Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | Apr. 30, 2018 | |
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 | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 22,484,501 | $ 26,397,550 |
Interest bearing deposits in financial institutions | 68,832,839 | 43,021,953 |
Securities available-for-sale | 489,091,103 | 495,321,664 |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | 2,557,400 | 3,021,200 |
Loans receivable, net | 772,494,978 | 771,549,655 |
Loans held for sale | 148,906 | |
Bank premises and equipment, net | 15,348,582 | 15,399,146 |
Accrued income receivable | 7,730,256 | 8,382,391 |
Other real estate owned | 385,509 | 385,509 |
Deferred income taxes, net | 3,849,437 | 2,542,533 |
Intangible assets, net | 1,018,887 | 1,091,462 |
Goodwill | 6,732,216 | 6,732,216 |
Other assets | 1,104,703 | 1,214,371 |
Total assets | 1,391,779,317 | 1,375,059,650 |
LIABILITIES | ||
Demand, noninterest bearing | 217,191,985 | 227,332,347 |
NOW accounts | 357,058,832 | 322,392,945 |
Savings and money market | 401,030,635 | 389,630,180 |
Time, $250,000 and over | 38,904,107 | 38,838,782 |
Other time | 156,237,985 | 156,196,433 |
Total deposits | 1,170,423,544 | 1,134,390,687 |
Securities sold under agreements to repurchase | 36,534,018 | 37,424,619 |
Federal Home Loan Bank (FHLB) advances | 2,000,000 | 13,500,000 |
Other borrowings | 7,000,000 | 13,000,000 |
Dividends payable | 4,469,238 | 2,048,401 |
Accrued expenses and other liabilities | 4,806,299 | 3,942,801 |
Total liabilities | 1,225,233,099 | 1,204,306,508 |
STOCKHOLDERS' EQUITY | ||
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 9,310,913 shares as of March 31, 2018 and December 31, 2017 | 18,621,826 | 18,621,826 |
Additional paid-in capital | 20,878,728 | 20,878,728 |
Retained earnings | 131,335,175 | 131,684,961 |
Accumulated other comprehensive (loss) - net unrealized (loss) on securities available-for-sale | (4,289,511) | (432,373) |
Total stockholders' equity | 166,546,218 | 170,753,142 |
Total liabilities and stockholders' equity | $ 1,391,779,317 | $ 1,375,059,650 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2018 | Dec. 31, 2017 |
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 | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Interest income: | ||
Loans, including fees | $ 8,888,855 | $ 8,115,685 |
Securities: | ||
Taxable | 1,556,838 | 1,512,919 |
Tax-exempt | 1,186,346 | 1,318,062 |
Interest bearing deposits and federal funds sold | 165,319 | 137,173 |
Total interest income | 11,797,358 | 11,083,839 |
Interest expense: | ||
Deposits | 1,362,481 | 921,430 |
Other borrowed funds | 248,390 | 279,401 |
Total interest expense | 1,610,871 | 1,200,831 |
Net interest income | 10,186,487 | 9,883,008 |
Provision for loan losses | 29,000 | 397,574 |
Net interest income after provision for loan losses | 10,157,487 | 9,485,434 |
Noninterest income: | ||
Securities gains, net | 365,035 | |
Gain on sale of loans held for sale | 177,200 | 138,012 |
Other noninterest income | 187,901 | 187,504 |
Total noninterest income | 1,764,002 | 2,063,651 |
Noninterest expense: | ||
Salaries and employee benefits | 4,568,045 | 4,045,644 |
Data processing | 781,032 | 823,779 |
Occupancy expenses, net | 494,946 | 544,030 |
FDIC insurance assessments | 105,995 | 103,831 |
Professional fees | 345,407 | 298,145 |
Business development | 254,548 | 237,741 |
Intangible asset amortization | 87,535 | 98,802 |
Other operating expenses, net | 227,629 | 307,785 |
Total noninterest expense | 6,865,137 | 6,459,757 |
Income before income taxes | 5,056,352 | 5,089,328 |
Provision for income taxes | 1,019,600 | 1,479,200 |
Net income | $ 4,036,752 | $ 3,610,128 |
Basic and diluted earnings per share (in dollars per share) | $ 0.43 | $ 0.39 |
Cash dividends declared, per share (in dollars per share) | $ 0.48 | $ 0.22 |
Fiduciary and Trust [Member] | ||
Noninterest income: | ||
Noninterest income | $ 751,000 | $ 698,932 |
Financial Service [Member] | ||
Noninterest income: | ||
Noninterest income | 338,242 | 359,132 |
Credit and Debit Card [Member] | ||
Noninterest income: | ||
Noninterest income | $ 309,659 | $ 315,036 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Net income | $ 4,036,752 | $ 3,610,128 |
Other comprehensive income (loss), before tax: | ||
Unrealized holding gains (losses) arising during the period | (5,033,043) | 2,682,082 |
Less: reclassification adjustment for gains realized in net income | 365,035 | |
Other comprehensive income (loss), before tax | (5,033,043) | 2,317,047 |
Tax effect related to other comprehensive income (loss) | 1,258,605 | (857,307) |
Other comprehensive income (loss), net of tax | (3,774,438) | 1,459,740 |
Comprehensive income | $ 262,314 | $ 5,069,868 |
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, 2016 | $ 18,621,826 | $ 20,878,728 | $ 126,181,376 | $ (576,687) | $ 165,105,243 | |
Net income | 3,610,128 | 3,610,128 | ||||
Other comprehensive income (loss) | 1,459,740 | 1,459,740 | ||||
Cash dividends declared | (2,048,401) | (2,048,401) | ||||
Balance at Mar. 31, 2017 | 18,621,826 | 20,878,728 | 127,743,103 | 883,053 | 168,126,710 | |
Balance at Dec. 31, 2017 | 18,621,826 | 20,878,728 | 131,684,961 | (432,373) | 170,753,142 | |
Net income | 4,036,752 | 4,036,752 | ||||
Other comprehensive income (loss) | (3,774,438) | (3,774,438) | ||||
Cash dividends declared | (4,469,238) | (4,469,238) | ||||
The cumulative effect from change in accounting policy (1) | [1] | 82,700 | (82,700) | |||
Balance at Mar. 31, 2018 | $ 18,621,826 | $ 20,878,728 | $ 131,335,175 | $ (4,289,511) | $ 166,546,218 | |
[1] | The cumulative effect for the quarter ended March 31, 2018, reflects adoption in first quarter 2018 of ASU 2018-02. |
Consolidated Statements of Sto7
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Retained Earnings [Member] | ||
Cash dividends declared, per share (in dollars per share) | $ 0.84 | $ 0.80 |
Cash dividends declared, per share (in dollars per share) | $ 0.48 | $ 0.22 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 4,036,752 | $ 3,610,128 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan losses | 29,000 | 397,574 |
Provision for off-balance sheet commitments | (4,000) | 10,000 |
Amortization, net | 515,844 | 728,139 |
Amortization of intangible asset | 87,535 | 98,802 |
Depreciation | 260,358 | 274,347 |
Deferred income taxes | (48,299) | (221,700) |
Securities gains, net | (365,035) | |
(Gain) on sales of loans held for sale | (177,200) | (138,012) |
Proceeds from loans held for sale | 7,516,348 | 4,617,145 |
Originations of loans held for sale | (7,488,054) | (4,432,660) |
Loss on sale of premises and equipment, net | 115 | 29,276 |
(Gain) on sale of other real estate owned, net | (7,024) | |
Change in assets and liabilities: | ||
Decrease in accrued income receivable | 652,135 | 497,732 |
(Increase) decrease in other assets | 104,485 | (285,212) |
Increase in accrued expenses and other liabilities | 867,498 | 1,428,546 |
Net cash provided by operating activities | 6,352,517 | 6,242,046 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of securities available-for-sale | (7,854,442) | (18,797,565) |
Proceeds from sale of securities available-for-sale | 1,491,070 | |
Proceeds from maturities and calls of securities available-for-sale | 8,364,369 | 9,869,153 |
Purchase of FHLB stock | (227,700) | (71,900) |
Proceeds from the redemption of FHLB stock | 691,500 | 7,200 |
Net (increase) in interest bearing deposits in financial institutions | (25,810,886) | (17,624,685) |
Net (increase) in loans | (802,576) | (7,985,518) |
Net proceeds from the sale of other real estate owned | 26,637 | |
Purchase of bank premises and equipment, net | (204,726) | (150,578) |
Other | (14,960) | 15,720 |
Net cash (used in) investing activities | (25,859,421) | (33,220,466) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Increase in deposits | 36,032,857 | 32,263,439 |
(Decrease) in securities sold under agreements to repurchase | (890,601) | (7,963,862) |
Payments on FHLB borrowings and other borrowings | (17,500,000) | |
Dividends paid | (2,048,401) | (1,955,292) |
Net cash provided by financing activities | 15,593,855 | 22,344,285 |
Net (decrease) in cash and due from banks | (3,913,049) | (4,634,135) |
Beginning | 26,397,550 | 29,478,068 |
Ending | 22,484,501 | 24,843,933 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
Interest | 1,538,837 | 1,205,110 |
Income taxes | 75,459 | |
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES | ||
Transfer of loans receivable to other real estate owned | 16,668 | |
Proceeds from the sale of securities available-for-sale, recorded in other assets pending settlement | $ 9,149,603 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. The consolidated financial statements for the three March 31, 2018 2017 not may 10 December 31, 2017 ( Goodwill: Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill resulting from acquisitions is not not two second 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 March 31, 2018, not New and Pending Accounting Pronouncements: January 2016, No. 2016 01, 825 10 Recognition and Measurement of Financial Assets and Financial Liabilities. January 1, 2018 no not In February 2016, No. 2016 02, 842 12 December 15, 2018. not In June 2016, No. 2016 13, 326 December 15, 2019. In May 2014, 2014 09, 606 Summary and Amendments that Create Revenue from Contracts with Customers (Topic 606 340 40 605, January 1, 2018. not not In January 2017, 2017 04, 350 Simplifying the Test for Goodwill Impairment 2 December 15, 2019, January 1, 2017. not In February 2018, 2018 02, 220 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. 21 December 15, 2018, first 2018. not Reclassifications no |
Note 2 - Dividends
Note 2 - Dividends | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Dividends Disclosure [Text Block] | 2. On February 14, 2018, May 15, 2018 May 1, 2018 $0.23 February 14, 2018, one May 15, 2018 May 1, 2018, $0.25 |
Note 3 - Earnings Per Share
Note 3 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 3. Earnings per share amounts were calculated using the weighted average shares outstanding during the periods presented. The weighted average outstanding shares for the three March 31, 2018 2017 9,310,913 no |
Note 4 - Off-balance Sheet Arra
Note 4 - Off-balance Sheet Arrangements | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Loans and Leases Receivable Commitments [Text Block] | 4. 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 December 31, 2017. |
Note 5 - Fair Value Measurement
