Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2022 | Jul. 29, 2022 | |
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 | Q2 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2022 | |
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 ($1.00 par value) | |
Trading Symbol | FCBC | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 16,412,444 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | [1] |
Assets | |||
Cash and due from banks | $ 53,556 | $ 47,067 | |
Federal funds sold | 341,627 | 627,036 | |
Interest-bearing deposits in banks | 3,059 | 3,336 | |
Total cash and cash equivalents | 398,242 | 677,439 | |
Debt securities available for sale | 287,767 | 76,292 | |
Loans held for investment, net of unearned income | 2,299,798 | 2,165,569 | |
Allowance for credit losses | (29,749) | (27,858) | |
Loans held for investment, net | 2,270,049 | 2,137,711 | |
Premises and equipment, net | 49,752 | 52,284 | |
Other real estate owned | 579 | 1,015 | |
Interest receivable | 8,433 | 7,900 | |
Goodwill | 129,565 | 129,565 | |
Other intangible assets | 4,905 | 5,622 | |
Other assets | 109,085 | 106,691 | |
Total assets | 3,258,377 | 3,194,519 | |
Liabilities | |||
Noninterest-bearing | 877,962 | 842,783 | |
Interest-bearing | 1,920,577 | 1,886,608 | |
Total deposits | 2,798,539 | 2,729,391 | |
Securities sold under agreements to repurchase | 2,635 | 1,536 | |
Interest, taxes, and other liabilities | 39,157 | 35,817 | |
Total liabilities | 2,840,331 | 2,766,744 | |
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; 23,634,702 shares issued and 16,502,144 outstanding at June 30, 2022; 23,971,347 shares issued and 16,878,220 outstanding at December 31, 2021 | 16,502 | 16,878 | |
Additional paid-in capital | 136,705 | 147,619 | |
Retained earnings | 276,499 | 264,824 | |
Accumulated other comprehensive loss | (11,660) | (1,546) | |
Total stockholders' equity | 418,046 | 427,775 | |
Total liabilities and stockholders' equity | $ 3,258,377 | $ 3,194,519 | |
[1]Derived from audited financial statements |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2022 | Dec. 31, 2021 | [1] |
Common stock, par value (in dollars per share) | $ 1 | $ 1 | |
Common stock, authorized (in shares) | 50,000,000 | 50,000,000 | |
Common stock, issued (in shares) | 23,634,702 | 23,971,347 | |
Common stock, outstanding (in shares) | 16,502,144 | 16,878,220 | |
Undesignated Par Value [Member] | |||
Preferred stock, no par value (in dollars per share) | $ 0 | $ 0 | |
Preferred stock, authorized (in shares) | 1,000,000 | 1,000,000 | |
Designated Par Value [Member] | |||
Preferred stock, authorized (in shares) | 25,000 | 25,000 | |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | |
Preferred stock, outstanding (in shares) | 0 | 0 | |
[1]Derived from audited financial statements |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Interest income: | ||||
Interest and fees on loans | $ 25,651 | $ 25,937 | $ 50,292 | $ 52,477 |
Interest on securities -- taxable | 1,373 | 159 | 1,929 | 357 |
Interest on securities -- tax-exempt | 178 | 276 | 372 | 573 |
Interest on deposits in banks | 768 | 166 | 1,016 | 282 |
Total interest income | 27,970 | 26,538 | 53,609 | 53,689 |
Interest expense: | ||||
Interest on deposits | 422 | 724 | 908 | 1,593 |
Interest on short-term borrowings | 1 | 0 | 1 | 0 |
Total interest expense | 423 | 724 | 909 | 1,593 |
Net interest income | 27,547 | 25,814 | 52,700 | 52,096 |
Provision for (recovery of) credit losses | 510 | (2,230) | 2,471 | (6,231) |
Net interest income after provision for loan losses | 27,037 | 28,044 | 50,229 | 58,327 |
Noninterest income: | ||||
Other operating income | 892 | 1,475 | 2,599 | 2,110 |
Total noninterest income | 8,854 | 8,797 | 18,048 | 16,366 |
Noninterest expense: | ||||
Salaries and employee benefits | 11,518 | 10,216 | 23,189 | 21,100 |
Occupancy expense | 1,165 | 1,115 | 2,434 | 2,390 |
Furniture and equipment expense | 1,496 | 1,457 | 3,110 | 2,824 |
Service fees | 2,563 | 1,513 | 4,066 | 2,848 |
Advertising and public relations | 577 | 616 | 1,117 | 951 |
Professional fees | 544 | 290 | 997 | 756 |
Amortization of intangibles | 360 | 360 | 717 | 717 |
FDIC premiums and assessments | 257 | 204 | 475 | 403 |
Other operating expense | 2,775 | 3,590 | 5,136 | 6,192 |
Total noninterest expense | 21,255 | 19,361 | 41,241 | 38,181 |
Income before income taxes | 14,636 | 17,480 | 27,036 | 36,512 |
Income tax expense | 3,423 | 4,077 | 6,308 | 8,507 |
Net income | $ 11,213 | $ 13,403 | $ 20,728 | $ 28,005 |
Earnings per common share | ||||
Basic (in dollars per share) | $ 0.67 | $ 0.77 | $ 1.24 | $ 1.59 |
Diluted (in dollars per share) | $ 0.67 | $ 0.76 | $ 1.24 | $ 1.59 |
Weighted average shares outstanding | ||||
Basic (in shares) | 16,662,817 | 17,486,182 | 16,739,624 | 17,577,552 |
Diluted (in shares) | 16,682,615 | 17,536,144 | 16,772,847 | 17,631,330 |
Fiduciary and Trust [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 993 | $ 1,058 | $ 1,965 | $ 1,939 |
Deposit Account [Member] | ||||
Noninterest income: | ||||
Noninterest income | 3,672 | 3,098 | 7,170 | 6,129 |
Financial Service, Other [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 3,297 | $ 3,166 | $ 6,314 | $ 6,188 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Net income | $ 11,213 | $ 13,403 | $ 20,728 | $ 28,005 |
Other comprehensive income, before tax | ||||
Change in net unrealized (losses) gains on debt securities | (6,550) | 17 | (12,447) | (800) |
Net unrealized (losses) gains on available-for-sale debt securities | (6,550) | 17 | (12,447) | (800) |
Employee benefit plans: | ||||
Net actuarial loss | (1) | 0 | (423) | (206) |
Reclassification adjustment for amortization of prior service cost and net actuarial loss recognized in net income | 33 | 96 | 67 | 193 |
Net unrealized (losses) gains on employee benefit plans | 32 | 96 | (356) | (13) |
Other comprehensive (loss) income, before tax | (6,518) | 113 | (12,803) | (813) |
Income tax (benefit) expense | (1,370) | 23 | (2,689) | (171) |
Other comprehensive (loss) income, net of tax | (5,148) | 90 | (10,114) | (642) |
Total comprehensive income | $ 6,065 | $ 13,493 | $ 10,614 | $ 27,363 |
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 Outstanding [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 Outstanding [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total | |
Balance (in shares) at Dec. 31, 2020 | 0 | 17,722,507 | |||||||||||
Balance at Dec. 31, 2020 | $ (5,870) | $ (5,870) | $ 0 | $ 17,723 | $ 173,345 | $ 237,585 | $ (1,923) | $ 426,730 | |||||
Net income | 0 | 0 | 0 | 28,005 | 0 | 28,005 | |||||||
Other comprehensive income | 0 | 0 | 0 | (642) | (642) | ||||||||
Common dividends declared | $ 0 | $ 0 | 0 | (8,809) | (8,809) | ||||||||
Equity-based compensation expense (in shares) | 0 | 52,189 | |||||||||||
Equity-based compensation expense | $ 0 | $ 52 | 779 | 0 | 831 | ||||||||
Issuance of common stock to 401(k) plan (in shares) | 0 | 9,151 | |||||||||||
Issuance of common stock to 401(k) plan | $ 0 | $ 9 | 244 | 0 | 0 | 253 | |||||||
Repurchase of common shares (in shares) | 0 | (449,300) | |||||||||||
Repurchase of common shares | $ 0 | $ (449) | (12,515) | 0 | 0 | (12,964) | |||||||
Balance (in shares) at Jun. 30, 2021 | 0 | 17,334,547 | |||||||||||
Balance at Jun. 30, 2021 | $ 0 | $ 17,335 | 161,853 | 250,911 | (2,565) | 427,534 | |||||||
Balance (in shares) at Mar. 31, 2021 | 0 | 17,592,009 | |||||||||||
Balance at Mar. 31, 2021 | $ 0 | $ 17,592 | 169,173 | 241,889 | (2,655) | 425,999 | |||||||
Net income | 0 | 0 | 0 | 13,403 | 0 | 13,403 | |||||||
Other comprehensive income | 0 | 0 | 0 | 0 | 90 | 90 | |||||||
Common dividends declared | $ 0 | $ 0 | 0 | (4,381) | 0 | (4,381) | |||||||
Equity-based compensation expense (in shares) | 0 | 639 | |||||||||||
Equity-based compensation expense | $ 0 | $ 1 | 296 | 0 | 0 | 297 | |||||||
Issuance of common stock to 401(k) plan (in shares) | 0 | 3,499 | |||||||||||
Issuance of common stock to 401(k) plan | $ 0 | $ 3 | 103 | 0 | 0 | 106 | |||||||
Repurchase of common shares (in shares) | 0 | (261,600) | |||||||||||
Repurchase of common shares | $ 0 | $ (261) | (7,719) | 0 | 0 | (7,980) | |||||||
Balance (in shares) at Jun. 30, 2021 | 0 | 17,334,547 | |||||||||||
Balance at Jun. 30, 2021 | $ 0 | $ 17,335 | 161,853 | 250,911 | (2,565) | 427,534 | |||||||
Balance (in shares) at Dec. 31, 2021 | 0 | 16,878,220 | |||||||||||
Balance at Dec. 31, 2021 | $ 0 | $ 16,878 | 147,619 | 264,824 | (1,546) | 427,775 | [1] | ||||||
Net income | 0 | 0 | 0 | 20,728 | 0 | 20,728 | |||||||
Other comprehensive income | 0 | 0 | 0 | 0 | (10,114) | (10,114) | |||||||
Common dividends declared | $ 0 | $ 0 | 0 | (9,053) | 0 | (9,053) | |||||||
Equity-based compensation expense (in shares) | 0 | 25,137 | |||||||||||
Equity-based compensation expense | $ 0 | $ 25 | 328 | 0 | 0 | 353 | |||||||
Issuance of common stock to 401(k) plan (in shares) | 0 | 9,758 | |||||||||||
Issuance of common stock to 401(k) plan | $ 0 | $ 10 | 279 | 0 | 0 | 289 | |||||||
Repurchase of common shares (in shares) | 0 | (415,507) | |||||||||||
Repurchase of common shares | $ 0 | $ (416) | (11,619) | 0 | 0 | (12,035) | |||||||
Common stock options exercised (in shares) | 0 | 4,536 | |||||||||||
Common stock options exercised | $ 0 | $ 5 | 98 | 0 | 0 | 103 | |||||||
Balance (in shares) at Jun. 30, 2022 | 0 | 16,502,144 | |||||||||||
Balance at Jun. 30, 2022 | $ 0 | $ 16,502 | 136,705 | 276,499 | (11,660) | 418,046 | |||||||
Balance (in shares) at Mar. 31, 2022 | 0 | 16,781,975 | |||||||||||
Balance at Mar. 31, 2022 | $ 0 | $ 16,782 | 144,088 | 269,798 | (6,512) | 424,156 | |||||||
Net income | 0 | 0 | 0 | 11,213 | 0 | 11,213 | |||||||
Other comprehensive income | 0 | 0 | 0 | 0 | (5,148) | (5,148) | |||||||
Common dividends declared | 0 | 0 | 0 | (4,512) | 0 | (4,512) | |||||||
Equity-based compensation expense | $ 0 | $ 0 | 181 | 0 | 0 | 181 | |||||||
Issuance of common stock to 401(k) plan (in shares) | 0 | 3,676 | |||||||||||
Issuance of common stock to 401(k) plan | $ 0 | $ 4 | 100 | 0 | 0 | 104 | |||||||
Repurchase of common shares (in shares) | 0 | (283,507) | |||||||||||
Repurchase of common shares | $ 0 | $ (284) | (7,664) | 0 | 0 | (7,948) | |||||||
Balance (in shares) at Jun. 30, 2022 | 0 | 16,502,144 | |||||||||||
Balance at Jun. 30, 2022 | $ 0 | $ 16,502 | $ 136,705 | $ 276,499 | $ (11,660) | $ 418,046 | |||||||
[1]Derived from audited financial statements |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Common dividends declared, per share (in dollars per share) | $ 0.27 | $ 0.25 | $ 0.54 | $ 0.25 |
Repurchase of common shares, per share (in dollars per share) | $ 28.03 | $ 30.51 | $ 28.96 | $ 28.86 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Operating activities | ||
Net income | $ 20,728 | $ 28,005 |
Adjustments to reconcile net income to net cash provided by operating activities | ||
Provision for (recovery of) credit losses | 2,471 | (6,231) |
Depreciation and amortization of premises and equipment | 2,168 | 2,240 |
Amortization of premiums on investments, net | 117 | 217 |
Amortization of FDIC indemnification asset, net | 0 | 1,226 |
Amortization of intangible assets | 717 | 717 |
Accretion on acquired loans | (1,736) | (2,442) |
Equity-based compensation expense | 353 | 699 |
Issuance of common stock to 401(k) plan | 289 | 253 |
(Gain) loss on sale of premises and equipment, net | (381) | 524 |
Loss on sale of other real estate owned | 420 | 251 |
(Increase) decrease in accrued interest receivable | (533) | 572 |
Decrease (increase) in other operating activities | 3,587 | (6,322) |
Net cash provided by operating activities | 28,200 | 19,709 |
Investing activities | ||
Proceeds from maturities, prepayments, and calls of securities available for sale | 12,812 | 14,174 |
Payments to acquire securities available for sale | (236,850) | (11,675) |
Net (increase) decrease in loans | (133,395) | 39,323 |
(Purchase of) proceeds from FHLB stock, net | (240) | 1,012 |
Proceeds from sale of premises and equipment | 1,145 | 2,208 |
Payments to acquire premises and equipment | (469) | (1,669) |
Proceeds from sale of other real estate owned | 338 | 1,259 |
Net cash (used) provided by investing activities | (356,659) | 44,632 |
Financing activities | ||
Increase in noninterest-bearing deposits, net | 35,179 | 46,343 |
Increase in interest-bearing deposits, net | 33,969 | 73,104 |
Proceeds from securities sold under agreements to repurchase, net | 1,099 | 30 |
Proceeds from stock options exercised | 103 | 132 |
Payments for repurchase of common stock | (12,035) | (12,964) |
Payments of common dividends | (9,053) | (8,809) |
Net cash provided by financing activities | 49,262 | 97,836 |
Net (decrease) increase in cash and cash equivalents | (279,197) | 162,177 |
Cash and cash equivalents at beginning of period | 677,439 | 456,561 |
Cash and cash equivalents at end of period | 398,242 | 618,738 |
Supplemental disclosure -- cash flow information | ||
Cash paid for interest | 1,330 | 1,846 |
Cash paid for income taxes | 490 | 11,704 |
Supplemental transactions -- noncash items | ||
Transfer of loans to other real estate owned | 322 | 810 |
Loans originated to finance other real estate owned | 0 | 59 |
Increase in accumulated other comprehensive loss, net of taxes | $ (10,114) | $ 642 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2022 | |
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”), is a financial holding company incorporated under the laws of the Commonwealth of Virginia. The Company’s principal executive office is located in Bluefield, Virginia. The Company provides banking products and services to individual and commercial customers through its wholly owned subsidiary First Community Bank (the “Bank”), a Virginia-chartered banking institution founded in 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, 2021 2021 10 March 3, 2022. December 31, 2021 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 2021 10 Allowance for Credit Losses ( ACL ) On January 1, 2021, 2016 13, 326 January 1, 2021. 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 June 30, 2022 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 of ASU 2016 13, 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 utilizes 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. 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. 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 June 30, 2022 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 June 30, 2022 Risks and Uncertainties COVID- 19 During the last two 19” 19 While direct impacts of COVID- 19 June 30, 2022, not 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 Standards Not In March 2022, 2022 02, 326 January 1, 2023, 2016 13, no no |
Note 2 - Debt Securities
Note 2 - Debt Securities | 6 Months Ended |
Jun. 30, 2022 | |
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 June 30, 2022 not June 30, 2022 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 425 $ - $ (2 ) $ 423 U.S. Treasury Notes 136,419 - (2,176 ) 134,243 Municipal securities 24,461 51 (58 ) 24,454 Corporate notes 40,625 - (1,520 ) 39,105 Agency mortgage-backed securities 98,265 13 (8,736 ) 89,542 Total $ 300,195 $ 64 $ (12,492 ) $ 287,767 December 31, 2021 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 469 $ — $ (3 ) $ 466 Municipal securities 28,596 198 — 28,794 Corporate notes 9,935 — (16 ) 9,919 Agency mortgage-backed securities 37,273 513 (673 ) 37,113 Total $ 76,273 $ 711 $ (692 ) $ 76,292 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 June 30, 2022 Amortized (Amounts in thousands) Cost Fair Value Available-for-sale debt securities Due within one year $ 19,637 $ 19,499 Due after one year but within five years 177,850 174,311 Due after five years but within ten years 4,443 4,415 201,930 198,225 Agency mortgage-backed securities 98,265 89,542 Total debt securities available for sale $ 300,195 $ 287,767 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 June 30, 2022 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 $ - $ - $ 416 $ (2 ) $ 416 $ (2 ) U.S. Treasury Notes 134,243 (2,176 ) - - 134,243 (2,176 ) Municipal securities 5,178 (58 ) - - 5,178 (58 ) Corporate notes 38,119 (1,520 ) - - 38,119 (1,520 ) Agency mortgage-backed securities 76,334 (6,381 ) 12,009 (2,355 ) 88,343 (8,736 ) Total $ 253,874 $ (10,135 ) $ 12,425 $ (2,357 ) $ 266,299 $ (12,492 ) December 31, 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 $ — $ — $ 459 $ (3 ) $ 459 $ (3 ) Corporate notes 9,919 (16 ) — — 9,919 (16 ) Agency mortgage-backed securities 14,092 (253 ) 8,384 (420 ) 22,476 (673 ) Total $ 24,011 $ (269 ) $ 8,843 $ (423 ) $ 32,854 $ (692 ) There were 90 individual debt securities in an unrealized loss position as of June 30, 2022 December 31, 2021 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 June 30, 2022 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 There were no gross realized gains and losses from the sale of available-for-sale debt securities for the three six June 30, 2022 2021 The carrying amount of securities pledged for various purposes totaled $34.22 million as of June 30, 2022 December 31, 2021 |
Note 3 - Loans
Note 3 - Loans | 6 Months Ended |
Jun. 30, 2022 | |
