Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 – Loans Loans were as follows: September 30, December 31, 2015 2014 (in thousands) Commercial $ 84,908 $ 60,936 Commercial Real Estate: Construction 31,484 33,173 Farmland 76,670 77,419 Nonfarm nonresidential 145,899 175,452 Residential Real Estate: Multi-family 39,579 41,891 1-4 Family 204,309 197,278 Consumer 10,483 11,347 Agriculture 30,609 26,966 Other 473 537 Subtotal 624,414 624,999 Less: Allowance for loan losses (14,198 ) (19,364 ) Loans, net $ 610,216 $ 605,635 The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2015 and 2014: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30, 2015: Beginning balance $ 1,946 $ 9,213 $ 5,060 $ 226 $ 359 $ 5 $ 16,809 Negative provision (180 ) (1,334 ) (489 ) (73 ) (120 ) (4 ) (2,200 ) Loans charged off (201 ) (768 ) (486 ) (70 ) (41 ) (14 ) (1,580 ) Recoveries 5 905 144 98 2 15 1,169 Ending balance $ 1,570 $ 8,016 $ 4,229 $ 181 $ 200 $ 2 $ 14,198 September 30, 2014: Beginning balance $ 3,115 $ 14,359 $ 6,873 $ 339 $ 435 $ 12 $ 25,133 Provision for loan losses (471 ) (336 ) 803 28 (8 ) (16 ) – Loans charged off (216 ) (742 ) (806 ) (59 ) – (1 ) (1,824 ) Recoveries 108 458 284 23 2 14 889 Ending balance $ 2,536 $ 13,739 $ 7,154 $ 331 $ 429 $ 9 $ 24,198 The following table presents the activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2015 and 2014: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30, 2015: Beginning balance $ 2,046 $ 10,931 $ 5,787 $ 274 $ 319 $ 7 $ 19,364 Negative provision (207 ) (1,657 ) (269 ) (51 ) (13 ) (3 ) (2,200 ) Loans charged off (675 ) (2,361 ) (1,777 ) (200 ) (111 ) (47 ) (5,171 ) Recoveries 406 1,103 488 158 5 45 2,205 Ending balance $ 1,570 $ 8,016 $ 4,229 $ 181 $ 200 $ 2 $ 14,198 September 30, 2014: Beginning balance $ 3,221 $ 16,414 $ 7,762 $ 416 $ 305 $ 6 $ 28,124 Provision for loan losses (355 ) 4,611 1,897 19 143 (15 ) 6,300 Loans charged off (670 ) (9,110 ) (3,162 ) (238 ) (30 ) (19 ) (13,229 ) Recoveries 340 1,824 657 134 11 37 3,003 Ending balance $ 2,536 $ 13,739 $ 7,154 $ 331 $ 429 $ 9 $ 24,198 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of September 30, 2015: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment - $ 65 $ 404 $ - $ - $ - $ 469 Collectively evaluated for impairment 1,570 7,951 3,825 181 200 2 13,729 Total ending allowance balance $ 1,570 $ 8,016 $ 4,229 $ 181 $ 200 $ 2 $ 14,198 Loans: Loans individually evaluated for impairment $ 1,330 $ 14,910 $ 18,478 $ 25 $ 152 $ - $ 34,895 Loans collectively evaluated for impairment 83,578 239,143 225,410 10,458 30,457 473 589,519 Total ending loans balance $ 84,908 $ 254,053 $ 243,888 $ 10,483 $ 30,609 $ 473 $ 624,414 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of December 31, 2014: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 33 $ 491 $ 227 $ 1 $ - $ - $ 752 Collectively evaluated for impairment 2,013 10,440 5,560 273 319 7 18,612 Total ending allowance balance $ 2,046 $ 10,931 $ 5,787 $ 274 $ 319 $ 7 $ 19,364 Loans: Loans individually evaluated for impairment $ 2,022 $ 48,141 $ 21,384 $ 61 $ 263 $ 122 $ 71,993 Loans collectively evaluated for impairment 58,914 237,903 217,785 11,286 26,703 415 553,006 Total ending loans balance $ 60,936 $ 286,044 $ 239,169 $ 11,347 $ 26,966 $ 537 $ 624,999 Impaired Loans Impaired loans include restructured loans and loans on nonaccrual or classified as doubtful, whereby collection of the total amount is improbable, or loss, whereby all or a portion of the loan has been written off or a specific allowance for loss has been provided. The following tables present information related to loans individually evaluated for impairment by class of loans as of September 30, 2015 and December 31, 2014 and for the three and nine months ended September 30, 2015 and 2014: As of September 30, 2015 Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 1,774 $ 1,330 $ — $ 1,439 $ — $ 1,630 $ 5 Commercial real estate: Construction 803 654 — 833 3 2,426 11 Farmland 6,521 4,164 — 4,305 34 4,555 60 Nonfarm nonresidential 13,837 9,403 — 13,347 65 18,133 202 Residential real estate: Multi-family 32 31 — 33 — 37 — 1-4 Family 15,204 12,426 — 13,163 96 14,040 340 Consumer 123 25 — 23 — 25 — Agriculture 260 152 — 191 — 219 — Other — — — — 1 61 5 Subtotal 38,554 28,185 — 33,334 199 41,126 623 With An Allowance Recorded: Commercial — — — 4 — 16 — Commercial real estate: Construction — — — — — — — Farmland — — — — — 79 — Nonfarm nonresidential 788 689 65 2,708 6 5,622 18 Residential real estate: Multi-family 4,212 4,212 65 4,216 51 4,237 153 1-4 