Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2021 | Nov. 10, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000836147 | |
Entity Registrant Name | Middlefield Banc Corp. | |
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 | 001-36613 | |
Entity Incorporation, State or Country Code | OH | |
Entity Tax Identification Number | 34-1585111 | |
Entity Address, Address Line One | 15985 East High Street | |
Entity Address, City or Town | Middlefield | |
Entity Address, State or Province | OH | |
Entity Address, Postal Zip Code | 44062-0035 | |
City Area Code | 440 | |
Local Phone Number | 632-1666 | |
Title of 12(b) Security | Common Stock, Without Par Value | |
Trading Symbol | MBCN | |
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 | 5,968,096 |
Consolidated Balance Sheet (Cur
Consolidated Balance Sheet (Current Period Unaudited) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
ASSETS | ||
Cash and due from banks | $ 113,177,000 | $ 92,874,000 |
Federal funds sold | 19,174,000 | 19,543,000 |
Cash and cash equivalents | 132,351,000 | 112,417,000 |
Equity securities, at fair value | 833,000 | 609,000 |
Investment securities available for sale, at fair value | 163,057,000 | 114,360,000 |
Loans held for sale | 676,000 | 878,000 |
Loans: | ||
Loans | 1,010,282,000 | 1,104,085,000 |
Less: allowance for loan and lease losses | 14,234,000 | 13,459,000 |
Net loans | 996,048,000 | 1,090,626,000 |
Premises and equipment, net | 17,507,000 | 18,333,000 |
Goodwill | 15,071,000 | 15,071,000 |
Core deposit intangibles | 1,484,000 | 1,724,000 |
Bank-owned life insurance | 16,954,000 | 16,938,000 |
Other real estate owned | 7,090,000 | 7,387,000 |
Accrued interest receivable and other assets | 14,794,000 | 13,636,000 |
TOTAL ASSETS | 1,365,865,000 | 1,391,979,000 |
LIABILITIES | ||
Noninterest-bearing demand | 316,770,000 | 291,347,000 |
Interest-bearing demand | 237,576,000 | 195,722,000 |
Money market | 178,423,000 | 198,493,000 |
Savings | 256,114,000 | 243,888,000 |
Time | 211,674,000 | 295,750,000 |
Total deposits | 1,200,557,000 | 1,225,200,000 |
Other borrowings | 12,966,000 | 17,038,000 |
Accrued interest payable and other liabilities | 6,287,000 | 5,931,000 |
TOTAL LIABILITIES | 1,219,810,000 | 1,248,169,000 |
STOCKHOLDERS' EQUITY | ||
Common stock, no par value; 10,000,000 shares authorized, 7,329,548 and 7,308,685 shares issued; 6,054,083 and 6,379,323 shares outstanding | 87,131,000 | 86,886,000 |
Retained earnings | 80,376,000 | 69,578,000 |
Accumulated other comprehensive income | 3,610,000 | 4,284,000 |
Treasury stock, at cost; 1,275,465 and 929,362 shares | (25,062,000) | (16,938,000) |
TOTAL STOCKHOLDERS' EQUITY | 146,055,000 | 143,810,000 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,365,865,000 | 1,391,979,000 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||
Loans: | ||
Loans | 110,883,000 | 103,121,000 |
Less: allowance for loan and lease losses | 1,552,000 | 1,342,000 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
Loans: | ||
Loans | 310,222,000 | 309,424,000 |
Less: allowance for loan and lease losses | 7,700,000 | 6,817,000 |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||
Loans: | ||
Loans | 30,762,000 | 39,562,000 |
Less: allowance for loan and lease losses | 398,000 | 461,000 |
Residential Portfolio Segment [Member] | ||
Loans: | ||
Loans | 232,020,000 | 233,995,000 |
Less: allowance for loan and lease losses | 1,675,000 | 1,683,000 |
Commercial And Industrial [Member] | ||
Loans: | ||
Loans | 163,052,000 | 232,044,000 |
Less: allowance for loan and lease losses | 1,159,000 | 1,353,000 |
Home Equity Lines of Credit [Member] | ||
Loans: | ||
Loans | 105,450,000 | 112,543,000 |
Less: allowance for loan and lease losses | 1,328,000 | 1,405,000 |
Construction and Other [Member] | ||
Loans: | ||
Loans | 49,378,000 | 63,573,000 |
Less: allowance for loan and lease losses | 391,000 | 378,000 |
Consumer Portfolio Segment [Member] | ||
Loans: | ||
Loans | 8,515,000 | 9,823,000 |
Less: allowance for loan and lease losses | $ 31,000 | $ 20,000 |
Consolidated Balance Sheet (C_2
Consolidated Balance Sheet (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Common stock, shares issued (in shares) | 7,329,548 | 7,308,685 |
Common stock, shares outstanding (in shares) | 6,054,083 | 6,379,323 |
Treasury stock, shares (in shares) | 1,275,465 | 929,362 |
Consolidated Statement of Incom
Consolidated Statement of Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | ||
INTEREST AND DIVIDEND INCOME | |||||
Interest and fees on loans | $ 12,258,000 | $ 12,603,000 | $ 36,310,000 | $ 36,962,000 | |
Interest-earning deposits in other institutions | 30,000 | 8,000 | 60,000 | 109,000 | |
Federal funds sold | 1,000 | 0 | 2,000 | 21,000 | |
Investment securities: | |||||
Taxable interest | 461,000 | 249,000 | 1,241,000 | 612,000 | |
Tax-exempt interest | 673,000 | 618,000 | 1,833,000 | 1,881,000 | |
Dividends on stock | 24,000 | 29,000 | 79,000 | 86,000 | |
Total interest and dividend income | 13,447,000 | 13,507,000 | 39,525,000 | 39,671,000 | |
INTEREST EXPENSE | |||||
Deposits | 915,000 | 2,106,000 | 3,130,000 | 7,307,000 | |
Short-term borrowings | 0 | 14,000 | 0 | 81,000 | |
Other borrowings | 37,000 | 28,000 | 115,000 | 166,000 | |
Total interest expense | 952,000 | 2,148,000 | 3,245,000 | 7,554,000 | |
NET INTEREST INCOME | 12,495,000 | 11,359,000 | 36,280,000 | 32,117,000 | |
Provision for loan losses | 0 | 4,000,000 | 900,000 | 7,740,000 | |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 12,495,000 | 7,359,000 | 35,380,000 | 24,377,000 | |
NONINTEREST INCOME | |||||
Gain (loss) on equity securities | [1] | 102,000 | (28,000) | 223,000 | (157,000) |
Earnings on bank-owned life insurance | [1] | 108,000 | 109,000 | 440,000 | 321,000 |
Gain on sale of loans | [1] | 309,000 | 660,000 | 1,122,000 | 1,155,000 |
Total noninterest income | 1,821,000 | 1,811,000 | 5,671,000 | 4,380,000 | |
NONINTEREST EXPENSE | |||||
Salaries and employee benefits | 4,488,000 | 3,477,000 | 13,063,000 | 11,197,000 | |
Occupancy expense | 457,000 | 497,000 | 1,606,000 | 1,530,000 | |
Equipment expense | 333,000 | 363,000 | 1,003,000 | 943,000 | |
Data processing costs | 736,000 | 683,000 | 2,220,000 | 2,033,000 | |
Ohio state franchise tax | 287,000 | 282,000 | 859,000 | 831,000 | |
Federal deposit insurance expense | 150,000 | 123,000 | 444,000 | 320,000 | |
Professional fees | 136,000 | 289,000 | 878,000 | 1,007,000 | |
Net loss (gain) on other real estate owned | 9,000 | (225,000) | 77,000 | (257,000) | |
Advertising expense | 222,000 | 217,000 | 664,000 | 643,000 | |
Software amortization expense | 88,000 | 70,000 | 242,000 | 285,000 | |
Core deposit intangible amortization | 81,000 | 83,000 | 241,000 | 249,000 | |
Other expense | 951,000 | 1,163,000 | 2,920,000 | 3,182,000 | |
Total noninterest expense | 7,938,000 | 7,022,000 | 24,217,000 | 21,963,000 | |
Income before income taxes | 6,378,000 | 2,148,000 | 16,834,000 | 6,794,000 | |
Income taxes | 1,174,000 | 295,000 | 3,038,000 | 934,000 | |
NET INCOME | $ 5,204,000 | $ 1,853,000 | $ 13,796,000 | $ 5,860,000 | |
EARNINGS PER SHARE | |||||
Basic (in dollars per share) | $ 0.85 | $ 0.29 | $ 2.20 | $ 0.92 | |
Diluted (in dollars per share) | $ 0.85 | $ 0.29 | $ 2.19 | $ 0.92 | |
Deposit Account [Member] | |||||
NONINTEREST INCOME | |||||
Noninterest income revenue | $ 876,000 | $ 691,000 | $ 2,519,000 | $ 1,810,000 | |
Financial Service, Other [Member] | |||||
NONINTEREST INCOME | |||||
Noninterest income revenue | $ 426,000 | $ 379,000 | $ 1,367,000 | $ 1,251,000 | |
[1] | Not within scope of ASC 606 |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Net income | $ 5,204 | $ 1,853 | $ 13,796 | $ 5,860 |
Other comprehensive (loss) income: | ||||
Net unrealized holding (loss) gain on available-for-sale investment securities | (358) | 400 | (853) | 2,829 |
Tax effect | 75 | (84) | 179 | (594) |
Total other comprehensive (loss) income | (283) | 316 | (674) | 2,235 |
Comprehensive income | $ 4,921 | $ 2,169 | $ 13,122 | $ 8,095 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Treasury Stock [Member] | Total |
Balance (in shares) at Dec. 31, 2019 | 7,294,792 | ||||
Balance at Dec. 31, 2019 | $ 86,617 | $ 65,063 | $ 1,842 | $ (15,747) | $ 137,775 |
Net income | 5,860 | 5,860 | |||
Other comprehensive income (loss) | 2,235 | 2,235 | |||
Stock-based compensation, net (in shares) | 12,180 | ||||
Stock-based compensation, net | $ 250 | 250 | |||
Treasury shares acquired | (1,191) | (1,191) | |||
Cash dividends | (2,877) | (2,877) | |||
Stock options exercised (in shares) | 500 | ||||
Stock options exercised | $ 4 | 4 | |||
Balance (in shares) at Sep. 30, 2020 | 7,307,472 | ||||
Balance at Sep. 30, 2020 | $ 86,871 | 68,046 | 4,077 | (16,938) | 142,056 |
Balance (in shares) at Jun. 30, 2020 | 7,298,829 | ||||
Balance at Jun. 30, 2020 | $ 86,722 | 67,150 | 3,761 | (16,938) | 140,695 |
Net income | 1,853 | 1,853 | |||
Other comprehensive income (loss) | 316 | 316 | |||
Stock-based compensation, net (in shares) | 8,143 | ||||
Stock-based compensation, net | $ 145 | 145 | |||
Cash dividends | (957) | (957) | |||
Stock options exercised (in shares) | 500 | ||||
Stock options exercised | $ 4 | 4 | |||
Balance (in shares) at Sep. 30, 2020 | 7,307,472 | ||||
Balance at Sep. 30, 2020 | $ 86,871 | 68,046 | 4,077 | (16,938) | $ 142,056 |
Balance (in shares) at Dec. 31, 2020 | 7,308,685 | 6,379,323 | |||
Balance at Dec. 31, 2020 | $ 86,886 | 69,578 | 4,284 | (16,938) | $ 143,810 |
Net income | 13,796 | 13,796 | |||
Other comprehensive income (loss) | (674) | (674) | |||
Stock-based compensation, net (in shares) | 10,213 | ||||
Stock-based compensation, net | $ 151 | 151 | |||
Treasury shares acquired | (8,124) | (8,124) | |||
Cash dividends | (2,998) | (2,998) | |||
Stock options exercised (in shares) | 10,650 | ||||
Stock options exercised | $ 94 | $ 94 | |||
Balance (in shares) at Sep. 30, 2021 | 7,329,548 | 6,054,083 | |||
Balance at Sep. 30, 2021 | $ 87,131 | 80,376 | 3,610 | (25,062) | $ 146,055 |
Balance (in shares) at Jun. 30, 2021 | 7,325,918 | ||||
Balance at Jun. 30, 2021 | $ 87,131 | 76,150 | 3,893 | (21,130) | 146,044 |
Net income | 5,204 | 5,204 | |||
Other comprehensive income (loss) | (283) | (283) | |||
Stock-based compensation, net (in shares) | 3,630 | ||||
Stock-based compensation, net | $ 0 | 0 | |||
Treasury shares acquired | (3,932) | (3,932) | |||
Cash dividends | (978) | $ (978) | |||
Balance (in shares) at Sep. 30, 2021 | 7,329,548 | 6,054,083 | |||
Balance at Sep. 30, 2021 | $ 87,131 | $ 80,376 | $ 3,610 | $ (25,062) | $ 146,055 |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Retained Earnings [Member] | ||||
Cash dividends per share (in dollars per share) | $ 0.16 | $ 0.15 | $ 0.48 | $ 0.45 |
Treasury acquired, shares (in shares) | 165,058 | 346,103 | 58,200 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | ||
OPERATING ACTIVITIES | |||
Net income | $ 13,796,000 | $ 5,860,000 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Provision for loan losses | 900,000 | 7,740,000 | |
(Gain) loss on equity securities | [1] | (223,000) | 157,000 |
Depreciation and amortization of premises and equipment, net | 1,075,000 | 990,000 | |
Software amortization expense | 242,000 | 285,000 | |
Financing lease amortization expense | 235,000 | 209,000 | |
Gain on sale of premises and equipment | 0 | (27,000) | |
Amortization of premium and discount on investment securities, net | 351,000 | 270,000 | |
Accretion of deferred loan fees, net | (3,750,000) | (2,134,000) | |
Amortization of core deposit intangibles | 241,000 | 249,000 | |
Stock-based compensation income, net | (21,000) | (156,000) | |
Origination of loans held for sale | (30,309,000) | (44,080,000) | |
Proceeds from sale of loans | 31,633,000 | 35,998,000 | |
Gain on sale of loans | (1,122,000) | (1,155,000) | |
Earnings on bank-owned life insurance | [1] | (440,000) | (321,000) |
Deferred income tax | 281,000 | 615,000 | |
Loss (gain) on other real estate owned | 28,000 | (257,000) | |
Decrease (increase) in accrued interest receivable | 818,000 | (2,527,000) | |
Decrease in accrued interest payable | (275,000) | (129,000) | |
Other, net | (2,176,000) | 4,048,000 | |
Net cash provided by operating activities | 11,283,000 | 5,635,000 | |
INVESTING ACTIVITIES | |||
Proceeds from repayments and maturities | 9,528,000 | 12,676,000 | |
Purchases | (59,429,000) | (17,352,000) | |
Decrease (increase) in loans, net | 97,365,000 | (148,807,000) | |
Proceeds from the sale of other real estate owned | 332,000 | 675,000 | |
Proceeds from bank-owned life insurance | 424,000 | 0 | |
Purchase of premises and equipment | (417,000) | (948,000) | |
Proceeds from the disposal of premises and equipment | 0 | 27,000 | |
Purchase of restricted stock | 0 | (1,600,000) | |
Redemption of restricted stock | 658,000 | 241,000 | |
Net cash provided by (used in) investing activities | 48,461,000 | (155,088,000) | |
FINANCING ACTIVITIES | |||
Net (decrease) increase in deposits | (24,643,000) | 173,120,000 | |
Increase in short-term borrowings, net | 0 | (5,075,000) | |
Proceeds from other borrowings | 0 | 3,340,000 | |
Repayment of other borrowings | (4,139,000) | 0 | |
Stock options exercised | 94,000 | 4,000 | |
Repurchase of treasury shares | (8,124,000) | (1,191,000) | |
Cash dividends | (2,998,000) | (2,877,000) | |
Net cash (used in) provided by financing activities | (39,810,000) | 167,321,000 | |
Increase in cash and cash equivalents | 19,934,000 | 17,868,000 | |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 112,417,000 | 35,113,000 | |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 132,351,000 | 52,981,000 | |
SUPPLEMENTAL INFORMATION | |||
Interest on deposits and borrowings | 3,520,000 | 7,683,000 | |
Income taxes | 4,328,000 | 2,002,000 | |
Transfers from loans to other real estate owned | 63,000 | 7,654,000 | |
Finance lease assets added to premises and equipment | (67,000) | (1,010,000) | |
Finance lease liabilities added to other borrowings funds | $ 67,000 | $ 1,010,000 | |