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 June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 14, In accordance with the adoption of ASU 2016 13, June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 (Amounts in thousands) Amount Percent Amount Percent Loans held for investment Commercial loans Construction, development, and other land $ 92,840 4.04 % $ 65,806 3.04 % Commercial and industrial 139,792 6.08 % 133,630 6.17 % Multi-family residential 124,274 5.40 % 100,402 4.64 % Single family non-owner occupied 195,113 8.48 % 198,778 9.18 % Non-farm, non-residential 752,369 32.72 % 707,506 32.67 % Agricultural 9,987 0.43 % 9,341 0.43 % Farmland 12,833 0.56 % 15,013 0.69 % Total commercial loans 1,327,208 57.71 % 1,230,476 56.82 % Consumer real estate loans Home equity lines 78,999 3.44 % 79,857 3.69 % Single family owner occupied 722,370 31.41 % 703,864 32.50 % Owner occupied construction 17,331 0.75 % 16,910 0.78 % Total consumer real estate loans 818,700 35.60 % 800,631 36.97 % Consumer and other loans Consumer loans 148,741 6.47 % 129,794 5.99 % Other 5,149 0.22 % 4,668 0.22 % Total consumer and other loans 153,890 6.69 % 134,462 6.21 % Total loans held for investment, net of unearned income $ 2,299,798 100.00 % $ 2,165,569 100.00 % The Company began participating as a Small Business Administration Paycheck Protection Program lender during the second 2020. June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 second 2022 of $ 319 thousand recorded $ 654 thousand six 2022 2021 |
Note 4 - Credit Quality
Note 4 - Credit Quality | 6 Months Ended |
Jun. 30, 2022 | |
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: June 30, 2022 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 91,872 $ 417 $ 551 $ - $ - $ 92,840 Commercial and industrial 136,353 982 2,457 - - 139,792 Multi-family residential 123,403 649 222 - - 124,274 Single family non-owner occupied 184,275 2,287 8,551 - - 195,113 Non-farm, non-residential 723,467 16,794 12,108 - - 752,369 Agricultural 9,754 54 179 - - 9,987 Farmland 10,584 603 1,646 - - 12,833 Consumer real estate loans Home equity lines 75,540 430 3,029 - - 78,999 Single family owner occupied 692,766 2,041 27,563 - - 722,370 Owner occupied construction 17,167 - 164 - - 17,331 Consumer and other loans Consumer loans 145,934 11 2,796 - - 148,741 Other 5,149 - - - - 5,149 Total loans $ 2,216,264 $ 24,268 $ 59,266 $ - $ - $ 2,299,798 December 31, 2021 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 64,498 $ 451 $ 857 $ - $ - $ 65,806 Commercial and industrial 128,770 1,005 3,855 - - 133,630 Multi-family residential 98,457 1,090 855 - - 100,402 Single family non-owner occupied 186,184 3,607 8,977 10 - 198,778 Non-farm, non-residential 665,559 25,624 16,323 - - 707,506 Agricultural 8,758 70 513 - - 9,341 Farmland 11,939 633 2,441 - - 15,013 Consumer real estate loans Home equity lines 76,259 426 3,172 - - 79,857 Single family owner occupied 671,459 2,420 29,985 - - 703,864 Owner occupied construction 16,629 - 281 - - 16,910 Consumer and other loans Consumer loans 127,514 16 2,264 - - 129,794 Other 4,668 - - - - 4,668 Total loans $ 2,060,694 $ 35,342 $ 69,523 $ 10 $ - $ 2,165,569 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 June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Construction, development and other land Pass $ 19,079 $ 49,774 $ 10,616 $ 2,732 $ 3,037 $ 6,280 $ 354 $ 91,872 Special Mention - - - - 111 270 36 417 Substandard - - 255 36 12 248 - 551 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 19,079 $ 49,774 $ 10,871 $ 2,768 $ 3,160 $ 6,798 $ 390 $ 92,840 Commercial and industrial Pass $ 44,408 $ 28,875 $ 15,160 $ 10,273 $ 11,012 $ 8,013 $ 16,545 $ 134,286 Special Mention - 25 35 601 226 - 95 982 Substandard 145 176 222 588 231 578 517 2,457 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial and industrial $ 44,553 $ 29,076 $ 15,417 $ 11,462 $ 11,469 $ 8,591 $ 17,157 $ 137,725 Paycheck Protection Loans Pass $ - $ 2,038 $ 29 $ - $ - $ - $ - $ 2,067 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Loss - - - - - - - - Total Paycheck Protection Loans $ - $ 2,038 $ 29 $ - $ - $ - $ - $ 2,067 Multi-family residential Pass $ 33,938 $ 10,932 $ 23,800 $ 4,354 $ 1,807 $ 47,638 $ 934 $ 123,403 Special Mention - - - - - 649 - 649 Substandard - - - - - 222 - 222 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 33,938 $ 10,932 $ 23,800 $ 4,354 $ 1,807 $ 48,509 $ 934 $ 124,274 Non-farm, non-residential Pass $ 134,331 $ 139,073 $ 129,979 $ 57,546 $ 39,902 $ 208,618 $ 14,018 $ 723,467 Special Mention - 1,969 868 1,216 2,571 10,020 150 16,794 Substandard - 1,144 692 2,471 722 6,851 228 12,108 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 134,331 $ 142,186 $ 131,539 $ 61,233 $ 43,195 $ 225,489 $ 14,396 $ 752,369 Agricultural Pass $ 2,560 $ 3,779 $ 1,258 $ 601 $ 407 $ 715 $ 434 $ 9,754 Special Mention - 37 17 - - - - 54 Substandard - 40 7 84 36 12 - 179 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 2,560 $ 3,856 $ 1,282 $ 685 $ 443 $ 727 $ 434 $ 9,987 Farmland Pass $ 166 $ 727 $ 1,002 $ 77 $ 903 $ 6,176 $ 1,533 $ 10,584 Special Mention - 110 - - 232 261 - 603 Substandard - - 13 - 257 1,376 - 1,646 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 166 $ 837 $ 1,015 $ 77 $ 1,392 $ 7,813 $ 1,533 $ 12,833 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Home equity lines Pass $ 1,026 $ 102 $ - $ - $ 62 $ 861 $ 73,489 $ 75,540 Special Mention - - - - - - 430 430 Substandard - - 85 36 205 1,253 1,450 3,029 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 1,026 $ 102 $ 85 $ 36 $ 267 $ 2,114 $ 75,369 $ 78,999 Single family Mortgage Pass $ 92,181 $ 235,009 $ 213,126 $ 54,675 $ 39,796 $ 241,066 $ 1,188 $ 877,041 Special Mention - 387 85 372 266 3,218 - 4,328 Substandard 382 1,041 715 1,082 2,172 30,722 - 36,114 Doubtful - - - - - - - - Loss - - - - - - - - Total single family owner and non-owner occupied $ 92,563 $ 236,437 $ 213,926 $ 56,129 $ 42,234 $ 275,006 $ 1,188 $ 917,483 Owner occupied construction Pass $ 2,591 $ 11,768 $ 2,005 $ 32 $ 16 $ 755 $ - $ 17,167 Special Mention - - - - - - - - Substandard - - 163 - - 1 - 164 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 2,591 $ 11,768 $ 2,168 $ 32 $ 16 $ 756 $ - $ 17,331 Consumer loans Pass $ 53,360 $ 49,325 $ 22,059 $ 11,474 $ 3,844 $ 8,796 $ 2,225 $ 151,083 Special Mention - 3 - 7 - - 1 11 Substandard 55 1,049 730 645 52 189 76 2,796 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 53,415 $ 50,377 $ 22,789 $ 12,126 $ 3,896 $ 8,985 $ 2,302 $ 153,890 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Total Loans Pass $ 383,640 $ 531,402 $ 419,034 $ 141,764 $ 100,786 $ 528,918 $ 110,720 $ 2,216,264 Special Mention - 2,531 1,005 2,196 3,406 14,418 712 24,268 Substandard 582 3,450 2,882 4,942 3,687 41,452 2,271 59,266 Doubtful - - - - - - - - Loss - - - - - - - - Total loans $ 384,222 $ 537,383 $ 422,921 $ 148,902 $ 107,879 $ 584,788 $ 113,703 $ 2,299,798 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Construction, development and other land Pass $ 40,207 $ 10,127 $ 3,081 $ 3,704 $ 1,308 $ 5,717 $ 354 $ 64,498 Special Mention - 266 - 128 - 21 36 451 Substandard - - 128 11 291 427 - 857 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 40,207 $ 10,393 $ 3,209 $ 3,843 $ 1,599 $ 6,165 $ 390 $ 65,806 Commercial and industrial Pass $ 34,539 $ 18,887 $ 13,679 $ 13,772 $ 4,817 $ 5,890 $ 16,544 $ 108,128 Special Mention 32 60 597 192 28 - 96 1,005 Substandard 184 355 706 384 842 866 518 3,855 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial and industrial $ 34,755 $ 19,302 $ 14,982 $ 14,348 $ 5,687 $ 6,756 $ 17,158 $ 112,988 Paycheck Protection Loans Pass $ 16,482 $ 4,160 $ - $ - $ - $ - $ - $ 20,642 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Loss - - - - - - - - Total Paycheck Protection Loans $ 16,482 $ 4,160 $ - $ - $ - $ - $ - $ 20,642 Multi-family residential Pass $ 11,307 $ 24,299 $ 4,644 $ 1,897 $ 8,413 $ 46,962 $ 935 $ 98,457 Special Mention - - - - - 1,090 - 1,090 Substandard - - - - - 855 - 855 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 11,307 $ 24,299 $ 4,644 $ 1,897 $ 8,413 $ 48,907 $ 935 $ 100,402 Non-farm, non-residential Pass $ 147,978 $ 146,381 $ 62,651 $ 50,943 $ 43,776 $ 199,812 $ 14,018 $ 665,559 Special Mention 397 3,334 823 2,595 9,190 9,135 150 25,624 Substandard 1,161 711 2,508 2,531 3,232 5,953 227 16,323 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 149,536 $ 150,426 $ 65,982 $ 56,069 $ 56,198 $ 214,900 $ 14,395 $ 707,506 Agricultural Pass $ 4,564 $ 1,548 $ 998 $ 534 $ 346 $ 335 $ 433 $ 8,758 Special Mention 43 27 - - - - - 70 Substandard 44 11 282 39 17 120 - 513 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 4,651 $ 1,586 $ 1,280 $ 573 $ 363 $ 455 $ 433 $ 9,341 Farmland Pass $ 428 $ 1,047 $ 82 $ 1,125 $ 887 $ 6,835 $ 1,535 $ 11,939 Special Mention 189 - - 240 5 199 - 633 Substandard - 14 519 249 264 1,395 - 2,441 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 617 $ 1,061 $ 601 $ 1,614 $ 1,156 $ 8,429 $ 1,535 $ 15,013 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Home equity lines Pass $ 115 $ 59 $ - $ 25 $ 2 $ 2,168 $ 73,890 $ 76,259 Special Mention - - - - - - 426 426 Substandard - - 28 249 128 1,316 1,451 3,172 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 115 $ 59 $ 28 $ 274 $ 130 $ 3,484 $ 75,767 $ 79,857 Single family Mortgage Pass $ 239,917 $ 225,294 $ 61,925 $ 46,716 $ 41,757 $ 240,845 $ 1,189 $ 857,643 Special Mention 399 510 937 269 137 3,775 - 6,027 Substandard 1,213 799 1,475 1,668 1,878 31,929 - 38,962 Doubtful - - - - - 10 - 10 Loss - - - - - - - - Total single family owner and non-owner occupied $ 241,529 $ 226,603 $ 64,337 $ 48,653 $ 43,772 $ 276,559 $ 1,189 $ 902,642 Owner occupied construction Pass $ 9,689 $ 4,729 $ 178 $ 22 $ 428 $ 1,583 $ - $ 16,629 Special Mention - - - - - - - - Substandard - - - - - 281 - 281 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 9,689 $ 4,729 $ 178 $ 22 $ 428 $ 1,864 $ - $ 16,910 Consumer loans Pass $ 65,018 $ 31,065 $ 16,548 $ 4,980 $ 2,306 $ 10,040 $ 2,225 $ 132,182 Special Mention - - 16 - - - - 16 Substandard 328 663 824 107 78 186 78 2,264 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 65,346 $ 31,728 $ 17,388 $ 5,087 $ 2,384 $ 10,226 $ 2,303 $ 134,462 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Total Loans Pass $ 570,244 $ 467,596 $ 163,786 $ 123,718 $ 104,040 $ 520,187 $ 111,123 $ 2,060,694 Special Mention 1,060 4,197 2,373 3,424 9,360 14,220 708 35,342 Substandard 2,930 2,553 6,470 5,238 6,730 43,328 2,274 69,523 Doubtful - - - - - 10 - 10 Loss - - - - - - - - Total loans $ 574,234 $ 474,346 $ 172,629 $ 132,380 $ 120,130 $ 577,745 $ 114,105 $ 2,165,569 The Company generally places a loan on nonaccrual status when it is 90 June 30, 2022 December 31, 2021 (Amounts in thousands) No Allowance With an Allowance Total No Allowance With an Allowance Total Commercial loans Construction, development, and other land $ 277 $ - $ 277 $ 409 $ - $ 409 Commercial and industrial 435 - 435 1,734 - 1,734 Multi-family residential 266 - 266 208 - 208 Single family non-owner occupied 2,132 - 2,132 2,304 - 2,304 Non-farm, non-residential 2,815 - 2,815 3,439 1,100 4,539 Agricultural 22 - 22 136 - 136 Farmland 133 - 133 222 - 222 Consumer real estate loans Home equity lines 775 - 775 767 - 767 Single family owner occupied 8,816 - 8,816 8,957 - 8,957 Owner occupied construction - - - - - - Consumer and other loans Consumer loans 2,155 - 2,155 1,492 - 1,492 Total nonaccrual loans $ 17,826 $ - $ 17,826 $ 19,668 $ 1,100 $ 20,768 During the second 2022 2021 first six 2022 2021 The following tables presents the aging of past due loans, by loan class, as of the dates indicated. Nonaccrual loans 30 June 30, 2022 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 $ 231 $ 252 $ 25 $ 508 $ 92,332 $ 92,840 $ - Commercial and industrial 346 84 192 622 139,170 139,792 - Multi-family residential 148 - - 148 124,126 124,274 - Single family non-owner occupied 180 327 502 1,009 194,104 195,113 - Non-farm, non-residential 90 16 2,050 2,156 750,213 752,369 - Agricultural 16 - 13 29 9,958 9,987 - Farmland - - 133 133 12,700 12,833 - Consumer real estate loans Home equity lines 405 123 469 997 78,002 78,999 - Single family owner occupied 3,977 2,471 3,017 9,465 712,905 722,370 - Owner occupied construction - - - - 17,331 17,331 - Consumer and other loans Consumer loans 3,002 1,035 1,176 5,213 143,528 148,741 - Other - - - - 5,149 5,149 - Total loans $ 8,395 $ 4,308 $ 7,577 $ 20,280 $ 2,279,518 $ 2,299,798 $ - December 31, 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 $ 52 $ - $ 120 $ 172 $ 65,634 $ 65,806 $ - Commercial and industrial 325 35 1,394 1,754 131,876 133,630 - Multi-family residential 97 - - 97 100,305 100,402 - Single family non-owner occupied 1,210 583 795 2,588 196,190 198,778 - Non-farm, non-residential 1,002 441 2,333 3,776 703,730 707,506 - Agricultural 73 7 101 181 9,160 9,341 - Farmland 52 - 222 274 14,739 15,013 - Consumer real estate loans Home equity lines 275 388 333 996 78,861 79,857 - Single family owner occupied 4,740 2,584 3,880 11,204 692,660 703,864 - Owner occupied construction 139 - - 139 16,771 16,910 - Consumer and other loans Consumer loans 3,469 1,182 1,049 5,700 124,094 129,794 - Other - - - - 4,668 4,668 - Total loans $ 11,434 $ 5,220 $ 10,227 $ 26,881 $ 2,138,688 $ 2,165,569 $ - ASC 326 may June 30, 2022 December 31, 2021 (Amounts in thousands) Balance Collateral Coverage % Balance Collateral Coverage % Commercial Real Estate Hotel $ - $ - - $ - $ - - Office - - - - - - Other 766 972 126.89 % 2,216 2,312 104.33 % Retail - - - - - - Multi-Family Industrial - - - - - - Office - - - - - - Other - - - - - - Commercial and industrial Industrial - - - - - - Other - - - - - - Home equity loans - - - - - - Consumer owner occupied - - - - - - Consumer - - - - - - Total collateral dependent loans $ 766 $ 972 126.89 % $ 2,216 $ 2,312 104.33 % 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. The following table presents loans modified as TDRs, by loan class and accrual status, as of the dates indicated: June 30, 2022 December 31, 2021 (Amounts in thousands) Nonaccrual(1) Accruing Total Nonaccrual(1) Accruing Total Commercial loans Commercial and industrial $ - $ 432 $ 432 $ 396 $ 470 $ 866 Single family non-owner occupied 150 853 1,003 857 1,100 1,957 Non-farm, non-residential - 1,963 1,963 - 2,021 2,021 Consumer real estate loans Home equity lines - 61 61 - 67 67 Single family owner occupied 1,284 4,978 6,262 1,266 4,755 6,021 Owner occupied construction - - - - 212 212 Consumer and other loans Consumer loans - 26 26 - 27 27 Total TDRs $ 1,434 $ 8,313 $ 9,747 $ 2,519 $ 8,652 $ 11,171 Allowance for credit losses related to TDRs $ - $ - ( 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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 (Amounts in thousands) Interest income recognized $ 97 $ 94 $ 202 $ 198 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 June 30, 2022 2021 (Amounts in thousands) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Extended term Single family owner occupied 2 $ 238 $ 245 - $ - $ - Total extended term 2 238 245 - - - Total 2 $ 238 $ 245 - $ - $ - ( 1 Represents the loan balance immediately following modification Six Months Ended June 30, 2022 2021 (Amounts in thousands) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Below market interest rate Single family owner occupied 1 $ 31 $ 31 - $ - $ - Total below market interest rate 1 $ 31 $ 31 - - - Extended payment term Single family owner occupied 2 238 245 - - - Total extended payment term 2 238 245 - - - Payment deferral Non-farm, non-residential - - - 1 1,390 1,374 Total principal deferral - - - 1 1,390 1,374 Total 3 $ 269 $ 276 1 $ 1,390 $ 1,374 ( 1 Represents the loan balance immediately following modification There was one 39 thousand 12 June 30, 2022 none June 30, 2021 The following table provides information about other real estate owned (“OREO”), which consists of properties acquired through foreclosure, as of the dates indicated: June 30, 2022 December 31, 2021 (Amounts in thousands) OREO $ 579 $ 1,015 OREO secured by residential real estate $ 221 $ 337 Residential real estate loans in the foreclosure process (1) $ 2,741 $ 2,210 ( 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 | 6 Months Ended |
Jun. 30, 2022 | |
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 June 30, 2022 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 15,896 $ 9,764 $ 3,321 $ 28,981 Provision for (recovery of) loan losses charged to operations (808 ) 48 1,270 510 Charge-offs (151 ) (88 ) (1,230 ) (1,469 ) Recoveries 1,182 325 220 1,727 Net recoveries (charge-offs) 1,031 237 (1,010 ) 258 Ending balance $ 16,119 $ 10,049 $ 3,581 $ 29,749 Three Months Ended June 30, 2021 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 19,586 $ 11,887 $ 3,090 $ 34,563 (Recovery of) provision for credit losses charged to operations (1,712 ) (986 ) 468 (2,230 ) Charge-offs (1,202 ) (48 ) (652 ) (1,902 ) Recoveries 1,032 202 192 1,426 Net (charge-offs) recoveries (170 ) 154 (460 ) (476 ) Ending balance $ 17,704 $ 11,055 $ 3,098 $ 31,857 Six Months Ended June 30, 2022 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 14,775 $ 9,972 $ 3,111 $ 27,858 Provision for (recovery of) loan losses charged to operations 300 (193 ) 2,364 2,471 Charge-offs (408 ) (94 ) (2,269 ) (2,771 ) Recoveries 1,452 364 375 2,191 Net recoveries (charge-offs) 1,044 270 (1,894 ) (580 ) Ending balance $ 16,119 $ 10,049 $ 3,581 $ 29,749 Six Months Ended June 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 loan losses charged to operations (4,782 ) (2,528 ) 1,079 (6,231 ) Charge-offs (1,959 ) (58 ) (1,615 ) (3,632 ) Recoveries 1,424 545 462 2,431 Net (charge-offs) recoveries (535 ) 487 (1,153 ) (1,201 ) Ending balance $ 17,704 $ 11,055 $ 3,098 $ 31,857 |
Note 6 - Deposits
Note 6 - Deposits | 6 Months Ended |
