Financing Receivables [Text Block] | NOTE 3 Activity in the allowance for loan losses and balances in the loan portfolio were as follows: Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Loan Losses Three Months Ended March 31, 2021 Beginning balance $ 257 $ 1,327 $ 317 $ 4,178 $ 97 $ 1,300 $ 117 $ 7,593 Charge-offs — (74 ) (71 ) (48 ) — - — (193 ) Recoveries — 9 79 - — 2 — 90 Provision 85 337 (78 ) 215 (23 ) (278 ) (8 ) 250 Ending balance $ 342 $ 1,599 $ 247 $ 4,345 $ 74 $ 1,024 $ 109 $ 7,740 Individually evaluated for impairment $ 114 $ 2 $ — $ 10 $ — $ 213 $ — $ 339 Collectively evaluated for impairment $ 227 $ 1,596 $ 246 $ 4,337 $ 75 $ 811 $ 109 $ 7,401 Loans March 31, 2021 Individually evaluated for impairment $ 3,173 $ 1,626 $ — $ 3,001 $ — $ 2,589 $ 10,389 Collectively evaluated for impairment 43,513 290,140 32,311 448,261 15,670 174,562 1,004,457 Acquired with deteriorated credit quality — 6,284 19 11,159 — 2,775 20,237 Ending balance $ 46,686 $ 298,050 $ 32,330 $ 462,421 $ 15,670 $ 179,926 $ 1,035,083 Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Loan Losses Three Months Ended March 31, 2020 Beginning balance $ 471 $ 655 $ 270 $ 1,663 $ 76 $ 640 $ 282 $ 4,057 Charge-offs - - (89 ) - - - - (89 ) Recoveries - 1 44 - - 2 - 47 Provision (124 ) 197 (5 ) 297 48 419 (57 ) 775 Ending balance $ 347 $ 853 $ 220 $ 1,960 $ 124 $ 1,061 $ 225 $ 4,790 Individually evaluated for impairment $ 98 $ - $ 1 $ 13 $ - $ 266 $ - $ 378 Collectively evaluated for impairment $ 249 $ 853 $ 219 $ 1,947 $ 124 $ 795 $ 225 $ 4,412 Loans March 31, 2020 Individually evaluated for impairment $ 379 $ 259 $ 16 $ 2,272 $ - $ 2,449 $ 5,375 Collectively evaluated for impairment 50,104 136,989 34,236 348,365 17,525 213,706 800,925 Acquired with deteriorated credit quality - 3,953 - 1,116 - 208 5,277 Ending balance $ 50,483 $ 141,201 $ 34,252 $ 351,753 $ 17,525 $ 216,363 $ 811,577 Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Loan Losses December 31, 2020 Individually evaluated for impairment $ - $ 19 $ 1 $ 157 $ - $ 254 $ - $ 431 Collectively evaluated for impairment $ 257 $ 1,308 $ 316 $ 4,021 $ 97 $ 1,046 $ 117 $ 7,162 Loans December 31, 2020 Individually evaluated for impairment $ 348 $ 1,663 $ 8 $ 3,032 $ 80 $ 2,720 $ 7,851 Collectively evaluated for impairment 53,387 295,154 33,982 453,681 16,559 186,982 1,039,745 Acquired with deteriorated credit quality - 6,710 24 12,534 - 2,804 22,072 Ending balance $ 53,735 $ 303,527 $ 34,014 $ 469,247 $ 16,639 $ 192,506 $ 1,069,668 The provision for loan losses was $250,000 in the first 2021 first 2021 19 19 March 31, 2021, The process to monitor the credit quality of ChoiceOne’s loan portfolio includes tracking ( 1 2 3 1 9. Risk Rating 1 5 Risk rating 6 not not Risk rating 7 “7” “6”, “7”. Risk rating 8 Risk rating 9 not no may Information regarding ChoiceOne Bank's credit exposure was as follows: Corporate Credit Exposure - Credit Risk Profile By Creditworthiness Category (Dollars in thousands) Agricultural Commercial and Industrial Commercial Real Estate March 31, December 31, March 31, December 31, March 31, December 31, 2021 2020 2021 2020 2021 2020 Pass $ 43,145 $ 50,185 $ 289,781 $ 294,614 $ 449,666 $ 453,080 Special Mention 368 3,202 2,109 4,101 3,674 6,006 Substandard 3,173 348 6,160 4,812 9,081 8,925 Doubtful - - - - - 1,236 $ 46,686 $ 53,735 $ 298,050 $ 303,527 $ 462,421 $ 469,247 Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity (Dollars in thousands) Consumer Construction Real Estate Residential Real Estate March 31, December 31, March 31, December 31, March 31, December 31, 2021 2020 2021 2020 2021 2020 Performing $ 32,330 $ 34,006 $ 15,670 $ 16,559 $ 178,650 $ 191,125 Nonperforming - - - - - - Nonaccrual - 8 - 80 1,276 1,381 $ 32,330 $ 34,014 $ 15,670 $ 16,639 $ 179,926 $ 192,506 The