Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2021 | Oct. 29, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000770460 | |
Entity Registrant Name | PEOPLES FINANCIAL CORP /MS/ | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 001-12103 | |
Entity Incorporation, State or Country Code | MS | |
Entity Tax Identification Number | 64-0709834 | |
Entity Address, Address Line One | Lameuse and Howard Avenues | |
Entity Address, City or Town | Biloxi | |
Entity Address, State or Province | MS | |
Entity Address, Postal Zip Code | 39533 | |
City Area Code | 228 | |
Local Phone Number | 435-5511 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Small Business | true | |
Entity Filer Category | Non-accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 4,868,957 |
Consolidated Statements of Cond
Consolidated Statements of Condition (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Assets | ||
Cash and due from banks | $ 66,965 | $ 91,542 |
Available for sale securities | 354,166 | 180,130 |
Held to maturity securities, fair value of $112,324 at September 30, 2021; $78,474 at December 31, 2020 | 110,563 | 75,688 |
Other investments | 2,447 | 2,593 |
Federal Home Loan Bank Stock, at cost | 2,152 | 2,149 |
Loans | 251,046 | 278,421 |
Less: Allowance for loan losses | 3,971 | 4,426 |
Loans, net | 247,075 | 273,995 |
Bank premises and equipment, net of accumulated depreciation | 15,672 | 15,679 |
Other real estate | 2,525 | 3,475 |
Accrued interest receivable | 2,761 | 2,100 |
Cash surrender value of life insurance | 20,028 | 19,609 |
Other assets | 965 | 1,066 |
Total assets | 825,319 | 668,026 |
Deposits: | ||
Demand, non-interest bearing | 201,040 | 170,269 |
Savings and demand, interest bearing | 420,647 | 319,165 |
Time, $100,000 or more | 62,730 | 38,581 |
Other time deposits | 21,603 | 22,483 |
Total deposits | 706,020 | 550,498 |
Borrowings from Federal Home Loan Bank | 903 | 969 |
Employee and director benefit plans liabilities | 19,042 | 18,882 |
Other liabilities | 2,882 | 2,811 |
Total liabilities | 728,847 | 573,160 |
Shareholders' Equity: | ||
Common stock, $1 par value, 15,000,000 shares authorized, 4,878,557 issued and outstanding at September 30, 2021 and December 31, 2020 | 4,879 | 4,879 |
Surplus | 65,780 | 65,780 |
Undivided profits | 24,073 | 18,335 |
Accumulated other comprehensive income, net of tax | 1,740 | 5,872 |
Total shareholders' equity | 96,472 | 94,866 |
Total liabilities and shareholders' equity | $ 825,319 | $ 668,026 |
Consolidated Statements of Co_2
Consolidated Statements of Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Held to maturity securities, fair value | $ 112,324 | $ 78,474 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 15,000,000 | 15,000,000 |
Common stock, shares issued (in shares) | 4,878,557 | 4,878,557 |
Common stock, shares outstanding (in shares) | 4,878,557 | 4,878,557 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Interest income: | ||||
Interest and fees on loans | $ 3,156 | $ 3,242 | $ 9,485 | $ 9,706 |
Interest and dividends on securities: | ||||
U.S. Treasuries | 199 | 91 | 436 | 594 |
U.S. Government agencies | 26 | 42 | 77 | 174 |
Mortgage-backed securities | 504 | 564 | 1,531 | 2,058 |
States and political subdivisions | 1,031 | 600 | 2,745 | 1,449 |
Collateralized mortgage obligations | 235 | 104 | 595 | 319 |
Other investments | 5 | 13 | 7 | 25 |
Interest on balances due from depository institutions | 28 | 27 | 84 | 196 |
Total interest income | 5,184 | 4,683 | 14,960 | 14,521 |
Interest expense: | ||||
Deposits | 149 | 312 | 670 | 1,287 |
Borrowings from Federal Home Loan Bank | 6 | 8 | 18 | 26 |
Total interest expense | 155 | 320 | 688 | 1,313 |
Net interest income | 5,029 | 4,363 | 14,272 | 13,208 |
Provision for (reduction of) allowance for loan losses | (173) | 4,551 | (5,004) | 5,948 |
Net interest income (loss) after provision for (reduction of) allowance for loan losses | 5,202 | (188) | 19,276 | 7,260 |
Non-interest income: | ||||
Gain on liquidation, sales and calls of securities | 24 | 5 | 538 | |
Increase in cash surrender value of life insurance | 108 | 109 | 323 | 326 |
Other income | 160 | 125 | 450 | 915 |
Total non-interest income | 1,663 | 1,594 | 4,848 | 5,613 |
Non-interest expense: | ||||
Salaries and employee benefits | 2,632 | 2,538 | 7,768 | 7,723 |
Net occupancy | 540 | 479 | 1,443 | 1,388 |
Equipment rentals, depreciation and maintenance | 746 | 829 | 2,281 | 2,363 |
FDIC and state banking assessments | 119 | 102 | 315 | 278 |
Data processing | 345 | 300 | 1,053 | 936 |
ATM expense | 251 | 215 | 802 | 613 |
Other real estate expense | 100 | 523 | 383 | 889 |
Loss from other investments | 60 | 18 | 146 | 69 |
Other expense | 761 | 664 | 3,503 | 2,030 |
Total non-interest expense | 5,554 | 5,668 | 17,694 | 16,289 |
Income (loss) before income taxes | 1,311 | (4,262) | 6,430 | (3,416) |
Income tax | 204 | 204 | ||
Net income (loss) | $ 1,107 | $ (4,262) | $ 6,226 | $ (3,416) |
Basic and diluted earnings (loss) per share (in dollars per share) | $ 0.23 | $ (0.87) | $ 1.28 | $ (0.70) |
Dividends declared per share (in dollars per share) | $ 0.10 | $ 0.02 | ||
Trust Department Income and Fees [Member] | ||||
Non-interest income: | ||||
Revenue from contract with customer | $ 487 | $ 461 | $ 1,387 | $ 1,237 |
Service Charges on Deposit Accounts [Member] | ||||
Non-interest income: | ||||
Revenue from contract with customer | $ 908 | $ 875 | $ 2,683 | $ 2,597 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Net income (loss) | $ 1,107 | $ (4,262) | $ 6,226 | $ (3,416) |
Other comprehensive income (loss): | ||||
Net unrealized gain (loss) on available for sale securities | (817) | (37) | (4,127) | 4,477 |
Reclassification adjustment for realized gain on available for sale securities called or sold | (24) | (5) | (538) | |
Total other comprehensive income (loss) | (817) | (61) | (4,132) | 3,939 |
Total comprehensive income (loss) | $ 290 | $ (4,323) | $ 2,094 | $ 523 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2019 | 4,943,186 | ||||
Balance at Dec. 31, 2019 | $ 4,943 | $ 65,780 | $ 21,855 | $ 2,545 | $ 95,123 |
Net income (loss) | 1,123 | 1,123 | |||
Other comprehensive income (loss) | 3,877 | 3,877 | |||
Stock repurchase (in shares) | (50,125) | ||||
Stock repurchase | $ (50) | (530) | (580) | ||
Balance (in shares) at Mar. 31, 2020 | 4,893,061 | ||||
Balance at Mar. 31, 2020 | $ 4,893 | 65,780 | 22,448 | 6,422 | 99,543 |
Balance (in shares) at Dec. 31, 2019 | 4,943,186 | ||||
Balance at Dec. 31, 2019 | $ 4,943 | 65,780 | 21,855 | 2,545 | 95,123 |
Net income (loss) | (3,416) | ||||
Other comprehensive income (loss) | 3,939 | ||||
Balance (in shares) at Sep. 30, 2020 | 4,878,557 | ||||
Balance at Sep. 30, 2020 | $ 4,879 | 65,780 | 17,670 | 6,484 | 94,813 |
Balance (in shares) at Mar. 31, 2020 | 4,893,061 | ||||
Balance at Mar. 31, 2020 | $ 4,893 | 65,780 | 22,448 | 6,422 | 99,543 |
Net income (loss) | (277) | (277) | |||
Other comprehensive income (loss) | 123 | 123 | |||
Stock repurchase (in shares) | (9,400) | ||||
Stock repurchase | $ (9) | (85) | (94) | ||
Dividend | (98) | (98) | |||
Balance (in shares) at Jun. 30, 2020 | 4,883,661 | ||||
Balance at Jun. 30, 2020 | $ 4,884 | 65,780 | 21,988 | 6,545 | 99,197 |
Net income (loss) | (4,262) | (4,262) | |||
Other comprehensive income (loss) | (61) | (61) | |||
Stock repurchase (in shares) | (5,104) | ||||
Stock repurchase | $ (5) | (56) | (61) | ||
Balance (in shares) at Sep. 30, 2020 | 4,878,557 | ||||
Balance at Sep. 30, 2020 | $ 4,879 | 65,780 | 17,670 | 6,484 | 94,813 |
Balance (in shares) at Dec. 31, 2020 | 4,878,557 | ||||
Balance at Dec. 31, 2020 | $ 4,879 | 65,780 | 18,335 | 5,872 | 94,866 |
Net income (loss) | 4,330 | 4,330 | |||
Other comprehensive income (loss) | (4,248) | (4,248) | |||
Dividend | (488) | (488) | |||
Balance (in shares) at Mar. 31, 2021 | 4,878,557 | ||||
Balance at Mar. 31, 2021 | $ 4,879 | 65,780 | 22,177 | 1,624 | 94,460 |
Balance (in shares) at Dec. 31, 2020 | 4,878,557 | ||||
Balance at Dec. 31, 2020 | $ 4,879 | 65,780 | 18,335 | 5,872 | 94,866 |
Net income (loss) | 6,226 | ||||
Other comprehensive income (loss) | (4,132) | ||||
Balance (in shares) at Sep. 30, 2021 | 4,878,557 | ||||
Balance at Sep. 30, 2021 | $ 4,879 | 65,780 | 24,073 | 1,740 | 96,472 |
Balance (in shares) at Mar. 31, 2021 | 4,878,557 | ||||
Balance at Mar. 31, 2021 | $ 4,879 | 65,780 | 22,177 | 1,624 | 94,460 |
Net income (loss) | 789 | 789 | |||
Other comprehensive income (loss) | 933 | 933 | |||
Balance (in shares) at Jun. 30, 2021 | 4,878,557 | ||||
Balance at Jun. 30, 2021 | $ 4,879 | 65,780 | 22,966 | 2,557 | 96,182 |
Net income (loss) | 1,107 | 1,107 | |||
Other comprehensive income (loss) | (817) | (817) | |||
Balance (in shares) at Sep. 30, 2021 | 4,878,557 | ||||
Balance at Sep. 30, 2021 | $ 4,879 | $ 65,780 | $ 24,073 | $ 1,740 | $ 96,472 |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Shareholders' Equity (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2020 | Jun. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Cash dividend, per share (in dollars per share) | $ 0.10 | $ 0.02 | $ 0.10 | $ 0.02 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 6,226 | $ (3,416) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation | 1,368 | 1,469 |