Jun. 30, 2022 | |
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: June 30, 2022 December 31, 2021 (Amounts in thousands) Noninterest-bearing demand deposits $ 877,962 $ 842,783 Interest-bearing deposits: Interest-bearing demand deposits 702,925 676,254 Money market accounts 302,452 293,915 Savings deposits 589,927 561,576 Certificates of deposit 212,968 237,919 Individual retirement accounts 112,305 116,944 Total interest-bearing deposits 1,920,577 1,886,608 Total deposits $ 2,798,539 $ 2,729,391 |
Note 7 - Leases
Note 7 - Leases | 6 Months Ended |
Jun. 30, 2022 | |
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 to one one July 2029. June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 December 31, 2021 June 30, 2022 not December 31, 2021 Future minimum lease payments as of the dates indicated are as follows: Year June 30, 2022 (Amounts in thousands) 2023 $ 117 2024 121 2025 108 2026 101 2027 and thereafter 311 Total lease payments 758 Less: Interest (44 ) Present value of lease liabilities $ 714 Year December 31, 2021 (Amounts in thousands) 2022 $ 131 2023 119 2024 117 2025 101 2026 and thereafter 362 Total lease payments 830 Less: Interest (60 ) Present value of lease liabilities $ 770 |
Note 8 - Borrowings
Note 8 - Borrowings | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 8 . Borrowings The following table presents the components of borrowings as of the dates indicated: June 30, 2022 December 31, 2021 Weighted Weighted (Amounts in thousands) Balance Average Rate Balance Average Rate Retail repurchase agreements $ 2,635 0.08 % $ 1,536 0.07 % Repurchase agreements are secured by certain securities that remain under the Company’s control during the terms of the agreements. As of June 30, 2022 Unused borrowing capacity with the FHLB totaled $427.55 million, net of FHLB letters of credit of $123.65 million, as of June 30, 2022 June 30, 2022 |
Note 9 - Derivative Instruments
Note 9 - Derivative Instruments and Hedging Activities | 6 Months Ended |
Jun. 30, 2022 | |
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 June 30, 2022 not The following table presents the notional, or contractual, amounts and fair values of derivative instruments as of the dates indicated: June 30, 2022 December 31, 2021 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 $ 4,188 $ 67 $ - $ 4,388 $ - $ 229 Derivatives not designated as hedges Interest rate swaps $ 7,759 $ 59 $ - $ 7,890 $ - $ 608 Total derivatives $ 11,947 $ 126 $ - $ 12,278 $ - $ 837 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 June 30, Six Months Ended June 30, (Amounts in thousands) 2022 2021 2022 2021 Income Statement Location Derivatives designated as hedges Interest rate swaps $ 19 $ 28 $ 44 $ 56 Interest and fees on loans Derivatives not designated as hedges Interest rate swaps $ 32 $ 50 $ 83 $ 118 Interest and fees on loans Total derivative expense $ 51 $ 78 $ 127 $ 174 |
Note 10 - Employee Benefit Plan
Note 10 - Employee Benefit Plans | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | Note 10 . Employee Benefit Plans The Company maintains two 2021; Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Income Statement Location (Amounts in thousands) Service cost $ - $ 88 $ - $ 176 Salaries and employee benefits Interest cost 83 79 166 158 Other expense Amortization of prior service cost - 30 - 61 Other expense Amortization of losses 33 66 67 132 Other expense Net periodic cost $ 116 $ 263 $ 233 $ 527 |
Note 11 - Earnings Per Share
Note 11 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2022 | |
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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 (Amounts in thousands, except share and per share data) Net income $ 11,213 $ 13,403 $ 20,728 $ 28,005 Weighted average common shares outstanding, basic 16,662,817 17,486,182 16,739,624 17,577,552 Dilutive effect of potential common shares Stock options 13,068 34,277 15,266 29,969 Unvested stock awards 6,169 17,123 Performance restricted stock units 561 15,685 834 23,809 Total dilutive effect of potential common shares 19,798 49,962 33,223 53,778 Weighted average common shares outstanding, diluted 16,682,615 17,536,144 16,772,847 17,631,330 Basic earnings per common share $ 0.67 $ 0.77 $ 1.24 $ 1.59 Diluted earnings per common share 0.67 0.76 1.24 1.59 Antidilutive potential common shares Stock options 143,676 - 131,198 13,990 Unvested stock awards - - - 22,311 Total potential antidilutive shares 143,676 - 131,198 36,301 |
Note 12 - Accumulated Other Com
Note 12 - Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Jun. 30, 2022 | |
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 June 30, 2022 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ (4,643 ) $ (1,869 ) $ (6,512 ) Other comprehensive loss before reclassifications (5,174 ) - (5,174 ) Reclassified from AOCI - 26 26 Other comprehensive loss, net (5,174 ) 26 (5,148 ) Ending balance $ (9,817 ) $ (1,843 ) $ (11,660 ) Three Months Ended June 30, 2021 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 460 $ (3,115 ) $ (2,655 ) Other comprehensive income before reclassifications 14 - 14 Reclassified from AOCI - 76 76 Other comprehensive income, net 14 76 90 Ending balance $ 474 $ (3,039 ) $ (2,565 ) Six Months Ended June 30, 2022 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 15 $ (1,561 ) $ (1,546 ) Other comprehensive loss before reclassifications (9,832 ) (335 ) (10,167 ) Reclassified from AOCI - 53 53 Other comprehensive loss, net (9,832 ) (282 ) (10,114 ) Ending balance $ (9,817 ) $ (1,843 ) $ (11,660 ) Six Months Ended June 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 (632 ) (162 ) (794 ) Reclassified from AOCI - 152 152 Other comprehensive loss, net (632 ) (10 ) (642 ) Ending balance $ 474 $ (3,039 ) $ (2,565 ) The following table presents reclassifications out of AOCI, by component, during the periods indicated: Three Months Ended Six Months Ended June 30, June 30, Income Statement (Amounts in thousands) 2022 2021 2022 2021 Line Item Affected Available-for-sale securities Gain recognized $ - $ - $ - $ - Net loss on sale of securities Reclassified out of AOCI, before tax - - - - Income before income taxes Income tax expense - - - - Income tax expense Reclassified out of AOCI, net of tax - - - - Net income Employee benefit plans Amortization of prior service cost $ - $ 31 $ - $ 61 Salaries and employee benefits Amortization of net actuarial benefit cost 33 66 67 132 Salaries and employee benefits Reclassified out of AOCI, before tax 33 97 67 193 Income before income taxes Income tax expense 7 21 14 41 Income tax expense Reclassified out of AOCI, net of tax 26 76 53 152 Net income Total reclassified out of AOCI, net of tax $ 26 $ 76 $ 53 $ 152 Net income ( 1 Amortization is included in net periodic pension cost. See Note 10, |
Note 13 - Fair Value
Note 13 - Fair Value | 6 Months Ended |
Jun. 30, 2022 | |
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: June 30, 2022 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 $ 423 $ - $ 423 $ - U.S. Treasury Notes 134,243 - 134,243 - Municipal securities 24,454 - 24,454 - Corporate Notes 39,105 39,105 Agency mortgage-backed securities 89,542 - 89,542 - Total available-for-sale debt securities 287,767 - 287,767 - Equity securities 55 - 55 - Fair value loans 12,480 - - 12,480 Deferred compensation assets 4,803 4,803 - - Deferred compensation liabilities 4,803 4,803 - - December 31, 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 $ 466 $ - $ 466 $ - Municipal securities 28,794 - 28,794 - Corporate notes 9,919 - 9,919 - Agency mortgage-backed securities 37,113 - 37,113 - Total available-for-sale debt securities 76,292 - 76,292 - Equity securities 55 - 55 - Fair value loans 13,106 - - 13,106 Deferred compensation assets 5,245 5,245 - - Deferred compensation liabilities 5,245 5,245 - - Derivative liabilities 837 - 837 - 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: June 30, 2022 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 766 $ - $ - $ 766 OREO $ 579 $ - $ - $ 579 December 31, 2021 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 2,312 $ - $ - $ 2,312 OREO 1,015 - - 1,015 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 June 30, 2022 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 0% to 0% (0%) OREO Discounted appraisals(1) Appraisal adjustments(2) 10% to 95% (71%) ( 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, 2021 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 0% to 11% (6%) OREO Discounted appraisals(1) Appraisal adjustments(2) 0% to 87% (32%) ( 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: June 30, 2022 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 398,242 $ 398,242 $ 398,242 $ - $ - Debt securities available for sale 287,767 287,767 - 287,767 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,299,798 2,163,191 - - 2,163,191 Derivative financial assets 126 126 - 126 - Interest receivable 8,433 8,433 - 8,433 - Deferred compensation assets 4,803 4,803 4,803 - - Liabilities Time deposits 325,273 325,872 - 325,872 - Securities sold under agreements to repurchase 2,635 2,635 - 2,635 - Interest payable 197 197 - 197 - Deferred compensation liabilities 4,803 4,803 4,803 - - December 31, 2021 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 677,439 $ 677,439 $ 677,439 $ - $ - Debt securities available for sale 76,292 76,292 - 76,292 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,137,711 2,108,513 - - 2,108,513 Interest receivable 7,900 7,900 - 7,900 - Deferred compensation assets 5,245 5,245 5,245 - - Liabilities Time deposits 354,863 352,000 - 352,000 - Securities sold under agreements to repurchase 1,536 1,536 - 1,536 - Interest payable 314 314 - 314 - Deferred compensation liabilities 5,245 5,245 5,245 - - Derivative liabilities 837 837 - 837 - |
Note 14 - Litigation, Commitmen
Note 14 - Litigation, Commitments, and Contingencies | 6 Months Ended |
Jun. 30, 2022 | |
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: June 30, 2022 December 31, 2021 (Amounts in thousands) Commitments to extend credit $ 299,637 $ 272,447 Standby letters of credit and financial guarantees (1) 126,275 153,717 Total off-balance sheet risk $ 425,912 $ 426,164 Allowance for unfunded commitments $ 956 $ 678 ( 1 Includes FHLB letters of credit |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
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, 2021 2021 10 March 3, 2022. December 31, 2021 |
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. 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 June 30, 2022 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 of ASU 2016 13, 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 utilizes 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. 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. 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 June 30, 2022 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 June 30, 2022 |
Risks and Uncertainties Policy [Policy Text Block] | Risks and Uncertainties COVID- 19 During the last two 19” 19 While direct impacts of COVID- 19 June 30, 2022, not 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 Standards Not In March 2022, 2022 02, 326 January 1, 2023, 2016 13, no no |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
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) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] | June 30, 2022 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 425 $ - $ (2 ) $ 423 U.S. Treasury Notes 136,419 - (2,176 ) 134,243 Municipal securities 24,461 51 (58 ) 24,454 Corporate notes 40,625 - (1,520 ) 39,105 Agency mortgage-backed securities 98,265 13 (8,736 ) 89,542 Total $ 300,195 $ 64 $ (12,492 ) $ 287,767 December 31, 2021 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 469 $ — $ (3 ) $ 466 Municipal securities 28,596 198 — 28,794 Corporate notes 9,935 — (16 ) 9,919 Agency mortgage-backed securities 37,273 513 (673 ) 37,113 Total $ 76,273 $ 711 $ (692 ) $ 76,292 |
Investments Classified by Contractual Maturity Date [Table Text Block] | June 30, 2022 Amortized (Amounts in thousands) Cost Fair Value Available-for-sale debt securities Due within one year $ 19,637 $ 19,499 Due after one year but within five years 177,850 174,311 Due after five years but within ten years 4,443 4,415 201,930 198,225 Agency mortgage-backed securities 98,265 89,542 Total debt securities available for sale $ 300,195 $ 287,767 |
Schedule of Unrealized Loss on Investments [Table Text Block] | June 30, 2022 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 $ - $ - $ 416 $ (2 ) $ 416 $ (2 ) U.S. Treasury Notes 134,243 (2,176 ) - - 134,243 (2,176 ) Municipal securities 5,178 (58 ) - - 5,178 (58 ) Corporate notes 38,119 (1,520 ) - - 38,119 (1,520 ) Agency mortgage-backed securities 76,334 (6,381 ) 12,009 (2,355 ) 88,343 (8,736 ) Total $ 253,874 $ (10,135 ) $ 12,425 $ (2,357 ) $ 266,299 $ (12,492 ) December 31, 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 $ — $ — $ 459 $ (3 ) $ 459 $ (3 ) Corporate notes 9,919 (16 ) — — 9,919 (16 ) Agency mortgage-backed securities 14,092 (253 ) 8,384 (420 ) 22,476 (673 ) Total $ 24,011 $ (269 ) $ 8,843 $ (423 ) $ 32,854 $ (692 ) |
Note 3 - Loans (Tables)
Note 3 - Loans (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, 2022 December 31, 2021 (Amounts in thousands) Amount Percent Amount Percent Loans held for investment Commercial loans Construction, development, and other land $ 92,840 4.04 % $ 65,806 3.04 % Commercial and industrial 139,792 6.08 % 133,630 6.17 % Multi-family residential 124,274 5.40 % 100,402 4.64 % Single family non-owner occupied 195,113 8.48 % 198,778 9.18 % Non-farm, non-residential 752,369 32.72 % 707,506 32.67 % Agricultural 9,987 0.43 % 9,341 0.43 % Farmland 12,833 0.56 % 15,013 0.69 % Total commercial loans 1,327,208 57.71 % 1,230,476 56.82 % Consumer real estate loans Home equity lines 78,999 3.44 % 79,857 3.69 % Single family owner occupied 722,370 31.41 % 703,864 32.50 % Owner occupied construction 17,331 0.75 % 16,910 0.78 % Total consumer real estate loans 818,700 35.60 % 800,631 36.97 % Consumer and other loans Consumer loans 148,741 6.47 % 129,794 5.99 % Other 5,149 0.22 % 4,668 0.22 % Total consumer and other loans 153,890 6.69 % 134,462 6.21 % Total loans held for investment, net of unearned income $ 2,299,798 100.00 % $ 2,165,569 100.00 % |
Note 4 - Credit Quality (Tables
Note 4 - Credit Quality (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Financing Receivable Credit Quality Indicators [Table Text Block] | June 30, 2022 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 91,872 $ 417 $ 551 $ - $ - $ 92,840 Commercial and industrial 136,353 982 2,457 - - 139,792 Multi-family residential 123,403 649 222 - - 124,274 Single family non-owner occupied 184,275 2,287 8,551 - - 195,113 Non-farm, non-residential 723,467 16,794 12,108 - - 752,369 Agricultural 9,754 54 179 - - 9,987 Farmland 10,584 603 1,646 - - 12,833 Consumer real estate loans Home equity lines 75,540 430 3,029 - - 78,999 Single family owner occupied 692,766 2,041 27,563 - - 722,370 Owner occupied construction 17,167 - 164 - - 17,331 Consumer and other loans Consumer loans 145,934 11 2,796 - - 148,741 Other 5,149 - - - - 5,149 Total loans $ 2,216,264 $ 24,268 $ 59,266 $ - $ - $ 2,299,798 December 31, 2021 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 64,498 $ 451 $ 857 $ - $ - $ 65,806 Commercial and industrial 128,770 1,005 3,855 - - 133,630 Multi-family residential 98,457 1,090 855 - - 100,402 Single family non-owner occupied 186,184 3,607 8,977 10 - 198,778 Non-farm, non-residential 665,559 25,624 16,323 - - 707,506 Agricultural 8,758 70 513 - - 9,341 Farmland 11,939 633 2,441 - - 15,013 Consumer real estate loans Home equity lines 76,259 426 3,172 - - 79,857 Single family owner occupied 671,459 2,420 29,985 - - 703,864 Owner occupied construction 16,629 - 281 - - 16,910 Consumer and other loans Consumer loans 127,514 16 2,264 - - 129,794 Other 4,668 - - - - 4,668 Total loans $ 2,060,694 $ 35,342 $ 69,523 $ 10 $ - $ 2,165,569 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Construction, development and other land Pass $ 19,079 $ 49,774 $ 10,616 $ 2,732 $ 3,037 $ 6,280 $ 354 $ 91,872 Special Mention - - - - 111 270 36 417 Substandard - - 255 36 12 248 - 551 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 19,079 $ 49,774 $ 10,871 $ 2,768 $ 3,160 $ 6,798 $ 390 $ 92,840 Commercial and industrial Pass $ 44,408 $ 28,875 $ 15,160 $ 10,273 $ 11,012 $ 8,013 $ 16,545 $ 134,286 Special Mention - 25 35 601 226 - 95 982 Substandard 145 176 222 588 231 578 517 2,457 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial and industrial $ 44,553 $ 29,076 $ 15,417 $ 11,462 $ 11,469 $ 8,591 $ 17,157 $ 137,725 Paycheck Protection Loans Pass $ - $ 2,038 $ 29 $ - $ - $ - $ - $ 2,067 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Loss - - - - - - - - Total Paycheck Protection Loans $ - $ 2,038 $ 29 $ - $ - $ - $ - $ 2,067 Multi-family residential Pass $ 33,938 $ 10,932 $ 23,800 $ 4,354 $ 1,807 $ 47,638 $ 934 $ 123,403 Special Mention - - - - - 649 - 649 Substandard - - - - - 222 - 222 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 33,938 $ 10,932 $ 23,800 $ 4,354 $ 1,807 $ 48,509 $ 934 $ 124,274 Non-farm, non-residential Pass $ 134,331 $ 139,073 $ 129,979 $ 57,546 $ 39,902 $ 208,618 $ 14,018 $ 723,467 Special Mention - 1,969 868 1,216 2,571 10,020 150 16,794 Substandard - 1,144 692 2,471 722 6,851 228 12,108 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 134,331 $ 142,186 $ 131,539 $ 61,233 $ 43,195 $ 225,489 $ 14,396 $ 752,369 Agricultural Pass $ 2,560 $ 3,779 $ 1,258 $ 601 $ 407 $ 715 $ 434 $ 9,754 Special Mention - 37 17 - - - - 54 Substandard - 40 7 84 36 12 - 179 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 2,560 $ 3,856 $ 1,282 $ 685 $ 443 $ 727 $ 434 $ 9,987 Farmland Pass $ 166 $ 727 $ 1,002 $ 77 $ 903 $ 6,176 $ 1,533 $ 10,584 Special Mention - 110 - - 232 261 - 603 Substandard - - 13 - 257 1,376 - 1,646 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 166 $ 837 $ 1,015 $ 77 $ 1,392 $ 7,813 $ 1,533 $ 12,833 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Home equity lines Pass $ 1,026 $ 102 $ - $ - $ 62 $ 861 $ 73,489 $ 75,540 Special Mention - - - - - - 430 430 Substandard - - 85 36 205 1,253 1,450 3,029 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 1,026 $ 102 $ 85 $ 36 $ 267 $ 2,114 $ 75,369 $ 78,999 Single family Mortgage Pass $ 92,181 $ 235,009 $ 213,126 $ 54,675 $ 39,796 $ 241,066 $ 1,188 $ 877,041 Special Mention - 387 85 372 266 3,218 - 4,328 Substandard 382 1,041 715 1,082 2,172 30,722 - 36,114 Doubtful - - - - - - - - Loss - - - - - - - - Total single family owner and non-owner occupied $ 92,563 $ 236,437 $ 213,926 $ 56,129 $ 42,234 $ 275,006 $ 1,188 $ 917,483 Owner occupied construction Pass $ 2,591 $ 11,768 $ 2,005 $ 32 $ 16 $ 755 $ - $ 17,167 Special Mention - - - - - - - - Substandard - - 163 - - 1 - 164 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 2,591 $ 11,768 $ 2,168 $ 32 $ 16 $ 756 $ - $ 17,331 Consumer loans Pass $ 53,360 $ 49,325 $ 22,059 $ 11,474 $ 3,844 $ 8,796 $ 2,225 $ 151,083 Special Mention - 3 - 7 - - 1 11 Substandard 55 1,049 730 645 52 189 76 2,796 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 53,415 $ 50,377 $ 22,789 $ 12,126 $ 3,896 $ 8,985 $ 2,302 $ 153,890 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Total Loans Pass $ 383,640 $ 531,402 $ 419,034 $ 141,764 $ 100,786 $ 528,918 $ 110,720 $ 2,216,264 Special Mention - 2,531 1,005 2,196 3,406 14,418 712 24,268 Substandard 582 3,450 2,882 4,942 3,687 41,452 2,271 59,266 Doubtful - - - - - - - - Loss - - - - - - - - Total loans $ 384,222 $ 537,383 $ 422,921 $ 148,902 $ 107,879 $ 584,788 $ 113,703 $ 2,299,798 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Construction, development and other land Pass $ 40,207 $ 10,127 $ 3,081 $ 3,704 $ 1,308 $ 5,717 $ 354 $ 64,498 Special Mention - 266 - 128 - 21 36 451 Substandard - - 128 11 291 427 - 857 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 40,207 $ 10,393 $ 3,209 $ 3,843 $ 1,599 $ 6,165 $ 390 $ 65,806 Commercial and industrial Pass $ 34,539 $ 18,887 $ 13,679 $ 13,772 $ 4,817 $ 5,890 $ 16,544 $ 108,128 Special Mention 32 60 597 192 28 - 96 1,005 Substandard 184 355 706 384 842 866 518 3,855 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial and industrial $ 34,755 $ 19,302 $ 14,982 $ 14,348 $ 5,687 $ 6,756 $ 17,158 $ 112,988 Paycheck Protection Loans Pass $ 16,482 $ 4,160 $ - $ - $ - $ - $ - $ 20,642 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Loss - - - - - - - - Total Paycheck Protection Loans $ 16,482 $ 4,160 $ - $ - $ - $ - $ - $ 20,642 Multi-family residential Pass $ 11,307 $ 24,299 $ 4,644 $ 1,897 $ 8,413 $ 46,962 $ 935 $ 98,457 Special Mention - - - - - 1,090 - 1,090 Substandard - - - - - 855 - 855 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 11,307 $ 24,299 $ 4,644 $ 1,897 $ 8,413 $ 48,907 $ 935 $ 100,402 Non-farm, non-residential Pass $ 147,978 $ 146,381 $ 62,651 $ 50,943 $ 43,776 $ 199,812 $ 14,018 $ 665,559 Special Mention 397 3,334 823 2,595 9,190 9,135 150 25,624 Substandard 1,161 711 2,508 2,531 3,232 5,953 227 16,323 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 149,536 $ 150,426 $ 65,982 $ 56,069 $ 56,198 $ 214,900 $ 14,395 $ 707,506 Agricultural Pass $ 4,564 $ 1,548 $ 998 $ 534 $ 346 $ 335 $ 433 $ 8,758 Special Mention 43 27 - - - - - 70 Substandard 44 11 282 39 17 120 - 513 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 4,651 $ 1,586 $ 1,280 $ 573 $ 363 $ 455 $ 433 $ 9,341 Farmland Pass $ 428 $ 1,047 $ 82 $ 1,125 $ 887 $ 6,835 $ 1,535 $ 11,939 Special Mention 189 - - 240 5 199 - 633 Substandard - 14 519 249 264 1,395 - 2,441 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 617 $ 1,061 $ 601 $ 1,614 $ 1,156 $ 8,429 $ 1,535 $ 15,013 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Home equity lines Pass $ 115 $ 59 $ - $ 25 $ 2 $ 2,168 $ 73,890 $ 76,259 Special Mention - - - - - - 426 426 Substandard - - 28 249 128 1,316 1,451 3,172 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 115 $ 59 $ 28 $ 274 $ 130 $ 3,484 $ 75,767 $ 79,857 Single family Mortgage Pass $ 239,917 $ 225,294 $ 61,925 $ 46,716 $ 41,757 $ 240,845 $ 1,189 $ 857,643 Special Mention 399 510 937 269 137 3,775 - 6,027 Substandard 1,213 799 1,475 1,668 1,878 31,929 - 38,962 Doubtful - - - - - 10 - 10 Loss - - - - - - - - Total single family owner and non-owner occupied $ 241,529 $ 226,603 $ 64,337 $ 48,653 $ 43,772 $ 276,559 $ 1,189 $ 902,642 Owner occupied construction Pass $ 9,689 $ 4,729 $ 178 $ 22 $ 428 $ 1,583 $ - $ 16,629 Special Mention - - - - - - - - Substandard - - - - - 281 - 281 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 9,689 $ 4,729 $ 178 $ 22 $ 428 $ 1,864 $ - $ 16,910 Consumer loans Pass $ 65,018 $ 31,065 $ 16,548 $ 4,980 $ 2,306 $ 10,040 $ 2,225 $ 132,182 Special Mention - - 16 - - - - 16 Substandard 328 663 824 107 78 186 78 2,264 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 65,346 $ 31,728 $ 17,388 $ 5,087 $ 2,384 $ 10,226 $ 2,303 $ 134,462 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Total Total Loans Pass $ 570,244 $ 467,596 $ 163,786 $ 123,718 $ 104,040 $ 520,187 $ 111,123 $ 2,060,694 Special Mention 1,060 4,197 2,373 3,424 9,360 14,220 708 35,342 Substandard 2,930 2,553 6,470 5,238 6,730 43,328 2,274 69,523 Doubtful - - - - - 10 - 10 Loss - - - - - - - - Total loans $ 574,234 $ 474,346 $ 172,629 $ 132,380 $ 120,130 $ 577,745 $ 114,105 $ 2,165,569 |
Financing Receivable, Nonaccrual [Table Text Block] | June 30, 2022 December 31, 2021 (Amounts in thousands) No Allowance With an Allowance Total No Allowance With an Allowance Total Commercial loans Construction, development, and other land $ 277 $ - $ 277 $ 409 $ - $ 409 Commercial and industrial 435 - 435 1,734 - 1,734 Multi-family residential 266 - 266 208 - 208 Single family non-owner occupied 2,132 - 2,132 2,304 - 2,304 Non-farm, non-residential 2,815 - 2,815 3,439 1,100 4,539 Agricultural 22 - 22 136 - 136 Farmland 133 - 133 222 - 222 Consumer real estate loans Home equity lines 775 - 775 767 - 767 Single family owner occupied 8,816 - 8,816 8,957 - 8,957 Owner occupied construction - - - - - - Consumer and other loans Consumer loans 2,155 - 2,155 1,492 - 1,492 Total nonaccrual loans $ 17,826 $ - $ 17,826 $ 19,668 $ 1,100 $ 20,768 |
Financing Receivable, Past Due [Table Text Block] | June 30, 2022 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 $ 231 $ 252 $ 25 $ 508 $ 92,332 $ 92,840 $ - Commercial and industrial 346 84 192 622 139,170 139,792 - Multi-family residential 148 - - 148 124,126 124,274 - Single family non-owner occupied 180 327 502 1,009 194,104 195,113 - Non-farm, non-residential 90 16 2,050 2,156 750,213 752,369 - Agricultural 16 - 13 29 9,958 9,987 - Farmland - - 133 133 12,700 12,833 - Consumer real estate loans Home equity lines 405 123 469 997 78,002 78,999 - Single family owner occupied 3,977 2,471 3,017 9,465 712,905 722,370 - Owner occupied construction - - - - 17,331 17,331 - Consumer and other loans Consumer loans 3,002 1,035 1,176 5,213 143,528 148,741 - Other - - - - 5,149 5,149 - Total loans $ 8,395 $ 4,308 $ 7,577 $ 20,280 $ 2,279,518 $ 2,299,798 $ - December 31, 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 $ 52 $ - $ 120 $ 172 $ 65,634 $ 65,806 $ - Commercial and industrial 325 35 1,394 1,754 131,876 133,630 - Multi-family residential 97 - - 97 100,305 100,402 - Single family non-owner occupied 1,210 583 795 2,588 196,190 198,778 - Non-farm, non-residential 1,002 441 2,333 3,776 703,730 707,506 - Agricultural 73 7 101 181 9,160 9,341 - Farmland 52 - 222 274 14,739 15,013 - Consumer real estate loans Home equity lines 275 388 333 996 78,861 79,857 - Single family owner occupied 4,740 2,584 3,880 11,204 692,660 703,864 - Owner occupied construction 139 - - 139 16,771 16,910 - Consumer and other loans Consumer loans 3,469 1,182 1,049 5,700 124,094 129,794 - Other - - - - 4,668 4,668 - Total loans $ 11,434 $ 5,220 $ 10,227 $ 26,881 $ 2,138,688 $ 2,165,569 $ - |
Collateral Dependent Loans [Table Text Block] | June 30, 2022 December 31, 2021 (Amounts in thousands) Balance Collateral Coverage % Balance Collateral Coverage % Commercial Real Estate Hotel $ - $ - - $ - $ - - Office - - - - - - Other 766 972 126.89 % 2,216 2,312 104.33 % Retail - - - - - - Multi-Family Industrial - - - - - - Office - - - - - - Other - - - - - - Commercial and industrial Industrial - - - - - - Other - - - - - - Home equity loans - - - - - - Consumer owner occupied - - - - - - Consumer - - - - - - Total collateral dependent loans $ 766 $ 972 126.89 % $ 2,216 $ 2,312 104.33 % |
Trouble Debt Restructuring Accrual Status [Table Text Block] | June 30, 2022 December 31, 2021 (Amounts in thousands) Nonaccrual(1) Accruing Total Nonaccrual(1) Accruing Total Commercial loans Commercial and industrial $ - $ 432 $ 432 $ 396 $ 470 $ 866 Single family non-owner occupied 150 853 1,003 857 1,100 1,957 Non-farm, non-residential - 1,963 1,963 - 2,021 2,021 Consumer real estate loans Home equity lines - 61 61 - 67 67 Single family owner occupied 1,284 4,978 6,262 1,266 4,755 6,021 Owner occupied construction - - - - 212 212 Consumer and other loans Consumer loans - 26 26 - 27 27 Total TDRs $ 1,434 $ 8,313 $ 9,747 $ 2,519 $ 8,652 $ 11,171 Allowance for credit losses related to TDRs $ - $ - |
Interest Income Related to Troubled Debt Restructurings [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (Amounts in thousands) Interest income recognized $ 97 $ 94 $ 202 $ 198 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | Three Months Ended June 30, 2022 2021 (Amounts in thousands) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Extended term Single family owner occupied 2 $ 238 $ 245 - $ - $ - Total extended term 2 238 245 - - - Total 2 $ 238 $ 245 - $ - $ - Six Months Ended June 30, 2022 2021 (Amounts in thousands) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Below market interest rate Single family owner occupied 1 $ 31 $ 31 - $ - $ - Total below market interest rate 1 $ 31 $ 31 - - - Extended payment term Single family owner occupied 2 238 245 - - - Total extended payment term 2 238 245 - - - Payment deferral Non-farm, non-residential - - - 1 1,390 1,374 Total principal deferral - - - 1 1,390 1,374 Total 3 $ 269 $ 276 1 $ 1,390 $ 1,374 |
Other Real Estate Owned [Table Text Block] | June 30, 2022 December 31, 2021 (Amounts in thousands) OREO $ 579 $ 1,015 OREO secured by residential real estate $ 221 $ 337 Residential real estate loans in the foreclosure process (1) $ 2,741 $ 2,210 |
Note 5 - Allowance for Credit_2
Note 5 - Allowance for Credit Losses (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Three Months Ended June 30, 2022 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 15,896 $ 9,764 $ 3,321 $ 28,981 Provision for (recovery of) loan losses charged to operations (808 ) 48 1,270 510 Charge-offs (151 ) (88 ) (1,230 ) (1,469 ) Recoveries 1,182 325 220 1,727 Net recoveries (charge-offs) 1,031 237 (1,010 ) 258 Ending balance $ 16,119 $ 10,049 $ 3,581 $ 29,749 Three Months Ended June 30, 2021 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 19,586 $ 11,887 $ 3,090 $ 34,563 (Recovery of) provision for credit losses charged to operations (1,712 ) (986 ) 468 (2,230 ) Charge-offs (1,202 ) (48 ) (652 ) (1,902 ) Recoveries 1,032 202 192 1,426 Net (charge-offs) recoveries (170 ) 154 (460 ) (476 ) Ending balance $ 17,704 $ 11,055 $ 3,098 $ 31,857 Six Months Ended June 30, 2022 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Beginning balance $ 14,775 $ 9,972 $ 3,111 $ 27,858 Provision for (recovery of) loan losses charged to operations 300 (193 ) 2,364 2,471 Charge-offs (408 ) (94 ) (2,269 ) (2,771 ) Recoveries 1,452 364 375 2,191 Net recoveries (charge-offs) 1,044 270 (1,894 ) (580 ) Ending balance $ 16,119 $ 10,049 $ 3,581 $ 29,749 Six Months Ended June 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 loan losses charged to operations (4,782 ) (2,528 ) 1,079 (6,231 ) Charge-offs (1,959 ) (58 ) (1,615 ) (3,632 ) Recoveries 1,424 545 462 2,431 Net (charge-offs) recoveries (535 ) 487 (1,153 ) (1,201 ) Ending balance $ 17,704 $ 11,055 $ 3,098 $ 31,857 |
Note 6 - Deposits (Tables)
Note 6 - Deposits (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | June 30, 2022 December 31, 2021 (Amounts in thousands) Noninterest-bearing demand deposits $ 877,962 $ 842,783 Interest-bearing deposits: Interest-bearing demand deposits 702,925 676,254 Money market accounts 302,452 293,915 Savings deposits 589,927 561,576 Certificates of deposit 212,968 237,919 Individual retirement accounts 112,305 116,944 Total interest-bearing deposits 1,920,577 1,886,608 Total deposits $ 2,798,539 $ 2,729,391 |
Note 7 - Leases (Tables)
Note 7 - Leases (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Year June 30, 2022 (Amounts in thousands) 2023 $ 117 2024 121 2025 108 2026 101 2027 and thereafter 311 Total lease payments 758 Less: Interest (44 ) Present value of lease liabilities $ 714 Year December 31, 2021 (Amounts in thousands) 2022 $ 131 2023 119 2024 117 2025 101 2026 and thereafter 362 Total lease payments 830 Less: Interest (60 ) Present value of lease liabilities $ 770 |
Note 8 - Borrowings (Tables)
Note 8 - Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | June 30, 2022 December 31, 2021 Weighted Weighted (Amounts in thousands) Balance Average Rate Balance Average Rate Retail repurchase agreements $ 2,635 0.08 % $ 1,536 0.07 % |
Note 9 - Derivative Instrumen_2
Note 9 - Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | June 30, 2022 December 31, 2021 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 $ 4,188 $ 67 $ - $ 4,388 $ - $ 229 Derivatives not designated as hedges Interest rate swaps $ 7,759 $ 59 $ - $ 7,890 $ - $ 608 Total derivatives $ 11,947 $ 126 $ - $ 12,278 $ - $ 837 |
Derivative Instruments, Gain (Loss) [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands) 2022 2021 2022 2021 Income Statement Location Derivatives designated as hedges Interest rate swaps $ 19 $ 28 $ 44 $ 56 Interest and fees on loans Derivatives not designated as hedges Interest rate swaps $ 32 $ 50 $ 83 $ 118 Interest and fees on loans Total derivative expense $ 51 $ 78 $ 127 $ 174 |
Note 10 - Employee Benefit Pl_2
Note 10 - Employee Benefit Plans (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Net Benefit Costs [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Income Statement Location (Amounts in thousands) Service cost $ - $ 88 $ - $ 176 Salaries and employee benefits Interest cost 83 79 166 158 Other expense Amortization of prior service cost - 30 - 61 Other expense Amortization of losses 33 66 67 132 Other expense Net periodic cost $ 116 $ 263 $ 233 $ 527 |
Note 11 - Earnings Per Share (T
Note 11 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (Amounts in thousands, except share and per share data) Net income $ 11,213 $ 13,403 $ 20,728 $ 28,005 Weighted average common shares outstanding, basic 16,662,817 17,486,182 16,739,624 17,577,552 Dilutive effect of potential common shares Stock options 13,068 34,277 15,266 29,969 Unvested stock awards 6,169 17,123 Performance restricted stock units 561 15,685 834 23,809 Total dilutive effect of potential common shares 19,798 49,962 33,223 53,778 Weighted average common shares outstanding, diluted 16,682,615 17,536,144 16,772,847 17,631,330 Basic earnings per common share $ 0.67 $ 0.77 $ 1.24 $ 1.59 Diluted earnings per common share 0.67 0.76 1.24 1.59 Antidilutive potential common shares Stock options 143,676 - 131,198 13,990 Unvested stock awards - - - 22,311 Total potential antidilutive shares 143,676 - 131,198 36,301 |
Note 12 - Accumulated Other C_2
Note 12 - Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Three Months Ended June 30, 2022 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ (4,643 ) $ (1,869 ) $ (6,512 ) Other comprehensive loss before reclassifications (5,174 ) - (5,174 ) Reclassified from AOCI - 26 26 Other comprehensive loss, net (5,174 ) 26 (5,148 ) Ending balance $ (9,817 ) $ (1,843 ) $ (11,660 ) Three Months Ended June 30, 2021 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 460 $ (3,115 ) $ (2,655 ) Other comprehensive income before reclassifications 14 - 14 Reclassified from AOCI - 76 76 Other comprehensive income, net 14 76 90 Ending balance $ 474 $ (3,039 ) $ (2,565 ) Six Months Ended June 30, 2022 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 15 $ (1,561 ) $ (1,546 ) Other comprehensive loss before reclassifications (9,832 ) (335 ) (10,167 ) Reclassified from AOCI - 53 53 Other comprehensive loss, net (9,832 ) (282 ) (10,114 ) Ending balance $ (9,817 ) $ (1,843 ) $ (11,660 ) Six Months Ended June 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 (632 ) (162 ) (794 ) Reclassified from AOCI - 152 152 Other comprehensive loss, net (632 ) (10 ) (642 ) Ending balance $ 474 $ (3,039 ) $ (2,565 ) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, Income Statement (Amounts in thousands) 2022 2021 2022 2021 Line Item Affected Available-for-sale securities Gain recognized $ - $ - $ - $ - Net loss on sale of securities Reclassified out of AOCI, before tax - - - - Income before income taxes Income tax expense - - - - Income tax expense Reclassified out of AOCI, net of tax - - - - Net income Employee benefit plans Amortization of prior service cost $ - $ 31 $ - $ 61 Salaries and employee benefits Amortization of net actuarial benefit cost 33 66 67 132 Salaries and employee benefits Reclassified out of AOCI, before tax 33 97 67 193 Income before income taxes Income tax expense 7 21 14 41 Income tax expense Reclassified out of AOCI, net of tax 26 76 53 152 Net income Total reclassified out of AOCI, net of tax $ 26 $ 76 $ 53 $ 152 Net income |
