Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2021 | Nov. 02, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000859070 | |
Entity Registrant Name | FIRST COMMUNITY BANKSHARES INC /VA/ | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 000-19297 | |
Entity Incorporation, State or Country Code | VA | |
Entity Tax Identification Number | 55-0694814 | |
Entity Address, Address Line One | P.O. Box 989 | |
Entity Address, City or Town | Bluefield | |
Entity Address, State or Province | VA | |
Entity Address, Postal Zip Code | 24605-0989 | |
City Area Code | 276 | |
Local Phone Number | 326-9000 | |
Title of 12(b) Security | Common Stock ($1.00 par value) | |
Trading Symbol | FCBC | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 17,017,060 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | [1] | |
Assets | ||||
Cash and due from banks | $ 49,367 | $ 58,404 | ||
Federal funds sold | 582,285 | 395,756 | ||
Interest-bearing deposits in banks | 3,355 | 2,401 | ||
Total cash and cash equivalents | 635,007 | 456,561 | ||
Debt securities available for sale | 77,440 | 83,358 | ||
Loans held for investment, net of unearned income (includes covered loans of $9,680, December 31, 2020) (2) | [2] | 2,152,103 | 2,186,632 | |
Allowance for credit losses (3) | [3] | (29,877) | (26,182) | |
Loans held for investment, net | 2,122,226 | 2,160,450 | ||
Premises and equipment, net | 52,842 | 57,700 | ||
Other real estate owned | 1,240 | 2,083 | ||
Interest receivable | 8,146 | 9,052 | ||
Goodwill | 129,565 | 129,565 | ||
Other intangible assets | 5,987 | 7,069 | ||
Other assets | 107,258 | 105,298 | ||
Total assets | 3,139,711 | 3,011,136 | ||
Liabilities | ||||
Noninterest-bearing | 820,147 | 772,795 | ||
Interest-bearing | 1,853,699 | 1,773,452 | ||
Total deposits | 2,673,846 | 2,546,247 | ||
Securities sold under agreements to repurchase | 1,106 | 964 | ||
Interest, taxes, and other liabilities | 37,395 | 37,195 | ||
Total liabilities | 2,712,347 | 2,584,406 | ||
Stockholders' equity | ||||
Preferred stock, undesignated par value; 1,000,000 shares authorized; Series A Noncumulative Convertible Preferred Stock, $0.01 par value; 25,000 shares authorized; none outstanding | 0 | 0 | ||
Common stock, $1 par value; 50,000,000 shares authorized; 24,134,311 shares issued and 17,071,052 outstanding at September 30, 2021; 24,319,076 shares issued and 17,722,507 outstanding at December 31, 2020 | 17,071 | 17,723 | ||
Additional paid-in capital | 154,086 | 173,345 | ||
Retained earnings | 258,860 | 237,585 | ||
Accumulated other comprehensive loss | (2,653) | (1,923) | ||
Total stockholders' equity | 427,364 | 426,730 | ||
Total liabilities and stockholders' equity | $ 3,139,711 | $ 3,011,136 | ||
[1] | Derived from audited financial statements | |||
[2] | Effective September 28, 2021, the Company terminated its remaining loss share agreement with the FDIC. The termination eliminates the FDIC guarantee on particular loan losses. | |||
[3] | Effective January 1, 2021, the Company adopted the current expected credit loss methodology ("CECL"), prior to January 1, 2021, the Company utilized the incurred credit loss methodology. |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | ||
Loans held for investment, covered | [1] | $ 9,680 | ||
Common stock, par value (in dollars per share) | $ 1 | $ 1 | [1] | |
Common stock, authorized (in shares) | 50,000,000 | 50,000,000 | [1] | |
Common stock, issued (in shares) | 24,134,311 | 24,319,076 | [1] | |
Common stock, outstanding (in shares) | 17,071,052 | 17,722,507 | [1] | |
Undesignated Par Value [Member] | ||||
Preferred stock, no par value (in dollars per share) | $ 0 | $ 0 | [1] | |
Preferred stock, authorized (in shares) | 1,000,000 | 1,000,000 | [1] | |
Designated Par Value [Member] | ||||
Preferred stock, authorized (in shares) | 25,000 | 25,000 | [1] | |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | [1] | |
Preferred stock, outstanding (in shares) | 0 | 0 | [1] | |
[1] | Derived from audited financial statements |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Interest income: | ||||
Interest and fees on loans | $ 25,119 | $ 27,297 | $ 77,596 | $ 82,346 |
Interest on securities -- taxable | 200 | 190 | 557 | 808 |
Interest on securities -- tax-exempt | 245 | 419 | 818 | 1,432 |
Interest on deposits in banks | 225 | 89 | 507 | 704 |
Total interest income | 25,789 | 27,995 | 79,478 | 85,290 |
Interest expense: | ||||
Interest on deposits | 642 | 1,161 | 2,235 | 4,431 |
Interest on short-term borrowings | 1 | 0 | 1 | 4 |
Total interest expense | 643 | 1,161 | 2,236 | 4,435 |
Net interest income | 25,146 | 26,834 | 77,242 | 80,855 |
(Recovery of) provision for credit losses | (1,394) | 4,703 | (7,625) | 12,034 |
Net interest income after provision for loan losses | 26,540 | 22,131 | 84,867 | 68,821 |
Noninterest income: | ||||
Net gain on sale of securities | 0 | 0 | 0 | 385 |
Net FDIC indemnification asset amortization | 0 | (383) | (1,226) | (1,352) |
Other operating income | 1,004 | 1,114 | 4,340 | 3,323 |
Total noninterest income | 8,720 | 7,638 | 25,086 | 22,100 |
Noninterest expense: | ||||
Salaries and employee benefits | 10,646 | 10,485 | 31,746 | 32,886 |
Occupancy expense | 1,155 | 1,228 | 3,545 | 3,818 |
Furniture and equipment expense | 1,385 | 1,412 | 4,209 | 4,112 |
Service fees | 1,530 | 1,581 | 4,378 | 4,433 |
Advertising and public relations | 536 | 430 | 1,487 | 1,417 |
Professional fees | 313 | 408 | 1,069 | 948 |
Amortization of intangibles | 365 | 365 | 1,082 | 1,086 |
FDIC premiums and assessments | 216 | 191 | 619 | 224 |
Merger expenses | 0 | 0 | 0 | 1,893 |
Other operating expense | 2,690 | 3,071 | 8,882 | 8,931 |
Total noninterest expense | 18,836 | 19,171 | 57,017 | 59,748 |
Income before income taxes | 16,424 | 10,598 | 52,936 | 31,173 |
Income tax expense | 3,816 | 2,332 | 12,323 | 6,797 |
Net income | $ 12,608 | $ 8,266 | $ 40,613 | $ 24,376 |
Earnings per common share | ||||
Basic (in dollars per share) | $ 0.73 | $ 0.47 | $ 2.32 | $ 1.37 |
Diluted (in dollars per share) | $ 0.73 | $ 0.47 | $ 2.32 | $ 1.37 |
Weighted average shares outstanding | ||||
Basic (in shares) | 17,221,244 | 17,710,283 | 17,457,477 | 17,803,369 |
Diluted (in shares) | 17,279,576 | 17,732,428 | 17,511,900 | 17,836,963 |
Fiduciary and Trust [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 974 | $ 909 | $ 2,913 | $ 2,607 |
Deposit Account [Member] | ||||
Noninterest income: | ||||
Noninterest income | 3,599 | 3,250 | 9,728 | 9,541 |
Financial Service, Other [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 3,143 | $ 2,748 | $ 9,331 | $ 7,596 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Net income | $ 12,608 | $ 8,266 | $ 40,613 | $ 24,376 |
Other comprehensive income, before tax | ||||
Change in net unrealized (losses) gains on debt securities without other-than-temporary impairment | (207) | (268) | (1,007) | 873 |
Reclassification adjustment for net (gains) recognized in net income | 0 | 0 | 0 | (385) |
Net unrealized (losses) gains on available-for-sale debt securities | (207) | (268) | (1,007) | 488 |
Employee benefit plans: | ||||
Net actuarial (loss) | 0 | (1) | (206) | (446) |
Reclassification adjustment for amortization of prior service cost and net actuarial loss recognized in net income | 96 | 97 | 289 | 290 |
Net unrealized gains (losses) on employee benefit plans | 96 | 96 | 83 | (156) |
Other comprehensive (loss) income, before tax | (111) | (172) | (924) | 332 |
Income tax (benefit) expense | (23) | (36) | (194) | 70 |
Other comprehensive (loss) income, net of tax | (88) | (136) | (730) | 262 |
Total comprehensive income | $ 12,520 | $ 8,130 | $ 39,883 | $ 24,638 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Cumulative Effect, Period of Adoption, Adjustment [Member]Preferred Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total | |
Balance at Dec. 31, 2019 | $ 0 | $ 18,377 | $ 192,413 | $ 219,535 | $ (1,506) | $ 428,819 | |||||||
Net income | 0 | 0 | 0 | 24,376 | 0 | 24,376 | |||||||
Other comprehensive income | 0 | 0 | 0 | 0 | 262 | 262 | |||||||
Common dividends declared | 0 | 0 | 0 | (13,447) | 0 | (13,447) | |||||||
Equity-based compensation expense | 0 | 57 | 1,311 | 0 | 0 | 1,368 | |||||||
Issuance of stock to 401(k) plan | 0 | 18 | 393 | 0 | 0 | 411 | |||||||
Repurchase of common shares | 0 | (735) | (21,137) | 0 | 0 | (21,872) | |||||||
Balance at Sep. 30, 2020 | 0 | 17,717 | 172,980 | 230,464 | (1,244) | 419,917 | |||||||
Balance at Jun. 30, 2020 | 0 | 17,710 | 172,601 | 226,627 | (1,108) | 415,830 | |||||||
Net income | 0 | 0 | 0 | 8,266 | 0 | 8,266 | |||||||
Other comprehensive income | 0 | 0 | 0 | 0 | (136) | (136) | |||||||
Common dividends declared | 0 | 0 | 0 | (4,429) | 0 | (4,429) | |||||||
Equity-based compensation expense | 0 | 1 | 262 | 0 | 0 | 263 | |||||||
Issuance of stock to 401(k) plan | 0 | 6 | 117 | 0 | 0 | 123 | |||||||
Balance at Sep. 30, 2020 | 0 | 17,717 | 172,980 | 230,464 | (1,244) | 419,917 | |||||||
Balance at Dec. 31, 2020 | $ 0 | $ 0 | $ 0 | $ (5,870) | $ 0 | $ (5,870) | 0 | 17,723 | 173,345 | 237,585 | (1,923) | 426,730 | [1] |
Net income | 0 | 0 | 0 | 40,613 | 0 | 40,613 | |||||||
Other comprehensive income | 0 | 0 | 0 | 0 | (730) | (730) | |||||||
Common dividends declared | 0 | 0 | 0 | (13,468) | 0 | (13,468) | |||||||
Equity-based compensation expense | 0 | 42 | 816 | 0 | 0 | 858 | |||||||
Issuance of stock to 401(k) plan | 0 | 13 | 360 | 0 | 0 | 373 | |||||||
Common stock options exercised | 0 | 20 | 268 | 0 | 0 | 288 | |||||||
Repurchase of common shares | 0 | (727) | (20,703) | 0 | 0 | (21,430) | |||||||
Balance at Sep. 30, 2021 | 0 | 17,071 | 154,086 | 258,860 | (2,653) | 427,364 | |||||||
Balance at Jun. 30, 2021 | 0 | 17,335 | 161,853 | 250,911 | (2,565) | 427,534 | |||||||
Net income | 0 | 0 | 0 | 12,608 | 0 | 12,608 | |||||||
Other comprehensive income | 0 | 0 | 0 | 0 | (88) | (88) | |||||||
Common dividends declared | 0 | 0 | 0 | (4,659) | 0 | (4,659) | |||||||
Equity-based compensation expense | 0 | 0 | 37 | 0 | 0 | 37 | |||||||
Issuance of stock to 401(k) plan | 0 | 4 | 116 | 0 | 0 | 120 | |||||||
Common stock options exercised | 0 | 10 | 268 | 0 | 0 | 278 | |||||||
Repurchase of common shares | 0 | (278) | (8,188) | 0 | 0 | (8,466) | |||||||
Balance at Sep. 30, 2021 | $ 0 | $ 17,071 | $ 154,086 | $ 258,860 | $ (2,653) | $ 427,364 | |||||||
[1] | Derived from audited financial statements |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Common dividends declared, per share (in dollars per share) | $ 0.27 | $ 0.25 | $ 0.77 | $ 0.75 |
Issuance of stock to 401(k) plan, shares (in shares) | 3,967 | 6,237 | 13,118 | 18,148 |
Common stock options exercised, shares (in shares) | 9,371 | 19,773 | ||
Repurchase of common shares, shares (in shares) | 277,386 | 726,686 | 734,653 | |
Repurchase of common shares, per share (in dollars per share) | $ 30.52 | $ 29.49 | $ 29.77 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Operating activities | ||
Net income | $ 40,613 | $ 24,376 |
Adjustments to reconcile net income to net cash provided by operating activities | ||
(Recovery of) provision for credit losses | (7,625) | 12,034 |
Depreciation and amortization of premises and equipment | 3,346 | 3,328 |
Amortization of premiums on investments, net | 307 | 1,387 |
Amortization of FDIC indemnification asset, net | 1,226 | 1,352 |
Amortization of intangible assets | 1,082 | 1,086 |
Accretion on acquired loans | (3,599) | (5,221) |
Equity-based compensation expense | 858 | 1,368 |
Issuance of common stock to 401(k) plan | 373 | 411 |
Loss on sale of premises and equipment, net | 518 | 9 |
Loss on sale of other real estate owned | 135 | 299 |
Gain on sale of securities | 0 | (385) |
Increase (decrease) in accrued interest receivable | 906 | (2,474) |
Decrease in other operating activities | (1,547) | (5,542) |
Net cash provided by operating activities | 36,593 | 32,028 |
Investing activities | ||
Proceeds from sale of securities available for sale | 370 | 51,027 |
Proceeds from maturities, prepayments, and calls of securities available for sale | 20,813 | 29,614 |
Payments to acquire securities available for sale | (16,578) | (2,553) |
Proceeds from repayment (origination) of loans, net | 41,185 | (78,663) |
Proceeds from (purchase of) FHLB stock, net | 1,012 | (12) |
Payments to the FDIC | 0 | (67) |
Proceeds from sale of premises and equipment | 2,578 | 1,435 |
Payments to acquire premises and equipment | (2,454) | (2,474) |
Proceeds from sale of other real estate owned | 1,796 | 1,997 |
Net cash provided by investing activities | 48,722 | 304 |
Financing activities | ||
Increase in noninterest-bearing deposits, net | 47,352 | 122,409 |
Increase in interest-bearing deposits, net | 80,247 | 39,918 |
Proceeds from (repayments) of securities sold under agreements to repurchase, net | 142 | (645) |
Repayments of FHLB and other borrowings, net | 0 | (40) |
Proceeds from stock options exercised | 288 | 0 |
Payments for repurchase of common stock | (21,430) | (21,872) |
Payments of common dividends | (13,468) | (13,447) |
Net cash provided by (used in) financing activities | 93,131 | 126,323 |
Net increase in cash and cash equivalents | 178,446 | 158,655 |
Cash and cash equivalents at beginning of period | 456,561 | 217,009 |
Cash and cash equivalents at end of period | 635,007 | 375,664 |
Supplemental disclosure -- cash flow information | ||
Cash paid for interest | 2,508 | 4,334 |
Cash paid for income taxes | 11,989 | 5,607 |
Supplemental transactions -- noncash items | ||
Transfer of loans to other real estate owned | 1,147 | 695 |
Loans originated to finance other real estate owned | 59 | 265 |
(Increase) decrease in accumulated other comprehensive loss | $ (730) | $ 262 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | Note 1. Basis of Presentation General First Community Bankshares, Inc. (the “Company”), a financial holding company, was founded in 1989 2018. October 2, 2018. 1874. Principles of Consolidation The Company’s accounting and reporting policies conform with U.S. generally accepted accounting principles (“GAAP”) and prevailing practices in the banking industry. The consolidated financial statements include all accounts of the Company and its wholly owned subsidiaries and eliminate all intercompany balances and transactions. The Company operates in one not may These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10 December 31, 2020 2020 10 April 2, 2021. December 31, 2020 Reclassifications Certain amounts reported in prior years have been reclassified to conform to the current year’s presentation. These reclassifications had no Use of Estimates Preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that require the most subjective or complex judgments relate to fair value measurements, investment securities, the allowance for loan losses, goodwill and other intangible assets, and income taxes. A discussion of the Company’s application of critical accounting estimates is included in “Critical Accounting Estimates” in Item 2 Significant Accounting Policies The Company’s significant accounting policies are included in Note 1, 8 2020 10 Allowance for Credit Losses ( ACL ) On January 1, 2021, 2016 13, 326 January 1, 2021. not ACL – Investment Securities The Company no 2016 13, 326 third The Company excludes the accrued interest receivable from the amortized cost basis in measuring expected credit losses on the investment securities. Nor does the Company record an allowance for credit losses on accrued interest receivable. As of September 30, 2021 The Company’s estimate of expected credit losses includes a measure of the expected risk of credit loss even if that risk is remote. The Company does not not zero third zero one not zero ACL – Loans The ACL is an estimate of losses that will result from the inability of borrowers to make required loan payments. The Company established the incremental increase in the ACL at the adoption through retained earnings and subsequent adjustments will be made through a provision for credit losses charged to earnings. Loans charged off are recorded against the ACL and subsequent recoveries increase the ACL when they are recognized. A systematic methodology is used to determine ACL for loans held for investment and certain off-balance sheet credit exposures. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio. The Company’s estimate of its ACL involves a high degree of judgement and reflects management’s best estimate within the range of expected credit losses. The Company recognizes in net income the amount needed to adjust the ACL for management’s current estimate of expected credit losses. The Company’s ACL is calculated using collectively evaluated and individually evaluated loans. The Company collectively evaluates loans that share similar risk characteristics. In general, loans are segmented by loan purpose. The Company collectively evaluates loans within the following consumer and commercial segments: Loans secured by 1 4 For collectively evaluated loans, the Company uses a combination of discounted cash flow and remaining life to estimate expected credit losses. In addition to its own loss experience, management also includes peer bank historical loss experience in its assessment of expected credit losses to determine the ACL. The Company utilized call report data to measure its and its peer s' one Management considers forward-looking information in estimated expected credit losses. The Company subscribes to a third one eight may Included in its systematic methodology to determine its ACL for loans held for investment and certain off-balance sheet credit exposures, Management considers the need to qualitatively adjust expected credit losses for information not 1 2 3 4 5 6 7 8 9 When a loan no not Management measures expected credit losses over the contractual term of the loans. When determining the contractual term, the Company considers expected prepayments but is precluded from considering expected extensions, renewals, or modifications, unless the Company reasonably expects it will execute a TDR with a borrower. In the event of a reasonably-expected TDR, the Company factors the reasonably-expected TDR into the current expected credit losses estimate. The effects of a TDR are recorded when an individual asset is specifically identified as a reasonably-expected TDR. For consumer loans, the point at which a TDR is reasonably expected is when the Company approves the borrower’s application for a modification (i.e. the borrower qualifies for the TDR) or when the Credit Administration department approves loan concessions on substandard loans. For commercial loans, the point at which a TDR is reasonably expected is when the Company approves the loan for modification or when the Credit Administration department approves loan concessions on substandard loans. The Company uses a discounted cash flow methodology to calculate the effect of the concession provided to the borrower in TDR within the ACL. Purchased credit-deteriorated, otherwise referred to herein as PCD, assets are defined as acquired individual financial assets (or acquired groups of financial assets with similar risk characteristics) that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination, as determined by the Company’s assessment. The Company records acquired PCD loans by adding the expected credit losses (i.e. allowance for credit losses) to the purchase price of the financial assets rather than recording through the provision for credit losses in the income statement. The expected credit loss, as of the acquisition date, of a PCD loan is added to the allowance for credit losses. The non-credit discount or premium is the difference between the fair value and the amortized cost basis as of the acquisition date. Subsequent to the acquisition date, the change in the ACL on PCD loans is recognized through the provision for credit losses. The non-credit discount or premium is accreted or amortized, respectively, into interest income over the remaining life of the PCD loan on a level-yield basis. In accordance with the transition requirements within the standard, the Company’s acquired purchased credit impaired loans were treated as PCD loans. The Company follows its nonaccrual policy by reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. Therefore, Management excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on the portfolio and does not September 30, 2021 The Company has a variety of assets that have a component that qualifies as an off-balance sheet exposure. These primarily include undrawn portions of revolving lines of credit and standby letters of credit. The expected losses associated with these exposures within the unfunded portion of the loans will be recorded as a liability on the balance sheet with an offsetting income statement expense. Management has determined that a majority of the Company’s off-balance-sheet credit exposures are not September 30, 2021 Risks and Uncertainties COVID- 19 During 2020 2021, 19” 19 2020 2021, Significant progress has been made to combat the outbreak of COVID- 19; September 30, 2021, not 19, Lending operations and accommodations to borrowers The general economic slowdown caused by COVID- 19 In addition to the general impact of COVID- 19, may two five 1%, September 30, 2021 loans with original principal balances totaling $92.58 million through both the first second first second September 30, 2021 $56.74 million or 93.03%, of the Company's first September 30, 2021 28.22%, or $8.91 million of the second To date, the Company has identified no no 19. no It is impossible to predict the full extent to which COVID- 19 19, Recent Accounting Standards Standards Adopted in 2021 In June 2016, 2016 13, 326 January 1, 2021. January 1, 2021. not 326. not 2016 13 January 1, 2021 As Reported Pre- Impact of Under ASU 2016-13 ASU 2016-13 ASU 2016-13 Adoption Adoption Assets: Non-covered loans held for investment Allowance for credit losses on debt securities Investment securities - available for sale $ 83,358 $ 83,358 $ - A Loans Non-acquired loans and acquired performing loans 2,146,972 2,146,972 - Acquired purchased deteriorated loans 45,535 39,660 5,875 B Allowance for credit losses on loans (39,289 ) (26,182 ) (13,107 ) C Deferred tax asset 19,306 17,493 1,813 D Accrued interest receivable - loans 9,109 9,052 57 B Liabilities Allowance for credit losses on off-balance sheet credit exposures 575 66 509 E Equity: Retained earnings 231,714 237,585 (5,871 ) F A. Per our analysis no B. Accrued interest receivable from acquired credit impaired loans of $57 thousand was reclassed to other assets and was offset by the reclass of the grossed up credit discount on acquired credit impaired loans of $57 thousand that was moved to the ACL for the purchased credit deteriorated loans. C. Calculated adjustment to the ACL related to the adoption of ASU 2016 13. D. Effect of deferred tax assets related to the adjustment to the ACL form the adoption of ASU 2016 13 E. Adjustment to the reserve for unfunded commitments related to the adoption of ASU 2016 13. F. Net adjustment to retained earnings related to the adoption of ASU 2016 13. In December 2019, 2019 12, 740 January 1, 2021, not The Company does not |
Note 2 - Debt Securities
Note 2 - Debt Securities | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 2 . Debt Securities There was no allowance for credit losses for investments as of September 30, 2021 not September 30, 2021 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 491 $ - $ (3 ) $ 488 Municipal securities 31,866 240 - 32,106 Corporate notes 4,883 - (3 ) 4,880 Mortgage-backed Agency securities 39,808 743 (585 ) 39,966 Total $ 77,048 $ 983 $ (591 ) $ 77,440 December 31, 2020 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 555 $ — $ (4 ) $ 551 Municipal securities 43,950 509 — 44,459 Mortgage-backed Agency securities 37,453 992 (97 ) 38,348 Total $ 81,958 $ 1,501 $ (101 ) $ 83,358 The following table presents the amortized cost and aggregate fair value of available-for-sale debt securities by contractual maturity, as of the date indicated. Actual maturities could differ from contractual maturities because issuers may September 30, 2021 Amortized (Amounts in thousands) Cost Fair Value Available-for-sale debt securities Due within one year $ 5,618 $ 5,617 Due after one year but within five years 20,293 20,416 Due after five years but within ten years 11,329 11,441 37,240 37,474 Mortgage-backed Agency securities 39,808 39,966 Total debt securities available for sale $ 77,048 $ 77,440 The following tables present the fair values and unrealized losses for available-for-sale debt securities in a continuous unrealized loss position for less than 12 12 September 30, 2021 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Amounts in thousands) U.S. Agency securities $ - $ - $ 480 $ (3 ) $ 480 $ (3 ) Corporate notes 4,880 (3 ) - - 4,880 (3 ) Mortgage-backed Agency securities 16,792 (493 ) 2,017 (92 ) 18,809 (585 ) Total $ 21,672 $ (496 ) $ 2,497 $ (95 ) $ 24,169 $ (591 ) December 31, 2020 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Amounts in thousands) U.S. Agency securities $ — $ — $ 544 $ (4 ) $ 544 $ (4 ) Municipal securities — — — — — — Mortgage-backed Agency securities 11,018 (97 ) — — 11,018 (97 ) Total $ 11,018 $ (97 ) $ 544 $ (4 ) $ 11,562 $ (101 ) There were 15 individual debt securities in an unrealized loss position as of September 30, 2021 December 31, 2020 Management evaluates securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Credit losses are calculated individually, rather than collectively, using a discounted cash flow method, whereby Management compares the present value of expected cash flows with the amortized cost basis of the security. The credit loss component would be recognized through the provision for credit losses and the creation of an allowance for credit losses. Consideration is given to ( 1 2 3 4 not 5 6 7 third 8 one not zero September 30, 2021 not not not not 1 Management continues to monitor all of our securities with a high degree of scrutiny. There can be no not may The following table presents gross realized gains and losses from the sale of available-for-sale debt securities for the periods indicated: Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 (Amounts in thousands) Gross realized gains $ - $ - $ - $ 419 Gross realized losses - - - (34 ) Net Gain (Loss) on sale of securities $ - $ - $ - $ 385 The carrying amount of securities pledged for various purposes totaled $23.80 million as of September 30, 2021 December 31, 2020 |