Provision for (reduction of) allowance for loan losses | (5,004) | 5,948 |
Writedown of other real estate | 299 | 555 |
Loss on sales of other real estate | 1 | 123 |
Loss from other investments | 146 | 69 |
Amortization of held to maturity securities | 311 | 198 |
Amortization (accretion) of available for sale securities | 210 | (65) |
Gain on sales and calls of securities | (5) | (538) |
Gain on sale of banking house | (318) | |
Change in accrued interest receivable | (661) | (1,090) |
Increase in cash surrender value of life insurance | (323) | (326) |
Gain from death benefits from life insurance | (224) | |
Change in other assets | 101 | 51 |
Change in employee and director benefit plan liabilities and other liabilities | 231 | 1,530 |
Net cash provided by operating activities | 2,900 | 3,966 |
Cash flows from investing activities: | ||
Proceeds from maturities, sales and calls of available for sale securities | 45,769 | 171,795 |
Proceeds from maturities of held to maturity securities | 3,852 | 7,390 |
Purchases of available for sale securities | (224,142) | (155,160) |
Purchases of held to maturity securities | (39,038) | (18,563) |
Purchases of Federal Home Loan Bank stock | (3) | (18) |
Proceeds from sales of other real estate | 664 | 1,977 |
Proceeds from insurance on other real estate | 77 | |
Loans, net change | 31,910 | (23,372) |
Acquisition of bank premises and equipment | (1,361) | (135) |
Proceeds from sale of banking house | 547 | |
Proceeds from death benefits from life insurance | 548 | |
Investment in cash surrender value of life insurance | (96) | (73) |
Net cash used in investing activities | (182,445) | (14,987) |
Cash flows from financing activities: | ||
Demand and savings deposits, net change | 132,253 | 121,711 |
Time deposits, net change | 23,269 | (26,136) |
Borrowings from Federal Home Loan Bank | 22 | 59,500 |
Repayments to Federal Home Loan Bank | (88) | (62,043) |
Cash dividends paid | (488) | (98) |
Stock repurchase | (735) | |
Net cash provided by financing activities | 154,968 | 92,199 |
Net increase (decrease) in cash and cash equivalents | (24,577) | 81,178 |
Cash and cash equivalents, beginning of period | 91,542 | 29,424 |
Cash and cash equivalents, end of period | $ 66,965 | $ 110,602 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | 1. Peoples Financial Corporation (the “Company”) is a one two fifty three The accompanying unaudited consolidated financial statements and notes thereto contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly, in accordance with accounting principles generally accepted in the United States of America (“GAAP”), the financial position of the Company and its subsidiaries as of September 30, 2021 2020 10 The results of operations for the quarter or nine September 30, 2021, not Use of Estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not Summary of Significant Accounting Policies - The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no 10 December 31, 2020. Accounting Standards Update – In August 2021, 2021 06 2021 06” Presentation of Financial Statements (Topic 205 Depository and Lending (Topic 942 Investment Companies (Topic 946 2021 06 No. 33 10786, No. 33 10835, 10 |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 2. Per share data is based on the weighted average shares of common stock outstanding of 4,878,557 and 4,898,051 for the nine September 30, 2021 2020, September 30, 2021 2020, |
Note 3 - Statements of Cash Flo
Note 3 - Statements of Cash Flows | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 3. The Company has defined cash and cash equivalents as cash and due from banks. The Company paid $697,154 and $1,331,012 for the nine September 30, 2021 2020, nine September 30, 2021. nine September 30, 2020. nine September 30, 2021. nine September 30, 2020. |
Note 4 - Investments
Note 4 - Investments | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 4. The amortized cost and fair value of securities at September 30, 2021 December 31, 2020, Gross Gross Unrealized Unrealized September 30, 2021 Amortized Cost Gains Losses Fair Value Available for sale securities: U.S. Treasuries $ 73,846 $ 410 $ (215 ) $ 74,041 U.S. Government agencies 2,500 20 2,520 Mortgage-backed securities 64,738 1,679 (286 ) 66,131 Collateralized mortgage obligations 127,761 1,074 (530 ) 128,305 States and political subdivisions 84,136 341 (1,308 ) 83,169 Total available for sale securities $ 352,981 $ 3,524 $ (2,339 ) $ 354,166 Held to maturity securities: States and political subdivisions $ 110,563 $ 2,146 $ (385 ) $ 112,324 Total held to maturity securities $ 110,563 $ 2,146 $ (385 ) $ 112,324 Gross Gross Unrealized Unrealized December 31, 2020 Amortized Cost Gains Losses Fair Value Available for sale securities: U.S. Treasuries $ 19,999 $ 125 $ $ 20,124 U.S. Government agencies 2,500 83 2,583 Mortgage-backed securities 69,485 3,237 (46 ) 72,676 Collateralized mortgage obligations 44,230 1,207 45,437 States and political subdivisions 38,600 751 (41 ) 39,310 Total available for sale securities $ 174,814 $ 5,403 $ (87 ) $ 180,130 Held to maturity securities: States and political subdivisions $ 75,688 $ 2,809 $ (23 ) $ 78,474 Total held to maturity securities $ 75,688 $ 2,809 $ (23 ) $ 78,474 The amortized cost and fair value of debt securities at September 30, 2021 ( may Amortized Cost Fair Value Available for sale securities: Due in one year or less $ 565 $ 565 Due after one year through five years 929 937 Due after five years through ten years 95,419 95,437 Due after ten years 63,569 62,791 Mortgage-backed securities 64,738 66,131 Collalaterized mortgage obligations 127,761 128,305 Totals $ 352,981 $ 354,166 Held to maturity securities: Due in one year or less $ 4,582 $ 4,612 Due after one year through five years 18,567 19,215 Due after five years through ten years 42,605 43,042 Due after ten years 44,809 45,455 Totals $ 110,563 $ 112,324 Available for sale and held to maturity securities with gross unrealized losses at September 30, 2021 December 31, 2020, Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2021: U.S. Treasuries $ 29,583 $ 215 $ $ $ 29,583 $ 215 Mortgage-backed securities 10,618 286 10,618 286 Collateralized mortgage obligations 52,550 530 52,550 530 States and political subdivisions 90,079 1,634 1,220 59 91,299 1,693 TOTAL $ 182,830 $ 2,665 $ 1,220 $ 59 $ 184,050 $ 2,724 December 31, 2020: Mortgage-backed securities 6,278 30 1,619 16 7,897 46 States and political subdivisions 12,335 64 12,335 64 TOTAL $ 18,613 $ 94 $ 1,619 $ 16 $ 20,232 $ 110 At September 30, 2021, Management evaluates securities for other-than-temporary impairment on a monthly basis. In performing this evaluation, the length of time and the extent to which the fair value has been less than cost, the fact that the Company’s securities are primarily issued by U.S. Treasury and U.S. Government Agencies and the cause of the decline in value are considered. In addition, the Company does not not not not Proceeds from sales of available for sale securities were $28,457,360 during the nine September 30, 2020. nine September 30, 2020. nine September 30, 2021. Securities with a fair value of $325,329,037 and $206,544,282 at September 30, 2021 December 31, 2020, |
Note 5 - Loans
Note 5 - Loans | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 5. The composition of the loan portfolio at September 30, 2021 December 31, 2020, September 30, 2021 December 31, 2020 Gaming $ 14,364 $ 18,765 Hotel/motel 49,902 45,499 Real estate, construction 26,980 26,609 Real estate, mortgage 128,633 144,276 Commercial and industrial 23,772 37,429 Other 7,395 5,843 Total $ 251,046 $ 278,421 On March 27, 2020, 19, June 30, 2020. September 30, 2021, 2021 September 30, 2021, The age analysis of the loan portfolio, segregated by class of loans, as of September 30, 2021 December 31, 2020, Loans Past Due Greater Number of Days Past Due Than 90 Greater Total Total Days & 30 59 60 89 Than 90 Past Due Current Loans Still Accruing September 30, 2021: Gaming $ $ $ $ $ 14,364 $ 14,364 $ Hotel/motel 49,902 49,902 Real estate, construction 8 8 26,972 26,980 Real estate, mortgage 586 51 64 701 127,932 128,633 Commercial and industrial 23,772 23,772 Other 12 12 7,383 7,395 Total $ 598 $ 59 $ 64 $ 721 $ 250,325 $ 251,046 $ December 31, 2020: Gaming $ $ $ $ $ 18,765 $ 18,765 $ Hotel/motel 45,499 45,499 Real estate, construction 277 277 26,332 26,609 Real estate, mortgage 2,865 263 118 3,246 141,030 144,276 Commercial and industrial 80 80 37,349 37,429 Other 63 63 5,780 5,843 Total $ 3,285 $ 263 $ 118 $ 3,666 $ 274,755 $ 278,421 $ The Company monitors the credit quality of its loan portfolio through the use of a loan grading system. A score of 1 5 no 60 89 90 not may An analysis of the loan portfolio by loan grade, segregated by class of loans, as of September 30, 2021 December 31, 2020, Loans With A Grade Of: A, B or C S D E F Total September 30, 2021: Gaming $ 14,364 $ $ $ $ $ 14,364 Hotel/motel 49,902 49,902 Real estate, construction 26,568 8 404 26,980 Real estate, mortgage 115,345 7,778 3,417 2,093 128,633 Commercial and industrial 19,364 4,347 29 32 23,772 Other 7,381 14 7,395 Total $ 232,924 $ 12,125 $ 3,468 $ 2,529 $ $ 251,046 December 31, 2020: Gaming $ 15,938 $ $ 2,827 $ $ $ 18,765 Hotel/motel 45,499 45,499 Real estate, construction 26,098 61 450 26,609 Real estate, mortgage 129,825 7,977 3,741 2,733 144,276 Commercial and industrial 31,810 5,525 45 49 37,429 Other 5,822 21 5,843 Total $ 254,992 $ 13,502 $ 6,695 $ 3,232 $ $ 278,421 A loan may not September 30, 2021 December 31, 2020, September 30, 2021 December 31, 2020 Real estate, construction $ 329 $ 346 Real estate, mortgage 2,021 2,656 Commercial and industrial 11 25 Total $ 2,361 $ 3,027 The CARES Act also addressed COVID- 19 March 1, 2020 60 December 31, 2020, December 31, 2019, not 19 not 2020, 90 3 6 19. not September 30, 2021, Prior to 2020, 2020 2021, not September 30, 2021 December 31, 2020. September 30, 2021 December 31, 2020. Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of September 30, 2021 December 31, 2020, Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized September 30, 2021: With no related allowance recorded: Real estate, construction $ 136 $ 136 $ $ 135 $ Real estate, mortgage 2,561 2,561 2,705 21 Total 2,697 2,697 2,840 21 With a related allowance recorded: Real estate, construction 193 193 106 199 Real estate, mortgage 201 201 70 204 5 Commercial and industrial 11 11 4 18 Total 405 405 180 421 5 Total by class of loans: Real estate, construction 329 329 106 334 Real estate, mortgage 2,762 2,762 70 2,909 26 Commercial and industrial 11 11 4 18 Total $ 3,102 $ 3,102 $ 180 $ 3,261 $ 26 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2020: With no related allowance recorded: Real estate, construction $ 304 $ 239 $ $ 246 $ 11 Real estate, mortgage 3,112 3,112 3,496 39 Total 3,416 3,351 3,742 50 With a related allowance recorded: Real estate, construction 211 211 20 214 Real estate, mortgage 253 253 76 250 6 Commercial and industrial 25 25 4 31 Total 489 489 100 495 6 Total by class of loans: Real estate, construction 515 450 20 460 11 Real estate, mortgage 3,365 3,365 76 3,746 45 Commercial and industrial 25 25 4 31 Total $ 3,905 $ 3,840 $ 100 $ 4,237 $ 56 |
Note 6 - Allowance for Loan Los
Note 6 - Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | 6. Transactions in the allowance for loan losses for the quarters and nine September 30, 2021 2020, September 30, 2021 2020, Gaming Hotel/Motel Real Estate, Construction Real Estate, Mortgage Commercial and Industrial Other Total For the Nine Months Ended September 30, 2021: Allowance for Loan Losses: Beginning balance $ 186 $ 754 $ 111 $ 2,849 $ 417 $ 109 $ 4,426 Charge-offs (2 ) (2 ) (220 ) (224 ) Recoveries 18 4,565 89 101 4,773 Provision (1 ) 138 105 (5,167 ) (172 ) 93 (5,004 ) Ending Balance $ 185 $ 892 $ 232 $ 2,245 $ 334 $ 83 $ 3,971 For the Quarter Ended September 30, 2021: Allowance for Loan Losses: Beginning Balance $ 190 $ 939 $ 177 $ 2,336 $ 357 $ 129 $ 4,128 Charge-offs (85 ) (85 ) Recoveries 55 14 32 101 Provision (5 ) (47 ) 55 (146 ) (37 ) 7 (173 ) Ending Balance $ 185 $ 892 $ 232 $ 2,245 $ 334 $ 83 $ 3,971 Allowance for Loan Losses, September 30, 2021: Ending balance: individually evaluated for impairment $ $ $ 106 $ 123 $ 33 $ $ 262 Ending balance: collectively evaluated for impairment $ 185 $ 892 $ 126 $ 2,122 $ 301 $ 83 $ 3,709 Total Loans, September 30, 2021: Ending balance: individually evaluated for impairment $ $ $ 412 $ 5,510 $ 61 $ 14 $ 5,997 Ending balance: collectively evaluated for impairment $ 14,364 $ 49,902 $ 26,568 $ 123,123 $ 23,711 $ 7,381 $ 245,049 Gaming Hotel/Motel Real Estate, Construction Real Estate, Mortgage Commercial and Industrial Other Total For the Nine Months Ended September 30, 2020: Allowance for Loan Losses: Beginning balance $ 223 $ 779 $ 102 $ 2,454 $ 553 $ 96 $ 4,207 Charge-offs (17 ) (5,472 ) (261 ) (188 ) (5,938 ) Recoveries 24 28 132 184 Provision (34 ) (38 ) (15 ) 5,845 120 70 5,948 Ending Balance $ 189 $ 741 $ 94 $ 2,827 $ 440 $ 110 $ 4,401 For the Quarter Ended September 30, 2020: Allowance for Loan Losses: Beginning Balance $ 208 $ 739 $ 83 $ 3,748 $ 448 $ 103 $ 5,329 Charge-offs (17 ) (5,464 ) (13 ) (48 ) (5,542 ) Recoveries 24 5 34 63 Provision (19 ) 2 4 4,543 21 4,551 Ending Balance $ 189 $ 741 $ 94 $ 2,827 $ 440 $ 110 $ 4,401 Allowance for Loan Losses, September 30, 2020: Ending balance: individually evaluated for impairment $ $ $ 20 $ 249 $ 15 $ 5 $ 289 Ending balance: collectively evaluated for impairment $ 189 $ 741 $ 74 $ 2,578 $ 425 $ 105 $ 4,112 Total Loans, September 30, 2020: Ending balance: individually evaluated for impairment $ 2,827 $ $ 527 $ 7,661 $ 75 $ 16 $ 11,106 Ending balance: collectively evaluated for impairment $ 17,033 $ 45,735 $ 25,084 $ 137,178 $ 45,285 $ 5,146 $ 275,461 |
Note 7 - Deposits
Note 7 - Deposits | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | 7. Time deposits of $250,000 September 30, 2021 December 31, 2020, |
Note 8 - Shareholders' Equity
Note 8 - Shareholders' Equity | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 8. On March 24, 2021 $.10 April 8, 2021 April 5, 2021 On April 28, 2021, September 30, 2021, September 30, 2021, |
Note 9 - Fair Value Measurement
Note 9 - Fair Value Measurements and Disclosures | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 9. The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Available for sale securities are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may not Fair Value Hierarchy The Company groups assets and liabilities at fair value in three Level 1 Level 2 not Level 3 one not Following is a description of valuation methodologies used to determine the fair value of financial assets and liabilities. Cash and Due from Banks The carrying amount shown as cash and due from banks approximates fair value. Available for Sale Securities The fair value of available for sale securities is based on quoted market prices. The Company’s available for sale securities are reported at their estimated fair value, which is determined utilizing several sources. The primary source is ICE Data Pricing and Reference Date, LLC (“ICE”) which purchased Interactive Data Corporation (“IDC”) but kept the IDC methodologies. Those methodologies include utilizing pricing models that vary based on asset class and include available trade, bid and other market information and whose methodology includes broker quotes, proprietary models and vast descriptive databases. Another source for determining fair value is matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark securities. The Company’s available for sale securities for which fair value is determined through the use of such pricing models and matrix pricing are classified as Level 2 Held to Maturity Securities The fair value of held to maturity securities is based on quoted market prices. The Company’s held to maturity securities are reported at their amortized cost, and their estimated fair value, which is determined utilizing several sources, is disclosed in the financial statements and footnotes. The primary source is ICE Data Pricing and Reference Date, LLC (“ICE”) which purchased Interactive Data Corporation (“IDC”) but kept the IDC methodologies. Those methodologies include utilizing pricing models that vary based on asset class and include available trade, bid and other market information and whose methodology includes broker quotes, proprietary models and vast descriptive databases. Another source for determining fair value is matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark securities. The Company’s held to maturity securities for which fair value is determined through the use of such pricing models and matrix pricing are classified as Level 2 Other Investments The carrying amount shown as other investments approximates fair value. Federal Home Loan Bank Stock The carrying amount shown as Federal Home Loan Bank Stock approximates fair value. Loans The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings for the remaining maturities. The cash flows considered in computing the fair value of such loans are segmented into categories relating to the nature of the contract and collateral based on contractual principal maturities. Appropriate adjustments are made to reflect probable credit losses. Cash flows have not third 3 Other Real Estate In the course of lending operations, Management may third one 3 Cash Surrender Value of Life Insurance The carrying amount of cash surrender value of bank-owned life insurance approximates fair value. Deposits The fair value of non-interest bearing demand and interest bearing savings and demand deposits is the amount reported in the financial statements. The fair value of time deposits is estimated by discounting the cash flows using current rates of time deposits with similar remaining maturities. The cash flows considered in computing the fair value of such deposits are based on contractual maturities, since approximately 98% of time deposits provide