Note 13 - Fair Value (Tables)
Note 13 - Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | June 30, 2022 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 $ 423 $ - $ 423 $ - U.S. Treasury Notes 134,243 - 134,243 - Municipal securities 24,454 - 24,454 - Corporate Notes 39,105 39,105 Agency mortgage-backed securities 89,542 - 89,542 - Total available-for-sale debt securities 287,767 - 287,767 - Equity securities 55 - 55 - Fair value loans 12,480 - - 12,480 Deferred compensation assets 4,803 4,803 - - Deferred compensation liabilities 4,803 4,803 - - December 31, 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 $ 466 $ - $ 466 $ - Municipal securities 28,794 - 28,794 - Corporate notes 9,919 - 9,919 - Agency mortgage-backed securities 37,113 - 37,113 - Total available-for-sale debt securities 76,292 - 76,292 - Equity securities 55 - 55 - Fair value loans 13,106 - - 13,106 Deferred compensation assets 5,245 5,245 - - Deferred compensation liabilities 5,245 5,245 - - Derivative liabilities 837 - 837 - |
Fair Value Measurements, Nonrecurring [Table Text Block] | June 30, 2022 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 766 $ - $ - $ 766 OREO $ 579 $ - $ - $ 579 December 31, 2021 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 2,312 $ - $ - $ 2,312 OREO 1,015 - - 1,015 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Discount Range Valuation Unobservable (Weighted Average) Technique Input June 30, 2022 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 0% to 0% (0%) OREO Discounted appraisals(1) Appraisal adjustments(2) 10% to 95% (71%) Discount Range Valuation Unobservable (Weighted Average) Technique Input December 31, 2021 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 0% to 11% (6%) OREO Discounted appraisals(1) Appraisal adjustments(2) 0% to 87% (32%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | June 30, 2022 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 398,242 $ 398,242 $ 398,242 $ - $ - Debt securities available for sale 287,767 287,767 - 287,767 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,299,798 2,163,191 - - 2,163,191 Derivative financial assets 126 126 - 126 - Interest receivable 8,433 8,433 - 8,433 - Deferred compensation assets 4,803 4,803 4,803 - - Liabilities Time deposits 325,273 325,872 - 325,872 - Securities sold under agreements to repurchase 2,635 2,635 - 2,635 - Interest payable 197 197 - 197 - Deferred compensation liabilities 4,803 4,803 4,803 - - December 31, 2021 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 677,439 $ 677,439 $ 677,439 $ - $ - Debt securities available for sale 76,292 76,292 - 76,292 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,137,711 2,108,513 - - 2,108,513 Interest receivable 7,900 7,900 - 7,900 - Deferred compensation assets 5,245 5,245 5,245 - - Liabilities Time deposits 354,863 352,000 - 352,000 - Securities sold under agreements to repurchase 1,536 1,536 - 1,536 - Interest payable 314 314 - 314 - Deferred compensation liabilities 5,245 5,245 5,245 - - Derivative liabilities 837 837 - 837 - |
Note 14 - Litigation, Commitm_2
Note 14 - Litigation, Commitments, and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block] | June 30, 2022 December 31, 2021 (Amounts in thousands) Commitments to extend credit $ 299,637 $ 272,447 Standby letters of credit and financial guarantees (1) 126,275 153,717 Total off-balance sheet risk $ 425,912 $ 426,164 Allowance for unfunded commitments $ 956 $ 678 |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation (Details Textual) | 6 Months Ended | |||||||||
Jan. 01, 2021 USD ($) | Jun. 30, 2022 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Jun. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | ||||
Number of Operating Segments | 1 | |||||||||
Retained Earnings (Accumulated Deficit), Total | $ 237,585,000 | [1] | $ 276,499,000 | $ 264,824,000 | [2] | |||||
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Total | 1,320,000 | |||||||||
Minimum Principal Balance of Loans for Quarterly Rating Review | 500,000 | |||||||||
Financing Receivable, Accrued Interest, after Allowance for Credit Loss | 7,110,000 | 7,540,000 | ||||||||
Off-Balance-Sheet, Credit Loss, Liability, Ending Balance | [3] | 66,000 | ||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | 26,182,000 | [4] | 29,749,000 | $ 28,981,000 | 27,858,000 | [2] | $ 31,857,000 | $ 34,563,000 | $ 26,182,000 | |
Deferred Tax Assets, Net of Valuation Allowance, Total | [5] | 17,493,000 | ||||||||
Other Assets, Total | 109,085,000 | $ 106,691,000 | [2] | |||||||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | $ 5,880,000 | |||||||||
Other Liabilities [Member] | ||||||||||
Off-Balance-Sheet, Credit Loss, Liability, Ending Balance | $ 956,000,000 | |||||||||
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), Total | [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 | [5] | $ 1,813,000 | ||||||||
[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. Includes additional reserve related to purchased deteriorated loans of $5.88 million.[5]Effect of deferred tax assets related to the adjustment to the ACL form the adoption of ASU 2016-13 using a 23.37% tax rate. |
Note 1 - Basis of Presentatio_3
Note 1 - Basis of Presentation - Impact of ASU 2016-13 (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Jan. 01, 2021 | Dec. 31, 2020 | |||
Securities available for sale, fair value | $ 287,767 | $ 76,292 | [1] | $ 83,358 | [2] | |||||
Loans | 2,299,798 | 2,165,569 | ||||||||
Allowance for credit losses on loans | (29,749) | $ (28,981) | (27,858) | [1] | $ (31,857) | $ (34,563) | (26,182) | [3] | $ (26,182) | |
Deferred Tax Assets, Net of Valuation Allowance, Total | [4] | 17,493 | ||||||||
Accrued interest receivable - loans | 8,433 | 7,900 | [1] | 9,052 | [5] | |||||
Allowance for credit losses on off-balance sheet credit exposures | [6] | 66 | ||||||||
Retained Earnings (Accumulated Deficit), Total | $ 276,499 | $ 264,824 | [1] | 237,585 | [7] | |||||
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | ||||||||||
Loans | 2,146,972 | |||||||||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||||||
Loans | [5] | 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 | [2] | 83,358 | ||||||||
Allowance for credit losses on loans | [3] | (39,289) | ||||||||
Deferred Tax Assets, Net of Valuation Allowance, Total | [4] | 19,306 | ||||||||
Accrued interest receivable - loans | [5] | 9,109 | ||||||||
Allowance for credit losses on off-balance sheet credit exposures | [6] | 575 | ||||||||
Retained Earnings (Accumulated Deficit), Total | [7] | 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 | [5] | 45,535 | ||||||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | ||||||||||
Securities available for sale, fair value | [2] | 0 | ||||||||
Allowance for credit losses on loans | (13,107) | [3] | $ (13,107) | |||||||
Deferred Tax Assets, Net of Valuation Allowance, Total | [4] | 1,813 | ||||||||
Accrued interest receivable - loans | [5] | 57 | ||||||||
Allowance for credit losses on off-balance sheet credit exposures | [6] | 509 | ||||||||
Retained Earnings (Accumulated Deficit), Total | [7] | (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 | [5] | $ 5,875 | ||||||||
[1]Derived from audited financial statements[2]Per our analysis no ACL was necessary for investment securities available for sale.[3]Calculated adjustment to the ACL related to the adoption of ASU 2016-13. Includes additional reserve related to purchased deteriorated loans of $5.88 million.[4]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.[5]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.[6]Adjustment to the reserve for unfunded commitments related to the adoption of ASU 2016-13.[7]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 | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | |
Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings | $ 0 | ||||
Number of Securities in Unrealized Loss Position | 90 | 90 | 23 | ||
Percentage of Combined Depreciation of Combined Reported Value of Aggregate Securities Portfolio | 4.34% | 4.34% | 0.91% | ||
Debt Securities, Available-for-Sale, Realized Gain (Loss), Total | $ 0 | $ 0 | $ 0 | $ 0 | |
Debt Securities, Available-for-Sale, Amortized Cost, Total | 300,195 | 300,195 | $ 76,273 | ||
Asset Pledged as Collateral [Member] | |||||
Debt Securities, Available-for-Sale, Amortized Cost, Total | $ 34,220 | $ 34,220 | $ 22,150 |
Note 2 - Debt Securities - Secu
Note 2 - Debt Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | Jan. 01, 2021 | [2] | |
Securities available for sale, amortized cost | $ 300,195 | $ 76,273 | |||
Securities available for sale, unrealized gains | 64 | 711 | |||
Securities available for sale, unrealized losses | (12,492) | (692) | |||
Securities available for sale, fair value | 287,767 | 76,292 | [1] | $ 83,358 | |
US Government Agencies Debt Securities [Member] | |||||
Securities available for sale, amortized cost | 425 | 469 | |||
Securities available for sale, unrealized gains | 0 | 0 | |||
Securities available for sale, unrealized losses | (2) | (3) | |||
Securities available for sale, fair value | 423 | 466 | |||
US Treasury Securities [Member] | |||||
Securities available for sale, amortized cost | 136,419 | ||||
Securities available for sale, unrealized gains | 0 | ||||
Securities available for sale, unrealized losses | (2,176) | ||||
Securities available for sale, fair value | 134,243 | ||||
US States and Political Subdivisions Debt Securities [Member] | |||||
Securities available for sale, amortized cost | 24,461 | 28,596 | |||
Securities available for sale, unrealized gains | 51 | 198 | |||
Securities available for sale, unrealized losses | (58) | 0 | |||
Securities available for sale, fair value | 24,454 | 28,794 | |||
Corporate Debt Securities [Member] | |||||
Securities available for sale, amortized cost | 40,625 | 9,935 | |||
Securities available for sale, unrealized gains | 0 | 0 | |||
Securities available for sale, unrealized losses | (1,520) | (16) | |||
Securities available for sale, fair value | 39,105 | 9,919 | |||
Mortgage-backed Agency Securities [Member] | |||||
Securities available for sale, amortized cost | 98,265 | 37,273 | |||
Securities available for sale, unrealized gains | 13 | 513 | |||
Securities available for sale, unrealized losses | (8,736) | (673) | |||
Securities available for sale, fair value | $ 89,542 | $ 37,113 | |||
[1]Derived from audited financial statements[2]Per our analysis no ACL was necessary for investment securities available for sale. |
Note 2 - Debt Securities - Se_2
Note 2 - Debt Securities - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | Jan. 01, 2021 | [2] | |
Securities available for sale, due within one year, amortized cost | $ 19,637 | ||||
Securities available for sale, due within one year, fair value | 19,499 | ||||
Securities available for sale, due after one year but within five years, amortized cost | 177,850 | ||||
Securities available for sale, due after one year but within five years, fair value | 174,311 | ||||
Securities available for sale, due after five years but within ten years, amortized cost | 4,443 | ||||
Securities available for sale, due after five years but within ten years, fair value | 4,415 | ||||
Securities available for sale, single maturity date, amortized cost | 201,930 | ||||
Securities available for sale, single maturity date, fair value | 198,225 | ||||
Total debt securities available for sale, amortized cost | 300,195 | $ 76,273 | |||
Total debt securities available for sale | 287,767 | $ 76,292 | [1] | $ 83,358 | |
Collateralized Mortgage-Backed Securities [Member] | |||||
Agency mortgage-backed securities, amortized cost | 98,265 | ||||
Agency mortgage-backed securities, fair value | $ 89,542 | ||||
[1]Derived from audited financial statements[2]Per our analysis no ACL was necessary for investment securities available for sale. |
Note 2 - Debt Securities - Avai
Note 2 - Debt Securities - Available For Sale Securities in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Securities available for sale, less than 12 months, fair value | $ 253,874 | $ 24,011 |
Securities available for sale, less than 12 months, unrealized losses | (10,135) | (269) |
Securities available for sale, 12 months or longer, fair value | 12,425 | 8,843 |
Securities available for sale, 12 months or longer, unrealized losses | (2,357) | (423) |
Securities available for sale, total fair value | 266,299 | 32,854 |
Securities available for sale, total unrealized losses | (12,492) | (692) |
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 | 416 | 459 |
Securities available for sale, 12 months or longer, unrealized losses | (2) | (3) |
Securities available for sale, total fair value | 416 | 459 |
Securities available for sale, total unrealized losses | (2) | (3) |
US Treasury Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 134,243 | |
Securities available for sale, less than 12 months, unrealized losses | (2,176) | |
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 | 134,243 | |
Securities available for sale, total unrealized losses | (2,176) | |
Corporate Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 38,119 | 9,919 |
Securities available for sale, less than 12 months, unrealized losses | (1,520) | (16) |
Securities available for sale, 12 months or longer, fair value | 0 | 0 |
Securities available for sale, 12 months or longer, unrealized losses | 0 | 0 |
Securities available for sale, total fair value | 38,119 | 9,919 |
Securities available for sale, total unrealized losses | (1,520) | (16) |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 5,178 | |
Securities available for sale, less than 12 months, unrealized losses | (58) | |
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 | 5,178 | |
Securities available for sale, total unrealized losses | (58) | |
Mortgage-backed Agency Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 76,334 | 14,092 |
Securities available for sale, less than 12 months, unrealized losses | (6,381) | (253) |
Securities available for sale, 12 months or longer, fair value | 12,009 | 8,384 |
Securities available for sale, 12 months or longer, unrealized losses | (2,355) | (420) |
Securities available for sale, total fair value | 88,343 | 22,476 |
Securities available for sale, total unrealized losses | $ (8,736) | $ (673) |
Note 3 - Loans (Details Textual
Note 3 - Loans (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Bank Overdrafts | $ 1,940 | $ 1,940 | $ 1,650 | ||
Deferred Loan Fees | 3,900 | 3,900 | 5,060 | ||
Financing Receivable, Unamortized Purchase Premium (Discount) | (4,500) | (4,500) | (5,410) | ||
Financing Receivable, Accrued Interest, after Allowance for Credit Loss | 7,110 | 7,110 | 7,540 | ||
Financing Receivable, before Allowance for Credit Loss, Total | 2,299,798 | 2,299,798 | 2,165,569 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||||
Financing Receivable, before Allowance for Credit Loss, Total | 137,725 | 137,725 | 112,988 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||||
Financing Receivable, before Allowance for Credit Loss, Total | 2,067 | 2,067 | 20,642 | ||
Financing Receivable, Unamortized Loan Cost (Fee) and Purchase Premium (Discount), Total | 80 | 80 | $ 733 | ||
Amortization of Deferred Loan Origination Fees, Net | $ 319 | $ 608 | $ 654 | $ 1,530 |
Note 3 - Loans - Loans by Class
Note 3 - Loans - Loans by Class (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Non-covered loans | $ 2,299,798 | $ 2,165,569 |
Non-covered loans, percent | 100% | 100% |
Commercial Portfolio Segment [Member] | ||
Non-covered loans | $ 1,327,208 | $ 1,230,476 |
Non-covered loans, percent | 57.71% | 56.82% |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | $ 92,840 | $ 65,806 |
Non-covered loans, percent | 4.04% | 3.04% |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | $ 139,792 | $ 133,630 |
Non-covered loans, percent | 6.08% | 6.17% |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered loans | $ 124,274 | $ 100,402 |
Non-covered loans, percent | 5.40% | 4.64% |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | $ 195,113 | $ 198,778 |
Non-covered loans, percent | 8.48% | 9.18% |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | $ 752,369 | $ 707,506 |
Non-covered loans, percent | 32.72% | 32.67% |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered loans | $ 9,987 | $ 9,341 |
Non-covered loans, percent | 0.43% | 0.43% |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered loans | $ 12,833 | $ 15,013 |
Non-covered loans, percent | 0.56% | 0.69% |
Consumer Real Estate Portfolio Segment [Member] | ||
Non-covered loans | $ 818,700 | $ 800,631 |
Non-covered loans, percent | 35.60% | 36.97% |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered loans | $ 78,999 | $ 79,857 |
Non-covered loans, percent | 3.44% | 3.69% |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | $ 722,370 | $ 703,864 |