Family 1,809 1,809 339 1,691 29 1,709 68 Consumer — — — — — 10 — Agriculture — — — — — — — Other — — — — — — — Subtotal 6,809 6,710 469 8,619 86 11,673 239 Total $ 45,363 $ 34,895 $ 469 $ 41,953 $ 285 $ 52,799 $ 862 As of December 31, 2014 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 2,546 $ 1,978 $ — $ 1,972 $ — $ 2,325 $ 55 Commercial real estate: Construction 4,714 4,100 — 4,133 3 5,783 9 Farmland 6,636 4,739 — 5,684 26 6,503 74 Nonfarm nonresidential 34,437 22,418 — 30,395 128 44,211 586 Residential real estate: Multi-family 81 81 — 85 — 2,060 — 1-4 Family 18,496 15,266 — 19,987 150 24,520 567 Consumer 93 29 — 16 — 10 — Agriculture 276 263 — 249 — 280 3 Other 367 122 — 169 5 288 14 Subtotal 67,646 48,996 — 62,690 312 85,980 1,308 With An Allowance Recorded: Commercial 145 44 33 161 11 1,190 31 Commercial real estate: Construction — — — 355 5 736 16 Farmland 658 315 38 — — 62 — Nonfarm nonresidential 19,454 16,569 453 9,983 165 13,273 336 Residential real estate: Multi-family 4,266 4,266 91 4,274 52 4,467 128 1-4 Family 1,791 1,771 136 1,715 20 1,858 58 Consumer 32 32 1 41 1 53 2 Agriculture — — — — — — — Other — — — — — — — Subtotal 26,346 22,997 752 16,529 254 21,639 571 Total $ 93,992 $ 71,993 $ 752 $ 79,219 $ 566 $ 107,619 $ 1,879 Cash basis income recognized for the three and nine months ended September 30, 2015 was $47,000 and $149,000, respectively, compared to $58,000 and $480,000 for the three and nine months ended September 30, 2014. Troubled Debt Restructuring A troubled debt restructuring (TDR) occurs when the Company has agreed to a loan modification in the form of a concession for a borrower who is experiencing financial difficulty. The majority of the Company’s TDRs involve a reduction in interest rate, a deferral of principal for a stated period of time, or an interest only period. All TDRs are considered impaired and the Company has allocated reserves for these loans to reflect the present value of the concessionary terms granted to the borrower. The following table presents the types of TDR loan modifications by portfolio segment outstanding as of September 30, 2015 and December 31, 2014: TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) September 30, 2015 Commercial Rate reduction $ — $ 68 $ 68 Principal deferral — 626 626 Commercial Real Estate: Construction Rate reduction 264 — 264 Farmland Principal deferral — 2,365 2,365 Nonfarm nonresidential Rate reduction 5,679 75 5,754 Principal deferral — 654 654 Residential Real Estate: Multi-family Rate reduction 4,212 — 4,212 1-4 Family Rate reduction 7,501 — 7,501 Total TDRs $ 17,656 $ 3,788 $ 21,444 TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2014 Commercial Rate reduction $ 14 $ — $ 14 Principal deferral — 869 869 Commercial Real Estate: Construction Rate reduction 268 3,379 3,647 Farmland Principal deferral — 2,365 2,365 Other Rate reduction 8,622 13,894 22,516 Principal deferral 671 — 671 Residential Real Estate: Multi-family Rate reduction 4,266 — 4,266 1-4 Family Rate reduction 8,112 — 8,112 Consumer Rate reduction 32 — 32 Total TDRs $ 21,985 $ 20,507 $ 42,492 At September 30, 2015 and December 31, 2014, 83% and 52%, respectively, of the Company’s TDRs were performing according to their modified terms. The Company allocated $198,000 and $579,000 in reserves to borrowers whose loan terms have been modified in TDRs as of September 30, 2015, and December 31, 2014, respectively. The Company has made no commitment to lend additional amounts to customers as of September 30, 2015 and December 31, 2014 to borrowers with outstanding loans classified as TDRs. Management periodically reviews renewals/modifications of previously identified TDRs, for which there was no principal forgiveness, to consider if it is appropriate to remove the TDR classification. If the borrower is no longer experiencing financial difficulty and the renewal/modification did not contain a concessionary interest rate or other concessionary terms, management considers the potential removal of the TDR classification. If deemed appropriate, the TDR classification is removed as the borrower has complied with the terms of the loan at the date of renewal/modification and there was a reasonable expectation that the borrower would continue to comply with the terms of the loan after the date of the renewal/modification. In this instance, the TDR was originally considered a restructuring in a prior year as a result of a modification with an interest rate that was not commensurate with the risk of the underlying loan. Additionally, TDR