Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Oct. 29, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | AMES NATIONAL CORPORATION | |
Entity Central Index Key | 0001132651 | |
Trading Symbol | atlo | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 9,222,747 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
ASSETS | ||
Cash and due from banks | $ 33,485,066 | $ 30,384,066 |
Interest bearing deposits in financial institutions | 78,930,485 | 26,057,513 |
Securities available-for-sale | 457,994,898 | 458,971,162 |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | 2,655,200 | 3,191,200 |
Loans receivable, net | 882,130,277 | 890,461,479 |
Loans held for sale | 1,637,225 | 401,287 |
Bank premises and equipment, net | 15,558,457 | 15,813,196 |
Accrued income receivable | 9,736,328 | 9,415,570 |
Other real estate owned | 217,856 | 829,603 |
Bank-owned life insurance | 2,823,861 | 2,773,729 |
Deferred income taxes, net | 820,400 | 3,848,713 |
Intangible assets, net | 2,250,663 | 2,677,884 |
Goodwill | 9,744,472 | 9,744,472 |
Other assets | 1,990,450 | 1,117,477 |
Total assets | 1,499,975,638 | 1,455,687,351 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
Demand, noninterest bearing | 226,521,237 | 230,113,170 |
NOW accounts | 391,739,201 | 366,178,715 |
Savings and money market | 402,665,343 | 418,384,284 |
Time, $250,000 and over | 52,068,331 | 40,014,550 |
Other time | 176,138,860 | 166,393,120 |
Total deposits | 1,249,132,972 | 1,221,083,839 |
Securities sold under agreements to repurchase | 52,196,061 | 40,674,486 |
Federal Home Loan Bank (FHLB) advances | 5,000,000 | 14,600,000 |
Dividends payable | 2,213,459 | 2,137,460 |
Accrued expenses and other liabilities | 5,269,746 | 4,326,502 |
Total liabilities | 1,313,812,238 | 1,282,822,287 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 9,222,747 and 9,293,305 shares as of September 30, 2019 and December 31, 2018, respectively | 18,445,494 | 18,586,610 |
Additional paid-in capital | 18,794,141 | 20,461,724 |
Retained earnings | 144,140,565 | 137,891,821 |
Accumulated other comprehensive income (loss) - net unrealized income (loss) on securities available-for-sale | 4,783,200 | (4,075,091) |
Total stockholders' equity | 186,163,400 | 172,865,064 |
Total liabilities and stockholders' equity | $ 1,499,975,638 | $ 1,455,687,351 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Sep. 30, 2019 | Dec. 31, 2018 |
Common stock, par value (in dollars per share) | $ 2 | $ 2 |
Common stock, authorized (in shares) | 18,000,000 | 18,000,000 |
Common stock, issued (in shares) | 9,222,747 | 9,293,305 |
Common stock, outstanding (in shares) | 9,222,747 | 9,293,305 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Interest income: | ||||
Loans, including fees | $ 10,513,426 | $ 9,557,527 | $ 32,022,997 | $ 27,442,604 |
Securities: | ||||
Taxable | 1,671,572 | 1,545,541 | 4,715,137 | 4,638,503 |
Tax-exempt | 945,769 | 1,085,131 | 3,114,298 | 3,451,084 |
Interest bearing deposits and federal funds sold | 400,963 | 272,358 | 928,996 | 721,417 |
Total interest income | 13,531,730 | 12,460,557 | 40,781,428 | 36,253,608 |
Interest expense: | ||||
Deposits | 2,547,763 | 1,740,579 | 7,512,979 | 4,736,455 |
Other borrowed funds | 170,082 | 134,017 | 553,930 | 533,870 |
Total interest expense | 2,717,845 | 1,874,596 | 8,066,909 | 5,270,325 |
Net interest income | 10,813,885 | 10,585,961 | 32,714,519 | 30,983,283 |
Provision for loan losses | 378,789 | 100,000 | 545,203 | 192,978 |
Net interest income after provision for loan losses | 10,435,096 | 10,485,961 | 32,169,316 | 30,790,305 |
Noninterest income: | ||||
Securities gains, net | 15,141 | 17,031 | ||
Gain on sale of loans held for sale | 289,033 | 207,856 | 685,790 | 576,441 |
Gain on foreclosure of other real estate owned | 162,862 | 162,862 | ||
Other noninterest income | 184,399 | 191,130 | 615,688 | 570,685 |
Total noninterest income | 2,119,229 | 2,161,803 | 6,257,876 | 5,916,677 |
Noninterest expense: | ||||
Salaries and employee benefits | 4,780,894 | 4,331,976 | 14,294,219 | 13,216,844 |
Data processing | 1,085,951 | 838,414 | 2,849,396 | 2,506,804 |
Occupancy expenses, net | 526,360 | 536,004 | 1,643,924 | 1,490,395 |
FDIC insurance assessments | 1,698 | 99,934 | 193,593 | 308,002 |
Professional fees | 386,339 | 423,172 | 1,158,168 | 1,123,577 |
Business development | 310,786 | 327,985 | 827,561 | 821,344 |
Intangible asset amortization | 124,243 | 94,883 | 427,221 | 266,337 |
Data conversion costs | 167,815 | 167,815 | ||
Other operating expenses, net | 259,048 | 167,649 | 755,971 | 664,914 |
Total noninterest expense | 7,475,319 | 6,987,832 | 22,150,053 | 20,566,032 |
Income before income taxes | 5,079,006 | 5,659,932 | 16,277,139 | 16,140,950 |
Provision for income taxes | 1,037,845 | 1,201,100 | 3,380,950 | 3,328,100 |
Net income | $ 4,041,161 | $ 4,458,832 | $ 12,896,189 | $ 12,812,850 |
Basic and diluted earnings per share (in dollars per share) | $ 0.44 | $ 0.48 | $ 1.40 | $ 1.38 |
Cash dividends declared, per share (in dollars per share) | $ 0.24 | $ 0.23 | $ 0.72 | $ 0.94 |
Fiduciary and Trust [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 857,664 | $ 877,146 | $ 2,661,421 | $ 2,534,510 |
Financial Service [Member] | ||||
Noninterest income: | ||||
Noninterest income | 400,919 | 363,993 | 1,158,348 | 1,036,841 |
Credit and Debit Card [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 372,073 | $ 358,816 | $ 1,119,598 | $ 1,035,338 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Net income | $ 4,041,161 | $ 4,458,832 | $ 12,896,189 | $ 12,812,850 |
Other comprehensive income (loss), before tax: | ||||
Unrealized holding gains (losses) arising during the period | 1,786,525 | (2,171,391) | 11,828,086 | (8,245,692) |
Less: reclassification adjustment for gains realized in net income | 15,141 | 17,031 | ||
Other comprehensive income (loss), before tax | 1,771,384 | (2,171,391) | 11,811,055 | (8,245,692) |
Tax effect related to other comprehensive income (loss) | (442,846) | 542,848 | (2,952,764) | 2,061,767 |
Other comprehensive income (loss), net of tax | 1,328,538 | (1,628,543) | 8,858,291 | (6,183,925) |
Comprehensive income | $ 5,369,699 | $ 2,830,289 | $ 21,754,480 | $ 6,628,925 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total | |
Balance at Dec. 31, 2017 | $ 18,621,826 | $ 20,878,728 | $ 131,684,961 | $ (432,373) | $ 170,753,142 | |
Net income | 12,812,850 | 12,812,850 | ||||
Other comprehensive income (loss) | (6,183,925) | (6,183,925) | ||||
Cash dividends declared | (8,752,258) | (8,752,258) | ||||
The cumulative effect from change in accounting policy (1) | [1] | 82,700 | (82,700) | |||
Balance at Sep. 30, 2018 | 18,621,826 | 20,878,728 | 135,828,253 | (6,698,998) | 168,629,809 | |
Balance at Jun. 30, 2018 | 18,621,826 | 20,878,728 | 133,510,931 | (5,070,455) | 167,941,030 | |
Net income | 4,458,832 | 4,458,832 | ||||
Other comprehensive income (loss) | (1,628,543) | (1,628,543) | ||||
Cash dividends declared | (2,141,510) | (2,141,510) | ||||
Balance at Sep. 30, 2018 | 18,621,826 | 20,878,728 | 135,828,253 | (6,698,998) | 168,629,809 | |
Balance at Dec. 31, 2018 | 18,586,610 | 20,461,724 | 137,891,821 | (4,075,091) | 172,865,064 | |
Net income | 12,896,189 | 12,896,189 | ||||
Other comprehensive income (loss) | 8,858,291 | 8,858,291 | ||||
Cash dividends declared | (6,647,445) | (6,647,445) | ||||
Retirement of shares of stock | (141,116) | (1,667,583) | (1,808,699) | |||
Balance at Sep. 30, 2019 | 18,445,494 | 18,794,141 | 144,140,565 | 4,783,200 | 186,163,400 | |
Balance at Jun. 30, 2019 | 18,464,244 | 19,019,767 | 142,312,863 | 3,454,662 | 183,251,536 | |
Net income | 4,041,161 | 4,041,161 | ||||
Other comprehensive income (loss) | 1,328,538 | 1,328,538 | ||||
Cash dividends declared | (2,213,459) | (2,213,459) | ||||
Retirement of shares of stock | (18,750) | (225,626) | (244,376) | |||
Balance at Sep. 30, 2019 | $ 18,445,494 | $ 18,794,141 | $ 144,140,565 | $ 4,783,200 | $ 186,163,400 | |
[1] | The cumulative effect for the nine months ended September 30, 2018, reflects adoption in first quarter 2018 of ASU 2018-02. |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Retained Earnings [Member] | ||||
Cash dividends declared, per share (in dollars per share) | $ 0.24 | $ 0.23 | $ 0.72 | $ 0.94 |
Cash dividends declared, per share (in dollars per share) | $ 0.24 | $ 0.23 | $ 0.72 | $ 0.94 |
Retirement of shares (in shares) | 9,375 | 70,558 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net income | $ 4,041,161 | $ 4,458,832 | $ 12,896,189 | $ 12,812,850 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||
Provision for loan losses | 545,203 | 192,978 | ||
Provision for off-balance sheet commitments | 9,000 | |||
Amortization, net | 1,048,818 | 1,583,534 | ||
Amortization of intangible asset | 124,243 | 94,883 | 427,221 | 266,337 |
Depreciation | 903,070 | 845,163 | ||
Deferred income taxes | 75,549 | (24,000) | ||
Securities gains, net | (15,141) | (17,031) | ||
(Gain) on sales of loans held for sale | (685,790) | (576,441) | ||
Proceeds from loans held for sale | 34,023,953 | 23,480,924 | ||
Originations of loans held for sale | (34,574,101) | (23,184,423) | ||
Loss on sale and disposal of bank equipment, net | 9,360 | 11,479 | ||
(Gain) on sale and foreclosure of other real estate owned, net | (43,414) | (226,054) | ||
Change in assets and liabilities: | ||||
(Increase) in accrued income receivable | (320,758) | (239,749) | ||
(Increase) decrease in other assets | (892,594) | 133,639 | ||
Increase in accrued expenses and other liabilities | 943,244 | 385,983 | ||
Net cash provided by operating activities | 14,338,919 | 15,471,220 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Purchase of securities available-for-sale | (61,502,161) | (24,209,779) | ||
Proceeds from sale of securities available-for-sale | 8,211,157 | |||
Proceeds from maturities and calls of securities available-for-sale | 64,641,695 | 52,143,244 | ||
Purchase of FHLB stock | (3,912,600) | (3,070,400) | ||
Proceeds from the redemption of FHLB stock | 4,448,600 | 3,275,100 | ||
Net (increase) decrease in interest bearing deposits in financial institutions | (52,872,972) | 6,448,428 | ||
Net (increase) decrease in loans | 8,159,497 | (12,239,005) | ||
Net proceeds from the sale of other real estate owned | 655,161 | 117,905 | ||
Purchase of bank premises and equipment | (648,005) | (591,165) | ||
Proceeds from the sale of bank equipment | 4,000 | |||
Cash paid, net of cash acquired, for bank acquired | (13,443,219) | |||
Other | (50,132) | 1,139,029 | ||
Net cash provided by (used in) investing activities | (32,865,760) | 9,570,138 | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Increase (decrease) in deposits | 28,086,411 | (1,795,096) | ||
Increase in securities sold under agreements to repurchase | 11,521,575 | 2,434,281 | ||
Payments on FHLB borrowings and other borrowings | (12,600,000) | (24,500,000) | ||
Proceeds from FHLB borrowings | 3,000,000 | |||
Proceeds from short-term borrowings and other borrowings | 6,400,000 | |||
Dividends paid | (6,571,446) | (8,659,149) | ||
Stock repurchases | (1,808,699) | |||
Net cash provided by (used in) financing activities | 21,627,841 | (26,119,964) | ||
Net increase (decrease) in cash and due from banks | 3,101,000 | (1,078,606) | ||
CASH AND DUE FROM BANKS | ||||
Beginning | 30,384,066 | 26,397,550 | ||
Ending | 33,485,066 | 25,318,944 | 33,485,066 | 25,318,944 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||
Interest | 7,852,381 | 5,039,767 | ||
Income taxes | 3,360,844 | 3,484,746 | ||
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES | ||||
Transfer of loans receivable to other real estate owned | 116,137 | |||
Business Combination: | ||||
Goodwill | 9,744,472 | 9,744,472 | ||
Acquisition of Clarke County State Bank [Member] | ||||
Business Combination: | ||||
Fair value of interest bearing deposits in financial institutions acquired | 1,475,000 | 1,475,000 | ||
Fair value of federal funds sold acquired | 1,154,000 | 1,154,000 | ||
Fair value of securities available-for-sale acquired | 17,196,715 | 17,196,715 | ||
Fair value of loans receivable acquired | 76,041,470 | 76,041,470 | ||
Fair value of bank premises and equipment acquired | 924,400 | 924,400 | ||
Fair value of accrued interst receivable acquired | 862,895 | 862,895 | ||
Fair value of other real estate owned acquired | 120,000 | 120,000 | ||
Fair value of other tangible assets acquired | 318,596 | 318,596 | ||
Fair value of bank owned life insurance | 2,754,798 | 2,754,798 | ||
Goodwill | 3,012,255 | 3,012,255 | ||
Core deposit intangible | 2,002,000 | 2,002,000 | ||
Deposits assumed | 83,169,311 | 83,169,311 | ||
Federal funds purchased assumed | 9,000,000 | 9,000,000 | ||
Other liabilities assumed | $ 123,749 | $ 123,749 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. The consolidated financial statements for the three nine September 30, 2019 2018 not may 10 December 31, 2018 ( Goodwill: Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill resulting from acquisitions is not not two second Significant judgment is applied when goodwill is assessed for impairment. This judgment includes developing cash flow projections, selecting appropriate discount rates, identifying relevant market comparables, incorporating general economic and market conditions and selecting an appropriate control premium. At September 30, 2019, not New and Pending Accounting Pronouncements : February 2016, No. 2016 02, 842 12 July 2018, No. 2018 11, 842, not December 15, 2018. not In June 2016, No. 2016 13, 326 December 15, 2022. not No. 2016 13 In January 2017, 2017 04, 350 Simplifying the Test for Goodwill Impairment 2 December 15, 2019, January 1, 2017. not In August 2018, No. 2018 13, 820 Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. December 15, 2019, 2020 not |
Note 2 - Bank Acquisition
