Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Jul. 30, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | Colony Bankcorp Inc | |
Entity Central Index Key | 0000711669 | |
Trading Symbol | cban | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 9,498,937 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
ASSETS | ||
Cash and Due from Banks | $ 13,911 | $ 10,377 |
Interest-Bearing Deposits in Banks | 58,617 | 49,779 |
Federal Funds Sold | 2,884 | |
Cash and Cash Equivalents | 75,412 | 60,156 |
Investment Securities Available for Sale, at Fair Value | 409,839 | 353,066 |
Other Investments, at Cost | 3,261 | 2,978 |
Loans Held for Sale | 3,813 | |
Loans | 935,271 | 782,027 |
Unearned Interest and Fees | (565) | (501) |
Allowance for Loan Losses | (6,789) | (7,277) |
Loans, Net | 927,917 | 774,249 |
Premises and Equipment | 32,909 | 28,831 |
Other Real Estate (Net of Allowance of $950 and $877 as of June 30, 2019 and December 31, 2018, Respectively) | 987 | 1,841 |
Goodwill | 16,134 | 202 |
Other Intangible Assets | 3,481 | 556 |
Bank-Owned Life Insurance | 21,357 | 17,598 |
Other Assets | 11,862 | 12,401 |
Total Assets | 1,506,972 | 1,251,878 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
Noninterest-Bearing | 232,311 | 192,847 |
Interest-Bearing | 1,065,412 | 892,278 |
Total Deposits | 1,297,723 | 1,085,125 |
Subordinated Debentures | 24,229 | 24,229 |
Other Borrowed Money | 55,063 | 44,000 |
Other Liabilities | 3,448 | 2,832 |
Total Liabilities | 1,380,463 | 1,156,186 |
Stockholders' Equity | ||
Common Stock, Par Value $1 per Share; Authorized 20,000,000 Shares, 9,498,937 and 8,444,908 Shares Issued as of June 30, 2019 and December 31, 2018, Respectively | 9,499 | 8,445 |
Paid-In Capital | 43,650 | 25,978 |
Retained Earnings | 73,129 | 69,459 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 231 | (8,190) |
Total Stockholders' Equity | 126,509 | 95,692 |
Total Liabilities and Stockholders' Equity | $ 1,506,972 | $ 1,251,878 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Other Real Estate, Allowance | $ 950 | $ 877 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 20,000,000 | 20,000,000 |
Common stock, shares issued (in shares) | 9,498,937 | 8,444,908 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Interest Income | ||||
Loans, Including Fees | $ 12,294 | $ 10,065 | $ 22,764 | $ 19,793 |
Loans Held for Sale | 19 | 19 | ||
Deposits with Other Banks | 281 | 69 | 563 | 144 |
Investment Securities: | ||||
U.S. Government Agencies | 2,352 | 1,877 | 4,508 | 3,788 |
State, County and Municipal | 33 | 25 | 58 | 52 |
Corporate Bonds | 31 | 29 | 58 | 57 |
Federal Funds Sold | 41 | 41 | ||
Dividends on Other Investments | 47 | 44 | 100 | 85 |
Total Interest Income | 15,098 | 12,109 | 28,111 | 23,919 |
Interest Expense | ||||
Deposits | 2,632 | 1,401 | 4,754 | 2,601 |
Federal Funds Purchased | 1 | 1 | ||
Borrowed Money | 641 | 542 | 1,175 | 1,023 |
Total Interest Expense | 3,273 | 1,944 | 5,929 | 3,625 |
Net Interest Income | 11,825 | 10,165 | 22,182 | 20,294 |
Provision for Loan Losses | 179 | 44 | 310 | 70 |
Net Interest Income After Provision for Loan Losses | 11,646 | 10,121 | 21,872 | 20,224 |
Noninterest Income | ||||
Securities Gains | 65 | 116 | 65 | 116 |
Other | 1,211 | 173 | 1,538 | 568 |
Total Noninterest Income | 4,000 | 2,324 | 6,334 | 4,758 |
Noninterest Expenses | ||||
Salaries and Employee Benefits | 6,292 | 5,002 | 11,663 | 9,922 |
Occupancy and Equipment | 1,144 | 979 | 2,169 | 2,025 |
Acquisition Related Expenses | 1,928 | 1,961 | ||
Deposit Intangible Expenses | 148 | 9 | 176 | 18 |
Other | 3,502 | 2,611 | 6,071 | 5,172 |
Total Noninterest Expense | 13,014 | 8,601 | 22,040 | 17,137 |
Income Before Income Taxes | 2,632 | 3,844 | 6,166 | 7,845 |
Income Taxes | 531 | 775 | 1,230 | 1,588 |
Net Income | $ 2,101 | $ 3,069 | $ 4,936 | $ 6,257 |
Net Income Per Share of Common Stock | ||||
Basic (in dollars per share) | $ 0.23 | $ 0.36 | $ 0.56 | $ 0.74 |
Diluted (in dollars per share) | 0.23 | 0.36 | 0.56 | 0.72 |
Cash Dividends Paid Per Share of Common Stock (in dollars per share) | $ 0.075 | $ 0.05 | $ 0.15 | $ 0.10 |
Weighted Average Basic Shares Outstanding (in shares) | 9,089,461 | 8,439,258 | 8,764,909 | 8,439,258 |
Weighted Average Diluted Shares Outstanding (in shares) | 9,089,461 | 8,612,352 | 8,764,909 | 8,634,865 |
Deposit Account [Member] | ||||
Noninterest Income | ||||
Non interest revenue from banking services | $ 1,070 | $ 1,031 | $ 2,034 | $ 2,132 |
Bank Servicing [Member] | ||||
Noninterest Income | ||||
Non interest revenue from banking services | 1,110 | 822 | 2,010 | 1,611 |
Mortgage Banking [Member] | ||||
Noninterest Income | ||||
Non interest revenue from banking services | $ 544 | $ 182 | $ 687 | $ 331 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Net Income | $ 2,101 | $ 3,069 | $ 4,936 | $ 6,257 |
Other Comprehensive Income: | ||||
Gains (Losses) on Securities Arising During the Period | 6,720 | (1,392) | 10,724 | (5,346) |
Tax Effect | (1,411) | 293 | (2,252) | 1,123 |
Realized Gains on Sale of AFS Securities | (65) | (116) | (65) | (116) |
Tax Effect | 14 | 24 | 14 | 24 |
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects | 5,258 | (1,191) | 8,421 | (4,315) |
Comprehensive Income | $ 7,359 | $ 1,878 | $ 13,357 | $ 1,942 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ 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, 2017 | 8,439 | ||||
Balance at Dec. 31, 2017 | $ 8,439 | $ 29,145 | $ 59,230 | $ (6,491) | $ 90,323 |
Change in Net Unrealized (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects | (4,315) | (4,315) | |||
Dividends on Common Shares | (844) | (844) | |||
Repurchase of Warrants | (3,175) | (3,175) | |||
Net Income | 6,257 | 6,257 | |||
Balance (in shares) at Jun. 30, 2018 | 8,439 | ||||
Balance at Jun. 30, 2018 | $ 8,439 | 25,970 | 64,643 | (10,806) | 88,246 |
Balance (in shares) at Dec. 31, 2018 | 8,445 | ||||
Balance at Dec. 31, 2018 | $ 8,445 | 25,978 | 69,459 | (8,190) | 95,692 |
Change in Net Unrealized (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects | 8,421 | 8,421 | |||
Dividends on Common Shares | (1,266) | (1,266) | |||
Net Income | 4,936 | 4,936 | |||
Stock-based Compensation Expense | 17 | 17 | |||
Issuance of Common Stock (in shares) | 1,054 | ||||
Issuance of Common Stock | $ 1,054 | 17,655 | 18,709 | ||
Balance (in shares) at Jun. 30, 2019 | 9,499 | ||||
Balance at Jun. 30, 2019 | $ 9,499 | $ 43,650 | $ 73,129 | $ 231 | $ 126,509 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net Income | $ 4,936,000 | $ 6,257,000 |
Adjustments to Reconcile Net Income to Net Cash | ||
Depreciation | 903,000 | 867,000 |
Share-based Compensation Expense | 17,000 | |
Provision for Loan Losses | 310,000 | 70,000 |
Securities (Gains) | (65,000) | (116,000) |
Amortization and Accretion | 483,000 | 591,000 |
(Gain) on Sale of Other Real Estate and Repossessions | (937,000) | (120,000) |
Provision for Losses on Other Real Estate | 104,000 | 157,000 |
(Increase) in Cash Surrender Value of Life Insurance | (316,000) | (261,000) |
(Gain) on Sale of Premises & Equipment | (2,000) | |
Provision for Losses on Premises & Equipment | 151,000 | 3,000 |
Originations of Loans Held for Sale | (13,404,000) | |
Proceeds from Sales of Loans Held for Sale | 9,591,000 | |
Other Prepaids, Deferrals and Accruals, Net | 1,647,000 | 465,000 |
Net Cash Provided by Operating Activities | 3,418,000 | 7,913,000 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchases of Investment Securities Available for Sale | (82,057,000) | (19,257,000) |
Proceeds from Maturities, Calls, and Paydowns of Investment Securities: Available for Sale | 27,373,000 | 24,379,000 |
Proceeds from Sale of Investment Securities Available for Sale | 56,821,000 | 11,268,000 |
Proceeds from Sale of Investment Securities Held to Maturity | 1,766,000 | 0 |
Net Loans to Customers | (23,474,000) | (2,560,000) |
Purchase of Premises and Equipment | (2,576,000) | (1,869,000) |
Proceeds from Sale of Other Real Estate and Repossessions | 2,143,000 | 1,236,000 |
Proceeds from Cash Surrender Value of Life Insurance | 535,000 | |
Redemption Federal Home Loan Bank Stock | 195,000 | |
(Purchase of) Federal Home Loan Bank Stock | (339,000) | |
Proceeds from Sale of Premises and Equipment | 37,000 | |
Net Cash and Cash Equivalents Paid in Acquisition | (467,000) | |
Net Cash (Used in) Provided by Investing Activities | (19,704,000) | 12,858,000 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Noninterest-Bearing Customer Deposits | 8,017,000 | (13,592,000) |
Interest-Bearing Customer Deposits | 14,728,000 | (18,507,000) |
Dividends Paid for Common Stock | (1,266,000) | (844,000) |
Repurchase of Warrants | (3,175,000) | |
Payments on Federal Home Loan Bank Advances | (5,000,000) | (2,500,000) |
Proceeds from Federal Home Loan Bank Advances | 10,000,000 | |
Payments on Other Borrowed Money | (250,000) | (1,500,000) |
Proceeds from Other Borrowed Money | 15,313,000 | 7,000 |
Net Cash (Used in) Provided by Financing Activities | 31,542,000 | (30,111,000) |
Net Increase (Decrease) in Cash and Cash Equivalents | 15,256,000 | (9,340,000) |
Cash and Cash Equivalents at Beginning of Period | 60,156,000 | 57,813,000 |
Cash and Cash Equivalents at End of Period | $ 75,412,000 | $ 48,473,000 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | ( 1 ) Summary of Significant Accounting Policies Presentation Colony Bankcorp, Inc. (the “Company”) is a bank holding company located in Fitzgerald, Georgia. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Colony Bank, Fitzgerald, Georgia (the “Bank”). All significant intercompany accounts have been eliminated in consolidation. The accounting and reporting policies of the Company conform to generally accepted accounting principles and practices utilized in the commercial banking industry. In July 2019, a new subsidiary of the Company was incorporated under the name Colony Risk Management, Inc. Colony Risk Management, Inc. is a subsidiary of the Company and is located in Las Vegas, Nevada. It is a captive insurance subsidiary which insures various liability and property damage policies for the Company and its related subsidiaries. Colony Risk Management is regulated by the State of Nevada Division of Insurance. All dollars in notes to consolidated financial statements are rounded to the nearest thousand, except for per share amounts. The consolidated financial statements in this report are unaudited, except for the December 31, 2018 consolidated balance sheet. All adjustments consisting of normal recurring accruals which are, in the opinion of management, necessary for fair presentation of the interim consolidated financial statements, have been included and fairly and accurately present the financial position, results of operations and cash flows of the Company. The results of operations for the six months ended June 30, 2019 are not necessarily indicative of the results which may be expected for the entire year. Nature of Operations The Bank provides a full range of retail, commercial and mortgage banking services for consumers and small- to medium-size businesses located primarily in central, south and coastal Georgia. The Bank is headquartered in Fitzgerald, Georgia with banking and mortgage offices in Albany, Ashburn, Athens, Broxton, Centerville, Columbus, Cordele, Douglas, Eastman, Fitzgerald, LaGrange, Leesburg, Macon, Moultrie, Quitman, Rochelle, Savannah, Soperton, Sylvester, Statesboro, Thomaston, Tifton, Valdosta and Warner Robins. Lending and investing activities are funded primarily by deposits gathered through its retail banking office network. Use of Estimates In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date and revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and fair value of assets acquired and liabilities assumed in a business combination. Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to statement presentations selected for 2019. Such reclassifications have not affected previously reported stockholders’ equity or net income. Concentrations of Credit Risk Concentrations of credit risk can exist in relation to individual borrowers or groups of borrowers, certain types of collateral, certain types of industries, or certain geographic regions. The Company has a concentration in real estate loans as well as a geographic concentration that could pose an adverse credit risk. At June 30, 2019, approximately 86 percent of the Company’s loan portfolio was concentrated in loans secured by real estate. A substantial portion of borrowers’ ability to honor their contractual obligations is dependent upon the viability of the real estate economic sector. Management continues to monitor these concentrations and has considered these concentrations in its allowance for loan loss analysis. The success of the Company is dependent, to a certain extent, upon the economic conditions in the geographic markets it serves. Adverse changes in the economic conditions in these geographic markets would likely have a material adverse effect on the Company’s results of operations and financial condition. The operating results of the Company depend primarily on its net interest income. Accordingly, operations are subject to risks and uncertainties surrounding the exposure to changes in the interest rate environment. At times, the Company may have cash and cash equivalents at financial institutions in excess of federal deposit insurance limits. The Company places its cash and cash equivalents with high credit quality financial institutions whose credit ratings are monitored by management to minimize credit risk. Investment Securities The Company classifies its investment securities as trading, available for sale or held to maturity. Securities that are held principally for resale in the near term are classified as trading. Trading securities are carried at fair value, with realized and unrealized gains and losses included in noninterest income. Currently, no securities are classified as trading. Securities acquired with both the intent and ability to be held to maturity are classified as held to maturity and reported at amortized cost. All securities not classified as trading or held to maturity are considered available for sale. Securities available for sale are reported at estimated fair value. Unrealized gains and losses on securities available for sale are excluded from earnings and are reported, net of deferred taxes, in accumulated other comprehensive income (loss), a component of stockholders’ equity. Gains and losses from sales of securities available for sale are computed using the specific identification method. Securities available for sale includes securities which may be sold to meet liquidity needs arising from unanticipated deposit and loan fluctuations, changes in regulatory capital requirements, or unforeseen changes in market conditions. The Company evaluates each held to maturity and available for sale security in a loss position for other-than-temporary impairment (“OTTI”). In estimating other-than-temporary impairment losses, management considers such factors as the length of time and the extent to which the market value has been below cost, the financial condition of the issuer and the Company’s intent to sell and whether it is more likely than not that the Company will be required to sell the security before anticipated recovery of the amortized cost basis. If the Company intends to sell or if it is more likely than not that the Company will be required to sell the security before recovery, the OTTI write-down is recognized in earnings. If the Company does not intend to sell the security or it is not more likely than not that it will be required to sell the security before recovery, the OTTI write-down is separated into an amount representing credit loss, which is recognized in earnings and an amount related to all other factors, which is recognized in other comprehensive income (loss). Loans Held for Sale Loans held for sale are classified at the lower of cost or market value, which is computed by the aggregate method. Gains and losses on loans held for sale are included in the determination of income for the period in which the sales occur. Loans Loans that the Company has the ability and intent to hold for the foreseeable future or until maturity are recorded at their principal amount outstanding, net of unearned interest and fees. Loan origination fees, net of certain direct origination costs, are deferred and amortized over the estimated terms of the loans using the straight-line method. Interest income on loans is recognized using the effective interest method. A loan is considered to be delinquent when payments have not been made according to contractual terms, typically evidenced by nonpayment of a monthly installment by the due date. When management believes there is sufficient doubt as to the collectability of principal or interest on any loan or generally when loans are 90 days or more past due, the accrual of applicable interest is discontinued and the loan is designated as nonaccrual, unless the loan is well secured and in the process of collection. Interest payments received on nonaccrual loans are either applied against principal or reported as income, according to management’s judgment as to the collectability of principal. Loans are returned to an accrual status when factors indicating doubtful collectability on a timely basis no longer exist. Loans Modified in a Troubled Debt Restructuring ( “ TDR ” ) Loans are considered to have been modified in a TDR when, due to a borrower’s financial difficulty, the Company makes certain concessions to the borrower that it would not otherwise consider for new debt with similar risk characteristics. Modifications may include interest rate reductions, principal or interest forgiveness, forbearance, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of the collateral. Generally, a non-accrual loan that has been modified in a TDR remains on non-accrual status for a period of 6 months to demonstrate that the borrower is able to meet the terms of the modified loan. However, performance prior to the modification, or significant events that coincide with the modification, are included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status at the time of loan modification or after a shorter performance period. If the borrower’s ability to meet the revised payment schedule is uncertain, the loan remains on non-accrual status. Once a loan is modified in a troubled debt restructuring it is accounted for as an impaired loan, regardless of its accrual status, until the loan is paid in full, sold or charged off. A TDR may cease being classified as impaired if the loan is subsequently modified at market terms and, has performed according to the modified terms for at least six months, and there has not been any prior principal forgiveness on a cumulative basis. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the inability to collect a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revisions as more information becomes available. The allowance consists of specific, historical and general components. The specific component relates to loans that are classified as either doubtful, substandard or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan are lower than the carrying value of that loan. The historical component covers nonclassified loans and is based on historical loss experience adjusted for qualitative factors. A general component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The general component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and historical losses in the portfolio. General valuation allowances are based on internal and external qualitative risk factors such as ( 1 ) changes in lending policies and procedures, including changes in underwriting standards and collections, charge offs, and recovery practices, ( 2 ) changes in international, national, regional, and local conditions, ( 3 ) changes in the nature and volume of the portfolio and terms of loans, ( 4 ) changes in the experience, depth, and ability of lending management, ( 5 ) changes in the volume and severity of past due loans and other similar conditions, ( 6 ) changes in the quality of the organization's loan review system, ( 7 ) changes in the value of underlying collateral for collateral dependent loans, ( 8 ) the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and ( 9 ) the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses. Loans identified as losses by management, internal loan review and/or regulatory agencies are charged off. 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 payments of principal or 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. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. A significant portion of the Company’s impaired loans are deemed to be collateral dependent. Management therefore measures impairment on these loans based on the fair value of the collateral. Collateral values are determined based on appraisals performed by qualified licensed appraisers hired by the Company or by senior members of the Company’s credit administration staff. The decision whether or not to obtain an external third -party appraisal usually depends on the type of property being evaluated. External appraisals are usually obtained on more complex, income producing properties such as hotels, shopping centers and businesses. Less complex properties such as residential lots, farm land and single family houses may be evaluated internally by senior credit administration staff. When the Company does obtain appraisals from external third -parties, the values utilized in the impairment calculation are “as is” or current market values. The appraisals, whether prepared internally or externally, may utilize a single valuation approach or a combination of approaches including the comparable sales, income and cost approach. Appraised amounts used in the impairment calculation are typically discounted 10 percent to account for selling and marketing costs, if the repayment of the loan is to come from the sale of the collateral. Although appraisals are not obtained each year on all impaired loans, the collateral values used in the impairment calculations are evaluated quarterly by management. Based on management’s knowledge of the collateral and the current real estate market conditions, appraised values may be further discounted to reflect facts and circumstances known to management since the most recent appraisal was performed. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a level 3 classification of the inputs for determining fair value. Because of the high degree of judgment required in estimating the fair value of collateral underlying impaired loans and because of the relationship between fair value and general economic conditions, we consider the fair value of impaired loans to be highly sensitive to changes in market conditions. Premises and Equipment Premises and equipment are recorded at acquisition cost net of accumulated depreciation. Depreciation is charged to operations over the estimated useful lives of the assets. The estimated useful lives and methods of depreciation are as follows: Description Life in Years Method Banking Premises 15 - 40 Straight-Line and Accelerated Furniture and Equipment 5 - 10 Straight-Line and Accelerated Expenditures for major renewals and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. When property and equipment are retired or sold, the cost and accumulated depreciation are removed from the respective accounts and any gain or loss is reflected in other income or expense. Goodwill Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. Goodwill is assigned to reporting units and tested for impairment at least annually, or on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value. Intangible Assets Intangible assets consist of core deposit intangibles acquired in connection with a business combination. The core deposit intangible is initially recognized based on a valuation performed as of the consummation date. The core deposit intangible is amortized on an accelerated basis over the average remaining life of the acquired customer deposits. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 ) the assets have been isolated from the Company, ( 2 ) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and ( 3 ) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Statement of Cash Flows For reporting cash flows, cash and cash equivalents include cash on hand, noninterest-bearing amounts due from banks and federal funds sold. Cash flows from demand deposits, interest-bearing checking accounts, savings accounts, loans and certificates of deposit are reported net. Advertising Costs The Company expenses the cost of advertising in the periods in which those costs are incurred. Income Taxes The provision for income taxes is based upon income for financial statement purposes, adjusted for nontaxable income and nondeductible expenses. Deferred income taxes have been provided when different accounting methods have been used in determining income for income tax purposes and for financial reporting purposes. Deferred tax assets and liabilities are recognized based on future tax consequences attributable to differences arising from the financial statement carrying values of assets and liabilities and their tax bases. The differences relate primarily to depreciable assets (use of different depreciation methods for financial statement and income tax purposes) and allowance for loan losses (use of the allowance method for financial statement purposes and the direct write-off method for tax purposes). In the event of changes in the tax laws, deferred tax assets and liabilities are adjusted in the period of the enactment of those changes, with effects included in the income tax provision. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company and its subsidiary file a consolidated federal income tax return. The subsidiary pays its proportional share of federal income taxes to the Company based on its taxable income. Positions taken in the Company’s tax returns may be subject to challenge by the taxing authorities upon examination. Uncertain tax positions are initially recognized in the consolidated financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions are both initially and subsequently measured as the largest amount of tax benefit that is greater than 50 percent likely of being realized upon settlement with the tax authority, assuming full knowledge of the position and all relevant facts. The Company provides for interest and, in some cases, penalties on tax positions that may be challenged by the taxing authorities. Interest expense is recognized beginning in the first period that such interest would begin accruing. Penalties are recognized in the period that the Company claims the position in the tax return. Interest and penalties on income tax uncertainties are classified within income tax expense in the consolidated statement of income. Other Real Estate Other real estate generally represents real estate acquired through foreclosure and is initially recorded at estimated fair value at the date of acquisition less the cost of disposal. Losses from the acquisition of property in full or partial satisfaction of debt are recorded as loan losses. Properties are evaluated regularly to ensure the recorded amounts are supported by current fair values, and valuation allowances are recorded as necessary to reduce the carrying amount to fair value less estimated cost of disposal. Routine holding costs and gains or losses upon disposition are included in other noninterest expense. Bank-Owned Life Insurance The Company has purchased life insurance on the lives of certain key members of management and directors. The life insurance policies are recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or amounts due that are probable at settlement, if applicable. Increases in the cash surrender value are recorded as other income in the consolidated statements of income. The cash surrender value of the insurance contracts is recorded in other assets on the consolidated balance sheets in the amount of $21,357 and $17,598 as of June 30, 2019 and December 31, 2018, respectively. Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on securities available for sale, represent equity changes from economic events of the period other than transactions with owners and are not reported in the consolidated statements of income but as a separate component of the equity section of the consolidated balance sheets. Such items are considered components of other comprehensive income (loss). Accounting standards codification requires the presentation in the consolidated financial statements of net income and all items of other comprehensive income (loss) as total comprehensive income (loss). Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded. Changes in Accounting Principles and Effects of New Accounting Pronouncements ASU 2016 - 02, Leases (Topic 842 ) . This ASU requires lessees to put most leases on their balance sheets but recognize expenses in the income statement in a manner similar to current accounting treatment. This ASU changes the guidance on sale-leaseback transactions, initial direct costs and lease execution costs, and, for lessors, modifies the classification criteria and the accounting for sales-type and direct financing leases. For public business entities, this ASU is effective for annual periods beginning after December 15, 2018, and interim periods therein. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. ASU 2016 - 02 was effective for the Company on January 1, 2019. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements as of June 30, 2019. ASU 2016 - 13, Financial Instruments – Credit Losses (Topic 326 ). This ASU sets forth a “current expected credit loss” (CECL) model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supported forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently assessing the impact of the adoption of this ASU on its consolidated financial statements. On July 17, 2019, FASB voted to delay the effective date of this ASU for smaller reporting companies, such as the Company, until fiscal years beginning after December 15, 2022. ASU 2017 - 04, Intangibles: Goodwill and Other: Simplifying the Test for Goodwill Impairmen t . ASU 2017 - 04 eliminates Step 2 from the goodwill impairment test to simplify the subsequent measurement of goodwill. The annual, or interim, goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. In addition, the income tax effects of tax deductible goodwill on the carrying amount of the reporting unit should be considered when measuring the goodwill impairment loss, if applicable. ASU 2017 - 04 also eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The standard must be adopted using a prospective basis and the nature and reason for the change in accounting principle should be disclosed upon transition. ASU 2017 - 04 is effective for annual or any interim goodwill impairment tests in reporting periods beginning after December 15, 2019. Early adoption is permitted on testing dates after January 1, 2017. The Company is currently evaluating the impact this ASU will have on the Company’s Consolidated Financial Statements, but it is not expected to have a material impact. ASU 2017 - 08, Premium Amortization on Purchased Callable Debt Securities. This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. Today, entities generally amortize the premium over the contractual life of the security. The new guidance does not change the accounting for purchased callable debt securities held at a discount; the discount continues to be amortized to maturity. ASU No. 2017 - 08 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. The guidance calls for a modified retrospective transition approach under which a cumulative-effect adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. ASU 2017 - 08 was effective for the Company on January 1, 2019. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. ASU 2018 - 13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (Topic 820 ). This ASU modifies the disclosure requirements on fair value measurements. ASU 2018 - 13 is effective for interim and annual reporting periods after December 15, 2019; early adoption is permitted. The Company is currently evaluating the provisions of ASU 2018 - 13 to determine the potential impact the new standard will have on the Company’s Consolidated Financial Statements. ASU 2019 - 1, Leases (Topic 842 ): Codification Improvements . ASU 2019 - 1 amends certain aspects of ASU 2016 - 02, Leases. This ASU addresses the following issues: ( 1 ) determining the fair value of the underlying asset by lessors that are not manufacturers or dealers; ( 2 ) statement of cash flow presentation for sales – type and direct financing leases by lessors within the scope of ASC 942, Financial Services – Depository and Lending; and ( 3 ) clarification of interim disclosure requirements during transition. ASU 2019 - 1 is effective for the first and second issues for interim and annual reporting periods beginning after December 15, 2019; early adoption is permitted. If an entity early adopts, the ASU will be applied as of the date the entity first applies ASU 2016 - 02. For the third issue, there is no transition and effective date because the amendments are to the original transition requirements in ASU 2016 - 02. The Company is currently evaluating the impact this ASU will have on the Company’s Consolidated Financial Statements, but it is not expected to have a material impact. ASU 2019 - 04, Codification Improvements to Financial Instruments – Credit Losses (Topic 326 ), Derivatives and Hedging (Topic 815 ) and Financial Instruments (Topic 825 ) . ASU 2019 - 4 clarifies certain aspects of ASU 2016 - 13, Financial Instruments – Credit Losses; ASU 2017 - 12, Hedging Activities; and ASU 2016 - 1, Financial Instruments. For amendments dealing with ASU 2016 - 13, which is currently the only standard of the three listed in this update that would apply for the Company, it addresses accrued interest with a financing receivable or investment; transfers between classifications or categories for loans and debt securities; the inclusion of recoveries on financial assets in the calculation of the current expected credit losses allowance for both pools of financial assets and individual financial assets. These amendments dealing with ASU 2016 - 13 are effective on the same date as the effective date in ASU 2016 - 13. The Company is currently assessing the impact of the adoption of this ASU on its consolidated financial statements. |
Note 2 - Business Acquisitions
Note 2 - Business Acquisitions | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | ( 2 s Acquisition of Albany, Georgia Branch from Planters First Bank On October 22, 2018, one $10.2 three six June 30, 2019, $58 $129 three six June 30, 2019, $85 $159 2018 January 1, 2018 not The following table provides the purchase price as of acquisition date, the identifiable assets acquired and liabilities assumed at their estimated fair values, and the resulting goodwill of $202 Purchase Price Consideration (in thousands) : Cash Consideration $ 10,238 Total purchase price for PFB branch acquisition $ 10,238 Assets acquired at fair value: Cash and cash equivalents $ 195 Loans 20,430 Premises and equipment 773 Core deposit intangible 560 Other assets 123 Total fair value of assets acquired $ 22,081 Liabilities assumed at fair value: Deposits $ 12,032 Other liabilities 13 Total fair value of liabilities assumed $ 12,045 Net Assets acquired at fair value: $ 10,036 Amount of goodwill resulting from acquisition $ 202 The total amount of goodwill arising from this transaction of $202 197 The Bank recorded all loans acquired at the estimated fair value on the purchase date with no no Acquisition of LBC Bancshares, Inc. On May 1, 2019, two one $23.50 1.3239 55 45 50 1,054,029 $18.7 $15.3 The merger is being accounted for using the acquisition method accounting, in accordance with the provisions of FASB ASC 805 10 The merger was effected by the issuance of shares of the Company’s common stock along with cash consideration to shareholders to LBC. The assets and liabilities of LBC as of the effective date of the merger were recorded at their respective estimated fair values and combined with those of the Company. The excess of the purchase price over the net estimated fair values of the acquired assets and liabilities was allocated to identifiable intangible assets with the remaining excess allocated to goodwill. Goodwill from the transaction was $15,390, none In periods following the merger, the financial statements of the combined entity will include the results attributable to LBC beginning on the date the merger was completed. In the three six June 30, 2019, $1.77 $1.77 three six June 30, 2019, $501 $501 The pro-forma impact to 2018 January 1, 2018 $2.35 $4.61 three six June 30, 2018, 2018 December 31, 2017 $610 $1.15 three six June 30, 2018, not no not first six 2018 may 2018. no first six 2018 January 1, 2018. As of June 30, 2019, May 1, 2019. May 1, 2019, May 1, 2019, Purchase Price Consideration (in thousands): Shares of CBAN Common Stock Issued to LBC Shareholders as of May 1, 2019 1,054,029 Market Price of CBAN Common Stock on May 1, 2019 $ 17.75 Estimated Fair Value of CBAN Common Stock Issued 18,709 Cash Consideration Paid 15,312 Total Consideration $ 34,021 Assets acquired at fair value: Cash and Cash Equivalents $ 15,678 Investments Securities Available for Sale 49,172 Investments Securities Held to Maturity 1,766 Restricted Investments 479 Loans 130,568 Premises and Equipment 3,009 Core Deposit Intangible 3,100 Other Real Owned 243 Prepaid and Other Assets 6,487 Total Fair Value of Assets Acquired $ 210,502 Liabilities Assumed at Fair Value: Deposits $ (189,896 ) FHLB Advances (1,000 ) Payables and Other Liabilities (975 ) Total Fair Value of Liabilities Assumed $ (191,871 ) Net Assets Acquired at Fair Value: $ 18,631 Amount of Goodwill Resulting From Acquisition $ 15,390 In the acquisition, the Company purchased $130.57 $2.17 1.63%, $176 310 30. Contractually Required Principal and Interest $ 695 Non-accretable Difference (519 ) Cash Flows Expected to be Collected 176 Accretable Yield - Total Purchased Credit-Impaired Loans Acquired $ 176 The following table presents the acquired loan data for the LBC acquisition. Fair Value of Acquired Loans at Acquisition Date Gross Contractual Amounts Receivable at Acquisition Date Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected Acquired receivables subject to ASC 310-30 $ 176 $ 695 $ 519 Acquired receivables not subject to ASC 310-30 $ 130,392 $ 132,381 $ - Acquisition of PFB Mortgage from Planters First Bank On May 1, 2019, $833 not not three six June 30, 2019, $228 $228 three six June 30, 2019, $211 $211 2018 January 1, 2018 not The following table provides the purchase price as of acquisition date, the identifiable assets acquired and liabilities assumed at their estimated fair values, and the resulting goodwill of $541 Purchase Price Consideration (in thousands): Cash Consideration Paid $ 833 Total Consideration $ 833 Assets acquired at fair value: Premises and Equipment $ 78 Premium on Loan Commitments 209 Other Assets 5 Total Fair Value of Assets Acquired $ 292 Liabilities Assumed at Fair Value: Total Fair Value of Liabilities Assumed $ - Net Assets Acquired at Fair Value: $ 292 Amount of Goodwill Resulting From Acquisition $ 541 The total amount of goodwill arising from this transaction of $541 197 |
Note 3 - Investment Securities
Note 3 - Investment Securities | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ( 3 ) Investment Securities Investment securities as of June 30, 2019 December 31, 2018 June 30, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 403,165 $ 3,406 $ (3,163 ) $ 403,408 State, County & Municipal 3,511 63 - 3,574 Corporate Bonds 2,870 - (13 ) 2,857 $ 409,546 $ 3,469 $ (3,176 ) $ 409,839 December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 356,498 $ 303 $ (10,596 ) $ 346,205 State, County & Municipal 4,008 18 (37 ) 3,989 Corporate Bonds 2,927 - (55 ) 2,872 $ 363,433 $ 321 $ (10,688 ) $ 353,066 The amortized cost and fair value of investment securities as of June 30, 2019, may may Securities Available for Sale Amortized Cost Fair Value Due In One Year or Less $ - $ - Due After One Year Through Five Years 4,142 4,147 Due After Five Years Through Ten Years 1,135 1,167 Due After Ten Years 1,104 1,117 $ 6,381 $ 6,431 Mortgage-Backed Securities 403,165 403,408 $ 409,546 $ 409,839 Proceeds from the sale of investments available for sale totaled $56,920 $11,268 first six 2019 2018, first six 2019 $117 $52. first six 2018 $116 $0. Proceeds from the sale of investments held to maturity totaled $1,766 first six 2019. first six 2019 $0 $0. not first six 2018. not first six 2018. Investment securities having a carrying value approximating $169,821 $178,978 June 30, 2019 December 31, 2018, Information pertaining to securities with gross unrealized losses at June 30, 2019 December 31, 2018 Less Than 12 Months 12 Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses June 30, 2019 U. S. Government Agencies Mortgage-Backed $ 9,891 $ (19 ) $ 182,244 $ (3,144 ) $ 192,135 $ (3,163 ) State, County and Municipal - - - - - - Corporate Bonds 2,015 (6 ) 842 (7 ) 2,857 (13 ) $ 11,906 $ (25 ) $ 183,086 $ (3,151 ) $ 194,992 $ (3,176 ) December 31. 2018 U.S. Government Agencies Mortgage-Backed $ 39,083 $ (504 ) $ 255,747 $ (10,092 ) $ 294,830 $ (10,596 ) State, County and Municipal 612 (3 ) 1,882 (34 ) 2,494 (37 ) Corporate Bonds 2,009 (21 ) 863 (34 ) 2,872 (55 ) $ 41,704 $ (528 ) $ 258,492 $ (10,160 ) $ 300,196 $ (10,688 ) Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to ( 1 2 3 At June 30, 2019, 103 1.60 no |
Note 4 - Loans
Note 4 - Loans | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ( 4 ) Loans The following table presents the composition of loans segregated by legacy and purchased loans and by class of loans, as of June 30, 2019 December 31, 2018. June 30, 2019 Legacy Loans Purchased Loans Total Commercial and Agricultural Commercial $ 43,561 $ 24,974 $ 68,535 Agricultural 18,561 300 18,861 Real Estate Commercial Construction 60,949 12,029 72,978 Residential Construction 13,193 5,429 18,622 Commercial 376,063 57,753 433,816 Residential 177,183 28,005 205,188 Farmland 70,413 3,859 74,272 Consumer and Other Consumer 17,860 5,206 23,066 Other 18,262 1,671 19,933 Total Loans $ 796,045 $ 139,226 $ 935,271 December 31, 2018 Legacy Loans Purchased Loans Total Commercial and Agricultural Commercial $ 50,181 $ 7,229 $ 57,410 Agricultural 15,993 806 16,799 Real Estate Commercial Construction 46,609 1,240 47,849 Residential Construction 12,242 258 12,500 Commercial 366,792 6,742 373,534 Residential 185,699 2,015 187,714 Farmland 62,674 35 62,709 Consumer and Other Consumer 18,423 62 18,485 Other 5,027 - 5,027 Total Loans $ 763,640 $ 18,387 $ 782,027 Commercial and industrial loans are extended to a diverse group of businesses within the Company’s market area. These loans are often underwritten based on the borrower’s ability to service the debt from income from the business. Real estate construction loans often require loan funds to be advanced prior to completion of the project. Due to uncertainties inherent in estimating construction costs, changes in interest rates and other economic conditions, these loans often pose a higher risk than other types of loans. Consumer loans are originated at the Bank level. These loans are generally smaller loan amounts spread across many individual borrowers to help minimize risk. Credit Quality Indicators The Company uses a risk grading matrix to assign a risk grade to each of its loans. Loans are graded on a scale of 1 8. ● Grades 1 2 may ● Grades 3 4 no one ● Grade 5 ● Grade 6 ● Grades 7 8 no 6. The following table presents the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of June 30, 2019 December 31, 2018. 1, 2, 3 4 June 30, 2019, not Pass Special Mention Substandard Total Loans June 30, 2019 Commercial and Agricultural Commercial $ 41,376 $ 1,471 $ 714 $ 43,561 Agricultural 16,050 1,137 1,374 18,561 Real Estate Commercial Construction 60,546 117 286 60,949 Residential Construction 12,839 - 354 13,193 Commercial 360,806 8,048 7,209 376,063 Residential 162,927 4,015 10,241 177,183 Farmland 64,519 3,000 2,894 70,413 Consumer and Other Consumer 17,550 84 226 17,860 Other 18,262 - - 18,262 Total Loans $ 754,875 $ 17,872 $ 23,298 $ 796,045 December 31, 2018 Commercial and Agricultural Commercial $ 48,579 $ 729 $ 873 $ 50,181 Agricultural 14,858 637 498 15,993 Real Estate Commercial Construction 45,847 45 717 46,609 Residential Construction 12,242 - - 12,242 Commercial 351,397 7,662 7,733 366,792 Residential 168,035 7,107 10,557 185,699 Farmland 58,678 1,912 2,084 62,674 Consumer and Other Consumer 18,042 59 322 18,423 Other 5,018 5 4 5,027 Total Loans $ 722,696 $ 18,156 $ 22,788 $ 763,640 The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of June 30, 2019 December 31, 2018. 1, 2, 3 4 June 30, 2019, not Pass Special Mention Substandard Total Loans June 30, 2019 Commercial and Agricultural Commercial $ 24,632 $ 121 $ 221 $ 24,974 Agricultural 300 - - 300 Real Estate Commercial Construction 11,960 - 69 12,029 Residential Construction 5,429 - - 5,429 Commercial 57,364 389 - 57,753 Residential 27,682 298 25 28,005 Farmland 3,820 - 39 3,859 Consumer and Other Consumer 5,202 - 4 5,206 Other 1,671 - - 1,671 Total Loans $ 138,060 $ 808 $ 358 $ 139,226 December 31, 2018 Commercial and Agricultural Commercial $ 7,229 $ - $ - $ 7,229 Agricultural 806 - - 806 Real Estate Commercial Construction 1,240 - - 1,240 Residential Construction 258 - - 258 Commercial 6,742 - - 6,742 Residential 2,015 - - 2,015 Farmland 35 - - 35 Consumer and Other Consumer 62 - - 62 Other - - - - Total Loans $ 18,387 $ - $ - $ 18,387 A loan’s risk grade is assigned at the inception of the loan and is based on the financial strength of the borrower and the type of collateral. Loan risk grades are subject to reassessment at various times throughout the year as part of the Company’s ongoing loan review process. Loans with an assigned risk grade of 6 $250,000 may not In assessing the overall economic condition of the markets in which it operates, the Company monitors the unemployment rates for its major service areas. The unemployment rates are reviewed on a quarterly basis as part of the allowance for loan loss determination. Loans are considered past due if the required principal and interest payments have not 90 may may not The following table represents an age analysis of past due loans and nonaccrual loans for legacy loans, segregated by class of loans, excluding purchased loans as of June 30, 2019 December 31, 2018: Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current Loans Total Loans June 30, 2019 Commercial and Agricultural Commercial $ 365 $ - $ 365 $ 442 $ 42,754 $ 43,561 Agricultural - - - 1,304 17,257 18,561 Real Estate Commercial Construction 123 - 123 36 60,790 60,949 Residential Construction - - - 354 12,839 13,193 Commercial 822 - 822 1,849 373,392 376,063 Residential 2,276 - 2,276 2,786 172,121 177,183 Farmland 139 - 139 2,669 67,605 70,413 Consumer and Other Consumer 61 2 63 131 17,666 17,860 Other - - - - 18,262 18,262 Total Loans $ 3,786 $ 2 $ 3,788 $ 9,571 $ 782,686 $ 796,045 December 31, 2018 Commercial and Agricultural Commercial $ 282 $ - $ 282 $ 637 $ 49,262 $ 50,181 Agricultural 117 - 117 413 15,463 15,993 Real Estate Commercial Construction 88 - 88 463 46,058 46,609 Residential Construction - - - - 12,242 12,242 Commercial 679 - 679 2,966 363,147 366,792 Residential 6,882 - 6,882 2,734 176,083 185,699 Farmland 76 - 76 2,052 60,546 62,674 Consumer and Other Consumer 110 - 110 213 18,100 18,423 Other - - - 4 5,023 5,027 Total Loans $ 8,234 $ - $ 8,234 $ 9,482 $ 745,924 $ 763,640 The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, for purchased loans as of June 30, 2019 December 31, 2018: Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current Loans Total Loans June 30, 2019 Commercial and Agricultural Commercial $ 178 $ - $ 178 $ 43 $ 24,753 $ 24,974 Agricultural - - - - 300 300 Real Estate Commercial Construction - - - 69 11,960 12,029 Residential Construction - - - - 5,429 5,429 Commercial - - - - 57,753 57,753 Residential 9 - 9 25 27,971 28,005 Farmland - - - 39 3,820 3,859 Consumer and Other Consumer 16 - 16 4 5,186 5,206 Other - - - - 1,671 1,671 Total Loans $ 203 $ - $ 203 $ 180 $ 138,843 $ 139,226 December 31, 2018 Commercial and Agricultural Commercial $ - $ - $ - $ - $ 7,229 $ 7,229 Agricultural - - - - 806 806 Real Estate Commercial Construction - - - - 1,240 1,240 Residential Construction - - - - 258 258 Commercial - - - - 6,742 6,742 Residential - - - - 2,015 2,015 Farmland - - - - 35 35 Consumer and Other Consumer - - - - 62 62 Other - - - - - - Total Loans $ - $ - $ - $ - $ 18,387 $ 18,387 The following table details impaired loan data, including purchased credit impaired loans, as of June 30, 2019. June 30, 2019 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 442 $ 442 $ - $ 525 $ 15 $ 16 Agricultural 736 716 - 544 9 21 Commercial Construction 104 104 - 115 3 3 Residential Construction 354 354 - 118 4 4 Commercial Real Estate 12,372 11,504 - 12,341 291 293 Residential Real Estate 3,872 3,849 - 3,979 83 98 Farmland 2,670 2,668 - 2,246 (25 ) 17 Consumer 132 132 - 159 3 4 Other - - - 2 - - 20,682 19,769 - 20,029 383 456 With An Allowance Recorded Commercial - - - 14 - - Agricultural 588 588 588 196 9 33 Commercial Construction - - - 133 - - Residential Construction - - - - - - Commercial Real Estate 3,031 3,031 897 2,902 61 62 Residential Real Estate 267 267 49 270 11 11 Farmland 359 359 32 361 13 12 Consumer - - - - - - Other - - - - - - 4,245 4,245 1,566 3,876 94 118 Purchased Credit Impaired Loans Commercial 68 42 - 14 - - Commercial Construction 122 69 - 23 - - Residential Real Estate 23 14 - 5 - - Farmland 237 40 - 13 - - Consumer 195 - - - - - 645 165 - 55 - - Total Commercial 510 484 - 553 15 16 Agricultural 1,324 1,304 588 740 18 54 Commercial Construction 226 173 - 271 3 3 Residential Construction 354 354 - 118 4 4 Commercial Real Estate 15,403 14,535 897 15,243 352 355 Residential Real Estate 4,162 4,130 49 4,254 94 109 Farmland 3,266 3,067 32 2,620 (12 ) 29 Consumer 327 132 - 159 3 4 Other - - - 2 - - $ 25,572 $ 24,179 $ 1,566 $ 23,960 $ 477 $ 574 The following table details impaired loan data as of December 31, 2018. no December 31, 2018. December 31, 2018 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 595 $ 595 $ - $ 526 $ 21 $ 24 Agricultural 434 413 - 383 18 25 Commercial Construction 132 132 - 69 8 8 Residential Contruction - - - - - Commercial Real Estate 12,164 12,164 - 11,040 582 583 Residential Real Estate 4,214 4,130 - 4,067 208 213 Farmland 2,054 2,052 - 1,361 53 82 Consumer 213 213 - 197 14 14 Other 4 4 - 1 - - 19,810 19,703 - 17,644 904 949 With An Allowance Recorded Commercial 42 42 6 8 2 2 Agricultural - - - - - - Commercial Construction 399 399 39 466 - - Residential Contruction - - - - - - Commercial Real Estate 3,691 3,691 1,276 5,121 135 142 Residential Real Estate 274 274 61 98 8 8 Farmland 364 364 36 368 24 25 Consumer - - - - - - Other - - - - - - 4,770 4,770 1,418 6,061 169 177 Total Commercial 637 637 6 534 23 26 Agricultural 434 413 - 383 18 25 Commercial Construction 531 531 39 535 8 8 Residential Contruction - - - - - - Commercial Real Estate 15,855 15,855 1,276 16,161 717 725 Residential Real Estate 4,488 4,404 61 4,165 216 221 Farmland 2,418 2,416 36 1,729 77 107 Consumer 213 213 - 197 14 14 Other 4 4 - 1 - - $ 24,580 $ 24,473 $ 1,418 $ 23,705 $ 1,073 $ 1,126 The following table details impaired loan data as of June 30, 2018. no June 30, 2018. June 30, 2018 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 367 $ 367 $ - $ 520 $ 5 $ 5 Agricultural 311 290 - 360 9 12 Commercial Construction 16 16 - 38 1 1 Residential Contruction - - - - - - Commercial Real Estate 10,201 10,201 - 11,092 235 236 Residential Real Estate 3,892 3,805 - 4,113 87 89 Farmland 980 978 - 896 5 7 Consumer 200 200 - 199 6 6 Other - - - - - - 15,967 15,857 - 17,218 348 356 With An Allowance Recorded Commercial - - - - - - Agricultural - - - - - - Commercial Construction 482 482 54 487 2 2 Residential Contruction - - - - - - Commercial Real Estate 5,047 5,047 1,371 5,371 106 99 Residential Real Estate 36 36 21 60 1 1 Farmland 367 367 28 369 12 12 Consumer - - - - - - Other - - - - - - 5,932 5,932 1,474 6,287 121 114 Total Commercial 367 367 - 520 5 5 Agricultural 311 290 - 360 9 12 Commercial Construction 498 498 54 525 3 3 Residential Contruction - - - - - - Commercial Real Estate 15,248 15,248 1,371 16,463 341 335 Residential Real Estate 3,928 3,841 21 4,173 88 90 Farmland 1,347 1,345 28 1,265 17 19 Consumer 200 200 - 199 6 6 Other - - - - - - $ 21,899 $ 21,789 $ 1,474 $ 23,505 $ 469 $ 470 TDRs are troubled loans on which the original terms of the loan have been modified in favor of the borrower due to deterioration in the borrower’s financial condition. Each potential loan modification is reviewed individually and the terms of the loan are modified to meet the borrower’s specific circumstances at a point in time. Not ● Interest rate reductions – Occur when the stated interest rate is reduced to a nonmarket rate or a rate the borrower would not ● Amortization or maturity date changes – Result when the amortization period of the loan is extended beyond what is considered a normal amortization period for loans of similar type with similar collateral. ● Principal reductions – These are often the result of commercial real estate loan workouts where two no no As discussed in Note 1, no June 30, 2019. no three six June 30, 2019 2018. 90 may six not The Company had no three June 30, 2019 2018, no six June 30, 2019 one six June 30, 2018. $131 |
