Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2022 | May 13, 2022 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001098146 | |
Entity Registrant Name | PATRIOT NATIONAL BANCORP INC | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2022 | |
Document Transition Report | false | |
Entity File Number | 000-29599 | |
Entity Incorporation, State or Country Code | CT | |
Entity Tax Identification Number | 06-1559137 | |
Entity Address, Address Line One | 900 Bedford Street | |
Entity Address, City or Town | Stamford | |
Entity Address, State or Province | CT | |
Entity Address, Postal Zip Code | 06901 | |
City Area Code | 203 | |
Local Phone Number | 252-5900 | |
Title of 12(b) Security | Common Stock | |
Trading Symbol | PNBK | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 3,957,269 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Cash and due from banks: | ||
Noninterest bearing deposits and cash | $ 9,026 | $ 3,264 |
Interest bearing deposits | 35,290 | 43,781 |
Total cash and cash equivalents | 44,316 | 47,045 |
Investment securities: | ||
Available-for-sale securities, at fair value | 83,260 | 94,341 |
Other investments, at cost | 4,450 | 4,450 |
Total investment securities | 87,710 | 98,791 |
Federal Reserve Bank stock, at cost | 2,869 | 2,843 |
Federal Home Loan Bank stock, at cost | 4,184 | 4,184 |
Loans receivable (net of allowance for loan losses: 2022: $9,737 and 2021: $9,905) | 763,602 | 729,583 |
Loans held for sale | 5,820 | 3,129 |
Accrued interest and dividends receivable | 5,596 | 5,822 |
Premises and equipment, net | 31,269 | 31,500 |
Deferred tax asset | 13,755 | 12,146 |
Goodwill | 1,107 | 1,107 |
Core deposit intangible, net | 284 | 296 |
Other assets | 14,992 | 12,035 |
Total assets | 975,504 | 948,481 |
Deposits: | ||
Noninterest bearing deposits | 237,825 | 226,713 |
Interest bearing deposits | 542,024 | 521,849 |
Total deposits | 779,849 | 748,562 |
Federal Home Loan Bank and correspondent bank borrowings | 90,000 | 90,000 |
Senior notes, net | 12,000 | 12,000 |
Subordinated debt, net | 9,818 | 9,811 |
Junior subordinated debt owed to unconsolidated trust, net | 8,121 | 8,119 |
Note payable | 740 | 791 |
Advances from borrowers for taxes and insurance | 2,574 | 1,101 |
Accrued expenses and other liabilities | 9,719 | 10,753 |
Total liabilities | 912,821 | 881,137 |
Commitments and Contingencies | ||
Shareholders' equity | ||
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Common stock, $.01 par value, 100,000,000 shares authorized; As of March 31, 2022: 4,030,233 shares issued; 3,956,492 shares outstanding; As of December 31, 2021: 4,030,233 shares issued; 3,956,492 shares outstanding. | 106,500 | 106,479 |
Accumulated deficit | (36,698) | (37,498) |
Accumulated other comprehensive loss | (7,119) | (1,637) |
Total shareholders' equity | 62,683 | 67,344 |
Total liabilities and shareholders' equity | $ 975,504 | $ 948,481 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Net of allowance for loan and lease losses | $ 9,737 | $ 9,905 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 4,030,233 | 4,030,233 |
Common stock, shares outstanding (in shares) | 3,956,492 | 3,956,492 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Interest and Dividend Income | ||
Interest and fees on loans | $ 7,664 | $ 7,743 |
Interest on investment securities | 570 | 310 |
Dividends on investment securities | 65 | 34 |
Other interest income | 21 | 24 |
Total interest and dividend income | 8,320 | 8,111 |
Interest Expense | ||
Interest on deposits | 409 | 785 |
Interest on Federal Home Loan Bank borrowings | 737 | 733 |
Interest on senior debt | 210 | 229 |
Interest on subordinated debt | 234 | 234 |
Interest on note payable and other | 4 | 4 |
Total interest expense | 1,594 | 1,985 |
Net interest income | 6,726 | 6,126 |
Provision for loan losses | 0 | 0 |
Net interest income after provision for loan losses | 6,726 | 6,126 |
Non-interest Income | ||
Loan application, inspection and processing fees | 87 | 63 |
Deposit fees and service charges | 64 | 65 |
Gains on sales of loans | 208 | 94 |
Rental income | 192 | 130 |
Other income | 263 | 90 |
Total non-interest income | 814 | 442 |
Non-interest Expense | ||
Salaries and benefits | 3,346 | 2,216 |
Occupancy and equipment expense | 836 | 920 |
Data processing expense | 330 | 350 |
Professional and other outside services | 789 | 852 |
Project expenses, net | 52 | 10 |
Advertising and promotional expense | 68 | 62 |
Loan administration and processing expense | 105 | 24 |
Regulatory assessments | 174 | 228 |
Insurance expense, net | 77 | 60 |
Communications, stationery and supplies | 135 | 145 |
Other operating expense | 517 | 528 |
Total non-interest expense | 6,429 | 5,395 |
Income before income taxes | 1,111 | 1,173 |
Provision for income taxes | 311 | 319 |
Net income | $ 800 | $ 854 |
Basic earnings per share (in dollars per share) | $ 0.20 | $ 0.22 |
Diluted earnings per share (in dollars per share) | $ 0.20 | $ 0.22 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Net income | $ 800 | $ 854 |
Other comprehensive loss | ||
Unrealized holding loss on securities | (7,389) | (229) |
Income tax effect | 1,907 | 59 |
Total other comprehensive loss | (5,482) | (170) |
Comprehensive (loss) income | $ (4,682) | $ 684 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock Outstanding [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2020 | 3,943,572 | |||
Balance at Dec. 31, 2020 | $ 106,329 | $ (42,592) | $ (518) | $ 63,219 |
Net income (loss) | 0 | 854 | 0 | 854 |
Unrealized holding loss on available-for-sale securities, net of tax | 0 | 0 | (170) | (170) |
Total comprehensive income (loss) | 0 | 854 | (170) | 684 |
Share-based compensation expense | $ 34 | 0 | 0 | 34 |
Vesting of restricted stock (in shares) | 700 | |||
Vesting of restricted stock | $ 0 | 0 | 0 | 0 |
Balance (in shares) at Mar. 31, 2021 | 3,944,272 | |||
Balance at Mar. 31, 2021 | $ 106,363 | (41,738) | (688) | 63,937 |
Balance (in shares) at Dec. 31, 2021 | 3,956,492 | |||
Balance at Dec. 31, 2021 | $ 106,479 | (37,498) | (1,637) | 67,344 |
Net income (loss) | 0 | 800 | 0 | 800 |
Unrealized holding loss on available-for-sale securities, net of tax | 0 | 0 | (5,482) | (5,482) |
Total comprehensive income (loss) | 0 | 800 | (5,482) | (4,682) |
Share-based compensation expense | $ 21 | 0 | 0 | 21 |
Balance (in shares) at Mar. 31, 2022 | 3,956,492 | |||
Balance at Mar. 31, 2022 | $ 106,500 | $ (36,698) | $ (7,119) | $ 62,683 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Cash Flows from Operating Activities: | |||
Net income | $ 800,000 | $ 854,000 | |
Adjustments to reconcile net income to net cash used in operating activities: | |||
Amortization and accretion of investment premiums and discounts, net | (17,000) | 89,000 | |
Amortization and accretion of purchase loan premiums and discounts, net | 639,000 | 285,000 | |
Amortization of debt issuance costs | 9,000 | 28,000 | |
Amortization of core deposit intangible | 12,000 | 12,000 | |
Amortization of servicing assets of sold SBA loans | 10,000 | 6,000 | |
Depreciation and amortization | 323,000 | 384,000 | |
Share-based compensation | 21,000 | 34,000 | |
Decrease in deferred income taxes | 298,000 | 281,000 | |
Originations of SBA loans held for sale | (5,057,000) | (2,805,000) | |
Proceeds from sale of SBA loans held for sale | 2,574,000 | 1,006,000 | |
Gains on sale of SBA loans held for sale, net | (208,000) | (94,000) | |
Net gain on sale and write-down of other real estate owned | 0 | (2,000) | |
Changes in assets and liabilities: | |||
Decrease in accrued interest and dividends receivable | 226,000 | 350,000 | |
Increase in other assets | (2,520,000) | (1,025,000) | |
Decrease in accrued expenses and other liabilities | (1,430,000) | (237,000) | |
Net cash used in operating activities | (4,320,000) | (834,000) | |
Cash Flows from Investing Activities: | |||
Proceeds from maturity or sales on available-for-sale securities | 2,500,000 | 1,886,000 | |
Principal repayments on available-for-sale securities | 2,209,000 | 3,066,000 | |
Purchases of available-for-sale securities | (1,000,000) | (13,901,000) | |
(Purchases) redemptions of Federal Reserve Bank stock | (26,000) | 39,000 | |
Decrease in originated loans receivable, net | 4,312,000 | 69,366,000 | |
Purchases of loans receivable | (39,022,000) | (16,041,000) | |
Purchases of premises and equipment | (91,000) | (178,000) | |
Proceeds from sale of other real estate owned | 0 | 692,000 | |
Net cash (used in) provided by investing activities | (31,118,000) | 44,929,000 | |
Cash Flows from Financing Activities: | |||
Increase in deposits | 31,287,000 | 7,222,000 | |
Principal repayments of note payable | (51,000) | (51,000) | |
Decrease (increase) in advances from borrowers for taxes and insurance | 1,473,000 | (1,628,000) | |
Net cash provided by financing activities | 32,709,000 | 5,543,000 | |
Net (decrease) increase in cash and cash equivalents | (2,729,000) | 49,638,000 | |
Cash and cash equivalents at beginning of period | 47,045,000 | 34,636,000 | $ 34,636,000 |
Cash and cash equivalents at end of period | 44,316,000 | 84,274,000 | $ 47,045,000 |
Supplemental Disclosures of Cash Flow Information: | |||
Cash paid for interest | 1,247,000 | 1,836,000 | |
Cash paid for income taxes | 0 | 47,000 | |
Non-cash transactions: | |||
Increase in premises and equipment | 0 | (130,000) | |
Reclass of premises and equipment to implementation cost | 0 | 52,000 | |
Increase in accrued expense and other liabilities | 0 | 78,000 | |
Capitalized servicing assets | 52,000 | 17,000 | |
Operating lease right-of-use assets/ lease liabilites | 61,000 | 0 | |
(Decrease) increase in interest rate swaps | (405,000) | 396,000 | |
Capital raise deferred costs | 863,000 | 0 | |
SBA Loans [Member] | |||
Non-cash transactions: | |||
Transfers of SBA loans held for sale to loans receivable | $ 0 | $ 281,000 |
Note 1 - Basis of Financial Sta
Note 1 - Basis of Financial Statement Presentation | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | Note 1. Basis of Financial Statement Presentation The accompanying unaudited interim condensed consolidated financial statements of Patriot National Bancorp, Inc. (the “Company” or “PNBK”) and its wholly-owned subsidiaries, Patriot Bank, N.A. (the “Bank”), Patriot National Statutory Trust I and PinPat Acquisition Corporation (collectively, “Patriot”), have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been omitted. The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included on the Annual Report on Form 10 December 31, 2021. The consolidated balance sheet at December 31, 2021 not The preparation of consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and to disclose contingent assets and liabilities. Actual results could differ from those estimates. Management has identified accounting for the allowance for loan and lease losses, the analysis and valuation of its investment securities, the valuation of deferred tax assets, the impairment of goodwill, the valuation of derivatives, and the valuation of servicing assets as certain of the Company’s more significant accounting policies and estimates, in that they are critical to the presentation of the Company’s consolidated financial condition and results of operations. As they concern matters that are inherently uncertain, these estimates require management to make subjective and complex judgments in the preparation of the Company’s consolidated financial statements. The information furnished reflects, in the opinion of management, all normal recurring adjustments necessary for a fair presentation of the results for the interim periods presented. The results of operations for the three March 31, 2022 not may 2022. |
Note 2 - Accounting Policies
Note 2 - Accounting Policies | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | Note 2. Accounting Policies Please refer to the summary of Significant Accounting Policies included in the Company’s 2021 10 December 31, 2021. Recently Issued Accounting Standards New Accounting Standards Adopted in 2022 There were no December 31, 2021. Accounting Standards Issued But Not ASU 2016 13 In June 2016, 2016 13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments not 2016 13 2016 13 December 15, 2019, December 15, 2018. November 2019, 2019 10, 326 December 31, 2022, ASU Update 2020 02 In January 2020, No. 2020 02, Financial Instruments - Credit Losses (Topic 326 842 No. 119 No. 2016 02, 842 No. 119, 2016 13 ASU Update 2020 03 In March 2020, No. 2020 03, Codification Improvements to Financial Instruments. 2016. 2016 13 not 2016 13. not 2016 13. 2016 13 ASU 2022 02 In March 2022, No. 2022 02, "Financial Instruments Credit Losses (Topic 326 2022 02 326, 310 40, 326 20, 2022 02 December 15, 2022, 2016 03, 2016 13 |
Note 3 - Available-for-sale Sec
Note 3 - Available-for-sale Securities | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3. Available-for-Sale Securities The amortized cost, gross unrealized gains, gross unrealized losses and fair values of available-for-sale securities at March 31, 2022 December 31, 2021 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value March 31, 2022: U. S. Government agency and mortgage-backed securities $ 65,864 $ - $ (5,974 ) $ 59,890 Corporate bonds 17,754 43 (3,065 ) 14,732 Subordinated notes 3,108 9 (48 ) 3,069 SBA loan pools 5,567 - (512 ) 5,055 Municipal bonds 562 - (48 ) 514 $ 92,855 $ 52 $ (9,647 ) $ 83,260 December 31, 2021: U. S. Government agency and mortgage-backed securities $ 67,850 $ 24 $ (1,245 ) $ 66,629 Corporate bonds 17,754 118 (951 ) 16,921 Subordinated notes 4,608 35 (17 ) 4,626 SBA loan pools 5,772 - (169 ) 5,603 Municipal bonds 563 1 (2 ) 562 $ 96,547 $ 178 $ (2,384 ) $ 94,341 The following table presents the available-for-sale securities’ gross unrealized losses and fair value, aggregated by the length of time the individual securities have been in a continuous loss position as of March 31, 2022 December 31, 2021: (In thousands) Less than 12 Months 12 Months or More Total Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) March 31, 2022: U. S. Government agency and mortgage-backed securities $ 52,958 $ (5,216 ) $ 6,932 $ (758 ) $ 59,890 $ (5,974 ) Corporate bonds 12,931 (3,065 ) - - 12,931 (3,065 ) Subordinated notes 2,059 (48 ) - - 2,059 (48 ) SBA loan pools 2,450 (246 ) 2,605 (266 ) 5,055 (512 ) Municipal bonds 515 (48 ) - - 515 (48 ) $ 70,913 $ (8,623 ) $ 9,537 $ (1,024 ) $ 80,450 $ (9,647 ) December 31, 2021: U. S. Government agency and mortgage-backed securities $ 60,606 $ (1,196 ) $ 1,610 $ (49 ) $ 62,216 $ (1,245 ) Corporate bonds 15,042 (951 ) - - 15,042 (951 ) Subordinated notes - - 1,092 (17 ) 1,092 (17 ) SBA loan pools 5,603 (169 ) - - 5,603 (169 ) Municipal bonds 406 (2 ) - - 406 (2 ) $ 81,657 $ (2,318 ) $ 2,702 $ (66 ) $ 84,359 $ (2,384 ) As of March 31, 2022 December 31, 2021, Based on its quarterly reviews, management believes that none not not not not March 31, 2022. As of March 31, 2022 December 31, 2021, The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held as of March 31, 2022 December 31, 2021. not may (In thousands) Amortized Cost Fair Value Due Within 5 years Due After 5 years through 10 years Due After 10 years Total Due Within 5 years Due After 5 years through 10 years Due After 10 years Total March 31, 2022: Corporate bonds $ 17,754 $ - $ - $ 17,754 $ 14,732 $ - $ - $ 14,732 Subordinated notes - 3,108 - 3,108 - 3,069 - 3,069 SBA loan pools - - 5,567 5,567 - - 5,055 5,055 Municipal bonds - 562 - 562 - 514 - 514 Available-for-sale securities with stated maturity dates 17,754 3,670 5,567 26,991 14,732 3,583 5,055 23,370 U. S. Government agency and mortgage-backed securities 9,986 - 55,878 65,864 9,024 - 50,866 59,890 $ 27,740 $ 3,670 $ 61,445 $ 92,855 $ 23,756 $ 3,583 $ 55,921 $ 83,260 December 31, 2021: Corporate bonds $ 17,754 $ - $ - $ 17,754 $ 16,921 $ - $ - $ 16,921 Subordinated notes - 4,608 - 4,608 - 4,626 - 4,626 SBA loan pools - - 5,772 5,772 - - 5,603 5,603 Municipal bonds - 563 - 563 - 562 - 562 Available-for-sale securities with stated maturity dates 17,754 5,171 5,772 28,697 16,921 5,188 5,603 27,712 U. S. Government agency and mortgage-backed securities 13,876 - 53,974 67,850 13,835 - 52,794 66,629 $ 31,630 $ 5,171 $ 59,746 $ 96,547 $ 30,756 $ 5,188 $ 58,397 $ 94,341 During the three March 31, 2022, three March 31, 2021, three March 31, 2022 2021. |
Note 4 - Loan Receivables and A