Note 2 - Bank Acquisition | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 2. On September 14, 2018, September 30, 2018 100% $14.8 $2.0 $3.0 September 14, 2018. $386,000. The following table summarizes the fair value of the total consideration transferred as a part of the Acquisition as well as the fair value of identifiable assets acquired and liabilities assumed as of the effective date of the transaction. Cash consideration transferred $ 14,806,981 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 1,363,762 Federal funds sold 1,154,000 Interest bearing deposits in financial institutions 1,475,000 Securities available-for-sale 17,196,715 Federal Home Loan Bank stock 129,600 Loans receivable 76,041,470 Accrued interest receivable 862,895 Bank premises and equipment 924,400 Other real estate owned 120,000 Deferred income taxes 49,150 Bank owned life insurance 2,754,798 Core deposit intangible asset 2,002,000 Other assets 13,996 Deposits (83,169,311 ) Federal funds purchased (9,000,000 ) Accrued interest payable and other liabilities (123,749 ) Total identifiable net assets 11,794,726 Goodwill $ 3,012,255 On September 14, 2018, $77.2 $83.1 1 4 The acquired loans at contractual values as of September 14, 2018 Pass $ 63,220,130 Watch 9,430,540 Special Mention 2,733,940 Substandard 1,426,137 Deteriorated credit 385,884 Total loans acquired at book value $ 77,196,631 Loans acquired as deteriorated credit loans will be included with impaired loans. The core deposit intangible asset is amortized to expense on a declining basis over a period of ten ten two |
Note 3 - Dividends
Note 3 - Dividends | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Dividends Disclosure [Text Block] | 3. On August 14, 2019, November 15, 2019 November 1, 2019 $0.24 |
Note 4 - Earnings Per Share
Note 4 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 4. Earnings per share amounts were calculated using the weighted average shares outstanding during the periods presented. The weighted average outstanding shares for the three September 30, 2019 2018 9,227,685 9,310,913, nine September 30, 2019 2018 9,236,989 9,310,913, no |
Note 5 - Off-balance Sheet Arra
Note 5 - Off-balance Sheet Arrangements | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Loans and Leases Receivable Commitments [Text Block] | 5. The Company is party to financial instruments with off-balance sheet risk in the normal course of business. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. No December 31, 2018. |
Note 6 - Fair Value Measurement
Note 6 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 6. Assets and liabilities carried at fair value are required to be classified and disclosed according to the process for determining fair value. There are three Level 1: Level 2: not Level 3: 3 The following table presents the balances of assets measured at fair value on a recurring basis by level as of September 30, 2019 December 31, 2018. (in thousands) Description Total Level 1 Level 2 Level 3 2019 U.S. government treasuries $ 7,528 $ 7,528 $ - $ - U.S. government agencies 128,882 - 128,882 - U.S. government mortgage-backed securities 64,146 - 64,146 - State and political subdivisions 187,940 - 187,940 - Corporate bonds 69,499 - 69,499 - $ 457,995 $ 7,528 $ 450,467 $ - 2018 U.S. government treasuries $ 7,800 $ 7,800 $ - $ - U.S. government agencies 110,268 - 110,268 - U.S. government mortgage-backed securities 70,382 - 70,382 - State and political subdivisions 215,955 - 215,955 - Corporate bonds 54,566 - 54,566 - $ 458,971 $ 7,800 $ 451,171 $ - Level 1 2 may The Company's policy is to recognize transfers between levels at the end of each reporting period, if applicable. There were no nine September 30, 2019. Certain assets are measured at fair value on a nonrecurring basis; that is, they are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following table presents the assets carried on the balance sheet (after specific reserves) by caption and by level within the valuation hierarchy as of September 30, 2019 December 31, 2018. (in thousands) Description Total Level 1 Level 2 Level 3 2019 Loans receivable $ 377 $ - $ - $ 377 Other real estate owned 218 - - 218 Total $ 595 $ - $ - $ 595 2018 Loans receivable $ 2,030 $ - $ - $ 2,030 Other real estate owned 830 - - 830 Total $ 2,860 $ - $ - $ 2,860 Loans Receivable 3. Other Real Estate Owned: not 3. The significant inputs used in the fair value measurements for Level 3 September 30, 2019 December 31, 2018 (in thousands) 2019 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 377 Evaluation of collateral Estimation of value NM* Other real estate owned $ 218 Appraisal Appraisal adjustment 6% - 8% (7%) 2018 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 2,030 Evaluation of collateral Estimation of value NM* Other real estate owned $ 830 Appraisal Appraisal adjustment 6% - 8% (7%) * Not may not GAAP requires disclosure of the fair value of financial assets and financial liabilities, including those that are not Fair value of financial instruments: Disclosure of fair value information about financial instruments, for which it is practicable to estimate that value, is required whether or not not not not not The following disclosures represent financial instruments in which the ending balances at September 30, 2019 December 31, 2018 not Securities available-for-sale 1 2 not may 1 2 Loans held for sale Limitations no The estimated fair values of the Company’s financial instruments as described above as of September 30, 2019 December 31, 2018 (in thousands) 2019 2018 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and due from banks Level 1 $ 33,485 $ 33,485 $ 30,384 $ 30,384 Interest bearing deposits Level 1 78,930 78,930 26,058 26,058 Securities available-for-sale See previous table 457,995 457,995 458,971 458,971 FHLB and FRB stock Level 2 2,655 2,655 3,191 3,191 Loans receivable, net Level 2 882,130 863,585 890,461 864,417 Loans held for sale Level 2 1,637 1,637 401 401 Accrued income receivable Level 1 9,736 9,736 9,416 9,416 Financial liabilities: Deposits Level 2 $ 1,249,133 $ 1,250,478 $ 1,221,084 $ 1,219,643 Securities sold under agreements to repurchase Level 1 52,196 52,196 40,674 40,674 FHLB advances Level 2 5,000 4,940 14,600 14,559 Accrued interest payable Level 1 901 901 649 649 The methodologies used to determine fair value as of September 30, 2019 not December 31, 2018 |
Note 7 - Debt and Equity Securi
Note 7 - Debt and Equity Securities | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 7. The amortized cost of securities available-for-sale and their fair values as of September 30, 2019 December 31, 2018 (in thousands) 2019: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 7,454 $ 74 $ - $ 7,528 U.S. government agencies 126,716 2,199 (33 ) 128,882 U.S. government mortgage-backed securities 63,410 753 (17 ) 64,146 State and political subdivisions 186,295 1,898 (253 ) 187,940 Corporate bonds 67,743 1,773 (17 ) 69,499 $ 451,618 $ 6,697 $ (320 ) $ 457,995 2018: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 7,925 $ - $ (125 ) $ 7,800 U.S. government agencies 111,759 73 (1,564 ) 110,268 U.S. government mortgage-backed securities 71,596 88 (1,302 ) 70,382 State and political subdivisions 217,247 465 (1,757 ) 215,955 Corporate bonds 55,877 2 (1,313 ) 54,566 $ 464,404 $ 628 $ (6,061 ) $ 458,971 The amortized cost and fair value of debt securities available-for-sale as of September 30, 2019, may in thousands Amortized Estimated Cost Fair Value Due in one year or less $ 79,205 $ 79,247 Due after one year through five years 227,409 230,137 Due after five years through ten years 132,816 136,197 Due after ten years 12,188 12,414 Total $ 451,618 $ 457,995 Securities with a carrying value of $152.3 $145.7 September 30, 2019 December 31, 2018, The proceeds, gains and losses for securities available-for-sale for the three nine September 30, 2019 2018 in thousands Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Proceeds from sales of securities available-for-sale $ 2,238 $ - $ 8,211 $ - Gross realized gains on securities available-for-sale 16 - 37 - Gross realized losses on securities available-for-sale (1 ) - (20 ) - Tax provision applicable to net realized gains on securities available-for-sale 4 - 4 - Unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are summarized as of September 30, 2019 December 31, 2018 (in thousands) Less than 12 Months 12 Months or More Total 2019: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ - $ - $ 998 $ - $ 998 $ - U.S. government agencies 10,347 (8 ) 15,531 (25 ) 25,878 (33 ) U.S. government mortgage-backed securities 3,292 (9 ) 1,987 (8 ) 5,279 (17 ) State and political subdivisions 15,787 (55 ) 6,023 (198 ) 21,810 (253 ) Corporate bonds 3,072 (14 ) 3,539 (3 ) 6,611 (17 ) $ 32,498 $ (86 ) $ 28,078 $ (234 ) $ 60,576 $ (320 ) Less than 12 Months 12 Months or More Total 2018: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ 2,962 $ (11 ) $ 4,838 $ (114 ) $ 7,800 $ (125 ) U.S. government agencies 26,099 (218 ) 73,192 (1,346 ) 99,291 (1,564 ) U.S. government mortgage-backed securities 25,037 (277 ) 37,632 (1,025 ) 62,669 (1,302 ) State and political subdivisions 60,600 (302 ) 83,494 (1,455 ) 144,094 (1,757 ) Corporate bonds 19,239 (256 ) 34,254 (1,057 ) 53,493 (1,313 ) $ 133,937 $ (1,064 ) $ 233,410 $ (4,997 ) $ 367,347 $ (6,061 ) Gross unrealized losses on debt securities totaled $320,000 September 30, 2019. not not third not |
Note 8 - Loans Receivable and C
Note 8 - Loans Receivable and Credit Disclosures | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | 8. Loans Receivable and Credit Disclosures The composition of loans receivable as of September 30, 2019 December 31, 2018 in thousands 2019 2018 Real estate - construction $ 52,486 $ 51,364 Real estate - 1 to 4 family residential 167,698 169,722 Real estate - commercial 396,651 389,532 Real estate - agricultural 108,387 103,652 Commercial 73,457 86,194 Agricultural 79,900 85,202 Consumer and other 15,553 16,566 894,132 902,232 Less: Allowance for loan losses (11,934 ) (11,684 ) Deferred loan fees (68 ) (87 ) Loans receivable, net $ 882,130 $ 890,461 Activity in the allowance for loan losses, on a disaggregated basis, for the three nine September 30, 2019 2018 (in thousands) Three Months Ended September 30, 2019 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2019 $ 721 $ 1,847 $ 4,906 $ 1,301 $ 1,590 $ 1,332 $ 172 $ 11,869 Provision (credit) for loan losses 41 237 158 9 (112 ) 10 36 379 Recoveries of loans charged-off - 2 3 - 5 - 2 12 Loans charged-off - - - - (326 ) - - (326 ) Balance, September 30, 2019 $ 762 $ 2,086 $ 5,067 $ 1,310 $ 1,157 $ 1,342 $ 210 $ 11,934 Nine Months Ended September 30, 2019 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2018 $ 699 $ 1,820 $ 4,615 $ 1,198 $ 1,777 $ 1,384 $ 191 $ 11,684 Provision (credit) for loan losses 63 265 437 112 (324 ) (42 ) 34 545 Recoveries of loans charged-off - 4 15 - 34 - 6 59 Loans charged-off - (3 ) - - (330 ) - (21 ) (354 ) Balance, September 30, 2019 $ 762 $ 2,086 $ 5,067 $ 1,310 $ 1,157 $ 1,342 $ 210 $ 11,934 Three Months Ended September 30, 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2018 $ 846 $ 1,732 $ 4,842 $ 977 $ 1,688 $ 1,178 $ 120 $ 11,383 Provision (credit) for loan losses (209 ) 131 (372 ) 218 92 168 72 100 Recoveries of loans charged-off - 2 - - 1 - 5 8 Loans charged-off - (23 ) (107 ) - (10 ) (58 ) (5 ) (203 ) Balance, September 30, 2018 $ 637 $ 1,842 $ 4,363 $ 1,195 $ 1,771 $ 1,288 $ 192 $ 11,288 Nine Months Ended September 30, 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2017 $ 796 $ 1,716 $ 4,734 $ 997 $ 1,739 $ 1,171 $ 168 $ 11,321 Provision (credit) for loan losses (159 ) 144 (264 ) 198 33 175 66 193 Recoveries of loans charged-off - 5 - - 22 - 19 46 Loans charged-off - (23 ) (107 ) - (23 ) (58 ) (61 ) (272 ) Balance, September 30, 2018 $ 637 $ 1,842 $ 4,363 $ 1,195 $ 1,771 $ 1,288 $ 192 $ 11,288 Allowance for loan losses disaggregated on the basis of impairment analysis method as of September 30, 2019 December 31, 2018 (in thousands ) 2019 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 235 $ - $ - $ - $ - $ 9 $ 244 Collectively evaluated for impairment 762 1,851 5,067 1,310 1,157 1,342 201 11,690 Balance September 30, 2019 $ 762 $ 2,086 $ 5,067 $ 1,310 $ 1,157 $ 1,342 $ 210 $ 11,934 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 53 $ - $ - $ 430 $ - $ 18 $ 501 Collectively evaluated for impairment 699 1,767 4,615 1,198 1,347 1,384 173 11,183 Balance December 31, 2018 $ 699 $ 1,820 $ 4,615 $ 1,198 $ 1,777 $ 1,384 $ 191 $ 11,684 Loans receivable disaggregated on the basis of impairment analysis method as of September 30, 2019 December 31, 2018 (in thousands) 2019 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 1,163 $ 1,136 $ 87 $ 247 $ 2,525 $ 9 $ 5,167 Collectively evaluated for impairment 52,486 166,535 395,515 108,300 73,210 77,375 15,544 888,965 Balance September 30, 2019 $ 52,486 $ 167,698 $ 396,651 $ 108,387 $ 73,457 $ 79,900 $ 15,553 $ 894,132 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 365 $ 128 $ 74 $ 2,648 $ - $ 19 $ 3,234 Collectively evaluated for impairment 51,364 169,357 389,404 103,578 83,546 85,202 16,547 898,998 Balance December 31, 2018 $ 51,364 $ 169,722 $ 389,532 $ 103,652 $ 86,194 $ 85,202 $ 16,566 $ 902,232 A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payment of principal and interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. The Company will apply its normal loan review procedures to identify loans that should be evaluated for impairment. Impaired loans, on a disaggregated basis, as of September 30, 2019 December 31, 2018: (in thousands) 2019 2018 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - $ - $ - Real estate - 1 to 4 family residential 551 840 - 252 277 - Real estate - commercial 1,136 1,610 - 128 601 - Real estate - agricultural 87 100 - 74 88 - Commercial 247 298 - 248 258 - Agricultural 2,525 2,525 - - - - Consumer and other - - - 1 2 - Total loans with no specific reserve: 4,546 5,373 - 703 1,226 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 612 645 235 113 139 53 Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - 2,400 2,506 430 Agricultural - - - - - - Consumer and other 9 9 9 18 22 18 Total loans with specific reserve: 621 654 244 2,531 2,667 501 Total Real estate - construction - - - - - - Real estate - 1 to 4 family residential 1,163 1,485 235 365 416 53 Real estate - commercial 1,136 1,610 - 128 601 - Real estate - agricultural 87 100 - 74 88 - Commercial 247 298 - 2,648 2,764 430 Agricultural 2,525 2,525 - - - - Consumer and other 9 9 9 19 24 18 $ 5,167 $ 6,027 $ 244 $ 3,234 $ 3,893 $ 501 Average recorded investment and interest income recognized on impaired loans for the three nine September 30, 2019 2018: (in thousands) Three Months Ended September 30, 2019 2018 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - Real estate - 1 to 4 family residential 364 4 315 135 Real estate - commercial 637 45 123 - Real