Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2021 | Jul. 30, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001132651 | |
Entity Registrant Name | AMES NATIONAL CORPORATION | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 0-32637 | |
Entity Incorporation, State or Country Code | IA | |
Entity Tax Identification Number | 42-1039071 | |
Entity Address, Address Line One | 405 Fifth Street | |
Entity Address, City or Town | Ames | |
Entity Address, State or Province | IA | |
Entity Address, Postal Zip Code | 50010 | |
City Area Code | 515 | |
Local Phone Number | 232-6251 | |
Title of 12(b) Security | Common stock | |
Trading Symbol | ATLO | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 9,122,747 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Cash and due from banks | $ 24,890 | $ 24,819 |
Interest-bearing deposits in financial institutions and federal funds sold | 141,282 | 166,704 |
Securities available-for-sale | 740,102 | 596,999 |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | 3,427 | 3,148 |
Loans receivable, net | 1,124,435 | 1,129,505 |
Loans held for sale | 311 | 1,621 |
Bank premises and equipment, net | 16,925 | 17,340 |
Accrued income receivable | 9,596 | 11,143 |
Bank-owned life insurance | 2,950 | 2,916 |
Deferred income taxes, net | 323 | 0 |
Intangible assets, net | 2,813 | 3,133 |
Goodwill | 12,424 | 12,424 |
Other assets | 5,982 | 5,896 |
Total assets | 2,085,460 | 1,975,648 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
Noninterest-bearing checking | 375,735 | 349,500 |
Interest-bearing checking | 564,268 | 528,796 |
Savings and money market | 658,482 | 581,224 |
Time, $250 and over | 49,430 | 60,019 |
Other time | 183,484 | 196,907 |
Total deposits | 1,831,399 | 1,716,446 |
Securities sold under agreements to repurchase | 33,268 | 37,293 |
FHLB advances | 3,000 | 3,000 |
Deferred income taxes, net | 0 | 1,731 |
Accrued expenses and other liabilities | 7,671 | 7,691 |
Total liabilities | 1,875,338 | 1,766,161 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 9,122,747 as of June 30, 2021 and December 31, 2020 | 18,245 | 18,245 |
Additional paid-in capital | 17,002 | 17,002 |
Retained earnings | 165,466 | 158,217 |
Accumulated other comprehensive income | 9,409 | 16,023 |
Total stockholders' equity | 210,122 | 209,487 |
Total liabilities and stockholders' equity | $ 2,085,460 | $ 1,975,648 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2021 | Dec. 31, 2020 |
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) | 9,122,747 | 9,122,747 |
Common stock, outstanding (in shares) | 9,122,747 | 9,122,747 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Interest and dividend income: | ||||
Loans, including fees | $ 12,127 | $ 12,570 | $ 24,111 | $ 25,157 |
Securities: | ||||
Taxable | 2,212 | 1,918 | 4,201 | 3,739 |
Tax-exempt | 823 | 954 | 1,667 | 1,864 |
Other interest and dividend income | 169 | 196 | 347 | 713 |
Total interest income | 15,331 | 15,638 | 30,326 | 31,473 |
Interest expense: | ||||
Deposits | 1,124 | 1,898 | 2,418 | 4,548 |
Other borrowed funds | 35 | 60 | 72 | 199 |
Total interest expense | 1,159 | 1,958 | 2,490 | 4,747 |
Net interest income | 14,172 | 13,680 | 27,836 | 26,726 |
Provision (credit) for loan losses | (20) | 1,567 | (446) | 3,883 |
Net interest income after provision (credit) for loan losses | 14,192 | 12,113 | 28,282 | 22,843 |
Noninterest income: | ||||
Securities gains, net | 0 | 44 | 0 | 430 |
Gain on sale of loans held for sale | 380 | 572 | 884 | 839 |
Other noninterest income | 208 | 188 | 481 | 437 |
Total noninterest income | 2,636 | 2,428 | 5,142 | 5,059 |
Noninterest expense: | ||||
Salaries and employee benefits | 5,772 | 5,813 | 11,279 | 11,588 |
Data processing | 1,310 | 1,336 | 2,682 | 2,527 |
Occupancy expenses, net | 639 | 657 | 1,367 | 1,348 |
FDIC insurance assessments | 148 | 50 | 287 | 50 |
Professional fees | 515 | 397 | 911 | 741 |
Business development | 254 | 182 | 491 | 446 |
Intangible asset amortization | 160 | 217 | 320 | 434 |
New market tax credit projects amortization | 159 | 146 | 319 | 291 |
Other operating expenses, net | 457 | 301 | 764 | 724 |
Total noninterest expense | 9,414 | 9,099 | 18,420 | 18,149 |
Income before income taxes | 7,414 | 5,442 | 15,004 | 9,753 |
Provision for income taxes | 1,535 | 1,015 | 3,102 | 1,771 |
Net income | $ 5,879 | $ 4,427 | $ 11,902 | $ 7,982 |
Basic and diluted earnings per share (in dollars per share) | $ 0.64 | $ 0.49 | $ 1.30 | $ 0.87 |
Dividends declared per share (in dollars per share) | $ 0.26 | $ 0 | $ 0.51 | $ 0.25 |
Fiduciary and Trust [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 1,145 | $ 909 | $ 2,077 | $ 1,771 |
Financial Service [Member] | ||||
Noninterest income: | ||||
Noninterest income | 347 | 305 | 680 | 746 |
Credit and Debit Card [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 556 | $ 410 | $ 1,020 | $ 836 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Net income | $ 5,879 | $ 4,427 | $ 11,902 | $ 7,982 |
Unrealized holding gains (losses) arising during the period | 3,015 | 12,730 | (8,818) | 13,600 |
Less: reclassification adjustment for gains realized in net income | 0 | 44 | 0 | 430 |
Other comprehensive income (loss), before tax | 3,015 | 12,686 | (8,818) | 13,170 |
Tax effect related to other comprehensive income (loss) | (753) | (3,171) | 2,204 | (3,292) |
Other comprehensive income (loss), net of tax | 2,262 | 9,515 | (6,614) | 9,878 |
Comprehensive income | $ 8,141 | $ 13,942 | $ 5,288 | $ 17,860 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2019 | 9,222,747 | ||||
Balance at Dec. 31, 2019 | $ 18,445 | $ 18,794 | $ 146,225 | $ 4,115 | $ 187,579 |
Net income | 0 | 0 | 7,982 | 0 | 7,982 |
Other comprehensive income (loss) | $ 0 | 0 | 0 | 9,878 | 9,878 |
Repurchase and retirement of stock (in shares) | (100,000) | ||||
Repurchase and retirement of stock | $ (200) | (1,792) | 0 | 0 | (1,992) |
Cash dividends declared | $ 0 | 0 | (2,297) | 0 | (2,297) |
Balance (in shares) at Jun. 30, 2020 | 9,122,747 | ||||
Balance at Jun. 30, 2020 | $ 18,245 | 17,002 | 151,910 | 13,993 | 201,150 |
Balance (in shares) at Mar. 31, 2020 | 9,188,594 | ||||
Balance at Mar. 31, 2020 | $ 18,377 | 18,156 | 147,483 | 4,478 | 188,494 |
Net income | 0 | 0 | 4,427 | 0 | 4,427 |
Other comprehensive income (loss) | $ 0 | 0 | 0 | 9,515 | 9,515 |
Repurchase and retirement of stock (in shares) | (65,847) | ||||
Repurchase and retirement of stock | $ (132) | (1,154) | 0 | 0 | (1,286) |
Balance (in shares) at Jun. 30, 2020 | 9,122,747 | ||||
Balance at Jun. 30, 2020 | $ 18,245 | 17,002 | 151,910 | 13,993 | $ 201,150 |
Balance (in shares) at Dec. 31, 2020 | 9,122,747 | 9,122,747 | |||
Balance at Dec. 31, 2020 | $ 18,245 | 17,002 | 158,217 | 16,023 | $ 209,487 |
Net income | 0 | 0 | 11,902 | 0 | 11,902 |
Other comprehensive income (loss) | 0 | 0 | 0 | (6,614) | (6,614) |
Cash dividends declared | $ 0 | 0 | (4,653) | 0 | $ (4,653) |
Balance (in shares) at Jun. 30, 2021 | 9,122,747 | 9,122,747 | |||
Balance at Jun. 30, 2021 | $ 18,245 | 17,002 | 165,466 | 9,409 | $ 210,122 |
Balance (in shares) at Mar. 31, 2021 | 9,122,747 | ||||
Balance at Mar. 31, 2021 | $ 18,245 | 17,002 | 161,959 | 7,147 | 204,353 |
Net income | 0 | 0 | 5,879 | 0 | 5,879 |
Other comprehensive income (loss) | 0 | 0 | 0 | 2,262 | 2,262 |
Cash dividends declared | $ 0 | 0 | (2,372) | 0 | $ (2,372) |
Balance (in shares) at Jun. 30, 2021 | 9,122,747 | 9,122,747 | |||
Balance at Jun. 30, 2021 | $ 18,245 | $ 17,002 | $ 165,466 | $ 9,409 | $ 210,122 |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Cash dividends declared, per share (in dollars per share) | $ 0.26 | $ 0 | $ 0.51 | $ 0.25 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 11,902 | $ 7,982 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision (credit) for loan losses | (446) | 3,883 |
Provision (credit) for off-balance sheet commitments | (3) | 41 |
Amortization of securities, available-for-sale, loans and deposits, net | 1,167 | 252 |
Amortization of intangible assets | 320 | 434 |
Depreciation | 688 | 712 |
Deferred income taxes | 151 | (947) |
Securities (gains), net | 0 | (430) |
(Gain) on sales of loans held for sale | (884) | (839) |
Proceeds from loans held for sale | 39,161 | 41,226 |
Originations of loans held for sale | (36,967) | (39,643) |
Loss on sale and disposal of premises and equipment, net | 13 | 0 |
Amortization of investment in New Markets Tax Credit projects | 319 | 291 |
Impairment of other real estate owned | 81 | 0 |
(Gain) on sale of other real estate owned, net | 0 | (22) |
Change in assets and liabilities: | ||
Decrease in accrued income receivable | 1,547 | 987 |
Decrease in other assets | 401 | 28 |
Increase (decrease) in accrued expenses and other liabilities | (18) | 3,970 |
Net cash provided by operating activities | 17,432 | 17,925 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of securities available-for-sale | (217,484) | (102,225) |
Proceeds from sale of securities available-for-sale | 0 | 5,463 |
Proceeds from maturities and calls of securities available-for-sale | 63,971 | 75,572 |
Purchase of FHLB stock | (286) | (117) |
Proceeds from the redemption of FHLB stock | 7 | 101 |
Net (increase) decrease in interest-bearing deposits in financial institutions and federal funds sold | 25,422 | (37,043) |
Net (increase) decrease in loans | 5,262 | (101,265) |
Net proceeds from the sale of other real estate owned | 0 | 3,405 |
Purchase of bank premises and equipment | (578) | (529) |
Cash paid for bank acquired | 0 | (310) |
Other | (35) | (36) |
Net cash (used in) investing activities | (123,721) | (156,984) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Increase in deposits | 115,038 | 150,614 |
(Decrease) in securities sold under agreements to repurchase | (4,025) | (5,141) |
Payments on FHLB borrowings | 0 | (2,000) |
Dividends paid | (4,653) | (4,511) |
Stock repurchases | 0 | (1,992) |
Net cash provided by financing activities | 106,360 | 136,970 |
Net increase (decrease) in cash and due from banks | 71 | (2,089) |
CASH AND DUE FROM BANKS | ||
Beginning | 24,819 | 34,617 |
Ending | 24,890 | 32,528 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
Interest | 2,873 | 5,260 |
Income taxes | 2,823 | 676 |
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES | ||
Transfer of loans receivable to other real estate owned | $ 560 | $ 11 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. Significant Accounting Policies The consolidated financial statements for the three six June 30, 2021 2020 not may 10 December 31, 2020 ( Goodwill: not not The fair value of a reporting unit is the price that would be received to sell the unit as a whole in an orderly transaction between market participants at the measurement date. As none May 31, 2020 not no June 30, 2021. New and Pending Accounting Pronouncements: June 2016, No. 2016 13, 326 Measurement of Credit Losses on Financial Instruments October 2019, No. 2016 13 December 15, 2022. No. 2016 13 |
Note 2 - Dividends
Note 2 - Dividends | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Dividends Disclosure [Text Block] | 2. Dividends On July 14, 2021, August 13, 2021 July 30, 2021, |
Note 3 - Earnings Per Share
Note 3 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 3. Earnings Per Share Earnings per share amounts were calculated using the weighted average shares outstanding during the periods presented. The weighted average outstanding shares for the three June 30, 2021 2020 six June 30, 2021 2020 |
Note 4 - Off-balance Sheet Arra
Note 4 - Off-balance Sheet Arrangements | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Loans and Leases Receivable Commitments [Text Block] | 4. Off-Balance Sheet Arrangements 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, 2020. |
Note 5 - Fair Value Measurement
