Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 31, 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 Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 9,310,913 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 25,318,944 | $ 26,397,550 |
Interest bearing deposits in financial institutions | 38,048,525 | 43,021,953 |
Securities available-for-sale | 474,442,299 | 495,321,664 |
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost | 2,946,100 | 3,021,200 |
Loans receivable, net | 859,830,015 | 771,549,655 |
Loans held for sale | 279,940 | |
Bank premises and equipment, net | 16,071,119 | 15,399,146 |
Accrued income receivable | 9,485,035 | 8,382,391 |
Other real estate owned | 729,795 | 385,509 |
Bank-owned life insurance | 2,757,310 | |
Deferred income taxes, net | 4,803,300 | 2,542,533 |
Intangible assets, net | 2,842,085 | 1,091,462 |
Goodwill | 9,618,621 | 6,732,216 |
Other assets | 1,079,179 | 1,214,371 |
Total assets | 1,448,252,267 | 1,375,059,650 |
Deposits | ||
Demand, noninterest bearing | 220,806,001 | 227,332,347 |
NOW accounts | 369,779,264 | 322,392,945 |
Savings and money market | 414,057,574 | 389,630,180 |
Time, $250,000 and over | 42,849,563 | 38,838,782 |
Other time | 168,268,111 | 156,196,433 |
Total deposits | 1,215,760,513 | 1,134,390,687 |
Securities sold under agreements to repurchase | 48,858,900 | 37,424,619 |
Federal Home Loan Bank (FHLB) advances | 8,400,000 | 13,500,000 |
Other borrowings | 13,000,000 | |
Dividends payable | 2,141,510 | 2,048,401 |
Accrued expenses and other liabilities | 4,461,535 | 3,942,801 |
Total liabilities | 1,279,622,458 | 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 September 30, 2018 and December 31, 2017 | 18,621,826 | 18,621,826 |
Additional paid-in capital | 20,878,728 | 20,878,728 |
Retained earnings | 135,828,253 | 131,684,961 |
Accumulated other comprehensive (loss) - net unrealized (loss) on securities available-for-sale | (6,698,998) | (432,373) |
Total stockholders' equity | 168,629,809 | 170,753,142 |
Total liabilities and stockholders' equity | $ 1,448,252,267 | $ 1,375,059,650 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Sep. 30, 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 | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest income: | ||||
Loans, including fees | $ 9,557,527 | $ 8,729,702 | $ 27,442,604 | $ 25,345,116 |
Securities: | ||||
Taxable | 1,545,541 | 1,557,872 | 4,638,503 | 4,637,498 |
Tax-exempt | 1,085,131 | 1,210,510 | 3,451,084 | 3,819,380 |
Interest bearing deposits and federal funds sold | 272,358 | 114,820 | 721,417 | 365,346 |
Total interest income | 12,460,557 | 11,612,904 | 36,253,608 | 34,167,340 |
Interest expense: | ||||
Deposits | 1,740,579 | 1,169,296 | 4,736,455 | 3,204,115 |
Other borrowed funds | 134,017 | 292,054 | 533,870 | 862,798 |
Total interest expense | 1,874,596 | 1,461,350 | 5,270,325 | 4,066,913 |
Net interest income | 10,585,961 | 10,151,554 | 30,983,283 | 30,100,427 |
Provision for loan losses | 100,000 | 57,277 | 192,978 | 1,221,620 |
Net interest income after provision for loan losses | 10,485,961 | 10,094,277 | 30,790,305 | 28,878,807 |
Noninterest income: | ||||
Securities gains, net | 37,881 | 498,560 | ||
Gain on sale of loans held for sale | 207,856 | 179,553 | 576,441 | 544,095 |
Gain on foreclosure of other real estate owned | 162,862 | 162,862 | ||
Other noninterest income | 191,130 | 144,953 | 570,685 | 598,791 |
Total noninterest income | 2,161,803 | 1,860,105 | 5,916,677 | 5,965,871 |
Noninterest expense: | ||||
Salaries and employee benefits | 4,331,976 | 4,026,932 | 13,216,844 | 12,058,903 |
Data processing | 838,414 | 807,419 | 2,506,804 | 2,481,331 |
Occupancy expenses, net | 536,004 | 527,071 | 1,490,395 | 1,546,657 |
FDIC insurance assessments | 99,934 | 111,987 | 308,002 | 326,958 |
Professional fees | 423,172 | 307,484 | 1,123,577 | 919,157 |
Business development | 327,985 | 262,408 | 821,344 | 722,869 |
Intangible asset amortization | 94,883 | 89,861 | 266,337 | 280,837 |
Data conversion costs | 167,815 | 167,815 | ||
Other operating expenses, net | 167,649 | 162,826 | 664,914 | 835,414 |
Total noninterest expense | 6,987,832 | 6,295,988 | 20,566,032 | 19,172,126 |
Income before income taxes | 5,659,932 | 5,658,394 | 16,140,950 | 15,672,552 |
Provision for income taxes | 1,201,100 | 1,729,987 | 3,328,100 | 4,661,687 |
Net income | $ 4,458,832 | $ 3,928,407 | $ 12,812,850 | $ 11,010,865 |
Basic and diluted earnings per share (in dollars per share) | $ 0.48 | $ 0.42 | $ 1.38 | $ 1.18 |
Cash dividends declared, per share (in dollars per share) | $ 0.23 | $ 0.22 | $ 0.94 | $ 0.66 |
Fiduciary and Trust [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 877,146 | $ 747,634 | $ 2,534,510 | $ 2,180,941 |
Financial Service [Member] | ||||
Noninterest income: | ||||
Noninterest income | 363,993 | 401,237 | 1,036,841 | 1,126,122 |
Credit and Debit Card [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 358,816 | $ 348,847 | $ 1,035,338 | $ 1,017,362 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income | $ 4,458,832 | $ 3,928,407 | $ 12,812,850 | $ 11,010,865 |
Other comprehensive income (loss), before tax: | ||||
Unrealized holding gains (losses) arising during the period | (2,171,391) | (270,853) | (8,245,692) | 5,828,684 |
Less: reclassification adjustment for gains realized in net income | 37,881 | 498,560 | ||
Other comprehensive income (loss), before tax | (2,171,391) | (308,734) | (8,245,692) | 5,330,124 |
Tax effect related to other comprehensive income (loss) | 542,848 | 114,233 | 2,061,767 | (1,972,145) |
Other comprehensive income (loss), net of tax | (1,628,543) | (194,501) | (6,183,925) | 3,357,979 |
Comprehensive income | $ 2,830,289 | $ 3,733,906 | $ 6,628,925 | $ 14,368,844 |
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 | 11,010,865 | 11,010,865 | |||
Other comprehensive income (loss) | 3,357,979 | 3,357,979 | |||
Cash dividends declared | (6,145,203) | (6,145,203) | |||
Balance at Jun. 30, 2017 | 18,621,826 | 20,878,728 | 129,167,032 | 2,975,793 | 171,643,379 |
Net income | 3,928,407 | 3,928,407 | |||
Other comprehensive income (loss) | (194,501) | (194,501) | |||
Cash dividends declared | (2,048,401) | (2,048,401) | |||
Balance at Dec. 31, 2017 | 18,621,826 | 20,878,728 | 131,684,961 | (432,373) | 170,753,142 |
Net income | 12,812,850 | 12,812,850 | |||
Other comprehensive income (loss) | (6,183,925) | (6,183,925) | |||
Cash dividends declared | (8,752,258) | (8,752,258) | |||
Balance at Jun. 30, 2018 | $ 18,621,826 | $ 20,878,728 | 133,510,931 | (5,070,455) | 167,941,030 |
Net income | 4,458,832 | 4,458,832 | |||
Other comprehensive income (loss) | $ (1,628,543) | (1,628,543) | |||
Cash dividends declared | $ (2,141,510) | $ (2,141,510) |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | Aug. 08, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 |
Retained Earnings [Member] | |||||
Cash dividends declared, per share (in dollars per share) | $ 0.23 | $ 0.22 | $ 0.94 | $ 0.66 | |
Cash dividends declared, per share (in dollars per share) | $ 0.23 | $ 0.23 | $ 0.22 | $ 0.94 | $ 0.66 |
Consolidated Statements of St_3
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 | 11,010,865 | 11,010,865 | ||||
Other comprehensive income (loss) | 3,357,979 | 3,357,979 | ||||
Cash dividends declared | (6,145,203) | (6,145,203) | ||||
Balance at Sep. 30, 2017 | 18,621,826 | 20,878,728 | 131,047,038 | 2,781,292 | 173,328,884 | |
Balance at Jun. 30, 2017 | 18,621,826 | 20,878,728 | 129,167,032 | 2,975,793 | 171,643,379 | |
Net income | 3,928,407 | 3,928,407 | ||||
Other comprehensive income (loss) | (194,501) | (194,501) | ||||
Cash dividends declared | (2,048,401) | (2,048,401) | ||||
Balance at Sep. 30, 2017 | 18,621,826 | 20,878,728 | 131,047,038 | 2,781,292 | 173,328,884 | |
Balance at Dec. 31, 2017 | 18,621,826 | 20,878,728 | 131,684,961 | (432,373) | 170,753,142 | |
Net income | 12,812,850 | 12,812,850 | ||||
Other comprehensive income (loss) | (6,183,925) | (6,183,925) | ||||
Cash dividends declared | (8,752,258) | (8,752,258) | ||||
The cumulative effect from change in accounting policy (1) | [1] | 82,700 | (82,700) | |||
Balance at Sep. 30, 2018 | 18,621,826 | 20,878,728 | 135,828,253 | (6,698,998) | 168,629,809 | |
Balance at Jun. 30, 2018 | 18,621,826 | 20,878,728 | 133,510,931 | (5,070,455) | 167,941,030 | |
Net income | 4,458,832 | 4,458,832 | ||||
Other comprehensive income (loss) | (1,628,543) | (1,628,543) | ||||
Cash dividends declared | (2,141,510) | (2,141,510) | ||||
Balance at Sep. 30, 2018 | $ 18,621,826 | $ 20,878,728 | $ 135,828,253 | $ (6,698,998) | $ 168,629,809 | |
[1] | The cumulative effect for the nine months ended September 30, 2018, reflects adoption in first quarter 2018 of ASU 2018-02. |
Consolidated Statements of St_4
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | Aug. 08, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 |
Retained Earnings [Member] | |||||
Cash dividends declared, per share (in dollars per share) | $ 0.23 | $ 0.22 | $ 0.94 | $ 0.66 | |
Cash dividends declared, per share (in dollars per share) | $ 0.23 | $ 0.23 | $ 0.22 | $ 0.94 | $ 0.66 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2018USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | |
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net income | $ 4,458,832 | $ 12,812,850 | $ 11,010,865 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Provision for loan losses | 192,978 | 1,221,620 | |
Provision for off-balance sheet commitments | 9,000 | 4,000 | |
Amortization, net | 1,583,534 | 2,129,648 | |
Amortization of intangible asset | 94,883 | 266,337 | 280,837 |
Depreciation | 845,163 | 861,700 | |
Deferred income taxes | (24,000) | (303,999) | |
Securities gains, net | (498,560) | ||
(Gain) on sales of loans held for sale | (576,441) | (544,095) | |
Proceeds from loans held for sale | 23,480,924 | 22,668,307 | |
Originations of loans held for sale | (23,184,423) | (22,161,394) | |
Loss on sale of premises and equipment, net | 11,479 | 56,168 | |
(Gain) on sale and foreclosure of other real estate owned, net | (226,054) | (14,648) | |
Change in assets and liabilities: | |||
(Increase) in accrued income receivable | (239,749) | (654,349) | |
(Increase) decrease in other assets | 133,639 | (377,095) | |
Increase (decrease) in accrued expenses and other liabilities | 385,983 | (126,404) | |
Net cash provided by operating activities | 15,471,220 | 13,552,601 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchase of securities available-for-sale | (24,209,779) | (46,766,543) | |
Proceeds from sale of securities available-for-sale | 11,756,963 | ||
Proceeds from maturities and calls of securities available-for-sale | 52,143,244 | 48,326,502 | |
Purchase of FHLB stock | (3,070,400) | (4,505,400) | |
Proceeds from the redemption of FHLB stock | 3,275,100 | 4,261,600 | |
Net (increase) decrease in interest bearing deposits in financial institutions | 6,448,428 | (3,749,025) | |
Net (increase) in loans | (12,239,005) | (13,190,423) | |
Net proceeds from the sale of other real estate owned | 117,905 | 191,564 | |
Purchase of bank premises and equipment, net | (591,165) | (447,039) | |
Cash paid, net of cash acquired, for bank acquired | (13,443,219) | ||
Other | 1,139,029 | (61,761) | |
Net cash provided by (used in) investing activities | 9,570,138 | (4,183,562) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Increase (decrease) in deposits | (1,795,096) | 5,129,194 | |
Increase (decrease) in securities sold under agreements to repurchase | 2,434,281 | (19,336,317) | |
Payments on FHLB borrowings and other borrowings | (24,500,000) | (1,000,000) | |
Proceeds from short-term borrowings and other borrowings | 6,400,000 | 5,500,000 | |
Dividends paid | (8,659,149) | (6,052,094) | |
