Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2016 | Oct. 28, 2016 | |
Document Information [Line Items] | ||
Entity Registrant Name | AMES NATIONAL CORPORATION | |
Entity Central Index Key | 1,132,651 | |
Trading Symbol | atlo | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 9,310,913 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Cash and due from banks | $ 21,305,138 | $ 24,005,801 |
Interest bearing deposits in financial institutions | 25,998,518 | 26,993,091 |
Securities available-for-sale | 517,579,320 | 537,632,990 |
Loans receivable, net | 740,321,874 | 701,328,171 |
Loans held for sale | 1,188,415 | 539,370 |
Bank premises and equipment, net | 16,342,418 | 17,007,798 |
Accrued income receivable | 8,370,918 | 7,565,791 |
Other real estate owned | 653,684 | 1,249,915 |
Deferred income taxes | 1,276,571 | |
Core deposit intangible, net | 1,035,525 | 1,308,731 |
Goodwill | 6,732,216 | 6,732,216 |
Other assets | 815,950 | 1,106,698 |
Total assets | 1,340,343,976 | 1,326,747,143 |
LIABILITIES | ||
Demand, noninterest bearing | 187,835,703 | 202,542,011 |
NOW accounts | 302,133,497 | 298,227,493 |
Savings and money market | 366,167,359 | 354,026,475 |
Time, $250,000 and over | 35,663,074 | 36,956,653 |
Other time | 170,009,512 | 182,440,490 |
Total deposits | 1,061,809,145 | 1,074,193,122 |
Securities sold under agreements to repurchase | 49,858,395 | 54,289,915 |
Federal Home Loan Bank (FHLB) advances | 38,000,000 | 18,542,203 |
Other borrowings | 13,000,000 | 13,000,000 |
Deferred income taxes | 1,039,151 | |
Dividend payable | 1,955,292 | 1,862,183 |
Accrued expenses and other liabilities | 3,945,268 | 3,609,663 |
Total liabilities | 1,169,607,251 | 1,165,497,086 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 9,310,913 shares as of September 30, 2016 and December 31, 2015 | 18,621,826 | 18,621,826 |
Additional paid-in capital | 20,878,728 | 20,878,728 |
Retained earnings | 124,112,244 | 118,267,767 |
Accumulated other comprehensive income - net unrealized gain on securities available-for-sale | 7,123,927 | 3,481,736 |
Total stockholders' equity | 170,736,725 | 161,250,057 |
Total liabilities and stockholders' equity | $ 1,340,343,976 | $ 1,326,747,143 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Sep. 30, 2016 | Dec. 31, 2015 |
Common stock, par value (in dollars per share) | $ 2 | $ 2 |
Common stock, shares authorized (in shares) | 18,000,000 | 18,000,000 |
Common stock, shares issued (in shares) | 9,310,913 | 9,310,913 |
Common stock, shares outstanding (in shares) | 9,310,913 | 9,310,913 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Interest income: | ||||
Loans, including fees | $ 8,236,401 | $ 7,808,414 | $ 24,124,973 | $ 22,920,161 |
Securities: | ||||
Taxable | 1,425,366 | 1,506,702 | 4,392,602 | 4,639,398 |
Tax-exempt | 1,329,071 | 1,433,537 | 4,117,893 | 4,399,623 |
Interest bearing deposits and federal funds sold | 86,869 | 94,364 | 296,925 | 288,411 |
Total interest income | 11,077,707 | 10,843,017 | 32,932,393 | 32,247,593 |
Interest expense: | ||||
Deposits | 753,642 | 744,958 | 2,259,140 | 2,276,004 |
Other borrowed funds | 274,297 | 257,791 | 796,006 | 898,565 |
Total interest expense | 1,027,939 | 1,002,749 | 3,055,146 | 3,174,569 |
Net interest income | 10,049,768 | 9,840,268 | 29,877,247 | 29,073,024 |
Provision for loan losses | 234,703 | 37,797 | 440,787 | 1,036,610 |
Net interest income after provision for loan losses | 9,815,065 | 9,802,471 | 29,436,460 | 28,036,414 |
Noninterest income: | ||||
Wealth management income | 684,908 | 671,699 | 2,210,229 | 2,040,956 |
Service fees | 426,711 | 445,706 | 1,228,416 | 1,285,063 |
Securities gains, net | 64,917 | 111,622 | 296,110 | 608,926 |
Gain on sale of loans held for sale | 339,501 | 206,072 | 773,512 | 705,370 |
Merchant and card fees | 350,488 | 350,310 | 1,051,378 | 1,016,783 |
Other noninterest income | 137,153 | 164,568 | 469,138 | 466,085 |
Total noninterest income | 2,003,678 | 1,949,977 | 6,028,783 | 6,123,183 |
Noninterest expense: | ||||
Salaries and employee benefits | 3,977,495 | 3,882,484 | 11,883,696 | 11,418,395 |
Data processing | 824,429 | 720,232 | 2,366,293 | 2,089,363 |
Occupancy expenses, net | 449,775 | 414,868 | 1,461,201 | 1,408,464 |
FDIC insurance assessments | 109,289 | 169,692 | 434,808 | 519,962 |
Professional fees | 296,720 | 346,665 | 889,721 | 951,835 |
Business development | 239,917 | 254,757 | 696,033 | 719,689 |
Other real estate owned expense (income), net | (91,173) | (104,380) | (87,564) | 605,830 |
Core deposit intangible amortization | 86,492 | 103,251 | 273,206 | 326,249 |
Other operating expenses, net | 219,283 | 194,639 | 750,244 | 773,430 |
Total noninterest expense | 6,112,227 | 5,982,208 | 18,667,638 | 18,813,217 |
Income before income taxes | 5,706,516 | 5,770,240 | 16,797,605 | 15,346,380 |
Provision for income taxes | 1,902,636 | 1,670,389 | 5,087,253 | 4,246,790 |
Net income | $ 3,803,880 | $ 4,099,851 | $ 11,710,352 | $ 11,099,590 |
Basic and diluted earnings per share (in dollars per share) | $ 0.41 | $ 0.44 | $ 1.26 | $ 1.19 |
Dividends declared per share (in dollars per share) | $ 0.21 | $ 0.20 | $ 0.63 | $ 0.60 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Net income | $ 3,803,880 | $ 4,099,851 | $ 11,710,352 | $ 11,099,590 |
Other comprehensive income (loss), before tax: | ||||
Unrealized holding gains (losses) arising during the period | (1,838,831) | 2,649,038 | 6,077,365 | 954,990 |
Less: reclassification adjustment for gains realized in net income | 64,917 | 111,622 | 296,110 | 608,926 |
Other comprehensive income (loss), before tax | (1,903,748) | 2,537,416 | 5,781,255 | 346,064 |
Tax effect related to other comprehensive income (loss) | 704,387 | (938,843) | (2,139,064) | (128,044) |
Other comprehensive income (loss), net of tax | (1,199,361) | 1,598,573 | 3,642,191 | 218,020 |
Comprehensive income | $ 2,604,519 | $ 5,698,424 | $ 15,352,543 | $ 11,317,610 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Dec. 31, 2014 | $ 18,621,826 | $ 20,878,728 | $ 110,701,847 | $ 4,472,017 | $ 154,674,418 |
Net income | 11,099,590 | 11,099,590 | |||
Other comprehensive income (loss) | 218,020 | 218,020 | |||
Cash dividends declared | (5,586,548) | (5,586,548) | |||
Balance at Sep. 30, 2015 | 18,621,826 | 20,878,728 | 116,214,889 | 4,690,037 | 160,405,480 |
Other comprehensive income | 218,020 | 218,020 | |||
Balance at Dec. 31, 2015 | 18,621,826 | 20,878,728 | 118,267,767 | 3,481,736 | 161,250,057 |
Net income | 11,710,352 | 11,710,352 | |||
Other comprehensive income (loss) | 3,642,191 | 3,642,191 | |||
Cash dividends declared | (5,865,875) | (5,865,875) | |||
Balance at Sep. 30, 2016 | $ 18,621,826 | $ 20,878,728 | $ 124,112,244 | 7,123,927 | 170,736,725 |
Other comprehensive income | $ 3,642,191 | $ 3,642,191 |
Consolidated Statements of Sto7
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 9 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Retained Earnings [Member] | ||
Cash dividends declared, per share (in dollars per share) | $ 0.63 | $ 0.60 |
Cash dividends declared, per share (in dollars per share) | $ 0.63 | $ 0.60 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 11,710,352 | $ 11,099,590 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan losses | 440,787 | 1,036,610 |
Provision for off-balance sheet commitments | 12,000 | 7,000 |
Amortization, net | 2,327,654 | 2,590,850 |
Amortization of core deposit intangible asset | 273,206 | 326,249 |
Depreciation | 885,202 | 812,607 |
Deferred income taxes | 176,658 | 526,700 |
Securities gains, net | (296,110) | (608,926) |
Loss on sale of premises and equipment, net | 2,769 | 1,132 |
Impairment of other real estate owned | 28,039 | 614,687 |
(Gain) on sale of other real estate owned, net | (131,127) | (88,164) |
Change in assets and liabilities: | ||
(Increase) in loans held for sale | (649,045) | (211,472) |
(Increase) in accrued income receivable | (805,127) | (1,069,704) |
Decrease in other assets | 286,238 | 321,674 |
Increase in accrued expenses and other liabilities | 323,605 | 546,791 |
Net cash provided by operating activities | 14,585,101 | 15,905,624 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of securities available-for-sale | (49,668,267) | (87,374,515) |
Proceeds from sale of securities available-for-sale | 18,738,154 | 21,305,694 |
Proceeds from maturities and calls of securities available-for-sale | 54,611,331 | 60,365,412 |
Net (increase) decrease in interest bearing deposits in financial institutions | 994,573 | (8,691,970) |
Decrease in federal funds sold | 6,000 | |
Net (increase) in loans | (39,394,414) | (32,535,238) |
Net proceeds from the sale of other real estate owned | 755,906 | 4,594,675 |
Purchase of bank premises and equipment, net | (218,081) | (1,679,676) |
Other | (28,812) | |
Net cash (used in) investing activities | (14,180,798) | (44,038,430) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Increase (decrease) in deposits | (12,358,477) | 9,357,287 |
Increase (decrease) in securities sold under agreements to repurchase | (4,431,520) | 800,552 |
Payments on FHLB borrowings and other borrowings | (1,542,203) | (10,414,260) |
Proceeds from short-term FHLB borrowings, net | 21,000,000 | 36,200,000 |
Dividends paid | (5,772,766) | (5,400,329) |
Net cash provided by (used in) financing activities | (3,104,966) | 30,543,250 |
Net increase (decrease) in cash and due from banks | (2,700,663) | 2,410,444 |
Beginning | 24,005,801 | 23,730,257 |
Ending | 21,305,138 | 26,140,701 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
Interest | 3,145,519 | 3,377,794 |
Income taxes | 4,223,653 | 3,246,791 |
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES | ||
Transfer of loans receivable to other real estate owned | $ 56,587 | $ 74,609 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. Significant Accounting Policies The consolidated financial statements for the three and nine months ended September 30, 2016 and 2015 are unaudited. In the opinion of the management of Ames National Corporation (the "Company"), these financial statements reflect all adjustments, consisting only of normal recurring accruals, necessary to present fairly these consolidated financial statements. The results of operations for the interim periods are not necessarily indicative of results which may be expected for an entire year. Certain information and footnote disclosures normally included in complete financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the requirements for interim financial statements. The interim financial statements and notes thereto should be read in conjunction with the year-end audited financial statements contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 (the “Annual Report”). The consolidated financial statements include the accounts of the Company and its wholly-owned banking subsidiaries (the “Banks”). All significant intercompany balances and transactions have been eliminated in consolidation. Goodwill: Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill resulting from acquisitions is not amortized, but is tested for impairment annually or whenever events change and circumstances indicate that it is more likely than not that an impairment loss has occurred. Goodwill is tested for impairment using a two-step process that begins with an estimation of the fair value of a reporting unit. The second step, if necessary, measures the amount of impairment, if any. Significant judgment is applied when goodwill is assessed for impairment. This judgment includes developing cash flow projections, selecting appropriate discount rates, identifying relevant market comparables, incorporating general economic and market conditions and selecting an appropriate control premium. At September 30, 2016, Company management has performed a goodwill impairment assessment and determined goodwill was not impaired. Current Accounting Developments: In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The ASU requires a lessee to recognize on the balance sheet assets and liabilities for leases with lease terms of more than 12 months. Consistent with current Generally Accepted Accounting Principles (“GAAP”), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. Unlike current GAAP, which requires that only capital leases be recognized on the balance sheet, the ASC requires that both types of leases by recognized on the balance sheet. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2018. Early application is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU Update No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. Among other items the ASC requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2017. The effect of the adoption of this guidance has not yet been determined by the Company. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. Additionally, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2019. The effect of the adoption of this guidance has not yet been determined by the Company. |
Note 2 - Dividends
Note 2 - Dividends | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Dividends Disclosure [Text Block] | 2. Dividends On August 10, 2016, the Company declared a cash dividend on its common stock, payable on November 15, 2016 to stockholders of record as of November 1, 2016, equal to $0.21 per share. |
Note 3 - Earnings Per Share
Note 3 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 3. Earnings Per Share Earnings per share amounts were calculated using the weighted average shares outstanding during the periods presented. The weighted average outstanding shares for the three and nine months ended September 30, 2016 and 2015 were 9,310,913. The Company had no potentially dilutive securities outstanding during the periods presented. |
Note 4 - Off-balance Sheet Arra
Note 4 - Off-balance Sheet Arrangements | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Loans and Leases Receivable Commitments [Text Block] | 4. Off-Balance Sheet Arrangements The Company is party to financial instruments with off-balance sheet risk in the normal course of business. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. No material changes in the Company’s off-balance sheet arrangements have occurred since December 31, 2015. |
Note 5 - Fair Value Measurement
