Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Feb. 28, 2017 | Jun. 30, 2016 | |
Document Information [Line Items] | |||
Entity Registrant Name | PORTER BANCORP, INC. | ||
Entity Central Index Key | 1,358,356 | ||
Trading Symbol | pbib | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Public Float | $ 16,097,309 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Nonvoting Common Stock [Member] | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding (in shares) | 1,591,600 | ||
Common Stock [Member] | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding (in shares) | 4,632,933 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Assets | ||
Cash and due from banks | $ 9,449,000 | $ 8,006,000 |
Interest bearing deposits in banks | 56,867,000 | 85,329,000 |
Cash and cash equivalents | 66,316,000 | 93,335,000 |
Securities available for sale | 152,790,000 | 144,978,000 |
Securities held to maturity (fair value of $43,072 and $44,253, respectively) | 41,818,000 | 42,075,000 |
Loans held for sale | 186,000 | |
Loans, net of allowance of $8,967 and $12,041, respectively | 630,269,000 | 606,625,000 |
Premises and equipment | 17,848,000 | 18,812,000 |
Other real estate owned | 6,821,000 | 19,214,000 |
Federal Home Loan Bank stock | 7,323,000 | 7,323,000 |
Bank owned life insurance | 14,838,000 | 9,441,000 |
Accrued interest receivable and other assets | 7,154,000 | 6,733,000 |
Total assets | 945,177,000 | 948,722,000 |
Liabilities and Stockholders’ Equity | ||
Non-interest bearing | 124,395,000 | 120,043,000 |
Interest bearing | 725,530,000 | 757,954,000 |
Total deposits | 849,925,000 | 877,997,000 |
Federal Home Loan Bank advances | 22,458,000 | 3,081,000 |
Accrued interest payable and other liabilities | 15,911,000 | 10,577,000 |
Subordinated capital note | 3,150,000 | 4,050,000 |
Junior subordinated debentures | 21,000,000 | 21,000,000 |
Total liabilities | 912,444,000 | 916,705,000 |
Commitments and contingent liabilities (Note 16) | ||
Stockholders’ equity | ||
Preferred stock | 2,771,000 | 2,771,000 |
Common stock, no par, 17,200,000 shares authorized, 4,632,933 and 4,017,907 voting, and 1,591,600 and 1,371,600 non-voting shares issued and outstanding, respectively | 125,729,000 | 120,699,000 |
Additional paid-in capital | 24,097,000 | 23,654,000 |
Retained deficit | (113,561,000) | (110,808,000) |
Accumulated other comprehensive loss | (6,303,000) | (4,299,000) |
Total common stockholders’ equity | 29,962,000 | 29,246,000 |
Total stockholders' equity | 32,733,000 | 32,017,000 |
Total liabilities and stockholders’ equity | 945,177,000 | 948,722,000 |
Series E Preferred Stock [Member] | ||
Stockholders’ equity | ||
Preferred stock | 1,644,000 | 1,644,000 |
Series F Preferred Stock [Member] | ||
Stockholders’ equity | ||
Preferred stock | $ 1,127,000 | $ 1,127,000 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Securities held to maturity, fair value | $ 43,072 | $ 44,253 |
Loans, allowance | $ 8,967 | $ 12,041 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 17,200,000 | 17,200,000 |
Series E Preferred Stock [Member] | ||
Preferred stock, issued (in shares) | 6,198 | 6,198 |
Preferred stock, outstanding (in shares) | 6,198 | 6,198 |
Preferred stock, liquidation preference | $ 6,200 | $ 6,200 |
Preferred stock, no par (in dollars per share) | $ 0 | $ 0 |
Series F Preferred Stock [Member] | ||
Preferred stock, issued (in shares) | 4,304 | 4,304 |
Preferred stock, outstanding (in shares) | 4,304 | 4,304 |
Preferred stock, liquidation preference | $ 4,300 | $ 4,300 |
Preferred stock, no par (in dollars per share) | $ 0 | $ 0 |
Voting Common Stock [Member] | ||
Common stock, shares issued (in shares) | 4,632,933 | 4,017,907 |
Common stock, shares outstanding (in shares) | 4,632,933 | 4,017,907 |
Nonvoting Common Stock [Member] | ||
Common stock, shares issued (in shares) | 1,591,600 | 1,371,600 |
Common stock, shares outstanding (in shares) | 1,591,600 | 1,371,600 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Interest income | |||
Loans, including fees | $ 30,537,000 | $ 31,251,000 | $ 33,090,000 |
Taxable securities | 3,886,000 | 4,076,000 | 4,945,000 |
Tax exempt securities | 620,000 | 764,000 | 936,000 |
Federal funds sold and other | 559,000 | 483,000 | 542,000 |
35,602,000 | 36,574,000 | 39,513,000 | |
Interest expense | |||
Deposits | 5,093,000 | 6,160,000 | 8,867,000 |
Federal Home Loan Bank advances | 70,000 | 95,000 | 124,000 |
Junior subordinated debentures | 671,000 | 606,000 | 612,000 |
Subordinated capital note | 147,000 | 161,000 | 189,000 |
Federal funds purchased and other | 1,000 | 3,000 | |
5,981,000 | 7,023,000 | 9,795,000 | |
Net interest income | 29,621,000 | 29,551,000 | 29,718,000 |
Provision (negative provision) for loan losses | (2,450,000) | (4,500,000) | 7,100,000 |
Net interest income after provision for loan losses | 32,071,000 | 34,051,000 | 22,618,000 |
Non-interest income | |||
Service charges on deposit accounts | 1,958,000 | 1,851,000 | 1,988,000 |
Bank card interchange fees | 849,000 | 839,000 | 765,000 |