Net cash (used in) financing activities | (26,119,964) | (15,759,217) | |
Net (decrease) in cash and due from banks | (1,078,606) | (6,390,178) | |
Beginning | 26,397,550 | 29,478,068 | |
Ending | 25,318,944 | 25,318,944 | 23,087,890 |
Cash payments for: | |||
Interest | 5,039,767 | 4,027,782 | |
Income taxes | 3,484,746 | 5,050,220 | |
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES | |||
Transfer of loans receivable to other real estate owned | 116,137 | 16,668 | |
Recognized amounts of identifiable assets acquired and liabilities assumed: | |||
Goodwill | 9,618,621 | 9,618,621 | |
Acquisition of Clarke County State Bank [Member] | |||
Recognized amounts of identifiable assets acquired and liabilities assumed: | |||
Fair value of interest bearing deposits in financial institutions acquired | 1,475,000 | 1,475,000 | |
Fair value of federal funds sold acquired | 1,154,000 | 1,154,000 | |
Fair value of securities available-for-sale acquired | 17,196,715 | 17,196,715 | |
Fair value of loans receivable acquired | 76,041,470 | 76,041,470 | |
Fair value of bank premises and equipment acquired | 924,400 | 924,400 | |
Fair value of accrued interst receivable acquired | 862,895 | 862,895 | |
Fair value of other real estate owned acquired | 120,000 | 120,000 | |
Fair value of other tangible assets acquired | 318,596 | 318,596 | |
Fair value of bank owned life insurance | 2,754,798 | 2,754,798 | |
Goodwill | 2,886,405 | 2,886,405 | |
Core deposit intangible | 2,002,000 | 2,002,000 | |
Deposits assumed | 83,169,311 | 83,169,311 | |
Federal funds purchased assumed | 9,000,000 | 9,000,000 | |
Other liabilities assumed | $ 123,749 | $ 123,749 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. The consolidated financial statements for the three nine September 30, 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 September 30, 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 July 2018, No. 2018 11, 842, not 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 In August 2018, No. 2018 13, 820 Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. December 15, 2019, 2020 not Reclassifications no |
Note 2 - Bank Acquisition
Note 2 - Bank Acquisition | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 2. On September 14, 2018, September 30, 2018 100% $14.8 $2.0 $2.9 September 14, 2018. $386,000. $340,000 nine September 30, 2018. The following table summarizes the fair value of the total consideration transferred as a part of the Acquisition as well as the fair value of identifiable assets acquired and liabilities assumed as of the effective date of the transaction. Cash consideration transferred $ 14,806,981 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 1,363,762 Federal funds sold 1,154,000 Interest bearing deposits in financial institutions 1,475,000 Securities available-for-sale 17,196,715 Federal Home Loan Bank stock 129,600 Loans receivable 76,041,470 Accrued interest receivable 862,895 Bank premises and equipment 924,400 Other real estate owned 120,000 Deferred income taxes 175,000 Bank owned life insurance 2,754,798 Core deposit intangible asset 2,002,000 Other assets 13,996 Deposits (83,169,311 ) Federal funds purchased (9,000,000 ) Accrued interest payable and other liabilities (123,749 ) Total identifiable net assets 11,920,576 Goodwill $ 2,886,405 On September 14, 2018, $77.2 $83.1 1 4 The acquired loans at contractual values as of September 14, 2018 Pass $ 63,220,130 Watch 9,430,540 Special Mention 2,733,940 Substandard 1,426,137 Deteriorated credit 385,884 Total loans acquired at book value $ 77,196,631 Loans acquired as deteriorated credit loans will be included with impaired loans. The core deposit intangible asset is amortized to expense on a declining basis over a period of ten ten two |
Note 3 - Dividends
Note 3 - Dividends | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Dividends Disclosure [Text Block] | 3. Dividends On August 8, 2018, November 15, 2018 November 1, 2018, $0.23 |
Note 4 - Earnings Per Share
Note 4 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 4. Earnings Per Share Earnings per share amounts were calculated using the weighted average shares outstanding during the periods presented. The weighted average outstanding shares for the three nine September 30, 2018 2017 9,310,913 . no |
Note 5 - Off-balance Sheet Arra
Note 5 - Off-balance Sheet Arrangements | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Loans and Leases Receivable Commitments [Text Block] | 5. Off-Balance Sheet Arrangements The Company is party to financial instruments with off-balance sheet risk in the normal course of business. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. No December 31, 2017. |
Note 6 - Fair Value Measurement
Note 6 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 6. Fair Value Measurements Assets and liabilities carried at fair value are required to be classified and disclosed according to the process for determining fair value. There are three 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 September 30, 2018 December 31, 2017. (in thousands) Description Total Level 1 Level 2 Level 3 2018 U.S. government treasuries $ 8,209 $ 8,209 $ - $ - U.S. government agencies 117,011 - 117,011 - U.S. government mortgage-backed securities 73,277 - 73,277 - State and political subdivisions 221,930 - 221,930 - Corporate bonds 54,015 - 54,015 - $ 474,442 $ 8,209 $ 466,233 $ - 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 nine September 30, 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 September 30, 2018 December 31, 2017. (in thousands) Description Total Level 1 Level 2 Level 3 2018 Loans receivable $ 2,338 $ - $ - $ 2,338 Other real estate owned 730 - - 730 Total $ 3,068 $ - $ - $ 3,068 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 $239,000 $287,000 September 30, 2018 December 31, 2017, 3. The significant inputs used in the fair value measurements for Level 3 September 30, 2018 December 31, 2017 (in thousands) 2018 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 2,338 Evaluation of collateral Estimation of value NM* Other real estate owned $ 730 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 September 30, 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 September 30, 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 $ 25,319 $ 25,319 $ 26,398 $ 26,398 Interest bearing deposits Level 1 38,049 38,049 43,022 43,022 Securities available-for-sale See previous table 474,442 474,442 495,322 495,322 FHLB and FRB stock Level 2 2,946 2,946 3,021 3,021 Loans receivable, net Level 2 859,830 836,630 771,550 768,444 Loans held for sale Level 2 280 280 - - Accrued income receivable Level 1 9,485 9,485 8,382 8,382 Financial liabilities: Deposits Level 2 $ 1,215,761 $ 1,214,578 $ 1,134,391 $ 1,134,468 Securities sold under agreements to repurchase Level 1 48,859 48,859 37,425 37,425 FHLB advances Level 2 8,400 8,346 13,500 13,482 Other borrowings Level 2 - - 13,000 13,079 Accrued interest payable Level 1 643 643 477 477 The methodologies used to determine fair value as of September 30, 2018 not December 31, 2017 |
Note 7 - Debt and Equity Securi
Note 7 - Debt and Equity Securities | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 7. The amortized cost of securities available-for-sale and their fair values as of September 30, 2018 December 31, 2017 (in thousands) 2018: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 8,415 $ - $ (206 ) $ 8,209 U.S. government agencies 119,886 1 (2,876 ) 117,011 U.S. government mortgage-backed securities 75,111 75 (1,909 ) 73,277 State and political subdivisions 224,514 334 (2,918 ) 221,930 Corporate bonds 55,448 3 (1,436 ) 54,015 $ 483,374 $ 413 $ (9,345 ) $ 474,442 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 Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Proceeds from sales of securities available-for-sale $ - $ 933 $ - $ 11,757 Gross realized gains on securities available-for-sale - 38 - 501 Gross realized losses on securities available-for-sale - - - (2 ) Tax provision applicable to net realized gains on securities available-for-sale - 14 - 175 Unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are summarized as of September 30, 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 $ 4,876 $ (85 ) $ 2,833 $ (121 ) $ 7,709 $ (206 ) U.S. government agencies 72,358 (1,270 ) 44,156 (1,606 ) 116,514 (2,876 ) U.S. government mortgage-backed securities 54,391 (1,371 ) 13,993 (538 ) 68,384 (1,909 ) State and political subdivisions 132,856 (1,475 ) 35,338 (1,443 ) 168,194 (2,918 ) Corporate bonds 36,003 (796 ) 16,999 (640 ) 53,002 (1,436 ) $ 300,484 $ (4,997 ) $ 113,319 $ (4,348 ) $ 413,803 $ (9,345 ) 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 $9,345,000 September 30, 2018. not not third not |
Note 8 - Loans Receivable and C
Note 8 - Loans Receivable and Credit Disclosures | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | 8. Loans Receivable and Credit Disclosures Activity in the allowance for loan losses, on a disaggregated basis, for the three nine September 30, 2018 2017 (in thousands) Three Months Ended September 30, 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2018 $ 846 $ 1,732 $ 4,842 $ 977 $ 1,688 $ 1,178 $ 120 $ 11,383 Provision (credit) for loan losses (209 ) 131 (372 ) 218 92 168 72 100 Recoveries of loans charged-off - 2 - - 1 - 5 8 Loans charged-off - (23 ) (107 ) - (10 ) (58 ) (5 ) (203 ) Balance, September 30, 2018 $ 637 $ 1,842 $ 4,363 $ 1,195 $ 1,771 $ 1,288 $ 192 $ 11,288 Nine Months Ended September 30, 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 (159 ) 144 (264 ) 198 33 175 66 193 Recoveries of loans charged-off - 5 - - 22 - 19 46 Loans charged-off - (23 ) (107 ) - (23 ) (58 ) (61 ) (272 ) Balance, September 30, 2018 $ 637 $ 1,842 $ 4,363 $ 1,195 $ 1,771 $ 1,288 $ 192 $ 11,288 Three Months Ended September 30, 2017 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2017 $ 780 $ 1,713 $ 4,437 $ 907 $ 2,071 $ 1,154 $ 126 $ 11,188 Provision (credit) for loan losses (74 ) 15 155 36 (80 ) (34 ) 39 57 Recoveries of loans charged-off - 4 - - 2 - 4 10 Loans charged-off - - - - (109 ) - (6 ) (115 ) Balance, September 30, 2017 $ 706 $ 1,732 $ 4,592 $ 943 $ 1,884 $ 1,120 $ 163 $ 11,140 Nine Months Ended September 30, 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 (202 ) 12 632 82 735 (96 ) 59 1,222 Recoveries of loans charged-off - 9 - - 30 - 8 47 Loans charged-off - - - - (609 ) - (27 ) (636 ) Balance, September 30, 2017 $ 706 $ 1,732 $ 4,592 $ 943 $ 1,884 $ 1,120 $ 163 $ 11,140 Allowance for loan losses disaggregated on the basis of impairment analysis method as of September 30, 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 $ - $ 53 $ 13 $ - $ 510 $ - $ 22 $ 598 Collectively evaluated for impairment 637 1,789 4,350 1,195 1,261 1,288 170 10,690 Balance September 30, 2018 $ 637 $ 1,842 $ 4,363 $ 1,195 $ 1,771 $ 1,288 $ 192 $ 11,288 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 September 30, 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 $ - $ 367 $ 135 $ 76 $ 3,039 $ - $ 22 $ 3,639 Collectively evaluated for impairment 44,810 171,368 373,779 103,507 79,343 78,429 16,329 867,565 Balance September 30, 2018 $ 44,810 $ 171,735 $ 373,914 $ 103,583 $ 82,382 $ 78,429 $ 16,351 $ 871,204 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. Impaired loans, on a disaggregated basis, as of September 30, 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 250 275 - 572 677 - Real estate - commercial 122 617 - 671 1,353 - Real estate - agricultural 76 89 - - - - Commercial 255 262 - 125 148 - Agricultural - - - - - - Consumer and other - 1 - 25 44 - Total loans with no specific reserve: 703 1,244 - 1,393 2,222 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 117 141 53 117 180 42 Real estate - commercial 13 130 13 230 230 115 