Note 3 - Loans
Note 3 - Loans | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 3 . Loans The Company groups loans held for investment into three September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 14, In accordance with the adoption of ASU 2016 13, September 30, 2021 $5.40 The comparative periods in the table below reflect the loan portfolio prior to the adoption of ASU 2016 13. Included in total loans December 31, 2020, 80%. 2020. September 28, 2021 September 30, 2021 December 31, 2020 (Amounts in thousands) Amount Percent Amount Percent Loans held for investment Commercial loans Construction, development, and other land $ 56,466 2.62 % $ 44,674 2.04 % Commercial and industrial 133,923 6.22 % 173,024 7.91 % Multi-family residential 100,444 4.67 % 115,161 5.27 % Single family non-owner occupied 196,946 9.15 % 187,783 8.59 % Non-farm, non-residential 711,861 33.08 % 734,793 33.60 % Agricultural 9,784 0.45 % 9,749 0.45 % Farmland 17,614 0.82 % 19,761 0.90 % Total commercial loans 1,227,038 57.01 % 1,284,945 58.76 % Consumer real estate loans Home equity lines 83,079 3.86 % 96,526 4.41 % Single family owner occupied 684,930 31.83 % 661,054 30.24 % Owner occupied construction 25,551 1.19 % 17,720 0.81 % Total consumer real estate loans 793,560 36.88 % 775,300 35.46 % Consumer and other loans Consumer loans 126,578 5.88 % 120,373 5.50 % Other 4,927 0.23 % 6,014 0.28 % Total consumer and other loans 131,505 6.11 % 126,387 5.78 % Total loans held for investment, net of unearned income $ 2,152,103 100.00 % $ 2,186,632 100.00 % The Company began participating as a Small Business Administration Paycheck Protection Program lender during the second 2020. September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 third 2021 of $708 th nine 2021, 2020 third nine Prior to the adoption of ASU 2016 13, January 1, 2020, December 31, 2019. The following table presents the recorded investment and contractual unpaid principal balance of PCI loans, by acquisition, as of the dates indicated: December 31, 2020 Recorded Unpaid Principal (Amounts in thousands) Investment Balance PCI Loans, by acquisition Peoples $ - $ - Waccamaw - - Highlands 39,662 47,514 Other acquired - - Total PCI Loans $ 39,662 $ 47,514 The following table presents the changes in the accretable yield on PCI loans, by acquisition, during the periods indicated: Peoples Waccamaw Highlands Total (Amounts in thousands) Balance January 1, 2020 $ 1,890 $ 12,574 $ 8,152 $ 22,616 Accretion - - (1,952 ) (1,952 ) Reclassifications (to) from nonaccretable difference (1) - - - - Other changes, net (1,890 ) (12,574 ) - (14,464 ) Balance September 30, 2020 $ - $ - $ 6,200 $ 6,200 ( 1 |
Note 4 - Credit Quality
Note 4 - Credit Quality | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | Note 4 . Credit Quality The Company uses a risk grading matrix to assign a risk grade to each loan in its portfolio. Loan risk ratings may ● Pass -- This grade is assigned to loans with acceptable credit quality and risk. The Company further segments this grade based on borrower characteristics that include capital strength, earnings stability, liquidity, leverage, and industry conditions. ● Special Mention -- This grade is assigned to loans that require an above average degree of supervision and attention. These loans have the characteristics of an asset with acceptable credit quality and risk; however, adverse economic or financial conditions exist that create potential weaknesses deserving of management’s close attention. If potential weaknesses are not may ● Substandard -- This grade is assigned to loans that have well defined weaknesses that may ● Doubtful -- This grade is assigned to loans that have the weaknesses inherent in substandard loans; however, the weaknesses are so severe that collection or liquidation in full is unlikely based on current facts, conditions, and values. Due to certain specific pending factors, the amount of loss cannot yet be determined. ● Loss -- This grade is assigned to loans that will be charged off or charged down when payments, including the timing and value of payments, are uncertain. This risk grade does not no not may The following table presents the recorded investment of the loan portfolio, by loan class and credit quality, as of the dates indicated. Included in total loans December 31, 2020, 80%. 2020. September 30, 2021 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 54,228 $ 1,151 $ 1,087 $ - $ - $ 56,466 Commercial and industrial 127,972 1,270 4,681 - - 133,923 Multi-family residential 92,782 6,115 1,547 - - 100,444 Single family non-owner occupied 182,006 4,931 9,999 10 - 196,946 Non-farm, non-residential 653,550 39,020 19,291 - - 711,861 Agricultural 9,006 149 629 - - 9,784 Farmland 13,032 1,069 3,513 - - 17,614 Consumer real estate loans Home equity lines 78,975 1,049 3,055 - - 83,079 Single family owner occupied 650,705 2,535 31,690 - - 684,930 Owner occupied construction 25,268 - 283 - - 25,551 Consumer and other loans Consumer loans 124,805 17 1,756 - - 126,578 Other 4,927 - - - - 4,927 Total loans $ 2,017,256 $ 57,306 $ 77,531 $ 10 $ - $ 2,152,103 December 31, 2020 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 36,934 $ 4,975 $ 2,765 $ - $ - $ 44,674 Commercial and industrial 160,625 7,065 5,519 - - 173,209 Multi-family residential 103,291 8,586 3,284 - - 115,161 Single family non-owner occupied 165,146 9,602 12,838 12 - 187,598 Non-farm, non-residential 568,438 125,907 40,448 - - 734,793 Agricultural 7,724 1,686 339 - - 9,749 Farmland 13,527 2,597 3,637 - - 19,761 Consumer real estate loans - Home equity lines 91,712 1,488 3,326 - - 96,526 Single family owner occupied 623,860 3,859 33,335 - - 661,054 Owner occupied construction 17,232 201 287 - - 17,720 Consumer and other loans - Consumer loans 118,134 28 2,211 - - 120,373 Other 6,014 - - - - 6,014 Total loans $ 1,912,637 $ 165,994 $ 107,989 $ 12 $ - $ 2,186,632 The following tables present the amortized cost basis of the loan portfolio, by year of origination, loan class, and credit quality, as of the date indicated. (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at September 30, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Construction, development and other land Pass $ 28,542 $ 9,501 $ 3,687 $ 3,908 $ 1,564 $ 6,672 $ 354 $ 54,228 Special Mention - 245 - 136 684 50 36 1,151 Substandard - - 129 11 281 666 - 1,087 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 28,542 $ 9,746 $ 3,816 $ 4,055 $ 2,529 $ 7,388 $ 390 $ 56,466 Commercial and industrial Pass $ 23,780 $ 21,186 $ 15,178 $ 15,115 $ 5,599 $ 3,641 $ 16,543 $ 101,042 Special Mention 32 165 653 209 86 30 95 1,270 Substandard 187 196 833 390 1,242 1,316 517 4,681 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial and industrial $ 23,999 $ 21,547 $ 16,664 $ 15,714 $ 6,927 $ 4,987 $ 17,155 $ 106,993 Paycheck Protection Loans Pass $ 22,680 $ 4,250 $ - $ - $ - $ - $ - $ 26,930 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Loss - - - - - - - - Total Paycheck Protection Loans $ 22,680 $ 4,250 $ - $ - $ - $ - $ - $ 26,930 Multi-family residential Pass $ 8,908 $ 25,468 $ 4,774 $ 1,960 $ 4,972 $ 45,766 $ 934 $ 92,782 Special Mention 5 - - - 2,663 3,447 - 6,115 Substandard - - - - 680 867 - 1,547 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 8,913 $ 25,468 $ 4,774 $ 1,960 $ 8,315 $ 50,080 $ 934 $ 100,444 Non-farm, non-residential Pass $ 102,761 $ 149,981 $ 64,144 $ 62,563 $ 56,696 $ 203,387 $ 14,018 $ 653,550 Special Mention 386 3,351 852 2,778 9,276 22,227 150 39,020 Substandard 1,115 689 2,989 2,856 4,804 6,611 227 19,291 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 104,262 $ 154,021 $ 67,985 $ 68,197 $ 70,776 $ 232,225 $ 14,395 $ 711,861 Agricultural Pass $ 4,326 $ 1,825 $ 1,152 $ 612 $ 379 $ 278 $ 434 $ 9,006 Special Mention 44 29 26 8 32 10 - 149 Substandard 43 11 373 47 22 133 - 629 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 4,413 $ 1,865 $ 1,551 $ 667 $ 433 $ 421 $ 434 $ 9,784 Farmland Pass $ 632 $ 1,073 $ 86 $ 1,158 $ 508 $ 8,041 $ 1,534 $ 13,032 Special Mention 20 - - 262 409 378 - 1,069 Substandard - 10 970 155 265 2,113 - 3,513 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 652 $ 1,083 $ 1,056 $ 1,575 $ 1,182 $ 10,532 $ 1,534 $ 17,614 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at September 30, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Home equity lines Pass $ 199 $ 1 $ - $ 26 $ - $ 5,259 $ 73,490 $ 78,975 Special Mention - - - 124 - 100 825 1,049 Substandard - - 26 136 108 1,334 1,451 3,055 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 199 $ 1 $ 26 $ 286 $ 108 $ 6,693 $ 75,766 $ 83,079 Single family Mortgage Pass $ 184,220 $ 228,685 $ 66,797 $ 48,592 $ 43,567 $ 259,661 $ 1,189 $ 832,711 Special Mention 395 523 956 372 1,058 4,162 - 7,466 Substandard 1,461 632 1,586 2,472 2,396 33,142 - 41,689 Doubtful - - - - - 10 - 10 Loss - - - - - - - - Total single family owner and non-owner occupied $ 186,076 $ 229,840 $ 69,339 $ 51,436 $ 47,021 $ 296,975 $ 1,189 $ 881,876 Owner occupied construction Pass $ 6,327 $ 12,978 $ 2,350 $ 1,448 $ 316 $ 1,849 $ - $ 25,268 Special Mention - - - - - - - - Substandard - - - - - 283 - 283 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 6,327 $ 12,978 $ 2,350 $ 1,448 $ 316 $ 2,132 $ - $ 25,551 Consumer loans Pass $ 53,230 $ 36,762 $ 20,291 $ 5,842 $ 2,273 $ 9,108 $ 2,226 $ 129,732 Special Mention - - 16 - - - 1 17 Substandard 99 409 866 77 83 144 78 1,756 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 53,329 $ 37,171 $ 21,173 $ 5,919 $ 2,356 $ 9,252 $ 2,305 $ 131,505 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at September 30, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Total Loans Pass $ 435,605 $ 491,710 $ 178,459 $ 141,224 $ 115,874 $ 543,662 $ 110,722 $ 2,017,256 Special Mention 882 4,313 2,503 3,889 14,208 30,404 1,107 57,306 Substandard 2,905 1,947 7,772 6,144 9,881 46,609 2,273 77,531 Doubtful - - - - - 10 - 10 Loss - - - - - - - - Total loans $ 439,392 $ 497,970 $ 188,734 $ 151,257 $ 139,963 $ 620,685 $ 114,102 $ 2,152,103 Prior to the adoption of ASU 2016 13, not not The following table presents the recorded investment, unpaid principal balance, and related allowance for loan losses for impaired loans, excluding PCI loans, as of the date indicated prior to the adoption of ASU 2016 13: December 31, 2020 Unpaid Recorded Principal Related (Amounts in thousands) Investment Balance Allowance Impaired loans with no related allowance Commercial loans Construction, development, and other land $ 616 $ 891 $ - Commercial and industrial 2,341 2,392 - Multi-family residential 946 1,593 - Single family non-owner occupied 4,816 5,785 - Non-farm, non-residential 8,238 9,467 - Agricultural 218 226 - Farmland 1,228 1,311 - Consumer real estate loans Home equity lines 1,604 1,772 - Single family owner occupied 16,778 19,361 - Owner occupied construction 216 216 - Consumer and other loans Consumer loans 818 833 - Total impaired loans with no allowance 37,819 43,847 - Impaired loans with a related allowance Commercial loans Commercial and industrial - - - Multi-family residential - - - Single family non-owner occupied - - - Non-farm, non-residential 1,068 1,121 319 Farmland - - - Consumer real estate loans Home equity lines - - - Single family owner occupied 338 338 108 Consumer and other loans Consumer loans - - - Total impaired loans with an allowance 1,406 1,459 427 Total impaired loans(1) $ 39,225 $ 45,306 $ 427 ( 1 Total recorded investment of impaired loans include loans totaling $31.18 million as of December 31, 2020 not Prior to the adoption of ASU 2016 13, Three Months Ended September 30, Nine Months Ended September 30, 2020 2020 Average Average Interest Income Recorded Interest Income Recorded (Amounts in thousands) Recognized Investment Recognized Investment Impaired loans with no related allowance: Commercial loans Construction, development, and other land $ 6 $ 882 $ 21 $ 1,021 Commercial and industrial 46 3,315 135 2,845 Multi-family residential 9 967 38 685 Single family non-owner occupied 54 5,090 126 4,798 Non-farm, non-residential 79 7,786 206 7,115 Agricultural 4 272 7 247 Farmland 12 1,526 48 1,640 Consumer real estate loans Home equity lines 13 1,588 29 1,569 Single family owner occupied 120 16,328 410 17,044 Owner occupied construction 2 542 12 470 Consumer and other loans Consumer loans 8 420 19 445 Total impaired loans with no related allowance 353 38,716 1,051 37,879 Impaired loans with a related allowance: Commercial loans Construction, development, and other land - - - - Commercial and industrial - - - - Multi-family residential - 944 - 943 Single family non-owner occupied - - - - Non-farm, non-residential 8 1,789 22 1,670 Farmland - - - - Consumer real estate loans Home equity lines - - - - Single family owner occupied 3 1,423 27 1,480 Owner occupied construction - - - - Total impaired loans with a related allowance 11 4,156 49 4,093 Total impaired loans $ 364 $ 42,872 $ 1,100 $ 41,972 The Company generally places a loan on nonaccrual status when it is 90 September 30, 2021 (Amounts in thousands) No Allowance With an Allowance Total Commercial loans Construction, development, and other land $ 385 $ - $ 385 Commercial and industrial 1,933 - 1,933 Multi-family residential 251 - 251 Single family non-owner occupied 2,759 - 2,759 Non-farm, non-residential 3,127 2,599 5,726 Agricultural 221 - 221 Farmland 222 - 222 Consumer real estate loans - Home equity lines 702 - 702 Single family owner occupied 9,086 - 9,086 Owner occupied construction - - - Consumer and other loans - Consumer loans 782 - 782 Total nonaccrual loans $ 19,468 $ 2,599 $ 22,067 During the three 2021, nine 2021 The following table presents nonaccrual loans prior to the adoption of ASU 2016 13. not December 31, 2020 (Amounts in thousands) December 31, 2020 Commercial loans Construction, development, and other land $ 244 Commercial and industrial 895 Multi-family residential 946 Single family non-owner occupied 2,990 Non-farm, non-residential 6,343 Agricultural 217 Farmland 489 Consumer real estate loans Home equity lines 1,122 Single family owner occupied 7,976 Owner occupied construction - Consumer and other loans Consumer loans 781 Total nonaccrual loans $ 22,003 The following table presents the aging of past due loans, by loan class, as of the date indicated. Nonaccrual loans 30 September 30, 2021 Amortized Cost of 30 - 59 Days 60 - 89 Days 90+ Days Total Current Total > 90 Days Accruing (Amounts in thousands) Past Due Past Due Past Due Past Due Loans Loans No Allowance Commercial loans Construction, development, and other land $ 80 $ 9 $ 381 $ 470 $ 55,996 $ 56,466 $ - Commercial and industrial 534 197 1,309 2,040 131,883 133,923 - Multi-family residential - 98 35 133 100,311 100,444 - Single family non-owner occupied 454 354 1,234 2,042 194,904 196,946 - Non-farm, non-residential 1,199 1,577 2,430 5,206 706,655 711,861 - Agricultural 31 19 181 231 9,553 9,784 - Farmland - 7 222 229 17,385 17,614 - Consumer real estate loans Home equity lines 555 87 452 1,094 81,985 83,079 - Single family owner occupied 4,137 1,584 3,694 9,415 675,515 684,930 - Owner occupied construction - - - - 25,551 25,551 - Consumer and other loans Consumer loans 2,753 761 363 3,877 122,701 126,578 5 Other - - - - 4,927 4,927 - Total loans $ 9,743 $ 4,693 $ 10,301 $ 24,737 $ 2,127,366 $ 2,152,103 $ 5 The following table presents the aging of past due loans, by loan class, as of the date indicated prior to the adoption of ASU 2016 13. 30 not 90 December 31, 2020 December 31, 2020 30 - 59 Days 60 - 89 Days 90+ Days Total Current Total (Amounts in thousands) Past Due Past Due Past Due Past Due Loans Loans Commercial loans Construction, development, and other land $ 1,039 $ - $ 235 $ 1,274 $ 43,400 $ 44,674 Commercial and industrial 669 230 700 1,599 171,425 173,024 Multi-family residential 103 - 946 1,049 114,112 115,161 Single family non-owner occupied 925 488 2,144 3,557 184,226 187,783 Non-farm, non-residential 601 296 3,368 4,265 730,528 734,793 Agricultural 70 189 88 347 9,402 9,749 Farmland 43 - 457 500 19,261 19,761 Consumer real estate loans Home equity lines 649 380 425 1,454 95,072 96,526 Single family owner occupied 5,317 2,265 3,891 11,473 649,581 661,054 Owner occupied construction 82 - - 82 17,638 17,720 Consumer and other loans Consumer loans 2,637 746 651 4,034 116,339 120,373 Other - - - - 6,014 6,014 Total loans $ 12,135 $ 4,594 $ 12,905 $ 29,634 $ 2,156,998 $ 2,186,632 ASC 326 may September 30, 2021 (Amounts in thousands) Balance Collateral Coverage % Commercial Real Estate Hotel $ - $ - - Office - - - Other 2,769 2,769 100.00 % Retail - - - Multi-Family Industrial - - - Office - - - Other - - - Commercial and industrial Industrial - - - Other - - - Home equity loans 40 40 100.00 % Consumer owner occupied 183 183 100.00 % Consumer - - - Total collateral dependent loans $ 2,992 $ 2,992 100.00 % The Company may six The CARES Act included a provision allowing banks to not 19 March 1, 2020, December 31, 2021, 60 19 not 30 December 31, 2019. From March, 2020, September 30, 2021 19 not 19 not September 30, 2021 19 The following table presents loans modified as TDRs, by loan class and accrual status, as of the dates indicated: September 30, 2021 December 31, 2020 (Amounts in thousands) Nonaccrual(1) Accruing Total Nonaccrual(1) Accruing Total Commercial loans Construction, development, and other land $ - $ 213 $ 213 $ - $ - $ - Commercial and industrial 405 495 900 - 1,326 1,326 Single family non-owner occupied 871 356 1,227 1,585 1,265 2,850 Non-farm, non-residential 1,369 2,049 3,418 - 2,407 2,407 Consumer real estate loans Home equity lines - 69 69 - 77 77 Single family owner occupied 959 4,975 5,934 229 4,927 5,156 Owner occupied construction - - - - 216 216 Consumer and other loans Consumer loans - 28 28 - 30 30 Total TDRs $ 3,604 $ 8,185 $ 11,789 $ 1,814 $ 10,248 $ 12,062 Allowance for credit losses related to TDRs $ 154 $ - ( 1 Nonaccrual TDRs are included in total nonaccrual loans disclosed in the nonaccrual table above. The following table presents interest income recognized on TDRs for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (Amounts in thousands) Interest income recognized $ 92 $ 122 $ 290 $ 372 The following tables present loans modified as TDRs, by type of concession made and loan class, that were restructured during the periods indicated: Three Months Ended September 30, 2021 2020 Post-modification Post-modification Total Pre-modification Recorded Total Pre-modification Recorded (Amounts in thousands) Contracts Recorded Investment Investment(1) Contracts Recorded Investment Investment(1) Below market interest rate and extended payment term Single family non-owner occupied - - - - - - Single family owner occupied 2 302 283 - - - Total below market interest rate and extended payment term 2 302 283 - - - Payment deferral Construction, development, and other land - - - - - - Commercial and industrial - - - - - - Single family non-owner occupied - - - - - - Non-farm, non-residential - - - - - - Single family owner occupied - - - - - - Total principal deferral - - - - - - Total 2 $ 302 $ 283 - $ - $ - ( 1 Represents the loan balance immediately following modification Nine Months Ended September 30, 2021 2020 Post-modification Post-modification Total Pre-modification Recorded Total Pre-modification Recorded (Amounts in thousands) Contracts Recorded Investment Investment(1) Contracts Recorded Investment Investment(1) Below market interest rate Single family non-owner occupied - - - 1 $ 50 $ 50 Total below market interest rate - - - 1 50 50 Below market interest rate and extended payment term Single family non-owner occupied - - - - - - Single family owner occupied 2 302 283 - - - Total below market interest rate and extended payment term 2 302 283 - - - Payment deferral Construction, development, and other land - - - 1 63 63 Commercial and industrial - - - 3 1,708 1,708 Single family non-owner occupied - - - 1 529 529 Non-farm, non-residential 1 1,390 1,368 3 2,115 2,115 Single family owner occupied - - - 3 742 726 Home equity lines - - - - - - Total principal deferral 1 1,390 1,368 11 5,157 5,141 Total 3 $ 1,692 $ 1,651 12 $ 5,207 $ 5,191 ( 1 Represents the loan balance immediately following modification There was one 12 September 30, 2021 one September 30, 2020 The following table provides information about other real estate owned (“OREO”), which consists of properties acquired through foreclosure, as of the dates indicated: September 30, 2021 December 31, 2020 (Amounts in thousands) OREO $ 1,240 $ 2,083 OREO secured by residential real estate $ 540 $ 769 Residential real estate loans in the foreclosure process (1) $ 3,114 $ 4,141 ( 1 The recorded investment in consumer mortgage loans collateralized by residential real estate that are in the process of foreclosure according to local requirements of the applicable jurisdiction |
Note 5 - Allowance for Credit L
Note 5 - Allowance for Credit Losses | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Allowance for Credit Losses [Text Block] | Note 5 . Allowance for Credit Losses The following tables present the changes in the allowance for credit losses, by loan segment, during the periods indicated. Three Months Ended September 30, 2021 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 17,704 $ 11,055 $ 3,098 $ 31,857 Provision for (recovery of) loan losses charged to operations (1,504 ) (317 ) 427 (1,394 ) Charge-offs (407 ) (195 ) (653 ) (1,255 ) Recoveries 285 179 205 669 Net charge-offs (122 ) (16 ) (448 ) (586 ) Ending balance $ 16,078 $ 10,722 $ 3,077 $ 29,877 Three Months Ended September 30, 2020 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 13,909 $ 7,294 $ 2,555 $ 23,758 Provision for loan losses charged to operations 1,972 1,975 756 4,703 Charge-offs (501 ) (188 ) (874 ) (1,563 ) Recoveries 169 38 172 379 Net charge-offs (332 ) (150 ) (702 ) (1,184 ) Ending balance $ 15,549 $ 9,119 $ 2,609 $ 27,277 Nine Months Ended September 30, 2021 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 14,661 $ 8,951 $ 2,570 $ 26,182 Cumulative effect of adoption of ASU 2016-13 8,360 4,145 602 13,107 Provision for (recovery of) loan losses charged to operations (6,286 ) (2,845 ) 1,506 (7,625 ) Charge-offs (2,366 ) (253 ) (2,268 ) (4,887 ) Recoveries 1,709 724 667 3,100 Net charge-offs (657 ) 471 (1,601 ) (1,787 ) Ending balance $ 16,078 $ 10,722 $ 3,077 $ 29,877 Nine Months Ended September 30, 2020 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 10,235 $ 6,325 $ 1,865 $ 18,425 Provision for loan losses charged to operations 6,577 2,899 2,558 12,034 Charge-offs (1,647 ) (430 ) (2,352 ) (4,429 ) Recoveries 384 325 538 1,247 Net (charge-offs) recoveries (1,263 ) (105 ) (1,814 ) (3,182 ) Ending balance $ 15,549 $ 9,119 $ 2,609 $ 27,277 The following table presents the allowance for loan losses and recorded investment in loans evaluated for impairment, excluding PCI loans, by loan class, as of the date indicated prior to the adoption of ASU 2016 13: December 31, 2020 Loans Individually Allowance for Loans Loans Collectively Allowance for Loans Evaluated for Individually Evaluated for Collectively (Amounts in thousands) Impairment Evaluated Impairment Evaluated Commercial loans Construction, development, and other land $ - $ - $ 43,716 $ 528 Commercial and industrial 724 - 171,486 1,024 Multi-family residential 695 - 112,852 1,417 Single family non-owner occupied 1,041 - 183,283 1,861 Non-farm, non-residential 3,916 319 714,160 9,097 Agricultural - - 9,728 218 Farmland - - 17,540 196 Total commercial loans 6,376 319 1,252,765 14,341 Consumer real estate loans Home equity lines - - 95,765 799 Single family owner occupied 1,673 108 647,040 7,849 Owner occupied construction - - 17,567 195 Total consumer real estate loans 1,673 108 760,372 8,843 Consumer and other loans Consumer loans - - 119,770 2,570 Other - - 6,014 - Total consumer and other loans - - 125,784 2,570 Total loans, excluding PCI loans $ 8,049 $ 427 $ 2,138,921 $ 25,754 The following table presents the recorded investment in PCI loans and the allowance for loan losses on PCI loans, by loan pool, as of the date indicated prior to the adoption of ASU 2016 13: December 31, 2020 Allowance for Loan Recorded Pools With (Amounts in thousands) Investment Impairment Commercial loans Highlands: Construction & land development $ 958 $ - Farmland and other agricultural 2,242 - Multifamily 1,614 - Commercial real estate 20,176 - Commercial and industrial 814 - Total commercial loans 25,804 - Consumer real estate loans Highlands: 1-4 family, junior and HELOCS 761 - 1-4 family, senior-consumer 12,494 - Consumer 603 - Total consumer real estate loans 13,858 - Total PCI loans $ 39,662 $ - |
Note 6 - Deposits
Note 6 - Deposits | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 6 . Deposits The following table presents the components of deposits as of the dates indicated: September 30, 2021 December 31, 2020 (Amounts in thousands) Noninterest-bearing demand deposits $ 820,147 $ 772,795 Interest-bearing deposits: Interest-bearing demand deposits 650,610 598,148 Money market accounts 285,866 258,864 Savings deposits 545,634 495,821 Certificates of deposit 251,191 293,848 Individual retirement accounts 120,398 126,771 Total interest-bearing deposits 1,853,699 1,773,452 Total deposits $ 2,673,846 $ 2,546,247 |