Income from bank owned life insurance | 417,000 | 295,000 | 276,000 |
Other real estate owned rental income | 456,000 | 1,346,000 | 256,000 |
Net gain on sales of securities | 216,000 | 1,766,000 | 92,000 |
Gain on extinguishment of junior subordinated debt | 883,000 | ||
Other | 868,000 | 715,000 | 702,000 |
4,764,000 | 7,695,000 | 4,079,000 | |
Non-interest expense | |||
Salaries and employee benefits | 15,508,000 | 15,857,000 | 15,658,000 |
Occupancy and equipment | 3,517,000 | 3,449,000 | 3,497,000 |
Litigation and loan collection expense | 8,805,000 | 1,141,000 | 2,994,000 |
Other real estate owned expense | 1,541,000 | 12,302,000 | 5,839,000 |
FDIC insurance | 1,660,000 | 2,212,000 | 2,272,000 |
State franchise and deposit tax | 965,000 | 1,120,000 | 1,445,000 |
Professional fees | 1,568,000 | 2,885,000 | 1,665,000 |
Communications | 706,000 | 663,000 | 752,000 |
Insurance expense | 565,000 | 589,000 | 575,000 |
Postage and delivery | 359,000 | 400,000 | 407,000 |
Data processing expense | 1,185,000 | 1,128,000 | 1,106,000 |
Advertising | 973,000 | 560,000 | 563,000 |
Other | 2,215,000 | 2,653,000 | 2,662,000 |
39,567,000 | 44,959,000 | 39,435,000 | |
Loss before income taxes | (2,732,000) | (3,213,000) | (12,738,000) |
Income tax expense (benefit) | 21,000 | (1,583,000) | |
Net loss | (2,753,000) | (3,213,000) | (11,155,000) |
Dividends and accretion on preferred stock | 2,362,000 | ||
Effect of exchange of preferred stock for common stock | (36,104,000) | ||
Earnings (loss) allocated to participating securities | (88,000) | (336,000) | 3,159,000 |
Net income (loss) attributable to common shareholders | $ (2,665,000) | $ (2,877,000) | $ 19,428,000 |
Basic and diluted income (loss) per common share (in dollars per share) | $ (0.46) | $ (0.62) | $ 7.94 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Net loss | $ (2,753) | $ (3,213) | $ (11,155) |
Other comprehensive income (loss): | |||
Unrealized gain (loss) arising during the period | (1,917) | (490) | 4,615 |
Amortization during the period of net unrealized loss transferred to held to maturity | 129 | 129 | 181 |
Reclassification of adjustment for gains included in net income | (216) | (1,766) | (92) |
Net unrealized gain/(loss) recognized in comprehensive income | (2,004) | (2,127) | 4,704 |
Tax effect | (1,583) | ||
Other comprehensive income (loss) | (2,004) | (2,127) | 3,121 |
Comprehensive income (loss) | $ (4,757) | $ (5,340) | $ (8,034) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Preferred Stock [Member]Series A Preferred Stock [Member] | Preferred Stock [Member]Series B Preferred Stock [Member] | Preferred Stock [Member]Series C Preferred Stock [Member] | Preferred Stock [Member]Series D Preferred Stock [Member] | Preferred Stock [Member]Series E Preferred Stock [Member] | Preferred Stock [Member]Series F Preferred Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances (in shares) at Dec. 31, 2013 | 2,568,200 | 35,000 | 317,042 | ||||||||
Balances at Dec. 31, 2013 | $ 112,236 | $ 35,000 | $ 3,283 | $ 20,887 | $ (130,182) | $ (5,293) | $ 35,931 | ||||
Issuance of unvested stock (in shares) | 57,778 | ||||||||||
Forfeited unvested stock (in shares) | (12,161) | ||||||||||
Stock-based compensation expense | 555 | 555 | |||||||||
Net loss | (11,155) | (11,155) | |||||||||
Net change in accumulated other comprehensive income, net of taxes | 3,121 | 3,121 | |||||||||
Stock Issued During Period Shares Exchanged Preferred Stock for Common Stock | 364,286 | (35,000) | 40,536 | (317,042) | 64,580 | 6,198 | 4,304 | ||||
Effect of exchange of preferred stock for common stock | $ 1,002 | $ (35,000) | $ 2,229 | $ (3,283) | $ 3,552 | $ 1,644 | $ 1,127 | 36,104 | 7,375 | ||
Dividends on Series A preferred stock | (2,362) | (2,362) | |||||||||
Balances (in shares) at Dec. 31, 2014 | 2,978,103 | 40,536 | 64,580 | 6,198 | 4,304 | ||||||
Balances at Dec. 31, 2014 | $ 113,238 | $ 2,229 | $ 3,552 | $ 1,644 | $ 1,127 | 21,442 | (107,595) | (2,172) | 33,465 | ||
Issuance of unvested stock (in shares) | 183,148 | ||||||||||
Forfeited unvested stock (in shares) | (6,368) | ||||||||||
Stock-based compensation expense | 445 | 445 | |||||||||
Net loss | (3,213) | (3,213) | |||||||||
Net change in accumulated other comprehensive income, net of taxes | (2,127) | (2,127) | |||||||||
Stock Issued During Period Shares Exchanged Preferred Stock for Common Stock | 2,102,320 | (40,536) | (64,580) | ||||||||
Effect of exchange of preferred stock for common stock | $ 5,781 | $ (2,229) | $ (3,552) | ||||||||
Balances (in shares) at Dec. 31, 2015 | 5,389,507 | 6,198 | 4,304 | ||||||||
Balances at Dec. 31, 2015 | $ 120,699 | $ 1,644 | $ 1,127 | 23,654 | (110,808) | (4,299) | 32,017 | ||||
Terminated stock (in shares) | (107,696) | ||||||||||
Debt to equity exchange (in shares) | 240,000 | ||||||||||
Debt to equity exchange | $ 1,680 | 1,767 | 3,447 | ||||||||
Issuance of unvested stock (in shares) | 35,465 | ||||||||||
Forfeited unvested stock (in shares) | (1,972) | ||||||||||
Stock-based compensation expense | 443 | 443 | |||||||||
Net loss | (2,753) | (2,753) | |||||||||
