Consolidated Balance Sheet - USD ($) |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||
|---|---|---|---|---|---|---|
| Assets [Abstract] | ||||||
| Cash and due from banks | $ 46,037,000 | $ 56,397,000 | ||||
| Federal funds sold | 9,755,000 | 4,439,000 | ||||
| Cash and cash equivalents | 55,792,000 | 60,836,000 | ||||
| Investment securities available for sale, at fair value | 165,802,000 | 170,779,000 | ||||
| Other investments | 855,000 | 955,000 | ||||
| Loans: | ||||||
| Loans | [1],[2] | 1,519,614,000 | 1,478,130,000 | |||
| Less: allowance for credit losses | [1],[2] | 22,447,000 | 21,693,000 | |||
| Net loans | [1],[2] | 1,497,167,000 | 1,456,437,000 | |||
| Premises and equipment, net | 20,565,000 | 21,339,000 | ||||
| Goodwill | 36,356,000 | 36,356,000 | ||||
| Core deposit intangibles | 5,611,000 | 6,642,000 | ||||
| Bank-owned life insurance | 35,259,000 | 34,349,000 | ||||
| Interest Receivable and Other Assets | 35,952,000 | 35,190,000 | ||||
| TOTAL ASSETS | 1,853,359,000 | 1,822,883,000 | ||||
| Liabilities [Abstract] | ||||||
| Noninterest-bearing demand | 377,875,000 | 401,384,000 | ||||
| Interest-bearing demand | 208,291,000 | 205,582,000 | ||||
| Money market | 414,074,000 | 274,682,000 | ||||
| Savings | 197,749,000 | 210,639,000 | ||||
| Time | 247,704,000 | 334,315,000 | ||||
| Total deposits | 1,445,693,000 | 1,426,602,000 | ||||
| Federal Home Loan Bank advances | 172,400,000 | 163,000,000 | ||||
| Other Borrowings | 11,660,000 | 11,862,000 | ||||
| Accrued Liabilities and Other Liabilities | 13,044,000 | 15,738,000 | ||||
| TOTAL LIABILITIES | 1,642,797,000 | 1,617,202,000 | ||||
| STOCKHOLDERS' EQUITY | ||||||
| Common stock, no par value; 25,000,000 shares authorized, 9,953,018 and 9,930,704 shares issued; 8,073,708 and 8,095,252 shares outstanding | 161,999,000 | 161,388,000 | ||||
| Additional paid-in capital | 246,000 | 0 | ||||
| Retained earnings | 109,299,000 | 100,237,000 | ||||
| Accumulated other comprehensive loss | (20,073,000) | (16,090,000) | ||||
| Treasury stock, at cost; 1,879,310 and 1,835,452 shares | (40,909,000) | (39,854,000) | ||||
| TOTAL STOCKHOLDERS' EQUITY | 210,562,000 | 205,681,000 | ||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,853,359,000 | 1,822,883,000 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||||||
| Loans: | ||||||
| Loans | [1],[2] | 181,447,000 | 183,545,000 | |||
| Less: allowance for credit losses | 2,100,000 | 2,668,000 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||||||
| Loans: | ||||||
| Loans | [1],[2] | 412,291,000 | 401,580,000 | |||
| Less: allowance for credit losses | 8,364,000 | 4,480,000 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||||||
| Loans: | ||||||
| Loans | [1],[2] | 89,849,000 | 82,506,000 | |||
| Less: allowance for credit losses | 1,310,000 | 1,796,000 | ||||
| Residential Portfolio Segment [Member] | ||||||
| Loans: | ||||||
| Loans | [1],[2] | 353,442,000 | 328,854,000 | |||
| Less: allowance for credit losses | 5,236,000 | 5,450,000 | ||||
| Commercial And Industrial [Member] | ||||||
| Loans: | ||||||
| Loans | [1],[2] | 229,034,000 | 221,508,000 | |||
| Less: allowance for credit losses | 2,427,000 | 4,377,000 | ||||
| Home Equity Lines of Credit [Member] | ||||||
| Loans: | ||||||
| Loans | [1],[2] | 143,379,000 | 127,818,000 | |||
| Less: allowance for credit losses | 897,000 | 750,000 | ||||
| Construction and Other [Member] | ||||||
| Loans: | ||||||
| Loans | [1],[2] | 103,608,000 | 125,105,000 | |||
| Less: allowance for credit losses | 2,052,000 | 1,990,000 | ||||
| Consumer Portfolio Segment [Member] | ||||||
| Loans: | ||||||
| Loans | [1],[2] | 6,564,000 | 7,214,000 | |||
| Less: allowance for credit losses | $ 61,000 | $ 182,000 | ||||
| ||||||
Consolidated Balance Sheet (Parentheticals) - $ / shares $ / shares in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Common stock, par value (in dollars per share) | $ 0 | $ 0 |
| Common stock, shares authorized (in shares) | 25,000,000 | 25,000,000 |
| Common stock, shares issued (in shares) | 9,953,018 | 9,930,704 |
| Common stock, shares outstanding (in shares) | 8,073,708 | 8,095,252 |
| Treasury Stock (in shares) | 1,879,310 | 1,835,452 |
Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Net income | $ 15,519 | $ 17,368 |
| Other comprehensive income (loss): | ||
| Unrealized holding gain (loss) on securities available for sale | (5,042) | 7,664 |
| Tax effect | 1,059 | (1,610) |
| Total other comprehensive income (loss) | (3,983) | 6,054 |
| Comprehensive income | $ 11,536 | $ 23,422 |
Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands |
Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings [Member]
|
Cumulative Effect, Period of Adoption, Adjustment [Member] |
Common Stock [Member] |
Additional Paid-in Capital [Member] |
Retained Earnings [Member] |
AOCI Attributable to Parent [Member] |
Treasury Stock, Common [Member] |
Total |
|---|---|---|---|---|---|---|---|---|
| Balance (in shares) at Dec. 31, 2022 | 9,916,466 | |||||||
| Balance at Dec. 31, 2022 | $ (4,421) | $ (4,421) | $ 161,029 | $ 0 | $ 94,154 | $ (22,144) | $ (35,348) | $ 197,691 |
| Net income | 17,368 | 17,368 | ||||||
| Other comprehensive income (loss) | 6,054 | 6,054 | ||||||
| Authorization of additional common shares | $ (37) | (37) | ||||||
| Stock-based compensation, net (in shares) | 14,238 | |||||||
| Stock-based compensation, net | $ 396 | 396 | ||||||
| Common shares repurchased | (4,506) | (4,506) | ||||||
| Cash dividends | (6,864) | $ (6,864) | ||||||
| Balance (in shares) at Dec. 31, 2023 | 9,930,704 | 8,095,252 | ||||||
| Balance at Dec. 31, 2023 | $ 161,388 | 0 | 100,237 | (16,090) | (39,854) | $ 205,681 | ||
| Net income | 15,519 | 15,519 | ||||||
| Other comprehensive income (loss) | (3,983) | (3,983) | ||||||
| Stock-based compensation, net (in shares) | 22,314 | |||||||
| Stock-based compensation, net | $ 611 | 611 | ||||||
| Common shares repurchased | (1,055) | (1,055) | ||||||
| Cash dividends | (6,457) | (6,457) | ||||||
| Restricted stock grant | 246 | $ 246 | ||||||
| Balance (in shares) at Dec. 31, 2024 | 9,953,018 | 8,073,708 | ||||||
| Balance at Dec. 31, 2024 | $ 161,999 | $ 246 | $ 109,299 | $ (20,073) | $ (40,909) | $ 210,562 |
Consolidated Statement of Changes in Stockholders' Equity (Parentheticals) - $ / shares |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Treasury acquired, shares (in shares) | 43,858 | 164,221 |
| Cash dividends per share (in dollars per share) | $ 0.8 | $ 0.81 |
Consolidated Statement of Cash Flows - USD ($) |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| OPERATING ACTIVITIES | ||||
| Net income | $ 15,519,000 | $ 17,368,000 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Provision for credit losses | 2,008,000 | 3,002,000 | ||
| Loss on equity securities | [1] | 9,000 | 161,000 | |
| Software amortization expense | 200,000 | 95,000 | ||
| Amortization of premium and discount on investment securities, net | 746,000 | 593,000 | ||
| Amortization of core deposit intangibles | 1,031,000 | 1,059,000 | ||
| Depreciation, Amortization and Accretion, Net | (78,000) | (108,000) | ||
| Stock-based compensation, net | 374,000 | 260,000 | ||
| Origination of loans held for sale | (7,110,000) | (5,639,000) | ||
| Proceeds from sale of loans held for sale | 7,309,000 | 5,736,000 | ||
| Gain on sale of loans held for sale | (199,000) | (97,000) | ||
| Earnings on bank-owned life insurance | [1] | (930,000) | (823,000) | |
| Deferred | 198,000 | (705,000) | ||
| Losses on other real estate owned | 0 | 170,000 | ||
| Decrease (increase) in accrued interest receivable | 75,000 | (1,183,000) | ||
| Increase (decrease) in accrued interest payable | (1,060,000) | 2,348,000 | ||
| Other, net | (624,000) | 119,000 | ||
| Net cash provided by operating activities | 17,468,000 | 22,356,000 | ||
| INVESTING ACTIVITIES | ||||
| Proceeds from repayments and maturities | 2,127,000 | 3,259,000 | ||
| Purchases | (2,938,000) | (2,000,000) | ||
| Proceeds from sale | 96,000 | 0 | ||
| Purchases | (5,000) | (200,000) | ||
| Increase in loans, net | (41,292,000) | (129,220,000) | ||
| Proceeds from the sale of other real estate owned | 0 | 5,651,000 | ||
| Proceeds from bank-owned life insurance | 0 | 289,000 | ||
| Purchase of premises and equipment | (776,000) | (1,096,000) | ||
| Purchase of restricted stock | (4,790,000) | (7,462,000) | ||
| Redemption of restricted stock | 4,289,000 | 4,237,000 | ||
| Net cash used in investing activities | (43,289,000) | (126,542,000) | ||
| FINANCING ACTIVITIES | ||||
| Net increase in deposits | 19,091,000 | 24,780,000 | ||
| Net increase in Federal Home Loan Bank advances | 9,400,000 | 98,000,000 | ||
| Repayment of other borrowings | (202,000) | (197,000) | ||
| Repurchase of common shares | (1,055,000) | (4,506,000) | ||
| Cash dividends | (6,457,000) | (6,864,000) | ||
| Net cash provided by financing activities | 20,777,000 | 111,213,000 | ||
| (Decrease) increase in cash and cash equivalents | (5,044,000) | 7,027,000 | ||
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 60,836,000 | 53,809,000 | ||
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | 55,792,000 | 60,836,000 | ||
| SUPPLEMENTAL INFORMATION | ||||
| Interest on deposits and borrowings | 41,642,000 | 22,750,000 | ||
| Income taxes | 1,975,000 | 1,565,000 | ||
| Noncash investing transactions: | ||||
| Purchased loan fair value adjustment | $ 0 | $ 4,621,000 | ||
| ||||
Insider Trading Arrangements |
3 Months Ended | 12 Months Ended |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2024 |
|
| Trading Arrangements, by Individual [Table] | ||
| Material Terms of Trading Arrangement [Text Block] |
During the three months ended December 31, 2024, there were "Rule 10b5-1 trading plans" or "non-Rule 10b5-1 trading arrangements" adopted, modified or terminated by any director or officer of the Company (as such terms are defined in Item 408 of Regulation S-K of the Exchange Act). |
|
| Rule 10b5-1 Arrangement Terminated [Flag] | false | |
| Rule 10b5-1 Arrangement Adopted [Flag] | false | |
| Non-Rule 10b5-1 Arrangement Terminated [Flag] | false | |
| Non-Rule 10b5-1 Arrangement Adopted [Flag] | false |
Cybersecurity Risk Management and Strategy Disclosure |
12 Months Ended | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | |||||||||||||||||||
| Cybersecurity Risk Management, Strategy, and Governance [Line Items] | |||||||||||||||||||
| Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] |
Risk Management and Strategy We have developed a comprehensive Information Security Program (“ISP”) that was designed as the guiding policy to establish standards designed to protect the confidentiality of nonpublic, sensitive personal and business information, protect against potential threats to the security or integrity of such information, and protect against unauthorized access to or use of such information. The ISP applies to all Company employees, contractors, consultants, and third-party vendors as well as all technology owned and operated by the Bank. The scope of the ISP covers customer data as well as the Company’s strategic and proprietary information. The Board of Directors approves the ISP annually. Additionally, the Information Technology Steering Committee (“ITSC”) must approve significant modifications to the ISP prior to review and approval by the Board of Directors. The Chief Information Officer (“CIO”) is responsible for the implementation and maintenance of the ISP.
Key elements of our ISP include:
Our Information Security Governance Plan (“InfoSec”) is a component of the ISP and provides for strategic oversight of critical aspects of the Bank’s information security. The objective of InfoSec is to provide a framework for decision-making and accountability for information security issues to ensure that the ISP is actively monitored, and information security permeates through all areas and initiatives across the organization. InfoSec is actively managed by an InfoSec Governance Council ("ISGC") that consists of the Chief Risk Officer ("CRO"), virtual Chief Information Security Officer ("CISO"), Chief Strategy and Innovation Officer ("CSIO"), a cybersecurity focused systems engineer, and the CIO. The CRO, CISO, and CIO are part of the ITSC, along with other executives of the Bank.
Security assessments are an ongoing activity within the Bank, and the Security Assessment Policy identifies security assessment requirements and those individuals accountable for ensuring the assessments comply with the requirements. All assessment activities must be approved by the CRO. The coverage of assessments includes, but is not limited to, physical security assessment, information technology general controls audit, vulnerability assessment, penetration testing, and social engineering testing. Results are shared with the ITSC, executive management and the Board of Directors.
There is an established Incident Response Program (“IRP”) that provides a framework for us to respond quickly, decisively, and appropriately to limit the impact of an adverse event, such as a cybersecurity incident, on customers and information resources. Procedures have been developed that outline the necessary steps should an incident occur, such as incident identification, classification, and escalation. We use a Cybersecurity Assessment Tool to assess our cybersecurity preparedness on a periodic basis. A Cybersecurity Incident Response Team, which is part of our general Incident Response Team, will take the appropriate actions as outlined in the IRP in the event a cybersecurity situation occurs. We do not believe that risks from cybersecurity threats, including the previously disclosed cyber-attack that occurred in April 2023, have materially impacted or are reasonably likely to materially impact our overall business strategy, results of operations, or financial condition. We maintain cybersecurity insurance to cover the costs resulting from cyber-attacks; however, the policy may not cover all losses from cybersecurity incidents. Refer to the discussion on the April 2023 incident in Note 15 - Commitments and Contingent Liabilities of our Consolidated Financial Statements and the discussion of cybersecurity risk in Part I, Item 1A, “Risk Factors”. |
||||||||||||||||||
| Cybersecurity Risk Management Processes Integrated [Flag] | true | ||||||||||||||||||
| Cybersecurity Risk Management Processes Integrated [Text Block] | We have developed a comprehensive Information Security Program (“ISP”) that was designed as the guiding policy to establish standards designed to protect the confidentiality of nonpublic, sensitive personal and business information, protect against potential threats to the security or integrity of such information, and protect against unauthorized access to or use of such information. The ISP applies to all Company employees, contractors, consultants, and third-party vendors as well as all technology owned and operated by the Bank. The scope of the ISP covers customer data as well as the Company’s strategic and proprietary information. The Board of Directors approves the ISP annually. Additionally, the Information Technology Steering Committee (“ITSC”) must approve significant modifications to the ISP prior to review and approval by the Board of Directors. The Chief Information Officer (“CIO”) is responsible for the implementation and maintenance of the ISP. | ||||||||||||||||||
| Cybersecurity Risk Management Third Party Engaged [Flag] | true | ||||||||||||||||||
| Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] | true | ||||||||||||||||||
| Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] | false | ||||||||||||||||||
| Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block] | We do not believe that risks from cybersecurity threats, including the previously disclosed cyber-attack that occurred in April 2023, have materially impacted or are reasonably likely to materially impact our overall business strategy, results of operations, or financial condition. We maintain cybersecurity insurance to cover the costs resulting from cyber-attacks; however, the policy may not cover all losses from cybersecurity incidents. Refer to the discussion on the April 2023 incident in Note 15 - Commitments and Contingent Liabilities of our Consolidated Financial Statements and the discussion of cybersecurity risk in Part I, Item 1A, “Risk Factors”. | ||||||||||||||||||
| Cybersecurity Risk Board of Directors Oversight [Text Block] |
Governance
Board of Directors The Board of Directors, in coordination with the Audit Committee, oversees the Company’s management of cybersecurity risk. The Board receives monthly reports from the CIO, focusing on cybersecurity and information technology updates. The reports include key insights regarding our security risk score, areas of focus, and metrics from our third-party provider regarding security investigations and incidents as well as the results of training and phishing simulations. The Audit Committee receives periodic updates on information security risk and maturity of our ISP. The Audit Committee also receives reports with the results of security assessments conducted by third-parties.
Management
Under the leadership of the CIO, the ITSC serves to improve the effectiveness of information technology at the Bank and ensure alignment with the Bank’s strategic business plan and statement of risk appetite. Composition of the ITSC consists of senior management from the business areas. The virtual CISO is a non-voting member of the ITSC. Meetings occur at least bi-annually. The ITSC is tasked with reviewing the Bank’s technology, information security, business continuity, digital initiatives, vendor management, and data management strategic direction and providing feedback to management.
The ISGC acts on the behalf of and to assist the Board of Directors and executive management in fulfilling its oversight responsibilities regarding the Bank’s information security programs and risks. The ISGC is comprised of members from Risk, Information Technology, and other strategic areas within the Bank and meets at least quarterly. The responsibilities of the ISGC include providing strategic oversight and implementation guidance for the ISP, aligning cybersecurity and business objectives, monitoring and reporting on cybersecurity and information security incidents, and promoting a strong culture around information security. As stated above, the CIO is a member of the ISGC, chairs the ITSC, and reports to the CSIO. The CIO has over 40 years of business experience in information technology and cybersecurity and is a Certified Bank Cybersecurity Manager. The virtual CISO is outsourced to a third-party vendor that specializes in partnering with organizations to enhance cybersecurity management and reports to the CRO. |
||||||||||||||||||
| Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] | The Board of Directors, in coordination with the Audit Committee, oversees the Company’s management of cybersecurity risk. The Board receives monthly reports from the CIO, focusing on cybersecurity and information technology updates. The reports include key insights regarding our security risk score, areas of focus, and metrics from our third-party provider regarding security investigations and incidents as well as the results of training and phishing simulations. The Audit Committee receives periodic updates on information security risk and maturity of our ISP. The Audit Committee also receives reports with the results of security assessments conducted by third-parties. | ||||||||||||||||||
| Cybersecurity Risk Role of Management [Text Block] | Under the leadership of the CIO, the ITSC serves to improve the effectiveness of information technology at the Bank and ensure alignment with the Bank’s strategic business plan and statement of risk appetite. Composition of the ITSC consists of senior management from the business areas. The virtual CISO is a non-voting member of the ITSC. Meetings occur at least bi-annually. The ITSC is tasked with reviewing the Bank’s technology, information security, business continuity, digital initiatives, vendor management, and data management strategic direction and providing feedback to management. | ||||||||||||||||||
| Cybersecurity Risk Management Positions or Committees Responsible [Flag] | true | ||||||||||||||||||
| Cybersecurity Risk Management Expertise of Management Responsible [Text Block] | As stated above, the CIO is a member of the ISGC, chairs the ITSC, and reports to the CSIO. The CIO has over 40 years of business experience in information technology and cybersecurity and is a Certified Bank Cybersecurity Manager. The virtual CISO is outsourced to a third-party vendor that specializes in partnering with organizations to enhance cybersecurity management and reports to the CRO. | ||||||||||||||||||
| Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] | The ISGC acts on the behalf of and to assist the Board of Directors and executive management in fulfilling its oversight responsibilities regarding the Bank’s information security programs and risks. The ISGC is comprised of members from Risk, Information Technology, and other strategic areas within the Bank and meets at least quarterly. The responsibilities of the ISGC include providing strategic oversight and implementation guidance for the ISP, aligning cybersecurity and business objectives, monitoring and reporting on cybersecurity and information security incidents, and promoting a strong culture around information security. | ||||||||||||||||||
| Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] | true |
Note 1 - Summary of Significant Accounting Policies |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2024 | |||
| Notes to Financial Statements | |||
| Significant Accounting Policies [Text Block] |
Principles of Consolidation and Basis of Presentation
The consolidated financial statements of Middlefield Banc Corp. ("Company") include its bank subsidiary, The Middlefield Banking Company (“MBC” or “Bank”), and a nonbank asset resolution subsidiary EMORECO, Inc. The consolidated financial statements also include the accounts of MBC’s subsidiaries, Middlefield Investments, Inc. (“MI”) and MB Insurance Services (“MIS”). All significant inter-company items have been eliminated.
On March 13, 2019, MBC established MI as an operating subsidiary to hold and manage an investment portfolio. On December 31, 2024, MI’s assets consist of a cash account, investments, and related accrued interest accounts. MI may only hold and manage investments and may not engage in any other activity without prior approval of the Ohio Division of Financial Institutions. In the first quarter of 2022, MBC established MIS as an operating subsidiary to offer retail and business customers various insurance services, including home, renters, automobile, pet, identity theft, travel, and professional liability insurance. On December 31, 2024, MIS assets consist of a cash account, a prepaid asset, and an accounts receivable. As a result of the bank merger of Liberty National Bank and MBC on December 1, 2022, Middlefield Banc Corp. acquired a 100% ownership interest in LBSI Insurance, LLC (“LBSI”), a wholly owned financial subsidiary of Liberty National Bank. LBSI did not operate after the merger, and its existence ended January 19, 2024. All significant intercompany items have been eliminated between MBC and these subsidiaries.
On December 1, 2022, the Company completed its merger with Liberty Bancshares, Inc. (“Liberty’), pursuant to a previously announced definitive merger agreement. Under the terms of the merger agreement, Liberty shareholders received 2.752 shares of the Company’s common stock in exchange for each share of Liberty common stock they owned immediately before the merger. The Company issued 2,561,513 shares of its common stock in the merger, and the aggregate merger consideration was approximately $73.3 million. Upon closing, Liberty’s bank subsidiary was merged into MBC, and Liberty’s full-service bank offices, in Ada and Kenton in Hardin County, Bellefontaine North and Bellefontaine South in Logan County, Marysville in Union County, and Westerville in Franklin County, became offices of MBC.
Estimates
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.
Cash and Cash Equivalents
The Company has defined cash and cash equivalents as those amounts included in the Consolidated Balance Sheet captions as “Cash and due from banks” and “Federal funds sold” with original maturities of less than 90 days.
Investments
Management determines the appropriate classification of investment securities at the time of purchase and re-evaluates such designation as of each balance sheet date.
Investment securities classified as available for sale are those securities that the Bank intends to hold for an indefinite period of time but not necessarily to maturity. Securities available for sale are carried at fair value. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Bank’s assets and liabilities, liquidity needs, regulatory capital considerations, and other similar factors. Unrealized gains or losses are reported as increases or decreases in other comprehensive income (loss), net of the deferred tax effect. Realized gains or losses, determined on the basis of the cost of the specific securities sold, are included in earnings. Premiums and discounts are recognized in interest income using the interest method over the terms of the securities.
Investment securities classified as held to maturity are those securities the Bank has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs, or changes in general economic conditions. These securities are carried at cost, adjusted for the amortization of premium and accretion of discount, and computed by a method that approximates the interest method over the terms of the securities. As of December 31, 2024, the Company did not hold any held-to-maturity securities.
Equity securities, which are included in "other investments" on the Consolidated Balance Sheet, are measured at fair value with changes in fair value recognized in net income.
Allowance for Credit Losses – Investment Securities Available for Sale
The Bank adopted ASU No. 2016-13, Financial Instruments - Credit Loses - Topic (326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"), effective January 1, 2023. Financial statement amounts related to investment securities recorded as of December 31, 2024 and 2023 are presented in accordance with the accounting policies described in the following sections.
The Bank measures expected credit losses on available for sale investment securities when the Bank intends to sell, or when it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For available for sale investment securities that do not meet the aforementioned criteria, the Bank evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Bank considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists, and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. Economic forecast data is used to calculate the present value of expected cash flows. The Bank obtains its forecast data through a subscription to a widely recognized and relied-upon company that publishes various forecast scenarios. Management evaluates the various scenarios to determine a reasonable and supportable scenario and uses a single scenario in the model. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income.
The allowance for credit losses is included within "investment securities available for sale" on the Consolidated Balance Sheet, as applicable. Changes in the allowance for credit losses are recorded within the "provision for credit losses" on the Consolidated Income Statement. Losses are charged against the allowance when the Bank believes the collectability of an available for sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met.
Accrued interest receivable on available for sale investment securities is included within "accrued interest receivable and other assets" on the Consolidated Balance Sheet. This amount is excluded from the estimate of expected credit losses. Available for sale investment securities are typically classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When available for sale investment securities are placed on nonaccrual status, unpaid interest credited to income is reversed.
