Cover Page
Cover Page - shares | 3 Months Ended | |
Mar. 31, 2021 | May 05, 2021 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2021 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | CIZN | |
Entity Registrant Name | CITIZENS HOLDING CO /MS/ | |
Entity Central Index Key | 0001075706 | |
Current Fiscal Year End Date | --12-31 | |
Entity Current Reporting Status | Yes | |
Entity Shell Company | false | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Address, State or Province | MS | |
Entity Interactive Data Current | Yes | |
Title of 12(b) Security | Common Stock | |
Security Exchange Name | NASDAQ | |
Entity Common Stock, Shares Outstanding | 5,595,320 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 001-15375 | |
Entity Incorporation, State or Country Code | MS | |
Entity Tax Identification Number | 64-0666512 | |
Entity Address, Address Line One | 521 Main Street | |
Entity Address, City or Town | Philadelphia | |
Entity Address, Postal Zip Code | 39350 | |
City Area Code | 601 | |
Local Phone Number | 656-4692 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
ASSETS | ||
Cash and due from banks | $ 26,667 | $ 16,840 |
Interest bearing deposits with other banks | 25,009 | 25,468 |
Investment securities available for sale, at fair value | 774,249 | 678,749 |
Loans, net of allowance for loan losses of $3,816 in 2020 and $3,755 in 2019 | 634,401 | 647,521 |
Premises and equipment, net | 25,634 | 25,630 |
Other real estate owned, net | 4,884 | 3,073 |
Accrued interest receivable | 5,665 | 5,983 |
Cash surrender value of life insurance | 25,970 | 25,814 |
Deferred tax assets, net | 5,844 | 1,548 |
Identifiable intangible assets, net | 13,633 | 13,660 |
Other assets | 6,391 | 6,406 |
TOTAL ASSETS | 1,548,347 | 1,450,692 |
Deposits: | ||
Noninterest-bearing demand | 284,266 | 276,033 |
Interest bearing deposits | 945,355 | 819,156 |
Total deposits | 1,229,621 | 1,095,189 |
Securities sold under agreement to repurchase | 197,709 | 196,272 |
Federal Home Loan Bank (FHLB) advances | 25,000 | |
Accrued interest payable | 432 | 522 |
Deferred compensation payable | 9,736 | 9,665 |
Other liabilities | 4,369 | 4,496 |
Total liabilities | 1,441,867 | 1,331,144 |
SHAREHOLDERS' EQUITY | ||
Common stock, $0.20 par value, 22,500,000 shares authorized, 5,587,070 shares issued and outstanding at March 31, 2021 and at December 31, 2020 | 1,118 | 1,118 |
Additional paid-in capital | 18,176 | 18,134 |
Retained earnings | 96,714 | 96,158 |
Accumulated other comprehensive (loss) income, net of tax benefit (expense) of $3,168 at March 31, 2021 and ($1,376) at December 31, 2020 | (9,528) | 4,138 |
Total shareholders' equity | 106,480 | 119,548 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 1,548,347 | $ 1,450,692 |
Consolidated Statements of Fi_2
Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Loans, allowance for loan losses | $ 4,772 | $ 4,735 |
Common stock, par value | $ 0.20 | $ 0.20 |
Common stock, shares authorized | 22,500,000 | 22,500,000 |
Common stock, shares issued | 5,587,070 | 5,587,070 |
Common stock, shares outstanding | 5,587,070 | 5,587,070 |
Accumulated other comprehensive loss, tax benefits | $ 3,168 | $ 1,376 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
INTEREST INCOME | ||
Interest and fees on loans | $ 8,131 | $ 7,480 |
Interest on securities | ||
Taxable | 262 | 1,657 |
Nontaxable | 671 | 340 |
Other interest | 15 | 232 |
Total interest income | 9,079 | 9,709 |
INTEREST EXPENSE | ||
Deposits | 1,266 | 1,969 |
Other borrowed funds | 180 | 355 |
Total interest expense | 1,446 | 2,324 |
NET INTEREST INCOME | 7,633 | 7,385 |
PROVISION FOR LOAN LOSSES | 87 | 314 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 7,546 | 7,071 |
OTHER INCOME | ||
Other operating income | 1,443 | 559 |
Total other income | 3,232 | 2,381 |
OTHER EXPENSES | ||
Salaries and employee benefits | 4,568 | 4,435 |
Occupancy expense | 1,817 | 1,659 |
Other expense | 2,083 | 1,973 |
Total other expenses | 8,468 | 8,067 |
INCOME BEFORE PROVISION FOR INCOME TAXES | 2,310 | 1,385 |
PROVISION FOR INCOME TAXES | 413 | 225 |
NET INCOME | $ 1,897 | $ 1,160 |
NET INCOME PER SHARE -Basic | $ 0.34 | $ 0.21 |
NET INCOME PER SHARE -Diluted | 0.34 | 0.21 |
DIVIDENDS PAID PER SHARE | $ 0.24 | $ 0.24 |
Deposit Account [Member] | ||
OTHER INCOME | ||
Other income | $ 814 | $ 1,049 |
Financial Service, Other [Member] | ||
OTHER INCOME | ||
Other income | $ 975 | $ 773 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 1,897 | $ 1,160 |
Securities available-for-sale | ||
Unrealized holding (losses) gains | (18,735) | 7,912 |
Income tax effect | 4,674 | (1,974) |
Net unrealized (losses) gains | (14,061) | 5,938 |
Reclassification adjustment for gains included in net income | 526 | 77 |
Income tax effect | (131) | (19) |
Net gains included in net income | 395 | 58 |
Total other comprehensive (loss) income | (13,666) | 5,996 |
Comprehensive (loss) income | $ (11,771) | $ 7,156 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net cash provided by operating activities | $ 4,845 | $ 2,340 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Proceeds from maturities and calls of securities available for sale | 77,734 | 74,267 |
Proceeds from sale of investment securities | 206,125 | 37,196 |
Purchases of investment securities available for sale | (400,134) | (122,722) |
Purchases of bank premises and equipment | (259) | (70) |
Decrease in federal funds sold | 1,600 | |
Decrease (increase) in interest bearing deposits with other banks | 460 | (3,352) |
Proceeds from sale of other real estate owned | 364 | |
Net decrease (increase) in loans | 11,165 | (258) |
Net cash used in investing activities | (104,545) | (13,339) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net increase in deposits | 134,432 | 26,892 |
Increase (decrease) in securities sold under agreement to repurchase | 1,436 | (10,968) |
Proceeds from exercise of stock options | 87 | |
Payment of FHLB advances | (25,000) | |
Payment of dividends | (1,341) | (1,339) |
Net cash provided by financing activities | 109,527 | 14,672 |
Net increase (decrease) in cash and due from banks | 9,827 | 3,673 |
Cash and due from banks, beginning of period | 16,840 | 15,937 |
Cash and due from banks, end of period | $ 26,667 | $ 19,610 |
Nature of Business and Summary
Nature of Business and Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 1. Nature of Business and Summary of Significant Accounting Policies (in thousands, except share and per share data) Nature of Business Citizens Holding Company (referred to herein as the “Company”) owns and operates The Citizens Bank of Philadelphia (the “Bank”). In addition to full service commercial banking, the Bank offers title insurance services through its subsidiary, Title Services LLC. As a state bank, the Bank is subject to regulations of the Mississippi Department of Banking and Consumer Finance and the Federal Deposit Insurance Company. The Company is also subject to the regulations of the Federal Reserve. The area served by the Bank is east central Mississippi, along with southern and northern counties of Mississippi and their surrounding areas. Services are provided at multiple branch offices. Risks and Uncertainties The outbreak of COVID-19 COVID-19 COVID-19 Congress, the President, and the Federal Reserve have taken several actions designed to cushion the economic fallout. Most notably, the three separate stimulus bills, including the CARES Act, the Consolidated Appropriations Act, and the American Rescue Plan Act totaling approximately $4.8 trillion. The goal of these are to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The packages also include extensive emergency funding for hospitals and providers. In addition to the general impact of COVID-19, The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. If the global response to contain COVID-19 COVID-19, Financial position and results of operations The Company’s fee income has been, and could continue to be, reduced due to COVID-19. Due pre-pandemic COVID-19 Capital and liquidity While the Company believes that it has sufficient capital to withstand an extended economic recession brought about by COVID-19, The Company maintains access to multiple sources of liquidity. If an extended recession caused large numbers of the Company’s deposit customers to withdraw their funds, the Company might become more reliant on volatile or more expensive sources of funding. Wholesale funding markets have remained open to us, and rates for short term funding have recently been at historically lows. If funding costs start to elevate, it could have an adverse effect on the Company’s net interest margin. Asset valuation Currently, the Company does not expect COVID-19 COVID-19 non-cash Lending operations and accommodations to borrowers (dollar amounts in thousands) With the passage of the Paycheck Protection Program (“PPP”), administered by the Small Business Administration (“SBA”), the Company is actively participating in assisting its customers with applications for resources through the program. PPP loans originated before June 5, 2020 have a two five 284 Credit The Company has worked with customers directly affected by COVID-19. The COVID-19. Basis of Presentation These interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). However, these interim consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The interim consolidated financial statements are unaudited and reflect all adjustments and reclassifications, which, in the opinion of management, are necessary for a fair presentation of the results of operations and financial condition as of and for the interim periods presented. All adjustments and reclassifications are of a normal and recurring nature. Results for the period ended March 31, 2021 are not necessarily indicative of the results that may be expected for any other interim period or for the year as a whole. The interim consolidated financial statements of Citizens Holding Company (the “Company”) include the accounts of its wholly owned subsidiary, The Citizens Bank of Philadelphia (the “Bank” and collectively with the Company, the “Company”). In addition to full service commercial banking, the Bank offers title insurance services through its subsidiary, Title Services LLC. All significant intercompany transactions have been eliminated in consolidation. For further information and significant accounting policies of the Company, see the Notes to Consolidated Financial Statements of Citizens Holding Company included in the Company’s Annual Report on Form 10-K Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowance for loan losses and valuation of foreclosed real estate, management obtains independent appraisals for significant properties. While management uses available information to recognize losses on loans and to value foreclosed real estate, future additions to the allowance or adjustments to the valuation may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and valuations of foreclosed real estate. Such agencies may require the Company to recognize additions to the allowance or to make adjustments to the valuation based on their judgments about information available to them at the time of their examination. Due to these factors, it is reasonably possible that the allowance for loan losses and valuation of foreclosed real estate may change materially in the near term. Adoption of New Accounting Standards In December 2019, the FASB issued Accounting Standards Update No. 2019-12, Income Taxes (Topic 740) 2019-12 Newly Issued, But Not Yet Effective Accounting Standards In June 2016, the FASB issued ASU 2016-13, 2016-13”). 2016-13 to information about past events and current conditions. The standard provides significant flexibility and requires a high degree of judgment with regards to pooling financial assets with similar risk characteristics, determining the contractual terms of said financial assets and adjusting the relevant historical loss information in order to develop an estimate of expected lifetime losses. In addition, ASU 2016-13 2016-13 , 2019 , and interim periods within those years for public business entities that are SEC filers. However, in October 2019 , the FASB approved deferral of the effective date for ASU 2016-13 , 2023 . ASU 2016-13 2016-13 |
Commitments and Contingent Liab
Commitments and Contingent Liabilities | 3 Months Ended |
Mar. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingent Liabilities | Note 2. Commitments and Contingent Liabilities (in thousands) In the ordinary course of business, the Company enters into commitments to extend credit to its customers. The unused portion of these commitments is not reflected in the accompanying financial statements. As of March 31, 2021, the Company had entered into loan commitments with certain customers with an aggregate unused balance of $151,662 compared to an aggregate unused balance of $138,185 at December 31, 2020. There were $4,437 of letters of credit outstanding at March 31, 2021 and $4,565 at December 31, 2020. The fair value of such commitments is not considered material because letters of credit and loan commitments often are not used in their entirety, if at all, before they expire. The balances of such letters and commitments should not be used to project actual future liquidity requirements. However, the Company does incorporate expectations about the utilization under its credit-related commitments into its asset and liability management program. The Company is a party to lawsuits and other claims that arise in the ordinary course of business, all of which are being vigorously contested. In the regular course of business, management evaluates estimated losses or costs related to litigation, and provisions are made for anticipated losses whenever management believes that such losses are probable and can be reasonably estimated. At the present time, management believes, based on the advice of legal counsel, that the final resolution of pending legal proceedings will not likely have a material impact on the Company’s consolidated financial condition or results of operations. |
Net Income per Share
Net Income per Share | 3 Months Ended |
Mar. 31, 2021 | |
Earnings Per Share [Abstract] | |
Net Income per Share | Note 3. Net Income per Share (in thousands, except share and per share data) Net income per share—basic has been computed based on the weighted average number of shares outstanding during each period. Net income per share—diluted has been computed based on the weighted average number of shares outstanding during each period plus the dilutive effect of outstanding stock options and restricted stock using the treasury stock method. Net income per share was computed as follows: For the Three Months Ended March 31, 2021 2020 Basic weighted average shares outstanding 5,578,820 5,579,381 Dilutive effect of granted options 994 2,030 Diluted weighted average shares outstanding 5,579,814 5,581,411 Net income $ 1,897 $ 1,160 Net income per share-basic $ 0.34 $ 0.21 Net income per share-diluted $ 0.34 $ 0.21 |
Equity Compensation Plans
Equity Compensation Plans | 3 Months Ended |