estate - agricultural 86 - 38 - Commercial 240 - 160 - Agricultural 2,206 - - - Consumer and other - - - - Total loans with no specific reserve: 3,533 49 636 135 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 341 - 120 6 Real estate - commercial - - 74 - Real estate - agricultural - - - - Commercial 1,267 - 2,838 2 Agricultural - - 29 - Consumer and other 5 - 26 - Total loans with specific reserve: 1,613 - 3,087 8 Total Real estate - construction - - - - Real estate - 1 to 4 family residential 705 4 435 141 Real estate - commercial 637 45 197 - Real estate - agricultural 86 - 38 - Commercial 1,507 - 2,998 2 Agricultural 2,206 - 29 - Consumer and other 5 - 26 - $ 5,146 $ 49 $ 3,723 $ 143 Nine Months Ended September 30, 2019 2018 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - Real estate - 1 to 4 family residential 305 30 442 180 Real estate - commercial 384 105 266 258 Real estate - agricultural 79 - 19 - Commercial 241 - 127 5 Agricultural 1,103 - - - Consumer and other - - 6 - Total loans with no specific reserve: 2,112 135 860 443 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 226 - 173 6 Real estate - commercial - - 149 - Real estate - agricultural - - - - Commercial 1,867 - 2,901 2 Agricultural - - 15 - Consumer and other 10 1 35 1 Total loans with specific reserve: 2,103 1 3,273 9 Total Real estate - construction - - - - Real estate - 1 to 4 family residential 531 30 615 186 Real estate - commercial 384 105 415 258 Real estate - agricultural 79 - 19 - Commercial 2,108 - 3,028 7 Agricultural 1,103 - 15 - Consumer and other 10 1 41 1 $ 4,215 $ 136 $ 4,133 $ 452 The interest foregone on nonaccrual loans for the three September 30, 2019 2018 $272,000 $80,000, nine September 30, 2019 2018 $389,000 $283,000, Nonaccrual loans at September 30, 2019 December 31, 2018 $5,167,000 $3,234,000 The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $1,171,000 September 30, 2019, $2,350,000 December 31, 2018, The Company’s TDR, on a disaggregated basis, occurring in the three nine September 30, 2019 2018, dollars in thousands Three Months Ended September 30, 2019 2018 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential 3 1,035 1,035 - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - - - - Agricultural - - - - - - Consumer and other - - - - - - 3 $ 1,035 $ 1,035 - $ - $ - Nine Months Ended September 30, 2019 2018 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential 3 1,035 1,035 - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - 3 80 80 Agricultural - - - - - - Consumer and other - - - - - - 3 $ 1,035 $ 1,035 3 $ 80 $ 80 During the three nine September 30, 2019, one three 1 4 three nine September 30, 2018, one three The Company considers TDR loans to have payment default when it is past due 60 No twelve September 30, 2019 2018 $200,000 nine September 30, 2019. $80,000 nine September 30, 2018. $275,000 $12,000 nine September 30, 2019 2018, An aging analysis of the recorded investments in loans, on a disaggregated basis, as of September 30, 2019 December 31, 2018, (in thousands) 2019 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 849 $ - $ 849 $ 51,637 $ 52,486 $ - Real estate - 1 to 4 family residential 1,359 1 1,360 166,338 167,698 - Real estate - commercial - 1,057 1,057 395,594 396,651 - Real estate - agricultural 1,936 - 1,936 106,451 108,387 - Commercial 456 16 472 72,985 73,457 - Agricultural 314 2,533 2,847 77,053 79,900 8 Consumer and other 124 10 134 15,419 15,553 1 $ 5,038 $ 3,617 $ 8,655 $ 885,477 $ 894,132 $ 9 2018 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 376 $ - $ 376 $ 50,988 $ 51,364 $ - Real estate - 1 to 4 family residential 1,032 302 1,334 168,388 169,722 150 Real estate - commercial - - - 389,532 389,532 - Real estate - agricultural - - - 103,652 103,652 - Commercial 595 248 843 85,351 86,194 - Agricultural 89 - 89 85,113 85,202 - Consumer and other 76 - 76 16,490 16,566 - $ 2,168 $ 550 $ 2,718 $ 899,514 $ 902,232 $ 150 The increase in the 90 December 31, 2018 September 30, 2019. The credit risk profile by internally assigned grade, on a disaggregated basis, as of September 30, 2019 December 31, 2018 (in thousands) 2019 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 43,527 $ 344,649 $ 78,514 $ 52,671 $ 57,072 $ 576,433 Watch 8,959 31,319 23,800 15,723 19,436 99,237 Special Mention - 4,630 - - - 4,630 Substandard - 14,917 5,986 4,816 867 26,586 Substandard-Impaired - 1,136 87 247 2,525 3,995 $ 52,486 $ 396,651 $ 108,387 $ 73,457 $ 79,900 $ 710,881 2018 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 45,991 $ 345,262 $ 72,562 $ 64,850 $ 58,818 $ 587,483 Watch 5,373 26,177 22,758 13,998 22,628 90,934 Special Mention - 4,775 1,675 264 747 7,461 Substandard - 13,221 6,583 4,434 3,009 27,247 Substandard-Impaired - 97 74 2,648 - 2,819 $ 51,364 $ 389,532 $ 103,652 $ 86,194 $ 85,202 $ 715,944 The credit risk profile based on payment activity, on a disaggregated basis, as of September 30, 2019 December 31, 2018 2019 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 166,533 $ 15,544 $ 182,077 Non-performing 1,165 9 1,174 $ 167,698 $ 15,553 $ 183,251 2018 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 169,206 $ 16,547 $ 185,753 Non-performing 516 19 535 $ 169,722 $ 16,566 $ 186,288 |
Note 9 - Goodwill
Note 9 - Goodwill | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 9. Goodwill As of September 14, 2018, $3.0 not not fifteen |
Note 10 - Intangible Assets
Note 10 - Intangible Assets | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 10. Intangible assets In conjunction with the acquisition of CCSB in 2018, $2.0 September 30, 2019 December 31, 2018: (in thousands) 2019 2018 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 4,520 $ 2,582 $ 4,520 $ 2,212 Customer list 535 222 535 165 Total $ 5,055 $ 2,804 $ 5,055 $ 2,377 The weighted average life of the intangible assets is 3.2 September 30, 2019 3.5 December 31, 2018. The following sets forth the activity related to the intangible assets for the three nine September 30, 2019 2018: (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Beginning intangible asset, net $ 2,375 $ 935 $ 2,678 $ 1,091 Purchase - 2,002 - 2,002 Adjustment to intangible asset - - - 15 Amortization (124 ) (95 ) (427 ) (266 ) Ending intangible asset, net $ 2,251 $ 2,842 $ 2,251 $ 2,842 Estimated remaining amortization expense on core deposit intangible for the years ending December 31 (in thousands) 2019 $ 113 2020 440 2021 402 2022 368 2023 315 2024 166 After 447 Intangible asset, net $ 2,251 |
Note 11 - Pledged Collateral Re
Note 11 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Secured Borrowings [Text Block] | 11. Pledged Collateral Related to Securities Sold Under Repurchase Agreements The repurchase agreements mature daily and the following sets forth the pledged collateral at estimated fair value related to securities sold under repurchase agreements as of September 30, 2019 December 31, 2018: (in thousands) 2019 2018 Remaining Contractual Maturity of the Agreements Overnight Greater than Total Overnight Greater than Total 90 days 90 days Securities sold under agreements to repurchase: U.S. government treasuries $ 4,529 $ - $ 4,529 $ 4,406 $ - $ 4,406 U.S. government agencies 38,562 - 38,562 41,375 - 41,375 U.S. government mortgage-backed securities 17,375 - 17,375 19,893 - 19,893 Total pledged collateral $ 60,466 $ - $ 60,466 $ 65,674 $ - $ 65,674 In the event the repurchase agreements exceed the estimated fair value of the pledged securities available-for-sale, the Company has unpledged securities available-for-sale that may |
Note 12 - Income Taxes
Note 12 - Income Taxes | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 12. Income Taxes The tax effects of temporary differences related to income taxes are included in deferred income taxes. The change in the deferred income taxes asset is due primarily to the increase in fair value of the available for sale investment portfolio. |
Note 13 - Regulatory Matters
Note 13 - Regulatory Matters | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | 13. Regulatory Matters The Company and the Banks capital amounts and ratios are as follows: ( dollars in thousands To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes * Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2019: Total capital (to risk- weighted assets): Consolidated $ 182,951 16.6 % $ 115,854 10.50 % N/A N/A Boone Bank & Trust 15,730 16.2 10,195 10.50 $ 9,710 10.0 % First National Bank 86,143 13.9 65,270 10.50 62,162 10.0 Reliance State Bank 28,113 15.7 18,813 10.50 17,917 10.0 State Bank & Trust 20,112 15.9 13,250 10.50 12,619 10.0 United Bank & Trust 14,777 18.9 8,231 10.50 7,839 10.0 Tier 1 capital (to risk- weighted assets): Consolidated $ 170,478 15.5 % $ 93,787 8.50 % N/A N/A Boone Bank & Trust 14,801 15.2 8,253 8.50 $ 7,768 8.0 % First National Bank 79,496 12.8 52,838 8.50 49,730 8.0 Reliance State Bank 25,873 14.4 15,229 8.50 14,333 8.0 State Bank & Trust 18,532 14.7 10,726 8.50 10,095 8.0 United Bank & Trust 13,956 17.8 6,663 8.50 6,271 8.0 Tier 1 capital (to average- weighted assets): Consolidated $ 170,478 11.8 % $ 57,849 4.00 % N/A N/A Boone Bank & Trust 14,801 11.1 5,334 4.00 $ 6,668 5.0 % First National Bank 79,496 9.5 33,576 4.00 41,970 5.0 Reliance State Bank 25,873 12.0 8,589 4.00 10,736 5.0 State Bank & Trust 18,532 11.4 6,481 4.00 8,101 5.0 United Bank & Trust 13,956 13.3 4,186 4.00 5,232 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 170,478 15.5 % $ 77,236 7.00 % N/A N/A Boone Bank & Trust 14,801 15.2 6,797 7.00 $ 6,311 6.5 % First National Bank 79,496 12.8 43,513 7.00 40,405 6.5 Reliance State Bank 25,873 14.4 12,542 7.00 11,646 6.5 State Bank & Trust 18,532 14.7 8,834 7.00 8,203 6.5 United Bank & Trust 13,956 17.8 5,487 7.00 5,095 6.5 * These ratios for September 30, 2019 2.5% 1 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes * Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total capital (to risk- weighted assets): Consolidated $ 177,405 16.1 % $ 109,082 9.875 % N/A N/A Boone Bank & Trust 15,632 17.0 9,092 9.875 $ 9,207 10.0 % First National Bank 81,419 13.1 61,312 9.875 62,088 10.0 Reliance State Bank 27,880 14.8 18,576 9.875 18,811 10.0 State Bank & Trust 20,358 16.2 12,427 9.875 12,585 10.0 United Bank & Trust 14,790 19.5 7,489 9.875 7,583 10.0 Tier 1 capital (to risk- weighted assets): Consolidated $ 165,181 15.0 % $ 86,989 7.875 % N/A N/A Boone Bank & Trust 14,722 16.0 7,251 7.875 $ 7,366 8.0 % First National Bank 74,995 12.1 48,894 7.875 49,671 8.0 Reliance State Bank 25,622 13.6 14,813 7.875 15,049 8.0 State Bank & Trust 18,783 14.9 9,910 7.875 10,068 8.0 United Bank & Trust 13,974 18.4 5,972 7.875 6,067 8.0 Tier 1 capital (to average- weighted assets): Consolidated $ 165,181 11.3 % $ 58,635 4.000 % N/A N/A Boone Bank & Trust 14,722 11.2 5,277 4.000 $ 6,596 5.0 % First National Bank 74,995 9.1 33,034 4.000 41,292 5.0 Reliance State Bank 25,622 11.7 8,730 4.000 10,913 5.0 State Bank & Trust 18,783 11.8 6,384 4.000 7,980 5.0 United Bank & Trust 13,974 12.7 4,402 4.000 5,503 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 165,181 15.0 % $ 70,420 6.375 % N/A N/A Boone Bank & Trust 14,722 16.0 5,870 6.375 $ 5,985 6.5 % First National Bank 74,995 12.1 39,581 6.375 40,357 6.5 Reliance State Bank 25,622 13.6 11,992 6.375 12,227 6.5 State Bank & Trust 18,783 14.9 8,023 6.375 8,180 6.5 United Bank & Trust 13,974 18.4 4,834 6.375 4,929 6.5 * These ratios for December 31, 2018 1.875% 1 On January 1, 2015, three January 1, 2016 January 1, 2019 2.5 September 30, 2019, |
Note 14 - Subsequent Events
Note 14 - Subsequent Events | 9 Months Ended |
Sep. 30, 2019 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 13. Management evaluated subsequent events through the date the financial statements were issued. On October 25, 2019, July 29, 2019 ( $22.3 $210 $138 $187 five 100% October, 2019 $15,500,000. no not September 30, 2019. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2019 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | The consolidated financial statements for the three nine September 30, 2019 2018 not may 10 December 31, 2018 ( |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill: Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill resulting from acquisitions is not not two second Significant judgment is applied when goodwill is assessed for impairment. This judgment includes developing cash flow projections, selecting appropriate discount rates, identifying relevant market comparables, incorporating general economic and market conditions and selecting an appropriate control premium. At September 30, 2019, not |
New Accounting Pronouncements, Policy [Policy Text Block] | New and Pending Accounting Pronouncements : February 2016, No. 2016 02, 842 12 July 2018, No. 2018 11, 842, not December 15, 2018. not In June 2016, No. 2016 13, 326 December 15, 2022. not No. 2016 13 In January 2017, 2017 04, 350 Simplifying the Test for Goodwill Impairment 2 December 15, 2019, January 1, 2017. not In August 2018, No. 2018 13, 820 Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. December 15, 2019, 2020 not |
Note 2 - Bank Acquisition (Tabl
Note 2 - Bank Acquisition (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Cash consideration transferred $ 14,806,981 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 1,363,762 Federal funds sold 1,154,000 Interest bearing deposits in financial institutions 1,475,000 Securities available-for-sale 17,196,715 Federal Home Loan Bank stock 129,600 Loans receivable 76,041,470 Accrued interest receivable 862,895 Bank premises and equipment 924,400 Other real estate owned 120,000 Deferred income taxes 49,150 Bank owned life insurance 2,754,798 Core deposit intangible asset 2,002,000 Other assets 13,996 Deposits (83,169,311 ) Federal funds purchased (9,000,000 ) Accrued interest payable and other liabilities (123,749 ) Total identifiable net assets 11,794,726 Goodwill $ 3,012,255 |
Schedule of Business Acquisitions, Acquired Receivables [Table Text Block] | Pass $ 63,220,130 Watch 9,430,540 Special Mention 2,733,940 Substandard 1,426,137 Deteriorated credit 385,884 Total loans acquired at book value $ 77,196,631 |
Note 6 - Fair Value Measureme_2
