Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Loans and Allowance for Loan Losses Loans consisted of the following segments as of December 31, 2021 and 2020. 2021 2020 Commercial $ 492,815 $ 603,599 Real estate: Construction, land and land development 359,258 236,093 1-4 family residential first mortgages 66,216 58,912 Home equity 8,422 9,444 Commercial 1,530,218 1,373,007 Consumer and other 3,797 5,694 2,460,726 2,286,749 Net unamortized fees and costs (4,530) (6,174) $ 2,456,196 $ 2,280,575 Included in commercial loans at December 31, 2021 and 2020, were $22,206 and $180,757, respectively, of loans originated in the Paycheck Protection Program (PPP). The PPP was established by the Coronavirus Aid, Relief and Economic Security Act (CARES Act), enacted on March 27, 2020, and expanded by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, enacted on December 27, 2020 and the American Rescue Plan Act, enacted on March 11, 2021, in response to the Coronavirus Disease 2019 (COVID-19) pandemic. The PPP is administered by the Small Business Administration (SBA). PPP loans may be forgiven by the SBA and are 100 percent guaranteed by the SBA. Therefore, no allowance for loan losses is allocated to PPP loans. The loan portfolio included $1,719,109 and $1,605,525 of fixed-rate loans and $741,617 and $681,224 of variable-rate loans as of December 31, 2021 and 2020, respectively. Real estate loans of approximately $1,190,000 and $1,010,000 were pledged as security for FHLB advances as of December 31, 2021 and 2020, respectively. The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with directors, executive officers, their immediate families, and affiliated companies in which they are principal stockholders or executive officers (commonly referred to as related parties), all of which have been originated, in the opinion of management, on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties. None of these loans are past due, on nonaccrual status or restructured to provide a reduction or deferral of interest or principal because of deterioration in the financial position of the borrower. There were no loans to a related party that the Company considered adversely classified at December 31, 2021 or 2020. Loan transactions with related parties were as follows for the years ended December 31, 2021 and 2020. 2021 2020 Balance, beginning of year $ 119,600 $ 133,661 New loans 35,450 6,170 Repayments (11,282) (6,909) Effect of change in composition of related parties — (13,322) Balance, end of year $ 143,768 $ 119,600 The following table summarizes the recorded investment in impaired loans by segment, broken down by loans with no related allowance and loans with a related allowance and the amount of that allowance as of December 31, 2021 and 2020. December 31, 2021 December 31, 2020 Recorded Unpaid Related Recorded Unpaid Related With no related allowance recorded: Commercial $ — $ — $ — $ — $ — $ — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 349 349 — 377 377 — Home equity — — — — — — Commercial — — — — — — Consumer and other — — — — — — 349 349 — 377 377 — With an allowance recorded: Commercial — — — — — — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages — — — — — — Home equity — — — — — — Commercial 8,599 8,599 2,500 15,817 15,817 3,000 Consumer and other — — — — — — 8,599 8,599 2,500 15,817 15,817 3,000 Total: Commercial — — — — — — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 349 349 — 377 377 — Home equity — — — — — — Commercial 8,599 8,599 2,500 15,817 15,817 3,000 Consumer and other — — — — — — Total impaired loans $ 8,948 $ 8,948 $ 2,500 $ 16,194 $ 16,194 $ 3,000 The balance of impaired loans was composed of loans to the same two borrowers as of both December 31, 2021 and 2020. The Company has no commitments to advance additional funds on any of the impaired loans. The following table summarizes the average recorded investment and interest income recognized on impaired loans by segment for the years ended December 31, 2021, 2020 and 2019. December 31, 2021 December 31, 2020 December 31, 2019 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ — $ — $ 42 $ 2 $ 687 $ 39 Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 363 — 392 5 73 6 Home equity — — 2 — 34 2 Commercial — — 3,659 17 384 22 Consumer and other — — — — — — 363 — 4,095 24 1,178 69 With an allowance recorded: Commercial — 339 — 7 — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages — — — — — — Home