Mar. 31, 2021 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Equity Compensation Plans | Note 4. Equity Compensation Plans (in thousands, except per share data) The Company has adopted the 2013 Incentive Compensation Plan (the “2013 Plan”), which the Company intends to use for future equity grants to employees, directors or consultants until the termination or expiration of the 2013 Plan. Prior to the adoption of the 2013 Plan, the Company issued awards to directors from the 1999 Directors’ Stock Compensation Plan (the “Directors’ Plan”), which has expired. The following table is a summary of the stock option activity for the three months ended March 31, 2021: Directors’ Plan 2013 Plan Number Weighted Number Weighted Outstanding at December 31, 2020 19,500 $ 19.42 — $ — Granted — — — — Exercised — — — — Expired — — — — Outstanding at March 31, 2021 19,500 $ 19.42 — $ — The intrinsic value of options outstanding under the Directors’ Plan at March 31, 2021, was $9. No options were outstanding under the 2013 Plan as of March 31, 2021. During 2020, the Company’s directors received restricted stock grants totaling 8,250 one-year 169 one |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 5. Income Taxes (in thousands) For the three months ended March 31, 2021 and 2020, the Company recorded a provision for income taxes totaling $413 and $225, respectively. The effective tax rate was 17.88% and 16.50% for the three months ending March 31, 2021 and 2020, respectively. The provision for income taxes includes both federal and state income taxes and differs from the statutory rate due to favorable permanent differences primarily related to tax free municipal investments. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | Note 6. Securities (in thousands) The amortized cost and estimated fair value of securities available-for-sale March 31, 2021 Amortized Gross Gross Estimated Securities available-for-sale Obligations of U.S. Government agencies $ 11,318 $ 180 $ 263 $ 11,235 Mortgage backed securities 609,285 999 11,468 598,816 State, County, Municipals 165,842 2,012 4,156 163,698 Other securities 500 — — 500 Total $ 786,945 $ 3,191 $ 15,887 $ 774,249 December 31, 2020 Amortized Gross Gross Estimated Securities available-for-sale Obligations of U.S. Government agencies $ 11,870 $ 191 $ — $ 12,061 Mortgage backed securities 560,033 4,550 2,600 561,983 State, County, Municipals 100,823 3,410 36 104,197 Other securities 500 8 — 508 Total $ 673,226 $ 8,159 $ 2,636 $ 678,749 At March 31, 2021 and December 31, 2020, securities with a carrying value of $570,204 and $558,955, respectively, were pledged to secure government and public deposits and securities sold under agreement to repurchase. The amortized cost and estimated fair value of securities by contractual maturity at March 31, 2021 and December 31, 2020 are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay certain obligations. March 31, 2021 December 31, 2020 Amortized Estimated Amortized Estimated Available-for-sale Cost Fair Value Cost Fair Value Due in one year or less $ — $ — $ — $ — Due after one year through five years 9,940 10,206 3,594 3,701 Due after five years through ten years 13,370 13,934 20,538 21,446 Due after ten years 154,350 151,293 89,061 91,619 Residential mortgage backed securities 591,951 581,017 536,215 537,027 Commercial mortgage backed securities 17,334 17,799 23,818 24,956 Total $ 786,945 $ 774,249 $ 673,226 $ 678,749 The tables below show the Company’s gross unrealized losses and fair value of available-for-sale A summary of unrealized loss information for securities available-for-sale, March 31, 2021 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Losses Value Losses Value Losses Obligations of U.S. government agencies $ 4,705 $ 263 $ — $ — $ 4,705 $ 263 Mortgage backed securities 501,437 11,468 — — 501,437 11,468 State, County, Municipal 97,153 4,156 — — 97,153 4,156 Total $ 603,295 $ 15,887 $ — $ — $ 603,295 $ 15,887 December 31, 2020 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Losses Value Losses Value Losses Mortgage backed securities $ 278,162 $ 2,600 $ — $ — $ 278,162 $ 2,600 State, County, Municipal 6,541 36 — — 6,541 36 Total $ 284,703 $ 2,636 $ — $ — $ 284,703 $ 2,636 The Company’s unrealized losses on its obligations of United States government agencies, mortgage backed securities and state, county and municipal bonds are the result of an upward trend in interest rates since purchase, mainly in the mid-term |
Non Purchased Loans
Non Purchased Loans | 3 Months Ended |
Mar. 31, 2021 | |
Receivables [Abstract] | |
Non Purchased Loans | Note 7. Non Purchased Loans (in thousands, except number of loans) “Purchased” loans are those acquired in any of the Company’s previous acquisitions. “Non Purchased” loans include all of the Company’s other loans. For purposes of Note 8, all references to “loans” mean non purchased loans. The composition of net loans at March 31, 2021 and December 31, 2020 was as follows: March 31, 2021 December 31, 2020 Real Estate: Land Development and Construction $ 50,209 $ 42,677 Farmland 14,154 15,616 1-4 91,915 94,280 Commercial Real Estate 302,306 306,875 Total Real Estate Loans 458,584 459,448 Business Loans: Commercial and Industrial Loans (1) 111,323 115,679 Farm Production and Other Farm Loans 491 541 Total Business Loans 111,814 116,220 Consumer Loans: Credit Cards 1,710 1,878 Other Consumer Loans 10,118 10,929 Total Consumer Loans 11,828 12,807 Total Gross Loans 582,226 588,475 Unearned Income (1 ) (1 ) Allowance for Loan Losses (4,772 ) (4,735 ) Loans, net $ 577,453 $ 583,739 (1) Includes PPP loans of $23,649 and $29,523 as of March 31, 2021 and December 31, 2020, respectively. Loans are considered to be past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual non-accrual Period-end, non-accrual March 31, 2021 December 31, 2020 Real Estate: Land Development and Construction $ 192 $ 308 Farmland 275 287 1-4 1,836 1,809 Commercial Real Estate 3,791 5,600 Total Real Estate Loans 6,094 8,004 Business Loans: Commercial and Industrial Loans 476 413 Farm Production and Other Farm Loans 7 9 Total Business Loans 483 422 Consumer Loans: Other Consumer Loans 26 33 Total Consumer Loans 26 33 Total Nonaccrual Loans $ 6,603 $ 8,459 An aging analysis of past due loans, segregated by class, as of March 31, 2021, was as follows: Loans 30-89 Days Loans Total Current Total Accruing Loans Real Estate: Land Development and Construction $ 13 $ — $ 13 $ 50,196 $ 50,209 $ — Farmland 60 75 135 14,019 14,154 — 1-4 1,083 89 1,172 90,743 91,915 — Commercial Real Estate 184 814 998 301,308 302,306 — Total Real Estate Loans 1,340 978 2,318 456,266 458,584 — Business Loans: Commercial and Industrial Loans 106 472 578 110,745 111,323 — Farm Production and Other Farm Loans 11 — 11 480 491 — Total Business Loans 117 472 589 111,225 111,814 — Consumer Loans: Credit Cards 19 10 29 1,681 1,710 10 Other Consumer Loans 40 — 40 10,078 10,118 — Total Consumer Loans 59 10 69 11,759 11,828 10 Total Loans $ 1,516 $ 1,460 $ 2,976 $ 579,250 $ 582,226 $ 10 An aging analysis of past due loans, segregated by class, as of December 31, 2020 was as follows: Loans 30-89 Days Loans Total Current Total Accruing Real Estate: Land Development and Construction $ 112 $ — $ 112 $ 42,565 $ 42,677 $ — Farmland 183 75 258 15,358 15,616 — 1-4 1,301 246 1,547 92,733 94,280 — Commercial Real Estate 1,407 700 2,107 304,768 306,875 — Total Real Estate Loans 3,003 1,021 4,024 455,424 459,448 — Business Loans: Commercial and Industrial Loans 97 405 502 115,177 115,679 5 Farm Production and Other Farm Loans 2 — 2 539 541 — Total Business Loans 99 405 504 115,716 116,220 5 Consumer Loans: Credit Cards 25 9 34 1,844 1,878 9 Other Consumer Loans 66 — 66 10,863 10,929 — Total Consumer Loans 91 9 100 12,707 12,807 9 Total Loans $ 3,193 $ 1,435 $ 4,628 $ 583,847 $ 588,475 $ 14 Loans are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. In determining which loans to evaluate for impairment, management looks at all loans over $100 that are past due loans, bankruptcy filings and any situation that might lend itself to cause a borrower to be unable to repay the loan according to the original agreement terms. If a loan is determined to be impaired and the collateral is deemed to be insufficient to fully repay the loan, a specific reserve will be established. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Impaired loans or portions thereof, are charged-off Impaired loans as of March 31, 2021, segregated by class, were as follows: Unpaid Recorded Recorded Total Related Average Real Estate: Land Development and Construction $ 192 $ 192 $ — $ 192 $ — $ 250 Farmland 35 35 — 35 — 73 1-4 1,105 1,105 — 1,105 — 1,061 Commercial Real Estate 4,157 1,463 2,501 3,964 766 4,896 Total Real Estate Loans 5,489 2,795 2,501 5,296 766 $ 6,280 Business Loans: Commercial and Industrial Loans 304 — 304 304 108 $ 359 Total Business Loans 304 — 304 304 108 $ 359 Total Loans $ 5,793 $ 2,795 $ 2,805 $ 5,600 $ 874 $ 6,639 Impaired loans as of December 31, 2020, segregated by class, were as follows: Unpaid Recorded Recorded Total Related Average Real Estate: Land Development and Construction $ 308 $ 256 $ 52 $ 308 $ 13 $ 210 Farmland 111 111 — 111 — 182 1-4 1,016 1,012 4 1,016 1 928 Commercial Real Estate 6,021 3,323 2,504 5,827 768 7,808 Total Real Estate Loans 7,456 4,702 2,560 7,262 782 $ 9,127 Business Loans: Commercial and Industrial Loans 413 54 359 413 125 $ 279 Total Business Loans 413 54 359 413 125 $ 279 Total Loans $ 7,869 $ 4,756 $ 2,919 $ 7,675 $ 907 $ 9,405 The Company did not have any new troubled debt restructurings as of March 31, 2021 or December 31, 2020. Changes in the Company’s troubled debt restructurings are set forth in the table below: Number Recorded Totals at January 1, 2020 3 $ 2,495 Reductions due to: Principal paydowns (382 ) Totals at December 31, 2020 3 $ 2,113 Reductions due to: Principal paydowns (39 ) Reclassification to OREO 2 (1,788 ) Total at March 31, 2021 1 $ 286 The allocated allowance for loan losses attributable to restructured loans was $-0- The Company utilizes a risk grading matrix to assign a risk grade to each of its loans when originated and is updated as factors related to the strength of the loan changes. Loans are graded on a scale of 1 to 9. A description of the general characteristics of the 9 risk grades follows. Grade 1. MINIMAL RISK - These loans are without loss exposure to the Company. This classification is reserved for only the best, well secured loans to borrowers with significant capital strength, low leverage, stable earnings and growth and other readily available financing alternatives. This type of loan would also include loans secured by a program of the government. Grade 2. MODEST RISK - These loans include borrowers with solid credit quality and moderate risk of loss. These loans may be fully secured by certificates of deposit with another reputable financial institution, or secured by readily marketable securities with acceptable margins. Grade 3. AVERAGE RISK - This is the rating assigned to the majority of the loans held by the Company. This includes loans with average loss exposure and average overall quality. These loans should liquidate through possessing adequate collateral and adequate earnings of the borrower. In addition, these loans are properly documented and are in accordance with all aspects of the current loan policy. Grade 4. ACCEPTABLE RISK - Borrower generates sufficient cash flow to fund debt service but most working asset and capital expansion needs are provided from external sources. Profitability and key balance sheet ratios are usually close to peers but one or more may be higher than peers. Grade 5. MANAGEMENT ATTENTION - Borrower has significant weaknesses resulting from performance trends or management concerns. The financial condition of the borrower has taken a negative turn and may be temporarily strained. Cash flow is weak but cash reserves remain adequate to meet debt service. Management weakness is evident. Grade 6. OTHER LOANS ESPECIALLY MENTIONED (“OLEM”) - Loans in this category are fundamentally sound but possess some weaknesses. OLEM loans have potential weaknesses which may, if not checked or corrected, weaken the asset or inadequately protect the bank’s credit position at some future date. These loans have an identifiable weakness in credit, collateral, or repayment ability but there is no expectation of loss. Grade 7. SUBSTANDARD ASSETS - Assets classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Assets classified as substandard must have a well-defined weakness based upon objective evidence. Assets classified as substandard are characterized by the distinct possibility that the insured institution will sustain some loss if the deficiencies are not corrected. The possibility that liquidation would not be timely requires a substandard classification even if there is little likelihood of total loss. This classification does not mean that the loan will incur a total or partial loss. Substandard loans may or may not be impaired. Grade 8. DOUBTFUL - A loan classified as doubtful has all the weaknesses of a substandard classification and the added characteristic that the weakness makes collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable or improbable. The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors which may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. A doubtful classification could reflect the fact that the primary source of repayment is gone and serious doubt exists as to the quality of a secondary source of repayment. Grade 9. LOSS - Loans classified as loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may occur in the future. Also included in this classification is the defined loss portion of loans rated substandard assets and doubtful assets. These internally assigned grades are updated on a continual basis throughout the course of the year and represent management’s most updated judgment regarding grades at March 31, 2021. The following table details the amount of gross loans, segregated by loan grade and class, as of March 31, 2021: Satisfactory Special Substandard Doubtful Loss Total Real Estate: Land Development and Construction $ 48,774 $ 785 $ 650 $ — $ — $ 50,209 Farmland 13,394 128 632 — — 14,154 1-4 82,707 3,451 5,757 — — 91,915 Commercial Real Estate 257,164 23,443 21,699 — — 302,306 Total Real Estate Loans 402,039 27,807 28,738 — — 458,584 Business Loans: Commercial and Industrial Loans 104,909 4,443 1,966 — 5 111,323 Farm Production and Other Farm Loans 466 — 18 — 7 491 Total Business Loans 105,375 4,443 1,984 — 12 111,814 Consumer Loans: Credit Cards 1,681 — 29 — — 1,710 Other Consumer Loans 9,997 63 39 19 — 10,118 Total Consumer Loans 11,678 63 68 19 — 11,828 Total Loans $ 519,092 $ 32,313 $ 30,790 $ 19 $ 12 $ 582,226 The following table details the amount of gross loans segregated by loan grade and class, as of December 31, 2020: Satisfactory Special Substandard Doubtful Loss Total Real Estate: Land Development and Construction $ 41,775 $ 120 $ 782 $ — $ — $ 42,677 Farmland 14,801 95 720 — — 15,616 1-4 85,203 3,210 5,867 — — 94,280 Commercial Real Estate 258,339 35,769 12,767 — — 306,875 Total Real Estate Loans 400,118 39,194 20,136 — — 459,448 Business Loans: Commercial and Industrial Loans 109,525 4,409 1,738 — 7 115,679 Farm Production and Other Farm Loans 512 — 20 — 9 541 Total Business Loans 110,037 4,409 1,758 — 16 116,220 Consumer Loans: Credit Cards 1,845 — 33 — — 1,878 Other Consumer Loans 10,820 43 41 25 — 10,929 Total Consumer Loans 12,665 43 74 25 — 12,807 Total Loans $ 522,820 $ 43,646 $ 21,968 $ 25 $ 16 $ 588,475 |
Purchased Loans
Purchased Loans | 3 Months Ended |
Mar. 31, 2021 | |
Purchased Loans [Abstract] | |
