Note 4 - Loans (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	2022			2021
	(in thousands)
Commercial (1)	$	230,262		$	220,826
Commercial Real Estate:
Construction		135,159			74,806
Farmland		65,256			68,388
Nonfarm nonresidential		391,701			345,893
Residential Real Estate:
Multi-family		45,222			50,224
1-4 Family		166,988			168,873
Consumer		35,277			36,440
Agriculture		41,498			35,924
Other		491			466
Subtotal		1,111,854			1,001,840
Less: Allowance for loan losses		(13,030	)		(11,531	)
Loans, net	$	1,098,824		$	990,309

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	Commercial			Commercial Real Estate			Residential Real Estate			Consumer			Agriculture		Other		Total
December 31, 2022:	(in thousands)
Beginning balance	$	2,888		$	6,179		$	1,443		$	538		$	480	$	3	$	11,531
Provision (negative provision)		(68	)		(131	)		(27	)		227			79		–		80
Loans charged off		(31	)		(158	)		(400	)		(249	)		–		–		(838	)
Recoveries		38			1,716			383			75			45		–		2,257
Ending balance	$	2,827		$	7,606		$	1,399		$	591		$	604	$	3	$	13,030

	Commercial			Commercial Real Estate			Residential Real Estate			Consumer			Agriculture			Other			Total
December 31, 2021:	(in thousands)
Beginning balance	$	2,529		$	7,050		$	1,899		$	361		$	600		$	4		$	12,443
Provision (negative provision)		206			1,314			(537	)		259			(91	)		(1	)		1,150
Loans charged off		(19	)		(2,302	)		(30	)		(131	)		(44	)		–			(2,526	)
Recoveries		172			117			111			49			15			–			464
Ending balance	$	2,888		$	6,179		$	1,443		$	538		$	480		$	3		$	11,531

	Commercial			Commercial Real Estate			Residential Real Estate			Consumer			Agriculture			Other			Total
December 31, 2020:	(in thousands)
Beginning balance	$	1,710		$	4,080		$	1,743		$	485		$	355		$	3		$	8,376
Provision (negative provision)		822			2,870			135			324			261			(12	)		4,400
Loans charged off		(32	)		(101	)		(130	)		(493	)		(46	)		–			(802	)
Recoveries		29			201			151			45			30			13			469
Ending balance	$	2,529		$	7,050		$	1,899		$	361		$	600		$	4		$	12,443

Impairment Evaluation of Financing Receivables [Table Text Block]

	Commercial		Commercial Real Estate		Residential Real Estate		Consumer		Agriculture		Other		Total
	(in thousands)
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	–	$	–	$	1	$	–	$	–	$	–	$	1
Collectively evaluated for impairment		2,827		7,606		1,398		591		604		3		13,029
Total ending allowance balance	$	2,827	$	7,606	$	1,399	$	591	$	604	$	3	$	13,030

Loans:
Loans individually evaluated for impairment	$	–	$	429	$	441	$	119	$	–	$	–	$	989
Loans collectively evaluated for impairment		230,262		591,687		211,769		35,158		41,498		491		1,110,865
Total ending loans balance	$	230,262	$	592,116	$	212,210	$	35,277	$	41,498	$	491	$	1,111,854

	Commercial		Commercial Real Estate		Residential Real Estate		Consumer		Agriculture		Other		Total
	(in thousands)
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	–	$	–	$	2	$	–	$	–	$	–	$	2
Collectively evaluated for impairment		2,888		6,179		1,441		538		480		3		11,529
Total ending allowance balance	$	2,888	$	6,179	$	1,443	$	538	$	480	$	3	$	11,531

Loans:
Loans individually evaluated for impairment	$	–	$	2,878	$	566	$	12	$	9	$	–	$	3,465
Loans collectively evaluated for impairment		220,826		486,209		218,531		36,428		35,915		466		998,375
Total ending loans balance	$	220,826	$	489,087	$	219,097	$	36,440	$	35,924	$	466	$	1,001,840

Impaired Financing Receivables [Table Text Block]