Note 7 - Leases
Note 7 - Leases | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | Note 7 . Leases Operating leases are recorded as a right of use (“ROU”) asset and operating lease liability. The ROU asset is recorded in other assets, while the lease liability is recorded in other liabilities on the condensed balance sheet beginning January 1, 2019, 2016 02, 2016 02. The Company’s current operating leases relate primarily to bank branches. The Company’s ROU asset was $763 thousand as of September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 December 31, 2020 September 30, 2021 not December 31, 2020 Future minimum lease payments as of the dates indicated are as follows: Year September 30, 2021 (Amounts in thousands) 2022 $ 139 2023 119 2024 119 2025 104 2026 and thereafter 387 Total lease payments 868 Less: Interest (68 ) Present value of lease liabilities $ 800 Year December 31, 2020 (Amounts in thousands) 2021 $ 154 2022 131 2023 119 2024 117 2025 and thereafter 463 Total lease payments 984 Less: Interest (93 ) Present value of lease liabilities $ 891 |
Note 8 - Borrowings
Note 8 - Borrowings | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 8 . Borrowings The following table presents the components of borrowings as of the dates indicated: September 30, 2021 December 31, 2020 Weighted Weighted (Amounts in thousands) Balance Average Rate Balance Average Rate Retail repurchase agreements $ 1,106 0.07 % $ 964 0.32 % Repurchase agreements are secured by certain securities that remain under the Company’s control during the terms of the agreements. As of September 30, 2021 Unused borrowing capacity with the FHLB totaled $291.99 million, net of FHLB letters of credit of $151.75 million, as of September 30, 2021 September 30, 2021 |
Note 9 - Derivative Instruments
Note 9 - Derivative Instruments and Hedging Activities | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 9 . Derivative Instruments and Hedging Activities Generally, derivative instruments help the Company manage exposure to market risk and meet customer financing needs. Market risk represents the possibility that fluctuations in external factors such as interest rates, market-driven loan rates, prices, or other economic factors will adversely affect economic value or net interest income. The Company uses interest rate swap contracts to modify its exposure to interest rate risk caused by changes in the LIBOR curve in relation to certain designated fixed rate loans. These instruments are used to convert these fixed rate loans to an effective floating rate. If the LIBOR rate falls below the loan’s stated fixed rate for a given period, the Company will owe the floating rate payer the notional amount times the difference between LIBOR and the stated fixed rate. If LIBOR is above the stated rate for a given period, the Company will receive payments based on the notional amount times the difference between LIBOR and the stated fixed rate. In March 2020, 2020 04, not Certain of the Company's interest rate swaps qualify as fair value hedging instruments; therefore, fair value changes in the derivative and hedged item attributable to the hedged risk are recognized in earnings in the same period. The fair value hedges were effective as of September 30, 2021 not The following table presents the notional, or contractual, amounts and fair values of derivative instruments as of the dates indicated: September 30, 2021 December 31, 2020 Notional or Fair Value Notional or Fair Value Contractual Derivative Derivative Contractual Derivative Derivative (Amounts in thousands) Amount Assets Liabilities Amount Assets Liabilities Derivatives designated as hedges Interest rate swaps $ 4,486 $ - $ 292 $ 4,772 $ - $ 465 Derivatives not designated as hedges Interest rate swaps $ 7,949 $ 730 $ 11,928 $ 666 Total derivatives $ 12,435 $ - $ 1,022 $ 16,700 $ - $ 1,131 The following table presents the effect of derivative and hedging activity, if applicable, on the consolidated statements of income for the periods indicated: Three Months Ended September 30, Nine Months Ended September 30, (Amounts in thousands) 2021 2020 2021 2020 Income Statement Location Derivatives designated as hedges Interest rate swaps $ 27 $ 29 $ 83 $ 66 Interest and fees on loans Derivatives not designated as hedges Interest rate swaps $ 45 $ 51 $ 163 $ 106 Interest and fees on loans Total derivative expense $ 72 $ 80 $ 246 $ 172 |
Note 10 - Employee Benefit Plan
Note 10 - Employee Benefit Plans | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | Note 10 . Employee Benefit Plans The Company maintains two Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Income Statement Location (Amounts in thousands) Service cost $ 88 $ 77 $ 264 $ 232 Salaries and employee benefits Interest cost 78 88 236 266 Other expense Amortization of prior service cost 31 51 92 151 Other expense Amortization of losses 65 46 197 139 Other expense Net periodic cost $ 262 $ 262 $ 789 $ 788 |
Note 11 - Earnings Per Share
Note 11 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 11 . Earnings per Share The following table presents the calculation of basic and diluted earnings per common share for the periods indicated: Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 (Amounts in thousands, except share and per share data) Net income $ 12,608 $ 8,266 $ 40,613 $ 24,376 Weighted average common shares outstanding, basic 17,221,244 17,710,283 17,457,477 17,803,369 Dilutive effect of potential common shares Stock options 33,370 16,163 31,094 23,711 Unvested stock awards 24,962 5,982 23,329 9,883 Total dilutive effect of potential common shares 58,332 22,145 54,423 33,594 Weighted average common shares outstanding, diluted 17,279,576 17,732,428 17,511,900 17,836,963 Basic earnings per common share $ 0.73 $ 0.47 $ 2.32 $ 1.37 Diluted earnings per common share 0.73 0.47 2.32 1.37 Antidilutive potential common shares Stock options - 78,016 13,990 61,241 Unvested stock awards - 26,012 214 27,874 Total potential antidilutive shares - 104,028 14,204 89,115 |
Note 12 - Accumulated Other Com
Note 12 - Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 12 . Accumulated Other Comprehensive Income (Loss) The following tables present the changes in accumulated other comprehensive income (loss) (“AOCI”), net of tax and by component, during the periods indicated: Three Months Ended September 30, 2021 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 474 $ (3,039 ) $ (2,565 ) Other comprehensive loss before reclassifications (164 ) (1 ) (165 ) Reclassified from AOCI - 77 77 Other comprehensive loss income, net (164 ) 76 (88 ) Ending balance $ 310 $ (2,963 ) $ (2,653 ) Three Months Ended September 30, 2020 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 1,464 $ (2,572 ) $ (1,108 ) Other comprehensive loss before reclassifications (213 ) 1 (212 ) Reclassified from AOCI - 76 76 Other comprehensive income, net (213 ) 77 (136 ) Ending balance $ 1,251 $ (2,495 ) $ (1,244 ) Nine Months Ended September 30, 2021 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 1,106 $ (3,029 ) $ (1,923 ) Other comprehensive loss before reclassifications (796 ) (163 ) (959 ) Reclassified from AOCI - 229 229 Other comprehensive loss, net (796 ) 66 (730 ) Ending balance $ 310 $ (2,963 ) $ (2,653 ) Nine Months Ended September 30, 2020 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 866 $ (2,372 ) $ (1,506 ) Other comprehensive income (loss) before reclassifications 689 (352 ) 337 Reclassified from AOCI (304 ) 229 (75 ) Other comprehensive income (loss), net 385 (123 ) 262 Ending balance $ 1,251 $ (2,495 ) $ (1,244 ) The following table presents reclassifications out of AOCI, by component, during the periods indicated: Three Months Ended Nine Months Ended September 30, September 30, Income Statement (Amounts in thousands) 2021 2020 2021 2020 Line Item Affected Available-for-sale securities Gain recognized $ - $ - $ - $ (385 ) Net loss on sale of securities Reclassified out of AOCI, before tax - - - (385 ) Income before income taxes Income tax expense - - - (81 ) Income tax expense Reclassified out of AOCI, net of tax - - - (304 ) Net income Employee benefit plans Amortization of prior service cost $ 31 $ 51 $ 92 $ 150 Salaries and employee benefits Amortization of net actuarial benefit cost 65 46 197 140 Salaries and employee benefits Reclassified out of AOCI, before tax 96 97 289 290 Income before income taxes Income tax expense 20 21 61 61 Income tax expense Reclassified out of AOCI, net of tax 76 76 228 229 Net income Total reclassified out of AOCI, net of tax $ 76 $ 76 $ 228 $ (75 ) Net income ( 1 Amortization is included in net periodic pension cost. See Note 10, |
Note 13 - Fair Value
Note 13 - Fair Value | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | Note 13 . Fair Value Financial Instruments Measured at Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The fair value hierarchy ranks the inputs used in measuring fair value as follows: ● Level 1 ● Level 2 1 ● Level 3 no The Company uses fair value measurements to record adjustments to certain financial assets and liabilities on a recurring basis. The Company may may not Assets and Liabilities Reported at Fair Value on a Recurring Basis Available-for-Sale Debt Securities Debt securities available for sale are reported at fair value on a recurring basis. The fair value of Level 1 not 2 may 2 3 Fair value models may not not 3 third 3 third Equity Securities. 1 not 2. Loans Held for Investment third Deferred Compensation Assets and Liabilities 1 Derivative Assets and Liabilities 2 The following tables summarize financial assets and liabilities recorded at fair value on a recurring basis, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated: September 30, 2021 Total Fair Value Measurements Using (Amounts in thousands) Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities U.S. Agency securities $ 488 $ - $ 488 $ - Municipal securities 32,106 - 32,106 - Corporate Notes 4,880 4,880 Mortgage-backed Agency securities 39,966 - 39,966 - Total available-for-sale debt securities 77,440 - 77,440 - Equity securities 55 - 55 - Fair value loans 13,326 - - 13,326 Deferred compensation assets 4,901 4,901 - - Deferred compensation liabilities 4,901 4,901 - - Derivative liabilities 1,022 - 1,022 - December 31, 2020 Total Fair Value Measurements Using (Amounts in thousands) Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities U.S. Agency securities $ 551 $ - $ 551 $ - Municipal securities 44,459 - 44,459 - Mortgage-backed Agency securities 38,348 - 38,348 - Total available-for-sale debt securities 83,358 - 83,358 - Equity securities 55 - 55 - Fair value loans 17,831 - - 17,831 Deferred compensation assets 4,181 4,181 - - Deferred compensation liabilities 4,181 4,181 - - Derivative liabilities 1,131 - 1,131 - Assets Measured at Fair Value on a Nonrecurring Basis Impaired Loans 2016 13, 3 The Company maintains an active and robust problem credit identification system. The impairment review includes obtaining third two four third thirty forty-five third not OREO 3 The following tables present assets measured at fair value on a nonrecurring basis, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated: September 30, 2021 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 2,992 $ - $ - $ 2,992 OREO $ 1,240 $ - $ - $ 1,240 December 31, 2020 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Impaired loans, Pre-ASU 2016-13 $ 979 $ - $ - $ 979 OREO 2,083 - - 2,083 Quantitative Information about Level 3 The following tables provides quantitative information for assets measured at fair value on a nonrecurring basis using Level 3 Discount Range Valuation Unobservable (Weighted Average) Technique Input September 30, 2021 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 0% to 30% (10%) OREO Discounted appraisals(1) Appraisal adjustments(2) 0% to 87% (29%) ( 1 Fair value is generally based on appraisals of the underlying collateral. ( 2 Appraisals may Discount Range Valuation Unobservable (Weighted Average) Technique Input December 31, 2020 Impaired loans, non-covered Discounted appraisals(1) Appraisal adjustments(2) 22% to 38% (30%) OREO Discounted appraisals(1) Appraisal adjustments(2) 8% to 77% (25%) ( 1 Fair value is generally based on appraisals of the underlying collateral. ( 2 Appraisals may Fair Value of Financial Instruments The Company uses various methodologies and assumptions to estimate the fair value of certain financial instruments. A description of valuation methodologies used for instruments not Cash and Cash Equivalents Accrued Interest Receivable/Payable Deposits and Securities Sold Under Agreements to Repurchase FHLB and Other Borrowings Off-Balance Sheet Instruments not not not 14, The following tables present the carrying amounts and fair values of financial instruments, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated: September 30, 2021 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 635,007 $ 635,007 $ 635,007 $ - $ - Debt securities available for sale 77,440 77,440 - 77,440 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,122,226 2,086,930 - - 2,086,930 Interest receivable 8,146 8,146 - 8,146 - Deferred compensation assets 4,901 4,901 4,901 - - Liabilities Time deposits 371,589 370,567 - 370,567 - Securities sold under agreements to repurchase 1,106 1,106 - 1,106 - Interest payable 345 345 - 345 - Derivative financial liabilities 1,022 1,022 - 1,022 - Deferred compensation liabilities 4,901 4,901 4,901 - - December 31, 2020 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 456,561 $ 456,561 $ 456,561 $ - $ - Debt securities available for sale 83,358 83,358 - 83,358 - Equity securities 55 55 - 55 - Loans held for sale - - - - - Loans held for investment, net of allowance 2,160,450 2,126,221 - - 2,126,221 FDIC indemnification asset 1,223 509 - - 509 Interest receivable 9,052 9,052 - 9,052 - Deferred compensation assets 4,181 4,181 4,181 - - Liabilities Time deposits 420,619 423,120 - 423,120 - Securities sold under agreements to repurchase 964 964 - 964 - Interest payable 582 582 - 582 - Derivative liabilities 4,181 4,181 4,181 - - Deferred compensation liabilities 1,131 1,131 - 1,131 - |
Note 14 - Litigation, Commitmen
Note 14 - Litigation, Commitments, and Contingencies | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 14 . Litigation, Commitments , and Contingencies Litigation In the normal course of business, the Company is a defendant in various legal actions and asserted claims. While the Company and its legal counsel are unable to assess the ultimate outcome of each of these matters with certainty, the Company believes the resolution of these actions, singly or in the aggregate, should not Commitments and Contingencies The Company is a party to financial instruments with off balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit, and financial guarantees. These instruments involve, to varying degrees, elements of credit and interest rate risk beyond the amount recognized in the consolidated balance sheets. The contractual amounts of these instruments reflect the extent of involvement the Company has in particular classes of financial instruments. If the other party to a financial instrument does not Commitments to extend credit are agreements to lend to a customer as long as there is no may not may Standby letters of credit and financial guarantees are conditional commitments issued by the Company to guarantee the performance of a customer to a third The following table presents the off-balance sheet financial instruments as of the dates indicated: September 30, 2021 December 31, 2020 (Amounts in thousands) Commitments to extend credit $ 270,105 $ 229,408 Standby letters of credit and financial guarantees (1) 154,610 179,022 Total off-balance sheet risk $ 424,715 $ 408,430 Allowance for unfunded commitments $ 678 $ 66 ( 1 Includes FHLB letters of credit |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The Company’s accounting and reporting policies conform with U.S. generally accepted accounting principles (“GAAP”) and prevailing practices in the banking industry. The consolidated financial statements include all accounts of the Company and its wholly owned subsidiaries and eliminate all intercompany balances and transactions. The Company operates in one not may These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10 December 31, 2020 2020 10 April 2, 2021. December 31, 2020 |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications Certain amounts reported in prior years have been reclassified to conform to the current year’s presentation. These reclassifications had no |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates Preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that require the most subjective or complex judgments relate to fair value measurements, investment securities, the allowance for loan losses, goodwill and other intangible assets, and income taxes. A discussion of the Company’s application of critical accounting estimates is included in “Critical Accounting Estimates” in Item 2 |
Credit Loss, Financial Instrument [Policy Text Block] | Allowance for Credit Losses ( ACL ) On January 1, 2021, 2016 13, 326 January 1, 2021. not ACL – Investment Securities The Company no 2016 13, 326 third The Company excludes the accrued interest receivable from the amortized cost basis in measuring expected credit losses on the investment securities. Nor does the Company record an allowance for credit losses on accrued interest receivable. As of September 30, 2021 The Company’s estimate of expected credit losses includes a measure of the expected risk of credit loss even if that risk is remote. The Company does not not zero third zero one not zero ACL – Loans The ACL is an estimate of losses that will result from the inability of borrowers to make required loan payments. The Company established the incremental increase in the ACL at the adoption through retained earnings and subsequent adjustments will be made through a provision for credit losses charged to earnings. Loans charged off are recorded against the ACL and subsequent recoveries increase the ACL when they are recognized. A systematic methodology is used to determine ACL for loans held for investment and certain off-balance sheet credit exposures. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio. The Company’s estimate of its ACL involves a high degree of judgement and reflects management’s best estimate within the range of expected credit losses. The Company recognizes in net income the amount needed to adjust the ACL for management’s current estimate of expected credit losses. The Company’s ACL is calculated using collectively evaluated and individually evaluated loans. The Company collectively evaluates loans that share similar risk characteristics. In general, loans are segmented by loan purpose. The Company collectively evaluates loans within the following consumer and commercial segments: Loans secured by 1 4 For collectively evaluated loans, the Company uses a combination of discounted cash flow and remaining life to estimate expected credit losses. In addition to its own loss experience, management also includes peer bank historical loss experience in its assessment of expected credit losses to determine the ACL. The Company utilized call report data to measure its and its peer s' one Management considers forward-looking information in estimated expected credit losses. The Company subscribes to a third one eight may Included in its systematic methodology to determine its ACL for loans held for investment and certain off-balance sheet credit exposures, Management considers the need to qualitatively adjust expected credit losses for information not 1 2 3 4 5 6 7 8 9 When a loan no not Management measures expected credit losses over the contractual term of the loans. When determining the contractual term, the Company considers expected prepayments but is precluded from considering expected extensions, renewals, or modifications, unless the Company reasonably expects it will execute a TDR with a borrower. In the event of a reasonably-expected TDR, the Company factors the reasonably-expected TDR into the current expected credit losses estimate. The effects of a TDR are recorded when an individual asset is specifically identified as a reasonably-expected TDR. For consumer loans, the point at which a TDR is reasonably expected is when the Company approves the borrower’s application for a modification (i.e. the borrower qualifies for the TDR) or when the Credit Administration department approves loan concessions on substandard loans. For commercial loans, the point at which a TDR is reasonably expected is when the Company approves the loan for modification or when the Credit Administration department approves loan concessions on substandard loans. The Company uses a discounted cash flow methodology to calculate the effect of the concession provided to the borrower in TDR within the ACL. Purchased credit-deteriorated, otherwise referred to herein as PCD, assets are defined as acquired individual financial assets (or acquired groups of financial assets with similar risk characteristics) that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination, as determined by the Company’s assessment. The Company records acquired PCD loans by adding the expected credit losses (i.e. allowance for credit losses) to the purchase price of the financial assets rather than recording through the provision for credit losses in the income statement. The expected credit loss, as of the acquisition date, of a PCD loan is added to the allowance for credit losses. The non-credit discount or premium is the difference between the fair value and the amortized cost basis as of the acquisition date. Subsequent to the acquisition date, the change in the ACL on PCD loans is recognized through the provision for credit losses. The non-credit discount or premium is accreted or amortized, respectively, into interest income over the remaining life of the PCD loan on a level-yield basis. In accordance with the transition requirements within the standard, the Company’s acquired purchased credit impaired loans were treated as PCD loans. The Company follows its nonaccrual policy by reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. Therefore, Management excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on the portfolio and does not September 30, 2021 The Company has a variety of assets that have a component that qualifies as an off-balance sheet exposure. These primarily include undrawn portions of revolving lines of credit and standby letters of credit. The expected losses associated with these exposures within the unfunded portion of the loans will be recorded as a liability on the balance sheet with an offsetting income statement expense. Management has determined that a majority of the Company’s off-balance-sheet credit exposures are not September 30, 2021 |
Risks and Uncertainties Policy [Policy Text Block] | Risks and Uncertainties COVID- 19 During 2020 2021, 19” 19 2020 2021, Significant progress has been made to combat the outbreak of COVID- 19; September 30, 2021, not 19, Lending operations and accommodations to borrowers The general economic slowdown caused by COVID- 19 In addition to the general impact of COVID- 19, may two five 1%, September 30, 2021 loans with original principal balances totaling $92.58 million through both the first second first second September 30, 2021 $56.74 million or 93.03%, of the Company's first September 30, 2021 28.22%, or $8.91 million of the second To date, the Company has identified no no 19. no It is impossible to predict the full extent to which COVID- 19 19, |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Standards Standards Adopted in 2021 In June 2016, 2016 13, 326 January 1, 2021. January 1, 2021. not 326. not 2016 13 January 1, 2021 As Reported Pre- Impact of Under ASU 2016-13 ASU 2016-13 ASU 2016-13 Adoption Adoption Assets: Non-covered loans held for investment Allowance for credit losses on debt securities Investment securities - available for sale $ 83,358 $ 83,358 $ - A Loans Non-acquired loans and acquired performing loans 2,146,972 2,146,972 - Acquired purchased deteriorated loans 45,535 39,660 5,875 B Allowance for credit losses on loans (39,289 ) (26,182 ) (13,107 ) C Deferred tax asset 19,306 17,493 1,813 D Accrued interest receivable - loans 9,109 9,052 57 B Liabilities Allowance for credit losses on off-balance sheet credit exposures 575 66 509 E Equity: Retained earnings 231,714 237,585 (5,871 ) F A. Per our analysis no B. Accrued interest receivable from acquired credit impaired loans of $57 thousand was reclassed to other assets and was offset by the reclass of the grossed up credit discount on acquired credit impaired loans of $57 thousand that was moved to the ACL for the purchased credit deteriorated loans. C. Calculated adjustment to the ACL related to the adoption of ASU 2016 13. D. Effect of deferred tax assets related to the adjustment to the ACL form the adoption of ASU 2016 13 E. Adjustment to the reserve for unfunded commitments related to the adoption of ASU 2016 13. F. Net adjustment to retained earnings related to the adoption of ASU 2016 13. In December 2019, 2019 12, 740 January 1, 2021, not The Company does not |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Accounting Standards Update 2016-13 [Member] | |
Notes Tables | |