for automatic renewal at current interest rates. Borrowings from Federal Home Loan Bank The fair value of Federal Home Loan Bank (“FHLB”) fixed rate borrowings is estimated using discounted cash flows based on current incremental borrowing rates for similar types of borrowing arrangements. The fair value of FHLB variable rate borrowings is estimated to be its carrying value. The balances of available for sale securities, which are the only assets measured at fair value on a recurring basis, by level within the fair value hierarchy and by investment type, as of September 30, 2021 December 31, 2020 Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2021: U.S. Treasuries $ 74,041 $ $ 74,041 $ U.S. Government agencies 2,520 2,520 Mortgage-backed securities 66,131 66,131 Collateralized mortgage obligations 128,305 128,305 States and political subdivisions 83,169 83,169 Total $ 354,166 $ $ 354,166 $ December 31, 2020: U.S. Treasuries $ 20,124 $ $ 20,124 $ U.S. Government agencies 2,583 2,583 Mortgage-backed securities 72,676 72,676 Collateralized mortgage obligations 45,437 45,437 States and political subdivisions 39,310 39,310 Total $ 180,130 $ $ 180,130 $ Impaired loans, which are measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of September 30, 2021 December 31, 2020 Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2021 $ 225 $ $ $ 225 December 31, 2020 493 493 Other real estate, which is measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of September 30, 2021 December 31, 2020 Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2021 $ 2,525 $ $ $ 2,525 December 31, 2020 3,475 3,475 The following table presents a summary of changes in the fair value of other real estate which is measured using level 3 For the Nine For the Year Months Ended Ended September 30, 2021 December 31, 2020 Balance, beginning of period $ 3,475 $ 7,453 Loans transferred to ORE 14 753 Sales (665 ) (4,070 ) Writedowns (299 ) (661 ) Balance, end of period $ 2,525 $ 3,475 The carrying value and estimated fair value of financial instruments, by level within the fair value hierarchy, at September 30, 2021 December 31, 2020, Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total September 30, 2021: Financial Assets: Cash and due from banks $ 66,965 $ 66,965 $ $ $ 66,965 Available for sale securities 354,166 354,166 354,166 Held to maturity securities 110,563 112,324 112,324 Other investments 2,447 2,447 2,447 Federal Home Loan Bank stock 2,152 2,152 2,152 Loans, net 247,075 249,973 249,973 Cash surrender value of life insurance 20,028 20,028 20,028 Financial Liabilities: Deposits: Non-interest bearing 201,040 201,040 201,040 Interest bearing 504,980 506,548 506,548 Borrowings from Federal Home Loan Bank 903 1,161 1,161 Carrying Fair value Measuremeents Using Amount Level 1 Level 2 Level 3 Total December 31, 2020: Financial Assets: Cash and due from banks $ 91,542 $ 91,542 $ $ $ 91,542 Available for sale securities 180,130 180,130 180,130 Held to maturity securities 75,688 78,474 78,474 Other investments 2,593 2,593 2,593 Federal Home Loan Bank stock 2,149 2,149 2,149 Loans, net 273,995 278,898 278,898 Cash surrender value of life insurance 19,609 19,609 19,609 Financial Liabilities: Deposits: Non-interest bearing 170,269 170,269 170,269 Interest bearing 380,229 380,733 380,733 Borrowings from Federal Home Loan Bank 969 1,316 1,316 |
Note 4 - Investments (Tables)
Note 4 - Investments (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | Gross Gross Unrealized Unrealized September 30, 2021 Amortized Cost Gains Losses Fair Value Available for sale securities: U.S. Treasuries $ 73,846 $ 410 $ (215 ) $ 74,041 U.S. Government agencies 2,500 20 2,520 Mortgage-backed securities 64,738 1,679 (286 ) 66,131 Collateralized mortgage obligations 127,761 1,074 (530 ) 128,305 States and political subdivisions 84,136 341 (1,308 ) 83,169 Total available for sale securities $ 352,981 $ 3,524 $ (2,339 ) $ 354,166 Held to maturity securities: States and political subdivisions $ 110,563 $ 2,146 $ (385 ) $ 112,324 Total held to maturity securities $ 110,563 $ 2,146 $ (385 ) $ 112,324 Gross Gross Unrealized Unrealized December 31, 2020 Amortized Cost Gains Losses Fair Value Available for sale securities: U.S. Treasuries $ 19,999 $ 125 $ $ 20,124 U.S. Government agencies 2,500 83 2,583 Mortgage-backed securities 69,485 3,237 (46 ) 72,676 Collateralized mortgage obligations 44,230 1,207 45,437 States and political subdivisions 38,600 751 (41 ) 39,310 Total available for sale securities $ 174,814 $ 5,403 $ (87 ) $ 180,130 Held to maturity securities: States and political subdivisions $ 75,688 $ 2,809 $ (23 ) $ 78,474 Total held to maturity securities $ 75,688 $ 2,809 $ (23 ) $ 78,474 |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | Amortized Cost Fair Value Available for sale securities: Due in one year or less $ 565 $ 565 Due after one year through five years 929 937 Due after five years through ten years 95,419 95,437 Due after ten years 63,569 62,791 Mortgage-backed securities 64,738 66,131 Collalaterized mortgage obligations 127,761 128,305 Totals $ 352,981 $ 354,166 Held to maturity securities: Due in one year or less $ 4,582 $ 4,612 Due after one year through five years 18,567 19,215 Due after five years through ten years 42,605 43,042 Due after ten years 44,809 45,455 Totals $ 110,563 $ 112,324 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block] | Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2021: U.S. Treasuries $ 29,583 $ 215 $ $ $ 29,583 $ 215 Mortgage-backed securities 10,618 286 10,618 286 Collateralized mortgage obligations 52,550 530 52,550 530 States and political subdivisions 90,079 1,634 1,220 59 91,299 1,693 TOTAL $ 182,830 $ 2,665 $ 1,220 $ 59 $ 184,050 $ 2,724 December 31, 2020: Mortgage-backed securities 6,278 30 1,619 16 7,897 46 States and political subdivisions 12,335 64 12,335 64 TOTAL $ 18,613 $ 94 $ 1,619 $ 16 $ 20,232 $ 110 |
Note 5 - Loans (Tables)
Note 5 - Loans (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, 2021 December 31, 2020 Gaming $ 14,364 $ 18,765 Hotel/motel 49,902 45,499 Real estate, construction 26,980 26,609 Real estate, mortgage 128,633 144,276 Commercial and industrial 23,772 37,429 Other 7,395 5,843 Total $ 251,046 $ 278,421 |
Financing Receivable, Past Due [Table Text Block] | Loans Past Due Greater Number of Days Past Due Than 90 Greater Total Total Days & 30 59 60 89 Than 90 Past Due Current Loans Still Accruing September 30, 2021: Gaming $ $ $ $ $ 14,364 $ 14,364 $ Hotel/motel 49,902 49,902 Real estate, construction 8 8 26,972 26,980 Real estate, mortgage 586 51 64 701 127,932 128,633 Commercial and industrial 23,772 23,772 Other 12 12 7,383 7,395 Total $ 598 $ 59 $ 64 $ 721 $ 250,325 $ 251,046 $ December 31, 2020: Gaming $ $ $ $ $ 18,765 $ 18,765 $ Hotel/motel 45,499 45,499 Real estate, construction 277 277 26,332 26,609 Real estate, mortgage 2,865 263 118 3,246 141,030 144,276 Commercial and industrial 80 80 37,349 37,429 Other 63 63 5,780 5,843 Total $ 3,285 $ 263 $ 118 $ 3,666 $ 274,755 $ 278,421 $ |
Financing Receivable Credit Quality Indicators [Table Text Block] | Loans With A Grade Of: A, B or C S D E F Total September 30, 2021: Gaming $ 14,364 $ $ $ $ $ 14,364 Hotel/motel 49,902 49,902 Real estate, construction 26,568 8 404 26,980 Real estate, mortgage 115,345 7,778 3,417 2,093 128,633 Commercial and industrial 19,364 4,347 29 32 23,772 Other 7,381 14 7,395 Total $ 232,924 $ 12,125 $ 3,468 $ 2,529 $ $ 251,046 December 31, 2020: Gaming $ 15,938 $ $ 2,827 $ $ $ 18,765 Hotel/motel 45,499 45,499 Real estate, construction 26,098 61 450 26,609 Real estate, mortgage 129,825 7,977 3,741 2,733 144,276 Commercial and industrial 31,810 5,525 45 49 37,429 Other 5,822 21 5,843 Total $ 254,992 $ 13,502 $ 6,695 $ 3,232 $ $ 278,421 |
Financing Receivable, Nonaccrual [Table Text Block] | September 30, 2021 December 31, 2020 Real estate, construction $ 329 $ 346 Real estate, mortgage 2,021 2,656 Commercial and industrial 11 25 Total $ 2,361 $ 3,027 |
Impaired Financing Receivables [Table Text Block] | Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized September 30, 2021: With no related allowance recorded: Real estate, construction $ 136 $ 136 $ $ 135 $ Real estate, mortgage 2,561 2,561 2,705 21 Total 2,697 2,697 2,840 21 With a related allowance recorded: Real estate, construction 193 193 106 199 Real estate, mortgage 201 201 70 204 5 Commercial and industrial 11 11 4 18 Total 405 405 180 421 5 Total by class of loans: Real estate, construction 329 329 106 334 Real estate, mortgage 2,762 2,762 70 2,909 26 Commercial and industrial 11 11 4 18 Total $ 3,102 $ 3,102 $ 180 $ 3,261 $ 26 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2020: With no related allowance recorded: Real estate, construction $ 304 $ 239 $ $ 246 $ 11 Real estate, mortgage 3,112 3,112 3,496 39 Total 3,416 3,351 3,742 50 With a related allowance recorded: Real estate, construction 211 211 20 214 Real estate, mortgage 253 253 76 250 6 Commercial and industrial 25 25 4 31 Total 489 489 100 495 6 Total by class of loans: Real estate, construction 515 450 20 460 11 Real estate, mortgage 3,365 3,365 76 3,746 45 Commercial and industrial 25 25 4 31 Total $ 3,905 $ 3,840 $ 100 $ 4,237 $ 56 |
