Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 5. LOANS RECEIVABLE Loans receivable consisted of the following at December 31 2016 2015 Real estate: One- to four-family residential $ 389,107 $ 401,036 Multifamily residential 92,460 74,226 Nonfarm nonresidential 495,173 487,684 Farmland 94,018 94,235 Construction and land development 125,785 116,015 Commercial 323,096 246,304 Consumer 36,265 38,594 Total loans receivable 1,555,904 1,458,094 Unearned discounts and net deferred loan costs 485 558 Allowance for loan and lease losses (15,584 ) (14,550 ) Loans receivable—net $ 1,540,805 $ 1,444,102 Loan Origination and Underwriting Real Estate Loans may Commercial Loans Consumer Loans Mortgage loans serviced for others are not included in the accompanying consolidated statements of financial condition. The unpaid principal balances of such loans at December 31, 2016 2015 $14.7 $20.4 December 31, 2016 2015 As of December 31, 2016 2015, first one four $26.4 $33.1 December 31, 2016 Purchased Loans $583.6 ($595.1 $11.5 2014 310 20, Nonrefundable Fees and Other Costs The Company evaluated $364.5 ($375.0 $10.5 2015 310 20, Nonrefundable Fees and Other Costs The Company evaluated $21.1 ($26.9 $5.8 2014 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality December 31, 2016 December 31, 2015 June 13, 2014 One- to four-family residential $ 2,714 $ 3,189 $ 4,728 Nonfarm nonresidential 7,576 9,886 10,790 Farmland 53 70 95 Construction and land development 1,432 2,127 3,432 Commercial 556 1,012 1,882 Consumer 53 63 178 Total carrying value of PCI loans $ 12,384 $ 16,347 $ 21,105 Outstanding principal balance of PCI loans $ 15,468 $ 20,289 $ 26,942 The following table reflects the carrying amount of the fair value adjustments for purchased loans with evidence of credit deterioration as of June 13, 2014 Contractually required principal and interest $ 29,704 Nonaccretable differences (6,293 ) Cash flows expected to be collected 23,411 Accretable differences (2,306 ) Day 1 Fair Value $ 21,105 The following table documents changes as of December 31, 2016, 2015 2014 310 30 2016 2015 2014 Balance at January 1 $ 1,370 $ 2,165 $ -- Accretable yield acquired -- -- 2,306 Accretion (848 ) (1,062 ) (648 ) Adjustments to accretable differences due to: Reclassification from nonaccretable difference 1,462 317 2,301 Changes in expected cash flows that do not affect nonaccretable differences (1,140 ) (60 ) (1,560 ) Transfers to real estate owned 46 10 (234 ) Balance at December 31 $ 890 $ 1,370 $ 2,165 Age Analysis – December 31, 2016 30-89 Days Past Due 90 Days or More Past Due Current Total One- to four-family residential $ 4,472 $ 2,750 $ 381,885 $ 389,107 Multifamily residential 119 -- 92,341 92,460 Nonfarm nonresidential 1,651 1,317 492,205 495,173 Farmland 131 649 93,238 94,018 Construction and land development 20 522 125,243 125,785 Commercial 413 503 322,180 323,096 Consumer 422 81 35,762 36,265 Total $ 7,228 $ 5,822 $ 1,542,854 $ 1,555,904 December 31, 2015 30-89 Days Past Due 90 Days or More Past Due Current Total One- to four-family residential $ 6,051 $ 3,363 $ 391,622 $ 401,036 Multifamily residential 125 67 74,034 74,226 Nonfarm nonresidential 1,060 2,646 483,978 487,684 Farmland 42 668 93,525 94,235 Construction and land development 148 510 115,357 116,015 Commercial 1,722 336 244,246 246,304 Consumer 489 140 37,965 38,594 Total $ 9,637 $ 7,730 $ 1,440,727 $ 1,458,094 As of December 31, 2016 2015, $0.8 $1.0 90 $6.0 $1.7 December 31, 2016 2015, $1.2 $1.4 December 31, 2016 2015, The following tables present age analyses of nonaccrual loans as of December 31, 2016 2015 December 31, 2016 30-89 Days Past Due 90 Days or More