Note 5 - Fair Value Measurements | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 5. 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 Level 1: Level 2: not Level 3: 3 The following table presents the balances of assets measured at fair value on a recurring basis by level as of March 31, 2018 December 31, 2017. (in thousands) Description Total Level 1 Level 2 Level 3 2018 U.S. government treasuries $ 6,788 $ 6,788 $ - $ - U.S. government agencies 112,641 - 112,641 - U.S. government mortgage-backed securities 76,913 - 76,913 - State and political subdivisions 235,545 - 235,545 - Corporate bonds 57,204 - 57,204 - $ 489,091 $ 6,788 $ 482,303 $ - 2017 U.S. government treasuries $ 6,367 $ 6,367 $ - $ - U.S. government agencies 111,263 - 111,263 - U.S. government mortgage-backed securities 81,780 - 81,780 - State and political subdivisions 237,413 - 237,413 - Corporate bonds 58,464 - 58,464 - Equity securities, other 35 35 - - $ 495,322 $ 6,402 $ 488,920 $ - Level 1 2 may The Company's policy is to recognize transfers between levels at the end of each reporting period, if applicable. There were no three March 31, 2018. 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 March 31, 2018 December 31, 2017. (in thousands) Description Total Level 1 Level 2 Level 3 2018 Loans receivable $ 2,707 $ - $ - $ 2,707 Other real estate owned 386 - - 386 Total $ 3,093 $ - $ - $ 3,093 2017 Loans receivable $ 2,606 $ - $ - $ 2,606 Other real estate owned 386 - - 386 Total $ 2,992 $ - $ - $ 2,992 Loans Receivable 3. Other Real Estate Owned: not $287,000 March 31, 2018 December 31, 2017. 3. The significant inputs used in the fair value measurements for Level 3 March 31, 2018 December 31, 2017 (in thousands) 2018 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 2,707 Evaluation of collateral Estimation of value NM* Other real estate owned $ 386 Appraisal Appraisal adjustment 6% - 8% (7%) 2017 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 2,606 Evaluation of collateral Estimation of value NM* Other real estate owned $ 386 Appraisal Appraisal adjustment 6% - 8% (7%) * Not may not GAAP requires disclosure of the fair value of financial assets and financial liabilities, including those that are not 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 not not not not The following disclosures represent financial instruments in which the ending balances at March 31, 2018 December 31, 2017 not Securities available-for-sale 1 2 not may 1 2 Loans held for sale Limitations no The estimated fair values of the Company’s financial instruments as described above as of March 31, 2018 December 31, 2017 (in thousands) 2018 2017 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and due from banks Level 1 $ 22,485 $ 22,485 $ 26,398 $ 26,398 Interest bearing deposits Level 1 68,833 68,833 43,022 43,022 Securities available-for-sale See previous table 489,091 489,091 495,322 495,322 FHLB and FRB stock Level 2 2,557 2,557 3,021 3,021 Loans receivable, net Level 2 772,495 749,858 771,550 768,444 Loans held for sale Level 2 149 149 - - Accrued income receivable Level 1 7,730 7,730 8,382 8,382 Financial liabilities: Deposits Level 2 $ 1,170,424 $ 1,169,925 $ 1,134,391 $ 1,134,468 Securities sold under agreements to repurchase Level 1 36,534 36,534 37,425 37,425 FHLB advances Level 2 2,000 1,948 13,500 13,482 Other borrowings Level 2 7,000 7,025 13,000 13,079 Accrued interest payable Level 1 480 480 477 477 The methodologies used to determine fair value as of March 31, 2018 not December 31, 2017 |
Note 6 - Debt and Equity Securi
Note 6 - Debt and Equity Securities | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 6. The amortized cost of securities available-for-sale and their fair values as of March 31, 2018 December 31, 2017 (in thousands) 2018: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 6,917 $ - $ (129 ) $ 6,788 U.S. government agencies 114,359 25 (1,743 ) 112,641 U.S. government mortgage-backed securities 77,873 173 (1,133 ) 76,913 State and political subdivisions 237,150 708 (2,313 ) 235,545 Corporate bonds 58,511 11 (1,318 ) 57,204 $ 494,810 $ 917 $ (6,636 ) $ 489,091 2017: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 6,413 $ 2 $ (48 ) $ 6,367 U.S. government agencies 111,900 136 (773 ) 111,263 U.S. government mortgage-backed securities 81,685 422 (327 ) 81,780 State and political subdivisions 237,349 1,233 (1,169 ) 237,413 Corporate bonds 58,647 206 (389 ) 58,464 Equity securities, other 15 20 - 35 $ 496,009 $ 2,019 $ (2,706 ) $ 495,322 The proceeds, gains and losses from securities available-for-sale are summarized as follows: (in thousands) Three Months Ended March 31, 2018 2017 Proceeds from sales of securities available-for-sale $ - $ 10,641 Gross realized gains on securities available-for-sale - 367 Gross realized losses on securities available-for-sale - (2 ) Tax provision applicable to net realized gains on securities available-for-sale - 128 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 March 31, 2018 December 31, 2017 (in thousands) Less than 12 Months 12 Months or More Total 2018: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ 6,788 $ (129 ) $ - $ - $ 6,788 $ (129 ) U.S. government agencies 97,368 (1,408 ) 9,678 (335 ) 107,046 (1,743 ) U.S. government mortgage-backed securities 60,207 (999 ) 5,121 (134 ) 65,328 (1,133 ) State and political subdivisions 120,587 (1,588 ) 16,348 (725 ) 136,935 (2,313 ) Corporate bonds 47,860 (937 ) 6,505 (381 ) 54,365 (1,318 ) $ 332,810 $ (5,061 ) $ 37,652 $ (1,575 ) $ 370,462 $ (6,636 ) Less than 12 Months 12 Months or More Total 2017: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ 4,894 $ (48 ) $ - $ - $ 4,894 $ (48 ) U.S. government agencies 73,953 (549 ) 10,168 (224 ) 84,121 (773 ) U.S. government mortgage-backed securities 39,565 (245 ) 5,344 (82 ) 44,909 (327 ) State and political subdivisions 89,904 (703 ) 16,631 (466 ) 106,535 (1,169 ) Corporate bonds 29,808 (198 ) 6,709 (191 ) 36,517 (389 ) $ 238,124 $ (1,743 ) $ 38,852 $ (963 ) $ 276,976 $ (2,706 ) Gross unrealized losses on debt securities totaled $6,636,000 March 31, 2018. not not third not |
Note 7 - Loans Receivable and C
Note 7 - Loans Receivable and Credit Disclosures | 3 Months Ended |
Mar. 31, 2018 | |
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 March 31, 2018 2017 (in thousands) Three Months Ended March 31, 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2017 $ 796 $ 1,716 $ 4,734 $ 997 $ 1,739 $ 1,171 $ 168 $ 11,321 Provision (credit) for loan losses 8 26 29 (20 ) (6 ) (3 ) (5 ) 29 Recoveries of loans charged-off - 2 - - 18 - 8 28 Loans charged-off - - - - (1 ) - (54 ) (55 ) Balance, March 31, 2018 $ 804 $ 1,744 $ 4,763 $ 977 $ 1,750 $ 1,168 $ 117 $ 11,323 Three Months Ended March 31, 2017 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2016 $ 908 $ 1,711 $ 3,960 $ 861 $ 1,728 $ 1,216 $ 123 $ 10,507 Provision (credit) for loan losses 24 6 316 37 74 (74 ) 15 398 Recoveries of loans charged-off - 2 - - 1 - 3 6 Loans charged-off - - - - - - (9 ) (9 ) Balance, March 31, 2017 $ 932 $ 1,719 $ 4,276 $ 898 $ 1,803 $ 1,142 $ 132 $ 10,902 Allowance for loan losses disaggregated on the basis of impairment analysis method as of March 31, 2018 December 31, 2017 (in thousands ) 2018 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 $ - $ 69 $ 115 $ - $ 582 $ - $ 28 $ 794 Collectively evaluated for impairment 804 1,675 4,648 977 1,168 1,168 89 10,529 Balance March 31, 2018 $ 804 $ 1,744 $ 4,763 $ 977 $ 1,750 $ 1,168 $ 117 $ 11,323 2017 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 $ - $ 42 $ 115 $ - $ 607 $ - $ 47 $ 811 Collectively evaluated for impairment 796 1,674 4,619 997 1,132 1,171 121 10,510 Balance December 31, 2017 $ 796 $ 1,716 $ 4,734 $ 997 $ 1,739 $ 1,171 $ 168 $ 11,321 Loans receivable disaggregated on the basis of impairment analysis method as of March 31, 2018 December 31, 2017 (in thousands) 2018 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 $ - $ 902 $ 366 $ - $ 2,978 $ - $ 33 $ 4,279 Collectively evaluated for impairment 50,904 146,645 351,546 81,030 70,721 70,773 8,013 779,632 Balance March 31, 2018 $ 50,904 $ 147,547 $ 351,912 $ 81,030 $ 73,699 $ 70,773 $ 8,046 $ 783,911 2017 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 $ - $ 689 $ 901 $ - $ 3,140 $ - $ 80 $ 4,810 Collectively evaluated for impairment 50,309 145,569 349,725 81,790 70,676 69,806 10,265 778,140 Balance December 31, 2017 $ 50,309 $ 146,258 $ 350,626 $ 81,790 $ 73,816 $ 69,806 $ 10,345 $ 782,950 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 March 31, 2018 December 31, 2017: (in thousands) 2018 2017 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - $ - $ - Real estate - 1 to 4 family residential 567 690 - 572 677 - Real estate - commercial 147 609 - 671 1,353 - Real estate - agricultural - - - - - - Commercial 64 68 - 125 148 - Agricultural - - - - - - Consumer and other - - - 25 44 - Total loans with no specific reserve: 778 1,367 - 1,393 2,222 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 335 362 69 117 180 42 Real estate - commercial 219 219 115 230 230 115 Real estate - agricultural - - - - - - Commercial 2,914 3,238 582 3,015 3,336 607 Agricultural - - - - - - Consumer and other 33 37 28 55 43 47 Total loans with specific reserve: 3,501 3,856 794 3,417 3,789 811 Total Real estate - construction - - - - - - Real estate - 1 to 4 family residential 902 1,052 69 689 857 42 Real estate - commercial 366 828 115 901 1,583 115 Real estate - agricultural - - - - - - Commercial 2,978 3,306 582 3,140 3,484 607 Agricultural - - - - - - Consumer and other 33 37 28 80 87 47 $ 4,279 $ 5,223 $ 794 $ 4,810 $ 6,011 $ 811 The following is a recap of the average recorded investment and interest income recognized on impaired loans for the three March 31, 2018 2017: (in thousands) Three Months Ended March 31, 2018 2017 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - Real estate - 1 to 4 family residential 570 23 438 3 Real estate - commercial 409 258 580 - Real estate - agricultural - - - - Commercial 95 - 2,774 - Agricultural - - - - Consumer and other 13 - 75 - Total loans with no specific reserve: 1,087 281 3,867 3 With an allowance recorded: Real estate - construction - - 32 - Real estate - 1 to 4 family residential 226 - 196 - Real estate - commercial 225 - - - Real estate - agricultural - - - - Commercial 2,965 - 1,123 - Agricultural - - - - Consumer and other 44 1 2 - Total loans with specific reserve: 3,460 1 1,353 - Total Real estate - construction - - 32 - Real estate - 1 to 4 family residential 796 23 634 3 Real estate - commercial 634 258 580 - Real estate - agricultural - - - - Commercial 3,060 - 3,897 - Agricultural - - - - Consumer and other 57 1 77 - $ 4,547 $ 282 $ 5,220 $ 3 The interest foregone on nonaccrual loans for the three March 31, 2018 2017 $83,000 $98,000, Nonaccrual loans at March 31, 2018 December 31, 2017 $4,279,000 $4,810,000 The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $2,814,000 March 31, 2018, $2,984,000 December 31, 2017, During the three March 31, 2018 2017, not The Company considers TDR loans to have payment default when it is past due 60 One TDR modified during the twelve March 31, 2018 twelve March 31, 2017 There were no three March 31, 2018 2017. An aging analysis of the recorded investments in loans, on a disaggregated basis, as of March 31, 2018 December 31, 2017, (in thousands) 2018 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 50 $ - $ 50 $ 50,854 $ 50,904 $ - Real estate - 1 to 4 family residential 563 614 1,177 146,370 147,547 - Real estate - commercial - 219 219 351,693 351,912 - Real estate - agricultural - - - 81,030 81,030 - Commercial 1,354 308 1,662 72,037 73,699 - Agricultural 145 - 145 70,628 70,773 - Consumer and other 21 - 21 8,025 8,046 - $ 2,133 $ 1,141 $ 3,274 $ 780,637 $ 783,911 $ - 2017 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 159 $ - $ 159 $ 50,150 $ 50,309 $ - Real estate - 1 to 4 family residential 940 414 1,354 144,904 146,258 18 Real estate - commercial 363 629 992 349,634 350,626 - Real estate - agricultural 655 - 655 81,135 81,790 - Commercial 275 418 693 73,123 73,816 - Agricultural 77 - 77 69,729 69,806 - Consumer and other 77 38 115 10,230 10,345 - $ 2,546 $ 1,499 $ 4,045 $ 778,905 $ 782,950 $ 18 The credit risk profile by internally assigned grade, on a disaggregated basis, as of March 31, 2018 December 31, 2017 (in thousands) 2018 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 48,120 $ 319,918 $ 59,380 $ 58,578 $ 45,892 $ 531,888 Watch 2,784 19,876 15,356 10,898 23,573 72,487 Special Mention - 9,942 - - - 9,942 Substandard - 1,810 6,294 1,245 1,308 10,657 Substandard-Impaired - 366 - 2,978 - 3,344 $ 50,904 $ 351,912 $ 81,030 $ 73,699 $ 70,773 $ 628,318 2017 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 47,726 $ 319,178 $ 60,301 $ 59,535 $ 45,816 $ 532,556 Watch 2,583 27,528 20,114 9,628 22,640 82,493 Special Mention - 184 - - - 184 Substandard - 2,835 1,375 1,513 1,350 7,073 Substandard-Impaired - 901 - 3,140 - 4,041 $ 50,309 $ 350,626 $ 81,790 $ 73,816 $ 69,806 $ 626,347 The credit risk profile based on payment activity, on a disaggregated basis, as of March 31, 2018 December 31, 2017 2018 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 146,646 $ 8,013 $ 154,659 Non-performing 901 33 934 $ 147,547 $ 8,046 $ 155,593 2017 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 145,551 $ 10,264 $ 155,815 Non-performing 707 81 788 $ 146,258 $ 10,345 $ 156,603 |