Note 5 - Allowance for Loan Los
Note 5 - Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Allowance for Credit Losses [Text Block] | ( 5 ) Allowance for Loan Losses The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the six June 30, 2019 June 30, 2018. one not may June 30, 2019 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 370 $ (125 ) $ 16 $ 122 $ 383 Agricultural 248 - 1 789 1,038 Real Estate Commercial Construction 115 (29 ) 54 (130 ) 10 Residential Construction 16 - - (14 ) 2 Commercial 4,549 (56 ) 38 (790 ) 3,741 Residential 1,181 (647 ) 159 152 845 Farmland 702 (63 ) 3 47 689 Consumer and Other Consumer 86 (179 ) 27 129 63 Other 10 - 3 5 18 $ 7,277 $ (1,099 ) $ 301 $ 310 $ 6,789 June 30, 2018 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 447 $ (116 ) $ 85 $ 28 $ 444 Agricultural 186 (123 ) 7 192 262 Real Estate Commercial Construction 1,216 - 38 (1,172 ) 82 Residential Construction - - - - - Commercial 3,874 (258 ) 37 753 4,406 Residential 968 (89 ) 75 112 1,066 Farmland 780 - 9 79 868 Consumer and Other Consumer 34 (135 ) 49 82 30 Other 3 - 2 (4 ) 1 $ 7,508 $ (721 ) $ 302 $ 70 $ 7,159 Management continually evaluates the allowance for loan losses methodology seeking to refine and enhance this process as appropriate, and it is likely that the methodology will continue to evolve over time. Part I (Continued) 1 ( 5 ) Allowance for Loan Losses (Continued) The Company determines its individual reserves during its quarterly review of substandard loans. This process involves reviewing all loans with a risk grade of 6 $250,000 June 30, 2019, 123 $3.8 $250,000 not June 30, 2018, 125 $3.1 $250,000 Since not may not $9.26 $9.55 June 30, 2019 2018, $1.66 $1.30 June 30, 2019 2018, not Part I (Continued) 1 ( 5 ) Allowance for Loan Losses (Continued) The following tables present breakdowns of the allowance for loan losses, segregated by impairment methodology for June 30, 2019 2018. June 30, 2018, no June 30, 2019 Ending Allowance Balance Ending Loan Balance Individually Collectively Purchased Individually Collectively Purchased Evaluated for Evaluated for Credit Evaluated for Evaluated for Credit Impairment Impairment Impaired Total Impairment Impairment Impaired Total Commercial and Agricultural Commercial $ - $ 383 $ - $ 383 $ 16 $ 68,477 $ 42 $ 68,535 Agricultural 588 450 - 1,038 850 18,011 - 18,861 Real Estate Commercial Construction - 10 - 10 67 72,842 69 72,978 Residential Construction - 2 - 2 354 18,268 - 18,622 Commercial 897 2,844 - 3,741 14,243 419,573 - 433,816 Residential 49 796 - 845 1,914 203,260 14 205,188 Farmland 32 657 - 689 2,752 71,480 40 74,272 Consumer and Other Consumer - 63 - 63 - 23,066 - 23,066 Other - 18 - 18 - 19,933 - 19,933 Total End of Period Balance $ 1,566 $ 5,223 $ - $ 6,789 $ 20,196 $ 914,910 $ 165 $ 935,271 June 30, 2018 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ - $ 444 $ 444 $ 77 $ 44,952 $ 45,029 Agricultural - 262 262 5 20,032 20,037 Real Estate Commercial Construction 54 28 82 481 48,428 48,909 Residential Construction - - - - 11,541 11,541 Commercial 1,371 3,035 4,406 15,187 336,876 352,063 Residential 21 1,045 1,066 1,910 185,681 187,591 Farmland 28 840 868 1,032 66,835 67,867 Consumer and Other Consumer - 30 30 - 18,746 18,746 Other - 1 1 - 15,013 15,013 Total End of Period Balance $ 1,474 $ 5,685 $ 7,159 $ 18,692 $ 748,104 $ 766,796 Part I (Continued) 1 |
Note 6 - Other Real Estate Owne
Note 6 - Other Real Estate Owned | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] | ( 6 ) Other Real Estate Owned The aggregate carrying amount of Other Real Estate Owned (“OREO”) at June 30, 2019 December 31, 2018 $987 $1,841, six June 30, 2019 December 31, 2018. Six Months Ended Twelve Months Ended June 30, 2019 December 31, 2018 Balance, Beginning $ 1,841 $ 4,256 Additions 166 793 Acquired in Acquisition 243 - Sales of OREO (2,114 ) (2,949 ) Transfer to Bank Premises - (300 ) Gains (Losses) on Sale 955 303 Provision for Losses (104 ) (262 ) Balance, Ending $ 987 $ 1,841 At June 30, 2019, $120 $565 December 31, 2018. June 30, 2019, $1,076 December 31, 2018, $25 |
Note 7 - Deposits
Note 7 - Deposits | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | ( 7 ) Deposits The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled $441 $476 June 30, 2019 December 31, 2018. Components of interest-bearing deposits as of June 30, 2019 December 31, 2018 Six Months Ended Twelve Months Ended June 30, 2019 December 31, 2018 Interest-Bearing Demand $ 591,236 $ 471,794 Savings 84,606 79,453 Time, $250,000 and Over 71,359 53,881 Other Time 318,211 287,150 $ 1,065,412 $ 892,278 At June 30, 2019 December 31, 2018, $109,638 $80,535, June 30, 2019. $250,000 $58,233 $41,104 June 30, 2019 December 31, 2018, $250,000 $71,359 $53,881 June 30, 2019 December 31, 2018. As of June 30, 2019 December 31, 2018, Maturity June 30, 2019 December 31, 2018 One Year and Under $ 277,759 $ 241,366 One to Three Years 98,060 82,412 Three Years and Over 13,751 17,253 $ 389,570 $ 341,031 |
Note 8 - Other Borrowed Money
Note 8 - Other Borrowed Money | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | ( 8 ) Other Borrowed Money Other borrowed money at June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 Federal Home Loan Bank Advances $ 40,000 $ 44,000 Other Borrowings 15,063 - $ 55,063 $ 44,000 Advances from the Federal Home Loan Bank (“FHLB”) have maturities ranging from 2020 2028 0.98 3.51 first June 30, 2019, $168,066. June 30, 2019, $261,264. may On May 1, 2019, $10.0 May 1, 2024, 4.70 June 30, 2019, $9.8 On May 1, 2019, $10.0 May 1, 2021, 0.40 $5.3 June 30, 2019, $5.3 The aggregate stated maturities of other borrowed money at June 30, 2019 Year Amount 2019 $ 500 2020 4,500 2021 6,313 2022 19,000 2023 7,000 2024 and After 17,750 $ 55,063 The Company also has available federal funds lines of credit with various financial institutions totaling $48,000, none June 30, 2019. The Company has the ability to borrow funds from the Federal Reserve Bank (“FRB”) of Atlanta utilizing the discount window. The discount window is an instrument of monetary policy that allows eligible institutions to borrow money from the FRB on a short-term basis to meet temporary liquidity shortages caused by internal or external disruptions. At June 30, 2019, no Part I (Continued) 1 |
Note 9 - Subordinated Debenture
Note 9 - Subordinated Debentures (Trust Preferred Securities) | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Subordinated Borrowings Disclosure [Text Block] | ( 9 ) Subordinated Debentures (Trust Preferred Securities) 3 Month Added Total 5 Year Description Date Amount Libor Rate Points Rate Maturity Call Option Colony Bankcorp Statutory Trust III 6/17/2004 $ 4,640 2.41025 2.68 5.09025 6/14/2034 6/17/2009 Colony Bankcorp Capital Trust I 4/13/2006 5,155 2.31888 1.50 3.81888 4/13/2036 4/13/2011 Colony Bankcorp Capital Trust II 3/12/2007 9,279 2.31888 1.65 3.96888 3/12/2037 3/12/2012 Colony Bankcorp Capital Trust III 9/14/2007 5,155 2.58275 1.40 3.98275 9/14/2037 9/14/2012 The Trust Preferred Securities are recorded as subordinated debentures on the consolidated balance sheets, but subject to certain limitations, qualify as Tier 1 The Trust Preferred Securities pay interest quarterly. |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | ( 1 0 ) Commitments and Contingencies Credit-Related Financial Instruments . The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. We evaluate each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held varies, but may At June 30, 2019 December 31, 2018 Contract Amount June 3 0 , 201 9 December 31, 2018 Loan Commitments $ 146,481 $ 98,736 Letters of Credit 1,627 1,525 Commitments to extend credit are agreements to lend to a customer as long as there is no may commitments for equity lines of credit may not Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit are uncollateralized and usually do not may not Standby and performance letters of credit are conditional lending commitments issued by the Company to guarantee the performance of a customer to a third one Other Commitments June 30, 2019, $18,000 Le gal Conting enc ies not, |
Note 11 - Fair Value of Financi
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | ( 1 1 ) Fair Value of Financial Instruments and Fair Value Measurements Generally accepted accounting standards in the U.S. require disclosure of fair value information about financial instruments, whether or not not Generally accepted accounting principles related to Fair Value Measurements define fair value, establish a framework for measuring fair value, establish a three three ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and represent the Company’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. The following disclosures should not Cash and Short-Term Investments 1. Investment Securities 1. not 2. not 3. Federal Home Loan Bank Stock 1. Loans Held for Sale third 2 Loans – 2, 3. Bank-Owned Life Insurance – 1. Deposit Liabilities 1. 2. Subordinated Debentures 2. Other Borr o wed Money 2 Disclosures of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments as of June 30, 2019 December 31, 2018 Fair Value Measurements at June 30, 2019 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 75,412 $ 75,412 $ 75,412 $ - $ - Investment Securities Available for Sale 409,839 409,839 - 406,405 3,434 Other Investments, at Cost 3,261 3,261 3,261 - - Loans Held for Sale 3,813 3,813 - 3,813 - Loans, Net 927,917 925,547 - 922,868 2,679 Bank-Owned Life Insurance 21,357 21,357 21,357 - - Liabilities Deposits 1,297,723 1,300,200 908,153 392,047 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 55,063 54,865 - 54,865 - Fair Value Measurements at December 31, 2018 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 60,156 $ 60,156 $ 60,156 $ - $ - Investment Securities Available for Sale 353,066 353,066 - 348,788 4,278 Federal Home Loan Bank Stock 2,978 2,978 2,978 - - Loans, Net 774,249 769,809 - 766,457 3,352 Bank-Owned Life Insurance 17,598 17,598 17,598 - - Liabilities Deposits 1,085,125 1,086,503 744,094 342,409 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 44,000 44,032 - 44,032 - Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not one no Fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not not not Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring and nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy: Assets Securities 1 1 not 2 3 Impaired L oans third 3 Other Real Estate third may third 10 3 Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis – June 30, 2019 December 31, 2018, June 30, 2019 December 31, 2018. Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs June 30, 2019 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale U.S. Government Agencies Mortgage-Backed $ 403,408 $ - $ 400,189 $ 3,219 State, County and Municipal 3,574 - 3,359 215 Corporate Bonds 2,857 - 2,857 - $ 409,839 $ - $ 406,405 $ 3,434 Nonrecurring Impaired Loans $ 2,679 $ - $ - $ 2,679 Other Real Estate $ 714 $ - $ - $ 714 Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs December 31, 2018 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale U.S. Government Agencies Mortgage-Backed $ 346,205 $ - $ 342,142 $ 4,063 State, County and Municipal 3,989 - 3,775 214 Corporate Bonds 2,872 - 2,872 - $ 353,066 $ - $ 348,789 $ 4,277 Nonrecurring Impaired Loans $ 3,352 $ - $ - $ 3,352 Other Real Estate $ 1,183 $ - $ - $ 1,183 Liabilities The Company did not Fair Value Measurements Using Significant Unobservable Inputs (Level 3 The following table presents quantitative information about the significant unobservable inputs used in the fair value measurements for assets in level 3 June 30, 2019 December 31, 2018. Valuation Unobservable Range June 30, 2019 Techniques Inputs Weighted Avg Real Estate Residential Real Estate 218 Sales Comparison Adjustment for Differences (10.86)% - 6.70% Between the Comparable Sales (2.08)% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Commercial Real Estate 2,134 Income Approach Capitalization Rate 7.75% - 10.50% 9.13% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Farmland 327 Sales Comparison Adjustment for Differences (71.00)% - (3.50)% Between the Comparable Sales (37.25)% Management Adjustments for 10.00% - 80.00% Age of Appraisals and/or Current 45.00% Market Conditions Other Real Estate Owned 714 Sales Comparison Adjustment for Differences (30.00)% - 25.02% Between the Comparable Sales (2.49)% Management Adjustments for 9.82% - 99.39% Age of Appraisals and/or Current 40.36% Market Conditions Sales Contract Adjustment for Estimated Costs 0.00% - 0.00% to Sell (0.00)% Income Approach Discount Rate 10.00% Valuation Unobservable Range December 31, 2018 Techniques Inputs Weighted Avg Real Estate Commercial Construction $ 360 Sales Comparison Adjustment for Differences (6.00)% - 1,975.00% Between the Comparable Sales 984.20% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 213 Sales Comparison Adjustment for Differences (10.86)% - 6.70% Between the Comparable Sales (2.08)% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Commercial Real Estate 2,415 Sales Comparison Adjustment for Differences (60.00)% - 80.00% Between the Comparable Sales 10.00% Management Adjustments for 0.00% - 35.00% Age of Appraisals and/or Current 17.50% Market Conditions Income Approach Capitalization Rate 10.13% Farmland 328 Sales Comparison Adjustment for Differences (71.00)% - (3.50)% Between the Comparable Sales (37.25)% Management Adjustments for 10.00% - 80.00% Age of Appraisals and/or Current 45.00% Market Conditions Commercial 36 Sales Contract Adjustment for Estimated Costs 0.00% - 0.00% to Sell (0.00)% Management Adjustment for 0.00% - 15.00% Age of Appraisals and/or Current 15.00% Market Conditions Other Real Estate Owned 1,183 Sales Comparison Adjustment for Differences (30.00)% - 25.02% Between the Comparable Sales (2.49)% Management Adjustment for 9.82% - 99.39% Age of Appraisals and/or Current 35.26% Market Conditions Income Approach Capitalization Rate 10.00% The table below presents a reconciliation and statement of income classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (level 3 six June 30, 2019 twelve December 31, 2018. Available for Sale Securities June 30, 2019 December 31, 2018 Balance, Beginning $ 4,277 $ 7,298 Transfers out of Level 3 - (2,009 ) Maturities - - Purchases - - Paydowns (883 ) (886 ) Unrealized Gains included in Other Comprehensive Income (Loss) 40 (126 ) Balance, Ending $ 3,434 $ 4,277 The Company’s policy is to recognize transfers in and transfers out of levels 1, 2 3 no six June 30, 2019 one $2,009 3 2 twelve December 31, 2018. The following table presents quantitative information about recurring level 3 June 30, 2019. Unobservable Range June 30, 2019 Fair Value Valuation Techniques Inputs (Weighted Avg) State, County and Municipal $ 215 Discounted Cash Flow Discount Rate or Yield N/A* U. S. Government Agencies Mortgage -Backed 3,219 Fundamental Analysis Discount Rate or Yield N/A* * The Company relies on a third third not |
Note 12 - Regulatory Capital Ma
Note 12 - Regulatory Capital Matters | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | ( 1 2 ) Regulatory Capital Matters The amount of dividends payable to the parent company from the subsidiary bank is limited by various banking regulatory agencies. Upon approval by regulatory authorities, the Bank may The Company is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and, possibly, additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios of total and Tier 1 1 June 30, 2019, 1 June 30, 2019, no The Basel III rules also require the implementation of a new capital conservation buffer comprised of common equity Tier 1 January 1, 2016 0.625% 0.625% 2.5% January 1, 2019. The following table summarizes regulatory capital information as of June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of June 30, 2019 Total Capital to Risk-Weighted Assets Consolidated $ 136,952 13.37 % $ 81,961 8.00 % N/A N/A Colony Bank 148,554 14.52 81,856 8.00 $ 102,320 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 130,163 12.70 61,470 6.00 N/A N/A Colony Bank 141,765 13.86 61,392 6.00 81,856 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 106,663 10.41 46,103 4.50 N/A N/A Colony Bank 141,765 13.86 46,044 4.50 66,508 6.50 Tier I Capital to Average Assets Consolidated 130,163 9.34 55,765 4.00 N/A N/A Colony Bank 141,765 10.18 55,684 4.00 69,606 5.00 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018 Total Capital to Risk-Weighted Assets Consolidated $ 133,900 15.86 % $ 67,527 8.00 % N/A N/A Colony Bank 131,723 15.63 67,418 8.00 $ 84,272 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 126,623 15.00 50,645 6.00 N/A N/A Colony Bank 124,446 14.77 50,563 6.00 67,418 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 103,123 12.22 37,984 4.50 N/A N/A Colony Bank 124,446 14.77 37,923 4.50 54,777 6.50 Tier I Capital to Average Assets Consolidated 126,623 10.24 49,478 4.00 N/A N/A Colony Bank 124,446 10.08 49,396 4.00 61,745 5.00 |
Note 13 - Stock-based Compensat
Note 13 - Stock-based Compensation | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | ( 13 In August 2018, 5,650 $17.73 July 30, 2019, July 2020 July 2021, no not Compensation expense for restricted stock is based on the market price of the Company stock at the time of the grant and amortized on a straight-line basis over the vesting period. The balance of unearned compensation related to these restricted shares as of June 30, 2019 $69,448 2.08 six June 30, 2019 $16,668. |
Note 14 - Earnings Per Share
Note 14 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | ( 1 4 ) Earnings Per Share Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflects the potential dilution of restricted stock and common stock warrants. Net income available to common stockholders represents net income after preferred stock dividends. The following table presents earnings per share for the three six June 30, 2019 2018. Three Months Ended Six Months Ended June 30 June 30 2019 2018 2019 2018 Numerator Net Income Available to Common Stockholders $ 2,101 $ 3,069 $ 4,936 $ 6,257 Denominator Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share 9,089 8,439 8,765 8,439 Dilutive Effect of Potential Common Stock Restricted Stock - - - - Stock Warrants - 173 - 196 Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share 9,089 8,612 8,765 8,635 Earnings Per Share - Basic $ 0.23 $ 0.36 $ 0.56 $ 0.74 Earnings Per Share - Diluted $ 0.23 $ 0.36 $ 0.56 $ 0.72 |
Note 15 - Accumulated Other Com
Note 15 - Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | ( 1 5 ) Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) for unrealized gains and losses securities available for sale for the period ended June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 Beginning Balance $ (8,190 ) $ (6,492 ) Other Comprehensive Income Before Reclassification 8,472 (1,606 ) Amounts Reclassified from Accumulated Other Comprehensive Income (51 ) (92 ) Net Current Period Other Comprehensive Income 8,421 (1,698 ) Ending Balance $ 231 $ (8,190 ) |
Note 16 - Segment Information
Note 16 - Segment Information | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | ( 16 The Company’s operating segments include banking and mortgage banking. The reportable segments are determined by the products and services offered, and internal reporting. The Bank segment derives its revenues from the delivery of full-service financial services, including retail and commercial banking services and deposit accounts. The Mortgage Banking segment derives its revenues from the origination and sales of residential mortgage loans held for sale. Segment performance is evaluated using net interest income and noninterest income. Income taxes are allocated based on income before income taxes, and indirect expenses (includes management fees) are allocated based on various internal factors for each segment. Transactions among segments are made at fair value. Information reported internally for performance assessment follows. Three Months Ended June 30, 2019 Bank Mortgage Banking Holding Company Totals Net Interest Income $ 12,200 $ 19 $ (394 ) $ 11,825 Provision for Loan Losses 179 - - 179 Noninterest Income 3,492 500 8 4,000 Noninterest Expenses 11,636 722 656 13,014 Income Taxes 737 - (206 ) 531 Segment Profit (Loss) $ 3,140 $ (203 ) $ (836 ) $ 2,101 Segment Assets at June 30, 2019 $ 1,498,212 $ 4,539 $ 4,221 $ 1,506,972 Three Months Ended June 30, 2018 Bank Mortgage Banking Holding Company Totals Net Interest Income $ 10,411 $ - $ (246 ) $ 10,165 Provision for Loan Losses 44 - - 44 Noninterest Income 2,317 - 7 2,324 Noninterest Expenses 8,325 - 276 8,601 Income Taxes 877 - (102 ) 775 Segment Profit (Loss) $ 3,482 $ - $ (413 ) $ 3,069 Segment Assets at June 30, 2018 $ 1,199,709 $ - $ 4,763 $ 1,204,472 Six Months Ended June 30, 2019 Bank Mortgage Banking Holding Company Totals Net Interest Income $ 22,832 $ 19 $ (669 ) $ 22,182 Provision for Loan Losses 310 - - 310 Noninterest Income 5,675 643 16 6,334 Noninterest Expenses 20,242 846 952 22,040 Income Taxes 1,548 5 (323 ) 1,230 Segment Profit (Loss) $ 6,407 $ (189 ) $ (1,282 ) $ 4,936 Segment Assets at June 30, 2019 $ 1,498,212 $ 4,539 $ 4,221 $ 1,506,972 Six Months Ended June 30, 2018 Bank Mortgage Banking Holding Company Totals Net Interest Income $ 20,753 $ - $ (459 ) $ 20,294 Provision for Loan Losses 70 - - 70 Noninterest Income 4,744 - 14 4,758 Noninterest Expenses 16,605 - 532 17,137 Income Taxes 1,782 - (194 ) 1,588 Segment Profit (Loss) $ 7,040 $ - $ (783 ) $ 6,257 Segment Assets at June 30, 2018 $ 1,199,709 $ - $ 4,763 $ 1,204,472 Part I (Continued) 1 |