Non-covered loans, percent | 31.41% | 32.50% |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | $ 17,331 | $ 16,910 |
Non-covered loans, percent | 0.75% | 0.78% |
Consumer and Other Portfolio Segment [Member] | ||
Non-covered loans | $ 153,890 | $ 134,462 |
Non-covered loans, percent | 6.69% | 6.21% |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered loans | $ 148,741 | $ 129,794 |
Non-covered loans, percent | 6.47% | 5.99% |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | ||
Non-covered loans | $ 5,149 | $ 4,668 |
Non-covered loans, percent | 0.22% | 0.22% |
Note 4 - Credit Quality (Detail
Note 4 - Credit Quality (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | |
Financing Receivable, Nonaccrual, Interest Income | $ 1 | $ 15 | $ 3 | $ 24 |
Performing Status Returned Period (Month) | 6 months | |||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 1 | 0 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 39 |
Note 4 - Credit Quality - Loans
Note 4 - Credit Quality - Loans by Credit Quality (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Non-covered loans | $ 2,299,798 | $ 2,165,569 |
Originated in current year | 384,222 | 574,234 |
Originated in one year prior | 537,383 | 474,346 |
Originated in two years prior | 422,921 | 172,629 |
Originated in three years prior | 148,902 | 132,380 |
Originated in four years prior | 107,879 | 120,130 |
Prior | 584,788 | 577,745 |
Revolving | 113,703 | 114,105 |
Total loan | 2,299,798 | 2,165,569 |
Pass [Member] | ||
Non-covered loans | 2,216,264 | 2,060,694 |
Originated in current year | 383,640 | 570,244 |
Originated in one year prior | 531,402 | 467,596 |
Originated in two years prior | 419,034 | 163,786 |
Originated in three years prior | 141,764 | 123,718 |
Originated in four years prior | 100,786 | 104,040 |
Prior | 528,918 | 520,187 |
Revolving | 110,720 | 111,123 |
Total loan | 2,216,264 | 2,060,694 |
Special Mention [Member] | ||
Non-covered loans | 24,268 | 35,342 |
Originated in current year | 0 | 1,060 |
Originated in one year prior | 2,531 | 4,197 |
Originated in two years prior | 1,005 | 2,373 |
Originated in three years prior | 2,196 | 3,424 |
Originated in four years prior | 3,406 | 9,360 |
Prior | 14,418 | 14,220 |
Revolving | 712 | 708 |
Total loan | 24,268 | 35,342 |
Substandard [Member] | ||
Non-covered loans | 59,266 | 69,523 |
Originated in current year | 582 | 2,930 |
Originated in one year prior | 3,450 | 2,553 |
Originated in two years prior | 2,882 | 6,470 |
Originated in three years prior | 4,942 | 5,238 |
Originated in four years prior | 3,687 | 6,730 |
Prior | 41,452 | 43,328 |
Revolving | 2,271 | 2,274 |
Total loan | 59,266 | 69,523 |
Doubtful [Member] | ||
Non-covered loans | 0 | 10 |
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 10 |
Revolving | 0 | 0 |
Total loan | 0 | 10 |
Unlikely to be Collected Financing Receivable [Member] | ||
Non-covered loans | 0 | 0 |
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Non-covered loans | 1,327,208 | 1,230,476 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 92,840 | 65,806 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 139,792 | 133,630 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 124,274 | 100,402 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | 195,113 | 198,778 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 752,369 | 707,506 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered loans | 9,987 | 9,341 |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered loans | 12,833 | 15,013 |
Commercial Portfolio Segment [Member] | Pass [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 91,872 | 64,498 |
Commercial Portfolio Segment [Member] | Pass [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 136,353 | 128,770 |
Commercial Portfolio Segment [Member] | Pass [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 123,403 | 98,457 |
Commercial Portfolio Segment [Member] | Pass [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | 184,275 | 186,184 |
Commercial Portfolio Segment [Member] | Pass [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 723,467 | 665,559 |
Commercial Portfolio Segment [Member] | Pass [Member] | Agricultural [Member] | ||
Non-covered loans | 9,754 | 8,758 |
Commercial Portfolio Segment [Member] | Pass [Member] | Farmland [Member] | ||
Non-covered loans | 10,584 | 11,939 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 417 | 451 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 982 | 1,005 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 649 | 1,090 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | 2,287 | 3,607 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 16,794 | 25,624 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Agricultural [Member] | ||
Non-covered loans | 54 | 70 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Farmland [Member] | ||
Non-covered loans | 603 | 633 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | 551 | 857 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 2,457 | 3,855 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 222 | 855 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | 8,551 | 8,977 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 12,108 | 16,323 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Agricultural [Member] | ||
Non-covered loans | 179 | 513 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Farmland [Member] | ||
Non-covered loans | 1,646 | 2,441 |
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 | 0 | 10 |
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 | 92,840 | 65,806 |
Originated in current year | 19,079 | 40,207 |
Originated in one year prior | 49,774 | 10,393 |
Originated in two years prior | 10,871 | 3,209 |
Originated in three years prior | 2,768 | 3,843 |
Originated in four years prior | 3,160 | 1,599 |
Prior | 6,798 | 6,165 |
Revolving | 390 | 390 |
Total loan | 92,840 | 65,806 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Pass [Member] | ||
Originated in current year | 19,079 | 40,207 |
Originated in one year prior | 49,774 | 10,127 |
Originated in two years prior | 10,616 | 3,081 |
Originated in three years prior | 2,732 | 3,704 |
Originated in four years prior | 3,037 | 1,308 |
Prior | 6,280 | 5,717 |
Revolving | 354 | 354 |
Total loan | 91,872 | 64,498 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Special Mention [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 266 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 128 |
Originated in four years prior | 111 | 0 |
Prior | 270 | 21 |
Revolving | 36 | 36 |
Total loan | 417 | 451 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Substandard [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 255 | 128 |
Originated in three years prior | 36 | 11 |
Originated in four years prior | 12 | 291 |
Prior | 248 | 427 |
Revolving | 0 | 0 |
Total loan | 551 | 857 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Doubtful [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | 139,792 | 133,630 |
Originated in current year | 44,553 | 34,755 |
Originated in one year prior | 29,076 | 19,302 |
Originated in two years prior | 15,417 | 14,982 |
Originated in three years prior | 11,462 | 14,348 |
Originated in four years prior | 11,469 | 5,687 |
Prior | 8,591 | 6,756 |
Revolving | 17,157 | 17,158 |
Total loan | 137,725 | 112,988 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Originated in current year | 0 | 16,482 |
Originated in one year prior | 2,038 | 4,160 |
Originated in two years prior | 29 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 2,067 | 20,642 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Pass [Member] | ||
Originated in current year | 44,408 | 34,539 |
Originated in one year prior | 28,875 | 18,887 |
Originated in two years prior | 15,160 | 13,679 |
Originated in three years prior | 10,273 | 13,772 |
Originated in four years prior | 11,012 | 4,817 |
Prior | 8,013 | 5,890 |
Revolving | 16,545 | 16,544 |
Total loan | 134,286 | 108,128 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Pass [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Originated in current year | 0 | 16,482 |
Originated in one year prior | 2,038 | 4,160 |
Originated in two years prior | 29 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 2,067 | 20,642 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Special Mention [Member] | ||
Originated in current year | 0 | 32 |
Originated in one year prior | 25 | 60 |
Originated in two years prior | 35 | 597 |
Originated in three years prior | 601 | 192 |
Originated in four years prior | 226 | 28 |
Prior | 0 | 0 |
Revolving | 95 | 96 |
Total loan | 982 | 1,005 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Special Mention [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Substandard [Member] | ||
Originated in current year | 145 | 184 |
Originated in one year prior | 176 | 355 |
Originated in two years prior | 222 | 706 |
Originated in three years prior | 588 | 384 |
Originated in four years prior | 231 | 842 |
Prior | 578 | 866 |
Revolving | 517 | 518 |
Total loan | 2,457 | 3,855 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Substandard [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Doubtful [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Doubtful [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Unlikely to be Collected Financing Receivable [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered loans | 124,274 | 100,402 |
Originated in current year | 33,938 | 11,307 |
Originated in one year prior | 10,932 | 24,299 |
Originated in two years prior | 23,800 | 4,644 |
Originated in three years prior | 4,354 | 1,897 |
Originated in four years prior | 1,807 | 8,413 |
Prior | 48,509 | 48,907 |
Revolving | 934 | 935 |
Total loan | 124,274 | 100,402 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Pass [Member] | ||
Originated in current year | 33,938 | 11,307 |
Originated in one year prior | 10,932 | 24,299 |
Originated in two years prior | 23,800 | 4,644 |
Originated in three years prior | 4,354 | 1,897 |
Originated in four years prior | 1,807 | 8,413 |
Prior | 47,638 | 46,962 |
Revolving | 934 | 935 |
Total loan | 123,403 | 98,457 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Special Mention [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 649 | 1,090 |
Revolving | 0 | 0 |
Total loan | 649 | 1,090 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Substandard [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 222 | 855 |
Revolving | 0 | 0 |
Total loan | 222 | 855 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Doubtful [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | 752,369 | 707,506 |
Originated in current year | 134,331 | 149,536 |
Originated in one year prior | 142,186 | 150,426 |
Originated in two years prior | 131,539 | 65,982 |
Originated in three years prior | 61,233 | 56,069 |
Originated in four years prior | 43,195 | 56,198 |
Prior | 225,489 | 214,900 |
Revolving | 14,396 | 14,395 |
Total loan | 752,369 | 707,506 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Pass [Member] | ||
Originated in current year | 134,331 | 147,978 |
Originated in one year prior | 139,073 | 146,381 |
Originated in two years prior | 129,979 | 62,651 |
Originated in three years prior | 57,546 | 50,943 |
Originated in four years prior | 39,902 | 43,776 |
Prior | 208,618 | 199,812 |
Revolving | 14,018 | 14,018 |
Total loan | 723,467 | 665,559 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Special Mention [Member] | ||
Originated in current year | 0 | 397 |
Originated in one year prior | 1,969 | 3,334 |
Originated in two years prior | 868 | 823 |
Originated in three years prior | 1,216 | 2,595 |
Originated in four years prior | 2,571 | 9,190 |
Prior | 10,020 | 9,135 |
Revolving | 150 | 150 |
Total loan | 16,794 | 25,624 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Substandard [Member] | ||
Originated in current year | 0 | 1,161 |
Originated in one year prior | 1,144 | 711 |
Originated in two years prior | 692 | 2,508 |
Originated in three years prior | 2,471 | 2,531 |
Originated in four years prior | 722 | 3,232 |
Prior | 6,851 | 5,953 |
Revolving | 228 | 227 |
Total loan | 12,108 | 16,323 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Doubtful [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered loans | 9,987 | 9,341 |
Originated in current year | 2,560 | 4,651 |
Originated in one year prior | 3,856 | 1,586 |
Originated in two years prior | 1,282 | 1,280 |
Originated in three years prior | 685 | 573 |
Originated in four years prior | 443 | 363 |
Prior | 727 | 455 |
Revolving | 434 | 433 |
Total loan | 9,987 | 9,341 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Pass [Member] | ||
Originated in current year | 2,560 | 4,564 |
Originated in one year prior | 3,779 | 1,548 |
Originated in two years prior | 1,258 | 998 |
Originated in three years prior | 601 | 534 |
Originated in four years prior | 407 | 346 |
Prior | 715 | 335 |
Revolving | 434 | 433 |
Total loan | 9,754 | 8,758 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member] | ||
Originated in current year | 0 | 43 |
Originated in one year prior | 37 | 27 |
Originated in two years prior | 17 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 54 | 70 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member] | ||
Originated in current year | 0 | 44 |
Originated in one year prior | 40 | 11 |
Originated in two years prior | 7 | 282 |
Originated in three years prior | 84 | 39 |
Originated in four years prior | 36 | 17 |
Prior | 12 | 120 |
Revolving | 0 | 0 |
Total loan | 179 | 513 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Doubtful [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered loans | 12,833 | 15,013 |
Originated in current year | 166 | 617 |
Originated in one year prior | 837 | 1,061 |
Originated in two years prior | 1,015 | 601 |
Originated in three years prior | 77 | 1,614 |
Originated in four years prior | 1,392 | 1,156 |
Prior | 7,813 | 8,429 |
Revolving | 1,533 | 1,535 |
Total loan | 12,833 | 15,013 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Pass [Member] | ||
Originated in current year | 166 | 428 |
Originated in one year prior | 727 | 1,047 |
Originated in two years prior | 1,002 | 82 |
Originated in three years prior | 77 | 1,125 |
Originated in four years prior | 903 | 887 |
Prior | 6,176 | 6,835 |
Revolving | 1,533 | 1,535 |
Total loan | 10,584 | 11,939 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member] | ||
Originated in current year | 0 | 189 |
Originated in one year prior | 110 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 240 |
Originated in four years prior | 232 | 5 |
Prior | 261 | 199 |
Revolving | 0 | 0 |
Total loan | 603 | 633 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Substandard [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 14 |
Originated in two years prior | 13 | 519 |
Originated in three years prior | 0 | 249 |
Originated in four years prior | 257 | 264 |
Prior | 1,376 | 1,395 |
Revolving | 0 | 0 |
Total loan | 1,646 | 2,441 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Doubtful [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | ||
Non-covered loans | 818,700 | 800,631 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 78,999 | 79,857 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 722,370 | 703,864 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 17,331 | 16,910 |
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 75,540 | 76,259 |
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 692,766 | 671,459 |
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 17,167 | 16,629 |
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 430 | 426 |
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 2,041 | 2,420 |
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Home Equity Lines [Member] | ||
Non-covered loans | 3,029 | 3,172 |
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 27,563 | 29,985 |
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 164 | 281 |
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 | 78,999 | 79,857 |
Originated in current year | 1,026 | 115 |
Originated in one year prior | 102 | 59 |
Originated in two years prior | 85 | 28 |
Originated in three years prior | 36 | 274 |
Originated in four years prior | 267 | 130 |
Prior | 2,114 | 3,484 |
Revolving | 75,369 | 75,767 |
Total loan | 78,999 | 79,857 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Pass [Member] | ||
Originated in current year | 1,026 | 115 |
Originated in one year prior | 102 | 59 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 25 |
Originated in four years prior | 62 | 2 |
Prior | 861 | 2,168 |
Revolving | 73,489 | 73,890 |
Total loan | 75,540 | 76,259 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Special Mention [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 430 | 426 |
Total loan | 430 | 426 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Substandard [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 85 | 28 |
Originated in three years prior | 36 | 249 |
Originated in four years prior | 205 | 128 |
Prior | 1,253 | 1,316 |
Revolving | 1,450 | 1,451 |
Total loan | 3,029 | 3,172 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Doubtful [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | 722,370 | 703,864 |
Originated in current year | 92,563 | 241,529 |
Originated in one year prior | 236,437 | 226,603 |
Originated in two years prior | 213,926 | 64,337 |