Loans
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of unearned income, which includes net deferred loan fees and costs and unamortized premiums and discounts. Accrued interest receivable is included within "accrued interest receivable and other assets" on the Consolidated Balance Sheet. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loans’ yield (interest income). The Bank amortizes these amounts over the contractual life of the loan. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method. Interest income is primarily recognized on an accrual basis according to formulas in written contracts, such as loan agreements.
The loan portfolio is segmented into commercial and consumer loans. Commercial loans consist of the following classes: commercial construction, commercial and industrial loans, and commercial real estate loans. Consumer loans consist of the following classes: residential real estate loans, home equity loans, and consumer loans.
For all classes of loans, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for credit losses. Interest received on nonaccrual loans generally is either applied against the principal or reported as interest income on a cash basis, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past-due status of all classes of loans is determined based on contractual due dates for loan payments.
Allowance for Credit Losses ("ACL") – Loans
The Bank adopted ASU 2016-13, effective January 1, 2023. Financial statement amounts related to loans recorded as of December 31, 2024 and 2023 are presented in accordance with the accounting policies described in the following sections. The guidance applies an expected-loss methodology, recognizing current expected credit losses for the remaining life of the asset at the time of origination or acquisition.
The allowance for credit losses ("ACL") is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off.
The ACL is an estimate of expected credit losses, measured over the contractual life of a loan that considers our historical loss experience, current conditions, and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period.
Management uses a discounted cash flow ("DCF") model to calculate the present value of the expected cash flows for pools of loans that share similar risk characteristics and compares the results of this calculation to the amortized cost basis to determine its ACL balance.
The contractual term used in projecting the cash flows of a loan is based on the maturity date of a loan and is adjusted for prepayment or curtailment assumptions, which may shorten that contractual time period. Options to extend are considered by management in determining the contractual term.
The key inputs to the DCF model are (1) probability of default, (2) loss given default, (3) prepayment and curtailment rates, (4) reasonable and supportable economic forecasts, (5) forecast reversion period, (6) expected recoveries on charged off loans, and (7) discount rate.
Probability of Default ("PD") In order to incorporate economic factors into forecasting within the DCF model, management elected to use the Loss Driver method to generate the PD rate inputs. The Loss Driver method analyzes how one or more economic factors change the default rate using statistical regression analysis. Management selected economic factors that have strong correlations to historical default rates.
Loss Given Default ("LGD") Management elected to use the Frye Jacobs parameter for determining the LGD input, which is an estimation technique that derives an LGD input from segment-specific risk curves that correlate LGD with PD.
Prepayment and Curtailment Rates Prepayment Rates: Loan-level transaction data is used to calculate semi-annual prepayment rates. These semi-annual rates are annualized, and the average of the annualized rates is used in the DCF calculation for fixed payments or term loans. Rates are calculated for each pool.
Curtailment Rates: Loan-level transaction data is used to calculate annual curtailment rates using available historical loan-level data. The average of the historical rates is used in the DCF model for interest-only payment or line-of-credit type loans. Rates are calculated for each pool.
Reasonable and Supportable Forecasts The forecast data used in the DCF model is obtained via a subscription to a widely recognized and relied-upon company that publishes various forecast scenarios. Management evaluates the various scenarios to determine a reasonable and supportable scenario.
Forecast Reversion Period Management uses forecasts to predict how economic factors will perform and has determined to use a four-quarter forecast period as well as an eight-quarter straight-line reversion period to historical averages (also commonly referred to as the mean reversion period).
Expected Recoveries on Charged-off Loans Management performs an analysis to estimate recoveries that could be reasonably expected based on historical experience in order to account for expected recoveries on loans that have already been fully charged off and are not included in the ACL calculation.
Discount Rate The effective interest rate of the underlying loans of the Company serves as the discount rate applied to the expected periodic cash flows. Management adjusts the effective interest rate used to discount expected cash flows to incorporate expected prepayments.
Individual Evaluation Management evaluates individual instruments for expected credit losses when those instruments do not share similar risk characteristics with instruments evaluated using a collective (pooled) basis. These instruments will not be included in the collective analyses. The individual analysis will establish a specific reserve for instruments in scope.
The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. 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 CRE loan segments consist of loans made to finance the activities of CRE owners and operators and certain agricultural loans. The RRE 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 and certain agricultural loans. The consumer loan segment consists primarily of installment loans and overdraft lines of credit connected with customer deposit accounts.
Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. The qualitative adjustments for current conditions are based upon 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, concentrations of credit from a loan type, industry, and/or geographic standpoint. These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve.
The Bank has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on nonaccrual status, any outstanding accrued interest is reversed against interest income. Accrued interest receivable is included within accrued interest receivable and other assets on the Consolidated Balance Sheet.
The ACL calculation for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and should, therefore, be individually assessed. The Bank automatically considers all non-accrual loans greater than $250,000 for individual analysis. Additional identification of loans to be individually evaluated is accomplished through the Bank’s normal loan review, criticized asset review, and portfolio management processes. The Bank previously evaluated all commercial loans greater than $150,000 for individual analysis that met the following criteria: 1) when it is determined that foreclosure is probable, 2) substandard, doubtful, and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, and 3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate, 2) the loan’s observable market price, or 3) the fair value of the collateral when the loan is collateral dependent. Management considers a financial asset as collateral dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral, based on management's assessment as of the reporting date. Measurement of the expected credit losses on collateral-dependent loans is based on the fair value of the collateral, less any costs to sell. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance. Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Bank does not separately identify individual residential real estate loans, home equity loans, and consumer loans for impairment disclosures.
Allowance for Credit Losses on Off-Balance Sheet Credit Exposures
The Bank adopted ASU No. 2016-13 effective January 1, 2023. The Bank estimates expected credit losses over the contractual period in which the Bank is exposed to credit risk via a contractual obligation to extend credit unless that obligation is unconditionally cancellable by the Bank. The allowance for credit losses on off-balance sheet credit exposures is included in "accrued interest payable and other liabilities" on the Consolidated Balance Sheet and adjusted through the provision for credit losses. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life, consistent with the estimation process on the loan portfolio.
Restricted Stock
Common stock of the FHLB represents ownership in an institution that is wholly owned by other financial institutions. This equity security is accounted for at cost and classified with "accrued interest and other assets" in the Consolidated Balance Sheet. The FHLB of Cincinnati has reported profits for 2024 and 2023, remains in compliance with regulatory capital and liquidity requirements, and continues to pay dividends on the stock and make redemptions at the par value. Considering these factors, management concluded that the stock was not impaired on December 31, 2024, or 2023.
Mortgage Banking Activities
The Bank sells residential mortgage loans on a servicing retained basis. Servicing rights are initially recorded at fair value. The Bank measures servicing assets using the amortization method. Loan servicing rights are amortized in proportion to and throughout estimated net future servicing revenue. The expected period of the estimated net servicing income is partly based on the expected prepayment of the underlying mortgages. The unamortized balance of mortgage servicing rights is included in "accrued interest and other assets" on the Consolidated Balance Sheet.
Servicing fee income is recorded for fees earned for servicing loans and included in "other income" in the Consolidated Income Statement. The fees are based on a contractual percentage of outstanding principal and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. Late fees and ancillary fees related to loan servicing are not material. The Bank is servicing loans for others in the amount of $197.4 million and $210.3 million on December 31, 2024, and 2023, respectively.
Premises and Equipment
Land is carried at cost. Premises and equipment are stated at cost net of accumulated depreciation. Depreciation is computed on the straight-line method over the assets' estimated useful lives, which range from to 20 years for furniture, fixtures, and equipment and 3 to 40 years for buildings and leasehold improvements. Expenditures for maintenance and repairs are charged against income as incurred. Costs of significant additions and improvements are capitalized.
Leases
The Company has operating and financing leases for several branch locations and office space. Generally, the underlying lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company may also lease specific office equipment under operating leases. Many of our leases include both lease (e.g., minimum rent payments) and non-lease components (e.g., common-area or other maintenance costs). The Company accounts for each element separately based on the standalone price of each component. Operating and financing leases with lease terms of less than one year are excluded from our right-of-use assets and lease liabilities. Operating and financing lease expense are recognized in "occupancy expense" and "equipment expense" in the Consolidated Income Statement on a straight-line basis over the lease term.
Most leases include one or more options to renew. The exercise of lease renewal options is typically at the sole discretion of management. It is based on whether the extension options are reasonably certain to be exercised after giving proper consideration to all facts and circumstances of the lease. If management determines that the Company is reasonably sure to exercise the extension option(s), the additional term is included in the calculation of the right-of-use asset and a lease liability.
As most of our leases do not provide an implicit rate, we use the fully collateralized FHLB borrowing rate commensurate with the lease terms based on the information available at the lease commencement date in determining the present value of the lease payments.
Business Combinations
Business combinations are accounted for under the acquisition method of accounting. Acquired assets, including separately identifiable intangible assets, and assumed liabilities are recorded at their acquisition-date fair values. The excess of the cost of acquisition over the fair values is recognized as goodwill. During the measurement period, which cannot exceed one year from the acquisition date, changes to estimated fair values are recognized as an adjustment to goodwill. Certain transaction costs are expensed as incurred.
Goodwill
Goodwill represents the amount by which the cost of net assets acquired in a business combination exceeds their fair value. Goodwill is not amortized and is tested for impairment, at least annually as of October 1, or when indicators of impairment exist. We have elected to perform qualitative assessment for testing the impairment of goodwill. If we elect to bypass this qualitative assessment or conclude as a result of the qualitative assessment that it is more likely than not that the fair value is less than its carrying value, a quantitative impairment test will be performed. If the fair value is less than carrying value, an impairment charge is recorded for the difference.
Intangible Assets
Intangible assets include core deposit intangibles, which measure the value of consumer demand and savings deposits acquired in business combinations accounted for as purchases. The core deposit intangibles are amortized over their expected useful lives, commonly years, on a straight-line basis. The recoverability of the carrying value of intangible assets is evaluated on an ongoing basis, and permanent declines in value, if any, are charged to expense.
Bank-Owned Life Insurance (“BOLI”)
The Company owns insurance on the lives of a specific group of key employees. The policies were purchased to help offset the increase in the costs of various fringe benefit plans, including healthcare. The cash surrender value of these policies is included as an asset on the Consolidated Balance Sheet, and any increases in the cash surrender value are recorded as noninterest income on the Consolidated Income Statement. In the event of the death of an insured individual under these policies, the Company would receive a death benefit, which would be recorded as tax-free noninterest income.
Other Real Estate Owned (“OREO”)
Real estate properties acquired through foreclosure are initially recorded at fair value at the foreclosure date, establishing a new cost basis. After foreclosure, the real estate is carried at the lower of cost or fair value less estimated cost to sell. Revenue and expenses from operations of the properties, gains or losses on sales, and additions to the valuation allowance are included in operating results. At December 31, 2024 and 2023, the Company reported $352,000 and $228,000, respectively, in residential real estate loans in the process of foreclosure.
Fair Value
Fair value is defined as the price to sell an asset or transfer a liability in an orderly transaction between market participants in the principal market. It represents an exit price at the measurement date. Valuation inputs can be observable or unobservable. All inputs, whether observable or unobservable, are ranked in accordance with a prescribed fair value hierarchy that gives the highest ranking to quoted prices in active markets for identification assets or liabilities (Level 1) and the lowest ranking to unobservable inputs (Level 3). Fair values for Level 2 assets and liabilities are based on a combination of one or more of the following factors: (1) quoted market prices for similar assets or liabilities, (2) observable inputs, such as interest rates or yield curves, or (3) inputs derived principally from or corroborated by observable market data. The level in the fair value hierarchy assigned to a fair value measurement is based on the lowest level input that is significant to the measurement. Assets and liabilities may transfer between levels based on the observable and unobservable inputs used at the valuation date.
Assets and liabilities are recorded at fair value on a recurring or nonrecurring basis. Nonrecurring fair value adjustments are typically recorded with the application of lower of cost or fair value accounting or impairment.
Income Taxes
The Company and its subsidiaries file a consolidated federal income tax return. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. The net balance of deferred tax assets and liabilities is reported in "accrued interest receive and other assets" or "accrued interest payable and other liabilities" in the Consolidated Balance Sheet, as appropriate. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.
Fee-based Services Revenue Recognition
Refer to Note 2 - Revenue Recognition.
Stock-Based Compensation
The Company accounts for stock-based compensation based on the grant date fair value of all share-based payment awards expected to vest, including employee share options. Compensation cost is recognized for restricted stock issued to employees based on the fair value of these awards at the grant date. The market price of the Company’s common shares at the grant date is used to estimate the fair value of restricted stock and stock awards. Stock-based compensation cost for awards granted to employees is recognized over the required service period, generally defined as the vesting period, and is recorded in "salaries and employee benefits" expense in the Consolidated Income Statement, while the expense related to awards granted to directors is recorded in "other expense". (See Note 14 - Employee Benefits). One of the Company’s restricted stock plans allows for a portion of the value to be received in cash by the participant upon vesting. Therefore, the Company records the expense as a liability until the shares vest and the split of the payment between shares and cash can be determined. The Company also measures the fair value of the liability each reporting period and adjusts accordingly. Another of the Company's restricted stock plans settles in shares upon vesting, and the related expense is recorded through additional paid-in capital.
The Company has performance-based restricted stock units whereby the vesting in the granted awards is contingent on certain internal and external financial performance factors. The fair value of these stock units is estimated using a Monte Carlo simulation, as further discussed in Note 14 - Employee Benefits.
Advertising Costs
Advertising costs are expensed as incurred.
Treasury Stock
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.
Earnings Per Share
The Company provides a dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated utilizing net income as reported in the numerator and average shares outstanding in the denominator. The computation of diluted earnings per share differs in that the dilutive effects of any stock options, warrants, and convertible securities are adjusted in the denominator. Earnings and dividends per share are restated for all stock splits and stock dividends through the date of issuance of the financial statements.
Reclassification of Comparative Amounts
Certain comparative amounts for prior years have been reclassified to conform to current-year presentations. Such reclassifications did not affect net income or retained earnings.
Accounting Pronouncements Adopted in 2024
In March 2023, the FASB issued ASU 2023-02, Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. The amendments allow entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related tax credits. This method of accounting had been available only for qualifying investments in qualified affordable housing projects. The guidance also requires certain disclosures regarding an entity’s tax equity investments. The amendments in this ASU are effective for all entities for fiscal years beginning after December 15, 2023. This ASU did not have a significant impact on the Company’s financial statements.
In January 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, March 2020, to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (SOFR). Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls “reference rate reform” if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Also, entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform if certain criteria are met, and can make a one-time election to sell and/or reclassify held-to-maturity debt securities that reference an interest rate affected by reference rate reform. ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 Issued December 2022, which was issued in December 2022, extended the period of time entities can utilize the reference rate reform relief guidance under ASU 2020-04 from December 31, 2022 to December 31, 2024. The ASUs did not have a significant impact on the Company’s financial statements.
In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The amendment clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit account of the equity security and is not considered in measuring its fair value. The ASU clarifies that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. The ASU also requires certain disclosures for equity securities subject to contractual sale restrictions. The amendments in this ASU are effective for all entities for fiscal years beginning after December 15, 2023. This ASU did not have a significant impact on the Company’s financial statements.
In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU requires enhanced disclosures about significant segment expenses for public entities reporting segment information under ASC Topic 280. The amendments include required disclosure of significant segment expenses regularly reviewed by the chief operating decision maker, description of the composition of other segment items, and title and position of the chief operating decision maker. Additionally, the ASU requires public entities to provide all annual disclosures under Topic 280 in interim periods. The ASU also requires that public entities with a single reportable segment provide all the disclosures required by this amendment and existing disclosure requirements in Topic 820. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company has a single reportable segment. The disclosure requirements under the ASU have been incorporated in Note 19 - Segment Reporting.
Recent Accounting Pronouncements
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The amendments require entities to disclose specific categories in the rate reconciliation and provide additional information for material reconciling items. The ASU also requires the disclosure of income taxes paid disaggregated by jurisdiction. The amendments in this ASU are effective for public business entities for annual periods beginning after December 15, 2024. This ASU is not expected to have a significant impact on the Company’s financial statements.
In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Topic 220-40): Disaggregation of Income Statement Expenses. The guidance requires public companies to disclose additional information about certain types of costs and expenses. The amendment should be applied on a prospective or retrospective basis. The amendments in this ASU are effective for annual periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. This ASU is not expected to have a significant impact on the Company’s financial statements.
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Note 2 - Revenue Recognition |
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| Revenue from Contract with Customer [Text Block] |
Following ASC Topic 606, Revenue from Contracts with Customers (Topic 606), management determined that the primary sources of revenue, which emanate from interest income on loans and investments, along with noninterest revenue resulting from equity security gains (losses), gains on the sale of loans, rental income, and BOLI income, are not within the scope of ASC 606. For the twelve months ended December 31, 2024, these revenue sources cumulatively comprise 94.4% of the total revenue of the Company.
The main types of noninterest income within the scope of the standard are as follows:
Service charges on deposit accounts – The Company has contracts with its deposit customers whereby fees are charged if the account balance falls below predetermined levels defined as compensating balances. These agreements can be canceled at any time by either the Company or the deposit customer. Revenue from these transactions is recognized monthly as the Company has an unconditional right to the fee consideration. The Company also has transaction fees related to specific customer requests or activities that include overdraft fees, online banking fees, and other transaction fees. All of these fees are attributable to specific performance obligations of the Company where the revenue is recognized at a defined point in time, which is the completion of the requested service/transaction.
Revenue from investment services – The Company earns investment services revenue through its referral agreement with LPL Financial. The performance obligation to investment management customers is satisfied over time, and therefore, revenue is recognized over time. The Company generally receives trailing investment services revenue in arrears and recognizes the revenue when the monthly statement with referral revenue is received.
Miscellaneous fee income – Fees earned on other services, such as ATM surcharge fees, money order fees, and check fees, are recognized at the time of the event or the applicable billing cycle.
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:
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Note 3 - Earnings Per Share |
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| Earnings Per Share [Text Block] |
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 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 year ended December 31:
Outstanding on December 31, 2024, were 109,831 shares of restricted stock, 99,033 shares of which were anti-dilutive.
Outstanding on December 31, 2023, were 78,573 shares of restricted stock, 55,790 shares of which were anti-dilutive.
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 December 31, 2024, the Company held 1,879,310 of the Company’s shares, which is an increase of 43,858 from the 1,835,452 shares held as of December 31, 2023.
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Note 4 - Accumulated Other Comprehensive (Loss) Income |
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| Comprehensive Income (Loss) Note [Text Block] |
The following table presents the changes in accumulated other comprehensive income (loss) (“AOCI”) by component, net of tax:
There were other reclassifications of amounts from AOCI for the years ended December 31, 2024, and 2023.
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Note 5 - Fair Value Measurements |
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| Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Text Block] |
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:
This hierarchy requires the use of observable market data when available.
The following tables present the assets measured at fair value on a recurring basis on the Consolidated Balance Sheet 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.
Investment Securities Available for Sale - An independent pricing service provides the Company fair values determined by pricing models using a market approach that considers observable market data, such as interest rate volatilities, benchmarked yield curve, credit spreads and prices from market makers and live trading systems (Level II). Level III securities are assets whose fair value cannot be determined by using observable measures. The inputs to the valuation methodology of these securities are unobservable and significant to the fair value measurement. Currently, this category includes certain subordinated debt investments that are valued based on the discounted cash flow approach assuming a yield curve of similarly structured instruments.
While the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of specific financial instruments could result in a different estimate of fair value at the reporting date. Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective period-ends and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments following the respective reporting dates may be different from the amounts reported at each period-end.
Equity Securities - Equity securities that are traded on a national securities exchange are valued at their last reported sales price as of the measurement date. Equity securities traded in the over-the-counter (“OTC”) markets and listed securities for which no sale was reported on that date are generally valued at their last reported “bid” price if held long, and last reported “ask” price if sold short. To the extent equity securities are actively traded and valuation adjustments are not applied, they are categorized in Level I of the fair value hierarchy.
The following table presents the fair value reconciliation of Level III assets measured at fair value on a recurring basis.
The following table presents the assets measured at fair value on a non-recurring basis on the Consolidated Balance Sheet by level within the fair value hierarchy.
Collateral-Dependent Loans – The Company has measured impairment on collateral-dependent individually analyzed loans generally based on the fair value of the loan’s collateral. Fair value is generally determined based on independent third-party appraisals of the properties. In some cases, management may adjust the appraised value due to the age of the appraisal, changes in market conditions, or observable deterioration of the property since the appraisal was completed. Additionally, management makes estimates about expected costs to sell the property, which are also included in the net realizable value. If the fair value of the collateral-dependent loan is less than the carrying amount of the loan, a specific reserve for the loan is made in the allowance for credit losses, or a charge-off is taken to reduce the loan to the fair value of the collateral (less estimated selling costs), and the loan is included in the above table as a Level III measurement in the period in which the adjustment is recorded. If the fair value of the collateral exceeds the carrying amount of the loan, then the loan is not included in the above table as it is not currently being carried at its fair value. The fair values in the preceding tables include selling costs of $968,000 and $843,000 on December 31, 2024, and 2023, respectively.
The following table presents 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:
The estimated fair value of the Company’s financial instruments not recorded at fair value on a recurring basis is as follows:
Included within other borrowings is an $8.2 million note payable, which matures in December 2037. These borrowings were used to form a special purpose entity to issue $8.0 million of floating rate, obligated mandatorily redeemable securities. The rate adjusts quarterly, equal to SOFR plus 1.67%. The borrowing is a floating rate instrument, and any difference between the cost and fair value is insignificant.
In addition to the financial instruments included in the above tables, cash and cash equivalents, bank-owned life insurance, Federal Home Loan Bank (the “FHLB”) stock, other investments, accrued interest receivable, Federal Home Loan Bank advances, finance lease liabilities, and accrued interest payable, are carried at cost, which approximates the fair value of the instruments.
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Note 6 - Investment and Equity Securities |
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| Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] |
The amortized cost and fair values of investment securities available for sale are as follows:
The amortized cost and fair value of investment securities at December 31, 2024, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
There were no investment securities sold during the years ended December 31, 2024 and 2023.
Investment securities with an approximate carrying value of $112.1 million and $118.8 million on December 31, 2024, and 2023, respectively, were pledged to secure deposits and for other purposes as required by law.
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.
Every quarter, the Company evaluates investment securities with unrealized losses to determine if the decline in fair value has resulted from credit losses or other factors. There were 39 securities in an unrealized loss position for less than twelve months and 163 securities in an unrealized loss position for twelve months or greater on December 31, 2024. Unrealized losses on investment securities available for sale have not been recognized into income because we do not intend to sell and it is more likely than not that we will not be required to sell any of the securities in an unrealized loss position before recovery of their amortized cost. The unrealized losses on investment securities were attributable to changes in interest rates and not related to the credit quality of these issuers. As of December 31, 2024 and 2023, no ACL was required on investment securities available for sale.
Other investments, which primarily represents equity securities, totaled $855,000 and $955,000 at December 31, 2024 and 2023, respectively. The Company recognized a net loss on other investments of $9,000 and $161,000 for the years ended December 31, 2024 and 2023, respectively. Other investments sold during 2024 resulted in the recognition of gains totaling $71,000. No other investments were sold during 2023.
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Note 7 - Loans and Related Allowance for Credit Losses |
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| Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans, Notes, Trade and Other Receivables Disclosure [Text Block] |
The following table summarizes the loan portfolio by primary segment and class of financial receivable (in thousands):
Allowance for Credit Losses: Loans
On January 1, 2023, the Company adopted ASU 2016-13. This methodology for calculating the allowance for credit losses considers the possibility of expected loss over the life of the loan. It also considers historical loss rates and other qualitative adjustments, as well as a new forward-looking component that considers reasonable and supportable forecasts over the expected life of each loan. To develop the ACL estimate under the current expected loss model, the Company segments the loan portfolio into loan pools based on loan type and similar credit risk elements. An ACL is maintained to absorb losses from the loan portfolio. The ACL 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.
Management reviews the loan portfolio quarterly using a defined, consistently applied process to make appropriate and timely adjustments to the ACL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ACL.
The following tables summarize the ACL within the primary segments of the loan portfolio and the activity within those segments (in thousands):
The total ACL increased by $754,000, or 3.5%, from December 31, 2023 to December 31, 2024. The increase was driven by portfolio activity and the economic outlook, which was partially driven by a change in data inputs. For 2024, the Bank utilized unemployment rate data from Federal Open Market Committee ("FOMC") within the model to forecast credit losses in the portfolio, while Moody’s September 2023 consensus information, which takes into account the national housing price index and national unemployment rates, was used forecast credit losses during 2023. The change was due, in part, to the change from using state specific economic data as inputs in the 2023 assessments to using national economic data inputs in the 2024 assessments. It was determined that national data inputs are more representative of the Bank’s loan portfolio, including historical loss rates. The noted changes to data sources in 2024 within the model and in the application of qualitative adjustments resulted in an increase or decrease to loss rates when applied to each pool. To the extent that credit risk is not fully identified within the forecasts, management has made qualitative adjustments to the ACL balance. Refer to Note 1 – Summary of Significant Accounting Policies for additional information on the Bank’s methodology for estimating the ACL.