Net change in accumulated other comprehensive income, net of taxes | (2,004) | (2,004) | |||||||||
Balances (in shares) at Dec. 31, 2016 | 6,224,533 | 6,198 | 4,304 | ||||||||
Balances at Dec. 31, 2016 | $ 125,729 | $ 1,644 | $ 1,127 | $ 24,097 | $ (113,561) | $ (6,303) | 32,733 | ||||
Reverse stock split roundup shares (in shares) | 1,533 | ||||||||||
Issuance of stock (in shares) | 800,000 | ||||||||||
Issuance of stock | $ 5,030 | $ 5,030 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Cash flows from operating activities | |||
Net loss | $ (2,753,000) | $ (3,213,000) | $ (11,155,000) |
Adjustments to reconcile net loss to net cash from operating activities | |||
Depreciation and amortization | 1,725,000 | 1,711,000 | 1,738,000 |
Provision (negative provision) for loan losses | (2,450,000) | (4,500,000) | 7,100,000 |
Net amortization on securities | 1,297,000 | 1,434,000 | 1,614,000 |
Stock-based compensation expense | 443,000 | 445,000 | 555,000 |
Gain on extinguishment of junior subordinated debt | (883,000) | ||
Tax benefit from OCI components | (1,583,000) | ||
Net gain on sales of loans held for sale | (86,000) | 204,000 | (53,000) |
Loans originated for sale | (5,145,000) | (6,652,000) | (2,528,000) |
Proceeds from sales of loans held for sale | (5,417,000) | (6,548,000) | (2,730,000) |
Net (gain) loss on sales of other real estate owned | (222,000) | 74,000 | (306,000) |
Net write-down of other real estate owned | 1,180,000 | 9,855,000 | 4,255,000 |
Net realized gain on sales and calls of investment securities | (216,000) | (1,766,000) | (92,000) |
Earnings on bank owned life insurance, net of premium expense | (397,000) | (274,000) | (256,000) |
Net change in accrued interest receivable and other assets | (814,000) | 810,000 | (1,574,000) |
Net change in accrued interest payable and other liabilities | 8,133,000 | 267,000 | 980,000 |
Net cash from operating activities | 6,112,000 | 4,060,000 | 1,425,000 |
Cash flows from investing activities | |||
Purchases of available for sale securities | (41,827,000) | (21,828,000) | (45,803,000) |
Sales and calls of available for sale securities | 8,311,000 | 45,012,000 | 6,251,000 |
Maturities and prepayments of available for sale securities | 22,876,000 | 21,084,000 | 15,573,000 |
Calls of held to maturity securities | 1,000,000 | ||
Proceeds from mandatory redemption of Federal Home Loan Bank stock | 2,749,000 | ||
Proceeds from sales of loans not originated for sale | 8,640,000 | ||
Proceeds from sale of other real estate owned | 12,438,000 | 22,567,000 | 13,084,000 |
Loan originations and payments, net | (22,368,000) | (2,239,000) | 26,923,000 |
Purchases of premises and equipment, net | (197,000) | (385,000) | (523,000) |
Purchase of bank owned life insurance | (5,000,000) | ||
Net cash from investing activities | (25,767,000) | 72,851,000 | 19,254,000 |
Cash flows from financing activities | |||
Net change in deposits | (28,072,000) | (48,844,000) | (60,864,000) |
Net change in repurchase agreements | (1,341,000) | (1,129,000) | |
Repayment of Federal Home Loan Bank advances | (623,000) | (17,671,000) | (23,765,000) |
Advances from Federal Home Loan Bank | 20,000,000 | 5,000,000 | 35,025,000 |
Repayment of subordinated capital note | (900,000) | (900,000) | (900,000) |
Issuance of common stock | 2,231,000 | ||
Net cash from financing activities | (7,364,000) | (63,756,000) | (51,633,000) |
Net change in cash and cash equivalents | (27,019,000) | 13,155,000 | (30,954,000) |
Beginning cash and cash equivalents | 93,335,000 | 80,180,000 | 111,134,000 |
Ending cash and cash equivalents | 66,316,000 | 93,335,000 | 80,180,000 |
Supplemental cash flow information: | |||
Interest paid | 5,253,000 | 7,076,000 | 9,475,000 |
Income taxes paid (refunded) | 21,000 | ||
Supplemental non-cash disclosure: | |||
Proceeds from common stock issuance directed by investors to pay junior subordinated debt interest | 2,799,000 | ||
Transfer from loans to other real estate | 1,273,000 | 5,513,000 | 32,338,000 |
Financed sales of other real estate owned | 270,000 | ||
Transfer of loans to loans held for sale at fair value | 8,926,000 | ||
Effect of accrued and unpaid dividends on preferred stock redemption | 7,375,000 | ||
Effect of junior subordinated debt to equity exchange | $ 4,330,000 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 1 Nature of Operations and Principles of Consolidation 100% The Company provides financial services through its offices in Central and South Central Kentucky, Lexington and Louisville. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, agricultural, and real estate loans. Substantially all loans are collateralized by specific items of collateral including business assets, commercial real estate, and residential real estate. Commercial loans are expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one Use of Estimates Cash and Cash Equivalents one Interest Bearing Deposits in Banks one December 31, 2016, $9.8 third 22 Securities Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method anticipating prepayments on mortgage backed securities. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into 1) 2) Loans Held for Sale secondary Mortgage loans held for sale are generally sold with servicing rights released. If sold with servicing retained, the carrying value of mortgage loans sold is reduced by the amount allocated to the servicing right. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold. Mortgage banking derivatives used in the ordinary course of business consist of mandatory forward sales contracts and rate lock loan commitments. Forward contracts represent future commitments to deliver loans at a specified price and date and are used to manage interest rate risk on loan commitments and mortgage loans held for sale. Rate lock commitments represent commitments to fund loans at a specific rate. These derivatives involve underlying items, such as interest rates, and are designed to transfer risk. Substantially all of these instruments expire within 60 Loans Interest income recognition on mortgage and commercial loans is discontinued at the time the loan is 90 90 All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Loan Losses may The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. A loan is deemed impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and treated as impaired. Factors considered in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, are collectively evaluated for impairment and are not separately identified for impairment disclosures. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported at the fair value of the collateral. For troubled debt restructurings that subsequently default, we determine the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on our actual loss history experienced over the most recent three A portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for loan losses. We identified the following portfolio segments: commercial, commercial real estate, residential real estate, consumer, agricultural, and other. ● Commercial loans are made to businesses and depend on the strength of the industries, related borrowers, and cash flow from the businesses. Commercial loans are advances for equipment purchases, or to provide working capital, or to meet other financing needs of business enterprises. These loans may ● Commercial real estate loans are affected by the local commercial real estate market and the local economy. Commercial real estate loans include loans on commercial properties occupied by borrowers and/or tenants. ● Residential real estate loans are affected by the local residential real estate market, local economy, and, for variable rate mortgages, movement in indices tied to these loans. For owner occupied residential loans, the borrowers’ repayment ability is evaluated through a review of credit scores and debt to income ratios. For non-owner occupied residential loans, such as rental real estate, financial information is obtained from the borrowers and/or the individual project to evaluate cash flows sufficiency to service the debt. Appraisals are obtained to support the loan amount. ● Consumer loans depend on local economies. Consumer loans are generally secured by consumer assets, but may ● Agriculture loans depend on the industries tied to these loans and are generally secured by livestock, crops, and/or equipment, but may ● Other loans include loans to municipalities, loans secured by stock, and overdrafts. For municipal loans, we evaluate the borrowers’ revenue streams as well as ability to repay form general funds. For loans secured by stock, we evaluate the market value of the stock securing the loan in relation to the loan amount. Overdrafts are funded based on pre-established criteria related to the deposit account relationship. We analyze key relevant risk characteristics for each portfolio segment and have determined that loans in each segment possess similar general risk characteristics that are analyzed in connection with our loan underwriting processes and procedures. In determining the allocated allowance, we utilize weighted average loss rates over the most recent three tenant Transfers of Financial Assets Other Real Estate Owned Premises and Equipment 5 50 2 10 Federal Home Loan Bank (FHLB) Stock may Intangible Assets 7 10 Bank Owned Life Insurance Long-Term Assets may Benefit Plans 401(k) Stock-Based Compensation Income Taxes A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% Loan Commitments and Related Financial Instruments Comprehensive Loss Preferred Shares – December 2014, Shares, and warrants to purchase 159,783 $45.7 $9.6 The effect of this exchange transaction was to increase common stockholders’ equity by approximately $36.1 $7.4 In the exchange transaction, we issued 364,286 40,536 64,580 810,720 1,291,600 February 25, 2015. 