Real estate - agricultural - - - - - - Commercial 2,784 3,127 510 3,015 3,336 607 Agricultural - - - - - - Consumer and other 22 26 22 55 43 47 Total loans with specific reserve: 2,936 3,424 598 3,417 3,789 811 Total Real estate - construction - - - - - - Real estate - 1 to 4 family residential 367 416 53 689 857 42 Real estate - commercial 135 747 13 901 1,583 115 Real estate - agricultural 76 89 - - - - Commercial 3,039 3,389 510 3,140 3,484 607 Agricultural - - - - - - Consumer and other 22 27 22 80 87 47 $ 3,639 $ 4,668 $ 598 $ 4,810 $ 6,011 $ 811 Average recorded investment and interest income recognized on impaired loans for the three nine September 30, 2018 2017: (in thousands) Three Months Ended September 30, 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 315 135 631 18 Real estate - commercial 123 - 716 - Real estate - agricultural 38 - - - Commercial 160 - 139 2 Agricultural - - - - Consumer and other - - 46 - Total loans with no specific reserve: 636 135 1,532 20 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 120 6 128 - Real estate - commercial 74 - - - Real estate - agricultural - - - - Commercial 2,838 2 3,263 - Agricultural 29 - - - Consumer and other 26 - 29 - Total loans with specific reserve: 3,087 8 3,420 - Total Real estate - construction - - - - Real estate - 1 to 4 family residential 435 141 759 18 Real estate - commercial 197 - 716 - Real estate - agricultural 38 - - - Commercial 2,998 2 3,402 2 Agricultural 29 - - - Consumer and other 26 - 75 - $ 3,723 $ 143 $ 4,952 $ 20 Nine Months Ended September 30, 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 442 180 535 27 Real estate - commercial 266 258 648 - Real estate - agricultural 19 - - - Commercial 127 5 1,457 3 Agricultural - - - - Consumer and other 6 - 60 - Total loans with no specific reserve: 860 443 2,700 30 With an allowance recorded: Real estate - construction - - 16 2 Real estate - 1 to 4 family residential 173 6 162 - Real estate - commercial 149 - - - Real estate - agricultural - - - - Commercial 2,901 2 2,193 - Agricultural 15 - - - Consumer and other 35 1 15 1 Total loans with specific reserve: 3,273 9 2,386 3 Total Real estate - construction - - 16 2 Real estate - 1 to 4 family residential 615 186 697 27 Real estate - commercial 415 258 648 - Real estate - agricultural 19 - - - Commercial 3,028 7 3,650 3 Agricultural 15 - - - Consumer and other 41 1 75 1 $ 4,133 $ 452 $ 5,086 $ 33 The interest foregone on nonaccrual loans for the three September 30, 2018 2017 $86,000 $88,000, nine September 30, 2018 2017 $289,000 . Nonaccrual loans at September 30, 2018 December 31, 2017 $3,639,000 $4,810,000 The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $2,716,000 September 30, 2018, $2,984,000 December 31, 2017, The following table sets forth information on the Company’s TDRs, on a disaggregated basis, occurring in the three six September 30, 2018 2017: ( dollars in thousands) Three Months Ended September 30, 2018 2017 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential - - - - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - - - - Agricultural - - - - - - Consumer and other - - - - - - - $ - $ - - $ - $ - Nine Months Ended September 30, 2018 2017 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential - - - - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial 3 80 80 2 93 99 Agricultural - - - - - - Consumer and other - - - - - - 3 $ 80 $ 80 2 $ 93 $ 99 During the nine September 30, 2018, one nine September 30, 2017, two one The Company considers TDR loans to have payment default when it is past due 60 No twelve September 30, 2018 2017 no three nine September 30, 2018. $80,000 nine September 30, 2018. $530,000 nine September 30, 2017 two $12,000 $257,000 nine September 30, 2018 2017, An aging analysis of the recorded investments in loans, on a disaggregated basis, as of September 30, 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 $ 44,760 $ 44,810 $ - Real estate - 1 to 4 family residential 1,481 134 1,615 170,120 171,735 - Real estate - commercial 26 13 39 373,875 373,914 - Real estate - agricultural 990 - 990 102,593 103,583 - Commercial 260 664 924 81,458 82,382 - Agricultural 49 - 49 78,380 78,429 - Consumer and other 108 2 110 16,241 16,351 - $ 2,964 $ 813 $ 3,777 $ 867,427 $ 871,204 $ - 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 September 30, 2018 December 31, 2017 (in thousands) 2018 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 39,158 $ 335,326 $ 74,334 $ 58,374 $ 53,563 $ 560,755 Watch 5,444 20,279 20,086 16,997 21,794 84,600 Special Mention 208 15,434 2,474 255 - 18,371 Substandard - 2,764 6,689 3,718 3,072 16,243 Substandard-Impaired - 111 - 3,038 - 3,149 $ 44,810 $ 373,914 $ 103,583 $ 82,382 $ 78,429 $ 683,118 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 September 30, 2018 December 31, 2017 2018 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 171,371 $ 16,328 $ 187,699 Non-performing 364 23 387 $ 171,735 $ 16,351 $ 188,086 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 - Goodwill
Note 9 - Goodwill | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 9. Goodwill As of September 14, 2018, $2.9 not not fifteen |
Note 10 - Intangible Assets
Note 10 - Intangible Assets | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 10. Intangible assets In conjunction with the acquisition of CCSB in 2018, $2.0 September 30, 2018 December 31, 2017: (in thousands) 2018 2017 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 4,520 $ 2,069 $ 2,518 $ 1,861 Customer list 535 144 520 86 Total $ 5,055 $ 2,213 $ 3,038 $ 1,947 The weighted average life of the intangible assets is 3.9 September 30, 2018 2.5 December 31, 2017. The following sets forth the activity related to the intangible assets for the three nine September 30, 2018 2017: (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Beginning intangible asset, net $ 935 $ 1,212 $ 1,091 $ 1,353 Purchase 2,002 - 2,002 - Adjustment to intangible asset - 12 15 62 Amortization (95 ) (90 ) (266 ) (281 ) Ending intangible asset, net $ 2,842 $ 1,134 $ 2,842 $ 1,134 Estimated remaining amortization expense on core deposit intangible for the years ending December 31 (in thousands) 2018 $ 166 2019 540 2020 440 2021 402 2022 363 2023 318 After 613 Intangible asset, net $ 2,842 |
Note 11 - Pledged Collateral Re
Note 11 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Secured Borrowings [Text Block] | 11. 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 September 30, 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 $ 3,393 $ - $ 3,393 $ 1,474 $ - $ 1,474 U.S. government agencies 46,610 - 46,610 47,323 - 47,323 U.S. government mortgage-backed securities 18,676 - 18,676 22,824 - 22,824 Total $ 68,679 $ - $ 68,679 $ 71,621 $ - $ 71,621 Term repurchase agreements (Other borrowings): U.S. government agencies $ - $ - $ - $ - $ 14,986 $ 14,986 Total pledged collateral $ 68,679 $ - $ 68,679 $ 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 12 - Regulatory Matters
Note 12 - Regulatory Matters | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | 12. Regulatory Matters The Company and the Banks capital amounts and ratios are as follows: ( dollars in thousands To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes * Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2018: Total capital (to risk- weighted assets): Consolidated $ 175,218 16.4 % $ 105,608 9.875 % N/A N/A Boone Bank & Trust 15,564 17.5 8,788 9.875 $ 8,900 10.0 % First National Bank 80,062 13.4 59,155 9.875 59,904 10.0 Reliance State Bank 27,631 15.6 17,506 9.875 17,728 10.0 State Bank & Trust 20,260 16.4 12,199 9.875 12,353 10.0 United Bank & Trust 14,955 19.6 7,546 9.875 7,641 10.0 Tier 1 capital (to risk- weighted assets): Consolidated $ 163,388 15.3 % $ 84,219 7.875 % N/A N/A Boone Bank & Trust 14,654 16.5 7,008 7.875 $ 7,120 8.0 % First National Bank 73,969 12.3 47,174 7.875 47,923 8.0 Reliance State Bank 25,487 14.4 13,961 7.875 14,182 8.0 State Bank & Trust 18,712 15.1 9,728 7.875 9,883 8.0 United Bank & Trust 14,140 18.5 6,017 7.875 6,113 8.0 Tier 1 capital (to average- weighted assets): Consolidated $ 163,388 11.8 % $ 55,401 4.000 % N/A N/A Boone Bank & Trust 14,654 11.3 5,177 4.000 $ 6,471 5.0 % First National Bank 73,969 9.8 30,217 4.000 37,771 5.0 Reliance State Bank 25,487 11.9 8,574 4.000 10,718 5.0 State Bank & Trust 18,712 11.5 6,485 4.000 8,106 5.0 United Bank & Trust 14,140 12.7 4,457 4.000 5,572 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 163,388 15.3 % $ 68,177 6.375 % N/A N/A Boone Bank & Trust 14,654 16.5 5,673 6.375 $ 5,785 6.5 % First National Bank 73,969 12.3 38,189 6.375 38,938 6.5 Reliance State Bank 25,487 14.4 11,301 6.375 11,523 6.5 State Bank & Trust 18,712 15.1 7,875 6.375 8,030 6.5 United Bank & Trust 14,140 18.5 4,871 6.375 4,967 6.5 * These ratios for September 30, 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 13 - Subsequent Events
Note 13 - Subsequent Events | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 13. Management evaluated subsequent events through the date the financial statements were issued. There were no September 30, 2018, November 6, 2018, September 30, 2018. no not September 30, 2018. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | The consolidated financial statements for the three nine September 30, 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 September 30, 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 July 2018, No. 2018 11, 842, not 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 In August 2018, No. 2018 13, 820 Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. December 15, 2019, 2020 not |
Reclassification, Policy [Policy Text Block] | Reclassifications no |
Note 2 - Bank Acquisition (Tabl
Note 2 - Bank Acquisition (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Cash consideration transferred $ 14,806,981 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash and due from banks $ 1,363,762 Federal funds sold 1,154,000 Interest bearing deposits in financial institutions 1,475,000 Securities available-for-sale 17,196,715 Federal Home Loan Bank stock 129,600 Loans receivable 76,041,470 Accrued interest receivable 862,895 Bank premises and equipment 924,400 Other real estate owned 120,000 Deferred income taxes 175,000 Bank owned life insurance 2,754,798 Core deposit intangible asset 2,002,000 Other assets 13,996 Deposits (83,169,311 ) Federal funds purchased (9,000,000 ) Accrued interest payable and other liabilities (123,749 ) Total identifiable net assets 11,920,576 Goodwill $ 2,886,405 |
Schedule of Business Acquisitions, Acquired Receivables [Table Text Block] | Pass $ 63,220,130 Watch 9,430,540 Special Mention 2,733,940 Substandard 1,426,137 Deteriorated credit 385,884 Total loans acquired at book value $ 77,196,631 |
Note 6 - Fair Value Measureme_2
Note 6 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 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 $ 8,209 $ 8,209 $ - $ - U.S. government agencies 117,011 - 117,011 - U.S. government mortgage-backed securities 73,277 - 73,277 - State and political subdivisions 221,930 - 221,930 - Corporate bonds 54,015 - 54,015 - $ 474,442 $ 8,209 $ 466,233 $ - 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 $ 2,338 $ - $ - $ 2,338 Other real estate owned 730 - - 730 Total $ 3,068 $ - $ - $ 3,068 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 $ 2,338 Evaluation of collateral Estimation of value NM* Other real estate owned $ 730 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 $ 25,319 $ 25,319 $ 26,398 $ 26,398 Interest bearing deposits Level 1 38,049 38,049 43,022 43,022 Securities available-for-sale See previous table 474,442 474,442 495,322 495,322 FHLB and FRB stock Level 2 2,946 2,946 3,021 3,021 Loans receivable, net Level 2 859,830 836,630 771,550 768,444 Loans held for sale Level 2 280 280 - - Accrued income receivable Level 1 9,485 9,485 8,382 8,382 Financial liabilities: Deposits Level 2 $ 1,215,761 $ 1,214,578 $ 1,134,391 $ 1,134,468 Securities sold under agreements to repurchase Level 1 48,859 48,859 37,425 37,425 FHLB advances Level 2 8,400 8,346 13,500 13,482 Other borrowings Level 2 - - 13,000 13,079 Accrued interest payable Level 1 643 643 477 477 |