Note 5 - Fair Value Measurements | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 5. Fair Value Measurements 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 June 30, 2021 December 31, 2020 (in thousands) Description Total Level 1 Level 2 Level 3 2021 U.S. government treasuries $ 100,547 $ 100,547 $ - $ - U.S. government agencies 116,358 - 116,358 - U.S. government mortgage-backed securities 168,737 - 168,737 - State and political subdivisions 275,205 - 275,205 - Corporate bonds 79,255 - 79,255 - $ 740,102 $ 100,547 $ 639,555 $ - 2020 U.S. government treasuries $ 12,053 $ 12,053 $ - $ - U.S. government agencies 111,199 - 111,199 - U.S. government mortgage-backed securities 150,195 - 150,195 - State and political subdivisions 251,584 - 251,584 - Corporate bonds 71,968 - 71,968 - $ 596,999 $ 12,053 $ 584,946 $ - Level 1 2 may 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 or a change in previously recognized 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 June 30, 2021 December 31, 2020 (in thousands) Description Total Level 1 Level 2 Level 3 2021 Loans receivable $ 8,751 $ - $ - $ 8,751 Other real estate owned 778 - - 778 Total $ 9,529 $ - $ - $ 9,529 2020 Loans receivable $ 10,306 $ - $ - $ 10,306 Other real estate owned 218 - - 218 Total $ 10,524 $ - $ - $ 10,524 The significant inputs used in the fair value measurements for Level 3 June 30, 2021 December 31, 2020 (in thousands) 2021 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Loans receivable $ 8,751 Evaluation of collateral Estimation of value NM* Other real estate owned $ 778 Appraisal Appraisal adjustment 6% - 8% (7%) 2020 Estimated Valuation Unobservable Inputs Range Fair Value Techniques (Average) Loans receivable $ 10,306 Evaluation of collateral Estimation of value NM* Other real estate owned $ 218 Appraisal Appraisal adjustment 6% - 8% (7%) * Evaluations of the underlying assets are completed for each collateral dependent impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivables, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may not GAAP requires disclosure of the fair value of financial assets and financial liabilities, including those that are not The following table includes the carrying amounts and estimated fair values of the Company’s financial assets and liabilities as of June 30, 2021 December 31, 2020 (in thousands): 2021 2020 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and due from banks Level 1 $ 24,890 $ 24,890 $ 24,819 $ 24,819 Interest-bearing deposits in financial institutions and federal funds sold Level 1 141,282 141,282 166,704 166,704 Securities available-for-sale See previous table 740,102 740,102 596,999 596,999 FHLB and FRB stock Level 2 3,427 3,427 3,148 3,148 Loans receivable, net Level 2 1,124,435 1,102,745 1,129,505 1,116,352 Loans held for sale Level 2 311 311 1,621 1,621 Accrued income receivable Level 1 9,596 9,596 11,143 11,143 Financial liabilities: Deposits Level 2 $ 1,831,399 $ 1,833,779 $ 1,716,446 $ 1,720,023 Securities sold under agreements to repurchase Level 1 33,268 33,268 37,293 37,293 FHLB advances Level 2 3,000 3,069 3,000 3,111 Accrued interest payable Level 1 532 532 829 829 The methodologies used to determine fair value as of June 30, 2021 not December 31, 2020 Commitments to extend credit and standby letters of credit not Limitations no |
Note 6 - Debt Securities
Note 6 - Debt Securities | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 6. Debt Securities The amortized cost of securities available-for-sale and their approximate fair values as of June 30, 2021 December 31, 2020 (in thousands): 2021: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 100,543 $ 382 $ (378 ) $ 100,547 U.S. government agencies 113,012 3,703 (357 ) 116,358 U.S. government mortgage-backed securities 168,068 2,013 (1,344 ) 168,737 State and political subdivisions 270,241 5,692 (728 ) 275,205 Corporate bonds 75,693 3,619 (57 ) 79,255 $ 727,557 $ 15,409 $ (2,864 ) $ 740,102 2020: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 11,725 $ 328 $ - $ 12,053 U.S. government agencies 106,337 4,875 (13 ) 111,199 U.S. government mortgage-backed securities 146,889 3,337 (31 ) 150,195 State and political subdivisions 243,438 8,182 (36 ) 251,584 Corporate bonds 67,247 4,722 (1 ) 71,968 $ 575,636 $ 21,444 $ (81 ) $ 596,999 The amortized cost and fair value of debt securities available-for-sale as of June 30, 2021, may in thousands Amortized Estimated Cost Fair Value Due in one year or less $ 57,814 $ 58,258 Due after one year through five years 295,926 302,378 Due after five years through ten years 337,265 342,042 Due after ten years 36,552 37,424 Total $ 727,557 $ 740,102 Securities with a carrying value of $199.1 million and $202.0 million at June 30, 2021 December 31, 2020, The proceeds and gains on securities available-for-sale for the three six June 30, 2021 2020 in thousands Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Proceeds from sales of securities available-for-sale $ - $ 2,078 $ - $ 5,463 Gross realized gains on securities available-for-sale - 44 - 430 Gross realized losses on securities available-for-sale - - - - Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2021 December 31, 2020 (in thousands) Less than 12 Months 12 Months or More Total 2021: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ 56,269 $ (378 ) $ - $ - $ 56,269 $ (378 ) U.S. government agencies 24,179 (357 ) - - 24,179 (357 ) U.S. government mortgage-backed securities 105,041 (1,344 ) - - 105,041 (1,344 ) State and political subdivisions 57,806 (727 ) 181 (1 ) 57,987 (728 ) Corporate bonds 4,320 (57 ) - - 4,320 (57 ) $ 247,615 $ (2,863 ) $ 181 $ (1 ) $ 247,796 $ (2,864 ) Less than 12 Months 12 Months or More Total 2020: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities available-for-sale: U.S. government agencies $ 6,016 $ (7 ) $ 896 $ (6 ) $ 6,912 $ (13 ) U.S. government mortgage-backed securities 5,097 (31 ) - - 5,097 (31 ) State and political subdivisions 7,875 (34 ) 180 (2 ) 8,055 (36 ) Corporate bonds 534 (1 ) - - 534 (1 ) $ 19,522 $ (73 ) $ 1,076 $ (8 ) $ 20,598 $ (81 ) Gross unrealized losses on debt securities totaled $2.9 million as of June 30, 2021. not not third not |
Note 7 - Loans Receivable and C
Note 7 - Loans Receivable and Credit Disclosures | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | 7. Loans Receivable and Credit Disclosures The composition of loans receivable as of June 30, 2021 December 31, 2020 in thousands 2021 2020 Real estate - construction $ 46,164 $ 45,497 Real estate - 1 to 4 family residential 226,683 213,562 Real estate - commercial 498,561 496,357 Real estate - agricultural 152,157 151,992 Commercial 1 106,016 122,535 Agricultural 98,233 102,586 Consumer and other 15,622 15,048 1,143,436 1,147,577 Less: Allowance for loan losses (16,893 ) (17,215 ) Deferred loan fees and costs, net 2 (2,108 ) (857 ) Loans receivable, net $ 1,124,435 $ 1,129,505 1 Commercial loan portfolio includes $37.6 million and $50.9 million of Paycheck Protection Program ("PPP") loans as of June 30, 2021 December 31, 2020, 2 Deferred loan fees and costs, net includes $2.3 million and $0.9 million of fees, net of costs, related to the PPP loans as of June 30, 2021 December 31, 2020, The Paycheck Protection Program (PPP) was established by the Coronavirus Aid, Relief and Economic Security Act (CARES Act), enacted on March 27, 2020, December 27, 2020 March 11, 2021, 2019 19 may 100 Activity in the allowance for loan losses, on a disaggregated basis, for the three June 30, 2021 2020 (in thousands) Three Months Ended June 30, 2021 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, March 31, 2021 $ 868 $ 2,383 $ 9,049 $ 1,498 $ 1,262 $ 1,614 $ 233 $ 16,907 Provision (credit) for loan losses (130 ) 217 (161 ) 116 (123 ) 56 5 (20 ) Recoveries of loans charged-off - 3 1 - 1 5 3 13 Loans charged-off - - - - - - (7 ) (7 ) Balance, June 30, 2021 $ 738 $ 2,603 $ 8,889 $ 1,614 $ 1,140 $ 1,675 $ 234 $ 16,893 Six Months Ended June 30, 2021 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2020 $ 725 $ 2,581 $ 8,930 $ 1,595 $ 1,453 $ 1,696 $ 235 $ 17,215 Provision (credit) for loan losses 13 (214 ) (43 ) 19 (202 ) (26 ) 7 (446 ) Recoveries of loans charged-off - 266 2 - 2 5 7 282 Loans charged-off - (30 ) - - (113 ) - (15 ) (158 ) Balance, June 30, 2021 $ 738 $ 2,603 $ 8,889 $ 1,614 $ 1,140 $ 1,675 $ 234 $ 16,893 Three Months Ended June 30, 2020 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, March 31, 2020 $ 753 $ 2,336 $ 6,552 $ 1,563 $ 1,672 $ 1,815 $ 218 $ 14,909 Provision for loan losses 96 183 724 150 366 15 33 1,567 Recoveries of loans charged-off - 3 1 - 2 - 1 7 Loans charged-off - (17 ) (413 ) - (46 ) - (2 ) (478 ) Balance, June 30, 2020 $ 849 $ 2,505 $ 6,864 $ 1,713 $ 1,994 $ 1,830 $ 250 $ 16,005 Six Months Ended June 30, 2020 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2019 $ 672 $ 2,122 $ 5,362 $ 1,326 $ 1,458 $ 1,478 $ 201 $ 12,619 Provision (credit) for loan losses 176 397 1,944 387 578 352 49 3,883 Recoveries of loans charged-off 1 3 2 - 4 - 4 14 Loans charged-off - (17 ) (444 ) - (46 ) - (4 ) (511 ) Balance, June 30, 2020 $ 849 $ 2,505 $ 6,864 $ 1,713 $ 1,994 $ 1,830 $ 250 $ 16,005 Allowance for loan losses disaggregated on the basis of impairment analysis method as of June 30, 2021 December 31, 2020 (in thousands) 2021 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 $ - $ 15 $ 1,486 $ - $ - $ 132 $ 28 $ 1,661 Collectively evaluated for impairment 738 2,588 7,403 1,614 1,140 1,543 206 15,232 Balance June 30, 2021 $ 738 $ 2,603 $ 8,889 $ 1,614 $ 1,140 $ 1,675 $ 234 $ 16,893 2020 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 $ - $ 150 $ 1,486 $ - $ 115 $ 40 $ 28 $ 1,819 Collectively evaluated for impairment 725 2,431 7,444 1,595 1,338 1,656 207 15,396 Balance December 31, 2020 $ 725 $ 2,581 $ 8,930 $ 1,595 $ 1,453 $ 1,696 $ 235 $ 17,215 Loans receivable disaggregated on the basis of impairment analysis method as of June 30, 2021 December 31, 2020 (in thousands) 2021 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 $ - $ 953 $ 10,153 $ 628 $ 271 $ 650 $ 41 $ 12,696 Collectively evaluated for impairment 46,164 225,730 488,408 151,529 105,745 97,583 15,581 1,130,740 Balance June 30, 2021 $ 46,164 $ 226,683 $ 498,561 $ 152,157 $ 106,016 $ 98,233 $ 15,622 $ 1,143,436 2020 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 $ 167 $ 1,340 $ 10,258 $ 1,664 $ 940 $ 859 $ 45 $ 15,273 Collectively evaluated for impairment 45,330 212,222 486,099 150,328 121,595 101,727 15,003 1,132,304 Balance December 31, 2020 $ 45,497 $ 213,562 $ 496,357 $ 151,992 $ 122,535 $ 102,586 $ 15,048 $ 1,147,577 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 applies its normal loan review procedures to identify loans that should be evaluated for impairment. Impaired loans, on a disaggregated basis, as of June 30, 2021 December 31, 2020 (in thousands) 2021 2020 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ - $ - $ 167 $ 167 $ - Real estate - 1 to 4 family residential 932 995 - 416 475 - Real estate - commercial 137 167 - 242 578 - Real estate - agricultural 628 684 - 1,664 1,698 - Commercial 271 302 - 274 318 - Agricultural 312 504 - 377 542 - Consumer and other 4 4 - 8 10 - Total loans with no specific reserve: 2,284 2,656 - 3,148 3,788 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 21 21 15 924 1,278 150 Real estate - commercial 10,016 10,157 1,486 10,016 10,157 1,486 Real estate - agricultural - - - - - - Commercial - - - 666 1,247 115 Agricultural 338 342 132 482 484 40 Consumer and other 37 39 28 37 39 28 Total loans with specific reserve: 10,412 10,559 1,661 12,125 13,205 1,819 Total Real estate - construction - - - 167 167 - Real estate - 1 to 4 family residential 953 1,016 15 1,340 1,753 150 Real estate - commercial 10,153 10,324 1,486 10,258 10,735 1,486 Real estate - agricultural 628 684 - 1,664 1,698 - Commercial 271 302 - 940 1,565 115 Agricultural 650 846 132 859 1,026 40 Consumer and other 41 43 28 45 49 28 $ 12,696 $ 13,215 $ 1,661 $ 15,273 $ 16,993 $ 1,819 Average recorded investment and interest income recognized on impaired loans for the three six June 30, 2021 2020 (in thousands) Three