Accounting Standards Update and Change in Accounting Principle [Table Text Block] | January 1, 2021 As Reported Pre- Impact of Under ASU 2016-13 ASU 2016-13 ASU 2016-13 Adoption Adoption Assets: Non-covered loans held for investment Allowance for credit losses on debt securities Investment securities - available for sale $ 83,358 $ 83,358 $ - A Loans Non-acquired loans and acquired performing loans 2,146,972 2,146,972 - Acquired purchased deteriorated loans 45,535 39,660 5,875 B Allowance for credit losses on loans (39,289 ) (26,182 ) (13,107 ) C Deferred tax asset 19,306 17,493 1,813 D Accrued interest receivable - loans 9,109 9,052 57 B Liabilities Allowance for credit losses on off-balance sheet credit exposures 575 66 509 E Equity: Retained earnings 231,714 237,585 (5,871 ) F |
Note 2 - Debt Securities (Table
Note 2 - Debt Securities (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | September 30, 2021 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 491 $ - $ (3 ) $ 488 Municipal securities 31,866 240 - 32,106 Corporate notes 4,883 - (3 ) 4,880 Mortgage-backed Agency securities 39,808 743 (585 ) 39,966 Total $ 77,048 $ 983 $ (591 ) $ 77,440 December 31, 2020 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 555 $ — $ (4 ) $ 551 Municipal securities 43,950 509 — 44,459 Mortgage-backed Agency securities 37,453 992 (97 ) 38,348 Total $ 81,958 $ 1,501 $ (101 ) $ 83,358 |
Investments Classified by Contractual Maturity Date [Table Text Block] | September 30, 2021 Amortized (Amounts in thousands) Cost Fair Value Available-for-sale debt securities Due within one year $ 5,618 $ 5,617 Due after one year but within five years 20,293 20,416 Due after five years but within ten years 11,329 11,441 37,240 37,474 Mortgage-backed Agency securities 39,808 39,966 Total debt securities available for sale $ 77,048 $ 77,440 |
Schedule of Unrealized Loss on Investments [Table Text Block] | September 30, 2021 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Amounts in thousands) U.S. Agency securities $ - $ - $ 480 $ (3 ) $ 480 $ (3 ) Corporate notes 4,880 (3 ) - - 4,880 (3 ) Mortgage-backed Agency securities 16,792 (493 ) 2,017 (92 ) 18,809 (585 ) Total $ 21,672 $ (496 ) $ 2,497 $ (95 ) $ 24,169 $ (591 ) December 31, 2020 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Amounts in thousands) U.S. Agency securities $ — $ — $ 544 $ (4 ) $ 544 $ (4 ) Municipal securities — — — — — — Mortgage-backed Agency securities 11,018 (97 ) — — 11,018 (97 ) Total $ 11,018 $ (97 ) $ 544 $ (4 ) $ 11,562 $ (101 ) |
Realized Gain (Loss) on Investments [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 (Amounts in thousands) Gross realized gains $ - $ - $ - $ 419 Gross realized losses - - - (34 ) Net Gain (Loss) on sale of securities $ - $ - $ - $ 385 |
Note 3 - Loans (Tables)
Note 3 - Loans (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, 2021 December 31, 2020 (Amounts in thousands) Amount Percent Amount Percent Loans held for investment Commercial loans Construction, development, and other land $ 56,466 2.62 % $ 44,674 2.04 % Commercial and industrial 133,923 6.22 % 173,024 7.91 % Multi-family residential 100,444 4.67 % 115,161 5.27 % Single family non-owner occupied 196,946 9.15 % 187,783 8.59 % Non-farm, non-residential 711,861 33.08 % 734,793 33.60 % Agricultural 9,784 0.45 % 9,749 0.45 % Farmland 17,614 0.82 % 19,761 0.90 % Total commercial loans 1,227,038 57.01 % 1,284,945 58.76 % Consumer real estate loans Home equity lines 83,079 3.86 % 96,526 4.41 % Single family owner occupied 684,930 31.83 % 661,054 30.24 % Owner occupied construction 25,551 1.19 % 17,720 0.81 % Total consumer real estate loans 793,560 36.88 % 775,300 35.46 % Consumer and other loans Consumer loans 126,578 5.88 % 120,373 5.50 % Other 4,927 0.23 % 6,014 0.28 % Total consumer and other loans 131,505 6.11 % 126,387 5.78 % Total loans held for investment, net of unearned income $ 2,152,103 100.00 % $ 2,186,632 100.00 % |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block] | December 31, 2020 Recorded Unpaid Principal (Amounts in thousands) Investment Balance PCI Loans, by acquisition Peoples $ - $ - Waccamaw - - Highlands 39,662 47,514 Other acquired - - Total PCI Loans $ 39,662 $ 47,514 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Accretable Yield [Table Text Block] | Peoples Waccamaw Highlands Total (Amounts in thousands) Balance January 1, 2020 $ 1,890 $ 12,574 $ 8,152 $ 22,616 Accretion - - (1,952 ) (1,952 ) Reclassifications (to) from nonaccretable difference (1) - - - - Other changes, net (1,890 ) (12,574 ) - (14,464 ) Balance September 30, 2020 $ - $ - $ 6,200 $ 6,200 |
Note 4 - Credit Quality (Tables
Note 4 - Credit Quality (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Financing Receivable Credit Quality Indicators [Table Text Block] | September 30, 2021 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 54,228 $ 1,151 $ 1,087 $ - $ - $ 56,466 Commercial and industrial 127,972 1,270 4,681 - - 133,923 Multi-family residential 92,782 6,115 1,547 - - 100,444 Single family non-owner occupied 182,006 4,931 9,999 10 - 196,946 Non-farm, non-residential 653,550 39,020 19,291 - - 711,861 Agricultural 9,006 149 629 - - 9,784 Farmland 13,032 1,069 3,513 - - 17,614 Consumer real estate loans Home equity lines 78,975 1,049 3,055 - - 83,079 Single family owner occupied 650,705 2,535 31,690 - - 684,930 Owner occupied construction 25,268 - 283 - - 25,551 Consumer and other loans Consumer loans 124,805 17 1,756 - - 126,578 Other 4,927 - - - - 4,927 Total loans $ 2,017,256 $ 57,306 $ 77,531 $ 10 $ - $ 2,152,103 December 31, 2020 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 36,934 $ 4,975 $ 2,765 $ - $ - $ 44,674 Commercial and industrial 160,625 7,065 5,519 - - 173,209 Multi-family residential 103,291 8,586 3,284 - - 115,161 Single family non-owner occupied 165,146 9,602 12,838 12 - 187,598 Non-farm, non-residential 568,438 125,907 40,448 - - 734,793 Agricultural 7,724 1,686 339 - - 9,749 Farmland 13,527 2,597 3,637 - - 19,761 Consumer real estate loans - Home equity lines 91,712 1,488 3,326 - - 96,526 Single family owner occupied 623,860 3,859 33,335 - - 661,054 Owner occupied construction 17,232 201 287 - - 17,720 Consumer and other loans - Consumer loans 118,134 28 2,211 - - 120,373 Other 6,014 - - - - 6,014 Total loans $ 1,912,637 $ 165,994 $ 107,989 $ 12 $ - $ 2,186,632 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at September 30, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Construction, development and other land Pass $ 28,542 $ 9,501 $ 3,687 $ 3,908 $ 1,564 $ 6,672 $ 354 $ 54,228 Special Mention - 245 - 136 684 50 36 1,151 Substandard - - 129 11 281 666 - 1,087 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 28,542 $ 9,746 $ 3,816 $ 4,055 $ 2,529 $ 7,388 $ 390 $ 56,466 Commercial and industrial Pass $ 23,780 $ 21,186 $ 15,178 $ 15,115 $ 5,599 $ 3,641 $ 16,543 $ 101,042 Special Mention 32 165 653 209 86 30 95 1,270 Substandard 187 196 833 390 1,242 1,316 517 4,681 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial and industrial $ 23,999 $ 21,547 $ 16,664 $ 15,714 $ 6,927 $ 4,987 $ 17,155 $ 106,993 Paycheck Protection Loans Pass $ 22,680 $ 4,250 $ - $ - $ - $ - $ - $ 26,930 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Loss - - - - - - - - Total Paycheck Protection Loans $ 22,680 $ 4,250 $ - $ - $ - $ - $ - $ 26,930 Multi-family residential Pass $ 8,908 $ 25,468 $ 4,774 $ 1,960 $ 4,972 $ 45,766 $ 934 $ 92,782 Special Mention 5 - - - 2,663 3,447 - 6,115 Substandard - - - - 680 867 - 1,547 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 8,913 $ 25,468 $ 4,774 $ 1,960 $ 8,315 $ 50,080 $ 934 $ 100,444 Non-farm, non-residential Pass $ 102,761 $ 149,981 $ 64,144 $ 62,563 $ 56,696 $ 203,387 $ 14,018 $ 653,550 Special Mention 386 3,351 852 2,778 9,276 22,227 150 39,020 Substandard 1,115 689 2,989 2,856 4,804 6,611 227 19,291 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 104,262 $ 154,021 $ 67,985 $ 68,197 $ 70,776 $ 232,225 $ 14,395 $ 711,861 Agricultural Pass $ 4,326 $ 1,825 $ 1,152 $ 612 $ 379 $ 278 $ 434 $ 9,006 Special Mention 44 29 26 8 32 10 - 149 Substandard 43 11 373 47 22 133 - 629 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 4,413 $ 1,865 $ 1,551 $ 667 $ 433 $ 421 $ 434 $ 9,784 Farmland Pass $ 632 $ 1,073 $ 86 $ 1,158 $ 508 $ 8,041 $ 1,534 $ 13,032 Special Mention 20 - - 262 409 378 - 1,069 Substandard - 10 970 155 265 2,113 - 3,513 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 652 $ 1,083 $ 1,056 $ 1,575 $ 1,182 $ 10,532 $ 1,534 $ 17,614 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at September 30, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Home equity lines Pass $ 199 $ 1 $ - $ 26 $ - $ 5,259 $ 73,490 $ 78,975 Special Mention - - - 124 - 100 825 1,049 Substandard - - 26 136 108 1,334 1,451 3,055 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 199 $ 1 $ 26 $ 286 $ 108 $ 6,693 $ 75,766 $ 83,079 Single family Mortgage Pass $ 184,220 $ 228,685 $ 66,797 $ 48,592 $ 43,567 $ 259,661 $ 1,189 $ 832,711 Special Mention 395 523 956 372 1,058 4,162 - 7,466 Substandard 1,461 632 1,586 2,472 2,396 33,142 - 41,689 Doubtful - - - - - 10 - 10 Loss - - - - - - - - Total single family owner and non-owner occupied $ 186,076 $ 229,840 $ 69,339 $ 51,436 $ 47,021 $ 296,975 $ 1,189 $ 881,876 Owner occupied construction Pass $ 6,327 $ 12,978 $ 2,350 $ 1,448 $ 316 $ 1,849 $ - $ 25,268 Special Mention - - - - - - - - Substandard - - - - - 283 - 283 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 6,327 $ 12,978 $ 2,350 $ 1,448 $ 316 $ 2,132 $ - $ 25,551 Consumer loans Pass $ 53,230 $ 36,762 $ 20,291 $ 5,842 $ 2,273 $ 9,108 $ 2,226 $ 129,732 Special Mention - - 16 - - - 1 17 Substandard 99 409 866 77 83 144 78 1,756 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 53,329 $ 37,171 $ 21,173 $ 5,919 $ 2,356 $ 9,252 $ 2,305 $ 131,505 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at September 30, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Total Loans Pass $ 435,605 $ 491,710 $ 178,459 $ 141,224 $ 115,874 $ 543,662 $ 110,722 $ 2,017,256 Special Mention 882 4,313 2,503 3,889 14,208 30,404 1,107 57,306 Substandard 2,905 1,947 7,772 6,144 9,881 46,609 2,273 77,531 Doubtful - - - - - 10 - 10 Loss - - - - - - - - Total loans $ 439,392 $ 497,970 $ 188,734 $ 151,257 $ 139,963 $ 620,685 $ 114,102 $ 2,152,103 |
Impaired Financing Receivables [Table Text Block] | December 31, 2020 Unpaid Recorded Principal Related (Amounts in thousands) Investment Balance Allowance Impaired loans with no related allowance Commercial loans Construction, development, and other land $ 616 $ 891 $ - Commercial and industrial 2,341 2,392 - Multi-family residential 946 1,593 - Single family non-owner occupied 4,816 5,785 - Non-farm, non-residential 8,238 9,467 - Agricultural 218 226 - Farmland 1,228 1,311 - Consumer real estate loans Home equity lines 1,604 1,772 - Single family owner occupied 16,778 19,361 - Owner occupied construction 216 216 - Consumer and other loans Consumer loans 818 833 - Total impaired loans with no allowance 37,819 43,847 - Impaired loans with a related allowance Commercial loans Commercial and industrial - - - Multi-family residential - - - Single family non-owner occupied - - - Non-farm, non-residential 1,068 1,121 319 Farmland - - - Consumer real estate loans Home equity lines - - - Single family owner occupied 338 338 108 Consumer and other loans Consumer loans - - - Total impaired loans with an allowance 1,406 1,459 427 Total impaired loans(1) $ 39,225 $ 45,306 $ 427 |
Schedule of Impaired Financing Receivable, Average Recorded Investment and Interest Income Recognized [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2020 2020 Average Average Interest Income Recorded Interest Income Recorded (Amounts in thousands) Recognized Investment Recognized Investment Impaired loans with no related allowance: Commercial loans Construction, development, and other land $ 6 $ 882 $ 21 $ 1,021 Commercial and industrial 46 3,315 135 2,845 Multi-family residential 9 967 38 685 Single family non-owner occupied 54 5,090 126 4,798 Non-farm, non-residential 79 7,786 206 7,115 Agricultural 4 272 7 247 Farmland 12 1,526 48 1,640 Consumer real estate loans Home equity lines 13 1,588 29 1,569 Single family owner occupied 120 16,328 410 17,044 Owner occupied construction 2 542 12 470 Consumer and other loans Consumer loans 8 420 19 445 Total impaired loans with no related allowance 353 38,716 1,051 37,879 Impaired loans with a related allowance: Commercial loans Construction, development, and other land - - - - Commercial and industrial - - - - Multi-family residential - 944 - 943 Single family non-owner occupied - - - - Non-farm, non-residential 8 1,789 22 1,670 Farmland - - - - Consumer real estate loans Home equity lines - - - - Single family owner occupied 3 1,423 27 1,480 Owner occupied construction - - - - Total impaired loans with a related allowance 11 4,156 49 4,093 Total impaired loans $ 364 $ 42,872 $ 1,100 $ 41,972 |
Financing Receivable, Nonaccrual [Table Text Block] | September 30, 2021 (Amounts in thousands) No Allowance With an Allowance Total Commercial loans Construction, development, and other land $ 385 $ - $ 385 Commercial and industrial 1,933 - 1,933 Multi-family residential 251 - 251 Single family non-owner occupied 2,759 - 2,759 Non-farm, non-residential 3,127 2,599 5,726 Agricultural 221 - 221 Farmland 222 - 222 Consumer real estate loans - Home equity lines 702 - 702 Single family owner occupied 9,086 - 9,086 Owner occupied construction - - - Consumer and other loans - Consumer loans 782 - 782 Total nonaccrual loans $ 19,468 $ 2,599 $ 22,067 (Amounts in thousands) December 31, 2020 Commercial loans Construction, development, and other land $ 244 Commercial and industrial 895 Multi-family residential 946 Single family non-owner occupied 2,990 Non-farm, non-residential 6,343 Agricultural 217 Farmland 489 Consumer real estate loans Home equity lines 1,122 Single family owner occupied 7,976 Owner occupied construction - Consumer and other loans Consumer loans 781 Total nonaccrual loans $ 22,003 |
Financing Receivable, Past Due [Table Text Block] | September 30, 2021 Amortized Cost of 30 - 59 Days 60 - 89 Days 90+ Days Total Current Total > 90 Days Accruing (Amounts in thousands) Past Due Past Due Past Due Past Due Loans Loans No Allowance Commercial loans Construction, development, and other land $ 80 $ 9 $ 381 $ 470 $ 55,996 $ 56,466 $ - Commercial and industrial 534 197 1,309 2,040 131,883 133,923 - Multi-family residential - 98 35 133 100,311 100,444 - Single family non-owner occupied 454 354 1,234 2,042 194,904 196,946 - Non-farm, non-residential 1,199 1,577 2,430 5,206 706,655 711,861 - Agricultural 31 19 181 231 9,553 9,784 - Farmland - 7 222 229 17,385 17,614 - Consumer real estate loans Home equity lines 555 87 452 1,094 81,985 83,079 - Single family owner occupied 4,137 1,584 3,694 9,415 675,515 684,930 - Owner occupied construction - - - - 25,551 25,551 - Consumer and other loans Consumer loans 2,753 761 363 3,877 122,701 126,578 5 Other - - - - 4,927 4,927 - Total loans $ 9,743 $ 4,693 $ 10,301 $ 24,737 $ 2,127,366 $ 2,152,103 $ 5 December 31, 2020 30 - 59 Days 60 - 89 Days 90+ Days Total Current Total (Amounts in thousands) Past Due Past Due Past Due Past Due Loans Loans Commercial loans Construction, development, and other land $ 1,039 $ - $ 235 $ 1,274 $ 43,400 $ 44,674 Commercial and industrial 669 230 700 1,599 171,425 173,024 Multi-family residential 103 - 946 1,049 114,112 115,161 Single family non-owner occupied 925 488 2,144 3,557 184,226 187,783 Non-farm, non-residential 601 296 3,368 4,265 730,528 734,793 Agricultural 70 189 88 347 9,402 9,749 Farmland 43 - 457 500 19,261 19,761 Consumer real estate loans Home equity lines 649 380 425 1,454 95,072 96,526 Single family owner occupied 5,317 2,265 3,891 11,473 649,581 661,054 Owner occupied construction 82 - - 82 17,638 17,720 Consumer and other loans Consumer loans 2,637 746 651 4,034 116,339 120,373 Other - - - - 6,014 6,014 Total loans $ 12,135 $ 4,594 $ 12,905 $ 29,634 $ 2,156,998 $ 2,186,632 |
Collateral Dependent Loans [Table Text Block] | September 30, 2021 (Amounts in thousands) Balance Collateral Coverage % Commercial Real Estate Hotel $ - $ - - Office - - - Other 2,769 2,769 100.00 % Retail - - - Multi-Family Industrial - - - Office - - - Other - - - Commercial and industrial Industrial - - - Other - - - Home equity loans 40 40 100.00 % Consumer owner occupied 183 183 100.00 % Consumer - - - Total collateral dependent loans $ 2,992 $ 2,992 100.00 % |
Trouble Debt Restructuring Accrual Status [Table Text Block] | September 30, 2021 December 31, 2020 (Amounts in thousands) Nonaccrual(1) Accruing Total Nonaccrual(1) Accruing Total Commercial loans Construction, development, and other land $ - $ 213 $ 213 $ - $ - $ - Commercial and industrial 405 495 900 - 1,326 1,326 Single family non-owner occupied 871 356 1,227 1,585 1,265 2,850 Non-farm, non-residential 1,369 2,049 3,418 - 2,407 2,407 Consumer real estate loans Home equity lines - 69 69 - 77 77 Single family owner occupied 959 4,975 5,934 229 4,927 5,156 Owner occupied construction - - - - 216 216 Consumer and other loans Consumer loans - 28 28 - 30 30 Total TDRs $ 3,604 $ 8,185 $ 11,789 $ 1,814 $ 10,248 $ 12,062 Allowance for credit losses related to TDRs $ 154 $ - |
Interest Income Related to Troubled Debt Restructurings [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (Amounts in thousands) Interest income recognized $ 92 $ 122 $ 290 $ 372 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | Three Months Ended September 30, 2021 2020 Post-modification Post-modification Total Pre-modification Recorded Total Pre-modification Recorded (Amounts in thousands) Contracts Recorded Investment Investment(1) Contracts Recorded Investment Investment(1) Below market interest rate and extended payment term Single family non-owner occupied - - - - - - Single family owner occupied 2 302 283 - - - Total below market interest rate and extended payment term 2 302 283 - - - Payment deferral Construction, development, and other land - - - - - - Commercial and industrial - - - - - - Single family non-owner occupied - - - - - - Non-farm, non-residential - - - - - - Single family owner occupied - - - - - - Total principal deferral - - - - - - Total 2 $ 302 $ 283 - $ - $ - Nine Months Ended September 30, 2021 2020 Post-modification Post-modification Total Pre-modification Recorded Total Pre-modification Recorded (Amounts in thousands) Contracts Recorded Investment Investment(1) Contracts Recorded Investment Investment(1) Below market interest rate Single family non-owner occupied - - - 1 $ 50 $ 50 Total below market interest rate - - - 1 50 50 Below market interest rate and extended payment term Single family non-owner occupied - - - - - - Single family owner occupied 2 302 283 - - - Total below market interest rate and extended payment term 2 302 283 - - - Payment deferral Construction, development, and other land - - - 1 63 63 Commercial and industrial - - - 3 1,708 1,708 Single family non-owner occupied - - - 1 529 529 Non-farm, non-residential 1 1,390 1,368 3 2,115 2,115 Single family owner occupied - - - 3 742 726 Home equity lines - - - - - - Total principal deferral 1 1,390 1,368 11 5,157 5,141 Total 3 $ 1,692 $ 1,651 12 $ 5,207 $ 5,191 |
Other Real Estate Owned [Table Text Block] | September 30, 2021 December 31, 2020 (Amounts in thousands) OREO $ 1,240 $ 2,083 OREO secured by residential real estate $ 540 $ 769 Residential real estate loans in the foreclosure process (1) $ 3,114 $ 4,141 |
Note 5 - Allowance for Credit_2
Note 5 - Allowance for Credit Losses (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Three Months Ended September 30, 2021 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 17,704 $ 11,055 $ 3,098 $ 31,857 Provision for (recovery of) loan losses charged to operations (1,504 ) (317 ) 427 (1,394 ) Charge-offs (407 ) (195 ) (653 ) (1,255 ) Recoveries 285 179 205 669 Net charge-offs (122 ) (16 ) (448 ) (586 ) Ending balance $ 16,078 $ 10,722 $ 3,077 $ 29,877 Three Months Ended September 30, 2020 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 13,909 $ 7,294 $ 2,555 $ 23,758 Provision for loan losses charged to operations 1,972 1,975 756 4,703 Charge-offs (501 ) (188 ) (874 ) (1,563 ) Recoveries 169 38 172 379 Net charge-offs (332 ) (150 ) (702 ) (1,184 ) Ending balance $ 15,549 $ 9,119 $ 2,609 $ 27,277 Nine Months Ended September 30, 2021 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 14,661 $ 8,951 $ 2,570 $ 26,182 Cumulative effect of adoption of ASU 2016-13 8,360 4,145 602 13,107 Provision for (recovery of) loan losses charged to operations (6,286 ) (2,845 ) 1,506 (7,625 ) Charge-offs (2,366 ) (253 ) (2,268 ) (4,887 ) Recoveries 1,709 724 667 3,100 Net charge-offs (657 ) 471 (1,601 ) (1,787 ) Ending balance $ 16,078 $ 10,722 $ 3,077 $ 29,877 Nine Months Ended September 30, 2020 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 10,235 $ 6,325 $ 1,865 $ 18,425 Provision for loan losses charged to operations 6,577 2,899 2,558 12,034 Charge-offs (1,647 ) (430 ) (2,352 ) (4,429 ) Recoveries 384 325 538 1,247 Net (charge-offs) recoveries (1,263 ) (105 ) (1,814 ) (3,182 ) Ending balance $ 15,549 $ 9,119 $ 2,609 $ 27,277 |
Allowance for Credit Losses and Recorded Investment in Loans by Segment and Class [Table Text Block] | December 31, 2020 Loans Individually Allowance for Loans Loans Collectively Allowance for Loans Evaluated for Individually Evaluated for Collectively (Amounts in thousands) Impairment Evaluated Impairment Evaluated Commercial loans Construction, development, and other land $ - $ - $ 43,716 $ 528 Commercial and industrial 724 - 171,486 1,024 Multi-family residential 695 - 112,852 1,417 Single family non-owner occupied 1,041 - 183,283 1,861 Non-farm, non-residential 3,916 319 714,160 9,097 Agricultural - - 9,728 218 Farmland - - 17,540 196 Total commercial loans 6,376 319 1,252,765 14,341 Consumer real estate loans Home equity lines - - 95,765 799 Single family owner occupied 1,673 108 647,040 7,849 Owner occupied construction - - 17,567 195 Total consumer real estate loans 1,673 108 760,372 8,843 Consumer and other loans Consumer loans - - 119,770 2,570 Other - - 6,014 - Total consumer and other loans - - 125,784 2,570 Total loans, excluding PCI loans $ 8,049 $ 427 $ 2,138,921 $ 25,754 |
Schedule of Information Related to Purchased Credit Impaired Loans [Table Text Block] | December 31, 2020 Allowance for Loan Recorded Pools With (Amounts in thousands) Investment Impairment Commercial loans Highlands: Construction & land development $ 958 $ - Farmland and other agricultural 2,242 - Multifamily 1,614 - Commercial real estate 20,176 - Commercial and industrial 814 - Total commercial loans 25,804 - Consumer real estate loans Highlands: 1-4 family, junior and HELOCS 761 - 1-4 family, senior-consumer 12,494 - Consumer 603 - Total consumer real estate loans 13,858 - Total PCI loans $ 39,662 $ - |
Note 6 - Deposits (Tables)
Note 6 - Deposits (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | September 30, 2021 December 31, 2020 (Amounts in thousands) Noninterest-bearing demand deposits $ 820,147 $ 772,795 Interest-bearing deposits: Interest-bearing demand deposits 650,610 598,148 Money market accounts 285,866 258,864 Savings deposits 545,634 495,821 Certificates of deposit 251,191 293,848 Individual retirement accounts 120,398 126,771 Total interest-bearing deposits 1,853,699 1,773,452 Total deposits $ 2,673,846 $ 2,546,247 |
Note 7 - Leases (Tables)
Note 7 - Leases (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Year September 30, 2021 (Amounts in thousands) 2022 $ 139 2023 119 2024 119 2025 104 2026 and thereafter 387 Total lease payments 868 Less: Interest (68 ) Present value of lease liabilities $ 800 Year December 31, 2020 (Amounts in thousands) 2021 $ 154 2022 131 2023 119 2024 117 2025 and thereafter 463 Total lease payments 984 Less: Interest (93 ) Present value of lease liabilities $ 891 |
Note 8 - Borrowings (Tables)
Note 8 - Borrowings (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | September 30, 2021 December 31, 2020 Weighted Weighted (Amounts in thousands) Balance Average Rate Balance Average Rate Retail repurchase agreements $ 1,106 0.07 % $ 964 0.32 % |
Note 9 - Derivative Instrumen_2
Note 9 - Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | September 30, 2021 December 31, 2020 Notional or Fair Value Notional or Fair Value Contractual Derivative Derivative Contractual Derivative Derivative (Amounts in thousands) Amount Assets Liabilities Amount Assets Liabilities Derivatives designated as hedges Interest rate swaps $ 4,486 $ - $ 292 $ 4,772 $ - $ 465 Derivatives not designated as hedges Interest rate swaps $ 7,949 $ 730 $ 11,928 $ 666 Total derivatives $ 12,435 $ - $ 1,022 $ 16,700 $ - $ 1,131 |
Derivative Instruments, Gain (Loss) [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, (Amounts in thousands) 2021 2020 2021 2020 Income Statement Location Derivatives designated as hedges Interest rate swaps $ 27 $ 29 $ 83 $ 66 Interest and fees on loans Derivatives not designated as hedges Interest rate swaps $ 45 $ 51 $ 163 $ 106 Interest and fees on loans Total derivative expense $ 72 $ 80 $ 246 $ 172 |
Note 10 - Employee Benefit Pl_2
Note 10 - Employee Benefit Plans (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Net Benefit Costs [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Income Statement Location (Amounts in thousands) Service cost $ 88 $ 77 $ 264 $ 232 Salaries and employee benefits Interest cost 78 88 236 266 Other expense Amortization of prior service cost 31 51 92 151 Other expense Amortization of losses 65 46 197 139 Other expense Net periodic cost $ 262 $ 262 $ 789 $ 788 |
Note 11 - Earnings Per Share (T