Note 7 - Debt and Equity Secu_2
Note 7 - Debt and Equity Securities (Tables) | 9 Months Ended |
Sep. 30, 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 $ 8,415 $ - $ (206 ) $ 8,209 U.S. government agencies 119,886 1 (2,876 ) 117,011 U.S. government mortgage-backed securities 75,111 75 (1,909 ) 73,277 State and political subdivisions 224,514 334 (2,918 ) 221,930 Corporate bonds 55,448 3 (1,436 ) 54,015 $ 483,374 $ 413 $ (9,345 ) $ 474,442 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 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Proceeds from sales of securities available-for-sale $ - $ 933 $ - $ 11,757 Gross realized gains on securities available-for-sale - 38 - 501 Gross realized losses on securities available-for-sale - - - (2 ) Tax provision applicable to net realized gains on securities available-for-sale - 14 - 175 |
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 $ 4,876 $ (85 ) $ 2,833 $ (121 ) $ 7,709 $ (206 ) U.S. government agencies 72,358 (1,270 ) 44,156 (1,606 ) 116,514 (2,876 ) U.S. government mortgage-backed securities 54,391 (1,371 ) 13,993 (538 ) 68,384 (1,909 ) State and political subdivisions 132,856 (1,475 ) 35,338 (1,443 ) 168,194 (2,918 ) Corporate bonds 36,003 (796 ) 16,999 (640 ) 53,002 (1,436 ) $ 300,484 $ (4,997 ) $ 113,319 $ (4,348 ) $ 413,803 $ (9,345 ) 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 8 - Loans Receivable and_2
Note 8 - Loans Receivable and Credit Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Three Months Ended September 30, 2018 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2018 $ 846 $ 1,732 $ 4,842 $ 977 $ 1,688 $ 1,178 $ 120 $ 11,383 Provision (credit) for loan losses (209 ) 131 (372 ) 218 92 168 72 100 Recoveries of loans charged-off - 2 - - 1 - 5 8 Loans charged-off - (23 ) (107 ) - (10 ) (58 ) (5 ) (203 ) Balance, September 30, 2018 $ 637 $ 1,842 $ 4,363 $ 1,195 $ 1,771 $ 1,288 $ 192 $ 11,288 Nine Months Ended September 30, 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 (159 ) 144 (264 ) 198 33 175 66 193 Recoveries of loans charged-off - 5 - - 22 - 19 46 Loans charged-off - (23 ) (107 ) - (23 ) (58 ) (61 ) (272 ) Balance, September 30, 2018 $ 637 $ 1,842 $ 4,363 $ 1,195 $ 1,771 $ 1,288 $ 192 $ 11,288 Three Months Ended September 30, 2017 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, June 30, 2017 $ 780 $ 1,713 $ 4,437 $ 907 $ 2,071 $ 1,154 $ 126 $ 11,188 Provision (credit) for loan losses (74 ) 15 155 36 (80 ) (34 ) 39 57 Recoveries of loans charged-off - 4 - - 2 - 4 10 Loans charged-off - - - - (109 ) - (6 ) (115 ) Balance, September 30, 2017 $ 706 $ 1,732 $ 4,592 $ 943 $ 1,884 $ 1,120 $ 163 $ 11,140 Nine Months Ended September 30, 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 (202 ) 12 632 82 735 (96 ) 59 1,222 Recoveries of loans charged-off - 9 - - 30 - 8 47 Loans charged-off - - - - (609 ) - (27 ) (636 ) Balance, September 30, 2017 $ 706 $ 1,732 $ 4,592 $ 943 $ 1,884 $ 1,120 $ 163 $ 11,140 |
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 $ - $ 53 $ 13 $ - $ 510 $ - $ 22 $ 598 Collectively evaluated for impairment 637 1,789 4,350 1,195 1,261 1,288 170 10,690 Balance September 30, 2018 $ 637 $ 1,842 $ 4,363 $ 1,195 $ 1,771 $ 1,288 $ 192 $ 11,288 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 $ - $ 367 $ 135 $ 76 $ 3,039 $ - $ 22 $ 3,639 Collectively evaluated for impairment 44,810 171,368 373,779 103,507 79,343 78,429 16,329 867,565 Balance September 30, 2018 $ 44,810 $ 171,735 $ 373,914 $ 103,583 $ 82,382 $ 78,429 $ 16,351 $ 871,204 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 250 275 - 572 677 - Real estate - commercial 122 617 - 671 1,353 - Real estate - agricultural 76 89 - - - - Commercial 255 262 - 125 148 - Agricultural - - - - - - Consumer and other - 1 - 25 44 - Total loans with no specific reserve: 703 1,244 - 1,393 2,222 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 117 141 53 117 180 42 Real estate - commercial 13 130 13 230 230 115 Real estate - agricultural - - - - - - Commercial 2,784 3,127 510 3,015 3,336 607 Agricultural - - - - - - Consumer and other 22 26 22 55 43 47 Total loans with specific reserve: 2,936 3,424 598 3,417 3,789 811 Total Real estate - construction - - - - - - Real estate - 1 to 4 family residential 367 416 53 689 857 42 Real estate - commercial 135 747 13 901 1,583 115 Real estate - agricultural 76 89 - - - - Commercial 3,039 3,389 510 3,140 3,484 607 Agricultural - - - - - - Consumer and other 22 27 22 80 87 47 $ 3,639 $ 4,668 $ 598 $ 4,810 $ 6,011 $ 811 |
Average Investment in Impaired Loans and Interest Income Recognized [Table Text Block] | Three Months Ended September 30, 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 315 135 631 18 Real estate - commercial 123 - 716 - Real estate - agricultural 38 - - - Commercial 160 - 139 2 Agricultural - - - - Consumer and other - - 46 - Total loans with no specific reserve: 636 135 1,532 20 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 120 6 128 - Real estate - commercial 74 - - - Real estate - agricultural - - - - Commercial 2,838 2 3,263 - Agricultural 29 - - - Consumer and other 26 - 29 - Total loans with specific reserve: 3,087 8 3,420 - Total Real estate - construction - - - - Real estate - 1 to 4 family residential 435 141 759 18 Real estate - commercial 197 - 716 - Real estate - agricultural 38 - - - Commercial 2,998 2 3,402 2 Agricultural 29 - - - Consumer and other 26 - 75 - $ 3,723 $ 143 $ 4,952 $ 20 Nine Months Ended September 30, 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 442 180 535 27 Real estate - commercial 266 258 648 - Real estate - agricultural 19 - - - Commercial 127 5 1,457 3 Agricultural - - - - Consumer and other 6 - 60 - Total loans with no specific reserve: 860 443 2,700 30 With an allowance recorded: Real estate - construction - - 16 2 Real estate - 1 to 4 family residential 173 6 162 - Real estate - commercial 149 - - - Real estate - agricultural - - - - Commercial 2,901 2 2,193 - Agricultural 15 - - - Consumer and other 35 1 15 1 Total loans with specific reserve: 3,273 9 2,386 3 Total Real estate - construction - - 16 2 Real estate - 1 to 4 family residential 615 186 697 27 Real estate - commercial 415 258 648 - Real estate - agricultural 19 - - - Commercial 3,028 7 3,650 3 Agricultural 15 - - - Consumer and other 41 1 75 1 $ 4,133 $ 452 $ 5,086 $ 33 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three Months Ended September 30, 2018 2017 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential - - - - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - - - - Agricultural - - - - - - Consumer and other - - - - - - - $ - $ - - $ - $ - Nine Months Ended September 30, 2018 2017 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential - - - - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial 3 80 80 2 93 99 Agricultural - - - - - - Consumer and other - - - - - - 3 $ 80 $ 80 2 $ 93 $ 99 |
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 $ 44,760 $ 44,810 $ - Real estate - 1 to 4 family residential 1,481 134 1,615 170,120 171,735 - Real estate - commercial 26 13 39 373,875 373,914 - Real estate - agricultural 990 - 990 102,593 103,583 - Commercial 260 664 924 81,458 82,382 - Agricultural 49 - 49 78,380 78,429 - Consumer and other 108 2 110 16,241 16,351 - $ 2,964 $ 813 $ 3,777 $ 867,427 $ 871,204 $ - 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 $ 39,158 $ 335,326 $ 74,334 $ 58,374 $ 53,563 $ 560,755 Watch 5,444 20,279 20,086 16,997 21,794 84,600 Special Mention 208 15,434 2,474 255 - 18,371 Substandard - 2,764 6,689 3,718 3,072 16,243 Substandard-Impaired - 111 - 3,038 - 3,149 $ 44,810 $ 373,914 $ 103,583 $ 82,382 $ 78,429 $ 683,118 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 $ 171,371 $ 16,328 $ 187,699 Non-performing 364 23 387 $ 171,735 $ 16,351 $ 188,086 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 10 - Intangible Assets (Ta
Note 10 - Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 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 $ 4,520 $ 2,069 $ 2,518 $ 1,861 Customer list 535 144 520 86 Total $ 5,055 $ 2,213 $ 3,038 $ 1,947 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2018 2017 2018 2017 Beginning intangible asset, net $ 935 $ 1,212 $ 1,091 $ 1,353 Purchase 2,002 - 2,002 - Adjustment to intangible asset - 12 15 62 Amortization (95 ) (90 ) (266 ) (281 ) Ending intangible asset, net $ 2,842 $ 1,134 $ 2,842 $ 1,134 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | 2018 $ 166 2019 540 2020 440 2021 402 2022 363 2023 318 After 613 Intangible asset, net $ 2,842 |
Note 11 - Pledged Collateral _2
Note 11 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements (Tables) | 9 Months Ended |
Sep. 30, 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 $ 3,393 $ - $ 3,393 $ 1,474 $ - $ 1,474 U.S. government agencies 46,610 - 46,610 47,323 - 47,323 U.S. government mortgage-backed securities 18,676 - 18,676 22,824 - 22,824 Total $ 68,679 $ - $ 68,679 $ 71,621 $ - $ 71,621 Term repurchase agreements (Other borrowings): U.S. government agencies $ - $ - $ - $ - $ 14,986 $ 14,986 Total pledged collateral $ 68,679 $ - $ 68,679 $ 71,621 $ 14,986 $ 86,607 |
Note 12 - Regulatory Matters (T
Note 12 - Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 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 September 30, 2018: Total capital (to risk- weighted assets): Consolidated $ 175,218 16.4 % $ 105,608 9.875 % N/A N/A Boone Bank & Trust 15,564 17.5 8,788 9.875 $ 8,900 10.0 % First National Bank 80,062 13.4 59,155 9.875 59,904 10.0 Reliance State Bank 27,631 15.6 17,506 9.875 17,728 10.0 State Bank & Trust 20,260 16.4 12,199 9.875 12,353 10.0 United Bank & Trust 14,955 19.6 7,546 9.875 7,641 10.0 Tier 1 capital (to risk- weighted assets): Consolidated $ 163,388 15.3 % $ 84,219 7.875 % N/A N/A Boone Bank & Trust 14,654 16.5 7,008 7.875 $ 7,120 8.0 % First National Bank 73,969 12.3 47,174 7.875 47,923 8.0 Reliance State Bank 25,487 14.4 13,961 7.875 14,182 8.0 State Bank & Trust 18,712 15.1 9,728 7.875 9,883 8.0 United Bank & Trust 14,140 18.5 6,017 7.875 6,113 8.0 Tier 1 capital (to average- weighted assets): Consolidated $ 163,388 11.8 % $ 55,401 4.000 % N/A N/A Boone Bank & Trust 14,654 11.3 5,177 4.000 $ 6,471 5.0 % First National Bank 73,969 9.8 30,217 4.000 37,771 5.0 Reliance State Bank 25,487 11.9 8,574 4.000 10,718 5.0 State Bank & Trust 18,712 11.5 6,485 4.000 8,106 5.0 United Bank & Trust 14,140 12.7 4,457 4.000 5,572 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 163,388 15.3 % $ 68,177 6.375 % N/A N/A Boone Bank & Trust 14,654 16.5 5,673 6.375 $ 5,785 6.5 % First National Bank 73,969 12.3 38,189 6.375 38,938 6.5 Reliance State Bank 25,487 14.4 11,301 6.375 11,523 6.5 State Bank & Trust 18,712 15.1 7,875 6.375 8,030 6.5 United Bank & Trust 14,140 18.5 4,871 6.375 4,967 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 Accounti_2
Note 1 - Significant Accounting Policies (Details Textual) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Goodwill, Impairment Loss | $ 0 |
Note 2 - Bank Acquisition (Deta
Note 2 - Bank Acquisition (Details Textual) - USD ($) | Sep. 14, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 |
Core Deposits [Member] | |||||
Finite-lived Intangible Assets Acquired | $ 2,002,000 | $ 2,002,000 | |||
Acquisition of Clarke County State Bank [Member] | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | ||||