Note 17 - Subsequent Events
Note 17 - Subsequent Events | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | ( 17 ) Subsequent Events On July 3, 2019, two On July 18, 2019, $0.075 July 31, 2019, August 15, 2019. Colony Risk Management, Inc. (“the Captive”), a wholly-owned subsidiary of the Company, began operations in July 2019, 694C, 831 831 not $2,300,000, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Presentation Colony Bankcorp, Inc. (the “Company”) is a bank holding company located in Fitzgerald, Georgia. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Colony Bank, Fitzgerald, Georgia (the “Bank”). All significant intercompany accounts have been eliminated in consolidation. The accounting and reporting policies of the Company conform to generally accepted accounting principles and practices utilized in the commercial banking industry. In July 2019, All dollars in notes to consolidated financial statements are rounded to the nearest thousand, except for per share amounts. The consolidated financial statements in this report are unaudited, except for the December 31, 2018 six June 30, 2019 not may |
Nature of Operations [Policy Text Block] | Nature of Operations The Bank provides a full range of retail, commercial and mortgage banking services for consumers and small- to medium-size businesses located primarily in central, south and coastal Georgia. The Bank is headquartered in Fitzgerald, Georgia with banking and mortgage offices in Albany, Ashburn, Athens, Broxton, Centerville, Columbus, Cordele, Douglas, Eastman, Fitzgerald, LaGrange, Leesburg, Macon, Moultrie, Quitman, Rochelle, Savannah, Soperton, Sylvester, Statesboro, Thomaston, Tifton, Valdosta and Warner Robins. Lending and investing activities are funded primarily by deposits gathered through its retail banking office network. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date and revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and fair value of assets acquired and liabilities assumed in a business combination. |
Reclassification, Policy [Policy Text Block] | Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to statement presentations selected for 2019. not |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Credit Risk Concentrations of credit risk can exist in relation to individual borrowers or groups of borrowers, certain types of collateral, certain types of industries, or certain geographic regions. The Company has a concentration in real estate loans as well as a geographic concentration that could pose an adverse credit risk. At June 30, 2019, 86 The success of the Company is dependent, to a certain extent, upon the economic conditions in the geographic markets it serves. Adverse changes in the economic conditions in these geographic markets would likely have a material adverse effect on the Company’s results of operations and financial condition. The operating results of the Company depend primarily on its net interest income. Accordingly, operations are subject to risks and uncertainties surrounding the exposure to changes in the interest rate environment. At times, the Company may |
Investment, Policy [Policy Text Block] | Investment Securities The Company classifies its investment securities as trading, available for sale or held to maturity. Securities that are held principally for resale in the near term are classified as trading. Trading securities are carried at fair value, with realized and unrealized gains and losses included in noninterest income. Currently, no not may The Company evaluates each held to maturity and available for sale security in a loss position for other-than-temporary impairment (“OTTI”). In estimating other-than-temporary impairment losses, management considers such factors as the length of time and the extent to which the market value has been below cost, the financial condition of the issuer and the Company’s intent to sell and whether it is more likely than not not not not not |
Policy Loans Receivable, Policy [Policy Text Block] | Loans Held for Sale Loans held for sale are classified at the lower of cost or market value, which is computed by the aggregate method. Gains and losses on loans held for sale are included in the determination of income for the period in which the sales occur. Loans Loans that the Company has the ability and intent to hold for the foreseeable future or until maturity are recorded at their principal amount outstanding, net of unearned interest and fees. Loan origination fees, net of certain direct origination costs, are deferred and amortized over the estimated terms of the loans using the straight-line method. Interest income on loans is recognized using the effective interest method. A loan is considered to be delinquent when payments have not When management believes there is sufficient doubt as to the collectability of principal or interest on any loan or generally when loans are 90 no |
Troubled Debt Restructuring [Policy Text Block] | Loans Modified in a Troubled Debt Restructuring ( “ TDR ” ) Loans are considered to have been modified in a TDR when, due to a borrower’s financial difficulty, the Company makes certain concessions to the borrower that it would not may 6 may may six not |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the inability to collect a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The allowance consists of specific, historical and general components. The specific component relates to loans that are classified as either doubtful, substandard or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan are lower than the carrying value of that loan. The historical component covers nonclassified loans and is based on historical loss experience adjusted for qualitative factors. A general component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The general component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and historical losses in the portfolio. General valuation allowances are based on internal and external qualitative risk factors such as ( 1 2 3 4 5 6 7 8 9 Loans identified as losses by management, internal loan review and/or regulatory agencies are charged off. 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 payments of principal or 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. Loans that experience insignificant payment delays and payment shortfalls generally are not A significant portion of the Company’s impaired loans are deemed to be collateral dependent. Management therefore measures impairment on these loans based on the fair value of the collateral. Collateral values are determined based on appraisals performed by qualified licensed appraisers hired by the Company or by senior members of the Company’s credit administration staff. The decision whether or not third may third may 10 not may Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a level 3 |
Property, Plant and Equipment, Policy [Policy Text Block] | Premises and Equipment Premises and equipment are recorded at acquisition cost net of accumulated depreciation. Depreciation is charged to operations over the estimated useful lives of the assets. The estimated useful lives and methods of depreciation are as follows: Description Life in Years Method Banking Premises 15 - 40 Straight-Line and Accelerated Furniture and Equipment 5 - 10 Straight-Line and Accelerated Expenditures for major renewals and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. When property and equipment are retired or sold, the cost and accumulated depreciation are removed from the respective accounts and any gain or loss is reflected in other income or expense. |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. Goodwill is assigned to reporting units and tested for impairment at least annually, or on an interim basis if an event occurs or circumstances change that would more likely than not |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | Intangible Assets Intangible assets consist of core deposit intangibles acquired in connection with a business combination. The core deposit intangible is initially recognized based on a valuation performed as of the consummation date. The core deposit intangible is amortized on an accelerated basis over the average remaining life of the acquired customer deposits. |
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Policy [Policy Text Block] | Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not |
Cash and Cash Equivalents, Policy [Policy Text Block] | Statement of Cash Flows For reporting cash flows, cash and cash equivalents include cash on hand, noninterest-bearing amounts due from banks and federal funds sold. Cash flows from demand deposits, interest-bearing checking accounts, savings accounts, loans and certificates of deposit are reported net. |
Advertising Cost [Policy Text Block] | Advertising Costs The Company expenses the cost of advertising in the periods in which those costs are incurred. |
Income Tax, Policy [Policy Text Block] | Income Taxes The provision for income taxes is based upon income for financial statement purposes, adjusted for nontaxable income and nondeductible expenses. Deferred income taxes have been provided when different accounting methods have been used in determining income for income tax purposes and for financial reporting purposes. Deferred tax assets and liabilities are recognized based on future tax consequences attributable to differences arising from the financial statement carrying values of assets and liabilities and their tax bases. The differences relate primarily to depreciable assets (use of different depreciation methods for financial statement and income tax purposes) and allowance for loan losses (use of the allowance method for financial statement purposes and the direct write-off method for tax purposes). In the event of changes in the tax laws, deferred tax assets and liabilities are adjusted in the period of the enactment of those changes, with effects included in the income tax provision. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not Positions taken in the Company’s tax returns may not 50 may first |
Real Estate Owned, Valuation Allowance, Policy [Policy Text Block] | Other Real Estate Other real estate generally represents real estate acquired through foreclosure and is initially recorded at estimated fair value at the date of acquisition less the cost of disposal. Losses from the acquisition of property in full or partial satisfaction of debt are recorded as loan losses. Properties are evaluated regularly to ensure the recorded amounts are supported by current fair values, and valuation allowances are recorded as necessary to reduce the carrying amount to fair value less estimated cost of disposal. Routine holding costs and gains or losses upon disposition are included in other noninterest expense. |
Bank Owned Life Insurance [Policy Text Block] | Bank-Owned Life Insurance The Company has purchased life insurance on the lives of certain key members of management and directors. The life insurance policies are recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or amounts due that are probable at settlement, if applicable. Increases in the cash surrender value are recorded as other income in the consolidated statements of income. The cash surrender value of the insurance contracts is recorded in other assets on the consolidated balance sheets in the amount of $21,357 $17,598 June 30, 2019 December 31, 2018, |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on securities available for sale, represent equity changes from economic events of the period other than transactions with owners and are not |
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block] | Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded. |
New Accounting Pronouncements, Policy [Policy Text Block] | Changes in Accounting Principles and Effects of New Accounting Pronouncements ASU 2016 02, Leases (Topic 842 . December 15, 2018, 2016 02 January 1, 2019. not June 30, 2019. ASU 2016 13, Financial Instruments – Credit Losses (Topic 326 December 15, 2019, July 17, 2019, December 15, 2022. ASU 2017 04, Intangibles: Goodwill and Other: Simplifying the Test for Goodwill Impairmen t 2017 04 2 not 2017 04 zero 2 2017 04 December 15, 2019. January 1, 2017. not ASU 2017 08, Premium Amortization on Purchased Callable Debt Securities. not No. 2017 08 December 15, 2018; first 2017 08 January 1, 2019. not ASU 2018 13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (Topic 820 2018 13 December 15, 2019; 2018 13 ASU 2019 1, Leases (Topic 842 2019 1 2016 02, 1 not 2 942, 3 2019 1 first second December 15, 2019; first 2016 02. third no 2016 02. not ASU 2019 04, Codification Improvements to Financial Instruments – Credit Losses (Topic 326 Derivatives and Hedging (Topic 815 825 2019 4 2016 13, 2017 12, 2016 1, 2016 13, three 2016 13 2016 13. |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Estimated Useful Lives and Methods of Depreciation [Table Text Block] | Description Life in Years Method Banking Premises 15 - 40 Straight-Line and Accelerated Furniture and Equipment 5 - 10 Straight-Line and Accelerated |
Note 2 - Business Acquisitions
Note 2 - Business Acquisitions (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Purchase Price Consideration (in thousands) : Cash Consideration $ 10,238 Total purchase price for PFB branch acquisition $ 10,238 Assets acquired at fair value: Cash and cash equivalents $ 195 Loans 20,430 Premises and equipment 773 Core deposit intangible 560 Other assets 123 Total fair value of assets acquired $ 22,081 Liabilities assumed at fair value: Deposits $ 12,032 Other liabilities 13 Total fair value of liabilities assumed $ 12,045 Net Assets acquired at fair value: $ 10,036 Amount of goodwill resulting from acquisition $ 202 Purchase Price Consideration (in thousands): Shares of CBAN Common Stock Issued to LBC Shareholders as of May 1, 2019 1,054,029 Market Price of CBAN Common Stock on May 1, 2019 $ 17.75 Estimated Fair Value of CBAN Common Stock Issued 18,709 Cash Consideration Paid 15,312 Total Consideration $ 34,021 Assets acquired at fair value: Cash and Cash Equivalents $ 15,678 Investments Securities Available for Sale 49,172 Investments Securities Held to Maturity 1,766 Restricted Investments 479 Loans 130,568 Premises and Equipment 3,009 Core Deposit Intangible 3,100 Other Real Owned 243 Prepaid and Other Assets 6,487 Total Fair Value of Assets Acquired $ 210,502 Liabilities Assumed at Fair Value: Deposits $ (189,896 ) FHLB Advances (1,000 ) Payables and Other Liabilities (975 ) Total Fair Value of Liabilities Assumed $ (191,871 ) Net Assets Acquired at Fair Value: $ 18,631 Amount of Goodwill Resulting From Acquisition $ 15,390 Purchase Price Consideration (in thousands): Cash Consideration Paid $ 833 Total Consideration $ 833 Assets acquired at fair value: Premises and Equipment $ 78 Premium on Loan Commitments 209 Other Assets 5 Total Fair Value of Assets Acquired $ 292 Liabilities Assumed at Fair Value: Total Fair Value of Liabilities Assumed $ - Net Assets Acquired at Fair Value: $ 292 Amount of Goodwill Resulting From Acquisition $ 541 |
LBC Bancshares, Inc [Member] | |
Notes Tables | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | Contractually Required Principal and Interest $ 695 Non-accretable Difference (519 ) Cash Flows Expected to be Collected 176 Accretable Yield - Total Purchased Credit-Impaired Loans Acquired $ 176 |
Schedule of Business Acquisitions by Acquisition, Acquired Loan Data [Table Text Block] | Fair Value of Acquired Loans at Acquisition Date Gross Contractual Amounts Receivable at Acquisition Date Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected Acquired receivables subject to ASC 310-30 $ 176 $ 695 $ 519 Acquired receivables not subject to ASC 310-30 $ 130,392 $ 132,381 $ - |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Marketable Securities [Table Text Block] | June 30, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 403,165 $ 3,406 $ (3,163 ) $ 403,408 State, County & Municipal 3,511 63 - 3,574 Corporate Bonds 2,870 - (13 ) 2,857 $ 409,546 $ 3,469 $ (3,176 ) $ 409,839 December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 356,498 $ 303 $ (10,596 ) $ 346,205 State, County & Municipal 4,008 18 (37 ) 3,989 Corporate Bonds 2,927 - (55 ) 2,872 $ 363,433 $ 321 $ (10,688 ) $ 353,066 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Securities Available for Sale Amortized Cost Fair Value Due In One Year or Less $ - $ - Due After One Year Through Five Years 4,142 4,147 Due After Five Years Through Ten Years 1,135 1,167 Due After Ten Years 1,104 1,117 $ 6,381 $ 6,431 Mortgage-Backed Securities 403,165 403,408 $ 409,546 $ 409,839 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less Than 12 Months 12 Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses June 30, 2019 U. S. Government Agencies Mortgage-Backed $ 9,891 $ (19 ) $ 182,244 $ (3,144 ) $ 192,135 $ (3,163 ) State, County and Municipal - - - - - - Corporate Bonds 2,015 (6 ) 842 (7 ) 2,857 (13 ) $ 11,906 $ (25 ) $ 183,086 $ (3,151 ) $ 194,992 $ (3,176 ) December 31. 2018 U.S. Government Agencies Mortgage-Backed $ 39,083 $ (504 ) $ 255,747 $ (10,092 ) $ 294,830 $ (10,596 ) State, County and Municipal 612 (3 ) 1,882 (34 ) 2,494 (37 ) Corporate Bonds 2,009 (21 ) 863 (34 ) 2,872 (55 ) $ 41,704 $ (528 ) $ 258,492 $ (10,160 ) $ 300,196 $ (10,688 ) |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, 2019 Legacy Loans Purchased Loans Total Commercial and Agricultural Commercial $ 43,561 $ 24,974 $ 68,535 Agricultural 18,561 300 18,861 Real Estate Commercial Construction 60,949 12,029 72,978 Residential Construction 13,193 5,429 18,622 Commercial 376,063 57,753 433,816 Residential 177,183 28,005 205,188 Farmland 70,413 3,859 74,272 Consumer and Other Consumer 17,860 5,206 23,066 Other 18,262 1,671 19,933 Total Loans $ 796,045 $ 139,226 $ 935,271 December 31, 2018 Legacy Loans Purchased Loans Total Commercial and Agricultural Commercial $ 50,181 $ 7,229 $ 57,410 Agricultural 15,993 806 16,799 Real Estate Commercial Construction 46,609 1,240 47,849 Residential Construction 12,242 258 12,500 Commercial 366,792 6,742 373,534 Residential 185,699 2,015 187,714 Farmland 62,674 35 62,709 Consumer and Other Consumer 18,423 62 18,485 Other 5,027 - 5,027 Total Loans $ 763,640 $ 18,387 $ 782,027 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Pass Special Mention Substandard Total Loans June 30, 2019 Commercial and Agricultural Commercial $ 41,376 $ 1,471 $ 714 $ 43,561 Agricultural 16,050 1,137 1,374 18,561 Real Estate Commercial Construction 60,546 117 286 60,949 Residential Construction 12,839 - 354 13,193 Commercial 360,806 8,048 7,209 376,063 Residential 162,927 4,015 10,241 177,183 Farmland 64,519 3,000 2,894 70,413 Consumer and Other Consumer 17,550 84 226 17,860 Other 18,262 - - 18,262 Total Loans $ 754,875 $ 17,872 $ 23,298 $ 796,045 December 31, 2018 Commercial and Agricultural Commercial $ 48,579 $ 729 $ 873 $ 50,181 Agricultural 14,858 637 498 15,993 Real Estate Commercial Construction 45,847 45 717 46,609 Residential Construction 12,242 - - 12,242 Commercial 351,397 7,662 7,733 366,792 Residential 168,035 7,107 10,557 185,699 Farmland 58,678 1,912 2,084 62,674 Consumer and Other Consumer 18,042 59 322 18,423 Other 5,018 5 4 5,027 Total Loans $ 722,696 $ 18,156 $ 22,788 $ 763,640 Pass Special Mention Substandard Total Loans June 30, 2019 Commercial and Agricultural Commercial $ 24,632 $ 121 $ 221 $ 24,974 Agricultural 300 - - 300 Real Estate Commercial Construction 11,960 - 69 12,029 Residential Construction 5,429 - - 5,429 Commercial 57,364 389 - 57,753 Residential 27,682 298 25 28,005 Farmland 3,820 - 39 3,859 Consumer and Other Consumer 5,202 - 4 5,206 Other 1,671 - - 1,671 Total Loans $ 138,060 $ 808 $ 358 $ 139,226 December 31, 2018 Commercial and Agricultural Commercial $ 7,229 $ - $ - $ 7,229 Agricultural 806 - - 806 Real Estate Commercial Construction 1,240 - - 1,240 Residential Construction 258 - - 258 Commercial 6,742 - - 6,742 Residential 2,015 - - 2,015 Farmland 35 - - 35 Consumer and Other Consumer 62 - - 62 Other - - - - Total Loans $ 18,387 $ - $ - $ 18,387 |
Financing Receivable, Past Due [Table Text Block] | Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current Loans Total Loans June 30, 2019 Commercial and Agricultural Commercial $ 365 $ - $ 365 $ 442 $ 42,754 $ 43,561 Agricultural - - - 1,304 17,257 18,561 Real Estate Commercial Construction 123 - 123 36 60,790 60,949 Residential Construction - - - 354 12,839 13,193 Commercial 822 - 822 1,849 373,392 376,063 Residential 2,276 - 2,276 2,786 172,121 177,183 Farmland 139 - 139 2,669 67,605 70,413 Consumer and Other Consumer 61 2 63 131 17,666 17,860 Other - - - - 18,262 18,262 Total Loans $ 3,786 $ 2 $ 3,788 $ 9,571 $ 782,686 $ 796,045 December 31, 2018 Commercial and Agricultural Commercial $ 282 $ - $ 282 $ 637 $ 49,262 $ 50,181 Agricultural 117 - 117 413 15,463 15,993 Real Estate Commercial Construction 88 - 88 463 46,058 46,609 Residential Construction - - - - 12,242 12,242 Commercial 679 - 679 2,966 363,147 366,792 Residential 6,882 - 6,882 2,734 176,083 185,699 Farmland 76 - 76 2,052 60,546 62,674 Consumer and Other Consumer 110 - 110 213 18,100 18,423 Other - - - 4 5,023 5,027 Total Loans $ 8,234 $ - $ 8,234 $ 9,482 $ 745,924 $ 763,640 Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current Loans Total Loans June 30, 2019 Commercial and Agricultural Commercial $ 178 $ - $ 178 $ 43 $ 24,753 $ 24,974 Agricultural - - - - 300 300 Real Estate Commercial Construction - - - 69 11,960 12,029 Residential Construction - - - - 5,429 5,429 Commercial - - - - 57,753 57,753 Residential 9 - 9 25 27,971 28,005 Farmland - - - 39 3,820 3,859 Consumer and Other Consumer 16 - 16 4 5,186 5,206 Other - - - - 1,671 1,671 Total Loans $ 203 $ - $ 203 $ 180 $ 138,843 $ 139,226 December 31, 2018 Commercial and Agricultural Commercial $ - $ - $ - $ - $ 7,229 $ 7,229 Agricultural - - - - 806 806 Real Estate Commercial Construction - - - - 1,240 1,240 Residential Construction - - - - 258 258 Commercial - - - - 6,742 6,742 Residential - - - - 2,015 2,015 Farmland - - - - 35 35 Consumer and Other Consumer - - - - 62 62 Other - - - - - - Total Loans $ - $ - $ - $ - $ 18,387 $ 18,387 |
Impaired Financing Receivables [Table Text Block] | June 30, 2019 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 442 $ 442 $ - $ 525 $ 15 $ 16 Agricultural 736 716 - 544 9 21 Commercial Construction 104 104 - 115 3 3 Residential Construction 354 354 - 118 4 4 Commercial Real Estate 12,372 11,504 - 12,341 291 293 Residential Real Estate 3,872 3,849 - 3,979 83 98 Farmland 2,670 2,668 - 2,246 (25 ) 17 Consumer 132 132 - 159 3 4 Other - - - 2 - - 20,682 19,769 - 20,029 383 456 With An Allowance Recorded Commercial - - - 14 - - Agricultural 588 588 588 196 9 33 Commercial Construction - - - 133 - - Residential Construction - - - - - - Commercial Real Estate 3,031 3,031 897 2,902 61 62 Residential Real Estate 267 267 49 270 11 11 Farmland 359 359 32 361 13 12 Consumer - - - - - - Other - - - - - - 4,245 4,245 1,566 3,876 94 118 Purchased Credit Impaired Loans Commercial 68 42 - 14 - - Commercial Construction 122 69 - 23 - - Residential Real Estate 23 14 - 5 - - Farmland 237 40 - 13 - - Consumer 195 - - - - - 645 165 - 55 - - Total Commercial 510 484 - 553 15 16 Agricultural 1,324 1,304 588 740 18 54 Commercial Construction 226 173 - 271 3 3 Residential Construction 354 354 - 118 4 4 Commercial Real Estate 15,403 14,535 897 15,243 352 355 Residential Real Estate 4,162 4,130 49 4,254 94 109 Farmland 3,266 3,067 32 2,620 (12 ) 29 Consumer 327 132 - 159 3 4 Other - - - 2 - - $ 25,572 $ 24,179 $ 1,566 $ 23,960 $ 477 $ 574 December 31, 2018 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 595 $ 595 $ - $ 526 $ 21 $ 24 Agricultural 434 413 - 383 18 25 Commercial Construction 132 132 - 69 8 8 Residential Contruction - - - - - Commercial Real Estate 12,164 12,164 - 11,040 582 583 Residential Real Estate 4,214 4,130 - 4,067 208 213 Farmland 2,054 2,052 - 1,361 53 82 Consumer 213 213 - 197 14 14 Other 4 4 - 1 - - 19,810 19,703 - 17,644 904 949 With An Allowance Recorded Commercial 42 42 6 8 2 2 Agricultural - - - - - - Commercial Construction 399 399 39 466 - - Residential Contruction - - - - - - Commercial Real Estate 3,691 3,691 1,276 5,121 135 142 Residential Real Estate 274 274 61 98 8 8 Farmland 364 364 36 368 24 25 Consumer - - - - - - Other - - - - - - 4,770 4,770 1,418 6,061 169 177 Total Commercial 637 637 6 534 23 26 Agricultural 434 413 - 383 18 25 Commercial Construction 531 531 39 535 8 8 Residential Contruction - - - - - - Commercial Real Estate 15,855 15,855 1,276 16,161 717 725 Residential Real Estate 4,488 4,404 61 4,165 216 221 Farmland 2,418 2,416 36 1,729 77 107 Consumer 213 213 - 197 14 14 Other 4 4 - 1 - - $ 24,580 $ 24,473 $ 1,418 $ 23,705 $ 1,073 $ 1,126 June 30, 2018 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 367 $ 367 $ - $ 520 $ 5 $ 5 Agricultural 311 290 - 360 9 12 Commercial Construction 16 16 - 38 1 1 Residential Contruction - - - - - - Commercial Real Estate 10,201 10,201 - 11,092 235 236 Residential Real Estate 3,892 3,805 - 4,113 87 89 Farmland 980 978 - 896 5 7 Consumer 200 200 - 199 6 6 Other - - - - - - 15,967 15,857 - 17,218 348 356 With An Allowance Recorded Commercial - - - - - - Agricultural - - - - - - Commercial Construction 482 482 54 487 2 2 Residential Contruction - - - - - - Commercial Real Estate 5,047 5,047 1,371 5,371 106 99 Residential Real Estate 36 36 21 60 1 1 Farmland 367 367 28 369 12 12 Consumer - - - - - - Other - - - - - - 5,932 5,932 1,474 6,287 121 114 Total Commercial 367 367 - 520 5 5 Agricultural 311 290 - 360 9 12 Commercial Construction 498 498 54 525 3 3 Residential Contruction - - - - - - Commercial Real Estate 15,248 15,248 1,371 16,463 341 335 Residential Real Estate 3,928 3,841 21 4,173 88 90 Farmland 1,347 1,345 28 1,265 17 19 Consumer 200 200 - 199 6 6 Other - - - - - - $ 21,899 $ 21,789 $ 1,474 $ 23,505 $ 469 $ 470 |