Note 6 - Allowance for Loan L_2
Note 6 - Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Gaming Hotel/Motel Real Estate, Construction Real Estate, Mortgage Commercial and Industrial Other Total For the Nine Months Ended September 30, 2021: Allowance for Loan Losses: Beginning balance $ 186 $ 754 $ 111 $ 2,849 $ 417 $ 109 $ 4,426 Charge-offs (2 ) (2 ) (220 ) (224 ) Recoveries 18 4,565 89 101 4,773 Provision (1 ) 138 105 (5,167 ) (172 ) 93 (5,004 ) Ending Balance $ 185 $ 892 $ 232 $ 2,245 $ 334 $ 83 $ 3,971 For the Quarter Ended September 30, 2021: Allowance for Loan Losses: Beginning Balance $ 190 $ 939 $ 177 $ 2,336 $ 357 $ 129 $ 4,128 Charge-offs (85 ) (85 ) Recoveries 55 14 32 101 Provision (5 ) (47 ) 55 (146 ) (37 ) 7 (173 ) Ending Balance $ 185 $ 892 $ 232 $ 2,245 $ 334 $ 83 $ 3,971 Allowance for Loan Losses, September 30, 2021: Ending balance: individually evaluated for impairment $ $ $ 106 $ 123 $ 33 $ $ 262 Ending balance: collectively evaluated for impairment $ 185 $ 892 $ 126 $ 2,122 $ 301 $ 83 $ 3,709 Total Loans, September 30, 2021: Ending balance: individually evaluated for impairment $ $ $ 412 $ 5,510 $ 61 $ 14 $ 5,997 Ending balance: collectively evaluated for impairment $ 14,364 $ 49,902 $ 26,568 $ 123,123 $ 23,711 $ 7,381 $ 245,049 Gaming Hotel/Motel Real Estate, Construction Real Estate, Mortgage Commercial and Industrial Other Total For the Nine Months Ended September 30, 2020: Allowance for Loan Losses: Beginning balance $ 223 $ 779 $ 102 $ 2,454 $ 553 $ 96 $ 4,207 Charge-offs (17 ) (5,472 ) (261 ) (188 ) (5,938 ) Recoveries 24 28 132 184 Provision (34 ) (38 ) (15 ) 5,845 120 70 5,948 Ending Balance $ 189 $ 741 $ 94 $ 2,827 $ 440 $ 110 $ 4,401 For the Quarter Ended September 30, 2020: Allowance for Loan Losses: Beginning Balance $ 208 $ 739 $ 83 $ 3,748 $ 448 $ 103 $ 5,329 Charge-offs (17 ) (5,464 ) (13 ) (48 ) (5,542 ) Recoveries 24 5 34 63 Provision (19 ) 2 4 4,543 21 4,551 Ending Balance $ 189 $ 741 $ 94 $ 2,827 $ 440 $ 110 $ 4,401 Allowance for Loan Losses, September 30, 2020: Ending balance: individually evaluated for impairment $ $ $ 20 $ 249 $ 15 $ 5 $ 289 Ending balance: collectively evaluated for impairment $ 189 $ 741 $ 74 $ 2,578 $ 425 $ 105 $ 4,112 Total Loans, September 30, 2020: Ending balance: individually evaluated for impairment $ 2,827 $ $ 527 $ 7,661 $ 75 $ 16 $ 11,106 Ending balance: collectively evaluated for impairment $ 17,033 $ 45,735 $ 25,084 $ 137,178 $ 45,285 $ 5,146 $ 275,461 |
Note 9 - Fair Value Measureme_2
Note 9 - Fair Value Measurements and Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2021: U.S. Treasuries $ 74,041 $ $ 74,041 $ U.S. Government agencies 2,520 2,520 Mortgage-backed securities 66,131 66,131 Collateralized mortgage obligations 128,305 128,305 States and political subdivisions 83,169 83,169 Total $ 354,166 $ $ 354,166 $ December 31, 2020: U.S. Treasuries $ 20,124 $ $ 20,124 $ U.S. Government agencies 2,583 2,583 Mortgage-backed securities 72,676 72,676 Collateralized mortgage obligations 45,437 45,437 States and political subdivisions 39,310 39,310 Total $ 180,130 $ $ 180,130 $ |
Schedule of Change in Other Real Estate [Table Text Block] | For the Nine For the Year Months Ended Ended September 30, 2021 December 31, 2020 Balance, beginning of period $ 3,475 $ 7,453 Loans transferred to ORE 14 753 Sales (665 ) (4,070 ) Writedowns (299 ) (661 ) Balance, end of period $ 2,525 $ 3,475 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total September 30, 2021: Financial Assets: Cash and due from banks $ 66,965 $ 66,965 $ $ $ 66,965 Available for sale securities 354,166 354,166 354,166 Held to maturity securities 110,563 112,324 112,324 Other investments 2,447 2,447 2,447 Federal Home Loan Bank stock 2,152 2,152 2,152 Loans, net 247,075 249,973 249,973 Cash surrender value of life insurance 20,028 20,028 20,028 Financial Liabilities: Deposits: Non-interest bearing 201,040 201,040 201,040 Interest bearing 504,980 506,548 506,548 Borrowings from Federal Home Loan Bank 903 1,161 1,161 Carrying Fair value Measuremeents Using Amount Level 1 Level 2 Level 3 Total December 31, 2020: Financial Assets: Cash and due from banks $ 91,542 $ 91,542 $ $ $ 91,542 Available for sale securities 180,130 180,130 180,130 Held to maturity securities 75,688 78,474 78,474 Other investments 2,593 2,593 2,593 Federal Home Loan Bank stock 2,149 2,149 2,149 Loans, net 273,995 278,898 278,898 Cash surrender value of life insurance 19,609 19,609 19,609 Financial Liabilities: Deposits: Non-interest bearing 170,269 170,269 170,269 Interest bearing 380,229 380,733 380,733 Borrowings from Federal Home Loan Bank 969 1,316 1,316 |
Other Real Estate [Member] | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2021 $ 2,525 $ $ $ 2,525 December 31, 2020 3,475 3,475 |
Impaired Loans Receivable [Member] | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2021 $ 225 $ $ $ 225 December 31, 2020 493 493 |
Note 2 - Earnings Per Share (De
Note 2 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Weighted Average Number of Shares Outstanding, Basic and Diluted (in shares) | 4,878,557 | 4,882,940 | 4,878,557 | 4,898,051 |
Note 3 - Statements of Cash F_2
Note 3 - Statements of Cash Flows (Details Textual) - USD ($) | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Interest Paid, Excluding Capitalized Interest, Operating Activities | $ 697,154 | $ 1,331,012 |
Income Taxes Paid, Net, Total | 165,000 | 0 |
Real Estate Owned, Transfer to Real Estate Owned | $ 13,648 | $ 0 |
Note 4 - Investments (Details T
Note 4 - Investments (Details Textual) | 9 Months Ended | ||
Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Dec. 31, 2020USD ($) | |
Proceeds from Sale of Debt Securities, Available-for-sale | $ 0 | $ 28,457,360 | |
Debt and Equity Securities, Realized Gain (Loss), Total | $ 538,907 | ||
Security Owned and Pledged as Collateral, Fair Value, Total | $ 325,329,037 | $ 206,544,282 | |
US Treasury Securities [Member] | |||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | ||
Securities, Qualitative Disclosure, Number of Positions | 6 | ||
Collateralized Mortgage Backed Securities [Member] | |||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 3 | ||
Securities, Qualitative Disclosure, Number of Positions | 46 | ||
Collateralized Mortgage Obligations [Member] | |||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 13 | ||
Securities, Qualitative Disclosure, Number of Positions | 33 | ||
US States and Political Subdivisions Debt Securities [Member] | |||
Securities In Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 78 | ||
Securities, Qualitative Disclosure, Number of Positions | 213 |
Note 4 - Investments - Amortize
Note 4 - Investments - Amortized Cost and Fair Value Of Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Available for sale securities, amortized cost | $ 352,981 | $ 174,814 |
Available for sale securities, gross unrealized gains | 3,524 | 5,403 |
Available for sale securities, gross unrealized losses | (2,339) | (87) |
Available for sale securities, fair value | 354,166 | 180,130 |
Held to maturity securities, amortized cost | 110,563 | 75,688 |
Held to maturity securities, gross unrealized gains | 2,146 | 2,809 |
Held to maturity securities, gross unrealized losses | (385) | (23) |
Held to maturity securities, fair value | 112,324 | 78,474 |
US Treasury Securities [Member] | ||
Available for sale securities, amortized cost | 73,846 | 19,999 |
Available for sale securities, gross unrealized gains | 410 | 125 |
Available for sale securities, gross unrealized losses | (215) | |
Available for sale securities, fair value | 74,041 | 20,124 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities, amortized cost | 2,500 | 2,500 |
Available for sale securities, gross unrealized gains | 20 | 83 |
Available for sale securities, gross unrealized losses | ||
Available for sale securities, fair value | 2,520 | 2,583 |
Collateralized Mortgage Backed Securities [Member] | ||
Available for sale securities, amortized cost | 64,738 | 69,485 |
Available for sale securities, gross unrealized gains | 1,679 | 3,237 |
Available for sale securities, gross unrealized losses | (286) | (46) |
Available for sale securities, fair value | 66,131 | 72,676 |
Collateralized Mortgage Obligations [Member] | ||
Available for sale securities, amortized cost | 127,761 | 44,230 |
Available for sale securities, gross unrealized gains | 1,074 | 1,207 |
Available for sale securities, gross unrealized losses | (530) | |
Available for sale securities, fair value | 128,305 | 45,437 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 84,136 | 38,600 |
Available for sale securities, gross unrealized gains | 341 | 751 |
Available for sale securities, gross unrealized losses | (1,308) | (41) |
Available for sale securities, fair value | 83,169 | 39,310 |
Held to maturity securities, amortized cost | 110,563 | 75,688 |
Held to maturity securities, gross unrealized gains | 2,146 | 2,809 |