The fluctuation in the ACL during the year ended December 31, 2024, can also be attributed to the following:
The provision fluctuations during the year ended December 31, 2023, can be attributed to:
Credit Quality Indicators
Management evaluates individual loans in all of the commercial segments for possible impairment based on guidelines established by the Board of Directors. Loans are individually analyzed 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 credit loss 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 evaluation of the need and amount of a specific allocation of the allowance and whether a loan can be removed from impairment status is made quarterly.
Management uses a nine-point internal risk-rating system to monitor the credit quality of the overall loan portfolio. The first five categories are considered not criticized and are aggregated as Pass rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but have potential weaknesses, resulting in undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. All loans greater than 90 days past due are considered Substandard. A loan categorized as Doubtful contains all of the weaknesses as a Substandard loan with the added characteristic that the weaknesses are so pronounced that the collection or liquidation in full of both principal and interest is highly questionable or improbable. Any portion of a loan that has been charged off is placed in the Loss category.
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 loss. 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. Detailed reviews, including plans for resolution, are performed on criticized loans of $150,000 or more 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.
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.
The following table represents outstanding loan balances by credit quality indicators and vintage year by class of financing receivable and current period gross charge-offs by year of origination as of December 31, 2024:
The following table represents outstanding loan balances by credit quality indicators and vintage year by class of financing receivable and current period gross charge-offs by year of origination as of December 31, 2023:
Collateral-dependent Loans
The following table presents individually analyzed and collateral-dependent loans by classes of loan type as of December 31, 2024:
The following table presents individually analyzed and collateral-dependent loans by classes of loan type as of December 31, 2023:
Nonperforming and Past Due Loans
The following table present the aging of the recorded investment in past-due loans by class of loans (in thousands) as of December 31, 2024:
The following table present the aging of the recorded investment in past-due loans by class of loans (in thousands) as of December 31, 2023:
The following tables present the recorded investment in nonaccrual loans and loans 90 and greater days past due and still on accrual by class of loans:
Interest income that would have been recorded had these loans not been placed on nonaccrual status was $2.3 million and $689,000 for the years ended December 31, 2024 and 2023, respectively.
Modifications to Borrowers Experiencing Financial Difficulty
Effective January 1, 2023, the Company implemented ASU 2022-02, which eliminated the recognition and measure of troubled debt restructurings and enhanced disclosures for loan modifications to borrowers experiencing financial difficulty. The Bank may modify the contractual terms of a loan to a borrower experiencing financial difficulty to mitigate the risk of loss. Such modifications may include a term extension, interest rate reduction, significant payment deferral, other modifications, or a combination of modification types. In general, any delay in payment of greater than 90 days in the last 12 months is considered to be a significant payment deferral.
The table below details the amortized cost basis of the loans modified to borrowings experiencing financial difficulty, disaggregated by class of loans and type of concessions granted, and the financial effect of the modifications:
As of December 31, 2024, the Bank had no commitments to lend additional funds on modified loans. As of December 31, 2024 and 2023, the Bank did not have any loans that were modified for borrowers experiencing financial difficulty and subsequently defaulted. Payment default is defined as movement to nonperforming status, foreclosure or charge-off, whichever occurs first.
Allowance for Credit Losses: Unfunded Commitments
Upon adoption of ASU 2016-13 on January 1, 2023, the Company recorded a separate ACL for unfunded commitments using a methodology that is inherently similar to the methodology used for calculating the ACL for loans. The liability for credit losses on these exposures is $1.6 million and $1.8 million as of December 31, 2024 and 2023, respectively, and included in “accrued interest payable and other liabilities” on the Consolidated Balance Sheet. The provision for credit loss associated with the liability for unfunded commitments amounted to a recovery of credit losses of $182,000 for the year ended December 31, 2024, and a provision for credit losses of million for the year ended December 31, 2023.
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Note 8 - Premises and Equipment |
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Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Property, Plant and Equipment Disclosure [Text Block] |
Major classifications of premises and equipment at December 31 are as follows:
Depreciation and amortization expense charged to operations was $1.6 million in 2024 and $1.7 million in 2023. The expense includes amortization of financing right-of-use assets.
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Note 9 - Goodwill and Intangible Assets |
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Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Text Block] |
Goodwill
Our annual goodwill impairment testing is performed as of October 1 each year, or more frequently as events occur or circumstances change that would more likely than not reduce the fair value of the Company below its carrying amount. The Company conducted a qualitative test as of October 1, 2024 through the evaluation of numerous factors such as economic trends, market and industry considerations, financial performance, and internal events.
Core Deposit Intangible
The carrying amount of the core deposit intangible was $5.6 million and $6.6 million for the years ended December 31, 2024, and 2023, respectively. Core deposit accumulated amortization was $4.2 million and $3.2 million for the years ended December 31, 2024, and 2023. Amortization expense totaled $1.0 million and $1.1 million in 2024 and 2023, respectively. Core deposit intangible assets are amortized to their estimated residual values over their expected useful lives, commonly years. The estimated aggregate future amortization expense for core deposit intangible assets as of December 31, 2024, is as follows:
Mortgage Servicing Rights
We originate and periodically sell residential mortgage loans but continue to service those loans for the buyers. We record a servicing asset if we retain the right to service loans in exchange for servicing fees that exceed the going market servicing rate and are considered more than adequate compensation for servicing. Activity for mortgage servicing rights follows:
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Note 10 - Deposits |
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| Deposit Liabilities Disclosures [Text Block] |
Time deposits that meet or exceed the FDIC Insurance limit of $250,000 as of December 31, 2024, and 2023 were $56.6 million and $117.6 million, respectively.
Scheduled maturities of all time deposits as of December 31, 2024, are as follows:
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Note 11 - Short-term Borrowings |
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| Short-Term Debt [Text Block] |
For the years ended December 31, 2024 and 2023, short-term borrowings consisted of Federal Home Loan advances. Outstanding balances and related information on short-term borrowings are summarized as follows:
Average balances outstanding during the year represent daily average balances, and average interest rates represent interest expense divided by the related average balance.
The Company maintains a $6.0 million line of credit and a $10.0 million line of credit with other financial institutions. Both lines of credit have an adjustable rate based on the time of borrowings. On December 31, 2024, and 2023, there were no outstanding borrowings under these lines of credit. The additional borrowing capacity on FHLB advances was $381.7 million and $430.1 million on December 31, 2024, and 2023, respectively.
Under the terms of a blanket agreement, FHLB borrowings are secured by certain qualifying assets of the Company, which consist principally of first mortgage loans or mortgage-backed securities.
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Note 12 - Other Borrowings |
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| Other Borrowings [Text Block] |
Other borrowings for the years ended December 31, consist of the following:
The Company formed a special purpose entity (“Entity”) to issue $8.0 million of floating rate, obligated mandatorily redeemable securities, and $248,000 in common securities as part of a pooled offering. The rate adjusts quarterly, equal to SOFR plus 1.67%. The debt had a weighted-average interest rate of 7.23% at December 31, 2024, and 7.16% at December 31, 2023. The Entity may redeem them at face value in whole or in part. The Company borrowed the issuance proceeds from the Entity in December 2006 in the form of an $8.2 million note payable, which matures in December 2037. There are no principal payments scheduled within the next five years.
The Bank has a $25.0 million irrevocable Standby Letter of Credit Agreement with the FHLB outstanding at December 31, 2024. This letter of credit is issued to secure municipal deposit accounts as required by law. The amount of funds available from the FHLB to the Bank is reduced by any letters of credit outstanding.
See Note 15, Commitments and Contingent Liabilities, for additional information on the Company's finance lease liabilities.
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Note 13 - Income Taxes |
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| Income Tax Disclosure [Text Block] |
The provision for federal income taxes for the years ended December 31 consists of:
The tax effects of deductible and taxable temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows at December 31:
No valuation allowance was established on December 31, 2024, and 2023, in view of the Company’s tax strategies, coupled with the anticipated future taxable income as evidenced by the Company’s earnings potential.
The reconciliation between the federal statutory rate and the Company’s effective consolidated income tax rate for the years ended December 31, is as follows:
ASC 740-10 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met.
At December 31, 2024 and 2023, the Company had no ASC 740-10 unrecognized tax benefits. The Company does expect the total amount of unrecognized tax benefits to significantly increase within the next 12 months. The Company recognizes interest and penalties on unrecognized tax benefits as a component of other expense.
The Company and the Bank are subject to U.S. federal income tax as well as an income tax in the state of Florida, and the Bank is subject to a capital-based franchise tax in the state of Ohio. The Company and the Bank are longer subject to examination by taxing authorities for years before December 31, 2021.
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Note 14 - Employee Benefits |
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| Compensation and Employee Benefit Plans [Text Block] |
14. EMPLOYEE BENEFITS
Employee Retirement Plan
The Bank maintains section 401(k) employee savings and investment plan for all full-time employees and officers of the Bank who are at least 21 years of age. The Bank’s contributions to the plan are based on 66% matching of voluntary contributions up to 6% of compensation for the years ended December 31, 2024, and 2023. The plan also permits the Bank to make a discretionary annual profit-sharing contribution to eligible employees. Employee contributions are vested at all times, and MBC contributions are fully vested after years beginning at the second year in 20% increments. Matching contributions for 2024 and 2023 amounted to $520,000 and $641,000, respectively. The Bank did not make any profit-sharing contributions during 2024 or 2023. Effective January 1, 2025, the plan was revised to adjust the vesting schedule whereby MBC contributions will be fully vested after five years beginning at the first year in 20% increments.
Executive Deferred Compensation Plans
The Company maintains executive deferred compensation plans to provide post-retirement payments to members of senior management. The plan agreements are noncontributory, defined contribution arrangements that provide supplemental retirement income benefits to several officers, with contributions made solely by the Bank. Accrued executive deferred compensation amounted to $3.5 million and $3.8 million as of December 31, 2024, and 2023, respectively. During 2024, the Company recognized a net reduction in nonqualified deferred compensation expense resulting in a benefit of $91,000. The decrease in expense reflects the number of participants in the payout phase exceeding currently eligible participants. During 2023, the Company recognized nonqualified deferred compensation expense of $437,000 to the plans.
Stock Option and Restricted Stock Plan
In 2017, the Company adopted the 2017 Omnibus Equity Plan (the “2017 Plan”) for granting incentive stock options, nonqualified stock options, restricted stock, and other equity awards to key officers and employees and nonemployee directors of the Company. A total of 448,000 shares of common stock were reserved for issuance under the 2017 Plan, which expires years from the date of board approval of the plan. The per-share exercise price of an option granted will not be less than the fair value of a share of common stock on the date the option is granted. The remaining available shares that can be issued under the 2017 Plan were 352,063 as of December 31, 2024.
There was no stock option activity during the years ended December 31, 2024, or 2023
During 2024 and 2023, the Compensation Committee of the Company's Board of Directors granted awards of restricted stock for an aggregate amount of 70,538 and 36,173 shares, respectively, to certain employees of the Bank. The number of restricted stock shares earned or settled will depend on specific conditions and are also subject to service period-based vesting. The award recipient must maintain service with Middlefield Banc Corp. and its affiliates during the service period defined in the award to satisfy the service condition.
Awards of restricted stock are granted annually in a variety of forms:
The following table presents the activity during 2024 related to awards of restricted stock:
The gross compensation expense recognized for all outstanding awards was $714,000 and $391,000 for the years ended 2024 and 2023, respectively. The income tax benefit recognized in the income statement for these plans was $150,000 and $82,000 for the years ended 2024 and 2023, respectively. The liability for the restricted stock units payable in stock or cash was $462,000 and $758,000 for the years ended December 31, 2024, and December 31, 2023, respectively, and included in "accrued interest payable and other liabilities" on the Consolidated Balance Sheet.
During 2024, 19,745 time-lapsed restricted stock units payable in stock or cash vested. The total fair value of these units that vested in stock and cash during 2024 totaled $311,000 and $213,000, respectively. During 2023, 10,713 time-lapsed restricted stock units payable in stock or cash vested. The total fair value of these units that vested in stock and cash during 2024 totaled $195,000 and $114,000, respectively.
The compensation cost of time-lapsed restricted stock awards is calculated using the closing trading price of our common stock on the grant date. The compensation cost of performance units is calculated using a Monte Carlo simulation to reflect the market condition in the fair value of the award. The assumptions used are noted in the following table. Expected volatilities are based on historical volatilities for the Company and members of a defined peer group. The expected term is derived from the time remaining in the respective awards’ performance period. The risk-free rate for periods within the remaining performance period is based on the semi-annual zero-coupon US Treasury rates as of the grant date.
The weighted-average grant-date fair value of awards granted was $22.98 during 2024 and $27.57 during 2023. As of December 31, 2024, unrecognized compensation cost related to nonvested shares totaled $1.8 million. This cost is expected to be recognized over a weighted-average period of 2.1 years.
The Company compensates the Board of Directors through a combination of stock and cash. During 2024, the Company paid out 6,768 of shares totaling $187,000. The Company paid out 7,475 shares totaling $203,000 during 2023. The expense associated with the stock payments to the Board of Directors is included in "other expense" in the Consolidated Income Statement.
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Note 15 - Commitments and Contingent Liabilities |
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| Commitments and Contingencies Disclosure [Text Block] |
In the ordinary course of business, various outstanding commitments and certain contingent liabilities are not reflected in the accompanying consolidated financial statements. These commitments and contingent liabilities represent financial instruments with off-balance-sheet risk. The contract or notional amounts of those instruments reflect the extent of involvement in particular types of financial instruments.
Commitments to Extend Credit which were composed of the following:
The commitments to extend credit involve, to varying degrees, elements of credit and interest rate risk over the amount recognized in the Consolidated Balance Sheet. The Company’s exposure to credit loss, in the event of nonperformance by the other parties to the financial instruments, is represented by the contractual amounts as disclosed. The Company minimizes its exposure to credit loss under these commitments by subjecting them to credit approval, review procedures, and collateral requirements as deemed necessary. Loan commitments generally have fixed expiration dates within one year of their origination.
Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. These instruments are issued primarily to support bid or performance-related contracts. The coverage period for these instruments is typically one year, with an annual renewal option subject to prior approval by management. Fees earned from the issuance of these letters are recognized over the coverage period. The collateral is typically bank deposit instruments or customer business assets for secured letters of credit.
Commitments to Fund
We have an investment in a low-income housing tax credit operating partnership. As a limited partner, we are allocated tax credits and deductions associated with the underlying properties. Our maximum exposure to loss in connection with the partnership consists of the unamortized investment balance plus any unfunded equity commitments and tax credits claimed but subject to recapture. The investment at December 31, 2024 and 2023 was $1.8 million and $2.0 million, respectively, and recorded in the Consolidated Balance Sheet in "accrued interest receivable and other assets". We do not have any loss reserves recorded since we believe the likelihood of loss is remote. The investment is amortized over the period that we expect to receive the tax benefits using the proportional method. In 2024 and 2023, we recognized $127,000 and $35,000 of amortization, respectively. At December 31, 2024 and 2023, we had an unfunded commitment of $1.5 million and $1.7 million, respectively, which is recorded in the Consolidated Balance Sheet in "".
Cannabis Industry
We provide deposit services to customers who are licensed by the State of Ohio to do business in (or are related to) the Division of Cannabis Control as growers, processors, and dispensaries. Marijuana businesses are regulated by the Ohio Department of Commerce and legal in the State of Ohio, although it is not legal at the federal level. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) published guidelines in 2014 for financial institutions servicing state-legal cannabis businesses. A financial institution that provides services to cannabis-related businesses can comply with Bank Secrecy Act (“BSA”) disclosure standards by following the FinCEN guidelines. We maintain stringent written policies and procedures related to the acceptance of such businesses and the monitoring and maintenance of such business accounts. We conduct a significant due diligence review of the cannabis business before the business is accepted as a new client, including confirmation that the business is properly licensed by the State of Ohio and state visits. Throughout the relationship, we continue monitoring the business to ensure that the business continues to meet our stringent requirements, including maintenance of required licenses and periodic financial reviews of the business.
While we believe we are operating in compliance with the FinCEN guidelines, there can be no assurance that federal enforcement guidelines will not change. Federal prosecutors have significant discretion, and there can be no assurance that the federal prosecutors will not choose to strictly enforce the federal laws governing cannabis. Any change in the Federal government’s enforcement position could cause us to immediately cease providing banking services to the cannabis industry. We are upfront with our customers regarding the fact that we may have to terminate our deposit services relationship if a change occurs with the Federal government’s position, and that the termination may come with little or no notice.
Litigation
As previously disclosed, a cyber-attack occurred in April 2023 that resulted in a temporary disruption to our computer systems. A cybersecurity firm investigated the nature and scope of the incident, evaluated our systems, and confirmed that nonpublic information relating to current and former employees, customers, and others was obtained from our systems.
On January 8, 2024, a customer filed a lawsuit against The Middlefield Banking Company in the U.S. District Court for the Northern District of Ohio related to the cyber-attack incident. A similar lawsuit was filed on January 10, 2024, against The Middlefield Banking Company in the Court of Common Pleas for Cuyahoga County, Ohio. The plaintiffs and class members in the two cases, who are current and former customers of the Bank, claim to have been harmed by alleged actions or inactions by the Bank in connection with the incident. The plaintiffs assert a variety of common law and statutory claims regarding the compromised nonpublic information and seek monetary damages, equitable and injunctive relief, pre-judgment and post-judgment interest, awards of actual and punitive damages, costs and attorneys’ fees, and other related relief. On March 28, 2024, the plaintiff in the case before the U.S. District Court for the Northern District of Ohio voluntarily dismissed their lawsuit against The Middlefield Banking Company without prejudice. The plaintiff in the Cuyahoga County lawsuit filed an amended complaint on August 8, 2024, to add an additional plaintiff. The amendment made no change to the relief sought in the original complaint.
On October 31, 2024, the plaintiffs filed with the Court of Common Pleas a motion for preliminary approval of class action settlement, with the Court granting preliminary approval of the class action settlement on November 6, 2024. On February 4, 2025, the plaintiffs submitted a motion for attorneys’ fees for class counsel. The Court of Common Pleas has scheduled a final approval hearing for April 1, 2025, to confirm the preliminary approval of the class action settlement and to determine the requested attorneys’ fee award.
Losses attributable to the April 2023 incident are within the coverage limits of the cyber risk insurance policy in place at that time. The policy has an aggregate limit of $3 million and a deductible of $50,000. The policy includes coverage for business loss, breach response, and liabilities that could occur as a result of a cyber event. Although we believe that our insurance policy will fully cover the losses associated with the lawsuit, it is possible that the losses could exceed the policy limit. We expect that any costs associated with the lawsuit, including attorney fees, adverse judgment or settlement, will be billed to and paid by the insurance company in accordance with the terms of the policy.
Leasing Commitments
The Company leases of its branch locations. As of December 31, 2024, net assets recorded under leases amounted to $3.6 million and have remaining lease terms of 2 years to 17 years. As of December 31, 2024, finance lease assets included in "premises and equipment, net" on the Consolidated Balance Sheet totaled $3.2 million and $3.5 million as of December 31, 2023, and operating lease assets included in "" on the Consolidated Balance Sheet totaled $400,000 and $560,000 as of December 31, 2024, and 2023, respectively. As of December 31, 2024, finance lease obligations included in "" on the Consolidated Balance Sheet totaled $3.4 million, and operating lease obligations included in "" on the Consolidated Balance Sheet totaled $406,000.
Lease costs incurred are as follows for the years ended December 31 (in thousands):
The following table displays the weighted-average term and discount rates for both operating and finance leases outstanding as of December 31, 2024:
The following table displays the undiscounted cash flows due related to operating and finance leases as of December 31, 2024, along with a reconciliation to the discounted amount recorded on the December 31, 2024 Consolidated Balance Sheet (in thousands):
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Note 16 - Regulatory Restrictions |
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| Notes to Financial Statements | |||
| Banking and Thrift Disclosure [Text Block] |
The Company is subject to the regulatory requirements of the Federal Reserve System as a bank holding company. The bank subsidiary is subject to regulations of the Federal Deposit Insurance Corporation (“FDIC”) and the Ohio Division of Financial Institutions.
The Federal Reserve Board and the FDIC have extensive authority to prevent and remedy unsafe and unsound practices and violations of applicable laws and regulations by institutions and holding companies. The agencies may assess civil money penalties, issue cease-and-desist or removal orders, seek injunctions, and publicly disclose those actions. In addition, the Ohio Division of Financial Institutions possesses enforcement powers to address violations of Ohio banking law by Ohio-chartered banks.
The Company is subject to the regulatory requirements of the Federal Reserve System as a bank holding company. The Bank is subject to regulations of the FDIC and the State of Ohio, Division of Financial Institutions.
Loans
Federal law prevents the Company from borrowing from the Bank unless specific obligations secure the loans. Further, such a secured loan is limited to 10% of the Bank’s common stock and capital surplus.
Dividends
The Bank is subject to dividend restrictions that generally limit the amount of dividends that an Ohio state-chartered bank can pay. Under the Ohio Banking Code, cash dividends may not exceed net profits as defined for that year combined with retained net profits for the two preceding years less any required transfers to surplus. Under this formula, the amount available for payment of dividends at December 31, 2024, approximates $13.2 million.
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Note 17 - Regulatory Capital |
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| Regulatory Capital Requirements under Banking Regulations [Text Block] |
Financial institution regulators have established guidelines for minimum capital ratios for banks and bank holding companies. The net unrealized gain or loss on available for sale securities is generally not included in computing regulatory capital. To avoid limitations on capital distributions, including dividend payments, the Bank and the Company must each hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. Within the tabular presentation that follows is the adequately capitalized ratio plus a 2.50% capital conservation buffer.
The Bank and the Company met each of the well-capitalized ratio guidelines as of December 31, 2024 and 2023. The following table indicates the capital ratios for the Bank and the Company as of December 31, 2024, and 2023, as well as the capital category threshold ratios for a well-capitalized, adequately capitalized plus the capital conservation buffer institution.
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Note 18 - Related Party Transaction |
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| Related Party Transactions Disclosure [Text Block] |
Loans to principal officers, directors, and their affiliates during 2024 and 2023 were as follows:
Deposits of related parties amount to $32.5 million and $33.1 million as of December 31, 2024 and 2023, respectively.
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Note 19 - Segment Reporting |
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| Segment Reporting Disclosure [Text Block] |
The Company has one business segment: Bank Segment. The Bank Segment provides customers with a broad range of banking services, including various deposit and lending products to consumer and commercial customers. The Company’s chief operating decision maker (CODM) is the Chief Executive Officer.
The following table shows selected financial data for the Bank Segment for the years ended December 31, 2024 and 2023. The accounting policies of the segment are the same as those described in Note 1 – Summary of Significant Accounting Policies. The information is derived from the internal financial reporting records that are used to monitor and manage the Company's financial performance. The segment expense categories are based on the information regularly provided to the CODM and are considered significant to the segment’s operations. The Bank Segment excludes the income, expenses, and total assets of the parent company, Middlefield Banc Corp, and the parent company’s nonbank asset resolution subsidiary, EMORECO, Inc., which are shown as reconciling items in the following table. There is no authoritative guidance for management accounting equivalent to GAAP, and therefore, the financial results of our business segment are not necessarily comparable with similar information presented by other companies.
The CODM utilizes net income as the primary measure to allocate resources during the annual budget process. This measure is used by CODM to evaluate the performance of the business segment, with a focus on net interest income, provision for credit losses, noninterest income, and noninterest expense. Net income is compared to both budgeted and comparative historical amounts on a monthly basis. Drivers of any significant variations from budget are assessed. The measure of segment assets is reported as total assets.
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Note 20 - Parent Company |
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| Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
Following are condensed financial statements of the Parent Company.
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Significant Accounting Policies (Policies) |
12 Months Ended |
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Dec. 31, 2024 | |
| Accounting Policies [Abstract] | |
| Basis of Accounting, Policy [Policy Text Block] | Principles of Consolidation and Basis of Presentation
The consolidated financial statements of Middlefield Banc Corp. ("Company") include its bank subsidiary, The Middlefield Banking Company (“MBC” or “Bank”), and a nonbank asset resolution subsidiary EMORECO, Inc. The consolidated financial statements also include the accounts of MBC’s subsidiaries, Middlefield Investments, Inc. (“MI”) and MB Insurance Services (“MIS”). All significant inter-company items have been eliminated.