Note 5 - Allowance for Loan L_2
Note 5 - Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | June 30, 2019 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 370 $ (125 ) $ 16 $ 122 $ 383 Agricultural 248 - 1 789 1,038 Real Estate Commercial Construction 115 (29 ) 54 (130 ) 10 Residential Construction 16 - - (14 ) 2 Commercial 4,549 (56 ) 38 (790 ) 3,741 Residential 1,181 (647 ) 159 152 845 Farmland 702 (63 ) 3 47 689 Consumer and Other Consumer 86 (179 ) 27 129 63 Other 10 - 3 5 18 $ 7,277 $ (1,099 ) $ 301 $ 310 $ 6,789 June 30, 2018 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 447 $ (116 ) $ 85 $ 28 $ 444 Agricultural 186 (123 ) 7 192 262 Real Estate Commercial Construction 1,216 - 38 (1,172 ) 82 Residential Construction - - - - - Commercial 3,874 (258 ) 37 753 4,406 Residential 968 (89 ) 75 112 1,066 Farmland 780 - 9 79 868 Consumer and Other Consumer 34 (135 ) 49 82 30 Other 3 - 2 (4 ) 1 $ 7,508 $ (721 ) $ 302 $ 70 $ 7,159 |
Schedule of Allowance for Loan Losses by Portfolio Segment [Table Text Block] | June 30, 2019 Ending Allowance Balance Ending Loan Balance Individually Collectively Purchased Individually Collectively Purchased Evaluated for Evaluated for Credit Evaluated for Evaluated for Credit Impairment Impairment Impaired Total Impairment Impairment Impaired Total Commercial and Agricultural Commercial $ - $ 383 $ - $ 383 $ 16 $ 68,477 $ 42 $ 68,535 Agricultural 588 450 - 1,038 850 18,011 - 18,861 Real Estate Commercial Construction - 10 - 10 67 72,842 69 72,978 Residential Construction - 2 - 2 354 18,268 - 18,622 Commercial 897 2,844 - 3,741 14,243 419,573 - 433,816 Residential 49 796 - 845 1,914 203,260 14 205,188 Farmland 32 657 - 689 2,752 71,480 40 74,272 Consumer and Other Consumer - 63 - 63 - 23,066 - 23,066 Other - 18 - 18 - 19,933 - 19,933 Total End of Period Balance $ 1,566 $ 5,223 $ - $ 6,789 $ 20,196 $ 914,910 $ 165 $ 935,271 June 30, 2018 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ - $ 444 $ 444 $ 77 $ 44,952 $ 45,029 Agricultural - 262 262 5 20,032 20,037 Real Estate Commercial Construction 54 28 82 481 48,428 48,909 Residential Construction - - - - 11,541 11,541 Commercial 1,371 3,035 4,406 15,187 336,876 352,063 Residential 21 1,045 1,066 1,910 185,681 187,591 Farmland 28 840 868 1,032 66,835 67,867 Consumer and Other Consumer - 30 30 - 18,746 18,746 Other - 1 1 - 15,013 15,013 Total End of Period Balance $ 1,474 $ 5,685 $ 7,159 $ 18,692 $ 748,104 $ 766,796 |
Note 6 - Other Real Estate Ow_2
Note 6 - Other Real Estate Owned (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Other Real Estate, Roll Forward [Table Text Block] | Six Months Ended Twelve Months Ended June 30, 2019 December 31, 2018 Balance, Beginning $ 1,841 $ 4,256 Additions 166 793 Acquired in Acquisition 243 - Sales of OREO (2,114 ) (2,949 ) Transfer to Bank Premises - (300 ) Gains (Losses) on Sale 955 303 Provision for Losses (104 ) (262 ) Balance, Ending $ 987 $ 1,841 |
Note 7 - Deposits (Tables)
Note 7 - Deposits (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | Six Months Ended Twelve Months Ended June 30, 2019 December 31, 2018 Interest-Bearing Demand $ 591,236 $ 471,794 Savings 84,606 79,453 Time, $250,000 and Over 71,359 53,881 Other Time 318,211 287,150 $ 1,065,412 $ 892,278 |
Scheduled Maturities Of Certificates Of Deposits [Table Text Block] | Maturity June 30, 2019 December 31, 2018 One Year and Under $ 277,759 $ 241,366 One to Three Years 98,060 82,412 Three Years and Over 13,751 17,253 $ 389,570 $ 341,031 |
Note 8 - Other Borrowed Money (
Note 8 - Other Borrowed Money (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | June 30, 2019 December 31, 2018 Federal Home Loan Bank Advances $ 40,000 $ 44,000 Other Borrowings 15,063 - $ 55,063 $ 44,000 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Year Amount 2019 $ 500 2020 4,500 2021 6,313 2022 19,000 2023 7,000 2024 and After 17,750 $ 55,063 |
Note 9 - Subordinated Debentu_2
Note 9 - Subordinated Debentures (Trust Preferred Securities) (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Subordinated Borrowing [Table Text Block] | 3 Month Added Total 5 Year Description Date Amount Libor Rate Points Rate Maturity Call Option Colony Bankcorp Statutory Trust III 6/17/2004 $ 4,640 2.41025 2.68 5.09025 6/14/2034 6/17/2009 Colony Bankcorp Capital Trust I 4/13/2006 5,155 2.31888 1.50 3.81888 4/13/2036 4/13/2011 Colony Bankcorp Capital Trust II 3/12/2007 9,279 2.31888 1.65 3.96888 3/12/2037 3/12/2012 Colony Bankcorp Capital Trust III 9/14/2007 5,155 2.58275 1.40 3.98275 9/14/2037 9/14/2012 |
Note 10 - Commitments and Con_2
Note 10 - Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Summary Of Financial Instrument Outstanding [Table Text Block] | Contract Amount June 3 0 , 201 9 December 31, 2018 Loan Commitments $ 146,481 $ 98,736 Letters of Credit 1,627 1,525 |
Note 11 - Fair Value of Finan_2
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at June 30, 2019 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 75,412 $ 75,412 $ 75,412 $ - $ - Investment Securities Available for Sale 409,839 409,839 - 406,405 3,434 Other Investments, at Cost 3,261 3,261 3,261 - - Loans Held for Sale 3,813 3,813 - 3,813 - Loans, Net 927,917 925,547 - 922,868 2,679 Bank-Owned Life Insurance 21,357 21,357 21,357 - - Liabilities Deposits 1,297,723 1,300,200 908,153 392,047 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 55,063 54,865 - 54,865 - Fair Value Measurements at December 31, 2018 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 60,156 $ 60,156 $ 60,156 $ - $ - Investment Securities Available for Sale 353,066 353,066 - 348,788 4,278 Federal Home Loan Bank Stock 2,978 2,978 2,978 - - Loans, Net 774,249 769,809 - 766,457 3,352 Bank-Owned Life Insurance 17,598 17,598 17,598 - - Liabilities Deposits 1,085,125 1,086,503 744,094 342,409 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 44,000 44,032 - 44,032 - |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs June 30, 2019 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale U.S. Government Agencies Mortgage-Backed $ 403,408 $ - $ 400,189 $ 3,219 State, County and Municipal 3,574 - 3,359 215 Corporate Bonds 2,857 - 2,857 - $ 409,839 $ - $ 406,405 $ 3,434 Nonrecurring Impaired Loans $ 2,679 $ - $ - $ 2,679 Other Real Estate $ 714 $ - $ - $ 714 Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs December 31, 2018 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale U.S. Government Agencies Mortgage-Backed $ 346,205 $ - $ 342,142 $ 4,063 State, County and Municipal 3,989 - 3,775 214 Corporate Bonds 2,872 - 2,872 - $ 353,066 $ - $ 348,789 $ 4,277 Nonrecurring Impaired Loans $ 3,352 $ - $ - $ 3,352 Other Real Estate $ 1,183 $ - $ - $ 1,183 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Valuation Unobservable Range June 30, 2019 Techniques Inputs Weighted Avg Real Estate Residential Real Estate 218 Sales Comparison Adjustment for Differences (10.86)% - 6.70% Between the Comparable Sales (2.08)% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Commercial Real Estate 2,134 Income Approach Capitalization Rate 7.75% - 10.50% 9.13% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Farmland 327 Sales Comparison Adjustment for Differences (71.00)% - (3.50)% Between the Comparable Sales (37.25)% Management Adjustments for 10.00% - 80.00% Age of Appraisals and/or Current 45.00% Market Conditions Other Real Estate Owned 714 Sales Comparison Adjustment for Differences (30.00)% - 25.02% Between the Comparable Sales (2.49)% Management Adjustments for 9.82% - 99.39% Age of Appraisals and/or Current 40.36% Market Conditions Sales Contract Adjustment for Estimated Costs 0.00% - 0.00% to Sell (0.00)% Income Approach Discount Rate 10.00% Valuation Unobservable Range December 31, 2018 Techniques Inputs Weighted Avg Real Estate Commercial Construction $ 360 Sales Comparison Adjustment for Differences (6.00)% - 1,975.00% Between the Comparable Sales 984.20% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 213 Sales Comparison Adjustment for Differences (10.86)% - 6.70% Between the Comparable Sales (2.08)% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Commercial Real Estate 2,415 Sales Comparison Adjustment for Differences (60.00)% - 80.00% Between the Comparable Sales 10.00% Management Adjustments for 0.00% - 35.00% Age of Appraisals and/or Current 17.50% Market Conditions Income Approach Capitalization Rate 10.13% Farmland 328 Sales Comparison Adjustment for Differences (71.00)% - (3.50)% Between the Comparable Sales (37.25)% Management Adjustments for 10.00% - 80.00% Age of Appraisals and/or Current 45.00% Market Conditions Commercial 36 Sales Contract Adjustment for Estimated Costs 0.00% - 0.00% to Sell (0.00)% Management Adjustment for 0.00% - 15.00% Age of Appraisals and/or Current 15.00% Market Conditions Other Real Estate Owned 1,183 Sales Comparison Adjustment for Differences (30.00)% - 25.02% Between the Comparable Sales (2.49)% Management Adjustment for 9.82% - 99.39% Age of Appraisals and/or Current 35.26% Market Conditions Income Approach Capitalization Rate 10.00% |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | Available for Sale Securities June 30, 2019 December 31, 2018 Balance, Beginning $ 4,277 $ 7,298 Transfers out of Level 3 - (2,009 ) Maturities - - Purchases - - Paydowns (883 ) (886 ) Unrealized Gains included in Other Comprehensive Income (Loss) 40 (126 ) Balance, Ending $ 3,434 $ 4,277 |
Fair Value, Inputs, Level 3 [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Unobservable Range June 30, 2019 Fair Value Valuation Techniques Inputs (Weighted Avg) State, County and Municipal $ 215 Discounted Cash Flow Discount Rate or Yield N/A* U. S. Government Agencies Mortgage -Backed 3,219 Fundamental Analysis Discount Rate or Yield N/A* |
Note 12 - Regulatory Capital _2
Note 12 - Regulatory Capital Matters (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of June 30, 2019 Total Capital to Risk-Weighted Assets Consolidated $ 136,952 13.37 % $ 81,961 8.00 % N/A N/A Colony Bank 148,554 14.52 81,856 8.00 $ 102,320 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 130,163 12.70 61,470 6.00 N/A N/A Colony Bank 141,765 13.86 61,392 6.00 81,856 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 106,663 10.41 46,103 4.50 N/A N/A Colony Bank 141,765 13.86 46,044 4.50 66,508 6.50 Tier I Capital to Average Assets Consolidated 130,163 9.34 55,765 4.00 N/A N/A Colony Bank 141,765 10.18 55,684 4.00 69,606 5.00 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018 Total Capital to Risk-Weighted Assets Consolidated $ 133,900 15.86 % $ 67,527 8.00 % N/A N/A Colony Bank 131,723 15.63 67,418 8.00 $ 84,272 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 126,623 15.00 50,645 6.00 N/A N/A Colony Bank 124,446 14.77 50,563 6.00 67,418 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 103,123 12.22 37,984 4.50 N/A N/A Colony Bank 124,446 14.77 37,923 4.50 54,777 6.50 Tier I Capital to Average Assets Consolidated 126,623 10.24 49,478 4.00 N/A N/A Colony Bank 124,446 10.08 49,396 4.00 61,745 5.00 |
Note 14 - Earnings Per Share (T
Note 14 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended June 30 June 30 2019 2018 2019 2018 Numerator Net Income Available to Common Stockholders $ 2,101 $ 3,069 $ 4,936 $ 6,257 Denominator Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share 9,089 8,439 8,765 8,439 Dilutive Effect of Potential Common Stock Restricted Stock - - - - Stock Warrants - 173 - 196 Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share 9,089 8,612 8,765 8,635 Earnings Per Share - Basic $ 0.23 $ 0.36 $ 0.56 $ 0.74 Earnings Per Share - Diluted $ 0.23 $ 0.36 $ 0.56 $ 0.72 |
Note 15 - Accumulated Other C_2
Note 15 - Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | June 30, 2019 December 31, 2018 Beginning Balance $ (8,190 ) $ (6,492 ) Other Comprehensive Income Before Reclassification 8,472 (1,606 ) Amounts Reclassified from Accumulated Other Comprehensive Income (51 ) (92 ) Net Current Period Other Comprehensive Income 8,421 (1,698 ) Ending Balance $ 231 $ (8,190 ) |
Note 16 - Segment Information (
Note 16 - Segment Information (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended June 30, 2019 Bank Mortgage Banking Holding Company Totals Net Interest Income $ 12,200 $ 19 $ (394 ) $ 11,825 Provision for Loan Losses 179 - - 179 Noninterest Income 3,492 500 8 4,000 Noninterest Expenses 11,636 722 656 13,014 Income Taxes 737 - (206 ) 531 Segment Profit (Loss) $ 3,140 $ (203 ) $ (836 ) $ 2,101 Segment Assets at June 30, 2019 $ 1,498,212 $ 4,539 $ 4,221 $ 1,506,972 Three Months Ended June 30, 2018 Bank Mortgage Banking Holding Company Totals Net Interest Income $ 10,411 $ - $ (246 ) $ 10,165 Provision for Loan Losses 44 - - 44 Noninterest Income 2,317 - 7 2,324 Noninterest Expenses 8,325 - 276 8,601 Income Taxes 877 - (102 ) 775 Segment Profit (Loss) $ 3,482 $ - $ (413 ) $ 3,069 Segment Assets at June 30, 2018 $ 1,199,709 $ - $ 4,763 $ 1,204,472 Six Months Ended June 30, 2019 Bank Mortgage Banking Holding Company Totals Net Interest Income $ 22,832 $ 19 $ (669 ) $ 22,182 Provision for Loan Losses 310 - - 310 Noninterest Income 5,675 643 16 6,334 Noninterest Expenses 20,242 846 952 22,040 Income Taxes 1,548 5 (323 ) 1,230 Segment Profit (Loss) $ 6,407 $ (189 ) $ (1,282 ) $ 4,936 Segment Assets at June 30, 2019 $ 1,498,212 $ 4,539 $ 4,221 $ 1,506,972 Six Months Ended June 30, 2018 Bank Mortgage Banking Holding Company Totals Net Interest Income $ 20,753 $ - $ (459 ) $ 20,294 Provision for Loan Losses 70 - - 70 Noninterest Income 4,744 - 14 4,758 Noninterest Expenses 16,605 - 532 17,137 Income Taxes 1,782 - (194 ) 1,588 Segment Profit (Loss) $ 7,040 $ - $ (783 ) $ 6,257 Segment Assets at June 30, 2018 $ 1,199,709 $ - $ 4,763 $ 1,204,472 |
Note 1 - Summary of Significa_3
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | |
Percentage of Loan Portfolio Concentrated in Loans Secured by Real Estate. | 86.00% | |
Discounted Percentage to Account for Selling and Marketing Costs | 10.00% | |
Probability of Uncertain Tax Positions of Being Realized upon Settlement, Minimum | 50.00% | |
Other Assets [Member] | ||
Cash Surrender Value of Life Insurance | $ 21,357 | $ 17,598 |
Note 1 - Summary of Significa_4
Note 1 - Summary of Significant Accounting Policies - Estimated Useful Lives and Methods of Depreciation (Details) | 6 Months Ended |
Jun. 30, 2019 | |
Banking Premises [Member] | |
Property, plant and equipment, depreciation method | Straight-Line and Accelerated |
Banking Premises [Member] | Minimum [Member] | |
Property, plant and equipment, useful life (Year) | 15 years |
Banking Premises [Member] | Maximum [Member] | |
Property, plant and equipment, useful life (Year) | 40 years |
Furniture and Equipment [Member] | |
Property, plant and equipment, depreciation method | Straight-Line and Accelerated |
Furniture and Equipment [Member] | Minimum [Member] | |
Property, plant and equipment, useful life (Year) | 5 years |
Furniture and Equipment [Member] | Maximum [Member] | |
Property, plant and equipment, useful life (Year) | 10 years |
Note 2 - Business Acquisition_2
Note 2 - Business Acquisitions (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | May 01, 2019 | Oct. 22, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 |
Payments to Acquire Businesses, Gross | $ 467 | ||||||
Goodwill, Ending Balance | $ 16,134 | 16,134 | $ 202 | ||||
Planters First Bank [Member] | |||||||
Payments to Acquire Businesses, Gross | $ 10,200 | ||||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 58 | 129 | |||||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | (85) | (159) | |||||
Goodwill, Ending Balance | 202 | ||||||
Business Acquisition, Goodwill, Expected Tax Deductible Amount | $ 202 | ||||||
LBC Bancshares, Inc [Member] | |||||||
Payments to Acquire Businesses, Gross | $ 15,312 | ||||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 1,770 | 1,770 | |||||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | 501 | 501 | |||||
Goodwill, Ending Balance | $ 15,390 | ||||||
Business Acquisition, Share Price | $ 23.50 | ||||||
Business Acquisition, Number of Shares of Acquiring Entity for Each Share of Acquired Entity | 1.3239 | ||||||
Business Acquistion, Percentage of Shares Receiving Stock Consideration | 55.00% | ||||||
Business Acquistion, Percentage of Shares Receiving Cash Consideration | 45.00% | ||||||
Business Acquisition, Minimum Percentage of Merger Consideration Paid in Stock | 50.00% | ||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1,054,029 | ||||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 18,709 | ||||||
Business Acquisition, Pro Forma Revenue | $ 2,350 | 4,610 | |||||
Business Acquisition, Pro Forma Net Income (Loss) | $ 610 | $ 1,150 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | 130,568 | 130,570 | 130,570 | ||||
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total | $ 2,170 | $ 2,170 | |||||
Loans and Leases Receivable, Discount Percentage | 1.63% | 1.63% | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 176 | $ 176 | $ 176 | ||||
Business Combination, Consideration Transferred, Total | 34,021 | ||||||
PFB Mortgage [Member] | |||||||
Payments to Acquire Businesses, Gross | 833 | ||||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 228 | 228 | |||||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | 211 | 211 | |||||
Goodwill, Ending Balance | 541 | 541 | 541 | ||||
Business Acquisition, Goodwill, Expected Tax Deductible Amount | $ 541 | $ 541 | |||||
Business Combination, Consideration Transferred, Total | $ 833 |
Note 2 - Business Acquisition_3
Note 2 - Business Acquisitions - Assets and Liabilities Acquired (Details) - USD ($) $ / shares in Units, $ in Thousands | May 01, 2019 | Oct. 22, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | Aug. 31, 2018 |
Cash Consideration | $ 467 | |||||
Liabilities assumed at fair value: | ||||||
Goodwill, Ending Balance | 16,134 | $ 202 | ||||
Market Price of CBAN Common Stock on May 1, 2019 (in dollars per share) | $ 17.73 | |||||
Cash Consideration Paid | 467 | |||||
Cash Consideration | 467 | |||||
Planters First Bank, Albany Georgia Branch [Member] | ||||||
Cash Consideration | $ 10,238 | |||||
Total purchase price for PFB branch acquisition | 10,238 | |||||
Assets acquired at fair value: | ||||||
Cash and cash equivalents | 195 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | 20,430 | |||||
Premises and equipment | 773 | |||||
Core deposit intangible | 560 | |||||
Other assets | 123 | |||||
Total fair value of assets acquired | 22,081 | |||||
Liabilities assumed at fair value: | ||||||
Deposits | 12,032 | |||||
Other liabilities | 13 | |||||
Total fair value of liabilities assumed | 12,045 | |||||
Net Assets acquired at fair value: | 10,036 | |||||
Goodwill, Ending Balance | 202 | |||||
Cash Consideration Paid | 10,238 | |||||
Total purchase price for PFB branch acquisition | 10,238 | |||||
Deposits | (12,032) | |||||
Total Fair Value of Liabilities Assumed | (12,045) | |||||
Cash Consideration | 10,238 | |||||
Business Combination, Consideration Transferred, Total | 10,238 | |||||
Net Assets Acquired at Fair Value: | $ 10,036 | |||||
LBC Bancshares, Inc [Member] | ||||||
Cash Consideration | $ 15,312 | |||||
Total purchase price for PFB branch acquisition | 34,021 | |||||
Assets acquired at fair value: | ||||||
Cash and cash equivalents | 15,678 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | 130,568 | 130,570 | ||||
Premises and equipment | 3,009 | |||||
Core deposit intangible | 3,100 | |||||
Total fair value of assets acquired | 210,502 | |||||
Investments Securities Available for Sale | 49,172 | |||||
Investments Securities Held to Maturity | 1,766 | |||||
Restricted Investments | 479 | |||||
Other Real Owned | 243 | |||||
Prepaid and Other Assets | 6,487 | |||||
Liabilities assumed at fair value: | ||||||
Deposits | 189,896 | |||||
Total fair value of liabilities assumed | 191,871 | |||||
Net Assets acquired at fair value: | 18,631 | |||||
Goodwill, Ending Balance | $ 15,390 | |||||
Shares of CBAN Common Stock Issued to LBC Shareholders as of May 1, 2019 (in shares) | 1,054,029 | |||||
Market Price of CBAN Common Stock on May 1, 2019 (in dollars per share) | $ 17.75 | |||||
Estimated Fair Value of CBAN Common Stock Issued | $ 18,709 | |||||
Cash Consideration Paid | 15,312 | |||||
Total purchase price for PFB branch acquisition | 34,021 | |||||
Deposits | (189,896) | |||||
FHLB Advances | (1,000) | |||||
Payables and Other Liabilities | (975) | |||||
Total Fair Value of Liabilities Assumed | (191,871) | |||||
Cash Consideration | 15,312 | |||||
Business Combination, Consideration Transferred, Total | 34,021 | |||||
Net Assets Acquired at Fair Value: | 18,631 | |||||
PFB Mortgage [Member] | ||||||
Cash Consideration | 833 | |||||
Total purchase price for PFB branch acquisition | 833 | |||||
Assets acquired at fair value: | ||||||
Premises and equipment | 78 | |||||
Total fair value of assets acquired | 292 | |||||
Premium on Loan Commitments | 209 | |||||
Other Assets | 5 | |||||
Liabilities assumed at fair value: | ||||||
Total fair value of liabilities assumed | ||||||
Net Assets acquired at fair value: | 292 | |||||
Goodwill, Ending Balance | 541 | $ 541 | ||||
Cash Consideration Paid | 833 | |||||
Total purchase price for PFB branch acquisition | 833 | |||||
Total Fair Value of Liabilities Assumed | ||||||
Cash Consideration | 833 | |||||
Business Combination, Consideration Transferred, Total | 833 | |||||
Net Assets Acquired at Fair Value: | $ 292 |
Note 2 - Business Acquisition_4
Note 2 - Business Acquisitions - Contractually Required Principal and Interest Cash Payments (Details) - LBC Bancshares, Inc [Member] - USD ($) $ in Thousands | Jun. 30, 2019 | May 01, 2019 |
Contractually Required Principal and Interest | $ 695 | $ 695 |
Non-accretable Difference | (519) | (519) |
Cash Flows Expected to be Collected | 176 | |
Accretable Yield | ||
Total Purchased Credit-Impaired Loans Acquired | $ 176 | $ 176 |
Note 2 - Business Acquisition_5
Note 2 - Business Acquisitions - Loan Data for the LBC Acquisition (Details) - LBC Bancshares, Inc [Member] - USD ($) $ in Thousands | Jun. 30, 2019 | May 01, 2019 |
Acquired receivables subject to ASC 310-30, fair value | $ 176 | $ 176 |
Contractually Required Principal and Interest | 695 | 695 |
Acquired receivables subject to ASC 310-30, estimate of contractual cash flows not expected to be collected | $ 519 | 519 |
Acquired receivables not subject to ASC 310-30, fair value | 130,392 | |
Acquired receivables not subject to ASC 310-30, gross contractual amounts receivable | 132,381 | |
Acquired receivables not subject to ASC 310-30, estimate of contractual cash flows not expected to be collected |
Note 3 - Investment Securitie_2
Note 3 - Investment Securities (Details Textual) - USD ($) | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Proceeds from Sale of Debt Securities, Available-for-sale | $ 56,821,000 | $ 11,268,000 | |
Debt Securities, Available-for-sale, Realized Gain | 117,000 | 116,000 | |
Debt Securities, Available-for-sale, Realized Loss | 52,000 | 0 | |
Proceeds from Sale of Held-to-maturity Securities | 1,766,000 | 0 | |
Debt Securities, Held-to-maturity, Sold, Realized Gain (Loss) | 0 | $ 0 | |
Security Owned and Pledged as Collateral, Fair Value, Total | $ 169,821,000 | $ 178,978,000 | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total | 103 | ||
Depreciated Debt Securities With Unrealized Losses | 1.60% | ||
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Total | $ 0 |
Note 3 - Investment Securitie_3
Note 3 - Investment Securities - Schedule of Investment Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Available for sale securities, amortized cost | $ 409,546 | $ 363,433 |
Available for sale securities, gross unrealized gains | 3,469 | 321 |
Available for sale securities, gross unrealized losses | (3,176) | (10,688) |
Investment Securities Available for Sale, at Fair Value | 409,839 | 353,066 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities, amortized cost | 403,165 | 356,498 |
Available for sale securities, gross unrealized gains | 3,406 | 303 |
Available for sale securities, gross unrealized losses | (3,163) | (10,596) |
Investment Securities Available for Sale, at Fair Value | 403,408 | 346,205 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 3,511 | 4,008 |
Available for sale securities, gross unrealized gains | 63 | 18 |
Available for sale securities, gross unrealized losses | (37) | |