Purchased loans | Note 8. Purchased Loans (in thousands) For purposes of this Note 8, all references to “loans” means purchased loans. The following is a summary of purchased loans: March 31, 2021 December 31, 2020 Real Estate: Land Development and Construction $ 5,606 $ 6,153 Farmland 476 520 1-4 20,089 23,306 Commercial Real Estate 23,273 24,237 Total Real Estate Loans 49,444 54,216 Business Loans: Commercial and Industrial Loans 6,176 7,871 Farm Production and Other Farm Loans 518 755 Total Business Loans 6,694 8,626 Consumer Loans: Other Consumer Loans 810 940 Total Consumer Loans 810 940 Total Purchased Loans $ 56,948 $ 63,782 Period-end, non-accrual March 31, 2021 December 31, 2020 Real Estate: 1-4 $ 170 $ 73 Total Real Estate Loans 170 73 Business Loans: Commercial and Industrial Loans 16 18 Total Business Loans 16 18 Consumer Loans: Other Consumer Loans — 14 Total Consumer Loans — 14 Total Nonaccrual Loans $ 186 $ 105 An age analysis of past due loans, segregated by class of loans, as of March 31, 2021, is as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ — $ — $ — $ 5,606 $ 5,606 $ — Farmland — — — 476 476 — 1-4 — 162 162 19,927 20,089 39 Commercial Real Estate — — — 23,273 23,273 — Total Real Estate Loans — 162 162 49,282 49,444 39 Business Loans: Commercial and Industrial Loans 48 — 48 6,128 6,176 — Farm Production and Other Farm Loans — — — 518 518 — Total Business Loans 48 — 48 6,646 6,694 — Consumer Loans: Other Consumer Loans 18 — 18 792 810 — Total Consumer Loans 18 — 18 792 810 — Total Loans $ 66 $ 162 $ 228 $ 56,720 $ 56,948 $ 39 An age analysis of past due loans, segregated by class of loans, as of December 31, 2020, is as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ 332 $ — $ 332 $ 5,821 $ 6,153 $ — Farmland — — — 520 520 — 1-4 401 — 401 22,905 23,306 — Commercial Real Estate — — — 24,237 24,237 — Total Real Estate Loans 733 — 733 53,483 54,216 — Business Loans: Commercial and Industrial Loans 849 — 849 7,022 7,871 — Farm Production and Other Farm Loans — — — 755 755 — Total Business Loans 849 — 849 7,777 8,626 — Consumer Loans: Other Consumer Loans 35 — 35 905 940 — Total Consumer Loans 35 — 35 905 940 — Total Loans $ 1,617 $ — $ 1,617 $ 62,165 $ 63,782 $ — The following table details the amount of gross loans by loan grade, which are consistent with the Company’s loan grades, and class as of March 31, 2021: Satisfactory Special Substandard Doubtful Loss Total Real Estate: Land Development and Construction $ 4,832 $ 754 $ 20 $ — $ — $ 5,606 Farmland 315 161 — — — 476 1-4 17,532 1,870 687 — — 20,089 Commercial Real Estate 21,704 1,286 283 — — 23,273 Total Real Estate Loans 44,383 4,071 990 — — 49,444 Business Loans: Commercial and Industrial Loans 5,612 441 123 — — 6,176 Farm Production and Other Farm Loans 518 — — — — 518 Total Business Loans 6,130 441 123 — — 6,694 Consumer Loans: Other Consumer Loans 741 23 45 — 1 810 Total Consumer Loans 741 23 45 — 1 810 Total Loans $ 51,254 $ 4,535 $ 1,158 $ — $ 1 $ 56,948 The following table details the amount of gross loans by loan grade, which are consistent with the Company’s loan grades, and class as of December 31, 2020: Satisfactory Special Substandard Doubtful Loss Total Real Estate: Land Development and Construction $ 5,364 $ 766 $ 23 $ — $ — $ 6,153 Farmland 357 163 — — — 520 1-4 21,116 1,655 535 — — 23,306 Commercial Real Estate 22,469 1,484 284 — — 24,237 Total Real Estate Loans 49,306 4,068 842 — — 54,216 Business Loans: Commercial and Industrial Loans 7,121 397 353 — — 7,871 Farm Production and Other Farm Loans 755 — — — — 755 Total Business Loans 7,876 397 353 — — 8,626 Consumer Loans: Other Consumer Loans 862 29 35 — 14 940 Total Consumer Loans 862 29 35 — 14 940 Total Loans $ 58,044 $ 4,494 $ 1,230 $ — $ 14 $ 63,782 Loans purchased in business combinations that exhibited, at the date of acquisition, evidence of deterioration of the credit quality since origination, such that it was probable that all contractually required payments would not be collected, were as follows: March 31, 2021 December 31, 2020 Real Estate: Land Development and Construction $ 6 $ 8 1-4 — 25 Total Real Estate Loans 6 33 Business Loans: Commercial and Industrial Loans 307 305 Total Business Loans 307 305 Total Purchased Credit Deteriorated Loans $ 313 $ 338 Non-accrual $-0- 1-4 The following table presents the fair value of loans determined to be impaired at the time of acquisition: Total Purchased Credit Contractually-required principal $ 993 Nonaccretable difference (68 ) Cash flows expected to be collected 925 Accretable yield (36 ) Fair Value $ 889 There were no The following table presents the fair value of loans purchased from Charter as of the October 1, 2019 acquisition date: October 1, 2019 At acquisition date: Contractually-required principal $ 104,127 Nonaccretable difference (68 ) Cash flows expected to be collected 104,059 Accretable yield (394 ) Fair Value $ 103,665 |
Allowance for Loan Losses
Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2021 | |
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract] | |
Allowance for Loan Losses | Note 9. Allowance for Loan Losses (in thousands) The allowance for loan losses is established through a provision for loan losses charged to expense, which represents management’s best estimate of probable losses within the existing portfolio of loans. The allowance, in the judgment of management, is necessary to reserve for estimated loan losses and risks inherent in the loan portfolio. The allowance on the majority of the loan portfolio is calculated using a historical chargeoff percentage applied to the current loan balances by loan segment. This historical period is the average of the previous twenty quarters with the most current quarters weighted more heavily to show the effect of the most recent chargeoff activity. This percentage is also adjusted for economic factors such as local unemployment and general business conditions, both local and nationwide. The group of loans that are considered to be impaired are individually evaluated for possible loss and a specific reserve is established to cover any loss contingency. Loans that are determined to be a loss with no benefit of remaining in the portfolio are charged off to the allowance. These specific reserves are reviewed periodically for continued impairment and adequacy of the specific reserve and are adjusted when necessary. The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2021: March 31, 2021 Real Business Consumer Total Beginning Balance, January 1, 2021 $ 3,885 $ 611 $ 239 $ 4,735 Provision for loan losses 33 22 32 87 Chargeoffs 31 31 35 97 Recoveries 36 3 8 47 Net (recoveries) chargeoffs (5 ) 28 27 50 Ending Balance $ 3,923 $ 605 $ 244 $ 4,772 Period end allowance allocated to: Loans individually evaluated for impairment $ 766 $ 108 $ — $ 874 Loans collectively evaluated for impairment 3,157 497 244 3,898 Ending Balance, March 31, 2021 $ 3,923 $ 605 $ 244 $ 4,772 The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2020: March 31, 2020 Real Business Consumer Total Beginning Balance, January 1, 2020 $ 3,075 $ 371 $ 309 $ 3,755 Provision for loan losses 184 3 127 314 Chargeoffs 222 23 55 300 Recoveries 14 24 9 47 Net (recoveries) chargeoffs 208 (1 ) 46 253 Ending Balance $ 3,051 $ 375 $ 390 $ 3,816 Period end allowance allocated to: Loans individually evaluated for impairment $ 582 $ 95 $ — $ 677 Loans collectively evaluated for impairment 2,469 280 390 3,139 Ending Balance, March 31, 2020 $ 3,051 $ 375 $ 390 $ 3,816 The Company’s recorded investment in loans as of March 31, 2021 and December 31, 2020 related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of the Company’s impairment methodology was as follows: March 31, 2021 Real Business Consumer Total Loans individually evaluated for specific impairment $ 5,296 $ 304 $ — $ 5,600 Loans collectively evaluated for general impairment 502,726 117,897 12,638 633,261 Acquired with deteriorated credit quality 6 307 — 313 $ 508,028 $ 118,508 $ 12,638 $ 639,174 December 31, 2020 Real Business Consumer Total Loans individually evaluated for specific impairment $ 7,262 $ 413 $ — $ 7,675 Loans collectively evaluated for general impairment 506,368 124,128 13,748 644,244 Acquired with deteriorated credit quality 33 305 — 338 $ 513,663 $ 124,846 $ 13,748 $ 652,257 |
Premises and Equipment
Premises and Equipment | 3 Months Ended |
Mar. 31, 2021 | |
Leases [Abstract] | |
Premises and Equipment | Note 10. Premises and Equipment (in thousands) The Company leases certain premises and equipment under operating leases. At March 31, 2021, the Company had lease liabilities and Right-of-Use Lease costs were as follows: (in thousands) Three Months Ended Three Months Ended Operating lease cost $ 117 $ 92 Short-term lease cost 6 6 Variable lease cost — — $ 123 $ 98 There were no sale and leaseback transactions, leverage leases or lease transactions with related parties during the three months ended March 31, 2021. A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (in thousands) Three Months Ended Lease payments due: Within one year $ 2,218 After one year but within two years 121 After two years but within three years 63 After three year but within four years 64 After four years but within five years 65 After five years 123 Total undiscounted cash flows 2,654 Discount on cash flows (24 ) Total lease liability $ 2,630 |
Other Intangible Assets
Other Intangible Assets | 3 Months Ended |
Mar. 31, 2021 | |
Other Intangible Assets [Abstract] | |
Other Intangible Assets | Note 11. Other Intangible Assets (in thousands) The following table provides a summary of finite-lived intangible assets as of the dates presented: March 31, 2021 December 31, 2020 Core deposit intangible $ 630 $ 739 Accumulated amortization (27 ) (109 ) Total finite-lived intangible assets $ 603 $ 630 Core deposit intangible amortization expense for the period ended March 31, 2021 and period ended December 31, 2020 was $27 and $109, respectively. The estimated amortization expense of finite-lived intangible assets for the five succeeding fiscal years is summarized as follows: Year ending December 31, Amount 2021 $ 82 2022 109 2023 109 2024 109 2025 109 Thereafter 85 $ 603 |
Shareholders' Equity
Shareholders' Equity | 3 Months Ended |
Mar. 31, 2021 | |
Equity [Abstract] | |
Shareholders' Equity | Note 12. Shareholders’ Equity (in thousands, except share data) The following summarizes the activity in the capital structure of the Company: Number of Common Additional Paid-In Accumulated Retained Total Balance, January 1, 2021 5,587,070 $ 1,118 $ 18,134 $ 4,138 $ 96,158 $ 119,548 Net income — — — — 1,897 1,897 Dividends paid ($0.24 per share) — — — — (1,341 ) (1,341 ) Options exercised — — — — — — Restricted stock granted — — — — — — Stock compensation expense — — 42 — — 42 Other comprehensive loss, net — — — (13,666 ) — (13,666 ) Balance, March 31, 2021 5,587,070 $ 1,118 $ 18,176 $ (9,528) $ 96,714 $ 106,480 Number of Common Additional Paid-In Accumulated Retained Total Balance, January 1, 2020 5,578,131 $ 1,116 $ 17,883 $ (789) $ 94,590 $ 112,800 Net income — — — — 1,160 1,160 Dividends paid ($0.24 per share) — — — — (1,339 ) (1,339 ) Options exercised 4,500 1 86 — — 87 Restricted stock granted — — — — — — Stock compensation expense — — 40 — — 40 Other comprehensive income, net — — — 5,996 — 5,996 Balance, March 31, 2020 5,582,631 $ 1,117 $ 18,009 $ 5,207 $ 94,411 $ 118,744 |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2021 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | Note 13. Fair Value of Financial Instruments (in thousands) The fair value topic of the ASC establishes a framework for measuring fair value and requires enhanced disclosures about fair value measurements. This topic clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. This topic also requires disclosure about how fair value was determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows: Level 1 Quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 Inputs other than quoted prices in active markets for identical assets and liabilities included in Level 1 that are observable for the asset or liability, either directly or indirectly, such as quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active; or Level 3 Unobservable inputs for an asset or liability, such as discounted cash flow models or valuations. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following table presents assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2021: Quoted Prices Significant Significant (Level 1) (Level 2) (Level 3) Totals Securities available for sale Obligations of U.S. Government Agencies $ — $ 11,235 $ — $ 11,235 Mortgage-backed securities — 598,816 — 598,816 State, county and municipal — 163,698 — 163,698 Other securities — 500 — 500 Total $ — $ 774,249 $ — $ 774,249 The following table presents assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2020: Quoted Prices Significant Significant (Level 1) (Level 2) (Level 3) Totals Securities available for sale Obligations of U.S. Government Agencies $ — $ 12,061 $ — $ 12,061 Mortgage-backed securities — 561,983 — 561,983 State, county and municipal — 104,197 — 104,197 Other securities — 508 — 508 Total $ — $ 678,749 $ — $ 678,749 The Company recorded no gains or losses in earnings for the period ended March 31, 2021 or December 31, 2020 that were attributable to the change in unrealized gains or losses relating to assets still held at the reporting date. Impaired Loans Loans considered impaired are reserved for at the time the loan is identified as impaired taking into account the fair value of the collateral less estimated selling costs. Collateral may be real estate and/or business assets including but not limited to, equipment, inventory and accounts receivable. The fair value of real estate is determined based on appraisals by qualified licensed appraisers. The fair value of the business assets is generally based on amounts reported on the business’s financial statements. Appraised and reported values may be adjusted based on management’s historical knowledge, changes in market conditions from the time of valuation and management knowledge of the client and the client’s business. Since not all valuation inputs are observable, these nonrecurring fair value determinations are classified Level 3. The unobservable inputs may vary depending on the individual assets with the fair value of real estate based on appraised value being the predominant approach. The Company reviews the certified appraisals for appropriateness and adjusts the value downward to consider selling, closing and liquidation costs, which typically approximates 25% of the appraised value. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors previously identified. Other real estate owned OREO is primarily comprised of real estate acquired in partial or full satisfaction of loans. OREO is recorded at its estimated fair value less estimated selling and closing costs at the date of transfer, with any excess of the related loan balance over the fair value less expected selling costs charged to the allowance for loan losses. Subsequent changes in fair value are reported as adjustments to the carrying amount and are recorded against earnings. The Company outsources the valuation of OREO with material balances to third party appraisers. The Company reviews the third-party appraisal for appropriateness and adjusts the value downward to consider selling and closing costs, which typically approximate 25% of the appraised value. For assets measured at fair value on a nonrecurring basis during 2021 that were still held on the Company’s balance sheet at March 31, 2021, the following table provides the hierarchy level and the fair value of the related assets: Quoted Prices Significant Significant (Level 1) (Level 2) (Level 3) Totals Impaired loans $ — $ — $ 109 $ 109 Other real estate owned — — 42 42 Total $ — $ — $ 151 $ 151 The following table presents information as of March 31, 2021 about significant unobservable inputs (Level 3) used in the valuation of assets and liabilities measured at fair value on a nonrecurring basis: Financial instrument Fair Value Valuation Technique Significant Unobservable Inputs Range of Impaired loans $ 109 Appraised value of collateral less estimated costs to sell Estimated costs to sell 25 % OREO 42 Appraised value of collateral less estimated costs to sell Estimated costs to sell 25 % For assets measured at fair value on a nonrecurring basis during 2020 that were still held on the Company’s balance sheet at December 31, 2020, the following table provides the hierarchy level and the fair value of the related assets: Quoted Prices Significant Significant (Level 1) (Level 2) (Level 3) Totals Impaired loans $ — $ — $ 2,013 $ 2,013 Total $ — $ — $ 2,013 $ 2,013 Impaired loans, whose fair value was remeasured during the period, with a carrying value of $118 and $2,920 had an allocated allowance for loan losses of $9 and $907 at March 31, 2021 and December 31, 2020, respectively. The allocated allowance is based on the carrying value of the impaired loan and the fair value of the underlying collateral less estimated costs to sell. After monitoring the carrying amounts for subsequent declines or impairments after foreclosure, management determined that a fair value adjustment to OREO in the amount of $16 and $-0- The financial instruments topic of the ASC requires disclosure of financial instruments’ fair values, as well as the methodology and significant assumptions used in estimating fair values. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. The financial instruments topic of the ASC excludes certain financial instruments from its disclosure requirements. The following represents the carrying value and estimated fair value of the Company’s financial instruments at March 31, 2021: March 31, 2021 Carrying Quoted Prices Significant Significant Total (Level 1) (Level 2) (Level 3) Financial assets Cash and due from banks $ 26,667 $ 26,667 $ — $ — $ 26,667 Interest bearing deposits with banks 25,009 25,009 — — 25,009 Securities available-for-sale 774,249 — 774,249 — 774,249 Net loans 634,401 — — 628,207 628,207 Financial liabilities Deposits $ 1,229,621 $ 972,079 $ 258,733 $ — $ 1,230,812 Securities sold under agreement to repurchase 197,709 197,709 — — 197,709 The following represents the carrying value and estimated fair value of the Company’s financial instruments at December 31, 2020: December 31, 2020 Carrying Quoted Prices Significant Significant Total (Level 1) (Level 2) (Level 3) Financial assets Cash and due from banks $ 16,840 $ 16,840 $ — $ — $ 16,840 Interest bearing deposits with banks 25,468 25,468 — — 25,468 Securities available-for-sale 678,749 — 678,749 — 678,749 Net loans 647,521 — — 638,362 638,362 Financial liabilities Deposits $ 1,095,189 $ 861,552 $ 234,909 $ — $ 1,096,461 Securities sold under agreement to repurchase 196,272 196,272 — — 196,272 Federal Home Loan Bank advances 25,000 25,000 — — 25,000 |
Nature of Business and Summar_2
Nature of Business and Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
Nature of Business | Nature of Business Citizens Holding Company (referred to herein as the “Company”) owns and operates The Citizens Bank of Philadelphia (the “Bank”). In addition to full service commercial banking, the Bank offers title insurance services through its subsidiary, Title Services LLC. As a state bank, the Bank is subject to regulations of the Mississippi Department of Banking and Consumer Finance and the Federal Deposit Insurance Company. The Company is also subject to the regulations of the Federal Reserve. The area served by the Bank is east central Mississippi, along with southern and northern counties of Mississippi and their surrounding areas. Services are provided at multiple branch offices. |
Risks and Uncertainties | Risks and Uncertainties The outbreak of COVID-19 COVID-19 COVID-19 Congress, the President, and the Federal Reserve have taken several actions designed to cushion the economic fallout. Most notably, the three separate stimulus bills, including the CARES Act, the Consolidated Appropriations Act, and the American Rescue Plan Act totaling approximately $4.8 trillion. The goal of these are to prevent a severe economic downturn through various measures, including direct financial aid to American families and economic stimulus to significantly impacted industry sectors. The packages also include extensive emergency funding for hospitals and providers. In addition to the general impact of COVID-19, The Company’s business is dependent upon the willingness and ability of its employees and customers to conduct banking and other financial transactions. If the global response to contain COVID-19 COVID-19, Financial position and results of operations The Company’s fee income has been, and could continue to be, reduced due to COVID-19. Due pre-pandemic COVID-19 Capital and liquidity While the Company believes that it has sufficient capital to withstand an extended economic recession brought about by COVID-19, The Company maintains access to multiple sources of liquidity. If an extended recession caused large numbers of the Company’s deposit customers to withdraw their funds, the Company might become more reliant on volatile or more expensive sources of funding. Wholesale funding markets have remained open to us, and rates for short term funding have recently been at historically lows. If funding costs start to elevate, it could have an adverse effect on the Company’s net interest margin. Asset valuation Currently, the Company does not expect COVID-19 COVID-19 non-cash Lending operations and accommodations to borrowers (dollar amounts in thousands) With the passage of the Paycheck Protection Program (“PPP”), administered by the Small Business Administration (“SBA”), the Company is actively participating in assisting its customers with applications for resources through the program. PPP loans originated before June 5, 2020 have a two five 284 Credit The Company has worked with customers directly affected by COVID-19. The COVID-19. |
Basis of Presentation | Basis of Presentation These interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). However, these interim consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The interim consolidated financial statements are unaudited and reflect all adjustments and reclassifications, which, in the opinion of management, are necessary for a fair presentation of the results of operations and financial condition as of and for the interim periods presented. All adjustments and reclassifications are of a normal and recurring nature. Results for the period ended March 31, 2021 are not necessarily indicative of the results that may be expected for any other interim period or for the year as a whole. The interim consolidated financial statements of Citizens Holding Company (the “Company”) include the accounts of its wholly owned subsidiary, The Citizens Bank of Philadelphia (the “Bank” and collectively with the Company, the “Company”). In addition to full service commercial banking, the Bank offers title insurance services through its subsidiary, Title Services LLC. All significant intercompany transactions have been eliminated in consolidation. 10-K |
Estimates | Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowance for loan losses and valuation of foreclosed real estate, management obtains independent appraisals for significant properties. While management uses available information to recognize losses on loans and to value foreclosed real estate, future additions to the allowance or adjustments to the valuation may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and valuations of foreclosed real estate. Such agencies may require the Company to recognize additions to the allowance or to make adjustments to the valuation based on their judgments about information available to them at the time of their examination. Due to these factors, it is reasonably possible that the allowance for loan losses and valuation of foreclosed real estate may change materially in the near term. |
Recently Issued Accounting Pronouncements | Adoption of New Accounting Standards In December 2019, the FASB issued Accounting Standards Update No. 2019-12, Income Taxes (Topic 740) 2019-12 Newly Issued, But Not Yet Effective Accounting Standards In June 2016, the FASB issued ASU 2016-13, 2016-13”). 2016-13 to information about past events and current conditions. The standard provides significant flexibility and requires a high degree of judgment with regards to pooling financial assets with similar risk characteristics, determining the contractual terms of said financial assets and adjusting the relevant historical loss information in order to develop an estimate of expected lifetime losses. In addition, ASU 2016-13 2016-13 , 2019 , and interim periods within those years for public business entities that are SEC filers. However, in October 2019 , the FASB approved deferral of the effective date for ASU 2016-13 , 2023 . ASU 2016-13 2016-13 |
Net Income per Share (Tables)
Net Income per Share (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Net income per share was computed as follows: For the Three Months Ended March 31, 2021 2020 Basic weighted average shares outstanding 5,578,820 5,579,381 Dilutive effect of granted options 994 2,030 Diluted weighted average shares outstanding 5,579,814 5,581,411 Net income $ 1,897 $ 1,160 Net income per share-basic $ 0.34 $ 0.21 Net income per share-diluted $ 0.34 $ 0.21 |
Equity Compensation Plans (Tabl
Equity Compensation Plans (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Summary of Stock Option Activity | The following table is a summary of the stock option activity for the three months ended March 31, 2021: Directors’ Plan 2013 Plan Number Weighted Number Weighted Outstanding at December 31, 2020 19,500 $ 19.42 — $ — Granted — — — — Exercised — — — — Expired — — — — Outstanding at March 31, 2021 19,500 $ 19.42 — $ — |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Estimated Fair Value of Securities Available-for-Sale | The amortized cost and estimated fair value of securities available-for-sale March 31, 2021 Amortized Gross Gross Estimated Securities available-for-sale Obligations of U.S. Government agencies $ 11,318 $ 180 $ 263 $ 11,235 Mortgage backed securities 609,285 999 11,468 598,816 State, County, Municipals 165,842 2,012 4,156 163,698 Other securities 500 — — 500 Total $ 786,945 $ 3,191 $ 15,887 $ 774,249 December 31, 2020 Amortized Gross Gross Estimated Securities available-for-sale Obligations of U.S. Government agencies $ 11,870 $ 191 $ — $ 12,061 Mortgage backed securities 560,033 4,550 2,600 561,983 State, County, Municipals 100,823 3,410 36 104,197 Other securities 500 8 — 508 Total $ 673,226 $ 8,159 $ 2,636 $ 678,749 |
Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity | The amortized cost and estimated fair value of securities by contractual maturity at March 31, 2021 and December 31, 2020 are shown below. Actual maturities may differ from contractual maturities because issuers have the right to call or prepay certain obligations. March 31, 2021 December 31, 2020 Amortized Estimated Amortized Estimated Available-for-sale Cost Fair Value Cost Fair Value Due in one year or less $ — $ — $ — $ — Due after one year through five years 9,940 10,206 3,594 3,701 Due after five years through ten years 13,370 13,934 20,538 21,446 Due after ten years 154,350 151,293 89,061 91,619 Residential mortgage backed securities 591,951 581,017 536,215 537,027 Commercial mortgage backed securities 17,334 17,799 23,818 24,956 Total $ 786,945 $ 774,249 $ 673,226 $ 678,749 |
Summary of Unrealized Loss Information for Available-for-sale Securities | A summary of unrealized loss information for securities available-for-sale, March 31, 2021 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Losses Value Losses Value Losses Obligations of U.S. government agencies $ 4,705 $ 263 $ — $ — $ 4,705 $ 263 Mortgage backed securities 501,437 11,468 — — 501,437 11,468 State, County, Municipal 97,153 4,156 — — 97,153 4,156 Total $ 603,295 $ 15,887 $ — $ — $ 603,295 $ 15,887 December 31, 2020 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Losses Value Losses Value Losses Mortgage backed securities $ 278,162 $ 2,600 $ — $ — $ 278,162 $ 2,600 State, County, Municipal 6,541 36 — — 6,541 36 Total $ 284,703 $ 2,636 $ — $ — $ 284,703 $ 2,636 |
Non Purchased Loans (Tables)
Non Purchased Loans (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Period-End, Non-Accrual Loans, Segregated by Class | Period-end, non-accrual March 31, 2021 December 31, 2020 Real Estate: Land Development and Construction $ 192 $ 308 Farmland 275 287 1-4 1,836 1,809 Commercial Real Estate 3,791 5,600 Total Real Estate Loans 6,094 8,004 Business Loans: Commercial and Industrial Loans 476 413 Farm Production and Other Farm Loans 7 9 Total Business Loans 483 422 Consumer Loans: Other Consumer Loans 26 33 Total Consumer Loans 26 33 Total Nonaccrual Loans $ 6,603 $ 8,459 |
Aging Analysis of Past Due Loans, Segregated by Class | An age analysis of past due loans, segregated by class of loans, as of March 31, 2021, is as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ — $ — $ — $ 5,606 $ 5,606 $ — Farmland — — — 476 476 — 1-4 — 162 162 19,927 20,089 39 Commercial Real Estate — — — 23,273 23,273 — Total Real Estate Loans — 162 162 49,282 49,444 39 Business Loans: Commercial and Industrial Loans 48 — 48 6,128 6,176 — Farm Production and Other Farm Loans — — — 518 518 — Total Business Loans 48 — 48 6,646 6,694 — Consumer Loans: Other Consumer Loans 18 — 18 792 810 — Total Consumer Loans 18 — 18 792 810 — Total Loans $ 66 $ 162 $ 228 $ 56,720 $ 56,948 $ 39 An age analysis of past due loans, segregated by class of loans, as of December 31, 2020, is as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ 332 $ — $ 332 $ 5,821 $ 6,153 $ — Farmland — — — 520 520 — 1-4 401 — 401 22,905 23,306 — Commercial Real Estate — — — 24,237 24,237 — Total Real Estate Loans 733 — 733 53,483 54,216 — Business Loans: Commercial and Industrial Loans 849 — 849 7,022 7,871 — Farm Production and Other Farm Loans — — — 755 755 — Total Business Loans 849 — 849 7,777 8,626 — Consumer Loans: Other Consumer Loans 35 — 35 905 940 — Total Consumer Loans 35 — 35 905 940 — Total Loans $ 1,617 $ — $ 1,617 $ 62,165 $ 63,782 $ — |
Impaired Loans, Segregated by Class of Loans | Impaired loans as of March 31, 2021, segregated by class, were as follows: Unpaid Recorded Recorded Total Related Average Real Estate: Land Development and Construction $ 192 $ 192 $ — $ 192 $ — $ 250 Farmland 35 35 — 35 — 73 1-4 1,105 1,105 — 1,105 — 1,061 Commercial Real Estate 4,157 1,463 2,501 3,964 766 4,896 Total Real Estate Loans 5,489 2,795 2,501 5,296 766 $ 6,280 Business Loans: Commercial and Industrial Loans 304 — 304 304 108 $ 359 Total Business Loans 304 — 304 304 108 $ 359 Total Loans $ 5,793 $ 2,795 $ 2,805 $ 5,600 $ 874 $ 6,639 Impaired loans as of December 31, 2020, segregated by class, were as follows: Unpaid Recorded Recorded Total Related Average Real Estate: Land Development and Construction $ 308 $ 256 $ 52 $ 308 $ 13 $ 210 Farmland 111 111 — 111 — 182 1-4 1,016 1,012 4 1,016 1 928 Commercial Real Estate 6,021 3,323 2,504 5,827 768 7,808 Total Real Estate Loans 7,456 4,702 2,560 7,262 782 $ 9,127 Business Loans: Commercial and Industrial Loans 413 54 359 413 125 $ 279 Total Business Loans 413 54 359 413 125 $ 279 Total Loans $ 7,869 $ 4,756 $ 2,919 $ 7,675 $ 907 $ 9,405 |