Months Ended June 30, 2021 2020 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ 84 $ - $ - $ - Real estate - 1 to 4 family residential 619 11 164 - Real estate - commercial 139 - 10,877 - Real estate - agricultural 860 - 1,429 - Commercial 544 - 468 2 Agricultural 328 1 2,092 - Consumer and other 4 - 45 - Total loans with no specific reserve: 2,578 12 15,075 2 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 57 - 1,031 - Real estate - commercial 10,016 - 488 - Real estate - agricultural - - - - Commercial - - 710 - Agricultural 371 - 495 - Consumer and other 40 - 9 - Total loans with specific reserve: 10,484 - 2,733 - Total Real estate - construction 84 - - - Real estate - 1 to 4 family residential 676 11 1,195 - Real estate - commercial 10,155 - 11,365 - Real estate - agricultural 860 - 1,429 - Commercial 544 - 1,178 2 Agricultural 699 1 2,587 - Consumer and other 44 - 54 - $ 13,062 $ 12 $ 17,808 $ 2 Six Months Ended June 30, 2021 2020 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ 111 $ - $ - $ - Real estate - 1 to 4 family residential 551 11 263 - Real estate - commercial 173 297 7,279 - Real estate - agricultural 1,128 25 980 6 Commercial 454 - 466 2 Agricultural 344 14 2,378 - Consumer and other 5 - 31 - Total loans with no specific reserve: 2,766 347 11,397 8 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 346 - 935 - Real estate - commercial 10,016 - 325 - Real estate - agricultural - - - - Commercial 222 - 473 - Agricultural 408 - 330 - Consumer and other 39 - 6 - Total loans with specific reserve: 11,031 - 2,069 - Total Real estate - construction 111 - - - Real estate - 1 to 4 family residential 897 11 1,198 - Real estate - commercial 10,189 297 7,604 - Real estate - agricultural 1,128 25 980 6 Commercial 676 - 939 2 Agricultural 752 14 2,708 - Consumer and other 44 - 37 - $ 13,797 $ 347 $ 13,466 $ 8 The interest foregone on nonaccrual loans for the three June 30, 2021 2020 six June 30, 2021 2020 Nonaccrual loans at June 30, 2021 December 31, 2020 The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $10.8 million as of June 30, 2021, December 31, 2020, The Company’s TDRs, on a disaggregated basis, occurring in the three six June 30, 2021 2020, dollars in thousands Three Months Ended June 30, 2021 2020 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 1 425 425 - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - - - - Agricultural - - - - - - Consumer and other - - - - - - 1 $ 425 $ 425 - $ - $ - Six Months Ended June 30, 2021 2020 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 3 578 578 - - - Real estate - commercial - - - 1 184 184 Real estate - agricultural - - - - - - Commercial 1 58 58 1 61 61 Agricultural - - - - - - Consumer and other - - - - - - 4 $ 636 $ 636 2 $ 245 $ 245 During the three June 30, 2021, one 19. three June 30, 2020, not six June 30, 2021, three six June 30, 2020, two second six There were no TDR loans that were modified during the six June 30, 2021 twelve June 30, 2021 60 There were no net charge-offs and $16 thousand of net charge-offs related to TDRs for the three June 30, 2021 2020, six June 30, 2021 2020, No three six June 30, 2021 2020. Section 4013 19 may not 30 December 31, 2019 may not not 19 may March 1, 2020 December 31, 2020, January 1, 2022 60 19 March 2020, 19. 19 not As of June 30, 2021, 19 December 31, 2020, 19 An aging analysis of the recorded investments in loans, on a disaggregated basis, as of June 30, 2021 December 31, 2020, (in thousands) 2021 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ - $ - $ - $ 46,164 $ 46,164 $ - Real estate - 1 to 4 family residential 791 103 894 225,789 226,683 4 Real estate - commercial 2,525 - 2,525 496,036 498,561 - Real estate - agricultural 577 - 577 151,580 152,157 - Commercial 828 6 834 105,182 106,016 - Agricultural 67 294 361 97,872 98,233 - Consumer and other 23 5 28 15,594 15,622 - $ 4,811 $ 408 $ 5,219 $ 1,138,217 $ 1,143,436 $ 4 2020 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 169 $ 167 $ 336 $ 45,161 $ 45,497 $ - Real estate - 1 to 4 family residential 1,523 176 1,699 211,863 213,562 6 Real estate - commercial 152 56 208 496,149 496,357 - Real estate - agricultural 574 1,618 2,192 149,800 151,992 - Commercial 283 3 286 122,249 122,535 3 Agricultural 79 458 537 102,049 102,586 30 Consumer and other 18 16 34 15,014 15,048 - $ 2,798 $ 2,494 $ 5,292 $ 1,142,285 $ 1,147,577 $ 39 The credit risk profile by internally assigned grade, on a disaggregated basis, as of June 30, 2021 December 31, 2020 (in thousands) 2021 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 44,565 $ 360,863 $ 123,723 $ 92,810 $ 81,986 $ 703,947 Watch 246 77,746 21,918 8,520 14,842 123,272 Special Mention 1,353 22,315 171 1,336 - 25,175 Substandard - 27,484 5,717 3,079 755 37,035 Substandard-Impaired - 10,153 628 271 650 11,702 $ 46,164 $ 498,561 $ 152,157 $ 106,016 $ 98,233 $ 901,131 2020 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 39,980 $ 346,591 $ 110,925 $ 101,858 $ 80,075 $ 679,429 Watch 5,350 88,113 33,144 15,897 20,793 163,297 Special Mention - 23,753 175 52 - 23,980 Substandard - 27,642 6,084 3,788 859 38,373 Substandard-Impaired 167 10,258 1,664 940 859 13,888 $ 45,497 $ 496,357 $ 151,992 $ 122,535 $ 102,586 $ 918,967 The credit risk profile based on payment activity, on a disaggregated basis, as of June 30, 2021 December 31, 2020 (in thousands) 2021 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 225,725 $ 15,581 $ 241,306 Non-performing 958 41 999 $ 226,683 $ 15,622 $ 242,305 2020 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 212,282 $ 15,003 $ 227,285 Non-performing 1,280 45 1,325 $ 213,562 $ 15,048 $ 228,610 |
Note 8 - Intangible Assets
Note 8 - Intangible Assets | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 8. Intangible assets The following sets forth the carrying amounts and accumulated amortization of the intangible assets at June 30, 2021 December 31, 2020 (in thousands) 2021 2020 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 6,411 $ 3,774 $ 6,411 $ 3,493 Customer list 535 359 535 320 Total $ 6,946 $ 4,133 $ 6,946 $ 3,813 The weighted average remaining life of the intangible assets is approximately 4 years as of June 30, 2021 December 31, 2020. The following sets forth the activity related to the intangible assets for the three six June 30, 2021 2020 (in thousands) Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Beginning intangible assets, net $ 2,973 $ 3,742 $ 3,133 $ 3,959 Amortization (160 ) (217 ) (320 ) (434 ) Ending intangible assets, net $ 2,813 $ 3,525 $ 2,813 $ 3,525 Estimated remaining amortization expense on intangible assets for the years ending December 31 (in thousands) 2021 $ 308 2022 574 2023 502 2024 337 2025 300 2026 268 After 524 Total $ 2,813 |
Note 9 - Pledged Collateral Rel
Note 9 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Secured Borrowings [Text Block] | 9. 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 June 30, 2021 December 31, 2020 (in thousands) 2021 2020 Securities sold under agreements to repurchase: U.S. government treasuries $ 2,049 $ 2,069 U.S. government agencies 36,612 39,362 U.S. government mortgage-backed securities 12,686 14,320 Total pledged collateral $ 51,347 $ 55,751 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 10 - Borrowings
Note 10 - Borrowings | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 10. Borrowings On June 11, 2021, five June 30, 2021. |
Note 11 - Income Taxes
Note 11 - Income Taxes | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 11. Income Taxes The tax effects of temporary differences related to income taxes are included in deferred income taxes. The change in deferred income taxes since December 31, 2020 |
Note 12 - Commitments, Continge
Note 12 - Commitments, Contingencies and Concentrations of Credit Risk | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 12. Commitments, Contingencies and Concentrations of Credit Risk On April 16, 2021, June 30, 2021. |
Note 13 - Regulatory Matters
Note 13 - Regulatory Matters | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | 13. Regulatory Matters On March 31, 2020, 1 8%, $10 January 1, 2021 8.5% 9% January 1, 2022. not one 8%, two two 8.5% 8% June 30, 2021 September 30, 2021 8.5% 8% June 30, 2021 December 31, 2021 The Company and the Banks’ capital amounts and ratios as of June 30, 2021 December 31, 2020 dollars in thousands To Be Well Capitalized Under Prompt Corrective Actual Action Provisions Amount Ratio Amount Ratio As of June 30, 2021: Community Bank Leverage Ratio: (Tier 1 capital to average assets for leverage ratio): Boone Bank & Trust $ 14,345 9.0 % $ 13,542 8.5 % First National Bank 90,457 8.5 90,814 8.5 Iowa State Savings Bank 22,305 9.0 20,949 8.5 Reliance State Bank 24,146 9.0 22,885 8.5 State Bank & Trust 17,950 8.3 18,390 8.5 United Bank & Trust 10,720 8.8 10,355 8.5 To Be Well Capitalized Under Prompt Corrective Actual Action Provisions Amount Ratio Amount Ratio As of December 31, 2020: Community Bank Leverage Ratio: (Tier 1 capital to average assets for leverage ratio): Boone Bank & Trust $ 13,967 9.2 % $ 12,170 8.0 % First National Bank 86,071 8.6 80,393 8.0 Iowa State Savings Bank 21,610 9.4 18,321 8.0 Reliance State Bank 23,278 9.4 19,741 8.0 State Bank & Trust 16,564 8.5 15,657 8.0 United Bank & Trust 10,539 9.2 9,180 8.0 |
Note 14 - Subsequent Events
Note 14 - Subsequent Events | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 14. Subsequent Events Management evaluated subsequent events through the date the financial statements were issued. There were no June 30, 2021, August 5, 2021, June 30, 2021. July 14, 2021, no not June 30, 2021. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2021 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | The consolidated financial statements for the three six June 30, 2021 2020 not may 10 December 31, 2020 ( |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill: not not The fair value of a reporting unit is the price that would be received to sell the unit as a whole in an orderly transaction between market participants at the measurement date. As none May 31, 2020 not no June 30, 2021. |
New Accounting Pronouncements, Policy [Policy Text Block] | New and Pending Accounting Pronouncements: June 2016, No. 2016 13, 326 Measurement of Credit Losses on Financial Instruments October 2019, No. 2016 13 December 15, 2022. No. 2016 13 |
Note 5 - Fair Value Measureme_2
Note 5 - Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Description Total Level 1 Level 2 Level 3 2021 U.S. government treasuries $ 100,547 $ 100,547 $ - $ - U.S. government agencies 116,358 - 116,358 - U.S. government mortgage-backed securities 168,737 - 168,737 - State and political subdivisions 275,205 - 275,205 - Corporate bonds 79,255 - 79,255 - $ 740,102 $ 100,547 $ 639,555 $ - 2020 U.S. government treasuries $ 12,053 $ 12,053 $ - $ - U.S. government agencies 111,199 - 111,199 - U.S. government mortgage-backed securities 150,195 - 150,195 - State and political subdivisions 251,584 - 251,584 - Corporate bonds 71,968 - 71,968 - $ 596,999 $ 12,053 $ 584,946 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Description Total Level 1 Level 2 Level 3 2021 Loans receivable $ 8,751 $ - $ - $ 8,751 Other real estate owned 778 - - 778 Total $ 9,529 $ - $ - $ 9,529 2020 Loans receivable $ 10,306 $ - $ - $ 10,306 Other real estate owned 218 - - 218 Total $ 10,524 $ - $ - $ 10,524 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | 2021 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Loans receivable $ 8,751 Evaluation of collateral Estimation of value NM* Other real estate owned $ 778 Appraisal Appraisal adjustment 6% - 8% (7%) 2020 Estimated Valuation Unobservable Inputs Range Fair Value Techniques (Average) Loans receivable $ 10,306 Evaluation of collateral Estimation of value NM* Other real estate owned $ 218 Appraisal Appraisal adjustment 6% - 8% (7%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | 2021 2020 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and due from banks Level 1 $ 24,890 $ 24,890 $ 24,819 $ 24,819 Interest-bearing deposits in financial institutions and federal funds sold Level 1 141,282 141,282 166,704 166,704 Securities available-for-sale See previous table 740,102 740,102 596,999 596,999 FHLB and FRB stock Level 2 3,427 3,427 3,148 3,148 Loans receivable, net Level 2 1,124,435 1,102,745 1,129,505 1,116,352 Loans held for sale Level 2 311 311 1,621 1,621 Accrued income receivable Level 1 9,596 9,596 11,143 11,143 Financial liabilities: Deposits Level 2 $ 1,831,399 $ 1,833,779 $ 1,716,446 $ 1,720,023 Securities sold under agreements to repurchase Level 1 33,268 33,268 37,293 37,293 FHLB advances Level 2 3,000 3,069 3,000 3,111 Accrued interest payable Level 1 532 532 829 829 |