Payments to Acquire Businesses, Gross | $ 14,806,981 | ||||
Goodwill, Acquired During Period | 2,900,000 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acquired During Period, at Acquisition, at Fair Value | 386,000 | ||||
Business Combination, Acquisition Related Costs | 340,000 | ||||
Business Combination, Acquired Receivables, Gross Contractual Amount | 77,196,631 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposit Liabilities | $ 83,169,311 | $ 83,169,311 | $ 83,169,311 | ||
Loan Market Valuation Accretion Period | 10 years | ||||
Time Deposit Market Valuation Period | 2 years | ||||
Acquisition of Clarke County State Bank [Member] | Core Deposits [Member] | |||||
Finite-lived Intangible Assets Acquired | $ 2,000,000 | ||||
Finite-Lived Intangible Asset, Useful Life | 10 years |
Note 2 - Bank Acquisition - Con
Note 2 - Bank Acquisition - Consideration Transferred and Assets Acquired and Liabilities Assumed (Details) - USD ($) | Sep. 14, 2018 | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||
Goodwill | $ 9,618,621 | $ 6,732,216 | ||
Acquisition of Clarke County State Bank [Member] | ||||
Payments to Acquire Businesses, Gross | $ 14,806,981 | |||
Recognized amounts of identifiable assets acquired and liabilities assumed: | ||||
Cash and due from banks | 1,363,762 | |||
Federal funds sold | 1,154,000 | 1,154,000 | ||
Interest bearing deposits in financial institutions | 1,475,000 | 1,475,000 | ||
Securities available-for-sale | 17,196,715 | 17,196,715 | ||
Federal Home Loan Bank stock | 129,600 | |||
Loans receivable | 76,041,470 | 76,041,470 | ||
Accrued interest receivable | 862,895 | 862,895 | ||
Bank premises and equipment | 924,400 | 924,400 | ||
Other real estate owned | 120,000 | 120,000 | ||
Deferred income taxes | 175,000 | |||
Bank owned life insurance | 2,754,798 | 2,754,798 | ||
Core deposit intangible asset | 2,002,000 | 2,002,000 | ||
Other assets | 13,996 | |||
Deposits | (83,169,311) | (83,169,311) | ||
Federal funds purchased | (9,000,000) | (9,000,000) | ||
Accrued interest payable and other liabilities | (123,749) | (123,749) | ||
Total identifiable net assets | 11,920,576 | |||
Goodwill | $ 2,886,405 | $ 2,886,405 |
Note 2 - Bank Acquisition - Acq
Note 2 - Bank Acquisition - Acquired Loans at Contractual Values By Risk Rating (Details) - Acquisition of Clarke County State Bank [Member] | Sep. 14, 2018USD ($) |
Loans acquired at book value | $ 77,196,631 |
Pass [Member] | |
Loans acquired at book value | 63,220,130 |
Watch [Member] | |
Loans acquired at book value | 9,430,540 |
Special Mention [Member] | |
Loans acquired at book value | 2,733,940 |
Substandard [Member] | |
Loans acquired at book value | 1,426,137 |
Deteriorated Credit [Member] | |
Loans acquired at book value | $ 385,884 |
Note 3 - Dividends (Details Tex
Note 3 - Dividends (Details Textual) - $ / shares | Aug. 08, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 |
Common Stock, Dividends, Per Share, Declared | $ 0.23 | $ 0.23 | $ 0.22 | $ 0.94 | $ 0.66 |
Dividends Payable, Date to be Paid | Nov. 15, 2018 | ||||
Dividends Payable, Date of Record | Nov. 1, 2018 |
Note 4 - Earnings Per Share (De
Note 4 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 9,310,913 | 9,310,913 | 9,310,913 | 9,310,913 |
Weighted Average Number Diluted Shares Outstanding Adjustment, Total | 0 | 0 | 0 | 0 |
Note 6 - Fair Value Measureme_3
Note 6 - Fair Value Measurements (Details Textual) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Real Estate Owned, Valuation Allowance, Ending Balance | $ 239,000 | $ 287,000 |
Note 6 - Fair Value Measureme_4
Note 6 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Available for sale securities | $ 474,442 | |
US Treasury Securities [Member] | ||
Available for sale securities | 8,209 | $ 6,367 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 117,011 | 111,263 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 73,277 | 81,780 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 221,930 | 237,413 |
Corporate Debt Securities [Member] | ||
Available for sale securities | 54,015 | 58,464 |
Equity Securities, Other [Member] | ||
Available for sale securities | 35 | |
Fair Value, Measurements, Recurring [Member] | ||
Available for sale securities | 474,442 | 495,322 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 8,209 | 6,402 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 466,233 | 488,920 |
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | ||
Available for sale securities | 8,209 | 6,367 |
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | 8,209 | 6,367 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Available for sale securities | 117,011 | 111,263 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 117,011 | 111,263 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 73,277 | 81,780 |
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 | 73,277 | 81,780 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 221,930 | 237,413 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | 221,930 | 237,413 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available for sale securities | 54,015 | 58,464 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available for sale securities | $ 54,015 | 58,464 |
Fair Value, Measurements, Recurring [Member] | Equity Securities, Other [Member] | ||
Available for sale securities | 35 | |
Fair Value, Measurements, Recurring [Member] | Equity Securities, Other [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available for sale securities | $ 35 |
Note 6 - Fair Value Measureme_5
Note 6 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans receivable | $ 2,338 | $ 2,606 |
Other real estate owned | 730 | 386 |
Total | 3,068 | 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 | 2,338 | 2,606 |
Other real estate owned | 730 | 386 |
Total | $ 3,068 | $ 2,992 |
Note 6 - Fair Value Measureme_6
Note 6 - Fair Value Measurements - Fair Value Quantitative Information (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Estimated Fair Value | $ 3,068 | $ 2,992 |
Fair Value, Inputs, Level 3 [Member] | ||
Estimated Fair Value | 3,068 | 2,992 |
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Evaluation of Collateral [Member] | ||
Estimated Fair Value | $ 2,338 | $ 2,606 |
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Evaluation of Collateral [Member] | Minimum [Member] | ||
Unobservable Inputs, Rate | ||
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Evaluation of Collateral [Member] | Maximum [Member] | ||
Unobservable Inputs, Rate | ||
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Evaluation of Collateral [Member] | Weighted Average [Member] | ||
Unobservable Inputs, Rate | ||
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Appraisal Valuation [Member] | ||
Estimated Fair Value | $ 730 | $ 386 |
Unobservable Inputs, Rate | ||
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%) |
Note 6 - Fair Value Measureme_7
Note 6 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Securities available-for-sale | $ 474,442,299 | $ 495,321,664 |
Accrued income receivable | 9,485,035 | 8,382,391 |
Reported Value Measurement [Member] | ||
Securities available-for-sale | 474,442,000 | 495,322,000 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 25,319,000 | 26,398,000 |
Interest bearing deposits | 38,049,000 | 43,022,000 |
Accrued income receivable | 9,485,000 | 8,382,000 |
Securities sold under agreements to repurchase | 48,859,000 | 37,425,000 |
Accrued interest payable | 643,000 | 477,000 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
FHLB and FRB stock | 2,946,000 | 3,021,000 |
Loans receivable, net | 859,830,000 | 771,550,000 |
Loans held for sale | 280,000 | |
Deposits | 1,215,761,000 | 1,134,391,000 |
FHLB advances | 8,400,000 | 13,500,000 |
Other borrowings | 13,000,000 | |
Estimate of Fair Value Measurement [Member] | ||
Securities available-for-sale | 474,442,000 | 495,322,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 25,319,000 | 26,398,000 |
Interest bearing deposits | 38,049,000 | 43,022,000 |
Accrued income receivable | 9,485,000 | 8,382,000 |
Securities sold under agreements to repurchase | 48,859,000 | 37,425,000 |
Accrued interest payable | 643,000 | 477,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
FHLB and FRB stock | 2,946,000 | 3,021,000 |
Loans receivable, net | 836,630,000 | 768,444,000 |
Loans held for sale | 280,000 | |
Deposits | 1,214,578,000 | 1,134,468,000 |
FHLB advances | 8,346,000 | 13,482,000 |
Other borrowings | $ 13,079,000 |
Note 7 - Debt and Equity Secu_3
Note 7 - Debt and Equity Securities (Details Textual) | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Available-for-sale Securities, Gross Unrealized Loss, Total | $ 9,345,000 |
Note 7 - Debt and Equity Secu_4
Note 7 - Debt and Equity Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Amortized cost | $ 483,374 | |
Gross unrealized gains | 413 | |
Gross unrealized losses | (9,345) | |
Estimated fair value | 474,442 | |
Amortized cost | $ 496,009 | |
Gross unrealized gains | 2,019 | |
Gross unrealized losses | (2,706) | |
Estimated fair value | 495,322 | |
US Treasury Securities [Member] | ||
Amortized cost | 8,415 | 6,413 |
Gross unrealized gains | 2 | |
Gross unrealized losses | (206) | (48) |
Estimated fair value | 8,209 | 6,367 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost | 119,886 | 111,900 |
Gross unrealized gains | 1 | 136 |
Gross unrealized losses | (2,876) | (773) |
Estimated fair value | 117,011 | 111,263 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 75,111 | 81,685 |
Gross unrealized gains | 75 | 422 |
Gross unrealized losses | (1,909) | (327) |
Estimated fair value | 73,277 | 81,780 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost | 224,514 | 237,349 |
Gross unrealized gains | 334 | 1,233 |
Gross unrealized losses | (2,918) | (1,169) |
Estimated fair value | 221,930 | 237,413 |
Corporate Debt Securities [Member] | ||
Amortized cost | 55,448 | 58,647 |
Gross unrealized gains | 3 | 206 |
Gross unrealized losses | (1,436) | (389) |
Estimated fair value | $ 54,015 | 58,464 |
Equity Securities, Other [Member] | ||
Amortized cost | 15 | |
Gross unrealized gains | 20 | |
Gross unrealized losses | 0 | |
Estimated fair value | $ 35 |
Note 7 - Debt and Equity Secu_5
Note 7 - Debt and Equity Securities - Proceeds, Gains and Losses From Securities Available-for-sale (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Proceeds from sales of securities available-for-sale | $ 933 | $ 11,757 | ||
Gross realized gains on securities available-for-sale | 38 | 501 | ||
Gross realized losses on securities available-for-sale | (2) | |||
Tax provision applicable to net realized gains on securities available-for-sale | $ 14 | $ 175 |
Note 7 - Debt and Equity Secu_6
Note 7 - Debt and Equity Securities - Securities Available-for-sale Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Less than 12 months, estimated fair value | $ 300,484 | $ 238,124 |
Less than 12 months, unrealized losses | (4,997) | (1,743) |
12 months or more, estimated fair value | 113,319 | 38,852 |
12 months or more, unrealized losses | (4,348) | (963) |
Total estimated fair value | 413,803 | 276,976 |
Total unrealized losses | (9,345) | (2,706) |
US Treasury Securities [Member] | ||
Less than 12 months, estimated fair value | 4,876 | 4,894 |
Less than 12 months, unrealized losses | (85) | (48) |
12 months or more, estimated fair value | 2,833 | 0 |
12 months or more, unrealized losses | (121) | 0 |
Total estimated fair value | 7,709 | 4,894 |
Total unrealized losses | (206) | (48) |
US Government Agencies Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 72,358 | 73,953 |
Less than 12 months, unrealized losses | (1,270) | (549) |
12 months or more, estimated fair value | 44,156 | 10,168 |