Note 11 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 (Amounts in thousands, except share and per share data) Net income $ 12,608 $ 8,266 $ 40,613 $ 24,376 Weighted average common shares outstanding, basic 17,221,244 17,710,283 17,457,477 17,803,369 Dilutive effect of potential common shares Stock options 33,370 16,163 31,094 23,711 Unvested stock awards 24,962 5,982 23,329 9,883 Total dilutive effect of potential common shares 58,332 22,145 54,423 33,594 Weighted average common shares outstanding, diluted 17,279,576 17,732,428 17,511,900 17,836,963 Basic earnings per common share $ 0.73 $ 0.47 $ 2.32 $ 1.37 Diluted earnings per common share 0.73 0.47 2.32 1.37 Antidilutive potential common shares Stock options - 78,016 13,990 61,241 Unvested stock awards - 26,012 214 27,874 Total potential antidilutive shares - 104,028 14,204 89,115 |
Note 12 - Accumulated Other C_2
Note 12 - Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Three Months Ended September 30, 2021 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 474 $ (3,039 ) $ (2,565 ) Other comprehensive loss before reclassifications (164 ) (1 ) (165 ) Reclassified from AOCI - 77 77 Other comprehensive loss income, net (164 ) 76 (88 ) Ending balance $ 310 $ (2,963 ) $ (2,653 ) Three Months Ended September 30, 2020 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 1,464 $ (2,572 ) $ (1,108 ) Other comprehensive loss before reclassifications (213 ) 1 (212 ) Reclassified from AOCI - 76 76 Other comprehensive income, net (213 ) 77 (136 ) Ending balance $ 1,251 $ (2,495 ) $ (1,244 ) Nine Months Ended September 30, 2021 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 1,106 $ (3,029 ) $ (1,923 ) Other comprehensive loss before reclassifications (796 ) (163 ) (959 ) Reclassified from AOCI - 229 229 Other comprehensive loss, net (796 ) 66 (730 ) Ending balance $ 310 $ (2,963 ) $ (2,653 ) Nine Months Ended September 30, 2020 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 866 $ (2,372 ) $ (1,506 ) Other comprehensive income (loss) before reclassifications 689 (352 ) 337 Reclassified from AOCI (304 ) 229 (75 ) Other comprehensive income (loss), net 385 (123 ) 262 Ending balance $ 1,251 $ (2,495 ) $ (1,244 ) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, Income Statement (Amounts in thousands) 2021 2020 2021 2020 Line Item Affected Available-for-sale securities Gain recognized $ - $ - $ - $ (385 ) Net loss on sale of securities Reclassified out of AOCI, before tax - - - (385 ) Income before income taxes Income tax expense - - - (81 ) Income tax expense Reclassified out of AOCI, net of tax - - - (304 ) Net income Employee benefit plans Amortization of prior service cost $ 31 $ 51 $ 92 $ 150 Salaries and employee benefits Amortization of net actuarial benefit cost 65 46 197 140 Salaries and employee benefits Reclassified out of AOCI, before tax 96 97 289 290 Income before income taxes Income tax expense 20 21 61 61 Income tax expense Reclassified out of AOCI, net of tax 76 76 228 229 Net income Total reclassified out of AOCI, net of tax $ 76 $ 76 $ 228 $ (75 ) Net income |
Note 13 - Fair Value (Tables)
Note 13 - Fair Value (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | September 30, 2021 Total Fair Value Measurements Using (Amounts in thousands) Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities U.S. Agency securities $ 488 $ - $ 488 $ - Municipal securities 32,106 - 32,106 - Corporate Notes 4,880 4,880 Mortgage-backed Agency securities 39,966 - 39,966 - Total available-for-sale debt securities 77,440 - 77,440 - Equity securities 55 - 55 - Fair value loans 13,326 - - 13,326 Deferred compensation assets 4,901 4,901 - - Deferred compensation liabilities 4,901 4,901 - - Derivative liabilities 1,022 - 1,022 - December 31, 2020 Total Fair Value Measurements Using (Amounts in thousands) Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities U.S. Agency securities $ 551 $ - $ 551 $ - Municipal securities 44,459 - 44,459 - Mortgage-backed Agency securities 38,348 - 38,348 - Total available-for-sale debt securities 83,358 - 83,358 - Equity securities 55 - 55 - Fair value loans 17,831 - - 17,831 Deferred compensation assets 4,181 4,181 - - Deferred compensation liabilities 4,181 4,181 - - Derivative liabilities 1,131 - 1,131 - |
Fair Value Measurements, Nonrecurring [Table Text Block] | September 30, 2021 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 2,992 $ - $ - $ 2,992 OREO $ 1,240 $ - $ - $ 1,240 December 31, 2020 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Impaired loans, Pre-ASU 2016-13 $ 979 $ - $ - $ 979 OREO 2,083 - - 2,083 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Discount Range Valuation Unobservable (Weighted Average) Technique Input September 30, 2021 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 0% to 30% (10%) OREO Discounted appraisals(1) Appraisal adjustments(2) 0% to 87% (29%) Discount Range Valuation Unobservable (Weighted Average) Technique Input December 31, 2020 Impaired loans, non-covered Discounted appraisals(1) Appraisal adjustments(2) 22% to 38% (30%) OREO Discounted appraisals(1) Appraisal adjustments(2) 8% to 77% (25%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30, 2021 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 635,007 $ 635,007 $ 635,007 $ - $ - Debt securities available for sale 77,440 77,440 - 77,440 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,122,226 2,086,930 - - 2,086,930 Interest receivable 8,146 8,146 - 8,146 - Deferred compensation assets 4,901 4,901 4,901 - - Liabilities Time deposits 371,589 370,567 - 370,567 - Securities sold under agreements to repurchase 1,106 1,106 - 1,106 - Interest payable 345 345 - 345 - Derivative financial liabilities 1,022 1,022 - 1,022 - Deferred compensation liabilities 4,901 4,901 4,901 - - December 31, 2020 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 456,561 $ 456,561 $ 456,561 $ - $ - Debt securities available for sale 83,358 83,358 - 83,358 - Equity securities 55 55 - 55 - Loans held for sale - - - - - Loans held for investment, net of allowance 2,160,450 2,126,221 - - 2,126,221 FDIC indemnification asset 1,223 509 - - 509 Interest receivable 9,052 9,052 - 9,052 - Deferred compensation assets 4,181 4,181 4,181 - - Liabilities Time deposits 420,619 423,120 - 423,120 - Securities sold under agreements to repurchase 964 964 - 964 - Interest payable 582 582 - 582 - Derivative liabilities 4,181 4,181 4,181 - - Deferred compensation liabilities 1,131 1,131 - 1,131 - |
Note 14 - Litigation, Commitm_2
Note 14 - Litigation, Commitments, and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | September 30, 2021 December 31, 2020 (Amounts in thousands) Commitments to extend credit $ 270,105 $ 229,408 Standby letters of credit and financial guarantees (1) 154,610 179,022 Total off-balance sheet risk $ 424,715 $ 408,430 Allowance for unfunded commitments $ 678 $ 66 |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation (Details Textual) | Jan. 01, 2021USD ($) | Sep. 30, 2021USD ($) | Jun. 30, 2021USD ($) | Dec. 31, 2020USD ($) | Sep. 30, 2020USD ($) | Jun. 30, 2020USD ($) | Dec. 31, 2019USD ($) | ||||
Number of Operating Segments | 1 | ||||||||||
Retained Earnings (Accumulated Deficit), Ending Balance | $ 237,585,000 | [1] | $ 258,860,000 | $ 237,585,000 | [2] | ||||||
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Total | 353,000 | ||||||||||
Minimum Principal Balance of Loans for Quarterly Rating Review | 500,000 | ||||||||||
Financing Receivable, Accrued Interest, after Allowance for Credit Loss | 7,770,000 | ||||||||||
Off-Balance Sheet, Credit Loss, Liability, Ending Balance | [3] | 66,000 | |||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | 26,182,000 | [4] | 29,877,000 | [5] | $ 31,857,000 | 26,182,000 | [2],[5] | $ 27,277,000 | $ 23,758,000 | $ 18,425,000 | |
Deferred Tax Assets, Net of Valuation Allowance, Total | [6] | 17,493,000 | |||||||||
Other Assets, Total | 107,258,000 | 105,298,000 | [2] | ||||||||
Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | $ 5,880,000 | ||||||||||
SBA CARES Act Paycheck Protection Program, First Round [Member] | |||||||||||
Financing Receivable, Deferred Payments, Forgiven Amount | $ 56,740,000 | ||||||||||
Financing Receivable, Percentage of Loans Forgiven from Total Loans with Deferred Payments | 93.03% | ||||||||||
SBA CARES Act Paycheck Protection Program, Second Round [Member] | |||||||||||
Financing Receivable, Deferred Payments, Forgiven Amount | $ 8,910,000 | ||||||||||
Financing Receivable, Percentage of Loans Forgiven from Total Loans with Deferred Payments | 28.22% | ||||||||||
Consumer Real Estate Portfolio Segment [Member] | |||||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | $ 10,722,000 | $ 11,055,000 | 8,951,000 | $ 9,119,000 | $ 7,294,000 | $ 6,325,000 | |||||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||||||||||
Financing Receivable, Number Closed Under Paycheck Protection Program Under CARES Act | 1,429 | ||||||||||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||||||||||
Financing Receivable, before Allowance for Credit Loss, Total | $ 92,580,000 | ||||||||||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | SBA CARES Act Paycheck Protection Program, First Round [Member] | |||||||||||
Financing Receivable, before Allowance for Credit Loss, Total | 60,990,000 | ||||||||||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | SBA CARES Act Paycheck Protection Program, Second Round [Member] | |||||||||||
Financing Receivable, before Allowance for Credit Loss, Total | 31,590,000 | ||||||||||
Other Liabilities [Member] | |||||||||||
Off-Balance Sheet, Credit Loss, Liability, Ending Balance | $ 678,000 | ||||||||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||||||
Effective Income Tax Rate Reconciliation, Percent, Total | 23.37% | ||||||||||
Accounting Standards Update 2016-13 [Member] | |||||||||||
Other Assets, Total | $ 57,000 | ||||||||||
Accounting Standards Update 2016-13 [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | 57,000 | ||||||||||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||||||
Retained Earnings (Accumulated Deficit), Ending Balance | [1] | (5,871,000) | |||||||||
Off-Balance Sheet, Credit Loss, Liability, Ending Balance | [3] | 509,000 | |||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | 13,107,000 | [4] | 13,107,000 | ||||||||
Deferred Tax Assets, Net of Valuation Allowance, Total | [6] | $ 1,813,000 | |||||||||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer Real Estate Portfolio Segment [Member] | |||||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | $ 4,145,000 | ||||||||||
[1] | Net adjustment to retained earnings related to the adoption of ASU 2016-13. | ||||||||||
[2] | Derived from audited financial statements | ||||||||||
[3] | Adjustment to the reserve for unfunded commitments related to the adoption of ASU 2016-13. | ||||||||||
[4] | Calculated adjustment to the ACL related to the adoption of ASU 2016-13. Additional reserve related to purchased deteriorated loans of $5.88 million. | ||||||||||
[5] | Effective January 1, 2021, the Company adopted the current expected credit loss methodology ("CECL"), prior to January 1, 2021, the Company utilized the incurred credit loss methodology. | ||||||||||
[6] | Effect of deferred tax assets related to the adjustment to the ACL form the adoption of ASU 2016-13 using a 23.37% tax rate. |
Note 1 - Basis of Presentatio_3
Note 1 - Basis of Presentation - Impact of ASU 2016-13 (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 | Jan. 01, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Dec. 31, 2019 | ||||
Securities available for sale, fair value | $ 77,440 | $ 83,358 | [1] | $ 83,358 | [2] | ||||||
Allowance for credit losses on loans | (29,877) | [3] | $ (31,857) | (26,182) | [4] | (26,182) | [2],[3] | $ (27,277) | $ (23,758) | $ (18,425) | |
Deferred Tax Assets, Net of Valuation Allowance, Total | [5] | 17,493 | |||||||||
Accrued interest receivable - loans | 8,146 | 9,052 | [6] | 9,052 | [2] | ||||||
Allowance for credit losses on off-balance sheet credit exposures | [7] | 66 | |||||||||
Retained Earnings (Accumulated Deficit), Ending Balance | $ 258,860 | 237,585 | [8] | 237,585 | [2] | ||||||
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||
Loans | 2,146,972 | ||||||||||
Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||
Loans | [6] | 39,660 | |||||||||
Allowance for credit losses on loans | (5,880) | ||||||||||
Accounting Standards Update 2016-13 [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||
Allowance for credit losses on loans | (57) | ||||||||||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||||||||||
Securities available for sale, fair value | [1] | 83,358 | |||||||||
Allowance for credit losses on loans | [4] | (39,289) | |||||||||
Deferred Tax Assets, Net of Valuation Allowance, Total | [5] | 19,306 | |||||||||
Accrued interest receivable - loans | [6] | 9,109 | |||||||||
Allowance for credit losses on off-balance sheet credit exposures | [7] | 575 | |||||||||
Retained Earnings (Accumulated Deficit), Ending Balance | [8] | 231,714 | |||||||||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||
Loans | 2,146,972 | ||||||||||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||
Loans | [6] | 45,535 | |||||||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Securities available for sale, fair value | [1] | 0 | |||||||||
Allowance for credit losses on loans | (13,107) | [4] | $ (13,107) | ||||||||
Deferred Tax Assets, Net of Valuation Allowance, Total | [5] | 1,813 | |||||||||
Accrued interest receivable - loans | [6] | 57 | |||||||||
Allowance for credit losses on off-balance sheet credit exposures | [7] | 509 | |||||||||
Retained Earnings (Accumulated Deficit), Ending Balance | [8] | (5,871) | |||||||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||
Loans | 0 | ||||||||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||
Loans | [6] | $ 5,875 | |||||||||
[1] | Per our analysis no ACL was necessary for investment securities available-for-sale. | ||||||||||
[2] | Derived from audited financial statements | ||||||||||
[3] | Effective January 1, 2021, the Company adopted the current expected credit loss methodology ("CECL"), prior to January 1, 2021, the Company utilized the incurred credit loss methodology. | ||||||||||
[4] | Calculated adjustment to the ACL related to the adoption of ASU 2016-13. Additional reserve related to purchased deteriorated loans of $5.88 million. | ||||||||||
[5] | Effect of deferred tax assets related to the adjustment to the ACL form the adoption of ASU 2016-13 using a 23.37% tax rate. | ||||||||||
[6] | Accrued interest receivable from acquired credit impaired loans of $57 thousand was reclassed to other assets and was offset by the reclass of the grossed up credit discount on acquired credit impaired loans of $57 thousand that was moved to the ACL for the purchased credit deteriorated loans. | ||||||||||
[7] | Adjustment to the reserve for unfunded commitments related to the adoption of ASU 2016-13. | ||||||||||
[8] | Net adjustment to retained earnings related to the adoption of ASU 2016-13. |
Note 2 - Debt Securities (Detai
Note 2 - Debt Securities (Details Textual) $ in Thousands | 9 Months Ended | |
Sep. 30, 2021USD ($) | Dec. 31, 2020USD ($) | |
Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings, Total | $ 0 | |
Number of Securities in Unrealized Loss Position | 15 | 6 |
Percentage of Combined Depreciation of Combined Reported Value of Aggregate Securities Portfolio | 0.76% | 0.12% |
Security Owned and Pledged as Collateral, Fair Value, Total | $ 23,800 | $ 36,560 |
Note 2 - Debt Securities - Secu
Note 2 - Debt Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jan. 01, 2021 | [1] | Dec. 31, 2020 | |
Securities available for sale, amortized cost | $ 77,048 | $ 81,958 | |||
Securities available for sale, unrealized gains | 983 | 1,501 | |||
Securities available for sale, unrealized losses | (591) | (101) | |||
Securities available for sale, fair value | 77,440 | $ 83,358 | 83,358 | [2] | |
US Government Agencies Debt Securities [Member] | |||||
Securities available for sale, amortized cost | 491 | 555 | |||
Securities available for sale, unrealized gains | 0 | 0 | |||
Securities available for sale, unrealized losses | (3) | (4) | |||
Securities available for sale, fair value | 488 | 551 | |||
US States and Political Subdivisions Debt Securities [Member] | |||||
Securities available for sale, amortized cost | 31,866 | 43,950 | |||
Securities available for sale, unrealized gains | 240 | 509 | |||
Securities available for sale, unrealized losses | 0 | 0 | |||
Securities available for sale, fair value | 32,106 | 44,459 | |||
Corporate Debt Securities [Member] | |||||
Securities available for sale, amortized cost | 4,883 | ||||
Securities available for sale, unrealized gains | 0 | ||||
Securities available for sale, unrealized losses | (3) | ||||
Securities available for sale, fair value | 4,880 | ||||
Mortgage-backed Agency Securities [Member] | |||||
Securities available for sale, amortized cost | 39,808 | 37,453 | |||
Securities available for sale, unrealized gains | 743 | 992 | |||
Securities available for sale, unrealized losses | (585) | (97) | |||
Securities available for sale, fair value | $ 39,966 | $ 38,348 | |||
[1] | Per our analysis no ACL was necessary for investment securities available-for-sale. | ||||
[2] | Derived from audited financial statements |
Note 2 - Debt Securities - Se_2
Note 2 - Debt Securities - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jan. 01, 2021 | [1] | Dec. 31, 2020 | |
Securities available for sale, due within one year, amortized cost | $ 5,618 | ||||
Securities available for sale, due within one year, fair value | 5,617 | ||||
Securities available for sale, due after one year but within five years, amortized cost | 20,293 | ||||
Securities available for sale, due after one year but within five years, fair value | 20,416 | ||||
Securities available for sale, due after five years but within ten years, amortized cost | 11,329 | ||||
Securities available for sale, due after five years but within ten years, fair value | 11,441 | ||||
Securities available for sale, single maturity date, amortized cost | 37,240 | ||||
Securities available for sale, single maturity date, fair value (US | 37,474 | ||||
Securities available for sale, amortized cost | 77,048 | $ 81,958 | |||
Securities available for sale, fair value | 77,440 | $ 83,358 | $ 83,358 | [2] | |
Collateralized Mortgage Backed Securities [Member] | |||||
Mortgage-backed Agency securities, amortized cost | 39,808 | ||||
Mortgage-backed Agency securities, fair value | $ 39,966 | ||||
[1] | Per our analysis no ACL was necessary for investment securities available-for-sale. | ||||
[2] | Derived from audited financial statements |
Note 2 - Debt Securities - Avai
Note 2 - Debt Securities - Available For Sale Securities in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Securities available for sale, less than 12 months, fair value | $ 21,672 | $ 11,018 |
Securities available for sale, less than 12 months, unrealized losses | (496) | (97) |
Securities available for sale, 12 months or longer, fair value | 2,497 | 544 |
Securities available for sale, 12 months or longer, unrealized losses | (95) | (4) |
Securities available for sale, total fair value | 24,169 | 11,562 |
Securities available for sale, total unrealized losses | (591) | (101) |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 0 | 0 |
Securities available for sale, less than 12 months, unrealized losses | 0 | 0 |
Securities available for sale, 12 months or longer, fair value | 480 | 544 |
Securities available for sale, 12 months or longer, unrealized losses | (3) | (4) |
Securities available for sale, total fair value | 480 | 544 |
Securities available for sale, total unrealized losses | (3) | (4) |
Corporate Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 4,880 | |
Securities available for sale, less than 12 months, unrealized losses | (3) | |
Securities available for sale, 12 months or longer, fair value | 0 | |
Securities available for sale, 12 months or longer, unrealized losses | 0 | |
Securities available for sale, total fair value | 4,880 | |
Securities available for sale, total unrealized losses | (3) | |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 0 | |
Securities available for sale, less than 12 months, unrealized losses | 0 | |
Securities available for sale, 12 months or longer, fair value | 0 | |
Securities available for sale, 12 months or longer, unrealized losses | 0 | |
Securities available for sale, total fair value | 0 | |
Securities available for sale, total unrealized losses | 0 | |
Mortgage-backed Agency Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 16,792 | 11,018 |
Securities available for sale, less than 12 months, unrealized losses | (493) | (97) |
Securities available for sale, 12 months or longer, fair value | 2,017 | 0 |
Securities available for sale, 12 months or longer, unrealized losses | (92) | 0 |
Securities available for sale, total fair value | 18,809 | 11,018 |
Securities available for sale, total unrealized losses | $ (585) | $ (97) |
Note 2 - Debt Securities - Gros
Note 2 - Debt Securities - Gross Realized Gains and Losses from Sale of Available-for-sale Debt Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Gross realized gains | $ 0 | $ 0 | $ 0 | $ 419 |
Gross realized losses | 0 | 0 | 0 | (34) |
Net Gain (Loss) on sale of securities | $ 0 | $ 0 | $ 0 | $ 385 |
Note 3 - Loans (Details Textual
Note 3 - Loans (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | ||
Bank Overdrafts | $ 1,650 | $ 1,650 | $ 1,130 | |||
Deferred Loan Fees | 5,400 | 5,400 | 5,580 | |||
Financing Receivable, Unamortized Purchase Premium (Discount) | (6,180) | (6,180) | ||||
Financing Receivable, Accrued Interest, after Allowance for Credit Loss | 7,770 | 7,770 | ||||
Financing Receivable, Covered, before Allowance for Credit Loss, Total | [1] | 9,680 | ||||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss, Total | 26,930 | 26,930 | 57,060 | |||
Financing Receivable, Unamortized Loan Fee (Cost) and Purchase Premium (Discount), Total | 4,340 | 4,340 | $ 2,300 | |||
Amortization of Deferred Loan Origination Fees, Net | $ 708 | $ 287 | $ 2,240 | $ 479 | ||
[1] | Derived from audited financial statements |
Note 3 - Loans - Loans by Class
Note 3 - Loans - Loans by Class (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Total loans held for investment, net of unearned income | $ 2,152,103 | $ 2,186,632 |
Total loans held for investment, net of unearned income, percent | 100.00% | 100.00% |
Commercial Portfolio Segment [Member] | ||
Non-covered loans | $ 1,227,038 | $ 1,284,945 |
Non-covered loans, percent | 57.01% | 58.76% |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | $ 56,466 | $ 44,674 |
Non-covered loans, percent | 2.62% | 2.04% |
Total loans held for investment, net of unearned income | $ 56,466 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | $ 133,923 | $ 173,024 |
Non-covered loans, percent | 6.22% | 7.91% |
Total loans held for investment, net of unearned income | $ 106,993 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered loans | $ 100,444 | $ 115,161 |
Non-covered loans, percent | 4.67% | 5.27% |
Total loans held for investment, net of unearned income | $ 100,444 | |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | $ 196,946 | $ 187,783 |
Non-covered loans, percent | 9.15% | 8.59% |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | $ 711,861 | $ 734,793 |
Non-covered loans, percent | 33.08% | 33.60% |
Total loans held for investment, net of unearned income | $ 711,861 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered loans | $ 9,784 | $ 9,749 |
Non-covered loans, percent | 0.45% | 0.45% |
Total loans held for investment, net of unearned income | $ 9,784 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered loans | $ 17,614 | $ 19,761 |
Non-covered loans, percent | 0.82% | 0.90% |
Total loans held for investment, net of unearned income | $ 17,614 | |
Consumer Real Estate Portfolio Segment [Member] | ||
Non-covered loans | $ 793,560 | $ 775,300 |
Non-covered loans, percent | 36.88% | 35.46% |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered loans | $ 83,079 | $ 96,526 |
Non-covered loans, percent | 3.86% | 4.41% |
Total loans held for investment, net of unearned income | $ 83,079 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | $ 684,930 | $ 661,054 |
Non-covered loans, percent | 31.83% | 30.24% |
Total loans held for investment, net of unearned income | $ 881,876 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | $ 25,551 | $ 17,720 |
Non-covered loans, percent | 1.19% | 0.81% |
Total loans held for investment, net of unearned income | $ 25,551 | |
Consumer and Other Portfolio Segment [Member] | ||
Non-covered loans | $ 131,505 | $ 126,387 |
Non-covered loans, percent | 6.11% | 5.78% |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered loans | $ 126,578 | $ 120,373 |
Non-covered loans, percent | 5.88% | 5.50% |
Total loans held for investment, net of unearned income | $ 131,505 | |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | ||
Non-covered loans | $ 4,927 | $ 6,014 |
Non-covered loans, percent | 0.23% | 0.28% |
Note 3 - Loans - PCI loans (Det
Note 3 - Loans - PCI loans (Details) - Financial Asset Acquired with Credit Deterioration [Member] $ in Thousands | Dec. 31, 2020USD ($) |
PCI loans, recorded investment | $ 39,662 |
PCI loans, unpaid principal balance | 47,514 |
Peoples Bank of Virginia [Member] | |
PCI loans, recorded investment | 0 |
PCI loans, unpaid principal balance | 0 |
Waccamaw Bank [Member] | |
PCI loans, recorded investment | 0 |
PCI loans, unpaid principal balance | 0 |
Highlands [Member] | |
PCI loans, recorded investment | 39,662 |
PCI loans, unpaid principal balance | 47,514 |
Other Receivables [Member] | |
PCI loans, recorded investment | 0 |