[1] | Not within scope of ASC 606 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 1 The consolidated financial statements of Middlefield Banc Corp. ("Company") include its bank subsidiary, The Middlefield Banking Company (“MBC” or “Middlefield Bank”), and a nonbank asset resolution subsidiary EMORECO, Inc. The consolidated financial statements also include the accounts of MBC’s subsidiary, Middlefield Investments, Inc. (MI). All significant inter-company items have been eliminated. The unaudited condensed consolidated financial statements have been prepared in conformity with the instructions to Form 10 10 X. not 10 December 31, 2020. not may In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts and liabilities as of the balance sheet date and revenues and expenses for the period. Actual results could differ from those estimates. Recently Issued Accounting Pronouncements In September 2016, 2016 13, Financial Instruments Credit Losses: Measurement of Credit Losses on Financial Instruments first December 15, 2022, one first one CECL Adoption. 326, not In May 2021, 2021 04, 260 470 50 718 815 40 not December 15, 2021, not In July 2021, 2021 05, 842 842 no not not 842, December 15, 2021, 842, December 15, 2021, December 15, 2022. 842 2021 05. 2021 05 842 not 842. not Reclassification of Comparative Amounts Certain comparative amounts for prior years have been reclassified to conform to current-year presentations. Such reclassifications did not |
Note 2 - Revenue Recognition
Note 2 - Revenue Recognition | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 2 REVENUE RECOGNITION Following ASC Topic 606, Revenue from Contracts with Customers (Topic 606 not 606. The main types of noninterest income within the scope of the standard are as follows: Service charges on deposit accounts Net gains (losses) on sale of other real estate owned ( “ OREO ” ) not The following table depicts the disaggregation of revenue derived from contracts with customers to depict the nature, amount, timing, and uncertainty of revenue and cash flows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Noninterest Income 2021 2020 2021 2020 (Dollar amounts in thousands) Service charges on deposit accounts: Overdraft fees $ 192 $ 163 $ 523 $ 475 ATM banking fees 354 298 1,026 771 Service charges and other fees 330 230 970 564 Gain (loss) on equity securities (a) 102 (28 ) 223 (157 ) Earnings on bank-owned life insurance (a) 108 109 440 321 Gain on sale of loans (a) 309 660 1,122 1,155 Revenue from investment services 190 132 529 400 Other income 236 247 838 851 Total noninterest income $ 1,821 $ 1,811 $ 5,671 $ 4,380 Net loss (gain) on other real estate owned $ 9 $ (225 ) $ 77 $ (257 ) (a) Not 606 |
Note 3 - Stock-based Compensati
Note 3 - Stock-based Compensation | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | NOTE 3 The Company had no September 30, 2021, 2020. Stock option activity during the nine September 30, 2021, Weighted- average Exercise Shares Price Per Share Outstanding, January 1, 2021 12,150 $ 8.78 Exercised (12,150 ) 8.78 Outstanding, September 30, 2021 - - Exercisable, September 30, 2021 - - The following table presents the activity during the nine September 30, 2021, Weighted-average Grant Date Units Fair Value Per Unit Nonvested at January 1, 2021 66,362 $ 23.52 Granted 29,193 22.50 Vested (17,622 ) (24.10 ) Nonvested at September 30, 2021 77,933 $ 23.00 Expected to vest as of September 30, 2021 53,915 $ 22.42 The Company recognizes restricted stock forfeitures in the period they occur. Share-based compensation expense (recovery) of $292,000 and ($75,000) was recognized for the three September 30, 2021, 2020, nine September 30, 2021, 2020, September 30, 2021, 2020, Total unrecognized stock compensation cost related to nonvested share-based compensation on restricted stock as of September 30, 2021 2021, 2022, 2023, 2024. |
Note 4 - Earnings Per Share
Note 4 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 4 The Company provides a dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated by dividing net income by the average shares outstanding. Diluted earnings per share adds the dilutive effects of stock options and restricted stock to average shares outstanding. The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings-per-share computation. For the Three For the Nine Months Ended Months Ended September 30, September 30, 2021 2020 2021 2020 Weighted-average common shares issued 7,329,548 7,305,653 7,323,936 7,301,091 Average treasury stock shares (1,192,900 ) (929,362 ) (1,058,133 ) (913,510 ) Weighted-average common shares and common stock equivalents used to calculate basic earnings per share 6,136,648 6,376,291 6,265,803 6,387,581 Additional common stock equivalents (stock options and restricted stock) used to calculate diluted earnings per share 20,533 9,474 21,753 10,093 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share 6,157,181 6,385,765 6,287,556 6,397,674 Outstanding on September 30, 2021, no September 30, 2021. Options to purchase 13,000 shares of common stock at $8.78 per share were outstanding during the three nine September 30, 2020. When shares recognized as equity are repurchased, the amount of the consideration paid, which includes directly attributable costs, is recognized as a deduction from equity. Repurchased shares are classified as treasury shares and are presented in the treasury share reserve. The reserve for the Company’s treasury shares comprises the cost of the Company’s shares held by the Company. As of September 30, 2021, December 31, 2020. |
Note 5 - Fair Value Measurement
Note 5 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 5 Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for an asset or liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following levels: Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no not two This hierarchy requires the use of observable market data when available. The following tables present the assets measured on a recurring basis on the Consolidated Balance Sheet at their fair value by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. September 30, 2021 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a recurring basis: Subordinated debt $ - $ 20,933 $ 11,687 $ 32,620 Obligations of states and political subdivisions - 119,048 - 119,048 Mortgage-backed securities in government-sponsored entities - 11,389 - 11,389 Total debt securities - 151,370 11,687 163,057 Equity securities in financial institutions 833 - - 833 Total $ 833 $ 151,370 $ 11,687 $ 163,890 December 31, 2020 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a recurring basis: Subordinated debt $ - $ 14,047 $ 7,250 $ 21,297 Obligations of states and political subdivisions - 78,302 - 78,302 Mortgage-backed securities in government-sponsored entities - 14,761 - 14,761 Total debt securities - 107,110 7,250 114,360 Equity securities in financial institutions 609 - - 609 Total $ 609 $ 107,110 $ 7,250 $ 114,969 The beginning balance of the Level III investments was $7.3 million, which increased due to purchases of $4.2 million, and increased by $237,000 due to a change in fair value during the period resulting in an ending balance of $11.7 million. Investment Securities Available for Sale Equity Securities no not The following tables present the assets measured on a non-recurring basis on the Consolidated Balance Sheet at their fair value by level within the fair value hierarchy. Collateral-dependent impaired loans are carried at fair value if they have been charged down to fair value or if a specific valuation allowance has been established. A new cost basis is established at the time a property is initially recorded in OREO. OREO properties are carried at fair value if a devaluation has been taken to the property’s value after the initial measurement. No nine September 30, 2021. September 30, 2021 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 5,390 $ 5,390 Other real estate owned - - 6,992 6,992 December 31, 2020 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 4,111 $ 4,111 Other real estate owned - - 6,992 6,992 Impaired Loans third may not not September 30, 2021, December 31, 2020, Other Real Estate Owned (OREO) no not not may The following tables present additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company uses Level III inputs to determine fair value: Quantitative Information about Level III Fair Value Measurements (Dollar amounts in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) September 30, 2021 Impaired loans $ 5,390 Appraisal of collateral (1) Appraisal adjustments (2) 25.0% to 72.2% (38.7%) Other real estate owned $ 6,992 Appraisal of collateral (1) Appraisal adjustments (2) 19.9% Quantitative Information about Level III Fair Value Measurements (Dollar amounts in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) December 31, 2020 Impaired loans $ 4,111 Appraisal of collateral (1) Appraisal adjustments (2) 17.6% to 48.5% (22.7%) Other real estate owned $ 6,992 Appraisal of collateral (1) Appraisal adjustments (2) 19.9% ( 1 Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level III inputs that are not ( 2 Appraisals may The estimated fair value of the Company’s financial instruments not September 30, 2021 Carrying Total Value Level I Level II Level III Fair Value (Dollar amounts in thousands) Financial assets: Cash and cash equivalents $ 132,351 $ 132,351 $ - $ - $ 132,351 Loans held for sale 676 - 1,105 - 1,105 Net loans 996,048 - - 986,527 986,527 Bank-owned life insurance 16,954 16,954 - - 16,954 Federal Home Loan Bank stock 4,399 4,399 - - 4,399 Accrued interest receivable 4,392 4,392 - - 4,392 Financial liabilities: Deposits $ 1,200,557 $ 988,883 $ - $ 213,479 $ 1,202,362 Other borrowings 12,966 - - 12,966 12,966 Accrued interest payable 305 305 - - 305 December 31, 2020 Carrying Total Value Level I Level II Level III Fair Value (Dollar amounts in thousands) Financial assets: Cash and cash equivalents $ 112,417 $ 112,417 $ - $ - $ 112,417 Loans held for sale 878 - 878 - 878 Net loans 1,090,626 - - 1,089,573 1,089,573 Bank-owned life insurance 16,938 16,938 - - 16,938 Federal Home Loan Bank stock 5,057 5,057 - - 5,057 Accrued interest receivable 5,210 5,210 - - 5,210 Financial liabilities: Deposits $ 1,225,200 $ 929,450 $ - $ 299,651 $ 1,229,101 Other borrowings 17,038 - - 15,250 15,250 Accrued interest payable 580 580 - - 580 All financial instruments included in the above tables, except for net loans, deposits, and loans held for sale are carried at cost, which approximates the fair value of the instruments. |
Note 6 - Accumulated Other Comp
Note 6 - Accumulated Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 6 ACCUMULATED OTHER COMPREHENSIVE INCOME The following table presents the changes in accumulated other comprehensive income (“AOCI”) by component net of tax for the three nine September 30, 2021, 2020, (Dollars in thousands) Unrealized gains/(losses) on available-for-sale securities (a) Balance as of June 30, 2021 $ 3,893 Other comprehensive loss (283 ) Balance at September 30, 2021 $ 3,610 Balance as of December 31, 2020 $ 4,284 Other comprehensive loss (674 ) Balance at September 30, 2021 $ 3,610 (Dollars in thousands) Unrealized gains/(losses) on available-for-sale securities (a) Balance as of June 30, 2020 $ 3,761 Other comprehensive income 316 Balance at September 30, 2020 $ 4,077 Balance as of December 31, 2019 $ 1,842 Other comprehensive income 2,235 Balance at September 30, 2020 $ 4,077 (a) All amounts are net of tax. Amounts in parentheses indicate debits to AOCI. There were no other reclassifications of amounts from accumulated other comprehensive income for the three nine September 30, 2021, 2020. |
Note 7 - Investment and Equity
Note 7 - Investment and Equity Securities | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 7 INVESTMENT AND EQUITY SECURITIES The amortized cost and fair values of investment securities available for sale are as follows: September 30, 2021 Gross Gross Amortized Unrealized Unrealized Fair (Dollar amounts in thousands) Cost Gains Losses Value Subordinated debt $ 32,300 $ 378 $ (58 ) $ 32,620 Obligations of states and political subdivisions: Taxable 500 2 - 502 Tax-exempt 114,603 4,194 (251 ) 118,546 Mortgage-backed securities in government-sponsored entities 11,084 365 (60 ) 11,389 Total $ 158,487 $ 4,939 $ (369 ) $ 163,057 December 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair (Dollar amounts in thousands) Cost Gains Losses Value Subordinated debt $ 21,050 $ 254 $ (7 ) $ 21,297 Obligations of states and political subdivisions: Taxable 500 2 - 502 Tax-exempt 73,157 4,643 - 77,800 Mortgage-backed securities in government-sponsored entities 14,230 536 (5 ) 14,761 Total $ 108,937 $ 5,435 $ (12 ) $ 114,360 Equity securities totaled $833,000 and $609,000 at September 30, 2021 December 31, 2020, The Company recognized a net gain on equity investments of $102,000 and $223,000, respectively, for the three nine September 30, 2021. three nine September 30, 2020. No The amortized cost and fair value of debt securities at September 30, 2021, may Amortized Fair (Dollar amounts in thousands) Cost Value Due in one year or less $ 203 $ 203 Due after one year through five years 2,072 2,130 Due after five years through ten years 40,597 41,179 Due after ten years 115,615 119,545 Total $ 158,487 $ 163,057 There were no securities sold during the three nine September 30, 2021, 2020, Investment securities with an approximate carrying value of $72.7 million and $71.1 million on September 30, 2021, December 31, 2020, The following table shows the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. September 30, 2021 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (Dollar amounts in thousands) Value Losses Value Losses Value Losses Subordinated debt $ 6,149 $ (51 ) $ 493 $ (7 ) $ 6,642 $ (58 ) Obligations of states and political subdivisions: Tax-exempt 22,463 (251 ) - - 22,463 (251 ) Mortgage-backed securities in government-sponsored entities 1,674 (53 ) 361 (7 ) 2,035 (60 ) Total $ 30,286 $ (355 ) $ 854 $ (14 ) $ 31,140 $ (369 ) December 31, 2020 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (Dollar amounts in thousands) Value Losses Value Losses Value Losses Subordinated debt $ 4,243 $ (7 ) $ - $ - $ 4,243 $ (7 ) Mortgage-backed securities in government-sponsored entities 2,748 (5 ) - - 2,748 (5 ) Total $ 6,991 $ (12 ) $ - $ - $ 6,991 $ (12 ) There were 30 securities considered temporarily impaired on September 30, 2021. Every quarter, the Company assesses whether there have been any events or economic circumstances indicating that a security with an unrealized loss has suffered other-than-temporary impairment (“OTTI”). A debt security is considered impaired if the fair value is less than its amortized cost basis at the reporting date. The Company assesses whether the unrealized loss is other than temporary. OTTI losses are recognized in earnings when the Company has the intent to sell the debt security or it is more likely than not not An unrealized loss is generally deemed to be other than temporary and a credit loss is deemed to exist if the present value of the expected future cash flows is less than the amortized cost basis of the debt security. As a result, the credit loss of an OTTI is recorded as a component of investment securities gains (losses) in the accompanying Consolidated Statement of Income, while the remaining portion of the impairment loss is recognized in other comprehensive income, provided the Company does not not” not Debt securities issued by U.S. government agencies, U.S. government-sponsored enterprises, and state and political subdivisions accounted for 80% of the total available-for-sale portfolio as of September 30, 2021, no • The length of time and the extent to which the fair value has been less than the amortized cost basis; • Changes in the near-term prospects of the underlying collateral of a security such as changes in default rates, loss severity given default, and significant changes in prepayment assumptions; • The level of cash flows generated from the underlying collateral supporting the principal and interest payments of the debt securities; and • Any adverse change to the credit conditions and liquidity of the issuer, taking into consideration the latest information available about the overall financial condition of the issuer, credit ratings, recent legislation and government actions affecting the issuer’s industry, and actions taken by the issuer to deal with the present economic climate. For the three nine September 30, 2021, 2020, not September 30, 2021, December 31, 2020, not |
