Cover Page
Cover Page - shares | 3 Months Ended | |
Mar. 31, 2020 | May 06, 2020 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | CIZN | |
Entity Registrant Name | CITIZENS HOLDING CO /MS/ | |
Entity Central Index Key | 0001075706 | |
Current Fiscal Year End Date | --12-31 | |
Entity Current Reporting Status | Yes | |
Entity Shell Company | false | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Address, State or Province | MS | |
Entity Interactive Data Current | Yes | |
Title of 12(b) Security | Common Stock | |
Security Exchange Name | NASDAQ | |
Entity Common Stock, Shares Outstanding | 5,590,131 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
ASSETS | ||
Cash and due from banks | $ 19,610 | $ 15,937 |
Interest bearing deposits with other banks | 61,909 | 58,557 |
Federal funds sold | 1,600 | |
Investment securities available for sale, at fair value | 482,077 | 464,383 |
Loans, net of allowance for loan losses of $3,816 in 2020 and $3,755 in 2019 | 573,163 | 573,312 |
Premises and equipment, net | 24,495 | 24,672 |
Other real estate owned, net | 3,643 | 3,552 |
Accrued interest receivable | 4,106 | 4,181 |
Cash surrender value of life insurance | 25,220 | 25,088 |
Deferred tax assets, net | 1,669 | 3,684 |
Other assets | 20,219 | 20,468 |
TOTAL ASSETS | 1,216,111 | 1,195,434 |
Deposits: | ||
Noninterest-bearing demand | 195,843 | 190,406 |
Interest-bearing NOW and money market accounts | 410,485 | 369,354 |
Savings deposits | 87,422 | 83,065 |
Certificates of deposit | 232,138 | 256,171 |
Total deposits | 925,888 | 898,996 |
Securities sold under agreement to repurchase | 159,442 | 170,410 |
Accrued interest payable | 722 | 1,128 |
Deferred compensation payable | 9,530 | 9,453 |
Other liabilities | 1,785 | 2,647 |
Total liabilities | 1,097,367 | 1,082,634 |
SHAREHOLDERS' EQUITY | ||
Common stock, $0.20 par value, 22,500,000 shares authorized, 5,582,631 shares issued and outstanding at March 31, 2020 and 5,578,131 at December 31, 2019 | 1,117 | 1,116 |
Additional paid-in capital | 18,009 | 17,883 |
Retained earnings | 94,411 | 94,590 |
Accumulated other comprehensive loss, net of tax (expense) benefit of ($1,731) at March 31, 2020 and $262 at December 31, 2019 | 5,207 | (789) |
Total shareholders' equity | 118,744 | 112,800 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 1,216,111 | $ 1,195,434 |
Consolidated Statements of Fi_2
Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Loans, allowance for loan losses | $ 3,816 | $ 3,755 |
Common stock, par value | $ 0.20 | $ 0.20 |
Common stock, shares authorized | 22,500,000 | 22,500,000 |
Common stock, shares issued | 5,582,631 | 5,578,131 |
Common stock, shares outstanding | 5,582,631 | 5,578,131 |
Accumulated other comprehensive loss, tax benefits | $ 1,731 | $ 262 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
INTEREST INCOME | ||
Interest and fees on loans | $ 7,480 | $ 5,450 |
Interest on securities | ||
Taxable | 1,657 | 2,082 |
Nontaxable | 340 | 617 |
Other interest | 232 | 235 |
Total interest income | 9,709 | 8,384 |
INTEREST EXPENSE | ||
Deposits | 1,969 | 1,729 |
Other borrowed funds | 355 | 445 |
Total interest expense | 2,324 | 2,174 |
NET INTEREST INCOME | 7,385 | 6,210 |
PROVISION FOR LOAN LOSSES | 314 | 195 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 7,071 | 6,015 |
OTHER INCOME | ||
Other operating income | 559 | 266 |
Total other income | 2,381 | 2,047 |
OTHER EXPENSES | ||
Salaries and employee benefits | 4,435 | 3,547 |
Occupancy expense | 1,659 | 1,423 |
Other expense | 1,973 | 1,670 |
Total other expenses | 8,067 | 6,640 |
INCOME BEFORE PROVISION FOR INCOME TAXES | 1,385 | 1,422 |
PROVISION FOR INCOME TAXES | 225 | 195 |
NET INCOME | $ 1,160 | $ 1,227 |
NET INCOME PER SHARE -Basic | $ 0.21 | $ 0.25 |
NET INCOME PER SHARE -Diluted | 0.21 | 0.25 |
DIVIDENDS PAID PER SHARE | $ 0.24 | $ 0.24 |
Deposit Account [Member] | ||
OTHER INCOME | ||
Other income | $ 1,049 | $ 1,097 |
Financial Service, Other [Member] | ||
OTHER INCOME | ||
Other income | $ 773 | $ 684 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 1,160 | $ 1,227 |
Securities available-for-sale | ||
Unrealized holding gains | 7,912 | 8,823 |
Income tax effect | (1,974) | (2,201) |
Net unrealized gains (losses) | 5,938 | 6,622 |
Reclassification adjustment for gains included in net income | 77 | |
Income tax effect | (19) | |
Net gains included in net income | 58 | |
Total other comprehensive income | 5,996 | 6,622 |
Comprehensive income | $ 7,156 | $ 7,849 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net cash provided by operating activities | $ 2,340 | $ 1,978 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Proceeds from maturities and calls of securities available for sale | 74,267 | 8,336 |
Proceeds from sale of investment securities | 37,196 | |
Purchases of investment securities available for sale | (122,722) | (63,403) |
Purchases of bank premises and equipment | (70) | (45) |
Decrease in federal funds sold | 1,600 | |
Increase in interest bearing deposits with other banks | (3,352) | (19,042) |
Proceeds from sale of other real estate | ||
Net increase in loans | (258) | (18,200) |
Net cash used in investing activities | (13,339) | (92,354) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net increase in deposits | 26,892 | 83,938 |
(Decrease) increase in securities sold under agreement to repurchase | (10,968) | 7,485 |
Proceeds from exercise of stock options | 87 | |
Payment of dividends | (1,339) | (1,177) |
Net cash provided by financing activities | 14,672 | 90,246 |
Net increase (decrease) in cash and due from banks | 3,673 | (130) |
Cash and due from banks, beginning of period | 15,937 | 12,592 |
Cash and due from banks, end of period | $ 19,610 | $ 12,462 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 1. Summary of Significant Accounting Policies Basis of Presentation These interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). However, these interim consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The interim consolidated financial statements are unaudited and reflect all adjustments and reclassifications, which, in the opinion of management, are necessary for a fair presentation of the results of operations and financial condition as of and for the interim periods presented. All adjustments and reclassifications are of a normal and recurring nature. Results for the period ended March 31, 2020 are not necessarily indicative of the results that may be expected for any other interim period or for the year as a whole. The interim consolidated financial statements of Citizens Holding Company (the “Company”) include the accounts of its wholly-owned subsidiary, The Citizens Bank of Philadelphia (the “Bank” and collectively with the Company, the “Corporation”). In addition to full service commercial banking, the Bank offers title insurance services through its subsidiary, Title Services LLC. All significant intercompany transactions have been eliminated in consolidation. For further information and significant accounting policies of the Corporation, see the Notes to Consolidated Financial Statements of Citizens Holding Company included in the Corporation’s Annual Report on Form 10-K Nature of Business The Bank operates under a state bank charter and provides general banking services. As a state bank, the Bank is subject to regulations of the Mississippi Department of Banking and Consumer Finance and the Federal Deposit Insurance Corporation. The Company is also subject to the regulations of the Federal Reserve. The area served by the Bank is east central and southern counties of Mississippi and the surrounding areas. Services are provided at several branch offices. Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowance for loan losses and valuation of foreclosed real estate, management obtains independent appraisals for significant properties. While management uses available information to recognize losses on loans and to value foreclosed real estate, future additions to the allowance or adjustments to the valuation may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and valuations of foreclosed real estate. Such agencies may require the Company to recognize additions to the allowance or to make adjustments to the valuation based on their judgments about information available to them at the time of their examination. Due to these factors, it is reasonably possible that the allowance for loan losses and valuation of foreclosed real estate may change materially in the near term. Risks and Uncertainties (in thousands, except for number of loans) The outbreak of COVID-19 COVID-19 COVID-19 Congress, the President, and the Federal Reserve have taken several actions designed to cushion the economic fallout. Most notably, the Coronavirus Aid, Relief and Economic Security (“CARES”) Act was signed into law at the end of March 2020 as an over $2 trillion legislative package. The goal of the CARES Act is to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The package also includes extensive emergency funding for hospitals and providers. In addition to the general impact of COVID-19, The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. If the global response to contain COVID-19 COVID-19, Financial position and results of operations The Company’s fee income could be reduced due to COVID-19. In COVID-19 COVID-19 The Company’s interest income could be reduced due to COVID-19. In COVID-19 Capital and liquidity While the Company believes that it has sufficient capital to withstand an extended economic recession brought about by COVID-19, The Company maintains access to multiple sources of liquidity. If an extended recession caused large numbers of the Company’s deposit customers to withdraw their funds, the Company might become more reliant on volatile or more expensive sources of funding. Wholesale funding markets have remained open to us, but rates for short term funding have recently been volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on the Company’s net interest margin. Asset valuation Currently, the Company does not expect COVID-19 COVID-19 non-cash Processes, controls and business continuity plan The Company has invoked its Board approved Pandemic Preparedness Plan that includes a remote working strategy, among other measures. The Company does not anticipate incurring additional material cost related to its continued deployment of the remote working strategy. No material operational or internal control challenges or risks have been identified to date. The Company does not anticipate significant challenges to its ability to maintain its systems and controls in light of the measures the Company has taken to prevent the spread of COVID-19. The Lending operations and accommodations to borrowers In keeping with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the CARES Act, the Company is executing a payment deferral program for its commercial lending clients that are adversely affected by the pandemic. Depending on the demonstrated need of the client, the Company is deferring either the full loan payment or the principal component of the loan payment for 60 or 90 days. As of April 30, 2020, the Company has executed 309 of these deferrals on outstanding loan balances of $148,120. In accordance with interagency guidance issued in March 2020, these short term deferrals are not considered troubled debt restructurings. With the passage of the Paycheck Protection Program (“PPP”), administered by the Small Business Administration (“SBA”), the Company is actively participating in assisting its customers with applications for resources through the program. PPP loans have a two-year Further, in sensitivity and service to its communities during this unprecedented time, the Company is waiving late payment and overdraft fees and has temporarily suspended collection efforts on past due loans. Credit The Company is working with customers directly affected by COVID-19. The COVID-19 COVID-19 Adoption of New Accounting Standards In January 2017, the FASB issued ASU 2017-04, “ Intangibles—Goodwill and Other (Topic 350)—Simplifying the Test for Goodwill Impairment 2017-04”). ASU 2017-04 two-step 2017-04 ASU 2019-13 Fair Value Measurement (Topic 820) – Changes in the Disclosure Requirements for Fair Value Measurement 2019-13”) 2019-13 2019-13 In March 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by COVID-19. 310-40, Receivables – Troubled Debt Restructurings by Creditors 310-40”), COVID-19 Newly Issued, But Not Yet Effective Accounting Standards In June 2016, the FASB issued ASU 2016-13, 2016-13”). 2016-13 2016-13 2016-13 2016-13 2016-13 |
Mergers and Acquisitions
Mergers and Acquisitions | 3 Months Ended |
Mar. 31, 2020 | |
Business Combinations [Abstract] | |
Mergers and Acquisitions | Note 2. Mergers and Acquisitions (in thousands, except share data) Merger with Charter Bank Effective October 1, 2019, the Company completed its acquisition by merger of Charter Bank (“Charter”), in a transaction valued at approximately $19.7 million. The Company issued 666,101 shares of common stock and paid approximately $6.1 million in cash to Charter shareholders, excluding cash paid for fractional shares. At closing, Charter merged with and into the Bank, with the Bank being the surviving corporation in the merger. Operations of Charter will be included in the consolidated financial statements of the Corporation for periods subsequent to the acquisition date. For further information regarding the merger with Charter, see the Notes to Consolidated Financial Statements of Citizens Holding Company included in the Corporation’s Annual Report on Form 10-K |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 3 Months Ended |
Mar. 31, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingent Liabilities | Note 3. Commitments and Contingent Liabilities (in thousands) In the ordinary course of business, the Corporation enters into commitments to extend credit to its customers. The unused portion of these commitments is not reflected in the accompanying financial statements. As of March 31, 2020, the Corporation had entered into loan commitments with certain customers with an aggregate unused balance of $86,167 compared to an aggregate unused balance of $94,009 at December 31, 2019. There were $2,488 of letters of credit outstanding at March 31, 2020 and $2,436 at December 31, 2019. The fair value of such commitments is not considered material because letters of credit and loan commitments often are not used in their entirety, if at all, before they expire. The balances of such letters and commitments should not be used to project actual future liquidity requirements. However, the Corporation does incorporate expectations about the utilization under its credit-related commitments into its asset and liability management program. The Corporation is a party to lawsuits and other claims that arise in the ordinary course of business, all of which are being vigorously contested. In the regular course of business, management evaluates estimated losses or costs related to litigation, and provisions are made for anticipated losses whenever management believes that such losses are probable and can be reasonably estimated. At the present time, management believes, based on the advice of legal counsel, that the final resolution of pending legal proceedings will not likely have a material impact on the Corporation’s consolidated financial condition or results of operations. |
Net Income per Share
Net Income per Share | 3 Months Ended |
Mar. 31, 2020 | |
Earnings Per Share [Abstract] | |
Net Income per Share | Note 4. Net Income per Share (in thousands, except share and per share data) Net income per share - basic has been computed based on the weighted average number of shares outstanding during each period. Net income per share - diluted has been computed based on the weighted average number of shares outstanding during each period plus the dilutive effect of outstanding stock options and restricted stock using the treasury stock method. Net income per share was computed as follows: For the Three Months Ended March 31, 2020 2019 Basic weighted average shares outstanding 5,579,381 4,892,530 Dilutive effect of granted options 2,030 2,598 Diluted weighted average shares outstanding 5,581,411 4,895,128 Net income $ 1,160 $ 1,227 Net income per share-basic $ 0.21 $ 0.25 Net income per share-diluted $ 0.21 $ 0.25 |