Note 5 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 5. Fair Value Measurements Assets and liabilities carried at fair value are required to be classified and disclosed according to the process for determining fair value. There are three levels of determining fair value. Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. Level 2: Inputs to the valuation methodology include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatility, prepayment speeds, credit risk); or inputs derived principally from or can be corroborated by observable market data by correlation or other means. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. The following table presents the balances of assets measured at fair value on a recurring basis by level as of September 30, 2016 and December 31, 2015. (in thousands) Description Total Level 1 Level 2 Level 3 2016 U.S. government treasuries $ 1,505 $ 1,505 $ - $ - U.S. government agencies 108,222 - 108,222 - U.S. government mortgage-backed securities 82,685 - 82,685 - State and political subdivisions 266,535 - 266,535 - Corporate bonds 54,678 - 54,678 - Equity securities, other 3,954 - 3,954 - $ 517,579 $ 1,505 $ 516,074 $ - 2015 U.S. government treasuries $ 1,467 $ 1,467 $ - $ - U.S. government agencies 106,445 - 106,445 - U.S. government mortgage-backed securities 98,079 - 98,079 - State and political subdivisions 277,597 - 277,597 - Corporate bonds 50,889 - 50,889 - Equity securities, other 3,156 - 3,156 - $ 537,633 $ 1,467 $ 536,166 $ - Level 1 securities include U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets. U.S government mortgage-backed securities, state and political subdivisions, most corporate bonds and other equity securities are reported at fair value utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things. The Company's policy is to recognize transfers between levels at the end of each reporting period, if applicable. There were no transfers between levels of the fair value hierarchy during the nine months ended September 30, 2016. Certain assets are measured at fair value on a nonrecurring basis; that is, they are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following table presents the assets carried on the balance sheet (after specific reserves) by caption and by level within the valuation hierarchy as of September 30, 2016 and December 31, 2015. (in thousands) Description Total Level 1 Level 2 Level 3 2016 Loans receivable $ 1,185 $ - $ - $ 1,185 Other real estate owned 654 - - 654 Total $ 1,839 $ - $ - $ 1,839 2015 Loans receivable $ 603 $ - $ - $ 603 Other real estate owned 1,250 - - 1,250 Total $ 1,853 $ - $ - $ 1,853 Loans Receivable : Loans in the tables above consist of impaired credits held for investment. In accordance with the loan impairment guidance, impairment was measured based on the fair value of collateral less estimated selling costs for collateral dependent loans. Fair value for impaired loans is based upon appraised values of collateral adjusted for trends observed in the market. A valuation allowance was recorded for the excess of the loan’s recorded investment over the amounts determined by the collateral value method. This valuation allowance is a component of the allowance for loan losses. The Company considers these fair value measurements as level 3. Other Real Estate Owned: The significant inputs used in the fair value measurements for Level 3 assets measured at fair value on a nonrecurring basis as of September 30, 2016 and December 31, 2015 are as follows: (in thousands) 2016 Estimated Valuation Unobservable Range Fair Value Techniques Inputs (Average) Impaired Loans $ 1,185 Evaluation of collateral Estimation of value NM* Other real estate owned $ 654 Appraisal Appraisal adjustment 6% - 8% (7%) 2015 Estimated Valuation Unobservable Range Fair Value Techniques Inputs (Average) Impaired Loans $ 603 Evaluation of collateral Estimation of value NM* Other real estate owned $ 1,250 Appraisal Appraisal adjustment 6% - 10% (8%) * Not Meaningful. Evaluations of the underlying assets are completed for each impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivables, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may be obtained. Types of discounts considered included aging of receivables, condition of the collateral, potential market for the collateral and estimated disposal costs. These discounts will vary from loan to loan, thus providing a range would not be meaningful. GAAP requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring basis or nonrecurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or nonrecurring basis are discussed above. The methodologies for other financial assets and financial liabilities are discussed below. Fair value of financial instruments: Disclosure of fair value information about financial instruments, for which it is practicable to estimate that value, is required whether or not recognized in the consolidated balance sheets. In cases in which 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 estimate 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 instruments. Certain financial instruments with a fair value that is not practicable to estimate and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value amounts presented do not necessarily represent the underlying value of the Company. The following disclosures represent financial instruments in which the ending balances at September 30, 2016 and December 31, 2015 are not carried at fair value in their entirety on the consolidated balance sheets. Cash and due from banks and interest bearing deposits in financial institutions: The recorded amount of these assets approximates fair value. Securities available-for-sale U.S government mortgage-backed securities, state and political subdivisions, some corporate bonds and other equity securities are reported at fair value utilizing Level 2 inputs. Loans receivable Loans held for sale Deposit s Securities sold under agreements to repurchase FHLB advances and other borrowings: Accrued income receivable and accrued interest payable Commitments to extend credit and standby letters of credit: Limitations The estimated fair values of the Company’s financial instruments as described above as of September 30, 2016 and December 31, 2015 are as follows: (in thousands) 2016 2015 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and due from banks Level 1 $ 21,305 $ 21,305 $ 24,006 $ 24,006 Interest bearing deposits Level 1 25,999 25,999 26,993 26,993 Securities available-for-sale See previous table 517,579 517,579 537,633 537,633 Loans receivable, net Level 2 740,322 741,279 701,328 702,438 Loans held for sale Level 2 1,188 1,188 539 539 Accrued income receivable Level 1 8,371 8,371 7,566 7,566 Financial liabilities: Deposits Level 2 $ 1,061,809 $ 1,063,219 $ 1,074,193 $ 1,075,289 Securities sold under agreements to repurchase Level 1 49,858 49,858 54,290 54,290 FHLB advances Level 2 38,000 38,304 18,542 19,017 Other borrowings Level 2 13,000 13,510 13,000 13,807 Accrued interest payable Level 1 348 348 413 413 The methodologies used to determine fair value as of September 30, 2016 did not change from the methodologies described in the December 31, 2015 Annual Financial Statements. |
Note 6 - Debt and Equity Securi
Note 6 - Debt and Equity Securities | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 6. Debt and Equity Securities The amortized cost of securities available-for-sale and their fair values as of September 30, 2016 and December 31, 2015 are summarized below: (in thousands) 2016: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 1,454 $ 51 $ - $ 1,505 U.S. government agencies 105,400 2,865 (43 ) 108,222 U.S. government mortgage-backed securities 79,916 2,769 - 82,685 State and political subdivisions 261,981 4,823 (269 ) 266,535 Corporate bonds 53,566 1,163 (51 ) 54,678 Equity securities, other 3,954 - - 3,954 $ 506,271 $ 11,671 $ (363 ) $ 517,579 2015: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 1,444 $ 23 $ - $ 1,467 U.S. government agencies 105,948 797 (300 ) 106,445 U.S. government mortgage-backed securities 96,373 1,828 (123 ) 98,078 State and political subdivisions 273,771 4,359 (533 ) 277,597 Corporate bonds 51,414 227 (751 ) 50,890 Equity securities, other 3,156 - - 3,156 $ 532,106 $ 7,234 $ (1,707 ) $ 537,633 The proceeds, gains and losses from securities available-for-sale are summarized as follows: (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Proceeds from sales of securities available-for-sale $ 5,852 $ 5,926 $ 18,738 $ 21,306 Gross realized gains on securities available-for-sale 66 126 303 623 Gross realized losses on securities available-for-sale (1 ) (14 ) (7 ) (14 ) Tax provision applicable to net realized gains on securities available-for-sale 29 42 110 227 Unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are summarized as of September 30, 2016 and December 31, 2015 are as follows: (in thousands) Less than 12 Months 12 Months or More Total 2016: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government agencies $ 4,014 $ (43 ) $ - $ - $ 4,014 $ (43 ) State and political subdivisions 22,711 (262 ) 1,725 (7 ) 24,436 (269 ) Corporate bonds 2,106 (14 ) 3,275 (37 ) 5,381 (51 ) $ 28,831 $ (319 ) $ 5,000 $ (44 ) $ 33,831 $ (363 ) Less than 12 Months 12 Months or More Total 2015: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities available-for-sale: U.S. government agencies $ 30,245 $ (253 ) $ 3,121 $ (47 ) $ 33,366 $ (300 ) U.S. government mortgage-backed securities 22,842 (123 ) - - 22,842 (123 ) State and political subdivisions 38,202 (414 ) 11,096 (119 ) 49,298 (533 ) Corporate bonds 22,091 (249 ) 14,614 (502 ) 36,705 (751 ) $ 113,380 $ (1,039 ) $ 28,831 $ (668 ) $ 142,211 $ (1,707 ) Gross unrealized losses on debt securities totaled $363,000 as of September 30, 2016. These unrealized losses are generally due to changes in interest rates or general market conditions. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, state or political subdivision, or corporations. Management then determines whether downgrades by bond rating agencies have occurred, and reviews industry analysts’ reports. The Company’s procedures for evaluating investments in states, municipalities and political subdivisions include but are not limited to reviewing the offering statement and the most current available financial information, comparing yields to yields of bonds of similar credit quality, confirming capacity to repay, assessing operating and financial performance, evaluating the stability of tax revenues, considering debt profiles and local demographics, and for revenue bonds, assessing the source and strength of revenue structures for municipal authorities. These procedures, as applicable, are utilized for all municipal purchases and are utilized in whole or in part for monitoring the portfolio of municipal holdings. The Company does not utilize third party credit rating agencies as a primary component of determining if the municipal issuer has an adequate capacity to meet the financial commitments under the security for the projected life of the investment, and, therefore, does not compare internal assessments to those of the credit rating agencies. Credit rating downgrades are utilized as an additional indicator of credit weakness and as a reference point for historical default rates. Management concluded that the gross unrealized losses on debt securities were temporary. Due to potential changes in conditions, it is at least reasonably possible that changes in fair values and management’s assessments will occur in the near term and that such changes could materially affect the amounts reported in the Company’s financial statements. |
Note 7 - Loans Receivable and C
Note 7 - Loans Receivable and Credit Disclosures | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | 7. Loans Receivable and Credit Disclosures Activity in the allowance for loan losses, on a disaggregated basis, for the three and nine months ended September 30, 2016 and 2015 is as follows: (in thousands) Three Months Ended September 30, 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2016 $ 758 $ 1,742 $ 3,890 $ 834 $ 1,439 $ 1,219 $ 253 $ 10,135 Provision (credit) for loan losses 121 32 (89 ) - 169 12 (10 ) 235 Recoveries of loans charged-off 15 1 - - 75 - 2 93 Loans charged-off - - - - (1 ) - (11 ) (12 ) Balance, September 30, 2016 $ 894 $ 1,775 $ 3,801 $ 834 $ 1,682 $ 1,231 $ 234 $ 10,451 Nine Months Ended September 30, 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2015 $ 999 $ 1,806 $ 3,557 $ 760 $ 1,371 $ 1,256 $ 239 $ 9,988 Provision (credit) for loan losses (135 ) (34 ) 244 74 308 (25 ) 9 441 Recoveries of loans charged-off 30 3 - - 81 - 7 121 Loans charged-off - - - - (78 ) - (21 ) (99 ) Balance, September 30, 2016 $ 894 $ 1,775 $ 3,801 $ 834 $ 1,682 $ 1,231 $ 234 $ 10,451 Three Months Ended September 30, 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2015 $ 823 $ 1,826 $ 3,590 $ 812 $ 1,263 $ 1,338 $ 220 $ 9,872 Provision for loan losses 130 (10 ) (129 ) (20 ) 97 (44 ) 14 38 Recoveries of loans charged-off 15 2 - - - - 16 33 Loans charged-off - (1 ) - - - - (15 ) (16 ) Balance, September 30, 2015 $ 968 $ 1,817 $ 3,461 $ 792 $ 1,360 $ 1,294 $ 235 $ 9,927 Nine Months Ended September 30, 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2014 $ 495 $ 1,648 $ 3,214 $ 737 $ 1,247 $ 1,312 $ 186 $ 8,839 Provision for loan losses 438 154 247 55 113 (18 ) 48 1,037 Recoveries of loans charged-off 35 22 - - - - 24 81 Loans charged-off - (7 ) - - - - (23 ) (30 ) Balance, September 30, 2015 $ 968 $ 1,817 $ 3,461 $ 792 $ 1,360 $ 1,294 $ 235 $ 9,927 Allowance for loan losses disaggregated on the basis of impairment analysis method as of September 30, 2016 and December 31, 2015 is as follows: (in thousands ) 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 140 $ - $ - $ 576 $ - $ - $ 716 Collectively evaluated for impairment 894 1,635 3,801 834 1,106 1,231 234 9,735 Balance September 30, 2016 $ 894 $ 1,775 $ 3,801 $ 834 $ 1,682 $ 1,231 $ 234 $ 10,451 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 273 $ 2 $ - $ 164 $ - $ - $ 439 Collectively evaluated for impairment 999 1,533 3,555 760 1,207 1,256 239 9,549 Balance December 31, 2015 $ 999 $ 1,806 $ 3,557 $ 760 $ 1,371 $ 1,256 $ 239 $ 9,988 Loans receivable disaggregated on the basis of