12 months or more, unrealized losses | (1,606) | (224) |
Total estimated fair value | 116,514 | 84,121 |
Total unrealized losses | (2,876) | (773) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, estimated fair value | 54,391 | 39,565 |
Less than 12 months, unrealized losses | (1,371) | (245) |
12 months or more, estimated fair value | 13,993 | 5,344 |
12 months or more, unrealized losses | (538) | (82) |
Total estimated fair value | 68,384 | 44,909 |
Total unrealized losses | (1,909) | (327) |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 132,856 | 89,904 |
Less than 12 months, unrealized losses | (1,475) | (703) |
12 months or more, estimated fair value | 35,338 | 16,631 |
12 months or more, unrealized losses | (1,443) | (466) |
Total estimated fair value | 168,194 | 106,535 |
Total unrealized losses | (2,918) | (1,169) |
Corporate Debt Securities [Member] | ||
Less than 12 months, estimated fair value | 36,003 | 29,808 |
Less than 12 months, unrealized losses | (796) | (198) |
12 months or more, estimated fair value | 16,999 | 6,709 |
12 months or more, unrealized losses | (640) | (191) |
Total estimated fair value | 53,002 | 36,517 |
Total unrealized losses | $ (1,436) | $ (389) |
Note 8 - Loans Receivable and_3
Note 8 - Loans Receivable and Credit Disclosures (Details Textual) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 86,000 | $ 88,000 | $ 289,000 | $ 289,000 | |
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,639,000 | 3,639,000 | $ 4,810,000 | ||
Financing Receivable, Modifications, Recorded Investment | 2,716,000 | $ 2,716,000 | $ 2,984,000 | ||
Number Of Restructured Loans Granting Concessions | 1 | 2 | |||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | |||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 12,000 | $ 0 | $ 257,000 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Specific Reserve, Amount | $ 80,000 | $ 530,000 |
Note 8 - Loans Receivable and_4
Note 8 - Loans Receivable and Credit Disclosures - Activity in Allowance for Loan Losses (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Balance | $ 11,383,000 | $ 11,188,000 | $ 11,321,000 | $ 10,507,000 |
Provision for loan losses | 100,000 | 57,277 | 192,978 | 1,221,620 |
Recoveries of loans charged-off | 8,000 | 10,000 | 46,000 | 47,000 |
Loans charged-off | (203,000) | (115,000) | (272,000) | (636,000) |
Balance | 11,288,000 | 11,140,000 | 11,288,000 | 11,140,000 |
Construction Real Estate [Member] | ||||
Balance | 846,000 | 780,000 | 796,000 | 908,000 |
Provision for loan losses | (209,000) | (74,000) | (159,000) | (202,000) |
Recoveries of loans charged-off | 0 | |||
Loans charged-off | 0 | 0 | ||
Balance | 637,000 | 706,000 | 637,000 | 706,000 |
Family Residential Real Estate 1-4 [Member] | ||||
Balance | 1,732,000 | 1,713,000 | 1,716,000 | 1,711,000 |
Provision for loan losses | 131,000 | 15,000 | 144,000 | 12,000 |
Recoveries of loans charged-off | 2,000 | 4,000 | 5,000 | 9,000 |
Loans charged-off | (23,000) | (23,000) | ||
Balance | 1,842,000 | 1,732,000 | 1,842,000 | 1,732,000 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Balance | 4,842,000 | 4,437,000 | 4,734,000 | 3,960,000 |
Provision for loan losses | (372,000) | 155,000 | (264,000) | 632,000 |
Recoveries of loans charged-off | 0 | 0 | ||
Loans charged-off | (107,000) | (107,000) | ||
Balance | 4,363,000 | 4,592,000 | 4,363,000 | 4,592,000 |
Agriculture Real Estate [Member] | ||||
Balance | 977,000 | 907,000 | 997,000 | 861,000 |
Provision for loan losses | 218,000 | 36,000 | 198,000 | 82,000 |
Recoveries of loans charged-off | 0 | 0 | ||
Loans charged-off | 0 | 0 | ||
Balance | 1,195,000 | 943,000 | 1,195,000 | 943,000 |
Commercial Portfolio Segment [Member] | ||||
Balance | 1,688,000 | 2,071,000 | 1,739,000 | 1,728,000 |
Provision for loan losses | 92,000 | (80,000) | 33,000 | 735,000 |
Recoveries of loans charged-off | 1,000 | 2,000 | 22,000 | 30,000 |
Loans charged-off | (10,000) | (109,000) | (23,000) | (609,000) |
Balance | 1,771,000 | 1,884,000 | 1,771,000 | 1,884,000 |
Agriculture [Member] | ||||
Balance | 1,178,000 | 1,154,000 | 1,171,000 | 1,216,000 |
Provision for loan losses | 168,000 | (34,000) | 175,000 | (96,000) |
Recoveries of loans charged-off | 0 | 0 | ||
Loans charged-off | (58,000) | (58,000) | ||
Balance | 1,288,000 | 1,120,000 | 1,288,000 | 1,120,000 |
Consumer and Other [Member] | ||||
Balance | 120,000 | 126,000 | 168,000 | 123,000 |
Provision for loan losses | 72,000 | 39,000 | 66,000 | 59,000 |
Recoveries of loans charged-off | 5,000 | 4,000 | 19,000 | 8,000 |
Loans charged-off | (5,000) | (6,000) | (61,000) | (27,000) |
Balance | $ 192,000 | $ 163,000 | $ 192,000 | $ 163,000 |
Note 8 - Loans Receivable and_5
Note 8 - Loans Receivable and Credit Disclosures - Allowance for Loan Losses Impairment Analysis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Individually evaluated for impairment | $ 598 | $ 811 |
Collectively evaluated for impairment | 10,690 | 10,510 |
Balance | 11,288 | 11,321 |
Construction Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 637 | 796 |
Balance | 637 | 796 |
Family Residential Real Estate 1-4 [Member] | ||
Individually evaluated for impairment | 53 | 42 |
Collectively evaluated for impairment | 1,789 | 1,674 |
Balance | 1,842 | 1,716 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for impairment | 13 | 115 |
Collectively evaluated for impairment | 4,350 | 4,619 |
Balance | 4,363 | 4,734 |
Agriculture Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 1,195 | 997 |
Balance | 1,195 | 997 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for impairment | 510 | 607 |
Collectively evaluated for impairment | 1,261 | 1,132 |
Balance | 1,771 | 1,739 |
Agriculture [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 1,288 | 1,171 |
Balance | 1,288 | 1,171 |
Consumer and Other [Member] | ||
Individually evaluated for impairment | 22 | 47 |
Collectively evaluated for impairment | 170 | 121 |
Balance | $ 192 | $ 168 |
Note 8 - Loans Receivable and_6
Note 8 - Loans Receivable and Credit Disclosures - Loans Receivable Impairment Analysis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Individually evaluated for impairment | $ 3,639 | $ 4,810 |
Collectively evaluated for impairment | 867,565 | 778,140 |
Balance | 871,204 | 782,950 |
Construction Real Estate [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 44,810 | 50,309 |
Balance | 44,810 | 50,309 |
Family Residential Real Estate 1-4 [Member] | ||
Individually evaluated for impairment | 367 | 689 |
Collectively evaluated for impairment | 171,368 | 145,569 |
Balance | 171,735 | 146,258 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for impairment | 135 | 901 |
Collectively evaluated for impairment | 373,779 | 349,725 |
Balance | 373,914 | 350,626 |
Agriculture Real Estate [Member] | ||
Individually evaluated for impairment | 76 | |
Collectively evaluated for impairment | 103,507 | 81,790 |
Balance | 103,583 | 81,790 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for impairment | 3,039 | 3,140 |
Collectively evaluated for impairment | 79,343 | 70,676 |
Balance | 82,382 | 73,816 |
Agriculture [Member] | ||
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 78,429 | 69,806 |
Balance | 78,429 | 69,806 |
Consumer and Other [Member] | ||
Individually evaluated for impairment | 22 | 80 |
Collectively evaluated for impairment | 16,329 | 10,265 |
Balance | $ 16,351 | $ 10,345 |
Note 8 - Loans Receivable and_7
Note 8 - Loans Receivable and Credit Disclosures - Impaired Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Impaired financing receivable with no related allowance, recorded investment | $ 703 | $ 1,393 |
Impaired financing receivable with no related allowance, unpaid principal balance | 1,244 | 2,222 |
Impaired financing receivable with related allowance, recorded investment | 2,936 | 3,417 |
Impaired financing receivable with related allowance, unpaid principal balance | 3,424 | 3,789 |
Impaired financing receivable, related allowance | 598 | 811 |
Impaired financing receivable, recorded investment | 3,639 | 4,810 |
Impaired financing receivable, unpaid principal balance | 4,668 | 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 | 250 | 572 |
Impaired financing receivable with no related allowance, unpaid principal balance | 275 | 677 |
Impaired financing receivable with related allowance, recorded investment | 117 | 117 |
Impaired financing receivable with related allowance, unpaid principal balance | 141 | 180 |
Impaired financing receivable, related allowance | 53 | 42 |
Impaired financing receivable, recorded investment | 367 | 689 |
Impaired financing receivable, unpaid principal balance | 416 | 857 |
Commercial Real Estate Portfolio Segment [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 122 | 671 |
Impaired financing receivable with no related allowance, unpaid principal balance | 617 | 1,353 |
Impaired financing receivable with related allowance, recorded investment | 13 | 230 |
Impaired financing receivable with related allowance, unpaid principal balance | 130 | 230 |
Impaired financing receivable, related allowance | 13 | 115 |
Impaired financing receivable, recorded investment | 135 | 901 |
Impaired financing receivable, unpaid principal balance | 747 | 1,583 |
Agriculture Real Estate [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 76 | |
Impaired financing receivable with no related allowance, unpaid principal balance | 89 | |
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 | 76 | |
Impaired financing receivable, unpaid principal balance | 89 | |
Commercial Portfolio Segment [Member] | ||
Impaired financing receivable with no related allowance, recorded investment | 255 | 125 |
Impaired financing receivable with no related allowance, unpaid principal balance | 262 | 148 |
Impaired financing receivable with related allowance, recorded investment | 2,784 | 3,015 |
Impaired financing receivable with related allowance, unpaid principal balance | 3,127 | 3,336 |
Impaired financing receivable, related allowance | 510 | 607 |
Impaired financing receivable, recorded investment | 3,039 | 3,140 |
Impaired financing receivable, unpaid principal balance | 3,389 | 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 | 1 | 44 |
Impaired financing receivable with related allowance, recorded investment | 22 | 55 |
Impaired financing receivable with related allowance, unpaid principal balance | 26 | 43 |
Impaired financing receivable, related allowance | 22 | 47 |
Impaired financing receivable, recorded investment | 22 | 80 |
Impaired financing receivable, unpaid principal balance | $ 27 | $ 87 |
Note 8 - Loans Receivable and_8
Note 8 - Loans Receivable and Credit Disclosures - Average Recorded Investment and Interest Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Impaired financing receivable, with no related allowance, average recorded investment | $ 636 | $ 1,532 | $ 860 | $ 2,700 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 135 | 20 | 443 | 30 |
Impaired financing receivable, with related allowance, average recorded investment | 3,087 | 3,420 | 3,273 | 2,386 |
Impaired financing receivable, with related allowance, interest income, accrual method | 8 | 9 | 3 | |
Impaired financing receivable, average recorded investment | 3,723 | 4,952 | 4,133 | 5,086 |
Impaired financing receivable, interest income, accrual method | 143 | 20 | 452 | 33 |
Construction Real Estate [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | ||||
Impaired financing receivable, with no related allowance, interest income, accrual method | ||||
Impaired financing receivable, with related allowance, average recorded investment | 16 | |||
Impaired financing receivable, with related allowance, interest income, accrual method | 2 | |||
Impaired financing receivable, average recorded investment | 16 | |||