On March 13, 2019, MBC established MI as an operating subsidiary to hold and manage an investment portfolio. On December 31, 2024, MI’s assets consist of a cash account, investments, and related accrued interest accounts. MI may only hold and manage investments and may not engage in any other activity without prior approval of the Ohio Division of Financial Institutions. In the first quarter of 2022, MBC established MIS as an operating subsidiary to offer retail and business customers various insurance services, including home, renters, automobile, pet, identity theft, travel, and professional liability insurance. On December 31, 2024, MIS assets consist of a cash account, a prepaid asset, and an accounts receivable. As a result of the bank merger of Liberty National Bank and MBC on December 1, 2022, Middlefield Banc Corp. acquired a 100% ownership interest in LBSI Insurance, LLC (“LBSI”), a wholly owned financial subsidiary of Liberty National Bank. LBSI did not operate after the merger, and its existence ended January 19, 2024. All significant intercompany items have been eliminated between MBC and these subsidiaries.
On December 1, 2022, the Company completed its merger with Liberty Bancshares, Inc. (“Liberty’), pursuant to a previously announced definitive merger agreement. Under the terms of the merger agreement, Liberty shareholders received 2.752 shares of the Company’s common stock in exchange for each share of Liberty common stock they owned immediately before the merger. The Company issued 2,561,513 shares of its common stock in the merger, and the aggregate merger consideration was approximately $73.3 million. Upon closing, Liberty’s bank subsidiary was merged into MBC, and Liberty’s full-service bank offices, in Ada and Kenton in Hardin County, Bellefontaine North and Bellefontaine South in Logan County, Marysville in Union County, and Westerville in Franklin County, became offices of MBC.
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| Use of Estimates, Policy [Policy Text Block] | Estimates
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.
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| Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents
The Company has defined cash and cash equivalents as those amounts included in the Consolidated Balance Sheet captions as “Cash and due from banks” and “Federal funds sold” with original maturities of less than 90 days.
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| Equity Method Investments [Policy Text Block] | Investments
Management determines the appropriate classification of investment securities at the time of purchase and re-evaluates such designation as of each balance sheet date.
Investment securities classified as available for sale are those securities that the Bank intends to hold for an indefinite period of time but not necessarily to maturity. Securities available for sale are carried at fair value. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Bank’s assets and liabilities, liquidity needs, regulatory capital considerations, and other similar factors. Unrealized gains or losses are reported as increases or decreases in other comprehensive income (loss), net of the deferred tax effect. Realized gains or losses, determined on the basis of the cost of the specific securities sold, are included in earnings. Premiums and discounts are recognized in interest income using the interest method over the terms of the securities.
Investment securities classified as held to maturity are those securities the Bank has both the intent and ability to hold to maturity regardless of changes in market conditions, liquidity needs, or changes in general economic conditions. These securities are carried at cost, adjusted for the amortization of premium and accretion of discount, and computed by a method that approximates the interest method over the terms of the securities. As of December 31, 2024, the Company did not hold any held-to-maturity securities.
Equity securities, which are included in "other investments" on the Consolidated Balance Sheet, are measured at fair value with changes in fair value recognized in net income.
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| Marketable Securities, Policy [Policy Text Block] | Allowance for Credit Losses – Investment Securities Available for Sale
The Bank adopted ASU No. 2016-13, Financial Instruments - Credit Loses - Topic (326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"), effective January 1, 2023. Financial statement amounts related to investment securities recorded as of December 31, 2024 and 2023 are presented in accordance with the accounting policies described in the following sections.
The Bank measures expected credit losses on available for sale investment securities when the Bank intends to sell, or when it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For available for sale investment securities that do not meet the aforementioned criteria, the Bank evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Bank considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists, and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. Economic forecast data is used to calculate the present value of expected cash flows. The Bank obtains its forecast data through a subscription to a widely recognized and relied-upon company that publishes various forecast scenarios. Management evaluates the various scenarios to determine a reasonable and supportable scenario and uses a single scenario in the model. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income.
The allowance for credit losses is included within "investment securities available for sale" on the Consolidated Balance Sheet, as applicable. Changes in the allowance for credit losses are recorded within the "provision for credit losses" on the Consolidated Income Statement. Losses are charged against the allowance when the Bank believes the collectability of an available for sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met.
Accrued interest receivable on available for sale investment securities is included within "accrued interest receivable and other assets" on the Consolidated Balance Sheet. This amount is excluded from the estimate of expected credit losses. Available for sale investment securities are typically classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When available for sale investment securities are placed on nonaccrual status, unpaid interest credited to income is reversed.
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| Financing Receivable [Policy Text Block] | Loans
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of unearned income, which includes net deferred loan fees and costs and unamortized premiums and discounts. Accrued interest receivable is included within "accrued interest receivable and other assets" on the Consolidated Balance Sheet. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loans’ yield (interest income). The Bank amortizes these amounts over the contractual life of the loan. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method. Interest income is primarily recognized on an accrual basis according to formulas in written contracts, such as loan agreements.
The loan portfolio is segmented into commercial and consumer loans. Commercial loans consist of the following classes: commercial construction, commercial and industrial loans, and commercial real estate loans. Consumer loans consist of the following classes: residential real estate loans, home equity loans, and consumer loans.
For all classes of loans, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for credit losses. Interest received on nonaccrual loans generally is either applied against the principal or reported as interest income on a cash basis, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past-due status of all classes of loans is determined based on contractual due dates for loan payments.
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| Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Credit Losses ("ACL") – Loans
The Bank adopted ASU 2016-13, effective January 1, 2023. Financial statement amounts related to loans recorded as of December 31, 2024 and 2023 are presented in accordance with the accounting policies described in the following sections. The guidance applies an expected-loss methodology, recognizing current expected credit losses for the remaining life of the asset at the time of origination or acquisition.
The allowance for credit losses ("ACL") is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off.
The ACL is an estimate of expected credit losses, measured over the contractual life of a loan that considers our historical loss experience, current conditions, and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period.
Management uses a discounted cash flow ("DCF") model to calculate the present value of the expected cash flows for pools of loans that share similar risk characteristics and compares the results of this calculation to the amortized cost basis to determine its ACL balance.
The contractual term used in projecting the cash flows of a loan is based on the maturity date of a loan and is adjusted for prepayment or curtailment assumptions, which may shorten that contractual time period. Options to extend are considered by management in determining the contractual term.
The key inputs to the DCF model are (1) probability of default, (2) loss given default, (3) prepayment and curtailment rates, (4) reasonable and supportable economic forecasts, (5) forecast reversion period, (6) expected recoveries on charged off loans, and (7) discount rate.
Probability of Default ("PD") In order to incorporate economic factors into forecasting within the DCF model, management elected to use the Loss Driver method to generate the PD rate inputs. The Loss Driver method analyzes how one or more economic factors change the default rate using statistical regression analysis. Management selected economic factors that have strong correlations to historical default rates.
Loss Given Default ("LGD") Management elected to use the Frye Jacobs parameter for determining the LGD input, which is an estimation technique that derives an LGD input from segment-specific risk curves that correlate LGD with PD.
Prepayment and Curtailment Rates Prepayment Rates: Loan-level transaction data is used to calculate semi-annual prepayment rates. These semi-annual rates are annualized, and the average of the annualized rates is used in the DCF calculation for fixed payments or term loans. Rates are calculated for each pool.
Curtailment Rates: Loan-level transaction data is used to calculate annual curtailment rates using available historical loan-level data. The average of the historical rates is used in the DCF model for interest-only payment or line-of-credit type loans. Rates are calculated for each pool.
Reasonable and Supportable Forecasts The forecast data used in the DCF model is obtained via a subscription to a widely recognized and relied-upon company that publishes various forecast scenarios. Management evaluates the various scenarios to determine a reasonable and supportable scenario.
Forecast Reversion Period Management uses forecasts to predict how economic factors will perform and has determined to use a four-quarter forecast period as well as an eight-quarter straight-line reversion period to historical averages (also commonly referred to as the mean reversion period).
Expected Recoveries on Charged-off Loans Management performs an analysis to estimate recoveries that could be reasonably expected based on historical experience in order to account for expected recoveries on loans that have already been fully charged off and are not included in the ACL calculation.
Discount Rate The effective interest rate of the underlying loans of the Company serves as the discount rate applied to the expected periodic cash flows. Management adjusts the effective interest rate used to discount expected cash flows to incorporate expected prepayments.
Individual Evaluation Management evaluates individual instruments for expected credit losses when those instruments do not share similar risk characteristics with instruments evaluated using a collective (pooled) basis. These instruments will not be included in the collective analyses. The individual analysis will establish a specific reserve for instruments in scope.
The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. 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 CRE loan segments consist of loans made to finance the activities of CRE owners and operators and certain agricultural loans. The RRE 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 and certain agricultural loans. The consumer loan segment consists primarily of installment loans and overdraft lines of credit connected with customer deposit accounts.
Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. The qualitative adjustments for current conditions are based upon 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, concentrations of credit from a loan type, industry, and/or geographic standpoint. These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve.
The Bank has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on nonaccrual status, any outstanding accrued interest is reversed against interest income. Accrued interest receivable is included within accrued interest receivable and other assets on the Consolidated Balance Sheet.
The ACL calculation for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and should, therefore, be individually assessed. The Bank automatically considers all non-accrual loans greater than $250,000 for individual analysis. Additional identification of loans to be individually evaluated is accomplished through the Bank’s normal loan review, criticized asset review, and portfolio management processes. The Bank previously evaluated all commercial loans greater than $150,000 for individual analysis that met the following criteria: 1) when it is determined that foreclosure is probable, 2) substandard, doubtful, and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, and 3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate, 2) the loan’s observable market price, or 3) the fair value of the collateral when the loan is collateral dependent. Management considers a financial asset as collateral dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral, based on management's assessment as of the reporting date. Measurement of the expected credit losses on collateral-dependent loans is based on the fair value of the collateral, less any costs to sell. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance. Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Bank does not separately identify individual residential real estate loans, home equity loans, and consumer loans for impairment disclosures.
Allowance for Credit Losses on Off-Balance Sheet Credit Exposures
The Bank adopted ASU No. 2016-13 effective January 1, 2023. The Bank estimates expected credit losses over the contractual period in which the Bank is exposed to credit risk via a contractual obligation to extend credit unless that obligation is unconditionally cancellable by the Bank. The allowance for credit losses on off-balance sheet credit exposures is included in "accrued interest payable and other liabilities" on the Consolidated Balance Sheet and adjusted through the provision for credit losses. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life, consistent with the estimation process on the loan portfolio.
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| Stockholders' Equity, Policy [Policy Text Block] | Restricted Stock
Common stock of the FHLB represents ownership in an institution that is wholly owned by other financial institutions. This equity security is accounted for at cost and classified with "accrued interest and other assets" in the Consolidated Balance Sheet. The FHLB of Cincinnati has reported profits for 2024 and 2023, remains in compliance with regulatory capital and liquidity requirements, and continues to pay dividends on the stock and make redemptions at the par value. Considering these factors, management concluded that the stock was not impaired on December 31, 2024, or 2023.
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| Mortgage Banking Activity [Policy Text Block] | Mortgage Banking Activities
The Bank sells residential mortgage loans on a servicing retained basis. Servicing rights are initially recorded at fair value. The Bank measures servicing assets using the amortization method. Loan servicing rights are amortized in proportion to and throughout estimated net future servicing revenue. The expected period of the estimated net servicing income is partly based on the expected prepayment of the underlying mortgages. The unamortized balance of mortgage servicing rights is included in "accrued interest and other assets" on the Consolidated Balance Sheet.
Servicing fee income is recorded for fees earned for servicing loans and included in "other income" in the Consolidated Income Statement. The fees are based on a contractual percentage of outstanding principal and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. Late fees and ancillary fees related to loan servicing are not material. The Bank is servicing loans for others in the amount of $197.4 million and $210.3 million on December 31, 2024, and 2023, respectively.
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| Property, Plant and Equipment, Policy [Policy Text Block] | Premises and Equipment
Land is carried at cost. Premises and equipment are stated at cost net of accumulated depreciation. Depreciation is computed on the straight-line method over the assets' estimated useful lives, which range from to 20 years for furniture, fixtures, and equipment and 3 to 40 years for buildings and leasehold improvements. Expenditures for maintenance and repairs are charged against income as incurred. Costs of significant additions and improvements are capitalized.
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| Lessee, Leases [Policy Text Block] | Leases
The Company has operating and financing leases for several branch locations and office space. Generally, the underlying lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company may also lease specific office equipment under operating leases. Many of our leases include both lease (e.g., minimum rent payments) and non-lease components (e.g., common-area or other maintenance costs). The Company accounts for each element separately based on the standalone price of each component. Operating and financing leases with lease terms of less than one year are excluded from our right-of-use assets and lease liabilities. Operating and financing lease expense are recognized in "occupancy expense" and "equipment expense" in the Consolidated Income Statement on a straight-line basis over the lease term.
Most leases include one or more options to renew. The exercise of lease renewal options is typically at the sole discretion of management. It is based on whether the extension options are reasonably certain to be exercised after giving proper consideration to all facts and circumstances of the lease. If management determines that the Company is reasonably sure to exercise the extension option(s), the additional term is included in the calculation of the right-of-use asset and a lease liability.
As most of our leases do not provide an implicit rate, we use the fully collateralized FHLB borrowing rate commensurate with the lease terms based on the information available at the lease commencement date in determining the present value of the lease payments.
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| Business Combinations Policy [Policy Text Block] | Business Combinations
Business combinations are accounted for under the acquisition method of accounting. Acquired assets, including separately identifiable intangible assets, and assumed liabilities are recorded at their acquisition-date fair values. The excess of the cost of acquisition over the fair values is recognized as goodwill. During the measurement period, which cannot exceed one year from the acquisition date, changes to estimated fair values are recognized as an adjustment to goodwill. Certain transaction costs are expensed as incurred.
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| Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill
Goodwill represents the amount by which the cost of net assets acquired in a business combination exceeds their fair value. Goodwill is not amortized and is tested for impairment, at least annually as of October 1, or when indicators of impairment exist. We have elected to perform qualitative assessment for testing the impairment of goodwill. If we elect to bypass this qualitative assessment or conclude as a result of the qualitative assessment that it is more likely than not that the fair value is less than its carrying value, a quantitative impairment test will be performed. If the fair value is less than carrying value, an impairment charge is recorded for the difference. |
| Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block] | Intangible Assets
Intangible assets include core deposit intangibles, which measure the value of consumer demand and savings deposits acquired in business combinations accounted for as purchases. The core deposit intangibles are amortized over their expected useful lives, commonly years, on a straight-line basis. The recoverability of the carrying value of intangible assets is evaluated on an ongoing basis, and permanent declines in value, if any, are charged to expense.
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| Life Insurance Corporate or Bank Owned [Policy Text Block] | Bank-Owned Life Insurance (“BOLI”)
The Company owns insurance on the lives of a specific group of key employees. The policies were purchased to help offset the increase in the costs of various fringe benefit plans, including healthcare. The cash surrender value of these policies is included as an asset on the Consolidated Balance Sheet, and any increases in the cash surrender value are recorded as noninterest income on the Consolidated Income Statement. In the event of the death of an insured individual under these policies, the Company would receive a death benefit, which would be recorded as tax-free noninterest income.
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| Real Estate, Policy [Policy Text Block] | Other Real Estate Owned (“OREO”)
Real estate properties acquired through foreclosure are initially recorded at fair value at the foreclosure date, establishing a new cost basis. After foreclosure, the real estate is carried at the lower of cost or fair value less estimated cost to sell. Revenue and expenses from operations of the properties, gains or losses on sales, and additions to the valuation allowance are included in operating results. At December 31, 2024 and 2023, the Company reported $352,000 and $228,000, respectively, in residential real estate loans in the process of foreclosure.
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| Fair Value Measurement, Policy [Policy Text Block] | Fair Value
Fair value is defined as the price to sell an asset or transfer a liability in an orderly transaction between market participants in the principal market. It represents an exit price at the measurement date. Valuation inputs can be observable or unobservable. All inputs, whether observable or unobservable, are ranked in accordance with a prescribed fair value hierarchy that gives the highest ranking to quoted prices in active markets for identification assets or liabilities (Level 1) and the lowest ranking to unobservable inputs (Level 3). Fair values for Level 2 assets and liabilities are based on a combination of one or more of the following factors: (1) quoted market prices for similar assets or liabilities, (2) observable inputs, such as interest rates or yield curves, or (3) inputs derived principally from or corroborated by observable market data. The level in the fair value hierarchy assigned to a fair value measurement is based on the lowest level input that is significant to the measurement. Assets and liabilities may transfer between levels based on the observable and unobservable inputs used at the valuation date.
Assets and liabilities are recorded at fair value on a recurring or nonrecurring basis. Nonrecurring fair value adjustments are typically recorded with the application of lower of cost or fair value accounting or impairment.
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| Income Tax, Policy [Policy Text Block] | Income Taxes
The Company and its subsidiaries file a consolidated federal income tax return. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. The net balance of deferred tax assets and liabilities is reported in "accrued interest receive and other assets" or "accrued interest payable and other liabilities" in the Consolidated Balance Sheet, as appropriate. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.
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| Revenue from Contract with Customer [Policy Text Block] | Fee-based Services Revenue Recognition
Refer to Note 2 - Revenue Recognition. |
| Share-Based Payment Arrangement [Policy Text Block] | Stock-Based Compensation
The Company accounts for stock-based compensation based on the grant date fair value of all share-based payment awards expected to vest, including employee share options. Compensation cost is recognized for restricted stock issued to employees based on the fair value of these awards at the grant date. The market price of the Company’s common shares at the grant date is used to estimate the fair value of restricted stock and stock awards. Stock-based compensation cost for awards granted to employees is recognized over the required service period, generally defined as the vesting period, and is recorded in "salaries and employee benefits" expense in the Consolidated Income Statement, while the expense related to awards granted to directors is recorded in "other expense". (See Note 14 - Employee Benefits). One of the Company’s restricted stock plans allows for a portion of the value to be received in cash by the participant upon vesting. Therefore, the Company records the expense as a liability until the shares vest and the split of the payment between shares and cash can be determined. The Company also measures the fair value of the liability each reporting period and adjusts accordingly. Another of the Company's restricted stock plans settles in shares upon vesting, and the related expense is recorded through additional paid-in capital.
The Company has performance-based restricted stock units whereby the vesting in the granted awards is contingent on certain internal and external financial performance factors. The fair value of these stock units is estimated using a Monte Carlo simulation, as further discussed in Note 14 - Employee Benefits.
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| Advertising Cost [Policy Text Block] | Advertising Costs
Advertising costs are expensed as incurred. |
| Treasury Stock [Policy Text Block] | Treasury Stock
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. |
| Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share
The Company provides a dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated utilizing net income as reported in the numerator and average shares outstanding in the denominator. The computation of diluted earnings per share differs in that the dilutive effects of any stock options, warrants, and convertible securities are adjusted in the denominator. Earnings and dividends per share are restated for all stock splits and stock dividends through the date of issuance of the financial statements. |
| 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 affect net income or retained earnings. |
| New Accounting Pronouncements, Policy [Policy Text Block] | Accounting Pronouncements Adopted in 2024
In March 2023, the FASB issued ASU 2023-02, Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. The amendments allow entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related tax credits. This method of accounting had been available only for qualifying investments in qualified affordable housing projects. The guidance also requires certain disclosures regarding an entity’s tax equity investments. The amendments in this ASU are effective for all entities for fiscal years beginning after December 15, 2023. This ASU did not have a significant impact on the Company’s financial statements.
In January 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, March 2020, to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (SOFR). Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls “reference rate reform” if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Also, entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform if certain criteria are met, and can make a one-time election to sell and/or reclassify held-to-maturity debt securities that reference an interest rate affected by reference rate reform. ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 Issued December 2022, which was issued in December 2022, extended the period of time entities can utilize the reference rate reform relief guidance under ASU 2020-04 from December 31, 2022 to December 31, 2024. The ASUs did not have a significant impact on the Company’s financial statements.
In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The amendment clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit account of the equity security and is not considered in measuring its fair value. The ASU clarifies that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. The ASU also requires certain disclosures for equity securities subject to contractual sale restrictions. The amendments in this ASU are effective for all entities for fiscal years beginning after December 15, 2023. This ASU did not have a significant impact on the Company’s financial statements.
In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU requires enhanced disclosures about significant segment expenses for public entities reporting segment information under ASC Topic 280. The amendments include required disclosure of significant segment expenses regularly reviewed by the chief operating decision maker, description of the composition of other segment items, and title and position of the chief operating decision maker. Additionally, the ASU requires public entities to provide all annual disclosures under Topic 280 in interim periods. The ASU also requires that public entities with a single reportable segment provide all the disclosures required by this amendment and existing disclosure requirements in Topic 820. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company has a single reportable segment. The disclosure requirements under the ASU have been incorporated in Note 19 - Segment Reporting.
Recent Accounting Pronouncements
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The amendments require entities to disclose specific categories in the rate reconciliation and provide additional information for material reconciling items. The ASU also requires the disclosure of income taxes paid disaggregated by jurisdiction. The amendments in this ASU are effective for public business entities for annual periods beginning after December 15, 2024. This ASU is not expected to have a significant impact on the Company’s financial statements.
In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Topic 220-40): Disaggregation of Income Statement Expenses. The guidance requires public companies to disclose additional information about certain types of costs and expenses. The amendment should be applied on a prospective or retrospective basis. The amendments in this ASU are effective for annual periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. This ASU is not expected to have a significant impact on the Company’s financial statements.