Note 4 - Loan Receivables and Allowance for Loan and Lease Losses | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4. Loans Receivable and Allowance for Loan and Lease Losses As of March 31, 2022 December 31, 2021, March 31, December 31, (In thousands) 2022 2021 Loan portfolio segment: Commercial Real Estate $ 413,104 $ 365,247 Residential Real Estate 146,221 158,591 Commercial and Industrial 128,515 122,810 Consumer and Other 71,219 59,364 Construction 12,223 21,781 Construction to Permanent - CRE 2,057 11,695 Loans receivable, gross 773,339 739,488 Allowance for loan and lease losses (9,737 ) (9,905 ) Loans receivable, net $ 763,602 $ 729,583 Patriot's lending activities are conducted principally in Fairfield and New Haven Counties in Connecticut and Westchester County in New York, and the five 2016. first second Patriot has established credit policies applicable to each type of lending activity in which it engages and evaluates the creditworthiness of each borrower. Unless extenuating circumstances exist, Patriot limits the extension of credit on commercial real estate loans to 75% of the market value of the underlying collateral. Patriot’s loan origination policy for multi-family residential real estate is limited to 80% of the market value of the underlying collateral. In the case of construction loans, the maximum loan-to-value is 75% of the “as completed” appraised value of the real estate project. Management monitors the appraised value of collateral on an on-going basis and additional collateral is requested when warranted. Real estate is the primary form of collateral, although other forms of collateral do exist and may Risk characteristics of the Company s portfolio classes include the following: Commercial Real Estate Loans In underwriting commercial real estate loans, Patriot evaluates both the prospective borrower’s ability to make timely payments on the loan and the value of the property securing the loans. Repayment of such loans may may During the three March 31, 2022, first 2021. Residential Real Estate Loans In 2013, may During the three March 31, 2022, not three March 31, 2021, Commercial and Industrial Loans Patriot’s commercial and industrial loan portfolio consists primarily of commercial business loans and lines of credit to businesses and professionals. These loans are generally for the financing of accounts receivable, purchases of inventory, purchases of new or used equipment, or for other short- or long-term working capital purposes. These loans are generally secured by business assets but are also occasionally offered on an unsecured basis. In granting these types of loans, Patriot considers the borrower’s cash flow as the primary source of repayment, supported by the value of collateral, if any, and personal guarantees, as applicable. Repayment of commercial and industrial loans may Patriot’s syndicated and leveraged loan portfolio totaled $20.8 million and $19.6 million at March 31, 2022 December 31, 2021, not Consumer and Other Loans Patriot offers individual consumers various forms of credit including installment loans, credit cards, overdraft protection, auto loans and reserve lines of credit. Repayments of such loans are generally dependent on the personal income of the borrower, which may not The Company does not During the three March 31, 2022, three March 31, 2021, Construction Loans Construction loans are of a short-term nature, generally of eighteen may Included in this category are loans to construct single family homes where no may Construction to Permanent - Commercial Real Estate Loans in this category represent a one five Close of the construction facility typically occurs when events dictate, such as receipt of a certificate of occupancy and property stabilization, which is defined as cash flow sufficient to support a pre-defined minimum debt coverage ratio and other conditions and covenants particular to the loan. Construction facilities are typically variable rate instruments that, upon conversion to an amortizing mortgage loan, reset to a fixed rate instrument that is the greater of the in-force variable rate plus a predetermined spread over a reference rate (e.g., prime) or a minimum interest rate. SBA Loans Patriot originates SBA 7 2021, October 1, 2021. March 31, 2022 December 31, 2021, first 2022, three March 31, 2021, Small Business Administration Paycheck Protection Program The CARES Act created the SBA’s Paycheck Protection Program. Under the Paycheck Protection Program, $669 January 2021. Paycheck Protection Program loans totaled $380,000 and $919,000 as of March 31, 2022 December 31, 2021, Allowance for Loan and Lease Losses The following tables summarize the activity in the allowance for loan and lease losses, allocated to segments of the loan portfolio, for the three March 31, 2022 2021: (In thousands) Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Unallocated Total Three months ended March 31, 2022 Allowance for loan and lease losses: December 31, 2021 $ 5,063 $ 1,700 $ 2,532 $ 253 $ 78 $ 41 $ 238 $ 9,905 Charge-offs - - (68 ) (47 ) (70 ) - - (185 ) Recoveries - 1 15 1 - - - 17 Provisions (credits) (174 ) (189 ) 381 112 48 (32 ) (146 ) - March 31, 2022 $ 4,889 $ 1,512 $ 2,860 $ 319 $ 56 $ 9 $ 92 $ 9,737 Three months ended March 31, 2021 Allowance for loan and lease losses: December 31, 2020 $ 4,485 $ 1,379 $ 3,284 $ 295 $ 739 $ 162 $ 240 $ 10,584 Charge-offs (42 ) (3 ) (209 ) (18 ) - - - (272 ) Recoveries - - 12 102 - - - 114 Provisions (credits) (289 ) 533 537 3 (459 ) (85 ) (240 ) - March 31, 2021 $ 4,154 $ 1,909 $ 3,624 $ 382 $ 280 $ 77 $ - $ 10,426 The following tables summarize, by loan portfolio segment, the amount of loans receivable evaluated individually and collectively for impairment as of March 31, 2022 December 31, 2021: (In thousands) Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Unallocated Total March 31, 2022 Allowance for loan and lease losses: Individually evaluated for impairment $ 1,752 $ 3 $ 954 $ - $ - $ - $ - $ 2,709 Collectively evaluated for impairment 3,137 1,509 1,906 319 56 9 92 7,028 Total allowance for loan and lease losses $ 4,889 $ 1,512 $ 2,860 $ 319 $ 56 $ 9 $ 92 $ 9,737 Loans receivable, gross: Individually evaluated for impairment $ 15,643 $ 2,940 $ 4,544 $ 521 $ - $ - $ - $ 23,648 Collectively evaluated for impairment 397,461 143,281 123,971 70,698 12,223 2,057 - 749,691 Total loans receivable, gross $ 413,104 $ 146,221 $ 128,515 $ 71,219 $ 12,223 $ 2,057 $ - $ 773,339 (In thousands) Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Unallocated Total December 31, 2021 Allowance for loan and lease losses: Individually evaluated for impairment $ 1,567 $ 3 $ 722 $ - $ - $ - $ - $ 2,292 Collectively evaluated for impairment 3,496 1,697 1,810 253 78 41 238 7,613 Total allowance for loan losses $ 5,063 $ 1,700 $ 2,532 $ 253 $ 78 $ 41 $ 238 $ 9,905 Loans receivable, gross: Individually evaluated for impairment $ 15,704 $ 2,954 $ 4,031 $ 523 $ - $ - $ - $ 23,212 Collectively evaluated for impairment 349,543 155,637 118,779 58,841 21,781 11,695 - 716,276 Total loans receivable, gross $ 365,247 $ 158,591 $ 122,810 $ 59,364 $ 21,781 $ 11,695 $ - $ 739,488 Patriot monitors the credit quality of its loans receivable on an ongoing basis. Credit quality is monitored by reviewing certain indicators, including cash flow from business operations, loan to value ratios, debt service coverage ratios, and credit scores. Patriot employs a risk rating system as part of the risk assessment of its loan portfolio. At origination, credit officers are required to assign a risk rating to each loan in their portfolio, which is ratified or modified by the Loan Committee to which the loan is submitted for approval. If financial developments occur on a loan in the credit officer’s portfolio of responsibility, the risk rating is reviewed and adjusted, as applicable. In carrying out its oversight responsibilities, the Loan Committee can adjust a risk rating based on available information. In addition, the risk ratings on all commercial loans over $250,000 Additionally, Patriot retains an independent third When assigning a risk rating to a loan, management utilizes the Bank’s internal eleven not one ● Substandard: An asset is classified “substandard” if it is not not ● Doubtful: Assets classified as “doubtful” have all of the weaknesses inherent in those classified as “substandard”, with the added characteristic that the identified weaknesses make collection or liquidation-in-full improbable, on the basis of currently existing facts, conditions, and values. Charge-offs of loans to reduce the loan to its recoverable value that are solely collateral dependent, generally occur immediately upon confirmation of the partial loss amount. Loans that are cash flow dependent are modeled to reflect the expected cash flows through expected loan maturity, including any proceeds from refinancing or principal curtailment. A specific reserve is established for the amount by which the net investment in the loan exceeds the present value of discounted cash flows. Charge-offs on cash flow dependent loans also generally occur immediately upon confirmation of the partial loss amount. If either type of loan is classified as “Loss”, meaning full loss on the loan is expected, the full balance of the loan receivable is charged off, regardless of the potential recovery from a sale of the underlying collateral. Any amount that may Loan Portfolio Aging Analysis The following tables summarize performing and non-performing (i.e., non-accruing) loans receivable by portfolio segment, by aging category, by delinquency status as of March 31, 2022. (In thousands) Performing (Accruing) Loans As of March 31, 2022: 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or Greater Past Due Total Past Due Current Total Performing Loans Non- accruing Loans Loans Receivable Gross Loan portfolio segment: Commercial Real Estate: Pass $ 849 $ - $ - $ 849 $ 373,639 $ 374,488 $ - $ 374,488 Special mention - - - - 20,384 20,384 - 20,384 Substandard 339 - - 339 2,250 2,589 15,643 18,232 1,188 - - 1,188 396,273 397,461 15,643 413,104 Residential Real Estate: Pass - - - - 141,695 141,695 - 141,695 Substandard - - - - 1,392 1,392 3,134 4,526 - - - - 143,087 143,087 3,134 146,221 Commercial and Industrial: Pass 997 - - 997 119,292 120,289 - 120,289 Special mention - - - - 1,435 1,435 - 1,435 Substandard 573 - - 573 1,674 2,247 4,544 6,791 1,570 - - 1,570 122,401 123,971 4,544 128,515 Consumer and Other: Pass - - - - 71,051 71,051 - 71,051 Substandard - - - - 23 23 145 168 - - - - 71,074 71,074 145 71,219 Construction: Pass - - - - 12,223 12,223 - 12,223 - - - - 12,223 12,223 - 12,223 Construction to Permanent - CRE: Pass - - - - 2,057 2,057 - 2,057 - - - - 2,057 2,057 - 2,057 Total $ 2,758 $ - $ - $ 2,758 $ 747,115 $ 749,873 $ 23,466 $ 773,339 Loans receivable, gross: Pass $ 1,846 $ - $ - $ 1,846 $ 719,957 $ 721,803 $ - $ 721,803 Special mention - - - - 21,819 21,819 - 21,819 Substandard 912 - - 912 5,339 6,251 23,466 29,717 Loans receivable, gross $ 2,758 $ - $ - $ 2,758 $ 747,115 $ 749,873 $ 23,466 $ 773,339 The following tables summarize performing and non-performing loans (i.e., non-accruing) receivable by portfolio segment, by aging category, by delinquency status as of December 31, 2021. (In thousands) Performing (Accruing) Loans As of December 31, 2021: 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or Greater Past Due Total Past Due Current Total Performing Loans Non- accruing Loans Loans Receivable Gross Loan portfolio segment: Commercial Real Estate: Pass $ 696 $ - $ - $ 696 $ 324,858 $ 325,554 $ - $ 325,554 Special mention - - - - 16,625 16,625 - 16,625 Substandard - - - - 7,364 7,364 15,704 23,068 696 - - 696 348,847 349,543 15,704 365,247 Residential Real Estate: Pass - - - - 154,044 154,044 - 154,044 Special mention - - - - 1,399 1,399 - 1,399 Substandard - - - - - - 3,148 3,148 - - - - 155,443 155,443 3,148 158,591 Commercial and Industrial: Pass 243 - - 243 114,306 114,549 - 114,549 Special mention - - - - 1,951 1,951 - 1,951 Substandard - - - - 2,209 2,209 4,101 6,310 243 - - 243 118,466 118,709 4,101 122,810 Consumer and Other: Pass - 26 2 28 59,171 59,199 - 59,199 Substandard - - - - 23 23 142 165 - 26 2 28 59,194 59,222 142 59,364 Construction: Pass - - - - 21,781 21,781 - 21,781 - - - - 21,781 21,781 - 21,781 Construction to Permanent - CRE: Pass - - - - 11,695 11,695 - 11,695 - - - - 11,695 11,695 - 11,695 Total $ 939 $ 26 $ 2 $ 967 $ 715,426 $ 716,393 $ 23,095 $ 739,488 Loans receivable, gross: Pass $ 939 $ 26 $ 2 $ 967 $ 685,855 $ 686,822 $ - $ 686,822 Special mention - - - - 19,975 19,975 - 19,975 Substandard - - - - 9,596 9,596 23,095 32,691 Loans receivable, gross $ 939 $ 26 $ 2 $ 967 $ 715,426 $ 716,393 $ 23,095 $ 739,488 The following tables summarize non-performing (i.e., non-accruing) loans by aging category and status, within the applicable loan portfolio segment as of March 31, 2022 December 31, 2021: (In thousands) Non-accruing Loans 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or Greater Past Due Total Past Due Current Total Non-accruing Loans As of March 31, 2022: Loan portfolio segment: Commercial Real Estate: Substandard $ - $ - $ 6,787 $ 6,787 $ 8,856 $ 15,643 Residential Real Estate: Substandard 696 - 2,419 3,115 19 3,134 Commercial and Industrial: Substandard - 118 3,292 3,410 1,134 4,544 Consumer and Other: Substandard - - 121 121 24 145 Total non-accruing loans $ 696 $ 118 $ 12,619 $ 13,433 $ 10,033 $ 23,466 As of December 31, 2021: Loan portfolio segment: Commercial Real Estate: Substandard $ - $ - $ 15,704 $ 15,704 $ - $ 15,704 Residential Real Estate: Substandard - - 2,419 2,419 729 3,148 Commercial and Industrial: Substandard - 491 2,458 2,949 1,152 4,101 Consumer and Other: Substandard - 94 28 122 20 142 Total non-accruing loans $ - $ 585 $ 20,609 $ 21,194 $ 1,901 $ 23,095 If non-accrual loans had been performing in accordance with the original contractual terms, additional interest income (net of cash collected) of approximately $115,000 and $255,000 would have been recognized during the three March 31, 2022 2021, During the three March 31, 2022 2021, The accrual of interest on loans is discontinued at the time the loan is 90 no All interest accrued, but not six 90 not $100,000 not Troubled Debt Restructurings ( TDR ) On a case-by-case basis, Patriot may may Substantially all TDR loan modifications involve lowering the monthly payments on such loans through either a reduction in interest rate below market rate, an extension of the term of the loan, or a combination of adjusting these two may may six The following table summarizes the recorded investment in TDRs as of March 31, 2022 December 31, 2021: (In thousands) March 31, 2022 December 31, 2021 Loan portfolio segment: Number of Loans Recorded Investment Number of Loans Recorded Investment Commercial Real Estate 1 $ 8,856 1 $ 8,884 Residential Real Estate 3 856 3 870 Consumer and Other 3 637 3 640 Total TDR Loans 7 10,349 7 10,394 Less: TDRs included in non-accrual loans 3 (9,646 ) 3 (9,688 ) Total accrual TDR Loans 4 $ 703 4 $ 706 During the three March 31, 2022 2021, The loans modified in a TDR often involve reducing the interest rate for the remaining term of the loan, extending the maturity date at an interest rate lower than the current market rate for new debt with similar risk, extending the interest-only payment period, or substituting or adding a co-borrower or guarantor. There were no defaults of TDRs during the three March 31, 2022 2021. March 31, 2022 December 31, 2021, The balances reflected here as TDR’s are also included in the non-accruing loan balance included in the prior table - Loan Portfolio Aging Analysis. Impaired Loans Impaired loans may March 31, 2022. five $100,000, not At December 31, 2021, three thirty-four $100,000, not For collateral dependent loans, appraisal reports of the underlying collateral, have been obtained from independent licensed appraisal firms. For non-performing loans, the independently determined appraised values were first may may Loans not no The following table reflects information about the impaired loans by class as of March 31, 2022 December 31, 2021: (In thousands) March 31, 2022 December 31, 2021 Recorded Investment Principal Outstanding Related Allowance Recorded Investment Principal Outstanding Related Allowance With no related allowance recorded: Commercial Real Estate $ 6,787 $ 7,765 $ - $ 6,820 $ 7,776 $ - Residential Real Estate 2,834 2,758 - 2,847 2,763 - Commercial and Industrial 612 743 - 630 758 - Consumer and Other 521 521 - 523 523 - 10,754 11,787 - 10,820 11,820 - With a related allowance recorded: Commercial Real Estate $ 8,856 $ 8,805 $ 1,752 8,884 8,811 1,567 Residential Real Estate 3,932 4,592 954 461 488 8 Commercial and Industrial 460 486 7 3,471 3,916 723 Consumer and Other 167 201 2 166 201 1 13,415 14,084 2,715 12,982 13,416 2,299 Impaired Loans, Total: Commercial Real Estate 15,643 16,570 1,752 15,704 16,587 1,567 Residential Real Estate 6,766 7,350 954 3,308 3,251 8 Commercial and Industrial 1,072 1,229 7 4,101 4,674 723 Consumer and Other 688 722 2 689 724 1 Impaired Loans, Total $ 24,169 $ 25,871 $ 2,715 $ 23,802 $ 25,236 $ 2,299 The following table summarizes additional information regarding impaired loans by class for the three March 31, 2022 2021. Three Months Ended March 31, (In thousands) 2022 2021 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial Real Estate $ 6,806 $ 32 $ 6,078 $ - Residential Real Estate 2,840 8 4,248 13 Commercial and Industrial 621 4 2,745 46 Consumer and Other 522 4 945 6 10,789 48 14,016 65 With a related allowance recorded: Commercial Real Estate 8,873 25 8,813 - Residential Real Estate 1,328 21 190 3 Commercial and Industrial 2,738 2 462 26 Consumer and Other 165 1 47 2 13,104 49 9,512 31 Impaired Loans, Total: Commercial Real Estate 15,679 57 14,891 - Residential Real Estate 4,168 29 4,438 16 Commercial and Industrial 3,359 6 3,207 72 Consumer and Other 687 5 992 8 Impaired Loans, Total $ 23,893 $ 97 $ 23,528 $ 96 |
Note 5 - Loans Held for Sale