Note 8 - Goodwill
Note 8 - Goodwill | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 8. Goodwill Goodwill is not fifteen |
Note 9 - Intangible Assets
Note 9 - Intangible Assets | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 9. The following sets forth the carrying amounts and accumulated amortization of the intangible assets at March 31, 2018 December 31, 2017: (in thousands) 2018 2017 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 2,518 $ 1,929 $ 2,518 $ 1,861 Customer list 535 105 520 86 Total $ 3,053 $ 2,034 $ 3,038 $ 1,947 The weighted average life of the intangible assets is 2.5 March 31, 2018 December 31, 2017. The following sets forth the activity related to the intangible assets for the three March 31, 2018 2017: (in thousands) Three Months Ended March 31, 2018 2017 Beginning intangible asset, net $ 1,091 $ 1,353 Adjustment to intangible asset 15 (17 ) Amortization (87 ) (98 ) Ending intangible asset, net $ 1,019 $ 1,238 Estimated remaining amortization expense on core deposit intangible for the years ending December 31 (in thousands) 2018 $ 242 2019 206 2020 149 2021 149 2022 144 2023 129 Intangible asset, net $ 1,019 |
Note 10 - Pledged Collateral Re
Note 10 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Secured Borrowings [Text Block] | 10. Pledged Collateral Related to Securities Sold Under Repurchase Agreements The following sets forth the pledged collateral at estimated fair value related to securities sold under repurchase agreements and term repurchase agreements as of March 31, 2018 December 31, 2017: (in thousands) 2018 2017 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 $ 1,468 $ - $ 1,468 $ 1,474 $ - $ 1,474 U.S. government agencies 46,940 - 46,940 47,323 - 47,323 U.S. government mortgage-backed securities 21,316 - 21,316 22,824 - 22,824 Total $ 69,724 $ - $ 69,724 $ 71,621 $ - $ 71,621 Term repurchase agreements (Other borrowings): U.S. government agencies $ - $ 6,927 $ 6,927 $ - $ 14,986 $ 14,986 Total pledged collateral $ 69,724 $ 6,927 $ 76,651 $ 71,621 $ 14,986 $ 86,607 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 |
Note 11 - Regulatory Matters
Note 11 - Regulatory Matters | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | 11. 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 March 31, 2018: Total capital (to risk-weighted assets): Consolidated $ 175,304 17.6 % $ 98,591 9.875 % N/A N/A Boone Bank & Trust 15,400 16.2 9,379 9.875 $ 9,498 10.0 % First National Bank 82,254 15.6 51,925 9.875 52,582 10.0 Reliance State Bank 27,255 15.4 17,484 9.875 17,706 10.0 State Bank & Trust 20,287 16.6 12,045 9.875 12,198 10.0 United Bank & Trust 14,933 20.0 7,387 9.875 7,481 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 163,466 16.4 % $ 78,623 7.875 % N/A N/A Boone Bank & Trust 14,503 15.3 7,480 7.875 $ 7,598 8.0 % First National Bank 76,237 14.5 41,408 7.875 42,066 8.0 Reliance State Bank 25,042 14.1 13,943 7.875 14,165 8.0 State Bank & Trust 18,758 15.4 9,606 7.875 9,758 8.0 United Bank & Trust 14,121 18.9 5,891 7.875 5,985 8.0 Tier 1 capital (to average-weighted assets): Consolidated $ 163,466 12.1 % $ 54,521 4.000 % N/A N/A Boone Bank & Trust 14,503 10.9 5,312 4.000 $ 6,640 5.0 % First National Bank 76,237 10.2 29,850 4.000 37,313 5.0 Reliance State Bank 25,042 11.7 8,598 4.000 10,747 5.0 State Bank & Trust 18,758 11.7 6,421 4.000 8,026 5.0 United Bank & Trust 14,121 13.1 4,316 4.000 5,395 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 163,466 16.4 % $ 63,648 6.375 % N/A N/A Boone Bank & Trust 14,503 15.3 6,055 6.375 $ 6,174 6.5 % First National Bank 76,237 14.5 33,521 6.375 34,178 6.5 Reliance State Bank 25,042 14.1 11,287 6.375 11,509 6.5 State Bank & Trust 18,758 15.4 7,776 6.375 7,929 6.5 United Bank & Trust 14,121 18.9 4,769 6.375 4,862 6.5 * These ratios for March 31, 2018 1.875% 1 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes * Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2017: Total capital (to risk-weighted assets): Consolidated $ 176,306 17.6 % $ 92,500 9.25 % N/A N/A Boone Bank & Trust 15,344 16.5 8,613 9.25 $ 9,312 10.0 % First National Bank 81,390 15.5 48,466 9.25 52,396 10.0 Reliance State Bank 26,982 15.3 16,324 9.25 17,648 10.0 State Bank & Trust 20,064 15.8 11,738 9.25 12,690 10.0 United Bank & Trust 14,833 19.9 6,878 9.25 7,436 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 164,467 16.4 % $ 72,500 7.25 % N/A N/A Boone Bank & Trust 14,453 15.5 6,751 7.25 $ 7,449 8.0 % First National Bank 75,404 14.4 37,987 7.25 41,917 8.0 Reliance State Bank 24,775 14.0 12,795 7.25 14,118 8.0 State Bank & Trust 18,475 14.6 9,200 7.25 10,152 8.0 United Bank & Trust 14,012 18.8 5,391 7.25 5,649 8.0 Tier 1 capital (to average-weighted assets): Consolidated $ 164,467 12.1 % $ 54,264 4.00 % N/A N/A Boone Bank & Trust 14,453 10.4 5,568 4.00 $ 6,960 5.0 % First National Bank 75,404 10.1 29,910 4.00 37,387 5.0 Reliance State Bank 24,775 11.6 8,553 4.00 10,691 5.0 State Bank & Trust 18,475 11.8 6,284 4.00 7,856 5.0 United Bank & Trust 14,012 12.8 4,362 4.00 5,453 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 164,467 16.4 % $ 57,500 5.75 % N/A N/A Boone Bank & Trust 14,453 15.5 5,354 5.75 $ 6,053 6.5 % First National Bank 75,404 14.4 30,128 5.75 34,058 6.5 Reliance State Bank 24,775 14.0 10,147 5.75 11,471 6.5 State Bank & Trust 18,475 14.6 7,297 5.75 8,248 6.5 United Bank & Trust 14,012 18.8 4,276 5.75 4,833 6.5 * These ratios for December 31, 2017 1.25% 1 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. 1 one January 1, 2015, Beginning in 2016, three January 1, 2019 2.5 2.5 2019 |
Note 12 - Subsequent Events
Note 12 - Subsequent Events | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 12. Management evaluated subsequent events through the date the financial statements were issued. On April 19, 2018, 100% 100% $15,000,000, third 2018, no March 31, 2018, May 8, 2018, March 31, 2018. no not March 31, 2018. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | The consolidated financial statements for the three March 31, 2018 2017 not may 10 December 31, 2017 ( |
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 not two second 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 March 31, 2018, not |
New Accounting Pronouncements, Policy [Policy Text Block] | New and Pending Accounting Pronouncements: January 2016, No. 2016 01, 825 10 Recognition and Measurement of Financial Assets and Financial Liabilities. January 1, 2018 no not In February 2016, No. 2016 02, 842 12 December 15, 2018. not In June 2016, No. 2016 13, 326 December 15, 2019. In May 2014, 2014 09, 606 Summary and Amendments that Create Revenue from Contracts with Customers (Topic 606 340 40 605, January 1, 2018. not not In January 2017, 2017 04, 350 Simplifying the Test for Goodwill Impairment 2 December 15, 2019, January 1, 2017. not In February 2018, 2018 02, 220 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. 21 December 15, 2018, first 2018. not |
Reclassification, Policy [Policy Text Block] | Reclassifications no |
Note 5 - Fair Value Measureme22
Note 5 - Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Description Total Level 1 Level 2 Level 3 2018 U.S. government treasuries $ 6,788 $ 6,788 $ - $ - U.S. government agencies 112,641 - 112,641 - U.S. government mortgage-backed securities 76,913 - 76,913 - State and political subdivisions 235,545 - 235,545 - Corporate bonds 57,204 - 57,204 - $ 489,091 $ 6,788 $ 482,303 $ - 2017 U.S. government treasuries $ 6,367 $ 6,367 $ - $ - U.S. government agencies 111,263 - 111,263 - U.S. government mortgage-backed securities 81,780 - 81,780 - State and political subdivisions 237,413 - 237,413 - Corporate bonds 58,464 - 58,464 - Equity securities, other 35 35 - - $ 495,322 $ 6,402 $ 488,920 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Description Total Level 1 Level 2 Level 3 2018 Loans receivable $ 2,707 $ - $ - $ 2,707 Other real estate owned 386 - - 386 Total $ 3,093 $ - $ - $ 3,093 2017 Loans receivable $ 2,606 $ - $ - $ 2,606 Other real estate owned 386 - - 386 Total $ 2,992 $ - $ - $ 2,992 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | 2018 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 2,707 Evaluation of collateral Estimation of value NM* Other real estate owned $ 386 Appraisal Appraisal adjustment 6% - 8% (7%) 2017 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 2,606 Evaluation of collateral Estimation of value NM* Other real estate owned $ 386 Appraisal Appraisal adjustment 6% - 8% (7%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | 2018 2017 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and due from banks Level 1 $ 22,485 $ 22,485 $ 26,398 $ 26,398 Interest bearing deposits Level 1 68,833 68,833 43,022 43,022 Securities available-for-sale See previous table 489,091 489,091 495,322 495,322 FHLB and FRB stock Level 2 2,557 2,557 3,021 3,021 Loans receivable, net Level 2 772,495 749,858 771,550 768,444 Loans held for sale Level 2 149 149 - - Accrued income receivable Level 1 7,730 7,730 8,382 8,382 Financial liabilities: Deposits Level 2 $ 1,170,424 $ 1,169,925 $ 1,134,391 $ 1,134,468 Securities sold under agreements to repurchase Level 1 36,534 36,534 37,425 37,425 FHLB advances Level 2 2,000 1,948 13,500 13,482 Other borrowings Level 2 7,000 7,025 13,000 13,079 Accrued interest payable Level 1 480 480 477 477 |
Note 6 - Debt and Equity Secu23
Note 6 - Debt and Equity Securities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | 2018: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 6,917 $ - $ (129 ) $ 6,788 U.S. government agencies 114,359 25 (1,743 ) 112,641 U.S. government mortgage-backed securities 77,873 173 (1,133 ) 76,913 State and political subdivisions 237,150 708 (2,313 ) 235,545 Corporate bonds 58,511 11 (1,318 ) 57,204 $ 494,810 $ 917 $ (6,636 ) $ 489,091 2017: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 6,413 $ 2 $ (48 ) $ 6,367 U.S. government agencies 111,900 136 (773 ) 111,263 U.S. government mortgage-backed securities 81,685 422 (327 ) 81,780 State and political subdivisions 237,349 1,233 (1,169 ) 237,413 Corporate bonds 58,647 206 (389 ) 58,464 Equity securities, other 15 20 - 35 $ 496,009 $ 2,019 $ (2,706 ) $ 495,322 |