6,198 4,304 $1,000 2% Earnings (Loss) Per Common Share Earnings (Loss) Allocated to Participating Securities – 9.9% February 25, 2015. We also have issued and outstanding unvested common shares to employees and directors through our stock incentive plan. Earnings (loss) are allocated to these participating securities based on their percentage of total issued and outstanding shares. Loss Contingencies 22 Dividend Restriction may 15 Fair Value of Financial Instruments 17 D erivative I nstruments – As part of the asset/liability management program, the Company will utilize, from time to time, risk participation agreements to reduce its sensitivity to interest rate fluctuations. These are derivative instruments, which are recorded as assets or liabilities in the consolidated balance sheets at fair value. Changes in the fair values of derivatives are reported in the consolidated statements of operations or other comprehensive income (“OCI”) depending on the use of the derivative and whether the instrument qualifies for hedge accounting. The key criterion for the hedge accounting is that the hedged relationship must be highly effective in achieving offsetting changes in those cash flows that are attributable to the hedged risk, both at inception of the hedge and on an ongoing basis. Derivatives that qualify for the hedge accounting treatment are designated as either: a hedge of the fair value of the recognized asset or liability or of an unrecognized firm commitment (a fair value hedge) or a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (a cash flow hedge). To date, the Company has not entered into a cash flow hedge. For cash flow hedges, changes in the fair values of the derivative instruments are reported in OCI to the extent the hedge is effective. The gains and losses on derivative instruments that are reported in OCI are reflected in the consolidated statements of income in the periods in which the results of operations are impacted by the variability of the cash flows of the hedged item. Generally, net interest income is increased or decreased by amounts receivable or payable with respect to the derivatives, which qualify for hedge accounting. At inception of the hedge, a Company must establish the method it uses for assessing the effectiveness of the hedging derivative and the measurement approach for determining the ineffective aspect of the hedge. The ineffective portion of the hedge, if any, is recognized currently in the consolidated statements of operations and time value expiration of the hedge when measuring ineffectiveness is excluded. The risk participation agreements are not designated against specific assets or liabilities under ASC 815, 820), Adoption of New Accounting Standards – August 2014, 2014 15, 205 40): December 15, 2016, December 15, 2016. December 15, 2016. In August 2015, 2015 14, 606). 2014 09, 2014 09. December 15, 2017. Based on types of products we offer, adoption of this new guidance is not expected to have a material impact on the consolidated financial statements. In January 2016, 2016 01, 825 10): 1) 2) 3) 4) 5) 6) 7) December 15, 2017. In February 2016, 2016 02, 842). Under the new guidance, lessees will be required to recognize the following for all leases, with the exception of short-term leases, at the commencement date: a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting in largely unchanged. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2018. In March 2016, 2016 05, 815): December 15, 2016, In March 2016, 2016 06, 815): 815, January 1, 2017 In March 2016, 2016 09, 718): The amendments in this update became effective for annual periods and interim periods within those annual periods beginning after December 15, 2016, In June 2016, 2016 13, 326): December 15, 2019. In August 2016, 2016 15, 230). eight November 2016, 2016 18, December 31, 2016, |
Note 2 - Securities
Note 2 - Securities | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 2 The fair value of available for sale and held to maturity securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) December 31, 201 6 Available for sale U.S. Government and federal agency $ 34,757 $ 50 $ (708 ) $ 34,099 Agency mortgage-backed: residential 103,390 455 (1,492 ) 102,353 Collateralized loan obligations 11,203 — — 11,203 State and municipal 2,028 25 (8 ) 2,045 Corporate bonds 3,069 24 (3 ) 3,090 Total available for sale $ 154,447 $ 554 $ (2,211 ) $ 152,790 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held to maturity State and municipal $ 41,818 $ 1,272 $ (18 ) $ 43,072 Total held to maturity $ 41,818 $ 1,272 $ (18 ) $ 43,072 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) December 31, 201 5 Available for sale U.S. Government and federal agency $ 33,491 $ 146 $ (375 ) $ 33,262 Agency mortgage-backed: residential 102,135 907 (380 ) 102,662 State and municipal 6,555 306 — 6,861 Corporate bonds 2,321 — (128 ) 2,193 Total available for sale $ 144,502 $ 1,359 $ (883 ) $ 144,978 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held to maturity State and municipal $ 42,075 $ 2,178 $ — $ 44,253 Total held to maturity $ 42,075 $ 2,178 $ — $ 44,253 Sales and calls of available for sale securities were as follows: 201 6 2015 2014 (in thousands) Proceeds $ 8,311 $ 45,012 $ 6,251 Gross gains 245 1,902 132 Gross losses 29 136 — The tax provision related to these net gains and losses