Note 6 - Debt Securities (Table
Note 6 - Debt Securities (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | 2021: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 100,543 $ 382 $ (378 ) $ 100,547 U.S. government agencies 113,012 3,703 (357 ) 116,358 U.S. government mortgage-backed securities 168,068 2,013 (1,344 ) 168,737 State and political subdivisions 270,241 5,692 (728 ) 275,205 Corporate bonds 75,693 3,619 (57 ) 79,255 $ 727,557 $ 15,409 $ (2,864 ) $ 740,102 2020: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 11,725 $ 328 $ - $ 12,053 U.S. government agencies 106,337 4,875 (13 ) 111,199 U.S. government mortgage-backed securities 146,889 3,337 (31 ) 150,195 State and political subdivisions 243,438 8,182 (36 ) 251,584 Corporate bonds 67,247 4,722 (1 ) 71,968 $ 575,636 $ 21,444 $ (81 ) $ 596,999 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Estimated Cost Fair Value Due in one year or less $ 57,814 $ 58,258 Due after one year through five years 295,926 302,378 Due after five years through ten years 337,265 342,042 Due after ten years 36,552 37,424 Total $ 727,557 $ 740,102 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Proceeds from sales of securities available-for-sale $ - $ 2,078 $ - $ 5,463 Gross realized gains on securities available-for-sale - 44 - 430 Gross realized losses on securities available-for-sale - - - - |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or More Total 2021: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ 56,269 $ (378 ) $ - $ - $ 56,269 $ (378 ) U.S. government agencies 24,179 (357 ) - - 24,179 (357 ) U.S. government mortgage-backed securities 105,041 (1,344 ) - - 105,041 (1,344 ) State and political subdivisions 57,806 (727 ) 181 (1 ) 57,987 (728 ) Corporate bonds 4,320 (57 ) - - 4,320 (57 ) $ 247,615 $ (2,863 ) $ 181 $ (1 ) $ 247,796 $ (2,864 ) Less than 12 Months 12 Months or More Total 2020: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities available-for-sale: U.S. government agencies $ 6,016 $ (7 ) $ 896 $ (6 ) $ 6,912 $ (13 ) U.S. government mortgage-backed securities 5,097 (31 ) - - 5,097 (31 ) State and political subdivisions 7,875 (34 ) 180 (2 ) 8,055 (36 ) Corporate bonds 534 (1 ) - - 534 (1 ) $ 19,522 $ (73 ) $ 1,076 $ (8 ) $ 20,598 $ (81 ) |
Note 7 - Loans Receivable and_2
Note 7 - Loans Receivable and Credit Disclosures (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Composition of Loans Receivable [Table Text Block] | 2021 2020 Real estate - construction $ 46,164 $ 45,497 Real estate - 1 to 4 family residential 226,683 213,562 Real estate - commercial 498,561 496,357 Real estate - agricultural 152,157 151,992 Commercial 1 106,016 122,535 Agricultural 98,233 102,586 Consumer and other 15,622 15,048 1,143,436 1,147,577 Less: Allowance for loan losses (16,893 ) (17,215 ) Deferred loan fees and costs, net 2 (2,108 ) (857 ) Loans receivable, net $ 1,124,435 $ 1,129,505 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Three Months Ended June 30, 2021 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, March 31, 2021 $ 868 $ 2,383 $ 9,049 $ 1,498 $ 1,262 $ 1,614 $ 233 $ 16,907 Provision (credit) for loan losses (130 ) 217 (161 ) 116 (123 ) 56 5 (20 ) Recoveries of loans charged-off - 3 1 - 1 5 3 13 Loans charged-off - - - - - - (7 ) (7 ) Balance, June 30, 2021 $ 738 $ 2,603 $ 8,889 $ 1,614 $ 1,140 $ 1,675 $ 234 $ 16,893 Six Months Ended June 30, 2021 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2020 $ 725 $ 2,581 $ 8,930 $ 1,595 $ 1,453 $ 1,696 $ 235 $ 17,215 Provision (credit) for loan losses 13 (214 ) (43 ) 19 (202 ) (26 ) 7 (446 ) Recoveries of loans charged-off - 266 2 - 2 5 7 282 Loans charged-off - (30 ) - - (113 ) - (15 ) (158 ) Balance, June 30, 2021 $ 738 $ 2,603 $ 8,889 $ 1,614 $ 1,140 $ 1,675 $ 234 $ 16,893 Three Months Ended June 30, 2020 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, March 31, 2020 $ 753 $ 2,336 $ 6,552 $ 1,563 $ 1,672 $ 1,815 $ 218 $ 14,909 Provision for loan losses 96 183 724 150 366 15 33 1,567 Recoveries of loans charged-off - 3 1 - 2 - 1 7 Loans charged-off - (17 ) (413 ) - (46 ) - (2 ) (478 ) Balance, June 30, 2020 $ 849 $ 2,505 $ 6,864 $ 1,713 $ 1,994 $ 1,830 $ 250 $ 16,005 Six Months Ended June 30, 2020 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2019 $ 672 $ 2,122 $ 5,362 $ 1,326 $ 1,458 $ 1,478 $ 201 $ 12,619 Provision (credit) for loan losses 176 397 1,944 387 578 352 49 3,883 Recoveries of loans charged-off 1 3 2 - 4 - 4 14 Loans charged-off - (17 ) (444 ) - (46 ) - (4 ) (511 ) Balance, June 30, 2020 $ 849 $ 2,505 $ 6,864 $ 1,713 $ 1,994 $ 1,830 $ 250 $ 16,005 |
Allowance for Loan Losses Disaggregated on Basis of Impairment Analysis Method [Table Text Block] | 2021 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 $ - $ 15 $ 1,486 $ - $ - $ 132 $ 28 $ 1,661 Collectively evaluated for impairment 738 2,588 7,403 1,614 1,140 1,543 206 15,232 Balance June 30, 2021 $ 738 $ 2,603 $ 8,889 $ 1,614 $ 1,140 $ 1,675 $ 234 $ 16,893 2020 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 $ - $ 150 $ 1,486 $ - $ 115 $ 40 $ 28 $ 1,819 Collectively evaluated for impairment 725 2,431 7,444 1,595 1,338 1,656 207 15,396 Balance December 31, 2020 $ 725 $ 2,581 $ 8,930 $ 1,595 $ 1,453 $ 1,696 $ 235 $ 17,215 |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2021 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 $ - $ 953 $ 10,153 $ 628 $ 271 $ 650 $ 41 $ 12,696 Collectively evaluated for impairment 46,164 225,730 488,408 151,529 105,745 97,583 15,581 1,130,740 Balance June 30, 2021 $ 46,164 $ 226,683 $ 498,561 $ 152,157 $ 106,016 $ 98,233 $ 15,622 $ 1,143,436 2020 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 $ 167 $ 1,340 $ 10,258 $ 1,664 $ 940 $ 859 $ 45 $ 15,273 Collectively evaluated for impairment 45,330 212,222 486,099 150,328 121,595 101,727 15,003 1,132,304 Balance December 31, 2020 $ 45,497 $ 213,562 $ 496,357 $ 151,992 $ 122,535 $ 102,586 $ 15,048 $ 1,147,577 |
Impaired Financing Receivables [Table Text Block] | 2021 2020 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ - $ - $ 167 $ 167 $ - Real estate - 1 to 4 family residential 932 995 - 416 475 - Real estate - commercial 137 167 - 242 578 - Real estate - agricultural 628 684 - 1,664 1,698 - Commercial 271 302 - 274 318 - Agricultural 312 504 - 377 542 - Consumer and other 4 4 - 8 10 - Total loans with no specific reserve: 2,284 2,656 - 3,148 3,788 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 21 21 15 924 1,278 150 Real estate - commercial 10,016 10,157 1,486 10,016 10,157 1,486 Real estate - agricultural - - - - - - Commercial - - - 666 1,247 115 Agricultural 338 342 132 482 484 40 Consumer and other 37 39 28 37 39 28 Total loans with specific reserve: 10,412 10,559 1,661 12,125 13,205 1,819 Total Real estate - construction - - - 167 167 - Real estate - 1 to 4 family residential 953 1,016 15 1,340 1,753 150 Real estate - commercial 10,153 10,324 1,486 10,258 10,735 1,486 Real estate - agricultural 628 684 - 1,664 1,698 - Commercial 271 302 - 940 1,565 115 Agricultural 650 846 132 859 1,026 40 Consumer and other 41 43 28 45 49 28 $ 12,696 $ 13,215 $ 1,661 $ 15,273 $ 16,993 $ 1,819 |
Average Investment in Impaired Loans and Interest Income Recognized [Table Text Block] | Three Months Ended June 30, 2021 2020 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ 84 $ - $ - $ - Real estate - 1 to 4 family residential 619 11 164 - Real estate - commercial 139 - 10,877 - Real estate - agricultural 860 - 1,429 - Commercial 544 - 468 2 Agricultural 328 1 2,092 - Consumer and other 4 - 45 - Total loans with no specific reserve: 2,578 12 15,075 2 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 57 - 1,031 - Real estate - commercial 10,016 - 488 - Real estate - agricultural - - - - Commercial - - 710 - Agricultural 371 - 495 - Consumer and other 40 - 9 - Total loans with specific reserve: 10,484 - 2,733 - Total Real estate - construction 84 - - - Real estate - 1 to 4 family residential 676 11 1,195 - Real estate - commercial 10,155 - 11,365 - Real estate - agricultural 860 - 1,429 - Commercial 544 - 1,178 2 Agricultural 699 1 2,587 - Consumer and other 44 - 54 - $ 13,062 $ 12 $ 17,808 $ 2 Six Months Ended June 30, 2021 2020 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ 111 $ - $ - $ - Real estate - 1 to 4 family residential 551 11 263 - Real estate - commercial 173 297 7,279 - Real estate - agricultural 1,128 25 980 6 Commercial 454 - 466 2 Agricultural 344 14 2,378 - Consumer and other 5 - 31 - Total loans with no specific reserve: 2,766 347 11,397 8 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 346 - 935 - Real estate - commercial 10,016 - 325 - Real estate - agricultural - - - - Commercial 222 - 473 - Agricultural 408 - 330 - Consumer and other 39 - 6 - Total loans with specific reserve: 11,031 - 2,069 - Total Real estate - construction 111 - - - Real estate - 1 to 4 family residential 897 11 1,198 - Real estate - commercial 10,189 297 7,604 - Real estate - agricultural 1,128 25 980 6 Commercial 676 - 939 2 Agricultural 752 14 2,708 - Consumer and other 44 - 37 - $ 13,797 $ 347 $ 13,466 $ 8 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | Three Months Ended June 30, 2021 2020 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 1 425 425 - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - - - - Agricultural - - - - - - Consumer and other - - - - - - 1 $ 425 $ 425 - $ - $ - Six Months Ended June 30, 2021 2020 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 3 578 578 - - - Real estate - commercial - - - 1 184 184 Real estate - agricultural - - - - - - Commercial 1 58 58 1 61 61 Agricultural - - - - - - Consumer and other - - - - - - 4 $ 636 $ 636 2 $ 245 $ 245 |
Financing Receivable, Past Due [Table Text Block] | 2021 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ - $ - $ - $ 46,164 $ 46,164 $ - Real estate - 1 to 4 family residential 791 103 894 225,789 226,683 4 Real estate - commercial 2,525 - 2,525 496,036 498,561 - Real estate - agricultural 577 - 577 151,580 152,157 - Commercial 828 6 834 105,182 106,016 - Agricultural 67 294 361 97,872 98,233 - Consumer and other 23 5 28 15,594 15,622 - $ 4,811 $ 408 $ 5,219 $ 1,138,217 $ 1,143,436 $ 4 2020 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 169 $ 167 $ 336 $ 45,161 $ 45,497 $ - Real estate - 1 to 4 family residential 1,523 176 1,699 211,863 213,562 6 Real estate - commercial 152 56 208 496,149 496,357 - Real estate - agricultural 574 1,618 2,192 149,800 151,992 - Commercial 283 3 286 122,249 122,535 3 Agricultural 79 458 537 102,049 102,586 30 Consumer and other 18 16 34 15,014 15,048 - $ 2,798 $ 2,494 $ 5,292 $ 1,142,285 $ 1,147,577 $ 39 |
Financing Receivable Credit Quality Indicators [Table Text Block] | 2021 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 44,565 $ 360,863 $ 123,723 $ 92,810 $ 81,986 $ 703,947 Watch 246 77,746 21,918 8,520 14,842 123,272 Special Mention 1,353 22,315 171 1,336 - 25,175 Substandard - 27,484 5,717 3,079 755 37,035 Substandard-Impaired - 10,153 628 271 650 11,702 $ 46,164 $ 498,561 $ 152,157 $ 106,016 $ 98,233 $ 901,131 2020 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 39,980 $ 346,591 $ 110,925 $ 101,858 $ 80,075 $ 679,429 Watch 5,350 88,113 33,144 15,897 20,793 163,297 Special Mention - 23,753 175 52 - 23,980 Substandard - 27,642 6,084 3,788 859 38,373 Substandard-Impaired 167 10,258 1,664 940 859 13,888 $ 45,497 $ 496,357 $ 151,992 $ 122,535 $ 102,586 $ 918,967 |
