Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 – Loans Loans were as follows: September 30, December 31, 201 6 201 5 (in thousands) Commercial $ 85,000 $ 86,176 Commercial Real Estate: Construction 34,178 33,154 Farmland 83,320 76,412 Nonfarm nonresidential 138,351 140,570 Residential Real Estate: Multi-family 36,558 44,131 1-4 Family 192,008 201,478 Consumer 9,752 10,010 Agriculture 41,764 26,316 Other 766 419 Subtotal 621,697 618,666 Less: Allowance for loan losses (9,489 ) (12,041 ) Loans, net $ 612,208 $ 606,625 The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2016 and 2015: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30, 2016: Beginning balance $ 730 $ 5,429 $ 3,778 $ 47 $ 119 $ 1 $ 10,104 Negative provision (195 ) (436 ) (142 ) (26 ) 79 (30 ) (750 ) Loans charged off (15 ) (232 ) (131 ) (21 ) (5 ) (1 ) (405 ) Recoveries 102 354 27 23 1 33 540 Ending balance $ 622 $ 5,115 $ 3,532 $ 23 $ 194 $ 3 $ 9,489 September 30, 2015: Beginning balance $ 1,946 $ 9,213 $ 5,060 $ 226 $ 359 $ 5 $ 16,809 Negative provision for loan losses (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 The following table presents the activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2016 and 2015: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30, 2016: Beginning balance $ 818 $ 6,993 $ 3,984 $ 122 $ 122 $ 2 $ 12,041 Negative provision (89 ) (2,024 ) 458 (259 ) (1 ) 15 (1,900 ) Loans charged off (276 ) (477 ) (1,181 ) (56 ) (13 ) (79 ) (2,082 ) Recoveries 169 623 271 216 86 65 1,430 Ending balance $ 622 $ 5,115 $ 3,532 $ 23 $ 194 $ 3 $ 9,489 September 30, 2015: Beginning balance $ 2,046 $ 10,931 $ 5,787 $ 274 $ 319 $ 7 $ 19,364 Negative provision for loan losses (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 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, 2016: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) Allowance for loa n losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ – $ 41 $ 297 $ – $ 1 $ – $ 339 Collectively evaluated for impairment 622 5,074 3,235 23 193 3 9,150 Total ending allowance balance $ 622 $ 5,115 $ 3,532 $ 23 $ 194 $ 3 $ 9,489 Loans: Loans individually evaluated for impairment $ 571 $ 6,568 $ 8,940 $ 1 $ 134 $ – $ 16,214 Loans collectively evaluated for impairment 84,429 249,281 219,626 9,751 41,630 766 605,483 Total ending loans balance $ 85,000 $ 255,849 $ 228,566 $ 9,752 $ 41,764 $ 766 $ 621,697 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, 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 $ – $ 43 $ 385 $ – $ – $ – $ 428 Collectively evaluated for impairment 818 6,950 3,599 122 122 2 11,613 Total ending allowance balance $ 818 $ 6,993 $ 3,984 $ 122 $ 122 $ 2 $ 12,041 Loans: Loans individually evaluated for impairment $ 1,112 $ 12,819 $ 17,673 $ 20 $ 152 $ – $ 31,776 Loans collectively evaluated for impairment 85,064 237,317 227,936 9,990 26,164 419 586,890 Total ending loans balance $ 86,176 $ 250,136 $ 245,609 $ 10,010 $ 26,316 $ 419 $ 618,666 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, 2016 and December 31, 2015 and for the three and nine months ended September 30, 2016 and 2015: As of September 30, 201 6 Three Months Ended September 30, 201 6 Nine Months Ended September 30, 201 6 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 $ 784 $ 571 $ — $ 659 $ — $ 824 $ 1 Commercial real estate: Construction — — — 129 3 195 