equity — — — — — — Commercial 13,002 — 1,217 — 58 6 Consumer and other — — — — — — 13,002 — 1,556 — 65 6 Total: Commercial — — 381 2 694 39 Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 363 — 392 5 73 6 Home equity — — 2 — 34 2 Commercial 13,002 — 4,876 17 442 28 Consumer and other — — — — — — Total impaired loans $ 13,365 $ — $ 5,651 $ 24 $ 1,243 $ 75 Interest income forgone on impaired loans was $534, $235 and $25, respectively, during the years ended December 31, 2021, 2020 and 2019. The following tables provide an analysis of the payment status of the recorded investment in loans as of December 31, 2021 and 2020. December 31, 2021 30-59 60-89 Days Past Due 90 Days or More Past Due Total Current Nonaccrual Loans Total Loans Commercial $ — $ — $ — $ — $ 492,815 $ — $ 492,815 Real estate: Construction, land and land development — — — — 359,258 — 359,258 1-4 family residential first mortgages — — — — 65,867 349 66,216 Home equity — — — — 8,422 — 8,422 Commercial — — — — 1,521,619 8,599 1,530,218 Consumer and other — — — — 3,797 — 3,797 Total $ — $ — $ — $ — $ 2,451,778 $ 8,948 $ 2,460,726 December 31, 2020 30-59 60-89 Days Past Due 90 Days or More Past Due Total Current Nonaccrual Loans Total Loans Commercial $ 18 $ — $ — $ 18 $ 603,581 $ — $ 603,599 Real estate: Construction, land and land development — — — — 236,093 — 236,093 1-4 family residential first mortgages — — — — 58,535 377 58,912 Home equity — — — — 9,444 — 9,444 Commercial — — — — 1,357,190 15,817 1,373,007 Consumer and other — — — — 5,694 — 5,694 Total $ 18 $ — $ — $ 18 $ 2,270,537 $ 16,194 $ 2,286,749 TDR loans totaled $8,599 and $0 as of December 31, 2021 and December 31, 2020, respectively, and were included in the nonaccrual category. There were six loan modifications related to one borrower considered to be TDR that occurred during the year ended December 31, 2021. The modifications included significant payment delays. A specific reserve of $2,500 and $3,000 related to these loans was recorded at December 31, 2021 and December 31, 2020, respectively. There were no loan modifications considered to be TDR that occurred during the years ended December 31, 2020 and 2019. The pre- and post-modification recorded investment in TDR loans that have occurred during the years ended December 31, 2021, 2020 and 2019, totaled $14,044, $0 and $0, respectively. There were no TDR loans that have been modified within the twelve months ended December 31, 2021, 2020 and 2019 that have subsequently had a payment default. A TDR loan is considered to have a payment default when it is past due 30 days or more. The CARES Act provided financial institutions the option to temporarily suspend certain requirements under GAAP related to TDRs for a limited period of time in certain circumstances. This temporary suspension only applied to modifications of loans that were not more than 30 days past due as of December 31, 2019 and could not be applied to modifications that were not related to the COVID-19 pandemic. If elected, this temporary suspension applied to eligible modifications executed during the period beginning on March 1, 2020 and, as extended by the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, ending on January 1, 2022. In 2020, federal banking regulators in consultation with FASB issued interagency statements that included similar guidance on their approach for the accounting of loan modifications in light of the economic impact of the COVID-19 pandemic that provided that short-term modifications and additional accommodations made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief were not TDRs. At December 31, 2021, there were no COVID-19-related loan modifications. At December 31, 2020, COVID-19-related loan modifications totaled $139,940. The modifications primarily included a deferral of principal and/or interest payments. Modified loans continued to accrue interest and were evaluated for past due status based on the revised payment terms, except for one borrower relationship classified as impaired. All COVID-19-related modifications expired during 2021 and these loans returned to regular payment status. The following tables show the recorded investment in loans by credit quality indicator and loan segment as of December 31, 2021 and 2020. December 31, 2021 Pass Watch Substandard Doubtful Total Commercial $ 492,545 $ 270 $ — $ — $ 492,815 Real estate: Construction, land and land development 359,203 55 — — 359,258 1-4 family