Held to maturity securities, gross unrealized losses | (385) | (23) |
Held to maturity securities, fair value | $ 112,324 | $ 78,474 |
Note 4 - Investments - Amorti_2
Note 4 - Investments - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Available for sale securities, due in one year or less, amortized cost | $ 565 | |
Available for sale securities, due in one year or less, fair value | 565 | |
Available for sale securities, due after one year through five years, amortized cost | 929 | |
Available for sale securities, due after one year through five years, fair value | 937 | |
Available for sale securities, due after five years through ten years, amortized cost | 95,419 | |
Available for sale securities, due after five years through ten years, fair value | 95,437 | |
Available for sale securities, due after ten years, amortized cost | 63,569 | |
Available for sale securities, due after ten years, fair value | 62,791 | |
Available for sale securities, amortized cost | 352,981 | $ 174,814 |
Available for sale securities, fair value | 354,166 | 180,130 |
Held to maturity securities, due in one year or less, amortized cost | 4,582 | |
Held to maturity securities, due in one year or less, fair value | 4,612 | |
Held to maturity securities, due after one years through five years, amortized cost | 18,567 | |
Held to maturity securities, due after one year through five years, fair value | 19,215 | |
Held to maturity securities, due after five years through ten years, amortized cost | 42,605 | |
Held to maturity securities, due after five years through ten years, fair value | 43,042 | |
Held to maturity securities, due after ten years, amortized cost | 44,809 | |
Held to maturity securities, due after ten years, fair value | 45,455 | |
Held to maturity securities, amortized cost | 110,563 | 75,688 |
Held to maturity securities, fair value | 112,324 | 78,474 |
Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale, maturity, without single maturity date, amortized cost | 64,738 | |
Available-for-sale, maturity, without single maturity date, fair value | 66,131 | |
Available for sale securities, amortized cost | 64,738 | 69,485 |
Available for sale securities, fair value | 66,131 | 72,676 |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale, maturity, without single maturity date, amortized cost | 127,761 | |
Available-for-sale, maturity, without single maturity date, fair value | 128,305 | |
Available for sale securities, amortized cost | 127,761 | 44,230 |
Available for sale securities, fair value | $ 128,305 | $ 45,437 |
Note 4 - Investments - Availabl
Note 4 - Investments - Available for Sale and Held to Maturity Securities with Gross Unrealized Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Less Than Twelve Months, Fair Value | $ 182,830 | $ 18,613 |
Less Than Twelve Months, Gross Unrealized Losses | 2,665 | 94 |
Over Twelve Months, Fair Value | 1,220 | 1,619 |
Over Twelve Months, Gross Unrealized Losses | 59 | 16 |
Total, Fair Value | 184,050 | 20,232 |
Total, Gross Unrealized Losses | 2,724 | 110 |
US Treasury Securities [Member] | ||
Less Than Twelve Months, Fair Value | 29,583 | |
Less Than Twelve Months, Gross Unrealized Losses | 215 | |
Over Twelve Months, Fair Value | ||
Over Twelve Months, Gross Unrealized Losses | ||
Total, Fair Value | 29,583 | |
Total, Gross Unrealized Losses | 215 | |
Collateralized Mortgage Backed Securities [Member] | ||
Less Than Twelve Months, Fair Value | 10,618 | 6,278 |
Less Than Twelve Months, Gross Unrealized Losses | 286 | 30 |
Over Twelve Months, Fair Value | 1,619 | |
Over Twelve Months, Gross Unrealized Losses | 16 | |
Total, Fair Value | 10,618 | 7,897 |
Total, Gross Unrealized Losses | 286 | 46 |
Collateralized Mortgage Obligations [Member] | ||
Less Than Twelve Months, Fair Value | 52,550 | |
Less Than Twelve Months, Gross Unrealized Losses | 530 | |
Over Twelve Months, Fair Value | ||
Over Twelve Months, Gross Unrealized Losses | ||
Total, Fair Value | 52,550 | |
Total, Gross Unrealized Losses | 530 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Less Than Twelve Months, Fair Value | 90,079 | 12,335 |
Less Than Twelve Months, Gross Unrealized Losses | 1,634 | 64 |
Over Twelve Months, Fair Value | 1,220 | |
Over Twelve Months, Gross Unrealized Losses | 59 | |
Total, Fair Value | 91,299 | 12,335 |
Total, Gross Unrealized Losses | $ 1,693 | $ 64 |
Note 5 - Loans (Details Textual
Note 5 - Loans (Details Textual) | Mar. 27, 2020 | Sep. 30, 2021USD ($) | Dec. 31, 2020USD ($) | Jun. 30, 2020USD ($) |
Loans and Leases Receivable, Gross, Total | $ 251,046,000 | $ 278,421,000 | ||
Financing Receivable, Number of Payment Deferrals | 249 | |||
Financing Receivable, Deferred Payments | $ 95,010,325 | |||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | ||
Allocated Specific Reserves To Modified TDRs | $ 50,000 | $ 50,000 | ||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | 0 | $ 0 | ||
SBA CARES Act Paycheck Protection Program [Member] | ||||
Financing Receivable, Number 0f Loans Closing | 363 | |||
Loans and Leases Receivable, Gross, Total | $ 1,090,452 | $ 22,445,026 | ||
Financing Receivable, Number of Loans Outstanding | 4 | |||
SBA CARES Act Paycheck Protection Program [Member] | PPP Loans 2021 [Member] | ||||
Loans and Leases Receivable, Gross, Total | $ 5,539,326 | |||
Financing Receivable, Number of Loans Outstanding | 80 |
Note 5 - Loans - Composition of
Note 5 - Loans - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Loans and Leases Receivable, Gross, Total | $ 251,046 | $ 278,421 |
Gaming [Member] | ||
Loans and Leases Receivable, Gross, Total | 14,364 | 18,765 |
Hotel/Motel [Member] | ||
Loans and Leases Receivable, Gross, Total | 49,902 | 45,499 |
Real Estate, Construction [Member] | ||
Loans and Leases Receivable, Gross, Total | 26,980 | 26,609 |
Real Estate, Mortgage [Member] | ||
Loans and Leases Receivable, Gross, Total | 128,633 | 144,276 |
Commercial And Industrial Loan [Member] | ||
Loans and Leases Receivable, Gross, Total | 23,772 | 37,429 |
Other Loan [Member] | ||
Loans and Leases Receivable, Gross, Total | $ 7,395 | $ 5,843 |
Note 5 - Loans - Age Analysis o
Note 5 - Loans - Age Analysis of the Loan Portfolio, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Loans | $ 251,046 | $ 278,421 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans | 598 | 3,285 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans | 59 | 263 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans | 64 | 118 |
Financial Asset, Past Due [Member] | ||
Loans | 721 | 3,666 |
Financial Asset, Not Past Due [Member] | ||
Loans | 250,325 | 274,755 |
Gaming [Member] | ||
Loans | 14,364 | 18,765 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Gaming [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans | ||
Gaming [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans | ||
Gaming [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans | ||
Gaming [Member] | Financial Asset, Past Due [Member] | ||
Loans | ||
Gaming [Member] | Financial Asset, Not Past Due [Member] | ||
Loans | 14,364 | 18,765 |
Hotel/Motel [Member] | ||
Loans | 49,902 | 45,499 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Hotel/Motel [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans | ||
Hotel/Motel [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans | ||
Hotel/Motel [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans | ||
Hotel/Motel [Member] | Financial Asset, Past Due [Member] | ||
Loans | ||
Hotel/Motel [Member] | Financial Asset, Not Past Due [Member] | ||
Loans | 49,902 | 45,499 |
Real Estate, Construction [Member] | ||
Loans | 26,980 | 26,609 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Real Estate, Construction [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans | 277 | |
Real Estate, Construction [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans | 8 | |
Real Estate, Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans | ||
Real Estate, Construction [Member] | Financial Asset, Past Due [Member] | ||
Loans | 8 | 277 |
Real Estate, Construction [Member] | Financial Asset, Not Past Due [Member] | ||
Loans | 26,972 | 26,332 |
Real Estate, Mortgage [Member] | ||
Loans | 128,633 | 144,276 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Real Estate, Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans | 586 | 2,865 |
Real Estate, Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans | 51 | 263 |
Real Estate, Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans | 64 | 118 |
Real Estate, Mortgage [Member] | Financial Asset, Past Due [Member] | ||
Loans | 701 | 3,246 |
Real Estate, Mortgage [Member] | Financial Asset, Not Past Due [Member] | ||
Loans | 127,932 | 141,030 |
Commercial And Industrial Loan [Member] | ||
Loans | 23,772 | 37,429 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Commercial And Industrial Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans | 80 | |
Commercial And Industrial Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans | ||
Commercial And Industrial Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans | ||
Commercial And Industrial Loan [Member] | Financial Asset, Past Due [Member] | ||