9 Farmland 6,040 4,216 — 4,404 79 4,299 87 Nonfarm nonresidential 4,669 1,354 — 4,023 2 5,569 308 Residential real estate: Multi-family 4,121 4,121 — 3,254 179 2,235 237 1-4 Family 4,185 3,086 — 3,523 14 6,159 85 Consumer 34 1 — 4 — 8 8 Agriculture 97 69 — 69 — 92 — Other — — — — — — — Subtotal 19,930 13,418 — 16,065 277 19,381 735 With An Allowance Recorded: Commercial — — — — — — — Commercial real estate: Construction — — — — — — — Farmland 614 595 6 600 — 300 — Nonfarm nonresidential 403 403 35 405 6 421 18 Residential real estate: Multi-family — — — 2,080 — 3,133 101 1-4 Family 2,179 1,733 297 1,656 20 1,671 74 Consumer — — — — — — — Agriculture 78 65 1 68 — 34 — Other — — — — — — — Subtotal 3,274 2,796 339 4,809 26 5,559 193 Total $ 23,204 $ 16,214 $ 339 $ 20,874 $ 303 $ 24,940 $ 928 As of December 31, 201 5 Three Months Ended September 30, 201 5 Nine Months Ended September 30, 201 5 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 $ 1,558 $ 1,112 $ — $ 1,439 $ — $ 1,630 $ 5 Commercial real estate: Construction 278 262 — 833 3 2,426 11 Farmland 6,004 4,263 — 4,305 34 4,555 60 Nonfarm nonresidential 11,256 7,829 — 13,347 65 18,133 202 Residential real estate: Multi-family 32 32 — 33 — 37 — 1-4 Family 14,066 11,756 — 13,163 96 14,040 340 Consumer 118 20 — 23 — 25 — Agriculture 260 152 — 191 — 219 — Other — — — — 1 61 5 Subtotal 33,572 25,426 — 33,334 199 41,126 623 With An Allowance Recorded: -*--------- Commercial — — — 4 — 16 — Commercial real estate: Construction — — — — — — — Farmland — — — — — 79 — Nonfarm nonresidential 574 465 43 2,708 6 5,622 18 Residential real estate: Multi-family 4,195 4,195 57 4,216 51 4,237 153 1-4 Family 1,690 1,690 328 1,691 29 1,709 68 Consumer — — — — — 10 — Agriculture — — — — — — — Other — — — — — — — Subtotal 6,459 6,350 428 8,619 86 11,673 239 Total $ 40,031 $ 31,776 $ 428 $ 41,953 $ 285 $ 52,799 $ 862 Cash basis income recognized for the three and nine months ended September 30, 2016 was $87,000 and $377,000, respectively, compared to $47,000 and $149,000 for the three and nine months ended September 30, 2015. 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, 2016 and December 31, 2015: TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) September 30, 2016 Commercial Rate reduction $ — $ 33 $ 33 Principal deferral — 439 439 Commercial Real Estate: Construction Rate reduction — — — Farmland Principal deferral — 2,300 2,300 Nonfarm nonresidential Rate reduction 610 — 610 Principal deferral — 607 607 Residential Real Estate: Multi-family Rate reduction 4,121 — 4,121 1-4 Family Rate reduction 1,383 — 1,383 Total TDRs $ 6,114 $ 3,379 $ 9,493 TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2015 Commercial Rate reduction $ — $ 68 $ 68 Principal deferral — 439 439 Commercial Real Estate: Construction Rate reduction 262 — 262 Farmland Principal deferral — 2,365 2,365 Nonfarm nonresidential Rate reduction 5,637 50 5,687 Principal deferral — 622 622 Residential Real Estate: Multi-family Rate reduction 4,195 — 4,195 1-4 Family Rate reduction 7,346 — 7,346 Total TDRs $ 17,440 $ 3,544 $ 20,984 At September 30, 2016 and December 31, 2015, 64% and 83%, respectively, of the Company’s TDRs were performing according to their modified terms. The Company allocated $238,000 and $179,000 in reserves to borrowers whose loan terms have been modified in TDRs as of September 30, 