Note 5 - Loans Held for Sale | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Loans Held for Sale [Text Block] | Note 5. Loans Held for Sale Loans held for sale represent the guaranteed portion of SBA loans originated and are reflected at the lower of aggregate cost or market value. As of March 31, 2022, December 31, 2021, first 2022. three March 31, 2021, The Company generally sells the guaranteed portion of its SBA loans to a third Servicing assets represent the estimated fair value of retained servicing rights, net of servicing costs, at the time loans are sold. Servicing assets are amortized in proportion to, and over the period of, estimated net servicing revenues. Impairment will be evaluated based on stratifying the underlying financial assets by date of origination and term. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Any impairment, if temporary, would be reported as a valuation allowance. Serviced loans sold to others are not third March 31, 2022 December 31, 2021, March 31, 2022 December 31, 2021, The following table presents an analysis of the activity in the SBA servicing assets for the three March 31, 2022 2021: (In thousands) Three Months Ended March 31, 2022 2021 Beginning balance $ 584 $ 316 Servicing rights capitalized 52 17 Servicing rights amortized (8 ) (6 ) Servicing rights disposed (2 ) - Ending balance $ 626 $ 327 |
Note 6 - Business Combination,
Note 6 - Business Combination, Goodwill and Other Intangible Assets | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 6. Business Combination, Goodwill and Other Intangible Assets The Company completed its acquisition of Prime Bank in May 2018, May 10, 2019. December 2020, 2020. no March 31, 2022. Goodwill is evaluated for impairment annually, in the fourth not The Company did not first 2022 no Merger and acquisition with American Challenger On November 15, 2021, January 26, 2022 February 28, 2022 ( two The pending acquisition is subject to several material conditions including obtaining regulatory and shareholder approval. |
Note 7 - Deposits
Note 7 - Deposits | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 7. Deposits The following table presents the balance of deposits held, by category as of March 31, 2022 December 31, 2021. (In thousands) March 31, 2022 December 31, 2021 Non-interest bearing $ 237,825 $ 226,713 Interest bearing: Negotiable order of withdrawal accounts 42,272 34,741 Savings 105,871 109,744 Money market 146,819 164,518 Certificates of deposit, less than $250,000 158,625 142,246 Certificates of deposit, $250,000 or greater 53,513 53,584 Brokered deposits 34,924 17,016 Interest bearing, Total 542,024 521,849 Total Deposits $ 779,849 $ 748,562 On July 22, 2020, March 31, 2022 December 31, 2021, As of March 31, 2022, (In thousands) CDs less than $250,000 CDs $250,000 or greater Brokered Deposits Total 1 year or less $ 96,349 $ 41,582 $ 1,498 $ 139,429 More than 1 year through 2 years 39,836 8,668 28,320 76,824 More than 2 years through 3 years 8,710 2,503 5,106 16,319 More than 3 years through 4 years 3,936 760 - 4,696 More than 4 years through 5 years 9,794 - - 9,794 $ 158,625 $ 53,513 $ 34,924 $ 247,062 |
Note 8 - Derivatives
Note 8 - Derivatives | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 8. Derivatives Derivatives Not Patriot is a party to four interest rate swaps derivatives that are not third not Patriot entered two initial interest rate swaps under the program in November 2018, May 2019. March 31, 2022 December 31, 2021, The Company did not three March 31, 2022 2021. Derivatives Designated in Hedge Relationships Interest rate swaps allow the Company to change the fixed or variable nature of an interest rate without the exchange of the underlying notional amount. In April 2021, 1 1 April 29, 2021. August 2021, The Company assesses the effectiveness of each hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged item or transaction. The Company does not Information about the valuation methods used to measure the fair value of derivatives is provided in Note 13 The following table presents summary information regarding these derivatives for the periods presented (dollars in thousands): (In thousands) Notional Amount Maturity (Years) Fixed Rate Variable Rate Fair Value March 31, 2022 Classified in Other Assets: Customer interest rate swap $ 4,816 7.1 5.25 % 1 Mo. LIBOR + 1.96% $ 318 Customer interest rate swap 1,389 7.3 4.38 % 1 Mo. LIBOR + 2.00% 15 Classified in Other Liabilities: 3rd party interest rate swap $ 4,816 7.1 5.25 % 1 Mo. LIBOR + 1.96% $ (318 ) 3rd party interest rate swap 1,389 7.3 4.38 % 1 Mo. LIBOR + 2.00% (15 ) December 31, 2021 Classified in Other Assets: Customer interest rate swap $ 4,843 7.3 5.25 % 1 Mo. LIBOR + 1.96% $ 638 Customer interest rate swap 1,398 7.5 4.38 % 1 Mo. LIBOR + 2.00% 100 Classified in Other Liabilities: 3rd party interest rate swap $ 4,843 7.3 5.25 % 1 Mo. LIBOR + 1.96% $ (638 ) 3rd party interest rate swap 1,398 7.5 4.38 % 1 Mo. LIBOR + 2.00% (100 ) |
Note 9 - Share-based Compensati
Note 9 - Share-based Compensation and Employee Benefit Plan | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | Note 9. Share-Based Compensation and Employee Benefit Plan In 2011, 2012 “2012 2012 2020 2020 “2020 2020 10.1 No. 1 10 December 31, 2020 April 30, 2021. 2020 The 2020 March 31, 2022, may three four five The following is a summary of the status of the Company’s restricted shares and changes for the three March 31, 2022 2021: Three months ended March 31, 2022: Number of Shares Awarded Weighted Average Grant Date Fair Value Unvested at December 31, 2021 21,468 $ 6.48 Unvested at March 31, 2022 21,468 $ 6.48 Three months ended March 31, 2021: Unvested at December 31, 2020 18,498 $ 7.29 Vested (700 ) $ 17.85 Unvested at March 31, 2021 17,798 $ 6.88 The Company recognizes compensation expense for all director and employee share-based compensation awards on a straight-line basis over the requisite service period, which is equal to the vesting schedule of each award, for each vesting portion of an award equal to its grant date fair value. For the three March 31, 2022, For the three March 31, 2021, Unrecognized compensation expense attributable to the unvested restricted shares outstanding as of March 31, 2022 Dividends The Company has not 2020 Retirement Plan The Company offers a 401K “401K” may 401K, three March 31, 2022 2021, 401K |
Note 10 - Earnings Per Share
Note 10 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 10. Earnings per share The Company is required to present basic earnings per share and diluted earnings per share in its Consolidated Statements of Operations. Basic earnings per share amounts are computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per share reflects additional common shares that would have been outstanding if potentially dilutive common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may The following table summarizes the computation of basic and diluted earnings per share for the three March 31, 2022 2021: (Net income in thousands) Three Months Ended March 31, 2022 2021 Basis earnings per share: Net income attributable to Common shareholders $ 800 $ 854 Divided by: Weighted average shares outstanding 3,956,492 3,943,580 Basic earnings per common share $ 0.20 $ 0.22 Diluted earnings per share: Net income attributable to Common shareholders $ 800 $ 854 Weighted average shares outstanding 3,956,492 3,943,580 Effect of potentially dilutive restricted common shares 9,510 1,540 Divided by: Weighted average diluted shares outstanding 3,966,002 3,945,120 Diluted earnings per common share $ 0.20 $ 0.22 |
Note 11 - Financial Instruments
Note 11 - Financial Instruments With Off-balance Sheet Risk | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | Note 11. Financial Instruments with Off-Balance Sheet Risk In the normal course of business, Patriot is a party to financial instruments with off-balance-sheet risk to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit and involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the balance sheet. The contractual amounts of these instruments reflect the extent of involvement Patriot has in particular classes of financial instruments. The contractual amount of commitments to extend credit and standby letters of credit represents the maximum amount of potential accounting loss should: the contract be fully drawn upon; the customer default; and the value of any existing collateral become worthless. Patriot applies its credit policies to entering commitments and conditional obligations and, as with its lending activates, evaluates each customer’s creditworthiness on a case-by-case basis. Management believes that it effectively mitigates the credit risk of these financial instruments through its credit approval processes, establishing credit limits, monitoring the on-going creditworthiness of recipients and grantees, and the receipt of collateral as deemed necessary. Financial instruments with credit risk at March 31, 2022 December 31, 2021 (In thousands) March 31, 2022 December 31, 2021 Commitments to extend credit: Unused lines of credit $ 76,691 $ 68,341 Undisbursed construction loans 16,314 18,594 Home equity lines of credit 16,520 16,396 Future loan commitments 41,427 23,486 Financial standby letters of credit 164 164 $ 151,116 $ 126,981 Commitments to extend credit are agreements to lend to a customer as long as there is no may not may March 31, 2022 December 31, 2021, Standby letters of credit are written commitments issued by Patriot to guarantee the performance of a customer to a third not |
Note 12 - Regulatory and Operat
Note 12 - Regulatory and Operational Matters | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 12. Federal and state regulatory authorities have adopted standards requiring financial institutions to maintain increased levels of capital. Effective January 1, 2015, four 1 1 “CET1” 1 In September 2019, March 31, 2020 may 1 8% January 1, 2022. Capital adequacy is one not In September 2021, 1 March 31, 2022 December 31, 2021 9 The Bank’s Community Bank Leverage Ratio regulatory capital amounts and ratios at March 31, 2022 December 31, 2021 (In thousands) March 31, 2022 December 31, 2021 Patriot Bank, N.A. Amount Ratio Amount Ratio Tier 1 Leverage Capital (to average assets): Actual $ 95,094 9.94 % $ 93,923 9.86 % To be Well Capitalized 86,133 9.00 % (1) 85,773 9.00 % (1) ( 1 Leverage Capital Ratio greater than 9% Designation as "Well Capitalized" does not |
Note 13 - Fair Value and Intere
Note 13 - Fair Value and Interest Rate Risk | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 13. Fair Value and Interest Rate Risk Patriot measures the carrying value of certain financial assets and liabilities at fair value, as required by its policies as a financial institution and by US GAAP. The carrying values of certain assets and liabilities are measured at fair value on a recurring basis, such as available-for-sale securities; while other assets and liabilities are measured at fair value on a non-recurring basis due to external factors requiring management’s judgment to estimate potential losses of value resulting in asset impairments or the establishment of valuation reserves. Measuring assets and liabilities at fair value may Following is a detailed summary of the guidance provided by US GAAP regarding the application of fair value measurements and Patriot’s application thereof. Additionally, the following information includes detailed summaries of the effects fair value measurements have on the carrying amounts of asset and liabilities presented in the consolidated financial statements. The objective of fair value measurement is to value an asset that may may not The three Level 1 Unadjusted quoted market prices for identical assets or liabilities in active markets that the entity has the ability to access at the measurement date (such as active exchange-traded equity securities and certain U.S. and government agency debt securities). Level 2 Observable inputs other than quoted prices included in Level 1, - Quoted prices for similar assets or liabilities in active markets (such as U.S. agency and government sponsored mortgage-backed securities) - Quoted prices for identical or similar assets or liabilities in less active markets (such as certain U.S. and government agency debt securities, and corporate and municipal debt securities that trade infrequently) - Other inputs that are observable for substantially the full term of the asset or liability (i.e. interest rates, yield curves, prepayment speeds, default rates, etc.). Level 3 Valuation techniques that require unobservable inputs that are supported by little or no A description of the valuation methodologies used for assets and liabilities recorded at fair value, and for estimating fair value for financial and non-financial instruments not Cash and due from banks and accrued interest receivable and payable The carrying amount is a reasonable estimate of fair value and accordingly these are classified as Level 1. not Available-for-sale securities The fair value of securities available for sale (carried at fair value) are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1 2 3 Other Investments The Bank’s investment portfolio includes the Solomon Hess SBA Loan Fund, which is utilized by the Bank to satisfy its Community Reinvestment Act (“CRA”) lending requirements. As this fund operates as a private fund, shares in the fund are not may 60 March 31, 2022 December 31, 2021 Federal Reserve Bank Stock and Federal Home Loan Bank Stock Shares in the FRB and Federal Home Loan Bank (“FHLB”) are purchased and redeemed based upon their $100 par value. The stocks are non-marketable equity securities, and as such, are considered restricted securities that are carried at cost. Loans The fair value of loan portfolio is estimated by discounting the future cash flows using the rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. We estimate the fair value of our loan portfolio using an exit price notion resulting in prior periods no Loans Held for Sale The fair value of loans held for sale is estimated by using a market approach that includes prices for loans sold awaiting settlement and other observable inputs. The Company has determined that the inputs used to value the loans held for sale fall within Level 2 SBA Servicing Asset Servicing assets do not 3 Other Real Estate Owned The fair value of OREO the Bank may 2 3 not may Derivative asset (liability) - Interest Rate Swaps The Company’s derivative assets and liabilities consist of transactions as part of management’s strategy to manage interest rate risk. The valuation of interest rate swap agreements does not third 2 8 Deposits The fair value of demand deposits, regular savings and certain money market deposits is the amount payable on demand at the reporting date. The fair value of certificates of deposit and other time deposits is estimated using a discounted cash flow calculation that applies interest rates currently being offered for deposits of similar remaining maturities, estimated using local market data, to a schedule of aggregated expected maturities on such deposits. Patriot does not Senior Notes, Subordinated Notes, and Junior Subordinated Debt and Note Payable Patriot does not Patriot does not September 2018 Patriot does not The Company considers its own credit worthiness in determining the fair value of its Senior Notes, Subordinated Notes, Notes Payable and Junior Subordinated Debt. Federal Home Loan Bank Borrowings The fair value of FHLB advances is estimated using a discounted cash flow calculation that applies current FHLB interest rates for advances of similar maturity to a schedule of maturities of such advances. Patriot does not Off-balance sheet financial instruments Off-balance sheet financial instruments are based on interest rate changes and fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The off-balance-sheet financial instruments (i.e., commitments to extend credit) are insignificant and are not The following table provides a comparison of the carrying amounts and estimated fair values of Patriot’s financial assets and liabilities as of March 31, 2022 December 31, 2021: (In thousands) March 31, 2022 December 31, 2021 Fair Value Hierarchy Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial Assets: Cash and noninterest bearing balances due from banks Level 1 $ 9,026 $ 9,026 $ 3,264 $ 3,264 Interest-bearing deposits due from banks Level 1 35,290 35,290 43,781 43,781 Available-for-sale securities Level 2 72,023 72,023 81,161 81,161 Available-for-sale securities Level 3 11,237 11,237 13,180 13,180 Other investments Level 2 4,450 4,450 4,450 4,450 Federal Reserve Bank stock Level 2 2,869 2,869 2,843 2,843 Federal Home Loan Bank stock Level 2 4,184 4,184 4,184 4,184 Loans receivable, net Level 3 763,602 754,217 729,583 727,733 Loans held for sale Level 2 5,820 6,506 3,129 3,506 SBA servicing assets Level 3 626 660 584 617 Accrued interest receivable Level 2 5,596 5,596 5,822 5,822 Interest rate swap receivable Level 2 333 333 738 738 Financial assets, total $ 915,056 $ 906,391 $ 892,719 $ 891,279 Financial Liabilities: Demand deposits Level 2 $ 237,825 $ 237,825 $ 226,713 $ 226,713 Savings deposits Level 2 105,871 105,871 109,744 109,744 Money market deposits Level 2 146,819 146,819 164,518 164,518 NOW accounts Level 2 42,272 42,272 34,741 34,741 Time deposits Level 2 212,138 209,462 195,830 195,048 Brokered deposits Level 1 34,924 34,267 17,016 17,003 FHLB borrowings Level 2 90,000 91,087 90,000 93,643 Senior notes Level 2 12,000 12,002 12,000 12,045 