Loans | 80 | |
Commercial And Industrial Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Loans | 23,772 | 37,349 |
Other Loan [Member] | ||
Loans | 7,395 | 5,843 |
Loans Past Due Greater Than 90 Days and Still Accruing | ||
Other Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans | 12 | 63 |
Other Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans | ||
Other Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans | ||
Other Loan [Member] | Financial Asset, Past Due [Member] | ||
Loans | 12 | 63 |
Other Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Loans | $ 7,383 | $ 5,780 |
Note 5 - Loans - Analysis of Lo
Note 5 - Loans - Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Loans and Leases Receivable, Gross, Total | $ 251,046 | $ 278,421 |
A, B, or C [Member] | ||
Loans and Leases Receivable, Gross, Total | 232,924 | 254,992 |
D [Member] | ||
Loans and Leases Receivable, Gross, Total | 3,468 | 6,695 |
E [Member] | ||
Loans and Leases Receivable, Gross, Total | 2,529 | 3,232 |
S [Member] | ||
Loans and Leases Receivable, Gross, Total | 12,125 | 13,502 |
Gaming [Member] | ||
Loans and Leases Receivable, Gross, Total | 14,364 | 18,765 |
Gaming [Member] | A, B, or C [Member] | ||
Loans and Leases Receivable, Gross, Total | 14,364 | 15,938 |
Gaming [Member] | D [Member] | ||
Loans and Leases Receivable, Gross, Total | 2,827 | |
Hotel/Motel [Member] | ||
Loans and Leases Receivable, Gross, Total | 49,902 | 45,499 |
Hotel/Motel [Member] | A, B, or C [Member] | ||
Loans and Leases Receivable, Gross, Total | 49,902 | 45,499 |
Real Estate, Construction [Member] | ||
Loans and Leases Receivable, Gross, Total | 26,980 | 26,609 |
Real Estate, Construction [Member] | A, B, or C [Member] | ||
Loans and Leases Receivable, Gross, Total | 26,568 | 26,098 |
Real Estate, Construction [Member] | D [Member] | ||
Loans and Leases Receivable, Gross, Total | 8 | 61 |
Real Estate, Construction [Member] | E [Member] | ||
Loans and Leases Receivable, Gross, Total | 404 | 450 |
Real Estate, Mortgage [Member] | ||
Loans and Leases Receivable, Gross, Total | 128,633 | 144,276 |
Real Estate, Mortgage [Member] | A, B, or C [Member] | ||
Loans and Leases Receivable, Gross, Total | 115,345 | 129,825 |
Real Estate, Mortgage [Member] | D [Member] | ||
Loans and Leases Receivable, Gross, Total | 3,417 | 3,741 |
Real Estate, Mortgage [Member] | E [Member] | ||
Loans and Leases Receivable, Gross, Total | 2,093 | 2,733 |
Real Estate, Mortgage [Member] | S [Member] | ||
Loans and Leases Receivable, Gross, Total | 7,778 | 7,977 |
Commercial And Industrial Loan [Member] | ||
Loans and Leases Receivable, Gross, Total | 23,772 | 37,429 |
Commercial And Industrial Loan [Member] | A, B, or C [Member] | ||
Loans and Leases Receivable, Gross, Total | 19,364 | 31,810 |
Commercial And Industrial Loan [Member] | D [Member] | ||
Loans and Leases Receivable, Gross, Total | 29 | 45 |
Commercial And Industrial Loan [Member] | E [Member] | ||
Loans and Leases Receivable, Gross, Total | 32 | 49 |
Commercial And Industrial Loan [Member] | S [Member] | ||
Loans and Leases Receivable, Gross, Total | 4,347 | 5,525 |
Other Loan [Member] | ||
Loans and Leases Receivable, Gross, Total | 7,395 | 5,843 |
Other Loan [Member] | A, B, or C [Member] | ||
Loans and Leases Receivable, Gross, Total | 7,381 | 5,822 |
Other Loan [Member] | D [Member] | ||
Loans and Leases Receivable, Gross, Total | $ 14 | $ 21 |
Note 5 - Loans - Total Loans on
Note 5 - Loans - Total Loans on Nonaccrual (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Total loans on nonaccrual | $ 2,361 | |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total loans on nonaccrual | $ 3,027 | |
Real Estate, Construction [Member] | ||
Total loans on nonaccrual | 329 | |
Real Estate, Construction [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total loans on nonaccrual | 346 | |
Real Estate, Mortgage [Member] | ||
Total loans on nonaccrual | 2,021 | |
Real Estate, Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total loans on nonaccrual | 2,656 | |
Commercial And Industrial Loan [Member] | ||
Total loans on nonaccrual | $ 11 | |
Commercial And Industrial Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total loans on nonaccrual | $ 25 |
Note 5 - Loans - Impaired Loans
Note 5 - Loans - Impaired Loans, Segregated by Class of Loans (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
With no related allowance recorded, Unpaid Principal Balance | $ 2,697 | $ 3,416 |
With no related allowance recorded, Recorded Investment | 2,697 | 3,351 |
With no related allowance recorded, Average Recorded Investment | 2,840 | 3,742 |
With no related allowance recorded, Interest Income Recognized | 21 | 50 |
With a related allowance recorded, Unpaid Principal Balance | 405 | 489 |
With a related allowance recorded, Recorded Investment | 405 | 489 |
Related Allowance | 180 | 100 |
With a related allowance recorded, Average Recorded Investment | 421 | 495 |
With a related allowance recorded, Interest Income Recognized | 5 | 6 |
Total by class of loans, Unpaid Principal Balance | 3,102 | 3,905 |
Total by class of loans, Recorded Investment | 3,102 | 3,840 |
Total by class of loans, Average Recorded Investment | 3,261 | 4,237 |
Total by class of loans, Interest Income Recognized | 26 | 56 |
Real Estate, Construction [Member] | ||
With no related allowance recorded, Unpaid Principal Balance | 136 | 304 |
With no related allowance recorded, Recorded Investment | 136 | 239 |
With no related allowance recorded, Average Recorded Investment | 135 | 246 |
With no related allowance recorded, Interest Income Recognized | 11 | |
With a related allowance recorded, Unpaid Principal Balance | 193 | 211 |
With a related allowance recorded, Recorded Investment | 193 | 211 |
Related Allowance | 106 | 20 |
With a related allowance recorded, Average Recorded Investment | 199 | 214 |
With a related allowance recorded, Interest Income Recognized | ||
Total by class of loans, Unpaid Principal Balance | 329 | 515 |
Total by class of loans, Recorded Investment | 329 | 450 |
Total by class of loans, Average Recorded Investment | 334 | 460 |
Total by class of loans, Interest Income Recognized | 11 | |
Real Estate, Mortgage [Member] | ||
With no related allowance recorded, Unpaid Principal Balance | 2,561 | 3,112 |
With no related allowance recorded, Recorded Investment | 2,561 | 3,112 |
With no related allowance recorded, Average Recorded Investment | 2,705 | 3,496 |
With no related allowance recorded, Interest Income Recognized | 21 | 39 |
With a related allowance recorded, Unpaid Principal Balance | 201 | 253 |
With a related allowance recorded, Recorded Investment | 201 | 253 |
Related Allowance | 70 | 76 |
With a related allowance recorded, Average Recorded Investment | 204 | 250 |
With a related allowance recorded, Interest Income Recognized | 5 | 6 |
Total by class of loans, Unpaid Principal Balance | 2,762 | 3,365 |
Total by class of loans, Recorded Investment | 2,762 | 3,365 |
Total by class of loans, Average Recorded Investment | 2,909 | 3,746 |
Total by class of loans, Interest Income Recognized | 26 | 45 |
Commercial And Industrial Loan [Member] | ||
With a related allowance recorded, Unpaid Principal Balance | 11 | 25 |
With a related allowance recorded, Recorded Investment | 11 | 25 |
Related Allowance | 4 | 4 |
With a related allowance recorded, Average Recorded Investment | 18 | 31 |
With a related allowance recorded, Interest Income Recognized | ||
Total by class of loans, Unpaid Principal Balance | 11 | 25 |
Total by class of loans, Recorded Investment | 11 | 25 |
Total by class of loans, Interest Income Recognized |
Note 6 - Allowance for Loan L_3
Note 6 - Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Beginning balance | $ 4,128 | $ 5,329 | $ 4,426 | $ 4,207 |
Charge-offs | (85) | (5,542) | (224) | (5,938) |
Recoveries | 101 | 63 | 4,773 | 184 |
Provision for (reduction of) allowance for loan losses | (173) | 4,551 | (5,004) | 5,948 |
Ending Balance | 3,971 | 4,401 | 3,971 | 4,401 |
Ending balance: individually evaluated for impairment | 262 | 289 | 262 | 289 |
Ending balance: collectively evaluated for impairment | 3,709 | 4,112 | 3,709 | 4,112 |
Ending balance: individually evaluated for impairment | 5,997 | 11,106 | 5,997 | 11,106 |
Ending balance: collectively evaluated for impairment | 245,049 | 275,461 | 245,049 | 275,461 |
Gaming [Member] | ||||
Beginning balance | 190 | 208 | 186 | 223 |
Charge-offs | ||||
Recoveries | ||||
Provision for (reduction of) allowance for loan losses | (5) | (19) | (1) | (34) |
Ending Balance | 185 | 189 | 185 | 189 |
Ending balance: individually evaluated for impairment | ||||
Ending balance: collectively evaluated for impairment | 185 | 189 | 185 | 189 |
Ending balance: individually evaluated for impairment | 2,827 | 2,827 | ||
Ending balance: collectively evaluated for impairment | 14,364 | 17,033 | 14,364 | 17,033 |
Hotel/Motel [Member] | ||||
Beginning balance | 939 | 739 | 754 | 779 |
Charge-offs | ||||
Recoveries | ||||
Provision for (reduction of) allowance for loan losses | (47) | 2 | 138 | (38) |