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Note 2 - Revenue Recognition (Tables) |
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Note 3 - Earnings Per Share (Tables) |
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Note 5 - Fair Value Measurements (Tables) |
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| Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
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| Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
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| Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
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| Fair Value, by Balance Sheet Grouping [Table Text Block] |
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Note 6 - Investment and Equity Securities (Tables) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] |
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| Investments Classified by Contractual Maturity Date [Table Text Block] |
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| Gain (Loss) on Securities [Table Text Block] |
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Note 7 - Loans and Related Allowance for Credit Losses (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule Of Financing Receivable By Segment [Table Text Block] |
|
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| Financing Receivable, Current, Allowance for Credit Loss [Table Text Block] |
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| Financing Receivable Credit Quality Indicators [Table Text Block] |
|
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| Schedule of Collateral Dependent Loans [Table Text Block] |
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| Financing Receivable, Past Due [Table Text Block] |
|
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| Financing Receivable, Nonaccrual [Table Text Block] |
|
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| Financing Receivable, Modified [Table Text Block] |
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Note 8 - Premises and Equipment (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Table Text Block] |
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Note 9 - Goodwill and Intangible Assets (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Goodwill [Table Text Block] |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
|
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| Servicing Asset at Amortized Cost [Table Text Block] |
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Note 10 - Deposits (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||
| Time Deposit Maturities [Table Text Block] |
|
Note 11 - Short-term Borrowings (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Short-Term Debt [Table Text Block] |
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Note 12 - Other Borrowings (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Debt [Table Text Block] |
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Note 13 - Income Taxes (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
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| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
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| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
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Note 14 - Employee Benefits (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nonvested Restricted Stock Shares Activity [Table Text Block] |
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| Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
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Note 15 - Commitments and Contingent Liabilities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Commitments [Table Text Block] |
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| Lease, Cost [Table Text Block] |
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| Lease, Term and Discount Rate [Table Text Block] |
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| Operating and Finance Lease, Liability, Maturity [Table Text Block] |
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Note 17 - Regulatory Capital (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] |
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Note 18 - Related Party Transaction (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Related Party Transactions [Table Text Block] |
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Note 19 - Segment Reporting (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Schedule of Segment Reporting Information, by Segment [Table Text Block] |
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Note 20 - Parent Company (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Condensed Balance Sheet [Table Text Block] |
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| Condensed Income Statement [Table Text Block] |
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| Condensed Cash Flow Statement [Table Text Block] |
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Note 1 - Summary of Significant Accounting Policies (Details Textual) |
Dec. 01, 2022
USD ($)
shares
|
Dec. 31, 2024
USD ($)
|
Jun. 30, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
Dec. 31, 2022 |
|---|---|---|---|---|---|
| Servicing Asset at Fair Value, Amount | $ 197,400,000 | $ 210,300,000 | |||
| Mortgage Loans in Process of Foreclosure, Amount | $ 352,000 | $ 228,000 | |||
| Core Deposits [Member] | |||||
| Finite-Lived Intangible Asset, Useful Life (Year) | 10 years | 10 years | |||
| Minimum [Member] | Furniture and Fixtures [Member] | |||||
| Property, Plant and Equipment, Useful Life (Year) | 3 years | ||||
| Minimum [Member] | Building and Building Improvements [Member] | |||||
| Property, Plant and Equipment, Useful Life (Year) | 3 years | ||||
| Maximum [Member] | Furniture and Fixtures [Member] | |||||
| Property, Plant and Equipment, Useful Life (Year) | 20 years | ||||
| Maximum [Member] | Building and Building Improvements [Member] | |||||
| Property, Plant and Equipment, Useful Life (Year) | 40 years | ||||
| Commercial Portfolio Segment [Member] | Minimum [Member] | |||||
| Financing Receivable, before Allowance for Credit Loss, Fee and Loan in Process | $ 250,000 | $ 150,000 | |||
| LBSI Insurance, LLC [Member] | |||||
| Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | ||||
| Liberty Bancshares Inc [Member] | |||||
| Business Combination, Amount Shares Issued to Acquiree's Shareholders Per Share (in shares) | shares | 2.752 | ||||
| Stock Issued During Period, Shares, Acquisitions (in shares) | shares | 2,561,513 | ||||
| Business Combination, Consideration Transferred, Total | $ 73,300,000 | ||||
| Number of Branches | 6 |
Note 2 - Revenue Recognition (Details Textual) |
12 Months Ended |
|---|---|
Dec. 31, 2024 | |
| Revenue from Interest Income and Noninterest Income, Percent | 94.40% |
Note 2 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Loss on equity securities | [1] | $ (9,000) | $ (161,000) | |
| Loss on sale of other real estate owned | [1] | 0 | (170,000) | |
| Earnings on bank-owned life insurance | [1] | 930,000 | 823,000 | |
| Gain on sale of loans | [1] | 199,000 | 97,000 | |
| Revenue from investment services | 916,000 | 743,000 | ||
| Miscellaneous fee income | 403,000 | 380,000 | ||
| Gross rental income | [1] | 68,000 | 421,000 | |
| Other income | 799,000 | 680,000 | ||
| Total noninterest income | 7,213,000 | 6,691,000 | ||
| Overdraft Fees [Member] | ||||
| Noninterest income revenue | 1,001,000 | 995,000 | ||
| ATM Banking Fees [Member] | ||||
| Noninterest income revenue | 1,899,000 | 1,928,000 | ||
| Service Charge and Other Fees [Member] | ||||
| Noninterest income revenue | $ 1,007,000 | $ 955,000 | ||
| ||||
Note 3 - Earnings Per Share (Details Textual) - shares |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Treasury Stock, Common, Shares (in shares) | 1,879,310 | 1,835,452 |
| Treasury Stock, Shares, Acquired (in shares) | 43,858 | 164,221 |
| Restricted Stock [Member] | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in shares) | 109,831 | 78,573 |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 99,033 | 55,790 |
Note 3 - Earnings Per Share - Shares Used in Calculation of Earnings Per Share (Details) - shares |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Weighted-average common shares outstanding (in shares) | 9,947,420 | 9,925,689 |
| Average treasury stock shares (in shares) | (1,872,120) | (1,822,459) |
| Weighted-average common shares and common stock equivalents used to calculate basic earnings per share (in shares) | 8,075,300 | 8,103,230 |
| Additional common stock equivalents (stock options and restricted stock) used to calculate diluted earnings per share (in shares) | 10,798 | 22,783 |
| Weighted-average common shares and common stock equivalents used to calculate diluted earnings per share (in shares) | 8,086,098 | 8,126,013 |
Note 4 - Accumulated Other Comprehensive (Loss) Income (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | $ 0 | $ 0 |
Note 4 - Accumulated Other Comprehensive (Loss) Income - Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax (Details) - USD ($) $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Balance | $ 205,681 | $ 197,691 | ||
| Other comprehensive loss | (3,983) | 6,054 | ||
| Balance | 210,562 | 205,681 | ||
| AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | ||||
| Balance | (16,090) | (22,144) | ||
| Other comprehensive loss | [1] | (3,983) | 6,054 | |
| Balance | $ (20,073) | $ (16,090) | ||
| ||||
Note 5 - Fair Value Measurements (Details Textual) - USD ($) |
1 Months Ended | 12 Months Ended | |
|---|---|---|---|
Dec. 31, 2006 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Estimated Selling Costs of Impaired Loans | $ 968,000 | $ 843,000 | |
| Mandatorily Redeemable Securities | $ 8,000,000 | ||
| Notes Payable, Other Payables [Member] | |||
| Debt Instrument, Basis Spread on Variable Rate | 1.67% | 1.67% | |
| Other Borrowings [Member] | |||
| Notes Payable, Total | $ 8,200,000 | $ 8,200,000 | |
Note 5 - Fair Value Measurements - Assets Measured on a Recurring Basis (Details) - USD ($) |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Total debt securities | $ 165,802,000 | $ 170,779,000 |
| Equity securities | 855,000 | 955,000 |
| Investment securities available for sale, at fair value | 165,802,000 | 170,779,000 |
| Subordinated Debt Securities [Member] | ||
| Total debt securities | 32,469,000 | 31,919,000 |
| Investment securities available for sale, at fair value | 32,469,000 | 31,919,000 |
| Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | ||
| Total debt securities | 8,367,000 | 6,318,000 |
| Investment securities available for sale, at fair value | 8,367,000 | 6,318,000 |
| Fair Value, Recurring [Member] | ||
| Total debt securities | 165,802,000 | 170,779,000 |
| Equity securities | 753,000 | 814,000 |
| Total | 166,555,000 | 171,593,000 |
| Investment securities available for sale, at fair value | 165,802,000 | 170,779,000 |
| Fair Value, Recurring [Member] | Subordinated Debt Securities [Member] | ||
| Total debt securities | 32,469,000 | 31,919,000 |
| Investment securities available for sale, at fair value | 32,469,000 | 31,919,000 |
| Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
| Total debt securities | 124,966,000 | 132,542,000 |
| Investment securities available for sale, at fair value | 124,966,000 | 132,542,000 |
| Fair Value, Recurring [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | ||
| Total debt securities | 8,367,000 | 6,318,000 |
| Investment securities available for sale, at fair value | 8,367,000 | 6,318,000 |
| Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
| Total debt securities | 0 | 0 |
| Equity securities | 753,000 | 814,000 |
| Total | 753,000 | 814,000 |
| 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 Security, Issued by US Government-Sponsored Enterprise [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 | 159,163,000 | 161,978,000 |
| Equity securities | 0 | 0 |
| Total | 159,163,000 | 161,978,000 |
| Investment securities available for sale, at fair value | 159,163,000 | 161,978,000 |
| Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Subordinated Debt Securities [Member] | ||
| Total debt securities | 25,830,000 | 23,118,000 |
| Investment securities available for sale, at fair value | 25,830,000 | 23,118,000 |
| Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
| Total debt securities | 124,966,000 | 132,542,000 |
| Investment securities available for sale, at fair value | 124,966,000 | 132,542,000 |
| Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | ||
| Total debt securities | 8,367,000 | 6,318,000 |
| Investment securities available for sale, at fair value | 8,367,000 | 6,318,000 |
| Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
| Total debt securities | 6,639,000 | 8,801,000 |
| Equity securities | 0 | 0 |
| Total | 6,639,000 | 8,801,000 |
| Investment securities available for sale, at fair value | 6,639,000 | 8,801,000 |
| Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Subordinated Debt Securities [Member] | ||
| Total debt securities | 6,639,000 | 8,801,000 |
| Investment securities available for sale, at fair value | 6,639,000 | 8,801,000 |
| 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 Security, Issued by US Government-Sponsored Enterprise [Member] | ||
| Total debt securities | 0 | 0 |
| Investment securities available for sale, at fair value | $ 0 | $ 0 |
Note 5 - Fair Value Measurements - Fair Value Reconciliation of Level 3 Assets (Details) - Subordinated Debt Obligations [Member] - USD ($) $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Beginning of year | $ 8,801 | $ 8,737 | ||
| Purchases | 0 | 1,000 | ||
| Transfers out of Level III (1) | [1] | (2,250) | (1,000) | |
| Net change in unrealized loss on investment securities available-for-sale | 88 | 64 | ||
| End of year | $ 6,639 | $ 8,801 | ||
| ||||
Note 5 - Fair Value Measurements - Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Collateral-dependent loans | $ 3,321 | $ 3,361 |
| Fair Value, Inputs, Level 1 [Member] | ||
| Collateral-dependent loans | 0 | 0 |
| Fair Value, Inputs, Level 2 [Member] | ||
| Collateral-dependent loans | 0 | 0 |
| Fair Value, Inputs, Level 3 [Member] | ||
| Collateral-dependent loans | $ 3,321 | $ 3,361 |
Note 5 - Fair Value Measurements - Additional Quantitative Information About Assets Measured at Fair Value on Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - Fair Value, Inputs, Level 3 [Member] - Appraisal of Collateral [Member] $ in Thousands |
Dec. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
|---|---|---|
| Collateral-dependent loans | $ 3,321 | $ 3,361 |
| Measurement Input, Appraised Value [Member] | Minimum [Member] | ||
| Collateral-dependent loans, range | 0.201 | |
| Measurement Input, Appraised Value [Member] | Weighted Average [Member] | ||
| Collateral-dependent loans, range | 0.239 |
Note 5 - Fair Value Measurements - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Financial assets: | ||
| Servicing Asset at Fair Value, Amount | $ 197,400 | $ 210,300 |
| Reported Value Measurement [Member] | ||
| Financial assets: | ||
| Net loans | 1,497,167 | 1,456,437 |
| Servicing Asset at Fair Value, Amount | 1,497 | 1,636 |
| Financial liabilities: | ||
| Non-maturing deposits | 1,197,989 | 1,092,287 |
| Time deposits | 247,704 | 334,315 |
| Other borrowings | 11,660 | 11,862 |
| Estimate of Fair Value Measurement [Member] | ||
| Financial assets: | ||
| Net loans | 1,462,650 | 1,370,657 |
| Servicing Asset at Fair Value, Amount | 2,522 | 2,781 |
| Financial liabilities: | ||
| Non-maturing deposits | 1,197,989 | 1,092,287 |
| Time deposits | 245,999 | 331,638 |
| Other borrowings | 11,660 | 11,862 |
| Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
| Financial assets: | ||
| Net loans | 0 | 0 |
| Servicing Asset at Fair Value, Amount | 0 | 0 |
| Financial liabilities: | ||
| Non-maturing deposits | 1,197,989 | 1,092,287 |
| Time deposits | 0 | 0 |
| Other borrowings | 0 | 0 |
| Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
| Financial assets: | ||
| Net loans | 0 | 0 |
| Servicing Asset at Fair Value, Amount | 0 | 0 |
| Financial liabilities: | ||
| Non-maturing deposits | 0 | 0 |
| Time deposits | 0 | 0 |
| Other borrowings | 0 | 0 |
| Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
| Financial assets: | ||
| Net loans | 1,462,650 | 1,370,657 |
| Servicing Asset at Fair Value, Amount | 2,522 | 2,781 |
| Financial liabilities: | ||
| Non-maturing deposits | 0 | 0 |
| Time deposits | 245,999 | 331,638 |
| Other borrowings | $ 11,660 | $ 11,862 |
Note 6 - Investment and Equity Securities (Details Textual) |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
|||
| Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss | $ 1,500,000 | $ 1,600,000 | ||
| Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | 39 | |||
| Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 163 | |||
| Equity Securities, FV-NI, Current | $ 855,000 | 955,000 | ||
| Equity Securities, FV-NI, Unrealized Gain (Loss) | [1] | (9,000) | (161,000) | |
| Equity Securities, FV-NI, Realized Gain (Loss) | $ 71,000 | $ 0 | ||
| Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] | Interest Receivable and Other Assets | Interest Receivable and Other Assets | ||
| Asset Pledged as Collateral [Member] | Deposits [Member] | ||||
| Financial Instruments, Owned, at Fair Value | $ 112,100,000 | $ 118,800,000 | ||
| ||||
Note 6 - Investment and Equity Securities- Amortized Cost and Fair Values of Securities Available for Sale (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||
|---|---|---|---|---|---|---|---|---|
| Amortized cost | $ 191,211 | [1] | $ 191,146 | [2] | ||||
| Gross unrealized gains | 72 | 223 | ||||||
| Gross unrealized losses | (25,481) | (20,590) | ||||||
| Investment securities available for sale, at fair value | 165,802 | 170,779 | ||||||
| Subordinated Debt Securities [Member] | ||||||||
| Amortized cost | 34,300 | [1] | 34,300 | [2] | ||||
| Gross unrealized gains | 67 | 70 | ||||||
| Gross unrealized losses | (1,898) | (2,451) | ||||||
| Investment securities available for sale, at fair value | 32,469 | 31,919 | ||||||
| Nontaxable Municipal Bonds [Member] | ||||||||
| Amortized cost | 147,767 | [1] | 149,881 | [2] | ||||
| Gross unrealized gains | 4 | 153 | ||||||
| Gross unrealized losses | (22,805) | (17,492) | ||||||
| Investment securities available for sale, at fair value | 124,966 | 132,542 | ||||||
| Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | ||||||||
| Amortized cost | 9,144 | [1] | 6,965 | [2] | ||||
| Gross unrealized gains | 1 | 0 | ||||||
| Gross unrealized losses | (778) | (647) | ||||||
| Investment securities available for sale, at fair value | $ 8,367 | $ 6,318 | ||||||
| ||||||||
Note 6 - Investment and Equity Securities - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||
|---|---|---|---|---|---|---|---|---|
| Due in one year or less, amortized costs | $ 590 | |||||||
| Due in one year or less, fair value | 590 | |||||||
| Due after one year through five years, amortized costs | 6,177 | |||||||
| Due after one year through five years, fair value | 5,991 | |||||||
| Due after five years through ten years, amortized costs | 57,369 | |||||||
| Due after five years through ten years, fair value | 54,247 | |||||||
| Due after ten years, amortized costs | 127,075 | |||||||
| Due after ten years, fair value | 104,974 | |||||||
| Amortized costs | 191,211 | [1] | $ 191,146 | [2] | ||||
| Fair Value | $ 165,802 | $ 170,779 | ||||||
| ||||||||
Note 6 - Investment and Equity Securities - Gross Unrealized Losses and Fair Value (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Less than Twelve Months, Fair Value | $ 28,074 | $ 2,575 |
| Less than Twelve Months, Gross Unrealized Losses | (904) | (17) |
| Twelve Months or Greater, Fair Value | 128,372 | 141,556 |
| Twelve Months or Greater, Gross Unrealized Losses | (24,577) | (20,573) |
| Total, Fair Value | 156,446 | 144,131 |
| Total, Gross Unrealized Losses | (25,481) | (20,590) |
| Subordinated Debt Securities [Member] | ||
| Less than Twelve Months, Fair Value | 10,632 | 994 |
| Less than Twelve Months, Gross Unrealized Losses | (368) | (6) |
| Twelve Months or Greater, Fair Value | 20,770 | 29,356 |
| Twelve Months or Greater, Gross Unrealized Losses | (1,530) | (2,445) |
| Total, Fair Value | 31,402 | 30,350 |
| Total, Gross Unrealized Losses | (1,898) | (2,451) |
| Nontaxable Municipal Bonds [Member] | ||
| Less than Twelve Months, Fair Value | 15,456 | 1,386 |
| Less than Twelve Months, Gross Unrealized Losses | (487) | (10) |
| Twelve Months or Greater, Fair Value | 102,484 | 106,078 |
| Twelve Months or Greater, Gross Unrealized Losses | (22,318) | (17,482) |
| Total, Fair Value | 117,940 | 107,464 |
| Total, Gross Unrealized Losses | (22,805) | (17,492) |
| Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | ||
| Less than Twelve Months, Fair Value | 1,986 | 195 |
| Less than Twelve Months, Gross Unrealized Losses | (49) | (1) |
| Twelve Months or Greater, Fair Value | 5,118 | 6,122 |
| Twelve Months or Greater, Gross Unrealized Losses | (729) | (646) |
| Total, Fair Value | 7,104 | 6,317 |
| Total, Gross Unrealized Losses | $ (778) | $ (647) |
Note 7 - Loans and Related Allowance for Credit Losses (Details Textual) - USD ($) |
12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
|||||||
| Financing Receivable, Accrued Interest, after Allowance for Credit Loss | $ 5,500,000 | $ 5,500,000 | |||||||
| Financing Receivable, Deferred Commitment Fee | 8,200,000 | 9,200,000 | |||||||
| Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease) | $ 754,000 | ||||||||
| Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease), Percentage | 3.50% | ||||||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | $ 1,519,614,000 | 1,478,130,000 | ||||||
| Financing Receivable, Nonaccrual, Interest Income | 2,300,000 | 689,000 | |||||||
| Financing Receivable, Allowance for Credit Loss | 22,447,000 | [1],[2] | 21,693,000 | [1],[2] | $ 14,438,000 | ||||
| Provision for Loan, Lease, and Other Losses | $ 2,190,000 | $ 1,842,000 | |||||||
| Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] | Interest Receivable and Other Assets | Interest Receivable and Other Assets | |||||||
| Threshold For Loans Evaluated For Impairment [Member] | |||||||||
| Financing Receivable, before Allowance for Credit Loss, Total | $ 750,000 | ||||||||
| Threshold For Loans Evaluated For Impairment [Member] | Criticized Relationships [Member] | |||||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 150,000 | ||||||||
| Unfunded Loan Commitment [Member] | |||||||||
| Financing Receivable, Allowance for Credit Loss | 1,600,000 | $ 1,800,000 | |||||||
| Provision for Loan, Lease, and Other Losses | $ 182,000 | $ 1,800,000 | |||||||
| |||||||||
Note 7 - Loans and Related Allowance for Credit Losses - Primary Segments of the Loan Portfolio (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Loans | [1],[2] | $ 1,519,614 | $ 1,478,130 | ||||||
| Less: Allowance for credit losses | (22,447) | [1],[2] | (21,693) | [1],[2] | $ (14,438) | ||||
| Net loans | [1],[2] | 1,497,167 | 1,456,437 | ||||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | |||||||||
| Loans | [1],[2] | 181,447 | 183,545 | ||||||
| Less: Allowance for credit losses | (2,100) | (2,668) | (2,203) | ||||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | |||||||||
| Loans | [1],[2] | 412,291 | 401,580 | ||||||
| Less: Allowance for credit losses | (8,364) | (4,480) | (5,597) | ||||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | |||||||||
| Loans | [1],[2] | 89,849 | 82,506 | ||||||
| Less: Allowance for credit losses | (1,310) | (1,796) | (662) | ||||||
| Residential Portfolio Segment [Member] | |||||||||
| Loans | [1],[2] | 353,442 | 328,854 | ||||||
| Less: Allowance for credit losses | (5,236) | (5,450) | (2,047) | ||||||
| Commercial And Industrial [Member] | |||||||||
| Loans | [1],[2] | 229,034 | 221,508 | ||||||
| Less: Allowance for credit losses | (2,427) | (4,377) | (1,483) | ||||||
| Home Equity Lines of Credit [Member] | |||||||||
| Loans | [1],[2] | 143,379 | 127,818 | ||||||
| Less: Allowance for credit losses | (897) | (750) | (1,753) | ||||||
| Construction and Other [Member] | |||||||||
| Loans | [1],[2] | 103,608 | 125,105 | ||||||
| Less: Allowance for credit losses | (2,052) | (1,990) | (609) | ||||||
| Consumer Portfolio Segment [Member] | |||||||||
| Loans | [1],[2] | 6,564 | 7,214 | ||||||
| Less: Allowance for credit losses | $ (61) | $ (182) | $ (84) | ||||||
| |||||||||
Note 7 - Loans and Related Allowance for Credit Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||
| Beginning balance | $ 21,693 | [1],[2] | $ 14,438 | ||||
| Charge-offs | (1,646) | (302) | |||||
| Recoveries | 210 | 333 | |||||
| Provision | 2,190 | 1,842 | |||||
| Ending balance | [1],[2] | 22,447 | 21,693 | ||||
| Recoveries | 210 | 333 | |||||
| Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
| Beginning balance | 5,382 | ||||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | |||||||
| Beginning balance | 2,668 | 2,203 | |||||
| Charge-offs | (45) | (46) | |||||
| Recoveries | 11 | 5 | |||||
| Provision | (534) | (305) | |||||
| Ending balance | 2,100 | 2,668 | |||||