Realized Gain (Loss) on Investments [Table Text Block] | Three Months Ended March 31, 2018 2017 Proceeds from sales of securities available-for-sale $ - $ 10,641 Gross realized gains on securities available-for-sale - 367 Gross realized losses on securities available-for-sale - (2 ) Tax provision applicable to net realized gains on securities available-for-sale - 128 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or More Total 2018: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ 6,788 $ (129 ) $ - $ - $ 6,788 $ (129 ) U.S. government agencies 97,368 (1,408 ) 9,678 (335 ) 107,046 (1,743 ) U.S. government mortgage-backed securities 60,207 (999 ) 5,121 (134 ) 65,328 (1,133 ) State and political subdivisions 120,587 (1,588 ) 16,348 (725 ) 136,935 (2,313 ) Corporate bonds 47,860 (937 ) 6,505 (381 ) 54,365 (1,318 ) $ 332,810 $ (5,061 ) $ 37,652 $ (1,575 ) $ 370,462 $ (6,636 ) Less than 12 Months 12 Months or More Total 2017: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities available-for-sale: U.S. government treasuries $ 4,894 $ (48 ) $ - $ - $ 4,894 $ (48 ) U.S. government agencies 73,953 (549 ) 10,168 (224 ) 84,121 (773 ) U.S. government mortgage-backed securities 39,565 (245 ) 5,344 (82 ) 44,909 (327 ) State and political subdivisions 89,904 (703 ) 16,631 (466 ) 106,535 (1,169 ) Corporate bonds 29,808 (198 ) 6,709 (191 ) 36,517 (389 ) $ 238,124 $ (1,743 ) $ 38,852 $ (963 ) $ 276,976 $ (2,706 ) |
Note 7 - Loans Receivable and24
Note 7 - Loans Receivable and Credit Disclosures (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Three Months Ended March 31, 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2017 $ 796 $ 1,716 $ 4,734 $ 997 $ 1,739 $ 1,171 $ 168 $ 11,321 Provision (credit) for loan losses 8 26 29 (20 ) (6 ) (3 ) (5 ) 29 Recoveries of loans charged-off - 2 - - 18 - 8 28 Loans charged-off - - - - (1 ) - (54 ) (55 ) Balance, March 31, 2018 $ 804 $ 1,744 $ 4,763 $ 977 $ 1,750 $ 1,168 $ 117 $ 11,323 Three Months Ended March 31, 2017 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2016 $ 908 $ 1,711 $ 3,960 $ 861 $ 1,728 $ 1,216 $ 123 $ 10,507 Provision (credit) for loan losses 24 6 316 37 74 (74 ) 15 398 Recoveries of loans charged-off - 2 - - 1 - 3 6 Loans charged-off - - - - - - (9 ) (9 ) Balance, March 31, 2017 $ 932 $ 1,719 $ 4,276 $ 898 $ 1,803 $ 1,142 $ 132 $ 10,902 |
Allowance for Loan Losses Disaggregated on Basis of Impairment Analysis Method [Table Text Block] | 2018 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 $ - $ 69 $ 115 $ - $ 582 $ - $ 28 $ 794 Collectively evaluated for impairment 804 1,675 4,648 977 1,168 1,168 89 10,529 Balance March 31, 2018 $ 804 $ 1,744 $ 4,763 $ 977 $ 1,750 $ 1,168 $ 117 $ 11,323 2017 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 $ - $ 42 $ 115 $ - $ 607 $ - $ 47 $ 811 Collectively evaluated for impairment 796 1,674 4,619 997 1,132 1,171 121 10,510 Balance December 31, 2017 $ 796 $ 1,716 $ 4,734 $ 997 $ 1,739 $ 1,171 $ 168 $ 11,321 |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2018 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 $ - $ 902 $ 366 $ - $ 2,978 $ - $ 33 $ 4,279 Collectively evaluated for impairment 50,904 146,645 351,546 81,030 70,721 70,773 8,013 779,632 Balance March 31, 2018 $ 50,904 $ 147,547 $ 351,912 $ 81,030 $ 73,699 $ 70,773 $ 8,046 $ 783,911 2017 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 $ - $ 689 $ 901 $ - $ 3,140 $ - $ 80 $ 4,810 Collectively evaluated for impairment 50,309 145,569 349,725 81,790 70,676 69,806 10,265 778,140 Balance December 31, 2017 $ 50,309 $ 146,258 $ 350,626 $ 81,790 $ 73,816 $ 69,806 $ 10,345 $ 782,950 |
Impaired Financing Receivables [Table Text Block] | 2018 2017 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - $ - $ - Real estate - 1 to 4 family residential 567 690 - 572 677 - Real estate - commercial 147 609 - 671 1,353 - Real estate - agricultural - - - - - - Commercial 64 68 - 125 148 - Agricultural - - - - - - Consumer and other - - - 25 44 - Total loans with no specific reserve: 778 1,367 - 1,393 2,222 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 335 362 69 117 180 42 Real estate - commercial 219 219 115 230 230 115 Real estate - agricultural - - - - - - Commercial 2,914 3,238 582 3,015 3,336 607 Agricultural - - - - - - Consumer and other 33 37 28 55 43 47 Total loans with specific reserve: 3,501 3,856 794 3,417 3,789 811 Total Real estate - construction - - - - - - Real estate - 1 to 4 family residential 902 1,052 69 689 857 42 Real estate - commercial 366 828 115 901 1,583 115 Real estate - agricultural - - - - - - Commercial 2,978 3,306 582 3,140 3,484 607 Agricultural - - - - - - Consumer and other 33 37 28 80 87 47 $ 4,279 $ 5,223 $ 794 $ 4,810 $ 6,011 $ 811 |
Average Investment in Impaired Loans and Interest Income Recognized [Table Text Block] | Three Months Ended March 31, 2018 2017 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ - $ - Real estate - 1 to 4 family residential 570 23 438 3 Real estate - commercial 409 258 580 - Real estate - agricultural - - - - Commercial 95 - 2,774 - Agricultural - - - - Consumer and other 13 - 75 - Total loans with no specific reserve: 1,087 281 3,867 3 With an allowance recorded: Real estate - construction - - 32 - Real estate - 1 to 4 family residential 226 - 196 - Real estate - commercial 225 - - - Real estate - agricultural - - - - Commercial 2,965 - 1,123 - Agricultural - - - - Consumer and other 44 1 2 - Total loans with specific reserve: 3,460 1 1,353 - Total Real estate - construction - - 32 - Real estate - 1 to 4 family residential 796 23 634 3 Real estate - commercial 634 258 580 - Real estate - agricultural - - - - Commercial 3,060 - 3,897 - Agricultural - - - - Consumer and other 57 1 77 - $ 4,547 $ 282 $ 5,220 $ 3 |
Past Due Financing Receivables [Table Text Block] | 2018 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 50 $ - $ 50 $ 50,854 $ 50,904 $ - Real estate - 1 to 4 family residential 563 614 1,177 146,370 147,547 - Real estate - commercial - 219 219 351,693 351,912 - Real estate - agricultural - - - 81,030 81,030 - Commercial 1,354 308 1,662 72,037 73,699 - Agricultural 145 - 145 70,628 70,773 - Consumer and other 21 - 21 8,025 8,046 - $ 2,133 $ 1,141 $ 3,274 $ 780,637 $ 783,911 $ - 2017 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ 159 $ - $ 159 $ 50,150 $ 50,309 $ - Real estate - 1 to 4 family residential 940 414 1,354 144,904 146,258 18 Real estate - commercial 363 629 992 349,634 350,626 - Real estate - agricultural 655 - 655 81,135 81,790 - Commercial 275 418 693 73,123 73,816 - Agricultural 77 - 77 69,729 69,806 - Consumer and other 77 38 115 10,230 10,345 - $ 2,546 $ 1,499 $ 4,045 $ 778,905 $ 782,950 $ 18 |
Financing Receivable Credit Quality Indicators [Table Text Block] | 2018 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 48,120 $ 319,918 $ 59,380 $ 58,578 $ 45,892 $ 531,888 Watch 2,784 19,876 15,356 10,898 23,573 72,487 Special Mention - 9,942 - - - 9,942 Substandard - 1,810 6,294 1,245 1,308 10,657 Substandard-Impaired - 366 - 2,978 - 3,344 $ 50,904 $ 351,912 $ 81,030 $ 73,699 $ 70,773 $ 628,318 2017 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 47,726 $ 319,178 $ 60,301 $ 59,535 $ 45,816 $ 532,556 Watch 2,583 27,528 20,114 9,628 22,640 82,493 Special Mention - 184 - - - 184 Substandard - 2,835 1,375 1,513 1,350 7,073 Substandard-Impaired - 901 - 3,140 - 4,041 $ 50,309 $ 350,626 $ 81,790 $ 73,816 $ 69,806 $ 626,347 |
Credit Risk Profile Based on Payment Activity on Disaggregated Basis [Table Text Block] | 2018 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 146,646 $ 8,013 $ 154,659 Non-performing 901 33 934 $ 147,547 $ 8,046 $ 155,593 2017 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 145,551 $ 10,264 $ 155,815 Non-performing 707 81 788 $ 146,258 $ 10,345 $ 156,603 |
Note 9 - Intangible Assets (Tab
Note 9 - Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | 2018 2017 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 2,518 $ 1,929 $ 2,518 $ 1,861 Customer list 535 105 520 86 Total $ 3,053 $ 2,034 $ 3,038 $ 1,947 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Three Months Ended March 31, 2018 2017 Beginning intangible asset, net $ 1,091 $ 1,353 Adjustment to intangible asset 15 (17 ) Amortization (87 ) (98 ) Ending intangible asset, net $ 1,019 $ 1,238 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | 2018 $ 242 2019 206 2020 149 2021 149 2022 144 2023 129 Intangible asset, net $ 1,019 |
Note 10 - Pledged Collateral 26
Note 10 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block] | 2018 2017 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 $ 1,468 $ - $ 1,468 $ 1,474 $ - $ 1,474 U.S. government agencies 46,940 - 46,940 47,323 - 47,323 U.S. government mortgage-backed securities 21,316 - 21,316 22,824 - 22,824 Total $ 69,724 $ - $ 69,724 $ 71,621 $ - $ 71,621 Term repurchase agreements (Other borrowings): U.S. government agencies $ - $ 6,927 $ 6,927 $ - $ 14,986 $ 14,986 Total pledged collateral $ 69,724 $ 6,927 $ 76,651 $ 71,621 $ 14,986 $ 86,607 |
Note 11 - Regulatory Matters (T
Note 11 - Regulatory Matters (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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 March 31, 2018: Total capital (to risk-weighted assets): Consolidated $ 175,304 17.6 % $ 98,591 9.875 % N/A N/A Boone Bank & Trust 15,400 16.2 9,379 9.875 $ 9,498 10.0 % First National Bank 82,254 15.6 51,925 9.875 52,582 10.0 Reliance State Bank 27,255 15.4 17,484 9.875 17,706 10.0 State Bank & Trust 20,287 16.6 12,045 9.875 12,198 10.0 United Bank & Trust 14,933 20.0 7,387 9.875 7,481 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 163,466 16.4 % $ 78,623 7.875 % N/A N/A Boone Bank & Trust 14,503 15.3 7,480 7.875 $ 7,598 8.0 % First National Bank 76,237 14.5 41,408 7.875 42,066 8.0 Reliance State Bank 25,042 14.1 13,943 7.875 14,165 8.0 State Bank & Trust 18,758 15.4 9,606 7.875 9,758 8.0 United Bank & Trust 14,121 18.9 5,891 7.875 5,985 8.0 Tier 1 capital (to average-weighted assets): Consolidated $ 163,466 12.1 % $ 54,521 4.000 % N/A N/A Boone Bank & Trust 14,503 10.9 5,312 4.000 $ 6,640 5.0 % First National Bank 76,237 10.2 29,850 4.000 37,313 5.0 Reliance State Bank 25,042 11.7 8,598 4.000 10,747 5.0 State Bank & Trust 18,758 11.7 6,421 4.000 8,026 5.0 United Bank & Trust 14,121 13.1 4,316 4.000 5,395 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 163,466 16.4 % $ 63,648 6.375 % N/A N/A Boone Bank & Trust 14,503 15.3 6,055 6.375 $ 6,174 6.5 % First National Bank 76,237 14.5 33,521 6.375 34,178 6.5 Reliance State Bank 25,042 14.1 11,287 6.375 11,509 6.5 State Bank & Trust 18,758 15.4 7,776 6.375 7,929 6.5 United Bank & Trust 14,121 18.9 4,769 6.375 4,862 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, 2017: Total capital (to risk-weighted assets): Consolidated $ 176,306 17.6 % $ 92,500 9.25 % N/A N/A Boone Bank & Trust 15,344 16.5 8,613 9.25 $ 9,312 10.0 % First National Bank 81,390 15.5 48,466 9.25 52,396 10.0 Reliance State Bank 26,982 15.3 16,324 9.25 17,648 10.0 State Bank & Trust 20,064 15.8 11,738 9.25 12,690 10.0 United Bank & Trust 14,833 19.9 6,878 9.25 7,436 10.0 Tier 1 capital (to risk-weighted assets): Consolidated $ 164,467 16.4 % $ 72,500 7.25 % N/A N/A Boone Bank & Trust 14,453 15.5 6,751 7.25 $ 7,449 8.0 % First National Bank 75,404 14.4 37,987 7.25 41,917 8.0 Reliance State Bank 24,775 14.0 12,795 7.25 14,118 8.0 State Bank & Trust 18,475 14.6 9,200 7.25 10,152 8.0 United Bank & Trust 14,012 18.8 5,391 7.25 5,649 8.0 Tier 1 capital (to average-weighted assets): Consolidated $ 164,467 12.1 % $ 54,264 4.00 % N/A N/A Boone Bank & Trust 14,453 10.4 5,568 4.00 $ 6,960 5.0 % First National Bank 75,404 10.1 29,910 4.00 37,387 5.0 Reliance State Bank 24,775 11.6 8,553 4.00 10,691 5.0 State Bank & Trust 18,475 11.8 6,284 4.00 7,856 5.0 United Bank & Trust 14,012 12.8 4,362 4.00 5,453 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 164,467 16.4 % $ 57,500 5.75 % N/A N/A Boone Bank & Trust 14,453 15.5 5,354 5.75 $ 6,053 6.5 % First National Bank 75,404 14.4 30,128 5.75 34,058 6.5 Reliance State Bank 24,775 14.0 10,147 5.75 11,471 6.5 State Bank & Trust 18,475 14.6 7,297 5.75 8,248 6.5 United Bank & Trust 14,012 18.8 4,276 5.75 4,833 6.5 |