Changes in Troubled Debt Restructurings | Changes in the Company’s troubled debt restructurings are set forth in the table below: Number Recorded Totals at January 1, 2020 3 $ 2,495 Reductions due to: Principal paydowns (382 ) Totals at December 31, 2020 3 $ 2,113 Reductions due to: Principal paydowns (39 ) Reclassification to OREO 2 (1,788 ) Total at March 31, 2021 1 $ 286 |
Financial assets non purchased loans [Member] | |
Financing Receivable, Allowance for Credit Loss [Line Items] | |
Composition of Net Loans | The composition of net loans at March 31, 2021 and December 31, 2020 was as follows: March 31, 2021 December 31, 2020 Real Estate: Land Development and Construction $ 50,209 $ 42,677 Farmland 14,154 15,616 1-4 91,915 94,280 Commercial Real Estate 302,306 306,875 Total Real Estate Loans 458,584 459,448 Business Loans: Commercial and Industrial Loans (1) 111,323 115,679 Farm Production and Other Farm Loans 491 541 Total Business Loans 111,814 116,220 Consumer Loans: Credit Cards 1,710 1,878 Other Consumer Loans 10,118 10,929 Total Consumer Loans 11,828 12,807 Total Gross Loans 582,226 588,475 Unearned Income (1 ) (1 ) Allowance for Loan Losses (4,772 ) (4,735 ) Loans, net $ 577,453 $ 583,739 (1) Includes PPP loans of $23,649 and $29,523 as of March 31, 2021 and December 31, 2020, respectively. |
Aging Analysis of Past Due Loans, Segregated by Class | An aging analysis of past due loans, segregated by class, as of March 31, 2021, was as follows: Loans 30-89 Days Loans Total Current Total Accruing Loans Real Estate: Land Development and Construction $ 13 $ — $ 13 $ 50,196 $ 50,209 $ — Farmland 60 75 135 14,019 14,154 — 1-4 1,083 89 1,172 90,743 91,915 — Commercial Real Estate 184 814 998 301,308 302,306 — Total Real Estate Loans 1,340 978 2,318 456,266 458,584 — Business Loans: Commercial and Industrial Loans 106 472 578 110,745 111,323 — Farm Production and Other Farm Loans 11 — 11 480 491 — Total Business Loans 117 472 589 111,225 111,814 — Consumer Loans: Credit Cards 19 10 29 1,681 1,710 10 Other Consumer Loans 40 — 40 10,078 10,118 — Total Consumer Loans 59 10 69 11,759 11,828 10 Total Loans $ 1,516 $ 1,460 $ 2,976 $ 579,250 $ 582,226 $ 10 An aging analysis of past due loans, segregated by class, as of December 31, 2020 was as follows: Loans 30-89 Days Loans Total Current Total Accruing Real Estate: Land Development and Construction $ 112 $ — $ 112 $ 42,565 $ 42,677 $ — Farmland 183 75 258 15,358 15,616 — 1-4 1,301 246 1,547 92,733 94,280 — Commercial Real Estate 1,407 700 2,107 304,768 306,875 — Total Real Estate Loans 3,003 1,021 4,024 455,424 459,448 — Business Loans: Commercial and Industrial Loans 97 405 502 115,177 115,679 5 Farm Production and Other Farm Loans 2 — 2 539 541 — Total Business Loans 99 405 504 115,716 116,220 5 Consumer Loans: Credit Cards 25 9 34 1,844 1,878 9 Other Consumer Loans 66 — 66 10,863 10,929 — Total Consumer Loans 91 9 100 12,707 12,807 9 Total Loans $ 3,193 $ 1,435 $ 4,628 $ 583,847 $ 588,475 $ 14 |
Detailed Amount of Gross Loans Segregated by Loan Grade and Class | The following table details the amount of gross loans, segregated by loan grade and class, as of March 31, 2021: Satisfactory Special Substandard Doubtful Loss Total Real Estate: Land Development and Construction $ 48,774 $ 785 $ 650 $ — $ — $ 50,209 Farmland 13,394 128 632 — — 14,154 1-4 82,707 3,451 5,757 — — 91,915 Commercial Real Estate 257,164 23,443 21,699 — — 302,306 Total Real Estate Loans 402,039 27,807 28,738 — — 458,584 Business Loans: Commercial and Industrial Loans 104,909 4,443 1,966 — 5 111,323 Farm Production and Other Farm Loans 466 — 18 — 7 491 Total Business Loans 105,375 4,443 1,984 — 12 111,814 Consumer Loans: Credit Cards 1,681 — 29 — — 1,710 Other Consumer Loans 9,997 63 39 19 — 10,118 Total Consumer Loans 11,678 63 68 19 — 11,828 Total Loans $ 519,092 $ 32,313 $ 30,790 $ 19 $ 12 $ 582,226 The following table details the amount of gross loans segregated by loan grade and class, as of December 31, 2020: Satisfactory Special Substandard Doubtful Loss Total Real Estate: Land Development and Construction $ 41,775 $ 120 $ 782 $ — $ — $ 42,677 Farmland 14,801 95 720 — — 15,616 1-4 85,203 3,210 5,867 — — 94,280 Commercial Real Estate 258,339 35,769 12,767 — — 306,875 Total Real Estate Loans 400,118 39,194 20,136 — — 459,448 Business Loans: Commercial and Industrial Loans 109,525 4,409 1,738 — 7 115,679 Farm Production and Other Farm Loans 512 — 20 — 9 541 Total Business Loans 110,037 4,409 1,758 — 16 116,220 Consumer Loans: Credit Cards 1,845 — 33 — — 1,878 Other Consumer Loans 10,820 43 41 25 — 10,929 Total Consumer Loans 12,665 43 74 25 — 12,807 Total Loans $ 522,820 $ 43,646 $ 21,968 $ 25 $ 16 $ 588,475 |
Purchased Loans (Tables)
Purchased Loans (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Purchased loans [line Items] | |
Summary of non accrual loans segregated by class | Period-end, non-accrual March 31, 2021 December 31, 2020 Real Estate: 1-4 $ 170 $ 73 Total Real Estate Loans 170 73 Business Loans: Commercial and Industrial Loans 16 18 Total Business Loans 16 18 Consumer Loans: Other Consumer Loans — 14 Total Consumer Loans — 14 Total Nonaccrual Loans $ 186 $ 105 |
Aging analysis of past due loans, segregated by class | An age analysis of past due loans, segregated by class of loans, as of March 31, 2021, is as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ — $ — $ — $ 5,606 $ 5,606 $ — Farmland — — — 476 476 — 1-4 — 162 162 19,927 20,089 39 Commercial Real Estate — — — 23,273 23,273 — Total Real Estate Loans — 162 162 49,282 49,444 39 Business Loans: Commercial and Industrial Loans 48 — 48 6,128 6,176 — Farm Production and Other Farm Loans — — — 518 518 — Total Business Loans 48 — 48 6,646 6,694 — Consumer Loans: Other Consumer Loans 18 — 18 792 810 — Total Consumer Loans 18 — 18 792 810 — Total Loans $ 66 $ 162 $ 228 $ 56,720 $ 56,948 $ 39 An age analysis of past due loans, segregated by class of loans, as of December 31, 2020, is as follows: Loans 30-89 Days Loans Total Past Current Total Accruing Real Estate: Land Development and Construction $ 332 $ — $ 332 $ 5,821 $ 6,153 $ — Farmland — — — 520 520 — 1-4 401 — 401 22,905 23,306 — Commercial Real Estate — — — 24,237 24,237 — Total Real Estate Loans 733 — 733 53,483 54,216 — Business Loans: Commercial and Industrial Loans 849 — 849 7,022 7,871 — Farm Production and Other Farm Loans — — — 755 755 — Total Business Loans 849 — 849 7,777 8,626 — Consumer Loans: Other Consumer Loans 35 — 35 905 940 — Total Consumer Loans 35 — 35 905 940 — Total Loans $ 1,617 $ — $ 1,617 $ 62,165 $ 63,782 $ — |
Loans purchased in business combinations | Loans purchased in business combinations that exhibited, at the date of acquisition, evidence of deterioration of the credit quality since origination, such that it was probable that all contractually required payments would not be collected, were as follows: March 31, 2021 December 31, 2020 Real Estate: Land Development and Construction $ 6 $ 8 1-4 — 25 Total Real Estate Loans 6 33 Business Loans: Commercial and Industrial Loans 307 305 Total Business Loans 307 305 Total Purchased Credit Deteriorated Loans $ 313 $ 338 |
Schedule of loans purchased with deteriorated credit quality | The following table presents the fair value of loans determined to be impaired at the time of acquisition: Total Purchased Credit Contractually-required principal $ 993 Nonaccretable difference (68 ) Cash flows expected to be collected 925 Accretable yield (36 ) Fair Value $ 889 The following table presents the fair value of loans purchased from Charter as of the October 1, 2019 acquisition date: October 1, 2019 At acquisition date: Contractually-required principal $ 104,127 Nonaccretable difference (68 ) Cash flows expected to be collected 104,059 Accretable yield (394 ) Fair Value $ 103,665 |
Financial asset acquired with credit deterioration [Member] | |
Purchased loans [line Items] | |
Composition of net loans | The following is a summary of purchased loans: March 31, 2021 December 31, 2020 Real Estate: Land Development and Construction $ 5,606 $ 6,153 Farmland 476 520 1-4 20,089 23,306 Commercial Real Estate 23,273 24,237 Total Real Estate Loans 49,444 54,216 Business Loans: Commercial and Industrial Loans 6,176 7,871 Farm Production and Other Farm Loans 518 755 Total Business Loans 6,694 8,626 Consumer Loans: Other Consumer Loans 810 940 Total Consumer Loans 810 940 Total Purchased Loans $ 56,948 $ 63,782 |
Detailed amount of gross loans segregated by loan grade and class | The following table details the amount of gross loans by loan grade, which are consistent with the Company’s loan grades, and class as of March 31, 2021: Satisfactory Special Substandard Doubtful Loss Total Real Estate: Land Development and Construction $ 4,832 $ 754 $ 20 $ — $ — $ 5,606 Farmland 315 161 — — — 476 1-4 17,532 1,870 687 — — 20,089 Commercial Real Estate 21,704 1,286 283 — — 23,273 Total Real Estate Loans 44,383 4,071 990 — — 49,444 Business Loans: Commercial and Industrial Loans 5,612 441 123 — — 6,176 Farm Production and Other Farm Loans 518 — — — — 518 Total Business Loans 6,130 441 123 — — 6,694 Consumer Loans: Other Consumer Loans 741 23 45 — 1 810 Total Consumer Loans 741 23 45 — 1 810 Total Loans $ 51,254 $ 4,535 $ 1,158 $ — $ 1 $ 56,948 The following table details the amount of gross loans by loan grade, which are consistent with the Company’s loan grades, and class as of December 31, 2020: Satisfactory Special Substandard Doubtful Loss Total Real Estate: Land Development and Construction $ 5,364 $ 766 $ 23 $ — $ — $ 6,153 Farmland 357 163 — — — 520 1-4 21,116 1,655 535 — — 23,306 Commercial Real Estate 22,469 1,484 284 — — 24,237 Total Real Estate Loans 49,306 4,068 842 — — 54,216 Business Loans: Commercial and Industrial Loans 7,121 397 353 — — 7,871 Farm Production and Other Farm Loans 755 — — — — 755 Total Business Loans 7,876 397 353 — — 8,626 Consumer Loans: Other Consumer Loans 862 29 35 — 14 940 Total Consumer Loans 862 29 35 — 14 940 Total Loans $ 58,044 $ 4,494 $ 1,230 $ — $ 14 $ 63,782 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent [Abstract] | |
Allowance for Loan Losses by Portfolio Segment | The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2021: March 31, 2021 Real Business Consumer Total Beginning Balance, January 1, 2021 $ 3,885 $ 611 $ 239 $ 4,735 Provision for loan losses 33 22 32 87 Chargeoffs 31 31 35 97 Recoveries 36 3 8 47 Net (recoveries) chargeoffs (5 ) 28 27 50 Ending Balance $ 3,923 $ 605 $ 244 $ 4,772 Period end allowance allocated to: Loans individually evaluated for impairment $ 766 $ 108 $ — $ 874 Loans collectively evaluated for impairment 3,157 497 244 3,898 Ending Balance, March 31, 2021 $ 3,923 $ 605 $ 244 $ 4,772 The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2020: March 31, 2020 Real Business Consumer Total Beginning Balance, January 1, 2020 $ 3,075 $ 371 $ 309 $ 3,755 Provision for loan losses 184 3 127 314 Chargeoffs 222 23 55 300 Recoveries 14 24 9 47 Net (recoveries) chargeoffs 208 (1 ) 46 253 Ending Balance $ 3,051 $ 375 $ 390 $ 3,816 Period end allowance allocated to: Loans individually evaluated for impairment $ 582 $ 95 $ — $ 677 Loans collectively evaluated for impairment 2,469 280 390 3,139 Ending Balance, March 31, 2020 $ 3,051 $ 375 $ 390 $ 3,816 |
Recorded Investment in Loans Related to Balance in Allowance for Possible Loan Losses by Portfolio Segment | The Company’s recorded investment in loans as of March 31, 2021 and December 31, 2020 related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of the Company’s impairment methodology was as follows: March 31, 2021 Real Business Consumer Total Loans individually evaluated for specific impairment $ 5,296 $ 304 $ — $ 5,600 Loans collectively evaluated for general impairment 502,726 117,897 12,638 633,261 Acquired with deteriorated credit quality 6 307 — 313 $ 508,028 $ 118,508 $ 12,638 $ 639,174 December 31, 2020 Real Business Consumer Total Loans individually evaluated for specific impairment $ 7,262 $ 413 $ — $ 7,675 Loans collectively evaluated for general impairment 506,368 124,128 13,748 644,244 Acquired with deteriorated credit quality 33 305 — 338 $ 513,663 $ 124,846 $ 13,748 $ 652,257 |
Premises and Equipment (Tables)
Premises and Equipment (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Leases [Abstract] | |
Summary Of Lease Costs | Lease costs were as follows: (in thousands) Three Months Ended Three Months Ended Operating lease cost $ 117 $ 92 Short-term lease cost 6 6 Variable lease cost — — $ 123 $ 98 |
Maturity Analysis Of Operating Lease Liabilities | A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (in thousands) Three Months Ended Lease payments due: Within one year $ 2,218 After one year but within two years 121 After two years but within three years 63 After three year but within four years 64 After four years but within five years 65 After five years 123 Total undiscounted cash flows 2,654 Discount on cash flows (24 ) Total lease liability $ 2,630 |
Other Intangible Assets (Tables
Other Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |
Reconciliation of intangibale assets | The following table provides a summary of finite-lived intangible assets as of the dates presented: March 31, 2021 December 31, 2020 Core deposit intangible $ 630 $ 739 Accumulated amortization (27 ) (109 ) Total finite-lived intangible assets $ 603 $ 630 |
Summary of finite lived intangible assets future amortization expense | The estimated amortization expense of finite-lived intangible assets for the five succeeding fiscal years is summarized as follows: Year ending December 31, Amount 2021 $ 82 2022 109 2023 109 2024 109 2025 109 Thereafter 85 $ 603 |
Shareholders' Equity (Tables)
Shareholders' Equity (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Equity [Abstract] | |
Summary of Capital Structure Activity [Table Text Block] | The following summarizes the activity in the capital structure of the Company: Number of Common Additional Paid-In Accumulated Retained Total Balance, January 1, 2021 5,587,070 $ 1,118 $ 18,134 $ 4,138 $ 96,158 $ 119,548 Net income — — — — 1,897 1,897 Dividends paid ($0.24 per share) — — — — (1,341 ) (1,341 ) Options exercised — — — — — — Restricted stock granted — — — — — — Stock compensation expense — — 42 — — 42 Other comprehensive loss, net — — — (13,666 ) — (13,666 ) Balance, March 31, 2021 5,587,070 $ 1,118 $ 18,176 $ (9,528) $ 96,714 $ 106,480 Number of Common Additional Paid-In Accumulated Retained Total Balance, January 1, 2020 5,578,131 $ 1,116 $ 17,883 $ (789) $ 94,590 $ 112,800 Net income — — — — 1,160 1,160 Dividends paid ($0.24 per share) — — — — (1,339 ) (1,339 ) Options exercised 4,500 1 86 — — 87 Restricted stock granted — — — — — — Stock compensation expense — — 40 — — 40 Other comprehensive income, net — — — 5,996 — 5,996 Balance, March 31, 2020 5,582,631 $ 1,117 $ 18,009 $ 5,207 $ 94,411 $ 118,744 |
Fair Value of Financial Instr_2
Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2021: Quoted Prices Significant Significant (Level 1) (Level 2) (Level 3) Totals Securities available for sale Obligations of U.S. Government Agencies $ — $ 11,235 $ — $ 11,235 Mortgage-backed securities — 598,816 — 598,816 State, county and municipal — 163,698 — 163,698 Other securities — 500 — 500 Total $ — $ 774,249 $ — $ 774,249 The following table presents assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2020: Quoted Prices Significant Significant (Level 1) (Level 2) (Level 3) Totals Securities available for sale Obligations of U.S. Government Agencies $ — $ 12,061 $ — $ 12,061 Mortgage-backed securities — 561,983 — 561,983 State, county and municipal — 104,197 — 104,197 Other securities — 508 — 508 Total $ — $ 678,749 $ — $ 678,749 |