PCI loans, unpaid principal balance | $ 0 |
Note 3 - Loans - Activity in Ac
Note 3 - Loans - Activity in Accretable Yield on PCI loans (Details) $ in Thousands | 9 Months Ended | |
Sep. 30, 2020USD ($) | ||
Beginning balance | $ 22,616 | |
Accretion | (1,952) | |
Reclassifications (to) from nonaccretable difference | 0 | [1] |
Other changes, net | (14,464) | |
Ending balance | 6,200 | |
Peoples Bank of Virginia [Member] | ||
Beginning balance | 1,890 | |
Accretion | 0 | |
Reclassifications (to) from nonaccretable difference | 0 | [1] |
Other changes, net | (1,890) | |
Ending balance | 0 | |
Waccamaw Bank [Member] | ||
Beginning balance | 12,574 | |
Accretion | 0 | |
Reclassifications (to) from nonaccretable difference | 0 | [1] |
Other changes, net | (12,574) | |
Ending balance | 0 | |
Highlands [Member] | ||
Beginning balance | 8,152 | |
Accretion | (1,952) | |
Reclassifications (to) from nonaccretable difference | 0 | [1] |
Other changes, net | 0 | |
Ending balance | $ 6,200 | |
[1] | Represents changes attributable to expected loss assumptions |
Note 4 - Credit Quality (Detail
Note 4 - Credit Quality (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021USD ($) | Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Dec. 31, 2020USD ($) | ||
Financing Receivable, Covered, before Allowance for Credit Loss, Total | [1] | $ 9,680 | |||
Financing Receivable, Collectively Evaluated for Impairment | 2,138,921 | ||||
Loans Deemed to be Impaired, Threshold | 500 | ||||
Financing Receivable, Nonaccrual, Interest Income | $ 14 | $ 38 | |||
Financing Receivable, Nonaccrual | 22,067 | $ 22,067 | 22,003 | ||
Performing Status Returned Period (Month) | 6 months | ||||
Financing Receivable, Number of Loans Modified During Period | 3,958 | ||||
Financing Receivable, Loans Modified During Period | $ 472,430 | ||||
Financing Receivable, Deferred Payments | $ 4,710 | $ 4,710 | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 1 | 1 | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 1,370 | $ 100 | |||
Impaired Loans [Member] | |||||
Financing Receivable, Collectively Evaluated for Impairment | 31,180 | ||||
Covered Loans [Member] | |||||
Financing Receivable, Nonaccrual | 297 | ||||
Non-covered Loans [Member] | |||||
Financing Receivable, 90 Days or More Past Due, Still Accruing | $ 295 | ||||
[1] | Derived from audited financial statements |
Note 4 - Credit Quality - Loans
Note 4 - Credit Quality - Loans by Credit Quality (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Total loans held for investment, net of unearned income | $ 2,152,103 | $ 2,186,632 |
Originated in 2021 | 439,392 | |
Originated in 2020 | 497,970 | |
Originated in 2019 | 188,734 | |
Originated in 2018 | 151,257 | |
Originated in 2017 | 139,963 | |
Prior | 620,685 | |
Revolving | 114,102 | |
Total loans held for investment, net of unearned income | 2,152,103 | 2,186,632 |
Pass [Member] | ||
Total loans held for investment, net of unearned income | 2,017,256 | 1,912,637 |
Originated in 2021 | 435,605 | |
Originated in 2020 | 491,710 | |
Originated in 2019 | 178,459 | |
Originated in 2018 | 141,224 | |
Originated in 2017 | 115,874 | |
Prior | 543,662 | |
Revolving | 110,722 | |
Total loans held for investment, net of unearned income | 2,017,256 | 1,912,637 |
Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 57,306 | 165,994 |
Originated in 2021 | 882 | |
Originated in 2020 | 4,313 | |
Originated in 2019 | 2,503 | |
Originated in 2018 | 3,889 | |
Originated in 2017 | 14,208 | |
Prior | 30,404 | |
Revolving | 1,107 | |
Total loans held for investment, net of unearned income | 57,306 | 165,994 |
Substandard [Member] | ||
Total loans held for investment, net of unearned income | 77,531 | 107,989 |
Originated in 2021 | 2,905 | |
Originated in 2020 | 1,947 | |
Originated in 2019 | 7,772 | |
Originated in 2018 | 6,144 | |
Originated in 2017 | 9,881 | |
Prior | 46,609 | |
Revolving | 2,273 | |
Total loans held for investment, net of unearned income | 77,531 | 107,989 |
Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 10 | 12 |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 10 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 10 | 12 |
Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | 0 |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Non-covered loans | 1,227,038 | 1,284,945 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 56,466 | 44,674 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 133,923 | 173,209 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 100,444 | 115,161 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | 196,946 | 187,598 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 711,861 | 734,793 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered loans | 9,784 | 9,749 |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered loans | 17,614 | 19,761 |
Commercial Portfolio Segment [Member] | Pass [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 54,228 | 36,934 |
Commercial Portfolio Segment [Member] | Pass [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 127,972 | 160,625 |
Commercial Portfolio Segment [Member] | Pass [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 92,782 | 103,291 |
Commercial Portfolio Segment [Member] | Pass [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | 182,006 | 165,146 |
Commercial Portfolio Segment [Member] | Pass [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 653,550 | 568,438 |
Commercial Portfolio Segment [Member] | Pass [Member] | Agricultural [Member] | ||
Non-covered loans | 9,006 | 7,724 |
Commercial Portfolio Segment [Member] | Pass [Member] | Farmland [Member] | ||
Non-covered loans | 13,032 | 13,527 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 1,151 | 4,975 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 1,270 | 7,065 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 6,115 | 8,586 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | 4,931 | 9,602 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 39,020 | 125,907 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Agricultural [Member] | ||
Non-covered loans | 149 | 1,686 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Farmland [Member] | ||
Non-covered loans | 1,069 | 2,597 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 1,087 | 2,765 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 4,681 | 5,519 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 1,547 | 3,284 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | 9,999 | 12,838 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 19,291 | 40,448 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Agricultural [Member] | ||
Non-covered loans | 629 | 339 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Farmland [Member] | ||
Non-covered loans | 3,513 | 3,637 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | 10 | 12 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Agricultural [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Farmland [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Agricultural [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Farmland [Member] | ||
Non-covered loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 56,466 | 44,674 |
Total loans held for investment, net of unearned income | 56,466 | |
Originated in 2021 | 28,542 | |
Originated in 2020 | 9,746 | |
Originated in 2019 | 3,816 | |
Originated in 2018 | 4,055 | |
Originated in 2017 | 2,529 | |
Prior | 7,388 | |
Revolving | 390 | |
Total loans held for investment, net of unearned income | 56,466 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Pass [Member] | ||
Total loans held for investment, net of unearned income | 54,228 | |
Originated in 2021 | 28,542 | |
Originated in 2020 | 9,501 | |
Originated in 2019 | 3,687 | |
Originated in 2018 | 3,908 | |
Originated in 2017 | 1,564 | |
Prior | 6,672 | |
Revolving | 354 | |
Total loans held for investment, net of unearned income | 54,228 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 1,151 | |
Originated in 2021 | 0 | |
Originated in 2020 | 245 | |
Originated in 2019 | 0 | |
Originated in 2018 | 136 | |
Originated in 2017 | 684 | |
Prior | 50 | |
Revolving | 36 | |
Total loans held for investment, net of unearned income | 1,151 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Substandard [Member] | ||
Total loans held for investment, net of unearned income | 1,087 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 129 | |
Originated in 2018 | 11 | |
Originated in 2017 | 281 | |
Prior | 666 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 1,087 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 133,923 | 173,024 |
Total loans held for investment, net of unearned income | 106,993 | |
Originated in 2021 | 23,999 | |
Originated in 2020 | 21,547 | |
Originated in 2019 | 16,664 | |
Originated in 2018 | 15,714 | |
Originated in 2017 | 6,927 | |
Prior | 4,987 | |
Revolving | 17,155 | |
Total loans held for investment, net of unearned income | 106,993 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Total loans held for investment, net of unearned income | 26,930 | |
Originated in 2021 | 22,680 | |
Originated in 2020 | 4,250 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 26,930 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Pass [Member] | ||
Total loans held for investment, net of unearned income | 101,042 | |
Originated in 2021 | 23,780 | |
Originated in 2020 | 21,186 | |
Originated in 2019 | 15,178 | |
Originated in 2018 | 15,115 | |
Originated in 2017 | 5,599 | |
Prior | 3,641 | |
Revolving | 16,543 | |
Total loans held for investment, net of unearned income | 101,042 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Pass [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Total loans held for investment, net of unearned income | 26,930 | |
Originated in 2021 | 22,680 | |
Originated in 2020 | 4,250 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 26,930 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 1,270 | |
Originated in 2021 | 32 | |
Originated in 2020 | 165 | |
Originated in 2019 | 653 | |
Originated in 2018 | 209 | |
Originated in 2017 | 86 | |
Prior | 30 | |
Revolving | 95 | |
Total loans held for investment, net of unearned income | 1,270 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Special Mention [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Substandard [Member] | ||
Total loans held for investment, net of unearned income | 4,681 | |
Originated in 2021 | 187 | |
Originated in 2020 | 196 | |
Originated in 2019 | 833 | |
Originated in 2018 | 390 | |
Originated in 2017 | 1,242 | |
Prior | 1,316 | |
Revolving | 517 | |
Total loans held for investment, net of unearned income | 4,681 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Substandard [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Doubtful [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Unlikely to be Collected Financing Receivable [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 100,444 | 115,161 |
Total loans held for investment, net of unearned income | 100,444 | |
Originated in 2021 | 8,913 | |
Originated in 2020 | 25,468 | |
Originated in 2019 | 4,774 | |
Originated in 2018 | 1,960 | |
Originated in 2017 | 8,315 | |
Prior | 50,080 | |
Revolving | 934 | |
Total loans held for investment, net of unearned income | 100,444 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Pass [Member] | ||
Total loans held for investment, net of unearned income | 92,782 | |
Originated in 2021 | 8,908 | |
Originated in 2020 | 25,468 | |
Originated in 2019 | 4,774 | |
Originated in 2018 | 1,960 | |
Originated in 2017 | 4,972 | |
Prior | 45,766 | |
Revolving | 934 | |
Total loans held for investment, net of unearned income | 92,782 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 6,115 | |
Originated in 2021 | 5 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 2,663 | |
Prior | 3,447 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 6,115 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Substandard [Member] | ||
Total loans held for investment, net of unearned income | 1,547 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 680 | |
Prior | 867 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 1,547 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 711,861 | 734,793 |
Total loans held for investment, net of unearned income | 711,861 | |
Originated in 2021 | 104,262 | |
Originated in 2020 | 154,021 | |
Originated in 2019 | 67,985 | |
Originated in 2018 | 68,197 | |
Originated in 2017 | 70,776 | |
Prior | 232,225 | |
Revolving | 14,395 | |
Total loans held for investment, net of unearned income | 711,861 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Pass [Member] | ||
Total loans held for investment, net of unearned income | 653,550 | |
Originated in 2021 | 102,761 | |
Originated in 2020 | 149,981 | |
Originated in 2019 | 64,144 | |
Originated in 2018 | 62,563 | |
Originated in 2017 | 56,696 | |
Prior | 203,387 | |
Revolving | 14,018 | |
Total loans held for investment, net of unearned income | 653,550 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 39,020 | |
Originated in 2021 | 386 | |
Originated in 2020 | 3,351 | |
Originated in 2019 | 852 | |
Originated in 2018 | 2,778 | |
Originated in 2017 | 9,276 | |
Prior | 22,227 | |
Revolving | 150 | |
Total loans held for investment, net of unearned income | 39,020 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Substandard [Member] | ||
Total loans held for investment, net of unearned income | 19,291 | |
Originated in 2021 | 1,115 | |
Originated in 2020 | 689 | |
Originated in 2019 | 2,989 | |
Originated in 2018 | 2,856 | |
Originated in 2017 | 4,804 | |
Prior | 6,611 | |
Revolving | 227 | |
Total loans held for investment, net of unearned income | 19,291 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered loans | 9,784 | 9,749 |
Total loans held for investment, net of unearned income | 9,784 | |
Originated in 2021 | 4,413 | |
Originated in 2020 | 1,865 | |
Originated in 2019 | 1,551 | |
Originated in 2018 | 667 | |
Originated in 2017 | 433 | |
Prior | 421 | |
Revolving | 434 | |
Total loans held for investment, net of unearned income | 9,784 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Pass [Member] | ||
Total loans held for investment, net of unearned income | 9,006 | |
Originated in 2021 | 4,326 | |
Originated in 2020 | 1,825 | |
Originated in 2019 | 1,152 | |
Originated in 2018 | 612 | |
Originated in 2017 | 379 | |
Prior | 278 | |
Revolving | 434 | |
Total loans held for investment, net of unearned income | 9,006 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 149 | |
Originated in 2021 | 44 | |
Originated in 2020 | 29 | |
Originated in 2019 | 26 | |
Originated in 2018 | 8 | |
Originated in 2017 | 32 | |
Prior | 10 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 149 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member] | ||
Total loans held for investment, net of unearned income | 629 | |
Originated in 2021 | 43 | |
Originated in 2020 | 11 | |
Originated in 2019 | 373 | |
Originated in 2018 | 47 | |
Originated in 2017 | 22 | |
Prior | 133 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 629 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered loans | 17,614 | 19,761 |
Total loans held for investment, net of unearned income | 17,614 | |
Originated in 2021 | 652 | |
Originated in 2020 | 1,083 | |
Originated in 2019 | 1,056 | |
Originated in 2018 | 1,575 | |
Originated in 2017 | 1,182 | |
Prior | 10,532 | |
Revolving | 1,534 | |
Total loans held for investment, net of unearned income | 17,614 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | Pass [Member] | ||
Total loans held for investment, net of unearned income | 13,032 | |
Originated in 2021 | 632 | |
Originated in 2020 | 1,073 | |
Originated in 2019 | 86 | |
Originated in 2018 | 1,158 | |
Originated in 2017 | 508 | |
Prior | 8,041 | |
Revolving | 1,534 | |
Total loans held for investment, net of unearned income | 13,032 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 1,069 | |
Originated in 2021 | 20 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 262 | |
Originated in 2017 | 409 | |
Prior | 378 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 1,069 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | Substandard [Member] | ||
Total loans held for investment, net of unearned income | 3,513 | |
Originated in 2021 | 0 | |
Originated in 2020 | 10 | |
Originated in 2019 | 970 | |
Originated in 2018 | 155 | |
Originated in 2017 | 265 | |
Prior | 2,113 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 3,513 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Consumer Real Estate Portfolio Segment [Member] | ||
Non-covered loans | 793,560 | 775,300 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 83,079 | 96,526 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 684,930 | 661,054 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 25,551 | 17,720 |
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 78,975 | 91,712 |
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 650,705 | 623,860 |
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 25,268 | 17,232 |
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 1,049 | 1,488 |
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 2,535 | 3,859 |
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 0 | 201 |
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 3,055 | 3,326 |
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 31,690 | 33,335 |
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 283 | 287 |
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 83,079 | 96,526 |
Total loans held for investment, net of unearned income | 83,079 | |
Originated in 2021 | 199 | |
Originated in 2020 | 1 | |
Originated in 2019 | 26 | |
Originated in 2018 | 286 | |
Originated in 2017 | 108 | |
Prior | 6,693 | |
Revolving | 75,766 | |
Total loans held for investment, net of unearned income | 83,079 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Pass [Member] | ||
Total loans held for investment, net of unearned income | 78,975 | |
Originated in 2021 | 199 | |
Originated in 2020 | 1 | |
Originated in 2019 | 0 | |
Originated in 2018 | 26 | |
Originated in 2017 | 0 | |
Prior | 5,259 | |
Revolving | 73,490 | |
Total loans held for investment, net of unearned income | 78,975 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 1,049 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 124 | |
Originated in 2017 | 0 | |
Prior | 100 | |
Revolving | 825 | |
Total loans held for investment, net of unearned income | 1,049 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Substandard [Member] | ||
Total loans held for investment, net of unearned income | 3,055 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 26 | |
Originated in 2018 | 136 | |
Originated in 2017 | 108 | |
Prior | 1,334 | |
Revolving | 1,451 | |
Total loans held for investment, net of unearned income | 3,055 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 684,930 | 661,054 |
Total loans held for investment, net of unearned income | 881,876 | |
Originated in 2021 | 186,076 | |
Originated in 2020 | 229,840 | |
Originated in 2019 | 69,339 | |
Originated in 2018 | 51,436 | |
Originated in 2017 | 47,021 | |
Prior | 296,975 | |
Revolving | 1,189 | |
Total loans held for investment, net of unearned income | 881,876 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Pass [Member] | ||
Total loans held for investment, net of unearned income | 832,711 | |
Originated in 2021 | 184,220 | |
Originated in 2020 | 228,685 | |
Originated in 2019 | 66,797 | |
Originated in 2018 | 48,592 | |
Originated in 2017 | 43,567 | |
Prior | 259,661 | |
Revolving | 1,189 | |
Total loans held for investment, net of unearned income | 832,711 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 7,466 | |
Originated in 2021 | 395 | |
Originated in 2020 | 523 | |
Originated in 2019 | 956 | |
Originated in 2018 | 372 | |
Originated in 2017 | 1,058 | |
Prior | 4,162 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 7,466 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Substandard [Member] | ||
Total loans held for investment, net of unearned income | 41,689 | |
Originated in 2021 | 1,461 | |
Originated in 2020 | 632 | |
Originated in 2019 | 1,586 | |
Originated in 2018 | 2,472 | |
Originated in 2017 | 2,396 | |
Prior | 33,142 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 41,689 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 10 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 10 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 10 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 25,551 | 17,720 |
Total loans held for investment, net of unearned income | 25,551 | |
Originated in 2021 | 6,327 | |
Originated in 2020 | 12,978 | |
Originated in 2019 | 2,350 | |
Originated in 2018 | 1,448 | |
Originated in 2017 | 316 | |
Prior | 2,132 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 25,551 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Pass [Member] | ||
Total loans held for investment, net of unearned income | 25,268 | |
Originated in 2021 | 6,327 | |
Originated in 2020 | 12,978 | |
Originated in 2019 | 2,350 | |
Originated in 2018 | 1,448 | |
Originated in 2017 | 316 | |
Prior | 1,849 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 25,268 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Substandard [Member] | ||
Total loans held for investment, net of unearned income | 283 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 283 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 283 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Consumer and Other Portfolio Segment [Member] | ||
Non-covered loans | 131,505 | 126,387 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered loans | 126,578 | 120,373 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | ||
Non-covered loans | 4,927 | 6,014 |
Consumer and Other Portfolio Segment [Member] | Pass [Member] | Consumer Loans [Member] | ||
Non-covered loans | 124,805 | 118,134 |
Consumer and Other Portfolio Segment [Member] | Pass [Member] | Other Loan [Member] | ||
Non-covered loans | 4,927 | 6,014 |
Consumer and Other Portfolio Segment [Member] | Special Mention [Member] | Consumer Loans [Member] | ||
Non-covered loans | 17 | 28 |
Consumer and Other Portfolio Segment [Member] | Special Mention [Member] | Other Loan [Member] | ||
Non-covered loans | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Substandard [Member] | Consumer Loans [Member] | ||
Non-covered loans | 1,756 | 2,211 |
Consumer and Other Portfolio Segment [Member] | Substandard [Member] | Other Loan [Member] | ||
Non-covered loans | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Doubtful [Member] | Consumer Loans [Member] | ||
Non-covered loans | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Doubtful [Member] | Other Loan [Member] | ||
Non-covered loans | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Consumer Loans [Member] | ||
Non-covered loans | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Other Loan [Member] | ||
Non-covered loans | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered loans | 126,578 | $ 120,373 |
Total loans held for investment, net of unearned income | 131,505 | |
Originated in 2021 | 53,329 | |
Originated in 2020 | 37,171 | |
Originated in 2019 | 21,173 | |
Originated in 2018 | 5,919 | |
Originated in 2017 | 2,356 | |
Prior | 9,252 | |
Revolving | 2,305 | |
Total loans held for investment, net of unearned income | 131,505 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Pass [Member] | ||
Total loans held for investment, net of unearned income | 129,732 | |
Originated in 2021 | 53,230 | |
Originated in 2020 | 36,762 | |
Originated in 2019 | 20,291 | |
Originated in 2018 | 5,842 | |
Originated in 2017 | 2,273 | |
Prior | 9,108 | |
Revolving | 2,226 | |
Total loans held for investment, net of unearned income | 129,732 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Special Mention [Member] | ||
Total loans held for investment, net of unearned income | 17 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 16 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 1 | |
Total loans held for investment, net of unearned income | 17 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Substandard [Member] | ||
Total loans held for investment, net of unearned income | 1,756 | |
Originated in 2021 | 99 | |
Originated in 2020 | 409 | |
Originated in 2019 | 866 | |
Originated in 2018 | 77 | |
Originated in 2017 | 83 | |
Prior | 144 | |
Revolving | 78 | |
Total loans held for investment, net of unearned income | 1,756 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Doubtful [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | 0 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Total loans held for investment, net of unearned income | 0 | |
Originated in 2021 | 0 | |
Originated in 2020 | 0 | |
Originated in 2019 | 0 | |
Originated in 2018 | 0 | |
Originated in 2017 | 0 | |
Prior | 0 | |
Revolving | 0 | |
Total loans held for investment, net of unearned income | $ 0 |
Note 4 - Credit Quality - Recor
Note 4 - Credit Quality - Recorded Investment and Interest Income Recognized on Impaired Loans Excluding Purchased Credit Impaired Loans (Details) $ in Thousands | Dec. 31, 2020USD ($) | |
Impaired loans with no related allowance, recorded investment | $ 37,819 | |
Impaired loans with no related allowance, unpaid principal balance | 43,847 | |
Impaired loans with a related allowance, recorded investment | 1,406 | |
Impaired loans with a related allowance, unpaid principal balance | 1,459 | |
Impaired loans, related allowance | 427 | [1] |
Total impaired loans, recorded investment | 39,225 | [1] |