impairment analysis method as of September 30, 2016 and December 31, 2015 is as follows (in thousands) 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 1,047 $ 431 $ - $ 1,406 $ 11 $ 85 $ 2,980 Collectively evaluated for impairment 58,639 148,950 302,608 69,824 71,039 75,850 20,988 747,898 Balance September 30, 2016 $ 58,639 $ 149,997 $ 303,039 $ 69,824 $ 72,445 $ 75,861 $ 21,073 $ 750,878 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 1,050 $ 558 $ - $ 197 $ 11 $ 2 $ 1,818 Collectively evaluated for impairment 66,268 126,026 251,331 62,530 102,318 79,522 21,597 709,592 Balance December 31, 2015 $ 66,268 $ 127,076 $ 251,889 $ 62,530 $ 102,515 $ 79,533 $ 21,599 $ 711,410 A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payment of principal and interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. The Company will apply its normal loan review procedures to identify loans that should be evaluated for impairment. The following is a recap of impaired loans, on a disaggregated basis, as of September 30, 2016 and December 31, 2015: (in thousands) 2016 2015 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - $ 31 $ - Real estate - 1 to 4 family residential 428 447 - 296 304 - Real estate - commercial 431 1,044 - 456 1,030 - Real estate - agricultural - - - - - - Commercial 124 133 - 11 17 - Agricultural 11 13 - 11 13 - Consumer and other 85 88 - 2 2 - Total loans with no specific reserve: 1,079 1,725 - 776 1,397 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 619 766 140 754 891 273 Real estate - commercial - - - 102 111 2 Real estate - agricultural - - - - - - Commercial 1,282 1,283 576 186 262 164 Agricultural - - - - - - Consumer and other - - - - - - Total loans with specific reserve: 1,901 2,049 716 1,042 1,264 439 Total Real estate - construction - - - - 31 - Real estate - 1 to 4 family residential 1,047 1,213 140 1,050 1,195 273 Real estate - commercial 431 1,044 - 558 1,141 2 Real estate - agricultural - - - - - - Commercial 1,406 1,416 576 197 279 164 Agricultural 11 13 - 11 13 - Consumer and other 85 88 - 2 2 - $ 2,980 $ 3,774 $ 716 $ 1,818 $ 2,661 $ 439 The following is a recap of the average recorded investment and interest income recognized on impaired loans for the three and nine months ended September 30, 2016 and 2015: (in thousands) Three Months Ended Septmber 30, 2016 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ 51 $ 62 Real estate - 1 to 4 family residential 481 - 250 - Real estate - commercial 450 - 525 - Real estate - agricultural - - - - Commercial 67 - 94 - Agricultural 11 - 11 - Consumer and other 88 6 4 - Total loans with no specific reserve: 1,097 6 935 62 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 626 - 761 - Real estate - commercial - - 129 - Real estate - agricultural - - - - Commercial 1,003 2 131 - Agricultural - - - - Consumer and other 1 - - - Total loans with specific reserve: 1,630 2 1,021 - Total Real estate - construction - - 51 62 Real estate - 1 to 4 family residential 1,107 - 1,011 - Real estate - commercial 450 - 654 - Real estate - agricultural - - - - Commercial 1,070 2 225 - Agricultural 11 - 11 - Consumer and other 89 6 4 - $ 2,727 $ 8 $ 1,956 $ 62 Nine Months Ended September 30, 2016 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ 31 $ 121 $ 129 Real estate - 1 to 4 family residential 438 1 161 - Real estate - commercial 465 22 579 23 Real estate - agricultural - - - - Commercial 39 - 276 3 Agricultural 11 - 13 - Consumer and other 66 6 5 2 Total loans with no specific reserve: 1,019 60 1,155 157 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 663 5 772 - Real estate - commercial 26 - 143 - Real estate - agricultural - - - - Commercial 732 2 106 - Agricultural - - - - Consumer and other 1 - - - Total loans with specific reserve: 1,422 7 1,021 - Total Real estate - construction - 31 121 129 Real estate - 1 to 4 family residential 1,101 6 933 - Real estate - commercial 491 22 722 23 Real estate - agricultural - - - - Commercial 771 2 382 3 Agricultural 11 - 13 - Consumer and other 67 6 5 2 $ 2,441 $ 67 $ 2,176 $ 157 The interest foregone on nonaccrual loans for the three months ended September 30, 2016 and 2015 was approximately $46,000 and $39,000, respectively. The interest foregone on nonaccrual loans for the nine months ended September 30, 2016 and 2015 was approximately $124,000 and $127,000, respectively The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $1,388,000 as of September 30, 2016, of which all were included in impaired loans and nonaccrual loans. The Company had TDRs of $780,000 as of December 31, 2015, all of which were included in impaired and nonaccrual loans. The following tables sets forth information on the Company’s TDRs, on a disaggregated basis, occurring in the three and nine months ended September 30, 2016 and 2015: ( dollars in thousands) Three Months Ended September 30, 2016 2015 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential - - - - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - - - - Agricultural - - - - - - Consumer and other - - - - - - - $ - $ - - $ - $ - Nine Months Ended September 30, 2016 2015 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential - - - - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial 3 702 705 - - - Agricultural - - - - - - Consumer and other 3 70 70 - - - 6 $ 772 $ 775 - $ - $ - During the three months ended September 30, 2016, the Company did not grant concessions to any borrowers that were experiencing financial difficulties. During the nine months ended September 30, 2016, the Company granted concessions to two borrowers experiencing financial difficulties with six loans. The three consumer loans were extended beyond normal terms at an interest rate below a market interest rate. The three commercial operating loans were extended beyond normal terms. The Company did not grant any concessions on any significant loans experiencing financial difficulties during the three and nine months ended September 30, 2015. The Company considers TDR loans to have payment default when it is past due 60 days or more. Three TDR loans modified during the twelve months ended September 30, 2016 had payment defaults. No TDR modified during the twelve months ended September 30, 2015 had payment defaults. There were no charge-offs related to TDRs for the nine months ended September 30, 2016 and 2015. An aging analysis of the recorded investments in loans, on a disaggregated basis, as of September 30, 2016 and December 31, 2015, is as follows: (in thousands) 2016 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 64 $ - $ 64 $ 58,575 $ 58,639 $ - Real estate - 1 to 4 family residential 940 167 1,107 148,890 149,997 - Real estate - commercial 1,172 - 1,172 301,867 303,039 - Real estate - agricultural - - - 69,824 69,824 - Commercial 1,244 38 1,282 71,163 72,445 - Agricultural 69 - 69 75,792 75,861 - Consumer and other 30 16 46 21,027 21,073 - $ 3,519 $ 221 $ 3,740 $ 747,138 $ 750,878 $ - 2015 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ - $ - $ - $ 66,268 $ 66,268 $ - Real estate - 1 to 4 family residential 1,311 307 1,618 125,458 127,076 75 Real estate - commercial 1,356 - 1,356 250,533 251,889 - Real estate - agricultural - - - 62,530 62,530 - Commercial 266 204 470 102,045 102,515 - Agricultural - - - 79,533 79,533 - Consumer and other 79 - 79 21,520 21,599 - $ 3,012 $ 511 $ 3,523 $ 707,887 $ 711,410 $ 75 The credit risk profile by internally assigned grade, on a disaggregated basis, as of September 30, 2016 and December 31, 2015 is as follows: (in thousands) 2016 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 54,485 $ 276,012 $ 52,055 $ 54,718 $ 54,473 $ 491,743 Watch 3,055 20,084 11,669 15,095 20,751 70,654 Special Mention - 590 4,228 - 76 4,894 Substandard 1,099 5,922 1,872 1,225 550 10,668 Substandard-Impaired - 431 - 1,407 11 1,849 $ 58,639 $ 303,039 $ 69,824 $ 72,445 $ 75,861 $ 579,808 2015 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 60,700 $ 227,425 $ 55,503 $ 91,096 $ 71,457 $ 506,181 Watch 4,487 17,523 6,865 8,329 7,156 44,360 Special Mention - 388 - 224 81 693 Substandard 1,081 5,995 162 2,669 828 10,735 Substandard-Impaired - 558 - 197 11 766 $ 66,268 $ 251,889 $ 62,530 $ 102,515 $ 79,533 $ 562,735 The credit risk profile based on payment activity, on a disaggregated basis, as of September 30, 2016 and December 31, 2015 is as follows: 2016 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 148,949 $ 20,988 $ 169,937 Non-performing 1,048 85 1,133 $ 149,997 $ 21,073 $ 171,070 2015 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 125,951 $ 21,597 $ 147,548 Non-performing 1,125 2 1,127 $ 127,076 $ 21,599 $ 148,675 |
Note 8 - Other Real Estate Owne
Note 8 - Other Real Estate Owned | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] | 8. Other Real Estate Owned The following table provides the composition of other real estate owned as of September 30, 2016 and December 31, 2015: (in thousands) 2016 2015 Construction and land development $ 427 $ 739 1 to 4 family residential real estate 227 511 $ 654 $ 1,250 The Company is actively marketing the assets referred to in the table above. Management uses appraised values and adjusts for trends observed in the market and for disposition costs in determining the value of other real estate owned. The assets above are primarily located in the Ames, Iowa area. |
Note 9 - Goodwill
Note 9 - Goodwill | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 9. Goodwill Goodwill is not amortized but is evaluated for impairment at least annually. For income tax purposes, goodwill is amortized over fifteen years. |
Note 10 - Core Deposit Intangib
Note 10 - Core Deposit Intangible Asset | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 10. Core deposit intangible asset The following sets forth the carrying amounts and accumulated amortization of core deposit intangible assets at September 30, 2016 and December 31, 2015: (in thousands) 2016 2015 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 2,518 $ 1,482 $ 2,518 $ 1,209 The weighted average life of the core deposit intangible is 3 years as of September 30, 2016 and December 31, 2015. The following sets forth the activity related to core deposit intangible assets for the three and nine months ended September 30, 2016 and 2015: (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Beginning core deposit intangible, net $ 1,122 $ 1,507 $ 1,309 $ 1,730 Amortization (86 ) (103 ) (273 ) (326 ) Ending core deposit intangible, net $ 1,036 $ 1,404 $ 1,036 $ 1,404 Estimated remaining amortization expense on core deposit intangible for the years ending December 31 st (in thousands) 2016 $ 80 2017 298 2018 251 2019 128 2020 71 2021 71 After 137 $ 1,036 |
Note 11 - Secured Borrowings
Note 11 - Secured Borrowings | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 11. Secured Borrowings The following sets forth the pledged collateral at estimated fair value related to securities sold under repurchase agreements and term repurchase agreements as of September 30, 2016 and December 31, 2015: (in thousands) 2016 2015 Remaining Contractual Maturity of the Agreements Overnight Greater than Total Overnight Greater than Total 90 days 90 days Securities sold under agreements to repurchase: U.S. government treasuries $ 1,505 $ - $ 1,505 $ 1,467 $ - $ 1,467 U.S. government agencies 47,673 - 47,673 46,755 - 46,755 U.S. government mortgage-backed securities 33,214 - 33,214 41,657 - 41,657 Total $ 82,392 $ - $ 82,392 $ 89,879 $ - $ 89,879 Term repurchase agreements (Other borrowings): U.S. government agencies $ - $ 15,545 $ 15,545 $ - $ 12,503 $ 12,503 U.S. government mortgage-backed securities - 395 395 - 676 676 Total $ - $ 15,940 $ 15,940 $ - $ 13,179 $ 13,179 Total pledged collateral $ 82,392 $ 15,940 $ 98,332 $ 89,879 $ 13,179 $ 103,058 In the event the repurchase agreements exceed the estimated fair value of the pledged securities available-for-sale, the Company has unpledged securities available-for-sale that may be pledged on the repurchase agreements. |
Note 12 - Regulatory Matters
Note 12 - Regulatory Matters | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | 12. Regulatory Matters The Company and the Banks capital amounts and ratios are as follows: ( dollars in thousands To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes * Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2016: Total capital (to risk-weighted assets): Consolidated $ 167,797 17.4 % $ 83,363 8.625 % N/A N/A Boone Bank & Trust 14,975 17.0 7,602 8.625 $ 8,814 10.0 % First National Bank 77,382 15.2 43,894 8.625 50,891 10.0 Reliance State Bank 25,642 14.6 15,125 8.625 17,536 10.0 State Bank & Trust 20,119 17.0 10,182 8.625 11,805 10.0 United Bank & Trust 14,930 20.0 6,435 8.625 7,461 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 156,827 16.3 % $ 64,033 6.625 % N/A N/A Boone Bank & Trust 14,046 15.9 5,839 6.625 $ 7,051 8.0 % First National Bank 71,842 14.1 33,716 6.625 40,713 8.0 Reliance State Bank 23,692 13.5 11,617 6.625 14,029 8.0 State Bank & Trust 18,640 15.8 7,821 6.625 9,444 8.0 United Bank & Trust 14,163 19.0 4,943 6.625 5,969 8.0 Tier 1 capital (to average-weighted assets): Consolidated $ 156,827 12.0 % $ 52,374 4.000 % N/A N/A Boone Bank & Trust 14,046 10.5 5,372 4.000 $ 6,715 5.0 % First National Bank 71,842 10.1 28,566 4.000 35,707 5.0 Reliance State Bank 23,692 11.4 8,341 4.000 10,426 5.0 State Bank & Trust 18,640 12.2 6,122 4.000 7,653 5.0 United Bank & Trust 14,163 12.7 4,469 4.000 5,586 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 156,827 16.3 % $ 49,535 5.125 % N/A N/A Boone Bank & Trust 14,046 15.9 4,517 5.125 $ 5,729 6.5 % First National Bank 71,842 14.1 26,082 5.125 33,079 6.5 Reliance State Bank 23,692 13.5 8,987 5.125 11,398 6.5 State Bank & Trust 18,640 15.8 6,050 5.125 7,673 6.5 United Bank & Trust 14,163 19.0 3,824 5.125 4,850 6.5 * These ratios for September 30, 2016 include a capital conservation buffer of 0.625%, except for the Tier 1 capital to average weighted assets ratios. To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015: Total capital (to risk-weighted assets): Consolidated $ 157,926 16.6 % $ 76,179 8.0 % N/A N/A Boone Bank & Trust 14,525 15.5 7,477 8.0 $ 9,346 10.0 % First National Bank 74,210 15.3 38,859 8.0 48,574 10.0 Reliance State Bank 24,287 13.8 14,101 