Note 8 - Loans and Related Allo
Note 8 - Loans and Related Allowance for Loan and Lease Losses | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 8 The Company’s primary business activity is with customers located within its local Northeastern Ohio trade area, eastern Geauga County, and contiguous counties. The Company also serves the central Ohio market with offices in Dublin, Plain City, Powell, Sunbury, and Westerville, Ohio. Commercial, residential, consumer, and agricultural loans are granted. Although the Company has a diversified loan portfolio, loans outstanding to individuals and businesses are dependent upon the local economic conditions in the Company’s immediate trade area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are reported at their outstanding unpaid principal balances net of the allowance for loan and lease losses. Interest income is recognized on the accrual method. The accrual of interest is discontinued on a loan when management believes, after considering economic and business conditions, the borrower’s financial condition is such that the collection of interest is doubtful. Interest payments received on nonaccrual loans are applied against the unpaid principal balance until accrual status is restored. Loan origination fees and certain direct loan origination costs are deferred with the net amount amortized over the contractual life of the loan as an adjustment of the related loan’s yield. The following tables summarize the primary segments of the loan portfolio and allowance for loan and lease losses (in thousands): September 30, 2021 Impairment Evaluation Individually Collectively Total Loans Loans: Commercial real estate: Owner occupied $ 1,396 $ 109,487 $ 110,883 Non-owner occupied 6,144 304,078 310,222 Multifamily - 30,762 30,762 Residential real estate 1,163 230,857 232,020 Commercial and industrial 665 162,387 163,052 Home equity lines of credit 252 105,198 105,450 Construction and other - 49,378 49,378 Consumer installment - 8,515 8,515 Total $ 9,620 $ 1,000,662 $ 1,010,282 December 31, 2020 Impairment Evaluation Individually Collectively Total Loans Loans: Commercial real estate: Owner occupied $ 1,565 $ 101,556 $ 103,121 Non-owner occupied 4,123 305,301 309,424 Multifamily - 39,562 39,562 Residential real estate 1,319 232,676 233,995 Commercial and industrial 834 231,210 232,044 Home equity lines of credit 246 112,297 112,543 Construction and other - 63,573 63,573 Consumer installment - 9,823 9,823 Total $ 8,087 $ 1,095,998 $ 1,104,085 The commercial and industrial loan portfolio as of September 30, 2021, December 31, 2020, 9 The amounts above include net deferred loan origination fees of $3.7 million and $4.4 million on September 30, 2021, December 31, 2020, September 30, 2021, December 31, 2020, September 30, 2021 Ending Allowance Balance by Impairment Evaluation: Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Allocation Loans: Commercial real estate: Owner occupied $ 5 $ 1,547 $ 1,552 Non-owner occupied 739 6,961 7,700 Multifamily - 398 398 Residential real estate 17 1,658 1,675 Commercial and industrial 102 1,057 1,159 Home equity lines of credit 96 1,232 1,328 Construction and other - 391 391 Consumer installment - 31 31 Total $ 959 $ 13,275 $ 14,234 December 31, 2020 Ending Allowance Balance by Impairment Evaluation: Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Allocation Loans: Commercial real estate: Owner occupied $ 10 $ 1,332 $ 1,342 Non-owner occupied 371 6,446 6,817 Multifamily - 461 461 Residential real estate 20 1,663 1,683 Commercial and industrial 48 1,305 1,353 Home equity lines of credit 41 1,364 1,405 Construction and other - 378 378 Consumer installment - 20 20 Total $ 490 $ 12,969 $ 13,459 The Company’s loan portfolio is segmented to a level that allows management to monitor risk and performance. The portfolio is segmented into Commercial Real Estate (“CRE”) which is further segmented into Owner Occupied (“CRE OO”), Non-owner Occupied (“CRE NOO”), and Multifamily Residential, Residential Real Estate (“RRE”), Commercial and Industrial (“C&I”), Home Equity Lines of Credit (“HELOC”), Construction and Other (“Construction”), and Consumer Installment Loans. The commercial real estate loan segments consist of loans made to finance the activities of commercial real estate owners and operators. The residential real estate and HELOC loan segments consist of loans made to finance the activities of residential homeowners. The C&I loan segment consists of loans made to finance the activities of commercial customers. Although PPP loans are included with C&I loans, the nature of PPP loans differs considerably from the rest of the category. Loans funded through the PPP program are fully guaranteed by the U.S. government. This guarantee exists at the inception of the loans and throughout the lives of the loans and was not Management evaluates individual loans in all of the commercial segments for possible impairment based on guidelines established by the Board of Directors. Loans are considered to be impaired when based on current information and events, the Company will probably be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in evaluating impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall concerning the principal and interest owed. The Company does not Once the determination has been made that a loan is impaired, the determination of whether a specific allocation of the allowance is necessary is measured by comparing the recorded investment in the loan to the fair value of the loan using one not The following tables present impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not September 30, 2021 Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial real estate: Owner occupied $ 981 $ 1,027 $ - Non-owner occupied 1,624 1,754 - Residential real estate 870 877 - Commercial and industrial 119 550 - Home equity lines of credit 8 8 - Total $ 3,602 $ 4,216 $ - With an allowance recorded: Commercial real estate: Owner occupied $ 415 $ 415 $ 5 Non-owner occupied 4,520 5,194 739 Residential real estate 293 293 17 Commercial and industrial 546 650 102 Home equity lines of credit 244 244 96 Total $ 6,018 $ 6,796 $ 959 Total: Commercial real estate: Owner occupied $ 1,396 $ 1,442 $ 5 Non-owner occupied 6,144 6,948 739 Residential real estate 1,163 1,170 17 Commercial and industrial 665 1,200 102 Home equity lines of credit 252 252 96 Total $ 9,620 $ 11,012 $ 959 December 31, 2020 Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial real estate: Owner occupied $ 1,118 $ 1,142 $ - Non-owner occupied 801 801 - Residential real estate 941 1,013 - Commercial and industrial 561 1,056 - Home equity lines of credit 80 92 - Total $ 3,501 $ 4,104 $ - With an allowance recorded: Commercial real estate: Owner occupied $ 447 $ 447 $ 10 Non-owner occupied 3,322 3,596 371 Residential real estate 378 378 20 Commercial and industrial 273 276 48 Home equity lines of credit 166 166 41 Total $ 4,586 $ 4,863 $ 490 Total: Commercial real estate: Owner occupied $ 1,565 $ 1,589 $ 10 Non-owner occupied 4,123 4,397 371 Residential real estate 1,319 1,391 20 Commercial and industrial 834 1,332 48 Home equity lines of credit 246 258 41 Total $ 8,087 $ 8,967 $ 490 The tables above include troubled debt restructuring totaling $2.6 million and $2.9 million as of September 30, 2021, December 31, 2020, September 30, 2021, December 31, 2020, The following tables present the average balance and interest income by class, recognized on impaired loans (in thousands): For the Three Months Ended September 30, 2021 For the Nine Months Ended September 30, 2021 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial real estate: Owner occupied $ 1,428 $ 14 $ 1,485 $ 45 Non-owner occupied 5,419 34 4,955 101 Residential real estate 1,190 18 1,234 42 Commercial and industrial 694 9 807 22 Home equity lines of credit 245 6 244 9 Total $ 8,976 $ 81 $ 8,725 $ 219 For the Three Months Ended September 30, 2020 For the Nine Months Ended September 30, 2020 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial real estate: Owner occupied $ 2,893 $ - $ 3,173 $ 55 Non-owner occupied 12,912 129 9,988 387 Residential real estate 1,242 14 1,229 39 Commercial and industrial 1,376 28 1,136 49 Home equity lines of credit 298 1 323 5 Consumer installment - - 1 - Total $ 18,721 $ 172 $ 15,850 $ 535 Management uses a nine first five not not not To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Company has a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as payment delinquency, bankruptcy, repossession, or death, occurs to raise awareness of a possible credit quality event. The Company’s Commercial Loan Officers are responsible for the timely and accurate risk rating of the loans in their portfolios at origination and on an ongoing basis. The Credit Department performs an annual review of all commercial relationships with loan balances of $750,000 or greater. Confirmation of the appropriate risk grade is included in the review on an ongoing basis. The Company engages an external consultant to conduct loan reviews on a semiannual basis. Generally, the external consultant reviews a sample of commercial relationships greater than $250,000 and criticized relationships greater than $150,000. Detailed reviews, including plans for resolution, are performed on criticized loans on at least a quarterly basis. Loans in the Special Mention and Substandard categories that are collectively evaluated for impairment are given separate consideration in the determination of the allowance. The primary risk of commercial and industrial loans is related to deterioration in the cash flow of the business that may The following tables present the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk-rating system (in thousands): Special Total September 30, 2021 Pass Mention Substandard Doubtful Loans Commercial real estate: Owner occupied $ 104,318 $ 1,577 $ 4,988 $ - $ 110,883 Non-owner occupied 248,468 9,021 52,733 - 310,222 Multifamily 30,762 - - - 30,762 Residential real estate 228,867 156 2,997 - 232,020 Commercial and industrial 160,275 778 1,999 - 163,052 Home equity lines of credit 104,376 - 1,074 - 105,450 Construction and other 49,034 344 - - 49,378 Consumer installment 8,515 - - - 8,515 Total $ 934,615 $ 11,876 $ 63,791 $ - $ 1,010,282 Special Total December 31, 2020 Pass Mention Substandard Doubtful Loans Commercial real estate: Owner occupied $ 93,939 $ 7,084 $ 2,098 $ - $ 103,121 Non-owner occupied 258,974 983 49,467 - 309,424 Multifamily 39,562 - - - 39,562 Residential real estate 230,944 265 2,786 - 233,995 Commercial and industrial 227,765 1,800 2,479 - 232,044 Home equity lines of credit 111,208 - 1,335 - 112,543 Construction and other 58,082 - 5,491 - 63,573 Consumer installment 9,816 - 7 - 9,823 Total $ 1,030,290 $ 10,132 $ 63,663 $ - $ 1,104,085 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. Nonperforming assets are nonaccrual loans including nonaccrual troubled debt restructurings (“TDR”), loans 90 The following tables present the aging of the recorded investment in past-due loans by class of loans (in thousands): 30-59 Days 60-89 Days 90 Days+ Total Total September 30, 2021 Current Past Due Past Due Past Due Past Due Loans Commercial real estate: Owner occupied $ 110,883 $ - $ - $ - $ - $ 110,883 Non-owner occupied 309,849 - - 373 373 310,222 Multifamily 30,762 - - - - 30,762 Residential real estate 230,028 1,233 283 476 1,992 232,020 Commercial and industrial 162,569 299 184 - 483 163,052 Home equity lines of credit 104,742 175 458 75 708 105,450 Construction and other 49,378 - - - - 49,378 Consumer installment 8,312 2 - 201 203 8,515 Total $ 1,006,523 $ 1,709 $ 925 $ 1,125 $ 3,759 $ 1,010,282 30-59 Days 60-89 Days 90 Days+ Total Total December 31, 2020 Current Past Due Past Due Past Due Past Due Loans Commercial real estate: Owner occupied $ 102,587 $ 418 $ - $ 116 $ 534 $ 103,121 Non-owner occupied 305,613 1,844 1,373 594 3,811 309,424 Multifamily 39,562 - - - - 39,562 Residential real estate 230,996 2,364 95 540 2,999 233,995 Commercial and industrial 231,534 260 219 31 510 232,044 Home equity lines of credit 112,325 120 - 98 218 112,543 Construction and other 63,529 44 - - 44 63,573 Consumer installment 9,424 71 108 220 399 9,823 Total $ 1,095,570 $ 5,121 $ 1,795 $ 1,599 $ 8,515 $ 1,104,085 The decrease in loans past due 30 89 The following tables present the recorded investment in nonaccrual loans and