Note 1 - Significant Accounti28
Note 1 - Significant Accounting Policies (Details Textual) $ in Thousands | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Goodwill, Impairment Loss | $ 0 |
Note 2 - Dividends (Details Tex
Note 2 - Dividends (Details Textual) - $ / shares | Feb. 14, 2018 | Mar. 31, 2018 | Mar. 31, 2017 |
Dividends Payable, Date to be Paid | May 15, 2018 | ||
Dividends Payable, Date of Record | May 1, 2018 | ||
Common Stock, Dividends, Per Share, Declared | $ 0.23 | $ 0.48 | $ 0.22 |
One-time Cash Dividend [Member] | |||
Dividends Payable, Date to be Paid | May 15, 2018 | ||
Dividends Payable, Date of Record | May 1, 2018 | ||
Common Stock, Dividends, Per Share, Declared | $ 0.25 |
Note 3 - Earnings Per Share (De
Note 3 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 9,310,913 | 9,310,913 |
Weighted Average Number Diluted Shares Outstanding Adjustment, Total | 0 | 0 |
Note 5 - Fair Value Measureme31
Note 5 - Fair Value Measurements (Details Textual) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Real Estate Owned, Valuation Allowance, Ending Balance | $ 287,000 | $ 287,000 |
Note 5 - Fair Value Measureme32
Note 5 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Available for sale securities | $ 489,091,103 | $ 495,321,664 |
US Treasury Securities [Member] | ||
Available for sale securities | 6,788,000 | 6,367,000 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 112,641,000 | 111,263,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 76,913,000 | 81,780,000 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 235,545,000 | 237,413,000 |
Corporate Debt Securities [Member] | ||
Available for sale securities | 57,204,000 | 58,464,000 |
Equity Securities, Other [Member] | ||
Available for sale securities | 35,000 | |
Fair Value, Measurements, Recurring [Member] | ||
Available for sale securities | 489,091,000 | 495,322,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 6,788,000 | 6,402,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 482,303,000 | 488,920,000 |
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | ||
Available for sale securities | 6,788,000 | 6,367,000 |
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 6,788,000 | 6,367,000 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 112,641,000 | 111,263,000 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 112,641,000 | 111,263,000 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 76,913,000 | 81,780,000 |
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 | 76,913,000 | 81,780,000 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 235,545,000 | 237,413,000 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 235,545,000 | 237,413,000 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available for sale securities | 57,204,000 | 58,464,000 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | $ 57,204,000 | 58,464,000 |
Fair Value, Measurements, Recurring [Member] | Equity Securities, Other [Member] | ||
Available for sale securities | 35,000 | |
Fair Value, Measurements, Recurring [Member] | Equity Securities, Other [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | $ 35,000 |
Note 5 - Fair Value Measureme33
Note 5 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Loans receivable | $ 2,707 | $ 2,606 |
Other real estate owned | 386 | 386 |
Total | 3,093 | 2,992 |
Fair Value, Inputs, Level 1 [Member] | ||
Loans receivable | ||
Other real estate owned | ||
Total | ||
Fair Value, Inputs, Level 2 [Member] | ||
Loans receivable | ||
Other real estate owned | ||
Total | ||
Fair Value, Inputs, Level 3 [Member] | ||
Loans receivable | 2,707 | 2,606 |
Other real estate owned | 386 | 386 |
Total | $ 3,093 | $ 2,992 |
Note 5 - Fair Value Measureme34
Note 5 - Fair Value Measurements - Fair Value Quantitative Information (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | ||
Estimated Fair Value | $ 3,093 | $ 2,992 | |
Fair Value, Inputs, Level 3 [Member] | |||
Estimated Fair Value | 3,093 | 2,992 | |
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Evaluation of Collateral [Member] | |||
Estimated Fair Value | $ 2,707 | $ 2,606 | |
Unobservable Inputs, Rate | [1] | ||
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Appraisal Valuation [Member] | |||
Estimated Fair Value | $ 386 | $ 386 | |
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Minimum [Member] | |||
Unobservable Inputs, Rate | 6.00% | 6.00% | |
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Maximum [Member] | |||
Unobservable Inputs, Rate | 8.00% | 8.00% | |
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Weighted Average [Member] | |||
Unobservable Inputs, Rate | 7.00% | 7.00% | |
[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 Measureme35
Note 5 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 |
Securities available-for-sale | $ 489,091,103 | $ 495,321,664 | |
Accrued income receivable | 7,730,256 | $ 8,382,391 | |
Reported Value Measurement [Member] | |||
Securities available-for-sale | 489,091,000 | $ 495,322,000 | |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Cash and due from banks | 22,485,000 | 26,398,000 | |
Interest bearing deposits | 68,833,000 | 43,022,000 | |
Accrued income receivable | 7,730,000 | 8,382,000 | |
Securities sold under agreements to repurchase | 36,534,000 | 37,425,000 | |
Accrued interest payable | 480,000 | 477,000 | |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
FHLB and FRB stock | 2,557,000 | 3,021,000 | |
Loans receivable, net | 772,495,000 | 771,550,000 | |
Loans held for sale | 149,000 | ||
Deposits | 1,170,424,000 | 1,134,391,000 | |
FHLB advances | 2,000,000 | 13,500,000 | |
Other borrowings | 7,000,000 | 13,000,000 | |
Estimate of Fair Value Measurement [Member] | |||
Securities available-for-sale | 489,091,000 | 495,322,000 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Cash and due from banks | 22,485,000 | 26,398,000 | |
Interest bearing deposits | 68,833,000 | 43,022,000 | |
Accrued income receivable | 7,730,000 | 8,382,000 | |
Securities sold under agreements to repurchase | 36,534,000 | 37,425,000 | |
Accrued interest payable | 480,000 | 477,000 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
FHLB and FRB stock | 2,557,000 | 3,021,000 | |
Loans receivable, net | 749,858,000 | 768,444,000 | |
Loans held for sale | 149,000 | ||
Deposits | 1,169,925,000 | 1,134,468,000 | |
FHLB advances | 1,948,000 | 13,482,000 | |
Other borrowings | $ 7,025,000 | $ 13,079,000 |
Note 6 - Debt and Equity Secu36
Note 6 - Debt and Equity Securities (Details Textual) | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Available-for-sale Securities, Gross Unrealized Loss, Total | $ 6,636,000 |
Note 6 - Debt and Equity Secu37
Note 6 - Debt and Equity Securities - Securities Available-for-sale (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Amortized cost | $ 494,810,000 | $ 496,009,000 |
Gross unrealized gains | 917,000 | 2,019,000 |
Gross unrealized losses | (6,636,000) | (2,706,000) |
Estimated fair value | 489,091,103 | 495,321,664 |
Securities available-for-sale | 489,091,103 | 495,321,664 |
US Treasury Securities [Member] | ||
Amortized cost | 6,917,000 | 6,413,000 |
Gross unrealized gains | 2,000 | |
Gross unrealized losses | (129,000) | (48,000) |
Estimated fair value | 6,788,000 | 6,367,000 |
Securities available-for-sale | 6,788,000 | 6,367,000 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost | 114,359,000 | 111,900,000 |
Gross unrealized gains | 25,000 | 136,000 |
Gross unrealized losses | (1,743,000) | (773,000) |
Estimated fair value | 112,641,000 | 111,263,000 |
Securities available-for-sale | 112,641,000 | 111,263,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 77,873,000 | 81,685,000 |
Gross unrealized gains | 173,000 | 422,000 |
Gross unrealized losses | (1,133,000) | (327,000) |
Estimated fair value | 76,913,000 | 81,780,000 |
Securities available-for-sale | 76,913,000 | 81,780,000 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost | 237,150,000 | 237,349,000 |
Gross unrealized gains | 708,000 | 1,233,000 |
Gross unrealized losses | (2,313,000) | (1,169,000) |
Estimated fair value | 235,545,000 | 237,413,000 |
Securities available-for-sale | 235,545,000 | 237,413,000 |
Corporate Debt Securities [Member] | ||
Amortized cost | 58,511,000 | 58,647,000 |
Gross unrealized gains | 11,000 | 206,000 |
Gross unrealized losses | (1,318,000) | (389,000) |
Estimated fair value | 57,204,000 | 58,464,000 |
Securities available-for-sale | $ 57,204,000 | 58,464,000 |
Equity Securities, Other [Member] | ||
Amortized cost | 15,000 | |
Gross unrealized gains | 20,000 | |
Gross unrealized losses | 0 | |
Estimated fair value | 35,000 | |
Securities available-for-sale | $ 35,000 |
Note 6 - Debt and Equity Secu38
Note 6 - Debt and Equity Securities - Proceeds, Gains and Losses From Securities Available-for-sale (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Proceeds from sales of securities available-for-sale | $ 10,641 | |
Gross realized gains on securities available-for-sale | 367 | |
Gross realized losses on securities available-for-sale | (2) | |
Tax provision applicable to net realized gains on securities available-for-sale | $ 128 |
Note 6 - Debt and Equity Secu39
Note 6 - Debt and Equity Securities - Securities Available-for-sale Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Less than 12 months, estimated fair value | $ 332,810 | $ 238,124 |
Less than 12 months, unrealized losses | (5,061) | (1,743) |
12 months or more, estimated fair value | 37,652 | 38,852 |
12 months or more, unrealized losses | (1,575) | (963) |
Total estimated fair value | 370,462 | 276,976 |
Total unrealized losses | (6,636) | (2,706) |
US Treasury Securities [Member] | ||
Less than 12 months, estimated fair value | 6,788 | 4,894 |
Less than 12 months, unrealized losses | (129) | (48) |
12 months or more, estimated fair value | 0 | 0 |
12 months or more, unrealized losses | 0 | 0 |
Total estimated fair value | 6,788 | 4,894 |
Total unrealized losses | (129) | (48) |
US Government Agencies Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 97,368 | 73,953 |
Less than 12 months, unrealized losses | (1,408) | (549) |
12 months or more, estimated fair value | 9,678 | 10,168 |
12 months or more, unrealized losses | (335) | (224) |
Total estimated fair value | 107,046 | 84,121 |
Total unrealized losses | (1,743) | (773) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, estimated fair value | 60,207 | 39,565 |