Ending Balance | 892 | 741 | 892 | 741 |
Ending balance: individually evaluated for impairment | ||||
Ending balance: collectively evaluated for impairment | 892 | 741 | 892 | 741 |
Ending balance: individually evaluated for impairment | ||||
Ending balance: collectively evaluated for impairment | 49,902 | 45,735 | 49,902 | 45,735 |
Real Estate, Construction [Member] | ||||
Beginning balance | 177 | 83 | 111 | 102 |
Charge-offs | (17) | (2) | (17) | |
Recoveries | 24 | 18 | 24 | |
Provision for (reduction of) allowance for loan losses | 55 | 4 | 105 | (15) |
Ending Balance | 232 | 94 | 232 | 94 |
Ending balance: individually evaluated for impairment | 106 | 20 | 106 | 20 |
Ending balance: collectively evaluated for impairment | 126 | 74 | 126 | 74 |
Ending balance: individually evaluated for impairment | 412 | 527 | 412 | 527 |
Ending balance: collectively evaluated for impairment | 26,568 | 25,084 | 26,568 | 25,084 |
Real Estate, Mortgage [Member] | ||||
Beginning balance | 2,336 | 3,748 | 2,849 | 2,454 |
Charge-offs | (5,464) | (2) | (5,472) | |
Recoveries | 55 | 4,565 | ||
Provision for (reduction of) allowance for loan losses | (146) | 4,543 | (5,167) | 5,845 |
Ending Balance | 2,245 | 2,827 | 2,245 | 2,827 |
Ending balance: individually evaluated for impairment | 123 | 249 | 123 | 249 |
Ending balance: collectively evaluated for impairment | 2,122 | 2,578 | 2,122 | 2,578 |
Ending balance: individually evaluated for impairment | 5,510 | 7,661 | 5,510 | 7,661 |
Ending balance: collectively evaluated for impairment | 123,123 | 137,178 | 123,123 | 137,178 |
Commercial And Industrial Loan [Member] | ||||
Beginning balance | 357 | 448 | 417 | 553 |
Charge-offs | (13) | (261) | ||
Recoveries | 14 | 5 | 89 | 28 |
Provision for (reduction of) allowance for loan losses | (37) | (172) | 120 | |
Ending Balance | 334 | 440 | 334 | 440 |
Ending balance: individually evaluated for impairment | 33 | 15 | 33 | 15 |
Ending balance: collectively evaluated for impairment | 301 | 425 | 301 | 425 |
Ending balance: individually evaluated for impairment | 61 | 75 | 61 | 75 |
Ending balance: collectively evaluated for impairment | 23,711 | 45,285 | 23,711 | 45,285 |
Other Loan [Member] | ||||
Beginning balance | 129 | 103 | 109 | 96 |
Charge-offs | (85) | (48) | (220) | (188) |
Recoveries | 32 | 34 | 101 | 132 |
Provision for (reduction of) allowance for loan losses | 7 | 21 | 93 | 70 |
Ending Balance | 83 | 110 | 83 | 110 |
Ending balance: individually evaluated for impairment | 5 | 5 | ||
Ending balance: collectively evaluated for impairment | 83 | 105 | 83 | 105 |
Ending balance: individually evaluated for impairment | 14 | 16 | 14 | 16 |
Ending balance: collectively evaluated for impairment | $ 7,381 | $ 5,146 | $ 7,381 | $ 5,146 |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Time Deposits, at or Above FDIC Insurance Limit | $ 45,089,000 | $ 20,564,000 |
Note 8 - Shareholders' Equity (
Note 8 - Shareholders' Equity (Details Textual) - USD ($) | Mar. 24, 2021 | Nov. 09, 2021 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Sep. 30, 2021 | Apr. 28, 2021 |
Dividends Payable, Amount Per Share (in dollars per share) | $ 0.10 | ||||||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares) | 200,000 | ||||||
Stock Repurchased and Retired During Period, Shares (in shares) | 0 | ||||||
Stock Repurchased and Retired During Period, Value | $ 61,000 | $ 94,000 | $ 580,000 | ||||
Dividends Payable, Date Declared | Mar. 24, 2021 | ||||||
Dividends Payable, Date to be Paid | Apr. 8, 2021 | ||||||
Dividends Payable, Date of Record | Apr. 5, 2021 | ||||||
Subsequent Event [Member] | |||||||
Stock Repurchased and Retired During Period, Shares (in shares) | 200,000 | ||||||
Stock Repurchased and Retired During Period, Value | $ 3,375,309 |
Note 9 - Fair Value Measureme_3
Note 9 - Fair Value Measurements and Disclosures (Details Textual) | Sep. 30, 2021USD ($) |
Minimum Current Appraisals More Than One Year Old And/ Or Loan Balance | $ 200,000 |
Percentage Of Time Deposits Provide For Automatic Renewal At Current Interest Rates | 98.00% |
Note 9 - Fair Value Measureme_4
Note 9 - Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Available for sale securities | $ 354,166 | $ 180,130 |
Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 354,166 | 180,130 |
Fair Value, Recurring [Member] | ||
Available for sale securities | 354,166 | 180,130 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 354,166 | 180,130 |
US Treasury Securities [Member] | ||
Available for sale securities | 74,041 | 20,124 |
US Treasury Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 74,041 | 20,124 |
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 74,041 | 20,124 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 2,520 | 2,583 |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 2,520 | 2,583 |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 2,520 | 2,583 |
Collateralized Mortgage Backed Securities [Member] | ||
Available for sale securities | 66,131 | 72,676 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 66,131 | 72,676 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 66,131 | 72,676 |
Collateralized Mortgage Obligations [Member] | ||
Available for sale securities | 128,305 | 45,437 |
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 128,305 | 45,437 |
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 128,305 | 45,437 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 83,169 | 39,310 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Available for sale securities | 83,169 | 39,310 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | $ 83,169 | $ 39,310 |
Note 9 - Fair Value Measureme_5
Note 9 - Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-recurring Basis of Impairment Loans (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Impaired Loans | $ 225 | $ 493 |
Fair Value, Inputs, Level 3 [Member] | ||
Impaired Loans | $ 225 | $ 493 |
Note 9 - Fair Value Measureme_6
Note 9 - Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-recurring Basis of Other Real Estate (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Other real estate | $ 2,525 | $ 3,475 |
Fair Value, Inputs, Level 3 [Member] | ||
Other real estate | $ 2,525 | $ 3,475 |
Note 9 - Fair Value Measureme_7
Note 9 - Fair Value Measurements and Disclosures - Change in Fair Value of Other Real Estate (Details) - Real Estate Acquired in Satisfaction of Debt [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Balance | $ 3,475 | $ 7,453 |
Loans transferred to ORE | 14 | 753 |
Sales | (665) | (4,070) |
Writedowns | (299) | (661) |
Balance | $ 2,525 | $ 3,475 |
Note 9 - Fair Value Measureme_8
Note 9 - Fair Value Measurements and Disclosures - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Cash and due from banks | $ 66,965 | $ 91,542 |
Available for sale securities, fair value | 354,166 | 180,130 |
Held to maturity securities, amortized cost | 110,563 | 75,688 |
Held to maturity securities, fair value | 112,324 | 78,474 |
Other investments | 2,447 | 2,593 |
Federal Home Loan Bank stock | 2,152 | 2,149 |
Loans, net | 249,973 | 278,898 |
Cash surrender value of life insurance | 20,028 | 19,609 |
Non-interest bearing | 201,040 | 170,269 |
Interest bearing | 506,548 | 380,733 |
Borrowings from Federal Home Loan Bank | 1,161 | 1,316 |
Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 66,965 | 91,542 |
Available for sale securities, fair value | ||
Held to maturity securities, fair value | ||
Other investments | 2,447 | 2,593 |
Federal Home Loan Bank stock | ||
Loans, net | ||
Cash surrender value of life insurance | ||
Non-interest bearing | 201,040 | 170,269 |
Interest bearing | ||
Borrowings from Federal Home Loan Bank | ||
Fair Value, Inputs, Level 2 [Member] | ||
Cash and due from banks | ||
Available for sale securities, fair value | 354,166 | 180,130 |
Held to maturity securities, fair value | 112,324 | 78,474 |
Other investments | ||
Federal Home Loan Bank stock | 2,152 | 2,149 |
Loans, net | ||
Cash surrender value of life insurance | 20,028 | 19,609 |
Non-interest bearing | ||
Interest bearing | ||
Borrowings from Federal Home Loan Bank | 1,161 | 1,316 |
Fair Value, Inputs, Level 3 [Member] | ||
Cash and due from banks | ||
Available for sale securities, fair value | ||
Held to maturity securities, fair value | ||
Other investments | ||
Federal Home Loan Bank stock | ||
Loans, net | 249,973 | 278,898 |
Cash surrender value of life insurance | ||
Non-interest bearing | ||
Interest bearing | 506,548 | 380,733 |
Borrowings from Federal Home Loan Bank | ||
Reported Value Measurement [Member] | ||
Cash and due from banks | 66,965 | 91,542 |
Available for sale securities, fair value | 354,166 | 180,130 |
Held to maturity securities, amortized cost | 110,563 | 75,688 |
Other investments | 2,447 | 2,593 |
Federal Home Loan Bank stock | 2,152 | 2,149 |
Loans, net | 247,075 | 273,995 |
Cash surrender value of life insurance | 20,028 | 19,609 |
Non-interest bearing | 201,040 | 170,269 |
Interest bearing | 504,980 | 380,229 |
Borrowings from Federal Home Loan Bank | $ 903 | $ 969 |