Subordinated debt Level 2 9,818 9,758 9,811 9,947 Junior subordinated debt owed to unconsolidated trust Level 2 8,121 8,121 8,119 8,119 Note payable Level 3 740 706 791 775 Accrued interest payable Level 2 680 680 343 343 Interest rate swap liability Level 2 333 333 738 738 Financial liabilities, total $ 901,541 $ 899,203 $ 870,364 $ 873,377 The carrying amount of cash and noninterest bearing balances due from banks, interest-bearing deposits due from banks, and demand deposits approximates fair value, due to the short-term nature and high turnover of these balances. These amounts are included in the table above for informational purposes. In the normal course of its operations, Patriot assumes interest rate risk (i.e., the risk that general interest rate levels will fluctuate). As a result, the fair value of the Patriot’s financial assets and liabilities are affected when interest market rates change, which change may The following tables detail the financial assets measured at fair value on a recurring basis and the valuation techniques utilized relative to the fair value hierarchy, as of March 31, 2022 December 31, 2021: (In thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total March 31, 2022 U. S. Government agency and mortgage-backed securities $ - $ 59,890 $ - $ 59,890 Corporate bonds - 3,495 11,237 14,732 Subordinated notes - 3,069 - 3,069 SBA loan pools - 5,055 - 5,055 Municipal bonds - 514 - 514 Available-for-sale securities $ - $ 72,023 $ 11,237 $ 83,260 Interest rate swap receivable $ - $ 333 $ - $ 333 Interest rate swap liability $ - $ 333 $ - $ 333 December 31, 2021: U. S. Government agency and mortgage-backed securities $ - $ 66,629 $ - $ 66,629 Corporate bonds - 3,741 13,180 16,921 Subordinated notes - 4,626 - 4,626 SBA loan pools - 5,603 - 5,603 Municipal bonds - 562 - 562 Available-for-sale securities $ - $ 81,161 $ 13,180 $ 94,341 Interest rate swap receivable $ - $ 738 $ - $ 738 Interest rate swap liability $ - $ 738 $ - $ 738 Patriot measures certain financial assets and financial liabilities at fair value on a non-recurring basis. When circumstances dictate (e.g., impairment of long-lived assets, other than temporary impairment of collateral value), the carrying values of such financial assets and financial liabilities are adjusted to fair value or fair value less costs to sell, as may As of March 31, 2022 December 31, 2021, four 3 three March 31, 2022 2021, no 1, 2 3. The reconciliation of the beginning and ending balances during 2022 3 (In thousands) Three Months Ended March 31, 2022 Level 3 fair value, beginning of year $ 13,180 Purchases - Realized gain (loss) - Unrealized loss (1,943 ) Transfers in and /or out of Level 3 - Level 3 fair value, end of year $ 11,237 The table below presents the valuation methodology and unobservable inputs for level 3 March 31, 2022 December 31, 2021: (In thousands) Fair Value Valuation Methodology Unobservable Inputs Range of Inputs March 31, 2022: Impaired loans, net $ 20,939 Real Estate Appraisals Discount for appraisal type 5.8% - 20% SBA servicing assets 660 Discounted Cash Flows Market discount rates 14.73% - 14.90% December 31, 2021: Impaired loans, net $ 20,920 Real Estate Appraisals Discount for appraisal type 5.8% - 20% SBA servicing assets 617 Discounted Cash Flows Market discount rates 14.73% - 14.90% Patriot discloses fair value information about financial instruments, whether or not not The estimated fair value amounts have been measured as of March 31, 2022 December 31, 2021, not may The information presented should not may not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Standards New Accounting Standards Adopted in 2022 There were no December 31, 2021. Accounting Standards Issued But Not ASU 2016 13 In June 2016, 2016 13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments not 2016 13 2016 13 December 15, 2019, December 15, 2018. November 2019, 2019 10, 326 December 31, 2022, ASU Update 2020 02 In January 2020, No. 2020 02, Financial Instruments - Credit Losses (Topic 326 842 No. 119 No. 2016 02, 842 No. 119, 2016 13 ASU Update 2020 03 In March 2020, No. 2020 03, Codification Improvements to Financial Instruments. 2016. 2016 13 not 2016 13. not 2016 13. 2016 13 ASU 2022 02 In March 2022, No. 2022 02, "Financial Instruments Credit Losses (Topic 326 2022 02 326, 310 40, 326 20, 2022 02 December 15, 2022, 2016 03, 2016 13 |
Note 3 - Available-for-sale S_2
Note 3 - Available-for-sale Securities (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Debt Securities, Available-for-Sale [Table Text Block] | (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value March 31, 2022: U. S. Government agency and mortgage-backed securities $ 65,864 $ - $ (5,974 ) $ 59,890 Corporate bonds 17,754 43 (3,065 ) 14,732 Subordinated notes 3,108 9 (48 ) 3,069 SBA loan pools 5,567 - (512 ) 5,055 Municipal bonds 562 - (48 ) 514 $ 92,855 $ 52 $ (9,647 ) $ 83,260 December 31, 2021: U. S. Government agency and mortgage-backed securities $ 67,850 $ 24 $ (1,245 ) $ 66,629 Corporate bonds 17,754 118 (951 ) 16,921 Subordinated notes 4,608 35 (17 ) 4,626 SBA loan pools 5,772 - (169 ) 5,603 Municipal bonds 563 1 (2 ) 562 $ 96,547 $ 178 $ (2,384 ) $ 94,341 |
Schedule of Unrealized Loss on Investments [Table Text Block] | (In thousands) Less than 12 Months 12 Months or More Total Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) March 31, 2022: U. S. Government agency and mortgage-backed securities $ 52,958 $ (5,216 ) $ 6,932 $ (758 ) $ 59,890 $ (5,974 ) Corporate bonds 12,931 (3,065 ) - - 12,931 (3,065 ) Subordinated notes 2,059 (48 ) - - 2,059 (48 ) SBA loan pools 2,450 (246 ) 2,605 (266 ) 5,055 (512 ) Municipal bonds 515 (48 ) - - 515 (48 ) $ 70,913 $ (8,623 ) $ 9,537 $ (1,024 ) $ 80,450 $ (9,647 ) December 31, 2021: U. S. Government agency and mortgage-backed securities $ 60,606 $ (1,196 ) $ 1,610 $ (49 ) $ 62,216 $ (1,245 ) Corporate bonds 15,042 (951 ) - - 15,042 (951 ) Subordinated notes - - 1,092 (17 ) 1,092 (17 ) SBA loan pools 5,603 (169 ) - - 5,603 (169 ) Municipal bonds 406 (2 ) - - 406 (2 ) $ 81,657 $ (2,318 ) $ 2,702 $ (66 ) $ 84,359 $ (2,384 ) |
Investments Classified by Contractual Maturity Date [Table Text Block] | (In thousands) Amortized Cost Fair Value Due Within 5 years Due After 5 years through 10 years Due After 10 years Total Due Within 5 years Due After 5 years through 10 years Due After 10 years Total March 31, 2022: Corporate bonds $ 17,754 $ - $ - $ 17,754 $ 14,732 $ - $ - $ 14,732 Subordinated notes - 3,108 - 3,108 - 3,069 - 3,069 SBA loan pools - - 5,567 5,567 - - 5,055 5,055 Municipal bonds - 562 - 562 - 514 - 514 Available-for-sale securities with stated maturity dates 17,754 3,670 5,567 26,991 14,732 3,583 5,055 23,370 U. S. Government agency and mortgage-backed securities 9,986 - 55,878 65,864 9,024 - 50,866 59,890 $ 27,740 $ 3,670 $ 61,445 $ 92,855 $ 23,756 $ 3,583 $ 55,921 $ 83,260 December 31, 2021: Corporate bonds $ 17,754 $ - $ - $ 17,754 $ 16,921 $ - $ - $ 16,921 Subordinated notes - 4,608 - 4,608 - 4,626 - 4,626 SBA loan pools - - 5,772 5,772 - - 5,603 5,603 Municipal bonds - 563 - 563 - 562 - 562 Available-for-sale securities with stated maturity dates 17,754 5,171 5,772 28,697 16,921 5,188 5,603 27,712 U. S. Government agency and mortgage-backed securities 13,876 - 53,974 67,850 13,835 - 52,794 66,629 $ 31,630 $ 5,171 $ 59,746 $ 96,547 $ 30,756 $ 5,188 $ 58,397 $ 94,341 |
Note 4 - Loan Receivables and_2
Note 4 - Loan Receivables and Allowance for Loan and Lease Losses (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, (In thousands) 2022 2021 Loan portfolio segment: Commercial Real Estate $ 413,104 $ 365,247 Residential Real Estate 146,221 158,591 Commercial and Industrial 128,515 122,810 Consumer and Other 71,219 59,364 Construction 12,223 21,781 Construction to Permanent - CRE 2,057 11,695 Loans receivable, gross 773,339 739,488 Allowance for loan and lease losses (9,737 ) (9,905 ) Loans receivable, net $ 763,602 $ 729,583 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | (In thousands) Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Unallocated Total Three months ended March 31, 2022 Allowance for loan and lease losses: December 31, 2021 $ 5,063 $ 1,700 $ 2,532 $ 253 $ 78 $ 41 $ 238 $ 9,905 Charge-offs - - (68 ) (47 ) (70 ) - - (185 ) Recoveries - 1 15 1 - - - 17 Provisions (credits) (174 ) (189 ) 381 112 48 (32 ) (146 ) - March 31, 2022 $ 4,889 $ 1,512 $ 2,860 $ 319 $ 56 $ 9 $ 92 $ 9,737 Three months ended March 31, 2021 Allowance for loan and lease losses: December 31, 2020 $ 4,485 $ 1,379 $ 3,284 $ 295 $ 739 $ 162 $ 240 $ 10,584 Charge-offs (42 ) (3 ) (209 ) (18 ) - - - (272 ) Recoveries - - 12 102 - - - 114 Provisions (credits) (289 ) 533 537 3 (459 ) (85 ) (240 ) - March 31, 2021 $ 4,154 $ 1,909 $ 3,624 $ 382 $ 280 $ 77 $ - $ 10,426 (In thousands) Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Unallocated Total March 31, 2022 Allowance for loan and lease losses: Individually evaluated for impairment $ 1,752 $ 3 $ 954 $ - $ - $ - $ - $ 2,709 Collectively evaluated for impairment 3,137 1,509 1,906 319 56 9 92 7,028 Total allowance for loan and lease losses $ 4,889 $ 1,512 $ 2,860 $ 319 $ 56 $ 9 $ 92 $ 9,737 Loans receivable, gross: Individually evaluated for impairment $ 15,643 $ 2,940 $ 4,544 $ 521 $ - $ - $ - $ 23,648 Collectively evaluated for impairment 397,461 143,281 123,971 70,698 12,223 2,057 - 749,691 Total loans receivable, gross $ 413,104 $ 146,221 $ 128,515 $ 71,219 $ 12,223 $ 2,057 $ - $ 773,339 (In thousands) Commercial Real Estate Residential Real Estate Commercial and Industrial Consumer and Other Construction Construction to Permanent - CRE Unallocated Total December 31, 2021 Allowance for loan and lease losses: Individually evaluated for impairment $ 1,567 $ 3 $ 722 $ - $ - $ - $ - $ 2,292 Collectively evaluated for impairment 3,496 1,697 1,810 253 78 41 238 7,613 Total allowance for loan losses $ 5,063 $ 1,700 $ 2,532 $ 253 $ 78 $ 41 $ 238 $ 9,905 Loans receivable, gross: Individually evaluated for impairment $ 15,704 $ 2,954 $ 4,031 $ 523 $ - $ - $ - $ 23,212 Collectively evaluated for impairment 349,543 155,637 118,779 58,841 21,781 11,695 - 716,276 Total loans receivable, gross $ 365,247 $ 158,591 $ 122,810 $ 59,364 $ 21,781 $ 11,695 $ - $ 739,488 |
Financing Receivable, Past Due [Table Text Block] | (In thousands) Performing (Accruing) Loans As of March 31, 2022: 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or Greater Past Due Total Past Due Current Total Performing Loans Non- accruing Loans Loans Receivable Gross Loan portfolio segment: Commercial Real Estate: Pass $ 849 $ - $ - $ 849 $ 373,639 $ 374,488 $ - $ 374,488 Special mention - - - - 20,384 20,384 - 20,384 Substandard 339 - - 339 2,250 2,589 15,643 18,232 1,188 - - 1,188 396,273 397,461 15,643 413,104 Residential Real Estate: Pass - - - - 141,695 141,695 - 141,695 Substandard - - - - 1,392 1,392 3,134 4,526 - - - - 143,087 143,087 3,134 146,221 Commercial and Industrial: Pass 997 - - 997 119,292 120,289 - 120,289 Special mention - - - - 1,435 1,435 - 1,435 Substandard 573 - - 573 1,674 2,247 4,544 6,791 1,570 - - 1,570 122,401 123,971 4,544 128,515 Consumer and Other: Pass - - - - 71,051 71,051 - 71,051 Substandard - - - - 23 23 145 168 - - - - 71,074 71,074 145 71,219 Construction: Pass - - - - 12,223 12,223 - 12,223 - - - - 12,223 12,223 - 12,223 Construction to Permanent - CRE: Pass - - - - 2,057 2,057 - 2,057 - - - - 2,057 2,057 - 2,057 Total $ 2,758 $ - $ - $ 2,758 $ 747,115 $ 749,873 $ 23,466 $ 773,339 Loans receivable, gross: Pass $ 1,846 $ - $ - $ 1,846 $ 719,957 $ 721,803 $ - $ 721,803 Special mention - - - - 21,819 21,819 - 21,819 Substandard 912 - - 912 5,339 6,251 23,466 29,717 Loans receivable, gross $ 2,758 $ - $ - $ 2,758 $ 747,115 $ 749,873 $ 23,466 $ 773,339 (In thousands) Performing (Accruing) Loans As of December 31, 2021: 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or Greater Past Due Total Past Due Current Total Performing Loans Non- accruing Loans Loans Receivable Gross Loan portfolio segment: Commercial Real Estate: Pass $ 696 $ - $ - $ 696 $ 324,858 $ 325,554 $ - $ 325,554 Special mention - - - - 16,625 16,625 - 16,625 Substandard - - - - 7,364 7,364 15,704 23,068 696 - - 696 348,847 349,543 15,704 365,247 Residential Real Estate: Pass - - - - 154,044 154,044 - 154,044 Special mention - - - - 1,399 1,399 - 1,399 Substandard - - - - - - 3,148 3,148 - - - - 155,443 155,443 3,148 158,591 Commercial and Industrial: Pass 243 - - 243 114,306 114,549 - 114,549 Special mention - - - - 1,951 1,951 - 1,951 Substandard - - - - 2,209 2,209 4,101 6,310 243 - - 243 118,466 118,709 4,101 122,810 Consumer and Other: Pass - 26 2 28 59,171 59,199 - 59,199 Substandard - - - - 23 23 142 165 - 26 2 28 59,194 59,222 142 59,364 Construction: Pass - - - - 21,781 21,781 - 21,781 - - - - 21,781 21,781 - 21,781 Construction to Permanent - CRE: Pass - - - - 11,695 11,695 - 11,695 - - - - 11,695 11,695 - 11,695 Total $ 939 $ 26 $ 2 $ 967 $ 715,426 $ 716,393 $ 23,095 $ 739,488 Loans receivable, gross: Pass $ 939 $ 26 $ 2 $ 967 $ 685,855 $ 686,822 $ - $ 686,822 Special mention - - - - 19,975 19,975 - 19,975 Substandard - - - - 9,596 9,596 23,095 32,691 Loans receivable, gross $ 939 $ 26 $ 2 $ 967 $ 715,426 $ 716,393 $ 23,095 $ 739,488 |
Financing Receivable, Nonaccrual [Table Text Block] | (In thousands) Non-accruing Loans 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or Greater Past Due Total Past Due Current Total Non-accruing Loans As of March 31, 2022: Loan portfolio segment: Commercial Real Estate: Substandard $ - $ - $ 6,787 $ 6,787 $ 8,856 $ 15,643 Residential Real Estate: Substandard 696 - 2,419 3,115 19 3,134 Commercial and Industrial: Substandard - 118 3,292 3,410 1,134 4,544 Consumer and Other: Substandard - - 121 121 24 145 Total non-accruing loans $ 696 $ 118 $ 12,619 $ 13,433 $ 10,033 $ 23,466 As of December 31, 2021: Loan portfolio segment: Commercial Real Estate: Substandard $ - $ - $ 15,704 $ 15,704 $ - $ 15,704 Residential Real Estate: Substandard - - 2,419 2,419 729 3,148 Commercial and Industrial: Substandard - 491 2,458 2,949 1,152 4,101 Consumer and Other: Substandard - 94 28 122 20 142 Total non-accruing loans $ - $ 585 $ 20,609 $ 21,194 $ 1,901 $ 23,095 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | (In thousands) March 31, 2022 December 31, 2021 Loan portfolio segment: Number of Loans Recorded Investment Number of Loans Recorded Investment Commercial Real Estate 1 $ 8,856 1 $ 8,884 Residential Real Estate 3 856 3 870 Consumer and Other 3 637 3 640 Total TDR Loans 7 10,349 7 10,394 Less: TDRs included in non-accrual loans 3 (9,646 ) 3 (9,688 ) Total accrual TDR Loans 4 $ 703 4 $ 706 |
Impaired Financing Receivables [Table Text Block] | (In thousands) March 31, 2022 December 31, 2021 Recorded Investment Principal Outstanding Related Allowance Recorded Investment Principal Outstanding Related Allowance With no related allowance recorded: Commercial Real Estate $ 6,787 $ 7,765 $ - $ 6,820 $ 7,776 $ - Residential Real Estate 2,834 2,758 - 2,847 2,763 - Commercial and Industrial 612 743 - 630 758 - Consumer and Other 521 521 - 523 523 - 10,754 11,787 - 10,820 11,820 - With a related allowance recorded: Commercial Real Estate $ 8,856 $ 8,805 $ 1,752 8,884 8,811 1,567 Residential Real Estate 3,932 4,592 954 461 488 8 Commercial and Industrial 460 486 7 3,471 3,916 723 Consumer and Other 167 201 2 166 201 1 13,415 14,084 2,715 12,982 13,416 2,299 Impaired Loans, Total: Commercial Real Estate 15,643 16,570 1,752 15,704 16,587 1,567 Residential Real Estate 6,766 7,350 954 3,308 3,251 8 Commercial and Industrial 1,072 1,229 7 4,101 4,674 723 Consumer and Other 688 722 2 689 724 1 Impaired Loans, Total $ 24,169 $ 25,871 $ 2,715 $ 23,802 $ 25,236 $ 2,299 Three Months Ended March 31, (In thousands) 2022 2021 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial Real Estate $ 6,806 $ 32 $ 6,078 $ - Residential Real Estate 2,840 8 4,248 13 Commercial and Industrial 621 4 2,745 46 Consumer and Other 522 4 945 6 10,789 48 14,016 65 With a related allowance recorded: Commercial Real Estate 8,873 25 8,813 - Residential Real Estate 1,328 21 190 3 Commercial and Industrial 2,738 2 462 26 Consumer and Other 165 1 47 2 13,104 49 9,512 31 Impaired Loans, Total: Commercial Real Estate 15,679 57 14,891 - Residential Real Estate 4,168 29 4,438 16 Commercial and Industrial 3,359 6 3,207 72 Consumer and Other 687 5 992 8 Impaired Loans, Total $ 23,893 $ 97 $ 23,528 $ 96 |
Note 5 - Loans Held for Sale (T
Note 5 - Loans Held for Sale (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Servicing Asset at Amortized Cost [Table Text Block] | (In thousands) Three Months Ended March 31, 2022 2021 Beginning balance $ 584 $ 316 Servicing rights capitalized 52 17 Servicing rights amortized (8 ) (6 ) Servicing rights disposed (2 ) - Ending balance $ 626 $ 327 |
Note 7 - Deposits (Tables)
Note 7 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | (In thousands) March 31, 2022 December 31, 2021 Non-interest bearing $ 237,825 $ 226,713 Interest bearing: Negotiable order of withdrawal accounts 42,272 34,741 Savings 105,871 109,744 Money market 146,819 164,518 Certificates of deposit, less than $250,000 158,625 142,246 Certificates of deposit, $250,000 or greater 53,513 53,584 Brokered deposits 34,924 17,016 Interest bearing, Total 542,024 521,849 Total Deposits $ 779,849 $ 748,562 |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | (In thousands) CDs less than $250,000 CDs $250,000 or greater Brokered Deposits Total 1 year or less $ 96,349 $ 41,582 $ 1,498 $ 139,429 More than 1 year through 2 years 39,836 8,668 28,320 76,824 More than 2 years through 3 years 8,710 2,503 5,106 16,319 More than 3 years through 4 years 3,936 760 - 4,696 More than 4 years through 5 years 9,794 - - 9,794 $ 158,625 $ 53,513 $ 34,924 $ 247,062 |