Less than 12 months, unrealized losses | (999) | (245) |
12 months or more, estimated fair value | 5,121 | 5,344 |
12 months or more, unrealized losses | (134) | (82) |
Total estimated fair value | 65,328 | 44,909 |
Total unrealized losses | (1,133) | (327) |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 120,587 | 89,904 |
Less than 12 months, unrealized losses | (1,588) | (703) |
12 months or more, estimated fair value | 16,348 | 16,631 |
12 months or more, unrealized losses | (725) | (466) |
Total estimated fair value | 136,935 | 106,535 |
Total unrealized losses | (2,313) | (1,169) |
Corporate Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 47,860 | 29,808 |
Less than 12 months, unrealized losses | (937) | (198) |
12 months or more, estimated fair value | 6,505 | 6,709 |
12 months or more, unrealized losses | (381) | (191) |
Total estimated fair value | 54,365 | 36,517 |
Total unrealized losses | $ (1,318) | $ (389) |
Note 7 - Loans Receivable and40
Note 7 - Loans Receivable and Credit Disclosures (Details Textual) | 3 Months Ended | ||
Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | Dec. 31, 2017USD ($) | |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 83,000 | $ 98,000 | |
Financing Receivable, Recorded Investment, Nonaccrual Status | 4,279,000 | $ 4,810,000 | |
Financing Receivable, Modifications, Recorded Investment | $ 2,814,000 | $ 2,984,000 | |
Number Of Restructured Loans Granting Concessions | 0 | 0 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 3 |
Note 7 - Loans Receivable and41
Note 7 - Loans Receivable and Credit Disclosures - Activity in Allowance for Loan Losses (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Balance | $ 11,321,000 | $ 10,507,000 |
Provision for loan losses | 29,000 | 397,574 |
Recoveries of loans charged-off | 28,000 | 6,000 |
Loans charged-off | (55,000) | (9,000) |
Balance | 11,323,000 | 10,902,000 |
Construction Real Estate [Member] | ||
Balance | 796,000 | 908,000 |
Provision for loan losses | 8,000 | 24,000 |
Recoveries of loans charged-off | 0 | |
Loans charged-off | 0 | 0 |
Balance | 804,000 | 932,000 |
Family Residential Real Estate 1-4 [Member] | ||
Balance | 1,716,000 | 1,711,000 |
Provision for loan losses | 26,000 | 6,000 |
Recoveries of loans charged-off | 2,000 | 2,000 |
Loans charged-off | ||
Balance | 1,744,000 | 1,719,000 |
Commercial Real Estate Portfolio Segment [Member] | ||
Balance | 4,734,000 | 3,960,000 |
Provision for loan losses | 29,000 | 316,000 |
Recoveries of loans charged-off | 0 | 0 |
Loans charged-off | 0 | 0 |
Balance | 4,763,000 | 4,276,000 |
Agriculture Real Estate [Member] | ||
Balance | 997,000 | 861,000 |
Provision for loan losses | (20,000) | 37,000 |
Recoveries of loans charged-off | 0 | 0 |
Loans charged-off | 0 | 0 |
Balance | 977,000 | 898,000 |
Commercial Portfolio Segment [Member] | ||
Balance | 1,739,000 | 1,728,000 |
Provision for loan losses | (6,000) | 74,000 |
Recoveries of loans charged-off | 18,000 | 1,000 |
Loans charged-off | (1,000) | |
Balance | 1,750,000 | 1,803,000 |
Agriculture [Member] | ||
Balance | 1,171,000 | 1,216,000 |
Provision for loan losses | (3,000) | (74,000) |
Recoveries of loans charged-off | 0 | 0 |
Loans charged-off | 0 | 0 |
Balance | 1,168,000 | 1,142,000 |
Consumer and Other [Member] | ||
Balance | 168,000 | 123,000 |
Provision for loan losses | (5,000) | 15,000 |
Recoveries of loans charged-off | 8,000 | 3,000 |
Loans charged-off | (54,000) | (9,000) |
Balance | $ 117,000 | $ 132,000 |
Note 7 - Loans Receivable and42
Note 7 - Loans Receivable and Credit Disclosures - Allowance for Loan Losses Impairment Analysis (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Individually evaluated for impairment | $ 794 | $ 811 |
Collectively evaluated for impairment | 10,529 | 10,510 |
Balance | 11,323 | 11,321 |
Construction Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 804 | 796 |
Balance | 804 | 796 |
Family Residential Real Estate 1-4 [Member] | ||
Individually evaluated for impairment | 69 | 42 |
Collectively evaluated for impairment | 1,675 | 1,674 |
Balance | 1,744 | 1,716 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for impairment | 115 | 115 |
Collectively evaluated for impairment | 4,648 | 4,619 |
Balance | 4,763 | 4,734 |
Agriculture Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 977 | 997 |
Balance | 977 | 997 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for impairment | 582 | 607 |
Collectively evaluated for impairment | 1,168 | 1,132 |
Balance | 1,750 | 1,739 |
Agriculture [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 1,168 | 1,171 |
Balance | 1,168 | 1,171 |
Consumer and Other [Member] | ||
Individually evaluated for impairment | 28 | 47 |
Collectively evaluated for impairment | 89 | 121 |
Balance | $ 117 | $ 168 |
Note 7 - Loans Receivable and43
Note 7 - Loans Receivable and Credit Disclosures - Loans Receivable Impairment Analysis (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Individually evaluated for impairment | $ 4,279 | $ 4,810 |
Collectively evaluated for impairment | 779,632 | 778,140 |
Balance | 783,911 | 782,950 |
Construction Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 50,904 | 50,309 |
Balance | 50,904 | 50,309 |
Family Residential Real Estate 1-4 [Member] | ||
Individually evaluated for impairment | 902 | 689 |
Collectively evaluated for impairment | 146,645 | 145,569 |
Balance | 147,547 | 146,258 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for impairment | 366 | 901 |
Collectively evaluated for impairment | 351,546 | 349,725 |
Balance | 351,912 | 350,626 |
Agriculture Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 81,030 | 81,790 |
Balance | 81,030 | 81,790 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for impairment | 2,978 | 3,140 |
Collectively evaluated for impairment | 70,721 | 70,676 |
Balance | 73,699 | 73,816 |
Agriculture [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 70,773 | 69,806 |
Balance | 70,773 | 69,806 |
Consumer and Other [Member] | ||
Individually evaluated for impairment | 33 | 80 |
Collectively evaluated for impairment | 8,013 | 10,265 |
Balance | $ 8,046 | $ 10,345 |
Note 7 - Loans Receivable and44
Note 7 - Loans Receivable and Credit Disclosures - Impaired Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Impaired financing receivable with no related allowance, recorded investment | $ 778 | $ 1,393 |
Impaired financing receivable with no related allowance, unpaid principal balance | 1,367 | 2,222 |
Impaired financing receivable with related allowance, recorded investment | 3,501 | 3,417 |
Impaired financing receivable with related allowance, unpaid principal balance | 3,856 | 3,789 |
Impaired financing receivable, related allowance | 794 | 811 |
Impaired financing receivable, recorded investment | 4,279 | 4,810 |
Impaired financing receivable, unpaid principal balance | 5,223 | 6,011 |
Construction Real Estate [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | ||
Impaired financing receivable with no related allowance, unpaid principal balance | ||
Impaired financing receivable with related allowance, recorded investment | ||
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 | ||
Family Residential Real Estate 1-4 [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 567 | 572 |
Impaired financing receivable with no related allowance, unpaid principal balance | 690 | 677 |
Impaired financing receivable with related allowance, recorded investment | 335 | 117 |
Impaired financing receivable with related allowance, unpaid principal balance | 362 | 180 |
Impaired financing receivable, related allowance | 69 | 42 |
Impaired financing receivable, recorded investment | 902 | 689 |
Impaired financing receivable, unpaid principal balance | 1,052 | 857 |
Commercial Real Estate Portfolio Segment [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 147 | 671 |
Impaired financing receivable with no related allowance, unpaid principal balance | 609 | 1,353 |
Impaired financing receivable with related allowance, recorded investment | 219 | 230 |
Impaired financing receivable with related allowance, unpaid principal balance | 219 | 230 |
Impaired financing receivable, related allowance | 115 | 115 |
Impaired financing receivable, recorded investment | 366 | 901 |
Impaired financing receivable, unpaid principal balance | 828 | 1,583 |
Agriculture Real Estate [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | ||
Impaired financing receivable with no related allowance, unpaid principal balance | ||
Impaired financing receivable with related allowance, recorded investment | ||
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, recorded investment | 64 | 125 |
Impaired financing receivable with no related allowance, unpaid principal balance | 68 | 148 |
Impaired financing receivable with related allowance, recorded investment | 2,914 | 3,015 |
Impaired financing receivable with related allowance, unpaid principal balance | 3,238 | 3,336 |
Impaired financing receivable, related allowance | 582 | 607 |
Impaired financing receivable, recorded investment | 2,978 | 3,140 |
Impaired financing receivable, unpaid principal balance | 3,306 | 3,484 |
Agriculture [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | ||
Impaired financing receivable with no related allowance, unpaid principal balance | ||
Impaired financing receivable with related allowance, recorded investment | ||
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 | ||
Consumer and Other [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 25 | |
Impaired financing receivable with no related allowance, unpaid principal balance | 44 | |
Impaired financing receivable with related allowance, recorded investment | 33 | 55 |
Impaired financing receivable with related allowance, unpaid principal balance | 37 | 43 |
Impaired financing receivable, related allowance | 28 | 47 |
Impaired financing receivable, recorded investment | 33 | 80 |
Impaired financing receivable, unpaid principal balance | $ 37 | $ 87 |
Note 7 - Loans Receivable and45
Note 7 - Loans Receivable and Credit Disclosures - Average Recorded Investment and Interest Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Impaired financing receivable, with no related allowance, average recorded investment | $ 1,087 | $ 3,867 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 281 | 3 |
Impaired financing receivable, with related allowance, average recorded investment | 3,460 | 1,353 |
Impaired financing receivable, with related allowance, interest income, accrual method | 1 | |
Impaired financing receivable, average recorded investment | 4,547 | 5,220 |
Impaired financing receivable, interest income, accrual method | 282 | 3 |
Family Residential Real Estate 1-4 [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 570 | 438 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 23 | 3 |
Impaired financing receivable, with related allowance, average recorded investment | 226 | 196 |
Impaired financing receivable, average recorded investment | 796 | 634 |
Impaired financing receivable, interest income, accrual method | 23 | 3 |
Commercial Real Estate Portfolio Segment [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 409 | 580 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 258 | |
Impaired financing receivable, with related allowance, average recorded investment | 225 | |