Impaired financing receivable, interest income, accrual method | 2 | |||
Family Residential Real Estate 1-4 [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 315 | 631 | 442 | 535 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 135 | 18 | 180 | 27 |
Impaired financing receivable, with related allowance, average recorded investment | 120 | 128 | 173 | 162 |
Impaired financing receivable, with related allowance, interest income, accrual method | 6 | 6 | ||
Impaired financing receivable, average recorded investment | 435 | 759 | 615 | 697 |
Impaired financing receivable, interest income, accrual method | 141 | 18 | 186 | 27 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 123 | 716 | 266 | 648 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 258 | |||
Impaired financing receivable, with related allowance, average recorded investment | 74 | 149 | ||
Impaired financing receivable, with related allowance, interest income, accrual method | ||||
Impaired financing receivable, average recorded investment | 197 | 716 | 415 | 648 |
Impaired financing receivable, interest income, accrual method | 258 | |||
Agriculture Real Estate [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 38 | 19 | ||
Impaired financing receivable, with no related allowance, interest income, accrual method | ||||
Impaired financing receivable, with related allowance, average recorded investment | ||||
Impaired financing receivable, with related allowance, interest income, accrual method | ||||
Impaired financing receivable, average recorded investment | 38 | 19 | ||
Impaired financing receivable, interest income, accrual method | ||||
Commercial Portfolio Segment [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 160 | 139 | 127 | 1,457 |
Impaired financing receivable, with no related allowance, interest income, accrual method | 2 | 5 | 3 | |
Impaired financing receivable, with related allowance, average recorded investment | 2,838 | 3,263 | 2,901 | 2,193 |
Impaired financing receivable, with related allowance, interest income, accrual method | 2 | 2 | ||
Impaired financing receivable, average recorded investment | 2,998 | 3,402 | 3,028 | 3,650 |
Impaired financing receivable, interest income, accrual method | 2 | 2 | 7 | 3 |
Agriculture [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | ||||
Impaired financing receivable, with no related allowance, interest income, accrual method | ||||
Impaired financing receivable, with related allowance, average recorded investment | 29 | 15 | ||
Impaired financing receivable, with related allowance, interest income, accrual method | ||||
Impaired financing receivable, average recorded investment | 29 | 15 | ||
Impaired financing receivable, interest income, accrual method | ||||
Consumer and Other [Member] | ||||
Impaired financing receivable, with no related allowance, average recorded investment | 46 | 6 | 60 | |
Impaired financing receivable, with no related allowance, interest income, accrual method | ||||
Impaired financing receivable, with related allowance, average recorded investment | 26 | 29 | 35 | 15 |
Impaired financing receivable, with related allowance, interest income, accrual method | 1 | 1 | ||
Impaired financing receivable, average recorded investment | $ 26 | $ 75 | 41 | 75 |
Impaired financing receivable, interest income, accrual method | $ 1 | $ 1 |
Note 8 - Loans Receivable and_9
Note 8 - Loans Receivable and Credit Disclosures - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | |
Financing receivable modifications, number of contracts | 3 | 2 | ||
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 80 | $ 93 | ||
Financing receivable modifications, post modification outstanding, recorded investment | $ 80 | $ 99 | ||
Construction Real Estate [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment | ||||
Family Residential Real Estate 1-4 [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment | ||||
Agriculture Real Estate [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment | ||||
Commercial Portfolio Segment [Member] | ||||
Financing receivable modifications, number of contracts | 3 | 2 | ||
Financing receivable modifications, pre-modification outstanding, recorded investment | $ 80 | $ 93 | ||
Financing receivable modifications, post modification outstanding, recorded investment | $ 80 | $ 99 | ||
Agriculture [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment | ||||
Consumer and Other [Member] | ||||
Financing receivable modifications, number of contracts | ||||
Financing receivable modifications, pre-modification outstanding, recorded investment | ||||
Financing receivable modifications, post modification outstanding, recorded investment |
Note 8 - Loans Receivable an_10
Note 8 - Loans Receivable and Credit Disclosures - Past Due Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing receivable, recorded investment, past due | $ 3,777 | $ 4,045 |
Financing receivable, recorded investment, current | 867,427 | 778,905 |
Financing receivable, recorded investment, total | 871,204 | 782,950 |
Financing receivable, recorded investment, 90 days past due and still accruing | 18 | |
Construction Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 50 | 159 |
Financing receivable, recorded investment, current | 44,760 | 50,150 |
Financing receivable, recorded investment, total | 44,810 | 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 | 1,615 | 1,354 |
Financing receivable, recorded investment, current | 170,120 | 144,904 |
Financing receivable, recorded investment, total | 171,735 | 146,258 |
Financing receivable, recorded investment, 90 days past due and still accruing | 18 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 39 | 992 |
Financing receivable, recorded investment, current | 373,875 | 349,634 |
Financing receivable, recorded investment, total | 373,914 | 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 | 990 | 655 |
Financing receivable, recorded investment, current | 102,593 | 81,135 |
Financing receivable, recorded investment, total | 103,583 | 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 | 924 | 693 |
Financing receivable, recorded investment, current | 81,458 | 73,123 |
Financing receivable, recorded investment, total | 82,382 | 73,816 |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | 0 |
Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 49 | 77 |
Financing receivable, recorded investment, current | 78,380 | 69,729 |
Financing receivable, recorded investment, total | 78,429 | 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 | 110 | 115 |
Financing receivable, recorded investment, current | 16,241 | 10,230 |
Financing receivable, recorded investment, total | 16,351 | 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 | 2,964 | 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 | 1,481 | 940 |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 26 | 363 |
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture Real Estate [Member] | ||
Financing receivable, recorded investment, past due | 990 | 655 |
Financing Receivables 30 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 260 | 275 |
Financing Receivables 30 to 89 Days Past Due [Member] | Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 49 | 77 |
Financing Receivables 30 to 89 Days Past Due [Member] | Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | 108 | 77 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing receivable, recorded investment, past due | 813 | 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 | 134 | 414 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, recorded investment, past due | 13 | 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 | 664 | 418 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Agriculture [Member] | ||
Financing receivable, recorded investment, past due | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer and Other [Member] | ||
Financing receivable, recorded investment, past due | $ 2 | $ 38 |
Note 8 - Loans Receivable an_11
Note 8 - Loans Receivable and Credit Disclosures - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loan and lease receivable other than consumer and residential | $ 683,118 | $ 626,347 |
Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 560,755 | 532,556 |
Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 84,600 | 82,493 |
Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 18,371 | 184 |
Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 16,243 | 7,073 |
Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 3,149 | 4,041 |
Construction Real Estate [Member] | ||
Loan and lease receivable other than consumer and residential | 44,810 | 50,309 |
Construction Real Estate [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 39,158 | 47,726 |
Construction Real Estate [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 5,444 | 2,583 |
Construction Real Estate [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 208 | 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 | 373,914 | 350,626 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 335,326 | 319,178 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 20,279 | 27,528 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 15,434 | 184 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 2,764 | 2,835 |
Commercial Real Estate Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 111 | 901 |
Agriculture Real Estate [Member] | ||
Loan and lease receivable other than consumer and residential | 103,583 | 81,790 |
Agriculture Real Estate [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 74,334 | 60,301 |
Agriculture Real Estate [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 20,086 | 20,114 |
Agriculture Real Estate [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 2,474 | |
Agriculture Real Estate [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 6,689 | 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 | 82,382 | 73,816 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 58,374 | 59,535 |
Commercial Portfolio Segment [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 16,997 | 9,628 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Loan and lease receivable other than consumer and residential | 255 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loan and lease receivable other than consumer and residential | 3,718 | 1,513 |
Commercial Portfolio Segment [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | 3,038 | 3,140 |
Agriculture [Member] | ||
Loan and lease receivable other than consumer and residential | 78,429 | 69,806 |
Agriculture [Member] | Pass [Member] | ||
Loan and lease receivable other than consumer and residential | 53,563 | 45,816 |
Agriculture [Member] | Watch [Member] | ||
Loan and lease receivable other than consumer and residential | 21,794 | 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 | 3,072 | 1,350 |
Agriculture [Member] | Substandard Impaired [Member] | ||
Loan and lease receivable other than consumer and residential | $ 0 |
Note 8 - Loans Receivable an_12
Note 8 - Loans Receivable and Credit Disclosures - Credit Risk Profile Based on Payment Activity (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loan and lease receivable, consumer and residential | $ 188,086 | $ 156,603 |
Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 187,699 | 155,815 |
Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 387 | 788 |
Family Residential Real Estate 1-4 [Member] | ||
Loan and lease receivable, consumer and residential | 171,735 | 146,258 |
Family Residential Real Estate 1-4 [Member] | Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 171,371 | 145,551 |
Family Residential Real Estate 1-4 [Member] | Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 364 | 707 |
Consumer and Other [Member] | ||