8.0 17,626 10.0 State Bank & Trust 19,658 16.2 9,729 8.0 12,161 10.0 United Bank & Trust 14,621 20.6 5,693 8.0 7,116 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 147,430 15.5 % $ 57,134 6.0 % N/A N/A Boone Bank & Trust 13,569 14.5 5,608 6.0 $ 7,477 8.0 % First National Bank 69,157 14.2 29,144 6.0 38,859 8.0 Reliance State Bank 22,491 12.8 10,575 6.0 14,101 8.0 State Bank & Trust 18,135 14.9 7,297 6.0 9,729 8.0 United Bank & Trust 13,858 19.5 4,269 6.0 5,693 8.0 Tier 1 capital (to average-weighted assets): Consolidated $ 147,430 11.3 % $ 52,657 4.0 % N/A N/A Boone Bank & Trust 13,569 9.8 5,557 4.0 $ 6,946 5.0 % First National Bank 69,157 9.9 27,970 4.0 34,963 5.0 Reliance State Bank 22,491 10.7 8,380 4.0 10,476 5.0 State Bank & Trust 18,135 11.5 6,332 4.0 7,915 5.0 United Bank & Trust 13,858 12.5 4,452 4.0 5,565 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 147,430 15.5 % $ 42,851 4.5 % N/A N/A Boone Bank & Trust 13,569 14.5 4,206 4.5 $ 6,075 6.5 % First National Bank 69,157 14.2 21,858 4.5 31,573 6.5 Reliance State Bank 22,491 12.8 7,932 4.5 11,457 6.5 State Bank & Trust 18,135 14.9 5,473 4.5 7,905 6.5 United Bank & Trust 13,858 19.5 3,202 4.5 4,625 6.5 The Federal Reserve Board and the FDIC issued final rules implementing the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act changes in July 2013. The rules revise minimum capital requirements and adjust prompt corrective action thresholds. The final rules revise the regulatory capital elements, add a new common equity Tier I capital ratio, increase the minimum Tier 1 capital ratio requirements and implement a new capital conservation buffer. The rules also permit certain banking organizations to retain, through a one-time election, the existing treatment for accumulated other comprehensive income. The Company and the Banks have made the election to retain the existing treatment for accumulated other comprehensive income. The final rules took effect for the Company and the Banks on January 1, 2015, subject to a transition period for certain parts of the rules. Beginning in 2016, an additional capital conservation buffer was added to the minimum requirements for capital adequacy purposes, subject to a three year phase-in period. The capital conservation buffer will be fully phased-in on January 1, 2019 at 2.5 percent. A banking organization with a conservation buffer of less than 2.5 percent (or the required phase-in amount in years prior to 2019) will be subject to limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. At the present time, the ratios for the Company and the Banks are sufficient to meet the fully phased-in conservation buffer. |
Note 13 - Subsequent Events
Note 13 - Subsequent Events | 9 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 13. Subsequent Events Management evaluated subsequent events through the date the financial statements were issued. There were no significant events or transactions occurring after September 30, 2016, but prior to November 8, 2016, that provided additional evidence about conditions that existed at September 30, 2016. There were no other significant events or transactions that provided evidence about conditions that did not exist at September 30, 2016. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2016 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | The consolidated financial statements for the three and nine months ended September 30, 2016 and 2015 are unaudited. In the opinion of the management of Ames National Corporation (the "Company"), these financial statements reflect all adjustments, consisting only of normal recurring accruals, necessary to present fairly these consolidated financial statements. The results of operations for the interim periods are not necessarily indicative of results which may be expected for an entire year. Certain information and footnote disclosures normally included in complete financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the requirements for interim financial statements. The interim financial statements and notes thereto should be read in conjunction with the year-end audited financial statements contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 (the “Annual Report”). The consolidated financial statements include the accounts of the Company and its wholly-owned banking subsidiaries (the “Banks”). All significant intercompany balances and transactions have been eliminated in consolidation. |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill: Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill resulting from acquisitions is not amortized, but is tested for impairment annually or whenever events change and circumstances indicate that it is more likely than not that an impairment loss has occurred. Goodwill is tested for impairment using a two-step process that begins with an estimation of the fair value of a reporting unit. The second step, if necessary, measures the amount of impairment, if any. Significant judgment is applied when goodwill is assessed for impairment. This judgment includes developing cash flow projections, selecting appropriate discount rates, identifying relevant market comparables, incorporating general economic and market conditions and selecting an appropriate control premium. At September 30, 2016, Company management has performed a goodwill impairment assessment and determined goodwill was not impaired. |
New Accounting Pronouncements, Policy [Policy Text Block] | Current Accounting Developments: In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The ASU requires a lessee to recognize on the balance sheet assets and liabilities for leases with lease terms of more than 12 months. Consistent with current Generally Accepted Accounting Principles (“GAAP”), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. Unlike current GAAP, which requires that only capital leases be recognized on the balance sheet, the ASC requires that both types of leases by recognized on the balance sheet. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2018. Early application is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU Update No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. Among other items the ASC requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2017. The effect of the adoption of this guidance has not yet been determined by the Company. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. Additionally, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2019. The effect of the adoption of this guidance has not yet been determined by the Company. |
Note 5 - Fair Value Measureme23
Note 5 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Description Total Level 1 Level 2 Level 3 2016 U.S. government treasuries $ 1,505 $ 1,505 $ - $ - U.S. government agencies 108,222 - 108,222 - U.S. government mortgage-backed securities 82,685 - 82,685 - State and political subdivisions 266,535 - 266,535 - Corporate bonds 54,678 - 54,678 - Equity securities, other 3,954 - 3,954 - $ 517,579 $ 1,505 $ 516,074 $ - 2015 U.S. government treasuries $ 1,467 $ 1,467 $ - $ - U.S. government agencies 106,445 - 106,445 - U.S. government mortgage-backed securities 98,079 - 98,079 - State and political subdivisions 277,597 - 277,597 - Corporate bonds 50,889 - 50,889 - Equity securities, other 3,156 - 3,156 - $ 537,633 $ 1,467 $ 536,166 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Description Total Level 1 Level 2 Level 3 2016 Loans receivable $ 1,185 $ - $ - $ 1,185 Other real estate owned 654 - - 654 Total $ 1,839 $ - $ - $ 1,839 2015 Loans receivable $ 603 $ - $ - $ 603 Other real estate owned 1,250 - - 1,250 Total $ 1,853 $ - $ - $ 1,853 |
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | 2016 Estimated Valuation Unobservable Range Fair Value Techniques Inputs (Average) Impaired Loans $ 1,185 Evaluation of collateral Estimation of value NM* Other real estate owned $ 654 Appraisal Appraisal adjustment 6% - 8% (7%) 2015 Estimated Valuation Unobservable Range Fair Value Techniques Inputs (Average) Impaired Loans $ 603 Evaluation of collateral Estimation of value NM* Other real estate owned $ 1,250 Appraisal Appraisal adjustment 6% - 10% (8%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | 2016 2015 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and due from banks Level 1 $ 21,305 $ 21,305 $ 24,006 $ 24,006 Interest bearing deposits Level 1 25,999 25,999 26,993 26,993 Securities available-for-sale See previous table 517,579 517,579 537,633 537,633 Loans receivable, net Level 2 740,322 741,279 701,328 702,438 Loans held for sale Level 2 1,188 1,188 539 539 Accrued income receivable Level 1 8,371 8,371 7,566 7,566 Financial liabilities: Deposits Level 2 $ 1,061,809 $ 1,063,219 $ 1,074,193 $ 1,075,289 Securities sold under agreements to repurchase Level 1 49,858 49,858 54,290 54,290 FHLB advances Level 2 38,000 38,304 18,542 19,017 Other borrowings Level 2 13,000 13,510 13,000 13,807 Accrued interest payable Level 1 348 348 413 413 |
Note 6 - Debt and Equity Secu24
Note 6 - Debt and Equity Securities (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | 2016: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 1,454 $ 51 $ - $ 1,505 U.S. government agencies 105,400 2,865 (43 ) 108,222 U.S. government mortgage-backed securities 79,916 2,769 - 82,685 State and political subdivisions 261,981 4,823 (269 ) 266,535 Corporate bonds 53,566 1,163 (51 ) 54,678 Equity securities, other 3,954 - - 3,954 $ 506,271 $ 11,671 $ (363 ) $ 517,579 2015: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 1,444 $ 23 $ - $ 1,467 U.S. government agencies 105,948 797 (300 ) 106,445 U.S. government mortgage-backed securities 96,373 1,828 (123 ) 98,078 State and political subdivisions 273,771 4,359 (533 ) 277,597 Corporate bonds 51,414 227 (751 ) 50,890 Equity securities, other 3,156 - - 3,156 $ 532,106 $ 7,234 $ (1,707 ) $ 537,633 |
Realized Gain (Loss) on Investments [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Proceeds from sales of securities available-for-sale $ 5,852 $ 5,926 $ 18,738 $ 21,306 Gross realized gains on securities available-for-sale 66 126 303 623 Gross realized losses on securities available-for-sale (1 ) (14 ) (7 ) (14 ) Tax provision applicable to net realized gains on securities available-for-sale 29 42 110 227 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or More Total 2016: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government agencies $ 4,014 $ (43 ) $ - $ - $ 4,014 $ (43 ) State and political subdivisions 22,711 (262 ) 1,725 (7 ) 24,436 (269 ) Corporate bonds 2,106 (14 ) 3,275 (37 ) 5,381 (51 ) $ 28,831 $ (319 ) $ 5,000 $ (44 ) $ 33,831 $ (363 ) Less than 12 Months 12 Months or More Total 2015: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities available-for-sale: U.S. government agencies $ 30,245 $ (253 ) $ 3,121 $ (47 ) $ 33,366 $ (300 ) U.S. government mortgage-backed securities 22,842 (123 ) - - 22,842 (123 ) State and political subdivisions 38,202 (414 ) 11,096 (119 ) 49,298 (533 ) Corporate bonds 22,091 (249 ) 14,614 (502 ) 36,705 (751 ) $ 113,380 $ (1,039 ) $ 28,831 $ (668 ) $ 142,211 $ (1,707 ) |
Note 7 - Loans Receivable and25
Note 7 - Loans Receivable and Credit Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Three Months Ended September 30, 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2016 $ 758 $ 1,742 $ 3,890 $ 834 $ 1,439 $ 1,219 $ 253 $ 10,135 Provision (credit) for loan losses 121 32 (89 ) - 169 12 (10 ) 235 Recoveries of loans charged-off 15 1 - - 75 - 2 93 Loans charged-off - - - - (1 ) - (11 ) (12 ) Balance, September 30, 2016 $ 894 $ 1,775 $ 3,801 $ 834 $ 1,682 $ 1,231 $ 234 $ 10,451 Nine Months Ended September 30, 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2015 $ 999 $ 1,806 $ 3,557 $ 760 $ 1,371 $ 1,256 $ 239 $ 9,988 Provision (credit) for loan losses (135 ) (34 ) 244 74 308 (25 ) 9 441 Recoveries of loans charged-off 30 3 - - 81 - 7 121 Loans charged-off - - - - (78 ) - (21 ) (99 ) Balance, September 30, 2016 $ 894 $ 1,775 $ 3,801 $ 834 $ 1,682 $ 1,231 $ 234 $ 10,451 Three Months Ended September 30, 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2015 $ 823 $ 1,826 $ 3,590 $ 812 $ 1,263 $ 1,338 $ 220 $ 9,872 Provision for loan losses 130 (10 ) (129 ) (20 ) 97 (44 ) 14 38 Recoveries of loans charged-off 15 2 - - - - 16 33 Loans charged-off - (1 ) - - - - (15 ) (16 ) Balance, September 30, 2015 $ 968 $ 1,817 $ 3,461 $ 792 $ 1,360 $ 1,294 $ 235 $ 9,927 Nine Months Ended September 30, 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2014 $ 495 $ 1,648 $ 3,214 $ 737 $ 1,247 $ 1,312 $ 186 $ 8,839 Provision for loan losses 438 154 247 55 113 (18 ) 48 1,037 Recoveries of loans charged-off 35 22 - - - - 24 81 Loans charged-off - (7 ) - - - - (23 ) (30 ) Balance, September 30, 2015 $ 968 $ 1,817 $ 3,461 $ 792 $ 1,360 $ 1,294 $ 235 $ 9,927 |
Allowance for Loan Losses Disaggregated on Basis of Impairment Analysis Method [Table Text Block] | 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 140 $ - $ - $ 576 $ - $ - $ 716 Collectively evaluated for impairment 894 1,635 3,801 834 1,106 1,231 234 9,735 Balance September 30, 2016 $ 894 $ 1,775 $ 3,801 $ 834 $ 1,682 $ 1,231 $ 234 $ 10,451 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 273 $ 2 $ - $ 164 $ - $ - $ 439 Collectively evaluated for impairment 999 1,533 3,555 760 1,207 1,256 239 9,549 Balance December 31, 2015 $ 999 $ 1,806 $ 3,557 $ 760 $ 1,371 $ 1,256 $ 239 $ 9,988 |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 1,047 $ 431 $ - $ 1,406 $ 11 $ 85 $ 2,980 Collectively evaluated for impairment 58,639 148,950 302,608 69,824 71,039 75,850 20,988 747,898 Balance September 30, 2016 $ 58,639 $ 149,997 $ 303,039 $ 69,824 $ 72,445 $ 75,861 $ 21,073 $ 750,878 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 1,050 $ 558 $ - $ 197 $ 11 $ 2 $ 1,818 Collectively evaluated for impairment 66,268 126,026 251,331 62,530 102,318 79,522 21,597 709,592 Balance December 31, 2015 $ 66,268 $ 127,076 $ 251,889 $ 62,530 $ 102,515 $ 79,533 $ 21,599 $ 711,410 |