Note 8 - Derivatives (Tables)
Note 8 - Derivatives (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | (In thousands) Notional Amount Maturity (Years) Fixed Rate Variable Rate Fair Value March 31, 2022 Classified in Other Assets: Customer interest rate swap $ 4,816 7.1 5.25 % 1 Mo. LIBOR + 1.96% $ 318 Customer interest rate swap 1,389 7.3 4.38 % 1 Mo. LIBOR + 2.00% 15 Classified in Other Liabilities: 3rd party interest rate swap $ 4,816 7.1 5.25 % 1 Mo. LIBOR + 1.96% $ (318 ) 3rd party interest rate swap 1,389 7.3 4.38 % 1 Mo. LIBOR + 2.00% (15 ) December 31, 2021 Classified in Other Assets: Customer interest rate swap $ 4,843 7.3 5.25 % 1 Mo. LIBOR + 1.96% $ 638 Customer interest rate swap 1,398 7.5 4.38 % 1 Mo. LIBOR + 2.00% 100 Classified in Other Liabilities: 3rd party interest rate swap $ 4,843 7.3 5.25 % 1 Mo. LIBOR + 1.96% $ (638 ) 3rd party interest rate swap 1,398 7.5 4.38 % 1 Mo. LIBOR + 2.00% (100 ) |
Note 9 - Share-based Compensa_2
Note 9 - Share-based Compensation and Employee Benefit Plan (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Three months ended March 31, 2022: Number of Shares Awarded Weighted Average Grant Date Fair Value Unvested at December 31, 2021 21,468 $ 6.48 Unvested at March 31, 2022 21,468 $ 6.48 Three months ended March 31, 2021: Unvested at December 31, 2020 18,498 $ 7.29 Vested (700 ) $ 17.85 Unvested at March 31, 2021 17,798 $ 6.88 |
Note 10 - Earnings Per Share (T
Note 10 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | (Net income in thousands) Three Months Ended March 31, 2022 2021 Basis earnings per share: Net income attributable to Common shareholders $ 800 $ 854 Divided by: Weighted average shares outstanding 3,956,492 3,943,580 Basic earnings per common share $ 0.20 $ 0.22 Diluted earnings per share: Net income attributable to Common shareholders $ 800 $ 854 Weighted average shares outstanding 3,956,492 3,943,580 Effect of potentially dilutive restricted common shares 9,510 1,540 Divided by: Weighted average diluted shares outstanding 3,966,002 3,945,120 Diluted earnings per common share $ 0.20 $ 0.22 |
Note 11 - Financial Instrumen_2
Note 11 - Financial Instruments With Off-balance Sheet Risk (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Commitment to Extended Credit [Table Text Block] | (In thousands) March 31, 2022 December 31, 2021 Commitments to extend credit: Unused lines of credit $ 76,691 $ 68,341 Undisbursed construction loans 16,314 18,594 Home equity lines of credit 16,520 16,396 Future loan commitments 41,427 23,486 Financial standby letters of credit 164 164 $ 151,116 $ 126,981 |
Note 12 - Regulatory and Oper_2
Note 12 - Regulatory and Operational Matters (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | (In thousands) March 31, 2022 December 31, 2021 Patriot Bank, N.A. Amount Ratio Amount Ratio Tier 1 Leverage Capital (to average assets): Actual $ 95,094 9.94 % $ 93,923 9.86 % To be Well Capitalized 86,133 9.00 % (1) 85,773 9.00 % (1) |
Note 13 - Fair Value and Inte_2
Note 13 - Fair Value and Interest Rate Risk (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (In thousands) March 31, 2022 December 31, 2021 Fair Value Hierarchy Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial Assets: Cash and noninterest bearing balances due from banks Level 1 $ 9,026 $ 9,026 $ 3,264 $ 3,264 Interest-bearing deposits due from banks Level 1 35,290 35,290 43,781 43,781 Available-for-sale securities Level 2 72,023 72,023 81,161 81,161 Available-for-sale securities Level 3 11,237 11,237 13,180 13,180 Other investments Level 2 4,450 4,450 4,450 4,450 Federal Reserve Bank stock Level 2 2,869 2,869 2,843 2,843 Federal Home Loan Bank stock Level 2 4,184 4,184 4,184 4,184 Loans receivable, net Level 3 763,602 754,217 729,583 727,733 Loans held for sale Level 2 5,820 6,506 3,129 3,506 SBA servicing assets Level 3 626 660 584 617 Accrued interest receivable Level 2 5,596 5,596 5,822 5,822 Interest rate swap receivable Level 2 333 333 738 738 Financial assets, total $ 915,056 $ 906,391 $ 892,719 $ 891,279 Financial Liabilities: Demand deposits Level 2 $ 237,825 $ 237,825 $ 226,713 $ 226,713 Savings deposits Level 2 105,871 105,871 109,744 109,744 Money market deposits Level 2 146,819 146,819 164,518 164,518 NOW accounts Level 2 42,272 42,272 34,741 34,741 Time deposits Level 2 212,138 209,462 195,830 195,048 Brokered deposits Level 1 34,924 34,267 17,016 17,003 FHLB borrowings Level 2 90,000 91,087 90,000 93,643 Senior notes Level 2 12,000 12,002 12,000 12,045 Subordinated debt Level 2 9,818 9,758 9,811 9,947 Junior subordinated debt owed to unconsolidated trust Level 2 8,121 8,121 8,119 8,119 Note payable Level 3 740 706 791 775 Accrued interest payable Level 2 680 680 343 343 Interest rate swap liability Level 2 333 333 738 738 Financial liabilities, total $ 901,541 $ 899,203 $ 870,364 $ 873,377 |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | (In thousands) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total March 31, 2022 U. S. Government agency and mortgage-backed securities $ - $ 59,890 $ - $ 59,890 Corporate bonds - 3,495 11,237 14,732 Subordinated notes - 3,069 - 3,069 SBA loan pools - 5,055 - 5,055 Municipal bonds - 514 - 514 Available-for-sale securities $ - $ 72,023 $ 11,237 $ 83,260 Interest rate swap receivable $ - $ 333 $ - $ 333 Interest rate swap liability $ - $ 333 $ - $ 333 December 31, 2021: U. S. Government agency and mortgage-backed securities $ - $ 66,629 $ - $ 66,629 Corporate bonds - 3,741 13,180 16,921 Subordinated notes - 4,626 - 4,626 SBA loan pools - 5,603 - 5,603 Municipal bonds - 562 - 562 Available-for-sale securities $ - $ 81,161 $ 13,180 $ 94,341 Interest rate swap receivable $ - $ 738 $ - $ 738 Interest rate swap liability $ - $ 738 $ - $ 738 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | (In thousands) Three Months Ended March 31, 2022 Level 3 fair value, beginning of year $ 13,180 Purchases - Realized gain (loss) - Unrealized loss (1,943 ) Transfers in and /or out of Level 3 - Level 3 fair value, end of year $ 11,237 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | (In thousands) Fair Value Valuation Methodology Unobservable Inputs Range of Inputs March 31, 2022: Impaired loans, net $ 20,939 Real Estate Appraisals Discount for appraisal type 5.8% - 20% SBA servicing assets 660 Discounted Cash Flows Market discount rates 14.73% - 14.90% December 31, 2021: Impaired loans, net $ 20,920 Real Estate Appraisals Discount for appraisal type 5.8% - 20% SBA servicing assets 617 Discounted Cash Flows Market discount rates 14.73% - 14.90% |
Note 3 - Available-for-sale S_3
Note 3 - Available-for-sale Securities (Details Textual) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Dec. 31, 2021USD ($) | |
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | 37 | 32 | |
Number of Available-for-sale Securities | 39 | 39 | |
Unrealized Holding Losses Depreciation Percentage from Amortized Cost | 10.70% | 2.70% | |
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 0 | ||
Payments to Acquire Debt Securities, Available-for-Sale | 1,000 | $ 13,901 | |
Proceeds from Sale of Debt Securities, Available-for-Sale | 0 | 0 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Payments to Acquire Debt Securities, Available-for-Sale | 1,000 | ||
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Payments to Acquire Debt Securities, Available-for-Sale | 10,900 | ||
SBA Loan Pools [Member] | |||
Payments to Acquire Debt Securities, Available-for-Sale | $ 3,000 | ||
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member] | |||
Debt Securities, Available-for-Sale, Restricted | $ 32,800 | $ 36,600 |
Note 3 - Available-for-sale S_4
Note 3 - Available-for-sale Securities - Investment Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Available-for-sale securities, amortized cost | $ 92,855 | $ 96,547 |
Available-for-sale securities, gross unrealized gains | 52 | 178 |
Available-for-sale securities, gross unrealized losses | (9,647) | (2,384) |
Available-for-sale securities | 83,260 | 94,341 |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities, amortized cost | 65,864 | 67,850 |
Available-for-sale securities, gross unrealized gains | 0 | 24 |
Available-for-sale securities, gross unrealized losses | (5,974) | (1,245) |
Available-for-sale securities | 59,890 | 66,629 |
Corporate Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 17,754 | 17,754 |
Available-for-sale securities, gross unrealized gains | 43 | 118 |
Available-for-sale securities, gross unrealized losses | (3,065) | (951) |
Available-for-sale securities | 14,732 | 16,921 |
Subordinated Notes [Member] | ||
Available-for-sale securities, amortized cost | 3,108 | 4,608 |
Available-for-sale securities, gross unrealized gains | 9 | 35 |
Available-for-sale securities, gross unrealized losses | (48) | (17) |
Available-for-sale securities | 3,069 | 4,626 |
SBA Loan Pools [Member] | ||
Available-for-sale securities, amortized cost | 5,567 | 5,772 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (512) | (169) |
Available-for-sale securities | 5,055 | 5,603 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 562 | 563 |
Available-for-sale securities, gross unrealized gains | 0 | 1 |
Available-for-sale securities, gross unrealized losses | (48) | (2) |
Available-for-sale securities | $ 514 | $ 562 |
Note 3 - Available-for-sale S_5
Note 3 - Available-for-sale Securities - Investment Securities in a Continuous Loss Position (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Available-for-sale securities in continuous loss position, less than 12 months, fair value | $ 70,913 | $ 81,657 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (8,623) | (2,318) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 9,537 | 2,702 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (1,024) | (66) |
Available-for-sale securities in continuous loss position, fair value | 80,450 | 84,359 |
Available-for-sale securities in continuous loss position, unrealized loss | (9,647) | (2,384) |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 52,958 | 60,606 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (5,216) | (1,196) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 6,932 | 1,610 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (758) | (49) |
Available-for-sale securities in continuous loss position, fair value | 59,890 | 62,216 |
Available-for-sale securities in continuous loss position, unrealized loss | (5,974) | (1,245) |
Corporate Debt Securities [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 12,931 | 15,042 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (3,065) | (951) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 0 | 0 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | 0 | 0 |
Available-for-sale securities in continuous loss position, fair value | 12,931 | 15,042 |
Available-for-sale securities in continuous loss position, unrealized loss | (3,065) | (951) |
Subordinated Notes [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 2,059 | 0 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (48) | 0 |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 0 | 1,092 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | 0 | (17) |
Available-for-sale securities in continuous loss position, fair value | 2,059 | 1,092 |
Available-for-sale securities in continuous loss position, unrealized loss | (48) | (17) |
SBA Loan Pools [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 2,450 | 5,603 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (246) | (169) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 2,605 | 0 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (266) | 0 |
Available-for-sale securities in continuous loss position, fair value | 5,055 | 5,603 |
Available-for-sale securities in continuous loss position, unrealized loss | (512) | (169) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 515 | 406 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (48) | (2) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 0 | 0 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | 0 | 0 |
Available-for-sale securities in continuous loss position, fair value | 515 | 406 |
Available-for-sale securities in continuous loss position, unrealized loss | $ (48) | $ (2) |
Note 3 - Available-for-sale S_6
Note 3 - Available-for-sale Securities - Investment Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Amortized cost, due within 5 years | $ 27,740 | $ 31,630 |
Amortized cost, due after 5 years through 10 years | 3,670 | 5,171 |
Amortized cost, due after 10 years | 61,445 | 59,746 |
Available-for-sale securities, amortized cost | 92,855 | 96,547 |
Fair value, due within 5 years | 23,756 | 30,756 |
Fair value, due after 5 years through 10 years | 3,583 | 5,188 |
Fair value, due after 10 years | 55,921 | 58,397 |
Fair value, total | 83,260 | 94,341 |
Corporate Debt Securities [Member] | ||
Amortized cost, due within 5 years | 17,754 | 17,754 |
Amortized cost, due after 5 years through 10 years | 0 | 0 |
Amortized cost, due after 10 years | 0 | 0 |
Available-for-sale securities, amortized cost | 17,754 | 17,754 |
Fair value, due within 5 years | 14,732 | 16,921 |
Fair value, due after 5 years through 10 years | 0 | 0 |
Fair value, due after 10 years | 0 | 0 |
Fair value, total | 14,732 | 16,921 |
Subordinated Notes [Member] | ||
Amortized cost, due within 5 years | 0 | 0 |
Amortized cost, due after 5 years through 10 years | 3,108 | 4,608 |
Amortized cost, due after 10 years | 0 | 0 |
Available-for-sale securities, amortized cost | 3,108 | 4,608 |
Fair value, due within 5 years | 0 | 0 |
Fair value, due after 5 years through 10 years | 3,069 | 4,626 |
Fair value, due after 10 years | 0 | 0 |
Fair value, total | 3,069 | 4,626 |
SBA Loan Pools [Member] | ||
Amortized cost, due within 5 years | 0 | 0 |
Amortized cost, due after 5 years through 10 years | 0 | 0 |
Amortized cost, due after 10 years | 5,567 | 5,772 |
Available-for-sale securities, amortized cost | 5,567 | 5,772 |
Fair value, due within 5 years | 0 | 0 |
Fair value, due after 5 years through 10 years | 0 | 0 |
Fair value, due after 10 years | 5,055 | 5,603 |
Fair value, total | 5,055 | 5,603 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost, due within 5 years | 0 | 0 |
Amortized cost, due after 5 years through 10 years | 562 | 563 |
Amortized cost, due after 10 years | 0 | 0 |
Available-for-sale securities, amortized cost | 562 | 563 |
Fair value, due within 5 years | 0 | 0 |
Fair value, due after 5 years through 10 years | 514 | 562 |
Fair value, due after 10 years | 0 | 0 |
Fair value, total | 514 | 562 |
Available-for-sale Securities with Single Maturity Dates [Member] | ||
Amortized cost, due within 5 years | 17,754 | 17,754 |
Amortized cost, due after 5 years through 10 years | 3,670 | 5,171 |
Amortized cost, due after 10 years | 5,567 | 5,772 |
Available-for-sale securities, amortized cost | 26,991 | 28,697 |
Fair value, due within 5 years | 14,732 | 16,921 |
Fair value, due after 5 years through 10 years | 3,583 | 5,188 |
Fair value, due after 10 years | 5,055 | 5,603 |
Fair value, total | 23,370 | 27,712 |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost, due within 5 years | 9,986 | 13,876 |
Amortized cost, due after 5 years through 10 years | 0 | 0 |
Amortized cost, due after 10 years | 55,878 | 53,974 |
Available-for-sale securities, amortized cost | 65,864 | 67,850 |
Fair value, due within 5 years | 9,024 | 13,835 |
Fair value, due after 5 years through 10 years | 0 | 0 |
Fair value, due after 10 years | 50,866 | 52,794 |
Fair value, total | $ 59,890 | $ 66,629 |
Note 4 - Loan Receivables and_3
Note 4 - Loan Receivables and Allowance for Loan and Lease Losses (Details Textual) | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Dec. 31, 2021USD ($) | Oct. 01, 2021 | Jan. 01, 2021 | Dec. 31, 2020 | |
Payments to Acquire Loans Receivable | $ 39,022,000 | $ 16,041,000 | ||||
Maximum Period of Credit Extension of Construction Loans (Month) | 18 months | |||||
Loans Receivable, Term to Reset to FHLB Rate (Year) | 5 years | |||||
Period for Charged Off of Open-End Credits (Day) | 180 days | |||||
Period for Charged Off of Close-End Credits (Day) | 120 days | |||||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 115,000 | $ 255,000 | ||||
Maximum Period for Charged Off of Consumer Installment Loans (Day) | 180 days | |||||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | ||||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | $ 0 | ||||
Number of Impaired Loans | 35 | 34 | ||||
Impaired Financing Receivable, Recorded Investment | $ 24,200,000 | |||||
Number of Impaired Loans, Individually Evaluated for Impairment | 25 | 23 | ||||
Financing Receivable, Individually Evaluated for Impairment | $ 23,600,000 | |||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | $ 2,700,000 | |||||
Number of Impaired Loans, Collectively Evaluated for Impairment | 10 | 11 | ||||