	Unpaid Principal Balance		Recorded Investment		Allowance For Loan Losses Allocated		Average Recorded Investment		Interest Income Recognized		Cash Basis Income Recognized
	(in thousands)
With No Related Allowance Recorded:
Commercial	$	257	$	—	$	—	$	—	$	1	$	1
Commercial real estate:
Construction		—		—		—		—		—		—
Farmland		80		29		—		95		53		53
Nonfarm nonresidential		1,001		400		—		1,783		202		189
Residential real estate:
Multi-family		—		—		—		—		—		—
1-4 Family		1,181		388		—		479		161		161
Consumer		350		119		—		80		2		2
Agriculture		315		—		—		3		23		23
Other		—		—		—		—		—		—
Subtotal		3,184		936		—		2,440		442		429
With An Allowance Recorded:
Commercial		—		—		—		—		—		—
Commercial real estate:
Construction		—		—		—		—		—		—
Farmland		—		—		—		—		—		—
Nonfarm nonresidential		—		—		—		—		—		—
Residential real estate:
Multi-family		—		—		—		—		—		—
1-4 Family		53		53		1		78		—		—
Consumer		—		—		—		—		—		—
Agriculture		—		—		—		—		—		—
Other		—		—		—		—		—		—
Subtotal		53		53		1		78		—		—
Total	$	3,237	$	989	$	1	$	2,518	$	442	$	429

	Unpaid Principal Balance		Recorded Investment		Allowance For Loan Losses Allocated		Average Recorded Investment		Interest Income Recognized		Cash Basis Income Recognized
	(in thousands)
With No Related Allowance Recorded:
Commercial	$	290	$	—	$	—	$	—	$	—	$	—
Commercial real estate:
Construction		—		—		—		—		—		—
Farmland		302		215		—		520		55		55
Nonfarm nonresidential		7,755		2,663		—		4,430		302		25
Residential real estate:
Multi-family		—		—		—		—		1		1
1-4 Family		1,408		501		—		764		135		126
Consumer		272		12		—		19		1		1
Agriculture		366		9		—		81		7		7
Other		—		—		—		—		—		—
Subtotal		10,393		3,400		—		5,814		501		215
With An Allowance Recorded:
Commercial		—		—		—		—		—		—
Commercial real estate:
Construction		—		—		—		—		—		—
Farmland		—		—		—		—		—		—
Nonfarm nonresidential		—		—		—		—		—		—
Residential real estate:
Multi-family		—		—		—		—		—		—
1-4 Family		65		65		2		95		2		—
Consumer		—		—		—		—		—		—
Agriculture		—		—		—		—		—		—
Other		—		—		—		—		—		—
Subtotal		65		65		2		95		2		—
Total	$	10,458	$	3,465	$	2	$	5,909	$	503	$	215

	Unpaid Principal Balance		Recorded Investment		Allowance For Loan Losses Allocated		Average Recorded Investment		Interest Income Recognized		Cash Basis Income Recognized
	(in thousands)
With No Related Allowance Recorded:
Commercial	$	308	$	—	$	—	$	82	$	16	$	16
Commercial real estate:
Construction		—		—		—		—		—		—
Farmland		555		456		—		326		45		45
Nonfarm nonresidential		1,323		549		—		501		44		15
Residential real estate:
Multi-family		—		—		—		—		—		—
1-4 Family		1,883		954		—		894		86		83
Consumer		259		—		—		55		3		3
Agriculture		393		91		—		27		—		—
Other		—		—		—		—		—		—
Subtotal		4,721		2,050		—		1,885		194		162
With An Allowance Recorded:
Commercial		—		—		—		5		—		—
Commercial real estate:
Construction		—		—		—		—		—		—
Farmland		—		—		—		198		4		—
Nonfarm nonresidential		6,465		4,356		2,176		901		263		—
Residential real estate:
Multi-family		—		—		—		—		—		—
1-4 Family		106		106		1		102		9		—
Consumer		—		—		—		—		—		—
Agriculture		—		—		—		—		—		—
Other		—		—		—		—		—		—
Subtotal		6,571		4,462		2,177		1,206		276		—
Total	$	11,292	$	6,512	$	2,177	$	3,091	$	470	$	162