Credit Risk Profile Based on Payment Activity on Disaggregated Basis [Table Text Block] | 2021 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 225,725 $ 15,581 $ 241,306 Non-performing 958 41 999 $ 226,683 $ 15,622 $ 242,305 2020 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 212,282 $ 15,003 $ 227,285 Non-performing 1,280 45 1,325 $ 213,562 $ 15,048 $ 228,610 |
Note 8 - Intangible Assets (Tab
Note 8 - Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | 2021 2020 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 6,411 $ 3,774 $ 6,411 $ 3,493 Customer list 535 359 535 320 Total $ 6,946 $ 4,133 $ 6,946 $ 3,813 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Beginning intangible assets, net $ 2,973 $ 3,742 $ 3,133 $ 3,959 Amortization (160 ) (217 ) (320 ) (434 ) Ending intangible assets, net $ 2,813 $ 3,525 $ 2,813 $ 3,525 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | 2021 $ 308 2022 574 2023 502 2024 337 2025 300 2026 268 After 524 Total $ 2,813 |
Note 9 - Pledged Collateral R_2
Note 9 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block] | 2021 2020 Securities sold under agreements to repurchase: U.S. government treasuries $ 2,049 $ 2,069 U.S. government agencies 36,612 39,362 U.S. government mortgage-backed securities 12,686 14,320 Total pledged collateral $ 51,347 $ 55,751 |
Note 13 - Regulatory Matters (T
Note 13 - Regulatory Matters (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | To Be Well Capitalized Under Prompt Corrective Actual Action Provisions Amount Ratio Amount Ratio As of June 30, 2021: Community Bank Leverage Ratio: (Tier 1 capital to average assets for leverage ratio): Boone Bank & Trust $ 14,345 9.0 % $ 13,542 8.5 % First National Bank 90,457 8.5 90,814 8.5 Iowa State Savings Bank 22,305 9.0 20,949 8.5 Reliance State Bank 24,146 9.0 22,885 8.5 State Bank & Trust 17,950 8.3 18,390 8.5 United Bank & Trust 10,720 8.8 10,355 8.5 To Be Well Capitalized Under Prompt Corrective Actual Action Provisions Amount Ratio Amount Ratio As of December 31, 2020: Community Bank Leverage Ratio: (Tier 1 capital to average assets for leverage ratio): Boone Bank & Trust $ 13,967 9.2 % $ 12,170 8.0 % First National Bank 86,071 8.6 80,393 8.0 Iowa State Savings Bank 21,610 9.4 18,321 8.0 Reliance State Bank 23,278 9.4 19,741 8.0 State Bank & Trust 16,564 8.5 15,657 8.0 United Bank & Trust 10,539 9.2 9,180 8.0 |
Note 1 - Significant Accounti_2
Note 1 - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | May 31, 2020 | Jun. 30, 2021 |
Goodwill, Impairment Loss | $ 0 | $ 0 |
Note 2 - Dividends (Details Tex
Note 2 - Dividends (Details Textual) - $ / shares | Jul. 14, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 |
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.26 | $ 0 | $ 0.51 | $ 0.25 | |
Subsequent Event [Member] | |||||
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.26 | ||||
Dividends Payable, Date to be Paid | Aug. 13, 2021 | ||||
Dividends Payable, Date of Record | Jul. 30, 2021 |
Note 3 - Earnings Per Share (De
Note 3 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Weighted Average Number of Shares Outstanding, Basic and Diluted (in shares) | 9,122,747 | 9,128,848 | 9,122,747 | 9,174,021 |
Weighted Average Number Diluted Shares Outstanding Adjustment, Total (in shares) | 0 | 0 | 0 | 0 |
Note 5 - Fair Value Measureme_3
Note 5 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Available for sale securities | $ 740,102 | $ 596,999 |
US Treasury Securities [Member] | ||
Available for sale securities | 100,547 | 12,053 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 116,358 | 111,199 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 168,737 | 150,195 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 275,205 | 251,584 |
Corporate Debt Securities [Member] | ||
Available for sale securities | 79,255 | 71,968 |
Fair Value, Recurring [Member] | ||
Available for sale securities | 740,102 | 596,999 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 100,547 | 12,053 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 639,555 | 584,946 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | ||
Available for sale securities | 100,547 | 12,053 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 100,547 | 12,053 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 116,358 | 111,199 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 116,358 | 111,199 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 168,737 | 150,195 |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 168,737 | 150,195 |
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 275,205 | 251,584 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 275,205 | 251,584 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available for sale securities | 79,255 | 71,968 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 0 | 0 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 79,255 | 71,968 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available for sale securities | $ 0 | $ 0 |
Note 5 - Fair Value Measureme_4
Note 5 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Loans receivable | $ 8,751 | $ 10,306 |
Other real estate owned | 778 | 218 |
Total | 9,529 | 10,524 |
Fair Value, Inputs, Level 1 [Member] | ||
Loans receivable | 0 | 0 |
Other real estate owned | 0 | 0 |
Total | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Loans receivable | 0 | 0 |
Other real estate owned | 0 | 0 |
Total | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Loans receivable | 8,751 | 10,306 |
Other real estate owned | 778 | 218 |
Total | $ 9,529 | $ 10,524 |
Note 5 - Fair Value Measureme_5
Note 5 - Fair Value Measurements - Fair Value Quantitative Information (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Estimated Fair Value | $ 9,529 | $ 10,524 |
Fair Value, Inputs, Level 3 [Member] | ||
Estimated Fair Value | 9,529 | 10,524 |
Appraisal Valuation [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | ||
Estimated Fair Value | 8,751 | 10,306 |
Appraisal Valuation [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | ||
Estimated Fair Value | $ 778 | $ 218 |
Appraisal Valuation [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Minimum [Member] | ||
Unobservable Inputs, Rate | 6.00% | 6.00% |
Appraisal Valuation [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Maximum [Member] | ||
Unobservable Inputs, Rate | 8.00% | 8.00% |
Appraisal Valuation [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Weighted Average [Member] | ||
Unobservable Inputs, Rate | (7.00%) | (7.00%) |
Note 5 - Fair Value Measureme_6
Note 5 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Securities available-for-sale | $ 740,102 | $ 596,999 |
Accrued income receivable | 9,596 | 11,143 |
Reported Value Measurement [Member] | ||
Securities available-for-sale | 740,102 | 596,999 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 24,890 | 24,819 |
Interest-bearing deposits in financial institutions and federal funds sold | 141,282 | 166,704 |
Accrued income receivable | 9,596 | 11,143 |
Securities sold under agreements to repurchase | 33,268 | 37,293 |
Accrued interest payable | 532 | 829 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
FHLB and FRB stock | 3,427 | 3,148 |
Loans receivable, net | 1,124,435 | 1,129,505 |
Loans held for sale | 311 | 1,621 |
Deposits | 1,831,399 | 1,716,446 |
FHLB advances | 3,000 | 3,000 |
Estimate of Fair Value Measurement [Member] | ||
Securities available-for-sale | 740,102 | 596,999 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 24,890 | 24,819 |
Interest-bearing deposits in financial institutions and federal funds sold | 141,282 | 166,704 |
Accrued income receivable | 9,596 | 11,143 |
Securities sold under agreements to repurchase | 33,268 | 37,293 |
Accrued interest payable | 532 | 829 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
FHLB and FRB stock | 3,427 | 3,148 |
Loans receivable, net | 1,102,745 | 1,116,352 |
Loans held for sale | 311 | 1,621 |
Deposits | 1,833,779 | 1,720,023 |
FHLB advances | $ 3,069 | $ 3,111 |
Note 6 - Debt Securities (Detai
Note 6 - Debt Securities (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale, Restricted | $ 199,100 | $ 202,000 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $ 2,864 | $ 81 |
Note 6 - Debt Securities - Secu
Note 6 - Debt Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Amortized cost | $ 727,557 | $ 575,636 |
Gross unrealized gains | 15,409 | 21,444 |
Gross unrealized losses | (2,864) | (81) |
Estimated fair value | 740,102 | 596,999 |
US Treasury Securities [Member] | ||
Amortized cost | 100,543 | 11,725 |
Gross unrealized gains | 382 | 328 |
Gross unrealized losses | (378) | 0 |
Estimated fair value | 100,547 | 12,053 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost | 113,012 | 106,337 |
Gross unrealized gains | 3,703 | 4,875 |
Gross unrealized losses | (357) | (13) |
Estimated fair value | 116,358 | 111,199 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 168,068 | 146,889 |
Gross unrealized gains | 2,013 | 3,337 |
Gross unrealized losses | (1,344) | (31) |
Estimated fair value | 168,737 | 150,195 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost | 270,241 | 243,438 |
Gross unrealized gains | 5,692 | 8,182 |
Gross unrealized losses | (728) | (36) |
Estimated fair value | 275,205 | 251,584 |
Corporate Debt Securities [Member] | ||
Amortized cost | 75,693 | 67,247 |
Gross unrealized gains | 3,619 | 4,722 |
Gross unrealized losses | (57) | (1) |
Estimated fair value | $ 79,255 | $ 71,968 |
Note 6 - Debt Securities - Debt
Note 6 - Debt Securities - Debt Securities Available-for-sale (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Due in one year or less, Amortized cost | $ 57,814 | |
Due in one year or less, Estimated fair value | 58,258 | |
Due after one year through five years, Amortized cost | 295,926 | |
Due after one year through five years, Estimated fair value | 302,378 | |
Due after five years through ten years, Amortized cost | 337,265 | |
Due after five years through ten years, Estimated fair value | 342,042 | |
Due after ten years, Amortized cost | 36,552 | |
Due after ten years, Estimated fair value | 37,424 | |
Total, amortized cost | 727,557 | $ 575,636 |
Securities available-for-sale | $ 740,102 | $ 596,999 |
Note 6 - Debt Securities - Proc
Note 6 - Debt Securities - Proceeds, Gains and Losses From Securities Available-for-sale (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Proceeds from sales of securities available-for-sale | $ 0 | $ 2,078 | $ 0 | $ 5,463 |
Gross realized gains on securities available-for-sale | 0 | 44 | 0 | 430 |
Gross realized losses on securities available-for-sale | $ 0 | $ 0 | $ 0 | $ 0 |
Note 6 - Debt Securities - Se_2
Note 6 - Debt Securities - Securities Available-for-sale Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Less than 12 months, estimated fair value | $ 247,615 | $ 19,522 |
Less than 12 months, unrealized losses | (2,863) | (73) |
12 months or more, estimated fair value | 181 | 1,076 |
12 months or more, unrealized losses | (1) | (8) |
Total estimated fair value | 247,796 | 20,598 |
Total unrealized losses | (2,864) | (81) |
US Treasury Securities [Member] | ||
Less than 12 months, estimated fair value | 56,269 | |
Less than 12 months, unrealized losses | (378) | |
12 months or more, estimated fair value | 0 | |
12 months or more, unrealized losses | 0 | |
Total estimated fair value | 56,269 | |
Total unrealized losses | (378) | |
US Government Agencies Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 24,179 | 6,016 |
Less than 12 months, unrealized losses | (357) | (7) |
12 months or more, estimated fair value | 0 | 896 |
12 months or more, unrealized losses | 0 | (6) |
Total estimated fair value | 24,179 | 6,912 |