Originated in three years prior | 56,129 | 48,653 |
Originated in four years prior | 42,234 | 43,772 |
Prior | 275,006 | 276,559 |
Revolving | 1,188 | 1,189 |
Total loan | 917,483 | 902,642 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Pass [Member] | ||
Originated in current year | 92,181 | 239,917 |
Originated in one year prior | 235,009 | 225,294 |
Originated in two years prior | 213,126 | 61,925 |
Originated in three years prior | 54,675 | 46,716 |
Originated in four years prior | 39,796 | 41,757 |
Prior | 241,066 | 240,845 |
Revolving | 1,188 | 1,189 |
Total loan | 877,041 | 857,643 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Special Mention [Member] | ||
Originated in current year | 0 | 399 |
Originated in one year prior | 387 | 510 |
Originated in two years prior | 85 | 937 |
Originated in three years prior | 372 | 269 |
Originated in four years prior | 266 | 137 |
Prior | 3,218 | 3,775 |
Revolving | 0 | 0 |
Total loan | 4,328 | 6,027 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Substandard [Member] | ||
Originated in current year | 382 | 1,213 |
Originated in one year prior | 1,041 | 799 |
Originated in two years prior | 715 | 1,475 |
Originated in three years prior | 1,082 | 1,668 |
Originated in four years prior | 2,172 | 1,878 |
Prior | 30,722 | 31,929 |
Revolving | 0 | 0 |
Total loan | 36,114 | 38,962 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Doubtful [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 10 |
Revolving | 0 | 0 |
Total loan | 0 | 10 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | 17,331 | 16,910 |
Originated in current year | 2,591 | 9,689 |
Originated in one year prior | 11,768 | 4,729 |
Originated in two years prior | 2,168 | 178 |
Originated in three years prior | 32 | 22 |
Originated in four years prior | 16 | 428 |
Prior | 756 | 1,864 |
Revolving | 0 | 0 |
Total loan | 17,331 | 16,910 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Pass [Member] | ||
Originated in current year | 2,591 | 9,689 |
Originated in one year prior | 11,768 | 4,729 |
Originated in two years prior | 2,005 | 178 |
Originated in three years prior | 32 | 22 |
Originated in four years prior | 16 | 428 |
Prior | 755 | 1,583 |
Revolving | 0 | 0 |
Total loan | 17,167 | 16,629 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Special Mention [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Substandard [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 163 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 1 | 281 |
Revolving | 0 | 0 |
Total loan | 164 | 281 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Doubtful [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | ||
Non-covered loans | 153,890 | 134,462 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered loans | 148,741 | 129,794 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | ||
Non-covered loans | 5,149 | 4,668 |
Consumer and Other Portfolio Segment [Member] | Pass [Member] | Consumer Loans [Member] | ||
Non-covered loans | 145,934 | 127,514 |
Consumer and Other Portfolio Segment [Member] | Pass [Member] | Other Loan [Member] | ||
Non-covered loans | 5,149 | 4,668 |
Consumer and Other Portfolio Segment [Member] | Special Mention [Member] | Consumer Loans [Member] | ||
Non-covered loans | 11 | 16 |
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 | 2,796 | 2,264 |
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 | 148,741 | 129,794 |
Originated in current year | 53,415 | 65,346 |
Originated in one year prior | 50,377 | 31,728 |
Originated in two years prior | 22,789 | 17,388 |
Originated in three years prior | 12,126 | 5,087 |
Originated in four years prior | 3,896 | 2,384 |
Prior | 8,985 | 10,226 |
Revolving | 2,302 | 2,303 |
Total loan | 153,890 | 134,462 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Pass [Member] | ||
Originated in current year | 53,360 | 65,018 |
Originated in one year prior | 49,325 | 31,065 |
Originated in two years prior | 22,059 | 16,548 |
Originated in three years prior | 11,474 | 4,980 |
Originated in four years prior | 3,844 | 2,306 |
Prior | 8,796 | 10,040 |
Revolving | 2,225 | 2,225 |
Total loan | 151,083 | 132,182 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Special Mention [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 3 | 0 |
Originated in two years prior | 0 | 16 |
Originated in three years prior | 7 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 1 | 0 |
Total loan | 11 | 16 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Substandard [Member] | ||
Originated in current year | 55 | 328 |
Originated in one year prior | 1,049 | 663 |
Originated in two years prior | 730 | 824 |
Originated in three years prior | 645 | 107 |
Originated in four years prior | 52 | 78 |
Prior | 189 | 186 |
Revolving | 76 | 78 |
Total loan | 2,796 | 2,264 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Doubtful [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Originated in current year | 0 | 0 |
Originated in one year prior | 0 | 0 |
Originated in two years prior | 0 | 0 |
Originated in three years prior | 0 | 0 |
Originated in four years prior | 0 | 0 |
Prior | 0 | 0 |
Revolving | 0 | 0 |
Total loan | $ 0 | $ 0 |
Note 4 - Credit Quality - Nonac
Note 4 - Credit Quality - Nonaccrual Loans by Loan Class (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Total nonaccrual loans | $ 17,826 | $ 20,768 |
Loans With No Allowance [Member] | ||
Total nonaccrual loans | 17,826 | 19,668 |
Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 1,100 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Total nonaccrual loans | 277 | 409 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 277 | 409 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Total nonaccrual loans | 435 | 1,734 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 435 | 1,734 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Total nonaccrual loans | 266 | 208 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 266 | 208 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Total nonaccrual loans | 2,132 | 2,304 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 2,132 | 2,304 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Total nonaccrual loans | 2,815 | 4,539 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 2,815 | 3,439 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 1,100 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Total nonaccrual loans | 22 | 136 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 22 | 136 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Total nonaccrual loans | 133 | 222 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 133 | 222 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Total nonaccrual loans | 775 | 767 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 775 | 767 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Total nonaccrual loans | 8,816 | 8,957 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 8,816 | 8,957 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 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 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Total nonaccrual loans | 2,155 | 1,492 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 2,155 | 1,492 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | $ 0 | $ 0 |
Note 4 - Credit Quality - Aging
Note 4 - Credit Quality - Aging of Past Due Loans by Loan Class (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Non-covered | $ 2,299,798 | $ 2,165,569 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Amortized Cost of > 90 Days Accruing No Allowance, Total | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Non-covered | 8,395 | 11,434 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Non-covered | 4,308 | 5,220 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Non-covered | 7,577 | 10,227 |
Financial Asset, Past Due [Member] | ||
Non-covered | 20,280 | 26,881 |
Financial Asset, Not Past Due [Member] | ||
Non-covered | 2,279,518 | 2,138,688 |
Commercial Portfolio Segment [Member] | ||
Non-covered | 1,327,208 | 1,230,476 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered | 92,840 | 65,806 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
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 | 231 | 52 |
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 | 252 | 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 | 25 | 120 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 508 | 172 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 92,332 | 65,634 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered | 139,792 | 133,630 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 346 | 325 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 84 | 35 |
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 | 192 | 1,394 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 622 | 1,754 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 139,170 | 131,876 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered | 124,274 | 100,402 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 148 | 97 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 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 | 0 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 148 | 97 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 124,126 | 100,305 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered | 195,113 | 198,778 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 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 | 180 | 1,210 |
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 | 327 | 583 |
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 | 502 | 795 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,009 | 2,588 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 194,104 | 196,190 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered | 752,369 | 707,506 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 90 | 1,002 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 16 | 441 |
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 | 2,050 | 2,333 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 2,156 | 3,776 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 750,213 | 703,730 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered | 9,987 | 9,341 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 16 | 73 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 7 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 13 | 101 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 29 | 181 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 9,958 | 9,160 |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered | 12,833 | 15,013 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 52 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 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 | 133 | 222 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 133 | 274 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 12,700 | 14,739 |
Consumer Real Estate Portfolio Segment [Member] | ||
Non-covered | 818,700 | 800,631 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered | 78,999 | 79,857 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
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 | 405 | 275 |
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 | 123 | 388 |
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 | 469 | 333 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 997 | 996 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 78,002 | 78,861 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered | 722,370 | 703,864 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
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 | 3,977 | 4,740 |
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 | 2,471 | 2,584 |
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 | 3,017 | 3,880 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 9,465 | 11,204 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 712,905 | 692,660 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered | 17,331 | 16,910 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
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 | 139 |
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 | 139 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 17,331 | 16,771 |
Consumer and Other Portfolio Segment [Member] | ||
Non-covered | 153,890 | 134,462 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered | 148,741 | 129,794 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 3,002 | 3,469 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,035 | 1,182 |
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 | 1,176 | 1,049 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 5,213 | 5,700 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 143,528 | 124,094 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | ||
Non-covered | 5,149 | 4,668 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 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 | $ 5,149 | $ 4,668 |
Note 4 - Credit Quality - Colla
Note 4 - Credit Quality - Collateral Dependent Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Collateral dependent loans | $ 766 | $ 2,216 |
Collateral coverage | $ 972 | $ 2,312 |
Collateral coverage percentage | 126.89% | 104.33% |
Commercial Real Estate, Hotel 1 [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Commercial Real Estate, Office [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Commercial Real Estate, Other [Member] | ||
Collateral dependent loans | $ 766 | $ 2,216 |
Collateral coverage | $ 972 | $ 2,312 |
Collateral coverage percentage | 126.89% | 104.33% |
Commercial Real Estate, Retail [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Multi-family, Industrial [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Multi-family, Office [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Multi-family, Other [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Commercial and Industrial, Industrial [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Commercial and Industrial, Other [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Consumer Owner Occupied, Other [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Consumer, Other [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
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 | Jun. 30, 2022 | Dec. 31, 2021 | |
Nonaccrual | [1] | $ 1,434 | $ 2,519 |
Accrual | 8,313 | 8,652 | |
TDRs | 9,747 | 11,171 | |
Allowance for credit losses related to TDRs | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Nonaccrual | [1] | 0 | 396 |
Accrual | 432 | 470 | |
TDRs | 432 | 866 | |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | |||
Nonaccrual | [1] | 150 | 857 |
Accrual | 853 | 1,100 | |
TDRs | 1,003 | 1,957 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | |||
Nonaccrual | [1] | 0 | 0 |
Accrual | 1,963 | 2,021 | |
TDRs | 1,963 | 2,021 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | |||
Nonaccrual | [1] | 0 | 0 |
Accrual | 61 | 67 | |
TDRs | 61 | 67 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | |||
Nonaccrual | [1] | 1,284 | 1,266 |
Accrual | 4,978 | 4,755 | |
TDRs | 6,262 | 6,021 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | |||
Nonaccrual | [1] | 0 | 0 |
Accrual | 0 | 212 | |
TDRs | 0 | 212 | |
Consumer and Other Portfolio Segment [Member] | |||
TDRs | 27 | ||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | |||
Nonaccrual | [1] | 0 | 0 |
Accrual | 26 | $ 27 | |
TDRs | $ 26 | ||
[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 | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Troubled Debt Restructurings [Member] | Purchased Credit Impaired Loans [Member] | ||||
Interest income recognized | $ 97 | $ 94 | $ 202 | $ 198 |
Note 4 - Credit Quality - Loa_3
Note 4 - Credit Quality - Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | ||
Total contracts | 0 | 3 | 1 | ||
Pre-modification recorded investment | $ 238 | $ 0 | $ 269 | $ 1,390 | |
Post-modification recorded investment | [1] | $ 245 | $ 0 | $ 276 | $ 1,374 |
Extended Maturity [Member] | |||||
Total contracts | 2 | 0 | 2 | 0 | |
Pre-modification recorded investment | $ 238 | $ 0 | $ 238 | $ 0 | |
Post-modification recorded investment | [1] | $ 245 | $ 0 | $ 245 | $ 0 |
Extended Maturity [Member] | Single Family Owner Occupied [Member] | |||||
Total contracts | 2 | 0 | 2 | 0 | |
Pre-modification recorded investment | $ 238 | $ 0 | $ 238 | $ 0 | |
Post-modification recorded investment | [1] | $ 245 | $ 0 | $ 245 | $ 0 |
Below Market Interest Rate [Member] | |||||
Total contracts | 1 | 0 | |||
Pre-modification recorded investment | $ 31 | $ 0 | |||
Post-modification recorded investment | [1] | $ 31 | $ 0 | ||
Below Market Interest Rate [Member] | Single Family Owner Occupied [Member] | |||||
Total contracts | 1 | 0 | |||
Pre-modification recorded investment | $ 31 | $ 0 | |||
Post-modification recorded investment | [1] | $ 31 | $ 0 | ||
Payment Deferral [Member] | |||||
Total contracts | 0 | 1 | |||
Pre-modification recorded investment | $ 0 | $ 1,390 | |||
Post-modification recorded investment | [1] | $ 0 | $ 1,374 | ||
Payment Deferral [Member] | Non-farm, Non-residential [Member] | |||||
Total contracts | 0 | 1 | |||
Pre-modification recorded investment | $ 0 | $ 1,390 | |||
Post-modification recorded investment | [1] | $ 0 | $ 1,374 | ||
[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 | Jun. 30, 2022 | Dec. 31, 2021 | |
OREO | $ 579 | $ 1,015 | |