Note 6 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Description Total Level 1 Level 2 Level 3 2019 U.S. government treasuries $ 7,528 $ 7,528 $ - $ - U.S. government agencies 128,882 - 128,882 - U.S. government mortgage-backed securities 64,146 - 64,146 - State and political subdivisions 187,940 - 187,940 - Corporate bonds 69,499 - 69,499 - $ 457,995 $ 7,528 $ 450,467 $ - 2018 U.S. government treasuries $ 7,800 $ 7,800 $ - $ - U.S. government agencies 110,268 - 110,268 - U.S. government mortgage-backed securities 70,382 - 70,382 - State and political subdivisions 215,955 - 215,955 - Corporate bonds 54,566 - 54,566 - $ 458,971 $ 7,800 $ 451,171 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Description Total Level 1 Level 2 Level 3 2019 Loans receivable $ 377 $ - $ - $ 377 Other real estate owned 218 - - 218 Total $ 595 $ - $ - $ 595 2018 Loans receivable $ 2,030 $ - $ - $ 2,030 Other real estate owned 830 - - 830 Total $ 2,860 $ - $ - $ 2,860 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | 2019 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 377 Evaluation of collateral Estimation of value NM* Other real estate owned $ 218 Appraisal Appraisal adjustment 6% - 8% (7%) 2018 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 2,030 Evaluation of collateral Estimation of value NM* Other real estate owned $ 830 Appraisal Appraisal adjustment 6% - 8% (7%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | 2019 2018 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and due from banks Level 1 $ 33,485 $ 33,485 $ 30,384 $ 30,384 Interest bearing deposits Level 1 78,930 78,930 26,058 26,058 Securities available-for-sale See previous table 457,995 457,995 458,971 458,971 FHLB and FRB stock Level 2 2,655 2,655 3,191 3,191 Loans receivable, net Level 2 882,130 863,585 890,461 864,417 Loans held for sale Level 2 1,637 1,637 401 401 Accrued income receivable Level 1 9,736 9,736 9,416 9,416 Financial liabilities: Deposits Level 2 $ 1,249,133 $ 1,250,478 $ 1,221,084 $ 1,219,643 Securities sold under agreements to repurchase Level 1 52,196 52,196 40,674 40,674 FHLB advances Level 2 5,000 4,940 14,600 14,559 Accrued interest payable Level 1 901 901 649 649 |
Note 7 - Debt and Equity Secu_2
Note 7 - Debt and Equity Securities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | 2019: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 7,454 $ 74 $ - $ 7,528 U.S. government agencies 126,716 2,199 (33 ) 128,882 U.S. government mortgage-backed securities 63,410 753 (17 ) 64,146 State and political subdivisions 186,295 1,898 (253 ) 187,940 Corporate bonds 67,743 1,773 (17 ) 69,499 $ 451,618 $ 6,697 $ (320 ) $ 457,995 2018: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 7,925 $ - $ (125 ) $ 7,800 U.S. government agencies 111,759 73 (1,564 ) 110,268 U.S. government mortgage-backed securities 71,596 88 (1,302 ) 70,382 State and political subdivisions 217,247 465 (1,757 ) 215,955 Corporate bonds 55,877 2 (1,313 ) 54,566 $ 464,404 $ 628 $ (6,061 ) $ 458,971 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Estimated Cost Fair Value Due in one year or less $ 79,205 $ 79,247 Due after one year through five years 227,409 230,137 Due after five years through ten years 132,816 136,197 Due after ten years 12,188 12,414 Total $ 451,618 $ 457,995 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Proceeds from sales of securities available-for-sale $ 2,238 $ - $ 8,211 $ - Gross realized gains on securities available-for-sale 16 - 37 - Gross realized losses on securities available-for-sale (1 ) - (20 ) - Tax provision applicable to net realized gains on securities available-for-sale 4 - 4 - |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or More Total 2019: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ - $ - $ 998 $ - $ 998 $ - U.S. government agencies 10,347 (8 ) 15,531 (25 ) 25,878 (33 ) U.S. government mortgage-backed securities 3,292 (9 ) 1,987 (8 ) 5,279 (17 ) State and political subdivisions 15,787 (55 ) 6,023 (198 ) 21,810 (253 ) Corporate bonds 3,072 (14 ) 3,539 (3 ) 6,611 (17 ) $ 32,498 $ (86 ) $ 28,078 $ (234 ) $ 60,576 $ (320 ) Less than 12 Months 12 Months or More Total 2018: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ 2,962 $ (11 ) $ 4,838 $ (114 ) $ 7,800 $ (125 ) U.S. government agencies 26,099 (218 ) 73,192 (1,346 ) 99,291 (1,564 ) U.S. government mortgage-backed securities 25,037 (277 ) 37,632 (1,025 ) 62,669 (1,302 ) State and political subdivisions 60,600 (302 ) 83,494 (1,455 ) 144,094 (1,757 ) Corporate bonds 19,239 (256 ) 34,254 (1,057 ) 53,493 (1,313 ) $ 133,937 $ (1,064 ) $ 233,410 $ (4,997 ) $ 367,347 $ (6,061 ) |
Note 8 - Loans Receivable and_2
Note 8 - Loans Receivable and Credit Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Composition of Loans Receivable [Table Text Block] | 2019 2018 Real estate - construction $ 52,486 $ 51,364 Real estate - 1 to 4 family residential 167,698 169,722 Real estate - commercial 396,651 389,532 Real estate - agricultural 108,387 103,652 Commercial 73,457 86,194 Agricultural 79,900 85,202 Consumer and other 15,553 16,566 894,132 902,232 Less: Allowance for loan losses (11,934 ) (11,684 ) Deferred loan fees (68 ) (87 ) Loans receivable, net $ 882,130 $ 890,461 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Three Months Ended September 30, 2019 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2019 $ 721 $ 1,847 $ 4,906 $ 1,301 $ 1,590 $ 1,332 $ 172 $ 11,869 Provision (credit) for loan losses 41 237 158 9 (112 ) 10 36 379 Recoveries of loans charged-off - 2 3 - 5 - 2 12 Loans charged-off - - - - (326 ) - - (326 ) Balance, September 30, 2019 $ 762 $ 2,086 $ 5,067 $ 1,310 $ 1,157 $ 1,342 $ 210 $ 11,934 Nine Months Ended September 30, 2019 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2018 $ 699 $ 1,820 $ 4,615 $ 1,198 $ 1,777 $ 1,384 $ 191 $ 11,684 Provision (credit) for loan losses 63 265 437 112 (324 ) (42 ) 34 545 Recoveries of loans charged-off - 4 15 - 34 - 6 59 Loans charged-off - (3 ) - - (330 ) - (21 ) (354 ) Balance, September 30, 2019 $ 762 $ 2,086 $ 5,067 $ 1,310 $ 1,157 $ 1,342 $ 210 $ 11,934 Three Months Ended September 30, 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2018 $ 846 $ 1,732 $ 4,842 $ 977 $ 1,688 $ 1,178 $ 120 $ 11,383 Provision (credit) for loan losses (209 ) 131 (372 ) 218 92 168 72 100 Recoveries of loans charged-off - 2 - - 1 - 5 8 Loans charged-off - (23 ) (107 ) - (10 ) (58 ) (5 ) (203 ) Balance, September 30, 2018 $ 637 $ 1,842 $ 4,363 $ 1,195 $ 1,771 $ 1,288 $ 192 $ 11,288 Nine Months Ended September 30, 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2017 $ 796 $ 1,716 $ 4,734 $ 997 $ 1,739 $ 1,171 $ 168 $ 11,321 Provision (credit) for loan losses (159 ) 144 (264 ) 198 33 175 66 193 Recoveries of loans charged-off - 5 - - 22 - 19 46 Loans charged-off - (23 ) (107 ) - (23 ) (58 ) (61 ) (272 ) Balance, September 30, 2018 $ 637 $ 1,842 $ 4,363 $ 1,195 $ 1,771 $ 1,288 $ 192 $ 11,288 |
Allowance for Loan Losses Disaggregated on Basis of Impairment Analysis Method [Table Text Block] | 2019 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 235 $ - $ - $ - $ - $ 9 $ 244 Collectively evaluated for impairment 762 1,851 5,067 1,310 1,157 1,342 201 11,690 Balance September 30, 2019 $ 762 $ 2,086 $ 5,067 $ 1,310 $ 1,157 $ 1,342 $ 210 $ 11,934 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 53 $ - $ - $ 430 $ - $ 18 $ 501 Collectively evaluated for impairment 699 1,767 4,615 1,198 1,347 1,384 173 11,183 Balance December 31, 2018 $ 699 $ 1,820 $ 4,615 $ 1,198 $ 1,777 $ 1,384 $ 191 $ 11,684 |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2019 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 1,163 $ 1,136 $ 87 $ 247 $ 2,525 $ 9 $ 5,167 Collectively evaluated for impairment 52,486 166,535 395,515 108,300 73,210 77,375 15,544 888,965 Balance September 30, 2019 $ 52,486 $ 167,698 $ 396,651 $ 108,387 $ 73,457 $ 79,900 $ 15,553 $ 894,132 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 365 $ 128 $ 74 $ 2,648 $ - $ 19 $ 3,234 Collectively evaluated for impairment 51,364 169,357 389,404 103,578 83,546 85,202 16,547 898,998 Balance December 31, 2018 $ 51,364 $ 169,722 $ 389,532 $ 103,652 $ 86,194 $ 85,202 $ 16,566 $ 902,232 |
Impaired Financing Receivables [Table Text Block] | 2019 2018 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - $ - $ - Real estate - 1 to 4 family residential 551 840 - 252 277 - Real estate - commercial 1,136 1,610 - 128 601 - Real estate - agricultural 87 100 - 74 88 - Commercial 247 298 - 248 258 - Agricultural 2,525 2,525 - - - - Consumer and other - - - 1 2 - Total loans with no specific reserve: 4,546 5,373 - 703 1,226 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 612 645 235 113 139 53 Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - 2,400 2,506 430 Agricultural - - - - - - Consumer and other 9 9 9 18 22 18 Total loans with specific reserve: 621 654 244 2,531 2,667 501 Total Real estate - construction - - - - - - Real estate - 1 to 4 family residential 1,163 1,485 235 365 416 53 Real estate - commercial 1,136 1,610 - 128 601 - Real estate - agricultural 87 100 - 74 88 - Commercial 247 298 - 2,648 2,764 430 Agricultural 2,525 2,525 - - - - Consumer and other 9 9 9 19 24 18 $ 5,167 $ 6,027 $ 244 $ 3,234 $ 3,893 $ 501 |
Average Investment in Impaired Loans and Interest Income Recognized [Table Text Block] | Three Months Ended September 30, 2019 2018 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - Real estate - 1 to 4 family residential 364 4 315 135 Real estate - commercial 637 45 123 - Real estate - agricultural 86 - 38 - Commercial 240 - 160 - Agricultural 2,206 - - - Consumer and other - - - - Total loans with no specific reserve: 3,533 49 636 135 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 341 - 120 6 Real estate - commercial - - 74 - Real estate - agricultural - - - - Commercial 1,267 - 2,838 2 Agricultural - - 29 - Consumer and other 5 - 26 - Total loans with specific reserve: 1,613 - 3,087 8 Total Real estate - construction - - - - Real estate - 1 to 4 family residential 705 4 435 141 Real estate - commercial 637 45 197 - Real estate - agricultural 86 - 38 - Commercial 1,507 - 2,998 2 Agricultural 2,206 - 29 - Consumer and other 5 - 26 - $ 5,146 $ 49 $ 3,723 $ 143 Nine Months Ended September 30, 2019 2018 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - Real estate - 1 to 4 family residential 305 30 442 180 Real estate - commercial 384 105 266 258 Real estate - agricultural 79 - 19 - Commercial 241 - 127 5 Agricultural 1,103 - - - Consumer and other - - 6 - Total loans with no specific reserve: 2,112 135 860 443 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 226 - 173 6 Real estate - commercial - - 149 - Real estate - agricultural - - - - Commercial 1,867 - 2,901 2 Agricultural - - 15 - Consumer and other 10 1 35 1 Total loans with specific reserve: 2,103 1 3,273 9 Total Real estate - construction - - - - Real estate - 1 to 4 family residential 531 30 615 186 Real estate - commercial 384 105 415 258 Real estate - agricultural 79 - 19 - Commercial 2,108 - 3,028 7 Agricultural 1,103 - 15 - Consumer and other 10 1 41 1 $ 4,215 $ 136 $ 4,133 $ 452 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | Three Months Ended September 30, 2019 2018 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential 3 1,035 1,035 - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - - - - Agricultural - - - - - - Consumer and other - - - - - - 3 $ 1,035 $ 1,035 - $ - $ - Nine Months Ended September 30, 2019 2018 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential 3 1,035 1,035 - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - 3 80 80 Agricultural - - - - - - Consumer and other - - - - - - 3 $ 1,035 $ 1,035 3 $ 80 $ 80 |
Financing Receivable, Past Due [Table Text Block] | 2019 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 849 $ - $ 849 $ 51,637 $ 52,486 $ - Real estate - 1 to 4 family residential 1,359 1 1,360 166,338 167,698 - Real estate - commercial - 1,057 1,057 395,594 396,651 - Real estate - agricultural 1,936 - 1,936 106,451 108,387 - Commercial 456 16 472 72,985 73,457 - Agricultural 314 2,533 2,847 77,053 79,900 8 Consumer and other 124 10 134 15,419 15,553 1 $ 5,038 $ 3,617 $ 8,655 $ 885,477 $ 894,132 $ 9 2018 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 376 $ - $ 376 $ 50,988 $ 51,364 $ - Real estate - 1 to 4 family residential 1,032 302 1,334 168,388 169,722 150 Real estate - commercial - - - 389,532 389,532 - Real estate - agricultural - - - 103,652 103,652 - Commercial 595 248 843 85,351 86,194 - Agricultural 89 - 89 85,113 85,202 - Consumer and other 76 - 76 16,490 16,566 - $ 2,168 $ 550 $ 2,718 $ 899,514 $ 902,232 $ 150 |
Financing Receivable Credit Quality Indicators [Table Text Block] | 2019 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 43,527 $ 344,649 $ 78,514 $ 52,671 $ 57,072 $ 576,433 Watch 8,959 31,319 23,800 15,723 19,436 99,237 Special Mention - 4,630 - - - 4,630 Substandard - 14,917 5,986 4,816 867 26,586 Substandard-Impaired - 1,136 87 247 2,525 3,995 $ 52,486 $ 396,651 $ 108,387 $ 73,457 $ 79,900 $ 710,881 2018 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 45,991 $ 345,262 $ 72,562 $ 64,850 $ 58,818 $ 587,483 Watch 5,373 26,177 22,758 13,998 22,628 90,934 Special Mention - 4,775 1,675 264 747 7,461 Substandard - 13,221 6,583 4,434 3,009 27,247 Substandard-Impaired - 97 74 2,648 - 2,819 $ 51,364 $ 389,532 $ 103,652 $ 86,194 $ 85,202 $ 715,944 |
Credit Risk Profile Based on Payment Activity on Disaggregated Basis [Table Text Block] | 2019 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 166,533 $ 15,544 $ 182,077 Non-performing 1,165 9 1,174 $ 167,698 $ 15,553 $ 183,251 2018 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 169,206 $ 16,547 $ 185,753 Non-performing 516 19 535 $ 169,722 $ 16,566 $ 186,288 |
Note 10 - Intangible Assets (Ta
Note 10 - Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | 2019 2018 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 4,520 $ 2,582 $ 4,520 $ 2,212 Customer list 535 222 535 165 Total $ 5,055 $ 2,804 $ 5,055 $ 2,377 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Beginning intangible asset, net $ 2,375 $ 935 $ 2,678 $ 1,091 Purchase - 2,002 - 2,002 Adjustment to intangible asset - - - 15 Amortization (124 ) (95 ) (427 ) (266 ) Ending intangible asset, net $ 2,251 $ 2,842 $ 2,251 $ 2,842 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | 2019 $ 113 2020 440 2021 402 2022 368 2023 315 2024 166 After 447 Intangible asset, net $ 2,251 |
Note 11 - Pledged Collateral _2