loans past due over 89 September 30, 2021 Nonaccrual 90+ Days Past Due and Accruing Commercial real estate: Owner occupied $ 367 $ - Non-owner occupied 3,258 - Multifamily - - Residential real estate 2,464 - Commercial and industrial 295 - Home equity lines of credit 221 - Construction and other - - Consumer installment 201 - Total $ 6,806 $ - December 31, 2020 Nonaccrual 90+ Days Past Due and Accruing Commercial real estate: Owner occupied $ 458 $ - Non-owner occupied 3,758 - Residential real estate 2,487 - Commercial and industrial 509 - Home equity lines of credit 422 - Consumer installment 224 - Total $ 7,858 $ - Interest income that would have been recorded had these loans not three nine September 30, 2021, not three nine September 30, 2020, An allowance for loan and lease losses (“ALLL”) is maintained to absorb losses from the loan portfolio. The ALLL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification, and size of the portfolio, adequacy of collateral, past and anticipated loss experience, and the amount of nonperforming loans. The Company’s methodology for determining the ALLL is based on the requirements of ASC Section 310 10 35 450 20 two may Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. For general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by other qualitative factors. The classes described above, which are based on the purpose code assigned to each loan, provide the starting point for the ALLL analysis. Management tracks the historical net charge-off activity at the call code level. The historical charge-off factor was calculated using the last twelve Management has identified several additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources are national and local economic trends and conditions; levels of and trends in delinquency rates and nonaccrual loans; trends in volumes and terms of loans; effects of changes in lending policies; experience, ability, and depth of lending staff; the value of underlying collateral; and concentrations of credit from a loan type, industry, and geographic standpoint. Management reviews the loan portfolio quarterly using a defined, consistently applied process to make appropriate and timely adjustments to the ALLL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALLL. The following tables summarize the ALLL within the primary segments of the loan portfolio and the activity within those segments (in thousands): For the nine months ended September 30, 2021 Allowance for Loan and Lease Losses Balance Balance December 31, 2020 Charge-offs Recoveries Provision September 30, 2021 Loans: Commercial real estate: Owner occupied $ 1,342 $ - $ 44 $ 166 $ 1,552 Non-owner occupied 6,817 (313 ) - 1,196 7,700 Multifamily 461 - - (63 ) 398 Residential real estate 1,683 (27 ) 4 15 1,675 Commercial and industrial 1,353 - 70 (264 ) 1,159 Home equity lines of credit 1,405 - 55 (132 ) 1,328 Construction and other 378 - 46 (33 ) 391 Consumer installment 20 (102 ) 98 15 31 Total $ 13,459 $ (442 ) $ 317 $ 900 $ 14,234 For the nine months ended September 30, 2020 Allowance for Loan and Lease Losses Balance Balance December 31, 2019 Charge-offs Recoveries Provision September 30, 2020 Loans: Commercial real estate: Owner occupied $ 801 $ (50 ) $ 15 $ 337 $ 1,103 Non-owner occupied 3,382 (3,022 ) 73 4,972 5,405 Multifamily 340 - - 6 346 Residential real estate 726 (51 ) 30 666 1,371 Commercial and industrial 456 (185 ) 268 964 1,503 Home equity lines of credit 932 (54 ) 65 383 1,326 Construction and other 103 - 146 44 293 Consumer installment 28 (396 ) 12 368 12 Total $ 6,768 $ (3,758 ) $ 609 $ 7,740 $ 11,359 For the three months ended September 30, 2021 Allowance for Loan and Lease Losses Balance Balance June 30, 2021 Charge-offs Recoveries Provision September 30, 2021 Loans: Commercial real estate: Owner occupied $ 1,525 $ - $ 1 $ 26 $ 1,552 Non-owner occupied 7,624 (50 ) - 126 7,700 Multifamily 449 - - (51 ) 398 Residential real estate 1,792 - 1 (118 ) 1,675 Commercial and industrial 1,123 - 19 17 1,159 Home equity lines of credit 1,261 - 3 64 1,328 Construction and other 408 - 18 (35 ) 391 Consumer installment 18 - 42 (29 ) 31 Total $ 14,200 $ (50 ) $ 84 $ - $ 14,234 For the three months ended September 30, 2020 Allowance for Loan and Lease Losses Balance Balance March 31, 2020 Charge-offs Recoveries Provision September 30, 2020 Loans: Commercial real estate: Owner occupied $ 1,038 $ - $ 1 $ 64 $ 1,103 Non-owner occupied 5,159 (3,021 ) - 3,267 5,405 Multifamily 291 - - 55 346 Residential real estate 1,167 - - 204 1,371 Commercial and industrial 1,105 (16 ) 29 385 1,503 Home equity lines of credit 1,203 - 49 74 1,326 Construction and other 236 - 111 (54 ) 293 Consumer installment 11 (6 ) 2 5 12 Total $ 10,210 $ (3,043 ) $ 192 $ 4,000 $ 11,359 The provision fluctuations during the nine September 30, 2021, ● non-owner occupied commercial real estate loans are due to exposure to the substandard rate credits related to the hospitality industry. ● commercial and industrial loans are due to a decrease in outstanding balances as PPP loans receive forgiveness. ● home equity lines of credit are due to a decrease in outstanding balances. The provision fluctuations during the nine September 30, 2020, ● a $2.2 million increase in all lending categories’ qualitative factors during the second third 2020 19 ● owner-occupied, non-owner occupied, and commercial and industrial loans are due to an increase in substandard rated credits. ● non-owner occupied portfolio are also due to the increase of specific reserves for two ● commercial and industrial loans are due to growth in loan volume along with an allocation for the PPP loans for $423,000. ● residential real estate loans are due to an increase in delinquent residential mortgages. ● consumer installment loans are due to a large number of student loans that were charged off earlier in the year. The provision fluctuations during the three September 30, 2020, ● owner occupied, non-owner occupied, and commercial and industrial loans are due to an increase in substandard rated credits. ● residential real estate loans are due to an increase in delinquent residential mortgages. ● non-owner occupied loans are due to the increase in specific reserve and subsequent $3.0 million charge-off of the resolved asset purchased at Sheriff’s Sale and booked to OREO for $7.0 million. TDR describes loans on which the bank has granted concessions for reasons related to the customer’s financial difficulties. Such concessions may one ● reduction in the interest rate to below-market rates ● extension of repayment requirements beyond normal terms ● reduction of the principal amount owed ● reduction of accrued interest due ● acceptance of other assets in full or partial payment of a debt In each case, the concession is made due to deterioration in the borrower’s financial condition, and the new terms are less stringent than those required on a new loan with similar risk. See Note 9 19 Additionally, on April 7, 2020, 19 not 19, 30 19 not 9 There were no three nine September 30, 2021. not For the Three Months Ended September 30, 2020 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Residential real estate 1 - 1 $ 115 $ 115 Commercial and industrial 1 - 1 2 2 For the Nine Months Ended September 30, 2020 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Residential real estate 3 - 3 $ 156 $ 156 Commercial and industrial 3 - 3 120 119 There were no subsequent defaults of troubled debt restructurings for the three nine September 30, 2021. |
Note 9 - Risks and Uncertaintie
Note 9 - Risks and Uncertainties | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Risks and Uncertainties [Text Block] | NOTE 9 RISKS AND UNCERTAINTIES COVID- 19 The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law on March 27, 2020, nine September 30, 2021, September 30, 2021, On December 27, 2020, 19 $284 January 11, 2021 May 31, 2021. nine September 30, 2021, 2021 Since the opening of the PPP, several larger banks have been subject to litigation regarding the process and procedures that those banks used in processing applications for the PPP. Middlefield Bank may not may Middlefield Bank also has credit risk on PPP loans if a determination is made by the SBA that there is a deficiency in the manner in which the loan was originated, funded, or serviced by Middlefield Bank, such as an issue with the eligibility of a borrower to receive a PPP loan, which may may not may As of September 30, 2021, December 31, 2020. September 30, 2021, COVID- 19 4013 may not 1 19; 2 not 30 December 31, 2019; 3 March 1, 2020, 60 COVID–19 March 13, 2020, December 31, 2020. Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised) April 7, 2020, not 4013 19 not e.g. nine 8 September 30, 2021. |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 10 COMMITMENTS AND CONTINGENCIES Cannabis Industry We provide deposit services to customers that are licensed by the State of Ohio to do business in (or are related to) the Medical Marijuana Control Program as growers, processors, and dispensaries. Medical Marijuana businesses are regulated by the Ohio Department of Commerce and legal in the State of Ohio, although it is not 2014 While we believe we are operating in compliance with the FinCEN guidelines, there can be no not no not may may no September 30, 2021, December 31, 2020, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements In September 2016, 2016 13, Financial Instruments Credit Losses: Measurement of Credit Losses on Financial Instruments first December 15, 2022, one first one CECL Adoption. 326, not In May 2021, 2021 04, 260 470 50 718 815 40 not December 15, 2021, not In July 2021, 2021 05, 842 842 no not not 842, December 15, 2021, 842, December 15, 2021, December 15, 2022. 842 2021 05. 2021 05 842 not 842. not |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassification of Comparative Amounts Certain comparative amounts for prior years have been reclassified to conform to current-year presentations. Such reclassifications did not |
Note 2 - Revenue Recognition (T
Note 2 - Revenue Recognition (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | For the Three Months Ended September 30, For the Nine Months Ended September 30, Noninterest Income 2021 2020 2021 2020 (Dollar amounts in thousands) Service charges on deposit accounts: Overdraft fees $ 192 $ 163 $ 523 $ 475 ATM banking fees 354 298 1,026 771 Service charges and other fees 330 230 970 564 Gain (loss) on equity securities (a) 102 (28 ) 223 (157 ) Earnings on bank-owned life insurance (a) 108 109 440 321 Gain on sale of loans (a) 309 660 1,122 1,155 Revenue from investment services 190 132 529 400 Other income 236 247 838 851 Total noninterest income $ 1,821 $ 1,811 $ 5,671 $ 4,380 Net loss (gain) on other real estate owned $ 9 $ (225 ) $ 77 $ (257 ) |
Note 3 - Stock-based Compensa_2
Note 3 - Stock-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Weighted- average Exercise Shares Price Per Share Outstanding, January 1, 2021 12,150 $ 8.78 Exercised (12,150 ) 8.78 Outstanding, September 30, 2021 - - Exercisable, September 30, 2021 - - |
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | Weighted-average Grant Date Units Fair Value Per Unit Nonvested at January 1, 2021 66,362 $ 23.52 Granted 29,193 22.50 Vested (17,622 ) (24.10 ) Nonvested at September 30, 2021 77,933 $ 23.00 Expected to vest as of September 30, 2021 53,915 $ 22.42 |
Note 4 - Earnings Per Share (Ta
Note 4 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Weighted Average Number of Shares [Table Text Block] | For the Three For the Nine Months Ended Months Ended September 30, September 30, 2021 2020 2021 2020 Weighted-average common shares issued 7,329,548 7,305,653 7,323,936 7,301,091 Average treasury stock shares (1,192,900 ) (929,362 ) (1,058,133 ) (913,510 ) Weighted-average common shares and common stock equivalents used to calculate basic earnings per share 6,136,648 6,376,291 6,265,803 6,387,581 Additional common stock equivalents (stock options and restricted stock) used to calculate diluted earnings per share 20,533 9,474 21,753 10,093 Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share 6,157,181 6,385,765 6,287,556 6,397,674 |
Note 5 - Fair Value Measureme_2
Note 5 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | September 30, 2021 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a recurring basis: Subordinated debt $ - $ 20,933 $ 11,687 $ 32,620 Obligations of states and political subdivisions - 119,048 - 119,048 Mortgage-backed securities in government-sponsored entities - 11,389 - 11,389 Total debt securities - 151,370 11,687 163,057 Equity securities in financial institutions 833 - - 833 Total $ 833 $ 151,370 $ 11,687 $ 163,890 December 31, 2020 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a recurring basis: Subordinated debt $ - $ 14,047 $ 7,250 $ 21,297 Obligations of states and political subdivisions - 78,302 - 78,302 Mortgage-backed securities in government-sponsored entities - 14,761 - 14,761 Total debt securities - 107,110 7,250 114,360 Equity securities in financial institutions 609 - - 609 Total $ 609 $ 107,110 $ 7,250 $ 114,969 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | September 30, 2021 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 5,390 $ 5,390 Other real estate owned - - 6,992 6,992 December 31, 2020 (Dollar amounts in thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 4,111 $ 4,111 Other real estate owned - - 6,992 6,992 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Quantitative Information about Level III Fair Value Measurements (Dollar amounts in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) September 30, 2021 Impaired loans $ 5,390 Appraisal of collateral (1) Appraisal adjustments (2) 25.0% to 72.2% (38.7%) Other real estate owned $ 6,992 Appraisal of collateral (1) Appraisal adjustments (2) 19.9% Quantitative Information about Level III Fair Value Measurements (Dollar amounts in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) December 31, 2020 Impaired loans $ 4,111 Appraisal of collateral (1) Appraisal adjustments (2) 17.6% to 48.5% (22.7%) Other real estate owned $ 6,992 Appraisal of collateral (1) Appraisal adjustments (2) 19.9% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30, 2021 Carrying Total Value Level I Level II Level III Fair Value (Dollar amounts in thousands) Financial assets: Cash and cash equivalents $ 132,351 $ 132,351 $ - $ - $ 132,351 Loans held for sale 676 - 1,105 - 1,105 Net loans 996,048 - - 986,527 986,527 Bank-owned life insurance 16,954 16,954 - - 16,954 Federal Home Loan Bank stock 4,399 4,399 - - 4,399 Accrued interest receivable 4,392 4,392 - - 4,392 Financial liabilities: Deposits $ 1,200,557 $ 988,883 $ - $ 213,479 $ 1,202,362 Other borrowings 12,966 - - 12,966 12,966 Accrued interest payable 305 305 - - 305 December 31, 2020 Carrying Total Value Level I Level II Level III Fair Value (Dollar amounts in thousands) Financial assets: Cash and cash equivalents $ 112,417 $ 112,417 $ - $ - $ 112,417 Loans held for sale 878 - 878 - 878 Net loans 1,090,626 - - 1,089,573 1,089,573 Bank-owned life insurance 16,938 16,938 - - 16,938 Federal Home Loan Bank stock 5,057 5,057 - - 5,057 Accrued interest receivable 5,210 5,210 - - 5,210 Financial liabilities: Deposits $ 1,225,200 $ 929,450 $ - $ 299,651 $ 1,229,101 Other borrowings 17,038 - - 15,250 15,250 Accrued interest payable 580 580 - - 580 |