Equity Compensation Plans
Equity Compensation Plans | 3 Months Ended |
Mar. 31, 2020 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Equity Compensation Plans | Note 5. Equity Compensation Plans (in thousands, except per share data) The Corporation has adopted the 2013 Incentive Compensation Plan (the “2013 Plan”), which the Corporation intends to use for future equity grants to employees, directors or consultants until the termination or expiration of the 2013 Plan. Prior to the adoption of the 2013 Plan, the Corporation issued awards to directors from the 1999 Directors’ Stock Compensation Plan (the “Directors’ Plan”), which has expired. The following table is a summary of the stock option activity for the three months ended March 31, 2020: Directors’ Plan 2013 Plan Number Weighted Number Weighted Outstanding at December 31, 2019 40,500 $ 21.49 — $ — Granted — — — — Exercised (4,500 ) 19.18 — — Expired — — — — Outstanding at March 31, 2020 36,000 $ 21.78 — $ — The intrinsic value of options outstanding under the Directors’ Plan at March 31, 2020, was $15,480. No options were outstanding under the 2013 Plan as of March 31, 2020. During 2019, the Corporation’s directors received restricted stock grants totaling 7,500 shares of common stock under the 2013 Plan. These grants vest over a one-year one-year |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2020 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 6. Income Taxes (in thousands) For the three months ended March 31, 2020 and 2019, the Company recorded a provision for income taxes totaling $225 and $195, respectively. The effective tax rate was 16.5% and 13.7% for the three months ending March 31, 2020 and 2019, respectively. The provision for income taxes includes both federal and state income taxes and differs from the statutory rate due to favorable permanent differences primarily related to tax free municipal investments. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2020 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | Note 7. Securities (in thousands) The amortized cost and estimated fair value of securities available-for-sale March 31, 2020 Amortized Gross Gross Estimated Securities available-for-sale Obligations of U.S. Government agencies $ 44,574 $ 191 $ — $ 44,765 Mortgage backed securities 367,582 6,024 118 373,488 State, County, Municipals 62,484 931 94 63,321 Other Securities 500 3 — 503 Total $ 475,140 $ 7,149 $ 212 $ 482,077 December 31, 2019 Amortized Gross Gross Estimated Securities available-for-sale Obligations of U.S. Government agencies $ 97,400 $ — $ 289 $ 97,111 Mortgage backed securities 308,310 640 2,050 306,900 State, County, Municipals 59,724 708 60 60,372 Total $ 465,434 $ 1,348 $ 2,399 $ 464,383 At March 31, 2020 and December 31, 2019, securities with a carrying value of $418,632 and $413,275, respectively, were pledged to secure government and public deposits and securities sold under agreement to repurchase. The amortized cost and estimated fair value of securities by contractual maturity at March 31, 2020 and December 31, 2019 are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay certain obligations. March 31, 2020 December 31, 2019 Amortized Estimated Amortized Estimated Available-for-sale Due in one year or less $ 845 $ 848 $ 345 $ 345 Due after one year through five years 38,070 38,117 89,920 89,681 Due after five years through ten years 17,681 18,019 18,678 18,808 Due after ten years 50,962 51,605 48,181 48,649 Residential mortgage backed securities 320,902 326,742 259,309 258,415 Commercial mortgage backed securities 46,680 46,746 49,001 48,485 Total $ 475,140 $ 482,077 $ 465,434 $ 464,383 The tables below show the Corporation’s gross unrealized losses and fair value of available-for-sale A summary of unrealized loss information for securities available-for-sale, March 31, 2020 Less than 12 months 12 months or more Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized Obligations of U.S. government agencies $ — $ — $ — $ — $ — $ — Mortgage backed securities 25,319 93 5,566 25 30,885 118 State, County, Municipal 12,380 92 651 2 13,031 94 Total $ 37,699 $ 185 $ 6,217 $ 27 $ 43,916 $ 212 December 31, 2019 Less than 12 months 12 months or more Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized Obligations of U.S. government agencies $ 76,682 $ 217 $ 20,429 $ 72 $ 97,111 $ 289 Mortgage backed securities 101,730 871 76,630 1,179 178,360 2,050 State, County, Municipal 8,280 37 3,731 23 12,011 60 Total $ 186,692 $ 1,125 $ 100,790 $ 1,274 $ 287,482 $ 2,399 The Corporation’s unrealized losses on its obligations of United States government agencies, mortgage backed securities and state, county and municipal bonds are the result of an upward trend in interest rates since purchase, mainly in the mid-term |
Purchased Loans
Purchased Loans | 3 Months Ended |
Mar. 31, 2020 | |
Purchased Loans [Abstract] | |
Purchased loans | Note 9. Purchased Loans (in thousands) For purposes of this Note 9, all references to “loans” means purchased loans. The following is a summary of purchased loans: March 31, 2020 December 31, 2019 Real Estate: Land Development and Construction $ 13,029 $ 14,722 Farmland 504 510 1-4 32,157 35,952 Commercial Real Estate 30,789 32,436 Total Real Estate Loans 76,479 83,620 Business Loans: Commercial and Industrial Loans 12,903 14,153 Farm Production and Other Farm Loans 871 884 Total Business Loans 13,774 15,037 Consumer Loans: Credit Cards — — Other Consumer Loans 1,648 1,973 Total Consumer Loans 1,648 1,973 Total Purchased Loans $ 91,901 $ 100,630 An age analysis of past due loans, segregated by class of loans, as of March 31, 2020, is as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ 610 $ — $ 610 $ 12,419 $ 13,029 $ — Farmland 167 — 167 337 504 — 1-4 189 53 242 31,915 32,157 — Commercial Real Estate 17 4 21 30,768 30,789 — Total Real Estate Loans 983 57 1,040 75,439 76,479 — Business Loans: Commercial and Industrial Loans 74 — 74 12,829 12,903 — Farm Production and Other Farm Loans — — — 871 871 — Total Business Loans 74 — 74 13,700 13,774 — Consumer Loans: Credit Cards — — — — — — Other Consumer Loans 32 — 32 1,616 1,648 — Total Consumer Loans 32 — 32 1,616 1,648 — Total Loans $ 1,089 $ 57 $ 1,146 $ 90,755 $ 91,901 $ — An age analysis of past due loans, segregated by class of loans, as of December 31, 2019, is as follows: Accruing Loans Loans Loans 90 or more 90 or more 30-89 Days Days Total Past Current Total Days Past Due Past Due Due Loans Loans Loans Past Due Real Estate: Land Development and Construction $ 528 $ — $ 528 $ 14,194 $ 14,722 $ — Farmland — — — 510 510 — 1-4 444 — 444 35,508 35,952 — Commercial Real Estate 603 — 603 31,833 32,436 — Total Real Estate Loans 1,575 — 1,575 82,045 83,620 — Business Loans: Commercial and Industrial Loans 379 3 382 13,771 14,153 — Farm Production and Other Farm Loans — — — 884 884 — Total Business Loans 379 3 382 14,655 15,037 — Consumer Loans: Credit Cards — — — — — — Other Consumer Loans 49 8 57 1,916 1,973 — Total Consumer Loans 49 8 57 1,916 1,973 — Total Loans $ 2,003 $ 11 $ 2,014 $ 98,616 $ 100,630 $ — The following table details the amount of gross loans by loan grade, which are consistent with the Company’s loan grades, and class as of March 31, 2020: Special Satisfactory Mention Substandard Doubtful Loss Total 1,2,3,4 5,6 7 8 9 Loans Real Estate: Land Development and Construction $ 12,163 $ 780 $ 86 $ — $ — $ 13,029 Farmland 504 — — — — 504 1-4 29,975 1,516 666 — — 32,157 Commercial Real Estate 28,956 1,546 287 — — 30,789 Total Real Estate Loans 71,598 3,842 1,039 — — 76,479 Business Loans: Commercial and Industrial Loans 11,999 588 316 — — 12,903 Farm Production and Other Farm Loans 871 — — — — 871 Total Business Loans 12,870 588 316 — — 13,774 Consumer Loans: Credit Cards — — — — — — Other Consumer Loans 1,615 33 — — — 1,648 Total Consumer Loans 1,615 33 — — — 1,648 Total Loans $ 86,083 $ 4,463 $ 1,355 $ — $ — $ 91,901 |
Allowance for Loan Losses
Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2020 | |
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract] | |
Allowance for Loan Losses | Note 10. Allowance for Loan Losses (in thousands) The allowance for loan losses is established through a provision for loan losses charged to expense, which represents management’s best estimate of probable losses within the existing portfolio of loans. The allowance, in the judgment of management, is necessary to reserve for estimated loan losses and risks inherent in the loan portfolio. The allowance on the majority of the loan portfolio is calculated using a historical chargeoff percentage applied to the current loan balances by loan segment. This historical period is the average of the previous twenty quarters with the most current quarters weighted more heavily to show the effect of the most recent chargeoff activity. This percentage is also adjusted for economic factors such as local unemployment and general business conditions, both local and nationwide. The group of loans that are considered to be impaired are individually evaluated for possible loss and a specific reserve is established to cover any loss contingency. Loans that are determined to be a loss with no benefit of remaining in the portfolio are charged off to the allowance. These specific reserves are reviewed periodically for continued impairment and adequacy of the specific reserve and are adjusted when necessary. The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2020: Real Business Consumer Total March 31, 2020 Beginning Balance, January 1, 2020 $ 3,075 $ 371 $ 309 $ 3,755 Provision for loan losses 184 3 127 314 Chargeoffs 222 23 55 300 Recoveries 14 24 9 47 Net (recoveries) chargeoffs 208 (1 ) 46 253 Ending Balance $ 3,051 $ 375 $ 390 $ 3,816 Period end allowance allocated to: Loans individually evaluated for impairment $ 582 $ 95 $ — $ 677 Loans collectively evaluated for impairment 2,469 280 390 3,139 Ending Balance, March 31, 2020 $ 3,051 $ 375 $ 390 $ 3,816 The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2019: Real Business Consumer Total March 31, 2019 Beginning Balance, January 1, 2019 $ 2,845 $ 222 $ 305 $ 3,372 Provision for loan losses (63 ) 99 159 195 Chargeoffs — 12 25 37 Recoveries 12 4 14 30 Net (recoveries) chargeoffs (12 ) 8 11 7 Ending Balance $ 2,794 $ 313 $ 453 $ 3,560 Period end allowance allocated to: Loans individually evaluated for impairment $ 417 $ 5 $ — $ 422 Loans collectively evaluated for impairment 2,377 308 453 3,138 Ending Balance, March 31, 2019 $ 2,794 $ 313 $ 453 $ 3,560 The Corporation’s recorded investment in loans as of March 31, 2020 and December 31, 2019 related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of the Corporation’s impairment methodology was as follows (in thousands): Real Business Consumer Total March 31, 2020 Loans individually evaluated for specific impairment $ 10,913 $ 433 $ — $ 11,346 Loans collectively evaluated for general impairment 453,987 96,197 14,722 564,906 Acquired with deteriorated credit quality 732 — — 732 $ 465,632 $ 96,630 $ 14,722 $ 576,984 Real Business Consumer Total December 31, 2019 Loans individually evaluated for specific impairment $ 10,991 $ 144 $ — $ 11,135 Loans collectively evaluated for general impairment 449,138 100,187 15,866 565,191 Acquired with deteriorated credit quality 749 — — 749 $ 460,878 $ 100,331 $ 15,866 $ 577,075 |
Non Purchased Loans
Non Purchased Loans | 3 Months Ended |
Mar. 31, 2020 | |
Receivables [Abstract] | |
Non Purchased Loans | Note 8. Non Purchased Loans (in thousands, except number of loans) “Purchased” loans are those acquired in any of the Company’s previous acquisitions. “Non Purchased” loans include all of the Company’s other loans. For purposes of Note 8, all references to “loans” mean non purchased loans. The composition of net loans at March 31, 2020 and December 31, 2019 was as follows: March 31, 2020 December 31, 2019 Real Estate: Land Development and Construction $ 78,059 $ 66,428 Farmland 15,241 15,595 1-4 88,400 87,631 Commercial Real Estate 207,453 207,604 Total Real Estate Loans 389,153 377,258 Business Loans: Commercial and Industrial Loans 82,207 84,611 Farm Production and Other Farm Loans 649 683 Total Business Loans 82,856 85,294 Consumer Loans: Credit Cards 1,629 1,833 Other Consumer Loans 11,445 12,060 Total Consumer Loans 13,074 13,893 Total Gross Loans 485,083 476,445 Unearned Income (5 ) (8 ) Allowance for Loan Losses (3,816 ) (3,755 ) Loans, net $ 481,262 $ 472,682 Loans are considered to be past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual non-accrual Period-end, non-accrual March 31, 2020 December 31, 2019 Real Estate: Land Development and Construction $ 111 $ 111 Farmland 230 232 1-4 2,054 2,160 Commercial Real Estate 8,966 9,082 Total Real Estate Loans 11,361 11,585 Business Loans: Commercial and Industrial Loans 512 338 Farm Production and Other Farm Loans 10 10 Total Business Loans 522 348 Consumer Loans: Other Consumer Loans 58 60 Total Consumer Loans 58 60 Total Nonaccrual Loans $ 11,941 $ 11,993 An aging analysis of past due loans, segregated by class, as of March 31, 2020, was as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ 567 $ 111 $ 678 $ 77,381 $ 78,059 $ — Farmland 376 — 376 14,865 15,241 — 1-4 2,263 496 2,759 85,641 88,400 — Commercial Real Estate 18,676 2,890 21,566 185,887 207,453 — Total Real Estate Loans 21,882 3,497 25,379 363,774 389,153 — Business Loans: Commercial and Industrial Loans 531 296 827 81,380 82,207 12 Farm Production and Other Farm Loans 35 — 35 614 649 — Total Business Loans 566 296 862 81,994 82,856 12 Consumer Loans: Credit Cards 34 2 36 1,593 1,629 2 Other Consumer Loans 117 44 161 11,284 11,445 — Total Consumer Loans 151 46 197 12,877 13,074 2 Total Loans $ 22,599 $ 3,839 $ 26,438 $ 458,645 $ 485,083 $ 14 An aging analysis of past due loans, segregated by class, as of December 31, 2019 was as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ 736 $ — $ 736 $ 65,692 $ 66,428 $ — Farmland 171 39 210 15,385 15,595 39 1-4 3,116 777 3,893 83,738 87,631 147 Commercial Real Estate 8,511 2,080 10,591 197,013 207,604 18 Total Real Estate Loans 12,534 2,896 15,430 361,828 377,258 204 Business Loans: Commercial and Industrial Loans 586 312 898 83,713 84,611 52 Farm Production and Other Farm Loans 17 — 17 666 683 — Total Business Loans 603 312 915 84,379 85,294 52 Consumer Loans: Credit Cards 45 18 63 1,770 1,833 18 Other Consumer Loans 172 42 214 11,846 12,060 — Total Consumer Loans 217 60 277 13,616 13,893 18 Total Loans $ 13,354 $ 3,268 $ 16,622 $ 459,823 $ 476,445 $ 274 Loans are considered impaired when, based on current information and events, it is probable that the Corporation will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. In determining which loans to evaluate for impairment, management looks at all loans over $100 that are past due loans, bankruptcy filings and any situation that might lend itself to cause a borrower to be unable to repay the loan according to the original agreement terms. If a loan is determined to be impaired and the collateral is deemed to be insufficient to fully repay the loan, a specific reserve will be established. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Impaired loans or portions thereof, are charged-off Impaired loans as of March 31, 2020, segregated by class, were as follows: Recorded Recorded Unpaid Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment Real Estate: Land Development and Construction $ 111 $ 58 $ 53 $ 111 $ 16 $ 111 Farmland 250 250 — 250 — $ 251 1-4 805 795 10 805 8 $ 822 Commercial Real Estate 11,463 6,011 3,736 9,747 559 $ 9,768 Total Real Estate Loans 12,629 7,114 3,799 10,913 583 $ 10,952 Business Loans: Commercial and Industrial Loans 433 233 200 433 94 $ 289 Total Business Loans 433 233 200 433 94 $ 289 Total Loans $ 13,062 $ 7,347 $ 3,999 $ 11,346 $ 677 $ 11,241 Impaired loans as of December 31, 2019, segregated by class, were as follows: Recorded Recorded Unpaid Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment Real Estate: Land Development and Construction $ 111 $ 58 $ 53 $ 111 $ 16 $ 56 Farmland 252 252 — 252 — $ 261 1-4 839 740 99 839 28 $ 996 Commercial Real Estate 11,506 5,949 3,840 9,789 566 $ 9,337 Total Real Estate Loans 12,708 6,999 3,992 10,991 610 $ 10,650 Business Loans: Commercial and Industrial Loans 144 — 144 144 72 $ 72 Total Business Loans 144 — 144 144 72 $ 72 Total Loans $ 12,852 $ 6,999 $ 4,136 $ 11,135 $ 682 $ 10,722 The following table presents troubled debt restructurings, segregated by class: Pre-Modification Post-Modification March 31, 2020 Outstanding Outstanding Number of Recorded Recorded Commercial real estate 3 $ 4,871 $ 2,427 Total 3 $ 4,871 $ 2,427 Pre-Modification Post-Modification December 31, 2019 Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment Commercial real estate 3 $ 4,871 $ 2,495 Total 3 $ 4,871 $ 2,495 Changes in the Corporation’s troubled debt restructurings are set forth in the table below: Number Recorded Totals at January 1, 2019 3 $ 2,782 Reductions due to: Principal paydowns (287 ) Totals at January 1, 2020 3 $ 2,495 Reductions due to: Principal paydowns (68 ) Total at March 31, 2020 3 $ 2,427 The allocated allowance for loan losses attributable to restructured loans was $-0- The Corporation utilizes a risk grading matrix to assign a risk grade to each of its loans when originated and is updated as factors related to the strength of the loan changes. Loans are graded on a scale of 1 to 9. A description of the general characteristics of the 9 risk grades follows. Grade 1. MINIMAL RISK - These loans are without loss exposure to the Corporation. This classification is reserved for only the best, well secured loans to borrowers with significant capital strength, low leverage, stable earnings and growth and other readily available financing alternatives. This type of loan would also include loans secured by a program of the government. Grade 2. MODEST RISK - These loans include borrowers with solid credit quality and moderate risk of loss. These loans may be fully secured by certificates of deposit with another reputable financial institution, or secured by readily marketable securities with acceptable margins. Grade 3. AVERAGE RISK - This is the rating assigned to the majority of the loans held by the Corporation. This includes loans with average loss exposure and average overall quality. These loans should liquidate through possessing adequate collateral and adequate earnings of the borrower. In addition, these loans are properly documented and are in accordance with all aspects of the current loan policy. Grade 4. ACCEPTABLE RISK - Borrower generates sufficient cash flow to fund debt service but most working asset and capital expansion needs are provided from external sources. Profitability and key balance sheet ratios are usually close to peers but one or more may be higher than peers. Grade 5. MANAGEMENT ATTENTION - Borrower has significant weaknesses resulting from performance trends or management concerns. The financial condition of the borrower has taken a negative turn and may be temporarily strained. Cash flow is weak but cash reserves remain adequate to meet debt service. Management weakness is evident. Grade 6. OTHER LOANS ESPECIALLY MENTIONED (“OLEM”) - Loans in this category are fundamentally sound but possess some weaknesses. OLEM loans have potential weaknesses which may, if not checked or corrected, weaken the asset or inadequately protect the bank’s credit position at some future date. These loans have an identifiable weakness in credit, collateral, or repayment ability but there is no expectation of loss. Grade 7. SUBSTANDARD ASSETS - Assets classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Assets classified as substandard must have a well-defined weakness based upon objective evidence. Assets classified as substandard are characterized by the distinct possibility that the insured institution will sustain some loss if the deficiencies are not corrected. The possibility that liquidation would not be timely requires a substandard classification even if there is little likelihood of total loss. This classification does not mean that the loan will incur a total or partial loss. Substandard loans may or may not be impaired. Grade 8. DOUBTFUL - A loan classified as doubtful has all the weaknesses of a substandard classification and the added characteristic that the weakness makes collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable or improbable. The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors which may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. A doubtful classification could reflect the fact that the primary source of repayment is gone and serious doubt exists as to the quality of a secondary source of repayment. Grade 9. LOSS - Loans classified as loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may occur in the future. Also included in this classification is the defined loss portion of loans rated substandard assets and doubtful assets. These internally assigned grades are updated on a continual basis throughout the course of the year and represent management’s most updated judgment regarding grades at March 31, 2020. The following table details the amount of gross loans, segregated by loan grade and class, as of March 31, 2020: Special Satisfactory Mention Substandard Doubtful Loss Total 1,2,3,4 5,6 7 8 9 Loans Real Estate: Land Development and Construction $ 75,338 $ 2,099 $ 622 $ — $ — $ 78,059 Farmland 14,163 327 751 — — 15,241 1-4 79,860 2,346 6,168 — 26 88,400 Commercial Real Estate 169,660 20,874 16,919 — — 207,453 Total Real Estate Loans 339,021 25,646 24,460 — 26 389,153 Business Loans: Commercial and Industrial Loans 77,968 275 3,951 13 — 82,207 Farm Production and Other Farm Loans 636 — 3 — 10 649 Total Business Loans 78,604 275 3,954 13 10 82,856 Consumer Loans: Credit Cards 1,593 — 36 — — 1,629 Other Consumer Loans 11,295 45 59 41 5 11,445 Total Consumer Loans 12,888 45 95 41 5 13,074 Total Loans $ 430,513 $ 25,966 $ 28,509 $ 54 $ 41 $ 485,083 The following table details the amount of gross loans segregated by loan grade and class, as of December 31, 2019: Special Satisfactory Mention Substandard Doubtful Loss Total 1,2,3,4 5,6 7 8 9 Loans Real Estate: Land Development and Construction $ 64,112 $ 1,682 $ 634 $ — $ — $ 66,428 Farmland 14,533 331 731 — — 15,595 1-4 79,068 1,917 6,646 — — 87,631 Commercial Real Estate 169,270 21,266 17,068 — — 207,604 Total Real Estate Loans 326,983 25,196 25,079 — — 377,258 Business Loans: Commercial and Industrial Loans 80,289 128 4,194 — — 84,611 Farm Production and Other Farm Loans 669 — 4 — 10 683 Total Business Loans 80,958 128 4,198 — 10 85,294 Consumer Loans: Credit Cards 1,770 — 63 — — 1,833 Other Consumer Loans 11,907 59 53 41 — 12,060 Total Consumer Loans 13,677 59 116 41 — 13,893 Total Loans $ 421,618 $ 25,383 $ 29,393 $ 41 $ 10 $ 476,445 |
Premises and Equipment
Premises and Equipment | 3 Months Ended |
Mar. 31, 2020 | |
Leases [Abstract] | |
Premises and Equipment | Note 11. Premises and Equipment The Company leases certain premises and equipment under operating leases. At March 31, 2020, the Company had lease liabilities and ROU assets totaling $690 thousand related to these leases. Lease liabilities and ROU assets are reflected in other liabilities and other assets, respectively. For the three months ended March 31, 2020, the weighted average remaining lease term for operating leases was 1.1 years and the weighted average discount rate used in the measurement of operating lease liabilities was 3.3%. Lease costs were as follows: Three Months Ended March 31, 2020 (in thousands) Operating lease cost $ 92 Short-term lease cost 6 Variable lease cost — $ 98 There were no sale and leaseback transactions, leverage leases or lease transactions with related parties during the three months ended March 31, 2020. A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: Three Months Ended March 31, 2020 (in thousands) Lease payments due: Within one year $ 348 After one year but within two years 306 After two years but within three years 60 After three year but within four years — After four years but within five years — After five years — Total undiscounted cash flows 714 Discount on cash flows (24 ) Total lease liability $ 690 |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 3 Months Ended |
Mar. 31, 2020 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | Note 12. Goodwill and Other Intangible Assets (in thousands) The carrying amount of goodwill for the three months ended March 31, 2020 were as follows: Total Balance at January 1, 2020 $ 13,103 Measurement period adjustment to goodwill from Charter acquisition 27 Balance at March 31, 2020 $ 13,130 The following table provides a summary of finite-lived intangible assets as of the dates presented: March 31, 2020 December 31, 2019 Core deposit intangible $ 739 $ 766 Accumulated amortization (27 ) (27 ) Total finite-lived intangible assets $ 712 $ 739 Core deposit intangible amortization expense for the three month periods ended March 31, 2020 and 2019 was $27 and $-0-, Year ending December 31, Amount 2020 $ 82 2021 109 2022 109 2023 109 2024 109 Thereafter 194 $ 712 |
Shareholders' Equity
Shareholders' Equity | 3 Months Ended |
Mar. 31, 2020 | |
Equity [Abstract] | |
Shareholders' Equity | Note 13. Shareholders’ Equity (in thousands, except share data) The following summarizes the activity in the capital structure of the Company: Accumulated Number Additional Other of Shares Common Paid-In Comprehensive Retained Issued Stock Capital Income (Loss) Earnings Total Balance, January 1, 2020 5,578,131 $ 1,116 $ 17,883 $ (789 ) $ 94,590 $ 112,800 Net income — — — — 1,160 1,160 Dividends paid ($0.24 per share) — — — — (1,339 ) (1,339 ) Options exercised 4,500 1 86 — — 87 Restricted stock granted — — — — — — Stock compensation expense — — 40 — — 40 Other comprehensive income, net — — — 5,996 — 5,996 Balance, March 31, 2020 5,582,631 $ 1,117 $ 18,009 $ 5,207 $ 94,411 $ 118,744 Accumulated Number Additional Other of Shares Common Paid-In Comprehensive Retained Issued Stock Capital Income (Loss) Earnings Total Balance, January 1, 2019 4,904,530 $ 981 $ 4,298 $ (14,975 ) $ 93,562 $ 83,866 Net income — — — — 1,227 1,227 Dividends paid ($0.24 per share) — — — — (1,177 ) (1,177 ) Options exercised — — — — — — Restricted stock granted — — — — — — Stock compensation expense — — 41 — — 41 Other comprehensive income, net — — — 6,622 — 6,622 Balance, March 31, 2019 4,904,530 $ 981 $ 4,339 $ (8,353 ) $ 93,612 $ 90,579 |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2020 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | Note 14. Fair Value of Financial Instruments The fair value topic of the ASC establishes a framework for measuring fair value and requires enhanced disclosures about fair value measurements. This topic clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. This topic also requires disclosure about how fair value was determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows: Level 1 Quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 Inputs other than quoted prices in active markets for identical assets and liabilities included in Level 1 that are observable for the asset or liability, either directly or indirectly, such as quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active; or Level 3 Unobservable inputs for an asset or liability, such as discounted cash flow models or valuations. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following table presents assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2020: Fair Value Measurements Using: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Totals Securities available for sale Obligations of U.S. Government Agencies $ — $ 44,765 $ — $ 44,765 Mortgage-backed securities — 373,488 — 373,488 State, county and municipal obligations — 63,321 — 63,321 Other securities 503 — — 503 Total $ 503 $ 481,574 $ — $ 482,077 The following table presents assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2019: Fair Value Measurements Using: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Totals Securities available for sale Obligations of U.S. Government Agencies $ — $ 97,111 $ — $ 97,111 Mortgage-backed securities — 306,900 — 306,900 State, county and municipal obligations — 60,372 — 60,372 Total $ — $ 464,383 $ — $ 464,383 The Corporation recorded no gains or losses in earnings for the period ended March 31, 2020 or December 31, 2019 that were attributable to the change in unrealized gains or losses relating to assets still held at the reporting date. Impaired Loans Loans considered impaired are reserved for at the time the loan is identified as impaired taking into account the fair value of the collateral less estimated selling costs. Collateral may be real estate and/or business assets including but not limited to, equipment, inventory and accounts receivable. The fair value of real estate is determined based on appraisals by qualified licensed appraisers. The fair value of the business assets is generally based on amounts reported on the business’s financial statements. Appraised and reported values may be adjusted based on management’s historical knowledge, changes in market conditions from the time of valuation and management knowledge of the client and the client’s business. Since not all valuation inputs are observable, these nonrecurring fair value determinations are classified Level 3. The unobservable inputs may vary depending on the individual assets with the fair value of real estate based on appraised value being the predominant approach. The Company reviews the certified appraisals for appropriateness and adjusts the value downward to consider selling, closing and liquidation costs, which typically approximates 25% of the appraised value. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors previously identified. Other real estate owned OREO is primarily comprised of real estate acquired in partial or full satisfaction of loans. OREO is recorded at its estimated fair value less estimated selling and closing costs at the date of transfer, with any excess of the related loan balance over the fair value less expected selling costs charged to the allowance for loan losses. Subsequent changes in fair value are reported as adjustments to the carrying amount and are recorded against earnings. The Company outsources the valuation of OREO with material balances to third party appraisers. The Company reviews the third-party appraisal for appropriateness and adjusts the value downward to consider selling and closing costs, which typically approximate 25% of the appraised value. For assets measured at fair value on a nonrecurring basis during 2020 that were still held on the Corporation’s balance sheet at March 31, 2020, the following table provides the hierarchy level and the fair value of the related assets: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Totals Impaired loans $ — $ — $ 254 $ 254 Total $ — $ — $ 254 $ 254 The following table presents information as of March 31, 2020 about significant unobservable inputs (Level 3) used in the valuation of assets and liabilities measured at fair value on a nonrecurring basis: Significant Unobservable Range of Financial instrument Fair Value Valuation Technique Inputs Inputs Impaired loans $ 254 Appraised value of collateral less Estimated costs to sell 25 % estimated costs to sell For assets measured at fair value on a nonrecurring basis during 2019 that were still held on the Corporation’s balance sheet at December 31, 2019, the following table provides the hierarchy level and the fair value of the related assets: Fair Value Measurements Using: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Totals Impaired loans $ — $ — $ 4,576 $ 4,576 Total $ — $ — $ 4,576 $ 4,576 Impaired loans with a carrying value of $390 and $5,003 had an allocated allowance for loan losses of $136 and $427 at March 31, 2020 and December 31, 2019, respectively. The allocated allowance is based on the carrying value of the impaired loan and the fair value of the underlying collateral less estimated costs to sell. After monitoring the carrying amounts for subsequent declines or impairments after foreclosure, management determined that a fair value adjustment to OREO in the amount of $-0- The financial instruments topic of the ASC requires disclosure of financial instruments’ fair values, as well as the methodology and significant assumptions used in estimating fair values. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. The financial instruments topic of the ASC excludes certain financial instruments from its disclosure requirements. The following represents the carrying value and estimated fair value of the Corporation’s financial instruments at March 31, 2020: Fair Value Measurements Using: Quoted Prices in Active Significant Markets for Other Significant Total Carrying Identical Observable Unobservable Fair March 31, 2020 Value Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial assets Cash and due from banks $ 19,610 $ 19,610 $ — $ — $ 19,610 Interest bearing deposits with banks 61,909 61,909 — — 61,909 Securities available-for-sale 482,077 503 481,574 — 482,077 Net loans 573,163 — — 566,944 566,944 Financial liabilities Deposits $ 925,888 $ 693,750 $ 234,138 $ — $ 927,888 Securities sold under agreement to repurchase 159,442 159,442 — — 159,442 The following represents the carrying value and estimated fair value of the Corporation’s financial instruments at December 31, 2019: Fair Value Measurements Using: Quoted Prices in Active Significant Markets for Other Significant Total Carrying Identical Observable Unobservable Fair December 31, 2019 Value Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial assets Cash and due from banks $ 15,937 $ 15,937 $ — $ — $ 15,937 Federal funds sold 1,600 1,600 — — 1,600 Interest bearing deposits with banks 58,557 58,557 — — 58,557 Securities available-for-sale 464,383 — 464,383 — 464,383 Net loans 573,312 — — 569,640 569,640 Financial liabilities Deposits $ 898,996 $ 642,825 $ 258,100 $ — $ 900,925 Securities sold under agreement to repurchase 170,410 170,410 — — 170,410 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation These interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). However, these interim consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The interim consolidated financial statements are unaudited and reflect all adjustments and reclassifications, which, in the opinion of management, are necessary for a fair presentation of the results of operations and financial condition as of and for the interim periods presented. All adjustments and reclassifications are of a normal and recurring nature. Results for the period ended March 31, 2020 are not necessarily indicative of the results that may be expected for any other interim period or for the year as a whole. The interim consolidated financial statements of Citizens Holding Company (the “Company”) include the accounts of its wholly-owned subsidiary, The Citizens Bank of Philadelphia (the “Bank” and collectively with the Company, the “Corporation”). In addition to full service commercial banking, the Bank offers title insurance services through its subsidiary, Title Services LLC. All significant intercompany transactions have been eliminated in consolidation. For further information and significant accounting policies of the Corporation, see the Notes to Consolidated Financial Statements of Citizens Holding Company included in the Corporation’s Annual Report on Form 10-K |
Nature of Business | Nature of Business The Bank operates under a state bank charter and provides general banking services. As a state bank, the Bank is subject to regulations of the Mississippi Department of Banking and Consumer Finance and the Federal Deposit Insurance Corporation. The Company is also subject to the regulations of the Federal Reserve. The area served by the Bank is east central and southern counties of Mississippi and the surrounding areas. Services are provided at several branch offices. |
Estimates | Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowance for loan losses and valuation of foreclosed real estate, management obtains independent appraisals for significant properties. While management uses available information to recognize losses on loans and to value foreclosed real estate, future additions to the allowance or adjustments to the valuation may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and valuations of foreclosed real estate. Such agencies may require the Company to recognize additions to the allowance or to make adjustments to the valuation based on their judgments about information available to them at the time of their examination. Due to these factors, it is reasonably possible that the allowance for loan losses and valuation of foreclosed real estate may change materially in the near term. |
Risks and Uncertainties | Risks and Uncertainties (in thousands, except for number of loans) The outbreak of COVID-19 COVID-19 COVID-19 Congress, the President, and the Federal Reserve have taken several actions designed to cushion the economic fallout. Most notably, the Coronavirus Aid, Relief and Economic Security (“CARES”) Act was signed into law at the end of March 2020 as an over $2 trillion legislative package. The goal of the CARES Act is to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The package also includes extensive emergency funding for hospitals and providers. In addition to the general impact of COVID-19, The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. If the global response to contain COVID-19 COVID-19, Financial position and results of operations The Company’s fee income could be reduced due to COVID-19. In COVID-19 COVID-19 The Company’s interest income could be reduced due to COVID-19. In COVID-19 Capital and liquidity While the Company believes that it has sufficient capital to withstand an extended economic recession brought about by COVID-19, The Company maintains access to multiple sources of liquidity. If an extended recession caused large numbers of the Company’s deposit customers to withdraw their funds, the Company might become more reliant on volatile or more expensive sources of funding. Wholesale funding markets have remained open to us, but rates for short term funding have recently been volatile. If funding costs are elevated for an extended period of time, it could have an adverse effect on the Company’s net interest margin. Asset valuation Currently, the Company does not expect COVID-19 COVID-19 non-cash Processes, controls and business continuity plan The Company has invoked its Board approved Pandemic Preparedness Plan that includes a remote working strategy, among other measures. The Company does not anticipate incurring additional material cost related to its continued deployment of the remote working strategy. No material operational or internal control challenges or risks have been identified to date. The Company does not anticipate significant challenges to its ability to maintain its systems and controls in light of the measures the Company has taken to prevent the spread of COVID-19. The Lending operations and accommodations to borrowers In keeping with regulatory guidance to work with borrowers during this unprecedented situation and as outlined in the CARES Act, the Company is executing a payment deferral program for its commercial lending clients that are adversely affected by the pandemic. Depending on the demonstrated need of the client, the Company is deferring either the full loan payment or the principal component of the loan payment for 60 or 90 days. As of April 30, 2020, the Company has executed 309 of these deferrals on outstanding loan balances of $148,120. In accordance with interagency guidance issued in March 2020, these short term deferrals are not considered troubled debt restructurings. With the passage of the Paycheck Protection Program (“PPP”), administered by the Small Business Administration (“SBA”), the Company is actively participating in assisting its customers with applications for resources through the program. PPP loans have a two-year Further, in sensitivity and service to its communities during this unprecedented time, the Company is waiving late payment and overdraft fees and has temporarily suspended collection efforts on past due loans. Credit The Company is working with customers directly affected by COVID-19. The COVID-19 COVID-19 |
Recently Issued Accounting Pronouncements | Adoption of New Accounting Standards In January 2017, the FASB issued ASU 2017-04, “ Intangibles—Goodwill and Other (Topic 350)—Simplifying the Test for Goodwill Impairment 2017-04”). ASU 2017-04 two-step 2017-04 ASU 2019-13 Fair Value Measurement (Topic 820) – Changes in the Disclosure Requirements for Fair Value Measurement 2019-13”) 2019-13 2019-13 In March 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, (“the agencies”) issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by COVID-19. 310-40, Receivables – Troubled Debt Restructurings by Creditors 310-40”), COVID-19 Newly Issued, But Not Yet Effective Accounting Standards In June 2016, the FASB issued ASU 2016-13, 2016-13”). 2016-13 2016-13 2016-13 2016-13 2016-13 |
Net Income per Share (Tables)
Net Income per Share (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Net income per share was computed as follows: For the Three Months Ended March 31, 2020 2019 Basic weighted average shares outstanding 5,579,381 4,892,530 Dilutive effect of granted options 2,030 2,598 Diluted weighted average shares outstanding 5,581,411 4,895,128 Net income $ 1,160 $ 1,227 Net income per share-basic $ 0.21 $ 0.25 Net income per share-diluted $ 0.21 $ 0.25 |
Equity Compensation Plans (Tabl
Equity Compensation Plans (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Summary of Stock Option Activity | The following table is a summary of the stock option activity for the three months ended March 31, 2020: Directors’ Plan 2013 Plan Number Weighted Number Weighted Outstanding at December 31, 2019 40,500 $ 21.49 — $ — Granted — — — — Exercised (4,500 ) 19.18 — — Expired — — — — Outstanding at March 31, 2020 36,000 $ 21.78 — $ — |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Estimated Fair Value of Securities Available-for-Sale | The amortized cost and estimated fair value of securities available-for-sale March 31, 2020 Amortized Gross Gross Estimated Securities available-for-sale Obligations of U.S. Government agencies $ 44,574 $ 191 $ — $ 44,765 Mortgage backed securities 367,582 6,024 118 373,488 State, County, Municipals 62,484 931 94 63,321 Other Securities 500 3 — 503 Total $ 475,140 $ 7,149 $ 212 $ 482,077 December 31, 2019 Amortized Gross Gross Estimated Securities available-for-sale Obligations of U.S. Government agencies $ 97,400 $ — $ 289 $ 97,111 Mortgage backed securities 308,310 640 2,050 306,900 State, County, Municipals 59,724 708 60 60,372 Total $ 465,434 $ 1,348 $ 2,399 $ 464,383 |
Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity | The amortized cost and estimated fair value of securities by contractual maturity at March 31, 2020 and December 31, 2019 are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay certain obligations. March 31, 2020 December 31, 2019 Amortized Estimated Amortized Estimated Available-for-sale Due in one year or less $ 845 $ 848 $ 345 $ 345 Due after one year through five years 38,070 38,117 89,920 89,681 Due after five years through ten years 17,681 18,019 18,678 18,808 Due after ten years 50,962 51,605 48,181 48,649 Residential mortgage backed securities 320,902 326,742 259,309 258,415 Commercial mortgage backed securities 46,680 46,746 49,001 48,485 Total $ 475,140 $ 482,077 $ 465,434 $ 464,383 |
Summary of Unrealized Loss Information for Available-for-sale Securities | A summary of unrealized loss information for securities available-for-sale, March 31, 2020 Less than 12 months 12 months or more Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized Obligations of U.S. government agencies $ — $ — $ — $ — $ — $ — Mortgage backed securities 25,319 93 5,566 25 30,885 118 State, County, Municipal 12,380 92 651 2 13,031 94 Total $ 37,699 $ 185 $ 6,217 $ 27 $ 43,916 $ 212 December 31, 2019 Less than 12 months 12 months or more Total Description of Securities Fair Unrealized Fair Unrealized Fair Unrealized Obligations of U.S. government agencies $ 76,682 $ 217 $ 20,429 $ 72 $ 97,111 $ 289 Mortgage backed securities 101,730 871 76,630 1,179 178,360 2,050 State, County, Municipal 8,280 37 3,731 23 12,011 60 Total $ 186,692 $ 1,125 $ 100,790 $ 1,274 $ 287,482 $ 2,399 |
Non Purchased Loans (Tables)
Non Purchased Loans (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Period-End, Non-Accrual Loans, Segregated by Class | Period-end, non-accrual March 31, 2020 December 31, 2019 Real Estate: Land Development and Construction $ 111 $ 111 Farmland 230 232 1-4 2,054 2,160 Commercial Real Estate 8,966 9,082 Total Real Estate Loans 11,361 11,585 Business Loans: Commercial and Industrial Loans 512 338 Farm Production and Other Farm Loans 10 10 Total Business Loans 522 348 Consumer Loans: Other Consumer Loans 58 60 Total Consumer Loans 58 60 Total Nonaccrual Loans $ 11,941 $ 11,993 |
Impaired Loans, Segregated by Class of Loans | Impaired loans as of March 31, 2020, segregated by class, were as follows: Recorded Recorded Unpaid Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment Real Estate: Land Development and Construction $ 111 $ 58 $ 53 $ 111 $ 16 $ 111 Farmland 250 250 — 250 — $ 251 1-4 805 795 10 805 8 $ 822 Commercial Real Estate 11,463 6,011 3,736 9,747 559 $ 9,768 Total Real Estate Loans 12,629 7,114 3,799 10,913 583 $ 10,952 Business Loans: Commercial and Industrial Loans 433 233 200 433 94 $ 289 Total Business Loans 433 233 200 433 94 $ 289 Total Loans $ 13,062 $ 7,347 $ 3,999 $ 11,346 $ 677 $ 11,241 Impaired loans as of December 31, 2019, segregated by class, were as follows: Recorded Recorded Unpaid Investment Investment Total Average Principal With No With Recorded Related Recorded Balance Allowance Allowance Investment Allowance Investment Real Estate: Land Development and Construction $ 111 $ 58 $ 53 $ 111 $ 16 $ 56 Farmland 252 252 — 252 — $ 261 1-4 839 740 99 839 28 $ 996 Commercial Real Estate 11,506 5,949 3,840 9,789 566 $ 9,337 Total Real Estate Loans 12,708 6,999 3,992 10,991 610 $ 10,650 Business Loans: Commercial and Industrial Loans 144 — 144 144 72 $ 72 Total Business Loans 144 — 144 144 72 $ 72 Total Loans $ 12,852 $ 6,999 $ 4,136 $ 11,135 $ 682 $ 10,722 |
Troubled Debt Restructurings Segregated by Class | The following table presents troubled debt restructurings, segregated by class: Pre-Modification Post-Modification March 31, 2020 Outstanding Outstanding Number of Recorded Recorded Commercial real estate 3 $ 4,871 $ 2,427 Total 3 $ 4,871 $ 2,427 Pre-Modification Post-Modification December 31, 2019 Outstanding Outstanding Number of Recorded Recorded Loans Investment Investment Commercial real estate 3 $ 4,871 $ 2,495 Total 3 $ 4,871 $ 2,495 |
Changes in Troubled Debt Restructurings | Changes in the Corporation’s troubled debt restructurings are set forth in the table below: Number Recorded Totals at January 1, 2019 3 $ 2,782 Reductions due to: Principal paydowns (287 ) Totals at January 1, 2020 3 $ 2,495 Reductions due to: Principal paydowns (68 ) Total at March 31, 2020 3 $ 2,427 |