Total impaired loans, unpaid principal balance | 45,306 | [1] |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Impaired loans with no related allowance, recorded investment | 616 | |
Impaired loans with no related allowance, unpaid principal balance | 891 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Impaired loans with no related allowance, recorded investment | 2,341 | |
Impaired loans with no related allowance, unpaid principal balance | 2,392 | |
Impaired loans with a related allowance, recorded investment | 0 | |
Impaired loans with a related allowance, unpaid principal balance | 0 | |
Impaired loans, related allowance | 0 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Impaired loans with no related allowance, recorded investment | 946 | |
Impaired loans with no related allowance, unpaid principal balance | 1,593 | |
Impaired loans with a related allowance, recorded investment | 0 | |
Impaired loans with a related allowance, unpaid principal balance | 0 | |
Impaired loans, related allowance | 0 | |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Impaired loans with no related allowance, recorded investment | 4,816 | |
Impaired loans with no related allowance, unpaid principal balance | 5,785 | |
Impaired loans with a related allowance, recorded investment | 0 | |
Impaired loans with a related allowance, unpaid principal balance | 0 | |
Impaired loans, related allowance | 0 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Impaired loans with no related allowance, recorded investment | 8,238 | |
Impaired loans with no related allowance, unpaid principal balance | 9,467 | |
Impaired loans with a related allowance, recorded investment | 1,068 | |
Impaired loans with a related allowance, unpaid principal balance | 1,121 | |
Impaired loans, related allowance | 319 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Impaired loans with no related allowance, recorded investment | 218 | |
Impaired loans with no related allowance, unpaid principal balance | 226 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Impaired loans with no related allowance, recorded investment | 1,228 | |
Impaired loans with no related allowance, unpaid principal balance | 1,311 | |
Impaired loans with a related allowance, recorded investment | 0 | |
Impaired loans with a related allowance, unpaid principal balance | 0 | |
Impaired loans, related allowance | 0 | |
Commercial Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Impaired loans with a related allowance, recorded investment | 338 | |
Impaired loans with a related allowance, unpaid principal balance | 338 | |
Impaired loans, related allowance | 108 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Impaired loans with no related allowance, recorded investment | 1,604 | |
Impaired loans with no related allowance, unpaid principal balance | 1,772 | |
Impaired loans with a related allowance, recorded investment | 0 | |
Impaired loans with a related allowance, unpaid principal balance | 0 | |
Impaired loans, related allowance | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Impaired loans with no related allowance, recorded investment | 16,778 | |
Impaired loans with no related allowance, unpaid principal balance | 19,361 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Impaired loans with no related allowance, recorded investment | 216 | |
Impaired loans with no related allowance, unpaid principal balance | 216 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Impaired loans with no related allowance, recorded investment | 818 | |
Impaired loans with no related allowance, unpaid principal balance | 833 | |
Impaired loans with a related allowance, recorded investment | 0 | |
Impaired loans with a related allowance, unpaid principal balance | 0 | |
Impaired loans, related allowance | $ 0 | |
[1] | Total recorded investment of impaired loans include loans totaling $31.18 million as of December 31, 2020, that do not meet the Company's evaluation threshold of $500 thousand for individual impairment and are therefore collectively evaluated for impairment. |
Note 4 - Credit Quality - Avera
Note 4 - Credit Quality - Average Annual Recorded Investment and Interest Income Recognized on Impaired Loans Excluding Purchased Credit Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2020 | Sep. 30, 2020 | |
Impaired loans with no related allowance, interest income recognized | $ 353 | $ 1,051 |
Impaired loans with no related allowance, average recorded investment | 38,716 | 37,879 |
Impaired loans with a related allowance, interest income recognized | 11 | 49 |
Impaired loans with a related allowance, average recorded investment | 4,156 | 4,093 |
Total impaired loans | 364 | 1,100 |
Total impaired loans, average recorded investment | 42,872 | 41,972 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Impaired loans with no related allowance, interest income recognized | 6 | 21 |
Impaired loans with no related allowance, average recorded investment | 882 | 1,021 |
Impaired loans with a related allowance, interest income recognized | 0 | 0 |
Impaired loans with a related allowance, average recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Impaired loans with no related allowance, interest income recognized | 46 | 135 |
Impaired loans with no related allowance, average recorded investment | 3,315 | 2,845 |
Impaired loans with a related allowance, interest income recognized | 0 | 0 |
Impaired loans with a related allowance, average recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Impaired loans with no related allowance, interest income recognized | 9 | 38 |
Impaired loans with no related allowance, average recorded investment | 967 | 685 |
Impaired loans with a related allowance, interest income recognized | 0 | 0 |
Impaired loans with a related allowance, average recorded investment | 944 | 943 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Impaired loans with no related allowance, interest income recognized | 54 | 126 |
Impaired loans with no related allowance, average recorded investment | 5,090 | 4,798 |
Impaired loans with a related allowance, interest income recognized | 0 | 0 |
Impaired loans with a related allowance, average recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Impaired loans with no related allowance, interest income recognized | 79 | 206 |
Impaired loans with no related allowance, average recorded investment | 7,786 | 7,115 |
Impaired loans with a related allowance, interest income recognized | 8 | 22 |
Impaired loans with a related allowance, average recorded investment | 1,789 | 1,670 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Impaired loans with no related allowance, interest income recognized | 4 | 7 |
Impaired loans with no related allowance, average recorded investment | 272 | 247 |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Impaired loans with no related allowance, interest income recognized | 12 | 48 |
Impaired loans with no related allowance, average recorded investment | 1,526 | 1,640 |
Impaired loans with a related allowance, interest income recognized | 0 | 0 |
Impaired loans with a related allowance, average recorded investment | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Impaired loans with no related allowance, interest income recognized | 13 | 29 |
Impaired loans with no related allowance, average recorded investment | 1,588 | 1,569 |
Impaired loans with a related allowance, interest income recognized | 0 | 0 |
Impaired loans with a related allowance, average recorded investment | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Impaired loans with no related allowance, interest income recognized | 120 | 410 |
Impaired loans with no related allowance, average recorded investment | 16,328 | 17,044 |
Impaired loans with a related allowance, interest income recognized | 3 | 27 |
Impaired loans with a related allowance, average recorded investment | 1,423 | 1,480 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Impaired loans with no related allowance, interest income recognized | 2 | 12 |
Impaired loans with no related allowance, average recorded investment | 542 | 470 |
Impaired loans with a related allowance, interest income recognized | 0 | 0 |
Impaired loans with a related allowance, average recorded investment | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Impaired loans with no related allowance, interest income recognized | 8 | 19 |
Impaired loans with no related allowance, average recorded investment | $ 420 | $ 445 |
Note 4 - Credit Quality - Nonac
Note 4 - Credit Quality - Nonaccrual Loans by Loan Class (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Total nonaccrual loans | $ 22,067 | $ 22,003 |
Loans With No Allowance [Member] | ||
Total nonaccrual loans | 19,468 | |
Loans With an Allowance [Member] | ||
Total nonaccrual loans | 2,599 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Total nonaccrual loans | 385 | 244 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 385 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Total nonaccrual loans | 1,933 | 895 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 1,933 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Total nonaccrual loans | 251 | 946 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 251 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Total nonaccrual loans | 2,759 | 2,990 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 2,759 | |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Total nonaccrual loans | 5,726 | 6,343 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 3,127 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 2,599 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Total nonaccrual loans | 221 | 217 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 221 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Total nonaccrual loans | 222 | 489 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 222 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Total nonaccrual loans | 702 | 1,122 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 702 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Total nonaccrual loans | 9,086 | 7,976 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 9,086 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Total nonaccrual loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Total nonaccrual loans | 782 | $ 781 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 782 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | $ 0 |
Note 4 - Credit Quality - Aging
Note 4 - Credit Quality - Aging of Past Due Loans by Loan Class (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Total loans held for investment, net of unearned income | $ 2,152,103 | $ 2,186,632 |
Amortized Cost of > 90 Days Accruing No Allowance, Total | 5 | |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Total loans held for investment, net of unearned income | 9,743 | 12,135 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Total loans held for investment, net of unearned income | 4,693 | 4,594 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Total loans held for investment, net of unearned income | 10,301 | 12,905 |
Financial Asset, Past Due [Member] | ||
Total loans held for investment, net of unearned income | 24,737 | 29,634 |
Financial Asset, Not Past Due [Member] | ||
Total loans held for investment, net of unearned income | 2,127,366 | 2,156,998 |
Commercial Portfolio Segment [Member] | ||
Non-covered | 1,227,038 | 1,284,945 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered | 56,466 | 44,674 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Total loans held for investment, net of unearned income | 56,466 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 80 | 1,039 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 9 | 0 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 381 | 235 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 470 | 1,274 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 55,996 | 43,400 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered | 133,923 | 173,024 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Total loans held for investment, net of unearned income | 106,993 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 534 | 669 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 197 | 230 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,309 | 700 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 2,040 | 1,599 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 131,883 | 171,425 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered | 100,444 | 115,161 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Total loans held for investment, net of unearned income | 100,444 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 103 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 98 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 35 | 946 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 133 | 1,049 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 100,311 | 114,112 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered | 196,946 | 187,783 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 454 | 925 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 354 | 488 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,234 | 2,144 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 2,042 | 3,557 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 194,904 | 184,226 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered | 711,861 | 734,793 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Total loans held for investment, net of unearned income | 711,861 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,199 | 601 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,577 | 296 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 2,430 | 3,368 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 5,206 | 4,265 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 706,655 | 730,528 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered | 9,784 | 9,749 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Total loans held for investment, net of unearned income | 9,784 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 31 | 70 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 19 | 189 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 181 | 88 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 231 | 347 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 9,553 | 9,402 |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered | 17,614 | 19,761 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Total loans held for investment, net of unearned income | 17,614 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 43 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 7 | 0 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 222 | 457 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 229 | 500 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 17,385 | 19,261 |
Consumer Real Estate Portfolio Segment [Member] | ||
Non-covered | 793,560 | 775,300 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered | 83,079 | 96,526 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Total loans held for investment, net of unearned income | 83,079 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 555 | 649 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 87 | 380 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 452 | 425 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,094 | 1,454 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 81,985 | 95,072 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered | 684,930 | 661,054 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Total loans held for investment, net of unearned income | 881,876 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 4,137 | 5,317 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,584 | 2,265 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 3,694 | 3,891 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 9,415 | 11,473 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 675,515 | 649,581 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered | 25,551 | 17,720 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Total loans held for investment, net of unearned income | 25,551 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 82 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 82 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 25,551 | 17,638 |
Consumer and Other Portfolio Segment [Member] | ||
Non-covered | 131,505 | 126,387 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered | 126,578 | 120,373 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 5 | |
Total loans held for investment, net of unearned income | 131,505 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 2,753 | 2,637 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 761 | 746 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 363 | 651 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 3,877 | 4,034 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 122,701 | 116,339 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | ||
Non-covered | 4,927 | 6,014 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | $ 4,927 | $ 6,014 |
Note 4 - Credit Quality - Colla
Note 4 - Credit Quality - Collateral Dependent Loans (Details) $ in Thousands | Sep. 30, 2021USD ($) |
Collateral dependent loans | $ 2,992 |
Collateral coverage | $ 2,992 |
Collateral coverage percentage | 100.00% |
Commercial Real Estate, Hotel 1 [Member] | |
Collateral dependent loans | $ 0 |
Collateral coverage | $ 0 |
Collateral coverage percentage | 0.00% |
Commercial Real Estate, Office [Member] | |
Collateral dependent loans | $ 0 |
Collateral coverage | $ 0 |
Collateral coverage percentage | 0.00% |
Commercial Real Estate, Other [Member] | |
Collateral dependent loans | $ 2,769 |
Collateral coverage | $ 2,769 |
Collateral coverage percentage | 100.00% |
Commercial Real Estate, Retail [Member] | |
Collateral dependent loans | $ 0 |
Collateral coverage | $ 0 |
Collateral coverage percentage | 0.00% |
Multi-family, Industrial [Member] | |
Collateral dependent loans | $ 0 |
Collateral coverage | $ 0 |
Collateral coverage percentage | 0.00% |
Multi-family, Office [Member] | |
Collateral dependent loans | $ 0 |
Collateral coverage | $ 0 |
Collateral coverage percentage | 0.00% |
Multi-family, Other [Member] | |
Collateral dependent loans | $ 0 |
Collateral coverage | $ 0 |
Collateral coverage percentage | 0.00% |
Commercial and Industrial, Industrial [Member] | |
Collateral dependent loans | $ 0 |
Collateral coverage | $ 0 |
Collateral coverage percentage | 0.00% |
Commercial and Industrial, Other [Member] | |
Collateral dependent loans | $ 0 |
Collateral coverage | $ 0 |
Collateral coverage percentage | 0.00% |
Consumer Owner Occupied, Other [Member] | |
Collateral dependent loans | $ 40 |
Collateral coverage | $ 40 |
Collateral coverage percentage | 100.00% |
Consumer, Other [Member] | |
Collateral dependent loans | $ 183 |
Collateral coverage | $ 183 |
Collateral coverage percentage | 100.00% |
Note 4 - Credit Quality - Loa_2
Note 4 - Credit Quality - Loans Modified as Troubled Debt Restructurings by Loan Class and Accrual Status (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | |
Nonaccrual | [1] | $ 3,604 | $ 1,814 |
Accrual | 8,185 | 10,248 | |
TDRs | 11,789 | 12,062 | |
Allowance for credit losses related to TDRs | 154 | 0 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | |||
Nonaccrual | [1] | 0 | 0 |
Accrual | 213 | 0 | |
TDRs | 213 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Nonaccrual | [1] | 405 | 0 |
Accrual | 495 | 1,326 | |
TDRs | 900 | 1,326 | |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | |||
Nonaccrual | [1] | 871 | 1,585 |
Accrual | 356 | 1,265 | |
TDRs | 1,227 | 2,850 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | |||
Nonaccrual | [1] | 1,369 | 0 |
Accrual | 2,049 | 2,407 | |
TDRs | 3,418 | 2,407 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | |||
Nonaccrual | [1] | 0 | 0 |
Accrual | 69 | 77 | |
TDRs | 69 | 77 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | |||
Nonaccrual | [1] | 959 | 229 |
Accrual | 4,975 | 4,927 | |
TDRs | 5,934 | 5,156 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | |||
Nonaccrual | [1] | 0 | 0 |
Accrual | 0 | 216 | |
TDRs | 0 | 216 | |
Consumer and Other Portfolio Segment [Member] | |||
TDRs | 30 | ||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | |||
Nonaccrual | [1] | 0 | 0 |
Accrual | 28 | $ 30 | |
TDRs | $ 28 | ||
[1] | Nonaccrual TDRs are included in total nonaccrual loans disclosed in the nonaccrual table above. |
Note 4 - Credit Quality - Balan
Note 4 - Credit Quality - Balance and Interest Income Related to Impaired Loan Pools (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Interest income recognized | $ 364 | $ 1,100 | ||
Troubled Debt Restructurings [Member] | Purchased Credit Impaired Loans [Member] | ||||
Interest income recognized | $ 92 | $ 122 | $ 290 | $ 372 |
Note 4 - Credit Quality - Loa_3
Note 4 - Credit Quality - Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | ||
Total contracts | 2 | 0 | 3 | 12 | |
Pre-modification recorded investment | $ 302 | $ 0 | $ 1,692 | $ 5,207 | |
Post-modification recorded investment | [1] | 283 | 0 | $ 1,651 | $ 5,191 |
Below Market Interest Rate [Member] | |||||
Total contracts | 0 | 1 | |||
Pre-modification recorded investment | $ 0 | $ 50 | |||
Post-modification recorded investment | $ 0 | $ 50 | |||
Below Market Interest Rate [Member] | Single Family Non-owner Occupied [Member] | |||||
Total contracts | 0 | 1 | |||
Pre-modification recorded investment | $ 0 | $ 50 | |||
Post-modification recorded investment | $ 0 | $ 50 | |||
Below Market Interest Rate [Member] | Single Family Owner Occupied [Member] | |||||
Pre-modification recorded investment | 0 | 0 | |||
Post-modification recorded investment | [1] | $ 0 | $ 0 | ||
Below Market Interest Rate and Extended Payment Term [Member] | |||||
Total contracts | 2 | 0 | 2 | 0 | |
Pre-modification recorded investment | $ 302 | $ 0 | $ 302 | $ 0 | |
Post-modification recorded investment | [1] | $ 283 | $ 0 | $ 283 | $ 0 |
Below Market Interest Rate and Extended Payment Term [Member] | Single Family Non-owner Occupied [Member] | |||||
Total contracts | 0 | 0 | 0 | 0 | |
Pre-modification recorded investment | $ 0 | $ 0 | |||
Post-modification recorded investment | [1] | $ 0 | $ 0 | ||
Below Market Interest Rate and Extended Payment Term [Member] | Single Family Owner Occupied [Member] | |||||
Total contracts | 2 | 0 | 2 | 0 | |
Pre-modification recorded investment | $ 302 | $ 0 | $ 302 | $ 0 | |
Post-modification recorded investment | [1] | $ 283 | $ 0 | $ 283 | $ 0 |
Payment Deferral [Member] | |||||
Total contracts | 0 | 0 | 1 | 11 | |
Pre-modification recorded investment | $ 0 | $ 0 | $ 1,390 | $ 5,157 | |
Post-modification recorded investment | [1] | $ 0 | $ 0 | $ 1,368 | $ 5,141 |
Payment Deferral [Member] | Single Family Non-owner Occupied [Member] | |||||
Total contracts | 0 | 0 | 0 | 1 | |
Pre-modification recorded investment | $ 0 | $ 0 | $ 0 | $ 529 | |
Post-modification recorded investment | [1] | $ 0 | $ 0 | $ 0 | $ 529 |
Payment Deferral [Member] | Single Family Owner Occupied [Member] | |||||
Total contracts | 0 | 0 | 0 | 3 | |
Pre-modification recorded investment | $ 0 | $ 0 | $ 0 | $ 742 | |
Post-modification recorded investment | [1] | $ 0 | $ 0 | $ 0 | $ 726 |
Payment Deferral [Member] | Construction, Development and Other Land [Member] | |||||
Total contracts | 0 | 0 | 0 | 1 | |
Pre-modification recorded investment | $ 0 | $ 0 | $ 0 | $ 63 | |
Post-modification recorded investment | [1] | $ 0 | $ 0 | $ 0 | $ 63 |
Payment Deferral [Member] | Commercial and Industrial [Member] | |||||
Total contracts | 0 | 0 | 0 | 3 | |
Pre-modification recorded investment | $ 0 | $ 0 | $ 0 | $ 1,708 | |
Post-modification recorded investment | [1] | $ 0 | $ 0 | $ 0 | $ 1,708 |
Payment Deferral [Member] | Non-farm, Non-residential [Member] | |||||
Total contracts | 0 | 0 | 1 | 3 | |
Pre-modification recorded investment | $ 0 | $ 0 | $ 1,390 | $ 2,115 | |
Post-modification recorded investment | [1] | $ 0 | $ 0 | $ 1,368 | $ 2,115 |
Payment Deferral [Member] | Home Equity Lines [Member] | |||||
Total contracts | 0 | 0 | |||
Pre-modification recorded investment | $ 0 | $ 0 | |||
Post-modification recorded investment | $ 0 | $ 0 | |||
[1] | Represents the loan balance immediately following modification |
Note 4 - Credit Quality - Other
Note 4 - Credit Quality - Other Real Estate Owned (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | |
OREO | $ 1,240 | $ 2,083 | |
OREO secured by residential real estate | 540 | 769 | |
Residential real estate loans in the foreclosure process | [1] | $ 3,114 | $ 4,141 |
[1] | The recorded investment in consumer mortgage loans collateralized by residential real estate that are in the process of foreclosure according to local requirements of the applicable jurisdiction |
Note 5 - Allowance for Credit_3
Note 5 - Allowance for Credit Losses - Changes in Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |||
Beginning balance | $ 31,857 | $ 23,758 | $ 26,182 | [1],[2] | $ 18,425 | |
(Recovery of) provision for credit losses | (1,394) | 4,703 | (7,625) | 12,034 | ||
Charge-offs | (1,255) | (1,563) | (4,887) | (4,429) | ||
Recoveries | 669 | 379 | 3,100 | 1,247 | ||
Net charge-offs | (586) | (1,184) | (1,787) | |||
Ending balance | 29,877 | [2] | 27,277 | 29,877 | [2] | 27,277 |
Net (charge-offs) recoveries | (3,182) | |||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | ||||||
Beginning balance | 13,107 | |||||
(Recovery of) provision for credit losses | (1,394) | |||||
Commercial Portfolio Segment [Member] | ||||||
Beginning balance | 17,704 | 13,909 | 14,661 | 10,235 | ||