Investment Securities Available for Sale, at Fair Value | 3,574 | 3,989 |
Corporate Debt Securities [Member] | ||
Available for sale securities, amortized cost | 2,870 | 2,927 |
Available for sale securities, gross unrealized gains | ||
Available for sale securities, gross unrealized losses | (13) | (55) |
Investment Securities Available for Sale, at Fair Value | $ 2,857 | $ 2,872 |
Note 3 - Investment Securitie_4
Note 3 - Investment Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Due In One Year or Less, amortized cost | ||
Due In One Year or Less, fair value | ||
Due After One Year Through Five Years, amortized cost | 4,142 | |
Due After One Year Through Five Years, fair value | 4,147 | |
Due After Five Years Through Ten Years, amortized cost | 1,135 | |
Due After Five Years Through Ten Years, fair value | 1,167 | |
Due After Ten Years, amortized cost | 1,104 | |
Due After Ten Years, fair value | 1,117 | |
Amortized cost with single maturity date | 6,381 | |
Fair value with single maturity date | 6,431 | |
Mortgage-Backed Securities, amortized cost | 403,165 | |
Mortgage-Backed Securities, fair value | 403,408 | |
Amortized cost | 409,546 | $ 363,433 |
Fair Value | $ 409,839 | $ 353,066 |
Note 3 - Investment Securitie_5
Note 3 - Investment Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Continuous unrealized loss, less than 12 months, fair value | $ 11,906 | $ 41,704 |
Continuous unrealized loss, less than 12 months, gross unrealized losses | (25) | (528) |
Continuous unrealized loss, greater than 12 months, fair value | 183,086 | 258,492 |
Continuous unrealized loss, greater than 12 months, gross unrealized losses | (3,151) | (10,160) |
Continuous unrealized loss, fair value | 194,992 | 300,196 |
Continuous unrealized loss, gross unrealized losses | (3,176) | (10,688) |
US Government Agencies Debt Securities [Member] | ||
Continuous unrealized loss, less than 12 months, fair value | 9,891 | 39,083 |
Continuous unrealized loss, less than 12 months, gross unrealized losses | (19) | (504) |
Continuous unrealized loss, greater than 12 months, fair value | 182,244 | 255,747 |
Continuous unrealized loss, greater than 12 months, gross unrealized losses | (3,144) | (10,092) |
Continuous unrealized loss, fair value | 192,135 | 294,830 |
Continuous unrealized loss, gross unrealized losses | (3,163) | (10,596) |
US States and Political Subdivisions Debt Securities [Member] | ||
Continuous unrealized loss, less than 12 months, fair value | 612 | |
Continuous unrealized loss, less than 12 months, gross unrealized losses | (3) | |
Continuous unrealized loss, greater than 12 months, fair value | 1,882 | |
Continuous unrealized loss, greater than 12 months, gross unrealized losses | (34) | |
Continuous unrealized loss, fair value | 2,494 | |
Continuous unrealized loss, gross unrealized losses | (37) | |
Corporate Debt Securities [Member] | ||
Continuous unrealized loss, less than 12 months, fair value | 2,015 | 2,009 |
Continuous unrealized loss, less than 12 months, gross unrealized losses | (6) | (21) |
Continuous unrealized loss, greater than 12 months, fair value | 842 | 863 |
Continuous unrealized loss, greater than 12 months, gross unrealized losses | (7) | (34) |
Continuous unrealized loss, fair value | 2,857 | 2,872 |
Continuous unrealized loss, gross unrealized losses | $ (13) | $ (55) |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Dec. 31, 2018USD ($) | |
Loan Balance For Reviewing High Risk Loans Minimum | $ 250,000 | $ 250,000 | $ 250,000 | ||
Impaired Financing Receivable, Recorded Investment, Total | 24,179,000 | $ 21,789,000 | 24,179,000 | $ 21,789,000 | 24,473,000 |
Impaired Financing Receivable, Related Allowance | 1,566,000 | $ 1,474,000 | 1,566,000 | $ 1,474,000 | 1,418,000 |
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | $ 0 | |||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 1 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 131,000 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | |||||
Impaired Financing Receivable, Recorded Investment, Total | $ 165,000 | $ 0 | 165,000 | $ 0 | 0 |
Impaired Financing Receivable, Related Allowance | $ 0 | $ 0 | $ 0 |
Note 4 - Loans - Segregated by
Note 4 - Loans - Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 |
Loans | $ 935,271 | $ 782,027 | $ 766,796 |
Financial Asset Originated [Member] | |||
Loans | 796,045 | 763,640 | |
Financial Assets Acquired [Member] | |||
Loans | 139,226 | 18,387 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | |||
Loans | 68,535 | 57,410 | 45,029 |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financial Asset Originated [Member] | |||
Loans | 43,561 | 50,181 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financial Assets Acquired [Member] | |||
Loans | 24,974 | 7,229 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | |||
Loans | 18,861 | 16,799 | 20,037 |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financial Asset Originated [Member] | |||
Loans | 18,561 | 15,993 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financial Assets Acquired [Member] | |||
Loans | 300 | 806 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | |||
Loans | 433,816 | 373,534 | 352,063 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financial Asset Originated [Member] | |||
Loans | 376,063 | 366,792 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financial Assets Acquired [Member] | |||
Loans | 57,753 | 6,742 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | |||
Loans | 72,978 | 47,849 | 48,909 |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financial Asset Originated [Member] | |||
Loans | 60,949 | 46,609 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financial Assets Acquired [Member] | |||
Loans | 12,029 | 1,240 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | |||
Loans | 18,622 | 12,500 | 11,541 |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financial Asset Originated [Member] | |||
Loans | 13,193 | 12,242 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financial Assets Acquired [Member] | |||
Loans | 5,429 | 258 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | |||
Loans | 205,188 | 187,714 | 187,591 |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financial Asset Originated [Member] | |||
Loans | 177,183 | 185,699 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financial Assets Acquired [Member] | |||
Loans | 28,005 | 2,015 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans | 74,272 | 62,709 | 67,867 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset Originated [Member] | |||
Loans | 70,413 | 62,674 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Assets Acquired [Member] | |||
Loans | 3,859 | 35 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | |||
Loans | 23,066 | 18,485 | 18,746 |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financial Asset Originated [Member] | |||
Loans | 17,860 | 18,423 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financial Assets Acquired [Member] | |||
Loans | 5,206 | 62 | |
Consumer and Other Portfolio Segment [Member] | Other [Member] | |||
Loans | 19,933 | 5,027 | $ 15,013 |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financial Asset Originated [Member] | |||
Loans | 18,262 | 5,027 | |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financial Assets Acquired [Member] | |||
Loans | $ 1,671 |
Note 4 - Loans - Loan Portfolio
Note 4 - Loans - Loan Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 |
Loans | $ 935,271 | $ 782,027 | $ 766,796 |
Financial Asset Originated [Member] | |||
Loans | 796,045 | 763,640 | |
Financial Assets Acquired [Member] | |||
Loans | 139,226 | 18,387 | |
Pass [Member] | Financial Asset Originated [Member] | |||
Loans | 754,875 | 722,696 | |
Pass [Member] | Financial Assets Acquired [Member] | |||
Loans | 138,060 | 18,387 | |
Special Mention [Member] | Financial Asset Originated [Member] | |||
Loans | 17,872 | 18,156 | |
Special Mention [Member] | Financial Assets Acquired [Member] | |||
Loans | 808 | ||
Substandard [Member] | Financial Asset Originated [Member] | |||
Loans | 23,298 | 22,788 | |
Substandard [Member] | Financial Assets Acquired [Member] | |||
Loans | 358 | ||
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | |||
Loans | 68,535 | 57,410 | 45,029 |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financial Asset Originated [Member] | |||
Loans | 43,561 | 50,181 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financial Assets Acquired [Member] | |||
Loans | 24,974 | 7,229 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Pass [Member] | Financial Asset Originated [Member] | |||
Loans | 41,376 | 48,579 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Pass [Member] | Financial Assets Acquired [Member] | |||
Loans | 24,632 | 7,229 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member] | Financial Asset Originated [Member] | |||
Loans | 1,471 | 729 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member] | Financial Assets Acquired [Member] | |||
Loans | 121 | ||
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Substandard [Member] | Financial Asset Originated [Member] | |||
Loans | 714 | 873 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Substandard [Member] | Financial Assets Acquired [Member] | |||
Loans | 221 | ||
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | |||
Loans | 18,861 | 16,799 | 20,037 |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financial Asset Originated [Member] | |||
Loans | 18,561 | 15,993 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financial Assets Acquired [Member] | |||
Loans | 300 | 806 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Pass [Member] | Financial Asset Originated [Member] | |||
Loans | 16,050 | 14,858 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Pass [Member] | Financial Assets Acquired [Member] | |||
Loans | 300 | 806 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member] | Financial Asset Originated [Member] | |||
Loans | 1,137 | 637 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member] | Financial Assets Acquired [Member] | |||
Loans | |||
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member] | Financial Asset Originated [Member] | |||
Loans | 1,374 | 498 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member] | Financial Assets Acquired [Member] | |||
Loans | |||
Real Estate Portfolio Segment [Member] | Commercial [Member] | |||
Loans | 433,816 | 373,534 | 352,063 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financial Asset Originated [Member] | |||
Loans | 376,063 | 366,792 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financial Assets Acquired [Member] | |||
Loans | 57,753 | 6,742 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Pass [Member] | Financial Asset Originated [Member] | |||
Loans | 360,806 | 351,397 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Pass [Member] | Financial Assets Acquired [Member] | |||
Loans | 57,364 | 6,742 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member] | Financial Asset Originated [Member] | |||
Loans | 8,048 | 7,662 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member] | Financial Assets Acquired [Member] | |||
Loans | 389 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Substandard [Member] | Financial Asset Originated [Member] | |||
Loans | 7,209 | 7,733 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Substandard [Member] | Financial Assets Acquired [Member] | |||
Loans | |||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | |||
Loans | 72,978 | 47,849 | 48,909 |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financial Asset Originated [Member] | |||
Loans | 60,949 | 46,609 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financial Assets Acquired [Member] | |||
Loans | 12,029 | 1,240 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Pass [Member] | Financial Asset Originated [Member] | |||
Loans | 60,546 | 45,847 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Pass [Member] | Financial Assets Acquired [Member] | |||
Loans | 11,960 | 1,240 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Special Mention [Member] | Financial Asset Originated [Member] | |||
Loans | 117 | 45 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Special Mention [Member] | Financial Assets Acquired [Member] | |||
Loans | |||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Substandard [Member] | Financial Asset Originated [Member] | |||
Loans | 286 | 717 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Substandard [Member] | Financial Assets Acquired [Member] | |||
Loans | 69 | ||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | |||
Loans | 18,622 | 12,500 | 11,541 |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financial Asset Originated [Member] | |||
Loans | 13,193 | 12,242 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financial Assets Acquired [Member] | |||
Loans | 5,429 | 258 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Pass [Member] | Financial Asset Originated [Member] | |||
Loans | 12,839 | 12,242 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Pass [Member] | Financial Assets Acquired [Member] | |||
Loans | 5,429 | 258 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Special Mention [Member] | Financial Asset Originated [Member] | |||
Loans | 0 | ||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Special Mention [Member] | Financial Assets Acquired [Member] | |||
Loans | 0 | ||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Substandard [Member] | Financial Asset Originated [Member] | |||
Loans | 354 | ||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Substandard [Member] | Financial Assets Acquired [Member] | |||
Loans | |||
Real Estate Portfolio Segment [Member] | Residential [Member] | |||
Loans | 205,188 | 187,714 | 187,591 |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financial Asset Originated [Member] | |||
Loans | 177,183 | 185,699 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financial Assets Acquired [Member] | |||
Loans | 28,005 | 2,015 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Pass [Member] | Financial Asset Originated [Member] | |||
Loans | 162,927 | 168,035 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Pass [Member] | Financial Assets Acquired [Member] | |||
Loans | 27,682 | 2,015 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Special Mention [Member] | Financial Asset Originated [Member] | |||
Loans | 4,015 | 7,107 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Special Mention [Member] | Financial Assets Acquired [Member] | |||
Loans | 298 | ||
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard [Member] | Financial Asset Originated [Member] | |||
Loans | 10,241 | 10,557 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard [Member] | Financial Assets Acquired [Member] | |||
Loans | 25 | ||
Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans | 74,272 | 62,709 | 67,867 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset Originated [Member] | |||
Loans | 70,413 | 62,674 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Assets Acquired [Member] | |||
Loans | 3,859 | 35 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Pass [Member] | Financial Asset Originated [Member] | |||
Loans | 64,519 | 58,678 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Pass [Member] | Financial Assets Acquired [Member] | |||
Loans | 3,820 | 35 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member] | Financial Asset Originated [Member] | |||
Loans | 3,000 | 1,912 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member] | Financial Assets Acquired [Member] | |||
Loans | |||
Real Estate Portfolio Segment [Member] | Farmland [Member] | Substandard [Member] | Financial Asset Originated [Member] | |||
Loans | 2,894 | 2,084 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Substandard [Member] | Financial Assets Acquired [Member] | |||
Loans | 39 | ||
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | |||
Loans | 23,066 | 18,485 | 18,746 |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financial Asset Originated [Member] | |||
Loans | 17,860 | 18,423 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financial Assets Acquired [Member] | |||
Loans | 5,206 | 62 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Pass [Member] | Financial Asset Originated [Member] | |||
Loans | 17,550 | 18,042 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Pass [Member] | Financial Assets Acquired [Member] | |||
Loans | 5,202 | 62 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Special Mention [Member] | Financial Asset Originated [Member] | |||
Loans | 84 | 59 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Special Mention [Member] | Financial Assets Acquired [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Substandard [Member] | Financial Asset Originated [Member] | |||
Loans | 226 | 322 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Substandard [Member] | Financial Assets Acquired [Member] | |||
Loans | 4 | ||
Consumer and Other Portfolio Segment [Member] | Other [Member] | |||
Loans | 19,933 | 5,027 | $ 15,013 |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financial Asset Originated [Member] | |||
Loans | 18,262 | 5,027 | |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financial Assets Acquired [Member] | |||
Loans | 1,671 | ||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Pass [Member] | Financial Asset Originated [Member] | |||
Loans | 18,262 | 5,018 | |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Pass [Member] | Financial Assets Acquired [Member] | |||
Loans | 1,671 | ||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Special Mention [Member] | Financial Asset Originated [Member] | |||
Loans | 5 | ||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Special Mention [Member] | Financial Assets Acquired [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Substandard [Member] | Financial Asset Originated [Member] | |||
Loans | 4 | ||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Substandard [Member] | Financial Assets Acquired [Member] | |||
Loans |
Note 4 - Loans - Age Analysis o
Note 4 - Loans - Age Analysis of Past Due Loans and Nonaccrual Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 |
Loans | $ 935,271 | $ 782,027 | $ 766,796 |
Financial Asset Originated [Member] | |||
Accruing loans past due | 3,788 | 8,234 | |
Nonaccrual loans | 9,571 | 9,482 | |
Current loans | 782,686 | 745,924 | |
Loans | 796,045 | 763,640 | |
Financial Assets Acquired [Member] | |||
Accruing loans past due | 203 | ||
Nonaccrual loans | 180 | ||
Current loans | 138,843 | 18,387 | |
Loans | 139,226 | 18,387 | |
Financing Receivables, 30-89 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 3,786 | 8,234 | |
Financing Receivables, 30-89 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | 203 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 2 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | |||
Loans | 68,535 | 57,410 | 45,029 |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 365 | 282 | |
Nonaccrual loans | 442 | 637 | |
Current loans | 42,754 | 49,262 | |
Loans | 43,561 | 50,181 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | 178 | ||
Nonaccrual loans | 43 | ||
Current loans | 24,753 | 7,229 | |
Loans | 24,974 | 7,229 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 365 | 282 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | 178 | ||
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | |||
Loans | 18,861 | 16,799 | 20,037 |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 117 | ||
Nonaccrual loans | 1,304 | 413 | |
Current loans | 17,257 | 15,463 | |
Loans | 18,561 | 15,993 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Nonaccrual loans | |||
Current loans | 300 | 806 | |
Loans | 300 | 806 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 117 | ||
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Commercial [Member] | |||
Loans | 433,816 | 373,534 | 352,063 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 822 | 679 | |
Nonaccrual loans | 1,849 | 2,966 | |
Current loans | 373,392 | 363,147 | |
Loans | 376,063 | 366,792 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Nonaccrual loans | |||
Current loans | 57,753 | 6,742 | |
Loans | 57,753 | 6,742 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 822 | 679 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | |||
Loans | 72,978 | 47,849 | 48,909 |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 123 | 88 | |
Nonaccrual loans | 36 | 463 | |
Current loans | 60,790 | 46,058 | |
Loans | 60,949 | 46,609 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Nonaccrual loans | 69 | ||
Current loans | 11,960 | 1,240 | |
Loans | 12,029 | 1,240 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 123 | 88 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | |||
Loans | 18,622 | 12,500 | 11,541 |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Nonaccrual loans | 354 | ||
Current loans | 12,839 | 12,242 | |
Loans | 13,193 | 12,242 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Nonaccrual loans | |||
Current loans | 5,429 | 258 | |
Loans | 5,429 | 258 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Residential [Member] | |||
Loans | 205,188 | 187,714 | 187,591 |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 2,276 | 6,882 | |
Nonaccrual loans | 2,786 | 2,734 | |
Current loans | 172,121 | 176,083 | |
Loans | 177,183 | 185,699 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | 9 | ||
Nonaccrual loans | 25 | ||
Current loans | 27,971 | 2,015 | |
Loans | 28,005 | 2,015 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 2,276 | 6,882 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | 9 | ||
Real Estate Portfolio Segment [Member] | Residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans | 74,272 | 62,709 | 67,867 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 139 | 76 | |
Nonaccrual loans | 2,669 | 2,052 | |
Current loans | 67,605 | 60,546 | |
Loans | 70,413 | 62,674 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Nonaccrual loans | 39 | ||
Current loans | 3,820 | 35 | |
Loans | 3,859 | 35 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 139 | 76 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | |||
Loans | 23,066 | 18,485 | 18,746 |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 63 | 110 | |
Nonaccrual loans | 131 | 213 | |
Current loans | 17,666 | 18,100 | |
Loans | 17,860 | 18,423 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | 16 | ||
Nonaccrual loans | 4 | ||
Current loans | 5,186 | 62 | |
Loans | 5,206 | 62 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 61 | 110 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | 16 | ||
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | 2 | ||
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Consumer and Other Portfolio Segment [Member] | Other [Member] | |||
Loans | 19,933 | 5,027 | $ 15,013 |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Nonaccrual loans | 4 | ||
Current loans | 18,262 | 5,023 | |
Loans | 18,262 | 5,027 | |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Nonaccrual loans | |||
Current loans | 1,671 | ||
Loans | 1,671 | ||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financing Receivables, 30-89 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due | |||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Asset Originated [Member] | |||
Accruing loans past due | |||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Financial Assets Acquired [Member] | |||
Accruing loans past due |
Note 4 - Loans - Impaired Loan
Note 4 - Loans - Impaired Loan Data (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Unpaid contractual principal balance with no related allowance | $ 20,682,000 | $ 15,967,000 | $ 19,810,000 |
Impaired balance with no related allowance | 19,769,000 | 15,857,000 | 19,703,000 |
Average recorded investment with no related allowance | 20,029,000 | 17,218,000 | 17,644,000 |
Interest income recognized with no related allowance | 383,000 | 348,000 | 904,000 |
Interest income collected with no related allowance | 456,000 | 356,000 | 949,000 |
Unpaid contractual principal balance with an allowance | 4,245,000 | 5,932,000 | 4,770,000 |
Impaired balance with an allowance | 4,245,000 | 5,932,000 | 4,770,000 |
Related allowance | 1,566,000 | 1,474,000 | 1,418,000 |
Average recorded investment with an allowance | 3,876,000 | 6,287,000 | 6,061,000 |
Interest income recognized with an allowance | 94,000 | 121,000 | 169,000 |
Interest income collected with an allowance | 118,000 | 114,000 | 177,000 |
Unpaid contractual principal balance | 25,572,000 | 21,899,000 | 24,580,000 |
Impaired balance | 24,179,000 | 21,789,000 | 24,473,000 |
Average recorded investment | 23,960,000 | 23,505,000 | 23,705,000 |
Interest income recognized | 477,000 | 469,000 | 1,073,000 |
Interest income collected | 574,000 | 470,000 | 1,126,000 |
Financial Asset Acquired with Credit Deterioration [Member] | |||
Related allowance | 0 | 0 | |
Unpaid contractual principal balance | 645,000 | ||
Impaired balance | 165,000 | 0 | 0 |
Average recorded investment | 55,000 | ||