Financial assets non purchased loans [Member] | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Composition of Net Loans | The composition of net loans at March 31, 2020 and December 31, 2019 was as follows: March 31, 2020 December 31, 2019 Real Estate: Land Development and Construction $ 78,059 $ 66,428 Farmland 15,241 15,595 1-4 88,400 87,631 Commercial Real Estate 207,453 207,604 Total Real Estate Loans 389,153 377,258 Business Loans: Commercial and Industrial Loans 82,207 84,611 Farm Production and Other Farm Loans 649 683 Total Business Loans 82,856 85,294 Consumer Loans: Credit Cards 1,629 1,833 Other Consumer Loans 11,445 12,060 Total Consumer Loans 13,074 13,893 Total Gross Loans 485,083 476,445 Unearned Income (5 ) (8 ) Allowance for Loan Losses (3,816 ) (3,755 ) Loans, net $ 481,262 $ 472,682 |
Aging Analysis of Past Due Loans, Segregated by Class | An aging analysis of past due loans, segregated by class, as of March 31, 2020, was as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ 567 $ 111 $ 678 $ 77,381 $ 78,059 $ — Farmland 376 — 376 14,865 15,241 — 1-4 2,263 496 2,759 85,641 88,400 — Commercial Real Estate 18,676 2,890 21,566 185,887 207,453 — Total Real Estate Loans 21,882 3,497 25,379 363,774 389,153 — Business Loans: Commercial and Industrial Loans 531 296 827 81,380 82,207 12 Farm Production and Other Farm Loans 35 — 35 614 649 — Total Business Loans 566 296 862 81,994 82,856 12 Consumer Loans: Credit Cards 34 2 36 1,593 1,629 2 Other Consumer Loans 117 44 161 11,284 11,445 — Total Consumer Loans 151 46 197 12,877 13,074 2 Total Loans $ 22,599 $ 3,839 $ 26,438 $ 458,645 $ 485,083 $ 14 An aging analysis of past due loans, segregated by class, as of December 31, 2019 was as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ 736 $ — $ 736 $ 65,692 $ 66,428 $ — Farmland 171 39 210 15,385 15,595 39 1-4 3,116 777 3,893 83,738 87,631 147 Commercial Real Estate 8,511 2,080 10,591 197,013 207,604 18 Total Real Estate Loans 12,534 2,896 15,430 361,828 377,258 204 Business Loans: Commercial and Industrial Loans 586 312 898 83,713 84,611 52 Farm Production and Other Farm Loans 17 — 17 666 683 — Total Business Loans 603 312 915 84,379 85,294 52 Consumer Loans: Credit Cards 45 18 63 1,770 1,833 18 Other Consumer Loans 172 42 214 11,846 12,060 — Total Consumer Loans 217 60 277 13,616 13,893 18 Total Loans $ 13,354 $ 3,268 $ 16,622 $ 459,823 $ 476,445 $ 274 |
Detailed Amount of Gross Loans Segregated by Loan Grade and Class | The following table details the amount of gross loans, segregated by loan grade and class, as of March 31, 2020: Special Satisfactory Mention Substandard Doubtful Loss Total 1,2,3,4 5,6 7 8 9 Loans Real Estate: Land Development and Construction $ 75,338 $ 2,099 $ 622 $ — $ — $ 78,059 Farmland 14,163 327 751 — — 15,241 1-4 79,860 2,346 6,168 — 26 88,400 Commercial Real Estate 169,660 20,874 16,919 — — 207,453 Total Real Estate Loans 339,021 25,646 24,460 — 26 389,153 Business Loans: Commercial and Industrial Loans 77,968 275 3,951 13 — 82,207 Farm Production and Other Farm Loans 636 — 3 — 10 649 Total Business Loans 78,604 275 3,954 13 10 82,856 Consumer Loans: Credit Cards 1,593 — 36 — — 1,629 Other Consumer Loans 11,295 45 59 41 5 11,445 Total Consumer Loans 12,888 45 95 41 5 13,074 Total Loans $ 430,513 $ 25,966 $ 28,509 $ 54 $ 41 $ 485,083 The following table details the amount of gross loans segregated by loan grade and class, as of December 31, 2019: Special Satisfactory Mention Substandard Doubtful Loss Total 1,2,3,4 5,6 7 8 9 Loans Real Estate: Land Development and Construction $ 64,112 $ 1,682 $ 634 $ — $ — $ 66,428 Farmland 14,533 331 731 — — 15,595 1-4 79,068 1,917 6,646 — — 87,631 Commercial Real Estate 169,270 21,266 17,068 — — 207,604 Total Real Estate Loans 326,983 25,196 25,079 — — 377,258 Business Loans: Commercial and Industrial Loans 80,289 128 4,194 — — 84,611 Farm Production and Other Farm Loans 669 — 4 — 10 683 Total Business Loans 80,958 128 4,198 — 10 85,294 Consumer Loans: Credit Cards 1,770 — 63 — — 1,833 Other Consumer Loans 11,907 59 53 41 — 12,060 Total Consumer Loans 13,677 59 116 41 — 13,893 Total Loans $ 421,618 $ 25,383 $ 29,393 $ 41 $ 10 $ 476,445 |
Purchased Loans (Tables)
Purchased Loans (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Purchased loans [line Items] | |
Loans purchased in business combinations | Loans purchased in business combinations that exhibited, at the date of acquisition, evidence of deterioration of the credit quality since origination, such that it was probable that all contractually required payments would not be collected, were as follows: March 31, 2020 December 31, 2019 Real Estate: Land Development and Construction $ 36 $ 43 Farmland — — 1-4 692 706 Commercial Real Estate 4 — Total Real Estate Loans 732 749 Total PCD Loans $ 732 $ 749 |
Certain loans acquired in transfer not accounted for as debt securities acquired during period | The following table presents the fair value of loans purchased from Charter as of the October 1, 2019 acquisition date: October 1, 2019 At acquisition date: Contractually-required principal $ 104,127 Nonaccretable difference (68 ) Cash flows expected to be collected 104,059 Accretable yield (394 ) Fair Value $ 103,665 |
Schedule of loans purchased with deteriorated credit quality | Changes in the accretable yield of loans purchased with deteriorated credit quality were as follows: Balance at January 1, 2020 $ (16 ) Additions through acquisition — Reclasses from nonaccretable difference (13 ) Accretion 5 Charge-off — Balance at March 31, 2020 $ (24 ) |
Financial asset acquired with credit deterioration [Member] | |
Purchased loans [line Items] | |
Composition of net loans | The following is a summary of purchased loans: March 31, 2020 December 31, 2019 Real Estate: Land Development and Construction $ 13,029 $ 14,722 Farmland 504 510 1-4 32,157 35,952 Commercial Real Estate 30,789 32,436 Total Real Estate Loans 76,479 83,620 Business Loans: Commercial and Industrial Loans 12,903 14,153 Farm Production and Other Farm Loans 871 884 Total Business Loans 13,774 15,037 Consumer Loans: Credit Cards — — Other Consumer Loans 1,648 1,973 Total Consumer Loans 1,648 1,973 Total Purchased Loans $ 91,901 $ 100,630 |
Aging analysis of past due loans, segregated by class | An age analysis of past due loans, segregated by class of loans, as of March 31, 2020, is as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ 610 $ — $ 610 $ 12,419 $ 13,029 $ — Farmland 167 — 167 337 504 — 1-4 189 53 242 31,915 32,157 — Commercial Real Estate 17 4 21 30,768 30,789 — Total Real Estate Loans 983 57 1,040 75,439 76,479 — Business Loans: Commercial and Industrial Loans 74 — 74 12,829 12,903 — Farm Production and Other Farm Loans — — — 871 871 — Total Business Loans 74 — 74 13,700 13,774 — Consumer Loans: Credit Cards — — — — — — Other Consumer Loans 32 — 32 1,616 1,648 — Total Consumer Loans 32 — 32 1,616 1,648 — Total Loans $ 1,089 $ 57 $ 1,146 $ 90,755 $ 91,901 $ — An age analysis of past due loans, segregated by class of loans, as of December 31, 2019, is as follows: Accruing Loans Loans Loans 90 or more 90 or more 30-89 Days Days Total Past Current Total Days Past Due Past Due Due Loans Loans Loans Past Due Real Estate: Land Development and Construction $ 528 $ — $ 528 $ 14,194 $ 14,722 $ — Farmland — — — 510 510 — 1-4 444 — 444 35,508 35,952 — Commercial Real Estate 603 — 603 31,833 32,436 — Total Real Estate Loans 1,575 — 1,575 82,045 83,620 — Business Loans: Commercial and Industrial Loans 379 3 382 13,771 14,153 — Farm Production and Other Farm Loans — — — 884 884 — Total Business Loans 379 3 382 14,655 15,037 — Consumer Loans: Credit Cards — — — — — — Other Consumer Loans 49 8 57 1,916 1,973 — Total Consumer Loans 49 8 57 1,916 1,973 — Total Loans $ 2,003 $ 11 $ 2,014 $ 98,616 $ 100,630 $ — |
Detailed amount of gross loans segregated by loan grade and class | The following table details the amount of gross loans by loan grade, which are consistent with the Company’s loan grades, and class as of March 31, 2020: Special Satisfactory Mention Substandard Doubtful Loss Total 1,2,3,4 5,6 7 8 9 Loans Real Estate: Land Development and Construction $ 12,163 $ 780 $ 86 $ — $ — $ 13,029 Farmland 504 — — — — 504 1-4 29,975 1,516 666 — — 32,157 Commercial Real Estate 28,956 1,546 287 — — 30,789 Total Real Estate Loans 71,598 3,842 1,039 — — 76,479 Business Loans: Commercial and Industrial Loans 11,999 588 316 — — 12,903 Farm Production and Other Farm Loans 871 — — — — 871 Total Business Loans 12,870 588 316 — — 13,774 Consumer Loans: Credit Cards — — — — — — Other Consumer Loans 1,615 33 — — — 1,648 Total Consumer Loans 1,615 33 — — — 1,648 Total Loans $ 86,083 $ 4,463 $ 1,355 $ — $ — $ 91,901 The following table details the amount of gross loans by loan grade, which are consistent with the Company’s loan grades, and class as of December 31, 2019: Special Satisfactory Mention Substandard Doubtful Loss Total 1,2,3,4 5,6 7 8 9 Loans Real Estate: Land Development and Construction $ 13,890 $ 789 $ 43 $ — $ — $ 14,722 Farmland 510 — — — — 510 1-4 33,737 1,535 680 — — 35,952 Commercial Real Estate 30,780 1,656 — — — 32,436 Total Real Estate Loans 78,917 3,980 723 — — 83,620 Business Loans: Commercial and Industrial Loans 13,545 608 — — — 14,153 Farm Production and Other Farm Loans 884 — — — — 884 Total Business Loans 14,429 608 — — — 15,037 Consumer Loans: Credit Cards — — — — — — Other Consumer Loans 1,937 36 — — — 1,973 Total Consumer Loans 1,937 36 — — — 1,973 Total Loans $ 95,283 $ 4,624 $ 723 $ — $ — $ 100,630 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract] | |
Allowance for Loan Losses by Portfolio Segment | The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2020: Real Business Consumer Total March 31, 2020 Beginning Balance, January 1, 2020 $ 3,075 $ 371 $ 309 $ 3,755 Provision for loan losses 184 3 127 314 Chargeoffs 222 23 55 300 Recoveries 14 24 9 47 Net (recoveries) chargeoffs 208 (1 ) 46 253 Ending Balance $ 3,051 $ 375 $ 390 $ 3,816 Period end allowance allocated to: Loans individually evaluated for impairment $ 582 $ 95 $ — $ 677 Loans collectively evaluated for impairment 2,469 280 390 3,139 Ending Balance, March 31, 2020 $ 3,051 $ 375 $ 390 $ 3,816 The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2019: Real Business Consumer Total March 31, 2019 Beginning Balance, January 1, 2019 $ 2,845 $ 222 $ 305 $ 3,372 Provision for loan losses (63 ) 99 159 195 Chargeoffs — 12 25 37 Recoveries 12 4 14 30 Net (recoveries) chargeoffs (12 ) 8 11 7 Ending Balance $ 2,794 $ 313 $ 453 $ 3,560 Period end allowance allocated to: Loans individually evaluated for impairment $ 417 $ 5 $ — $ 422 Loans collectively evaluated for impairment 2,377 308 453 3,138 Ending Balance, March 31, 2019 $ 2,794 $ 313 $ 453 $ 3,560 |
Recorded Investment in Loans Related to Balance in Allowance for Possible Loan Losses by Portfolio Segment | The Corporation’s recorded investment in loans as of March 31, 2020 and December 31, 2019 related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of the Corporation’s impairment methodology was as follows (in thousands): Real Business Consumer Total March 31, 2020 Loans individually evaluated for specific impairment $ 10,913 $ 433 $ — $ 11,346 Loans collectively evaluated for general impairment 453,987 96,197 14,722 564,906 Acquired with deteriorated credit quality 732 — — 732 $ 465,632 $ 96,630 $ 14,722 $ 576,984 Real Business Consumer Total December 31, 2019 Loans individually evaluated for specific impairment $ 10,991 $ 144 $ — $ 11,135 Loans collectively evaluated for general impairment 449,138 100,187 15,866 565,191 Acquired with deteriorated credit quality 749 — — 749 $ 460,878 $ 100,331 $ 15,866 $ 577,075 |
Premises and Equipment (Tables)
Premises and Equipment (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Leases [Abstract] | |
Summary Of Lease Costs | Lease costs were as follows: Three Months Ended March 31, 2020 (in thousands) Operating lease cost $ 92 Short-term lease cost 6 Variable lease cost — $ 98 |
Maturity Analysis Of Operating Lease Liabilities | A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: Three Months Ended March 31, 2020 (in thousands) Lease payments due: Within one year $ 348 After one year but within two years 306 After two years but within three years 60 After three year but within four years — After four years but within five years — After five years — Total undiscounted cash flows 714 Discount on cash flows (24 ) Total lease liability $ 690 |
Goodwill and Other Intangible_2
Goodwill and Other Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |
Reconciliation of goodwill | The carrying amount of goodwill for the three months ended March 31, 2020 were as follows: Total Balance at January 1, 2020 $ 13,103 Measurement period adjustment to goodwill from Charter acquisition 27 Balance at March 31, 2020 $ 13,130 |
Reconciliation of intangibale assets | The following table provides a summary of finite-lived intangible assets as of the dates presented: March 31, 2020 December 31, 2019 Core deposit intangible $ 739 $ 766 Accumulated amortization (27 ) (27 ) Total finite-lived intangible assets $ 712 $ 739 |
Summary of finite lived intangible assets future amortization expense | The estimated amortization expense of finite-lived intangible assets for the fived succeeding fiscal years is summarized as follows: Year ending December 31, Amount 2020 $ 82 2021 109 2022 109 2023 109 2024 109 Thereafter 194 $ 712 |
Shareholders' Equity (Tables)
Shareholders' Equity (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Equity [Abstract] | |
Summary of Capital Structure Activity [Table Text Block] | The following summarizes the activity in the capital structure of the Company: Accumulated Number Additional Other of Shares Common Paid-In Comprehensive Retained Issued Stock Capital Income (Loss) Earnings Total Balance, January 1, 2020 5,578,131 $ 1,116 $ 17,883 $ (789 ) $ 94,590 $ 112,800 Net income — — — — 1,160 1,160 Dividends paid ($0.24 per share) — — — — (1,339 ) (1,339 ) Options exercised 4,500 1 86 — — 87 Restricted stock granted — — — — — — Stock compensation expense — — 40 — — 40 Other comprehensive income, net — — — 5,996 — 5,996 Balance, March 31, 2020 5,582,631 $ 1,117 $ 18,009 $ 5,207 $ 94,411 $ 118,744 Accumulated Number Additional Other of Shares Common Paid-In Comprehensive Retained Issued Stock Capital Income (Loss) Earnings Total Balance, January 1, 2019 4,904,530 $ 981 $ 4,298 $ (14,975 ) $ 93,562 $ 83,866 Net income — — — — 1,227 1,227 Dividends paid ($0.24 per share) — — — — (1,177 ) (1,177 ) Options exercised — — — — — — Restricted stock granted — — — — — — Stock compensation expense — — 41 — — 41 Other comprehensive income, net — — — 6,622 — 6,622 Balance, March 31, 2019 4,904,530 $ 981 $ 4,339 $ (8,353 ) $ 93,612 $ 90,579 |
Fair Value of Financial Instr_2
Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2020: Fair Value Measurements Using: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Totals Securities available for sale Obligations of U.S. Government Agencies $ — $ 44,765 $ — $ 44,765 Mortgage-backed securities — 373,488 — 373,488 State, county and municipal obligations — 63,321 — 63,321 Other securities 503 — — 503 Total $ 503 $ 481,574 $ — $ 482,077 The following table presents assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2019: Fair Value Measurements Using: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Totals Securities available for sale Obligations of U.S. Government Agencies $ — $ 97,111 $ — $ 97,111 Mortgage-backed securities — 306,900 — 306,900 State, county and municipal obligations — 60,372 — 60,372 Total $ — $ 464,383 $ — $ 464,383 |
Asset Measured at Fair Value on Nonrecurring Basis | For assets measured at fair value on a nonrecurring basis during 2020 that were still held on the Corporation’s balance sheet at March 31, 2020, the following table provides the hierarchy level and the fair value of the related assets: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Totals Impaired loans $ — $ — $ 254 $ 254 Total $ — $ — $ 254 $ 254 For assets measured at fair value on a nonrecurring basis during 2019 that were still held on the Corporation’s balance sheet at December 31, 2019, the following table provides the hierarchy level and the fair value of the related assets: Fair Value Measurements Using: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (Level 1) (Level 2) (Level 3) Totals Impaired loans $ — $ — $ 4,576 $ 4,576 Total $ — $ — $ 4,576 $ 4,576 |