OREO secured by residential real estate | 221 | 337 | |
Residential real estate loans in the foreclosure process(1) | [1] | $ 2,741 | $ 2,210 |
[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 | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Balance | $ 28,981 | $ 34,563 | $ 27,858 | [1] | $ 26,182 |
Provision for (recovery of) credit losses | 510 | (2,230) | 2,471 | (6,231) | |
Charge-offs | (1,469) | (1,902) | (2,771) | (3,632) | |
Recoveries | 1,727 | 1,426 | 2,191 | 2,431 | |
Net recoveries (charge-offs) | 258 | (476) | (580) | (1,201) | |
Balance | 29,749 | 31,857 | 29,749 | 31,857 | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Balance | 13,107 | ||||
Commercial Portfolio Segment [Member] | |||||
Balance | 15,896 | 19,586 | 14,775 | 14,661 | |
Provision for (recovery of) credit losses | (808) | (1,712) | 300 | (4,782) | |
Charge-offs | (151) | (1,202) | (408) | (1,959) | |
Recoveries | 1,182 | 1,032 | 1,452 | 1,424 | |
Net recoveries (charge-offs) | 1,031 | (170) | 1,044 | (535) | |
Balance | 16,119 | 17,704 | 16,119 | 17,704 | |
Commercial Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Balance | 8,360 | ||||
Consumer Real Estate Portfolio Segment [Member] | |||||
Balance | 9,764 | 11,887 | 9,972 | 8,951 | |
Provision for (recovery of) credit losses | 48 | (986) | (193) | (2,528) | |
Charge-offs | (88) | (48) | (94) | (58) | |
Recoveries | 325 | 202 | 364 | 545 | |
Net recoveries (charge-offs) | 237 | 154 | 270 | 487 | |
Balance | 10,049 | 11,055 | 10,049 | 11,055 | |
Consumer Real Estate Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Balance | 4,145 | ||||
Consumer and Other Portfolio Segment [Member] | |||||
Balance | 3,321 | 3,090 | 3,111 | 2,570 | |
Provision for (recovery of) credit losses | 1,270 | 468 | 2,364 | 1,079 | |
Charge-offs | (1,230) | (652) | (2,269) | (1,615) | |
Recoveries | 220 | 192 | 375 | 462 | |
Net recoveries (charge-offs) | (1,010) | (460) | (1,894) | (1,153) | |
Balance | $ 3,581 | $ 3,098 | $ 3,581 | 3,098 | |
Consumer and Other Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |||||
Balance | $ 602 | ||||
[1]Derived from audited financial statements |
Note 6 - Deposits - Components
Note 6 - Deposits - Components of Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | |
Noninterest-bearing demand deposits | $ 877,962 | $ 842,783 | [1] |
Interest-bearing demand deposits | 702,925 | 676,254 | |
Money market accounts | 302,452 | 293,915 | |
Savings deposits | 589,927 | 561,576 | |
Certificates of deposit | 212,968 | 237,919 | |
Individual retirement accounts | 112,305 | 116,944 | |
Total interest-bearing deposits | 1,920,577 | 1,886,608 | [1] |
Total deposits | $ 2,798,539 | $ 2,729,391 | [1] |
[1]Derived from audited financial statements |
Note 7 - Leases (Details Textua
Note 7 - Leases (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Operating Lease, Right-of-Use Asset | $ 695 | $ 741 |
Operating Lease, Liability, Total | $ 714 | $ 770 |
Operating Lease, Weighted Average Discount Rate, Percent | 3.22% | 3.22% |
Minimum [Member] | ||
Lessee, Operating Lease, Remaining Lease Term (Year) | 2 years | 4 months |
Maximum [Member] | ||
Lessee, Operating Lease, Remaining Lease Term (Year) | 7 years | 7 years 6 months |
Note 7 - Leases - Minimum Lease
Note 7 - Leases - Minimum Lease Payments (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
2023 | $ 117 | $ 131 |
2024 | 121 | 119 |
2025 | 108 | 117 |
2026 | 101 | 101 |
2027 and thereafter | 311 | 362 |
Total lease payments | 758 | 830 |
Less: Interest | (44) | (60) |
Operating Lease, Liability, Total | 714 | 770 |
Other Liabilities [Member] | ||
Operating Lease, Liability, Total | $ 714 | $ 770 |
Note 8 - Borrowings (Details Te
Note 8 - Borrowings (Details Textual) $ in Thousands | Jun. 30, 2022 USD ($) |
Long-Term Debt, Total | $ 0 |
Debt Instrument, Unused Borrowing Capacity, Amount | 427,550 |
Deposit Liabilities, Collateral Issued, Financial Instruments | 123,650 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 734,260 |
Note 8 - Borrowings - Component
Note 8 - Borrowings - Components of Borrowings (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | |
Securities sold under agreements to repurchase | $ 2,635 | $ 1,536 | [1] |
Retail Repurchase Agreements [Member] | |||
Securities sold under agreements to repurchase | $ 2,635 | $ 1,536 | |
Retail repurchase agreements | 0.08% | 0.07% | |
[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 | Jun. 30, 2022 | Dec. 31, 2021 |
Notional or contractual amount | $ 11,947 | $ 12,278 |
Derivative financial assets | 126 | 0 |
Derivative liabilities | 0 | 837 |
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ||
Notional or contractual amount | 4,188 | 4,388 |
Derivative financial assets | 67 | 0 |
Derivative liabilities | 0 | 229 |
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | ||
Notional or contractual amount | 7,759 | 7,890 |
Derivative financial assets | 59 | 0 |
Derivative liabilities | $ 0 | $ 608 |
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 Rate Swap [Member] - Interest and Fees on Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Derivative expense | $ 51 | $ 78 | $ 127 | $ 174 |
Designated as Hedging Instrument [Member] | ||||
Derivative expense | 19 | 28 | 44 | 56 |
Not Designated as Hedging Instrument [Member] | ||||
Derivative expense | $ 32 | $ 50 | $ 83 | $ 118 |
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 | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Service cost | $ 0 | $ 88 | $ 0 | $ 176 |
Interest cost | 83 | 79 | 166 | 158 |
Amortization of prior service cost | 0 | 30 | 0 | 61 |
Amortization of losses | 33 | 66 | 67 | 132 |
Net periodic cost | $ 116 | $ 263 | $ 233 | $ 527 |
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 | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Net income | $ 11,213 | $ 13,403 | $ 20,728 | $ 28,005 |
Weighted average common shares outstanding, basic (in shares) | 16,662,817 | 17,486,182 | 16,739,624 | 17,577,552 |
Total dilutive effect of potential common shares (in shares) | 19,798 | 49,962 | 33,223 | 53,778 |
Weighted average common shares outstanding, diluted (in shares) | 16,682,615 | 17,536,144 | 16,772,847 | 17,631,330 |
Basic earnings per common share (in dollars per share) | $ 0.67 | $ 0.77 | $ 1.24 | $ 1.59 |
Diluted earnings per common share (in dollars per share) | $ 0.67 | $ 0.76 | $ 1.24 | $ 1.59 |
Antidilutive potential common shares (in shares) | 143,676 | 0 | 131,198 | 36,301 |
Share-Based Payment Arrangement, Option [Member] | ||||
Dilutive effect of potential common shares (in shares) | 13,068 | 34,277 | 15,266 | 29,969 |
Antidilutive potential common shares (in shares) | 143,676 | 0 | 131,198 | 13,990 |
Restricted Stock [Member] | ||||
Dilutive effect of potential common shares (in shares) | 6,169 | 17,123 | ||
Antidilutive potential common shares (in shares) | 0 | 0 | 0 | 22,311 |
Performance Shares [Member] | ||||
Dilutive effect of potential common shares (in shares) | 561 | 15,685 | 834 | 23,809 |
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 | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Balance | $ 424,156 | $ 425,999 | $ 427,775 | [1] | $ 426,730 |
Other comprehensive (loss) income, net of tax | (5,148) | 90 | (10,114) | (642) | |
Balance | 418,046 | 427,534 | 418,046 | 427,534 | |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | |||||
Balance | (4,643) | 460 | 15 | 1,106 | |
Other comprehensive income (loss) before reclassifications | (5,174) | 14 | (9,832) | (632) | |
Reclassified from AOCI | 0 | 0 | 0 | 0 | |
Other comprehensive (loss) income, net of tax | (5,174) | 14 | (9,832) | (632) | |
Balance | (9,817) | 474 | (9,817) | 474 | |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |||||
Balance | (1,869) | (3,115) | (1,561) | (3,029) | |
Other comprehensive income (loss) before reclassifications | 0 | 0 | (335) | (162) | |
Reclassified from AOCI | 26 | 76 | 53 | 152 | |
Other comprehensive (loss) income, net of tax | 26 | 76 | (282) | (10) | |
Balance | (1,843) | (3,039) | (1,843) | (3,039) | |
AOCI Attributable to Parent [Member] | |||||
Balance | (6,512) | (2,655) | (1,546) | (1,923) | |
Other comprehensive income (loss) before reclassifications | (5,174) | 14 | (10,167) | (794) | |
Reclassified from AOCI | 26 | 76 | 53 | 152 | |
Other comprehensive (loss) income, net of tax | (5,148) | 90 | (10,114) | (642) | |
Balance | $ (11,660) | $ (2,565) | $ (11,660) | $ (2,565) | |
[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 | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Income before income taxes | $ 14,636 | $ 17,480 | $ 27,036 | $ 36,512 |
Income tax expense | 3,423 | 4,077 | 6,308 | 8,507 |
Net income | 11,213 | 13,403 | 20,728 | 28,005 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Gain recognized | 0 | 0 | 0 | 0 |
Net income | 26 | 76 | 53 | 152 |
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 | 0 |
Income tax expense | 0 | 0 | 0 | 0 |
Net income | 0 | 0 | 0 | 0 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member] | ||||
Other operating expense | 0 | 31 | 0 | 61 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | ||||
Other operating expense | 33 | 66 | 67 | 132 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||||
Income before income taxes | 33 | 97 | 67 | 193 |
Income tax expense | 7 | 21 | 14 | 41 |
Net income | $ 26 | $ 76 | $ 53 | $ 152 |
Note 13 - Fair Value - Assets a
Note 13 - Fair Value - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | Jan. 01, 2021 | [2] | |
Available-for-sale debt securities | $ 287,767 | $ 76,292 | [1] | $ 83,358 | |
Derivative liabilities | 0 | 837 | |||
Fair Value, Recurring [Member] | |||||
Available-for-sale debt securities | 287,767 | 76,292 | |||
Equity securities | 55 | 55 | |||
Fair value loans | 12,480 | 13,106 | |||
Deferred compensation assets | 4,803 | 5,245 | |||
Deferred compensation liabilities | 4,803 | 5,245 | |||
Derivative liabilities | 837 | ||||
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 | 4,803 | 5,245 | |||
Deferred compensation liabilities | 4,803 | 5,245 | |||
Derivative liabilities | 0 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Available-for-sale debt securities | 287,767 | 76,292 | |||
Equity securities | 55 | 55 | |||
Fair value loans | 0 | 0 | |||
Deferred compensation assets | 0 | 0 | |||
Deferred compensation liabilities | 0 | 0 | |||
Derivative liabilities | 837 | ||||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Available-for-sale debt securities | 0 | 0 | |||
Equity securities | 0 | 0 | |||
Fair value loans | 12,480 | 13,106 | |||
Deferred compensation assets | 0 | 0 | |||
Deferred compensation liabilities | 0 | 0 | |||
Derivative liabilities | 0 | ||||
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | |||||
Available-for-sale debt securities | 423 | 466 | |||
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 | 423 | 466 | |||
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 Treasury Securities [Member] | |||||
Available-for-sale debt securities | 134,243 | ||||
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Available-for-sale debt securities | 0 | ||||
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Available-for-sale debt securities | 134,243 | ||||
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Available-for-sale debt securities | 0 | ||||
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | |||||
Available-for-sale debt securities | 24,454 | 28,794 | |||
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 | 24,454 | 28,794 | |||
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 | 39,105 | 9,919 | |||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Available-for-sale debt securities | 0 | ||||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Available-for-sale debt securities | 39,105 | 9,919 | |||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Available-for-sale debt securities | 0 | ||||
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | |||||
Available-for-sale debt securities | 89,542 | 37,113 | |||
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 | 89,542 | 37,113 | |||
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Available-for-sale debt securities | $ 0 | $ 0 | |||
[1]Derived from audited financial statements[2]Per our analysis no ACL was necessary for investment securities available for sale. |
Note 13 - Fair Value - Assets M
Note 13 - Fair Value - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - Non-covered Loans [Member] - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Collateral Dependent Assets With Specific Reserves [Member] | ||
Total Fair Value | $ 766 | $ 2,312 |
Collateral Dependent Assets With Specific Reserves [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total Fair Value | 0 | 0 |
Collateral Dependent Assets With Specific Reserves [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total Fair Value | 0 | 0 |
Collateral Dependent Assets With Specific Reserves [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total Fair Value | 766 | 2,312 |
OREO [Member] | ||
Total Fair Value | 579 | 1,015 |
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 | $ 579 | $ 1,015 |
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] | Jun. 30, 2022 | Dec. 31, 2021 | |
Minimum [Member] | |||
Discount range, impaired loans | [1],[2] | 0 | 0 |
Discount range, non-covered OREO | [1],[2] | 0.10 | 0 |
Maximum [Member] | |||
Discount range, impaired loans | [1],[2] | 0 | 0.11 |
Discount range, non-covered OREO | [1],[2] | 0.95 | 0.87 |
Weighted Average [Member] | |||
Discount range, impaired loans | [1],[2] | 0 | 0.06 |
Discount range, non-covered OREO | [1],[2] | 0.71 | 0.32 |
[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 | Jun. 30, 2022 | Dec. 31, 2021 | Jan. 01, 2021 | ||
Debt securities available for sale | $ 287,767 | $ 76,292 | [1] | $ 83,358 | [2] |
Derivative financial assets | 126 | 0 | |||
Interest receivable | 8,433 | 7,900 | [1] | $ 9,052 | [3] |
Derivative liabilities | 0 | 837 | |||
Reported Value Measurement [Member] | |||||
Cash and cash equivalents | 398,242 | 677,439 | |||
Debt securities available for sale | 287,767 | 76,292 | |||
Equity securities | 55 | 55 | |||
Loans held for investment, net of allowance | 2,299,798 | 2,137,711 | |||
Derivative financial assets | 126 | ||||
Interest receivable | 8,433 | 7,900 | |||
Deferred compensation assets | 4,803 | 5,245 | |||
Securities sold under agreements to repurchase | 2,635 | 1,536 | |||
Interest payable | 197 | 314 | |||
Deferred compensation liabilities | 4,803 | 5,245 | |||
Derivative liabilities | 837 | ||||
Reported Value Measurement [Member] | Bank Time Deposits [Member] | |||||
Deposits fair value | 325,273 | 354,863 | |||
Estimate of Fair Value Measurement [Member] | |||||
Cash and cash equivalents | 398,242 | 677,439 | |||
Debt securities available for sale | 287,767 | 76,292 | |||
Equity securities | 55 | 55 | |||
Loans held for investment, net of allowance | 2,163,191 | 2,108,513 | |||
Derivative financial assets | 126 | ||||
Interest receivable | 8,433 | 7,900 | |||
Deferred compensation assets | 4,803 | 5,245 | |||
Securities sold under agreements to repurchase | 2,635 | 1,536 | |||
Interest payable | 197 | 314 | |||
Deferred compensation liabilities | 4,803 | 5,245 | |||
Derivative liabilities | 837 | ||||
Estimate of Fair Value Measurement [Member] | Bank Time Deposits [Member] | |||||
Deposits fair value | 325,872 | 352,000 | |||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Cash and cash equivalents | 398,242 | 677,439 | |||
Debt securities available for sale | 0 | 0 | |||
Equity securities | 0 | 0 | |||
Loans held for investment, net of allowance | 0 | 0 | |||
Derivative financial assets | 0 | ||||
Interest receivable | 0 | 0 | |||
Deferred compensation assets | 4,803 | 5,245 | |||
Securities sold under agreements to repurchase | 0 | 0 | |||
Interest payable | 0 | 0 | |||
Deferred compensation liabilities | 4,803 | 5,245 | |||
Derivative liabilities | 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 | 287,767 | 76,292 | |||
Equity securities | 55 | 55 | |||
Loans held for investment, net of allowance | 0 | 0 | |||
Derivative financial assets | 126 | ||||
Interest receivable | 8,433 | 7,900 | |||
Deferred compensation assets | 0 | 0 | |||
Securities sold under agreements to repurchase | 2,635 | 1,536 | |||
Interest payable | 197 | 314 | |||
Deferred compensation liabilities | 0 | 0 | |||
Derivative liabilities | 837 | ||||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Bank Time Deposits [Member] | |||||
Deposits fair value | 325,872 | 352,000 | |||
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 | 2,163,191 | 2,108,513 | |||
Derivative financial assets | 0 | ||||
Interest receivable | 0 | 0 | |||
Deferred compensation assets | 0 | 0 | |||
Securities sold under agreements to repurchase | 0 | 0 | |||
Interest payable | 0 | 0 | |||
Deferred compensation liabilities | 0 | 0 | |||
Derivative liabilities | 0 | ||||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Bank Time Deposits [Member] | |||||
Deposits fair value | $ 0 | $ 0 | |||
[1]Derived from audited financial statements[2]Per our analysis no ACL was necessary for investment securities available for sale.[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 | Jun. 30, 2022 | Dec. 31, 2021 | |
Commitments to extend credit | $ 299,637 | $ 272,447 | |
Standby letters of credit and financial guarantees(1) | [1] | 126,275 | 153,717 |
Total off-balance sheet risk | 425,912 | 426,164 | |
Allowance for unfunded commitments | $ 956 | $ 678 | |
[1]Includes FHLB letters of credit |