(Recovery of) provision for credit losses | 1,972 | (6,286) | 6,577 | |||
Charge-offs | (407) | (501) | (2,366) | (1,647) | ||
Recoveries | 285 | 169 | 1,709 | 384 | ||
Net charge-offs | (122) | (332) | (657) | |||
Ending balance | 16,078 | 15,549 | 16,078 | 15,549 | ||
Net (charge-offs) recoveries | (1,263) | |||||
Commercial Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | ||||||
Beginning balance | 8,360 | |||||
(Recovery of) provision for credit losses | (1,504) | |||||
Consumer Real Estate Portfolio Segment [Member] | ||||||
Beginning balance | 11,055 | 7,294 | 8,951 | 6,325 | ||
(Recovery of) provision for credit losses | 1,975 | (2,845) | 2,899 | |||
Charge-offs | (195) | (188) | (253) | (430) | ||
Recoveries | 179 | 38 | 724 | 325 | ||
Net charge-offs | (16) | (150) | 471 | |||
Ending balance | 10,722 | 9,119 | 10,722 | 9,119 | ||
Net (charge-offs) recoveries | (105) | |||||
Consumer Real Estate Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | ||||||
Beginning balance | 4,145 | |||||
(Recovery of) provision for credit losses | (317) | |||||
Consumer and Other Portfolio Segment [Member] | ||||||
Beginning balance | 3,098 | 2,555 | 2,570 | 1,865 | ||
(Recovery of) provision for credit losses | 756 | 1,506 | 2,558 | |||
Charge-offs | (653) | (874) | (2,268) | (2,352) | ||
Recoveries | 205 | 172 | 667 | 538 | ||
Net charge-offs | (448) | (702) | (1,601) | |||
Ending balance | 3,077 | $ 2,609 | 3,077 | 2,609 | ||
Net (charge-offs) recoveries | $ (1,814) | |||||
Consumer and Other Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | ||||||
Beginning balance | $ 602 | |||||
(Recovery of) provision for credit losses | $ 427 | |||||
[1] | Derived from audited financial statements | |||||
[2] | Effective January 1, 2021, the Company adopted the current expected credit loss methodology ("CECL"), prior to January 1, 2021, the Company utilized the incurred credit loss methodology. |
Note 5 - Allowance for Credit_4
Note 5 - Allowance for Credit Losses - Allowance for Loan Losses and Recorded Investment in Loans, Evaluated for Impairment Excluding PCI Loans, by Loan Class (Details) $ in Thousands | Dec. 31, 2020USD ($) |
Loans individually evaluated for impairment | $ 8,049 |
Allowance for loans individually evaluated | 427 |
Loans collectively evaluated for impairment | 2,138,921 |
Allowance for loans collectively evaluated | 25,754 |
Commercial Portfolio Segment [Member] | |
Loans individually evaluated for impairment | 6,376 |
Allowance for loans individually evaluated | 319 |
Loans collectively evaluated for impairment | 1,252,765 |
Allowance for loans collectively evaluated | 14,341 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | |
Loans individually evaluated for impairment | 0 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 43,716 |
Allowance for loans collectively evaluated | 528 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |
Loans individually evaluated for impairment | 724 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 171,486 |
Allowance for loans collectively evaluated | 1,024 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | |
Loans individually evaluated for impairment | 695 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 112,852 |
Allowance for loans collectively evaluated | 1,417 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | |
Loans individually evaluated for impairment | 1,041 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 183,283 |
Allowance for loans collectively evaluated | 1,861 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | |
Loans individually evaluated for impairment | 3,916 |
Allowance for loans individually evaluated | 319 |
Loans collectively evaluated for impairment | 714,160 |
Allowance for loans collectively evaluated | 9,097 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | |
Loans individually evaluated for impairment | 0 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 9,728 |
Allowance for loans collectively evaluated | 218 |
Commercial Portfolio Segment [Member] | Farmland [Member] | |
Loans individually evaluated for impairment | 0 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 17,540 |
Allowance for loans collectively evaluated | 196 |
Consumer Real Estate Portfolio Segment [Member] | |
Loans individually evaluated for impairment | 1,673 |
Allowance for loans individually evaluated | 108 |
Loans collectively evaluated for impairment | 760,372 |
Allowance for loans collectively evaluated | 8,843 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | |
Loans individually evaluated for impairment | 0 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 95,765 |
Allowance for loans collectively evaluated | 799 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | |
Loans individually evaluated for impairment | 1,673 |
Allowance for loans individually evaluated | 108 |
Loans collectively evaluated for impairment | 647,040 |
Allowance for loans collectively evaluated | 7,849 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | |
Loans individually evaluated for impairment | 0 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 17,567 |
Allowance for loans collectively evaluated | 195 |
Consumer and Other Portfolio Segment [Member] | |
Loans individually evaluated for impairment | 0 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 125,784 |
Allowance for loans collectively evaluated | 2,570 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | |
Loans individually evaluated for impairment | 0 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 119,770 |
Allowance for loans collectively evaluated | 2,570 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | |
Loans individually evaluated for impairment | 0 |
Allowance for loans individually evaluated | 0 |
Loans collectively evaluated for impairment | 6,014 |
Allowance for loans collectively evaluated | $ 0 |
Note 5 - Allowance for Credit_5
Note 5 - Allowance for Credit Losses - Allowance for Loan Losses on PCI Loans and Recorded Investment (Details) $ in Thousands | Dec. 31, 2020USD ($) |
Acquired impaired loans evaluated for impairment | $ 39,662 |
Allowance for acquired impaired loans | 0 |
Commercial Portfolio Segment [Member] | |
Acquired impaired loans evaluated for impairment | 25,804 |
Allowance for acquired impaired loans | 0 |
Commercial Portfolio Segment [Member] | Construction and Land Development [Member] | |
Acquired impaired loans evaluated for impairment | 958 |
Allowance for acquired impaired loans | 0 |
Commercial Portfolio Segment [Member] | Farmland and Other Agricultural [Member] | |
Acquired impaired loans evaluated for impairment | 2,242 |
Allowance for acquired impaired loans | 0 |
Commercial Portfolio Segment [Member] | Multifamily [Member] | |
Acquired impaired loans evaluated for impairment | 1,614 |
Allowance for acquired impaired loans | 0 |
Commercial Portfolio Segment [Member] | Commercial Real Estate [Member] | |
Acquired impaired loans evaluated for impairment | 20,176 |
Allowance for acquired impaired loans | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |
Acquired impaired loans evaluated for impairment | 814 |
Allowance for acquired impaired loans | 0 |
Consumer Real Estate Portfolio Segment [Member] | |
Acquired impaired loans evaluated for impairment | 13,858 |
Allowance for acquired impaired loans | 0 |
Consumer Real Estate Portfolio Segment [Member] | 1-4 Family, Junior and HELOCS [Member] | |
Acquired impaired loans evaluated for impairment | 761 |
Allowance for acquired impaired loans | 0 |
Consumer Real Estate Portfolio Segment [Member] | 1-4 Family, Senior-consumer [Member] | |
Acquired impaired loans evaluated for impairment | 12,494 |
Allowance for acquired impaired loans | 0 |
Consumer Real Estate Portfolio Segment [Member] | Consumer Loan [Member] | |
Acquired impaired loans evaluated for impairment | 603 |
Allowance for acquired impaired loans | $ 0 |
Note 6 - Deposits - Components
Note 6 - Deposits - Components of Deposits (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | |
Noninterest-bearing demand deposits | $ 820,147 | $ 772,795 | [1] |
Interest-bearing demand deposits | 650,610 | 598,148 | |
Money market accounts | 285,866 | 258,864 | |
Savings deposits | 545,634 | 495,821 | |
Certificates of deposit | 251,191 | 293,848 | |
Individual retirement accounts | 120,398 | 126,771 | |
Total interest-bearing deposits | 1,853,699 | 1,773,452 | [1] |
Total deposits | $ 2,673,846 | $ 2,546,247 | [1] |
[1] | Derived from audited financial statements |
Note 7 - Leases (Details Textua
Note 7 - Leases (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Operating Lease, Right-of-Use Asset | $ 763 | $ 830 |
Operating Lease, Liability, Total | $ 800 | $ 891 |
Operating Lease, Weighted Average Discount Rate, Percent | 3.22% | 3.22% |
Minimum [Member] | ||
Lessee, Operating Lease, Remaining Lease Term (Year) | 1 year | 1 year |
Maximum [Member] | ||
Lessee, Operating Lease, Remaining Lease Term (Year) | 8 years | 9 years |
Note 7 - Leases - Minimum Lease
Note 7 - Leases - Minimum Lease Payments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
2022 | $ 139 | $ 154 |
2023 | 119 | 131 |
2024 | 119 | 119 |
2025 | 104 | 117 |
2026 and thereafter | 387 | 463 |
Total lease payments | 868 | 984 |
Less: Interest | (68) | (93) |
Operating Lease, Liability, Total | 800 | 891 |
Other Liabilities [Member] | ||
Operating Lease, Liability, Total | $ 800 | $ 891 |
Note 8 - Borrowings (Details Te
Note 8 - Borrowings (Details Textual) $ in Thousands | Sep. 30, 2021USD ($) |
Long-term Debt, Total | $ 0 |
Debt Instrument, Unused Borrowing Capacity, Amount | 291,990 |
Deposit Liabilities, Collateral Issued, Financial Instruments | 151,750 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 752,460 |
Note 8 - Borrowings - Component
Note 8 - Borrowings - Components of Borrowings (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | |
Securities sold under agreements to repurchase | $ 1,106 | $ 964 | [1] |
Retail Repurchase Agreements [Member] | |||
Securities sold under agreements to repurchase | $ 1,106 | $ 964 | |
Retail repurchase agreements | 0.07% | 0.32% | |
[1] | Derived from audited financial statements |
Note 9 - Derivative Instrumen_3
Note 9 - Derivative Instruments and Hedging Activities - Notional or Contractual Amounts and Fair Values of Derivative Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Notional or contractual amount | $ 12,435 | $ 16,700 |
Derivative assets | 0 | 0 |
Derivative financial liabilities | 1,022 | 1,131 |
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ||
Notional or contractual amount | 4,486 | 4,772 |
Derivative assets | 0 | 0 |
Derivative financial liabilities | 292 | 465 |
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | ||
Notional or contractual amount | 7,949 | 11,928 |
Derivative assets | ||
Derivative financial liabilities | $ 730 | $ 666 |
Note 9 - Derivative Instrumen_4
Note 9 - Derivative Instruments and Hedging Activities - Effect of Derivative and Hedging Activity, on Consolidated Statements of Income (Details) - Interest and Fees on Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Interest Rate Swap [Member] | ||||
Derivative expense | $ 72 | $ 80 | $ 246 | $ 172 |
Designated as Hedging Instrument [Member] | ||||
Derivative expense | 27 | 29 | 83 | 66 |
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | ||||
Derivative expense | $ 45 | $ 51 | $ 163 | $ 106 |
Note 10 - Employee Benefit Pl_3
Note 10 - Employee Benefit Plans - Components of Net Periodic Pension Cost and Assumed Discount Rate (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Service cost | $ 88 | $ 77 | $ 264 | $ 232 |
Interest cost | 78 | 88 | 236 | 266 |
Amortization of prior service cost | 31 | 51 | 92 | 151 |
Amortization of losses | 65 | 46 | 197 | 139 |
Net periodic cost | $ 262 | $ 262 | $ 789 | $ 788 |
Note 11 - Earnings Per Share -
Note 11 - Earnings Per Share - Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Net income | $ 12,608 | $ 8,266 | $ 40,613 | $ 24,376 |
Weighted average common shares outstanding, basic (in shares) | 17,221,244 | 17,710,283 | 17,457,477 | 17,803,369 |
Total dilutive effect of potential common shares (in shares) | 58,332 | 22,145 | 54,423 | 33,594 |
Weighted average common shares outstanding, diluted (in shares) | 17,279,576 | 17,732,428 | 17,511,900 | 17,836,963 |
Basic earnings per common share (in dollars per share) | $ 0.73 | $ 0.47 | $ 2.32 | $ 1.37 |
Diluted earnings per common share (in dollars per share) | $ 0.73 | $ 0.47 | $ 2.32 | $ 1.37 |
Antidilutive potential common shares (in shares) | 0 | 104,028 | 14,204 | 89,115 |
Share-based Payment Arrangement, Option [Member] | ||||
Dilutive effect of potential common shares (in shares) | 33,370 | 16,163 | 31,094 | 23,711 |
Antidilutive potential common shares (in shares) | 0 | 78,016 | 13,990 | 61,241 |
Restricted Stock [Member] | ||||
Dilutive effect of potential common shares (in shares) | 24,962 | 5,982 | 23,329 | 9,883 |
Antidilutive potential common shares (in shares) | 0 | 26,012 | 214 | 27,874 |
Note 12 - Accumulated Other C_3
Note 12 - Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income, Net of Tax (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | ||
Balance | $ 427,534 | $ 415,830 | $ 426,730 | [1] | $ 428,819 |
Other comprehensive (loss) income, net of tax | (88) | (136) | (730) | 262 | |
Balance | 427,364 | 419,917 | 427,364 | 419,917 | |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | |||||
Balance | 474 | 1,464 | 1,106 | 866 | |
Other comprehensive income (loss) before reclassifications | (164) | (213) | (796) | 689 | |
Reclassified from AOCI | 0 | 0 | 0 | (304) | |
Other comprehensive (loss) income, net of tax | (164) | (213) | (796) | 385 | |
Balance | 310 | 1,251 | 310 | 1,251 | |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |||||
Balance | (3,039) | (2,572) | (3,029) | (2,372) | |
Other comprehensive income (loss) before reclassifications | (1) | 1 | (163) | (352) | |
Reclassified from AOCI | 77 | 76 | 229 | 229 | |
Other comprehensive (loss) income, net of tax | 76 | 77 | 66 | (123) | |
Balance | (2,963) | (2,495) | (2,963) | (2,495) | |
AOCI Attributable to Parent [Member] | |||||
Balance | (2,565) | (1,108) | (1,923) | (1,506) | |
Other comprehensive income (loss) before reclassifications | (165) | (212) | (959) | 337 | |
Reclassified from AOCI | 77 | 76 | 229 | (75) | |
Other comprehensive (loss) income, net of tax | (88) | (136) | (730) | 262 | |
Balance | $ (2,653) | $ (1,244) | $ (2,653) | $ (1,244) | |
[1] | Derived from audited financial statements |
Note 12 - Accumulated Other C_4
Note 12 - Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Gain recognized | $ 0 | $ 0 | $ 0 | $ 385 |
Income before income taxes | 16,424 | 10,598 | 52,936 | 31,173 |
Income tax expense | 3,816 | 2,332 | 12,323 | 6,797 |
Net income | 12,608 | 8,266 | 40,613 | 24,376 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Gain recognized | 0 | 0 | 0 | (385) |
Net income | 76 | 76 | 228 | (75) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | ||||
Income before income taxes | 0 | 0 | 0 | (385) |
Income tax expense | 0 | 0 | 0 | (81) |
Net income | 0 | 0 | 0 | (304) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member] | ||||
Other operating expense | 31 | 51 | 92 | 150 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | ||||
Other operating expense | 65 | 46 | 197 | 140 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||||
Income before income taxes | 96 | 97 | 289 | 290 |
Income tax expense | 20 | 21 | 61 | 61 |
Net income | $ 76 | $ 76 | $ 228 | $ 229 |
Note 13 - Fair Value - Assets a
Note 13 - Fair Value - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jan. 01, 2021 | [1] | Dec. 31, 2020 | |
Available-for-sale debt securities | $ 77,440 | $ 83,358 | $ 83,358 | [2] | |
Derivative liabilities | 1,022 | 1,131 | |||
Fair Value, Recurring [Member] | |||||
Available-for-sale debt securities | 77,440 | 83,358 | |||
Equity securities | 55 | 55 | |||
Fair value loans | 13,326 | 17,831 | |||
Deferred compensation assets | 4,901 | 4,181 | |||
Deferred compensation liabilities | 4,901 | 4,181 | |||
Derivative liabilities | 1,022 | 1,131 | |||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Available-for-sale debt securities | 0 | 0 | |||
Equity securities | 0 | 0 | |||
Fair value loans | 0 | 0 | |||
Deferred compensation assets | 4,901 | 4,181 | |||
Deferred compensation liabilities | 4,901 | 4,181 | |||
Derivative liabilities | 0 | 0 | |||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Available-for-sale debt securities | 77,440 | 83,358 | |||
Equity securities | 55 | 55 | |||
Fair value loans | 0 | 0 | |||
Deferred compensation assets | 0 | 0 | |||
Deferred compensation liabilities | 0 | 0 | |||
Derivative liabilities | 1,022 | 1,131 | |||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Available-for-sale debt securities | 0 | 0 | |||
Equity securities | 0 | 0 | |||
Fair value loans | 13,326 | 17,831 | |||
Deferred compensation assets | 0 | 0 | |||
Deferred compensation liabilities | 0 | 0 | |||
Derivative liabilities | 0 | 0 | |||
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | |||||
Available-for-sale debt securities | 488 | 551 | |||
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Available-for-sale debt securities | 0 | 0 | |||
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Available-for-sale debt securities | 488 | 551 | |||
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Available-for-sale debt securities | 0 | 0 | |||
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | |||||
Available-for-sale debt securities | 32,106 | 44,459 | |||
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Available-for-sale debt securities | 0 | 0 | |||
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Available-for-sale debt securities | 32,106 | 44,459 | |||
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Available-for-sale debt securities | 0 | 0 | |||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | |||||
Available-for-sale debt securities | 4,880 | ||||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Available-for-sale debt securities | |||||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Available-for-sale debt securities | 4,880 | ||||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Available-for-sale debt securities | |||||
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | |||||
Available-for-sale debt securities | 39,966 | 38,348 | |||
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Available-for-sale debt securities | 0 | 0 | |||
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Available-for-sale debt securities | 39,966 | 38,348 | |||
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Available-for-sale debt securities | $ 0 | $ 0 | |||
[1] | Per our analysis no ACL was necessary for investment securities available-for-sale. | ||||
[2] | Derived from audited financial statements |
Note 13 - Fair Value - Assets M
Note 13 - Fair Value - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Collateral Dependent Assets [Member] | ||
Total Fair Value | $ 2,992 | |
Collateral Dependent Assets [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total Fair Value | 0 | |
Collateral Dependent Assets [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total Fair Value | 0 | |
Collateral Dependent Assets [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total Fair Value | 2,992 | |
Impaired Loans [Member] | ||
Total Fair Value | $ 979 | |
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total Fair Value | 0 | |
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total Fair Value | 0 | |
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total Fair Value | 979 | |
OREO [Member] | ||
Total Fair Value | 1,240 | 2,083 |
OREO [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total Fair Value | 0 | 0 |
OREO [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total Fair Value | 0 | 0 |
OREO [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total Fair Value | $ 1,240 | $ 2,083 |
Note 13 - Fair Value - Quantita
Note 13 - Fair Value - Quantitative Information for Assets Measured at Fair Value on Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - Measurement Input, Discount Rate [Member] - Valuation, Market Approach [Member] | Sep. 30, 2021 | Dec. 31, 2020 | |
Minimum [Member] | |||
Discount range, impaired loans | [1],[2] | 0 | 0.22 |
Discount range, non-covered OREO | [1],[2] | 0 | 0.08 |
Maximum [Member] | |||
Discount range, impaired loans | [1],[2] | 0.3 | 0.38 |
Discount range, non-covered OREO | [1],[2] | 0.87 | 0.77 |
Weighted Average [Member] | |||
Discount range, impaired loans | [1],[2] | 0.1 | 0.3 |
Discount range, non-covered OREO | [1],[2] | 0.29 | 0.25 |
[1] | Appraisals may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments. | ||
[2] | Fair value is generally based on appraisals of the underlying collateral. |
Note 13 - Fair Value - Financia
Note 13 - Fair Value - Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jan. 01, 2021 | Dec. 31, 2020 | ||
Debt securities available for sale | $ 77,440 | $ 83,358 | [1] | $ 83,358 | [2] |
Interest receivable | 8,146 | $ 9,052 | [3] | 9,052 | [2] |
Derivative financial liabilities | 1,022 | 1,131 | |||
Reported Value Measurement [Member] | |||||
Cash and cash equivalents | 635,007 | 456,561 | |||
Debt securities available for sale | 77,440 | 83,358 | |||
Equity securities | 55 | 55 | |||
Loans held for investment, net of allowance | 2,122,226 | 2,160,450 | |||
Interest receivable | 8,146 | 9,052 | |||
Deferred compensation assets | 4,901 | 4,181 | |||
Securities sold under agreements to repurchase | 1,106 | 964 | |||
Interest payable | 345 | 582 | |||
Derivative financial liabilities | 1,022 | 4,181 | |||
Deferred compensation liabilities | 4,901 | 1,131 | |||
Loans held for sale | 0 | ||||
FDIC indemnification asset | 1,223 | ||||
Reported Value Measurement [Member] | Bank Time Deposits [Member] | |||||
Deposits fair value | 371,589 | 420,619 | |||
Estimate of Fair Value Measurement [Member] | |||||
Cash and cash equivalents | 635,007 | 456,561 | |||
Debt securities available for sale | 77,440 | 83,358 | |||
Equity securities | 55 | 55 | |||
Loans held for investment, net of allowance | 2,086,930 | 2,126,221 | |||
Interest receivable | 8,146 | 9,052 | |||
Deferred compensation assets | 4,901 | 4,181 | |||
Securities sold under agreements to repurchase | 1,106 | 964 | |||
Interest payable | 345 | 582 | |||
Derivative financial liabilities | 1,022 | 4,181 | |||
Deferred compensation liabilities | 4,901 | 1,131 | |||
Loans held for sale | 0 | ||||
FDIC indemnification asset | 509 | ||||
Estimate of Fair Value Measurement [Member] | Bank Time Deposits [Member] | |||||
Deposits fair value | 370,567 | 423,120 | |||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Cash and cash equivalents | 635,007 | 456,561 | |||
Debt securities available for sale | 0 | 0 | |||
Equity securities | 0 | 0 | |||
Loans held for investment, net of allowance | 0 | 0 | |||
Interest receivable | 0 | 0 | |||
Deferred compensation assets | 4,901 | 4,181 | |||
Securities sold under agreements to repurchase | 0 | 0 | |||
Interest payable | 0 | 0 | |||
Derivative financial liabilities | 0 | 4,181 | |||
Deferred compensation liabilities | 4,901 | 0 | |||
Loans held for sale | 0 | ||||
FDIC indemnification asset | 0 | ||||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Bank Time Deposits [Member] | |||||
Deposits fair value | 0 | 0 | |||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Cash and cash equivalents | 0 | 0 | |||
Debt securities available for sale | 77,440 | 83,358 | |||
Equity securities | 55 | 55 | |||
Loans held for investment, net of allowance | 0 | 0 | |||
Interest receivable | 8,146 | 9,052 | |||
Deferred compensation assets | 0 | 0 | |||
Securities sold under agreements to repurchase | 1,106 | 964 | |||
Interest payable | 345 | 582 | |||
Derivative financial liabilities | 1,022 | 0 | |||
Deferred compensation liabilities | 0 | 1,131 | |||
Loans held for sale | 0 | ||||
FDIC indemnification asset | 0 | ||||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Bank Time Deposits [Member] | |||||
Deposits fair value | 370,567 | 423,120 | |||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Cash and cash equivalents | 0 | 0 | |||
Debt securities available for sale | 0 | 0 | |||
Equity securities | 0 | 0 | |||
Loans held for investment, net of allowance | 2,086,930 | 2,126,221 | |||
Interest receivable | 0 | 0 | |||
Deferred compensation assets | 0 | 0 | |||
Securities sold under agreements to repurchase | 0 | 0 | |||
Interest payable | 0 | 0 | |||
Derivative financial liabilities | 0 | 0 | |||
Deferred compensation liabilities | 0 | 0 | |||
Loans held for sale | 0 | ||||
FDIC indemnification asset | 509 | ||||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Bank Time Deposits [Member] | |||||
Deposits fair value | $ 0 | $ 0 | |||
[1] | Per our analysis no ACL was necessary for investment securities available-for-sale. | ||||
[2] | Derived from audited financial statements | ||||
[3] | Accrued interest receivable from acquired credit impaired loans of $57 thousand was reclassed to other assets and was offset by the reclass of the grossed up credit discount on acquired credit impaired loans of $57 thousand that was moved to the ACL for the purchased credit deteriorated loans. |
Note 14 - Litigation, Commitm_3
Note 14 - Litigation, Commitments, and Contingencies - Off-balance Sheet Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 | |
Commitments to extend credit | $ 270,105 | $ 229,408 | |
Standby letters of credit and financial guarantees | [1] | 154,610 | 179,022 |
Total off-balance sheet risk | 424,715 | 408,430 | |
Allowance for unfunded commitments | $ 678 | $ 66 | |
[1] | Includes FHLB letters of credit |