Impaired Financing Receivables [Table Text Block] | 2016 2015 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - $ 31 $ - Real estate - 1 to 4 family residential 428 447 - 296 304 - Real estate - commercial 431 1,044 - 456 1,030 - Real estate - agricultural - - - - - - Commercial 124 133 - 11 17 - Agricultural 11 13 - 11 13 - Consumer and other 85 88 - 2 2 - Total loans with no specific reserve: 1,079 1,725 - 776 1,397 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 619 766 140 754 891 273 Real estate - commercial - - - 102 111 2 Real estate - agricultural - - - - - - Commercial 1,282 1,283 576 186 262 164 Agricultural - - - - - - Consumer and other - - - - - - Total loans with specific reserve: 1,901 2,049 716 1,042 1,264 439 Total Real estate - construction - - - - 31 - Real estate - 1 to 4 family residential 1,047 1,213 140 1,050 1,195 273 Real estate - commercial 431 1,044 - 558 1,141 2 Real estate - agricultural - - - - - - Commercial 1,406 1,416 576 197 279 164 Agricultural 11 13 - 11 13 - Consumer and other 85 88 - 2 2 - $ 2,980 $ 3,774 $ 716 $ 1,818 $ 2,661 $ 439 |
Average Investment in Impaired Loans and Interest Income Recognized [Table Text Block] | Three Months Ended Septmber 30, 2016 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ 51 $ 62 Real estate - 1 to 4 family residential 481 - 250 - Real estate - commercial 450 - 525 - Real estate - agricultural - - - - Commercial 67 - 94 - Agricultural 11 - 11 - Consumer and other 88 6 4 - Total loans with no specific reserve: 1,097 6 935 62 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 626 - 761 - Real estate - commercial - - 129 - Real estate - agricultural - - - - Commercial 1,003 2 131 - Agricultural - - - - Consumer and other 1 - - - Total loans with specific reserve: 1,630 2 1,021 - Total Real estate - construction - - 51 62 Real estate - 1 to 4 family residential 1,107 - 1,011 - Real estate - commercial 450 - 654 - Real estate - agricultural - - - - Commercial 1,070 2 225 - Agricultural 11 - 11 - Consumer and other 89 6 4 - $ 2,727 $ 8 $ 1,956 $ 62 Nine Months Ended September 30, 2016 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ 31 $ 121 $ 129 Real estate - 1 to 4 family residential 438 1 161 - Real estate - commercial 465 22 579 23 Real estate - agricultural - - - - Commercial 39 - 276 3 Agricultural 11 - 13 - Consumer and other 66 6 5 2 Total loans with no specific reserve: 1,019 60 1,155 157 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 663 5 772 - Real estate - commercial 26 - 143 - Real estate - agricultural - - - - Commercial 732 2 106 - Agricultural - - - - Consumer and other 1 - - - Total loans with specific reserve: 1,422 7 1,021 - Total Real estate - construction - 31 121 129 Real estate - 1 to 4 family residential 1,101 6 933 - Real estate - commercial 491 22 722 23 Real estate - agricultural - - - - Commercial 771 2 382 3 Agricultural 11 - 13 - Consumer and other 67 6 5 2 $ 2,441 $ 67 $ 2,176 $ 157 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three Months Ended September 30, 2016 2015 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential - - - - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - - - - Agricultural - - - - - - Consumer and other - - - - - - - $ - $ - - $ - $ - Nine Months Ended September 30, 2016 2015 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential - - - - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial 3 702 705 - - - Agricultural - - - - - - Consumer and other 3 70 70 - - - 6 $ 772 $ 775 - $ - $ - |
Past Due Financing Receivables [Table Text Block] | 2016 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 64 $ - $ 64 $ 58,575 $ 58,639 $ - Real estate - 1 to 4 family residential 940 167 1,107 148,890 149,997 - Real estate - commercial 1,172 - 1,172 301,867 303,039 - Real estate - agricultural - - - 69,824 69,824 - Commercial 1,244 38 1,282 71,163 72,445 - Agricultural 69 - 69 75,792 75,861 - Consumer and other 30 16 46 21,027 21,073 - $ 3,519 $ 221 $ 3,740 $ 747,138 $ 750,878 $ - 2015 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ - $ - $ - $ 66,268 $ 66,268 $ - Real estate - 1 to 4 family residential 1,311 307 1,618 125,458 127,076 75 Real estate - commercial 1,356 - 1,356 250,533 251,889 - Real estate - agricultural - - - 62,530 62,530 - Commercial 266 204 470 102,045 102,515 - Agricultural - - - 79,533 79,533 - Consumer and other 79 - 79 21,520 21,599 - $ 3,012 $ 511 $ 3,523 $ 707,887 $ 711,410 $ 75 |
Financing Receivable Credit Quality Indicators [Table Text Block] | 2016 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 54,485 $ 276,012 $ 52,055 $ 54,718 $ 54,473 $ 491,743 Watch 3,055 20,084 11,669 15,095 20,751 70,654 Special Mention - 590 4,228 - 76 4,894 Substandard 1,099 5,922 1,872 1,225 550 10,668 Substandard-Impaired - 431 - 1,407 11 1,849 $ 58,639 $ 303,039 $ 69,824 $ 72,445 $ 75,861 $ 579,808 2015 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 60,700 $ 227,425 $ 55,503 $ 91,096 $ 71,457 $ 506,181 Watch 4,487 17,523 6,865 8,329 7,156 44,360 Special Mention - 388 - 224 81 693 Substandard 1,081 5,995 162 2,669 828 10,735 Substandard-Impaired - 558 - 197 11 766 $ 66,268 $ 251,889 $ 62,530 $ 102,515 $ 79,533 $ 562,735 |
Credit Risk Profile Based on Payment Activity on Disaggregated Basis [Table Text Block] | 2016 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 148,949 $ 20,988 $ 169,937 Non-performing 1,048 85 1,133 $ 149,997 $ 21,073 $ 171,070 2015 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 125,951 $ 21,597 $ 147,548 Non-performing 1,125 2 1,127 $ 127,076 $ 21,599 $ 148,675 |
Note 8 - Other Real Estate Ow26
Note 8 - Other Real Estate Owned (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Other Real Estate, Roll Forward [Table Text Block] | 2016 2015 Construction and land development $ 427 $ 739 1 to 4 family residential real estate 227 511 $ 654 $ 1,250 |
Note 10 - Core Deposit Intang27
Note 10 - Core Deposit Intangible Asset (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | 2016 2015 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 2,518 $ 1,482 $ 2,518 $ 1,209 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Beginning core deposit intangible, net $ 1,122 $ 1,507 $ 1,309 $ 1,730 Amortization (86 ) (103 ) (273 ) (326 ) Ending core deposit intangible, net $ 1,036 $ 1,404 $ 1,036 $ 1,404 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | 2016 $ 80 2017 298 2018 251 2019 128 2020 71 2021 71 After 137 $ 1,036 |
Note 11 - Secured Borrowings (T
Note 11 - Secured Borrowings (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block] | 2016 2015 Remaining Contractual Maturity of the Agreements Overnight Greater than Total Overnight Greater than Total 90 days 90 days Securities sold under agreements to repurchase: U.S. government treasuries $ 1,505 $ - $ 1,505 $ 1,467 $ - $ 1,467 U.S. government agencies 47,673 - 47,673 46,755 - 46,755 U.S. government mortgage-backed securities 33,214 - 33,214 41,657 - 41,657 Total $ 82,392 $ - $ 82,392 $ 89,879 $ - $ 89,879 Term repurchase agreements (Other borrowings): U.S. government agencies $ - $ 15,545 $ 15,545 $ - $ 12,503 $ 12,503 U.S. government mortgage-backed securities - 395 395 - 676 676 Total $ - $ 15,940 $ 15,940 $ - $ 13,179 $ 13,179 Total pledged collateral $ 82,392 $ 15,940 $ 98,332 $ 89,879 $ 13,179 $ 103,058 |
Note 12 - Regulatory Matters (T
Note 12 - Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes * Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2016: Total capital (to risk-weighted assets): Consolidated $ 167,797 17.4 % $ 83,363 8.625 % N/A N/A Boone Bank & Trust 14,975 17.0 7,602 8.625 $ 8,814 10.0 % First National Bank 77,382 15.2 43,894 8.625 50,891 10.0 Reliance State Bank 25,642 14.6 15,125 8.625 17,536 10.0 State Bank & Trust 20,119 17.0 10,182 8.625 11,805 10.0 United Bank & Trust 14,930 20.0 6,435 8.625 7,461 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 156,827 16.3 % $ 64,033 6.625 % N/A N/A Boone Bank & Trust 14,046 15.9 5,839 6.625 $ 7,051 8.0 % First National Bank 71,842 14.1 33,716 6.625 40,713 8.0 Reliance State Bank 23,692 13.5 11,617 6.625 14,029 8.0 State Bank & Trust 18,640 15.8 7,821 6.625 9,444 8.0 United Bank & Trust 14,163 19.0 4,943 6.625 5,969 8.0 Tier 1 capital (to average-weighted assets): Consolidated $ 156,827 12.0 % $ 52,374 4.000 % N/A N/A Boone Bank & Trust 14,046 10.5 5,372 4.000 $ 6,715 5.0 % First National Bank 71,842 10.1 28,566 4.000 35,707 5.0 Reliance State Bank 23,692 11.4 8,341 4.000 10,426 5.0 State Bank & Trust 18,640 12.2 6,122 4.000 7,653 5.0 United Bank & Trust 14,163 12.7 4,469 4.000 5,586 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 156,827 16.3 % $ 49,535 5.125 % N/A N/A Boone Bank & Trust 14,046 15.9 4,517 5.125 $ 5,729 6.5 % First National Bank 71,842 14.1 26,082 5.125 33,079 6.5 Reliance State Bank 23,692 13.5 8,987 5.125 11,398 6.5 State Bank & Trust 18,640 15.8 6,050 5.125 7,673 6.5 United Bank & Trust 14,163 19.0 3,824 5.125 4,850 6.5 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015: Total capital (to risk-weighted assets): Consolidated $ 157,926 16.6 % $ 76,179 8.0 % N/A N/A Boone Bank & Trust 14,525 15.5 7,477 8.0 $ 9,346 10.0 % First National Bank 74,210 15.3 38,859 8.0 48,574 10.0 Reliance State Bank 24,287 13.8 14,101 8.0 17,626 10.0 State Bank & Trust 19,658 16.2 9,729 8.0 12,161 10.0 United Bank & Trust 14,621 20.6 5,693 8.0 7,116 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 147,430 15.5 % $ 57,134 6.0 % N/A N/A Boone Bank & Trust 13,569 14.5 5,608 6.0 $ 7,477 8.0 % First National Bank 69,157 14.2 29,144 6.0 38,859 8.0 Reliance State Bank 22,491 12.8 10,575 6.0 14,101 8.0 State Bank & Trust 18,135 14.9 7,297 6.0 9,729 8.0 United Bank & Trust 13,858 19.5 4,269 6.0 5,693 8.0 Tier 1 capital (to average-weighted assets): Consolidated $ 147,430 11.3 % $ 52,657 4.0 % N/A N/A Boone Bank & Trust 13,569 9.8 5,557 4.0 $ 6,946 5.0 % First National Bank 69,157 9.9 27,970 4.0 34,963 5.0 Reliance State Bank 22,491 10.7 8,380 4.0 10,476 5.0 State Bank & Trust 18,135 11.5 6,332 4.0 7,915 5.0 United Bank & Trust 13,858 12.5 4,452 4.0 5,565 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 147,430 15.5 % $ 42,851 4.5 % N/A N/A Boone Bank & Trust 13,569 14.5 4,206 4.5 $ 6,075 6.5 % First National Bank 69,157 14.2 21,858 4.5 31,573 6.5 Reliance State Bank 22,491 12.8 7,932 4.5 11,457 6.5 State Bank & Trust 18,135 14.9 5,473 4.5 7,905 6.5 United Bank & Trust 13,858 19.5 3,202 4.5 4,625 6.5 |
Note 1 - Significant Accounti30
Note 1 - Significant Accounting Policies (Details Textual) | 9 Months Ended |
Sep. 30, 2016USD ($) | |
Goodwill, Impairment Loss | $ 0 |
Note 2 - Dividends (Details Tex
Note 2 - Dividends (Details Textual) - $ / shares | Aug. 10, 2016 | Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 |
Dividends Payable, Date Declared | Aug. 10, 2016 | ||||
Dividends Payable, Date to be Paid | Nov. 15, 2016 | ||||
Dividends Payable, Date of Record | Nov. 1, 2016 | ||||
Cash dividends declared, per share (in dollars per share) | $ 0.21 | $ 0.21 | $ 0.20 | $ 0.63 | $ 0.60 |
Note 3 - Earnings Per Share (De
Note 3 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 9,310,913 | 9,310,913 | 9,310,913 | 9,310,913 |
Weighted Average Number Diluted Shares Outstanding Adjustment | 0 | 0 | 0 | 0 |
Note 5 - Fair Value Measureme33
Note 5 - Fair Value Measurements (Details Textual) - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Real Estate Owned, Valuation Allowance | $ 426,000 | $ 681,000 |
Note 5 - Fair Value Measureme34
Note 5 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | $ 1,505,000 | $ 1,467,000 |
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | ||
Available for sale securities | 1,505,000 | 1,467,000 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 108,222,000 | 106,445,000 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 108,222,000 | 106,445,000 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 82,685,000 | 98,079,000 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 82,685,000 | 98,079,000 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 266,535,000 | 277,597,000 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 266,535,000 | 277,597,000 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 54,678,000 | 50,889,000 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available for sale securities | 54,678,000 | 50,889,000 |
Fair Value, Measurements, Recurring [Member] | Equity Securities, Other [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 3,954,000 | 3,156,000 |
Fair Value, Measurements, Recurring [Member] | Equity Securities, Other [Member] | ||
Available for sale securities | 3,954,000 | 3,156,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 1,505,000 | 1,467,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 516,074,000 | 536,166,000 |
Fair Value, Measurements, Recurring [Member] | ||
Available for sale securities | 517,579,000 | 537,633,000 |
US Treasury Securities [Member] | ||
Available for sale securities | 1,505,000 | 1,467,000 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 108,222,000 | 106,445,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 82,685,000 | 98,078,000 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 266,535,000 | 277,597,000 |
Corporate Debt Securities [Member] | ||
Available for sale securities | 54,678,000 | 50,890,000 |
Equity Securities, Other [Member] | ||
Available for sale securities | 3,954,000 | 3,156,000 |
Available for sale securities | $ 517,579,320 | $ 537,632,990 |
Note 5 - Fair Value Measureme35
Note 5 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 |
Fair Value, Inputs, Level 3 [Member] | ||
Loans receivable | $ 1,185 | $ 603 |
Other real estate owned | 654 | 1,250 |
Total | 1,839 | 1,853 |
Loans receivable | 1,185 | 603 |
Other real estate owned | 654 | 1,250 |
Total | $ 1,839 | $ 1,853 |
Note 5 - Fair Value Measureme36
Note 5 - Fair Value Measurements - Fair Value Quantitative Information (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2016 | Dec. 31, 2015 | ||
Impaired Loan [Member] | Evaluation of Collateral [Member] | |||
Total | $ 1,185 | $ 603 | |
Unobservable Inputs, Rate | [1] | ||
Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Minimum [Member] | |||
Unobservable Inputs, Rate | 6.00% | 6.00% | |
Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Maximum [Member] | |||
Unobservable Inputs, Rate | 8.00% | 10.00% | |
Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Weighted Average [Member] | |||
Unobservable Inputs, Rate | 7.00% | 8.00% | |
Other Real Estate Owned [Member] | Appraisal Valuation [Member] | |||
Total | $ 654 | $ 1,250 | |