realized on sales were $76,000, $618,000, $46,000, The amortized cost and fair value of our debt securities are shown by contractual maturity. Expected maturities may December 31, 201 6 Amortized Cost Fair Value (in thousands) Maturity Available for sale Within one year $ 4,894 $ 4,917 One to five years 7,043 7,049 Five to ten years 29,962 29,313 Beyond ten years 9,158 9,158 Agency mortgage-backed: residential 103,390 102,353 Total $ 154,447 $ 152,790 Held to maturity Within one year $ 646 648 One to five years 22,898 $ 23,497 Five to ten years 17,228 17,822 Beyond ten years 1,046 1,105 Total $ 41,818 $ 43,072 Securities pledged at year-end 2016 2015 $61.2 $68.0 At December 31, 2016 2015, $16.4 $17.7 December 31, 2016 2015, $4.3 2016 2015, no one 10% Securities with unrealized losses at year-end 2016 2015, Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (in thousands) 201 6 Available for sale U.S. Government and federal agency $ 27,738 $ (708 ) $ — $ — $ 27,738 $ (708 ) Agency mortgage-backed: residential 63,460 (1,449 ) 2,745 (43 ) 66,205 (1,492 ) State and municipal 465 (8 ) — — 465 (8 ) Corporate bonds — — 1,566 (3 ) 1,566 (3 ) Total temporarily impaired $ 91,663 $ (2,165 ) $ 4,311 $ (46 ) $ 95,974 $ (2,211 ) Held to maturity State and municipal 1,540 (18 ) — — 1,540 (18 ) Total $ 1,540 $ (18 ) $ — $ — $ 1,540 $ (18 ) Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (in thousands) 201 5 Available for sale U.S. Government and federal agency $ 7,058 $ (44 ) $ 14,527 $ (331 ) $ 21,585 $ (375 ) Agency mortgage-backed: residential 36,325 (271 ) 3,856 (109 ) 40,181 (380 ) Corporate bonds 747 (18 ) 1,446 (110 ) 2,193 (128 ) Total temporarily impaired $ 44,130 $ (333 ) $ 19,829 $ (550 ) $ 63,959 $ (883 ) There were no December 31, 2015. The Company evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, underlying credit quality of the issuer, and the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer’s financial condition, the Company may December 31, 2016, may |
Note 3 - Loans
Note 3 - Loans | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 3 Loans at year-end by class were as follows: 201 6 201 5 (in thousands) Commercial $ 97,761 $ 86,176 Commercial Real Estate: Construction 36,330 33,154 Farmland 71,507 76,412 Nonfarm nonresidential 149,546 140,570 Residential Real Estate: Multi-family 48,197 44,131 1-4 Family 188,092 201,478 Consumer 9,818 10,010 Agriculture 37,508 26,316 Other 477 419 Subtotal 639,236 618,666 Less: Allowance for loan losses (8,967 ) (12,041 ) Loans, net $ 630,269 $ 606,625 The following table presents the activity in the allowance for loan losses by portfolio segment for the year ended December 31, 2016, 2015, 2014: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) December 31, 2016: Beginning balance $ 818 $ 6,993 $ 3,984 $ 122 $ 122 $ 2 $ 12,041 Provision (negative provision) (401 ) (2,438 ) 749 (314 ) (56 ) 10 (2,450 ) Loans charged off (276 ) (505 ) (1,652 ) (99 ) (18 ) (79 ) (2,629 ) Recoveries 334 844 345 299 114 69 2,005 Ending balance $ 475 $ 4,894 $ 3,426 $ 8 $ 162 $ 2 $ 8,967 Dec ember 3 1 , 201 5 : Beginning balance $ 2,046 $ 10,931 $ 5,787 $ 274 $ 319 $ 7 $ 19,364 Provision (negative provision) (1,255 ) (2,713 ) (316 ) (115 ) (87 ) (14 ) (4,500 ) Loans charged off (696 ) (2,879 ) (2,171 ) (221 ) (118 ) (47 ) (6,132 ) Recoveries 723 1,654 684 184 8 56 3,309 Ending balance $ 818 $ 6,993 $ 3,984 $ 122 $ 122 $ 2 $ 12,041 Dec ember 3 1 , 201 4 : Beginning balance $ 3,221 $ 16,414 $ 7,762 $ 416 $ 305 $ 6 $ 28,124 Provision (negative provision) (690 ) 6,395 1,364 25 31 (25 ) 7,100 Loans charged off (1,099 ) (13,846 ) (4,097 ) (335 ) (30 ) (19 ) (19,426 ) Recoveries 614 1,968 758 168 13 45 3,566 Ending balance $ 2,046 $ 10,931 $ 5,787 $ 274 $ 319 $ 7 $ 19,364 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, 2016: 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 $ 13 $ 35 $ 350 $ – $ 1 $ – $ 399 Collectively evaluated for impairment 462 4,859 3,076 8 161 2 8,568 Total ending allowance balance $ 475 $ 4,894 $ 3,426 $ 8 $ 162 $ 2 $ 8,967 Loans: Loans individually evaluated for impairment $ 595 $ 5,854 $ 8,621 $ 1 $ 60 $ – $ 15,131 Loans collectively evaluated for impairment 97,166 251,529 227,668 9,817 37,448 477 624,105 Total ending loans balance $ 97,761 $ 257,383 $ 236,289 $ 9,818 $ 37,508 $ 477 $ 639,236 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 Im paired 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 had been provided. The following table presents information related to loans individually evaluated for impairment by class of loan as of and for the year ended December 31, 2016: Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 707 $ 495 $ — $ 758 $ 39 $ 39 Commercial real estate: Construction — — — 156 9 — Farmland 5,566 3,742 — 4,188 94 95 Nonfarm nonresidential 4,502 1,219 — 4,699 310 189 Residential real estate: Multi-family 4,100 4,100 — 2,608 287 1 1-4 Family 4,663 2,910 — 5,509 162 94 Consumer 41 1 — 7 8 8 Agriculture — — — 73 28 28 Other — — — — — — Subtotal 19,579 12,467 — 17,998 937 454 With An Allowance Recorded: Commercial 100 100 13 20 6 — Commercial real estate: Construction — — — — — — Farmland 614 590 5 358 — — Nonfarm nonresidential 303 303 30 398 23 — Residential real estate: Multi-family — — — 2,506 101 — 1-4 Family 1,676 1,611 350 1,659 111 — Consumer — — — — — — Agriculture 78 60 1 39 — — Other — — — — — — Subtotal 2,771 2,664 399 4,980 241 — Total $ 22,350 $ 15,131 $ 399 $ 22,978 $ 1,178 $ 454 The following table presents information related to loans individually evaluated for impairment by class of loan as of and for the year ended December 31, 2015: Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 1,558 $ 1,112 $ — $ 1,526 $ 5 $ 5 Commercial real estate: Construction 278 262 — 1,993 14 1 Farmland 6,004 4,263 — 4,497 114 114 Nonfarm nonresidential 11,256 7,829 — 16,073 263 9 Residential real estate: Multi-family 32 32 — 35 — — 1-4 Family 14,066 11,756 — 13,584 456 99 Consumer 118 20 — 23 — — Agriculture 260 152 — 206 — — Other — — — 49 5 5 Subtotal 33,572 25,426 — 37,986 857 233 With An Allowance Recorded: Commercial — — — 13 — — Commercial real estate: Construction — — — — — — Farmland — — — 63 — — Nonfarm nonresidential 574 465 43 4,591 25 — Residential real estate: Multi-family 4,195 4,195 57 4,229 204 — 1-4 Family 1,690 1,690 328 1,705 89 — Consumer — — — 8 — — Agriculture — — — — — — Other — — — — — — Subtotal 6,459 6,350 428 10,609 318 — Total $ 40,031 $ 31,776 $ 428 $ 48,595 $ 1,175 $ 233 The following table presents information related to loans individually evaluated for impairment by class of loan as of and for the year ended December 31, 2014: Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 2,546 $ 1,978 $ — $ 2,256 $ 64 $ 55 Commercial real estate: Construction 4,714 4,100 — 5,446 12 — Farmland 6,636 4,739 — 6,150 75 75 Nonfarm nonresidential 34,437 22,418 — 39,852 693 128 Residential real estate: Multi-family 81 81 — 1,664 — — 1-4 Family 18,496 15,266 — 22,670 676 226 Consumer 93 29 — 14 — — Agriculture 276 263 — 277 3 3 Other 367 122 — 255 16 13 Subtotal 67,646 48,996 — 78,584 1,539 500 With An Allowance Recorded: Commercial 145 44 33 961 23 — Commercial real estate: Construction — — — 589 16 — Farmland 658 315 38 112 — — Nonfarm nonresidential 19,454 16,569 453 13,933 360 — Residential real estate: Multi-family 4,266 4,266 91 4,426 180 — 1-4 Family 1,791 1,771 136 1,840 78 — Consumer 32 32 1 49 3 — Agriculture — — — — — — Other — — — — — — Subtotal 26,346 22,997 752 21,910 660 — Total $ 93,992 $ 71,993 $ 752 $ 100,494 $ 2,199 $ 500 Troubled Debt Restructuring A troubled debt restructuring (TDR) occurs when the Bank has agreed to a loan modification in the form of a concession for a borrower who is experiencing financial difficulty. The majority of the Bank’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 Bank has allocated reserves for these loans to reflect the present value of the concessionary terms granted to the customer. The following table presents the types of TDR loan modifications by portfolio segment outstanding as of December 31, 2016 2015: TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2016 Commercial Rate reduction $ — $ 33 $ 33 Principal deferral — 434 434 Commercial Real Estate: Farmland Principal deferral — 2,300 2,300 Nonfarm nonresidential Rate reduction 507 — 507 Principal deferral — 607 607 Residential Real Estate: Multi-family Rate reduction 4,100 — 4,100 1-4 Family Rate reduction 743 — 743 Total TDRs $ 5,350 $ 3,374 $ 8,724 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 December 31, 2016 2015, 61% 83%, $197,000 $179,000 December 31, 2016 2015, no December 31, 2016 2015 Management periodically reviews renewals and 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 based upon current underwriting, 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. During 2016, one $5.0 December 31, 2015. No twelve December 31, 2016 2015. Non-performing Loans Non-performing loans include impaired loans 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 December 31, 2016 2015: Nonaccrual Loans Past Due 90 Days And Over Still Accruing 201 6 201 5 201 6 201 5 (in thousands) Commercial $ 495 $ 1,112 $ — $ — Commercial Real Estate: Construction — — — — Farmland 4,332 4,263 — — Nonfarm nonresidential 1,016 2,657 — — Residential Real Estate: Multi-family — 32 — — 1-4 Family 3,312 5,851 — — Consumer 1 20 — — Agriculture 60 152 — — Other — — — — Total $ 9,216 $ 14,087 $ — $ — The following table presents the aging of the recorded investment in past due loans by class as of December 31, 2016 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) December 31, 201 6 Commercial $ — $ — $ — $ 495 $ 495 Commercial Real Estate: Construction — — — — — Farmland 626 — — 4,332 4,958 Nonfarm nonresidential — 59 — 1,016 1,075 Residential Real Estate: Multi-family — — — — — 1-4 Family 1,454 256 — 3,312 5,022 Consumer 19 — — 1 20 Agriculture 203 — — 60 263 Other — — — — — Total $ 2,302 $ 315 $ — $ 9,216 $ 11,833 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, 201 5 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 through our internal and external