residential first mortgages 65,596 156 464 — 66,216 Home equity 8,422 — — — 8,422 Commercial 1,458,075 63,544 8,599 — 1,530,218 Consumer and other 3,797 — — — 3,797 Total $ 2,387,638 $ 64,025 $ 9,063 $ — $ 2,460,726 December 31, 2020 Pass Watch Substandard Doubtful Total Commercial $ 601,806 $ 992 $ 801 $ — $ 603,599 Real estate: Construction, land and land development 236,035 58 — — 236,093 1-4 family residential first mortgages 57,680 609 623 — 58,912 Home equity 9,113 331 — — 9,444 Commercial 1,331,780 24,725 16,502 — 1,373,007 Consumer and other 5,694 — — — 5,694 Total $ 2,242,108 $ 26,715 $ 17,926 $ — $ 2,286,749 All loans are subject to the assessment of a credit quality indicator. Risk ratings are assigned for each loan at the time of approval, and they change as circumstances dictate during the term of the loan. The Company utilizes a 9-point risk rating scale as shown below, with ratings 1 - 5 included in the Pass column, rating 6 included in the Watch column, ratings 7 - 8 included in the Substandard column, and rating 9 included in the Doubtful column. All loans classified as impaired that are included in the specific evaluation of the allowance for loan losses are included in the Substandard column along with all other loans with ratings of 7 - 8. Risk rating 1: The loan is secured by cash equivalent collateral. Risk rating 2: The loan is secured by properly margined marketable securities, bonds or cash surrender value of life insurance. Risk rating 3: The borrower is in strong financial condition and has strong debt service capacity. The loan is performing as agreed, and the financial characteristics and trends of the borrower exceed industry statistics. Risk rating 4: The borrower’s financial condition is satisfactory and stable. The borrower has satisfactory debt service capacity, and the loan is well secured. The loan is performing as agreed, and the financial characteristics and trends fall in line with industry statistics. Risk rating 5: The borrower’s financial condition is less than satisfactory. The loan is still generally paying as agreed, but strained cash flow may cause some slowness in payments. The collateral values adequately preclude loss on the loan. Financial characteristics and trends lag industry statistics. There may be noncompliance with loan covenants. Risk rating 6: The borrower’s financial condition is deficient. Payment delinquencies may be more common. Collateral values still protect from loss, but margins are narrow. The loan may be reliant on secondary sources of repayment, including liquidation of collateral and guarantor support. Risk rating 7: The loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Well-defined weaknesses exist that jeopardize the liquidation of the debt. The Company is inadequately protected by the valuation or paying capacity of the collateral pledged. If deficiencies are not corrected, there is a distinct possibility that a loss will be sustained. Risk rating 8: All the characteristics of rating 7 exist with the added condition that the loan is past due more than 90 days or there is reason to believe the Company will not receive its principal and interest according to the terms of the loan agreement. Risk rating 9: All the weaknesses inherent in risk ratings 7 and 8 exist with the added condition that collection or liquidation, on the basis of currently known facts, conditions and values, is highly questionable and improbable. A loan reaching this category would most likely be charged off. Credit quality indicators for all loans and the Company’s risk rating process are dynamic and updated on a continuous basis. Risk ratings are updated as circumstances that could affect the repayment of an individual loan are brought to management’s attention through an established monitoring process. Individual lenders initiate changes as appropriate for ratings 1 through 5, and changes for ratings 6 through 9 are initiated via communications with management. The likelihood of loss increases as the risk rating increases and is generally preceded by a loan appearing on the Watch List, which consists of all loans with a risk rating of 6 or worse. Written action plans with firm target dates for resolution of identified problems are maintained and reviewed on a quarterly basis for all segments of loans included on the Watch List. In addition to the Company’s internal credit monitoring practices and procedures, an outsourced independent credit review function