Note 6 - Accumulated Other Co_2
Note 6 - Accumulated Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | (Dollars in thousands) Unrealized gains/(losses) on available-for-sale securities (a) Balance as of June 30, 2021 $ 3,893 Other comprehensive loss (283 ) Balance at September 30, 2021 $ 3,610 Balance as of December 31, 2020 $ 4,284 Other comprehensive loss (674 ) Balance at September 30, 2021 $ 3,610 (Dollars in thousands) Unrealized gains/(losses) on available-for-sale securities (a) Balance as of June 30, 2020 $ 3,761 Other comprehensive income 316 Balance at September 30, 2020 $ 4,077 Balance as of December 31, 2019 $ 1,842 Other comprehensive income 2,235 Balance at September 30, 2020 $ 4,077 |
Note 7 - Investment and Equit_2
Note 7 - Investment and Equity Securities (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | September 30, 2021 Gross Gross Amortized Unrealized Unrealized Fair (Dollar amounts in thousands) Cost Gains Losses Value Subordinated debt $ 32,300 $ 378 $ (58 ) $ 32,620 Obligations of states and political subdivisions: Taxable 500 2 - 502 Tax-exempt 114,603 4,194 (251 ) 118,546 Mortgage-backed securities in government-sponsored entities 11,084 365 (60 ) 11,389 Total $ 158,487 $ 4,939 $ (369 ) $ 163,057 December 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair (Dollar amounts in thousands) Cost Gains Losses Value Subordinated debt $ 21,050 $ 254 $ (7 ) $ 21,297 Obligations of states and political subdivisions: Taxable 500 2 - 502 Tax-exempt 73,157 4,643 - 77,800 Mortgage-backed securities in government-sponsored entities 14,230 536 (5 ) 14,761 Total $ 108,937 $ 5,435 $ (12 ) $ 114,360 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Fair (Dollar amounts in thousands) Cost Value Due in one year or less $ 203 $ 203 Due after one year through five years 2,072 2,130 Due after five years through ten years 40,597 41,179 Due after ten years 115,615 119,545 Total $ 158,487 $ 163,057 |
Schedule of Unrealized Loss on Investments [Table Text Block] | September 30, 2021 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (Dollar amounts in thousands) Value Losses Value Losses Value Losses Subordinated debt $ 6,149 $ (51 ) $ 493 $ (7 ) $ 6,642 $ (58 ) Obligations of states and political subdivisions: Tax-exempt 22,463 (251 ) - - 22,463 (251 ) Mortgage-backed securities in government-sponsored entities 1,674 (53 ) 361 (7 ) 2,035 (60 ) Total $ 30,286 $ (355 ) $ 854 $ (14 ) $ 31,140 $ (369 ) December 31, 2020 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (Dollar amounts in thousands) Value Losses Value Losses Value Losses Subordinated debt $ 4,243 $ (7 ) $ - $ - $ 4,243 $ (7 ) Mortgage-backed securities in government-sponsored entities 2,748 (5 ) - - 2,748 (5 ) Total $ 6,991 $ (12 ) $ - $ - $ 6,991 $ (12 ) |
Note 8 - Loans and Related Al_2
Note 8 - Loans and Related Allowance for Loan and Lease Losses (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule Of Financing Receivable By Segment [Table Text Block] | September 30, 2021 Impairment Evaluation Individually Collectively Total Loans Loans: Commercial real estate: Owner occupied $ 1,396 $ 109,487 $ 110,883 Non-owner occupied 6,144 304,078 310,222 Multifamily - 30,762 30,762 Residential real estate 1,163 230,857 232,020 Commercial and industrial 665 162,387 163,052 Home equity lines of credit 252 105,198 105,450 Construction and other - 49,378 49,378 Consumer installment - 8,515 8,515 Total $ 9,620 $ 1,000,662 $ 1,010,282 December 31, 2020 Impairment Evaluation Individually Collectively Total Loans Loans: Commercial real estate: Owner occupied $ 1,565 $ 101,556 $ 103,121 Non-owner occupied 4,123 305,301 309,424 Multifamily - 39,562 39,562 Residential real estate 1,319 232,676 233,995 Commercial and industrial 834 231,210 232,044 Home equity lines of credit 246 112,297 112,543 Construction and other - 63,573 63,573 Consumer installment - 9,823 9,823 Total $ 8,087 $ 1,095,998 $ 1,104,085 |
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block] | September 30, 2021 Ending Allowance Balance by Impairment Evaluation: Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Allocation Loans: Commercial real estate: Owner occupied $ 5 $ 1,547 $ 1,552 Non-owner occupied 739 6,961 7,700 Multifamily - 398 398 Residential real estate 17 1,658 1,675 Commercial and industrial 102 1,057 1,159 Home equity lines of credit 96 1,232 1,328 Construction and other - 391 391 Consumer installment - 31 31 Total $ 959 $ 13,275 $ 14,234 December 31, 2020 Ending Allowance Balance by Impairment Evaluation: Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Allocation Loans: Commercial real estate: Owner occupied $ 10 $ 1,332 $ 1,342 Non-owner occupied 371 6,446 6,817 Multifamily - 461 461 Residential real estate 20 1,663 1,683 Commercial and industrial 48 1,305 1,353 Home equity lines of credit 41 1,364 1,405 Construction and other - 378 378 Consumer installment - 20 20 Total $ 490 $ 12,969 $ 13,459 For the nine months ended September 30, 2021 Allowance for Loan and Lease Losses Balance Balance December 31, 2020 Charge-offs Recoveries Provision September 30, 2021 Loans: Commercial real estate: Owner occupied $ 1,342 $ - $ 44 $ 166 $ 1,552 Non-owner occupied 6,817 (313 ) - 1,196 7,700 Multifamily 461 - - (63 ) 398 Residential real estate 1,683 (27 ) 4 15 1,675 Commercial and industrial 1,353 - 70 (264 ) 1,159 Home equity lines of credit 1,405 - 55 (132 ) 1,328 Construction and other 378 - 46 (33 ) 391 Consumer installment 20 (102 ) 98 15 31 Total $ 13,459 $ (442 ) $ 317 $ 900 $ 14,234 For the nine months ended September 30, 2020 Allowance for Loan and Lease Losses Balance Balance December 31, 2019 Charge-offs Recoveries Provision September 30, 2020 Loans: Commercial real estate: Owner occupied $ 801 $ (50 ) $ 15 $ 337 $ 1,103 Non-owner occupied 3,382 (3,022 ) 73 4,972 5,405 Multifamily 340 - - 6 346 Residential real estate 726 (51 ) 30 666 1,371 Commercial and industrial 456 (185 ) 268 964 1,503 Home equity lines of credit 932 (54 ) 65 383 1,326 Construction and other 103 - 146 44 293 Consumer installment 28 (396 ) 12 368 12 Total $ 6,768 $ (3,758 ) $ 609 $ 7,740 $ 11,359 For the three months ended September 30, 2021 Allowance for Loan and Lease Losses Balance Balance June 30, 2021 Charge-offs Recoveries Provision September 30, 2021 Loans: Commercial real estate: Owner occupied $ 1,525 $ - $ 1 $ 26 $ 1,552 Non-owner occupied 7,624 (50 ) - 126 7,700 Multifamily 449 - - (51 ) 398 Residential real estate 1,792 - 1 (118 ) 1,675 Commercial and industrial 1,123 - 19 17 1,159 Home equity lines of credit 1,261 - 3 64 1,328 Construction and other 408 - 18 (35 ) 391 Consumer installment 18 - 42 (29 ) 31 Total $ 14,200 $ (50 ) $ 84 $ - $ 14,234 For the three months ended September 30, 2020 Allowance for Loan and Lease Losses Balance Balance March 31, 2020 Charge-offs Recoveries Provision September 30, 2020 Loans: Commercial real estate: Owner occupied $ 1,038 $ - $ 1 $ 64 $ 1,103 Non-owner occupied 5,159 (3,021 ) - 3,267 5,405 Multifamily 291 - - 55 346 Residential real estate 1,167 - - 204 1,371 Commercial and industrial 1,105 (16 ) 29 385 1,503 Home equity lines of credit 1,203 - 49 74 1,326 Construction and other 236 - 111 (54 ) 293 Consumer installment 11 (6 ) 2 5 12 Total $ 10,210 $ (3,043 ) $ 192 $ 4,000 $ 11,359 |
Impaired Financing Receivables [Table Text Block] | September 30, 2021 Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial real estate: Owner occupied $ 981 $ 1,027 $ - Non-owner occupied 1,624 1,754 - Residential real estate 870 877 - Commercial and industrial 119 550 - Home equity lines of credit 8 8 - Total $ 3,602 $ 4,216 $ - With an allowance recorded: Commercial real estate: Owner occupied $ 415 $ 415 $ 5 Non-owner occupied 4,520 5,194 739 Residential real estate 293 293 17 Commercial and industrial 546 650 102 Home equity lines of credit 244 244 96 Total $ 6,018 $ 6,796 $ 959 Total: Commercial real estate: Owner occupied $ 1,396 $ 1,442 $ 5 Non-owner occupied 6,144 6,948 739 Residential real estate 1,163 1,170 17 Commercial and industrial 665 1,200 102 Home equity lines of credit 252 252 96 Total $ 9,620 $ 11,012 $ 959 December 31, 2020 Impaired Loans Unpaid Recorded Principal Related Investment Balance Allowance With no related allowance recorded: Commercial real estate: Owner occupied $ 1,118 $ 1,142 $ - Non-owner occupied 801 801 - Residential real estate 941 1,013 - Commercial and industrial 561 1,056 - Home equity lines of credit 80 92 - Total $ 3,501 $ 4,104 $ - With an allowance recorded: Commercial real estate: Owner occupied $ 447 $ 447 $ 10 Non-owner occupied 3,322 3,596 371 Residential real estate 378 378 20 Commercial and industrial 273 276 48 Home equity lines of credit 166 166 41 Total $ 4,586 $ 4,863 $ 490 Total: Commercial real estate: Owner occupied $ 1,565 $ 1,589 $ 10 Non-owner occupied 4,123 4,397 371 Residential real estate 1,319 1,391 20 Commercial and industrial 834 1,332 48 Home equity lines of credit 246 258 41 Total $ 8,087 $ 8,967 $ 490 |
Schedule of Additional Information Related to Impaired Loans [Table Text Block] | For the Three Months Ended September 30, 2021 For the Nine Months Ended September 30, 2021 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial real estate: Owner occupied $ 1,428 $ 14 $ 1,485 $ 45 Non-owner occupied 5,419 34 4,955 101 Residential real estate 1,190 18 1,234 42 Commercial and industrial 694 9 807 22 Home equity lines of credit 245 6 244 9 Total $ 8,976 $ 81 $ 8,725 $ 219 For the Three Months Ended September 30, 2020 For the Nine Months Ended September 30, 2020 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial real estate: Owner occupied $ 2,893 $ - $ 3,173 $ 55 Non-owner occupied 12,912 129 9,988 387 Residential real estate 1,242 14 1,229 39 Commercial and industrial 1,376 28 1,136 49 Home equity lines of credit 298 1 323 5 Consumer installment - - 1 - Total $ 18,721 $ 172 $ 15,850 $ 535 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Special Total September 30, 2021 Pass Mention Substandard Doubtful Loans Commercial real estate: Owner occupied $ 104,318 $ 1,577 $ 4,988 $ - $ 110,883 Non-owner occupied 248,468 9,021 52,733 - 310,222 Multifamily 30,762 - - - 30,762 Residential real estate 228,867 156 2,997 - 232,020 Commercial and industrial 160,275 778 1,999 - 163,052 Home equity lines of credit 104,376 - 1,074 - 105,450 Construction and other 49,034 344 - - 49,378 Consumer installment 8,515 - - - 8,515 Total $ 934,615 $ 11,876 $ 63,791 $ - $ 1,010,282 Special Total December 31, 2020 Pass Mention Substandard Doubtful Loans Commercial real estate: Owner occupied $ 93,939 $ 7,084 $ 2,098 $ - $ 103,121 Non-owner occupied 258,974 983 49,467 - 309,424 Multifamily 39,562 - - - 39,562 Residential real estate 230,944 265 2,786 - 233,995 Commercial and industrial 227,765 1,800 2,479 - 232,044 Home equity lines of credit 111,208 - 1,335 - 112,543 Construction and other 58,082 - 5,491 - 63,573 Consumer installment 9,816 - 7 - 9,823 Total $ 1,030,290 $ 10,132 $ 63,663 $ - $ 1,104,085 |
Financing Receivable, Past Due [Table Text Block] | 30-59 Days 60-89 Days 90 Days+ Total Total September 30, 2021 Current Past Due Past Due Past Due Past Due Loans Commercial real estate: Owner occupied $ 110,883 $ - $ - $ - $ - $ 110,883 Non-owner occupied 309,849 - - 373 373 310,222 Multifamily 30,762 - - - - 30,762 Residential real estate 230,028 1,233 283 476 1,992 232,020 Commercial and industrial 162,569 299 184 - 483 163,052 Home equity lines of credit 104,742 175 458 75 708 105,450 Construction and other 49,378 - - - - 49,378 Consumer installment 8,312 2 - 201 203 8,515 Total $ 1,006,523 $ 1,709 $ 925 $ 1,125 $ 3,759 $ 1,010,282 30-59 Days 60-89 Days 90 Days+ Total Total December 31, 2020 Current Past Due Past Due Past Due Past Due Loans Commercial real estate: Owner occupied $ 102,587 $ 418 $ - $ 116 $ 534 $ 103,121 Non-owner occupied 305,613 1,844 1,373 594 3,811 309,424 Multifamily 39,562 - - - - 39,562 Residential real estate 230,996 2,364 95 540 2,999 233,995 Commercial and industrial 231,534 260 219 31 510 232,044 Home equity lines of credit 112,325 120 - 98 218 112,543 Construction and other 63,529 44 - - 44 63,573 Consumer installment 9,424 71 108 220 399 9,823 Total $ 1,095,570 $ 5,121 $ 1,795 $ 1,599 $ 8,515 $ 1,104,085 |
Financing Receivable, Nonaccrual [Table Text Block] | September 30, 2021 Nonaccrual 90+ Days Past Due and Accruing Commercial real estate: Owner occupied $ 367 $ - Non-owner occupied 3,258 - Multifamily - - Residential real estate 2,464 - Commercial and industrial 295 - Home equity lines of credit 221 - Construction and other - - Consumer installment 201 - Total $ 6,806 $ - December 31, 2020 Nonaccrual 90+ Days Past Due and Accruing Commercial real estate: Owner occupied $ 458 $ - Non-owner occupied 3,758 - Residential real estate 2,487 - Commercial and industrial 509 - Home equity lines of credit 422 - Consumer installment 224 - Total $ 7,858 $ - |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | For the Three Months Ended September 30, 2020 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Residential real estate 1 - 1 $ 115 $ 115 Commercial and industrial 1 - 1 2 2 For the Nine Months Ended September 30, 2020 Number of Contracts Pre-Modification Post-Modification Troubled Debt Restructurings Term Modification Other Total Outstanding Recorded Investment Outstanding Recorded Investment Residential real estate 3 - 3 $ 156 $ 156 Commercial and industrial 3 - 3 120 119 |