2016, and December 31, 2015, respectively. The Company has committed to lend no additional amounts as of September 30, 2016 and December 31, 2015 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 subsequent to 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. As of September 30, 2016, the TDR classification was removed from one loan that met the requirements as discussed above. This loan totaled $5.0 million at December 31, 2015. This loan is no longer evaluated individually for impairment. No TDR loan modifications occurred during the three or nine months ended September 30, 2016 or September 30, 2015. During the first nine months of 2016 and 2015, 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, 2016, and December 31, 2015: Nonaccrual Loans Past Due 90 Days And Over Still Accruing September 30, 201 6 December 31, 201 5 September 30, 201 6 December 31, 201 5 (in thousands) Commercial $ 571 $ 1,112 $ — $ — Commercial Real Estate: Construction — — — — Farmland 4,811 4,263 — — Nonfarm nonresidential 1,147 2,657 — — Residential Real Estate: Multi-family — 32 — — 1-4 Family 3,435 5,851 — — Consumer 1 20 — — Agriculture 134 152 — — Other — — — — Total $ 10,099 $ 14,087 $ — $ — The following table presents the aging of the recorded investment in past due loans as of September 30, 2016 and December 31, 2015: 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, 2016 Commercial $ — $ — $ — $ 571 $ 571 Commercial Real Estate: Construction — — — — — Farmland 156 — — 4,811 4,967 Nonfarm nonresidential — — — 1,147 1,147 Residential Real Estate: Multi-family — — — — — 1-4 Family 2,087 270 — 3,435 5,792 Consumer 65 3 — 1 69 Agriculture 27 — — 134 161 Other — — — — — Total $ 2,335 $ 273 $ — $ 10,099 $ 12,707 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, 2015 Commercial $ 78 $ — $ — $ 1,112 $ 1,190 Commercial Real Estate: Construction — — — — — Farmland 456 — — 4,263 4,719 Nonfarm nonresidential 326 — — 2,657 2,983 Residential Real Estate: Multi-family — — — 32 32 1-4 Family 2,225 241 — 5,851 8,317 Consumer 41 — — 20 61 Agriculture 7 — — 152 159 Other — — — — — Total $ 3,133 $ 241 $ — $ 14,087 $ 17,461 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 regularly 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, 2016, and December 31, 2015, 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, 2016 Commercial $ 83,466 $ 525 $ — $ 1,009 $ — $ 85,000 Commercial Real Estate: Construction 28,881 5,211 — 86 — 34,178 Farmland 73,324 2,717 — 7,279 — 83,320 Nonfarm nonresidential 124,094 11,707 533 2,017 — 138,351 Residential Real Estate: Multi-family 28,218 4,485 — 3,855 — 36,558 1-4 Family 170,439 12,941 70 8,558 — 192,008 Consumer 9,274 399 — 79 — 9,752 Agriculture 32,613 8,064 — 1,087 — 41,764 Other 766 — — — — 766 Total $ 551,075 $ 46,049 $ 603 $ 23,970 $ — $ 621,697 Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 2015 Commercial $ 81,570 $ 2,953 $ — $ 1,653 $ — $ 86,176 Commercial Real Estate: Construction 27,603 5,289 — 262 — 33,154 Farmland 65,476 4,844 — 6,092 — 76,412 Nonfarm nonresidential 111,901 22,687 1,328 4,654 — 140,570 Residential Real Estate: Multi-family 35,300 4,879 — 3,952 — 44,131 1-4 Family 164,490 17,636 67 19,285 — 201,478 Consumer 9,323 474 — 213 — 10,010 Agriculture 21,402 4,601 — 313 — 26,316 Other 419 — — — — 419 Total $ 517,484 $ 63,363 $ 1,395 $ 36,424 $ — $ 618,666 |