Asset Measured at Fair Value on Nonrecurring Basis | For assets measured at fair value on a nonrecurring basis during 2021 that were still held on the Company’s balance sheet at March 31, 2021, the following table provides the hierarchy level and the fair value of the related assets: Quoted Prices Significant Significant (Level 1) (Level 2) (Level 3) Totals Impaired loans $ — $ — $ 109 $ 109 Other real estate owned — — 42 42 Total $ — $ — $ 151 $ 151 For assets measured at fair value on a nonrecurring basis during 2020 that were still held on the Company’s balance sheet at December 31, 2020, the following table provides the hierarchy level and the fair value of the related assets: Quoted Prices Significant Significant (Level 1) (Level 2) (Level 3) Totals Impaired loans $ — $ — $ 2,013 $ 2,013 Total $ — $ — $ 2,013 $ 2,013 |
Carrying Value and Estimated Fair Value of Financial Instruments | The following represents the carrying value and estimated fair value of the Company’s financial instruments at March 31, 2021: March 31, 2021 Carrying Quoted Prices Significant Significant Total (Level 1) (Level 2) (Level 3) Financial assets Cash and due from banks $ 26,667 $ 26,667 $ — $ — $ 26,667 Interest bearing deposits with banks 25,009 25,009 — — 25,009 Securities available-for-sale 774,249 — 774,249 — 774,249 Net loans 634,401 — — 628,207 628,207 Financial liabilities Deposits $ 1,229,621 $ 972,079 $ 258,733 $ — $ 1,230,812 Securities sold under agreement to repurchase 197,709 197,709 — — 197,709 The following represents the carrying value and estimated fair value of the Company’s financial instruments at December 31, 2020: December 31, 2020 Carrying Quoted Prices Significant Significant Total (Level 1) (Level 2) (Level 3) Financial assets Cash and due from banks $ 16,840 $ 16,840 $ — $ — $ 16,840 Interest bearing deposits with banks 25,468 25,468 — — 25,468 Securities available-for-sale 678,749 — 678,749 — 678,749 Net loans 647,521 — — 638,362 638,362 Financial liabilities Deposits $ 1,095,189 $ 861,552 $ 234,909 $ — $ 1,096,461 Securities sold under agreement to repurchase 196,272 196,272 — — 196,272 Federal Home Loan Bank advances 25,000 25,000 — — 25,000 |
Fair Value, Measurements, Nonrecurring [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Significant Unobservable Inputs (Level 3) Used in Valuation of Assets and Liabilities Measured at Fair Value | The following table presents information as of March 31, 2021 about significant unobservable inputs (Level 3) used in the valuation of assets and liabilities measured at fair value on a nonrecurring basis: Financial instrument Fair Value Valuation Technique Significant Unobservable Inputs Range of Impaired loans $ 109 Appraised value of collateral less estimated costs to sell Estimated costs to sell 25 % OREO 42 Appraised value of collateral less estimated costs to sell Estimated costs to sell 25 % |
Nature of Business and Summar_3
Nature of Business and Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands | 3 Months Ended |
Mar. 31, 2021USD ($) | |
Summary Of Significant Accounting Policies [Line Items] | |
Legislative package under CARES | $ 4,800,000,000 |
SBA PPP Loans [Member] | |
Summary Of Significant Accounting Policies [Line Items] | |
Debt instrument interest rate | 1.00% |
Debt instrument face amount | $ 23,649 |
Debt Instrument, Repurchase Amount | $ 284,000 |
Ppp Loans [Member] | Debt Instruments Originated Before June Fifth Two Thousand And Twenty [Member] | |
Summary Of Significant Accounting Policies [Line Items] | |
Debt instrument term | 2 years |
Ppp Loans [Member] | Debt Instruments Originated After June Fifth Two Thousand And Twenty [Member] | |
Summary Of Significant Accounting Policies [Line Items] | |
Debt instrument term | 5 years |
Commitments and Contingent Li_2
Commitments and Contingent Liabilities - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Commitments and Contingencies Disclosure [Abstract] | ||
Loan commitments | $ 151,662 | $ 138,185 |
Letters of credit outstanding | $ 4,437 | $ 4,565 |
Net Income per Share - Earnings
Net Income per Share - Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Earnings Per Share [Abstract] | ||
Basic weighted average shares outstanding | 5,578,820 | 5,579,381 |
Dilutive effect of granted options | 994 | 2,030 |
Diluted weighted average shares outstanding | 5,579,814 | 5,581,411 |
Net income | $ 1,897 | $ 1,160 |
Net income per share-basic | $ 0.34 | $ 0.21 |
Net income per share-diluted | $ 0.34 | $ 0.21 |
Equity Compensation Plans -Summ
Equity Compensation Plans -Summary of Stock Option Activity (Detail) - $ / shares | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Number of Options | ||
Exercised | (4,500) | |
2013 Plan [Member] | ||
Number of Options | ||
Beginning Balance | 0 | |
Granted | 0 | |
Exercised | 0 | |
Expired | 0 | |
Ending Balance | 0 | |
Weighted Average Exercise Price | ||
Beginning Balance | $ 0 | |
Granted | 0 | |
Exercised | 0 | |
Expired | 0 | |
Ending Balance | $ 0 | |
Directors Stock Option Plan [Member] | ||
Number of Options | ||
Beginning Balance | 19,500,000 | |
Granted | 0 | |
Exercised | 0 | |
Expired | 0 | |
Ending Balance | 19,500,000 | |
Weighted Average Exercise Price | ||
Beginning Balance | $ 19.42 | |
Granted | 0 | |
Exercised | 0 | |
Expired | 0 | |
Ending Balance | $ 19.42 |
Equity Compensation Plans - Add
Equity Compensation Plans - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2021USD ($)shares | |
Restricted Stock [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Restricted stock restriction period | 1 year |
Restricted stock grants | shares | 8,250,000 |
Restricted stock grant date fair value | $ 169,000 |
Directors Stock Option Plan [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Intrinsic value of options outstanding | 9,000 |
2013 Plan [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Intrinsic value of options outstanding | $ 0 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Operating Loss Carryforwards [Line Items] | ||
Provision for income taxes | $ 413 | $ 225 |
Effective tax rate | 17.88% | 16.50% |
Securities - Additional Informa
Securities - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale [Line Items] | ||
Securities at carrying value | $ 570,204 | $ 558,955 |
Securities - Amortized Cost and
Securities - Amortized Cost and Estimated Fair Value of Securities Available-for-Sale (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 786,945 | $ 673,226 |
Gross Unrealized Gains | 3,191 | 8,159 |
Gross Unrealized Losses | 15,887 | 2,636 |
Estimated Fair Value | 774,249 | 678,749 |
Obligations of U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 11,318 | 11,870 |
Gross Unrealized Gains | 180 | 191 |
Gross Unrealized Losses | 263 | |
Estimated Fair Value | 11,235 | 12,061 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 609,285 | 560,033 |
Gross Unrealized Gains | 999 | 4,550 |
Gross Unrealized Losses | 11,468 | 2,600 |
Estimated Fair Value | 598,816 | 561,983 |
State, County and Municipal [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 165,842 | 100,823 |
Gross Unrealized Gains | 2,012 | 3,410 |
Gross Unrealized Losses | 4,156 | 36 |
Estimated Fair Value | 163,698 | 104,197 |
Other Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 500 | 500 |
Gross Unrealized Gains | 8 | |
Estimated Fair Value | $ 500 | $ 508 |
Securities - Amortized Cost a_2
Securities - Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Available-for-sale, Amortized Cost | ||
Due in one year or less | $ 0 | |
Due after one year through five years | 9,940 | $ 3,594 |
Due after five years through ten years | 13,370 | 20,538 |
Due after ten years | 154,350 | 89,061 |
Total Amortized Cost | 786,945 | 673,226 |
Available-for-sale, Estimated Fair Value | ||
Due in one year or less | 0 | |
Due after one year through five years | 10,206 | 3,701 |
Due after five years through ten years | 13,934 | 21,446 |
Due after ten years | 151,293 | 91,619 |
Total Fair Value | 774,249 | 678,749 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale, Amortized Cost | ||
Total Amortized Cost | 591,951 | 536,215 |
Available-for-sale, Estimated Fair Value | ||
Total Fair Value | 581,017 | 537,027 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale, Amortized Cost | ||
Total Amortized Cost | 17,334 | 23,818 |
Available-for-sale, Estimated Fair Value | ||
Total Fair Value | $ 17,799 | $ 24,956 |
Securities - Summary of Unreali
Securities - Summary of Unrealized Loss Information for Available-for-Sale Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | $ 603,295 | $ 284,703 |
Less than 12 months Unrealized Losses | 15,887 | 2,636 |
12 months or more Fair Value | 0 | |
12 months or more Unrealized Losses | 0 | |
Total Fair Value | 603,295 | 284,703 |
Total Unrealized Losses | 15,887 | 2,636 |
Obligations of U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 4,705 | |
Less than 12 months Unrealized Losses | 263 | |
12 months or more Fair Value | 0 | |
12 months or more Unrealized Losses | 0 | |
Total Fair Value | 4,705 | |
Total Unrealized Losses | 263 | |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 501,437 | 278,162 |
Less than 12 months Unrealized Losses | 11,468 | 2,600 |
12 months or more Fair Value | 0 | |
12 months or more Unrealized Losses | 0 | |
Total Fair Value | 501,437 | 278,162 |
Total Unrealized Losses | 11,468 | 2,600 |
State, County and Municipal [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 97,153 | 6,541 |
Less than 12 months Unrealized Losses | 4,156 | 36 |
12 months or more Fair Value | 0 | |
12 months or more Unrealized Losses | 0 | |
Total Fair Value | 97,153 | 6,541 |
Total Unrealized Losses | $ 4,156 | $ 36 |
Non Purchased Loans - Additiona
Non Purchased Loans - Additional Information (Detail) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Minimum loan limit considered for impairment evaluation by management | $ 100,000 | |
Restructured Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses | $ 0 | $ 0 |
Non Purchased Loans - Compositi
Non Purchased Loans - Composition of Net Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | $ (4,772) | $ (4,735) | $ (3,816) | $ (3,755) |
Commercial Real Estate Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | (3,923) | (3,885) | (3,051) | (3,075) |
Real Estate Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | (605) | (611) | (375) | (371) |
Consumer Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | (244) | (239) | $ (390) | $ (309) |
Financial assets non purchased loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Gross Loans | 582,226 | 588,475 | ||
Unearned Income | (1) | (1) | ||
Allowance for Loan Losses | (4,772) | (4,735) | ||
Loans, net | 577,453 | 583,739 | ||
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 458,584 | 459,448 | ||
Total Gross Loans | 458,584 | 459,448 | ||
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 50,209 | 42,677 | ||
Total Gross Loans | 50,209 | 42,677 | ||
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 14,154 | 15,616 | ||
Total Gross Loans | 14,154 | 15,616 | ||
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 91,915 | 94,280 | ||
Total Gross Loans | 91,915 | 94,280 | ||
Financial assets non purchased loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 302,306 | 306,875 | ||
Total Gross Loans | 302,306 | 306,875 | ||
Financial assets non purchased loans [Member] | Real Estate Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Business loans | 111,814 | 116,220 | ||
Total Gross Loans | 111,814 | 116,220 | ||
Financial assets non purchased loans [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Business loans | 111,323 | 115,679 | ||
Total Gross Loans | 111,323 | 115,679 | ||
Financial assets non purchased loans [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Business loans | 491 | 541 | ||
Total Gross Loans | 491 | 541 | ||
Financial assets non purchased loans [Member] | Consumer Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Gross Loans | 11,828 | 12,807 | ||
Financial assets non purchased loans [Member] | Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Gross Loans | 1,710 | 1,878 | ||
Financial assets non purchased loans [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Gross Loans | $ 10,118 | $ 10,929 |
Non Purchased Loans - Composi_2
Non Purchased Loans - Composition of Net Loans (Parenthetical) (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Paycheck Protection Program Loans [Member] | Real Estate Loan [Member] | Financial assets non purchased loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Business loans | $ 23,649 | $ 29,523 |
Non Purchased Loans - Period-En
Non Purchased Loans - Period-End Non-Accrual Loans, Segregated by Class (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | $ 6,603 | $ 8,459 |
1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 0 | 25 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 6,094 | 8,004 |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 192 | 308 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 275 | 287 |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 1,836 | 1,809 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 3,791 | 5,600 |
Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 483 | 422 |
Real Estate Loans [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 7 | 9 |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 476 | 413 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | 26 | 33 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Non-accrual Loans | $ 26 | $ 33 |
Non Purchased Loans - Aging Ana
Non Purchased Loans - Aging Analysis of Past Due Loans, Segregated by Class (Detail) - Financial assets non purchased loans [Member] - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | $ 1,516 | $ 3,193 |
Total Past Due Loans | 2,976 | 4,628 |
Current Loans | 579,250 | 583,847 |
Total Gross Loans | 582,226 | 588,475 |
Accruing Loans 90 or more Days Past Due | 10 | 14 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 1,340 | 3,003 |
Total Past Due Loans | 2,318 | 4,024 |
Current Loans | 456,266 | 455,424 |
Total Gross Loans | 458,584 | 459,448 |
Accruing Loans 90 or more Days Past Due | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 13 | 112 |
Total Past Due Loans | 13 | 112 |
Current Loans | 50,196 | 42,565 |
Total Gross Loans | 50,209 | 42,677 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 60 | 183 |
Total Past Due Loans | 135 | 258 |
Current Loans | 14,019 | 15,358 |
Total Gross Loans | 14,154 | 15,616 |
Accruing Loans 90 or more Days Past Due | 0 | |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 1,083 | 1,301 |
Total Past Due Loans | 1,172 | 1,547 |
Current Loans | 90,743 | 92,733 |
Total Gross Loans | 91,915 | 94,280 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 184 | 1,407 |
Total Past Due Loans | 998 | 2,107 |
Current Loans | 301,308 | 304,768 |
Total Gross Loans | 302,306 | 306,875 |
Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 117 | 99 |
Total Past Due Loans | 589 | 504 |
Current Loans | 111,225 | 115,716 |
Total Gross Loans | 111,814 | 116,220 |
Accruing Loans 90 or more Days Past Due | 0 | 5 |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 106 | 97 |
Total Past Due Loans | 578 | 502 |
Current Loans | 110,745 | 115,177 |
Total Gross Loans | 111,323 | 115,679 |
Accruing Loans 90 or more Days Past Due | 0 | 5 |
Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 11 | 2 |