[1] | Not Meaningful. Evaluations of the underlying assets are completed for each impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivables, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may be obtained. Types of discounts considered included aging of receivables, condition of the collateral, potential market for the collateral and estimated disposal costs. These discounts will vary from loan to loan, thus providing a range would not be meaningful. |
Note 5 - Fair Value Measureme37
Note 5 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | $ 21,305,000 | $ 24,006,000 |
Interest bearing deposits | 25,999,000 | 26,993,000 |
Accrued income receivable | 8,371,000 | 7,566,000 |
Securities sold under agreements to repurchase | 49,858,000 | 54,290,000 |
Accrued interest payable | 348,000 | 413,000 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Loans receivable | 740,322,000 | 701,328,000 |
Loans held for sale | 1,188,000 | 539,000 |
Deposits | 1,061,809,000 | 1,074,193,000 |
FHLB advances | 38,000,000 | 18,542,000 |
Other borrowings | 13,000,000 | 13,000,000 |
Reported Value Measurement [Member] | ||
Available for sale securities | 517,579,000 | 537,633,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 21,305,000 | 24,006,000 |
Interest bearing deposits | 25,999,000 | 26,993,000 |
Accrued income receivable | 8,371,000 | 7,566,000 |
Securities sold under agreements to repurchase | 49,858,000 | 54,290,000 |
Accrued interest payable | 348,000 | 413,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Loans receivable | 741,279,000 | 702,438,000 |
Loans held for sale | 1,188,000 | 539,000 |
Deposits | 1,063,219,000 | 1,075,289,000 |
FHLB advances | 38,304,000 | 19,017,000 |
Other borrowings | 13,510,000 | 13,807,000 |
Estimate of Fair Value Measurement [Member] | ||
Available for sale securities | 517,579,000 | 537,633,000 |
Available for sale securities | 517,579,320 | 537,632,990 |
Accrued income receivable | $ 8,370,918 | $ 7,565,791 |
Note 6 - Debt and Equity Secu38
Note 6 - Debt and Equity Securities (Details Textual) | 9 Months Ended |
Sep. 30, 2016USD ($) | |
Available-for-sale Securities, Gross Unrealized Loss | $ 363,000 |
Note 6 - Debt and Equity Secu39
Note 6 - Debt and Equity Securities - Securities Available-for-sale (Details) - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
US Treasury Securities [Member] | ||
Amortized cost | $ 1,454,000 | $ 1,444,000 |
Gross unrealized gains | 51,000 | 23,000 |
Estimated fair value | 1,505,000 | 1,467,000 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost | 105,400,000 | 105,948,000 |
Gross unrealized gains | 2,865,000 | 797,000 |
Estimated fair value | 108,222,000 | 106,445,000 |
Gross unrealized losses | (43,000) | (300,000) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 79,916,000 | 96,373,000 |
Gross unrealized gains | 2,769,000 | 1,828,000 |
Estimated fair value | 82,685,000 | 98,078,000 |
Gross unrealized losses | (123,000) | |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost | 261,981,000 | 273,771,000 |
Gross unrealized gains | 4,823,000 | 4,359,000 |
Estimated fair value | 266,535,000 | 277,597,000 |
Gross unrealized losses | (269,000) | (533,000) |
Corporate Debt Securities [Member] | ||
Amortized cost | 53,566,000 | 51,414,000 |
Gross unrealized gains | 1,163,000 | 227,000 |
Estimated fair value | 54,678,000 | 50,890,000 |
Gross unrealized losses | (51,000) | (751,000) |
Equity Securities, Other [Member] | ||
Amortized cost | 3,954,000 | 3,156,000 |
Estimated fair value | 3,954,000 | 3,156,000 |
Amortized cost | 506,271,000 | 532,106,000 |
Gross unrealized gains | 11,671,000 | 7,234,000 |
Estimated fair value | 517,579,320 | 537,632,990 |
Gross unrealized losses | $ (363,000) | $ (1,707,000) |
Note 6 - Debt and Equity Secu40
Note 6 - Debt and Equity Securities - Proceeds, Gains and Losses from Securities Available-for-sale (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Proceeds from sales of securities available-for-sale | $ 5,852 | $ 5,926 | $ 18,738 | $ 21,306 |
Gross realized gains on securities available-for-sale | 66 | 126 | 303 | 623 |
Gross realized losses on securities available-for-sale | (1) | (14) | (7) | (14) |
Tax provision applicable to net realized gains on securities available-for-sale | $ 29 | $ 42 | $ 110 | $ 227 |
Note 6 - Debt and Equity Secu41
Note 6 - Debt and Equity Securities - Securities Available-for-sale Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 |
US Government Agencies Debt Securities [Member] | ||
Less than 12 months, estimated fair value | $ 4,014 | $ 30,245 |
Less than 12 months, unrealized losses | (43) | (253) |
Total estimated fair value | 4,014 | 33,366 |
Total unrealized losses | (43) | (300) |
12 months or more, estimated fair value | 3,121 | |
12 months or more, unrealized losses | (47) | |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 22,711 | 38,202 |
Less than 12 months, unrealized losses | (262) | (414) |
Total estimated fair value | 24,436 | 49,298 |
Total unrealized losses | (269) | (533) |
12 months or more, estimated fair value | 1,725 | 11,096 |
12 months or more, unrealized losses | (7) | (119) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, estimated fair value | 22,842 | |
Less than 12 months, unrealized losses | (123) | |
Total estimated fair value | 22,842 | |
Total unrealized losses | (123) | |
Corporate Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 2,106 | 22,091 |
Less than 12 months, unrealized losses | (14) | (249) |
Total estimated fair value | 5,381 | 36,705 |
Total unrealized losses | (51) | (751) |
12 months or more, estimated fair value | 3,275 | 14,614 |
12 months or more, unrealized losses | (37) | (502) |
Less than 12 months, estimated fair value | 28,831 | 113,380 |
Less than 12 months, unrealized losses | (319) | (1,039) |
Total estimated fair value | 33,831 | 142,211 |
Total unrealized losses | (363) | (1,707) |
12 months or more, estimated fair value | 5,000 | 28,831 |
12 months or more, unrealized losses | $ (44) | $ (668) |
Note 7 - Loans Receivable and42
Note 7 - Loans Receivable and Credit Disclosures (Details Textual) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2016USD ($) | Sep. 30, 2015USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2015USD ($) | Dec. 31, 2015USD ($) | |
Number Of Restructured Loans Granting Concessions | 0 | 0 | 6 | 0 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 3 | 0 | |||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 | |||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 46,000 | $ 39,000 | 124,000 | $ 127,000 | |
Financing Receivable, Modifications, Recorded Investment | $ 1,388,000 | $ 1,388,000 | $ 780,000 | ||
Troubled Debt Restructuring, Loan Payment Default Period | 60 days |
Note 7 - Loans Receivable and43
Note 7 - Loans Receivable and Credit Disclosures - Activity in Allowance for Loan Losses (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Construction Real Estate [Member] | ||||
Balance | $ 758,000 | $ 823,000 | $ 999,000 | $ 495,000 |
Provision (credit) for loan losses | 121,000 | 130,000 | (135,000) | 438,000 |
Recoveries of loans charged-off | 15,000 | 15,000 | 30,000 | 35,000 |
Loans charged-off | ||||
Balance | 894,000 | 968,000 | 894,000 | 968,000 |
Family Residential Real Estate 1-4 [Member] | ||||
Balance | 1,742,000 | 1,826,000 | 1,806,000 | 1,648,000 |
Provision (credit) for loan losses | 32,000 | (10,000) | (34,000) | 154,000 |
Recoveries of loans charged-off | 1,000 | 2,000 | 3,000 | 22,000 |
Loans charged-off | (1,000) | (7,000) | ||
Balance | 1,775,000 | 1,817,000 | 1,775,000 | 1,817,000 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Balance | 3,890,000 | 3,590,000 | 3,557,000 | 3,214,000 |
Provision (credit) for loan losses | (89,000) | (129,000) | 244,000 | 247,000 |
Recoveries of loans charged-off | ||||
Loans charged-off | ||||
Balance | 3,801,000 | 3,461,000 | 3,801,000 | 3,461,000 |
Agriculture Real Estate [Member] | ||||
Balance | 834,000 | 812,000 | 760,000 | 737,000 |
Provision (credit) for loan losses | (20,000) | 74,000 | 55,000 | |
Recoveries of loans charged-off | ||||
Loans charged-off | ||||
Balance | 834,000 | 792,000 | 834,000 | 792,000 |
Commercial Portfolio Segment [Member] | ||||
Balance | 1,439,000 | 1,263,000 | 1,371,000 | 1,247,000 |
Provision (credit) for loan losses | 169,000 | 97,000 | 308,000 | 113,000 |
Recoveries of loans charged-off | 75,000 | 81,000 | ||
Loans charged-off | (1,000) | (78,000) | ||
Balance | 1,682,000 | 1,360,000 | 1,682,000 | 1,360,000 |
Agriculture [Member] | ||||
Balance | 1,219,000 | 1,338,000 | 1,256,000 | 1,312,000 |
Provision (credit) for loan losses | 12,000 | (44,000) | (25,000) | (18,000) |
Recoveries of loans charged-off | ||||
Loans charged-off | ||||
Balance | 1,231,000 | 1,294,000 | 1,231,000 | 1,294,000 |
Consumer and Other [Member] | ||||
Balance | 253,000 | 220,000 | 239,000 | 186,000 |
Provision (credit) for loan losses | (10,000) | 14,000 | 9,000 | 48,000 |
Recoveries of loans charged-off | 2,000 | 16,000 | 7,000 | 24,000 |
Loans charged-off | (11,000) | (15,000) | (21,000) | (23,000) |
Balance | 234,000 | 235,000 | 234,000 | 235,000 |
Balance | 10,135,000 | 9,872,000 | 9,988,000 | 8,839,000 |
Provision (credit) for loan losses | 234,703 | 37,797 | 440,787 | 1,036,610 |
Recoveries of loans charged-off | 93,000 | 33,000 | 121,000 | 81,000 |
Loans charged-off | (12,000) | (16,000) | (99,000) | (30,000) |
Balance | $ 10,451,000 | $ 9,927,000 | $ 10,451,000 | $ 9,927,000 |
Note 7 - Loans Receivable and44
Note 7 - Loans Receivable and Credit Disclosures - Allowance for Loan Losses Impairment Analysis (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 |
Construction Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 894 | 999 |
Balance | 894 | 999 |
Family Residential Real Estate 1-4 [Member] | ||
Individually evaluated for impairment | 140 | 273 |
Collectively evaluated for impairment | 1,635 | 1,533 |
Balance | 1,775 | 1,806 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for impairment | 2 | |
Collectively evaluated for impairment | 3,801 | 3,555 |
Balance | 3,801 | 3,557 |
Agriculture Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 834 | 760 |
Balance | 834 | 760 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for impairment | 576 | 164 |
Collectively evaluated for impairment | 1,106 | 1,207 |
Balance | 1,682 | 1,371 |
Agriculture [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 1,231 | 1,256 |
Balance | 1,231 | 1,256 |
Consumer and Other [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 234 | 239 |
Balance | 234 | 239 |
Individually evaluated for impairment | 716 | 439 |
Collectively evaluated for impairment | 9,735 | 9,549 |
Balance | $ 10,451 | $ 9,988 |
Note 7 - Loans Receivable and45
Note 7 - Loans Receivable and Credit Disclosures - Loans Receivable Impairment Analysis (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 |
Construction Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 58,639 | 66,268 |
Balance | 58,639 | 66,268 |
Family Residential Real Estate 1-4 [Member] | ||
Individually evaluated for impairment | 1,047 | 1,050 |
Collectively evaluated for impairment | 148,950 | 126,026 |
Balance | 149,997 | 127,076 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for impairment | 431 | 558 |
Collectively evaluated for impairment | 302,608 | 251,331 |
Balance | 303,039 | 251,889 |
Agriculture Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 69,824 | 62,530 |
Balance | 69,824 | 62,530 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for impairment | 1,406 | 197 |
Collectively evaluated for impairment | 71,039 | 102,318 |
Balance | 72,445 | 102,515 |
Agriculture [Member] | ||
Individually evaluated for impairment | 11 | 11 |
Collectively evaluated for impairment | 75,850 | 79,522 |
Balance | 75,861 | 79,533 |
Consumer and Other [Member] | ||
Individually evaluated for impairment | 85 | 2 |
Collectively evaluated for impairment | 20,988 | 21,597 |
Balance | 21,073 | 21,599 |
Individually evaluated for impairment | 2,980 | 1,818 |
Collectively evaluated for impairment | 747,898 | 709,592 |
Balance | $ 750,878 | $ 711,410 |
Note 7 - Loans Receivable and46
Note 7 - Loans Receivable and Credit Disclosures - Impaired Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 |
Construction Real Estate [Member] | ||
Impaired financing receivable with no related allowance | ||
Impaired financing receivable with no related allowance, unpaid principal balance | 31 | |
Impaired financing receivable with related allowance | ||
Impaired financing receivable with related allowance, unpaid principal balance | ||
Impaired financing receivable, related allowance | ||
Impaired financing receivable, recorded investment | ||
Impaired financing receivable, unpaid principal balance | 31 | |
Family Residential Real Estate 1-4 [Member] | ||
Impaired financing receivable with no related allowance | 428 | 296 |
Impaired financing receivable with no related allowance, unpaid principal balance | 447 | 304 |
Impaired financing receivable with related allowance | 619 | 754 |
Impaired financing receivable with related allowance, unpaid principal balance | 766 | 891 |
Impaired financing receivable, related allowance | 140 | 273 |
Impaired financing receivable, recorded investment | 1,047 | 1,050 |
Impaired financing receivable, unpaid principal balance | 1,213 | 1,195 |
Commercial Real Estate Portfolio Segment [Member] | ||
Impaired financing receivable with no related allowance | 431 | 456 |
Impaired financing receivable with no related allowance, unpaid principal balance | 1,044 | 1,030 |
Impaired financing receivable with related allowance | 102 | |
Impaired financing receivable with related allowance, unpaid principal balance | 111 | |
Impaired financing receivable, related allowance | 2 | |
Impaired financing receivable, recorded investment | 431 | 558 |
Impaired financing receivable, unpaid principal balance | 1,044 | 1,141 |
Agriculture Real Estate [Member] | ||
Impaired financing receivable with no related allowance | ||
Impaired financing receivable with no related allowance, unpaid principal balance | ||
Impaired financing receivable with related allowance | ||
Impaired financing receivable with related allowance, unpaid principal balance | ||
Impaired financing receivable, related allowance | ||