following table provides information on loans that were considered troubled debt restructurings ("TDRs") that were modified during the three March 31, 2021 three March 31, 2020. Three Months Ended March 31, 2021 Pre- Post- Modification Modification Outstanding Outstanding (Dollars in thousands) Number of Recorded Recorded Loans Investment Investment Agricultural 6 $ 2,326 $ 2,326 Commercial Real Estate 1 958 958 Total 7 $ 3,284 $ 3,284 The following schedule provides information on TDRs as of March 31, 2021 30 three March 31, 2021 no March 31, 2020 30 three March 31, 2020 Three Months Ended March 31, 2021 (Dollars in thousands) Number Recorded of Loans Investment Commercial and industrial 1 $ 52 Commercial Real Estate 3 1,850 Total 4 $ 1,902 In March 2020, 19 not March 22, 2020, April 7, 2020, not March 31, 2021, not March 31, 2021, Impaired loans by loan category follow: Unpaid (Dollars in thousands) Recorded Principal Related Investment Balance Allowance March 31, 2021 With no related allowance recorded Agricultural $ 348 $ 434 $ - Commercial and industrial 1,463 1,574 - Consumer - - - Construction real estate - - - Commercial real estate 2,624 3,429 - Residential real estate 172 176 - Subtotal 4,607 5,613 - With an allowance recorded Agricultural 2,825 2,825 114 Commercial and industrial 163 165 2 Consumer - - - Construction real estate - - - Commercial real estate 377 384 10 Residential real estate 2,417 2,495 212 Subtotal 5,782 5,869 338 Total Agricultural 3,173 3,259 114 Commercial and industrial 1,626 1,739 2 Consumer - - - Construction real estate - - - Commercial real estate 3,001 3,813 10 Residential real estate 2,589 2,671 212 Total $ 10,389 $ 11,482 $ 338 Unpaid (Dollars in thousands) Recorded Principal Related Investment Balance Allowance December 31, 2020 With no related allowance recorded Agricultural $ 348 $ 434 $ - Commercial and industrial 1,516 1,629 - Consumer - - - Construction real estate 80 80 - Commercial real estate 1,852 2,664 - Residential real estate 162 162 - Subtotal 3,958 4,969 - With an allowance recorded Agricultural - - - Commercial and industrial 147 147 19 Consumer 8 8 1 Construction real estate - - - Commercial real estate 1,180 1,180 157 Residential real estate 2,558 2,651 254 Subtotal 3,893 3,986 431 Total Agricultural 348 434 - Commercial and industrial 1,663 1,776 19 Consumer 9 8 1 Construction real estate 80 80 - Commercial real estate 3,031 3,844 157 Residential real estate 2,720 2,813 254 Total $ 7,851 $ 8,955 $ 431 The following schedule provides information regarding average balances of impaired loans and interest recognized on impaired loans for the three March 31, 2021 2020 Average Interest (Dollars in thousands) Recorded Income Investment Recognized Three Months Ended March 31, 2021 With no related allowance recorded Agricultural $ 348 $ - Commercial and industrial 1,490 - Consumer - - Construction real estate 40 - Commercial real estate 2,238 3 Residential real estate 166 1 Subtotal 4,282 4 With an allowance recorded Agricultural 1,413 - Commercial and industrial 155 - Consumer 4 - Construction real estate - - Commercial real estate 778 4 Residential real estate 2,488 17 Subtotal 4,838 21 Total Agricultural 1,761 - Commercial and industrial 1,645 - Consumer 4 - Construction real estate 40 - Commercial real estate 3,016 7 Residential real estate 2,654 18 Total $ 9,120 $ 25 Average Interest (Dollars in thousands) Recorded Income Investment Recognized Three Months Ended March 31, 2020 With no related allowance recorded Agricultural $ 272 $ - Commercial and industrial 259 - Consumer - - Construction real estate - - Commercial real estate 1,882 - Residential real estate 59 - Subtotal 2,472 - With an allowance recorded Agricultural 379 - Commercial and industrial 7 - Consumer 16 - Construction