Note 11 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block] | 2019 2018 Remaining Contractual Maturity of the Agreements Overnight Greater than Total Overnight Greater than Total 90 days 90 days Securities sold under agreements to repurchase: U.S. government treasuries $ 4,529 $ - $ 4,529 $ 4,406 $ - $ 4,406 U.S. government agencies 38,562 - 38,562 41,375 - 41,375 U.S. government mortgage-backed securities 17,375 - 17,375 19,893 - 19,893 Total pledged collateral $ 60,466 $ - $ 60,466 $ 65,674 $ - $ 65,674 |
Note 13 - Regulatory Matters (T
Note 13 - Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes * Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2019: Total capital (to risk- weighted assets): Consolidated $ 182,951 16.6 % $ 115,854 10.50 % N/A N/A Boone Bank & Trust 15,730 16.2 10,195 10.50 $ 9,710 10.0 % First National Bank 86,143 13.9 65,270 10.50 62,162 10.0 Reliance State Bank 28,113 15.7 18,813 10.50 17,917 10.0 State Bank & Trust 20,112 15.9 13,250 10.50 12,619 10.0 United Bank & Trust 14,777 18.9 8,231 10.50 7,839 10.0 Tier 1 capital (to risk- weighted assets): Consolidated $ 170,478 15.5 % $ 93,787 8.50 % N/A N/A Boone Bank & Trust 14,801 15.2 8,253 8.50 $ 7,768 8.0 % First National Bank 79,496 12.8 52,838 8.50 49,730 8.0 Reliance State Bank 25,873 14.4 15,229 8.50 14,333 8.0 State Bank & Trust 18,532 14.7 10,726 8.50 10,095 8.0 United Bank & Trust 13,956 17.8 6,663 8.50 6,271 8.0 Tier 1 capital (to average- weighted assets): Consolidated $ 170,478 11.8 % $ 57,849 4.00 % N/A N/A Boone Bank & Trust 14,801 11.1 5,334 4.00 $ 6,668 5.0 % First National Bank 79,496 9.5 33,576 4.00 41,970 5.0 Reliance State Bank 25,873 12.0 8,589 4.00 10,736 5.0 State Bank & Trust 18,532 11.4 6,481 4.00 8,101 5.0 United Bank & Trust 13,956 13.3 4,186 4.00 5,232 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 170,478 15.5 % $ 77,236 7.00 % N/A N/A Boone Bank & Trust 14,801 15.2 6,797 7.00 $ 6,311 6.5 % First National Bank 79,496 12.8 43,513 7.00 40,405 6.5 Reliance State Bank 25,873 14.4 12,542 7.00 11,646 6.5 State Bank & Trust 18,532 14.7 8,834 7.00 8,203 6.5 United Bank & Trust 13,956 17.8 5,487 7.00 5,095 6.5 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes * Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018: Total capital (to risk- weighted assets): Consolidated $ 177,405 16.1 % $ 109,082 9.875 % N/A N/A Boone Bank & Trust 15,632 17.0 9,092 9.875 $ 9,207 10.0 % First National Bank 81,419 13.1 61,312 9.875 62,088 10.0 Reliance State Bank 27,880 14.8 18,576 9.875 18,811 10.0 State Bank & Trust 20,358 16.2 12,427 9.875 12,585 10.0 United Bank & Trust 14,790 19.5 7,489 9.875 7,583 10.0 Tier 1 capital (to risk- weighted assets): Consolidated $ 165,181 15.0 % $ 86,989 7.875 % N/A N/A Boone Bank & Trust 14,722 16.0 7,251 7.875 $ 7,366 8.0 % First National Bank 74,995 12.1 48,894 7.875 49,671 8.0 Reliance State Bank 25,622 13.6 14,813 7.875 15,049 8.0 State Bank & Trust 18,783 14.9 9,910 7.875 10,068 8.0 United Bank & Trust 13,974 18.4 5,972 7.875 6,067 8.0 Tier 1 capital (to average- weighted assets): Consolidated $ 165,181 11.3 % $ 58,635 4.000 % N/A N/A Boone Bank & Trust 14,722 11.2 5,277 4.000 $ 6,596 5.0 % First National Bank 74,995 9.1 33,034 4.000 41,292 5.0 Reliance State Bank 25,622 11.7 8,730 4.000 10,913 5.0 State Bank & Trust 18,783 11.8 6,384 4.000 7,980 5.0 United Bank & Trust 13,974 12.7 4,402 4.000 5,503 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 165,181 15.0 % $ 70,420 6.375 % N/A N/A Boone Bank & Trust 14,722 16.0 5,870 6.375 $ 5,985 6.5 % First National Bank 74,995 12.1 39,581 6.375 40,357 6.5 Reliance State Bank 25,622 13.6 11,992 6.375 12,227 6.5 State Bank & Trust 18,783 14.9 8,023 6.375 8,180 6.5 United Bank & Trust 13,974 18.4 4,834 6.375 4,929 6.5 |
Note 1 - Significant Accounti_2
Note 1 - Significant Accounting Policies (Details Textual) $ in Thousands | 9 Months Ended |
Sep. 30, 2019USD ($) | |
Goodwill, Impairment Loss | $ 0 |
Note 2 - Bank Acquisition (Deta
Note 2 - Bank Acquisition (Details Textual) - USD ($) | Sep. 14, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 |
Core Deposits [Member] | |||||
Finite-lived Intangible Assets Acquired | $ 2,002,000 | $ 2,002,000 | |||
Acquisition of Clarke County State Bank [Member] | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | ||||
Payments to Acquire Businesses, Gross | $ 14,806,981 | ||||
Goodwill, Acquired During Period | 3,000,000 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 386,000 | ||||
Business Combination, Acquired Receivables, Gross Contractual Amount | 77,196,631 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposit Liabilities | $ 83,169,311 | $ 83,169,311 | $ 83,169,311 | ||
Loan Market Valuation Accretion Period | 10 years | ||||
Time Deposit Market Valuation Period | 2 years | ||||
Acquisition of Clarke County State Bank [Member] | Core Deposits [Member] | |||||
Finite-lived Intangible Assets Acquired | $ 2,000,000 | ||||
Finite-Lived Intangible Asset, Useful Life | 10 years |
Note 2 - Bank Acquisition - Con
Note 2 - Bank Acquisition - Consideration Transferred and Assets Acquired and Liabilities Assumed (Details) - USD ($) | Sep. 14, 2018 | Sep. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 |
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||
Goodwill | $ 9,744,472 | $ 9,744,472 | ||
Acquisition of Clarke County State Bank [Member] | ||||
Payments to Acquire Businesses, Gross | $ 14,806,981 | |||
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||
Cash and due from banks | 1,363,762 | |||
Federal funds sold | 1,154,000 | $ 1,154,000 | ||
Interest bearing deposits in financial institutions | 1,475,000 | 1,475,000 | ||
Securities available-for-sale | 17,196,715 | 17,196,715 | ||
Federal Home Loan Bank stock | 129,600 | |||
Loans receivable | 76,041,470 | 76,041,470 | ||
Accrued interest receivable | 862,895 | 862,895 | ||
Bank premises and equipment | 924,400 | 924,400 | ||
Other real estate owned | 120,000 | 120,000 | ||
Deferred income taxes | 49,150 | |||
Bank owned life insurance | 2,754,798 | 2,754,798 | ||
Core deposit intangible asset | 2,002,000 | 2,002,000 | ||
Other assets | 13,996 | |||
Deposits | (83,169,311) | (83,169,311) | ||
Federal funds purchased | (9,000,000) | (9,000,000) | ||
Accrued interest payable and other liabilities | (123,749) | (123,749) | ||
Total identifiable net assets | 11,794,726 | |||
Goodwill | $ 3,012,255 | $ 3,012,255 |
Note 2 - Bank Acquisition - Acq
Note 2 - Bank Acquisition - Acquired Loans at Contractual Values By Risk Rating (Details) - Acquisition of Clarke County State Bank [Member] | Sep. 14, 2018USD ($) |
Loans acquired at book value | $ 77,196,631 |
Pass [Member] | |
Loans acquired at book value | 63,220,130 |
Watch [Member] | |
Loans acquired at book value | 9,430,540 |
Special Mention [Member] | |
Loans acquired at book value | 2,733,940 |
Substandard [Member] | |
Loans acquired at book value | 1,426,137 |
Deteriorated Credit [Member] | |
Loans acquired at book value | $ 385,884 |
Note 3 - Dividends (Details Tex
Note 3 - Dividends (Details Textual) - $ / shares | Aug. 14, 2019 | Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 |
Common Stock, Dividends, Per Share, Declared | $ 0.24 | $ 0.24 | $ 0.23 | $ 0.72 | $ 0.94 |
Dividends Payable, Date to be Paid | Nov. 15, 2019 | ||||
Dividends Payable, Date of Record | Nov. 1, 2019 |
Note 4 - Earnings Per Share (De
Note 4 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 9,227,685 | 9,310,913 | 9,236,989 | 9,310,913 |
Weighted Average Number Diluted Shares Outstanding Adjustment, Total | 0 | 0 | 0 | 0 |
Note 6 - Fair Value Measureme_3
Note 6 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Available for sale securities | $ 457,994,898 | $ 458,971,162 |
US Treasury Securities [Member] | ||
Available for sale securities | 7,528,000 | 7,800,000 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 128,882,000 | 110,268,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 64,146,000 | 70,382,000 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 187,940,000 | 215,955,000 |
Corporate Debt Securities [Member] | ||
Available for sale securities | 69,499,000 | 54,566,000 |
Fair Value, Recurring [Member] | ||
Available for sale securities | 457,995,000 | 458,971,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 7,528,000 | 7,800,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 450,467,000 | 451,171,000 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | ||
Available for sale securities | 7,528,000 | 7,800,000 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 7,528,000 | 7,800,000 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 128,882,000 | 110,268,000 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 128,882,000 | 110,268,000 |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 64,146,000 | 70,382,000 |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 64,146,000 | 70,382,000 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 187,940,000 | 215,955,000 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 187,940,000 | 215,955,000 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available for sale securities | 69,499,000 | 54,566,000 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | $ 69,499,000 | $ 54,566,000 |
Note 6 - Fair Value Measureme_4
Note 6 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Loans receivable | $ 377 | $ 2,030 |
Other real estate owned | 218 | 830 |
Total | 595 | 2,860 |
Fair Value, Inputs, Level 1 [Member] | ||
Loans receivable | ||
Other real estate owned | ||
Total | ||
Fair Value, Inputs, Level 2 [Member] | ||
Loans receivable | ||
Other real estate owned | ||
Total | ||
Fair Value, Inputs, Level 3 [Member] | ||
Loans receivable | 377 | 2,030 |
Other real estate owned | 218 | 830 |
Total | $ 595 | $ 2,860 |
Note 6 - Fair Value Measureme_5
Note 6 - Fair Value Measurements - Fair Value Quantitative Information (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2019 | Dec. 31, 2018 | |
Estimated Fair Value | $ 595 | $ 2,860 |
Fair Value, Inputs, Level 3 [Member] | ||
Estimated Fair Value | 595 | 2,860 |
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Evaluation of Collateral [Member] | ||
Estimated Fair Value | 377 | 2,030 |
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Appraisal Valuation [Member] | ||
Estimated Fair Value | $ 218 | $ 830 |
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Minimum [Member] | ||
Unobservable Inputs, Rate | 6.00% | 6.00% |
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Maximum [Member] | ||
Unobservable Inputs, Rate | 8.00% | 8.00% |
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Weighted Average [Member] | ||
Unobservable Inputs, Rate | 7.00% | 7.00% |
Note 6 - Fair Value Measureme_6
Note 6 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Securities available-for-sale | $ 457,994,898 | $ 458,971,162 |
Accrued income receivable | 9,736,328 | 9,415,570 |
Reported Value Measurement [Member] | ||
Securities available-for-sale | 457,995,000 | 458,971,000 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 33,485,000 | 30,384,000 |
Interest bearing deposits | 78,930,000 | 26,058,000 |
Accrued income receivable | 9,736,000 | 9,416,000 |
Securities sold under agreements to repurchase | 52,196,000 | 40,674,000 |
Accrued interest payable | 901,000 | 649,000 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
FHLB and FRB stock | 2,655,000 | 3,191,000 |
Loans receivable, net | 882,130,000 | 890,461,000 |
Loans held for sale | 1,637,000 | 401,000 |
Deposits | 1,249,133,000 | 1,221,084,000 |
FHLB advances | 5,000,000 | 14,600,000 |
Estimate of Fair Value Measurement [Member] | ||
Securities available-for-sale | 457,995,000 | 458,971,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 33,485,000 | 30,384,000 |
Interest bearing deposits | 78,930,000 | 26,058,000 |
Accrued income receivable | 9,736,000 | 9,416,000 |
Securities sold under agreements to repurchase | 52,196,000 | 40,674,000 |
Accrued interest payable | 901,000 | 649,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
FHLB and FRB stock | 2,655,000 | 3,191,000 |
Loans receivable, net | 863,585,000 | 864,417,000 |
Loans held for sale | 1,637,000 | 401,000 |
Deposits | 1,250,478,000 | 1,219,643,000 |
FHLB advances | $ 4,940,000 | $ 14,559,000 |
Note 7 - Debt and Equity Secu_3
Note 7 - Debt and Equity Securities (Details Textual) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Debt Securities, Available-for-sale, Restricted | $ 152,300,000 | $ 145,700,000 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $ 320,000 | $ 6,061,000 |
Note 7 - Debt and Equity Secu_4
Note 7 - Debt and Equity Securities - Securities Available-for-sale (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Amortized cost | $ 451,618,000 | $ 464,404,000 |
Gross unrealized gains | 6,697,000 | 628,000 |
Gross unrealized losses | (320,000) | (6,061,000) |
Estimated fair value | 457,994,898 | 458,971,162 |
US Treasury Securities [Member] | ||
Amortized cost | 7,454,000 | 7,925,000 |
Gross unrealized gains | 74,000 | |
Gross unrealized losses | (125,000) | |
Estimated fair value | 7,528,000 | 7,800,000 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost | 126,716,000 | 111,759,000 |
Gross unrealized gains | 2,199,000 | 73,000 |
Gross unrealized losses | (33,000) | (1,564,000) |
Estimated fair value | 128,882,000 | 110,268,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 63,410,000 | 71,596,000 |
Gross unrealized gains | 753,000 | 88,000 |
Gross unrealized losses | (17,000) | (1,302,000) |
Estimated fair value | 64,146,000 | 70,382,000 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost | 186,295,000 | 217,247,000 |
Gross unrealized gains | 1,898,000 | 465,000 |
Gross unrealized losses | (253,000) | (1,757,000) |
Estimated fair value | 187,940,000 | 215,955,000 |
Corporate Debt Securities [Member] | ||
Amortized cost | 67,743,000 | 55,877,000 |
Gross unrealized gains | 1,773,000 | 2,000 |
Gross unrealized losses | (17,000) | (1,313,000) |
Estimated fair value | $ 69,499,000 | $ 54,566,000 |
Note 7 - Debt and Equity Secu_5
Note 7 - Debt and Equity Securities - Debt Securities Available-for-sale (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Due in one year or less, Amortized cost | $ 79,205,000 | |
Due in one year or less, Estimated fair value | 79,247,000 | |
Due after one year through five years, Amortized cost | 227,409,000 | |
Due after one year through five years, Estimated fair value | 230,137,000 | |
Due after five years through ten years, Amortized cost | 132,816,000 | |