Carrying Value and Estimated Fair Value of Financial Instruments | The following represents the carrying value and estimated fair value of the Corporation’s financial instruments at March 31, 2020: Fair Value Measurements Using: Quoted Prices in Active Significant Markets for Other Significant Total Carrying Identical Observable Unobservable Fair March 31, 2020 Value Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial assets Cash and due from banks $ 19,610 $ 19,610 $ — $ — $ 19,610 Interest bearing deposits with banks 61,909 61,909 — — 61,909 Securities available-for-sale 482,077 503 481,574 — 482,077 Net loans 573,163 — — 566,944 566,944 Financial liabilities Deposits $ 925,888 $ 693,750 $ 234,138 $ — $ 927,888 Securities sold under agreement to repurchase 159,442 159,442 — — 159,442 The following represents the carrying value and estimated fair value of the Corporation’s financial instruments at December 31, 2019: Fair Value Measurements Using: Quoted Prices in Active Significant Markets for Other Significant Total Carrying Identical Observable Unobservable Fair December 31, 2019 Value Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) Financial assets Cash and due from banks $ 15,937 $ 15,937 $ — $ — $ 15,937 Federal funds sold 1,600 1,600 — — 1,600 Interest bearing deposits with banks 58,557 58,557 — — 58,557 Securities available-for-sale 464,383 — 464,383 — 464,383 Net loans 573,312 — — 569,640 569,640 Financial liabilities Deposits $ 898,996 $ 642,825 $ 258,100 $ — $ 900,925 Securities sold under agreement to repurchase 170,410 170,410 — — 170,410 |
Fair Value, Measurements, Nonrecurring [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Significant Unobservable Inputs (Level 3) Used in Valuation of Assets and Liabilities Measured at Fair Value | The following table presents information as of March 31, 2020 about significant unobservable inputs (Level 3) used in the valuation of assets and liabilities measured at fair value on a nonrecurring basis: Significant Unobservable Range of Financial instrument Fair Value Valuation Technique Inputs Inputs Impaired loans $ 254 Appraised value of collateral less Estimated costs to sell 25 % estimated costs to sell |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Apr. 30, 2020 | |
Summary Of Significant Accounting Policies [Line Items] | ||
Legislative package under CARES | $ 2,000,000,000 | |
SBA PPP Loans [Member] | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Debt instrument term | 2 years | |
Debt instrument interest rate | 1.00% | |
Subsequent Event [Member] | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Deferral loan balance | $ 148,120 | |
Subsequent Event [Member] | SBA PPP Loans [Member] | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Debt instrument face amount | $ 38,315 |
Mergers and Acquisitions - Addi
Mergers and Acquisitions - Additional Information (Detail) $ in Millions | Oct. 01, 2019USD ($)shares |
Business combination transaction value | $ 19.7 |
Common stock issued In business combination | shares | 666,101 |
Charter Bank [Member] | |
Cash transferred | $ 6.1 |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Commitments and Contingencies Disclosure [Abstract] | ||
Loan commitments | $ 86,167 | $ 94,009 |
Letters of credit outstanding | $ 2,488 | $ 2,436 |
Net Income per Share - Earnings
Net Income per Share - Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Earnings Per Share [Abstract] | ||
Basic weighted average shares outstanding | 5,579,381 | 4,892,530 |
Dilutive effect of granted options | 2,030 | 2,598 |
Diluted weighted average shares outstanding | 5,581,411 | 4,895,128 |
Net income | $ 1,160 | $ 1,227 |
Net income per share-basic | $ 0.21 | $ 0.25 |
Net income per share-diluted | $ 0.21 | $ 0.25 |
Equity Compensation Plans -Summ
Equity Compensation Plans -Summary of Stock Option Activity (Detail) | 3 Months Ended |
Mar. 31, 2020$ / sharesshares | |
Number of Options | |
Exercised | (4,500) |
2013 Plan [Member] | |
Number of Options | |
Beginning Balance | 0 |
Granted | 0 |
Exercised | 0 |
Expired | 0 |
Ending Balance | 0 |
Weighted Average Exercise Price | |
Beginning Balance | $ / shares | $ 0 |
Granted | $ / shares | 0 |
Exercised | $ / shares | 0 |
Expired | $ / shares | 0 |
Ending Balance | $ / shares | $ 0 |
Directors Stock Option Plan [Member] | |
Number of Options | |
Beginning Balance | 40,500,000 |
Granted | 0 |
Exercised | (4,500,000) |
Expired | 0 |
Ending Balance | 36,000,000 |
Weighted Average Exercise Price | |
Beginning Balance | $ / shares | $ 21.49 |
Granted | $ / shares | 0 |
Exercised | $ / shares | 19.18 |
Expired | $ / shares | 0 |
Ending Balance | $ / shares | $ 21.78 |
Equity Compensation Plans - Add
Equity Compensation Plans - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2020USD ($)shares | |
Restricted Stock [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Restricted stock restriction period | 1 year |
Restricted stock grants | shares | 7,500,000 |
Restricted stock grant date fair value | $ 161,475,000 |
Directors Stock Option Plan [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Intrinsic value of options outstanding | 15,480,000 |
2013 Plan [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Intrinsic value of options outstanding | $ 0 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Operating Loss Carryforwards [Line Items] | ||
Provision for income taxes | $ 225 | $ 195 |
Effective tax rate | 16.50% | 13.70% |
Securities - Additional Informa
Securities - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Debt Securities, Available-for-sale [Line Items] | ||
Securities at carrying value | $ 418,632 | $ 413,275 |
Securities - Amortized Cost and
Securities - Amortized Cost and Estimated Fair Value of Securities Available-for-Sale (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 475,140 | $ 465,434 |
Gross Unrealized Gains | 7,149 | 1,348 |
Gross Unrealized Losses | 212 | 2,399 |
Estimated Fair Value | 482,077 | 464,383 |
Obligations of U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 44,574 | 97,400 |
Gross Unrealized Gains | 191 | |
Gross Unrealized Losses | 289 | |
Estimated Fair Value | 44,765 | 97,111 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 367,582 | 308,310 |
Gross Unrealized Gains | 6,024 | 640 |
Gross Unrealized Losses | 118 | 2,050 |
Estimated Fair Value | 373,488 | 306,900 |
State, County and Municipal [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 62,484 | 59,724 |
Gross Unrealized Gains | 931 | 708 |
Gross Unrealized Losses | 94 | 60 |
Estimated Fair Value | 63,321 | $ 60,372 |
Other Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 500 | |
Gross Unrealized Gains | 3 | |
Estimated Fair Value | $ 503 |
Securities - Amortized Cost a_2
Securities - Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Available-for-sale, Amortized Cost | ||
Due in one year or less | $ 845 | $ 345 |
Due after one year through five years | 38,070 | 89,920 |
Due after five years through ten years | 17,681 | 18,678 |
Due after ten years | 50,962 | 48,181 |
Total Amortized Cost | 475,140 | 465,434 |
Available-for-sale, Estimated Fair Value | ||
Due in one year or less | 848 | 345 |
Due after one year through five years | 38,117 | 89,681 |
Due after five years through ten years | 18,019 | 18,808 |
Due after ten years | 51,605 | 48,649 |
Total Fair Value | 482,077 | 464,383 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale, Amortized Cost | ||
Total Amortized Cost | 320,902 | 259,309 |
Available-for-sale, Estimated Fair Value | ||
Total Fair Value | 326,742 | 258,415 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale, Amortized Cost | ||
Total Amortized Cost | 46,680 | 49,001 |
Available-for-sale, Estimated Fair Value | ||
Total Fair Value | $ 46,746 | $ 48,485 |
Securities - Summary of Unreali
Securities - Summary of Unrealized Loss Information for Available-for-Sale Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | $ 37,699 | $ 186,692 |
Less than 12 months Unrealized Losses | 185 | 1,125 |
12 months or more Fair Value | 6,217 | 100,790 |
12 months or more Unrealized Losses | 27 | 1,274 |
Total Fair Value | 43,916 | 287,482 |
Total Unrealized Losses | 212 | 2,399 |
Obligations of U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 76,682 | |
Less than 12 months Unrealized Losses | 217 | |
12 months or more Fair Value | 20,429 | |
12 months or more Unrealized Losses | 72 | |
Total Fair Value | 97,111 | |
Total Unrealized Losses | 289 | |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 25,319 | 101,730 |
Less than 12 months Unrealized Losses | 93 | 871 |
12 months or more Fair Value | 5,566 | 76,630 |
12 months or more Unrealized Losses | 25 | 1,179 |
Total Fair Value | 30,885 | 178,360 |
Total Unrealized Losses | 118 | 2,050 |
State, County and Municipal [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 12,380 | 8,280 |
Less than 12 months Unrealized Losses | 92 | 37 |
12 months or more Fair Value | 651 | 3,731 |
12 months or more Unrealized Losses | 2 | 23 |
Total Fair Value | 13,031 | 12,011 |
Total Unrealized Losses | $ 94 | $ 60 |
Non Purchased Loans - Additiona
Non Purchased Loans - Additional Information (Detail) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Minimum loan limit considered for impairment evaluation by management | $ 100,000 | |
Restructured Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | $ 0 | $ 0 |
Non Purchased Loans - Compositi
Non Purchased Loans - Composition of Net Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Gross Loans | $ 485,083 | $ 476,445 | ||
Allowance for Loan Losses | (3,816) | (3,755) | $ (3,560) | $ (3,372) |
Commercial Real Estate Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | (3,051) | (3,075) | (2,794) | (2,845) |
Real Estate Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | (375) | (371) | (313) | (222) |
Consumer Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | (390) | (309) | $ (453) | $ (305) |
Financial assets non purchased loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Gross Loans | 485,083 | 476,445 | ||
Unearned Income | (5) | (8) | ||
Allowance for Loan Losses | (3,816) | (3,755) | ||
Loans, net | 481,262 | 472,682 | ||
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 389,153 | 377,258 | ||
Total Gross Loans | 389,153 | 377,258 | ||
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 78,059 | 66,428 | ||
Total Gross Loans | 78,059 | 66,428 | ||
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 15,241 | 15,595 | ||
Total Gross Loans | 15,241 | 15,595 | ||
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 88,400 | 87,631 | ||
Total Gross Loans | 88,400 | 87,631 | ||
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 207,453 | 207,604 | ||
Total Gross Loans | 207,453 | 207,604 | ||
Financial assets non purchased loans [Member] | Real Estate Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Business loans | 82,856 | 85,294 | ||
Total Gross Loans | 82,856 | 85,294 | ||
Financial assets non purchased loans [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Business loans | 82,207 | 84,611 | ||
Total Gross Loans | 82,207 | 84,611 | ||
Financial assets non purchased loans [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Business loans | 649 | 683 | ||
Total Gross Loans | 649 | 683 | ||
Financial assets non purchased loans [Member] | Consumer Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Gross Loans | 13,074 | 13,893 | ||
Financial assets non purchased loans [Member] | Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Gross Loans | 1,629 | 1,833 | ||
Financial assets non purchased loans [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Gross Loans | $ 11,445 | $ 12,060 |
Non Purchased Loans - Period-En
Non Purchased Loans - Period-End Non-Accrual Loans, Segregated by Class (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | $ 11,941 | $ 11,993 |
1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 82 | 33 |
Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 4 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 11,361 | 11,585 |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 111 | 111 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 230 | 232 |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 2,054 | 2,160 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 8,966 | 9,082 |
Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 522 | 348 |
Real Estate Loans [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 10 | 10 |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 512 | 338 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 58 | 60 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | $ 58 | $ 60 |
Non Purchased Loans - Aging Ana
Non Purchased Loans - Aging Analysis of Past Due Loans, Segregated by Class (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Gross Loans | $ 485,083 | $ 476,445 |
Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 22,599 | 13,354 |
Total Past Due Loans | 26,438 | 16,622 |
Current Loans | 458,645 | 459,823 |
Total Gross Loans | 485,083 | 476,445 |
Accruing Loans 90 or more Days Past Due | 14 | 274 |
Commercial Real Estate Portfolio Segment [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 21,882 | 12,534 |
Total Past Due Loans | 25,379 | 15,430 |
Current Loans | 363,774 | 361,828 |
Total Gross Loans | 389,153 | 377,258 |
Accruing Loans 90 or more Days Past Due | 204 | |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 567 | 736 |
Total Past Due Loans | 678 | 736 |
Current Loans | 77,381 | 65,692 |
Total Gross Loans | 78,059 | 66,428 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 376 | 171 |
Total Past Due Loans | 376 | 210 |
Current Loans | 14,865 | 15,385 |
Total Gross Loans | 15,241 | 15,595 |
Accruing Loans 90 or more Days Past Due | 39 | |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 2,263 | 3,116 |
Total Past Due Loans | 2,759 | 3,893 |
Current Loans | 85,641 | 83,738 |
Total Gross Loans | 88,400 | 87,631 |
Accruing Loans 90 or more Days Past Due | 147 | |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 18,676 | 8,511 |
Total Past Due Loans | 21,566 | 10,591 |
Current Loans | 185,887 | 197,013 |
Total Gross Loans | 207,453 | 207,604 |
Accruing Loans 90 or more Days Past Due | 18 | |
Real Estate Loans [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 566 | 603 |
Total Past Due Loans | 862 | 915 |
Current Loans | 81,994 | 84,379 |
Total Gross Loans | 82,856 | 85,294 |
Accruing Loans 90 or more Days Past Due | 12 | 52 |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 531 | 586 |
Total Past Due Loans | 827 | 898 |
Current Loans | 81,380 | 83,713 |
Total Gross Loans | 82,207 | 84,611 |
Accruing Loans 90 or more Days Past Due | 12 | 52 |
Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 35 | 17 |
Total Past Due Loans | 35 | 17 |
Current Loans | 614 | 666 |
Total Gross Loans | 649 | 683 |
Consumer Portfolio Segment [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 151 | 217 |
Total Past Due Loans | 197 | 277 |
Current Loans | 12,877 | 13,616 |
Total Gross Loans | 13,074 | 13,893 |
Accruing Loans 90 or more Days Past Due | 2 | 18 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 34 | 45 |
Total Past Due Loans | 36 | 63 |
Current Loans | 1,593 | 1,770 |
Total Gross Loans | 1,629 | 1,833 |
Accruing Loans 90 or more Days Past Due | 2 | 18 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 117 | 172 |
Total Past Due Loans | 161 | 214 |
Current Loans | 11,284 | 11,846 |
Total Gross Loans | 11,445 | 12,060 |
Loans 90 or more Days Past Due [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 3,839 | 3,268 |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 3,497 | 2,896 |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 111 | |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 39 | |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 496 | 777 |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 2,890 | 2,080 |
Loans 90 or more Days Past Due [Member] | Real Estate Loans [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 296 | 312 |