Total unrealized losses | (357) | (13) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, estimated fair value | 105,041 | 5,097 |
Less than 12 months, unrealized losses | (1,344) | (31) |
12 months or more, estimated fair value | 0 | 0 |
12 months or more, unrealized losses | 0 | 0 |
Total estimated fair value | 105,041 | 5,097 |
Total unrealized losses | (1,344) | (31) |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 57,806 | 7,875 |
Less than 12 months, unrealized losses | (727) | (34) |
12 months or more, estimated fair value | 181 | 180 |
12 months or more, unrealized losses | (1) | (2) |
Total estimated fair value | 57,987 | 8,055 |
Total unrealized losses | (728) | (36) |
Corporate Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 4,320 | 534 |
Less than 12 months, unrealized losses | (57) | (1) |
12 months or more, estimated fair value | 0 | 0 |
12 months or more, unrealized losses | 0 | 0 |
Total estimated fair value | 4,320 | 534 |
Total unrealized losses | $ (57) | $ (1) |
Note 7 - Loans Receivable and_3
Note 7 - Loans Receivable and Credit Disclosures (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($) | Dec. 31, 2020USD ($) | ||
Loans and Leases Receivable, Gross, Total | $ 1,143,436 | $ 1,143,436 | $ 1,143,436 | $ 1,147,577 | |||
Loans and Leases Receivable, Deferred Income, Total | [1] | 2,108 | 2,108 | 2,108 | 857 | ||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 170 | $ 312 | 369 | $ 501 | |||
Financing Receivable, Nonaccrual | 12,700 | 12,700 | 12,700 | 15,300 | |||
Financing Receivable, Troubled Debt Restructuring | 10,800 | $ 10,800 | $ 10,800 | $ 11,300 | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | |||||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 16 | $ 31 | ||||
Financing Receivables, Impaired, Troubled Debt Restructuring, Recoveries | $ 262 | ||||||
Financing Receivable, Modifications, Principal Balance, Number of Contracts | 4 | 4 | 4 | 24 | |||
Financing Receivable Modifications, Principal Balance | $ 15,300 | $ 15,300 | $ 15,300 | $ 45,900 | |||
Commercial Portfolio Segment [Member] | |||||||
Loans and Leases Receivable, Gross, Total | [2] | 106,016 | 106,016 | 106,016 | 122,535 | ||
SBA CARES Act Paycheck Protection Program Member | |||||||
Loans and Leases Receivable, Deferred Income, Total | 2,300 | 2,300 | 2,300 | 900 | |||
SBA CARES Act Paycheck Protection Program Member | Commercial Portfolio Segment [Member] | |||||||
Loans and Leases Receivable, Gross, Total | $ 37,600 | $ 37,600 | $ 37,600 | $ 50,900 | |||
[1] | Deferred loan fees and costs, net includes $2.3 million and $0.9 million of fees, net of costs, related to the PPP loans as of June 30, 2021 and December 31, 2020, respectively. | ||||||
[2] | Commercial loan portfolio includes $37.6 million and $50.9 million of Paycheck Protection Program ("PPP") loans as of June 30, 2021 and December 31, 2020, respectively. |
Note 7 - Loans Receivable and_4
Note 7 - Loans Receivable and Credit Disclosures - Composition of Loans Receivable (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | |
Loans receivable | $ 1,143,436 | $ 1,147,577 | |||||
Allowance for loan losses | (16,893) | $ (16,907) | (17,215) | $ (16,005) | $ (14,909) | $ (12,619) | |
Deferred loan fees and costs, net | [1] | (2,108) | (857) | ||||
Loans receivable, net | 1,124,435 | 1,129,505 | |||||
Construction Real Estate [Member] | |||||||
Loans receivable | 46,164 | 45,497 | |||||
Allowance for loan losses | (738) | (868) | (725) | (849) | (753) | (672) | |
Family Residential Real Estate 1-4 [Member] | |||||||
Loans receivable | 226,683 | 213,562 | |||||
Allowance for loan losses | (2,603) | (2,383) | (2,581) | (2,505) | (2,336) | (2,122) | |
Commercial Real Estate Portfolio Segment [Member] | |||||||
Loans receivable | 498,561 | 496,357 | |||||
Allowance for loan losses | (8,889) | (9,049) | (8,930) | (6,864) | (6,552) | (5,362) | |
Agriculture Real Estate [Member] | |||||||
Loans receivable | 152,157 | 151,992 | |||||
Allowance for loan losses | (1,614) | (1,498) | (1,595) | (1,713) | (1,563) | (1,326) | |
Commercial Portfolio Segment [Member] | |||||||
Loans receivable | [2] | 106,016 | 122,535 | ||||
Allowance for loan losses | (1,140) | (1,262) | (1,453) | (1,994) | (1,672) | (1,458) | |
Agriculture [Member] | |||||||
Loans receivable | 98,233 | 102,586 | |||||
Allowance for loan losses | (1,675) | (1,614) | (1,696) | (1,830) | (1,815) | (1,478) | |
Consumer and Other [Member] | |||||||
Loans receivable | 15,622 | 15,048 | |||||
Allowance for loan losses | $ (234) | $ (233) | $ (235) | $ (250) | $ (218) | $ (201) | |
[1] | Deferred loan fees and costs, net includes $2.3 million and $0.9 million of fees, net of costs, related to the PPP loans as of June 30, 2021 and December 31, 2020, respectively. | ||||||
[2] | Commercial loan portfolio includes $37.6 million and $50.9 million of Paycheck Protection Program ("PPP") loans as of June 30, 2021 and December 31, 2020, respectively. |
Note 7 - Loans Receivable and_5
Note 7 - Loans Receivable and Credit Disclosures - Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Balance | $ 16,907 | $ 14,909 | $ 17,215 | $ 12,619 |
Provision (credit) for loan losses | (20) | 1,567 | (446) | 3,883 |
Recoveries of loans charged-off | 13 | 7 | 282 | 14 |
Loans charged-off | (7) | (478) | (158) | (511) |
Balance | 16,893 | 16,005 | 16,893 | 16,005 |
Construction Real Estate [Member] | ||||
Balance | 868 | 753 | 725 | 672 |
Provision (credit) for loan losses | (130) | 96 | 13 | 176 |
Recoveries of loans charged-off | 0 | 0 | 0 | 1 |
Loans charged-off | 0 | 0 | 0 | 0 |
Balance | 738 | 849 | 738 | 849 |
Family Residential Real Estate 1-4 [Member] | ||||
Balance | 2,383 | 2,336 | 2,581 | 2,122 |
Provision (credit) for loan losses | 217 | 183 | (214) | 397 |
Recoveries of loans charged-off | 3 | 3 | 266 | 3 |
Loans charged-off | 0 | (17) | (30) | (17) |
Balance | 2,603 | 2,505 | 2,603 | 2,505 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Balance | 9,049 | 6,552 | 8,930 | 5,362 |
Provision (credit) for loan losses | (161) | 724 | (43) | 1,944 |
Recoveries of loans charged-off | 1 | 1 | 2 | 2 |
Loans charged-off | 0 | (413) | 0 | (444) |
Balance | 8,889 | 6,864 | 8,889 | 6,864 |
Agriculture Real Estate [Member] | ||||
Balance | 1,498 | 1,563 | 1,595 | 1,326 |
Provision (credit) for loan losses | 116 | 150 | 19 | 387 |
Recoveries of loans charged-off | 0 | 0 | 0 | 0 |
Loans charged-off | 0 | 0 | 0 | 0 |
Balance | 1,614 | 1,713 | 1,614 | 1,713 |
Commercial Portfolio Segment [Member] | ||||
Balance | 1,262 | 1,672 | 1,453 | 1,458 |
Provision (credit) for loan losses | (123) | 366 | (202) | 578 |
Recoveries of loans charged-off | 1 | 2 | 2 | 4 |
Loans charged-off | 0 | (46) | (113) | (46) |
Balance | 1,140 | 1,994 | 1,140 | 1,994 |
Agriculture [Member] | ||||
Balance | 1,614 | 1,815 | 1,696 | 1,478 |
Provision (credit) for loan losses | 56 | 15 | (26) | 352 |
Recoveries of loans charged-off | 5 | 0 | 5 | 0 |
Loans charged-off | 0 | 0 | 0 | 0 |
Balance | 1,675 | 1,830 | 1,675 | 1,830 |
Consumer and Other [Member] | ||||
Balance | 233 | 218 | 235 | 201 |
Provision (credit) for loan losses | 5 | 33 | 7 | 49 |
Recoveries of loans charged-off | 3 | 1 | 7 | 4 |
Loans charged-off | (7) | (2) | (15) | (4) |
Balance | $ 234 | $ 250 | $ 234 | $ 250 |
Note 7 - Loans Receivable and_6
Note 7 - Loans Receivable and Credit Disclosures - Allowance for Loan Losses Impairment Analysis (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Individually evaluated for impairment | $ 1,661 | $ 1,819 |
Collectively evaluated for impairment | 15,232 | 15,396 |
Balance | 16,893 | 17,215 |
Construction Real Estate [Member] | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 738 | 725 |
Balance | 738 | 725 |
Family Residential Real Estate 1-4 [Member] | ||
Individually evaluated for impairment | 15 | 150 |
Collectively evaluated for impairment | 2,588 | 2,431 |
Balance | 2,603 | 2,581 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for impairment | 1,486 | 1,486 |
Collectively evaluated for impairment | 7,403 | 7,444 |
Balance | 8,889 | 8,930 |
Agriculture Real Estate [Member] | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 1,614 | 1,595 |
Balance | 1,614 | 1,595 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for impairment | 0 | 115 |
Collectively evaluated for impairment | 1,140 | 1,338 |
Balance | 1,140 | 1,453 |
Agriculture [Member] | ||
Individually evaluated for impairment | 132 | 40 |
Collectively evaluated for impairment | 1,543 | 1,656 |
Balance | 1,675 | 1,696 |
Consumer and Other [Member] | ||
Individually evaluated for impairment | 28 | 28 |
Collectively evaluated for impairment | 206 | 207 |
Balance | $ 234 | $ 235 |
Note 7 - Loans Receivable and_7
Note 7 - Loans Receivable and Credit Disclosures - Loans Receivable Impairment Analysis (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 | |
Individually evaluated for impairment | $ 12,696 | $ 15,273 | |
Collectively evaluated for impairment | 1,130,740 | 1,132,304 | |
Balance | 1,143,436 | 1,147,577 | |
Construction Real Estate [Member] | |||
Individually evaluated for impairment | 0 | 167 | |
Collectively evaluated for impairment | 46,164 | 45,330 | |
Balance | 46,164 | 45,497 | |
Family Residential Real Estate 1-4 [Member] | |||
Individually evaluated for impairment | 953 | 1,340 | |
Collectively evaluated for impairment | 225,730 | 212,222 | |
Balance | 226,683 | 213,562 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Individually evaluated for impairment | 10,153 | 10,258 | |
Collectively evaluated for impairment | 488,408 | 486,099 | |
Balance | 498,561 | 496,357 | |
Agriculture Real Estate [Member] | |||
Individually evaluated for impairment | 628 | 1,664 | |
Collectively evaluated for impairment | 151,529 | 150,328 | |
Balance | 152,157 | 151,992 | |
Commercial Portfolio Segment [Member] | |||
Individually evaluated for impairment | 271 | 940 | |
Collectively evaluated for impairment | 105,745 | 121,595 | |
Balance | [1] | 106,016 | 122,535 |
Agriculture [Member] | |||
Individually evaluated for impairment | 650 | 859 | |
Collectively evaluated for impairment | 97,583 | 101,727 | |
Balance | 98,233 | 102,586 | |
Consumer and Other [Member] | |||
Individually evaluated for impairment | 41 | 45 | |
Collectively evaluated for impairment | 15,581 | 15,003 | |
Balance | $ 15,622 | $ 15,048 | |
[1] | Commercial loan portfolio includes $37.6 million and $50.9 million of Paycheck Protection Program ("PPP") loans as of June 30, 2021 and December 31, 2020, respectively. |
Note 7 - Loans Receivable and_8
Note 7 - Loans Receivable and Credit Disclosures - Impaired Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Impaired financing receivable with no related allowance, recorded investment | $ 2,284 | $ 3,148 |
Impaired financing receivable with no related allowance, unpaid principal balance | 2,656 | 3,788 |
Impaired financing receivable with related allowance, recorded investment | 10,412 | 12,125 |
Impaired financing receivable with related allowance, unpaid principal balance | 10,559 | 13,205 |
Impaired financing receivable, related allowance | 1,661 | 1,819 |
Impaired financing receivable, recorded investment | 12,696 | 15,273 |
Impaired financing receivable, unpaid principal balance | 13,215 | 16,993 |
Construction Real Estate [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 0 | 167 |
Impaired financing receivable with no related allowance, unpaid principal balance | 0 | 167 |
Impaired financing receivable with related allowance, recorded investment | 0 | 0 |
Impaired financing receivable with related allowance, unpaid principal balance | 0 | 0 |
Impaired financing receivable, related allowance | 0 | 0 |
Impaired financing receivable, recorded investment | 0 | 167 |
Impaired financing receivable, unpaid principal balance | 0 | 167 |
Family Residential Real Estate 1-4 [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 932 | 416 |
Impaired financing receivable with no related allowance, unpaid principal balance | 995 | 475 |