| Recoveries | 11 | 5 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
| Beginning balance | 811 | ||||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | |||||||
| Beginning balance | 4,480 | 5,597 | |||||
| Charge-offs | (1,341) | 0 | |||||
| Recoveries | 0 | 0 | |||||
| Provision | 5,225 | 89 | |||||
| Ending balance | 8,364 | 4,480 | |||||
| Recoveries | 0 | 0 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
| Beginning balance | (1,206) | ||||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | |||||||
| Beginning balance | 1,796 | 662 | |||||
| Charge-offs | 0 | 0 | |||||
| Recoveries | 0 | 0 | |||||
| Provision | (486) | 543 | |||||
| Ending balance | 1,310 | 1,796 | |||||
| Recoveries | 0 | 0 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
| Beginning balance | 591 | ||||||
| Residential Portfolio Segment [Member] | |||||||
| Beginning balance | 5,450 | 2,047 | |||||
| Charge-offs | 0 | (108) | |||||
| Recoveries | 0 | 13 | |||||
| Provision | (214) | 754 | |||||
| Ending balance | 5,236 | 5,450 | |||||
| Recoveries | 0 | 13 | |||||
| Residential Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
| Beginning balance | 2,744 | ||||||
| Commercial And Industrial [Member] | |||||||
| Beginning balance | 4,377 | 1,483 | |||||
| Charge-offs | (215) | (85) | |||||
| Recoveries | 55 | 38 | |||||
| Provision | (1,790) | 621 | |||||
| Ending balance | 2,427 | 4,377 | |||||
| Recoveries | 55 | 38 | |||||
| Commercial And Industrial [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
| Beginning balance | 2,320 | ||||||
| Home Equity Lines of Credit [Member] | |||||||
| Beginning balance | 750 | 1,753 | |||||
| Charge-offs | (7) | 0 | |||||
| Recoveries | 1 | 70 | |||||
| Provision | 153 | (42) | |||||
| Ending balance | 897 | 750 | |||||
| Recoveries | 1 | 70 | |||||
| Home Equity Lines of Credit [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
| Beginning balance | (1,031) | ||||||
| Construction and Other [Member] | |||||||
| Beginning balance | 1,990 | 609 | |||||
| Charge-offs | 0 | 0 | |||||
| Recoveries | 0 | 0 | |||||
| Provision | 62 | 425 | |||||
| Ending balance | 2,052 | 1,990 | |||||
| Recoveries | 0 | 0 | |||||
| Construction and Other [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
| Beginning balance | 956 | ||||||
| Consumer Portfolio Segment [Member] | |||||||
| Beginning balance | 182 | 84 | |||||
| Charge-offs | (38) | (63) | |||||
| Recoveries | 143 | 207 | |||||
| Provision | (226) | (243) | |||||
| Ending balance | 61 | 182 | |||||
| Recoveries | $ 143 | 207 | |||||
| Consumer Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
| Beginning balance | $ 197 | ||||||
| |||||||
Note 7 - Loans and Related Allowance for Credit Losses - Classes of the Loan Portfolio Summarized by Credit Quality (Details) - USD ($) $ in Thousands |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|||||
| Term loans amortized, current year | $ 153,526 | $ 241,600 | ||||
| Term loans amortized, one year before | 254,581 | 290,633 | ||||
| Term loans amortized, two years before | 260,086 | 207,871 | ||||
| Term loans amortized, three years before | 182,142 | 126,649 | ||||
| Term loans amortized, four years before | 111,764 | 85,500 | ||||
| Term loans amortized, prior | 321,137 | 310,143 | ||||
| Term loans amortized, revolving | 236,378 | 215,734 | ||||
| Loans | [1],[2] | 1,519,614 | 1,478,130 | |||
| Current-period gross charge-offs, total | 1,646 | 302 | ||||
| Loss | (153,526) | (241,600) | ||||
| Loss | (254,581) | (290,633) | ||||
| Loss | (260,086) | (207,871) | ||||
| Loss | (182,142) | (126,649) | ||||
| Loss | (111,764) | (85,500) | ||||
| Loss | (321,137) | (310,143) | ||||
| Loss | (236,378) | (215,734) | ||||
| Loss | [1],[2] | (1,519,614) | (1,478,130) | |||
| Pass [Member] | ||||||
| Term loans amortized, current year | 150,041 | 241,587 | ||||
| Term loans amortized, one year before | 253,841 | 279,671 | ||||
| Term loans amortized, two years before | 248,224 | 204,223 | ||||
| Term loans amortized, three years before | 180,483 | 124,701 | ||||
| Term loans amortized, four years before | 111,425 | 74,005 | ||||
| Term loans amortized, prior | 282,320 | 276,267 | ||||
| Term loans amortized, revolving | 233,892 | 203,937 | ||||
| Loans | 1,460,226 | 1,404,391 | ||||
| Loss | (150,041) | (241,587) | ||||
| Loss | (253,841) | (279,671) | ||||
| Loss | (248,224) | (204,223) | ||||
| Loss | (180,483) | (124,701) | ||||
| Loss | (111,425) | (74,005) | ||||
| Loss | (282,320) | (276,267) | ||||
| Loss | (233,892) | (203,937) | ||||
| Loss | (1,460,226) | (1,404,391) | ||||
| Special Mention [Member] | ||||||
| Term loans amortized, current year | 2,263 | 0 | ||||
| Term loans amortized, one year before | 0 | 8,352 | ||||
| Term loans amortized, two years before | 3,340 | 2,371 | ||||
| Term loans amortized, three years before | 389 | 0 | ||||
| Term loans amortized, four years before | 0 | 278 | ||||
| Term loans amortized, prior | 2,995 | 2,996 | ||||
| Term loans amortized, revolving | 832 | 184 | ||||
| Loans | 9,819 | 14,181 | ||||
| Loss | (2,263) | 0 | ||||
| Loss | 0 | (8,352) | ||||
| Loss | (3,340) | (2,371) | ||||
| Loss | (389) | 0 | ||||
| Loss | 0 | (278) | ||||
| Loss | (2,995) | (2,996) | ||||
| Loss | (832) | (184) | ||||
| Loss | (9,819) | (14,181) | ||||
| Substandard [Member] | ||||||
| Term loans amortized, current year | 1,222 | 13 | ||||
| Term loans amortized, one year before | 740 | 2,610 | ||||
| Term loans amortized, two years before | 8,522 | 630 | ||||
| Term loans amortized, three years before | 1,270 | 1,948 | ||||
| Term loans amortized, four years before | 339 | 7,330 | ||||
| Term loans amortized, prior | 35,822 | 30,884 | ||||
| Term loans amortized, revolving | 1,654 | 11,613 | ||||
| Loans | 49,569 | 55,028 | ||||
| Loss | (1,222) | (13) | ||||
| Loss | (740) | (2,610) | ||||
| Loss | (8,522) | (630) | ||||
| Loss | (1,270) | (1,948) | ||||
| Loss | (339) | (7,330) | ||||
| Loss | (35,822) | (30,884) | ||||
| Loss | (1,654) | (11,613) | ||||
| Loss | (49,569) | (55,028) | ||||
| Doubtful [Member] | ||||||
| Term loans amortized, current year | 0 | |||||
| Term loans amortized, one year before | 0 | |||||
| Term loans amortized, two years before | 647 | |||||
| Term loans amortized, three years before | 0 | |||||
| Term loans amortized, four years before | 3,887 | |||||
| Term loans amortized, prior | 0 | |||||
| Term loans amortized, revolving | 0 | |||||
| Loans | 4,534 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (647) | |||||
| Loss | 0 | |||||
| Loss | (3,887) | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (4,534) | |||||
| Unlikely to be Collected Financing Receivable [Member] | ||||||
| Term loans amortized, current year | (0) | |||||
| Term loans amortized, one year before | (0) | |||||
| Term loans amortized, two years before | (0) | |||||
| Term loans amortized, three years before | (0) | |||||
| Term loans amortized, four years before | (0) | |||||
| Term loans amortized, prior | 4 | |||||
| Term loans amortized, revolving | (0) | |||||
| Loans | 4 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (4) | |||||
| Loss | 0 | |||||
| Loss | (4) | |||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||||||
| Term loans amortized, current year | 13,398 | 14,634 | ||||
| Term loans amortized, one year before | 20,265 | 39,477 | ||||
| Term loans amortized, two years before | 37,924 | 41,609 | ||||
| Term loans amortized, three years before | 39,414 | 26,599 | ||||
| Term loans amortized, four years before | 25,532 | 12,463 | ||||
| Term loans amortized, prior | 40,520 | 46,101 | ||||
| Term loans amortized, revolving | 4,394 | 2,662 | ||||
| Loans | [1],[2] | 181,447 | 183,545 | |||
| Current-period gross charge-offs current | 0 | 0 | ||||
| Current-period gross charge-offs one year before | 0 | 0 | ||||
| Current-period gross charge-offs, two years before | 0 | 0 | ||||
| Current-period gross charge-offs, three years before | 0 | 0 | ||||
| Current-period gross charge-offs, four years before | 0 | 0 | ||||
| Current-period gross charge-offs, prior | 45 | 46 | ||||
| Current-period gross charge-offs, revolving | 0 | 0 | ||||
| Current-period gross charge-offs, total | 45 | 46 | ||||
| Loss | (13,398) | (14,634) | ||||
| Loss | (20,265) | (39,477) | ||||
| Loss | (37,924) | (41,609) | ||||
| Loss | (39,414) | (26,599) | ||||
| Loss | (25,532) | (12,463) | ||||
| Loss | (40,520) | (46,101) | ||||
| Loss | (4,394) | (2,662) | ||||
| Loss | [1],[2] | (181,447) | (183,545) | |||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Pass [Member] | ||||||
| Term loans amortized, current year | 12,424 | 14,634 | ||||
| Term loans amortized, one year before | 20,265 | 34,850 | ||||
| Term loans amortized, two years before | 33,389 | 41,609 | ||||
| Term loans amortized, three years before | 39,025 | 25,040 | ||||
| Term loans amortized, four years before | 25,532 | 12,304 | ||||
| Term loans amortized, prior | 39,393 | 41,976 | ||||
| Term loans amortized, revolving | 4,394 | 2,662 | ||||
| Loans | 174,422 | 173,075 | ||||
| Loss | (12,424) | (14,634) | ||||
| Loss | (20,265) | (34,850) | ||||
| Loss | (33,389) | (41,609) | ||||
| Loss | (39,025) | (25,040) | ||||
| Loss | (25,532) | (12,304) | ||||
| Loss | (39,393) | (41,976) | ||||
| Loss | (4,394) | (2,662) | ||||
| Loss | (174,422) | (173,075) | ||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Special Mention [Member] | ||||||
| Term loans amortized, current year | 0 | 0 | ||||
| Term loans amortized, one year before | 0 | 2,271 | ||||
| Term loans amortized, two years before | 0 | 0 | ||||
| Term loans amortized, three years before | 389 | 0 | ||||
| Term loans amortized, four years before | 0 | 13 | ||||
| Term loans amortized, prior | 772 | 799 | ||||
| Term loans amortized, revolving | 0 | 0 | ||||
| Loans | 1,161 | 3,083 | ||||
| Loss | 0 | 0 | ||||
| Loss | 0 | (2,271) | ||||
| Loss | 0 | 0 | ||||
| Loss | (389) | 0 | ||||
| Loss | 0 | (13) | ||||
| Loss | (772) | (799) | ||||
| Loss | 0 | 0 | ||||
| Loss | (1,161) | (3,083) | ||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Substandard [Member] | ||||||
| Term loans amortized, current year | 974 | 0 | ||||
| Term loans amortized, one year before | 0 | 2,356 | ||||
| Term loans amortized, two years before | 4,535 | 0 | ||||
| Term loans amortized, three years before | 0 | 1,559 | ||||
| Term loans amortized, four years before | 0 | 146 | ||||
| Term loans amortized, prior | 355 | 3,326 | ||||
| Term loans amortized, revolving | 0 | 0 | ||||
| Loans | 5,864 | 7,387 | ||||
| Loss | (974) | 0 | ||||
| Loss | 0 | (2,356) | ||||
| Loss | (4,535) | 0 | ||||
| Loss | 0 | (1,559) | ||||
| Loss | 0 | (146) | ||||
| Loss | (355) | (3,326) | ||||
| Loss | 0 | 0 | ||||
| Loss | (5,864) | (7,387) | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||||||
| Term loans amortized, current year | 7,542 | 43,393 | ||||
| Term loans amortized, one year before | 63,559 | 97,606 | ||||
| Term loans amortized, two years before | 102,849 | 41,606 | ||||
| Term loans amortized, three years before | 49,644 | 22,707 | ||||
| Term loans amortized, four years before | 20,230 | 41,529 | ||||
| Term loans amortized, prior | 167,562 | 154,235 | ||||
| Term loans amortized, revolving | 905 | 504 | ||||
| Loans | [1],[2] | 412,291 | 401,580 | |||
| Current-period gross charge-offs current | 0 | 0 | ||||
| Current-period gross charge-offs one year before | 0 | 0 | ||||
| Current-period gross charge-offs, two years before | 0 | 0 | ||||
| Current-period gross charge-offs, three years before | 0 | 0 | ||||
| Current-period gross charge-offs, four years before | 0 | 0 | ||||
| Current-period gross charge-offs, prior | 1,341 | 0 | ||||
| Current-period gross charge-offs, revolving | 0 | 0 | ||||
| Current-period gross charge-offs, total | 1,341 | (0) | ||||
| Loss | (7,542) | (43,393) | ||||
| Loss | (63,559) | (97,606) | ||||
| Loss | (102,849) | (41,606) | ||||
| Loss | (49,644) | (22,707) | ||||
| Loss | (20,230) | (41,529) | ||||
| Loss | (167,562) | (154,235) | ||||
| Loss | (905) | (504) | ||||
| Loss | [1],[2] | (412,291) | (401,580) | |||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Pass [Member] | ||||||
| Term loans amortized, current year | 7,542 | 43,393 | ||||
| Term loans amortized, one year before | 63,559 | 95,098 | ||||
| Term loans amortized, two years before | 96,624 | 40,959 | ||||
| Term loans amortized, three years before | 49,009 | 22,707 | ||||
| Term loans amortized, four years before | 20,230 | 32,405 | ||||
| Term loans amortized, prior | 133,530 | 127,469 | ||||
| Term loans amortized, revolving | 905 | 504 | ||||
| Loans | 371,399 | 362,535 | ||||
| Loss | (7,542) | (43,393) | ||||
| Loss | (63,559) | (95,098) | ||||
| Loss | (96,624) | (40,959) | ||||
| Loss | (49,009) | (22,707) | ||||
| Loss | (20,230) | (32,405) | ||||
| Loss | (133,530) | (127,469) | ||||
| Loss | (905) | (504) | ||||
| Loss | (371,399) | (362,535) | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Special Mention [Member] | ||||||
| Term loans amortized, current year | 0 | 0 | ||||
| Term loans amortized, one year before | 0 | 2,508 | ||||
| Term loans amortized, two years before | 2,506 | 0 | ||||
| Term loans amortized, three years before | 0 | 0 | ||||
| Term loans amortized, four years before | 0 | 0 | ||||
| Term loans amortized, prior | 2,002 | 2,197 | ||||
| Term loans amortized, revolving | 0 | 0 | ||||
| Loans | 4,508 | 4,705 | ||||
| Loss | 0 | 0 | ||||
| Loss | 0 | (2,508) | ||||
| Loss | (2,506) | 0 | ||||
| Loss | 0 | 0 | ||||
| Loss | 0 | 0 | ||||
| Loss | (2,002) | (2,197) | ||||
| Loss | 0 | 0 | ||||
| Loss | (4,508) | (4,705) | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Substandard [Member] | ||||||
| Term loans amortized, current year | 0 | 0 | ||||
| Term loans amortized, one year before | 0 | 0 | ||||
| Term loans amortized, two years before | 3,719 | 0 | ||||
| Term loans amortized, three years before | 635 | 0 | ||||
| Term loans amortized, four years before | 0 | 5,237 | ||||
| Term loans amortized, prior | 32,030 | 24,569 | ||||
| Term loans amortized, revolving | 0 | 0 | ||||
| Loans | 36,384 | 29,806 | ||||
| Loss | 0 | 0 | ||||
| Loss | 0 | 0 | ||||
| Loss | (3,719) | 0 | ||||
| Loss | (635) | 0 | ||||
| Loss | 0 | (5,237) | ||||
| Loss | (32,030) | (24,569) | ||||
| Loss | 0 | 0 | ||||
| Loss | (36,384) | (29,806) | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Doubtful [Member] | ||||||
| Term loans amortized, current year | 0 | |||||
| Term loans amortized, one year before | 0 | |||||
| Term loans amortized, two years before | 647 | |||||
| Term loans amortized, three years before | 0 | |||||
| Term loans amortized, four years before | 3,887 | |||||
| Term loans amortized, prior | 0 | |||||
| Term loans amortized, revolving | 0 | |||||
| Loans | 4,534 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (647) | |||||
| Loss | 0 | |||||
| Loss | (3,887) | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (4,534) | |||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||||||
| Term loans amortized, current year | 2,930 | 29,218 | ||||
| Term loans amortized, one year before | 36,113 | 25,776 | ||||
| Term loans amortized, two years before | 21,978 | 4,267 | ||||
| Term loans amortized, three years before | 7,437 | 10,453 | ||||
| Term loans amortized, four years before | 10,057 | 1,391 | ||||
| Term loans amortized, prior | 11,324 | 11,297 | ||||
| Term loans amortized, revolving | 10 | 104 | ||||
| Loans | [1],[2] | 89,849 | 82,506 | |||
| Current-period gross charge-offs current | 0 | 0 | ||||
| Current-period gross charge-offs one year before | 0 | 0 | ||||
| Current-period gross charge-offs, two years before | 0 | 0 | ||||
| Current-period gross charge-offs, three years before | 0 | 0 | ||||
| Current-period gross charge-offs, four years before | 0 | 0 | ||||
| Current-period gross charge-offs, prior | 0 | 0 | ||||
| Current-period gross charge-offs, revolving | 0 | 0 | ||||
| Current-period gross charge-offs, total | (0) | (0) | ||||
| Loss | (2,930) | (29,218) | ||||
| Loss | (36,113) | (25,776) | ||||
| Loss | (21,978) | (4,267) | ||||
| Loss | (7,437) | (10,453) | ||||
| Loss | (10,057) | (1,391) | ||||
| Loss | (11,324) | (11,297) | ||||
| Loss | (10) | (104) | ||||
| Loss | [1],[2] | (89,849) | (82,506) | |||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Pass [Member] | ||||||
| Term loans amortized, current year | 2,930 | 29,218 | ||||
| Term loans amortized, one year before | 36,113 | 25,776 | ||||
| Term loans amortized, two years before | 21,978 | 4,267 | ||||
| Term loans amortized, three years before | 7,437 | 10,453 | ||||
| Term loans amortized, four years before | 10,057 | 1,391 | ||||
| Term loans amortized, prior | 11,324 | 11,231 | ||||
| Term loans amortized, revolving | 10 | 104 | ||||
| Loans | 89,849 | 82,440 | ||||
| Loss | (2,930) | (29,218) | ||||
| Loss | (36,113) | (25,776) | ||||
| Loss | (21,978) | (4,267) | ||||
| Loss | (7,437) | (10,453) | ||||
| Loss | (10,057) | (1,391) | ||||
| Loss | (11,324) | (11,231) | ||||
| Loss | (10) | (104) | ||||
| Loss | (89,849) | (82,440) | ||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Special Mention [Member] | ||||||
| Term loans amortized, current year | 2,263 | |||||
| Term loans amortized, one year before | 0 | |||||
| Term loans amortized, two years before | 0 | |||||
| Term loans amortized, three years before | 0 | |||||
| Term loans amortized, four years before | 0 | |||||
| Term loans amortized, prior | 0 | |||||
| Term loans amortized, revolving | 832 | |||||
| Loans | 3,095 | |||||
| Loss | (2,263) | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (832) | |||||
| Loss | (3,095) | |||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Substandard [Member] | ||||||
| Term loans amortized, current year | 34 | 0 | ||||
| Term loans amortized, one year before | 169 | 0 | ||||
| Term loans amortized, two years before | 115 | 0 | ||||
| Term loans amortized, three years before | 635 | 0 | ||||
| Term loans amortized, four years before | 0 | 0 | ||||
| Term loans amortized, prior | 1,527 | 66 | ||||
| Term loans amortized, revolving | 0 | 0 | ||||
| Loans | 2,480 | 66 | ||||
| Loss | (34) | 0 | ||||
| Loss | (169) | 0 | ||||
| Loss | (115) | 0 | ||||
| Loss | (635) | 0 | ||||
| Loss | 0 | 0 | ||||
| Loss | (1,527) | (66) | ||||
| Loss | 0 | 0 | ||||
| Loss | (2,480) | (66) | ||||
| Residential Portfolio Segment [Member] | ||||||
| Term loans amortized, current year | 45,381 | 50,086 | ||||
| Term loans amortized, one year before | 50,989 | 56,307 | ||||
| Term loans amortized, two years before | 62,078 | 79,119 | ||||
| Term loans amortized, three years before | 70,617 | 39,476 | ||||
| Term loans amortized, four years before | 36,067 | 19,442 | ||||
| Term loans amortized, prior | 88,019 | 83,752 | ||||
| Term loans amortized, revolving | 291 | 672 | ||||
| Loans | [1],[2] | 353,442 | 328,854 | |||
| Current-period gross charge-offs current | 0 | 0 | ||||
| Current-period gross charge-offs one year before | 0 | 0 | ||||
| Current-period gross charge-offs, two years before | 0 | 0 | ||||
| Current-period gross charge-offs, three years before | 0 | 0 | ||||
| Current-period gross charge-offs, four years before | 0 | 0 | ||||
| Current-period gross charge-offs, prior | 0 | 108 | ||||
| Current-period gross charge-offs, revolving | 0 | 0 | ||||
| Current-period gross charge-offs, total | (0) | 108 | ||||
| Loss | (45,381) | (50,086) | ||||
| Loss | (50,989) | (56,307) | ||||
| Loss | (62,078) | (79,119) | ||||
| Loss | (70,617) | (39,476) | ||||
| Loss | (36,067) | (19,442) | ||||
| Loss | (88,019) | (83,752) | ||||
| Loss | (291) | (672) | ||||
| Loss | [1],[2] | (353,442) | (328,854) | |||
| Residential Portfolio Segment [Member] | Pass [Member] | ||||||
| Term loans amortized, current year | 45,347 | 50,086 | ||||
| Term loans amortized, one year before | 50,820 | 56,180 | ||||
| Term loans amortized, two years before | 61,963 | 78,909 | ||||
| Term loans amortized, three years before | 69,982 | 39,476 | ||||
| Term loans amortized, four years before | 36,067 | 19,418 | ||||
| Term loans amortized, prior | 86,492 | 82,441 | ||||
| Term loans amortized, revolving | 291 | 672 | ||||
| Loans | 350,962 | 327,182 | ||||
| Loss | (45,347) | (50,086) | ||||
| Loss | (50,820) | (56,180) | ||||
| Loss | (61,963) | (78,909) | ||||
| Loss | (69,982) | (39,476) | ||||
| Loss | (36,067) | (19,418) | ||||
| Loss | (86,492) | (82,441) | ||||
| Loss | (291) | (672) | ||||
| Loss | (350,962) | (327,182) | ||||
| Residential Portfolio Segment [Member] | Special Mention [Member] | ||||||
| Term loans amortized, current year | 0 | |||||
| Term loans amortized, one year before | 0 | |||||
| Term loans amortized, two years before | 834 | |||||
| Term loans amortized, three years before | 0 | |||||
| Term loans amortized, four years before | 0 | |||||
| Term loans amortized, prior | 221 | |||||
| Term loans amortized, revolving | 0 | |||||
| Loans | 1,055 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (834) | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (221) | |||||
| Loss | 0 | |||||
| Loss | (1,055) | |||||
| Residential Portfolio Segment [Member] | Substandard [Member] | ||||||
| Term loans amortized, current year | 214 | 0 | ||||
| Term loans amortized, one year before | 10 | 127 | ||||
| Term loans amortized, two years before | 0 | 210 | ||||
| Term loans amortized, three years before | 0 | 0 | ||||
| Term loans amortized, four years before | 305 | 24 | ||||
| Term loans amortized, prior | 84 | 1,311 | ||||
| Term loans amortized, revolving | 74 | 0 | ||||
| Loans | 687 | 1,672 | ||||
| Loss | (214) | 0 | ||||
| Loss | (10) | (127) | ||||
| Loss | 0 | (210) | ||||
| Loss | 0 | 0 | ||||
| Loss | (305) | (24) | ||||
| Loss | (84) | (1,311) | ||||
| Loss | (74) | 0 | ||||
| Loss | (687) | (1,672) | ||||
| Commercial And Industrial [Member] | ||||||
| Term loans amortized, current year | 51,131 | 46,931 | ||||
| Term loans amortized, one year before | 33,870 | 43,509 | ||||
| Term loans amortized, two years before | 31,305 | 17,909 | ||||
| Term loans amortized, three years before | 13,512 | 25,496 | ||||
| Term loans amortized, four years before | 19,169 | 2,865 | ||||
| Term loans amortized, prior | 4,972 | 7,405 | ||||
| Term loans amortized, revolving | 75,075 | 77,393 | ||||
| Loans | [1],[2] | 229,034 | 221,508 | |||
| Current-period gross charge-offs current | 0 | 0 | ||||
| Current-period gross charge-offs one year before | 180 | 0 | ||||
| Current-period gross charge-offs, two years before | 23 | 75 | ||||
| Current-period gross charge-offs, three years before | 12 | 0 | ||||
| Current-period gross charge-offs, four years before | 0 | 6 | ||||
| Current-period gross charge-offs, prior | 0 | 4 | ||||
| Current-period gross charge-offs, revolving | 0 | 0 | ||||
| Current-period gross charge-offs, total | 215 | 85 | ||||
| Loss | (51,131) | (46,931) | ||||
| Loss | (33,870) | (43,509) | ||||
| Loss | (31,305) | (17,909) | ||||
| Loss | (13,512) | (25,496) | ||||
| Loss | (19,169) | (2,865) | ||||
| Loss | (4,972) | (7,405) | ||||
| Loss | (75,075) | (77,393) | ||||
| Loss | [1],[2] | (229,034) | (221,508) | |||
| Commercial And Industrial [Member] | Pass [Member] | ||||||
| Term loans amortized, current year | 48,654 | 46,918 | ||||
| Term loans amortized, one year before | 33,860 | 43,494 | ||||
| Term loans amortized, two years before | 31,305 | 17,909 | ||||
| Term loans amortized, three years before | 13,512 | 25,143 | ||||
| Term loans amortized, four years before | 18,864 | 2,741 | ||||
| Term loans amortized, prior | 4,888 | 6,533 | ||||
| Term loans amortized, revolving | 74,169 | 66,842 | ||||
| Loans | 225,252 | 209,580 | ||||
| Loss | (48,654) | (46,918) | ||||
| Loss | (33,860) | (43,494) | ||||
| Loss | (31,305) | (17,909) | ||||
| Loss | (13,512) | (25,143) | ||||
| Loss | (18,864) | (2,741) | ||||
| Loss | (4,888) | (6,533) | ||||
| Loss | (74,169) | (66,842) | ||||
| Loss | (225,252) | (209,580) | ||||
| Commercial And Industrial [Member] | Special Mention [Member] | ||||||
| Term loans amortized, current year | 0 | |||||
| Term loans amortized, one year before | 0 | |||||
| Term loans amortized, two years before | 0 | |||||
| Term loans amortized, three years before | 0 | |||||
| Term loans amortized, four years before | 0 | |||||
| Term loans amortized, prior | 0 | |||||
| Term loans amortized, revolving | 184 | |||||
| Loans | 184 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (184) | |||||
| Loss | (184) | |||||
| Commercial And Industrial [Member] | Substandard [Member] | ||||||
| Term loans amortized, current year | 0 | 13 | ||||
| Term loans amortized, one year before | 68 | 15 | ||||
| Term loans amortized, two years before | 150 | 0 | ||||
| Term loans amortized, three years before | 0 | 353 | ||||
| Term loans amortized, four years before | 34 | 124 | ||||
| Term loans amortized, prior | 493 | 876 | ||||
| Term loans amortized, revolving | 653 | 10,367 | ||||
| Loans | 1,398 | 11,748 | ||||
| Loss | 0 | (13) | ||||
| Loss | (68) | (15) | ||||
| Loss | (150) | 0 | ||||
| Loss | 0 | (353) | ||||
| Loss | (34) | (124) | ||||
| Loss | (493) | (876) | ||||
| Loss | (653) | (10,367) | ||||
| Loss | (1,398) | (11,748) | ||||
| Commercial And Industrial [Member] | Unlikely to be Collected Financing Receivable [Member] | ||||||
| Term loans amortized, current year | (0) | |||||
| Term loans amortized, one year before | (0) | |||||