Financing Receivable, Collectively Evaluated for Impairment | $ 521,000 | $ 590,000 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | $ 6,000 | 7,000 | ||||
Impaired Financing Receivable, Non-Performing Loans, Discount to Appraisal Value, Percent | 5.80% | |||||
Impaired Financing Receivable, Non-Performing Loans, Discount of Appraisal Value, Selling Costs, Percent | 8.00% | |||||
SBA Loans [Member] | ||||||
Loans and Leases Receivable, Net Amount | $ 28,600,000 | 27,100,000 | ||||
Percentage of Principal Balance Guaranteed | 75.00% | 90.00% | 75.00% | |||
Transfer of Loans Held-for-sale to Portfolio Loans | 0 | $ 281,000 | ||||
SBA CARES Act Paycheck Protection Program [Member] | ||||||
Loans and Leases Receivable, Net Amount | 380,000 | 919,000 | ||||
Transfer of Loans Held-for-sale to Portfolio Loans | 0 | 281,000 | ||||
Syndicated and Leveraged Loans [Member] | ||||||
Loans and Leases Receivable, Net Amount | 20,800,000 | 19,600,000 | ||||
Non-Accrual Loans [Member] | ||||||
Impaired Financing Receivable, Interest Income, Cash Basis Method | $ 90,000 | 48,000 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Maximum Percentage of Credit Extension Based on Market Value of Collateral | 75.00% | |||||
Payments to Acquire Loans Receivable | $ 20,700,000 | 0 | ||||
Multi-family Real Estate [Member] | ||||||
Maximum Percentage of Credit Extension Based on Market Value of Collateral | 80.00% | |||||
Construction Portfolio Segment [Member] | ||||||
Percentage of Maximum Loan to Value | 75.00% | |||||
Residential Portfolio Segment [Member] | ||||||
Payments to Acquire Loans Receivable | $ 0 | $ 16,000,000 | ||||
Consumer Portfolio Segment [Member] | Education Loans [Member] | ||||||
Payments to Acquire Loans Receivable | $ 18,400,000 | $ 0 | ||||
Construction to Permanent Portfolio Segment [Member] | Minimum [Member] | ||||||
Loans Receivable, Term (Year) | 20 years | |||||
Construction to Permanent Portfolio Segment [Member] | Maximum [Member] | ||||||
Loans Receivable, Term (Year) | 25 years |
Note 4 - Loans Receivables and
Note 4 - Loans Receivables and Allowance for Loan and Lease Losses - Loan Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | Dec. 31, 2020 |
Loans receivable, gross | $ 773,339 | $ 739,488 | ||
Allowance for loan and lease losses | (9,737) | (9,905) | $ (10,426) | $ (10,584) |
Loans receivable, net | 763,602 | 729,583 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans receivable, gross | 413,104 | 365,247 | ||
Allowance for loan and lease losses | (4,889) | (5,063) | (4,154) | (4,485) |
Residential Portfolio Segment [Member] | ||||
Loans receivable, gross | 146,221 | 158,591 | ||
Allowance for loan and lease losses | (1,512) | (1,700) | (1,909) | (1,379) |
Commercial Portfolio Segment [Member] | ||||
Loans receivable, gross | 128,515 | 122,810 | ||
Allowance for loan and lease losses | (2,860) | (2,532) | (3,624) | (3,284) |
Consumer Portfolio Segment [Member] | ||||
Loans receivable, gross | 71,219 | 59,364 | ||
Allowance for loan and lease losses | (319) | (253) | (382) | (295) |
Construction Portfolio Segment [Member] | ||||
Loans receivable, gross | 12,223 | 21,781 | ||
Allowance for loan and lease losses | (56) | (78) | (280) | (739) |
Construction to Permanent Portfolio Segment [Member] | ||||
Loans receivable, gross | 2,057 | 11,695 | ||
Allowance for loan and lease losses | $ (9) | $ (41) | $ (77) | $ (162) |
Note 4 - Loan Receivables and_4
Note 4 - Loan Receivables and Allowance for Loan and Lease Losses - Allowance for Loan Losses (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Balance | $ 9,905,000 | $ 10,584,000 | |
Charge-offs | (185,000) | (272,000) | |
Recoveries | 17,000 | 114,000 | |
Provisions (credits) | 0 | 0 | |
Balance | 9,737,000 | 10,426,000 | |
Allowance for loan losses: Individually evaluated for impairment | 2,700,000 | ||
Allowance for loan losses: Collectively evaluated for impairment | 6,000 | $ 7,000 | |
Loans receivable, gross: Individually evaluated for impairment | 23,600,000 | ||
Loans receivable, gross: Collectively evaluated for impairment | 521,000 | 590,000 | |
Total loans receivable, gross | 773,339,000 | 739,488,000 | |
Business Activities Loans [Member] | |||
Balance | 9,905,000 | ||
Balance | 9,737,000 | ||
Allowance for loan losses: Individually evaluated for impairment | 2,709,000 | 2,292,000 | |
Allowance for loan losses: Collectively evaluated for impairment | 7,028,000 | 7,613,000 | |
Loans receivable, gross: Individually evaluated for impairment | 23,648,000 | 23,212,000 | |
Loans receivable, gross: Collectively evaluated for impairment | 749,691,000 | 716,276,000 | |
Total loans receivable, gross | 773,339,000 | 739,488,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Balance | 5,063,000 | 4,485,000 | |
Charge-offs | 0 | (42,000) | |
Recoveries | 0 | 0 | |
Provisions (credits) | (174,000) | (289,000) | |
Balance | 4,889,000 | 4,154,000 | |
Total loans receivable, gross | 413,104,000 | 365,247,000 | |
Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | |||
Balance | 5,063,000 | ||
Balance | 4,889,000 | ||
Allowance for loan losses: Individually evaluated for impairment | 1,752,000 | 1,567,000 | |
Allowance for loan losses: Collectively evaluated for impairment | 3,137,000 | 3,496,000 | |
Loans receivable, gross: Individually evaluated for impairment | 15,643,000 | 15,704,000 | |
Loans receivable, gross: Collectively evaluated for impairment | 397,461,000 | 349,543,000 | |
Total loans receivable, gross | 413,104,000 | 365,247,000 | |
Residential Portfolio Segment [Member] | |||
Balance | 1,700,000 | 1,379,000 | |
Charge-offs | 0 | (3,000) | |
Recoveries | 1,000 | 0 | |
Provisions (credits) | (189,000) | 533,000 | |
Balance | 1,512,000 | 1,909,000 | |
Total loans receivable, gross | 146,221,000 | 158,591,000 | |
Residential Portfolio Segment [Member] | Business Activities Loans [Member] | |||
Balance | 1,700,000 | ||
Balance | 1,512,000 | ||
Allowance for loan losses: Individually evaluated for impairment | 3,000 | 3,000 | |
Allowance for loan losses: Collectively evaluated for impairment | 1,509,000 | 1,697,000 | |
Loans receivable, gross: Individually evaluated for impairment | 2,940,000 | 2,954,000 | |
Loans receivable, gross: Collectively evaluated for impairment | 143,281,000 | 155,637,000 | |
Total loans receivable, gross | 146,221,000 | 158,591,000 | |
Commercial Portfolio Segment [Member] | |||
Balance | 2,532,000 | 3,284,000 | |
Charge-offs | (68,000) | (209,000) | |
Recoveries | 15,000 | 12,000 | |
Provisions (credits) | 381,000 | 537,000 | |
Balance | 2,860,000 | 3,624,000 | |
Total loans receivable, gross | 128,515,000 | 122,810,000 | |
Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | |||
Balance | 2,532,000 | ||
Balance | 2,860,000 | ||
Allowance for loan losses: Individually evaluated for impairment | 954,000 | 722,000 | |
Allowance for loan losses: Collectively evaluated for impairment | 1,906,000 | 1,810,000 | |
Loans receivable, gross: Individually evaluated for impairment | 4,544,000 | 4,031,000 | |
Loans receivable, gross: Collectively evaluated for impairment | 123,971,000 | 118,779,000 | |
Total loans receivable, gross | 128,515,000 | 122,810,000 | |
Consumer Portfolio Segment [Member] | |||
Balance | 253,000 | 295,000 | |
Charge-offs | (47,000) | (18,000) | |
Recoveries | 1,000 | 102,000 | |
Provisions (credits) | 112,000 | 3,000 | |
Balance | 319,000 | 382,000 | |
Total loans receivable, gross | 71,219,000 | 59,364,000 | |
Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | |||
Balance | 253,000 | ||
Balance | 319,000 | ||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | |
Allowance for loan losses: Collectively evaluated for impairment | 319,000 | 253,000 | |
Loans receivable, gross: Individually evaluated for impairment | 521,000 | 523,000 | |
Loans receivable, gross: Collectively evaluated for impairment | 70,698,000 | 58,841,000 | |
Total loans receivable, gross | 71,219,000 | 59,364,000 | |
Construction Portfolio Segment [Member] | |||
Balance | 78,000 | 739,000 | |
Charge-offs | (70,000) | 0 | |
Recoveries | 0 | 0 | |
Provisions (credits) | 48,000 | (459,000) | |
Balance | 56,000 | 280,000 | |
Total loans receivable, gross | 12,223,000 | 21,781,000 | |
Construction Portfolio Segment [Member] | Business Activities Loans [Member] | |||
Balance | 78,000 | ||
Balance | 56,000 | ||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | |
Allowance for loan losses: Collectively evaluated for impairment | 56,000 | 78,000 | |
Loans receivable, gross: Individually evaluated for impairment | 0 | 0 | |
Loans receivable, gross: Collectively evaluated for impairment | 12,223,000 | 21,781,000 | |
Total loans receivable, gross | 12,223,000 | 21,781,000 | |
Construction to Permanent Portfolio Segment [Member] | |||
Balance | 41,000 | 162,000 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Provisions (credits) | (32,000) | (85,000) | |
Balance | 9,000 | 77,000 | |
Total loans receivable, gross | 2,057,000 | 11,695,000 | |
Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | |||
Balance | 41,000 | ||
Balance | 9,000 | ||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | |
Allowance for loan losses: Collectively evaluated for impairment | 9,000 | 41,000 | |
Loans receivable, gross: Individually evaluated for impairment | 0 | 0 | |
Loans receivable, gross: Collectively evaluated for impairment | 2,057,000 | 11,695,000 | |
Total loans receivable, gross | 2,057,000 | 11,695,000 | |
Unallocated Financing Receivables [Member] | |||
Balance | 238,000 | 240,000 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Provisions (credits) | (146,000) | (240,000) | |
Balance | 92,000 | $ 0 | |
Unallocated Financing Receivables [Member] | Business Activities Loans [Member] | |||
Balance | 238,000 | ||
Balance | 92,000 | ||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | |
Allowance for loan losses: Collectively evaluated for impairment | 92,000 | 238,000 | |
Loans receivable, gross: Individually evaluated for impairment | 0 | 0 | |
Loans receivable, gross: Collectively evaluated for impairment | 0 | 0 | |
Total loans receivable, gross | $ 0 | $ 0 |
Note 4 - Loans Receivables an_2
Note 4 - Loans Receivables and Allowance for Loan and Lease Losses - Delinquency Status of Performing and Non-performing Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Loans receivable, gross | $ 773,339 | $ 739,488 |
Business Activities Loans [Member] | ||
Loans receivable, gross | 773,339 | 739,488 |
Non-accruing loans | 23,466 | 23,095 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 413,104 | 365,247 |
Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 413,104 | 365,247 |
Non-accruing loans | 15,643 | 15,704 |
Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 146,221 | 158,591 |
Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 146,221 | 158,591 |
Non-accruing loans | 3,134 | 3,148 |
Commercial Portfolio Segment [Member] | ||
Loans receivable, gross | 128,515 | 122,810 |
Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 128,515 | 122,810 |
Non-accruing loans | 4,544 | 4,101 |
Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 71,219 | 59,364 |
Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 71,219 | 59,364 |
Non-accruing loans | 145 | 142 |
Construction Portfolio Segment [Member] | ||
Loans receivable, gross | 12,223 | 21,781 |
Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 12,223 | 21,781 |
Non-accruing loans | 0 | 0 |
Construction to Permanent Portfolio Segment [Member] | ||
Loans receivable, gross | 2,057 | 11,695 |
Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,057 | 11,695 |
Non-accruing loans | 0 | 0 |
Pass [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 721,803 | 686,822 |
Non-accruing loans | 0 | 0 |
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 374,488 | 325,554 |
Non-accruing loans | 0 | 0 |
Pass [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 141,695 | 154,044 |
Non-accruing loans | 0 | 0 |
Pass [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 120,289 | 114,549 |
Non-accruing loans | 0 | 0 |
Pass [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 71,051 | 59,199 |
Non-accruing loans | 0 | 0 |
Pass [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 12,223 | 21,781 |
Non-accruing loans | 0 | 0 |
Pass [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,057 | 11,695 |
Non-accruing loans | 0 | 0 |
Special Mention [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 19,975 | |
Non-accruing loans | 0 | |
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 20,384 | 16,625 |
Non-accruing loans | 0 | 0 |
Special Mention [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,435 | 1,399 |
Non-accruing loans | 0 | 0 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 21,819 | 1,951 |
Non-accruing loans | 0 | 0 |
Substandard [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 29,717 | 32,691 |
Non-accruing loans | 23,466 | 23,095 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 18,232 | 23,068 |
Non-accruing loans | 15,643 | 15,704 |
Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 4,526 | 3,148 |
Non-accruing loans | 3,134 | 3,148 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 6,791 | 6,310 |
Non-accruing loans | 4,544 | 4,101 |
Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 168 | 165 |
Non-accruing loans | 145 | 142 |
Performing Financial Instruments [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 749,873 | 716,393 |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 397,461 | 349,543 |
Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 143,087 | 155,443 |
Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 123,971 | 118,709 |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 71,074 | 59,222 |
Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 12,223 | 21,781 |
Performing Financial Instruments [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,057 | 11,695 |
Performing Financial Instruments [Member] | Pass [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 721,803 | 686,822 |
Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 374,488 | 325,554 |
Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 141,695 | 154,044 |
Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 120,289 | 114,549 |
Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 71,051 | 59,199 |
Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 12,223 | 21,781 |
Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,057 | 11,695 |
Performing Financial Instruments [Member] | Special Mention [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 19,975 | |
Performing Financial Instruments [Member] | Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 20,384 | 16,625 |
Performing Financial Instruments [Member] | Special Mention [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,435 | 1,399 |
Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 21,819 | 1,951 |
Performing Financial Instruments [Member] | Substandard [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 6,251 | 9,596 |
Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,589 | 7,364 |
Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,392 | 0 |
Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,247 | 2,209 |
Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 23 | 23 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,758 | 939 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,188 | 696 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,570 | 243 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,846 | 939 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 849 | 696 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 997 | 243 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 912 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 339 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 573 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 26 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 26 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 26 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 26 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 2 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 2 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 2 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 2 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,758 | 967 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,188 | 696 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,570 | 243 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 28 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,846 | 967 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 849 | 696 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 997 | 243 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 28 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 912 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 339 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 573 | 0 |