Impaired financing receivable, recorded investment | ||
Impaired financing receivable, unpaid principal balance | ||
Commercial Portfolio Segment [Member] | ||
Impaired financing receivable with no related allowance | 124 | 11 |
Impaired financing receivable with no related allowance, unpaid principal balance | 133 | 17 |
Impaired financing receivable with related allowance | 1,282 | 186 |
Impaired financing receivable with related allowance, unpaid principal balance | 1,283 | 262 |
Impaired financing receivable, related allowance | 576 | 164 |
Impaired financing receivable, recorded investment | 1,406 | 197 |
Impaired financing receivable, unpaid principal balance | 1,416 | 279 |
Agriculture [Member] | ||
Impaired financing receivable with no related allowance | 11 | 11 |
Impaired financing receivable with no related allowance, unpaid principal balance | 13 | 13 |
Impaired financing receivable with related allowance | ||
Impaired financing receivable with related allowance, unpaid principal balance | ||
Impaired financing receivable, related allowance | ||
Impaired financing receivable, recorded investment | 11 | 11 |
Impaired financing receivable, unpaid principal balance | 13 | 13 |
Consumer and Other [Member] | ||
Impaired financing receivable with no related allowance | 85 | 2 |
Impaired financing receivable with no related allowance, unpaid principal balance | 88 | 2 |
Impaired financing receivable with related allowance | ||
Impaired financing receivable with related allowance, unpaid principal balance | ||
Impaired financing receivable, related allowance | ||
Impaired financing receivable, recorded investment | 85 | 2 |
Impaired financing receivable, unpaid principal balance | 88 | 2 |
Impaired financing receivable with no related allowance | 1,079 | 776 |
Impaired financing receivable with no related allowance, unpaid principal balance | 1,725 | 1,397 |
Impaired financing receivable with related allowance | 1,901 | 1,042 |
Impaired financing receivable with related allowance, unpaid principal balance | 2,049 | 1,264 |
Impaired financing receivable, related allowance | 716 | 439 |
Impaired financing receivable, recorded investment | 2,980 | 1,818 |
Impaired financing receivable, unpaid principal balance | $ 3,774 | $ 2,661 |
Note 7 - Loans Receivable and47
Note 7 - Loans Receivable and Credit Disclosures - Average Recorded Investment and Interest Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Construction Real Estate [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | $ 51 | $ 121 | ||
Impaired financing receivable, with no related allowance, interest income, accrual method | 62 | $ 31 | 129 | |
Impaired financing receivable, interest income, accrual method | 62 | 31 | 129 | |
Impaired financing receivable, average recorded investment | 51 | 121 | ||
Family Residential Real Estate 1-4 [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 481 | 250 | 438 | 161 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 1 | |||
Impaired financing receivable, with related allowance, average recorded investment | 626 | 761 | 663 | 772 |
Impaired financing receivable, with related allowance, interest income, accrual method | 5 | |||
Impaired financing receivable, interest income, accrual method | 6 | |||
Impaired financing receivable, average recorded investment | 1,107 | 1,011 | 1,101 | 933 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 450 | 525 | 465 | 579 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 22 | 23 | ||
Impaired financing receivable, with related allowance, average recorded investment | 129 | 26 | 143 | |
Impaired financing receivable, interest income, accrual method | 22 | 23 | ||
Impaired financing receivable, average recorded investment | 450 | 654 | 491 | 722 |
Commercial Portfolio Segment [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 67 | 94 | 39 | 276 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 3 | |||
Impaired financing receivable, with related allowance, average recorded investment | 1,003 | 131 | 732 | 106 |
Impaired financing receivable, with related allowance, interest income, accrual method | 2 | 2 | ||
Impaired financing receivable, interest income, accrual method | 2 | 2 | 3 | |
Impaired financing receivable, average recorded investment | 1,070 | 225 | 771 | 382 |
Agriculture [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 11 | 11 | 11 | 13 |
Impaired financing receivable, average recorded investment | 11 | 11 | 11 | 13 |
Consumer and Other [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 88 | 4 | 66 | 5 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 6 | 6 | 2 | |
Impaired financing receivable, with related allowance, average recorded investment | 1 | 1 | ||
Impaired financing receivable, interest income, accrual method | 6 | 6 | 2 | |
Impaired financing receivable, average recorded investment | 89 | 4 | 67 | 5 |
Impaired financing receivable, with no related allowance, average recorded investment | 1,097 | 935 | 1,019 | 1,155 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 6 | 62 | 60 | 157 |
Impaired financing receivable, with related allowance, average recorded investment | 1,630 | 1,021 | 1,422 | 1,021 |
Impaired financing receivable, with related allowance, interest income, accrual method | 2 | 7 | ||
Impaired financing receivable, interest income, accrual method | 8 | 62 | 67 | 157 |
Impaired financing receivable, average recorded investment | $ 2,727 | $ 1,956 | $ 2,441 | $ 2,176 |
Note 7 - Loans Receivable and48
Note 7 - Loans Receivable and Credit Disclosures - Troubled Debt Restructurings (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2016USD ($) | |
Commercial Portfolio Segment [Member] | |
Financing receivable modifications, number of contracts | 3 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 702 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 705 |
Consumer and Other [Member] | |
Financing receivable modifications, number of contracts | 3 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 70 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 70 |
Financing receivable modifications, number of contracts | 6 |
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 772 |
Financing receivable modifications, post modification outstanding, recorded investment | $ 775 |
Note 7 - Loans Receivable and49
Note 7 - Loans Receivable and Credit Disclosures - Past Due Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 |
Financing Receivables 30 to 89 Days Past Due [Member] | Construction Real Estate [Member] | ||
Financing receivable, recorded investment, past due | $ 64 | |
Financing Receivables 30 to 89 Days Past Due [Member] | Family Residential Real Estate 1-4 [Member] | ||
Financing receivable, recorded investment, past due | 940 | $ 1,311 |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 1,172 | 1,356 |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 1,244 | 266 |
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 69 | |
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | 30 | 79 |
Financing Receivables 30 to 89 Days Past Due [Member] | ||
Financing receivable, recorded investment, past due | 3,519 | 3,012 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Family Residential Real Estate 1-4 [Member] | ||
Financing receivable, recorded investment, past due | 167 | 307 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 38 | 204 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | 16 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing receivable, recorded investment, past due | 221 | 511 |
Construction Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 64 | |
Financing receivable, recorded investment, current | 58,575 | 66,268 |
Balance | 58,639 | 66,268 |
Family Residential Real Estate 1-4 [Member] | ||
Financing receivable, recorded investment, past due | 1,107 | 1,618 |
Financing receivable, recorded investment, current | 148,890 | 125,458 |
Balance | 149,997 | 127,076 |
Financing receivable, recorded investment, 90 days past due and still accruing | 75 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 1,172 | 1,356 |
Financing receivable, recorded investment, current | 301,867 | 250,533 |
Balance | 303,039 | 251,889 |
Agriculture Real Estate [Member] | ||
Financing receivable, recorded investment, current | 69,824 | 62,530 |
Balance | 69,824 | 62,530 |
Commercial Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 1,282 | 470 |
Financing receivable, recorded investment, current | 71,163 | 102,045 |
Balance | 72,445 | 102,515 |
Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 69 | |
Financing receivable, recorded investment, current | 75,792 | 79,533 |
Balance | 75,861 | 79,533 |
Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | 46 | 79 |
Financing receivable, recorded investment, current | 21,027 | 21,520 |
Balance | 21,073 | 21,599 |
Financing receivable, recorded investment, past due | 3,740 | 3,523 |
Financing receivable, recorded investment, current | 747,138 | 707,887 |
Balance | $ 750,878 | 711,410 |
Financing receivable, recorded investment, 90 days past due and still accruing | $ 75 |
Note 7 - Loans Receivable and50
Note 7 - Loans Receivable and Credit Disclosures - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 |
Construction Real Estate [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | $ 54,485 | $ 60,700 |
Construction Real Estate [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 3,055 | 4,487 |
Construction Real Estate [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 1,099 | 1,081 |
Construction Real Estate [Member] | ||
Loan and lease receivable other than consumer and residential | 58,639 | 66,268 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 276,012 | 227,425 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 20,084 | 17,523 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 590 | 388 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 5,922 | 5,995 |
Commercial Real Estate Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 431 | 558 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loan and lease receivable other than consumer and residential | 303,039 | 251,889 |
Agriculture Real Estate [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 52,055 | 55,503 |
Agriculture Real Estate [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 11,669 | 6,865 |
Agriculture Real Estate [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 4,228 | |
Agriculture Real Estate [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 1,872 | 162 |
Agriculture Real Estate [Member] | ||
Loan and lease receivable other than consumer and residential | 69,824 | 62,530 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 54,718 | 91,096 |
Commercial Portfolio Segment [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 15,095 | 8,329 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 224 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 1,225 | 2,669 |
Commercial Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 1,407 | 197 |
Commercial Portfolio Segment [Member] | ||
Loan and lease receivable other than consumer and residential | 72,445 | 102,515 |
Agriculture [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 54,473 | 71,457 |
Agriculture [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 20,751 | 7,156 |
Agriculture [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 76 | 81 |
Agriculture [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 550 | 828 |
Agriculture [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 11 | 11 |
Agriculture [Member] | ||
Loan and lease receivable other than consumer and residential | 75,861 | 79,533 |
Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 491,743 | 506,181 |
Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 70,654 | 44,360 |
Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 4,894 | 693 |
Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 10,668 | 10,735 |
Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 1,849 | 766 |
Loan and lease receivable other than consumer and residential | $ 579,808 | $ 562,735 |
Note 7 - Loans Receivable and51
Note 7 - Loans Receivable and Credit Disclosures - Credit Risk Profile Based on Payment Activity (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 |
Family Residential Real Estate 1-4 [Member] | Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | $ 148,949 | $ 125,951 |
Family Residential Real Estate 1-4 [Member] | Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 1,048 | 1,125 |
Family Residential Real Estate 1-4 [Member] | ||
Loan and lease receivable, consumer and residential | 149,997 | 127,076 |
Consumer and Other [Member] | Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 20,988 | 21,597 |
Consumer and Other [Member] | Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 85 | 2 |
Consumer and Other [Member] | ||
Loan and lease receivable, consumer and residential | 21,073 | 21,599 |
Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 169,937 | 147,548 |
Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 1,133 | 1,127 |
Loan and lease receivable, consumer and residential | $ 171,070 | $ 148,675 |
Note 8 - Other Real Estate Ow52
Note 8 - Other Real Estate Owned - Components of Other Real Estate Owned (Details) - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Construction and Land Development [Member] | ||
Other real estate | $ 427,000 | $ 739,000 |
One to Four Family Residential Real Estate [Member] | ||
Other real estate | 227,000 | 511,000 |
Other real estate | $ 653,684 | $ 1,249,915 |
Note 9 - Goodwill (Details Text
Note 9 - Goodwill (Details Textual) | 9 Months Ended |
Sep. 30, 2016 | |
Finite Tax Lived Intangible Asset, Useful Life | 15 years |
Note 10 - Core Deposit Intang54
Note 10 - Core Deposit Intangible Asset (Details Textual) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Core Deposits [Member] | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 3 years | 3 years |
Note 10 - Core Deposit Intang55
Note 10 - Core Deposit Intangible Asset - Core Deposit Intangible Assets (Details) - Core Deposits [Member] - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 |
Core deposit intangible asset, gross amount | $ 2,518 | $ 2,518 |
Core deposit intangible asset, accumulated amortization | $ 1,482 | $ 1,209 |