Note 2 - Revenue Recognition (D
Note 2 - Revenue Recognition (Details Textual) | 9 Months Ended |
Sep. 30, 2021 | |
Revenue from Interest Income and Noninterest Income, Percent | 91.10% |
Note 2 - Revenue Recognition -
Note 2 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | ||
Gain on equity securities | [1] | $ 102,000 | $ (28,000) | $ 223,000 | $ (157,000) |
Earnings on bank-owned life insurance | [1] | 108,000 | 109,000 | 440,000 | 321,000 |
Gain on sale of loans | [1] | 309,000 | 660,000 | 1,122,000 | 1,155,000 |
Revenue from investment services | 190,000 | 132,000 | 529,000 | 400,000 | |
Other income | 236,000 | 247,000 | 838,000 | 851,000 | |
Total noninterest income | 1,821,000 | 1,811,000 | 5,671,000 | 4,380,000 | |
Net loss (gain) on other real estate owned | 9,000 | (225,000) | 77,000 | (257,000) | |
Overdraft Fees [Member] | |||||
Noninterest income revenue | 192,000 | 163,000 | 523,000 | 475,000 | |
ATM Banking Fees [Member] | |||||
Noninterest income revenue | 354,000 | 298,000 | 1,026,000 | 771,000 | |
Service Charge and Other Fees [Member] | |||||
Noninterest income revenue | $ 330,000 | $ 230,000 | $ 970,000 | $ 564,000 | |
[1] | Not within scope of ASC 606 |
Note 3 - Stock-based Compensa_3
Note 3 - Stock-based Compensation (Details Textual) - USD ($) shares in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares, Ending Balance (in shares) | 0 | 0 | 0 | 0 | ||||
Share-based Payment Arrangement, Expense | $ 292,000 | $ (75,000) | $ 389,000 | $ (188,000) | ||||
Deferred Compensation Share-based Arrangements, Liability, Current and Noncurrent | 887,000 | $ 289,000 | 887,000 | $ 289,000 | ||||
Restricted Stock [Member] | ||||||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 657,000 | $ 657,000 | ||||||
Restricted Stock [Member] | Forecast [Member] | ||||||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 25,000 | $ 188,000 | $ 317,000 | $ 127,000 |
Note 3 - Share-based Compensati
Note 3 - Share-based Compensation - Stock Option Activity (Details) | 9 Months Ended |
Sep. 30, 2021$ / sharesshares | |
Outstanding (in shares) | shares | 12,150 |
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 8.78 |
Exercised (in shares) | shares | (12,150) |
Exercised, weighted average exercise price (in dollars per share) | $ / shares | $ 8.78 |
Outstanding (in shares) | shares | 0 |
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 0 |
Exercisable (in shares) | shares | 0 |
Exercisable, weighted average exercise price (in dollars per share) | $ / shares | $ 0 |
Note 3 - Share-based Compensa_2
Note 3 - Share-based Compensation - Activity Related to Restricted Stock Units Awarded (Details) - Restricted Stock [Member] | 9 Months Ended |
Sep. 30, 2021$ / sharesshares | |
Nonvested (in shares) | shares | 66,362 |
Nonvested, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 23.52 |
Granted (in shares) | shares | 29,193 |
Granted, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 22.50 |
Vested (in shares) | shares | (17,622) |
Vested, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ (24.10) |
Nonvested (in shares) | shares | 77,933 |
Nonvested, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 23 |
Expected to vest (in shares) | shares | 53,915 |
Expected to vest, weighted average grant date fair value per share (in dollars per share) | $ / shares | $ 22.42 |
Note 4 - Earnings Per Share (De
Note 4 - Earnings Per Share (Details Textual) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 0 | 0 | 13,000 | 12,150 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 0 | $ 0 | $ 8.78 | $ 8.78 |
Treasury Stock, Shares, Ending Balance (in shares) | 1,275,465 | 1,275,465 | 929,362 | |
Treasury Stock, Shares, Acquired (in shares) | 165,058 | 346,103 | 58,200 | |
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares) | 77,933 | 77,933 | 67,760 | 66,362 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 57,400 | 67,405 |
Note 4 - Earnings Per Share - S
Note 4 - Earnings Per Share - Shares Used in Calculation of Earnings Per Share (Details) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Weighted-average common shares issued (in shares) | 7,329,548 | 7,305,653 | 7,323,936 | 7,301,091 |
Average treasury stock shares (in shares) | (1,192,900) | (929,362) | (1,058,133) | (913,510) |
Weighted-average common shares and common stock equivalents used to calculate basic earnings per share (in shares) | 6,136,648 | 6,376,291 | 6,265,803 | 6,387,581 |
Additional common stock equivalents (stock options and restricted stock) used to calculate diluted earnings per share (in shares) | 20,533 | 9,474 | 21,753 | 10,093 |
Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share (in shares) | 6,157,181 | 6,385,765 | 6,287,556 | 6,397,674 |
Note 5 - Fair Value Measureme_3
Note 5 - Fair Value Measurements (Details Textual) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2021 | Dec. 31, 2020 | Jan. 01, 2021 | |
Estimated Selling Costs of Impaired Loans | $ 1,200,000 | $ 838,000 | |
Investments [Member] | Subordinated Debt Securities [Member] | |||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance | 11,700,000 | $ 7,300,000 | |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases | 4,200,000 | ||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss) | $ 237,000 |
Note 5 - Fair Value Measureme_4
Note 5 - Fair Value Measurements - Assets Measured on a Recurring Basis (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Total debt securities | $ 163,057,000 | $ 114,360,000 |
Equity securities in financial institutions | 833,000 | 609,000 |
Investment securities available for sale, at fair value | 163,057,000 | 114,360,000 |
Subordinated Debt Securities [Member] | ||
Total debt securities | 32,620,000 | 21,297,000 |
Investment securities available for sale, at fair value | 32,620,000 | 21,297,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Total debt securities | 11,389,000 | 14,761,000 |
Investment securities available for sale, at fair value | 11,389,000 | 14,761,000 |
Fair Value, Recurring [Member] | ||
Total debt securities | 163,057,000 | 114,360,000 |
Equity securities in financial institutions | 833,000 | 609,000 |
Total | 163,890,000 | 114,969,000 |
Investment securities available for sale, at fair value | 163,057,000 | 114,360,000 |
Fair Value, Recurring [Member] | Subordinated Debt Securities [Member] | ||
Total debt securities | 32,620,000 | 21,297,000 |
Investment securities available for sale, at fair value | 32,620,000 | 21,297,000 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Total debt securities | 119,048,000 | 78,302,000 |
Investment securities available for sale, at fair value | 119,048,000 | 78,302,000 |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Total debt securities | 11,389,000 | 14,761,000 |
Investment securities available for sale, at fair value | 11,389,000 | 14,761,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total debt securities | 0 | 0 |
Equity securities in financial institutions | 833,000 | 609,000 |
Total | 833,000 | 609,000 |
Investment securities available for sale, at fair value | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Subordinated Debt Securities [Member] | ||
Total debt securities | 0 | 0 |
Investment securities available for sale, at fair value | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Total debt securities | 0 | 0 |
Investment securities available for sale, at fair value | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Total debt securities | 0 | 0 |
Investment securities available for sale, at fair value | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total debt securities | 151,370,000 | 107,110,000 |
Equity securities in financial institutions | 0 | 0 |
Total | 151,370,000 | 107,110,000 |
Investment securities available for sale, at fair value | 151,370,000 | 107,110,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Subordinated Debt Securities [Member] | ||
Total debt securities | 20,933,000 | 14,047,000 |
Investment securities available for sale, at fair value | 20,933,000 | 14,047,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Total debt securities | 119,048,000 | 78,302,000 |
Investment securities available for sale, at fair value | 119,048,000 | 78,302,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Total debt securities | 11,389,000 | 14,761,000 |
Investment securities available for sale, at fair value | 11,389,000 | 14,761,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total debt securities | 11,687,000 | 7,250,000 |
Equity securities in financial institutions | 0 | 0 |
Total | 11,687,000 | 7,250,000 |
Investment securities available for sale, at fair value | 11,687,000 | 7,250,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Subordinated Debt Securities [Member] | ||
Total debt securities | 11,687,000 | 7,250,000 |
Investment securities available for sale, at fair value | 11,687,000 | 7,250,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Total debt securities | 0 | 0 |
Investment securities available for sale, at fair value | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Total debt securities | 0 | 0 |
Investment securities available for sale, at fair value | $ 0 | $ 0 |
Note 5 - Fair Value Measureme_5
Note 5 - Fair Value Measurements - Assets Measured on a Nonrecurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Impaired loans | $ 9,620 | $ 8,087 |
Fair Value, Nonrecurring [Member] | ||
Impaired loans | 5,390 | 4,111 |
Other real estate owned | 6,992 | 6,992 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member] | ||
Impaired loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | ||
Impaired loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | ||
Impaired loans | 5,390 | 4,111 |
Other real estate owned | $ 6,992 | $ 6,992 |
Note 5 - Fair Value Measureme_6
Note 5 - Fair Value Measurements - Additional Quantitative Information About Assets Measured at Fair Value on Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] $ in Thousands | Sep. 30, 2021USD ($) | Dec. 31, 2020USD ($) | |
Other real estate owned | $ 6,992 | $ 6,992 | |
Fair Value, Inputs, Level 3 [Member] | |||
Other real estate owned | 6,992 | 6,992 | |
Fair Value, Inputs, Level 3 [Member] | Appraisal of Collateral [Member] | |||
Impaired loans, fair value estimate | [1] | 5,390 | 4,111 |
Other real estate owned | [1] | $ 6,992 | $ 6,992 |
Fair Value, Inputs, Level 3 [Member] | Appraisal of Collateral [Member] | Measurement Input, Appraised Value [Member] | |||
Other real estate owned | [2] | 0.199 | 0.199 |
Fair Value, Inputs, Level 3 [Member] | Appraisal of Collateral [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans | [2] | 0.250 | 0.176 |
Fair Value, Inputs, Level 3 [Member] | Appraisal of Collateral [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans | [2] | 0.722 | 0.485 |
Fair Value, Inputs, Level 3 [Member] | Appraisal of Collateral [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans | [2] | (0.387) | 0.227 |
[1] | Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level III inputs that are not identifiable, less any associated allowance. | ||
[2] | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. |
Note 5 - Fair Value Measureme_7
Note 5 - Fair Value Measurements - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Reported Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | $ 132,351 | $ 112,417 |
Loans held for sale | 676 | 878 |
Net loans | 996,048 | 1,090,626 |
Bank-owned life insurance | 16,954 | 16,938 |
Federal Home Loan Bank stock | 4,399 | 5,057 |
Accrued interest receivable | 4,392 | 5,210 |
Financial liabilities: | ||
Deposits | 1,200,557 | 1,225,200 |
Other borrowings | 12,966 | 17,038 |
Accrued interest payable | 305 | 580 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 132,351 | 112,417 |
Loans held for sale | 1,105 | 878 |
Net loans | 986,527 | 1,089,573 |
Bank-owned life insurance | 16,954 | 16,938 |
Federal Home Loan Bank stock | 4,399 | 5,057 |
Accrued interest receivable | 4,392 | 5,210 |
Financial liabilities: | ||
Deposits | 1,202,362 | 1,229,101 |
Other borrowings | 12,966 | 15,250 |
Accrued interest payable | 305 | 580 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 132,351 | 112,417 |
Loans held for sale | 0 | 0 |
Net loans | 0 | 0 |
Bank-owned life insurance | 16,954 | 16,938 |
Federal Home Loan Bank stock | 4,399 | 5,057 |
Accrued interest receivable | 4,392 | 5,210 |
Financial liabilities: | ||
Deposits | 988,883 | 929,450 |
Other borrowings | 0 | 0 |
Accrued interest payable | 305 | 580 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 0 | 0 |
Loans held for sale | 1,105 | 878 |
Net loans | 0 | 0 |
Bank-owned life insurance | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Financial liabilities: | ||
Deposits | 0 | 0 |
Other borrowings | 0 | 0 |
Accrued interest payable | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 0 | 0 |
Loans held for sale | 0 | 0 |
Net loans | 986,527 | 1,089,573 |
Bank-owned life insurance | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Financial liabilities: | ||
Deposits | 213,479 | 299,651 |
Other borrowings | 12,966 | 15,250 |
Accrued interest payable | $ 0 | $ 0 |
Note 6 - Accumulated Other Co_3
Note 6 - Accumulated Other Comprehensive Income (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax, Total | $ 0 | $ 0 | $ 0 | $ 0 |
Note 6 - Accumulated Other Co_4
Note 6 - Accumulated Other Comprehensive Income - Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | ||
Balance | $ 146,044 | $ 140,695 | $ 143,810 | $ 137,775 | |
Other comprehensive income (loss) | [1] | 2,235 | |||
Balance | 146,055 | 142,056 | 146,055 | 142,056 | |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | |||||
Balance | [1] | 3,893 | 3,761 | 4,284 | 1,842 |
Other comprehensive income (loss) | [1] | (283) | 316 | (674) | |
Balance | [1] | $ 3,610 | $ 4,077 | $ 3,610 | $ 4,077 |
[1] | All amounts are net of tax. Amounts in parentheses indicate debits to AOCI. |
Note 7 - Investment and Equit_3
Note 7 - Investment and Equity Securities (Details Textual) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Dec. 31, 2020USD ($) | ||
Equity Securities, FV-NI, Current | $ 833,000 | $ 833,000 | $ 609,000 | |||
Equity Securities, FV-NI, Unrealized Gain (Loss), Total | [1] | 102,000 | $ (28,000) | 223,000 | $ (157,000) | |