Impaired financing receivable, average recorded investment | 634 | 580 |
Impaired financing receivable, interest income, accrual method | 258 | |
Commercial Portfolio Segment [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 95 | 2,774 |
Impaired financing receivable, with related allowance, average recorded investment | 2,965 | 1,123 |
Impaired financing receivable, average recorded investment | 3,060 | 3,897 |
Consumer and Other [Member] | ||
Impaired financing receivable, with no related allowance, average recorded investment | 13 | 75 |
Impaired financing receivable, with related allowance, average recorded investment | 44 | 2 |
Impaired financing receivable, with related allowance, interest income, accrual method | 1 | |
Impaired financing receivable, average recorded investment | 57 | 77 |
Impaired financing receivable, interest income, accrual method | $ 1 | |
Construction Real Estate [Member] | ||
Impaired financing receivable, with related allowance, average recorded investment | 32 | |
Impaired financing receivable, average recorded investment | $ 32 |
Note 7 - Loans Receivable and46
Note 7 - Loans Receivable and Credit Disclosures - Past Due Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financing receivable, recorded investment, past due | $ 3,274 | $ 4,045 |
Financing receivable, recorded investment, current | 780,637 | 778,905 |
Financing receivable, recorded investment, total | 783,911 | 782,950 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 18 |
Construction Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 50 | 159 |
Financing receivable, recorded investment, current | 50,854 | 50,150 |
Financing receivable, recorded investment, total | 50,904 | 50,309 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Family Residential Real Estate 1-4 [Member] | ||
Financing receivable, recorded investment, past due | 1,177 | 1,354 |
Financing receivable, recorded investment, current | 146,370 | 144,904 |
Financing receivable, recorded investment, total | 147,547 | 146,258 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 18 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 219 | 992 |
Financing receivable, recorded investment, current | 351,693 | 349,634 |
Financing receivable, recorded investment, total | 351,912 | 350,626 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Agriculture Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 0 | 655 |
Financing receivable, recorded investment, current | 81,030 | 81,135 |
Financing receivable, recorded investment, total | 81,030 | 81,790 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 1,662 | 693 |
Financing receivable, recorded investment, current | 72,037 | 73,123 |
Financing receivable, recorded investment, total | 73,699 | 73,816 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 145 | 77 |
Financing receivable, recorded investment, current | 70,628 | 69,729 |
Financing receivable, recorded investment, total | 70,773 | 69,806 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | 21 | 115 |
Financing receivable, recorded investment, current | 8,025 | 10,230 |
Financing receivable, recorded investment, total | 8,046 | 10,345 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Financing Receivables 30 to 89 Days Past Due [Member] | ||
Financing receivable, recorded investment, past due | 2,133 | 2,546 |
Financing Receivables 30 to 89 Days Past Due [Member] | Construction Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 50 | 159 |
Financing Receivables 30 to 89 Days Past Due [Member] | Family Residential Real Estate 1-4 [Member] | ||
Financing receivable, recorded investment, past due | 563 | 940 |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 0 | 363 |
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 0 | 655 |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 1,354 | 275 |
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 145 | 77 |
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | 21 | 77 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing receivable, recorded investment, past due | 1,141 | 1,499 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Family Residential Real Estate 1-4 [Member] | ||
Financing receivable, recorded investment, past due | 614 | 414 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 219 | 629 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Agriculture Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 308 | 418 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | $ 0 | $ 38 |
Note 7 - Loans Receivable and47
Note 7 - Loans Receivable and Credit Disclosures - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Loan and lease receivable other than consumer and residential | $ 628,318 | $ 626,347 |
Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 531,888 | 532,556 |
Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 72,487 | 82,493 |
Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 9,942 | 184 |
Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 10,657 | 7,073 |
Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 3,344 | 4,041 |
Construction Real Estate [Member] | ||
Loan and lease receivable other than consumer and residential | 50,904 | 50,309 |
Construction Real Estate [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 48,120 | 47,726 |
Construction Real Estate [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 2,784 | 2,583 |
Construction Real Estate [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | 0 |
Construction Real Estate [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | |
Construction Real Estate [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loan and lease receivable other than consumer and residential | 351,912 | 350,626 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 319,918 | 319,178 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 19,876 | 27,528 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 9,942 | 184 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 1,810 | 2,835 |
Commercial Real Estate Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 366 | 901 |
Agriculture Real Estate [Member] | ||
Loan and lease receivable other than consumer and residential | 81,030 | 81,790 |
Agriculture Real Estate [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 59,380 | 60,301 |
Agriculture Real Estate [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 15,356 | 20,114 |
Agriculture Real Estate [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | |
Agriculture Real Estate [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 6,294 | 1,375 |
Agriculture Real Estate [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Loan and lease receivable other than consumer and residential | 73,699 | 73,816 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 58,578 | 59,535 |
Commercial Portfolio Segment [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 10,898 | 9,628 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 1,245 | 1,513 |
Commercial Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 2,978 | 3,140 |
Agriculture [Member] | ||
Loan and lease receivable other than consumer and residential | 70,773 | 69,806 |
Agriculture [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 45,892 | 45,816 |
Agriculture [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 23,573 | 22,640 |
Agriculture [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 0 | |
Agriculture [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 1,308 | 1,350 |
Agriculture [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | $ 0 | $ 0 |
Note 7 - Loans Receivable and48
Note 7 - Loans Receivable and Credit Disclosures - Credit Risk Profile Based on Payment Activity (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Loan and lease receivable, consumer and residential | $ 155,593 | $ 156,603 |
Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 154,659 | 155,815 |
Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 934 | 788 |
Family Residential Real Estate 1-4 [Member] | ||
Loan and lease receivable, consumer and residential | 147,547 | 146,258 |
Family Residential Real Estate 1-4 [Member] | Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 146,646 | 145,551 |
Family Residential Real Estate 1-4 [Member] | Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 901 | 707 |
Consumer and Other [Member] | ||
Loan and lease receivable, consumer and residential | 8,046 | 10,345 |
Consumer and Other [Member] | Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 8,013 | 10,264 |
Consumer and Other [Member] | Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | $ 33 | $ 81 |
Note 8 - Goodwill (Details Text
Note 8 - Goodwill (Details Textual) | 3 Months Ended |
Mar. 31, 2018 | |
Finite Tax Lived Intangible Asset, Useful Life | 15 years |
Note 9 - Intangible Assets (Det
Note 9 - Intangible Assets (Details Textual) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 2 years 182 days | 2 years 182 days |
Note 9 - Intangible Assets - In
Note 9 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Intangible asset, gross amount | $ 3,053 | $ 3,038 |
Intangible asset, accumulated amortization | 2,034 | 1,947 |
Core Deposits [Member] | ||
Intangible asset, gross amount | 2,518 | 2,518 |
Intangible asset, accumulated amortization | 1,929 | 1,861 |
Customer Lists [Member] | ||
Intangible asset, gross amount | 535 | 520 |
Intangible asset, accumulated amortization | $ 105 | $ 86 |
Note 9 - Intangible Assets - Co
Note 9 - Intangible Assets - Core Deposit Intangible Assets Activity (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Intangible asset, net | $ 1,091,462 | |
Amortization | (87,535) | $ (98,802) |
Intangible asset, net | 1,018,887 | |
Core Deposits [Member] | ||
Intangible asset, net | 1,091,000 | 1,353,000 |
Adjustment to intangible asset | 15,000 | (17,000) |
Amortization | (87,000) | (98,000) |
Intangible asset, net | $ 1,019,000 | $ 1,238,000 |
Note 9 - Intangible Assets - Es
Note 9 - Intangible Assets - Estimated Remaining Amortization Expense on Intangible Assets on Core Deposits (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Intangible asset, net | $ 1,018,887 | $ 1,091,462 | ||
Core Deposits [Member] | ||||
2,018 | 242,000 | |||
2,019 | 206,000 | |||
2,020 | 149,000 | |||
2,021 | 149,000 | |||
2,022 | 144,000 | |||
2,023 | 129,000 | |||
Intangible asset, net | $ 1,019,000 | $ 1,091,000 | $ 1,238,000 | $ 1,353,000 |
Note 10 - Pledged Collateral 54
Note 10 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements - Pledged Collateral at Estimated Fair Value (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Securities sold under agreements to repurchase | $ 76,651 | $ 86,607 |
Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 69,724 | 71,621 |
US Treasury and Government [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 1,468 | 1,474 |
US Treasury and Government [Member] | Collateral Related to Term Repurchase Agreements [Member] | ||
Securities sold under agreements to repurchase | 6,927 | 14,986 |
US Government Agencies Debt Securities [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 46,940 | 47,323 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 21,316 | 22,824 |
Maturity Overnight [Member] | ||
Securities sold under agreements to repurchase | 69,724 | 71,621 |
Maturity Overnight [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 69,724 | 71,621 |