Due after five years through ten years, Estimated fair value | 136,197,000 | |
Due after ten years, Amortized cost | 12,188,000 | |
Due after ten years, Estimated fair value | 12,414,000 | |
Total, amortized cost | 451,618,000 | $ 464,404,000 |
Securities available-for-sale | $ 457,994,898 | $ 458,971,162 |
Note 7 - Debt and Equity Secu_6
Note 7 - Debt and Equity Securities - Proceeds, Gains and Losses From Securities Available-for-sale (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Proceeds from sales of securities available-for-sale | $ 2,238 | $ 8,211 | ||
Gross realized gains on securities available-for-sale | 16 | 37 | ||
Gross realized losses on securities available-for-sale | (1) | (20) | ||
Tax provision applicable to net realized gains on securities available-for-sale | $ 4 | $ 4 |
Note 7 - Debt and Equity Secu_7
Note 7 - Debt and Equity Securities - Securities Available-for-sale Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Securities available-for-sale: | ||
Less than 12 months, estimated fair value | $ 32,498 | $ 133,937 |
Less than 12 months, unrealized losses | (86) | (1,064) |
12 months or more, estimated fair value | 28,078 | 233,410 |
12 months or more, unrealized losses | (234) | (4,997) |
Total estimated fair value | 60,576 | 367,347 |
Total unrealized losses | (320) | (6,061) |
US Treasury Securities [Member] | ||
Securities available-for-sale: | ||
Less than 12 months, estimated fair value | 2,962 | |
Less than 12 months, unrealized losses | (11) | |
12 months or more, estimated fair value | 998 | 4,838 |
12 months or more, unrealized losses | (114) | |
Total estimated fair value | 998 | 7,800 |
Total unrealized losses | (125) | |
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale: | ||
Less than 12 months, estimated fair value | 10,347 | 26,099 |
Less than 12 months, unrealized losses | (8) | (218) |
12 months or more, estimated fair value | 15,531 | 73,192 |
12 months or more, unrealized losses | (25) | (1,346) |
Total estimated fair value | 25,878 | 99,291 |
Total unrealized losses | (33) | (1,564) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available-for-sale: | ||
Less than 12 months, estimated fair value | 3,292 | 25,037 |
Less than 12 months, unrealized losses | (9) | (277) |
12 months or more, estimated fair value | 1,987 | 37,632 |
12 months or more, unrealized losses | (8) | (1,025) |
Total estimated fair value | 5,279 | 62,669 |
Total unrealized losses | (17) | (1,302) |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale: | ||
Less than 12 months, estimated fair value | 15,787 | 60,600 |
Less than 12 months, unrealized losses | (55) | (302) |
12 months or more, estimated fair value | 6,023 | 83,494 |
12 months or more, unrealized losses | (198) | (1,455) |
Total estimated fair value | 21,810 | 144,094 |
Total unrealized losses | (253) | (1,757) |
Corporate Debt Securities [Member] | ||
Securities available-for-sale: | ||
Less than 12 months, estimated fair value | 3,072 | 19,239 |
Less than 12 months, unrealized losses | (14) | (256) |
12 months or more, estimated fair value | 3,539 | 34,254 |
12 months or more, unrealized losses | (3) | (1,057) |
Total estimated fair value | 6,611 | 53,493 |
Total unrealized losses | $ (17) | $ (1,313) |
Note 8 - Loans Receivable and_3
Note 8 - Loans Receivable and Credit Disclosures (Details Textual) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2019USD ($) | Sep. 30, 2018 | Dec. 31, 2018USD ($) | |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 272,000 | $ 80,000 | $ 389,000 | $ 283,000 | |||
Financing Receivable, Nonaccrual | 5,167,000 | 5,167,000 | $ 5,167,000 | $ 3,234,000 | |||
Financing Receivable, Troubled Debt Restructuring | $ 1,171,000 | $ 1,171,000 | $ 1,171,000 | $ 2,350,000 | |||
Number Of Restructured Loans Granting Concessions | 1 | 1 | 1 | 1 | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | |||||
Financing Receivables, Impaired, Troubled Debt Restructuring, Specific Reserve, Amount | $ 200,000 | $ 80,000 | |||||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 275,000 | $ 12,000 |
Note 8 - Loans Receivable and_4
Note 8 - Loans Receivable and Credit Disclosures - Composition of Loans Receivable (Details) - USD ($) | Sep. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Loans receivable | $ 894,132,000 | $ 902,232,000 | ||||
Allowance for loan losses | (11,934,000) | $ (11,869,000) | (11,684,000) | $ (11,288,000) | $ (11,383,000) | $ (11,321,000) |
Deferred loan fees | (68,000) | (87,000) | ||||
Loans receivable, net | 882,130,277 | 890,461,479 | ||||
Construction Real Estate [Member] | ||||||
Loans receivable | 52,486,000 | 51,364,000 | ||||
Allowance for loan losses | (762,000) | (721,000) | (699,000) | (637,000) | (846,000) | (796,000) |
Family Residential Real Estate 1-4 [Member] | ||||||
Loans receivable | 167,698,000 | 169,722,000 | ||||
Allowance for loan losses | (2,086,000) | (1,847,000) | (1,820,000) | (1,842,000) | (1,732,000) | (1,716,000) |
Commercial Real Estate Portfolio Segment [Member] | ||||||
Loans receivable | 396,651,000 | 389,532,000 | ||||
Allowance for loan losses | (5,067,000) | (4,906,000) | (4,615,000) | (4,363,000) | (4,842,000) | (4,734,000) |
Agriculture Real Estate [Member] | ||||||
Loans receivable | 108,387,000 | 103,652,000 | ||||
Allowance for loan losses | (1,310,000) | (1,301,000) | (1,198,000) | (1,195,000) | (977,000) | (997,000) |
Commercial Portfolio Segment [Member] | ||||||
Loans receivable | 73,457,000 | 86,194,000 | ||||
Allowance for loan losses | (1,157,000) | (1,590,000) | (1,777,000) | (1,771,000) | (1,688,000) | (1,739,000) |
Agriculture [Member] | ||||||
Loans receivable | 79,900,000 | 85,202,000 | ||||
Allowance for loan losses | (1,342,000) | (1,332,000) | (1,384,000) | (1,288,000) | (1,178,000) | (1,171,000) |
Consumer and Other [Member] | ||||||
Loans receivable | 15,553,000 | 16,566,000 | ||||
Allowance for loan losses | $ (210,000) | $ (172,000) | $ (191,000) | $ (192,000) | $ (120,000) | $ (168,000) |
Note 8 - Loans Receivable and_5
Note 8 - Loans Receivable and Credit Disclosures - Activity in Allowance for Loan Losses (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Balance | $ 11,869,000 | $ 11,383,000 | $ 11,684,000 | $ 11,321,000 |
Provision for loan losses | 378,789 | 100,000 | 545,203 | 192,978 |
Recoveries of loans charged-off | 12,000 | 8,000 | 59,000 | 46,000 |
Loans charged-off | (326,000) | (203,000) | (354,000) | (272,000) |
Balance | 11,934,000 | 11,288,000 | 11,934,000 | 11,288,000 |
Construction Real Estate [Member] | ||||
Balance | 721,000 | 846,000 | 699,000 | 796,000 |
Provision for loan losses | 41,000 | (209,000) | 63,000 | (159,000) |
Recoveries of loans charged-off | ||||
Loans charged-off | 0 | 0 | 0 | 0 |
Balance | 762,000 | 637,000 | 762,000 | 637,000 |
Family Residential Real Estate 1-4 [Member] | ||||
Balance | 1,847,000 | 1,732,000 | 1,820,000 | 1,716,000 |
Provision for loan losses | 237,000 | 131,000 | 265,000 | 144,000 |
Recoveries of loans charged-off | 2,000 | 2,000 | 4,000 | 5,000 |
Loans charged-off | (23,000) | (3,000) | (23,000) | |
Balance | 2,086,000 | 1,842,000 | 2,086,000 | 1,842,000 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Balance | 4,906,000 | 4,842,000 | 4,615,000 | 4,734,000 |
Provision for loan losses | 158,000 | (372,000) | 437,000 | (264,000) |
Recoveries of loans charged-off | 3,000 | 15,000 | 0 | |
Loans charged-off | (107,000) | 0 | (107,000) | |
Balance | 5,067,000 | 4,363,000 | 5,067,000 | 4,363,000 |
Agriculture Real Estate [Member] | ||||
Balance | 1,301,000 | 977,000 | 1,198,000 | 997,000 |
Provision for loan losses | 9,000 | 218,000 | 112,000 | 198,000 |
Recoveries of loans charged-off | 0 | 0 | ||
Loans charged-off | 0 | 0 | 0 | 0 |
Balance | 1,310,000 | 1,195,000 | 1,310,000 | 1,195,000 |
Commercial Portfolio Segment [Member] | ||||
Balance | 1,590,000 | 1,688,000 | 1,777,000 | 1,739,000 |
Provision for loan losses | (112,000) | 92,000 | (324,000) | 33,000 |
Recoveries of loans charged-off | 5,000 | 1,000 | 34,000 | 22,000 |
Loans charged-off | (326,000) | (10,000) | (330,000) | (23,000) |
Balance | 1,157,000 | 1,771,000 | 1,157,000 | 1,771,000 |
Agriculture [Member] | ||||
Balance | 1,332,000 | 1,178,000 | 1,384,000 | 1,171,000 |
Provision for loan losses | 10,000 | 168,000 | (42,000) | 175,000 |
Recoveries of loans charged-off | ||||
Loans charged-off | (58,000) | 0 | (58,000) | |
Balance | 1,342,000 | 1,288,000 | 1,342,000 | 1,288,000 |
Consumer and Other [Member] | ||||
Balance | 172,000 | 120,000 | 191,000 | 168,000 |
Provision for loan losses | 36,000 | 72,000 | 34,000 | 66,000 |
Recoveries of loans charged-off | 2,000 | 5,000 | 6,000 | 19,000 |
Loans charged-off | (5,000) | (21,000) | (61,000) | |
Balance | $ 210,000 | $ 192,000 | $ 210,000 | $ 192,000 |
Note 8 - Loans Receivable and_6
Note 8 - Loans Receivable and Credit Disclosures - Allowance for Loan Losses Impairment Analysis (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Individually evaluated for impairment | $ 244 | $ 501 |
Collectively evaluated for impairment | 11,690 | 11,183 |
Balance | 11,934 | 11,684 |
Construction Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 762 | 699 |
Balance | 762 | 699 |
Family Residential Real Estate 1-4 [Member] | ||
Individually evaluated for impairment | 235 | 53 |
Collectively evaluated for impairment | 1,851 | 1,767 |
Balance | 2,086 | 1,820 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 5,067 | 4,615 |
Balance | 5,067 | 4,615 |
Agriculture Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 1,310 | 1,198 |
Balance | 1,310 | 1,198 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for impairment | 430 | |
Collectively evaluated for impairment | 1,157 | 1,347 |
Balance | 1,157 | 1,777 |
Agriculture [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 1,342 | 1,384 |
Balance | 1,342 | 1,384 |
Consumer and Other [Member] | ||
Individually evaluated for impairment | 9 | 18 |
Collectively evaluated for impairment | 201 | 173 |
Balance | $ 210 | $ 191 |
Note 8 - Loans Receivable and_7
Note 8 - Loans Receivable and Credit Disclosures - Loans Receivable Impairment Analysis (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Individually evaluated for impairment | $ 5,167 | $ 3,234 |
Collectively evaluated for impairment | 888,965 | 898,998 |
Balance | 894,132 | 902,232 |
Construction Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 52,486 | 51,364 |
Balance | 52,486 | 51,364 |
Family Residential Real Estate 1-4 [Member] | ||
Individually evaluated for impairment | 1,163 | 365 |
Collectively evaluated for impairment | 166,535 | 169,357 |
Balance | 167,698 | 169,722 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for impairment | 1,136 | 128 |
Collectively evaluated for impairment | 395,515 | 389,404 |
Balance | 396,651 | 389,532 |
Agriculture Real Estate [Member] | ||
Individually evaluated for impairment | 87 | 74 |
Collectively evaluated for impairment | 108,300 | 103,578 |
Balance | 108,387 | 103,652 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for impairment | 247 | 2,648 |
Collectively evaluated for impairment | 73,210 | 83,546 |
Balance | 73,457 | 86,194 |
Agriculture [Member] | ||
Individually evaluated for impairment | 2,525 | |
Collectively evaluated for impairment | 77,375 | 85,202 |
Balance | 79,900 | 85,202 |
Consumer and Other [Member] | ||
Individually evaluated for impairment | 9 | 19 |
Collectively evaluated for impairment | 15,544 | 16,547 |
Balance | $ 15,553 | $ 16,566 |
Note 8 - Loans Receivable and_8
Note 8 - Loans Receivable and Credit Disclosures - Impaired Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Impaired financing receivable with no related allowance, recorded investment | $ 4,546 | $ 703 |
Impaired financing receivable with no related allowance, unpaid principal balance | 5,373 | 1,226 |
Impaired financing receivable with related allowance, recorded investment | 621 | 2,531 |
Impaired financing receivable with related allowance, unpaid principal balance | 654 | 2,667 |
Impaired financing receivable, related allowance | 244 | 501 |
Impaired financing receivable, recorded investment | 5,167 | 3,234 |
Impaired financing receivable, unpaid principal balance | 6,027 | 3,893 |
Construction Real Estate [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | ||
Impaired financing receivable with no related allowance, unpaid principal balance | ||
Impaired financing receivable with related allowance, recorded investment | ||
Impaired financing receivable with related allowance, unpaid principal balance | ||
Impaired financing receivable, related allowance | ||
Impaired financing receivable, recorded investment | ||
Impaired financing receivable, unpaid principal balance | ||
Family Residential Real Estate 1-4 [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 551 | 252 |
Impaired financing receivable with no related allowance, unpaid principal balance | 840 | 277 |
Impaired financing receivable with related allowance, recorded investment | 612 | 113 |
Impaired financing receivable with related allowance, unpaid principal balance | 645 | 139 |
Impaired financing receivable, related allowance | 235 | 53 |
Impaired financing receivable, recorded investment | 1,163 | 365 |
Impaired financing receivable, unpaid principal balance | 1,485 | 416 |
Commercial Real Estate Portfolio Segment [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 1,136 | 128 |
Impaired financing receivable with no related allowance, unpaid principal balance | 1,610 | 601 |
Impaired financing receivable with related allowance, recorded investment | ||
Impaired financing receivable with related allowance, unpaid principal balance | ||
Impaired financing receivable, related allowance | ||
Impaired financing receivable, recorded investment | 1,136 | 128 |
Impaired financing receivable, unpaid principal balance | 1,610 | 601 |
Agriculture Real Estate [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 87 | 74 |
Impaired financing receivable with no related allowance, unpaid principal balance | 100 | 88 |
Impaired financing receivable with related allowance, recorded investment | ||
Impaired financing receivable with related allowance, unpaid principal balance | ||
Impaired financing receivable, related allowance | ||
Impaired financing receivable, recorded investment | 87 | 74 |
Impaired financing receivable, unpaid principal balance | 100 | 88 |
Commercial Portfolio Segment [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 247 | 248 |