Past Due Current Total One- to four-family residential $ 1,194 $ 2,332 $ 3,183 $ 6,709 Nonfarm nonresidential 94 1,156 3,927 5,177 Farmland 41 650 92 783 Construction and land development 13 450 -- 463 Commercial 229 386 3,456 4,071 Consumer 39 78 56 173 Total $ 1,610 $ 5,052 $ 10,714 $ 17,376 December 31, 2015 30-89 Days Past Due 90 Days or More Past Due Current Total One- to four-family residential $ 1,419 $ 2,868 $ 2,168 $ 6,455 Multifamily residential -- 67 163 230 Nonfarm nonresidential 136 1,742 4,760 6,638 Farmland -- 668 305 973 Construction and land development 6 432 184 622 Commercial 23 325 3,887 4,235 Consumer 14 132 41 187 Total $ 1,598 $ 6,234 $ 11,508 $ 19,340 Impaired Loans – December 31, 2016, 2015 2014 310 30 As of or For the Year Ended December 31, 2016 Unpaid Principal Balance Recorded Investment Valuation Allowance Average Recorded Investment Interest Income Recognized Impaired loans with a valuation allowance: One- to four-family residential $ 244 $ 229 $ 74 $ 332 $ 7 Nonfarm nonresidential -- -- -- 903 -- Farmland -- -- -- 95 -- Construction and land development -- -- -- 75 -- Commercial 1,865 1,788 488 2,523 -- Consumer 5 5 5 5 -- 2,114 2,022 567 3,933 7 Impaired loans without a valuation allowance: One- to four-family residential 8,704 6,677 -- 7,074 -- Multifamily -- -- -- 107 -- Nonfarm nonresidential 11,022 9,421 -- 5,656 -- Farmland 1,226 783 -- 740 -- Construction and land development 728 539 -- 593 6 Commercial 2,893 2,570 -- 1,664 -- Consumer 184 168 -- 200 -- 24,757 20,158 -- 16,034 6 Total impaired loans $ 26,871 $ 22,180 $ 567 $ 19,967 $ 13 Interest based on original terms $ 1,360 Interest income recognized on a cash basis on impaired loans $ -- As of or For the Year Ended December 31, 2015 Unpaid Principal Balance Recorded Investment Valuation Allowance Average Recorded Investment Interest Income Recognized Impaired loans with a valuation allowance: One- to four-family residential $ 430 $ 312 $ 83 $ 833 $ 7 Nonfarm nonresidential 2,728 2,395 522 2,651 -- Farmland 616 473 112 479 -- Construction and land development 215 211 89 152 -- Commercial 1,153 1,150 250 461 -- Consumer 5 5 5 13 -- 5,147 4,546 1,061 4,589 7 Impaired loans without a valuation allowance: One- to four-family residential 7,605 6,348 -- 4,902 1 Multifamily 282 230 -- 50 -- Nonfarm nonresidential 5,352 4,243 -- 1,759 -- Farmland 796 499 -- 303 -- Construction and land development 686 490 -- 535 6 Commercial 3,293 3,085 -- 1,399 -- Consumer 188 183 -- 108 -- 18,202 15,078 -- 9,056 7 Total impaired loans $ 23,349 $ 19,624 $ 1,061 $ 13,645 $ 14 Interest based on original terms $ 1,179 Interest income recognized on a cash basis on impaired loans $ -- As of or For the Year Ended December 31, 2014 Unpaid Principal Balance Recorded Investment Valuation Allowance Average Recorded Investment Interest Income Recognized Impaired loans with a valuation allowance: One- to four-family residential $ 1,030 $ 1,204 $ 251 $ 1,141 $ 21 Nonfarm nonresidential 2,531 2,225 580 2,517 -- Farmland 620 484 123 489 -- Construction and land development 276 168 45 632 -- Commercial -- -- -- 50 -- Consumer 16 15 12 12 -- 4,473 4,096 1,011 4,841 21 Impaired loans without a valuation allowance: One- to four-family residential 4,732 4,237 -- 3,747 2 Nonfarm nonresidential 1,619 888 -- 996 -- Farmland 537 250 -- 265 -- Construction and land development 507 540 -- 611 6 Commercial 362 306 -- 327 -- Consumer 15 19 -- 15 -- 7,772 6,240 -- 5,961 8 Total impaired loans $ 12,245 $ 10,336 $ 1,011 $ 10,802 $ 29 Interest based on original terms $ 745 Interest income recognized on a cash basis on impaired loans $ -- Credit Quality Indicators. $500,000. Pass. Special Mention. may rated as substandard are inadequately protected by the current sound net worth and paying capacity of the borrower or the collateral pledged, if any. These assets must have a well-defined weakness based on objective evidence and be characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful. rated as doubtful have all the weaknesses inherent in a substandard asset. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances. Loss. rated as a loss are considered uncollectible and of such little value that continuance as an asset is not warranted. A loss classification does not mean that an asset has no recovery or salvage value, but that it is not practical or desirable to defer writing off or reserving all or a portion of the asset, even though partial recovery may Based on analyses performed at December 31, 2016 2015, December 31, 2016 Pass Special Mention Substandard Total One- to four-family residential $ 375,287 $ 206 $ 13,614 $ 389,107 Multifamily residential 92,460 -- -- 92,460 Nonfarm nonresidential 473,343 314 21,516 495,173 Farmland 92,131 -- 1,887 94,018 Construction and land development 116,269 -- 9,516 125,785 Commercial 317,069 -- 6,027 323,096 Consumer 35,953 1 311 36,265 Total $ 1,502,512 $ 521 $ 52,871 $ 1,555,904 December 31, 2015 Pass Special Mention Substandard Total One- to four-family residential $ 384,193 $ 1,098 $ 15,745 $ 401,036 Multifamily residential 74,063 -- 163 74,226 Nonfarm nonresidential 462,552 10 25,122 487,684 Farmland 91,665 1,095 1,475 94,235 Construction and land development 114,534 91 1,390 116,015 Commercial 240,209 501 5,594 246,304 Consumer 38,283 12 299 38,594 Total $ 1,405,499 $ 2,807 $ 49,788 $ 1,458,094 As of December 31, 2016 2015, not Troubled Debt Restructurings. The following tables summarize TDRs as of December 31, 2016 2015: December 31, 2016 Number of Accruing TDR Loans Balance Number of Nonaccrual TDR Loans Balance Total Number of TDR Loans Total Balance One- to four-family residential 2 $ 197 6 $ 315 8 $ 512 Nonfarm nonresidential 1 4,244 3 410 4 4,654 Farmland -- -- 1 250 1 250 Construction and land development 1 76 2 215 3 291 Commercial 1 287 -- -- 1 287 Consumer -- -- 1 5 1 5 Total 5 $ 4,804 13 $ 1,195 18 $ 5,999 December 31, 2015 Number of Accruing TDR Loans Balance Number of Nonaccrual TDR Loans Balance Total Number of TDR Loans Total Balance One- to four-family residential 2 $ 205 6 $ 450 8 $ 655 Nonfarm nonresidential -- -- 3 461 3 461 Farmland -- -- 1 250 1 250 Construction and land development 1 79 2 242 3 321 Commercial -- -- 1 21 1 21 Consumer -- -- 1 5 1 5 Total 3 $ 284 14 $ 1,429 17 $ 1,713 Loans receivable that were restructured as TDRs during the years ended December 31, 2016 2014 No December 31, 2015. Year Ended December 31, 2016 Balance Balance at Nature of Modification Number of Loans Prior to TDR December 31, 2016 Payment Term (1) One- to four-family residential 1 $ 5 $ 2 $ 5 Nonfarm nonresidential 1 4,244 4,244 4,244 Commercial 2 323 288 323 Total 4 $ 4,572 $ 4,534 $ 4,572 Year Ended December 31, 2014 Balance Balance at Nature of Modification Number of Loans Prior to TDR December 31, 2014 Payment Term (1) Other (2) One- to four-family residential 1 $ 103 $ 95 $ 103 $ -- Construction and land development 1 85 84 -- 85 Consumer 1 11 10 11 -- Total 3 $ 199 $ 189 $ 114 $ 85 ______________________ (1) Concessions represent skipped payments/maturity date extensions, amortization term extensions or conversion from amortizing terms to interest only. (2) The borrower did not have the financial ability to refinance at another bank at renewal. There were no December 31, 2016, 2015 2014 12 As of December 31, 2016 2015, not |