real estate - - Commercial real estate 391 7 Residential real estate 2,383 30 Subtotal 3,176 37 Total Agricultural 651 - Commercial and industrial 266 - Consumer 17 - Construction real estate - - Commercial real estate 2,272 7 Residential real estate 2,442 30 Total $ 5,648 $ 37 An aging analysis of loans by loan category follows: Loans Loans Loans Past Due Loans Past Due Past Due Greater 90 Days Past (Dollars in thousands) 30 59 60 89 Than 90 Loans Not Total Due and Days (1) Days (1) Days (1) Total (1) Past Due Loans Accruing March 31, 2021 Agricultural $ - $ - $ - $ - $ 46,686 $ 46,686 $ - Commercial and industrial 182 - 413 595 297,455 298,050 - Consumer 11 - - 11 32,319 32,330 - Commercial real estate 184 - 1,666 1,850 460,571 462,421 - Construction real estate 492 - - 492 15,178 15,670 - Residential real estate 1,742 - 79 1,821 178,105 179,926 - $ 2,611 $ - $ 2,158 $ 4,769 $ 1,030,314 $ 1,035,083 $ - December 31, 2020 Agricultural $ - $ - $ - $ - $ 53,735 $ 53,735 $ - Commercial and industrial - 109 515 624 302,903 303,527 - Consumer 39 - - 39 33,975 34,014 - Commercial real estate 532 44 1,744 2,320 466,927 469,247 - Construction real estate 1,076 180 80 1,336 15,303 16,639 - Residential real estate 1,563 256 352 2,171 190,335 192,506 - $ 3,210 $ 589 $ 2,691 $ 6,490 $ 1,063,178 $ 1,069,668 $ - ( 1 Nonaccrual loans by loan category follow: (Dollars in thousands) March 31, December 31, 2021 2020 Agricultural $ 348 $ 348 Commercial and industrial 1,699 1,802 Consumer - 8 Commercial real estate 1,850 3,088 Construction real estate - 80 Residential real estate 1,276 1,381 $ 5,173 $ 6,707 The table below details the outstanding balances of the County Bank Corp. acquired loan portfolio and the acquisition fair value adjustments at acquisition date (dollars in thousands): Acquired Acquired Acquired Impaired Non-impaired Total Loans acquired - contractual payments $ 7,729 $ 387,394 $ 395,123 Nonaccretable difference (2,928 ) - (2,928 ) Expected cash flows 4,801 387,394 392,195 Accretable yield (185 ) (1,894 ) (2,079 ) Carrying balance at acquisition date $ 4,616 $ 385,500 $ 390,116 The table below presents a roll forward of the accretable yield on County Bank Corp. acquired loan portfolio for the three March 31, 2021 (Dollars in thousands) Acquired Acquired Acquired Impaired Non-impaired Total Balance, January 1, 2019 $ - $ - $ - Merger with County Bank Corp on October 1, 2019 185 1,894 2,079 Accretion October 1, 2019 through December 31, 2019 - (75 ) (75 ) Balance, January 1, 2020 185 1,819 2,004 Accretion January 1, 2020 through December 31, 2020 (50 ) (295 ) (345 ) Balance, December 31, 2020 135 1,524 1,659 Accretion January 1, 2021 through March 31, 2021 (5 ) (76 ) (81 ) Balance, March 31, 2021 $ 130 $ 1,448 $ 1,578 The table below details the outstanding balances of the Community Shores Bank Corporation acquired loan portfolio and the acquisition fair value adjustments at acquisition date (dollars in thousands): Acquired Acquired Acquired Impaired Non-impaired Total Loans acquired - contractual payments $ 20,491 $ 158,495 $ 178,986 Nonaccretable difference (2,719 ) - (2,719 ) Expected cash flows 17,772 158,495 176,267 Accretable yield (869 ) (596 ) (1,465 ) Carrying balance at acquisition date $ 16,903 $ 157,899 $ 174,802 The table below presents a roll forward of the accretable yield on Community Shores Bank Corporation acquired loan portfolio for the three March 31, 2021 Impaired Non-impaired Total Balance, January 1, 2020 $ - $ - $ - Merger with Community Shores Bank Corporation on July 1, 2020 869 596 1,465 Accretion July 1, 2020 through December 31, 2020 (26 ) (141 ) (167 ) Balance, December 31, 2020 843 455 1,298 Accretion January 1, 2021 through March 31, 2021 (328 ) (198 ) (526 ) Balance, March 31, 2021 $ 515 $ 257 $ 772 |