Equity Securities, FV-NI, Realized Gain (Loss), Total | 0 | $ 0 | 0 | 0 | ||
Security Owned and Pledged as Collateral, Fair Value, Total | $ 72,700,000 | $ 72,700,000 | 71,100,000 | |||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 30 | 30 | ||||
Available-for-sale Securities, Percentage of Portfolio | 80.00% | 80.00% | ||||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 0 | $ 0 | $ 0 | |||
[1] | Not within scope of ASC 606 |
Note 7 - Investment and Equit_4
Note 7 - Investment and Equity Securities - Amortized Cost and Fair Values of Securities Available for Sale (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Amortized cost | $ 158,487 | $ 108,937 |
Gross unrealized gains | 4,939 | 5,435 |
Gross unrealized losses | (369) | (12) |
Investment securities available for sale, at fair value | 163,057 | 114,360 |
Subordinated Debt Securities [Member] | ||
Amortized cost | 32,300 | 21,050 |
Gross unrealized gains | 378 | 254 |
Gross unrealized losses | (58) | (7) |
Investment securities available for sale, at fair value | 32,620 | 21,297 |
Taxable Municipal Bonds [Member] | ||
Amortized cost | 500 | 500 |
Gross unrealized gains | 2 | 2 |
Gross unrealized losses | 0 | 0 |
Investment securities available for sale, at fair value | 502 | 502 |
Nontaxable Municipal Bonds [Member] | ||
Amortized cost | 114,603 | 73,157 |
Gross unrealized gains | 4,194 | 4,643 |
Gross unrealized losses | (251) | 0 |
Investment securities available for sale, at fair value | 118,546 | 77,800 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 11,084 | 14,230 |
Gross unrealized gains | 365 | 536 |
Gross unrealized losses | (60) | (5) |
Investment securities available for sale, at fair value | $ 11,389 | $ 14,761 |
Note 7 - Investment and Equit_5
Note 7 - Investment and Equity Securities - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Due in one year or less, amortized costs | $ 203 | |
Due in one year or less, fair value | 203 | |
Due after one year through five years, amortized costs | 2,072 | |
Due after one year through five years, fair value | 2,130 | |
Due after five years through ten years, amortized costs | 40,597 | |
Due after five years through ten years, fair value | 41,179 | |
Due after ten years, amortized costs | 115,615 | |
Due after ten years, fair value | 119,545 | |
Amortized costs | 158,487 | $ 108,937 |
Fair Value | $ 163,057 | $ 114,360 |
Note 7 - Investment and Equit_6
Note 7 - Investment and Equity Securities - Gross Unrealized Losses and Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Less than Twelve Months, Fair Value | $ 30,286 | $ 6,991 |
Less than Twelve Months, Gross Unrealized Losses | (355) | (12) |
Twelve Months or Greater, Fair Value | 854 | 0 |
Twelve Months or Greater, Gross Unrealized Losses | (14) | 0 |
Total, Fair Value | 31,140 | 6,991 |
Total, Gross Unrealized Losses | (369) | (12) |
Subordinated Debt Securities [Member] | ||
Less than Twelve Months, Fair Value | 6,149 | 4,243 |
Less than Twelve Months, Gross Unrealized Losses | (51) | (7) |
Twelve Months or Greater, Fair Value | 493 | 0 |
Twelve Months or Greater, Gross Unrealized Losses | (7) | 0 |
Total, Fair Value | 6,642 | 4,243 |
Total, Gross Unrealized Losses | (58) | (7) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than Twelve Months, Fair Value | 1,674 | 2,748 |
Less than Twelve Months, Gross Unrealized Losses | (53) | (5) |
Twelve Months or Greater, Fair Value | 361 | 0 |
Twelve Months or Greater, Gross Unrealized Losses | (7) | 0 |
Total, Fair Value | 2,035 | 2,748 |
Total, Gross Unrealized Losses | (60) | $ (5) |
Nontaxable Municipal Bonds [Member] | ||
Less than Twelve Months, Fair Value | 22,463 | |
Less than Twelve Months, Gross Unrealized Losses | (251) | |
Twelve Months or Greater, Fair Value | 0 | |
Twelve Months or Greater, Gross Unrealized Losses | 0 | |
Total, Fair Value | 22,463 | |
Total, Gross Unrealized Losses | $ (251) |
Note 8 - Loans and Related Al_3
Note 8 - Loans and Related Allowance for Loan and Lease Losses (Details Textual) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Dec. 31, 2020USD ($) | |
Loans and Leases Receivable, Net of Deferred Income, Total | $ 1,010,282,000 | $ 1,010,282,000 | $ 1,104,085,000 | ||
Loans and Leases Receivable, Deferred Income, Total | 3,700,000 | 3,700,000 | 4,400,000 | ||
Financing Receivable, Troubled Debt Restructuring | 2,600,000 | 2,600,000 | 2,900,000 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | $ 108,000 | 45,000 | |||
Number of Days Past Due (Day) | 90 days | ||||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 107,000 | $ 112,000 | $ 290,000 | $ 215,000 | |
Provision for Loan and Lease Losses, Total | 0 | 4,000,000 | 900,000 | 7,740,000 | |
Allowance for Loan and Lease Losses, Write-offs | 50,000 | 3,043,000 | 442,000 | 3,758,000 | |
Other Real Estate, Ending Balance | $ 7,090,000 | $ 7,000,000 | $ 7,090,000 | $ 7,000,000 | 7,387,000 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |||
Threshold For Loans Evaluated For Impairment [Member] | |||||
Loans and Leases Receivable, before Fees, Gross | $ 750,000 | $ 750,000 | |||
Threshold For Loans Evaluated For Impairment [Member] | Outside Consultant [Member] | |||||
Loans and Leases Receivable, before Fees, Gross | 250,000 | 250,000 | |||
Threshold For Loans Evaluated For Impairment [Member] | Criticized Relationships [Member] | |||||
Financing Receivable, before Allowance for Credit Loss, Total | 150,000 | 150,000 | |||
Provision Fluctuation [Member] | |||||
Provision for Loan and Lease Losses, Total | $ 2,200,000 | ||||
Non-owner occupied Loan [Member] | |||||
Provision for Loan and Lease Losses, Total | 1,300,000 | ||||
Commercial And Industrial [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income, Total | 163,052,000 | 163,052,000 | 232,044,000 | ||
Provision for Loan and Lease Losses, Total | 17,000 | $ 385,000 | (264,000) | 964,000 | |
Allowance for Loan and Lease Losses, Write-offs | 0 | $ 16,000 | 0 | $ 185,000 | |
Financing Receivable, Modifications, Number of Contracts | 1 | 3 | |||
Commercial Real Estate Portfolio Segment [Member] | Provision Fluctuation [Member] | |||||
Allowance for Loan and Lease Losses, Write-offs | $ 3,000,000 | ||||
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income, Total | 310,222,000 | 310,222,000 | 309,424,000 | ||
Provision for Loan and Lease Losses, Total | 126,000 | 3,267,000 | 1,196,000 | $ 4,972,000 | |
Allowance for Loan and Lease Losses, Write-offs | 50,000 | 3,021,000 | 313,000 | 3,022,000 | |
Small Business Administration (SBA), CARES Act, Paycheck Protection Program [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income, Total | 54,200,000 | 54,200,000 | |||
Loans and Leases Receivable, Deferred Income, Total | 2,100,000 | 2,100,000 | 2,700,000 | ||
Small Business Administration (SBA), CARES Act, Paycheck Protection Program [Member] | Commercial And Industrial [Member] | |||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | $ 423,000 | $ 423,000 | |||
Small Business Administration (SBA), CARES Act, Paycheck Protection Program [Member] | Commercial And Industrial [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income, Total | $ 54,200,000 | $ 54,200,000 | $ 116,100,000 | ||
Financing Receivable, Allowance for Credit Losses, Percentage of Portfolio | 0.40% | 0.40% | |||
Financing Receivable, Allowance for Credit Loss, Ending Balance | $ 216,000 | $ 216,000 |
Note 8 - Loans and Related Al_4
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Primary Segments of the Loan Portfolio (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Individually evaluated for impairment | $ 9,620 | $ 8,087 |
Collectively evaluated for impairment | 1,000,662 | 1,095,998 |
Loans and Leases Receivable, Net of Deferred Income, Total | 1,010,282 | 1,104,085 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||
Individually evaluated for impairment | 1,396 | 1,565 |
Collectively evaluated for impairment | 109,487 | 101,556 |
Loans and Leases Receivable, Net of Deferred Income, Total | 110,883 | 103,121 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
Individually evaluated for impairment | 6,144 | 4,123 |
Collectively evaluated for impairment | 304,078 | 305,301 |
Loans and Leases Receivable, Net of Deferred Income, Total | 310,222 | 309,424 |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 30,762 | 39,562 |
Loans and Leases Receivable, Net of Deferred Income, Total | 30,762 | 39,562 |
Residential Portfolio Segment [Member] | ||
Individually evaluated for impairment | 1,163 | 1,319 |
Collectively evaluated for impairment | 230,857 | 232,676 |
Loans and Leases Receivable, Net of Deferred Income, Total | 232,020 | 233,995 |
Commercial And Industrial [Member] | ||
Individually evaluated for impairment | 665 | 834 |
Collectively evaluated for impairment | 162,387 | 231,210 |
Loans and Leases Receivable, Net of Deferred Income, Total | 163,052 | 232,044 |
Home Equity Lines of Credit [Member] | ||
Individually evaluated for impairment | 252 | 246 |
Collectively evaluated for impairment | 105,198 | 112,297 |
Loans and Leases Receivable, Net of Deferred Income, Total | 105,450 | 112,543 |
Construction and Other [Member] | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 49,378 | 63,573 |
Loans and Leases Receivable, Net of Deferred Income, Total | 49,378 | 63,573 |
Consumer Portfolio Segment [Member] | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 8,515 | 9,823 |
Loans and Leases Receivable, Net of Deferred Income, Total | $ 8,515 | $ 9,823 |
Note 8 - Loans and Related Al_5
Note 8 - Loans and Related Allowance for Loan and Lease 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 | Dec. 31, 2020 | |
Individually evaluated for impairment | $ 959 | $ 959 | $ 490 | ||
Collectively evaluated for impairment | 13,275 | 13,275 | 12,969 | ||
Less: allowance for loan and lease losses | 14,234 | $ 11,359 | 14,234 | $ 11,359 | 13,459 |
Beginning balance | 14,200 | 10,210 | 13,459 | 6,768 | |
Charge-offs | (50) | (3,043) | (442) | (3,758) | |
Recoveries | 84 | 192 | 317 | 609 | |
Provision | 0 | 4,000 | 900 | 7,740 | |
Ending balance | 14,234 | 11,359 | 14,234 | 11,359 | |
Non-owner occupied Loan [Member] | |||||
Provision | 1,300 | ||||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | |||||
Individually evaluated for impairment | 5 | 5 | 10 | ||
Collectively evaluated for impairment | 1,547 | 1,547 | 1,332 | ||
Less: allowance for loan and lease losses | 1,552 | 1,103 | 1,552 | 1,103 | 1,342 |
Beginning balance | 1,525 | 1,038 | 1,342 | 801 | |
Charge-offs | 0 | 0 | 0 | (50) | |
Recoveries | 1 | 1 | 44 | 15 | |
Provision | 26 | 64 | 166 | 337 | |
Ending balance | 1,552 | 1,103 | 1,552 | 1,103 | |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | |||||
Individually evaluated for impairment | 739 | 739 | 371 | ||
Collectively evaluated for impairment | 6,961 | 6,961 | 6,446 | ||
Less: allowance for loan and lease losses | 7,700 | 5,405 | 7,700 | 5,405 | 6,817 |
Beginning balance | 7,624 | 5,159 | 6,817 | 3,382 | |
Charge-offs | (50) | (3,021) | (313) | (3,022) | |
Recoveries | 0 | 0 | 0 | 73 | |
Provision | 126 | 3,267 | 1,196 | 4,972 | |
Ending balance | 7,700 | 5,405 | 7,700 | 5,405 | |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 398 | 398 | 461 | ||
Less: allowance for loan and lease losses | 398 | 346 | 398 | 346 | 461 |
Beginning balance | 449 | 291 | 461 | 340 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Provision | (51) | 55 | (63) | 6 | |
Ending balance | 398 | 346 | 398 | 346 | |
Residential Portfolio Segment [Member] | |||||
Individually evaluated for impairment | 17 | 17 | 20 | ||
Collectively evaluated for impairment | 1,658 | 1,658 | 1,663 | ||
Less: allowance for loan and lease losses | 1,675 | 1,371 | 1,675 | 1,371 | 1,683 |
Beginning balance | 1,792 | 1,167 | 1,683 | 726 | |
Charge-offs | 0 | 0 | (27) | (51) | |
Recoveries | 1 | 0 | 4 | 30 | |
Provision | (118) | 204 | 15 | 666 | |
Ending balance | 1,675 | 1,371 | 1,675 | 1,371 | |
Commercial And Industrial [Member] | |||||
Individually evaluated for impairment | 102 | 102 | 48 | ||
Collectively evaluated for impairment | 1,057 | 1,057 | 1,305 | ||
Less: allowance for loan and lease losses | 1,159 | 1,503 | 1,159 | 1,503 | 1,353 |
Beginning balance | 1,123 | 1,105 | 1,353 | 456 | |
Charge-offs | 0 | (16) | 0 | (185) | |
Recoveries | 19 | 29 | 70 | 268 | |
Provision | 17 | 385 | (264) | 964 | |
Ending balance | 1,159 | 1,503 | 1,159 | 1,503 | |
Home Equity Lines of Credit [Member] | |||||
Individually evaluated for impairment | 96 | 96 | 41 | ||
Collectively evaluated for impairment | 1,232 | 1,232 | 1,364 | ||
Less: allowance for loan and lease losses | 1,328 | 1,326 | 1,328 | 1,326 | 1,405 |
Beginning balance | 1,261 | 1,203 | 1,405 | 932 | |
Charge-offs | 0 | 0 | 0 | (54) | |
Recoveries | 3 | 49 | 55 | 65 | |
Provision | 64 | 74 | (132) | 383 | |
Ending balance | 1,328 | 1,326 | 1,328 | 1,326 | |
Construction and Other [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 391 | 391 | 378 | ||
Less: allowance for loan and lease losses | 391 | 293 | 391 | 293 | 378 |
Beginning balance | 408 | 236 | 378 | 103 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 18 | 111 | 46 | 146 | |
Provision | (35) | (54) | (33) | 44 | |
Ending balance | 391 | 293 | 391 | 293 | |
Consumer Portfolio Segment [Member] | |||||
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 31 | 31 | 20 | ||
Less: allowance for loan and lease losses | 31 | 12 | 31 | 12 | $ 20 |
Beginning balance | 18 | 11 | 20 | 28 | |
Charge-offs | 0 | (6) | (102) | (396) | |
Recoveries | 42 | 2 | 98 | 12 | |
Provision | (29) | 5 | 15 | 368 | |
Ending balance | $ 31 | $ 12 | $ 31 | $ 12 |
Note 8 - Loans and Related Al_6
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Impaired Loans by Class (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Recorded investment, with no related allowance | $ 3,602 | $ 3,501 |
Unpaid principal balance, with no related allowance | 4,216 | 4,104 |
Recorded investment, with related allowance | 6,018 | 4,586 |
Unpaid principal balance, with related allowance | 6,796 | 4,863 |
Related allowance | 959 | 490 |
Recorded investment | 9,620 | 8,087 |
Unpaid principal balance | 11,012 | 8,967 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||
Recorded investment, with no related allowance | 981 | 1,118 |
