Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4: A summary of the major categories of loans outstanding is shown in the following tables at the dates indicated. At September 30, At December 31, 2022 2021 (In thousands) Commercial: Paycheck Protection Program ("PPP") loans $ 6,095 $ 45,888 Other 174,321 187,202 Total Commercial 180,416 233,090 Commercial Real Estate 492,749 535,261 Construction 2,635 48 Residential Real Estate 14,719 18,133 Consumer Installment & Other 288,514 281,594 Total $ 979,033 $ 1,068,126 PPP loans are guaranteed by the Small Business Administration (“SBA”). PPP loan proceeds used for eligible payroll and certain other operating costs are eligible for forgiveness, with repayment of loan principal and accrued interest made by the SBA. Management does not no Allowance for Credit Losses For the Three Months Ended September 30, 2022 Consumer Commercial Residential Installment Commercial Real Estate Construction Real Estate and Other Total (In thousands) Allowance for credit losses: Balance at beginning of period $ 6,536 $ 5,916 $ 96 $ 35 $ 9,730 $ 22,313 (Reversal) provision (164 ) 14 32 - 118 - Chargeoffs - - - - (1,917 ) (1,917 ) Recoveries 72 14 - - 736 822 Total allowance for credit losses $ 6,444 $ 5,944 $ 128 $ 35 $ 8,667 $ 21,218 Allowance for Credit Losses For the Nine Months Ended September 30, 2022 Consumer Commercial Residential Installment Commercial Real Estate Construction Real Estate and Other Total (In thousands) Allowance for credit losses: Balance at beginning of period $ 6,966 $ 6,529 $ 2 $ 45 $ 9,972 $ 23,514 (Reversal) provision (837 ) (631 ) 126 (10 ) 1,352 - Chargeoffs (20 ) - - - (4,522 ) (4,542 ) Recoveries 335 46 - - 1,865 2,246 Total allowance for credit losses $ 6,444 $ 5,944 $ 128 $ 35 $ 8,667 $ 21,218 Allowance for Credit Losses For the Three Months Ended September 30, 2021 Consumer Commercial Residential Installment Commercial Real Estate Construction Real Estate and Other Total (In thousands) Allowance for credit losses: Balance at beginning of period $ 6,858 $ 6,752 $ 5 $ 57 $ 10,065 $ 23,737 Provision (reversal) 10 (754 ) (3 ) (7 ) 756 2 Chargeoffs (56 ) - - - (916 ) (972 ) Recoveries 80 705 - - 330 1,115 Total allowance for credit losses $ 6,892 $ 6,703 $ 2 $ 50 $ 10,235 $ 23,882 Allowance for Credit Losses For the Nine Months Ended September 30, 2021 Consumer Commercial Residential Installment Commercial Real Estate Construction Real Estate and Other Total (In thousands) Allowance for credit losses: Balance at beginning of period $ 9,205 $ 5,660 $ 6 $ 47 $ 8,936 $ 23,854 (Reversal) provision (2,425 ) 314 (4 ) 3 2,114 2 Chargeoffs (56 ) - - - (2,176 ) (2,232 ) Recoveries 168 729 - - 1,361 2,258 Total allowance for credit losses $ 6,892 $ 6,703 $ 2 $ 50 $ 10,235 $ 23,882 The Company’s customers are primarily small businesses, professionals and consumers. Given the scale of these borrowers, corporate credit rating agencies do not The following summarizes the credit risk profile by internally assigned grade: Credit Risk Profile by Internally Assigned Grade At September 30, 2022 Commercial Commercial Construction Residential Consumer Total (In thousands) Grade: Pass $ 179,923 $ 480,476 $ 2,635 $ 13,669 $ 286,386 $ 963,089 Substandard 493 12,273 - 1,050 419 14,235 Doubtful - - - - 739 739 Loss - - - - 970 970 Total $ 180,416 $ 492,749 $ 2,635 $ 14,719 $ 288,514 $ 979,033 Credit Risk Profile by Internally Assigned Grade At December 31, 2021 Commercial Commercial Construction Residential Consumer Total (In thousands) Grade: Pass $ 232,710 $ 521,300 $ 48 $ 16,874 $ 278,922 $ 1,049,854 Substandard 380 13,961 - 1,259 1,207 16,807 Doubtful - - - - 931 931 Loss - - - - 534 534 Total $ 233,090 $ 535,261 $ 48 $ 18,133 $ 281,594 $ 1,068,126 The