Financial Asset, Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 747,115 | 715,426 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 396,273 | 348,847 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 143,087 | 155,443 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 122,401 | 118,466 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 71,074 | 59,194 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 12,223 | 21,781 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,057 | 11,695 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 719,957 | 685,855 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 373,639 | 324,858 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 141,695 | 154,044 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 119,292 | 114,306 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 71,051 | 59,171 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 12,223 | 21,781 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,057 | 11,695 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 19,975 | |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 20,384 | 16,625 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,435 | 1,399 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 21,819 | 1,951 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 5,339 | 9,596 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,250 | 7,364 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,392 | 0 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,674 | 2,209 |
Financial Asset, Not Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | $ 23 | $ 23 |
Note 4 - Loans Receivables an_3
Note 4 - Loans Receivables and Allowance for Loan and Lease Losses - Non-accrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Loans receivable, gross | $ 773,339 | $ 739,488 |
Business Activities Loans [Member] | ||
Loans receivable, gross | 773,339 | 739,488 |
Non-accruing loans | 23,466 | 23,095 |
Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 749,873 | 716,393 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 413,104 | 365,247 |
Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 413,104 | 365,247 |
Non-accruing loans | 15,643 | 15,704 |
Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 397,461 | 349,543 |
Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 146,221 | 158,591 |
Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 146,221 | 158,591 |
Non-accruing loans | 3,134 | 3,148 |
Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 143,087 | 155,443 |
Commercial Portfolio Segment [Member] | ||
Loans receivable, gross | 128,515 | 122,810 |
Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 128,515 | 122,810 |
Non-accruing loans | 4,544 | 4,101 |
Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 123,971 | 118,709 |
Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 71,219 | 59,364 |
Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 71,219 | 59,364 |
Non-accruing loans | 145 | 142 |
Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 71,074 | 59,222 |
Substandard [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 29,717 | 32,691 |
Non-accruing loans | 23,466 | 23,095 |
Substandard [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 6,251 | 9,596 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 18,232 | 23,068 |
Non-accruing loans | 15,643 | 15,704 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 2,589 | 7,364 |
Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 4,526 | 3,148 |
Non-accruing loans | 3,134 | 3,148 |
Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 1,392 | 0 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 6,791 | 6,310 |
Non-accruing loans | 4,544 | 4,101 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 2,247 | 2,209 |
Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 168 | 165 |
Non-accruing loans | 145 | 142 |
Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 23 | 23 |
Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Non-accruing loans | 4,101 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 2,758 | 939 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 1,188 | 696 |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 1,570 | 243 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Non-Accrual Loans [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 696 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 912 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 339 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 573 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 696 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 26 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 26 |
Financial Asset, 60 to 89 Days Past Due [Member] | Non-Accrual Loans [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 118 | 585 |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 118 | 491 |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 0 | 94 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 2 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 2 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-Accrual Loans [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 12,619 | 20,609 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 6,787 | 15,704 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 2,419 | 2,419 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 3,292 | 2,458 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 121 | 28 |
Financial Asset, Past Due [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 2,758 | 967 |
Financial Asset, Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 1,188 | 696 |
Financial Asset, Past Due [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 1,570 | 243 |
Financial Asset, Past Due [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 28 |
Financial Asset, Past Due [Member] | Non-Accrual Loans [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 13,433 | 21,194 |
Financial Asset, Past Due [Member] | Substandard [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 912 | 0 |
Financial Asset, Past Due [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 339 | 0 |
Financial Asset, Past Due [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 573 | 0 |
Financial Asset, Past Due [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 0 | 0 |
Financial Asset, Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 6,787 | 15,704 |
Financial Asset, Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 3,115 | 2,419 |
Financial Asset, Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 3,410 | 2,949 |
Financial Asset, Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 121 | 122 |
Financial Asset, Not Past Due [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 747,115 | 715,426 |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 396,273 | 348,847 |
Financial Asset, Not Past Due [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 143,087 | 155,443 |
Financial Asset, Not Past Due [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 122,401 | 118,466 |
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 71,074 | 59,194 |
Financial Asset, Not Past Due [Member] | Non-Accrual Loans [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 10,033 | 1,901 |
Financial Asset, Not Past Due [Member] | Substandard [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 5,339 | 9,596 |
Financial Asset, Not Past Due [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 2,250 | 7,364 |
Financial Asset, Not Past Due [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 1,392 | 0 |
Financial Asset, Not Past Due [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 1,674 | 2,209 |
Financial Asset, Not Past Due [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | Performing Financial Instruments [Member] | ||
Loans receivable, gross | 23 | 23 |
Financial Asset, Not Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 8,856 | 0 |
Financial Asset, Not Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 19 | 729 |
Financial Asset, Not Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | 1,134 | 1,152 |
Financial Asset, Not Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||
Loans receivable, gross | $ 24 | $ 20 |
Note 4 - Loans Receivables an_4
Note 4 - Loans Receivables and Allowance for Loan and Lease Losses - Recorded Investment in TDRs (Details) $ in Thousands | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) |
Number of contracts | 7 | 7 |
Recorded investment | $ 10,349 | $ 10,394 |
Non-Accrual Loans [Member] | ||
Number of contracts | 3 | 3 |
TDRs included in non-accrual loans | $ (9,646) | $ (9,688) |
Accrual Loans [Member] | ||
Number of contracts | 4 | 4 |
Recorded investment | $ 703 | $ 706 |
Commercial Real Estate Portfolio Segment [Member] | ||
Number of contracts | 1 | 1 |
Recorded investment | $ 8,856 | $ 8,884 |
Residential Portfolio Segment [Member] | ||
Number of contracts | 3 | 3 |
Recorded investment | $ 856 | $ 870 |
Consumer Portfolio Segment [Member] | ||
Number of contracts | 3 | 3 |
Recorded investment | $ 637 | $ 640 |
Note 4 - Loans Receivables an_5
Note 4 - Loans Receivables and Allowance for Loan and Lease Losses - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Impaired loans, recorded investment | $ 24,200 | ||
With no allowance recorded, average recorded investment | 10,789 | $ 14,016 | |
With no allowance recorded, interest income recognized | 48 | 65 | |
With allowance recorded, average recorded investment | 13,104 | 9,512 | |
With allowance recorded, interest income recognized | 49 | 31 | |
Impaired Loans, Average recorded investment | 23,893 | 23,528 | |
Impaired Loans, interest income recognized | 97 | 96 | |
Business Activities Loans [Member] | |||
Impaired loans with no related allowance recorded, recorded investment | 10,754 | $ 10,820 | |
Impaired loans with no related allowance recorded, unpaid principal balance | 11,787 | 11,820 | |
Impaired loans with a related allowance recorded, recorded investment | 13,415 | 12,982 | |
Impaired loans with a related allowance recorded, unpaid principal balance | 14,084 | 13,416 | |
Impaired loans, related allowance | 2,715 | 2,299 | |
Impaired loans, recorded investment | 24,169 | 23,802 | |
Impaired loans, unpaid principal balance | 25,871 | 25,236 | |
Commercial Real Estate Portfolio Segment [Member] | |||
With no allowance recorded, average recorded investment | 6,806 | 6,078 | |
With no allowance recorded, interest income recognized | 32 | 0 | |
With allowance recorded, average recorded investment | 8,873 | 8,813 | |
With allowance recorded, interest income recognized | 25 | 0 | |
Impaired Loans, Average recorded investment | 15,679 | 14,891 | |
Impaired Loans, interest income recognized | 57 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | |||
Impaired loans with no related allowance recorded, recorded investment | 6,787 | 6,820 | |
Impaired loans with no related allowance recorded, unpaid principal balance | 7,765 | 7,776 | |
Impaired loans with a related allowance recorded, recorded investment | 8,856 | 8,884 | |
Impaired loans with a related allowance recorded, unpaid principal balance | 8,805 | 8,811 | |
Impaired loans, related allowance | 1,752 | 1,567 | |
Impaired loans, recorded investment | 15,643 | 15,704 | |
Impaired loans, unpaid principal balance | 16,570 | 16,587 | |
Residential Portfolio Segment [Member] | |||
With no allowance recorded, average recorded investment | 2,840 | 4,248 | |
With no allowance recorded, interest income recognized | 8 | 13 | |
With allowance recorded, average recorded investment | 1,328 | 190 | |
With allowance recorded, interest income recognized | 21 | 3 | |
Impaired Loans, Average recorded investment | 4,168 | 4,438 | |
Impaired Loans, interest income recognized | 29 | 16 | |
Residential Portfolio Segment [Member] | Business Activities Loans [Member] | |||
Impaired loans with no related allowance recorded, recorded investment | 2,834 | 2,847 | |
Impaired loans with no related allowance recorded, unpaid principal balance | 2,758 | 2,763 | |
Impaired loans with a related allowance recorded, recorded investment | 3,932 | 461 | |
Impaired loans with a related allowance recorded, unpaid principal balance | 4,592 | 488 | |
Impaired loans, related allowance | 954 | 8 | |
Impaired loans, recorded investment | 6,766 | 3,308 | |
Impaired loans, unpaid principal balance | 7,350 | 3,251 | |
Commercial Portfolio Segment [Member] | |||
With no allowance recorded, average recorded investment | 621 | 2,745 | |
With no allowance recorded, interest income recognized | 4 | 46 | |
With allowance recorded, average recorded investment | 2,738 | 462 | |
With allowance recorded, interest income recognized | 2 | 26 | |
Impaired Loans, Average recorded investment | 3,359 | 3,207 | |
Impaired Loans, interest income recognized | 6 | 72 | |
Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | |||
Impaired loans with no related allowance recorded, recorded investment | 612 | 630 | |
Impaired loans with no related allowance recorded, unpaid principal balance | 743 | 758 | |
Impaired loans with a related allowance recorded, recorded investment | 460 | 3,471 | |
Impaired loans with a related allowance recorded, unpaid principal balance | 486 | 3,916 | |
Impaired loans, related allowance | 7 | 723 | |
Impaired loans, recorded investment | 1,072 | 4,101 | |
Impaired loans, unpaid principal balance | 1,229 | 4,674 | |
Consumer Portfolio Segment [Member] | |||
With no allowance recorded, average recorded investment | 522 | 945 | |
With no allowance recorded, interest income recognized | 4 | 6 | |
With allowance recorded, average recorded investment | 165 | 47 | |
With allowance recorded, interest income recognized | 1 | 2 | |
Impaired Loans, Average recorded investment | 687 | 992 | |
Impaired Loans, interest income recognized | 5 | $ 8 | |
Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | |||
Impaired loans with no related allowance recorded, recorded investment | 521 | 523 | |
Impaired loans with no related allowance recorded, unpaid principal balance | 521 | 523 | |
Impaired loans with a related allowance recorded, recorded investment | 167 | 166 | |
Impaired loans with a related allowance recorded, unpaid principal balance | 201 | 201 | |
Impaired loans, related allowance | 2 | 1 | |
Impaired loans, recorded investment | 688 | 689 | |
Impaired loans, unpaid principal balance | $ 722 | $ 724 |
Note 5 - Loans Held for Sale (D
Note 5 - Loans Held for Sale (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance, Ending Balance | $ 5,800,000 | $ 3,100,000 | |
Loans Serviced By Entity But Owned By a Third Party | 31,200,000 | 29,600,000 | |
Servicing Asset, Total | 626,000 | 584,000 | |
Servicing Asset at Fair Value, Amount, Ending Balance | 660,000 | 617,000 | |
SBA Loans [Member] | |||
Transfer of Loans Held-for-sale to Portfolio Loans | 0 | $ 281,000 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance, Ending Balance | 1,300,000 | 2,600,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance, Ending Balance | $ 4,500,000 | $ 562,000 |
Note 5 - Loans Held for Sale -
Note 5 - Loans Held for Sale - Analysis of the Activity in the SBA Servicing Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Beginning balance | $ 584 | $ 316 |
Servicing rights capitalized | 52 | 17 |
Servicing rights amortized | (8) | (6) |
Servicing rights disposed | (2) | 0 |
Ending balance | $ 626 | $ 327 |
Note 6 - Business Combination_2
Note 6 - Business Combination, Goodwill and Other Intangible Assets (Details Textual) - USD ($) | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2022 | May 10, 2019 | |
Goodwill, Ending Balance | $ 1,107,000 | $ 1,107,000 | ||
Prime Bank [Member] | ||||
Goodwill, Ending Balance | $ 1,100,000 | |||
Prime Bank [Member] | Project Expenses [Member] | ||||
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred | $ 556,000 | |||
American Challenger [Member] | Project Expenses [Member] | ||||
Business Combination, Acquisition Related Costs | $ 1,900,000 |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) $ in Millions | Jul. 22, 2020 | Mar. 31, 2022 | Dec. 31, 2021 |
Payments to Acquire Prepaid Debit Card Deposits | $ 50 | ||
Prepaid Debit Card Deposits | $ 146.8 | $ 150.4 |
Note 7 - Deposits - Summary of
Note 7 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Non-interest bearing, Balance | $ 237,825 | $ 226,713 |
Negotiable order of withdrawal accounts, Balance | 42,272 | 34,741 |
Savings, Balance | 105,871 | 109,744 |
Money market, Balance | 146,819 | 164,518 |
Certificates of deposit, less than $250,000, Balance | 158,625 | 142,246 |
Certificates of deposit, $250,000 or greater, Balance | 53,513 | 53,584 |
Brokered deposits, Balance | 34,924 | 17,016 |
Interest bearing, Total, Balance | 542,024 | 521,849 |
Deposits, Balance | $ 779,849 | $ 748,562 |
Note 7 - Deposits - Contractual
Note 7 - Deposits - Contractual Maturities of Certificates of Deposit (Details) $ in Thousands | Mar. 31, 2022USD ($) |
1 year or less | $ 139,429 |
More than 1 year through 2 years | 76,824 |
More than 2 years through 3 years | 16,319 |
More than 3 years through 4 years | 4,696 |
More than 4 years through 5 years | 9,794 |
Contractual Maturities of Certificates of Deposit, Total | 247,062 |
Certificates of Deposits Less Than $250,000 [Member] | |
1 year or less | 96,349 |
More than 1 year through 2 years | 39,836 |
More than 2 years through 3 years | 8,710 |
More than 3 years through 4 years | 3,936 |
More than 4 years through 5 years | 9,794 |
Contractual Maturities of Certificates of Deposit, Total | 158,625 |
Certificates of Deposit $250,000 or Greater [Member] | |
1 year or less | 41,582 |
More than 1 year through 2 years | 8,668 |
More than 2 years through 3 years | 2,503 |