Unpaid principal balance, with no related allowance | 1,027 | 1,142 |
Recorded investment, with related allowance | 415 | 447 |
Unpaid principal balance, with related allowance | 415 | 447 |
Related allowance | 5 | 10 |
Recorded investment | 1,396 | 1,565 |
Unpaid principal balance | 1,442 | 1,589 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
Recorded investment, with no related allowance | 1,624 | 801 |
Unpaid principal balance, with no related allowance | 1,754 | 801 |
Recorded investment, with related allowance | 4,520 | 3,322 |
Unpaid principal balance, with related allowance | 5,194 | 3,596 |
Related allowance | 739 | 371 |
Recorded investment | 6,144 | 4,123 |
Unpaid principal balance | 6,948 | 4,397 |
Residential Portfolio Segment [Member] | ||
Recorded investment, with no related allowance | 870 | 941 |
Unpaid principal balance, with no related allowance | 877 | 1,013 |
Recorded investment, with related allowance | 293 | 378 |
Unpaid principal balance, with related allowance | 293 | 378 |
Related allowance | 17 | 20 |
Recorded investment | 1,163 | 1,319 |
Unpaid principal balance | 1,170 | 1,391 |
Commercial And Industrial [Member] | ||
Recorded investment, with no related allowance | 119 | 561 |
Unpaid principal balance, with no related allowance | 550 | 1,056 |
Recorded investment, with related allowance | 546 | 273 |
Unpaid principal balance, with related allowance | 650 | 276 |
Related allowance | 102 | 48 |
Recorded investment | 665 | 834 |
Unpaid principal balance | 1,200 | 1,332 |
Home Equity Lines of Credit [Member] | ||
Recorded investment, with no related allowance | 8 | 80 |
Unpaid principal balance, with no related allowance | 8 | 92 |
Recorded investment, with related allowance | 244 | 166 |
Unpaid principal balance, with related allowance | 244 | 166 |
Related allowance | 96 | 41 |
Recorded investment | 252 | 246 |
Unpaid principal balance | $ 252 | $ 258 |
Note 8 - Loans and Related Al_7
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Additional Information on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Average recorded investment | $ 8,976 | $ 18,721 | $ 8,725 | $ 15,850 |
Interest income recognized | 81 | 172 | 219 | 535 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||||
Average recorded investment | 1,428 | 2,893 | 1,485 | 3,173 |
Interest income recognized | 14 | 0 | 45 | 55 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||||
Average recorded investment | 5,419 | 12,912 | 4,955 | 9,988 |
Interest income recognized | 34 | 129 | 101 | 387 |
Residential Portfolio Segment [Member] | ||||
Average recorded investment | 1,190 | 1,242 | 1,234 | 1,229 |
Interest income recognized | 18 | 14 | 42 | 39 |
Commercial And Industrial [Member] | ||||
Average recorded investment | 694 | 1,376 | 807 | 1,136 |
Interest income recognized | 9 | 28 | 22 | 49 |
Home Equity Lines of Credit [Member] | ||||
Average recorded investment | 245 | 298 | 244 | 323 |
Interest income recognized | $ 6 | 1 | $ 9 | 5 |
Consumer Portfolio Segment [Member] | ||||
Average recorded investment | 0 | 1 | ||
Interest income recognized | $ 0 | $ 0 |
Note 8 - Loans and Related Al_8
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Classes of the Loan Portfolio Summarized by Credit Quality (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Loans | $ 1,010,282 | $ 1,104,085 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||
Loans | 110,883 | 103,121 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
Loans | 310,222 | 309,424 |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||
Loans | 30,762 | 39,562 |
Residential Portfolio Segment [Member] | ||
Loans | 232,020 | 233,995 |
Commercial And Industrial [Member] | ||
Loans | 163,052 | 232,044 |
Home Equity Lines of Credit [Member] | ||
Loans | 105,450 | 112,543 |
Construction and Other [Member] | ||
Loans | 49,378 | 63,573 |
Consumer Portfolio Segment [Member] | ||
Loans | 8,515 | 9,823 |
Pass [Member] | ||
Loans | 934,615 | 1,030,290 |
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||
Loans | 104,318 | 93,939 |
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
Loans | 248,468 | 258,974 |
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||
Loans | 30,762 | 39,562 |
Pass [Member] | Residential Portfolio Segment [Member] | ||
Loans | 228,867 | 230,944 |
Pass [Member] | Commercial And Industrial [Member] | ||
Loans | 160,275 | 227,765 |
Pass [Member] | Home Equity Lines of Credit [Member] | ||
Loans | 104,376 | 111,208 |
Pass [Member] | Construction and Other [Member] | ||
Loans | 49,034 | 58,082 |
Pass [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 8,515 | 9,816 |
Special Mention [Member] | ||
Loans | 11,876 | 10,132 |
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||
Loans | 1,577 | 7,084 |
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
Loans | 9,021 | 983 |
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||
Loans | 0 | 0 |
Special Mention [Member] | Residential Portfolio Segment [Member] | ||
Loans | 156 | 265 |
Special Mention [Member] | Commercial And Industrial [Member] | ||
Loans | 778 | 1,800 |
Special Mention [Member] | Home Equity Lines of Credit [Member] | ||
Loans | 0 | 0 |
Special Mention [Member] | Construction and Other [Member] | ||
Loans | 344 | 0 |
Special Mention [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 0 | 0 |
Substandard [Member] | ||
Loans | 63,791 | 63,663 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||
Loans | 4,988 | 2,098 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
Loans | 52,733 | 49,467 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||
Loans | 0 | 0 |
Substandard [Member] | Residential Portfolio Segment [Member] | ||
Loans | 2,997 | 2,786 |
Substandard [Member] | Commercial And Industrial [Member] | ||
Loans | 1,999 | 2,479 |
Substandard [Member] | Home Equity Lines of Credit [Member] | ||
Loans | 1,074 | 1,335 |
Substandard [Member] | Construction and Other [Member] | ||
Loans | 0 | 5,491 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 0 | 7 |
Doubtful [Member] | ||
Loans | 0 | 0 |
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||
Loans | 0 | 0 |
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
Loans | 0 | 0 |
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||
Loans | 0 | 0 |
Doubtful [Member] | Residential Portfolio Segment [Member] | ||
Loans | 0 | 0 |
Doubtful [Member] | Commercial And Industrial [Member] | ||
Loans | 0 | 0 |
Doubtful [Member] | Home Equity Lines of Credit [Member] | ||
Loans | 0 | 0 |
Doubtful [Member] | Construction and Other [Member] | ||
Loans | 0 | 0 |
Doubtful [Member] | Consumer Portfolio Segment [Member] | ||
Loans | $ 0 | $ 0 |
Note 8 - Loans and Related Al_9
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Past Due Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Loans and Leases Receivable, Net of Deferred Income, Total | $ 1,010,282 | $ 1,104,085 |
Financial Asset, Not Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 1,006,523 | 1,095,570 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 1,709 | 5,121 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 925 | 1,795 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 1,125 | 1,599 |
Financial Asset, Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 3,759 | 8,515 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 110,883 | 103,121 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 110,883 | 102,587 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 418 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 116 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset, Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 534 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 310,222 | 309,424 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 309,849 | 305,613 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 1,844 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 1,373 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 373 | 594 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset, Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 373 | 3,811 |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 30,762 | 39,562 |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset, Not Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 30,762 | 39,562 |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset, Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 0 |
Residential Portfolio Segment [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 232,020 | 233,995 |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 230,028 | 230,996 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 1,233 | 2,364 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 283 | 95 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 476 | 540 |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 1,992 | 2,999 |
Commercial And Industrial [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 163,052 | 232,044 |
Commercial And Industrial [Member] | Financial Asset, Not Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 162,569 | 231,534 |
Commercial And Industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 299 | 260 |
Commercial And Industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 184 | 219 |
Commercial And Industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 31 |
Commercial And Industrial [Member] | Financial Asset, Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 483 | 510 |
Home Equity Lines of Credit [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 105,450 | 112,543 |
Home Equity Lines of Credit [Member] | Financial Asset, Not Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 104,742 | 112,325 |
Home Equity Lines of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 175 | 120 |
Home Equity Lines of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 458 | 0 |
Home Equity Lines of Credit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 75 | 98 |
Home Equity Lines of Credit [Member] | Financial Asset, Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 708 | 218 |
Construction and Other [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 49,378 | 63,573 |
Construction and Other [Member] | Financial Asset, Not Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 49,378 | 63,529 |
Construction and Other [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 44 |
Construction and Other [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 0 |
Construction and Other [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 0 |
Construction and Other [Member] | Financial Asset, Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 44 |
Consumer Portfolio Segment [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 8,515 | 9,823 |
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 8,312 | 9,424 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 2 | 71 |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 0 | 108 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | 201 | 220 |
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income, Total | $ 203 | $ 399 |
Note 8 - Loans and Related A_10
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Loans, current balance | $ 6,806 | $ 7,858 |
Loans, past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||
Loans, current balance | 367 | 458 |
Loans, past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
Loans, current balance | 3,258 | 3,758 |
Loans, past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||
Loans, current balance | 0 | |
Loans, past due | 0 | |
Residential Portfolio Segment [Member] | ||
Loans, current balance | 2,464 | 2,487 |
Loans, past due | 0 | 0 |
Commercial And Industrial [Member] | ||
Loans, current balance | 295 | 509 |
Loans, past due | 0 | 0 |
Home Equity Lines of Credit [Member] | ||
Loans, current balance | 221 | 422 |
Loans, past due | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans, current balance | 201 | 224 |
Loans, past due | 0 | $ 0 |
Construction and Other [Member] | ||
Loans, current balance | 0 | |
Loans, past due | $ 0 |
Note 8 - Loans and Related A_11
Note 8 - Loans and Related Allowance for Loan and Lease Losses - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020USD ($) | Sep. 30, 2021 | Sep. 30, 2020USD ($) | |
Number of contracts | 0 | 0 | ||
Residential Portfolio Segment [Member] | ||||
Number of contracts | 1 | 3 | ||
Pre-modification outstanding recorded investment | $ 115 | $ 156 | ||
Post-modification outstanding recorded investment | $ 115 | $ 156 | ||
Commercial And Industrial [Member] | ||||
Number of contracts | 1 | 3 | ||
Pre-modification outstanding recorded investment | $ 2 | $ 120 | ||
Post-modification outstanding recorded investment | $ 2 | $ 119 | ||
Extended Maturity [Member] | Residential Portfolio Segment [Member] | ||||
Number of contracts | 1 | 3 | ||
Extended Maturity [Member] | Commercial And Industrial [Member] | ||||
Number of contracts | 1 | 3 | ||
Other Restructurings [Member] | Residential Portfolio Segment [Member] | ||||
Number of contracts | 0 | 0 | ||
Other Restructurings [Member] | Commercial And Industrial [Member] | ||||
Number of contracts | 0 | 0 |
Note 9 - Risks and Uncertaint_2
Note 9 - Risks and Uncertainties (Details Textual) $ in Thousands | 9 Months Ended | |
Sep. 30, 2021USD ($) | Dec. 31, 2020USD ($) | |
Payment Protection Plan, Loan Forgiveness | $ 129,800 | |
Loans and Leases Receivable, Net of Deferred Income, Total | $ 1,010,282 | $ 1,104,085 |
Payroll Protection Plan, Number of Loan Applications Approved | 683 | |
Payment Protection Plan, Amount to be Funded | $ 67,600 | |
Paycheck Protection Program, Deferred Fees Received | $ 3,000 | |
Financing Receivable, Number of Principal and Interest Payments and Extension of Maturity Date Payment Deferrals | 3 | 11 |
Financing Receivable, Principal and Interest Payments and Extension of Maturity Date Payment Deferrals | $ 9,700 | $ 24,500 |
Small Business Administration (SBA), CARES Act, Paycheck Protection Program [Member] | ||
Proceeds from Sale of Debt Securities, Available-for-sale | 67,600 | |
Loans and Leases Receivable, Net of Deferred Income, Total | $ 54,200 |
Note 10 - Commitments and Con_2
Note 10 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Deposits, Total | $ 1,200,557 | $ 1,225,200 |
Cannabis Customers [Member] | ||
Deposits, Total | $ 16,400 | $ 11,800 |
Deposits, Percent of Total | 1.40% | 1.00% |