Interest income recognized | |||
Interest income collected | |||
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | |||
Unpaid contractual principal balance with no related allowance | 442,000 | 367,000 | 595,000 |
Impaired balance with no related allowance | 442,000 | 367,000 | 595,000 |
Average recorded investment with no related allowance | 525,000 | 520,000 | 526,000 |
Interest income recognized with no related allowance | 15,000 | 5,000 | 21,000 |
Interest income collected with no related allowance | 16,000 | 5,000 | 24,000 |
Unpaid contractual principal balance with an allowance | 0 | 0 | 42,000 |
Impaired balance with an allowance | 0 | 0 | 42,000 |
Related allowance | 0 | 6,000 | |
Average recorded investment with an allowance | 14,000 | 0 | 8,000 |
Interest income recognized with an allowance | 0 | 0 | 2,000 |
Interest income collected with an allowance | 0 | 0 | 2,000 |
Unpaid contractual principal balance | 510,000 | 367,000 | 637,000 |
Impaired balance | 484,000 | 367,000 | 637,000 |
Average recorded investment | 553,000 | 520,000 | 534,000 |
Interest income recognized | 15,000 | 5,000 | 23,000 |
Interest income collected | 16,000 | 5,000 | 26,000 |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Related allowance | |||
Unpaid contractual principal balance | 68,000 | ||
Impaired balance | 42,000 | ||
Average recorded investment | 14,000 | ||
Interest income recognized | |||
Interest income collected | |||
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | |||
Unpaid contractual principal balance with no related allowance | 736,000 | 311,000 | 434,000 |
Impaired balance with no related allowance | 716,000 | 290,000 | 413,000 |
Average recorded investment with no related allowance | 544,000 | 360,000 | 383,000 |
Interest income recognized with no related allowance | 9,000 | 9,000 | 18,000 |
Interest income collected with no related allowance | 21,000 | 12,000 | 25,000 |
Unpaid contractual principal balance with an allowance | 588,000 | 0 | 0 |
Impaired balance with an allowance | 588,000 | 0 | 0 |
Related allowance | 588,000 | 0 | 0 |
Average recorded investment with an allowance | 196,000 | 0 | 0 |
Interest income recognized with an allowance | 9,000 | 0 | 0 |
Interest income collected with an allowance | 33,000 | 0 | 0 |
Unpaid contractual principal balance | 1,324,000 | 311,000 | 434,000 |
Impaired balance | 1,304,000 | 290,000 | 413,000 |
Average recorded investment | 740,000 | 360,000 | 383,000 |
Interest income recognized | 18,000 | 9,000 | 18,000 |
Interest income collected | 54,000 | 12,000 | 25,000 |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Related allowance | |||
Impaired balance | |||
Real Estate Portfolio Segment [Member] | |||
Interest income collected with an allowance | 0 | ||
Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Impaired balance | 69,000 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | |||
Unpaid contractual principal balance with no related allowance | 12,372,000 | 10,201,000 | 12,164,000 |
Impaired balance with no related allowance | 11,504,000 | 10,201,000 | 12,164,000 |
Average recorded investment with no related allowance | 12,341,000 | 11,092,000 | 11,040,000 |
Interest income recognized with no related allowance | 291,000 | 235,000 | 582,000 |
Interest income collected with no related allowance | 293,000 | 236,000 | 583,000 |
Unpaid contractual principal balance with an allowance | 3,031,000 | 5,047,000 | 3,691,000 |
Impaired balance with an allowance | 3,031,000 | 5,047,000 | 3,691,000 |
Related allowance | 897,000 | 1,371,000 | 1,276,000 |
Average recorded investment with an allowance | 2,902,000 | 5,371,000 | 5,121,000 |
Interest income recognized with an allowance | 61,000 | 106,000 | 135,000 |
Interest income collected with an allowance | 62,000 | 99,000 | 142,000 |
Unpaid contractual principal balance | 15,403,000 | 15,248,000 | 15,855,000 |
Impaired balance | 14,535,000 | 15,248,000 | 15,855,000 |
Average recorded investment | 15,243,000 | 16,463,000 | 16,161,000 |
Interest income recognized | 352,000 | 341,000 | 717,000 |
Interest income collected | 355,000 | 335,000 | 725,000 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Related allowance | |||
Impaired balance | |||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | |||
Unpaid contractual principal balance with no related allowance | 104,000 | 16,000 | 132,000 |
Impaired balance with no related allowance | 104,000 | 16,000 | 132,000 |
Average recorded investment with no related allowance | 115,000 | 38,000 | 69,000 |
Interest income recognized with no related allowance | 3,000 | 1,000 | 8,000 |
Interest income collected with no related allowance | 3,000 | 1,000 | 8,000 |
Unpaid contractual principal balance with an allowance | 482,000 | 399,000 | |
Impaired balance with an allowance | 482,000 | 399,000 | |
Related allowance | 54,000 | 39,000 | |
Average recorded investment with an allowance | 133,000 | 487,000 | 466,000 |
Interest income recognized with an allowance | 2,000 | 0 | |
Interest income collected with an allowance | 2,000 | 0 | |
Unpaid contractual principal balance | 226,000 | 498,000 | 531,000 |
Impaired balance | 173,000 | 498,000 | 531,000 |
Average recorded investment | 271,000 | 525,000 | 535,000 |
Interest income recognized | 3,000 | 3,000 | 8,000 |
Interest income collected | 3,000 | 3,000 | 8,000 |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Related allowance | |||
Unpaid contractual principal balance | 122,000 | ||
Impaired balance | 69,000 | ||
Average recorded investment | 23,000 | ||
Interest income recognized | |||
Interest income collected | |||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | |||
Unpaid contractual principal balance with no related allowance | 354,000 | 0 | |
Impaired balance with no related allowance | 354,000 | 0 | |
Average recorded investment with no related allowance | 118,000 | 0 | |
Interest income recognized with no related allowance | 4,000 | 0 | |
Interest income collected with no related allowance | 4,000 | 0 | |
Unpaid contractual principal balance with an allowance | 0 | 0 | 0 |
Impaired balance with an allowance | 0 | 0 | 0 |
Related allowance | 0 | 0 | |
Average recorded investment with an allowance | 0 | 0 | 0 |
Interest income recognized with an allowance | 0 | 0 | 0 |
Interest income collected with an allowance | 0 | 0 | |
Unpaid contractual principal balance | 354,000 | ||
Impaired balance | 354,000 | ||
Average recorded investment | 118,000 | 0 | |
Interest income recognized | 4,000 | 0 | |
Interest income collected | 4,000 | 0 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Related allowance | |||
Impaired balance | |||
Real Estate Portfolio Segment [Member] | Residential [Member] | |||
Unpaid contractual principal balance with no related allowance | 3,872,000 | 3,892,000 | 4,214,000 |
Impaired balance with no related allowance | 3,849,000 | 3,805,000 | 4,130,000 |
Average recorded investment with no related allowance | 3,979,000 | 4,113,000 | 4,067,000 |
Interest income recognized with no related allowance | 83,000 | 87,000 | 208,000 |
Interest income collected with no related allowance | 98,000 | 89,000 | 213,000 |
Unpaid contractual principal balance with an allowance | 267,000 | 36,000 | 274,000 |
Impaired balance with an allowance | 267,000 | 36,000 | 274,000 |
Related allowance | 49,000 | 21,000 | 61,000 |
Average recorded investment with an allowance | 270,000 | 60,000 | 98,000 |
Interest income recognized with an allowance | 11,000 | 1,000 | 8,000 |
Interest income collected with an allowance | 11,000 | 1,000 | 8,000 |
Unpaid contractual principal balance | 4,162,000 | 3,928,000 | 4,488,000 |
Impaired balance | 4,130,000 | 3,841,000 | 4,404,000 |
Average recorded investment | 4,254,000 | 4,173,000 | 4,165,000 |
Interest income recognized | 94,000 | 88,000 | 216,000 |
Interest income collected | 109,000 | 90,000 | 221,000 |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Related allowance | |||
Unpaid contractual principal balance | 23,000 | ||
Impaired balance | 14,000 | ||
Average recorded investment | 5,000 | ||
Interest income recognized | |||
Interest income collected | |||
Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Unpaid contractual principal balance with no related allowance | 2,670,000 | 980,000 | 2,054,000 |
Impaired balance with no related allowance | 2,668,000 | 978,000 | 2,052,000 |
Average recorded investment with no related allowance | 2,246,000 | 896,000 | 1,361,000 |
Interest income recognized with no related allowance | (25,000) | 5,000 | 53,000 |
Interest income collected with no related allowance | 17,000 | 7,000 | 82,000 |
Unpaid contractual principal balance with an allowance | 359,000 | 367,000 | 364,000 |
Impaired balance with an allowance | 359,000 | 367,000 | 364,000 |
Related allowance | 32,000 | 28,000 | 36,000 |
Average recorded investment with an allowance | 361,000 | 369,000 | 368,000 |
Interest income recognized with an allowance | 13,000 | 12,000 | 24,000 |
Interest income collected with an allowance | 12,000 | 12,000 | 25,000 |
Unpaid contractual principal balance | 3,266,000 | 1,347,000 | 2,418,000 |
Impaired balance | 3,067,000 | 1,345,000 | 2,416,000 |
Average recorded investment | 2,620,000 | 1,265,000 | 1,729,000 |
Interest income recognized | (12,000) | 17,000 | 77,000 |
Interest income collected | 29,000 | 19,000 | 107,000 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Related allowance | |||
Unpaid contractual principal balance | 237,000 | ||
Impaired balance | 40,000 | ||
Average recorded investment | 13,000 | ||
Interest income recognized | |||
Interest income collected | |||
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | |||
Unpaid contractual principal balance with no related allowance | 132,000 | 200,000 | 213,000 |
Impaired balance with no related allowance | 132,000 | 200,000 | 213,000 |
Average recorded investment with no related allowance | 159,000 | 199,000 | 197,000 |
Interest income recognized with no related allowance | 3,000 | 6,000 | 14,000 |
Interest income collected with no related allowance | 4,000 | 6,000 | 14,000 |
Unpaid contractual principal balance with an allowance | 0 | 0 | 0 |
Impaired balance with an allowance | 0 | 0 | 0 |
Related allowance | 0 | 0 | |
Average recorded investment with an allowance | 0 | 0 | 0 |
Interest income recognized with an allowance | 0 | 0 | 0 |
Interest income collected with an allowance | 0 | 0 | 0 |
Unpaid contractual principal balance | 327,000 | 200,000 | 213,000 |
Impaired balance | 132,000 | 200,000 | 213,000 |
Average recorded investment | 159,000 | 199,000 | 197,000 |
Interest income recognized | 3,000 | 6,000 | 14,000 |
Interest income collected | 4,000 | 6,000 | 14,000 |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Related allowance | |||
Unpaid contractual principal balance | 195,000 | ||
Impaired balance | |||
Average recorded investment | |||
Interest income recognized | |||
Interest income collected | |||
Consumer and Other Portfolio Segment [Member] | Other [Member] | |||
Unpaid contractual principal balance with no related allowance | 0 | 4,000 | |
Impaired balance with no related allowance | 0 | 4,000 | |
Average recorded investment with no related allowance | 2,000 | 0 | 1,000 |
Interest income recognized with no related allowance | 0 | 0 | |
Interest income collected with no related allowance | 0 | 0 | |
Unpaid contractual principal balance with an allowance | 0 | ||
Impaired balance with an allowance | 0 | ||
Related allowance | 0 | 0 | |
Average recorded investment with an allowance | 0 | 0 | |
Interest income recognized with an allowance | 0 | 0 | |
Interest income collected with an allowance | 0 | 0 | |
Unpaid contractual principal balance | 0 | 4,000 | |
Impaired balance | 0 | 4,000 | |
Average recorded investment | 2,000 | 0 | 1,000 |
Interest income recognized | 0 | 0 | |
Interest income collected | $ 0 | $ 0 | |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Related allowance | |||
Impaired balance |
Note 5 - Allowance for Loan L_3
Note 5 - Allowance for Loan Losses (Details Textual) | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Loan Balance For Reviewing High Risk Loans Minimum | $ 250,000 | $ 250,000 | ||
Impaired Financing Receivable, Number of Loans Below Review Threshold | 123 | 125 | ||
Impaired Financing Receivable Recorded Investment Below Review Threshold | $ 3,800,000 | $ 3,100,000 | ||
Loans and Leases Receivable, Gross, Total | 935,271,000 | 782,027,000 | 766,796,000 | |
Loans and Leases Receivable, Allowance, Ending Balance | 6,789,000 | $ 7,277,000 | 7,159,000 | $ 7,508,000 |
Loans Not Classified as Impaired [Member] | Substandard [Member] | ||||
Loans and Leases Receivable, Gross, Total | 9,260,000 | 9,550,000 | ||
Loans and Leases Receivable, Allowance, Ending Balance | $ 1,660,000 | $ 1,300,000 |
Note 5 - Allowance for Loan L_4
Note 5 - Allowance for Loan Losses - Segregated by Class of Loan (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Allowance for loan losses, beginning balance | $ 7,277 | $ 7,508 | ||
Allowance for loan losses, charge-offs | (1,099) | (721) | ||
Allowance for loan losses, recoveries | 301 | 302 | ||
Allowance for loan losses, provision | $ 179 | $ 44 | 310 | 70 |
Allowance for loan losses, ending balance | 6,789 | 7,159 | 6,789 | 7,159 |
Provision for Loan Losses | 179 | 44 | 310 | 70 |
Provision for Loan Losses | 179 | 44 | 310 | 70 |
Commercial [Member] | Commercial and Agricultural Portfolio Segment [Member] | ||||
Allowance for loan losses, beginning balance | 370 | 447 | ||
Allowance for loan losses, charge-offs | (125) | (116) | ||
Allowance for loan losses, recoveries | 16 | 85 | ||
Allowance for loan losses, provision | 122 | 28 | ||
Allowance for loan losses, ending balance | 383 | 444 | 383 | 444 |
Provision for Loan Losses | 122 | 28 | ||
Provision for Loan Losses | 122 | 28 | ||
Commercial [Member] | Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, beginning balance | 4,549 | 3,874 | ||
Allowance for loan losses, charge-offs | (56) | (258) | ||
Allowance for loan losses, recoveries | 38 | 37 | ||
Allowance for loan losses, provision | (790) | 753 | ||
Allowance for loan losses, ending balance | 3,741 | 4,406 | 3,741 | 4,406 |
Provision for Loan Losses | (790) | 753 | ||
Provision for Loan Losses | (790) | 753 | ||
Agricultural [Member] | Commercial and Agricultural Portfolio Segment [Member] | ||||
Allowance for loan losses, beginning balance | 248 | 186 | ||
Allowance for loan losses, charge-offs | 0 | (123) | ||
Allowance for loan losses, recoveries | 1 | 7 | ||
Allowance for loan losses, provision | 789 | 192 | ||
Allowance for loan losses, ending balance | 1,038 | 262 | 1,038 | 262 |
Provision for Loan Losses | 789 | 192 | ||
Provision for Loan Losses | 789 | 192 | ||
Commercial Construction [Member] | Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, beginning balance | 115 | 1,216 | ||
Allowance for loan losses, charge-offs | (29) | |||
Allowance for loan losses, recoveries | 54 | 38 | ||
Allowance for loan losses, provision | (130) | (1,172) | ||
Allowance for loan losses, ending balance | 10 | 82 | 10 | 82 |
Provision for Loan Losses | (130) | (1,172) | ||
Provision for Loan Losses | (130) | (1,172) | ||
Residential Construction [Member] | Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, beginning balance | 16 | |||
Allowance for loan losses, charge-offs | 0 | 0 | ||
Allowance for loan losses, recoveries | 0 | 0 | ||
Allowance for loan losses, provision | (14) | |||
Allowance for loan losses, ending balance | 2 | 2 | ||
Provision for Loan Losses | (14) | |||
Provision for Loan Losses | (14) | |||
Residential [Member] | Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, beginning balance | 1,181 | 968 | ||
Allowance for loan losses, charge-offs | (647) | (89) | ||
Allowance for loan losses, recoveries | 159 | 75 | ||
Allowance for loan losses, provision | 152 | 112 | ||
Allowance for loan losses, ending balance | 845 | 1,066 | 845 | 1,066 |
Provision for Loan Losses | 152 | 112 | ||
Provision for Loan Losses | 152 | 112 | ||
Farmland [Member] | Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses, beginning balance | 702 | 780 | ||
Allowance for loan losses, charge-offs | (63) | |||
Allowance for loan losses, recoveries | 3 | 9 | ||
Allowance for loan losses, provision | 47 | 79 | ||
Allowance for loan losses, ending balance | 689 | 868 | 689 | 868 |
Provision for Loan Losses | 47 | 79 | ||
Provision for Loan Losses | 47 | 79 | ||
Consumer [Member] | Consumer and Other Portfolio Segment [Member] | ||||
Allowance for loan losses, beginning balance | 86 | 34 | ||
Allowance for loan losses, charge-offs | (179) | (135) | ||
Allowance for loan losses, recoveries | 27 | 49 | ||
Allowance for loan losses, provision | 129 | 82 | ||
Allowance for loan losses, ending balance | 63 | 30 | 63 | 30 |
Provision for Loan Losses | 129 | 82 | ||
Provision for Loan Losses | 129 | 82 | ||
Other [Member] | Consumer and Other Portfolio Segment [Member] | ||||
Allowance for loan losses, beginning balance | 10 | 3 | ||
Allowance for loan losses, charge-offs | 0 | |||
Allowance for loan losses, recoveries | 3 | 2 | ||
Allowance for loan losses, provision | 5 | (4) | ||
Allowance for loan losses, ending balance | $ 18 | $ 1 | 18 | 1 |
Provision for Loan Losses | 5 | (4) | ||
Provision for Loan Losses | $ 5 | $ (4) |
Note 5 - Allowance for Loan L_5
Note 5 - Allowance for Loan Losses - Segregated by Impairment Methodology (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Ending Allowance Balance, individually evaluated for impairment | $ 1,566,000 | $ 1,474,000 | ||
Ending Allowance Balance, collectively evaluated for impairment | 5,223,000 | 5,685,000 | ||
Related allowance | 1,566,000 | $ 1,418,000 | 1,474,000 | |
Ending Allowance Balance Total | 6,789,000 | 7,277,000 | 7,159,000 | $ 7,508,000 |
Ending Loan Balance, individually evaluated for impairment | 20,196,000 | 18,692,000 | ||
Ending Loan Balance, collectively evaluated for impairment | 914,910,000 | 748,104,000 | ||
Impaired balance | 24,179,000 | 24,473,000 | 21,789,000 | |
Loans | 935,271,000 | 782,027,000 | 766,796,000 | |
Financial Asset Acquired with Credit Deterioration [Member] | ||||
Related allowance | 0 | 0 | ||
Impaired balance | 165,000 | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Impaired balance | 69,000 | |||
Commercial [Member] | Commercial and Agricultural Portfolio Segment [Member] | ||||
Ending Allowance Balance, individually evaluated for impairment | 0 | |||
Ending Allowance Balance, collectively evaluated for impairment | 383,000 | 444,000 | ||
Related allowance | 6,000 | 0 | ||
Ending Allowance Balance Total | 383,000 | 370,000 | 444,000 | 447,000 |
Ending Loan Balance, individually evaluated for impairment | 16,000 | 77,000 | ||
Ending Loan Balance, collectively evaluated for impairment | 68,477,000 | 44,952,000 | ||
Impaired balance | 484,000 | 637,000 | 367,000 | |
Loans | 68,535,000 | 57,410,000 | 45,029,000 | |
Commercial [Member] | Commercial and Agricultural Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Related allowance | ||||
Impaired balance | 42,000 | |||
Commercial [Member] | Real Estate Portfolio Segment [Member] | ||||
Ending Allowance Balance, individually evaluated for impairment | 897,000 | 1,371,000 | ||
Ending Allowance Balance, collectively evaluated for impairment | 2,844,000 | 3,035,000 | ||
Related allowance | 897,000 | 1,276,000 | 1,371,000 | |
Ending Allowance Balance Total | 3,741,000 | 4,549,000 | 4,406,000 | 3,874,000 |
Ending Loan Balance, individually evaluated for impairment | 14,243,000 | 15,187,000 | ||
Ending Loan Balance, collectively evaluated for impairment | 419,573,000 | 336,876,000 | ||
Impaired balance | 14,535,000 | 15,855,000 | 15,248,000 | |
Loans | 433,816,000 | 373,534,000 | 352,063,000 | |
Commercial [Member] | Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Related allowance | ||||
Impaired balance | ||||
Agricultural [Member] | Commercial and Agricultural Portfolio Segment [Member] | ||||
Ending Allowance Balance, individually evaluated for impairment | 588,000 | 0 | ||
Ending Allowance Balance, collectively evaluated for impairment | 450,000 | 262,000 | ||
Related allowance | 588,000 | 0 | 0 | |
Ending Allowance Balance Total | 1,038,000 | 248,000 | 262,000 | 186,000 |
Ending Loan Balance, individually evaluated for impairment | 850,000 | 5,000 | ||
Ending Loan Balance, collectively evaluated for impairment | 18,011,000 | 20,032,000 | ||
Impaired balance | 1,304,000 | 413,000 | 290,000 | |
Loans | 18,861,000 | 16,799,000 | 20,037,000 | |
Agricultural [Member] | Commercial and Agricultural Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Related allowance | ||||
Impaired balance | ||||
Commercial Construction [Member] | Real Estate Portfolio Segment [Member] | ||||
Ending Allowance Balance, individually evaluated for impairment | 54,000 | |||
Ending Allowance Balance, collectively evaluated for impairment | 10,000 | 28,000 | ||
Related allowance | 39,000 | 54,000 | ||
Ending Allowance Balance Total | 10,000 | 115,000 | 82,000 | 1,216,000 |
Ending Loan Balance, individually evaluated for impairment | 67,000 | 481,000 | ||
Ending Loan Balance, collectively evaluated for impairment | 72,842,000 | 48,428,000 | ||
Impaired balance | 173,000 | 531,000 | 498,000 | |
Loans | 72,978,000 | 47,849,000 | 48,909,000 | |
Commercial Construction [Member] | Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Related allowance | ||||
Impaired balance | 69,000 | |||
Residential Construction [Member] | Real Estate Portfolio Segment [Member] | ||||
Ending Allowance Balance, individually evaluated for impairment | 0 | |||
Ending Allowance Balance, collectively evaluated for impairment | 2,000 | 0 | ||
Related allowance | 0 | 0 | ||
Ending Allowance Balance Total | 2,000 | 16,000 | ||
Ending Loan Balance, individually evaluated for impairment | 354,000 | 0 | ||
Ending Loan Balance, collectively evaluated for impairment | 18,268,000 | 11,541,000 | ||
Impaired balance | 354,000 | |||
Loans | 18,622,000 | 12,500,000 | 11,541,000 | |
Residential Construction [Member] | Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Related allowance | ||||
Impaired balance | ||||
Residential [Member] | Real Estate Portfolio Segment [Member] | ||||
Ending Allowance Balance, individually evaluated for impairment | 49,000 | 21,000 | ||
Ending Allowance Balance, collectively evaluated for impairment | 796,000 | 1,045,000 | ||
Related allowance | 49,000 | 61,000 | 21,000 | |
Ending Allowance Balance Total | 845,000 | 1,181,000 | 1,066,000 | 968,000 |
Ending Loan Balance, individually evaluated for impairment | 1,914,000 | 1,910,000 | ||
Ending Loan Balance, collectively evaluated for impairment | 203,260,000 | 185,681,000 | ||
Impaired balance | 4,130,000 | 4,404,000 | 3,841,000 | |
Loans | 205,188,000 | 187,714,000 | 187,591,000 | |
Residential [Member] | Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Related allowance | ||||
Impaired balance | 14,000 | |||
Farmland [Member] | Real Estate Portfolio Segment [Member] | ||||
Ending Allowance Balance, individually evaluated for impairment | 32,000 | 28,000 | ||
Ending Allowance Balance, collectively evaluated for impairment | 657,000 | 840,000 | ||
Related allowance | 32,000 | 36,000 | 28,000 | |
Ending Allowance Balance Total | 689,000 | 702,000 | 868,000 | 780,000 |
Ending Loan Balance, individually evaluated for impairment | 2,752,000 | 1,032,000 | ||
Ending Loan Balance, collectively evaluated for impairment | 71,480,000 | 66,835,000 | ||
Impaired balance | 3,067,000 | 2,416,000 | 1,345,000 | |
Loans | 74,272,000 | 62,709,000 | 67,867,000 | |
Farmland [Member] | Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Related allowance | ||||
Impaired balance | 40,000 | |||
Consumer [Member] | Consumer and Other Portfolio Segment [Member] | ||||
Ending Allowance Balance, individually evaluated for impairment | 0 | |||
Ending Allowance Balance, collectively evaluated for impairment | 63,000 | 30,000 | ||
Related allowance | 0 | 0 | ||
Ending Allowance Balance Total | 63,000 | 86,000 | 30,000 | 34,000 |
Ending Loan Balance, individually evaluated for impairment | 0 | |||
Ending Loan Balance, collectively evaluated for impairment | 23,066,000 | 18,746,000 | ||
Impaired balance | 132,000 | 213,000 | 200,000 | |
Loans | 23,066,000 | 18,485,000 | 18,746,000 | |
Consumer [Member] | Consumer and Other Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Related allowance | ||||
Impaired balance | ||||
Other [Member] | Consumer and Other Portfolio Segment [Member] | ||||
Ending Allowance Balance, individually evaluated for impairment | 0 | |||
Ending Allowance Balance, collectively evaluated for impairment | 18,000 | 1,000 | ||
Related allowance | 0 | 0 | ||
Ending Allowance Balance Total | 18,000 | 10,000 | 1,000 | $ 3,000 |
Ending Loan Balance, individually evaluated for impairment | 0 | |||
Ending Loan Balance, collectively evaluated for impairment | 19,933,000 | 15,013,000 | ||
Impaired balance | 4,000 | 0 | ||
Loans | 19,933,000 | $ 5,027,000 | $ 15,013,000 | |
Other [Member] | Consumer and Other Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||
Related allowance | ||||
Impaired balance |
Note 6 - Other Real Estate Ow_3