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	TDRs Performing to Modified Terms		TDRs Not Performing to Modified Terms		Total TDRs
	(in thousands)
December 31, 2022
Commercial Real Estate:
Nonfarm nonresidential	$	133	$	—	$	133
Residential Real Estate:
1-4 Family		—		53		53
Total TDRs	$	133	$	53	$	186


December 31, 2021
Commercial Real Estate:
Nonfarm nonresidential	$	340	$	—	$	340
Residential Real Estate:
1-4 Family		—		65		65
Total TDRs	$	340	$	65	$	405

Schedule of Troubled Debt Restructurings Postmodification[Table Text Block]

	TDRs Performing to Modified Terms		TDRs Not Performing to Modified Terms		Total TDRs
	(in thousands)
December 31, 2021
Residential Real Estate:
1-4 Family	$	180	$	—	$	180
Total TDRs	$	180	$	—	$	180

Financing Receivable, Past Due [Table Text Block]

	30 – 59 Days Past Due		60 – 89 Days Past Due		90 Days And Over Past Due		Nonaccrual		Total Past Due And Nonaccrual
	(in thousands)
December 31, 2022
Commercial	$	32	$	—	$	—	$	—	$	32
Commercial Real Estate:
Construction		—		—		—		—		—
Farmland		219		29		—		28		276
Nonfarm nonresidential		577		—		—		268		845
Residential Real Estate:
Multi-family		—		—		—		—		—
1-4 Family		913		239		—		441		1,593
Consumer		178		—		—		119		297
Agriculture		—		—		—		—		—
Other		—		—		—		—		—
Total	$	1,919	$	268	$	—	$	856	$	3,043

	30 – 59 Days Past Due		60 – 89 Days Past Due		90 Days And Over Past Due		Nonaccrual		Total Past Due And Nonaccrual
	(in thousands)
December 31, 2021
Commercial	$	6	$	—	$	—	$	—	$	6
Commercial Real Estate:
Construction		—		—		—		—		—
Farmland		—		—		—		215		215
Nonfarm nonresidential		—		34		—		2,323		2,357
Residential Real Estate:
Multi-family		—		—		—		—		—
1-4 Family		513		148		—		566		1,227
Consumer		37		28		—		12		77
Agriculture		—		—		—		8		8
Other		—		—		—		—		—
Total	$	556	$	210	$	—	$	3,124	$	3,890

Financing Receivable Credit Quality Indicators [Table Text Block]

	Pass		Watch		Special Mention		Substandard		Doubtful		Total
	(in thousands)
December 31, 2022
Commercial	$	222,420	$	3,503	$	—	$	4,339	$	—	$	230,262
Commercial Real Estate:
Construction		132,618		2,541		—		—		—		135,159
Farmland		63,303		1,594		—		359		—		65,256
Nonfarm nonresidential		385,434		5,981		—		286		—		391,701
Residential Real Estate:
Multi-family		45,222		—		—		—		—		45,222
1-4 Family		164,150		1,525		—		1,313		—		166,988
Consumer		35,032		20		—		225		—		35,277
Agriculture		40,660		25		—		813		—		41,498
Other		491		—		—		—		—		491
Total	$	1,089,330	$	15,189	$	—	$	7,335	$	—	$	1,111,854

	Pass		Watch		Special Mention		Substandard		Doubtful		Total
	(in thousands)
December 31, 2021
Commercial	$	207,729	$	5,207	$	—	$	7,890	$	—	$	220,826
Commercial Real Estate:
Construction		74,806		—		—		—		—		74,806
Farmland		65,836		170		—		2,382		—		68,388
Nonfarm nonresidential		341,780		413		—		3,700		—		345,893
Residential Real Estate:
Multi-family		50,224		—		—		—		—		50,224
1-4 Family		164,850		2,038		—		1,985		—		168,873
Consumer		36,408		5		—		27		—		36,440
Agriculture		35,863		23		—		38		—		35,924
Other		466		—		—		—		—		466
Total	$	977,962	$	7,856	$	—	$	16,022	$	—	$	1,001,840

LIMESTONE BANCORP, INC. 10-K