evaluated for impairment | 105 | 85 | 105 | 85 |
Ending balance: individually evaluated for impairment | 16 | 18 | 16 | 18 |
Ending balance: collectively evaluated for impairment | $ 5,146 | $ 6,411 | $ 5,146 | $ 6,411 |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Time Deposits, at or Above FDIC Insurance Limit | $ 22,791,000 | $ 46,618,000 |
Note 8 - Shareholders' Equity (
Note 8 - Shareholders' Equity (Details Textual) | Apr. 22, 2020$ / shares |
Dividends Payable, Date Declared | Apr. 22, 2020 |
Dividends Payable, Amount Per Share (in dollars per share) | $ 0.02 |
Dividends Payable, Date to be Paid | May 8, 2020 |
Dividends Payable, Date of Record | May 4, 2020 |
Note 9 - Fair Value Measureme_3
Note 9 - Fair Value Measurements and Disclosures (Details Textual) | Sep. 30, 2020USD ($) |
Minimum Current Appraisals More Than One Year Old And/ Or Loan Balance | $ 200,000 |
Percentage Of Time Deposits Provide For Automatic Renewal At Current Interest Rates | 98.00% |
Note 9 - Fair Value Measureme_4
Note 9 - Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Available for sale securities | $ 184,218 | $ 196,311 |
Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 184,218 | 196,311 |
Fair Value, Recurring [Member] | ||
Available for sale securities | 184,218 | 196,311 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 184,218 | 196,311 |
US Treasury Securities [Member] | ||
Available for sale securities | 20,176 | 55,653 |
US Treasury Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 20,176 | 55,653 |
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 20,176 | 55,653 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 2,618 | 12,570 |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 2,618 | 12,570 |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 2,618 | 12,570 |
Collateralized Mortgage Backed Securities [Member] | ||
Available for sale securities | 83,344 | 106,153 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 83,344 | 106,153 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 83,344 | 106,153 |
Collateralized Mortgage Obligations [Member] | ||
Available for sale securities | 41,958 | 15,488 |
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 41,958 | 15,488 |
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 41,958 | 15,488 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 36,122 | 6,447 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 36,122 | 6,447 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | $ 36,122 | $ 6,447 |
Note 9 - Fair Value Measureme_5
Note 9 - Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Impairment Loans (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Impaired Loans | $ 397 | $ 764 |
Fair Value, Inputs, Level 3 [Member] | ||
Impaired Loans | $ 397 | $ 764 |
Note 9 - Fair Value Measureme_6
Note 9 - Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Other Real Estate (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Other real estate | $ 4,721 | $ 7,453 |
Fair Value, Inputs, Level 3 [Member] | ||
Other real estate | 4,721 | 7,453 |
Fair Value, Nonrecurring [Member] | ||
Other real estate | 4,721 | 7,453 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Other real estate | $ 4,721 | $ 7,453 |
Note 9 - Fair Value Measureme_7
Note 9 - Fair Value Measurements and Disclosures - Change in Fair Value of Other Real Estate (Details) - Real Estate Acquired in Satisfaction of Debt [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Dec. 31, 2019 | |
Balance | $ 7,453 | $ 8,943 |
Loans transferred to ORE | 1,707 | |
Sales | (2,177) | (2,755) |
Writedowns | (555) | (442) |
Balance | $ 4,721 | $ 7,453 |
Note 9 - Fair Value Measureme_8
Note 9 - Fair Value Measurements and Disclosures - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Cash and due from banks | $ 110,602 | $ 29,424 |
Available for sale securities | 184,218 | 196,311 |
Held to maturity securities | 63,206 | 52,231 |
Held to maturity securities | 65,974 | 53,130 |
Other investments | 2,574 | 2,643 |
Federal Home Loan Bank stock | 2,147 | 2,129 |
Loans, net | 285,267 | 261,710 |
Other real estate | 4,721 | 7,453 |
Cash surrender value of life insurance | 19,456 | 19,381 |
Non-interest bearing | 181,890 | 122,592 |
Interest bearing | 390,373 | 354,141 |
Borrowings from Federal Home Loan Bank | 1,423 | 3,730 |
Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 110,602 | 29,424 |
Available for sale securities | ||
Held to maturity securities | ||
Other investments | 2,574 | 2,643 |
Federal Home Loan Bank stock | ||
Loans, net | ||
Other real estate | ||
Cash surrender value of life insurance | ||
Non-interest bearing | 181,890 | 122,592 |
Interest bearing | ||
Borrowings from Federal Home Loan Bank | ||
Fair Value, Inputs, Level 2 [Member] | ||
Cash and due from banks | ||
Available for sale securities | 184,218 | 196,311 |
Held to maturity securities | 65,974 | 53,130 |
Other investments | ||
Federal Home Loan Bank stock | 2,147 | 2,129 |
Loans, net | ||
Other real estate | ||
Cash surrender value of life insurance | 19,456 | 19,381 |
Non-interest bearing | ||
Interest bearing | ||
Borrowings from Federal Home Loan Bank | 1,423 | 3,730 |
Fair Value, Inputs, Level 3 [Member] | ||
Cash and due from banks | ||
Available for sale securities | ||
Held to maturity securities | ||
Other investments | ||
Federal Home Loan Bank stock | ||
Loans, net | 285,267 | 261,710 |
Other real estate | 4,721 | 7,453 |
Cash surrender value of life insurance | ||
Non-interest bearing | ||
Interest bearing | 390,373 | 354,141 |
Borrowings from Federal Home Loan Bank | ||
Reported Value Measurement [Member] | ||
Cash and due from banks | 110,602 | 29,424 |
Available for sale securities | 184,218 | 196,311 |
Held to maturity securities | 63,206 | 52,231 |
Other investments | 2,574 | 2,643 |
Federal Home Loan Bank stock | 2,147 | 2,129 |
Loans, net | 286,567 | 264,742 |
Other real estate | 4,721 | 7,453 |
Cash surrender value of life insurance | 19,456 | 19,381 |
Non-interest bearing | 181,890 | 122,592 |
Interest bearing | 389,828 | 353,551 |
Borrowings from Federal Home Loan Bank | $ 983 | $ 3,526 |