More than 3 years through 4 years | 760 |
More than 4 years through 5 years | 0 |
Contractual Maturities of Certificates of Deposit, Total | 53,513 |
Brokered Deposits [Member] | |
1 year or less | 1,498 |
More than 1 year through 2 years | 28,320 |
More than 2 years through 3 years | 5,106 |
More than 3 years through 4 years | 0 |
More than 4 years through 5 years | 0 |
Contractual Maturities of Certificates of Deposit, Total | $ 34,924 |
Note 8 - Derivatives (Details T
Note 8 - Derivatives (Details Textual) - Interest Rate Swap [Member] $ in Thousands | 1 Months Ended | 3 Months Ended | ||||
Apr. 30, 2021USD ($) | May 30, 2019 | Nov. 30, 2018 | Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Dec. 31, 2021USD ($) | |
Not Designated as Hedging Instrument [Member] | ||||||
Derivative, Number of Instruments Held, Total | 4 | |||||
Derivative, Number of Instruments Added During the Period | 2 | 2 | ||||
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Not Offset | $ 1,100 | $ 1,400 | ||||
Gain (Loss) on Derivative Instruments, Net, Pretax, Total | $ 0 | $ 0 | ||||
Designated as Hedging Instrument [Member] | ||||||
Derivative, Notional Amount | $ 50,000 | |||||
Derivative, Term of Contract (Year) | 7 years |
Note 8 - Derivatives - Schedule
Note 8 - Derivatives - Schedule of Derivative Instruments (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2022 | Dec. 31, 2021 | |
Interest Rate Swap One [Member] | ||
Derivative Asset, Notional Amount | $ 4,816 | $ 4,843 |
Derivative, Maturity (Year) | 7 years 1 month 6 days | 7 years 3 months 18 days |
Derivative, Fixed Rate | 5.25% | 5.25% |
Derivative, Variable Rate | 1.96% | 1.96% |
Derivative Liability, Notional Amount | $ 4,816 | $ 4,843 |
Interest Rate Swap One [Member] | Other Assets [Member] | ||
Derivative Asset, Fair Value | 318 | 638 |
Interest Rate Swap One [Member] | Other Liabilities [Member] | ||
Derivative Liability, Fair Value | (318) | (638) |
Interest Rate Swap Two [Member] | ||
Derivative Asset, Notional Amount | $ 1,389 | $ 1,398 |
Derivative, Maturity (Year) | 7 years 3 months 18 days | 7 years 6 months |
Derivative, Fixed Rate | 4.38% | 4.38% |
Derivative, Variable Rate | 2.00% | 2.00% |
Derivative Liability, Notional Amount | $ 1,389 | $ 1,398 |
Interest Rate Swap Two [Member] | Other Assets [Member] | ||
Derivative Asset, Fair Value | 15 | 100 |
Interest Rate Swap Two [Member] | Other Liabilities [Member] | ||
Derivative Liability, Fair Value | $ (15) | $ (100) |
Note 9 - Share-based Compensa_3
Note 9 - Share-based Compensation and Employee Benefit Plan (Details Textual) - USD ($) | 3 Months Ended | 27 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2022 | Dec. 31, 2020 | |
Labor and Related Expense | $ 3,346,000 | $ 2,216,000 | ||
Payments of Ordinary Dividends, Common Stock | $ 0 | |||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 50.00% | |||
Defined Contribution Plan, Cost | $ 74,000 | 48,000 | ||
Maximum [Member] | ||||
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 9.00% | |||
Restricted Stock [Member] | ||||
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 184,000 | $ 184,000 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 3 years 1 month 20 days | |||
2012 Stock Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 3,000,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 2,834,617 | 2,834,617 | ||
Share-Based Payment Arrangement, Expense | $ 21,000 | 34,000 | ||
2012 Stock Plan [Member] | Share-Based Payment Arrangement, Employee [Member] | ||||
Share-Based Payment Arrangement, Expense | 8,000 | 15,000 | ||
2012 Stock Plan [Member] | Share-Based Payment Arrangement, Nonemployee [Member] | ||||
Share-Based Payment Arrangement, Expense | 13,000 | 19,000 | ||
Labor and Related Expense | $ 63,000 | $ 94,000 | ||
2012 Stock Plan [Member] | Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 4 years | |||
2012 Stock Plan [Member] | Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche Three [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 5 years | |||
2012 Stock Plan [Member] | Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche One [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years |
Note 9 - Share-based Compensa_4
Note 9 - Share-based Compensation and Employee Benefit Plan - Restricted Shares (Details) - Restricted Stock [Member] - $ / shares | 3 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2022 | Dec. 31, 2021 | |
Unvested at beginning of period (in shares) | 17,798 | 21,468 | 21,468 |
Unvested at beginning of period, weighted average grant date fair value (in dollars per share) | $ 6.88 | $ 6.48 | $ 6.48 |
Unvested at beginning of period (in shares) | 18,498 | ||
Unvested at beginning of period, weighted average grant date fair value (in dollars per share) | $ 7.29 | ||
Vested (in shares) | (700) | ||
Vested, weighted average grant date fair value (in dollars per share) | $ 17.85 | ||
Unvested at end of period (in shares) | 17,798 | ||
Unvested at end of period, weighted average grant date fair value (in dollars per share) | $ 6.88 |
Note 10 - Earnings Per Share -
Note 10 - Earnings Per Share - Computation of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | ||
Net income attributable to Common shareholders | $ 800 | $ 854 | |
Weighted average shares outstanding (in shares) | (3,956,492) | (3,943,580) | |
Basic earnings per share (in dollars per share) | $ 0.20 | $ 0.22 | |
Net income attributable to Common shareholders | $ 800 | $ 854 | |
Effect of potentially dilutive restricted common shares (in shares) | (9,510) | (1,540) | [1] |
Weighted average diluted shares outstanding (in shares) | 3,966,002 | 3,945,120 | |
Diluted earnings per share (in dollars per share) | $ 0.20 | $ 0.22 | |
[1] | The weighted average diluted shares outstanding does not include 13,093 anti-dilutive restricted common shares for the three months ended September 30, 2020. |
Note 11 - Financial Instrumen_3
Note 11 - Financial Instruments With Off-balance Sheet Risk (Details Textual) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 |
Banks Reserve Based on Analysis in Unfunded Commitments | $ 8,000 | $ 8,000 |
Note 11 - Financial Instrumen_4
Note 11 - Financial Instruments With Off-balance Sheet Risk - Financial Instruments With Credit Risk (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Commitments to extend credit | $ 151,116 | $ 126,981 |
Unused Line of Credit [Member] | ||
Commitments to extend credit | 76,691 | 68,341 |
Undisbursed Construction Loans [Member] | ||
Commitments to extend credit | 16,314 | 18,594 |
Home Equity Lines of Credit [Member] | ||
Commitments to extend credit | 16,520 | 16,396 |
Future Loan Commitments [Member] | ||
Commitments to extend credit | 41,427 | 23,486 |
Financial Standy Letter of Credit [Member] | ||
Commitments to extend credit | $ 164 | $ 164 |
Note 12 - Regulatory and Oper_3
Note 12 - Regulatory and Operational Matters (Details Textual) $ in Billions | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2019USD ($) |
Community Bank, Tier One Leverage Ratio | 0.09 | ||
Community Bank, Tier One Leverage Capital Required for Capital Adequacy | $ 10 | ||
Banking Regulation, Tier 1 Leverage Capital Ratio, Actual | 0.0994 | 0.0986 |
Note 12 - Regulatory and Oper_4
Note 12 - Regulatory and Operational Matters - Regulatory Capital Amounts and Ratios (Details) - Parent Company [Member] | Mar. 31, 2022USD ($) | Dec. 31, 2021USD ($) | |
Total Capital (to Risk Weighted Assets) Actual Amount | $ 95,094,000 | $ 93,923 | |
Total Capital (to Risk Weighted Assets) Actual Ratio | 0.0994 | 0.0986 | |
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | $ 86,133,000 | $ 85,773 | |
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | 0.0900 | 0.0900 |
[1] | Leverage Capital Ratio greater than 9% is considered well-capitalized under the CBLR Framework. |
Note 13 - Fair Value and Inte_3
Note 13 - Fair Value and Interest Rate Risk (Details Textual) | Mar. 31, 2022$ / shares |
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | |
Stock Value Par or Stated Value per Share (in dollars per share) | $ 100 |
Note 13 - Fair Value and Inte_4
Note 13 - Fair Value and Interest Rate Risk - Financial Assets and Liabilities (Details) - USD ($) | Mar. 31, 2022 | Dec. 31, 2021 |
Fair value, total | $ 83,260,000 | $ 94,341,000 |
SBA servicing assets | 660,000 | 617,000 |
Reported Value Measurement [Member] | ||
Financial assets, total | 915,056,000 | 892,719,000 |
Financial liabilities, total | 901,541,000 | 870,364,000 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets, total | 906,391,000 | 891,279,000 |
Financial liabilities, total | 899,203,000 | 873,377,000 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Brokered Deposits [Member] | ||
Deposits | 34,924,000 | 17,016,000 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Cash and Due from Banks [Member] | ||
Cash and cash equivalents | 9,026,000 | 3,264,000 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Interest-Bearing Deposits [Member] | ||
Cash and cash equivalents | 35,290,000 | 43,781,000 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Brokered Deposits [Member] | ||
Deposits | 34,267,000 | 17,003,000 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Cash and Due from Banks [Member] | ||
Cash and cash equivalents | 9,026,000 | 3,264,000 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Interest-Bearing Deposits [Member] | ||
Cash and cash equivalents | 35,290,000 | 43,781,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Fair value, total | 72,023,000 | 81,161,000 |
Other investments | 4,450,000 | 4,450,000 |
Federal Reserve Bank stock | 2,869,000 | 2,843,000 |
Federal Home Loan Bank stock | 4,184,000 | 4,184,000 |
Loans held for sale | 5,820,000 | 3,129,000 |
Accrued interest receivable | 5,596,000 | 5,822,000 |
FHLB borrowings | 90,000,000 | 90,000,000 |
Senior notes | 12,000,000 | 12,000,000 |
Subordinated debt | 9,818,000 | 9,811,000 |
Junior subordinated debt owed to unconsolidated trust | 8,121,000 | 8,119,000 |
Accrued interest payable | 680,000 | 343,000 |
Interest rate swap liability | 333,000 | 738,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand Deposits [Member] | ||
Deposits | 237,825,000 | 226,713,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Savings Deposits [Member] | ||
Deposits | 105,871,000 | 109,744,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Money Market Deposits [Member] | ||
Deposits | 146,819,000 | 164,518,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Negotiable Order of Withdrawal (NOW) Accounts [Member] | ||
Deposits | 42,272,000 | 34,741,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Deposits | 212,138,000 | 195,830,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Interest Rate Swap [Member] | ||
Interest rate swap | 333,000 | 738,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Fair value, total | 72,023,000 | 81,161,000 |
Other investments | 4,450,000 | 4,450,000 |
Federal Reserve Bank stock | 2,869,000 | 2,843,000 |
Federal Home Loan Bank stock | 4,184,000 | 4,184,000 |
Loans held for sale | 6,506,000 | 3,506,000 |
Accrued interest receivable | 5,596,000 | 5,822,000 |
FHLB borrowings | 91,087,000 | 93,643,000 |
Senior notes | 12,002,000 | 12,045,000 |
Subordinated debt | 9,758,000 | 9,947,000 |
Junior subordinated debt owed to unconsolidated trust | 8,121,000 | 8,119,000 |
Accrued interest payable | 680,000 | 343,000 |
Interest rate swap liability | 333,000 | 738,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand Deposits [Member] | ||
Deposits | 237,825,000 | 226,713,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Savings Deposits [Member] | ||
Deposits | 105,871,000 | 109,744,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Money Market Deposits [Member] | ||
Deposits | 146,819,000 | 164,518,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Negotiable Order of Withdrawal (NOW) Accounts [Member] | ||
Deposits | 42,272,000 | 34,741,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Deposits | 209,462,000 | 195,048,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Interest Rate Swap [Member] | ||
Interest rate swap | 333,000 | 738,000 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Fair value, total | 11,237,000 | 13,180,000 |
Loans receivable, net | 763,602,000 | 729,583,000 |
SBA servicing assets | 626,000 | 584,000 |
Note payable | 740,000 | 791,000 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Fair value, total | 11,237,000 | 13,180,000 |
Loans receivable, net | 754,217,000 | 727,733,000 |
SBA servicing assets | 660,000 | 617,000 |
Note payable | $ 706,000 | $ 775,000 |
Note 13 - Fair Value and Inte_5
Note 13 - Fair Value and Interest Rate Risk - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Available-for-sale securities | $ 83,260 | $ 94,341 |
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities | 59,890 | 66,629 |
Corporate Debt Securities [Member] | ||
Available-for-sale securities | 14,732 | 16,921 |
Subordinated Notes [Member] | ||
Available-for-sale securities | 3,069 | 4,626 |
SBA Loan Pools [Member] | ||
Available-for-sale securities | 5,055 | 5,603 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 514 | 562 |
Fair Value, Recurring [Member] | ||
Available-for-sale securities | 83,260 | 94,341 |
Interest rate swap liability | 333 | 738 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | ||
Interest rate swap | 333 | 738 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities | 59,890 | 66,629 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities | 14,732 | 16,921 |
Fair Value, Recurring [Member] | Subordinated Notes [Member] | ||
Available-for-sale securities | 3,069 | 4,626 |
Fair Value, Recurring [Member] | SBA Loan Pools [Member] | ||
Available-for-sale securities | 5,055 | 5,603 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 514 | 562 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Available-for-sale securities | 0 | 0 |
Interest rate swap liability | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Interest Rate Swap [Member] | ||
Interest rate swap | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Subordinated Notes [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | SBA Loan Pools [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Available-for-sale securities | 72,023 | 81,161 |
Interest rate swap liability | 333 | 738 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Interest Rate Swap [Member] | ||
Interest rate swap | 333 | 738 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities | 59,890 | 66,629 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities | 3,495 | 3,741 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Subordinated Notes [Member] | ||
Available-for-sale securities | 3,069 | 4,626 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | SBA Loan Pools [Member] | ||
Available-for-sale securities | 5,055 | 5,603 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | 514 | 562 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Available-for-sale securities | 11,237 | 13,180 |
Interest rate swap liability | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Interest Rate Swap [Member] | ||
Interest rate swap | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities | 11,237 | 13,180 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Subordinated Notes [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | SBA Loan Pools [Member] | ||
Available-for-sale securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities | $ 0 | $ 0 |
Note 13 - Fair Value and Inte_6
Note 13 - Fair Value and Interest Rate Risk - Reconciliation of Level 3 Available-for-sale Securities (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2022USD ($) | |
Level 3 fair value | $ 13,180 |
Purchases | 0 |
Realized gain (loss) | 0 |
Unrealized loss | (1,943) |
Transfers in and /or out of Level 3 | 0 |
Level 3 fair value | $ 11,237 |
Note 13 - Fair Value and Inte_7
Note 13 - Fair Value and Interest Rate Risk - Quantitative Information About Level 3 Fair Value Measurements (Details) | Mar. 31, 2022USD ($) | Dec. 31, 2021USD ($) |
SBA servicing assets | $ 626,000 | $ 584,000 |
Fair Value, Inputs, Level 3 [Member] | ||
SBA servicing assets | 660,000 | $ 617,000 |
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Measurement Input, Discount Rate [Member] | ||
SBA servicing assets | 0.1473 | |
Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Measurement Input, Discount Rate [Member] | ||
SBA servicing assets | 0.1490 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value of Collateral Approach [Member] | ||
Impaired loans, net | $ 20,939,000 | $ 20,920,000 |
Fair Value, Inputs, Level 3 [Member] | Fair Value of Collateral Approach [Member] | Minimum [Member] | Measurement Input, Discount Rate [Member] | ||
Impaired loans, net | 0.058 | 0.058 |
Fair Value, Inputs, Level 3 [Member] | Fair Value of Collateral Approach [Member] | Maximum [Member] | Measurement Input, Discount Rate [Member] | ||
Impaired loans, net | 0.20 | 0.20 |
Fair Value, Inputs, Level 3 [Member] | Valuation Technique, Discounted Cash Flow [Member] | Minimum [Member] | Measurement Input, Discount Rate [Member] | ||
SBA servicing assets | 0.1473 | |
Fair Value, Inputs, Level 3 [Member] | Valuation Technique, Discounted Cash Flow [Member] | Maximum [Member] | Measurement Input, Discount Rate [Member] | ||
SBA servicing assets | 0.1490 |