Impaired financing receivable with related allowance, recorded investment | 21 | 924 |
Impaired financing receivable with related allowance, unpaid principal balance | 21 | 1,278 |
Impaired financing receivable, related allowance | 15 | 150 |
Impaired financing receivable, recorded investment | 953 | 1,340 |
Impaired financing receivable, unpaid principal balance | 1,016 | 1,753 |
Commercial Real Estate Portfolio Segment [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 137 | 242 |
Impaired financing receivable with no related allowance, unpaid principal balance | 167 | 578 |
Impaired financing receivable with related allowance, recorded investment | 10,016 | 10,016 |
Impaired financing receivable with related allowance, unpaid principal balance | 10,157 | 10,157 |
Impaired financing receivable, related allowance | 1,486 | 1,486 |
Impaired financing receivable, recorded investment | 10,153 | 10,258 |
Impaired financing receivable, unpaid principal balance | 10,324 | 10,735 |
Agriculture Real Estate [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 628 | 1,664 |
Impaired financing receivable with no related allowance, unpaid principal balance | 684 | 1,698 |
Impaired financing receivable with related allowance, recorded investment | 0 | 0 |
Impaired financing receivable with related allowance, unpaid principal balance | 0 | 0 |
Impaired financing receivable, related allowance | 0 | 0 |
Impaired financing receivable, recorded investment | 628 | 1,664 |
Impaired financing receivable, unpaid principal balance | 684 | 1,698 |
Commercial Portfolio Segment [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 271 | 274 |
Impaired financing receivable with no related allowance, unpaid principal balance | 302 | 318 |
Impaired financing receivable with related allowance, recorded investment | 0 | 666 |
Impaired financing receivable with related allowance, unpaid principal balance | 0 | 1,247 |
Impaired financing receivable, related allowance | 0 | 115 |
Impaired financing receivable, recorded investment | 271 | 940 |
Impaired financing receivable, unpaid principal balance | 302 | 1,565 |
Agriculture [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 312 | 377 |
Impaired financing receivable with no related allowance, unpaid principal balance | 504 | 542 |
Impaired financing receivable with related allowance, recorded investment | 338 | 482 |
Impaired financing receivable with related allowance, unpaid principal balance | 342 | 484 |
Impaired financing receivable, related allowance | 132 | 40 |
Impaired financing receivable, recorded investment | 650 | 859 |
Impaired financing receivable, unpaid principal balance | 846 | 1,026 |
Consumer and Other [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 4 | 8 |
Impaired financing receivable with no related allowance, unpaid principal balance | 4 | 10 |
Impaired financing receivable with related allowance, recorded investment | 37 | 37 |
Impaired financing receivable with related allowance, unpaid principal balance | 39 | 39 |
Impaired financing receivable, related allowance | 28 | 28 |
Impaired financing receivable, recorded investment | 41 | 45 |
Impaired financing receivable, unpaid principal balance | $ 43 | $ 49 |
Note 7 - Loans Receivable and_9
Note 7 - Loans Receivable and Credit Disclosures - Average Recorded Investment and Interest Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Impaired financing receivable, with no related allowance, average recorded investment | $ 2,578 | $ 15,075 | $ 2,766 | $ 11,397 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 12 | 2 | 347 | 8 |
Impaired financing receivable, with related allowance, average recorded investment | 10,484 | 2,733 | 11,031 | 2,069 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired financing receivable, average recorded investment | 13,062 | 17,808 | 13,797 | 13,466 |
Impaired financing receivable, interest income, accrual method | 12 | 2 | 347 | 8 |
Construction Real Estate [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 84 | 0 | 111 | 0 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired financing receivable, with related allowance, average recorded investment | 0 | 0 | 0 | 0 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired financing receivable, average recorded investment | 84 | 0 | 111 | 0 |
Impaired financing receivable, interest income, accrual method | 0 | 0 | 0 | 0 |
Family Residential Real Estate 1-4 [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 619 | 164 | 551 | 263 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 11 | 0 | 11 | 0 |
Impaired financing receivable, with related allowance, average recorded investment | 57 | 1,031 | 346 | 935 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired financing receivable, average recorded investment | 676 | 1,195 | 897 | 1,198 |
Impaired financing receivable, interest income, accrual method | 11 | 0 | 11 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 139 | 10,877 | 173 | 7,279 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 0 | 297 | 0 |
Impaired financing receivable, with related allowance, average recorded investment | 10,016 | 488 | 10,016 | 325 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired financing receivable, average recorded investment | 10,155 | 11,365 | 10,189 | 7,604 |
Impaired financing receivable, interest income, accrual method | 0 | 0 | 297 | 0 |
Agriculture Real Estate [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 860 | 1,429 | 1,128 | 980 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 0 | 25 | 6 |
Impaired financing receivable, with related allowance, average recorded investment | 0 | 0 | 0 | 0 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired financing receivable, average recorded investment | 860 | 1,429 | 1,128 | 980 |
Impaired financing receivable, interest income, accrual method | 0 | 0 | 25 | 6 |
Commercial Portfolio Segment [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 544 | 468 | 454 | 466 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 2 | 0 | 2 |
Impaired financing receivable, with related allowance, average recorded investment | 0 | 710 | 222 | 473 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired financing receivable, average recorded investment | 544 | 1,178 | 676 | 939 |
Impaired financing receivable, interest income, accrual method | 0 | 2 | 0 | 2 |
Agriculture [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 328 | 2,092 | 344 | 2,378 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 1 | 0 | 14 | 0 |
Impaired financing receivable, with related allowance, average recorded investment | 371 | 495 | 408 | 330 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired financing receivable, average recorded investment | 699 | 2,587 | 752 | 2,708 |
Impaired financing receivable, interest income, accrual method | 1 | 0 | 14 | 0 |
Consumer and Other [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 4 | 45 | 5 | 31 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired financing receivable, with related allowance, average recorded investment | 40 | 9 | 39 | 6 |
Impaired financing receivable, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired financing receivable, average recorded investment | 44 | 54 | 44 | 37 |
Impaired financing receivable, interest income, accrual method | $ 0 | $ 0 | $ 0 | $ 0 |
Note 7 - Loans Receivable an_10
Note 7 - Loans Receivable and Credit Disclosures - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | |
Financing receivable modifications, number of contracts | 1 | 0 | 4 | 2 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 425 | $ 0 | $ 636 | $ 245 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 425 | $ 0 | $ 636 | $ 245 |
Construction Real Estate [Member] | ||||
Financing receivable modifications, number of contracts | 0 | 0 | 0 | 0 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 0 | $ 0 | $ 0 | $ 0 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 0 | $ 0 | $ 0 | $ 0 |
Family Residential Real Estate 1-4 [Member] | ||||
Financing receivable modifications, number of contracts | 1 | 0 | 3 | 0 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 425 | $ 0 | $ 578 | $ 0 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 425 | $ 0 | $ 578 | $ 0 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing receivable modifications, number of contracts | 0 | 0 | 0 | 1 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 0 | $ 0 | $ 0 | $ 184 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 0 | $ 0 | $ 0 | $ 184 |
Agriculture Real Estate [Member] | ||||
Financing receivable modifications, number of contracts | 0 | 0 | 0 | 0 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 0 | $ 0 | $ 0 | $ 0 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | ||||
Financing receivable modifications, number of contracts | 0 | 0 | 1 | 1 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 0 | $ 0 | $ 58 | $ 61 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 0 | $ 0 | $ 58 | $ 61 |
Agriculture [Member] | ||||
Financing receivable modifications, number of contracts | 0 | 0 | 0 | 0 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 0 | $ 0 | $ 0 | $ 0 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 0 | $ 0 | $ 0 | $ 0 |
Consumer and Other [Member] | ||||
Financing receivable modifications, number of contracts | 0 | 0 | 0 | 0 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 0 | $ 0 | $ 0 | $ 0 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 0 | $ 0 | $ 0 | $ 0 |
Note 7 - Loans Receivable an_11
Note 7 - Loans Receivable and Credit Disclosures - Past Due Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 | |
Loans receivable | $ 1,143,436 | $ 1,147,577 | |
Financing receivable, recorded investment, 90 days past due and still accruing | 4 | 39 | |
Construction Real Estate [Member] | |||
Loans receivable | 46,164 | 45,497 | |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 | |
Family Residential Real Estate 1-4 [Member] | |||
Loans receivable | 226,683 | 213,562 | |
Financing receivable, recorded investment, 90 days past due and still accruing | 4 | 6 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 498,561 | 496,357 | |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 | |
Agriculture Real Estate [Member] | |||
Loans receivable | 152,157 | 151,992 | |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 | |
Commercial Portfolio Segment [Member] | |||
Loans receivable | [1] | 106,016 | 122,535 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 3 | |
Agriculture [Member] | |||
Loans receivable | 98,233 | 102,586 | |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 30 | |
Consumer and Other [Member] | |||
Loans receivable | 15,622 | 15,048 | |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 | |
Financing Receivables 30 to 89 Days Past Due [Member] | |||
Loans receivable | 4,811 | 2,798 | |
Financing Receivables 30 to 89 Days Past Due [Member] | Construction Real Estate [Member] | |||
Loans receivable | 0 | 169 | |
Financing Receivables 30 to 89 Days Past Due [Member] | Family Residential Real Estate 1-4 [Member] | |||
Loans receivable | 791 | 1,523 | |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 2,525 | 152 | |
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture Real Estate [Member] | |||
Loans receivable | 577 | 574 | |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Loans receivable | 828 | 283 | |
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture [Member] | |||
Loans receivable | 67 | 79 | |
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer and Other [Member] | |||
Loans receivable | 23 | 18 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans receivable | 408 | 2,494 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Real Estate [Member] | |||
Loans receivable | 0 | 167 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Family Residential Real Estate 1-4 [Member] | |||