classification can be removed in circumstances in which the Company performs a non-concessionary re-modification of the loan at terms that were considered to be at market for loans with comparable risk. Management expects the borrower will continue to perform under the re-modified terms based on the borrower’s past history of performance. No TDR loan modifications occurred during the three or nine months ended September 30, 2015 or September 30, 2014. During the first nine months of 2015 and 2014, no TDRs defaulted on their restructured loan within the 12 month period following the loan modification. A default is considered to have occurred once the TDR is past due 90 days or more or it has been placed on nonaccrual. Nonperforming Loans Nonperforming loans include impaired loans not on accrual and smaller balance homogeneous loans, such as residential mortgage and consumer loans, that are collectively evaluated for impairment. The following table presents the recorded investment in nonaccrual and loans past due 90 days and still on accrual by class of loan as of September 30, 2015, and December 31, 2014: Nonaccrual Loans Past Due 90 Days And Over Still Accruing September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 (in thousands) Commercial $ 1,330 $ 1,978 $ — $ — Commercial Real Estate: Construction 390 3,831 — — Farmland 4,164 5,054 — — Nonfarm nonresidential 4,412 26,892 — — Residential Real Estate: Multi-family 32 80 — — 1-4 Family 6,482 8,925 — 151 Consumer 25 30 — — Agriculture 152 263 — — Other — 122 — — Total $ 16,987 $ 47,175 $ — $ 151 The following table presents the aging of the recorded investment in past due loans as of September 30, 2015 and December 31, 2014: 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days And Over Past Due Nonaccrual Total Past Due And Nonaccrual (in thousands) September 30, 2015 Commercial $ 18 $ 4 $ — $ 1,330 $ 1,352 Commercial Real Estate: Construction — — — 390 390 Farmland 407 7 — 4,164 4,578 Nonfarm nonresidential — 44 — 4,412 4,456 Residential Real Estate: Multi-family — — — 32 32 1-4 Family 1,527 523 — 6,482 8,532 Consumer 14 — — 25 39 Agriculture 6 — — 152 158 Total $ 1,972 $ 578 $ — $ 16,987 $ 19,537 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days And Over Past Due Nonaccrual Total Past Due And Nonaccrual (in thousands) December 31, 2014 Commercial $ 86 $ — $ — $ 1,978 $ 2,064 Commercial Real Estate: Construction — — — 3,831 3,831 Farmland 400 14 — 5,054 5,468 Nonfarm nonresidential 241 318 — 26,892 27,451 Residential Real Estate: Multi-family — — — 80 80 1-4 Family 3,124 601 151 8,925 12,801 Consumer 109 47 — 30 186 Agriculture — — — 263 263 Other — — — 122 122 Total $ 3,960 $ 980 $ 151 $ 47,175 $ 52,266 Credit Quality Indicators We categorize all loans into risk categories at origination based upon original underwriting. Thereafter, we categorize loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends. Additionally, loans are analyzed continuously through our internal and external loan review processes. Borrower relationships in excess of $500,000 are routinely analyzed through our credit administration processes which classify the loans as to credit risk. The following definitions are used for risk ratings: Watch – Special Mention – Substandard – Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be “Pass” rated loans. As of September 30, 2015, and December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Pass Watch Special Mention Substandard Doubtful Total (in thousands) September 30, 2015 Commercial $ 75,683 $ 3,263 $ — $ 5,962 $ — $ 84,908 Commercial Real Estate: Construction 25,475 5,355 — 654 — 31,484 Farmland 65,831 4,299 — 6,540 — 76,670 Nonfarm nonresidential 111,725 23,161 1,339 9,674 — 145,899 Residential Real Estate: Multi-family 30,692 4,921 — 3,966 — 39,579 1-4 Family 165,313 18,736 68 20,192 — 204,309 Consumer 9,759 208 293 223 — 10,483 Agriculture 23,519 6,783 — 307 — 30,609 Other 473 — — — — 473 Total $ 508,470 $ 66,726 $ 1,700 $ 47,518 $ — $ 624,414 Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 2014 Commercial $ 49,440 $ 5,063 $ — $ 6,433 $ — $ 60,936 Commercial Real Estate: Construction 25,266 2,990 — 4,917 — 33,173 Farmland 61,672 7,922 — 7,825 — 77,419 Nonfarm nonresidential 111,426 21,017 3,747 39,262 — 175,452 Residential Real Estate: Multi-family 31,526 6,039 — 4,326 — 41,891 1-4 Family 145,450 23,928 131 27,769 — 197,278 Consumer 10,115 537 311 384 — 11,347 Agriculture 25,816 704 — 446 — 26,966 Other 415 — — 122 — 537 Total $ 461,126 $ 68,200 $ 4,189 $ 91,484 $ — $ 624,999 |