Loans 90 or more Days Past Due [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 296 | 312 |
Loans 90 or more Days Past Due [Member] | Consumer Portfolio Segment [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 46 | 60 |
Loans 90 or more Days Past Due [Member] | Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 2 | 18 |
Loans 90 or more Days Past Due [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | $ 44 | $ 42 |
Non Purchased Loans - Impaired
Non Purchased Loans - Impaired Loans, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2020 | Dec. 31, 2019 | |
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | $ 13,062 | $ 12,852 |
Recorded Investment With No Allowance | 7,347 | 6,999 |
Recorded Investment With Allowance | 3,999 | 4,136 |
Total Recorded Investment | 11,346 | 11,135 |
Related Allowance | 677 | 682 |
Average Recorded Investment | 11,241 | 10,722 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 12,629 | 12,708 |
Recorded Investment With No Allowance | 7,114 | 6,999 |
Recorded Investment With Allowance | 3,799 | 3,992 |
Total Recorded Investment | 10,913 | 10,991 |
Related Allowance | 583 | 610 |
Average Recorded Investment | 10,952 | 10,650 |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 111 | 111 |
Recorded Investment With No Allowance | 58 | 58 |
Recorded Investment With Allowance | 53 | 53 |
Total Recorded Investment | 111 | 111 |
Related Allowance | 16 | 16 |
Average Recorded Investment | 111 | 56 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 250 | 252 |
Recorded Investment With No Allowance | 250 | 252 |
Total Recorded Investment | 250 | 252 |
Average Recorded Investment | 251 | 261 |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 805 | 839 |
Recorded Investment With No Allowance | 795 | 740 |
Recorded Investment With Allowance | 10 | 99 |
Total Recorded Investment | 805 | 839 |
Related Allowance | 8 | 28 |
Average Recorded Investment | 822 | 996 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 11,463 | |
Recorded Investment With No Allowance | 6,011 | |
Recorded Investment With Allowance | 3,736 | |
Total Recorded Investment | 9,747 | |
Related Allowance | 559 | |
Average Recorded Investment | 9,768 | |
Commercial Real Estate Portfolio Segment [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 11,506 | |
Recorded Investment With No Allowance | 5,949 | |
Recorded Investment With Allowance | 3,840 | |
Total Recorded Investment | 9,789 | |
Related Allowance | 566 | |
Average Recorded Investment | 9,337 | |
Real Estate Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 433 | 144 |
Recorded Investment With No Allowance | 233 | |
Recorded Investment With Allowance | 200 | 144 |
Total Recorded Investment | 433 | 144 |
Related Allowance | 94 | 72 |
Average Recorded Investment | 289 | 72 |
Real Estate Loans [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 144 | |
Recorded Investment With Allowance | 144 | |
Total Recorded Investment | 144 | |
Related Allowance | 72 | |
Average Recorded Investment | $ 72 | |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 433 | |
Recorded Investment With No Allowance | 233 | |
Recorded Investment With Allowance | 200 | |
Total Recorded Investment | 433 | |
Related Allowance | 94 | |
Average Recorded Investment | $ 289 |
Non Purchased Loans - Troubled
Non Purchased Loans - Troubled Debt Restructurings Segregated by Class (Detail) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2020USD ($)Loan | Mar. 31, 2019USD ($) | Dec. 31, 2019USD ($)Loan | |
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | Loan | 3 | 3 | |
Post-Modification Outstanding Recorded Investment | $ 2,427 | $ 2,495 | $ 2,782 |
Real Estate Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | Loan | 3 | 3 | |
Pre-Modification Outstanding Recorded Investment | $ 4,871 | $ 4,871 | |
Post-Modification Outstanding Recorded Investment | $ 2,427 | $ 2,495 | |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of Loans | Loan | 3 | 3 | |
Pre-Modification Outstanding Recorded Investment | $ 4,871 | $ 4,871 | |
Post-Modification Outstanding Recorded Investment | $ 2,427 | $ 2,495 |
Non Purchased Loans - Changes i
Non Purchased Loans - Changes in Troubled Debt Restructurings (Detail) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2020USD ($)Loan | Mar. 31, 2019USD ($) | Dec. 31, 2019USD ($)Loan | |
Receivables [Abstract] | |||
Number of Loans | Loan | 3 | 3 | |
Principal paydowns, Recorded Investment | $ (68) | $ (287) | |
Post-Modification Outstanding Recorded Investment | $ 2,427 | $ 2,495 | $ 2,782 |
Non Purchased Loans - Detailed
Non Purchased Loans - Detailed Amount of Gross Loans Segregated by Loan Grade and Class (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | $ 485,083 | $ 476,445 |
Financial assets non purchased loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 485,083 | 476,445 |
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 389,153 | 377,258 |
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 78,059 | 66,428 |
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 15,241 | 15,595 |
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 88,400 | 87,631 |
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 207,453 | 207,604 |
Financial assets non purchased loans [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 82,856 | 85,294 |
Financial assets non purchased loans [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 82,207 | 84,611 |
Financial assets non purchased loans [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 649 | 683 |
Financial assets non purchased loans [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 13,074 | 13,893 |
Financial assets non purchased loans [Member] | Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,629 | 1,833 |
Financial assets non purchased loans [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 11,445 | 12,060 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 430,513 | 421,618 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 339,021 | 326,983 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 75,338 | 64,112 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 14,163 | 14,533 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 79,860 | 79,068 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 169,660 | 169,270 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 78,604 | 80,958 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 77,968 | 80,289 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 636 | 669 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 12,888 | 13,677 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,593 | 1,770 |
Financial assets non purchased loans [Member] | Satisfactory 1, 2, 3, 4 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 11,295 | 11,907 |
Financial assets non purchased loans [Member] | Special Mention 5,6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 25,966 | 25,383 |
Financial assets non purchased loans [Member] | Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 25,646 | 25,196 |
Financial assets non purchased loans [Member] | Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 2,099 | 1,682 |
Financial assets non purchased loans [Member] | Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 327 | 331 |
Financial assets non purchased loans [Member] | Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 2,346 | 1,917 |
Financial assets non purchased loans [Member] | Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 20,874 | 21,266 |
Financial assets non purchased loans [Member] | Special Mention 5,6 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 275 | 128 |
Financial assets non purchased loans [Member] | Special Mention 5,6 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 275 | 128 |
Financial assets non purchased loans [Member] | Special Mention 5,6 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 45 | 59 |
Financial assets non purchased loans [Member] | Special Mention 5,6 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 45 | 59 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 28,509 | 29,393 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 24,460 | 25,079 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 622 | 634 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 751 | 731 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 6,168 | 6,646 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 16,919 | 17,068 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 3,954 | 4,198 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 3,951 | 4,194 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 3 | 4 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 95 | 116 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 36 | 63 |
Financial assets non purchased loans [Member] | Substandard 7 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 59 | 53 |
Financial assets non purchased loans [Member] | Doubtful 8 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 54 | 41 |
Financial assets non purchased loans [Member] | Doubtful 8 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 13 | |
Financial assets non purchased loans [Member] | Doubtful 8 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 13 | |
Financial assets non purchased loans [Member] | Doubtful 8 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 41 | 41 |
Financial assets non purchased loans [Member] | Doubtful 8 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 41 | 41 |
Financial assets non purchased loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 41 | 10 |
Financial assets non purchased loans [Member] | Loss [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 26 | |
Financial assets non purchased loans [Member] | Loss [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 26 | |
Financial assets non purchased loans [Member] | Loss [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 10 | 10 |
Financial assets non purchased loans [Member] | Loss [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 10 | $ 10 |
Financial assets non purchased loans [Member] | Loss [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 5 | |
Financial assets non purchased loans [Member] | Loss [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | $ 5 |
Purchased Loans - Additional In
Purchased Loans - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Purchased loans [line Items] | ||
Financing receivable, recorded investment | $ 11,941 | $ 11,993 |
1-4 Family Mortgages [Member] | ||
Purchased loans [line Items] | ||
Financing receivable, recorded investment | 82 | $ 33 |
Real Estate Loan [Member] | ||
Purchased loans [line Items] | ||
Financing receivable, recorded investment | $ 4 |
Purchased Loans - Composition o
Purchased Loans - Composition of Net Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total gross loans | $ 485,083 | $ 476,445 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total gross loans | 91,901 | 100,630 |
Loans, net | 91,901 | 100,630 |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 76,479 | 83,620 |
Total gross loans | 76,479 | 83,620 |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 13,029 | 14,722 |
Total gross loans | 13,029 | 14,722 |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 504 | 510 |
Total gross loans | 504 | 510 |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 32,157 | 35,952 |
Total gross loans | 32,157 | 35,952 |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 30,789 | 32,436 |
Total gross loans | 30,789 | 32,436 |
Financial Asset Acquired with Credit Deterioration [Member] | Real Estate Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Business loans | 13,774 | 15,037 |
Total gross loans | 13,774 | 15,037 |
Financial Asset Acquired with Credit Deterioration [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Business loans | 12,903 | 14,153 |
Total gross loans | 12,903 | 14,153 |
Financial Asset Acquired with Credit Deterioration [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Business loans | 871 | 884 |
Total gross loans | 871 | 884 |
Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total gross loans | 1,648 | 1,973 |
Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total gross loans | $ 1,648 | $ 1,973 |
Purchased Loans - Aging Analysi
Purchased Loans - Aging Analysis of Past Due Loans, Segregated by Class (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Gross Loans | $ 485,083 | $ 476,445 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 1,089 | 2,003 |
Total Past Due Loans | 1,146 | 2,014 |
Current Loans | 90,755 | 98,616 |
Total Gross Loans | 91,901 | 100,630 |
Accruing Loans 90 or more Days Past Due | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 983 | 1,575 |
Total Past Due Loans | 1,040 | 1,575 |
Current Loans | 75,439 | 82,045 |
Total Gross Loans | 76,479 | 83,620 |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 610 | 528 |
Total Past Due Loans | 610 | 528 |
Current Loans | 12,419 | 14,194 |
Total Gross Loans | 13,029 | 14,722 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 167 | |
Total Past Due Loans | 167 | |
Current Loans | 337 | 510 |
Total Gross Loans | 504 | 510 |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 189 | 444 |
Total Past Due Loans | 242 | 444 |
Current Loans | 31,915 | 35,508 |
Total Gross Loans | 32,157 | 35,952 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 17 | 603 |
Total Past Due Loans | 21 | 603 |
Current Loans | 30,768 | 31,833 |
Total Gross Loans | 30,789 | 32,436 |
Real Estate Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 74 | 379 |
Total Past Due Loans | 74 | 382 |
Current Loans | 13,700 | 14,655 |
Total Gross Loans | 13,774 | 15,037 |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 74 | 379 |
Total Past Due Loans | 74 | 382 |
Current Loans | 12,829 | 13,771 |
Total Gross Loans | 12,903 | 14,153 |
Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 871 | 884 |
Total Gross Loans | 871 | 884 |
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 32 | 49 |
Total Past Due Loans | 32 | 57 |
Current Loans | 1,616 | 1,916 |
Total Gross Loans | 1,648 | 1,973 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 32 | 49 |
Total Past Due Loans | 32 | 57 |
Current Loans | 1,616 | 1,916 |
Total Gross Loans | 1,648 | 1,973 |
Loans 90 or more Days Past Due [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 57 | 11 |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 57 | |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 53 | |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | $ 4 | |
Loans 90 or more Days Past Due [Member] | Real Estate Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 3 | |
Loans 90 or more Days Past Due [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 3 | |
Loans 90 or more Days Past Due [Member] | Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 8 | |
Loans 90 or more Days Past Due [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | $ 8 |
Purchased Loans - Detailed Amou
Purchased Loans - Detailed Amount of Gross Loans Segregated by Loan Grade and Class (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | $ 485,083 | $ 476,445 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 91,901 | 100,630 |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 76,479 | 83,620 |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 13,029 | 14,722 |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 504 | 510 |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 32,157 | 35,952 |
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 30,789 | 32,436 |
Financial Asset Acquired with Credit Deterioration [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 13,774 | 15,037 |
Financial Asset Acquired with Credit Deterioration [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 12,903 | 14,153 |
Financial Asset Acquired with Credit Deterioration [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 871 | 884 |
Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,648 | 1,973 |
Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,648 | 1,973 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 86,083 | 95,283 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 71,598 | 78,917 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 12,163 | 13,890 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 504 | 510 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 29,975 | 33,737 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 28,956 | 30,780 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 12,870 | 14,429 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 11,999 | 13,545 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 871 | 884 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,615 | 1,937 |
Financial Asset Acquired with Credit Deterioration [Member] | Satisfactory 1, 2, 3, 4 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,615 | 1,937 |
Financial Asset Acquired with Credit Deterioration [Member] | Special Mention 5,6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 4,463 | 4,624 |
Financial Asset Acquired with Credit Deterioration [Member] | Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 3,842 | 3,980 |
Financial Asset Acquired with Credit Deterioration [Member] | Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 780 | 789 |
Financial Asset Acquired with Credit Deterioration [Member] | Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,516 | 1,535 |
Financial Asset Acquired with Credit Deterioration [Member] | Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,546 | 1,656 |
Financial Asset Acquired with Credit Deterioration [Member] | Special Mention 5,6 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 588 | 608 |
Financial Asset Acquired with Credit Deterioration [Member] | Special Mention 5,6 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 588 | 608 |
Financial Asset Acquired with Credit Deterioration [Member] | Special Mention 5,6 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 33 | 36 |
Financial Asset Acquired with Credit Deterioration [Member] | Special Mention 5,6 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 33 | 36 |
Financial Asset Acquired with Credit Deterioration [Member] | Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,355 | 723 |
Financial Asset Acquired with Credit Deterioration [Member] | Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,039 | 723 |
Financial Asset Acquired with Credit Deterioration [Member] | Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 86 | 43 |
Financial Asset Acquired with Credit Deterioration [Member] | Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 666 | $ 680 |
Financial Asset Acquired with Credit Deterioration [Member] | Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 287 | |
Financial Asset Acquired with Credit Deterioration [Member] | Substandard 7 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 316 | |
Financial Asset Acquired with Credit Deterioration [Member] | Substandard 7 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | $ 316 |
Purchased Loans - Summary of Lo
Purchased Loans - Summary of Loans purchased in business combinations (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | $ 573,163 | $ 573,312 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | 732 | 749 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | 732 | 749 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Land Development And Construction Loans [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | 36 | 43 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Farmland Loan [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | 1-4 Family Mortgages [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | 692 | 706 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Real Estate Loan [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | $ 4 | $ 0 |
Purchased Loans - Fair Value of
Purchased Loans - Fair Value of Loans Determined to be Impaired (Detail) - USD ($) $ in Thousands | Oct. 01, 2019 | Mar. 31, 2020 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Contractually-required principal | $ 104,127 | |
Nonaccretable difference | (68) | |
Cash flows expected to be collected | 104,059 | |
Accretable yield | (394) | $ (5) |
Fair Value | $ 103,665 | |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Contractually-required principal | 993 | |
Nonaccretable difference | (68) | |
Cash flows expected to be collected | 925 | |
Accretable yield | (36) | |
Fair Value | $ 889 |
Purchased Loans - Accretable Yi
Purchased Loans - Accretable Yield of Loans Purchased with Deteriorated Credit Quality (Detail) - USD ($) $ in Thousands | Oct. 01, 2019 | Mar. 31, 2020 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract] | ||
Balance at January 1, 2020 | $ (16) | |
Reclasses from nonaccretable difference | (13) | |
Accretion | $ 394 | 5 |
Balance at March 31, 2020 | $ (24) |
Purchased Loans - Fair Value _2
Purchased Loans - Fair Value of Loans Purchased from Charter (Detail) - USD ($) $ in Thousands | Oct. 01, 2019 | Mar. 31, 2020 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract] | ||
Contractually-required principal | $ 104,127 | |
Nonaccretable difference | (68) | |
Cash flows expected to be collected | 104,059 | |
Accretable yield | (394) | $ (5) |
Fair Value | $ 103,665 |
Allowance for Loan Losses - Det
Allowance for Loan Losses - Detailed Activity in Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2020 | Mar. 31, 2019 | Mar. 31, 2020 | Mar. 31, 2019 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning Balance | $ 3,755 | $ 3,372 | ||
Provision for (reversal of) loan losses | 314 | 195 | ||
Chargeoffs | 300 | 37 | ||
Recoveries | 47 | 30 | ||
Net chargeoffs (recoveries) | 253 | 7 | ||
Ending Balance | 3,816 | 3,560 | ||
Loans individually evaluated for impairment | $ 677 | $ 422 | ||
Loans collectively evaluated for impairment | 3,139 | 3,138 | ||
Ending Balance | 3,755 | 3,372 | 3,816 | 3,560 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning Balance | 3,075 | 2,845 | ||
Provision for (reversal of) loan losses | 184 | (63) | ||
Chargeoffs | 222 | |||
Recoveries | 14 | 12 | ||
Net chargeoffs (recoveries) | 208 | (12) | ||
Ending Balance | 3,051 | 2,794 | ||
Loans individually evaluated for impairment | 582 | 417 | ||
Loans collectively evaluated for impairment | 2,469 | 2,377 | ||
Ending Balance | 3,075 | 2,845 | 3,051 | 2,794 |
Real Estate Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning Balance | 371 | 222 | ||
Provision for (reversal of) loan losses | 3 | 99 | ||
Chargeoffs | 23 | 12 | ||
Recoveries | 24 | 4 | ||
Net chargeoffs (recoveries) | (1) | 8 | ||
Ending Balance | 375 | 313 | ||
Loans individually evaluated for impairment | 95 | 5 | ||
Loans collectively evaluated for impairment | 280 | 308 | ||
Ending Balance | 371 | 222 | 375 | 313 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning Balance | 309 | 305 | ||
Provision for (reversal of) loan losses | 127 | 159 | ||
Chargeoffs | 55 | 25 | ||
Recoveries | 9 | 14 | ||
Net chargeoffs (recoveries) | 46 | 11 | ||
Ending Balance | 390 | 453 | ||
Loans collectively evaluated for impairment | 390 | 453 | ||
Ending Balance | $ 309 | $ 305 | $ 390 | $ 453 |
Allowance for Loan Losses - Rec
Allowance for Loan Losses - Recorded Investment in Loans Related to Balance in Allowance for Possible Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2020 | Dec. 31, 2019 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for specific impairment | $ 11,346 | $ 11,135 |
Loans collectively evaluated for general impairment | 564,906 | 565,191 |
Acquired with deteriorated credit quality | 732 | 749 |
Total Gross Loans | 576,984 | 577,075 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for specific impairment | 10,913 | 10,991 |
Loans collectively evaluated for general impairment | 453,987 | 449,138 |
Acquired with deteriorated credit quality | 732 | 749 |
Total Gross Loans | 465,632 | 460,878 |
Real Estate Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for specific impairment | 433 | 144 |
Loans collectively evaluated for general impairment | 96,197 | 100,187 |
Total Gross Loans | 96,630 | 100,331 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans collectively evaluated for general impairment | 14,722 | 15,866 |
Total Gross Loans | $ 14,722 | $ 15,866 |
Premises and Equipment - Summar
Premises and Equipment - Summary of Lease Costs (Detail) $ in Thousands | 3 Months Ended |
Mar. 31, 2020USD ($) | |
Operating lease cost | $ 92 |
Short-term lease cost | 6 |
Total lease cost | $ 98 |
Premises and Equipment - Maturi
Premises and Equipment - Maturities of Operating Lease Liabilities (Detail) $ in Thousands | Mar. 31, 2020USD ($) |
Lease payments due: | |
Within one year | $ 348 |
After one year but within two years | 306 |
After two years but within three years | 60 |
After three year but within four years | 0 |
Total undiscounted cash flows | 714 |
Discount on cash flows | (24) |
Total lease liability | $ 690 |
Premises and Equipment - Additi
Premises and Equipment - Additional Information (Detail) $ in Thousands | Mar. 31, 2020USD ($) |
Operating lease right-of-use ("ROU") | $ 690 |
Weighted average remaining lease term | 1 year 1 month 6 days |
Weighted average discount rate | 3.30% |
Goodwill and Other Intangible_3
Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Core Deposits [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Amortization expense | $ 27 | $ 0 |
Goodwill and Other Intangible_4
Goodwill and Other Intangible Assets - Carrying Amount of Goodwill (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2020USD ($) | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Beginning balance | $ 13,103 |
Measurement period adjustment to goodwill from Charter acquisition | 27 |
Ending balance | $ 13,130 |
Goodwill and Other Intangible_5
Goodwill and Other Intangible Assets - Schedule of Finite Lived Intangible Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Core deposit intangible | $ 739 | $ 766 |
Accumulated amortization | (27) | (27) |
Total | $ 712 | $ 739 |
Goodwill and Other Intangible_6
Goodwill and Other Intangible Assets - Summary of Finite Lived Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | ||
2020 | $ 82 | |
2021 | 109 | |
2022 | 109 | |
2023 | 109 | |
2024 | 109 | |
Thereafter | 194 | |
Total | $ 712 | $ 739 |
Shareholders' Equity - Summary
Shareholders' Equity - Summary of Capital Structure Activity (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Beginning Balance | $ 112,800 | $ 83,866 |
Beginning Balance (in shares) | 5,578,131 | 4,904,530 |
Net income | $ 1,160 | $ 1,227 |
Dividends paid | (1,339) | (1,177) |
Options exercised | $ 87 | |
Options exercised (in shares) | 4,500 | |
Stock compensation expense | $ 40 | 41 |
Other comprehensive income, net | 5,996 | 6,622 |
Ending Balance | $ 118,744 | $ 90,579 |
Ending Balance (in shares) | 5,582,631 | 4,904,530 |
Common Stock | ||
Beginning Balance | $ 1,116 | $ 981 |
Options exercised | 1 | |
Ending Balance | 1,117 | 981 |
Additional Paid-In Capital | ||
Beginning Balance | 17,883 | 4,298 |
Options exercised | 86 | |
Stock compensation expense | 40 | 41 |
Ending Balance | 18,009 | 4,339 |
Accumulated Other Comprehensive Income (Loss) | ||
Beginning Balance | (789) | (14,975) |
Other comprehensive income, net | 5,996 | 6,622 |
Ending Balance | 5,207 | (8,353) |
Retained Earnings | ||
Beginning Balance | 94,590 | 93,562 |
Net income | 1,160 | 1,227 |
Dividends paid | (1,339) | (1,177) |
Ending Balance | $ 94,411 | $ 93,612 |
Fair Value of Financial Instr_3
Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2020 | Dec. 31, 2019 | |
Fair Value Disclosures [Abstract] | ||
Gains or losses in earnings attributable to the change in unrealized gains or losses | $ 0 | $ 0 |
Carrying value of an impaired loan | 390,000 | 5,003,000 |
Impaired loans, allowance for loan losses | 136,000 | 427,000 |
Fair value adjustment to OREO due to declines or impairment after foreclosure | $ 0 | $ 0 |
Fair Value of Financial Instr_4
Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | $ 482,077 | $ 464,383 |
Obligations of U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 44,765 | 97,111 |
Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 373,488 | 306,900 |
State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 63,321 | 60,372 |
Other Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 503 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 503 | |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 481,574 | 464,383 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 482,077 | 464,383 |
Fair Value, Measurements, Recurring [Member] | Obligations of U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 44,765 | 97,111 |
Fair Value, Measurements, Recurring [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 373,488 | 306,900 |
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 63,321 | 60,372 |
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 503 | |
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Other Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 503 | |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 481,574 | 464,383 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Obligations of U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 44,765 | 97,111 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 373,488 | 306,900 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | $ 63,321 | $ 60,372 |
Fair Value of Financial Instr_5
Fair Value of Financial Instruments - Asset Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring Basis | $ 254,000 | $ 4,576,000 |
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring Basis | 254,000 | 4,576,000 |
Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring Basis | 254,000 | 4,576,000 |
Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring Basis | $ 254,000 | $ 4,576,000 |
Fair Value of Financial Instr_6
Fair Value of Financial Instruments - Carrying Value and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Financial assets | ||
Cash and due from banks | $ 19,610 | $ 15,937 |
Interest bearing deposits with banks | 61,909 | 58,557 |
Federal funds sold | 1,600 | |
Securities available-for-sale | 482,077 | 464,383 |
Net loans | 566,944 | 569,640 |
Financial liabilities | ||
Deposits | 927,888 | 900,925 |
Securities Sold under Agreement to Repurchase | 159,442 | 170,410 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Financial assets | ||
Cash and due from banks | 19,610 | 15,937 |
Interest bearing deposits with banks | 61,909 | 58,557 |
Federal funds sold | 1,600 | |
Securities available-for-sale | 503 | |
Financial liabilities | ||
Deposits | 693,750 | 642,825 |
Securities Sold under Agreement to Repurchase | 159,442 | 170,410 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Financial assets | ||
Securities available-for-sale | 481,574 | 464,383 |
Financial liabilities | ||
Deposits | 234,138 | 258,100 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Financial assets | ||
Net loans | 566,944 | 569,640 |
Carrying Value [Member] | ||
Financial assets | ||
Cash and due from banks | 19,610 | 15,937 |
Interest bearing deposits with banks | 61,909 | 58,557 |
Federal funds sold | 1,600 | |
Securities available-for-sale | 482,077 | 464,383 |
Net loans | 573,163 | 573,312 |
Financial liabilities | ||
Deposits | 925,888 | 898,996 |
Securities Sold under Agreement to Repurchase | $ 159,442 | $ 170,410 |
Fair Value of Financial Instr_7
Fair Value of Financial Instruments - Significant Unobservable Inputs (Level 3) Used in Valuation of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Dec. 31, 2019 | |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair Value | $ 254,000 | $ 4,576,000 |
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair Value | $ 254,000 | $ 4,576,000 |
Valuation Technique | Appraised value of collateral less estimated costs to sell | |
Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Loss Severity [Member] | Impaired Loans [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Estimated costs to sell | 25.00% |