is in place to further assess assigned internal risk classifications and monitor compliance with internal lending policies and procedures. In all portfolio segments, the primary risks are that a borrower’s income stream diminishes to the point that it is not able to make scheduled principal and interest payments and any collateral securing the loan declines in value. The risk of declining collateral values is present for most types of loans. Commercial loans consist primarily of loans to businesses for various purposes, including revolving lines to finance current operations, inventory and accounts receivable, and capital expenditure loans to finance equipment and other fixed assets. These loans generally have short maturities, have either adjustable or fixed interest rates, and are either unsecured or secured by inventory, accounts receivable and/or fixed assets. For commercial loans, the primary source of repayment is from the operation of the business. Real estate loans include various types of loans for which the Company holds real property as collateral, and consist of loans on commercial properties and single and multifamily residences. Real estate loans are typically structured to mature or reprice every 5 to 10 years with payments based on amortization periods up to 30 years. The majority of construction loans are to contractors and developers for construction of commercial buildings or residential real estate. These loans typically have maturities of up to 24 months. The Company’s loan policy includes minimum appraisal and other credit guidelines. Consumer loans include loans extended to individuals for household, family and other personal expenditures not secured by real estate. The majority of the Company’s consumer lending is for vehicles, consolidation of personal debts and household improvements. The repayment source for consumer loans, including 1-4 family residential mortgages and home equity loans, is typically wages. The following tables detail changes in the allowance for loan losses by segment for the years ended December 31, 2021, 2020 and 2019. 2021 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 4,718 $ 2,634 $ 360 $ 114 $ 21,535 $ 75 $ 29,436 Charge-offs — — — — — — — Recoveries 404 — 2 4 13 5 428 Provision (1) (346) 1,012 (23) (27) (2,082) (34) (1,500) Ending balance $ 4,776 $ 3,646 $ 339 $ 91 $ 19,466 $ 46 $ 28,364 2020 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 3,875 $ 2,375 $ 216 $ 127 $ 10,565 $ 77 $ 17,235 Charge-offs — — — (1) — — (1) Recoveries 103 — 72 4 12 11 202 Provision (1) 740 259 72 (16) 10,958 (13) 12,000 Ending balance $ 4,718 $ 2,634 $ 360 $ 114 $ 21,535 $ 75 $ 29,436 2019 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 3,508 $ 2,384 $ 250 $ 171 $ 10,301 $ 75 $ 16,689 Charge-offs (452) — — — — — (452) Recoveries 290 — 14 74 12 8 398 Provision (1) 529 (9) (48) (118) 252 (6) 600 Ending balance $ 3,875 $ 2,375 $ 216 $ 127 $ 10,565 $ 77 $ 17,235 (1) The negative provisions for the various segments are either related to the decline in outstanding balances in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. The following tables show a breakdown of the allowance for loan losses disaggregated on the basis of impairment analysis method by segment as of December 31, 2021 and 2020. December 31, 2021 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ 2,500 $ — $ 2,500 Collectively evaluated for impairment 4,776 3,646 339 91 16,966 46 25,864 Total $ 4,776 $ 3,646 $ 339 $ 91 $ 19,466 $ 46 $ 28,364 December 31, 2020 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ 3,000 $ — $ 3,000 Collectively evaluated for impairment 4,718 2,634 360 114 18,535 75 26,436 Total $ 4,718 $ 2,634 $ 360 $ 114 $ 21,535 $ 75 $ 29,436 The following tables show the recorded investment in loans, exclusive of unamortized fees and costs, disaggregated on the basis of impairment analysis method by segment as of December 31, 2021 and 2020. December 31, 2021 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ 349 $ — $ 8,599 $ — $ 8,948 Collectively evaluated for impairment 492,815 359,258 65,867 8,422 1,521,619 3,797 2,451,778 Total $ 492,815 $ 359,258 $ 66,216 $ 8,422 $ 1,530,218 $ 3,797 $ 2,460,726 December 31, 2020 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ 377 $ — $ 15,817 $ — $ 16,194 Collectively evaluated for impairment 603,599 236,093 58,535 9,444 1,357,190 5,694 2,270,555 Total $ 603,599 $ 236,093 $ 58,912 $ 9,444 $ 1,373,007 $ 5,694 $ 2,286,749 |