following tables summarize loans by delinquency and nonaccrual status: Summary of Loans by Delinquency and Nonaccrual Status At September 30, 2022 Current and 30-59 Days 60-89 Days Past Due 90 Nonaccrual Total Loans (In thousands) Commercial $ 179,272 $ 1,041 $ 53 $ - $ 50 $ 180,416 Commercial real estate 491,955 367 371 - 56 492,749 Construction 2,635 - - - - 2,635 Residential real estate 14,425 265 - - 29 14,719 Consumer installment and other 282,954 3,739 990 769 62 288,514 Total $ 971,241 $ 5,412 $ 1,414 $ 769 $ 197 $ 979,033 Summary of Loans by Delinquency and Nonaccrual Status At December 31, 2021 Current and 30-59 Days 60-89 Days Past Due 90 Nonaccrual Total Loans (In thousands) Commercial $ 232,444 $ 383 $ 263 $ - $ - $ 233,090 Commercial real estate 534,748 223 - - 290 535,261 Construction 48 - - - - 48 Residential real estate 17,855 141 - - 137 18,133 Consumer installment and other 276,793 3,184 1,013 339 265 281,594 Total $ 1,061,888 $ 3,931 $ 1,276 $ 339 $ 692 $ 1,068,126 There was no allowance for credit losses allocated to loans on nonaccrual status as of September 30, 2022 December 31, 2021. September 30, 2022 December 31, 2021. The following tables provide information on troubled debt restructurings (TDRs): Troubled Debt Restructurings At September 30, 2022 Period-End Individual Number of Pre-Modification Period-End Credit Loss Contracts Carrying Value Carrying Value Allowance ($ in thousands) Commercial real estate 2 $ 2,785 $ 1,760 $ - Total 2 $ 2,785 $ 1,760 $ - Troubled Debt Restructurings At December 31, 2021 Period-End Individual Number of Pre-Modification Period-End Credit Loss Contracts Carrying Value Carrying Value Allowance ($ in thousands) Commercial real estate 2 $ 2,785 $ 1,793 $ - Residential real estate 1 241 172 - Total 3 $ 3,026 $ 1,965 $ - During the three nine September 30, 2022, not three nine September 30, 2021, not 4013 19 January 1, 2022. three nine September 30, 2021, 4013 90 September 30, 2021, not no three nine September 30, 2022 September 30, 2021. three nine September 30, 2022 September 30, 2021, 12 90 No loans on nonaccrual status were included in TDRs of $1,760 thousand at September 30, 2022 December 31, 2021. A loan is considered collateral dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. Loans that were considered collateral dependent at September 30, 2022 no September 30, 2022. December 31, 2021 one no December 31, 2021. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows: At September 30, 2022 Line of Credit Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2018 2019 2020 2021 2022 Term Loans Cost Basis Total (In thousands) Commercial loans by grade Pass $ 33,823 $ 7,392 $ 13,442 $ 18,059 $ 62,055 $ 16,533 $ 151,304 $ 28,619 $ 179,923 Substandard 24 15 - - - 204 243 250 493 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 33,847 $ 7,407 $ 13,442 $ 18,059 $ 62,055 $ 16,737 $ 151,547 $ 28,869 $ 180,416 At December 31, 2021 Line of Credit Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2017 2018 2019 2020 2021 Term Loans Cost Basis Total (In thousands) Commercial loans by grade Pass $ 34,784 $ 3,999 $ 8,690 $ 16,919 $ 30,694 $ 98,799 $ 193,885 $ 38,825 $ 232,710 Substandard 32 - - - - 57 89 291 380 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 34,816 $ 3,999 $ 8,690 $ 16,919 $ 30,694 $ 98,856 $ 193,974 $ 39,116 $ 233,090 At September 30, 2022 Line of Credit Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2018 2019 2020 2021 2022 Term Loans Cost Basis Total (In thousands) Commercial real estate loans by grade Pass $ 155,099 $ 59,294 $ 74,660 $ 74,703 $ 73,851 $ 42,869 $ 480,476 $ - $ 480,476 Substandard 8,354 - 832 810 - 2,277 12,273 - 12,273 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 163,453 $ 59,294 $ 