Total Past Due Loans | 11 | 2 |
Current Loans | 480 | 539 |
Total Gross Loans | 491 | 541 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 59 | 91 |
Total Past Due Loans | 69 | 100 |
Current Loans | 11,759 | 12,707 |
Total Gross Loans | 11,828 | 12,807 |
Accruing Loans 90 or more Days Past Due | 10 | 9 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 19 | 25 |
Total Past Due Loans | 29 | 34 |
Current Loans | 1,681 | 1,844 |
Total Gross Loans | 1,710 | 1,878 |
Accruing Loans 90 or more Days Past Due | 10 | 9 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 40 | 66 |
Total Past Due Loans | 40 | 66 |
Current Loans | 10,078 | 10,863 |
Total Gross Loans | 10,118 | 10,929 |
Loans 90 or more Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 1,460 | 1,435 |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 978 | 1,021 |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 75 | |
Total Past Due Loans | 75 | |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 89 | 246 |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 814 | 700 |
Loans 90 or more Days Past Due [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 472 | 405 |
Loans 90 or more Days Past Due [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 472 | 405 |
Loans 90 or more Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 10 | 9 |
Loans 90 or more Days Past Due [Member] | Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | $ 10 | $ 9 |
Non Purchased Loans - Impaired
Non Purchased Loans - Impaired Loans, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Dec. 31, 2020 | |
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | $ 5,793 | $ 7,869 |
Recorded Investment With No Allowance | 2,795 | 4,756 |
Recorded Investment With Allowance | 2,805 | 2,919 |
Total Recorded Investment | 5,600 | 7,675 |
Related Allowance | 874 | 907 |
Average Recorded Investment | 6,639 | 9,405 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 5,489 | 7,456 |
Recorded Investment With No Allowance | 2,795 | 4,702 |
Recorded Investment With Allowance | 2,501 | 2,560 |
Total Recorded Investment | 5,296 | 7,262 |
Related Allowance | 766 | 782 |
Average Recorded Investment | 6,280 | 9,127 |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 192 | 308 |
Recorded Investment With No Allowance | 192 | 256 |
Recorded Investment With Allowance | 52 | |
Total Recorded Investment | 192 | 308 |
Related Allowance | 13 | |
Average Recorded Investment | 250 | 210 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 35 | 111 |
Recorded Investment With No Allowance | 35 | 111 |
Total Recorded Investment | 35 | 111 |
Average Recorded Investment | 73 | 182 |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 1,105 | 1,016 |
Recorded Investment With No Allowance | 1,105 | 1,012 |
Recorded Investment With Allowance | 4 | |
Total Recorded Investment | 1,105 | 1,016 |
Related Allowance | 1 | |
Average Recorded Investment | 1,061 | 928 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 4,157 | 6,021 |
Recorded Investment With No Allowance | 1,463 | 3,323 |
Recorded Investment With Allowance | 2,501 | 2,504 |
Total Recorded Investment | 3,964 | 5,827 |
Related Allowance | 766 | 768 |
Average Recorded Investment | 4,896 | 7,808 |
Commercial Real Estate Portfolio Segment [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment With No Allowance | 54 | |
Real Estate Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 304 | 413 |
Recorded Investment With No Allowance | 54 | |
Recorded Investment With Allowance | 304 | 359 |
Total Recorded Investment | 304 | 413 |
Related Allowance | 108 | 125 |
Average Recorded Investment | 359 | 279 |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Unpaid Principal Balance | 304 | 413 |
Recorded Investment With Allowance | 304 | 359 |
Total Recorded Investment | 304 | 413 |
Related Allowance | 108 | 125 |
Average Recorded Investment | $ 359 | $ 279 |
Non Purchased Loans - Changes i
Non Purchased Loans - Changes in Troubled Debt Restructurings (Detail) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021USD ($)Loan | Dec. 31, 2020USD ($)Loan | |
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Loan | 1 | 3 |
Principal paydowns, Recorded Investment | $ (39) | $ (382) |
Additional loans with concessions, Recorded Investment | 2,113 | |
Post-Modification Outstanding Recorded Investment | $ 286 | $ 2,495 |
OREO [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Loan | 2 | |
Debt Restructuring Reclassifications | $ (1,788) |
Non Purchased Loans - Detailed
Non Purchased Loans - Detailed Amount of Gross Loans Segregated by Loan Grade and Class (Detail) - Financial assets non purchased loans [Member] - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | $ 582,226 | $ 588,475 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 458,584 | 459,448 |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 50,209 | 42,677 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 14,154 | 15,616 |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 91,915 | 94,280 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 302,306 | 306,875 |
Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 111,814 | 116,220 |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 111,323 | 115,679 |
Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 491 | 541 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 11,828 | 12,807 |
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,710 | 1,878 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 10,118 | 10,929 |
Satisfactory 1, 2, 3, 4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 519,092 | 522,820 |
Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 402,039 | 400,118 |
Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 48,774 | 41,775 |
Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 13,394 | 14,801 |
Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 82,707 | 85,203 |
Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 257,164 | 258,339 |
Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 105,375 | 110,037 |
Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 104,909 | 109,525 |
Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 466 | 512 |
Satisfactory 1, 2, 3, 4 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 11,678 | 12,665 |
Satisfactory 1, 2, 3, 4 [Member] | Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,681 | 1,845 |
Satisfactory 1, 2, 3, 4 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 9,997 | 10,820 |
Special Mention 5,6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 32,313 | 43,646 |
Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 27,807 | 39,194 |
Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 785 | 120 |
Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 128 | 95 |
Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 3,451 | 3,210 |
Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 23,443 | 35,769 |
Special Mention 5,6 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 4,443 | 4,409 |
Special Mention 5,6 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 4,443 | 4,409 |
Special Mention 5,6 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 63 | 43 |
Special Mention 5,6 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 63 | 43 |
Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 30,790 | 21,968 |
Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 28,738 | 20,136 |
Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 650 | 782 |
Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 632 | 720 |
Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 5,757 | 5,867 |
Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 21,699 | 12,767 |
Substandard 7 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,984 | 1,758 |
Substandard 7 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,966 | 1,738 |
Substandard 7 [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 18 | 20 |
Substandard 7 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 68 | 74 |
Substandard 7 [Member] | Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 29 | 33 |
Substandard 7 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 39 | 41 |
Doubtful 8 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 19 | 25 |
Doubtful 8 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 19 | 25 |
Doubtful 8 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 19 | 25 |
Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 12 | 16 |
Loss [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 5 | 7 |
Loss [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 12 | 16 |
Loss [Member] | Consumer Portfolio Segment [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | $ 7 | $ 9 |
Purchased Loans - Additional In
Purchased Loans - Additional Information (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Purchased loans [line Items] | ||
Financing receivable, recorded investment | $ 6,603 | $ 8,459 |
1-4 Family Mortgages [Member] | ||
Purchased loans [line Items] | ||
Financing receivable, recorded investment | $ 0 | $ 25 |
Purchased Loans - Composition o
Purchased Loans - Composition of Net Loans (Detail) - Financial Asset Acquired with Credit Deterioration [Member] - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total gross loans | $ 56,948 | $ 63,782 |
Loans, net | 56,948 | 63,782 |
Commercial Real Estate Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 49,444 | 54,216 |
Total gross loans | 49,444 | 54,216 |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 5,606 | 6,153 |
Total gross loans | 5,606 | 6,153 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 476 | 520 |
Total gross loans | 476 | 520 |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 20,089 | 23,306 |
Total gross loans | 20,089 | 23,306 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans | 23,273 | 24,237 |
Total gross loans | 23,273 | 24,237 |
Real Estate Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Business loans | 6,694 | 8,626 |
Total gross loans | 6,694 | 8,626 |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Business loans | 6,176 | 7,871 |
Total gross loans | 6,176 | 7,871 |
Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Business loans | 518 | 755 |
Total gross loans | 518 | 755 |
Consumer Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total gross loans | 810 | 940 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total gross loans | $ 810 | $ 940 |
Purchased Loans - Summary of No
Purchased Loans - Summary of Non Accrual Loans Segregated by Class (Detail) - Financial Asset Acquired with Credit Deterioration [Member] - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Schedule Of Non Accrual Loans [Line Items] | ||
Non Accrual Loans | $ 186 | $ 105 |
Commercial Real Estate Portfolio Segment [Member] | ||
Schedule Of Non Accrual Loans [Line Items] | ||
Non Accrual Loans | 170 | 73 |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Schedule Of Non Accrual Loans [Line Items] | ||
Non Accrual Loans | 170 | 73 |
Commercial Portfolio Segment [Member] | ||
Schedule Of Non Accrual Loans [Line Items] | ||
Non Accrual Loans | 16 | 18 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Loans [Member] | ||
Schedule Of Non Accrual Loans [Line Items] | ||
Non Accrual Loans | 16 | 18 |
Consumer Portfolio Segment [Member] | ||
Schedule Of Non Accrual Loans [Line Items] | ||
Non Accrual Loans | 0 | 14 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Schedule Of Non Accrual Loans [Line Items] | ||
Non Accrual Loans | $ 0 | $ 14 |
Purchased Loans - Aging Analysi
Purchased Loans - Aging Analysis of Past Due Loans, Segregated by Class (Detail) - Financial Asset Acquired with Credit Deterioration [Member] - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | $ 66 | $ 1,617 |
Total Past Due Loans | 228 | 1,617 |
Current Loans | 56,720 | 62,165 |
Total Gross Loans | 56,948 | 63,782 |
Accruing Loans 90 or more Days Past Due | 39 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 733 | |
Total Past Due Loans | 162 | 733 |
Current Loans | 49,282 | 53,483 |
Total Gross Loans | 49,444 | 54,216 |
Accruing Loans 90 or more Days Past Due | 39 | |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 332 | |
Total Past Due Loans | 332 | |
Current Loans | 5,606 | 5,821 |
Total Gross Loans | 5,606 | 6,153 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 476 | 520 |
Total Gross Loans | 476 | 520 |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 401 | |
Total Past Due Loans | 162 | 401 |
Current Loans | 19,927 | 22,905 |
Total Gross Loans | 20,089 | 23,306 |
Accruing Loans 90 or more Days Past Due | 39 | |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 0 | |
Total Past Due Loans | 0 | |
Current Loans | 23,273 | 24,237 |
Total Gross Loans | 23,273 | 24,237 |
Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 48 | 849 |
Total Past Due Loans | 48 | 849 |
Current Loans | 6,646 | 7,777 |
Total Gross Loans | 6,694 | 8,626 |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 48 | 849 |
Total Past Due Loans | 48 | 849 |
Current Loans | 6,128 | 7,022 |
Total Gross Loans | 6,176 | 7,871 |
Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current Loans | 518 | 755 |
Total Gross Loans | 518 | 755 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 18 | 35 |
Total Past Due Loans | 18 | 35 |
Current Loans | 792 | 905 |
Total Gross Loans | 810 | 940 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans 30-89 Days Past Due | 18 | 35 |
Total Past Due Loans | 18 | 35 |
Current Loans | 792 | 905 |
Total Gross Loans | 810 | 940 |
Loans 90 or more Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 162 | 0 |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 162 | |
Loans 90 or more Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | $ 162 | |
Loans 90 or more Days Past Due [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 0 | |
Loans 90 or more Days Past Due [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 0 | |
Loans 90 or more Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | 0 | |
Loans 90 or more Days Past Due [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due Loans | $ 0 |
Purchased Loans - Detailed Amou
Purchased Loans - Detailed Amount of Gross Loans Segregated by Loan Grade and Class (Detail) - Financial Asset Acquired with Credit Deterioration [Member] - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | $ 56,948 | $ 63,782 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 49,444 | 54,216 |
Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 5,606 | 6,153 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 476 | 520 |
Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 20,089 | 23,306 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 23,273 | 24,237 |
Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 6,694 | 8,626 |
Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 6,176 | 7,871 |
Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 518 | 755 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 810 | 940 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 810 | 940 |
Satisfactory 1, 2, 3, 4 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 51,254 | 58,044 |
Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 44,383 | 49,306 |
Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 4,832 | 5,364 |
Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 315 | 357 |
Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 17,532 | 21,116 |
Satisfactory 1, 2, 3, 4 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 21,704 | 22,469 |
Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 6,130 | 7,876 |
Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 5,612 | 7,121 |
Satisfactory 1, 2, 3, 4 [Member] | Real Estate Loans [Member] | Farm Production and Other Farm Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 518 | 755 |
Satisfactory 1, 2, 3, 4 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 741 | 862 |
Satisfactory 1, 2, 3, 4 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 741 | 862 |
Special Mention 5,6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 4,535 | 4,494 |
Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 4,071 | 4,068 |
Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 754 | 766 |
Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 161 | 163 |
Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,870 | 1,655 |
Special Mention 5,6 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,286 | 1,484 |
Special Mention 5,6 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 441 | 397 |
Special Mention 5,6 [Member] | Real Estate Loans [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 441 | 397 |
Special Mention 5,6 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 23 | 29 |
Special Mention 5,6 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 23 | 29 |
Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1,158 | 1,230 |
Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 990 | 842 |
Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Development And Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 20 | 23 |
Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | 1-4 Family Mortgages [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 687 | 535 |
Substandard 7 [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 283 | 284 |
Substandard 7 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 45 | 35 |
Substandard 7 [Member] | Real Estate Loans [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 45 | 35 |
Substandard 7 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 123 | 353 |
Substandard 7 [Member] | Consumer Portfolio Segment [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 123 | 353 |
Loss 9 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1 | 14 |
Loss 9 [Member] | Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 14 | |
Loss 9 [Member] | Real Estate Loans [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | $ 14 | |
Loss 9 [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | 1 | |
Loss 9 [Member] | Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total gross loans | $ 1 |
Purchased Loans - Summary of Lo
Purchased Loans - Summary of Loans purchased in business combinations (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | $ 634,401 | $ 647,521 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | 313 | 338 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | 6 | 33 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Land Development And Construction Loans [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | 6 | 8 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | 1-4 Family Mortgages [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | 25 | |
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | 307 | 305 |
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Commercial And Industrial Loans [Member] | ||
Loans Purchased In Business Combinations [Line Items] | ||
Loans and Leases Receivable, Net Amount | $ 307 | $ 305 |
Purchased Loans - Fair Value of
Purchased Loans - Fair Value of Loans Determined to be Impaired (Detail) - USD ($) $ in Thousands | Oct. 01, 2019 | Mar. 31, 2021 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Contractually-required principal | $ 104,127 | |
Nonaccretable difference | (68) | |
Cash flows expected to be collected | 104,059 | |
Accretable yield | (394) | |
Fair Value | $ 103,665 | |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Contractually-required principal | $ 993 | |
Nonaccretable difference | (68) | |
Cash flows expected to be collected | 925 | |
Accretable yield | (36) | |
Fair Value | $ 889 |
Purchased Loans - Fair Value _2
Purchased Loans - Fair Value of Loans Purchased from Charter (Detail) $ in Thousands | Oct. 01, 2019USD ($) |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities [Abstract] | |
Contractually-required principal | $ 104,127 |
Nonaccretable difference | (68) |
Cash flows expected to be collected | 104,059 |
Accretable yield | (394) |
Fair Value | $ 103,665 |
Allowance for Loan Losses - Det
Allowance for Loan Losses - Detailed Activity in Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2021 | Mar. 31, 2020 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning Balance | $ 4,735 | $ 3,755 | ||
Provision for (reversal of) loan losses | 87 | 314 | ||
Chargeoffs | 97 | 300 | ||
Recoveries | 47 | 47 | ||
Net (recoveries) chargeoffs | 50 | 253 | ||
Ending Balance | 4,772 | 3,816 | ||
Loans individually evaluated for impairment | $ 874 | $ 677 | ||
Loans collectively evaluated for impairment | 3,898 | 3,139 | ||
Ending Balance | 4,735 | 3,816 | 4,772 | 3,816 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning Balance | 3,885 | 3,075 | ||
Provision for (reversal of) loan losses | 33 | 184 | ||
Chargeoffs | 31 | 222 | ||
Recoveries | 36 | 14 | ||
Net (recoveries) chargeoffs | (5) | 208 | ||
Ending Balance | 3,923 | 3,051 | ||
Loans individually evaluated for impairment | 766 | 582 | ||
Loans collectively evaluated for impairment | 3,157 | 2,469 | ||
Ending Balance | 3,923 | 3,051 | 3,923 | 3,051 |
Real Estate Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning Balance | 611 | 371 | ||
Provision for (reversal of) loan losses | 22 | 3 | ||
Chargeoffs | 31 | 23 | ||
Recoveries | 3 | 24 | ||
Net (recoveries) chargeoffs | 28 | (1) | ||
Ending Balance | 605 | 375 | ||
Loans individually evaluated for impairment | 108 | 95 | ||
Loans collectively evaluated for impairment | 497 | 280 | ||
Ending Balance | 605 | 375 | 605 | 375 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning Balance | 239 | 309 | ||
Provision for (reversal of) loan losses | 32 | 127 | ||
Chargeoffs | 35 | 55 | ||
Recoveries | 8 | 9 | ||
Net (recoveries) chargeoffs | 27 | 46 | ||
Ending Balance | 244 | 390 | ||
Loans collectively evaluated for impairment | 244 | 390 | ||
Ending Balance | $ 244 | $ 390 | $ 244 | $ 390 |
Allowance for Loan Losses - Rec
Allowance for Loan Losses - Recorded Investment in Loans Related to Balance in Allowance for Possible Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Dec. 31, 2020 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for specific impairment | $ 5,600 | $ 7,675 |
Loans collectively evaluated for general impairment | 633,261 | 644,244 |
Acquired with deteriorated credit quality | 313 | 338 |
Total Gross Loans | 639,174 | 652,257 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for specific impairment | 5,296 | 7,262 |
Loans collectively evaluated for general impairment | 502,726 | 506,368 |
Acquired with deteriorated credit quality | 6 | 33 |
Total Gross Loans | 508,028 | 513,663 |
Real Estate Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for specific impairment | 304 | 413 |
Loans collectively evaluated for general impairment | 117,897 | 124,128 |
Acquired with deteriorated credit quality | 307 | 305 |
Total Gross Loans | 118,508 | 124,846 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans collectively evaluated for general impairment | 12,638 | 13,748 |
Total Gross Loans | $ 12,638 | $ 13,748 |
Premises and Equipment - Summar
Premises and Equipment - Summary of Lease Costs (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Operating lease cost | $ 117 | $ 92 |
Short-term lease cost | 6 | 6 |
Variable lease cost | ||
Total lease cost | $ 123 | $ 98 |
Premises and Equipment - Maturi
Premises and Equipment - Maturities of Operating Lease Liabilities (Detail) $ in Thousands | Mar. 31, 2021USD ($) |
Lease payments due: | |
Within one year | $ 2,218 |
After one year but within two years | 121 |
After two years but within three years | 63 |
After three year but within four years | 64 |
After four years but within five years | 65 |
After five years | 123 |
Total undiscounted cash flows | 2,654 |
Discount on cash flows | (24) |
Total lease liability | $ 2,630 |
Bank Premises, Furniture, Fixtu
Bank Premises, Furniture, Fixtures and Equipment - Additional Information (Detail) $ in Thousands | Mar. 31, 2021USD ($) |
Operating lease right-of-use ("ROU") | $ 2,630 |
Weighted average remaining lease term | 1 year |
Weighted average discount rate | 3.19% |
Other Intangible Assets - Addit
Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Dec. 31, 2020 | |
Core Deposits [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Amortization expense | $ 27 | $ 109 |
Other Intangible Assets - Sched
Other Intangible Assets - Schedule of Finite Lived Intangible Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Other Intangible Assets [Abstract] | ||
Core deposit intangible | $ 630 | $ 739 |
Accumulated amortization | (27) | (109) |
Total | $ 603 | $ 630 |
Other Intangible Assets - Summa
Other Intangible Assets - Summary of Finite Lived Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | ||
2021 | $ 82 | |
2022 | 109 | |
2023 | 109 | |
2024 | 109 | |
2025 | 109 | |
Thereafter | 85 | |
Total | $ 603 | $ 630 |
Shareholders' Equity - Summary
Shareholders' Equity - Summary of Capital Structure Activity (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Beginning Balance | $ 119,548 | $ 112,800 |
Beginning Balance (in shares) | 5,587,070 | 5,578,131 |
Net income | $ 1,897 | $ 1,160 |
Dividends paid | (1,341) | (1,339) |
Options exercised | $ 87 | |
Options exercised (in shares) | 4,500 | |
Stock compensation expense | 42 | $ 40 |
Other comprehensive income, net | (13,666) | 5,996 |
Ending Balance | $ 106,480 | $ 118,744 |
Ending Balance (in shares) | 5,587,070 | 5,582,631 |
Common Stock | ||
Beginning Balance | $ 1,118 | $ 1,116 |
Options exercised | 1 | |
Ending Balance | 1,118 | 1,117 |
Additional Paid-In Capital | ||
Beginning Balance | 18,134 | 17,883 |
Options exercised | 86 | |
Stock compensation expense | 42 | 40 |
Ending Balance | 18,176 | 18,009 |
Accumulated Other Comprehensive Income (Loss) | ||
Beginning Balance | 4,138 | (789) |
Other comprehensive income, net | (13,666) | 5,996 |
Ending Balance | (9,528) | 5,207 |
Retained Earnings | ||
Beginning Balance | 96,158 | 94,590 |
Net income | 1,897 | 1,160 |
Dividends paid | (1,341) | (1,339) |
Ending Balance | $ 96,714 | $ 94,411 |
Fair Value of Financial Instr_3
Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Dec. 31, 2020 | |
Fair Value Disclosures [Abstract] | ||
Gains or losses in earnings attributable to the change in unrealized gains or losses | $ 0 | $ 0 |
Carrying value of an impaired loan | 118,000 | 2,920,000 |
Impaired loans, allowance for loan losses | 9,000 | 907,000 |
Fair value adjustment to OREO due to declines or impairment after foreclosure | $ 16,000 | $ 0 |
Fair Value of Financial Instr_4
Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | $ 774,249 | $ 678,749 |
Obligations of U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 11,235 | 12,061 |
Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 598,816 | 561,983 |
State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 163,698 | 104,197 |
Other Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 500 | 508 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 774,249 | 678,749 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 774,249 | 678,749 |
Fair Value, Measurements, Recurring [Member] | Obligations of U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 11,235 | 12,061 |
Fair Value, Measurements, Recurring [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 598,816 | 561,983 |
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 163,698 | 104,197 |
Fair Value, Measurements, Recurring [Member] | Other Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 500 | 508 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 774,249 | 678,749 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Obligations of U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 11,235 | 12,061 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 598,816 | 561,983 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 163,698 | 104,197 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Other Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | $ 500 | $ 508 |
Fair Value of Financial Instr_5
Fair Value of Financial Instruments - Asset Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring Basis | $ 151,000 | $ 2,013,000 |
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring Basis | 109,000 | 2,013,000 |
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring Basis | 42,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring Basis | 151,000 | 2,013,000 |
Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring Basis | 109,000 | $ 2,013,000 |
Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on non-recurring Basis | $ 42,000 |
Fair Value of Financial Instr_6
Fair Value of Financial Instruments - Carrying Value and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020 |
Financial assets | ||
Cash and due from banks | $ 26,667 | $ 16,840 |
Interest bearing deposits with banks | 25,009 | 25,468 |
Securities available-for-sale | 774,249 | 678,749 |
Net loans | 628,207 | 638,362 |
Financial liabilities | ||
Deposits | 1,230,812 | 1,096,461 |
Federal Home Loan Bank advances | 25,000 | |
Securities Sold under Agreement to Repurchase | 197,709 | 196,272 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Financial assets | ||
Cash and due from banks | 26,667 | 16,840 |
Interest bearing deposits with banks | 25,009 | 25,468 |
Securities available-for-sale | 0 | |
Financial liabilities | ||
Deposits | 972,079 | 861,552 |
Federal Home Loan Bank advances | 25,000 | |
Securities Sold under Agreement to Repurchase | 197,709 | 196,272 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Financial assets | ||
Securities available-for-sale | 774,249 | 678,749 |
Financial liabilities | ||
Deposits | 258,733 | 234,909 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Financial assets | ||
Net loans | 628,207 | 638,362 |
Carrying Value [Member] | ||
Financial assets | ||
Cash and due from banks | 26,667 | 16,840 |
Interest bearing deposits with banks | 25,009 | 25,468 |
Securities available-for-sale | 774,249 | 678,749 |
Net loans | 634,401 | 647,521 |
Financial liabilities | ||
Deposits | 1,229,621 | 1,095,189 |
Federal Home Loan Bank advances | 25,000 | |
Securities Sold under Agreement to Repurchase | $ 197,709 | $ 196,272 |
Fair Value of Financial Instr_7
Fair Value of Financial Instruments - Significant Unobservable Inputs (Level 3) Used in Valuation of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Dec. 31, 2020 | |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair Value | $ 151,000 | $ 2,013,000 |
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair Value | $ 109,000 | $ 2,013,000 |
Valuation Technique | Appraised value of collateral lessestimated costs to sell | |
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair Value | $ 42,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Loss Severity [Member] | Impaired Loans [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Estimated costs to sell | 25.00% | |
Fair Value, Measurements, Nonrecurring [Member] | Measurement Input, Loss Severity [Member] | Other Real Estate Owned [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Fair Value | $ 42,000 | |
Valuation Technique | Appraised value of collateral lessestimated costs to sell | |
Estimated costs to sell | 25.00% |