Loan and lease receivable, consumer and residential | 16,351 | 10,345 |
Consumer and Other [Member] | Performing Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | 16,328 | 10,264 |
Consumer and Other [Member] | Nonperforming Financial Instruments [Member] | ||
Loan and lease receivable, consumer and residential | $ 23 | $ 81 |
Note 9 - Goodwill (Details Text
Note 9 - Goodwill (Details Textual) - USD ($) | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 14, 2018 | Dec. 31, 2017 | |
Goodwill, Ending Balance | $ 9,618,621 | $ 6,732,216 | |
Finite Tax Lived Intangible Asset, Useful Life | 15 years | ||
Acquisition of Clarke County State Bank [Member] | |||
Goodwill, Ending Balance | $ 2,886,405 | $ 2,886,405 |
Note 10 - Intangible Assets (De
Note 10 - Intangible Assets (Details Textual) - USD ($) | Sep. 14, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 3 years 328 days | 2 years 182 days | ||||
Core Deposits [Member] | ||||||
Finite-lived Intangible Assets Acquired | $ 2,002,000 | $ 2,002,000 | ||||
Core Deposits [Member] | Acquisition of Clarke County State Bank [Member] | ||||||
Finite-lived Intangible Assets Acquired | $ 2,000,000 |
Note 10 - Intangible Assets - I
Note 10 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Intangible asset, gross amount | $ 5,055 | $ 3,038 |
Intangible asset, accumulated amortization | 2,213 | 1,947 |
Core Deposits [Member] | ||
Intangible asset, gross amount | 4,520 | 2,518 |
Intangible asset, accumulated amortization | 2,069 | 1,861 |
Customer Lists [Member] | ||
Intangible asset, gross amount | 535 | 520 |
Intangible asset, accumulated amortization | $ 144 | $ 86 |
Note 10 - Intangible Assets - C
Note 10 - Intangible Assets - Core Deposit Intangible Assets Activity (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Intangible asset, net | $ 1,091,462 | |||
Amortization | $ (94,883) | $ (89,861) | (266,337) | $ (280,837) |
Intangible asset, net | 2,842,085 | 2,842,085 | ||
Core Deposits [Member] | ||||
Intangible asset, net | 935,000 | 1,212,000 | 1,091,000 | 1,353,000 |
Purchase | 2,002,000 | 2,002,000 | ||
Adjustment to intangible asset | 12,000 | 15,000 | 62,000 | |
Amortization | (95,000) | (90,000) | (266,000) | (281,000) |
Intangible asset, net | $ 2,842,000 | $ 1,134,000 | $ 2,842,000 | $ 1,134,000 |
Note 10 - Intangible Assets - E
Note 10 - Intangible Assets - Estimated Remaining Amortization Expense on Intangible Assets on Core Deposits (Details) - USD ($) | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Intangible asset, net | $ 2,842,085 | $ 1,091,462 | ||||
Core Deposits [Member] | ||||||
2,018 | 166,000 | |||||
2,019 | 540,000 | |||||
2,020 | 440,000 | |||||
2,021 | 402,000 | |||||
2,022 | 363,000 | |||||
2,023 | 318,000 | |||||
After | 613,000 | |||||
Intangible asset, net | $ 2,842,000 | $ 935,000 | $ 1,091,000 | $ 1,134,000 | $ 1,212,000 | $ 1,353,000 |
Note 11 - Pledged Collateral _3
Note 11 - Pledged Collateral Related to Securities Sold Under Repurchase Agreements - Pledged Collateral at Estimated Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Securities sold under agreements to repurchase | $ 68,679 | $ 86,607 |
Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 68,679 | 71,621 |
US Treasury and Government [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 3,393 | 1,474 |
US Treasury and Government [Member] | Collateral Related to Term Repurchase Agreements [Member] | ||
Securities sold under agreements to repurchase | 0 | 14,986 |
US Government Agencies Debt Securities [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 46,610 | 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 | 18,676 | 22,824 |
Maturity Overnight [Member] | ||
Securities sold under agreements to repurchase | 68,679 | 71,621 |
Maturity Overnight [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | ||
Securities sold under agreements to repurchase | 68,679 | 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 | 3,393 | 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 | 46,610 | 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 | 18,676 | 22,824 |
Maturity Greater than 90 Days [Member] | ||
Securities sold under agreements to repurchase | 0 | 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 | 0 | 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 12 - Regulatory Matters (D
Note 12 - Regulatory Matters (Details Textual) | Sep. 30, 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 12 - Regulatory Matters -
Note 12 - Regulatory Matters - Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | ||
Capital | $ 175,218 | $ 176,306 | ||
Capital to risk weighted assets | 16.40% | 17.60% | ||
Capital required for capital adequacy | $ 105,608 | [1] | $ 92,500 | [2] |
Capital required for capital adequacy to risk weighted assets | 9.875% | [1] | 9.25% | [2] |
Tier one risk based capital | $ 163,388 | $ 164,467 | ||
Tier one risk based capital to risk weighted assets | 15.30% | 16.40% | ||
Tier one risk based capital required for capital adequacy | $ 84,219 | [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 | $ 163,388 | $ 164,467 | ||
Tier one leverage capital to average assets | 11.80% | 12.10% | ||
Tier one leverage capital required for capital adequacy | $ 55,401 | $ 54,264 | ||
Tier one leverage capital required for capital adequacy to risk weighted assets | 4.00% | 4.00% | ||
Common equity tier one capital | $ 163,388 | $ 164,467 | ||
Common equity tier one risk based capital to risk weighted assets | 15.30% | 16.40% | ||
Common equity tier one capital required for capital adequacy | $ 68,177 | [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 | $ 15,564 | $ 15,344 | ||
Capital to risk weighted assets | 17.50% | 16.50% | ||
Capital required for capital adequacy | $ 8,788 | [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 | $ 8,900 | $ 9,312 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 14,654 | $ 14,453 | ||
Tier one risk based capital to risk weighted assets | 16.50% | 15.50% | ||
Tier one risk based capital required for capital adequacy | $ 7,008 | [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 | $ 7,120 | $ 7,449 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 14,654 | $ 14,453 | ||
Tier one leverage capital to average assets | 11.30% | 10.40% | ||
Tier one leverage capital required for capital adequacy | $ 5,177 | $ 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 | $ 6,471 | $ 6,960 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 14,654 | $ 14,453 | ||
Common equity tier one risk based capital to risk weighted assets | 16.50% | 15.50% | ||
Common equity tier one capital required for capital adequacy | $ 5,673 | [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 | $ 5,785 | $ 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 | $ 80,062 | $ 81,390 | ||
Capital to risk weighted assets | 13.40% | 15.50% | ||
Capital required for capital adequacy | $ 59,155 | [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 | $ 59,904 | $ 52,396 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 73,969 | $ 75,404 | ||
Tier one risk based capital to risk weighted assets | 12.30% | 14.40% | ||
Tier one risk based capital required for capital adequacy | $ 47,174 | [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 | $ 47,923 | $ 41,917 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 73,969 | $ 75,404 | ||
Tier one leverage capital to average assets | 9.80% | 10.10% | ||
Tier one leverage capital required for capital adequacy | $ 30,217 | $ 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 | $ 37,771 | $ 37,387 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 73,969 | $ 75,404 | ||
Common equity tier one risk based capital to risk weighted assets | 12.30% | 14.40% | ||
Common equity tier one capital required for capital adequacy | $ 38,189 | [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 | $ 38,938 | $ 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 | $ 27,631 | $ 26,982 | ||
Capital to risk weighted assets | 15.60% | 15.30% | ||
Capital required for capital adequacy | $ 17,506 | [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 | $ 17,728 | $ 17,648 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 25,487 | $ 24,775 | ||
Tier one risk based capital to risk weighted assets | 14.40% | 14.00% | ||
Tier one risk based capital required for capital adequacy | $ 13,961 | [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 | $ 14,182 | $ 14,118 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 25,487 | $ 24,775 | ||
Tier one leverage capital to average assets | 11.90% | 11.60% | ||
Tier one leverage capital required for capital adequacy | $ 8,574 | $ 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 | $ 10,718 | $ 10,691 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 25,487 | $ 24,775 | ||
Common equity tier one risk based capital to risk weighted assets | 14.40% | 14.00% | ||
Common equity tier one capital required for capital adequacy | $ 11,301 | [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 | $ 11,523 | $ 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 | $ 20,260 | $ 20,064 | ||
Capital to risk weighted assets | 16.40% | 15.80% | ||
Capital required for capital adequacy | $ 12,199 | [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 | $ 12,353 | $ 12,690 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 18,712 | $ 18,475 | ||
Tier one risk based capital to risk weighted assets | 15.10% | 14.60% | ||
Tier one risk based capital required for capital adequacy | $ 9,728 | [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 | $ 9,883 | $ 10,152 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 18,712 | $ 18,475 | ||
Tier one leverage capital to average assets | 11.50% | 11.80% | ||
Tier one leverage capital required for capital adequacy | $ 6,485 | $ 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 | $ 8,106 | $ 7,856 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 18,712 | $ 18,475 | ||
Common equity tier one risk based capital to risk weighted assets | 15.10% | 14.60% | ||
Common equity tier one capital required for capital adequacy | $ 7,875 | [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 | $ 8,030 | $ 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 | $ 14,955 | $ 14,833 | ||
Capital to risk weighted assets | 19.60% | 19.90% | ||
Capital required for capital adequacy | $ 7,546 | [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 | $ 7,641 | $ 7,436 | ||
Capital required to be well capitalized to risk weighted assets | 10.00% | 10.00% | ||
Tier one risk based capital | $ 14,140 | $ 14,012 | ||
Tier one risk based capital to risk weighted assets | 18.50% | 18.80% | ||
Tier one risk based capital required for capital adequacy | $ 6,017 | [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 | $ 6,113 | $ 5,649 | ||
Tier one risk based capital required to be well capitalized to risk weighted assets | 8.00% | 8.00% | ||
Tier one leverage capital | $ 14,140 | $ 14,012 | ||
Tier one leverage capital to average assets | 12.70% | 12.80% | ||
Tier one leverage capital required for capital adequacy | $ 4,457 | $ 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 | $ 5,572 | $ 5,453 | ||
Tier one leverage capital required to be well capitalized to average assets | 5.00% | 5.00% | ||
Common equity tier one capital | $ 14,140 | $ 14,012 | ||
Common equity tier one risk based capital to risk weighted assets | 18.50% | 18.80% | ||
Common equity tier one capital required for capital adequacy | $ 4,871 | [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 | $ 4,967 | $ 4,833 | ||
Common equity tier one capital required to be well capitalized to risk weighted assets | 6.50% | 6.50% | ||
[1] | These ratios for September 30, 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. |