75,492 $ 75,513 $ 73,851 $ 45,146 $ 492,749 $ - $ 492,749 [The remainder of this page intentionally left blank] At December 31, 2021 Line of Credit Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2017 2018 2019 2020 2021 Term Loans Cost Basis Total (In thousands) Commercial real estate loans by grade Pass $ 116,181 $ 87,921 $ 78,200 $ 78,647 $ 83,642 $ 76,709 $ 521,300 $ - $ 521,300 Substandard 10,993 - - 2,016 823 129 13,961 - 13,961 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 127,174 $ 87,921 $ 78,200 $ 80,663 $ 84,465 $ 76,838 $ 535,261 $ - $ 535,261 At September 30, 2022 Line of Credit Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2018 2019 2020 2021 2022 Term Loans Cost Basis Total (In thousands) Residential real estate loans by grade Pass $ 13,669 $ - $ - $ - $ - $ - $ 13,669 $ - $ 13,669 Substandard 1,050 - - - - - 1,050 - 1,050 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 14,719 $ - $ - $ - $ - $ - $ 14,719 $ - $ 14,719 At December 31, 2021 Line of Credit Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2017 2018 2019 2020 2021 Term Loans Cost Basis Total (In thousands) Residential Real Estate loans by grade Pass $ 16,874 $ - $ - $ - $ - $ - $ 16,874 $ - $ 16,874 Substandard 1,259 - - - - - 1,259 - 1,259 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 18,133 $ - $ - $ - $ - $ - $ 18,133 $ - $ 18,133 At September 30, 2022 Line of Credit Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2018 2019 2020 2021 2022 Term Loans Cost Basis Total (In thousands) Construction loans by grade Pass $ - $ - $ - $ - $ - $ - $ - $ 2,635 $ 2,635 Substandard - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ - $ - $ - $ - $ - $ - $ - $ 2,635 $ 2,635 At December 31, 2021 Line of Credit Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2017 2018 2019 2020 2021 Term Loans Cost Basis Total (In thousands) Construction loans by grade Pass $ - $ - $ - $ - $ - $ - $ - $ 48 $ 48 Substandard - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ - $ - $ - $ - $ - $ - $ - $ 48 $ 48 The Company considers the delinquency and nonaccrual status of the consumer loan portfolio and its impact on the allowance for credit losses. The following table presents the amortized cost in consumer installment and other loans based on delinquency and nonaccrual status: At September 30, 2022 Line of Credit Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2018 2019 2020 2021 2022 Term Loans Cost Basis Total (In thousands) Consumer installment and other loans by delinquency and nonaccrual status Current $ 8,034 $ 15,870 $ 25,405 $ 40,262 $ 84,632 $ 88,962 $ 263,165 $ 19,789 $ 282,954 30-59 days past due 131 368 446 700 1,386 685 3,716 23 3,739 60-89 days past due 15 41 67 317 331 219 990 - 990 Past due 90 days or more 31 63 134 99 174 253 754 15 769 Nonaccrual - - - - - - - 62 62 Total $ 8,211 $ 16,342 $ 26,052 $ 41,378 $ 86,523 $ 90,119 $ 268,625 $ 19,889 $ 288,514 At December 31, 2021 Line of Credit Term Loans Amortized Cost Basis by Origination Year Total Amortized Prior 2017 2018 2019 2020 2021 Term Loans Cost Basis Total (In thousands) Consumer installment and other loans by delinquency and nonaccrual status Current $ 7,884 $ 10,162 $ 25,932 $ 37,999 $ 58,178 $ 113,899 $ 254,054 $ 22,739 $ 276,793 30-59 days past due 197 139 634 504 662 1,034 3,170 14 3,184 60-89 days past due 5 20 156 150 186 408 925 88 1,013 Past due 90 days or more 1 17 81 62 109 40 310 29 339 Nonaccrual - - - - - - - 265 265 Total $ 8,087 $ 10,338 $ 26,803 $ 38,715 $ 59,135 $ 115,381 $ 258,459 $ 23,135 $ 281,594 There were no loans held for sale at September 30, 2022 December 31, 2021. The Company held no other real estate owned (OREO) at September 30, 2022 December 31, 2021. September 30, 2022 December 31, 2021. |