| Term loans amortized, two years before | (0) | |||||
| Term loans amortized, three years before | (0) | |||||
| Term loans amortized, four years before | (0) | |||||
| Term loans amortized, prior | 4 | |||||
| Term loans amortized, revolving | (0) | |||||
| Loans | 4 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (4) | |||||
| Loss | 0 | |||||
| Loss | (4) | |||||
| Home Equity Lines of Credit [Member] | ||||||
| Term loans amortized, current year | 244 | 0 | ||||
| Term loans amortized, one year before | 68 | 231 | ||||
| Term loans amortized, two years before | 316 | 0 | ||||
| Term loans amortized, three years before | 183 | 52 | ||||
| Term loans amortized, four years before | 167 | 92 | ||||
| Term loans amortized, prior | 2,534 | 2,680 | ||||
| Term loans amortized, revolving | 139,867 | 124,763 | ||||
| Loans | [1],[2] | 143,379 | 127,818 | |||
| Current-period gross charge-offs current | 0 | 0 | ||||
| Current-period gross charge-offs one year before | 0 | 0 | ||||
| Current-period gross charge-offs, two years before | 0 | 0 | ||||
| Current-period gross charge-offs, three years before | 0 | 0 | ||||
| Current-period gross charge-offs, four years before | 0 | 0 | ||||
| Current-period gross charge-offs, prior | 7 | 0 | ||||
| Current-period gross charge-offs, revolving | 0 | 0 | ||||
| Current-period gross charge-offs, total | 7 | (0) | ||||
| Loss | (244) | 0 | ||||
| Loss | (68) | (231) | ||||
| Loss | (316) | 0 | ||||
| Loss | (183) | (52) | ||||
| Loss | (167) | (92) | ||||
| Loss | (2,534) | (2,680) | ||||
| Loss | (139,867) | (124,763) | ||||
| Loss | [1],[2] | (143,379) | (127,818) | |||
| Home Equity Lines of Credit [Member] | Pass [Member] | ||||||
| Term loans amortized, current year | 244 | 0 | ||||
| Term loans amortized, one year before | 0 | 126 | ||||
| Term loans amortized, two years before | 166 | 0 | ||||
| Term loans amortized, three years before | 183 | 16 | ||||
| Term loans amortized, four years before | 133 | 63 | ||||
| Term loans amortized, prior | 2,041 | 2,097 | ||||
| Term loans amortized, revolving | 139,214 | 124,001 | ||||
| Loans | 141,981 | 126,303 | ||||
| Loss | (244) | 0 | ||||
| Loss | 0 | (126) | ||||
| Loss | (166) | 0 | ||||
| Loss | (183) | (16) | ||||
| Loss | (133) | (63) | ||||
| Loss | (2,041) | (2,097) | ||||
| Loss | (139,214) | (124,001) | ||||
| Loss | (141,981) | (126,303) | ||||
| Home Equity Lines of Credit [Member] | Substandard [Member] | ||||||
| Term loans amortized, current year | 0 | 0 | ||||
| Term loans amortized, one year before | 493 | 105 | ||||
| Term loans amortized, two years before | 0 | 0 | ||||
| Term loans amortized, three years before | 0 | 36 | ||||
| Term loans amortized, four years before | 0 | 29 | ||||
| Term loans amortized, prior | 1,171 | 583 | ||||
| Term loans amortized, revolving | 927 | 762 | ||||
| Loans | 2,591 | 1,515 | ||||
| Loss | 0 | 0 | ||||
| Loss | (493) | (105) | ||||
| Loss | 0 | 0 | ||||
| Loss | 0 | (36) | ||||
| Loss | 0 | (29) | ||||
| Loss | (1,171) | (583) | ||||
| Loss | (927) | (762) | ||||
| Loss | (2,591) | (1,515) | ||||
| Construction and Other [Member] | ||||||
| Term loans amortized, current year | 31,361 | 55,528 | ||||
| Term loans amortized, one year before | 48,670 | 26,632 | ||||
| Term loans amortized, two years before | 3,252 | 23,037 | ||||
| Term loans amortized, three years before | 1,223 | 1,777 | ||||
| Term loans amortized, four years before | 506 | 7,644 | ||||
| Term loans amortized, prior | 2,760 | 851 | ||||
| Term loans amortized, revolving | 15,836 | 9,636 | ||||
| Loans | [1],[2] | 103,608 | 125,105 | |||
| Current-period gross charge-offs current | 0 | 0 | ||||
| Current-period gross charge-offs one year before | 0 | 0 | ||||
| Current-period gross charge-offs, two years before | 0 | 0 | ||||
| Current-period gross charge-offs, three years before | 0 | 0 | ||||
| Current-period gross charge-offs, four years before | 0 | 0 | ||||
| Current-period gross charge-offs, prior | 0 | 0 | ||||
| Current-period gross charge-offs, revolving | 0 | 0 | ||||
| Current-period gross charge-offs, total | (0) | (0) | ||||
| Loss | (31,361) | (55,528) | ||||
| Loss | (48,670) | (26,632) | ||||
| Loss | (3,252) | (23,037) | ||||
| Loss | (1,223) | (1,777) | ||||
| Loss | (506) | (7,644) | ||||
| Loss | (2,760) | (851) | ||||
| Loss | (15,836) | (9,636) | ||||
| Loss | [1],[2] | (103,608) | (125,105) | |||
| Construction and Other [Member] | Pass [Member] | ||||||
| Term loans amortized, current year | 31,361 | 55,528 | ||||
| Term loans amortized, one year before | 48,177 | 23,059 | ||||
| Term loans amortized, two years before | 2,418 | 20,246 | ||||
| Term loans amortized, three years before | 1,223 | 1,777 | ||||
| Term loans amortized, four years before | 506 | 5,609 | ||||
| Term loans amortized, prior | 1,368 | 851 | ||||
| Term loans amortized, revolving | 14,909 | 9,152 | ||||
| Loans | 99,962 | 116,222 | ||||
| Loss | (31,361) | (55,528) | ||||
| Loss | (48,177) | (23,059) | ||||
| Loss | (2,418) | (20,246) | ||||
| Loss | (1,223) | (1,777) | ||||
| Loss | (506) | (5,609) | ||||
| Loss | (1,368) | (851) | ||||
| Loss | (14,909) | (9,152) | ||||
| Loss | (99,962) | (116,222) | ||||
| Construction and Other [Member] | Special Mention [Member] | ||||||
| Term loans amortized, current year | 0 | |||||
| Term loans amortized, one year before | 3,573 | |||||
| Term loans amortized, two years before | 2,371 | |||||
| Term loans amortized, three years before | 0 | |||||
| Term loans amortized, four years before | 265 | |||||
| Term loans amortized, prior | 0 | |||||
| Term loans amortized, revolving | 0 | |||||
| Loans | 6,209 | |||||
| Loss | 0 | |||||
| Loss | (3,573) | |||||
| Loss | (2,371) | |||||
| Loss | 0 | |||||
| Loss | (265) | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (6,209) | |||||
| Construction and Other [Member] | Substandard [Member] | ||||||
| Term loans amortized, current year | 0 | |||||
| Term loans amortized, one year before | 0 | |||||
| Term loans amortized, two years before | 420 | |||||
| Term loans amortized, three years before | 0 | |||||
| Term loans amortized, four years before | 1,770 | |||||
| Term loans amortized, prior | 0 | |||||
| Term loans amortized, revolving | 484 | |||||
| Loans | 2,674 | |||||
| Loss | 0 | |||||
| Loss | 0 | |||||
| Loss | (420) | |||||
| Loss | 0 | |||||
| Loss | (1,770) | |||||
| Loss | 0 | |||||
| Loss | (484) | |||||
| Loss | (2,674) | |||||
| Consumer Portfolio Segment [Member] | ||||||
| Term loans amortized, current year | 1,539 | 1,810 | ||||
| Term loans amortized, one year before | 1,047 | 1,095 | ||||
| Term loans amortized, two years before | 384 | 324 | ||||
| Term loans amortized, three years before | 112 | 89 | ||||
| Term loans amortized, four years before | 36 | 74 | ||||
| Term loans amortized, prior | 3,446 | 3,822 | ||||
| Term loans amortized, revolving | 0 | 0 | ||||
| Loans | [1],[2] | 6,564 | 7,214 | |||
| Current-period gross charge-offs current | 0 | 0 | ||||
| Current-period gross charge-offs one year before | 0 | 25 | ||||
| Current-period gross charge-offs, two years before | 2 | 0 | ||||
| Current-period gross charge-offs, three years before | 6 | 0 | ||||
| Current-period gross charge-offs, four years before | 0 | 0 | ||||
| Current-period gross charge-offs, prior | 30 | 38 | ||||
| Current-period gross charge-offs, revolving | 0 | 0 | ||||
| Current-period gross charge-offs, total | 38 | 63 | ||||
| Loss | (1,539) | (1,810) | ||||
| Loss | (1,047) | (1,095) | ||||
| Loss | (384) | (324) | ||||
| Loss | (112) | (89) | ||||
| Loss | (36) | (74) | ||||
| Loss | (3,446) | (3,822) | ||||
| Loss | 0 | 0 | ||||
| Loss | [1],[2] | (6,564) | (7,214) | |||
| Consumer Portfolio Segment [Member] | Pass [Member] | ||||||
| Term loans amortized, current year | 1,539 | 1,810 | ||||
| Term loans amortized, one year before | 1,047 | 1,088 | ||||
| Term loans amortized, two years before | 381 | 324 | ||||
| Term loans amortized, three years before | 112 | 89 | ||||
| Term loans amortized, four years before | 36 | 74 | ||||
| Term loans amortized, prior | 3,284 | 3,669 | ||||
| Term loans amortized, revolving | 0 | 0 | ||||
| Loans | 6,399 | 7,054 | ||||
| Loss | (1,539) | (1,810) | ||||
| Loss | (1,047) | (1,088) | ||||
| Loss | (381) | (324) | ||||
| Loss | (112) | (89) | ||||
| Loss | (36) | (74) | ||||
| Loss | (3,284) | (3,669) | ||||
| Loss | 0 | 0 | ||||
| Loss | (6,399) | (7,054) | ||||
| Consumer Portfolio Segment [Member] | Substandard [Member] | ||||||
| Term loans amortized, current year | 0 | 0 | ||||
| Term loans amortized, one year before | 0 | 7 | ||||
| Term loans amortized, two years before | 3 | 0 | ||||
| Term loans amortized, three years before | 0 | 0 | ||||
| Term loans amortized, four years before | 0 | 0 | ||||
| Term loans amortized, prior | 162 | 153 | ||||
| Term loans amortized, revolving | 0 | 0 | ||||
| Loans | 165 | 160 | ||||
| Loss | 0 | 0 | ||||
| Loss | 0 | (7) | ||||
| Loss | (3) | 0 | ||||
| Loss | 0 | 0 | ||||
| Loss | 0 | 0 | ||||
| Loss | (162) | (153) | ||||
| Loss | 0 | 0 | ||||
| Loss | $ (165) | $ (160) | ||||
| ||||||
Note 7 - Loans and Related Allowance for Credit Losses - Collateral-dependent Loans (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||
|---|---|---|---|---|---|---|
| Loans | [1],[2] | $ 1,519,614 | $ 1,478,130 | |||
| Real Estate [Member] | ||||||
| Loans | 29,403 | 8,150 | ||||
| Blanket Lien [Member] | ||||||
| Loans | 0 | 0 | ||||
| Investment and Cash [Member] | ||||||
| Loans | 0 | 0 | ||||
| Other Collateral [Member] | ||||||
| Loans | 0 | 0 | ||||
| Collateral Pledged [Member] | ||||||
| Loans | 29,403 | 8,150 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||||||
| Loans | [1],[2] | 181,447 | 183,545 | |||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Real Estate [Member] | ||||||
| Loans | 3,198 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Blanket Lien [Member] | ||||||
| Loans | 0 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Investment and Cash [Member] | ||||||
| Loans | 0 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Other Collateral [Member] | ||||||
| Loans | 0 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Collateral Pledged [Member] | ||||||
| Loans | 3,198 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||||||
| Loans | [1],[2] | 412,291 | 401,580 | |||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Real Estate [Member] | ||||||
| Loans | 24,881 | 8,150 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Blanket Lien [Member] | ||||||
| Loans | 0 | 0 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Investment and Cash [Member] | ||||||
| Loans | 0 | 0 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Other Collateral [Member] | ||||||
| Loans | 0 | 0 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Collateral Pledged [Member] | ||||||
| Loans | 24,881 | 8,150 | ||||
| Residential Portfolio Segment [Member] | ||||||
| Loans | [1],[2] | 353,442 | 328,854 | |||
| Residential Portfolio Segment [Member] | Real Estate [Member] | ||||||
| Loans | 617 | |||||
| Residential Portfolio Segment [Member] | Blanket Lien [Member] | ||||||
| Loans | 0 | |||||
| Residential Portfolio Segment [Member] | Investment and Cash [Member] | ||||||
| Loans | 0 | |||||
| Residential Portfolio Segment [Member] | Other Collateral [Member] | ||||||
| Loans | 0 | |||||
| Residential Portfolio Segment [Member] | Collateral Pledged [Member] | ||||||
| Loans | 617 | |||||
| Commercial And Industrial [Member] | ||||||
| Loans | [1],[2] | 229,034 | 221,508 | |||
| Commercial And Industrial [Member] | Real Estate [Member] | ||||||
| Loans | 214 | |||||
| Commercial And Industrial [Member] | Blanket Lien [Member] | ||||||
| Loans | 0 | |||||
| Commercial And Industrial [Member] | Investment and Cash [Member] | ||||||
| Loans | 0 | |||||
| Commercial And Industrial [Member] | Other Collateral [Member] | ||||||
| Loans | 0 | |||||
| Commercial And Industrial [Member] | Collateral Pledged [Member] | ||||||
| Loans | 214 | |||||
| Construction and Other [Member] | ||||||
| Loans | [1],[2] | 103,608 | $ 125,105 | |||
| Construction and Other [Member] | Real Estate [Member] | ||||||
| Loans | 493 | |||||
| Construction and Other [Member] | Blanket Lien [Member] | ||||||
| Loans | 0 | |||||
| Construction and Other [Member] | Investment and Cash [Member] | ||||||
| Loans | 0 | |||||
| Construction and Other [Member] | Other Collateral [Member] | ||||||
| Loans | 0 | |||||
| Construction and Other [Member] | Collateral Pledged [Member] | ||||||
| Loans | $ 493 | |||||
| ||||||
Note 7 - Loans and Related Allowance for Credit Losses - Past Due Loans (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||
|---|---|---|---|---|---|---|
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | $ 1,519,614 | $ 1,478,130 | |||
| Financial Asset Acquired with Credit Deterioration [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 1,478,130 | |||||
| Financial Asset, Not Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 1,501,824 | 1,470,246 | ||||
| Financial Asset, 30 to 59 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 4,665 | 5,760 | ||||
| Financial Asset, 60 to 89 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 3,114 | 1,336 | ||||
| Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 10,011 | 788 | ||||
| Financial Asset, Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 17,790 | 7,884 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 181,447 | 183,545 | |||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 183,545 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset, Not Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 180,752 | 183,242 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 513 | 197 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 122 | 0 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 60 | 106 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Financial Asset, Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 695 | 303 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 412,291 | 401,580 | |||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 401,580 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset, Not Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 402,942 | 397,964 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 1,355 | 3,616 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 0 | 0 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 8,012 | 0 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Financial Asset, Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 9,367 | 3,616 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 89,849 | 82,506 | |||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 82,506 | |||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset, Not Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 89,756 | 82,440 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 93 | 0 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 0 | 0 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 0 | 66 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | Financial Asset, Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 93 | 66 | ||||
| Residential Portfolio Segment [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 353,442 | 328,854 | |||
| Residential Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 328,854 | |||||
| Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 349,645 | 326,224 | ||||
| Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 2,216 | 1,366 | ||||
| Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 562 | 1,010 | ||||
| Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 1,019 | 254 | ||||
| Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 3,797 | 2,630 | ||||
| Commercial And Industrial [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 229,034 | 221,508 | |||
| Commercial And Industrial [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 221,508 | |||||
| Commercial And Industrial [Member] | Financial Asset, Not Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 226,669 | 221,304 | ||||
| Commercial And Industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 81 | 0 | ||||
| Commercial And Industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 2,284 | 146 | ||||
| Commercial And Industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 0 | 58 | ||||
| Commercial And Industrial [Member] | Financial Asset, Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 2,365 | 204 | ||||
| Home Equity Lines of Credit [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 143,379 | 127,818 | |||
| Home Equity Lines of Credit [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 127,818 | |||||
| Home Equity Lines of Credit [Member] | Financial Asset, Not Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 142,484 | 126,894 | ||||
| Home Equity Lines of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 366 | 447 | ||||
| Home Equity Lines of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 102 | 180 | ||||
| Home Equity Lines of Credit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 427 | 297 | ||||
| Home Equity Lines of Credit [Member] | Financial Asset, Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 895 | 924 | ||||
| Construction and Other [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 103,608 | 125,105 | |||
| Construction and Other [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 125,105 | |||||
| Construction and Other [Member] | Financial Asset, Not Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 103,115 | 125,040 | ||||
| Construction and Other [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 0 | 65 | ||||
| Construction and Other [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 0 | 0 | ||||
| Construction and Other [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 493 | 0 | ||||
| Construction and Other [Member] | Financial Asset, Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 493 | 65 | ||||
| Consumer Portfolio Segment [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 6,564 | 7,214 | |||
| Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 7,214 | |||||
| Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 6,479 | 7,138 | ||||
| Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 41 | 69 | ||||
| Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 44 | 0 | ||||
| Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 0 | 7 | ||||
| Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | $ 85 | $ 76 | ||||
| ||||||
Note 7 - Loans and Related Allowance for Credit Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||
|---|---|---|---|---|---|---|
| Nonaccrual, No Allowance | $ 23,018 | $ 4,687 | ||||
| Nonaccrual, With Allowance | 6,966 | 6,190 | ||||
| Nonaccrual | 29,984 | 10,877 | ||||
| Still Accruing | 0 | 0 | ||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 1,519,614 | 1,478,130 | |||
| Nonperforming Financial Instruments [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 29,984 | 10,877 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | ||||||
| Nonaccrual, No Allowance | 974 | 0 | ||||
| Nonaccrual, With Allowance | 301 | 252 | ||||
| Nonaccrual | 1,275 | 252 | ||||
| Still Accruing | 0 | 0 | ||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 181,447 | 183,545 | |||
| Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loan [Member] | Nonperforming Financial Instruments [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 1,275 | 252 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||||||
| Nonaccrual, No Allowance | 21,265 | 4,534 | ||||
| Nonaccrual, With Allowance | 3,616 | 3,616 | ||||
| Nonaccrual | 24,881 | 8,150 | ||||
| Still Accruing | 0 | 0 | ||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 412,291 | 401,580 | |||
| Commercial Real Estate Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Nonperforming Financial Instruments [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 24,881 | 8,150 | ||||
| Commercial Real Estate Portfolio Segment [Member] | Multifamily Loan [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 89,849 | 82,506 | |||
| Commercial Portfolio Segment [Member] | Multifamily Loan [Member] | ||||||
| Nonaccrual, No Allowance | 0 | |||||
| Nonaccrual, With Allowance | 66 | |||||
| Nonaccrual | 66 | |||||
| Still Accruing | 0 | |||||
| Commercial Portfolio Segment [Member] | Multifamily Loan [Member] | Nonperforming Financial Instruments [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 66 | |||||
| Residential Portfolio Segment [Member] | ||||||
| Nonaccrual, No Allowance | 617 | 0 | ||||
| Nonaccrual, With Allowance | 1,377 | 1,170 | ||||
| Nonaccrual | 1,994 | 1,170 | ||||
| Still Accruing | 0 | 0 | ||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 353,442 | 328,854 | |||
| Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 1,994 | 1,170 | ||||
| Commercial And Industrial [Member] | ||||||
| Nonaccrual, No Allowance | 0 | 0 | ||||
| Nonaccrual, With Allowance | 159 | 223 | ||||
| Nonaccrual | 159 | 223 | ||||
| Still Accruing | 0 | 0 | ||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 229,034 | 221,508 | |||
| Commercial And Industrial [Member] | Nonperforming Financial Instruments [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 159 | 223 | ||||
| Home Equity Lines of Credit [Member] | ||||||
| Nonaccrual, No Allowance | 0 | 0 | ||||
| Nonaccrual, With Allowance | 1,017 | 856 | ||||
| Nonaccrual | 1,017 | 856 | ||||
| Still Accruing | 0 | 0 | ||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 143,379 | 127,818 | |||
| Home Equity Lines of Credit [Member] | Nonperforming Financial Instruments [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 1,017 | 856 | ||||
| Construction and Other [Member] | ||||||
| Nonaccrual, No Allowance | 0 | 0 | ||||
| Nonaccrual, With Allowance | 493 | 0 | ||||
| Nonaccrual | 493 | 0 | ||||
| Still Accruing | 0 | 0 | ||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 103,608 | 125,105 | |||
| Construction and Other [Member] | Nonperforming Financial Instruments [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | 493 | 0 | ||||
| Consumer Portfolio Segment [Member] | ||||||
| Nonaccrual, No Allowance | 162 | 153 | ||||
| Nonaccrual, With Allowance | 3 | 7 | ||||
| Nonaccrual | 165 | 160 | ||||
| Still Accruing | 0 | 0 | ||||
| Financing Receivable, before Allowance for Credit Loss, Total | [1],[2] | 6,564 | 7,214 | |||
| Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||||
| Financing Receivable, before Allowance for Credit Loss, Total | $ 165 | $ 160 | ||||
| ||||||
Note 7 - Loans and Related Allowance for Credit Losses - Troubled Debt Restructurings (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Modified, Amortized cost | $ 22,272 | $ 21,817 |
| to Total Financing Receivables, Percentage | 1.50% | 1.60% |
| Payment Deferral [Member] | ||
| Modified, Amortized cost | $ 0 | $ 0 |
| Extended Maturity [Member] | ||
| Modified, Amortized cost | 9,121 | 19,310 |
| Payment Deferral and Extended Maturity [Member] | ||
| Modified, Amortized cost | 13,151 | 2,507 |
| Interest Rate Reduction and Term Past Due [Member] | ||
| Modified, Amortized cost | 0 | 0 |
| Interest Rate Reduction and Principal Forgiveness [Member] | ||
| Modified, Amortized cost | 0 | 0 |
| Commercial Portfolio Segment [Member] | Non-owner occupied Loan [Member] | ||
| Modified, Amortized cost | $ 21,565 | $ 2,652 |
| to Total Financing Receivables, Percentage | 1.40% | 0.20% |
| Commercial Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Payment Deferral [Member] | ||
| Modified, Amortized cost | $ 0 | $ 0 |
| Commercial Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Extended Maturity [Member] | ||
| Modified, Amortized cost | 8,414 | 145 |
| Commercial Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Payment Deferral and Extended Maturity [Member] | ||
| Modified, Amortized cost | 13,151 | 2,507 |
| Commercial Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Interest Rate Reduction and Term Past Due [Member] | ||
| Modified, Amortized cost | 0 | 0 |
| Commercial Portfolio Segment [Member] | Non-owner occupied Loan [Member] | Interest Rate Reduction and Principal Forgiveness [Member] | ||
| Modified, Amortized cost | 0 | 0 |
| Commercial Portfolio Segment [Member] | Multifamily Loan [Member] | ||
| Modified, Amortized cost | $ 707 | |
| to Total Financing Receivables, Percentage | 4.70% | |
| Commercial Portfolio Segment [Member] | Multifamily Loan [Member] | Payment Deferral [Member] | ||
| Modified, Amortized cost | $ 0 | |
| Commercial Portfolio Segment [Member] | Multifamily Loan [Member] | Extended Maturity [Member] | ||
| Modified, Amortized cost | 707 | |
| Commercial Portfolio Segment [Member] | Multifamily Loan [Member] | Payment Deferral and Extended Maturity [Member] | ||
| Modified, Amortized cost | 0 | |
| Commercial Portfolio Segment [Member] | Multifamily Loan [Member] | Interest Rate Reduction and Term Past Due [Member] | ||
| Modified, Amortized cost | 0 | |
| Commercial Portfolio Segment [Member] | Multifamily Loan [Member] | Interest Rate Reduction and Principal Forgiveness [Member] | ||
| Modified, Amortized cost | $ 0 | |
| Residential Portfolio Segment [Member] | ||
| Modified, Amortized cost | $ 19,074 | |
| to Total Financing Receivables, Percentage | 1.40% | |
| Residential Portfolio Segment [Member] | Payment Deferral [Member] | ||
| Modified, Amortized cost | $ 0 | |