Note 6 - Other Real Estate Owned (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Other Real Estate, Ending Balance | $ 987 | $ 1,841 | $ 4,256 |
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Total | 120 | 565 | |
Mortgage Loans in Process of Foreclosure, Amount | $ 1,076 | $ 25 |
Note 6 - Other Real Estate Ow_4
Note 6 - Other Real Estate Owned - Change in OREO (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Balance, Beginning | $ 1,841 | $ 4,256 |
Additions | 166 | 793 |
Acquired in Acquisition | 243 | |
Sales of OREO | (2,114) | (2,949) |
Transfer to Bank Premises | (300) | |
Gains (Losses) on Sale | 955 | 303 |
Provision for Losses | (104) | (262) |
Balance, Ending | $ 987 | $ 1,841 |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Deposit Liabilities Reclassified as Loans Receivable | $ 441 | $ 476 |
Interest-bearing Domestic Deposit, Brokered | 109,638 | 80,535 |
Time Deposits, at or Above FDIC Insurance Limit | 71,359 | 53,881 |
Short-term Jumbo Certificates of Deposit [Member] | ||
Time Deposits, at or Above FDIC Insurance Limit | $ 58,233 | $ 41,104 |
Note 7 - Deposits - Components
Note 7 - Deposits - Components of Interest-bearing Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Interest-Bearing Demand | $ 591,236 | $ 471,794 |
Savings | 84,606 | 79,453 |
Time, $250,000 and Over | 71,359 | 53,881 |
Other Time | 318,211 | 287,150 |
$ 1,065,412 | $ 892,278 |
Note 7 - Deposits - Scheduled M
Note 7 - Deposits - Scheduled Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
One Year and Under | $ 277,759 | $ 241,366 |
One to Three Years | 98,060 | 82,412 |
Three Years and Over | 13,751 | 17,253 |
$ 389,570 | $ 341,031 |
Note 8 - Other Borrowed Money_2
Note 8 - Other Borrowed Money (Details Textual) - USD ($) | May 01, 2019 | Jun. 30, 2019 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Due Date, Earliest | 2020 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Due Date, Last | 2028 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 168,066 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 261,264 | |
Long-term Line of Credit, Total | 0 | |
Line of Credit Facility, Current Borrowing Capacity | 48,000 | |
Federal Reserve Bank Advances [Member] | ||
Short-term Debt, Total | 0 | |
Revolving Credit Facility [Member] | ||
Line of Credit Facility, Maximum Borrowing Capacity | $ 10,000,000 | |
Proceeds from Lines of Credit, Total | $ 5,300,000 | |
Long-term Line of Credit, Total | 5,300,000 | |
Revolving Credit Facility [Member] | Prime Rate [Member] | ||
Debt Instrument, Basis Spread on Variable Rate | 0.40% | |
Term Note [Member] | ||
Debt Instrument, Face Amount | $ 10,000,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 4.70% | |
Notes Payable, Total | $ 9,800,000 | |
Minimum [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 0.98% | |
Maximum [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 3.51% |
Note 8 - Other Borrowed Money -
Note 8 - Other Borrowed Money - Summary of Other Borrowed Money (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Federal Home Loan Bank Advances | $ 40,000 | $ 44,000 |
Other Borrowings | 15,063 | |
Other Borrowed Money | $ 55,063 | $ 44,000 |
Note 8 - Other Borrowed Money_3
Note 8 - Other Borrowed Money - Aggregate Stated Maturities (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
2024 and After | $ 1,627 | $ 1,525 |
40,000 | $ 44,000 | |
Other Borrowings [Member] | ||
2019 | 500 | |
2020 | 4,500 | |
2021 | 6,313 | |
2022 | 19,000 | |
2023 | 7,000 | |
2024 and After | 17,750 | |
$ 55,063 |
Note 9 - Subordinated Debentu_3
Note 9 - Subordinated Debentures (Trusted Preferred Securities) - Schedule of Subordinated Debentures (Details) - Trust Preferred Securities Subject to Mandatory Redemption [Member] $ in Thousands | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Colony Bankcorp Statutory Trust III [Member] | |
Issuance date | Jun. 17, 2004 |
Debt amount | $ 4,640 |
Total interest rate | 5.09025% |
Maturity date | Jun. 14, 2034 |
5 year call option | Jun. 17, 2009 |
Colony Bankcorp Statutory Trust III [Member] | London Interbank Offered Rate (LIBOR) [Member] | |
3 month LIBOR rate | 2.41025% |
Added points | 0.0268% |
Colony Bankcorp Capital Trust I [Member] | |
Issuance date | Apr. 13, 2006 |
Debt amount | $ 5,155 |
Total interest rate | 3.81888% |
Maturity date | Apr. 13, 2036 |
5 year call option | Apr. 13, 2011 |
Colony Bankcorp Capital Trust I [Member] | London Interbank Offered Rate (LIBOR) [Member] | |
3 month LIBOR rate | 2.31888% |
Added points | 0.015% |
Colony Bankcorp Capital Trust II [Member] | |
Issuance date | Mar. 12, 2007 |
Debt amount | $ 9,279 |
Total interest rate | 3.96888% |
Maturity date | Mar. 12, 2037 |
5 year call option | Mar. 12, 2012 |
Colony Bankcorp Capital Trust II [Member] | London Interbank Offered Rate (LIBOR) [Member] | |
3 month LIBOR rate | 2.31888% |
Added points | 0.0165% |
Colony Bankcorp Capital Trust III [Member] | |
Issuance date | Sep. 14, 2007 |
Debt amount | $ 5,155 |
Total interest rate | 3.98275% |
Maturity date | Sep. 14, 2037 |
5 year call option | Sep. 14, 2012 |
Colony Bankcorp Capital Trust III [Member] | London Interbank Offered Rate (LIBOR) [Member] | |
3 month LIBOR rate | 2.58275% |
Added points | 0.014% |
Note 10 - Commitments and Con_3
Note 10 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | |
Expiration Period Of Letter Of Credit Issued | 1 year | |
Advances from Federal Home Loan Banks, Total | $ 40,000 | $ 44,000 |
Letter of Credit Issued by FHLB to Guarantee Public Funds Deposit Balances [Member] | ||
Advances from Federal Home Loan Banks, Total | $ 18,000 |
Note 10 - Commitments and Con_4
Note 10 - Commitments and Contingencies - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Letters of Credit | $ 1,627 | $ 1,525 |
Loan Origination Commitments [Member] | ||
Loan Commitments | $ 146,481 | $ 98,736 |
Note 11 - Fair Value of Finan_3
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Discounted Rate To Account For Selling And Marketing Costs | 10.00% | |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 | $ 0 | $ 2,009 |
Note 11 - Fair Value of Finan_4
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Fair Value | $ 409,839 | $ 353,066 |
Bank-Owned Life Insurance | 21,357 | 17,598 |
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value | ||
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value | 348,789 | |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value | 4,277 | |
Reported Value Measurement [Member] | ||
Cash and Short-Term Investments | 75,412 | 60,156 |
Fair Value | 409,839 | |
Other Investments, at Cost | 3,261 | 2,978 |
Loans Held for Sale | 3,813 | |
Loans, Net | 927,917 | 774,249 |
Bank-Owned Life Insurance | 21,357 | 17,598 |
Deposits | 1,297,723 | 1,085,125 |
Subordinated Debentures | 24,229 | 24,229 |
Other Borrowed Money | 55,063 | 44,000 |
Investment Securities Available for Sale | 353,066 | |
Federal Home Loan Bank Stock | 3,261 | 2,978 |
Estimate of Fair Value Measurement [Member] | ||
Cash and Short-Term Investments | 75,412 | 60,156 |
Fair Value | 409,839 | |
Other Investments, at Cost | 3,261 | 2,978 |
Loans Held for Sale | 3,813 | |
Loans, Net | 925,547 | 769,809 |
Bank-Owned Life Insurance | 21,357 | 17,598 |
Deposits | 1,300,200 | 1,086,503 |
Subordinated Debentures | 24,229 | 24,229 |
Other Borrowed Money | 54,865 | 44,032 |
Investment Securities Available for Sale | 353,066 | |
Federal Home Loan Bank Stock | 3,261 | 2,978 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and Short-Term Investments | 75,412 | 60,156 |
Fair Value | ||
Other Investments, at Cost | 3,261 | 2,978 |
Loans Held for Sale | ||
Loans, Net | ||
Bank-Owned Life Insurance | 21,357 | 17,598 |
Deposits | 908,153 | 744,094 |
Subordinated Debentures | ||
Other Borrowed Money | ||
Investment Securities Available for Sale | ||
Federal Home Loan Bank Stock | 3,261 | 2,978 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and Short-Term Investments | ||
Fair Value | 406,405 | |
Other Investments, at Cost | ||
Loans Held for Sale | 3,813 | |
Loans, Net | 922,868 | 766,457 |
Bank-Owned Life Insurance | ||
Deposits | 392,047 | 342,409 |
Subordinated Debentures | 24,229 | 24,229 |
Other Borrowed Money | 54,865 | 44,032 |
Investment Securities Available for Sale | 348,788 | |
Federal Home Loan Bank Stock | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and Short-Term Investments | ||
Fair Value | 3,434 | |
Other Investments, at Cost | ||
Loans Held for Sale | ||
Loans, Net | 2,679 | 3,352 |
Bank-Owned Life Insurance | ||
Deposits | ||
Subordinated Debentures | ||
Other Borrowed Money | ||
Investment Securities Available for Sale | 4,278 | |
Federal Home Loan Bank Stock |
Note 11 - Fair Value of Finan_5
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Recurring Securities Available for Sale | $ 409,839 | $ 353,066 |
Fair Value, Inputs, Level 1 [Member] | ||
Recurring Securities Available for Sale | ||
Fair Value, Inputs, Level 2 [Member] | ||
Recurring Securities Available for Sale | 348,789 | |
Fair Value, Inputs, Level 3 [Member] | ||
Recurring Securities Available for Sale | 4,277 | |
Fair Value, Recurring [Member] | ||
Recurring Securities Available for Sale | 409,839 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recurring Securities Available for Sale | ||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recurring Securities Available for Sale | 406,405 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recurring Securities Available for Sale | 3,434 | |
Fair Value, Nonrecurring [Member] | ||
Impaired Loans | 2,679 | 3,352 |
Other Real Estate | 714 | 1,183 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Impaired Loans | ||
Other Real Estate | ||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Impaired Loans | ||
Other Real Estate | ||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Impaired Loans | 2,679 | 3,352 |
Other Real Estate | 714 | 1,183 |
US Government Agencies Debt Securities [Member] | ||
Recurring Securities Available for Sale | 403,408 | 346,205 |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Recurring Securities Available for Sale | 403,408 | 346,205 |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recurring Securities Available for Sale | ||
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recurring Securities Available for Sale | 400,189 | 342,142 |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recurring Securities Available for Sale | 3,219 | 4,063 |
US States and Political Subdivisions Debt Securities [Member] | ||
Recurring Securities Available for Sale | 3,574 | 3,989 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Recurring Securities Available for Sale | 3,574 | 3,989 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recurring Securities Available for Sale | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recurring Securities Available for Sale | 3,359 | 3,775 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recurring Securities Available for Sale | 215 | 214 |
Corporate Debt Securities [Member] | ||
Recurring Securities Available for Sale | 2,857 | 2,872 |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Recurring Securities Available for Sale | 2,857 | 2,872 |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recurring Securities Available for Sale | ||
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recurring Securities Available for Sale | 2,857 | 2,872 |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recurring Securities Available for Sale |
Note 11 - Fair Value of Finan_6
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Quantitative Information for Financial Instruments Measured at Fair Value (Details) $ in Thousands | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) |
Other Real Estate Owned, fair value | $ 987 | $ 1,841 | $ 4,256 |
Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | 2,679 | 3,352 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 2,679 | 3,352 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Cost to Sell [Member] | |||
Other Real Estate Owned, measurement input | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Cost to Sell [Member] | |||
Other Real Estate Owned, measurement input | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Cost to Sell [Member] | |||
Other Real Estate Owned, measurement input | 0 | ||
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Other Real Estate Owned, fair value | $ 714 | $ 1,183 | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Other Real Estate Owned, measurement input | (30) | (30) | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Other Real Estate Owned, measurement input | 9.82 | 9.82 | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Other Real Estate Owned, measurement input | 25.02 | 25.02 | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Other Real Estate Owned, measurement input | 99.39 | 99.39 | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Other Real Estate Owned, measurement input | (2.49) | (2.49) | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Other Real Estate Owned, measurement input | 40.36 | 35.26 | |
Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Cap Rate [Member] | |||
Other Real Estate Owned, measurement input | 10 | ||
Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Discount Rate [Member] | |||
Other Real Estate Owned, measurement input | 10 | ||
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 218 | $ 213 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (10.86) | (10.86) | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | 6.7 | 6.7 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 25 | 25 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (2.08) | (2.08) | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 12.5 | 12.5 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 360 | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (6) | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0 | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | 1,975 | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 10 | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | 984.2 | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 5 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 35 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (37.25) | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 17.5 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 2,134 | $ 2,415 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (60) | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Cap Rate [Member] | |||
Impaired loans, measurement input | 7.75 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | 80 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 10 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Cap Rate [Member] | |||
Impaired loans, measurement input | 10.5 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | 10 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 5 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Cap Rate [Member] | |||
Impaired loans, measurement input | 9.13 | 10.13 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 327 | $ 328 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (71) | (71) | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 10 | 10 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (3.5) | (3.5) | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 80 | 80 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (37.25) | ||
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 45 | ||
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 45 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 36 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Cost to Sell [Member] | |||
Impaired loans, measurement input | 0 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 15 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Cost to Sell [Member] | |||
Impaired loans, measurement input | 0 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Cap Rate [Member] | |||
Impaired loans, measurement input | 15 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Cost to Sell [Member] | |||
Impaired loans, measurement input | 0 |
Note 11 - Fair Value of Finan_7
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Fair Value Measurement Using Significant Unobservable Inputs (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Transfers out of Level 3 | $ 0 | $ (2,009) |
Available-for-sale Securities [Member] | ||
Balance, available for sale securities | 4,277 | 7,298 |
Transfers out of Level 3 | (2,009) | |
Maturities | ||
Purchases | ||
Paydowns | (883) | (886) |
Unrealized Gains included in Other Comprehensive Income (Loss) | 40 | (126) |
Balance, available for sale securities | $ 3,434 | $ 4,277 |
Note 11 - Fair Value of Finan_8
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Quantitative Information About Recurring Level 3 Fair Value Measurement (Details) $ in Thousands | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) | |
Fair Value | $ 409,839 | $ 353,066 | |
Fair Value, Recurring [Member] | |||
Fair Value | 409,839 | ||
Fair Value, Inputs, Level 3 [Member] | |||
Fair Value | 4,277 | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | |||
Fair Value | 3,434 | ||
US States and Political Subdivisions Debt Securities [Member] | |||
Fair Value | 3,574 | 3,989 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | |||
Fair Value | 3,574 | 3,989 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | |||
Fair Value | $ 215 | 214 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Measurement Input, Discount Rate [Member] | |||
Range Weighted Average | [1] | ||
US Government Agencies Debt Securities [Member] | |||
Fair Value | $ 403,408 | 346,205 | |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | |||
Fair Value | 403,408 | 346,205 | |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | |||
Fair Value | $ 3,219 | $ 4,063 | |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Measurement Input, Discount Rate [Member] | |||
Range Weighted Average | [1] | ||
[1] | The Company relies on a third-party pricing service to value its securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company. |
Note 12 - Regulatory Capital _3
Note 12 - Regulatory Capital Matters (Details Textual) | Jan. 01, 2016 |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets Rule 1 | 0.625% |
Increase in Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 0.625% |
Tier 1 Capital Conservation Buffer of Risk Weighted Assets | 2.50% |
Note 12 - Regulatory Capital _4
Note 12 - Regulatory Capital Matters - Summary of Regulatory Capital Information (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Capital | $ 136,952 | $ 133,900 |
Capital to Risk-Weighted Assets | 13.37% | 15.86% |
Capital Required for Capital Adequacy | $ 81,961 | $ 67,527 |
Capital Required for Capital Adequacy to Risk-Weighted Assets | 8.00% | 8.00% |
Tier I Risk Based Capital | $ 130,163 | $ 126,623 |
Tier I Risk Based Capital to Risk-Weighted Assets | 12.70% | 15.00% |
Tier I Risk Based Capital Required for Capital Adequacy | $ 61,470 | $ 50,645 |
Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets | 6.00% | 6.00% |
Common Equity Tier I Risk Based Capital | $ 106,663 | $ 103,123 |
Common Equity Tier I Risk Based Capital to Risk-Weighted Assets | 10.41% | 12.22% |
Common Equity Tier I Risk Based Capital Required for Capital Adequacy | $ 46,103 | $ 37,984 |
Common Equity Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets | 4.50% | 4.50% |
Tier I Leverage Capital | $ 130,163 | $ 126,623 |
Tier I Leverage Capital to Average Assets | 9.34% | 10.24% |
Tier I Leverage Capital Required for Capital Adequacy | $ 55,765 | $ 49,478 |
Tier I Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
Colony Bank [Member] | ||
Capital | $ 148,554 | $ 131,723 |
Capital to Risk-Weighted Assets | 14.52% | 15.63% |
Capital Required for Capital Adequacy | $ 81,856 | $ 67,418 |
Capital Required for Capital Adequacy to Risk-Weighted Assets | 8.00% | 8.00% |
Capital Required to be Well Capitalized | $ 102,320 | $ 84,272 |
Capital Required to be Well Capitalized to Risk-Weighted Assets | 10.00% | 10.00% |
Tier I Risk Based Capital | $ 141,765 | $ 124,446 |
Tier I Risk Based Capital to Risk-Weighted Assets | 13.86% | 14.77% |
Tier I Risk Based Capital Required for Capital Adequacy | $ 61,392 | $ 50,563 |
Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets | 6.00% | 6.00% |
Tier I Risk Based Capital Required to be Well Capitalized | $ 81,856 | $ 67,418 |
Tier I Risk Based Capital Required to be Well Capitalized to Risk-Weighted Assets | 8.00% | 8.00% |
Common Equity Tier I Risk Based Capital | $ 141,765 | $ 124,446 |
Common Equity Tier I Risk Based Capital to Risk-Weighted Assets | 13.86% | 14.77% |
Common Equity Tier I Risk Based Capital Required for Capital Adequacy | $ 46,044 | $ 37,923 |
Common Equity Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets | 4.50% | 4.50% |
Common Equity Tier I Risk Based Capital Required to Be Well Capitalized | $ 66,508 | $ 54,777 |
Common Equity Tier I Risk Based Capital Required to Be Well Capitalized to Risk-Weighted Assets | 6.50% | 6.50% |
Tier I Leverage Capital | $ 141,765 | $ 124,446 |
Tier I Leverage Capital to Average Assets | 10.18% | 10.08% |
Tier I Leverage Capital Required for Capital Adequacy | $ 55,684 | $ 49,396 |
Tier I Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
Tier I Leverage Capital Required to Be Well Capitalized | $ 69,606 | $ 61,745 |
Tier I Leverage Capital Required to Be Well Capitalized to Average Assets | 5.00% | 5.00% |
Note 13 - Stock-based Compens_2
Note 13 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 6 Months Ended |
Aug. 31, 2018 | Jun. 30, 2019 | |
Share Price | $ 17.73 | |
Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | 5,650 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 69,448 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 2 years 29 days | |
Share-based Payment Arrangement, Expense | $ 16,668 |
Note 14 - Earnings Per Share -
Note 14 - Earnings Per Share - Summary of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Net Income Available to Common Stockholders | $ 2,101 | $ 3,069 | $ 4,936 | $ 6,257 |
Weighted Average Basic Shares Outstanding (in shares) | 9,089,461 | 8,439,258 | 8,764,909 | 8,439,258 |
Restricted Stock (in shares) | ||||
Stock Warrants (in shares) | 173,000 | 196,000 | ||
Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share (in shares) | 9,089,461 | 8,612,352 | 8,764,909 | 8,634,865 |
Earnings Per Share - Basic (in dollars per share) | $ 0.23 | $ 0.36 | $ 0.56 | $ 0.74 |
Earnings Per Share - Diluted (in dollars per share) | $ 0.23 | $ 0.36 | $ 0.56 | $ 0.72 |
Note 15 - Accumulated Other C_3
Note 15 - Accumulated Other Comprehensive Income (Loss) - Changes for Unrealized Gains and Losses Securities Available for Sale (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Balance | $ 95,692 | $ 90,323 |
Balance | 126,509 | 95,692 |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | ||
Balance | (8,190) | (6,492) |
Other Comprehensive Income Before Reclassification | 8,472 | (1,606) |
Amounts Reclassified from Accumulated Other Comprehensive Income | (51) | (92) |
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects | 8,421 | (1,698) |
Balance | $ 231 | $ (8,190) |
Note 16 - Segment Information -
Note 16 - Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Net Interest Income | $ 11,825 | $ 10,165 | $ 22,182 | $ 20,294 | |
Provision for Loan Losses | 179 | 44 | 310 | 70 | |
Total Noninterest Income | 4,000 | 2,324 | 6,334 | 4,758 | |
Noninterest Expenses | 13,014 | 8,601 | 22,040 | 17,137 | |
Income Taxes | 531 | 775 | 1,230 | 1,588 | |
Segment Profit (Loss) | 2,101 | 3,069 | 4,936 | 6,257 | |
Segment Assets | 1,506,972 | 1,204,472 | 1,506,972 | 1,204,472 | $ 1,251,878 |
Bank [Member] | |||||
Net Interest Income | 12,200 | 10,411 | 22,832 | 20,753 | |
Provision for Loan Losses | 179 | 44 | 310 | 70 | |
Total Noninterest Income | 3,492 | 2,317 | 5,675 | 4,744 | |
Noninterest Expenses | 11,636 | 8,325 | 20,242 | 16,605 | |
Income Taxes | 737 | 877 | 1,548 | 1,782 | |
Segment Profit (Loss) | 3,140 | 3,482 | 6,407 | 7,040 | |
Segment Assets | 1,498,212 | 1,199,709 | 1,498,212 | 1,199,709 | |
Mortgage Loan Banking [Member] | |||||
Net Interest Income | 19 | 19 | |||
Provision for Loan Losses | |||||
Total Noninterest Income | 500 | 643 | |||
Noninterest Expenses | 722 | 846 | |||
Income Taxes | 5 | ||||
Segment Profit (Loss) | (203) | (189) | |||
Segment Assets | 4,539 | 4,539 | |||
Corporate Segment [Member] | |||||
Net Interest Income | (394) | (246) | (669) | (459) | |
Provision for Loan Losses | |||||
Total Noninterest Income | 8 | 7 | 16 | 14 | |
Noninterest Expenses | 656 | 276 | 952 | 532 | |
Income Taxes | (206) | (102) | (323) | (194) | |
Segment Profit (Loss) | (836) | (413) | (1,282) | (783) | |
Segment Assets | $ 4,221 | $ 4,763 | $ 4,221 | $ 4,763 |
Note 17 - Subsequent Events (De
Note 17 - Subsequent Events (Details Textual) - $ / shares | Jul. 18, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 |
Common Stock, Dividends, Per Share, Declared | $ 0.075 | $ 0.05 | $ 0.15 | $ 0.10 | |
Subsequent Event [Member] | |||||
Common Stock, Dividends, Per Share, Declared | $ 0.075 |