Impaired financing receivable with no related allowance, unpaid principal balance | 298 | 258 |
Impaired financing receivable with related allowance, recorded investment | 2,400 | |
Impaired financing receivable with related allowance, unpaid principal balance | 2,506 | |
Impaired financing receivable, related allowance | 430 | |
Impaired financing receivable, recorded investment | 247 | 2,648 |
Impaired financing receivable, unpaid principal balance | 298 | 2,764 |
Agriculture [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 2,525 | |
Impaired financing receivable with no related allowance, unpaid principal balance | 2,525 | |
Impaired financing receivable with related allowance, recorded investment | ||
Impaired financing receivable with related allowance, unpaid principal balance | ||
Impaired financing receivable, related allowance | ||
Impaired financing receivable, recorded investment | 2,525 | |
Impaired financing receivable, unpaid principal balance | 2,525 | |
Consumer and Other [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 1 | |
Impaired financing receivable with no related allowance, unpaid principal balance | 2 | |
Impaired financing receivable with related allowance, recorded investment | 9 | 18 |
Impaired financing receivable with related allowance, unpaid principal balance | 9 | 22 |
Impaired financing receivable, related allowance | 9 | 18 |
Impaired financing receivable, recorded investment | 9 | 19 |
Impaired financing receivable, unpaid principal balance | $ 9 | $ 24 |
Note 8 - Loans Receivable and_9
Note 8 - Loans Receivable and Credit Disclosures - Average Recorded Investment and Interest Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Impaired financing receivable, with no related allowance, average recorded investment | $ 3,533 | $ 636 | $ 2,112 | $ 860 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 49 | 135 | 135 | 443 |
Impaired financing receivable, with related allowance, average recorded investment | 1,613 | 3,087 | 2,103 | 3,273 |
Impaired financing receivable, with related allowance, interest income, accrual method | 8 | 1 | 9 | |
Impaired financing receivable, average recorded investment | 5,146 | 3,723 | 4,215 | 4,133 |
Impaired financing receivable, interest income, accrual method | 49 | 143 | 136 | 452 |
Family Residential Real Estate 1-4 [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 364 | 315 | 305 | 442 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 4 | 135 | 30 | 180 |
Impaired financing receivable, with related allowance, average recorded investment | 341 | 120 | 226 | 173 |
Impaired financing receivable, with related allowance, interest income, accrual method | 6 | 6 | ||
Impaired financing receivable, average recorded investment | 705 | 435 | 531 | 615 |
Impaired financing receivable, interest income, accrual method | 4 | 141 | 30 | 186 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 637 | 123 | 384 | 266 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 45 | 105 | 258 | |
Impaired financing receivable, with related allowance, average recorded investment | 74 | 149 | ||
Impaired financing receivable, average recorded investment | 637 | 197 | 384 | 415 |
Impaired financing receivable, interest income, accrual method | 45 | 105 | 258 | |
Agriculture Real Estate [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 86 | 38 | 79 | 19 |
Impaired financing receivable, average recorded investment | 86 | 38 | 79 | 19 |
Commercial Portfolio Segment [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 240 | 160 | 241 | 127 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 5 | |||
Impaired financing receivable, with related allowance, average recorded investment | 1,267 | 2,838 | 1,867 | 2,901 |
Impaired financing receivable, with related allowance, interest income, accrual method | 2 | 2 | ||
Impaired financing receivable, average recorded investment | 1,507 | 2,998 | 2,108 | 3,028 |
Impaired financing receivable, interest income, accrual method | 2 | 7 | ||
Agriculture [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 2,206 | 1,103 | ||
Impaired financing receivable, with related allowance, average recorded investment | 29 | 15 | ||
Impaired financing receivable, average recorded investment | 2,206 | 29 | 1,103 | 15 |
Consumer and Other [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 6 | |||
Impaired financing receivable, with related allowance, average recorded investment | 5 | 26 | 10 | 35 |
Impaired financing receivable, with related allowance, interest income, accrual method | 1 | 1 | ||
Impaired financing receivable, average recorded investment | 5 | 26 | 10 | 41 |
Impaired financing receivable, interest income, accrual method | $ 1 | $ 1 |
Note 8 - Loans Receivable an_10
Note 8 - Loans Receivable and Credit Disclosures - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2019USD ($) | Sep. 30, 2018USD ($) | |
Financing receivable modifications, number of contracts | 3 | 3 | 3 | |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 1,035 | $ 1,035 | $ 80 | |
Financing receivable modifications, post modification outstanding, recorded investment | $ 1,035 | $ 1,035 | $ 80 | |
Construction Real Estate [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment | ||||
Family Residential Real Estate 1-4 [Member] | ||||
Financing receivable modifications, number of contracts | 3 | 3 | ||
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 1,035 | $ 1,035 | ||
Financing receivable modifications, post modification outstanding, recorded investment | $ 1,035 | $ 1,035 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment | ||||
Agriculture Real Estate [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment | ||||
Commercial Portfolio Segment [Member] | ||||
Financing receivable modifications, number of contracts | 3 | |||
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 80 | |||
Financing receivable modifications, post modification outstanding, recorded investment | $ 80 | |||
Agriculture [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment | ||||
Consumer and Other [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment |
Note 8 - Loans Receivable an_11
Note 8 - Loans Receivable and Credit Disclosures - Past Due Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing receivable, recorded investment, past due | $ 8,655 | $ 2,718 |
Financing receivable, recorded investment, current | 885,477 | 899,514 |
Loans receivable | 894,132 | 902,232 |
Financing receivable, recorded investment, 90 days past due and still accruing | 9 | 150 |
Construction Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 849 | 376 |
Financing receivable, recorded investment, current | 51,637 | 50,988 |
Loans receivable | 52,486 | 51,364 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Family Residential Real Estate 1-4 [Member] | ||
Financing receivable, recorded investment, past due | 1,360 | 1,334 |
Financing receivable, recorded investment, current | 166,338 | 168,388 |
Loans receivable | 167,698 | 169,722 |
Financing receivable, recorded investment, 90 days past due and still accruing | 150 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 1,057 | |
Financing receivable, recorded investment, current | 395,594 | 389,532 |
Loans receivable | 396,651 | 389,532 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Agriculture Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 1,936 | |
Financing receivable, recorded investment, current | 106,451 | 103,652 |
Loans receivable | 108,387 | 103,652 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 472 | 843 |
Financing receivable, recorded investment, current | 72,985 | 85,351 |
Loans receivable | 73,457 | 86,194 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 2,847 | 89 |
Financing receivable, recorded investment, current | 77,053 | 85,113 |
Loans receivable | 79,900 | 85,202 |
Financing receivable, recorded investment, 90 days past due and still accruing | 8 | 0 |
Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | 134 | 76 |
Financing receivable, recorded investment, current | 15,419 | 16,490 |
Loans receivable | 15,553 | 16,566 |
Financing receivable, recorded investment, 90 days past due and still accruing | 1 | 0 |
Financing Receivables 30 to 89 Days Past Due [Member] | ||
Financing receivable, recorded investment, past due | 5,038 | 2,168 |
Financing Receivables 30 to 89 Days Past Due [Member] | Construction Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 849 | 376 |
Financing Receivables 30 to 89 Days Past Due [Member] | Family Residential Real Estate 1-4 [Member] | ||
Financing receivable, recorded investment, past due | 1,359 | 1,032 |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | ||
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 1,936 | |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 456 | 595 |
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 314 | 89 |
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | 124 | 76 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing receivable, recorded investment, past due | 3,617 | 550 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Family Residential Real Estate 1-4 [Member] | ||
Financing receivable, recorded investment, past due | 1 | 302 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 1,057 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Agriculture Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 16 | 248 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 2,533 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | $ 10 |
Note 8 - Loans Receivable an_12
Note 8 - Loans Receivable and Credit Disclosures - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Loan and lease receivable other than consumer and residential | $ 710,881 | $ 715,944 |
Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 576,433 | 587,483 |
Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 99,237 | 90,934 |
Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 4,630 | 7,461 |
Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 26,586 | 27,247 |
Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 3,995 | 2,819 |
Construction Real Estate [Member] | ||
Loan and lease receivable other than consumer and residential | 52,486 | 51,364 |
Construction Real Estate [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 43,527 | 45,991 |
Construction Real Estate [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 8,959 | 5,373 |
Construction Real Estate [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | |
Construction Real Estate [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | |
Construction Real Estate [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loan and lease receivable other than consumer and residential | 396,651 | 389,532 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 344,649 | 345,262 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 31,319 | 26,177 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 4,630 | 4,775 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 14,917 | 13,221 |
Commercial Real Estate Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 1,136 | 97 |
Agriculture Real Estate [Member] | ||
Loan and lease receivable other than consumer and residential | 108,387 | 103,652 |
Agriculture Real Estate [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 78,514 | 72,562 |
Agriculture Real Estate [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 23,800 | 22,758 |
Agriculture Real Estate [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 1,675 | |
Agriculture Real Estate [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 5,986 | 6,583 |
Agriculture Real Estate [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 87 | 74 |
Commercial Portfolio Segment [Member] | ||
Loan and lease receivable other than consumer and residential | 73,457 | 86,194 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 52,671 | 64,850 |
Commercial Portfolio Segment [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 15,723 | 13,998 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 264 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 4,816 | 4,434 |
Commercial Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 247 | 2,648 |
Agriculture [Member] | ||
Loan and lease receivable other than consumer and residential | 79,900 | 85,202 |
Agriculture [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 57,072 | 58,818 |
Agriculture [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 19,436 | 22,628 |
Agriculture [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | 747 |
Agriculture [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 867 | 3,009 |
Agriculture [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | $ 2,525 | $ 0 |
Note 8 - Loans Receivable an_13
Note 8 - Loans Receivable and Credit Disclosures - Credit Risk Profile Based on Payment Activity (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Loan and lease receivable, consumer and residential | $ 183,251 | $ 186,288 |
Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 182,077 | 185,753 |
Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 1,174 | 535 |
Family Residential Real Estate 1-4 [Member] | ||
Loan and lease receivable, consumer and residential | 167,698 | 169,722 |
Family Residential Real Estate 1-4 [Member] | Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 166,533 | 169,206 |
Family Residential Real Estate 1-4 [Member] | Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 1,165 | 516 |
Consumer and Other [Member] | ||
Loan and lease receivable, consumer and residential | 15,553 | 16,566 |
Consumer and Other [Member] | Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 15,544 | 16,547 |
Consumer and Other [Member] | Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | $ 9 | $ 19 |
Note 9 - Goodwill (Details Text
Note 9 - Goodwill (Details Textual) - USD ($) | Sep. 14, 2018 | Sep. 30, 2019 |
Finite Tax Lived Intangible Asset, Useful Life | 15 years | |
Acquisition of Clarke County State Bank [Member] | ||
Goodwill, Acquired During Period | $ 3,000,000 |
Note 10 - Intangible Assets (De
Note 10 - Intangible Assets (Details Textual) - USD ($) | Sep. 14, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 3 years 73 days | 3 years 182 days | ||||
Core Deposits [Member] | ||||||
Finite-lived Intangible Assets Acquired | $ 2,002,000 | $ 2,002,000 | ||||