Loans receivable | 103 | 176 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 0 | 56 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Agriculture Real Estate [Member] | |||
Loans receivable | 0 | 1,618 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Loans receivable | 6 | 3 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Agriculture [Member] | |||
Loans receivable | 294 | 458 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer and Other [Member] | |||
Loans receivable | 5 | 16 | |
Financial Asset, Past Due [Member] | |||
Loans receivable | 5,219 | 5,292 | |
Financial Asset, Past Due [Member] | Construction Real Estate [Member] | |||
Loans receivable | 0 | 336 | |
Financial Asset, Past Due [Member] | Family Residential Real Estate 1-4 [Member] | |||
Loans receivable | 894 | 1,699 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 2,525 | 208 | |
Financial Asset, Past Due [Member] | Agriculture Real Estate [Member] | |||
Loans receivable | 577 | 2,192 | |
Financial Asset, Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Loans receivable | 834 | 286 | |
Financial Asset, Past Due [Member] | Agriculture [Member] | |||
Loans receivable | 361 | 537 | |
Financial Asset, Past Due [Member] | Consumer and Other [Member] | |||
Loans receivable | 28 | 34 | |
Financial Asset, Not Past Due [Member] | |||
Loans receivable | 1,138,217 | 1,142,285 | |
Financial Asset, Not Past Due [Member] | Construction Real Estate [Member] | |||
Loans receivable | 46,164 | 45,161 | |
Financial Asset, Not Past Due [Member] | Family Residential Real Estate 1-4 [Member] | |||
Loans receivable | 225,789 | 211,863 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 496,036 | 496,149 | |
Financial Asset, Not Past Due [Member] | Agriculture Real Estate [Member] | |||
Loans receivable | 151,580 | 149,800 | |
Financial Asset, Not Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Loans receivable | 105,182 | 122,249 | |
Financial Asset, Not Past Due [Member] | Agriculture [Member] | |||
Loans receivable | 97,872 | 102,049 | |
Financial Asset, Not Past Due [Member] | Consumer and Other [Member] | |||
Loans receivable | $ 15,594 | $ 15,014 | |
[1] | Commercial loan portfolio includes $37.6 million and $50.9 million of Paycheck Protection Program ("PPP") loans as of June 30, 2021 and December 31, 2020, respectively. |
Note 7 - Loans Receivable an_12
Note 7 - Loans Receivable and Credit Disclosures - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Loan and lease receivable other than consumer and residential | $ 901,131 | $ 918,967 |
Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 703,947 | 679,429 |
Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 123,272 | 163,297 |
Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 25,175 | 23,980 |
Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 37,035 | 38,373 |
Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 11,702 | 13,888 |
Construction Real Estate [Member] | ||
Loan and lease receivable other than consumer and residential | 46,164 | 45,497 |
Construction Real Estate [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 44,565 | 39,980 |
Construction Real Estate [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 246 | 5,350 |
Construction Real Estate [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 1,353 | 0 |
Construction Real Estate [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | 0 |
Construction Real Estate [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | 167 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loan and lease receivable other than consumer and residential | 498,561 | 496,357 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 360,863 | 346,591 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 77,746 | 88,113 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 22,315 | 23,753 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 27,484 | 27,642 |
Commercial Real Estate Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 10,153 | 10,258 |
Agriculture Real Estate [Member] | ||
Loan and lease receivable other than consumer and residential | 152,157 | 151,992 |
Agriculture Real Estate [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 123,723 | 110,925 |
Agriculture Real Estate [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 21,918 | 33,144 |
Agriculture Real Estate [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 171 | 175 |
Agriculture Real Estate [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 5,717 | 6,084 |
Agriculture Real Estate [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 628 | 1,664 |
Commercial Portfolio Segment [Member] | ||
Loan and lease receivable other than consumer and residential | 106,016 | 122,535 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 92,810 | 101,858 |
Commercial Portfolio Segment [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 8,520 | 15,897 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 1,336 | 52 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 3,079 | 3,788 |
Commercial Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 271 | 940 |
Agriculture [Member] | ||
Loan and lease receivable other than consumer and residential | 98,233 | 102,586 |
Agriculture [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 81,986 | 80,075 |
Agriculture [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 14,842 | 20,793 |
Agriculture [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | 0 |
Agriculture [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 755 | 859 |
Agriculture [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | $ 650 | $ 859 |
Note 7 - Loans Receivable an_13
Note 7 - Loans Receivable and Credit Disclosures - Credit Risk Profile Based on Payment Activity (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Loan and lease receivable, consumer and residential | $ 242,305 | $ 228,610 |
Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 241,306 | 227,285 |
Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 999 | 1,325 |
Family Residential Real Estate 1-4 [Member] | ||
Loan and lease receivable, consumer and residential | 226,683 | 213,562 |
Family Residential Real Estate 1-4 [Member] | Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 225,725 | 212,282 |
Family Residential Real Estate 1-4 [Member] | Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 958 | 1,280 |
Consumer and Other [Member] | ||
Loan and lease receivable, consumer and residential | 15,622 | 15,048 |
Consumer and Other [Member] | Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 15,581 | 15,003 |
Consumer and Other [Member] | Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | $ 41 | $ 45 |
Note 8 - Intangible Assets (Det
Note 8 - Intangible Assets (Details Textual) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2021 | Dec. 31, 2020 | |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year) | 4 years | 4 years |
Note 8 - Intangible Assets - In
Note 8 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Intangible asset, gross amount | $ 6,946 | $ 6,946 |
Intangible asset, accumulated amortization | 4,133 | 3,813 |
Core Deposits [Member] | ||
Intangible asset, gross amount | 6,411 | 6,411 |
Intangible asset, accumulated amortization | 3,774 | 3,493 |
Customer Lists [Member] | ||
Intangible asset, gross amount | 535 | 535 |
Intangible asset, accumulated amortization | $ 359 | $ 320 |
Note 8 - Intangible Assets - Co
Note 8 - Intangible Assets - Core Deposit Intangible Assets Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Beginning intangible assets, net | $ 3,133 | |||
Amortization | $ (160) | $ (217) | (320) | $ (434) |
Ending intangible assets, net | 2,813 | 2,813 | ||
Core Deposits [Member] | ||||
Beginning intangible assets, net | 2,973 | 3,742 | 3,133 | 3,959 |
Amortization | (160) | (217) | (320) | (434) |
Ending intangible assets, net | $ 2,813 | $ 3,525 | $ 2,813 | $ 3,525 |
Note 8 - Intangible Assets - Es
Note 8 - Intangible Assets - Estimated Remaining Amortization Expense on Intangible Assets on Core Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Total | $ 2,813 | $ 3,133 | ||||
Core Deposits [Member] | ||||||
2021 | 308 | |||||
2022 | 574 | |||||
2023 | 502 | |||||
2024 | 337 | |||||
2025 | 300 | |||||
2026 | 268 | |||||
After | 524 | |||||
Total | $ 2,813 | $ 2,973 | $ 3,133 | $ 3,525 | $ 3,742 | $ 3,959 |
Note 9 - Pledged Collateral R_3
Note 9 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements - Pledged Collateral at Estimated Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Maturity Overnight [Member] | ||
Securities sold under agreements to repurchase | $ 51,347 | |
Maturity Overnight [Member] | US Treasury and Government [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 2,049 | |
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 | 36,612 | |
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 | $ 12,686 | |
Maturity Greater than 90 Days [Member] | ||
Securities sold under agreements to repurchase | $ 55,751 | |
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 | 2,069 | |
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 | 39,362 | |
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 | $ 14,320 |
Note 10 - Borrowings (Details T
Note 10 - Borrowings (Details Textual) - Line of Credit [Member] - USD ($) | Jun. 11, 2021 | Jun. 30, 2021 |
Debt Instrument, Term (Year) | 5 years | |
Line of Credit Facility, Maximum Borrowing Capacity | $ 4,000,000 | |
Long-term Line of Credit, Total | $ 0 |
Note 12 - Commitments, Contin_2
Note 12 - Commitments, Contingencies and Concentrations of Credit Risk (Details Textual) - USD ($) $ in Millions | Jun. 30, 2021 | Apr. 16, 2021 |
Commitment to Build New Branch in West Des Moines, Iowa [Member] | ||
Other Commitment, Total | $ 1.7 | $ 1.7 |
Note 13 - Regulatory Matters -
Note 13 - Regulatory Matters - Actual Capital Amounts and Ratios (Details) $ in Thousands | Jun. 30, 2021USD ($) | Dec. 31, 2020USD ($) |
Boone Bank and Trust [Member] | ||
Tier one leverage capital | $ 14,345 | $ 13,967 |
Tier one leverage capital to average assets | 0.090 | 0.092 |
Tier one leverage capital required to be well capitalized | $ 13,542 | $ 12,170 |
Tier one leverage capital required to be well capitalized to average assets | 0.085 | 0.080 |
First National Bank [Member] | Also Conducts Business Out of 3 Full Service Offices in Des Moines Metro Area [Member] | ||
Tier one leverage capital | $ 90,457 | $ 86,071 |
Tier one leverage capital to average assets | 0.085 | 0.086 |
Tier one leverage capital required to be well capitalized | $ 90,814 | $ 80,393 |
Tier one leverage capital required to be well capitalized to average assets | 0.085 | 0.080 |
Iowa State Savings Bank [Member] | ||
Tier one leverage capital | $ 22,305 | $ 21,610 |
Tier one leverage capital to average assets | 0.090 | 0.094 |
Tier one leverage capital required to be well capitalized | $ 20,949 | $ 18,321 |
Tier one leverage capital required to be well capitalized to average assets | 0.085 | 0.080 |
Reliance State Bank [Member] | Conducts Business Out of Offices at Story City, Garner, and Kleme, Iowa [Member] | ||
Tier one leverage capital | $ 24,146 | $ 23,278 |
Tier one leverage capital to average assets | 0.090 | 0.094 |
Tier one leverage capital required to be well capitalized | $ 22,885 | $ 19,741 |
Tier one leverage capital required to be well capitalized to average assets | 0.085 | 0.080 |
State Bank and Trust [Member] | ||
Tier one leverage capital | $ 17,950 | $ 16,564 |
Tier one leverage capital to average assets | 0.083 | 0.085 |
Tier one leverage capital required to be well capitalized | $ 18,390 | $ 15,657 |
Tier one leverage capital required to be well capitalized to average assets | 0.085 | 0.080 |
United Bank and Trust [Member] | ||
Tier one leverage capital | $ 10,720 | $ 10,539 |
Tier one leverage capital to average assets | 0.088 | 0.092 |
Tier one leverage capital required to be well capitalized | $ 10,355 | $ 9,180 |
Tier one leverage capital required to be well capitalized to average assets | 0.085 | 0.080 |