Note 10 - Core Deposit Intang56
Note 10 - Core Deposit Intangible Asset - Core Deposit Intangible Assets Activity (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Core Deposits [Member] | ||||
Beginning core deposit intangible, net | $ 1,122,000 | $ 1,507,000 | $ 1,309,000 | $ 1,730,000 |
Amortization | (86,000) | (103,000) | (273,000) | (326,000) |
Ending core deposit intangible, net | 1,036,000 | 1,404,000 | 1,036,000 | 1,404,000 |
Beginning core deposit intangible, net | 1,308,731 | |||
Amortization | (86,492) | $ (103,251) | (273,206) | $ (326,249) |
Ending core deposit intangible, net | $ 1,035,525 | $ 1,035,525 |
Note 10 - Core Deposit Intang57
Note 10 - Core Deposit Intangible Asset - Estimated Remaining Amortization Expense on Core Deposits (Details) - USD ($) | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Dec. 31, 2014 |
Core Deposits [Member] | ||||||
2,016 | $ 80,000 | |||||
2,017 | 298,000 | |||||
2,018 | 251,000 | |||||
2,019 | 128,000 | |||||
2,020 | 71,000 | |||||
2,021 | 71,000 | |||||
After | 137,000 | |||||
1,036,000 | $ 1,122,000 | $ 1,309,000 | $ 1,404,000 | $ 1,507,000 | $ 1,730,000 | |
$ 1,035,525 | $ 1,308,731 |
Note 11 - Secured Borrowings -
Note 11 - Secured Borrowings - Pledged Collateral at Estimated Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 |
Maturity Overnight [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | US Treasury and Government [Member] | ||
Securities sold under agreements to repurchase | $ 1,505 | $ 1,467 |
Maturity Overnight [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | US Government Agencies Debt Securities [Member] | ||
Securities sold under agreements to repurchase | 47,673 | 46,755 |
Maturity Overnight [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities sold under agreements to repurchase | 33,214 | 41,657 |
Maturity Overnight [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 82,392 | 89,879 |
Maturity Overnight [Member] | ||
Securities sold under agreements to repurchase | 82,392 | 89,879 |
Maturity Greater than 90 Days [Member] | Collateral Related to Term Repurchase Agreements [Member] | US Government Agencies Debt Securities [Member] | ||
Securities sold under agreements to repurchase | 15,545 | 12,503 |
Maturity Greater than 90 Days [Member] | Collateral Related to Term Repurchase Agreements [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities sold under agreements to repurchase | 395 | 676 |
Maturity Greater than 90 Days [Member] | Collateral Related to Term Repurchase Agreements [Member] | ||
Securities sold under agreements to repurchase | 15,940 | 13,179 |
Maturity Greater than 90 Days [Member] | ||
Securities sold under agreements to repurchase | 15,940 | 13,179 |
Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | US Treasury and Government [Member] | ||
Securities sold under agreements to repurchase | 1,505 | 1,467 |
Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | US Government Agencies Debt Securities [Member] | ||
Securities sold under agreements to repurchase | 47,673 | 46,755 |
Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities sold under agreements to repurchase | 33,214 | 41,657 |
Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 82,392 | 89,879 |
Collateral Related to Term Repurchase Agreements [Member] | US Government Agencies Debt Securities [Member] | ||
Securities sold under agreements to repurchase | 15,545 | 12,503 |
Collateral Related to Term Repurchase Agreements [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities sold under agreements to repurchase | 395 | 676 |
Collateral Related to Term Repurchase Agreements [Member] | ||
Securities sold under agreements to repurchase | 15,940 | 13,179 |
Securities sold under agreements to repurchase | $ 98,332 | $ 103,058 |
Note 12 - Regulatory Matters (D
Note 12 - Regulatory Matters (Details Textual) | Sep. 30, 2016 |
Effective January 2019 [Member] | |
Common Equity Tier One Capital Conservation Buffer | 2.50% |
Tier One Risk Based Capital Conservation Buffer Required for Capital Adequacy to Risk Weighted Assets | 0.625% |
Common Equity Tier One Risk Based Capital Conservation Buffer Required for Capital Adequacy to Risk Weighted Assets | 0.625% |
Capital Conservation Buffer to Risk Weighted Assets | 0.625% |
Note 12 - Regulatory Matters -
Note 12 - Regulatory Matters - Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015 | |
Boone Bank and Trust [Member] | |||
Capital | $ 14,975 | $ 14,525 | |
Capital to risk weighted assets | 17.00% | 15.50% | |
Capital required for capital adequacy | $ 7,602 | [1] | $ 7,477 |
Capital required for capital adequacy to risk weighted assets | 8.625% | [1] | 8.00% |
Capital required to be well capitalized | $ 8,814 | $ 9,346 | |
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | |
Tier one risk based capital | $ 14,046 | $ 13,569 | |
Tier one risk based capital to risk weighted assets | 15.90% | 14.50% | |
Tier one risk based capital required for capital adequacy | $ 5,839 | [1] | $ 5,608 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 6.625% | [1] | 6.00% |
Tier one risk based capital required to be well capitalized | $ 7,051 | $ 7,477 | |
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | |
Tier one leverage capital | $ 14,046 | $ 13,569 | |
Tier one leverage capital to average assets | 10.50% | 9.80% | |
Tier one leverage capital required for capital adequacy | $ 5,372 | [1] | $ 5,557 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | [1] | 4.00% |
Tier one leverage capital required to be well capitalized | $ 6,715 | $ 6,946 | |
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | |
Common equity tier one capital | $ 14,046 | $ 13,569 | |
Common equity tier one risk based capital to risk weighted assets | 15.90% | 14.50% | |
Common equity tier one capital required for capital adequacy | $ 4,517 | [1] | $ 4,206 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 5.125% | [1] | 4.50% |
Common equity tier one capital required to be well capitalized | $ 5,729 | $ 6,075 | |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | |
First National Bank [Member] | Also Conducts Business Out of 3 Full Service Offices in Des Moines Metro Area [Member] | |||
Capital | $ 77,382 | $ 74,210 | |
Capital to risk weighted assets | 15.20% | 15.30% | |
Capital required for capital adequacy | $ 43,894 | [1] | $ 38,859 |
Capital required for capital adequacy to risk weighted assets | 8.625% | [1] | 8.00% |
Capital required to be well capitalized | $ 50,891 | $ 48,574 | |
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | |
Tier one risk based capital | $ 71,842 | $ 69,157 | |
Tier one risk based capital to risk weighted assets | 14.10% | 14.20% | |
Tier one risk based capital required for capital adequacy | $ 33,716 | [1] | $ 29,144 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 6.625% | [1] | 6.00% |
Tier one risk based capital required to be well capitalized | $ 40,713 | $ 38,859 | |
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | |
Tier one leverage capital | $ 71,842 | $ 69,157 | |
Tier one leverage capital to average assets | 10.10% | 9.90% | |
Tier one leverage capital required for capital adequacy | $ 28,566 | [1] | $ 27,970 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | [1] | 4.00% |
Tier one leverage capital required to be well capitalized | $ 35,707 | $ 34,963 | |
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | |
Common equity tier one capital | $ 71,842 | $ 69,157 | |
Common equity tier one risk based capital to risk weighted assets | 14.10% | 14.20% | |
Common equity tier one capital required for capital adequacy | $ 26,082 | [1] | $ 21,858 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 5.125% | [1] | 4.50% |
Common equity tier one capital required to be well capitalized | $ 33,079 | $ 31,573 | |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | |
Reliance State Bank [Member] | Conducts Business Out of Offices at Story City, Garner, and Kleme, Iowa [Member] | |||
Capital | $ 25,642 | $ 24,287 | |
Capital to risk weighted assets | 14.60% | 13.80% | |
Capital required for capital adequacy | $ 15,125 | [1] | $ 14,101 |
Capital required for capital adequacy to risk weighted assets | 8.625% | [1] | 8.00% |
Capital required to be well capitalized | $ 17,536 | $ 17,626 | |
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | |
Tier one risk based capital | $ 23,692 | $ 22,491 | |
Tier one risk based capital to risk weighted assets | 13.50% | 12.80% | |
Tier one risk based capital required for capital adequacy | $ 11,617 | [1] | $ 10,575 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 6.625% | [1] | 6.00% |
Tier one risk based capital required to be well capitalized | $ 14,029 | $ 14,101 | |
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | |
Tier one leverage capital | $ 23,692 | $ 22,491 | |
Tier one leverage capital to average assets | 11.40% | 10.70% | |
Tier one leverage capital required for capital adequacy | $ 8,341 | [1] | $ 8,380 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | [1] | 4.00% |
Tier one leverage capital required to be well capitalized | $ 10,426 | $ 10,476 | |
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | |
Common equity tier one capital | $ 23,692 | $ 22,491 | |
Common equity tier one risk based capital to risk weighted assets | 13.50% | 12.80% | |
Common equity tier one capital required for capital adequacy | $ 8,987 | [1] | $ 7,932 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 5.125% | [1] | 4.50% |
Common equity tier one capital required to be well capitalized | $ 11,398 | $ 11,457 | |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | |
State Bank and Trust [Member] | |||
Capital | $ 20,119 | $ 19,658 | |
Capital to risk weighted assets | 17.00% | 16.20% | |
Capital required for capital adequacy | $ 10,182 | [1] | $ 9,729 |
Capital required for capital adequacy to risk weighted assets | 8.625% | [1] | 8.00% |
Capital required to be well capitalized | $ 11,805 | $ 12,161 | |
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | |
Tier one risk based capital | $ 18,640 | $ 18,135 | |
Tier one risk based capital to risk weighted assets | 15.80% | 14.90% | |
Tier one risk based capital required for capital adequacy | $ 7,821 | [1] | $ 7,297 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 6.625% | [1] | 6.00% |
Tier one risk based capital required to be well capitalized | $ 9,444 | $ 9,729 | |
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | |
Tier one leverage capital | $ 18,640 | $ 18,135 | |
Tier one leverage capital to average assets | 12.20% | 11.50% | |
Tier one leverage capital required for capital adequacy | $ 6,122 | [1] | $ 6,332 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | [1] | 4.00% |
Tier one leverage capital required to be well capitalized | $ 7,653 | $ 7,915 | |
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | |
Common equity tier one capital | $ 18,640 | $ 18,135 | |
Common equity tier one risk based capital to risk weighted assets | 15.80% | 14.90% | |
Common equity tier one capital required for capital adequacy | $ 6,050 | [1] | $ 5,473 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 5.125% | [1] | 4.50% |
Common equity tier one capital required to be well capitalized | $ 7,673 | $ 7,905 | |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | |
United Bank and Trust [Member] | |||
Capital | $ 14,930 | $ 14,621 | |
Capital to risk weighted assets | 20.00% | 20.60% | |
Capital required for capital adequacy | $ 6,435 | [1] | $ 5,693 |
Capital required for capital adequacy to risk weighted assets | 8.625% | [1] | 8.00% |
Capital required to be well capitalized | $ 7,461 | $ 7,116 | |
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | |
Tier one risk based capital | $ 14,163 | $ 13,858 | |
Tier one risk based capital to risk weighted assets | 19.00% | 19.50% | |
Tier one risk based capital required for capital adequacy | $ 4,943 | [1] | $ 4,269 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 6.625% | [1] | 6.00% |
Tier one risk based capital required to be well capitalized | $ 5,969 | $ 5,693 | |
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | |
Tier one leverage capital | $ 14,163 | $ 13,858 | |
Tier one leverage capital to average assets | 12.70% | 12.50% | |
Tier one leverage capital required for capital adequacy | $ 4,469 | [1] | $ 4,452 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | [1] | 4.00% |
Tier one leverage capital required to be well capitalized | $ 5,586 | $ 5,565 | |
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | |
Common equity tier one capital | $ 14,163 | $ 13,858 | |
Common equity tier one risk based capital to risk weighted assets | 19.00% | 19.50% | |
Common equity tier one capital required for capital adequacy | $ 3,824 | [1] | $ 3,202 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 5.125% | [1] | 4.50% |
Common equity tier one capital required to be well capitalized | $ 4,850 | $ 4,625 | |
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | |
Capital | $ 167,797 | $ 157,926 | |
Capital to risk weighted assets | 17.40% | 16.60% | |
Capital required for capital adequacy | $ 83,363 | [1] | $ 76,179 |
Capital required for capital adequacy to risk weighted assets | 8.625% | [1] | 8.00% |
Tier one risk based capital | $ 156,827 | $ 147,430 | |
Tier one risk based capital to risk weighted assets | 16.30% | 15.50% | |
Tier one risk based capital required for capital adequacy | $ 64,033 | [1] | $ 57,134 |
Tier one risk based capital required for capital adequacy to risk weighted assets | 6.625% | [1] | 6.00% |
Tier one leverage capital | $ 156,827 | $ 147,430 | |
Tier one leverage capital to average assets | 12.00% | 11.30% | |
Tier one leverage capital required for capital adequacy | $ 52,374 | [1] | $ 52,657 |
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | [1] | 4.00% |
Common equity tier one capital | $ 156,827 | $ 147,430 | |
Common equity tier one risk based capital to risk weighted assets | 16.30% | 15.50% | |
Common equity tier one capital required for capital adequacy | $ 49,535 | [1] | $ 42,851 |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 5.125% | [1] | 4.50% |
[1] | These ratios for September 30, 2016 include a capital conservation buffer of 0.625%, except for the Tier 1 capital to average weighted assets ratios. |