Maturity Overnight [Member] | US Treasury and Government [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 1,468 | 1,474 |
Maturity Overnight [Member] | US Treasury and Government [Member] | Collateral Related to Term Repurchase Agreements [Member] | ||
Securities sold under agreements to repurchase | 0 | 0 |
Maturity Overnight [Member] | US Government Agencies Debt Securities [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 46,940 | 47,323 |
Maturity Overnight [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 21,316 | 22,824 |
Maturity Greater than 90 Days [Member] | ||
Securities sold under agreements to repurchase | 6,927 | 14,986 |
Maturity Greater than 90 Days [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 0 | 0 |
Maturity Greater than 90 Days [Member] | US Treasury and Government [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 0 | 0 |
Maturity Greater than 90 Days [Member] | US Treasury and Government [Member] | Collateral Related to Term Repurchase Agreements [Member] | ||
Securities sold under agreements to repurchase | 6,927 | 14,986 |
Maturity Greater than 90 Days [Member] | US Government Agencies Debt Securities [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 0 | 0 |
Maturity Greater than 90 Days [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | $ 0 | $ 0 |
Note 11 - Regulatory Matters (D
Note 11 - Regulatory Matters (Details Textual) | Mar. 31, 2018 | Dec. 31, 2017 |
Capital Conservation Buffer to Risk Weighted Assets | 1.875% | 1.25% |
Tier One Risk Based Capital Conservation Buffer Required for Capital Adequacy to Risk Weighted Assets | 1.875% | 1.25% |
Common Equity Tier One Risk Based Capital Conservation Buffer Required for Capital Adequacy to Risk Weighted Assets | 1.875% | 1.25% |
Effective January 2019 [Member] | ||
Common Equity Tier One Capital Conservation Buffer | 2.50% |
Note 11 - Regulatory Matters -
Note 11 - Regulatory Matters - Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | ||
Capital | $ 175,304 | $ 176,306 | ||
Capital to risk weighted assets | 17.60% | 17.60% | ||
Capital required for capital adequacy | $ 98,591 | [1] | $ 92,500 | [2] |
Capital required for capital adequacy to risk weighted assets | 9.875% | [1] | 9.25% | [2] |
Tier one risk based capital | $ 163,466 | $ 164,467 | ||
Tier one risk based capital to risk weighted assets | 16.40% | 16.40% | ||
Tier one risk based capital required for capital adequacy | $ 78,623 | [1] | $ 72,500 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 7.875% | [1] | 7.25% | [2] |
Tier one leverage capital | $ 163,466 | $ 164,467 | ||
Tier one leverage capital to average assets | 12.10% | 12.10% | ||
Tier one leverage capital required for capital adequacy | $ 54,521 | $ 54,264 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Common equity tier one capital | $ 163,466 | $ 164,467 | ||
Common equity tier one risk based capital to risk weighted assets | 16.40% | 16.40% | ||
Common equity tier one capital required for capital adequacy | $ 63,648 | [1] | $ 57,500 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 6.375% | [1] | 5.75% | [2] |
Boone Bank and Trust [Member] | ||||
Capital | $ 15,400 | $ 15,344 | ||
Capital to risk weighted assets | 16.20% | 16.50% | ||
Capital required for capital adequacy | $ 9,379 | [1] | $ 8,613 | [2] |
Capital required for capital adequacy to risk weighted assets | 9.875% | [1] | 9.25% | [2] |
Capital required to be well capitalized | $ 9,498 | $ 9,312 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 14,503 | $ 14,453 | ||
Tier one risk based capital to risk weighted assets | 15.30% | 15.50% | ||
Tier one risk based capital required for capital adequacy | $ 7,480 | [1] | $ 6,751 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 7.875% | [1] | 7.25% | [2] |
Tier one risk based capital required to be well capitalized | $ 7,598 | $ 7,449 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 14,503 | $ 14,453 | ||
Tier one leverage capital to average assets | 10.90% | 10.40% | ||
Tier one leverage capital required for capital adequacy | $ 5,312 | $ 5,568 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | $ 6,640 | $ 6,960 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 14,503 | $ 14,453 | ||
Common equity tier one risk based capital to risk weighted assets | 15.30% | 15.50% | ||
Common equity tier one capital required for capital adequacy | $ 6,055 | [1] | $ 5,354 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 6.375% | [1] | 5.75% | [2] |
Common equity tier one capital required to be well capitalized | $ 6,174 | $ 6,053 | ||
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 | $ 82,254 | $ 81,390 | ||
Capital to risk weighted assets | 15.60% | 15.50% | ||
Capital required for capital adequacy | $ 51,925 | [1] | $ 48,466 | [2] |
Capital required for capital adequacy to risk weighted assets | 9.875% | [1] | 9.25% | [2] |
Capital required to be well capitalized | $ 52,582 | $ 52,396 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 76,237 | $ 75,404 | ||
Tier one risk based capital to risk weighted assets | 14.50% | 14.40% | ||
Tier one risk based capital required for capital adequacy | $ 41,408 | [1] | $ 37,987 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 7.875% | [1] | 7.25% | [2] |
Tier one risk based capital required to be well capitalized | $ 42,066 | $ 41,917 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 76,237 | $ 75,404 | ||
Tier one leverage capital to average assets | 10.20% | 10.10% | ||
Tier one leverage capital required for capital adequacy | $ 29,850 | $ 29,910 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | $ 37,313 | $ 37,387 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 76,237 | $ 75,404 | ||
Common equity tier one risk based capital to risk weighted assets | 14.50% | 14.40% | ||
Common equity tier one capital required for capital adequacy | $ 33,521 | [1] | $ 30,128 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 6.375% | [1] | 5.75% | [2] |
Common equity tier one capital required to be well capitalized | $ 34,178 | $ 34,058 | ||
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 | $ 27,255 | $ 26,982 | ||
Capital to risk weighted assets | 15.40% | 15.30% | ||
Capital required for capital adequacy | $ 17,484 | [1] | $ 16,324 | [2] |
Capital required for capital adequacy to risk weighted assets | 9.875% | [1] | 9.25% | [2] |
Capital required to be well capitalized | $ 17,706 | $ 17,648 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 25,042 | $ 24,775 | ||
Tier one risk based capital to risk weighted assets | 14.10% | 14.00% | ||
Tier one risk based capital required for capital adequacy | $ 13,943 | [1] | $ 12,795 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 7.875% | [1] | 7.25% | [2] |
Tier one risk based capital required to be well capitalized | $ 14,165 | $ 14,118 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 25,042 | $ 24,775 | ||
Tier one leverage capital to average assets | 11.70% | 11.60% | ||
Tier one leverage capital required for capital adequacy | $ 8,598 | $ 8,553 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | $ 10,747 | $ 10,691 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 25,042 | $ 24,775 | ||
Common equity tier one risk based capital to risk weighted assets | 14.10% | 14.00% | ||
Common equity tier one capital required for capital adequacy | $ 11,287 | [1] | $ 10,147 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 6.375% | [1] | 5.75% | [2] |
Common equity tier one capital required to be well capitalized | $ 11,509 | $ 11,471 | ||
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | ||
State Bank and Trust [Member] | ||||
Capital | $ 20,287 | $ 20,064 | ||
Capital to risk weighted assets | 16.60% | 15.80% | ||
Capital required for capital adequacy | $ 12,045 | [1] | $ 11,738 | [2] |
Capital required for capital adequacy to risk weighted assets | 9.875% | [1] | 9.25% | [2] |
Capital required to be well capitalized | $ 12,198 | $ 12,690 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 18,758 | $ 18,475 | ||
Tier one risk based capital to risk weighted assets | 15.40% | 14.60% | ||
Tier one risk based capital required for capital adequacy | $ 9,606 | [1] | $ 9,200 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 7.875% | [1] | 7.25% | [2] |
Tier one risk based capital required to be well capitalized | $ 9,758 | $ 10,152 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 18,758 | $ 18,475 | ||
Tier one leverage capital to average assets | 11.70% | 11.80% | ||
Tier one leverage capital required for capital adequacy | $ 6,421 | $ 6,284 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | $ 8,026 | $ 7,856 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 18,758 | $ 18,475 | ||
Common equity tier one risk based capital to risk weighted assets | 15.40% | 14.60% | ||
Common equity tier one capital required for capital adequacy | $ 7,776 | [1] | $ 7,297 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 6.375% | [1] | 5.75% | [2] |
Common equity tier one capital required to be well capitalized | $ 7,929 | $ 8,248 | ||
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | ||
United Bank and Trust [Member] | ||||
Capital | $ 14,933 | $ 14,833 | ||
Capital to risk weighted assets | 20.00% | 19.90% | ||
Capital required for capital adequacy | $ 7,387 | [1] | $ 6,878 | [2] |
Capital required for capital adequacy to risk weighted assets | 9.875% | [1] | 9.25% | [2] |
Capital required to be well capitalized | $ 7,481 | $ 7,436 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 14,121 | $ 14,012 | ||
Tier one risk based capital to risk weighted assets | 18.90% | 18.80% | ||
Tier one risk based capital required for capital adequacy | $ 5,891 | [1] | $ 5,391 | [2] |
Tier one risk based capital required for capital adequacy to risk weighted assets | 7.875% | [1] | 7.25% | [2] |
Tier one risk based capital required to be well capitalized | $ 5,985 | $ 5,649 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 14,121 | $ 14,012 | ||
Tier one leverage capital to average assets | 13.10% | 12.80% | ||
Tier one leverage capital required for capital adequacy | $ 4,316 | $ 4,362 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Tier one leverage capital required to be well capitalized | $ 5,395 | $ 5,453 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 14,121 | $ 14,012 | ||
Common equity tier one risk based capital to risk weighted assets | 18.90% | 18.80% | ||
Common equity tier one capital required for capital adequacy | $ 4,769 | [1] | $ 4,276 | [2] |
Common equity tier one risk based capital required for capital adequacy to risk weighted assets | 6.375% | [1] | 5.75% | [2] |
Common equity tier one capital required to be well capitalized | $ 4,862 | $ 4,833 | ||
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | ||
[1] | These ratios for March 31, 2018 include a capital conservation buffer of 1.875%, except for the Tier 1 capital to average weighted assets ratios. | |||
[2] | These ratios for December 31, 2017 include a capital conservation buffer of 1.25%, except for the Tier 1 capital to average weighted assets ratios. |
Note 12 - Subsequent Events (De
Note 12 - Subsequent Events (Details Textual) | 3 Months Ended |
Sep. 30, 2018USD ($) | |
Acquisition of Clarke County State Bank [Member] | Scenario, Forecast [Member] | |
Payments to Acquire Businesses, Gross | $ 15,000,000 |