Core Deposits [Member] | Acquisition of Clarke County State Bank [Member] | ||||||
Finite-lived Intangible Assets Acquired | $ 2,000,000 |
Note 10 - Intangible Assets - I
Note 10 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Intangible asset, gross amount | $ 5,055 | $ 5,055 |
Intangible asset, accumulated amortization | 2,804 | 2,377 |
Core Deposits [Member] | ||
Intangible asset, gross amount | 4,520 | 4,520 |
Intangible asset, accumulated amortization | 2,582 | 2,212 |
Customer Lists [Member] | ||
Intangible asset, gross amount | 535 | 535 |
Intangible asset, accumulated amortization | $ 222 | $ 165 |
Note 10 - Intangible Assets - C
Note 10 - Intangible Assets - Core Deposit Intangible Assets Activity (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Beginning intangible asset, net | $ 2,677,884 | |||
Amortization | $ (124,243) | $ (94,883) | (427,221) | $ (266,337) |
Ending intangible asset, net | 2,250,663 | 2,250,663 | ||
Core Deposits [Member] | ||||
Beginning intangible asset, net | 2,375,000 | 935,000 | 2,678,000 | 1,091,000 |
Purchase | 2,002,000 | 2,002,000 | ||
Adjustment to intangible asset | 15,000 | |||
Amortization | (124,000) | (95,000) | (427,000) | (266,000) |
Ending intangible asset, net | $ 2,251,000 | $ 2,842,000 | $ 2,251,000 | $ 2,842,000 |
Note 10 - Intangible Assets - E
Note 10 - Intangible Assets - Estimated Remaining Amortization Expense on Intangible Assets on Core Deposits (Details) - USD ($) | Sep. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Intangible asset, net | $ 2,250,663 | $ 2,677,884 | ||||
Core Deposits [Member] | ||||||
2019 | 113,000 | |||||
2020 | 440,000 | |||||
2021 | 402,000 | |||||
2022 | 368,000 | |||||
2023 | 315,000 | |||||
2024 | 166,000 | |||||
After | 447,000 | |||||
Intangible asset, net | $ 2,251,000 | $ 2,375,000 | $ 2,678,000 | $ 2,842,000 | $ 935,000 | $ 1,091,000 |
Note 11 - Pledged Collateral _3
Note 11 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements - Pledged Collateral at Estimated Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Securities sold under agreements to repurchase | $ 60,466 | $ 65,674 |
US Treasury and Government [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 4,529 | 4,406 |
US Government Agencies Debt Securities [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 38,562 | 41,375 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 17,375 | 19,893 |
Maturity Overnight [Member] | ||
Securities sold under agreements to repurchase | 60,466 | 65,674 |
Maturity Overnight [Member] | US Treasury and Government [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 4,529 | 4,406 |
Maturity Overnight [Member] | US Government Agencies Debt Securities [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 38,562 | 41,375 |
Maturity Overnight [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 17,375 | 19,893 |
Maturity Greater than 90 Days [Member] | ||
Securities sold under agreements to repurchase | ||
Maturity Greater than 90 Days [Member] | US Treasury and Government [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | ||
Maturity Greater than 90 Days [Member] | US Government Agencies Debt Securities [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | ||
Maturity Greater than 90 Days [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase |
Note 13 - Regulatory Matters (D
Note 13 - Regulatory Matters (Details Textual) | Sep. 30, 2019 | Dec. 31, 2018 |
Common Equity Tier One Risk Based Capital Conservation Buffer Required for Capital Adequacy to Risk Weighted Assets | 2.50% | 1.875% |
Tier One Risk Based Capital Conservation Buffer Required for Capital Adequacy to Risk Weighted Assets | 2.50% | 1.875% |
Capital Conservation Buffer to Risk Weighted Assets | 2.50% | 1.875% |
Note 13 - Regulatory Matters -
Note 13 - Regulatory Matters - Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 | ||
Capital | $ 182,951 | $ 177,405 | ||
Capital to risk weighted assets | 16.60% | 16.10% | ||
Capital required for capital adequacy | $ 115,854 | [1] | $ 109,082 | [2] |
Capital required for capital adequacy to risk weighted assets | 10.50% | [1] | 9.875% | [2] |
Capital required to be well capitalized | ||||
Capital required to be well capitalized to risk weighted assets | ||||
Tier one risk based capital | $ 170,478 | $ 165,181 | ||
Tier one risk based capital to risk weighted assets | 15.50% | 15.00% | ||
Tier one risk based capital required for capital adequacy | $ 93,787 | [1] | $ 86,989 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | [1] | 7.875% | [2] |
Tier one risk based capital required to be well capitalized | ||||
Tier one risk based capital required to be well capitalized to risk weighted assets | ||||
Tier one leverage capital | $ 170,478 | $ 165,181 | ||
Tier one leverage capital to average assets | 11.80% | 11.30% | ||
Tier one leverage capital required for capital adequacy | $ 57,849 | $ 58,635 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | ||||
Tier one leverage capital required to be well capitalized to average assets | ||||
Common equity tier one capital | $ 170,478 | $ 165,181 | ||
Common equity tier one risk based capital to risk weighted assets | 15.50% | 15.00% | ||
Common equity tier one capital required for capital adequacy | $ 77,236 | [1] | $ 70,420 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7.00% | [1] | 6.375% | [2] |
Common equity tier one capital required to be well capitalized | ||||
Boone Bank and Trust [Member] | ||||
Capital | $ 15,730 | $ 15,632 | ||
Capital to risk weighted assets | 16.20% | 17.00% | ||
Capital required for capital adequacy | $ 10,195 | [1] | $ 9,092 | [2] |
Capital required for capital adequacy to risk weighted assets | 10.50% | [1] | 9.875% | [2] |
Capital required to be well capitalized | $ 9,710 | $ 9,207 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 14,801 | $ 14,722 | ||
Tier one risk based capital to risk weighted assets | 15.20% | 16.00% | ||
Tier one risk based capital required for capital adequacy | $ 8,253 | [1] | $ 7,251 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | [1] | 7.875% | [2] |
Tier one risk based capital required to be well capitalized | $ 7,768 | $ 7,366 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 14,801 | $ 14,722 | ||
Tier one leverage capital to average assets | 11.10% | 11.20% | ||
Tier one leverage capital required for capital adequacy | $ 5,334 | $ 5,277 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | $ 6,668 | $ 6,596 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 14,801 | $ 14,722 | ||
Common equity tier one risk based capital to risk weighted assets | 15.20% | 16.00% | ||
Common equity tier one capital required for capital adequacy | $ 6,797 | [1] | $ 5,870 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7.00% | [1] | 6.375% | [2] |
Common equity tier one capital required to be well capitalized | $ 6,311 | $ 5,985 | ||
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | ||
First National Bank [Member] | Also Conducts Business Out of 3 Full Service Offices in Des Moines Metro Area [Member] | ||||
Capital | $ 86,143 | $ 81,419 | ||
Capital to risk weighted assets | 13.90% | 13.10% | ||
Capital required for capital adequacy | $ 65,270 | [1] | $ 61,312 | [2] |
Capital required for capital adequacy to risk weighted assets | 10.50% | [1] | 9.875% | [2] |
Capital required to be well capitalized | $ 62,162 | $ 62,088 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 79,496 | $ 74,995 | ||
Tier one risk based capital to risk weighted assets | 12.80% | 12.10% | ||
Tier one risk based capital required for capital adequacy | $ 52,838 | [1] | $ 48,894 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | [1] | 7.875% | [2] |
Tier one risk based capital required to be well capitalized | $ 49,730 | $ 49,671 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 79,496 | $ 74,995 | ||
Tier one leverage capital to average assets | 9.50% | 9.10% | ||
Tier one leverage capital required for capital adequacy | $ 33,576 | $ 33,034 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | $ 41,970 | $ 41,292 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 79,496 | $ 74,995 | ||
Common equity tier one risk based capital to risk weighted assets | 12.80% | 12.10% | ||
Common equity tier one capital required for capital adequacy | $ 43,513 | [1] | $ 39,581 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7.00% | [1] | 6.375% | [2] |
Common equity tier one capital required to be well capitalized | $ 40,405 | $ 40,357 | ||
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | ||
Reliance State Bank [Member] | Conducts Business Out of Offices at Story City, Garner, and Kleme, Iowa [Member] | ||||
Capital | $ 28,113 | $ 27,880 | ||
Capital to risk weighted assets | 15.70% | 14.80% | ||
Capital required for capital adequacy | $ 18,813 | [1] | $ 18,576 | [2] |
Capital required for capital adequacy to risk weighted assets | 10.50% | [1] | 9.875% | [2] |
Capital required to be well capitalized | $ 17,917 | $ 18,811 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 25,873 | $ 25,622 | ||
Tier one risk based capital to risk weighted assets | 14.40% | 13.60% | ||
Tier one risk based capital required for capital adequacy | $ 15,229 | [1] | $ 14,813 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | [1] | 7.875% | [2] |
Tier one risk based capital required to be well capitalized | $ 14,333 | $ 15,049 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 25,873 | $ 25,622 | ||
Tier one leverage capital to average assets | 12.00% | 11.70% | ||
Tier one leverage capital required for capital adequacy | $ 8,589 | $ 8,730 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | $ 10,736 | $ 10,913 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 25,873 | $ 25,622 | ||
Common equity tier one risk based capital to risk weighted assets | 14.40% | 13.60% | ||
Common equity tier one capital required for capital adequacy | $ 12,542 | [1] | $ 11,992 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7.00% | [1] | 6.375% | [2] |
Common equity tier one capital required to be well capitalized | $ 11,646 | $ 12,227 | ||
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | ||
State Bank and Trust [Member] | ||||
Capital | $ 20,112 | $ 20,358 | ||
Capital to risk weighted assets | 15.90% | 16.20% | ||
Capital required for capital adequacy | $ 13,250 | [1] | $ 12,427 | [2] |
Capital required for capital adequacy to risk weighted assets | 10.50% | [1] | 9.875% | [2] |
Capital required to be well capitalized | $ 12,619 | $ 12,585 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 18,532 | $ 18,783 | ||
Tier one risk based capital to risk weighted assets | 14.70% | 14.90% | ||
Tier one risk based capital required for capital adequacy | $ 10,726 | [1] | $ 9,910 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | [1] | 7.875% | [2] |
Tier one risk based capital required to be well capitalized | $ 10,095 | $ 10,068 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 18,532 | $ 18,783 | ||
Tier one leverage capital to average assets | 11.40% | 11.80% | ||
Tier one leverage capital required for capital adequacy | $ 6,481 | $ 6,384 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | $ 8,101 | $ 7,980 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 18,532 | $ 18,783 | ||
Common equity tier one risk based capital to risk weighted assets | 14.70% | 14.90% | ||
Common equity tier one capital required for capital adequacy | $ 8,834 | [1] | $ 8,023 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7.00% | [1] | 6.375% | [2] |
Common equity tier one capital required to be well capitalized | $ 8,203 | $ 8,180 | ||
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | ||
United Bank and Trust [Member] | ||||
Capital | $ 14,777 | $ 14,790 | ||
Capital to risk weighted assets | 18.90% | 19.50% | ||
Capital required for capital adequacy | $ 8,231 | [1] | $ 7,489 | [2] |
Capital required for capital adequacy to risk weighted assets | 10.50% | [1] | 9.875% | [2] |
Capital required to be well capitalized | $ 7,839 | $ 7,583 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 13,956 | $ 13,974 | ||
Tier one risk based capital to risk weighted assets | 17.80% | 18.40% | ||
Tier one risk based capital required for capital adequacy | $ 6,663 | [1] | $ 5,972 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 8.50% | [1] | 7.875% | [2] |
Tier one risk based capital required to be well capitalized | $ 6,271 | $ 6,067 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 13,956 | $ 13,974 | ||
Tier one leverage capital to average assets | 13.30% | 12.70% | ||
Tier one leverage capital required for capital adequacy | $ 4,186 | $ 4,402 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | $ 5,232 | $ 5,503 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 13,956 | $ 13,974 | ||
Common equity tier one risk based capital to risk weighted assets | 17.80% | 18.40% | ||
Common equity tier one capital required for capital adequacy | $ 5,487 | [1] | $ 4,834 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 7.00% | [1] | 6.375% | [2] |
Common equity tier one capital required to be well capitalized | $ 5,095 | $ 4,929 | ||
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | ||
[1] | These ratios for September 30, 2019 include a capital conservation buffer of 2.5%, except for the Tier 1 capital to average weighted assets ratios. | |||
[2] | These ratios for December 31, 2018 include a capital conservation buffer of 1.875%, except for the Tier 1 capital to average weighted assets ratios. |
Note 14 - Subsequent Events (De
Note 14 - Subsequent Events (Details Textual) | Oct. 25, 2019USD ($) | Oct. 31, 2019USD ($) | Sep. 30, 2019USD ($) | Dec. 31, 2018USD ($) |
Assets, Total | $ 1,499,975,638 | $ 1,455,687,351 | ||
Loans and Leases Receivable, Net Amount, Total | 882,130,277 | 890,461,479 | ||
Deposits, Total | $ 1,249,132,972 | $ 1,221,083,839 | ||
Subsequent Event [Member] | ||||
SEC Schedule, 12-04, Cash Dividends Paid to Registrant, Consolidated Subsidiaries | $ 15,500,000 | |||
Subsequent Event [Member] | Iowa State [Member] | ||||
Ownership Interest, Percentage, By Parent | 100.00% | |||
Subsequent Event [Member] | Iowa State [Member] | ||||
Assets, Total | $ 210,000,000 | |||
Loans and Leases Receivable, Net Amount, Total | 138,000,000 | |||
Deposits, Total | $ 187,000,000 | |||
Number of Offices | 5 | |||
Subsequent Event [Member] | Iowa Community [Member] | ||||
Payments to Acquire Businesses, Gross | $ 22,300,000 |