| Residential Portfolio Segment [Member] | Extended Maturity [Member] | ||
| Modified, Amortized cost | 19,074 | |
| Residential Portfolio Segment [Member] | Payment Deferral and Extended Maturity [Member] | ||
| Modified, Amortized cost | 0 | |
| Residential Portfolio Segment [Member] | Interest Rate Reduction and Term Past Due [Member] | ||
| Modified, Amortized cost | 0 | |
| Residential Portfolio Segment [Member] | Interest Rate Reduction and Principal Forgiveness [Member] | ||
| Modified, Amortized cost | 0 | |
| Commercial And Industrial [Member] | ||
| Modified, Amortized cost | $ 83 | |
| to Total Financing Receivables, Percentage | 0.00% | |
| Commercial And Industrial [Member] | Payment Deferral [Member] | ||
| Modified, Amortized cost | $ 0 | |
| Commercial And Industrial [Member] | Extended Maturity [Member] | ||
| Modified, Amortized cost | 83 | |
| Commercial And Industrial [Member] | Payment Deferral and Extended Maturity [Member] | ||
| Modified, Amortized cost | 0 | |
| Commercial And Industrial [Member] | Interest Rate Reduction and Term Past Due [Member] | ||
| Modified, Amortized cost | 0 | |
| Commercial And Industrial [Member] | Interest Rate Reduction and Principal Forgiveness [Member] | ||
| Modified, Amortized cost | 0 | |
| Consumer Portfolio Segment [Member] | ||
| Modified, Amortized cost | $ 8 | |
| to Total Financing Receivables, Percentage | 0.00% | |
| Consumer Portfolio Segment [Member] | Payment Deferral [Member] | ||
| Modified, Amortized cost | $ 0 | |
| Consumer Portfolio Segment [Member] | Extended Maturity [Member] | ||
| Modified, Amortized cost | 8 | |
| Consumer Portfolio Segment [Member] | Payment Deferral and Extended Maturity [Member] | ||
| Modified, Amortized cost | 0 | |
| Consumer Portfolio Segment [Member] | Interest Rate Reduction and Term Past Due [Member] | ||
| Modified, Amortized cost | 0 | |
| Consumer Portfolio Segment [Member] | Interest Rate Reduction and Principal Forgiveness [Member] | ||
| Modified, Amortized cost | $ 0 | |
Note 8 - Premises and Equipment (Details Textual) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Depreciation | $ 1.6 | $ 1.7 |
Note 8 - Premises and Equipment - Major Classifications of Premises and Equipment (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Land and land improvements | $ 4,896 | $ 4,896 |
| Building and leasehold improvements | 21,190 | 21,014 |
| Furniture, fixtures, and equipment | 10,564 | 10,104 |
| Financing right-of-use assets | 4,990 | 4,990 |
| Construction in process | 139 | 0 |
| Total premises and equipment | 41,779 | 41,004 |
| Less accumulated depreciation and amortization | 21,214 | 19,665 |
| Total premises and equipment, net | $ 20,565 | $ 21,339 |
Note 9 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Finite-Lived Core Deposits, Gross | $ 5,600 | $ 6,600 |
| Amortization of Intangible Assets | 1,031 | 1,059 |
| Core Deposits [Member] | ||
| Finite-Lived Intangible Assets, Accumulated Amortization | $ 4,200 | $ 3,200 |
| Finite-Lived Intangible Asset, Useful Life (Year) | 10 years | 10 years |
Note 9 - Goodwill and Intangible Assets - Goodwill (Details) $ in Thousands |
12 Months Ended |
|---|---|
|
Dec. 31, 2023
USD ($)
| |
| Measurement period adjustment | $ 4,621 |
| Balance | $ 36,356 |
Note 9 - Goodwill and Intangible Assets - Estimated Aggregate Future Amortization Expense for Core Deposit Intangible Assets (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| 2025 | $ 998 | |
| 2026 | 968 | |
| 2027 | 691 | |
| 2028 | 665 | |
| 2029 | 582 | |
| Thereafter | 1,707 | |
| Total | $ 5,611 | $ 6,642 |
Note 9 - Goodwill and Intangible Assets - Activity for Mortgage Servicing Rights (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Beginning of year | $ 1,636 | $ 2,072 |
| Additions | 58 | 60 |
| Amortization | (197) | (496) |
| End of year | $ 1,497 | $ 1,636 |
Note 10 - Deposits (Details Textual) - USD ($) $ in Millions |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Time Deposits, at or Above FDIC Insurance Limit | $ 56.6 | $ 117.6 |
Note 10 - Deposits - Scheduled Maturities of Time Deposits (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| 2025 | $ 208,881 | |
| 2026 | 7,877 | |
| 2027 | 28,055 | |
| 2028 | 1,883 | |
| 2029 | 1,008 | |
| Total | $ 247,704 | $ 334,315 |
Note 11 - Short-term Borrowings (Details Textual) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Long-Term Line of Credit | $ 0 | $ 0 |
| Federal Home Loan Bank Advances, Additional Borrowing Capacity | 381,700 | $ 430,100 |
| Line of Credit 1 [Member] | ||
| Line of Credit Facility, Maximum Borrowing Capacity | 6,000 | |
| Line of Credit 2 [Member] | ||
| Line of Credit Facility, Maximum Borrowing Capacity | $ 10,000 |
Note 11 - Short-term Borrowings - Outstanding Balances and Related Information of Short-term Borrowings (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Balance at year-end | $ 172,400 | $ 163,000 |
| Average balance outstanding | 122,506 | 101,088 |
| Maximum month-end balance | $ 172,400 | $ 163,000 |
| Weighted-average rate at year-end | 4.42% | 5.47% |
| Weighted-average rate during the year | 5.40% | 5.33% |
Note 12 - Other Borrowings (Details Textual) - USD ($) |
1 Months Ended | 12 Months Ended | |
|---|---|---|---|
Dec. 31, 2006 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Stock Issued During Period, Value, New Issues | $ 248,000 | ||
| Standby Letters of Credit [Member] | |||
| Letters of Credit Outstanding, Amount | $ 25,000,000 | ||
| Other Borrowings [Member] | |||
| Notes Payable, Total | $ 8,200,000 | $ 8,200,000 | |
| Notes Payable, Other Payables [Member] | |||
| Debt Instrument, Basis Spread on Variable Rate | 1.67% | 1.67% | |
| Debt, Weighted Average Interest Rate | 7.23% | 7.16% | |
| Debt Instrument, Annual Principal Payment | $ 0 | ||
| Special Purpose Entity [Member] | |||
| Securities Sold under Agreements to Repurchase, Total | $ 8,000,000 |
Note 12 - Other Borrowings - Other Borrowings (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Other Borrowings | $ 11,660 | $ 11,862 |
| Finance Lease Liabilities [Member] | ||
| Other Borrowings | 3,412 | 3,614 |
| Junior Subordinated Debt [Member] | ||
| Other Borrowings | $ 8,248 | $ 8,248 |
Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Deferred Tax Assets, Valuation Allowance | $ 0 | $ 0 |
| Unrecognized Tax Benefits | 0 | $ 0 |
| Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit | $ 0 | |
| Open Tax Year | 2021 2022 2023 2024 |
Note 13 - Income Taxes - The Provision (Benefit) for Federal Income Taxes (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Current payable | $ 2,627 | $ 4,092 |
| Deferred | 198 | (705) |
| Total provision | $ 2,825 | $ 3,387 |
Note 13 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Deferred tax assets: | ||
| Allowance for credit losses | $ 4,714 | $ 4,469 |
| Supplemental retirement plan | 839 | 959 |
| Investment security basis adjustment | 18 | 18 |
| Nonaccrual interest income | 533 | 387 |
| Accrued compensation | 443 | 494 |
| Deferred origination fees, net | 0 | 878 |
| Net unrealized loss on AFS securities | 5,336 | 4,277 |
| Lease liability | 802 | 111 |
| Acquisition fair value adjustments | 64 | 77 |
| Other | 394 | 374 |
| Gross deferred tax assets | 13,143 | 12,044 |
| Deferred tax liabilities: | ||
| Premises and equipment | 1,041 | 961 |
| Deferred origination fees, net | 268 | 0 |
| Net unrealized gain on equity securities | 19 | 27 |
| FHLB stock dividends | 64 | 115 |
| Intangibles | 478 | 478 |
| Mortgage servicing rights | 314 | 344 |
| Right of use assets | 758 | 843 |
| Other | 103 | 39 |
| Gross deferred tax liabilities | 3,045 | 2,807 |
| Net deferred tax assets | $ 10,098 | $ 9,237 |
Note 13 - Income Taxes - Tax Rate Reconciliation (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Provision at statutory rate, amount | $ 3,852 | $ 4,358 |
| Provision at statutory rate, percent | 21.00% | 21.00% |
| Tax-exempt income, amount | $ (1,088) | $ (1,044) |
| Tax-exempt income, percent | (5.90%) | (5.00%) |
| Nondeductible interest expense, amount | $ 42 | $ 22 |
| Nondeductible interest expense, percent | 0.20% | 0.10% |
| Other, amount | $ 19 | $ 51 |
| Other, percent | 0.10% | 0.10% |
| Total provision | $ 2,825 | $ 3,387 |
| Actual tax expense and effective rate, percent | 15.40% | 16.20% |
Note 14 - Employee Benefits (Details Textual) - USD ($) |
12 Months Ended | ||
|---|---|---|---|
May 10, 2017 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Share-Based Payment Arrangement, Expense | $ 714,000 | $ 391,000 | |
| Share-Based Payment Arrangement, Expense, Tax Benefit | 150,000 | 82,000 | |
| Deferred Compensation Share-Based Arrangements, Liability, Current and Noncurrent | $ 462,000 | $ 758,000 | |
| Share-Based Payment Arrangement, Nonemployee [Member] | |||
| Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture (in shares) | 6,768 | 7,475 | |
| Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture | $ 187,000 | $ 203,000 | |
| Restricted Stock [Member] | |||
| Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year) | 2 years 4 months 24 days | ||
| Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares) | 70,538 | 36,173 | |
| Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 19,745 | 10,713 | |
| Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 22.98 | $ 27.57 | |
| Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 1,800,000 | ||
| Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 1 month 6 days | ||
| Restricted Stock [Member] | Vested in Stock [Member] | |||
| Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 311,000 | 195,000 | |
| Restricted Stock [Member] | Vested in Cash [Member] | |||
| Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 213,000 | $ 114,000 | |
| Retirement Plan [Member] | |||
| Defined Contribution Plan Employer Voluntary Matching Bank Contribution | 66.00% | 66.00% | |
| Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 6.00% | 6.00% | |
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 6 years | ||
| Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 520,000 | $ 641,000 | |
| Retirement Plan [Member] | Middlefield Banking Company [Member] | |||
| Defined Contribution Plan Annual Vesting Percentage | 20.00% | ||
| Executive Deferred Compensation Plan [Member] | Middlefield Banking Company [Member] | |||
| Deferred Compensation Arrangement with Individual, Recorded Liability | $ 3,500,000 | 3,800,000 | |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 91,000 | $ 437,000 | |
| The 2017 Plan [Member] | |||
| Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 448,000 | ||
| Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year) | 10 years | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) | 352,063 | ||
Note 14 - Employee Benefits - Restricted Stock Activity (Details) - Restricted Stock [Member] - $ / shares |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Granted, weighted average grant date fair value per share (in dollars per share) | $ 22.98 | $ 27.57 |
| Vested, shares (in shares) | (19,745) | (10,713) |
| Vesting Contingent on Service Conditions, Payable in Stock or Cash [Member] | ||
| Nonvested, shares (in shares) | 78,573 | |
| Nonvested, weighted average grant date fair value per share (in dollars per share) | $ 25.95 | |
| Granted, shares (in shares) | 0 | |
| Granted, weighted average grant date fair value per share (in dollars per share) | $ 0 | |
| Vested, shares (in shares) | (19,745) | |
| Vested, weighted average grant date fair value per share (in dollars per share) | $ 23.62 | |
| Forfeited, shares (in shares) | (24,829) | |
| Forfeited, weighted average grant date fair value per share (in dollars per share) | $ 20.07 | |
| Nonvested, shares (in shares) | 33,999 | 78,573 |
| Nonvested, weighted average grant date fair value per share (in dollars per share) | $ 26.93 | $ 25.95 |
| Vesting Contingent on Service Conditions, Payable in Stock [Member] | ||
| Nonvested, shares (in shares) | 0 | |
| Nonvested, weighted average grant date fair value per share (in dollars per share) | $ 0 | |
| Granted, shares (in shares) | 26,417 | |
| Granted, weighted average grant date fair value per share (in dollars per share) | $ 24.02 | |
| Vested, shares (in shares) | 0 | |
| Vested, weighted average grant date fair value per share (in dollars per share) | $ 0 | |
| Forfeited, shares (in shares) | 0 | |
| Forfeited, weighted average grant date fair value per share (in dollars per share) | $ 0 | |
| Nonvested, shares (in shares) | 26,417 | 0 |
| Nonvested, weighted average grant date fair value per share (in dollars per share) | $ 24.02 | $ 0 |
| Vesting Contingent on Performance and Service Conditions, Payable in Stock [Member] | ||
| Nonvested, shares (in shares) | 0 | |
| Nonvested, weighted average grant date fair value per share (in dollars per share) | $ 0 | |
| Granted, shares (in shares) | 44,121 | |
| Granted, weighted average grant date fair value per share (in dollars per share) | $ 22.35 | |
| Vested, shares (in shares) | 0 | |
| Vested, weighted average grant date fair value per share (in dollars per share) | $ 0 | |
| Forfeited, shares (in shares) | 0 | |
| Forfeited, weighted average grant date fair value per share (in dollars per share) | $ 0 | |
| Nonvested, shares (in shares) | 44,121 | 0 |
| Nonvested, weighted average grant date fair value per share (in dollars per share) | $ 22.35 | $ 0 |
Note 14 - Employee Benefits - Assumptions (Details) - Restricted Stock [Member] |
12 Months Ended |
|---|---|
Dec. 31, 2024 | |
| Expected volatility, minimum | 21.31% |
| Expected volatility, maximum | 60.78% |
| Expected dividends | 0.00% |
| Expected term (in years) (Year) | 2 years 4 months 24 days |
| Risk-free rate | 3.86% |
| Weighted Average [Member] | |
| Average volatility | 32.73% |
Note 15 - Commitments and Contingent Liabilities (Details Textual) |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
|
| Investment, Proportional Amortization Method, Elected, Amount | $ 1,800,000 | $ 2,000,000 |
| Investment Program, Proportional Amortization Method, Applied, Amortization Expense | 127,000 | 35,000 |
| Investment Program, Proportional Amortization Method, Elected, Commitment | 1,500,000 | 1,700,000 |
| Insurance Policy, Aggregate Limit | 3,000,000 | |
| Insurance Policy, Deductible | $ 50,000 | |
| Number of Branch Locations by Utilized Leases | 6 | |
| Lease, Right-of-Use Asset, Net | $ 3,600,000 | |
| Finance Lease, Right-of-Use Asset, after Accumulated Amortization | 3,200,000 | 3,500,000 |
| Operating Lease, Right-of-Use Asset | 400,000 | $ 560,000 |
| Finance Lease, Liability | 3,412,000 | |
| Operating Lease, Liability | $ 406,000 | |
| Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration] | Other Noninterest Expense | |
| Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Cash Flows [Extensible Enumeration] | Depreciation, Amortization and Accretion, Net | |
| Investment, Proportional Amortization Method, Elected, Statement of Financial Position [Extensible Enumeration] | Interest Receivable and Other Assets | Interest Receivable and Other Assets |
| Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Interest Receivable and Other Assets | Interest Receivable and Other Assets |
| Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Other Borrowings | |
| Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Accrued Liabilities and Other Liabilities | |
| Minimum [Member] | ||
| Lessee, Operating Lease, Remaining Lease Term (Year) | 2 years | |
| Maximum [Member] | ||
| Lessee, Operating Lease, Remaining Lease Term (Year) | 17 years | |
Note 15 - Commitments and Contingent Liabilities - Outstanding Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Commitments | $ 468,804 | $ 424,836 |
| Commitments to Extend Credit [Member] | ||
| Commitments | 468,006 | 418,952 |
| Financial Standby Letter of Credit [Member] | ||
| Commitments | $ 798 | $ 5,884 |
Note 15 - Commitments and Contingent Liabilities - Leases Costs (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Finance lease cost, Amortization of right-of-use asset | $ 248 | $ 248 |
| Finance lease cost, Interest Expense | 106 | 112 |
| Finance lease cost, Other | 43 | 47 |
| Operating lease cost | 218 | 216 |
| Total lease cost | $ 615 | $ 623 |
Note 15 - Commitments and Contingent Liabilities - Weighted Average Remaining Lease Term and Discount Rate Information (Details) |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Weighted-average term (years), Operating Lease (Year) | 3 years 7 months 6 days | 4 years 2 months 12 days |
| Weighted-average term (years), Finance Lease (Year) | 13 years 7 months 6 days | 14 years 7 months 6 days |
| Weighted-average discount rate, Operating Lease | 2.10% | 1.90% |
| Weighted-average discount rate, Finance Lease | 3.00% | 3.00% |
Note 15 - Commitments and Contingent Liabilities - Maturities of Lease Liabilities (Details) |
Dec. 31, 2024
USD ($)
|
|---|---|
| 2025, operating | $ 169,000 |
| 2025, finance | 314,000 |
| 2026, operating | 134,000 |
| 2026, finance | 320,000 |
| 2027, operating | 27,000 |
| 2027, finance | 320,000 |
| 2028, operating | 27,000 |
| 2028, finance | 320,000 |
| 2029, operating | 27,000 |
| 2029, finance | 320,000 |
| 2026 and thereafter, operating | 41,000 |
| 2026 and thereafter, finance | 2,566,000 |
| Total undiscounted cash flows, operating | 425,000 |
| Total undiscounted cash flows, finance | 4,160,000 |
| Impact of present value discount, operating | (19,000) |
| Impact of present value discount, finance | (748,000) |
| Operating Lease, Liability | 406,000 |
| Finance Lease, Liability | $ 3,412,000 |
Note 16 - Regulatory Restrictions (Details Textual) $ in Millions |
Dec. 31, 2024
USD ($)
|
|---|---|
| Percent of Common Stock | 10.00% |
| Amount Available for Payment of Dividends | $ 13.2 |
Note 17 - Regulatory Capital (Details Textual) |
Dec. 31, 2024 |
|---|---|
| Banking Regulation, Capital Conservation Buffer, Capital Conserved, Minimum | 0.025 |
Note 17 - Regulatory Capital - Capital Ratios (Details) |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Leverage capital, adequately capitalized, ratio | 0.04 | 0.04 |
| Tier 1 risk based capital, adequately capitalized, ratio | 0.06 | 0.06 |
| Common equity tier 1 capital, adequately capitalized, ratio | 4.50% | 4.50% |
| Total risk based capital, adequately capitalized, ratio | 0.08 | 0.08 |
| Leverage capital, adequately capitalized plus capital conservation buffer, ratio | 4.00% | 4.00% |
| Tier 1 risk based capital, adequately capitalized plus capital conservation buffer, ratio | 8.50% | 8.50% |
| Common equity tier 1 capital, adequately capitalized plus capital conservation buffer, ratio | 7.00% | 7.00% |
| Total risk based capital, adequately capitalized plus capital conservation buffer, ratio | 10.50% | 10.50% |
| Middlefield Banking Company [Member] | ||
| Leverage capital, actual, ratio | 0.107 | 0.1048 |
| Tier 1 risk based capital, actual, ratio | 0.1199 | 0.1182 |
| Common equity tier 1 capital, actual, ratio | 11.99% | 11.82% |
| Total risk based capital, actual, ratio | 0.1324 | 0.1308 |
| Leverage capital, well-capitalized, ratio (bank only) | 0.05 | 0.05 |
| Tier 1 risk based capital, well-capitalized, ratio (bank only) | 0.08 | 0.08 |
| Common equity tier 1 capital, well-capitalized, ratio (bank only) | 6.50% | 6.50% |
| Total risk based capital, well-capitalized, ratio (bank only) | 0.10 | 0.10 |
| Middlefield Banc Corp [Member] | ||
| Leverage capital, actual, ratio | 0.1086 | 0.1068 |
| Tier 1 risk based capital, actual, ratio | 0.1228 | 0.1218 |
| Common equity tier 1 capital, actual, ratio | 11.78% | 11.66% |
| Total risk based capital, actual, ratio | 0.1354 | 0.1343 |
Note 18 - Related Party Transaction (Details Textual) - USD ($) $ in Millions |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Related Party Deposit Liabilities | $ 32.5 | $ 33.1 |
Note 18 - Related Party Transaction - Loans to Related Party (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Beginning balance | $ 24,185 | $ 2,057 |
| New loans | 3,362 | 23,922 |
| Repayments | (1,377) | (1,794) |
| Effect of change in related party status | (56) | 0 |
| Ending balance | $ 26,114 | $ 24,185 |
Note 19 - Segment Reporting (Details Textual) |
12 Months Ended |
|---|---|
Dec. 31, 2024 | |
| Number of Operating Segments | 1 |
Note 19 - Segment Reporting - Schedule of Segment Data (Details) - USD ($) $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Net interest income | $ 60,680 | $ 65,203 | ||
| Noninterest income | 7,213 | 6,691 | ||
| Total revenue | 67,893 | 71,894 | ||
| Provision for credit losses | 2,008 | 3,002 | ||
| Salaries and employee benefits | 24,641 | 24,511 | ||
| Occupancy expenses | 2,376 | 2,566 | ||
| Data processing costs | 4,740 | 4,588 | ||
| Other noninterest expense (1) | [1] | 15,784 | 16,472 | |
| Income taxes | 2,825 | 3,387 | ||
| Net income | 15,519 | 17,368 | ||
| Total assets | 1,853,359 | 1,822,883 | ||
| Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | ||||
| Net interest income | (595) | (602) | ||
| Noninterest income | (40) | (102) | ||
| Total revenue | (635) | (704) | ||
| Provision for credit losses | 0 | 0 | ||
| Salaries and employee benefits | 1,074 | 751 | ||
| Occupancy expenses | 0 | 0 | ||
| Data processing costs | 0 | 0 | ||
| Other noninterest expense (1) | [1] | 2,829 | 2,609 | |
| Income taxes | (953) | (854) | ||
| Net income | (3,585) | (3,210) | ||
| Total assets | 1,671 | 2,659 | ||
| Bank Segment [Member] | Operating Segments [Member] | ||||
| Net interest income | 61,275 | 65,805 | ||
| Noninterest income | 7,253 | 6,793 | ||
| Total revenue | 68,528 | 72,598 | ||
| Provision for credit losses | 2,008 | 3,002 | ||
| Salaries and employee benefits | 23,567 | 23,760 | ||
| Occupancy expenses | 2,376 | 2,566 | ||
| Data processing costs | 4,740 | 4,588 | ||
| Other noninterest expense (1) | [1] | 12,955 | 13,863 | |
| Income taxes | 3,778 | 4,241 | ||
| Net income | 19,104 | 20,578 | ||
| Total assets | $ 1,851,688 | $ 1,820,224 | ||
| ||||
Note 20 - Parent Company - Condensed Balance Sheet (Details) - USD ($) |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|---|
| Cash and due from banks | $ 46,037,000 | $ 56,397,000 | |
| Equity Securities, FV-NI, Current | 855,000 | 955,000 | |
| TOTAL ASSETS | 1,853,359,000 | 1,822,883,000 | |
| TOTAL LIABILITIES | 1,642,797,000 | 1,617,202,000 | |
| STOCKHOLDERS' EQUITY | 210,562,000 | 205,681,000 | $ 197,691,000 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,853,359,000 | 1,822,883,000 | |
| Parent Company [Member] | |||
| Cash and due from banks | 4,036,000 | 4,065,000 | |
| Equity Securities, FV-NI, Current | 503,000 | 544,000 | |
| Other assets | 1,168,000 | 2,125,000 | |
| TOTAL ASSETS | 219,428,000 | 214,833,000 | |
| Other borrowings | 8,248,000 | 8,248,000 | |
| Other liabilities | 618,000 | 904,000 | |
| TOTAL LIABILITIES | 8,866,000 | 9,152,000 | |
| STOCKHOLDERS' EQUITY | 210,562,000 | 205,681,000 | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 219,428,000 | 214,833,000 | |
| Parent Company [Member] | Non Bank Subsidiary [Member] | |||
| Equity method investments | 1,000 | 1,000 | |
| Parent Company [Member] | Subsidiary Banks [Member] | |||
| Equity method investments | $ 213,720,000 | $ 208,098,000 |
Note 20 - Parent Company - Condensed Statement of Comprehensive Income (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Total income | $ 101,262 | $ 90,301 |
| Interest expense | 40,582 | 25,098 |
| Salaries and employee benefits | 24,641 | 24,511 |
| Ohio state franchise tax | 1,583 | 1,578 |
| Income taxes | 2,825 | 3,387 |
| NET INCOME | 15,519 | 17,368 |
| COMPREHENSIVE INCOME | 11,536 | 23,422 |
| Parent Company [Member] | ||
| Dividends from bank subsidiary | 9,500 | 17,000 |
| Loss on equity securities | (41) | (100) |
| Other income | 2 | 3 |
| Total income | 9,462 | 16,903 |
| Interest expense | 597 | 605 |
| Salaries and employee benefits | 1,074 | 751 |
| Ohio state franchise tax | 1,583 | 1,578 |
| Other expense | 1,246 | 1,032 |
| Total expenses | 4,500 | 3,966 |
| Income before income taxes | 4,962 | 12,937 |
| Income taxes | (953) | (854) |
| Income before equity in undistributed net income of subsidiaries | 5,915 | 13,791 |
| Equity in undistributed net income of subsidiaries | 9,604 | 3,578 |
| NET INCOME | 15,519 | 17,368 |
| COMPREHENSIVE INCOME | $ 11,536 | $ 23,422 |
Note 20 - Parent Company - Condensed Statement of Cash Flows (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| NET INCOME | $ 15,519 | $ 17,368 |
| Other, net | (624) | 119 |
| Net cash provided by operating activities | 17,468 | 22,356 |
| Repurchase of common shares | (1,055) | (4,506) |
| Cash dividends | 6,457 | 6,864 |
| Net cash used in financing activities | 20,777 | 111,213 |
| Increase (decrease) in cash | (5,044) | 7,027 |
| Parent Company [Member] | ||
| NET INCOME | 15,519 | 17,368 |
| Equity in undistributed net income of subsidiaries | (9,604) | (3,578) |
| Stock-based compensation, net | 374 | 260 |
| Loss on equity securities | 41 | 100 |
| Other, net | 1,153 | 1,084 |
| Net cash provided by operating activities | 7,483 | 15,234 |
| Repurchase of common shares | (1,055) | (4,506) |
| Cash dividends | (6,457) | (6,864) |
| Net cash used in financing activities | (7,512) | (11,370) |
| Increase (decrease) in cash | (29) | 3,864 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 4,065 | 201 |
| CASH AND CASH EQUIVALENTS AT END OF YEAR | $ 4,036 | $ 4,065 |