Annual report pursuant to Section 13 and 15(d)

Note 1 - Summary of Significant Accounting Policies (Tables)

v3.24.1
Note 1 - Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Accounting Standards Update and Change in Accounting Principle [Table Text Block]
                   

As Reported Under

 

(Dollars in thousands)

 

Pre-ASC 326 Adoption

   

Impact of ASC 326

   

ASC 326

 

Allowance for credit losses

 

December 31, 2022

   

Adoption

   

January 1, 2023

 

Residential real estate

  $ 3,021     $ 2,223     $ 5,244  

Home equity

    410       128       538  

Commercial real estate

    5,784       1,446       7,230  

Construction and land development

    1,253       1,735       2,988  

Multifamily

    1,007       141       1,148  

Farmland

    -       -       -  

Commercial business

    1,365       325       1,690  

Consumer

    57       22       79  

Manufactured homes

    -       112       112  

Government

    -       55       55  

Total allowance for credit losses on loans

  $ 12,897     $ 6,187     $ 19,084  

Accrued expenses and other liabilities

    -       3,108       3,108  

Total allowance for credit losses

  $ 12,897     $ 9,295     $ 22,192