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, 2022 and 2021. 2022 2021 Commercial $ 519,196 $ 492,815 Real estate: Construction, land and land development 363,014 359,258 1-4 family residential first mortgages 75,211 66,216 Home equity 10,322 8,422 Commercial 1,771,940 1,530,218 Consumer and other 7,292 3,797 2,746,975 2,460,726 Net unamortized fees and costs (4,139) (4,530) $ 2,742,836 $ 2,456,196 Included in commercial loans at December 31, 2022 and 2021, were $1,117 and $22,206, 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 $1,919,948 and $1,719,109 of fixed-rate loans and $827,027 and $741,617 of variable-rate loans as of December 31, 2022 and 2021, respectively. Real estate loans of approximately $1,190,000 were pledged as security for FHLB advances as of December 31, 2022 and 2021. 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, 2022 or 2021. Loan transactions with related parties were as follows for the years ended December 31, 2022 and 2021. 2022 2021 Balance, beginning of year $ 143,768 $ 119,600 New loans 42,371 35,450 Repayments (20,650) (11,282) Effect of change in classification (9,700) — Balance, end of year $ 155,789 $ 143,768 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, 2022 and 2021. December 31, 2022 December 31, 2021 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 322 322 — 349 349 — Home equity — — — — — — Commercial — — — — — — Consumer and other — — — — — — 322 322 — 349 349 — 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 Consumer and other — — — — — — — — — 8,599 8,599 2,500 Total: Commercial — — — — — — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 322 322 — 349 349 — Home equity — — — — — — Commercial — — — 8,599 8,599 2,500 Consumer and other — — — — — — Total impaired loans $ 322 $ 322 $ — $ 8,948 $ 8,948 $ 2,500 The balance of impaired loans was composed of loans to one and two borrowers as of December 31, 2022 and 2021, respectively. 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, 2022, 2021 and 2020. December 31, 2022 December 31, 2021 December 31, 2020 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 Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 336 — 363 — 392 5 Home equity — — — — 2 — Commercial — — — — 3,659 17 Consumer and other — — — — — — 336 — 363 — 4,095 24 With an allowance recorded: Commercial — — — 339 — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages — — — — — — Home equity — — — — — — Commercial 3,915 — 13,002 — 1,217 — Consumer and other — — — — — — 3,915 — 13,002 — 1,556 — Total: Commercial — — — — 381 2 Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 336 — 363 — 392 5 Home equity — — — — 2 — Commercial 3,915 — 13,002 — 4,876 17 Consumer and other — — — — — — Total impaired loans $ 4,251 $ — $ 13,365 $ — $ 5,651 $ 24 Interest income forgone on impaired loans was $144, $534 and $235, respectively, during the years ended December 31, 2022, 2021 and 2020. The following tables provide an analysis of the payment status of the recorded investment in loans as of December 31, 2022 and 2021. December 31, 2022 30-59 60-89 Days Past Due 90 Days or More Past Due Total Current Nonaccrual Loans Total Loans Commercial $ — $ — $ — $ — $ 519,196 $ — $ 519,196 Real estate: Construction, land and land development — — — — 363,014 — 363,014 1-4 family residential first mortgages — — — — 74,889 322 75,211 Home equity — — — — 10,322 — 10,322 Commercial — — — — 1,771,940 — 1,771,940 Consumer and other — — — — 7,292 — 7,292 Total $ — $ — $ — $ — $ 2,746,653 $ 322 $ 2,746,975 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 TDR loans totaled $0 and $8,599 as of December 31, 2022 and December 31, 2021, respectively, and were included in the nonaccrual category. There were no loan modifications considered to be TDR that occurred during the years ended December 31, 2022 and 2020. There were six loan modifications considered to be TDR that occurred during the year ended December 31, 2021 related to one borrower. A specific reserve of $2,500 related to these loans was recorded at December 31, 2021. The pre- and post-modification recorded investment in TDR loans that have occurred during the years ended December 31, 2022, 2021 and 2020, totaled $0, $14,044 and $0, respectively. There were no TDR loans that have been modified within the twelve months ended December 31, 2022, 2021 and 2020 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 following tables show the recorded investment in loans by credit quality indicator and loan segment as of December 31, 2022 and 2021. December 31, 2022 Pass Watch Substandard Doubtful Total Commercial $ 519,196 $ — $ — $ — $ 519,196 Real estate: Construction, land and land development 362,967 47 — — 363,014 1-4 family residential first mortgages 74,653 148 410 — 75,211 Home equity 10,322 — — — 10,322 Commercial 1,717,904 54,036 — — 1,771,940 Consumer and other 7,292 — — — 7,292 Total $ 2,692,334 $ 54,231 $ 410 $ — $ 2,746,975 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 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, 2022, 2021 and 2020. 2022 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 4,776 $ 3,646 $ 339 $ 91 $ 19,466 $ 46 $ 28,364 Charge-offs — — (31) — (451) — (482) Recoveries 29 — 33 4 25 — 91 Provision (1) (1) (98) 16 6 (2,465) 42 (2,500) Ending balance $ 4,804 $ 3,548 $ 357 $ 101 $ 16,575 $ 88 $ 25,473 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 (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, 2022 and 2021. December 31, 2022 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 4,804 3,548 357 101 16,575 88 25,473 Total $ 4,804 $ 3,548 $ 357 $ 101 $ 16,575 $ 88 $ 25,473 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 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, 2022 and 2021. December 31, 2022 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ 322 $ — $ — $ — $ 322 Collectively evaluated for impairment 519,196 363,014 74,889 10,322 1,771,940 7,292 2,746,653 Total $ 519,196 $ 363,014 $ 75,211 $ 10,322 $ 1,771,940 $ 7,292 $ 2,746,975 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 |