loan review processes. Borrower relationships in excess of $500,000 : Watch – may Special Mention – one may Substandard – may 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 December 31, 2016 2015, Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 201 6 Commercial $ 96,402 $ 294 $ — $ 1,065 $ — $ 97,761 Commercial Real Estate: Construction 35,823 507 — — — 36,330 Farmland 63,323 1,521 — 6,663 — 71,507 Nonfarm nonresidential 142,222 5,217 445 1,662 — 149,546 Residential Real Estate: Multi-family 38,281 6,080 — 3,836 — 48,197 1-4 Family 173,565 6,909 52 7,566 — 188,092 Consumer 9,397 348 — 73 — 9,818 Agriculture 26,940 9,555 — 1,013 — 37,508 Other 477 — — — — 477 Total $ 586,430 $ 30,431 $ 497 $ 21,878 $ — $ 639,236 Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 201 5 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 |
Note 4 - Premise and Equipment
Note 4 - Premise and Equipment | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 4 Year-end premises and equipment were as follows: 201 6 201 5 (in thousands) Land and buildings $ 23,515 $ 24,651 Furniture and equipment 10,050 10,719 33,565 35,370 Accumulated depreciation (15,717 ) (16,558 ) $ 17,848 $ 18,812 Depreciation expense was $1,103,000, $1,023,000 $940,000 2016, 2015 2014, |
Note 5 - Other Real Estate Owne
Note 5 - Other Real Estate Owned | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] | N OTE 5 – OTHER REAL ESTATE OWNED Other real estate owned (OREO) is real estate acquired as a result of foreclosure or by deed in lieu of foreclosure. It is classified as real estate owned until such time as it is sold. When property is acquired as a result of foreclosure or by deed in lieu of foreclosure, it is recorded at its fair market value less cost to sell. Any write-down of the property at the time of acquisition is charged to the allowance for loan losses. Costs incurred in order to perfect the lien prior to foreclosure may Fair value of OREO is determined on an individual property basis. To determine the fair value of OREO for smaller dollar single family homes, we consult with internal real estate sales staff and external realtors, investors, and appraisers. If the internally evaluated market price is below our underlying investment in the property, appropriate write-downs are taken. For larger dollar residential and commercial real estate properties, we obtain a new appraisal of the subject property or have staff from our special assets group or in our centralized appraisal department evaluate the latest in-file appraisal in connection with the transfer to OREO. We typically obtain updated appraisals within five The following table presents the major categories of OREO at the period-ends indicated: 201 6 201 5 (in thousands) Commercial Real Estate: Construction, land development, and other land $ 6,571 $ 12,749 Nonfarm nonresidential — 6,967 Residential Real Estate: 1-4 Family 250 128 6,821 19,844 Valuation allowance — (630 ) $ 6,821 $ 19,214 Activity relating to the other real estate owned valuation allowance during the years indicated is as follows: 2016 2015 2014 (in thousands) Beginning balance $ 630 $ 1,066 $ 230 Provision to allowance 1,180 9,855 4,255 Write-downs (1,810 ) (10,291 ) (3,419 ) Ending balance $ — $ 630 $ 1,066 Residential loans secured by 1 4 $932,000 $934,000 December 31, 2016 December 31, 2015, Activity relating to other real estate owned during the years indicated is as follows: 201 6 201 5 20 14 (in thousands) OREO Activity OREO as of January 1 $ 19,214 $ 46,197 $ 30,892 Real estate acquired 1,273 5,513 32,338 Valuation adjustments for declining market values (1,180 ) (9,855 ) (4,255 ) Net gain (loss) on sale 222 (74 ) 306 Proceeds from sale of properties (12,708 ) (22,567 ) (13,084 ) OREO as of December 31 $ 6,821 $ 19,214 $ 46,197 OREO rental income totaled $456,000, $1.3 $256,000 December 31, 2016, 2015, 2014, Expenses related to other real estate owned include: 201 6 201 5 20 14 (in thousands) Net (gain) loss on sales $ (222 ) $ 74 $ (306 ) Provision to allowance 1,180 9,855 4,255 Operating expense 583 2,373 1,890 Total $ 1,541 $ 12,302 $ 5,839 |
Note 6 - Intangible Assets
Note 6 - Intangible Assets | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | NOTE 6 Acquired intangible assets were as follows as of year-end: 201 6 201 5 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization (in thousands) Amortized intangible assets: Core deposit intangibles $ 4,183 $ 4,074 $ 4,183 $ 3,740 Aggregate amortization expense was $334,000, $335,000 $397,000 2016, 2015 2014, 2017 $109,000. |
Note 7 - Deposits
Note 7 - Deposits | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 7 The following table shows deposits by category: December 31, 201 6 December 31, 201 5 (in thousands) Non-interest bearing $ 124,395 $ 120,043 Interest checking 103,876 97,515 Money market 142,497 125,935 Savings 34,518 34,677 Certificates of deposit 444,639 499,827 Total $ 849,925 $ 877,997 Time deposits of $250,000 $29.1 $28.4 2016 2015, Scheduled maturities of total time deposits for each of the next five Total 2017 $ 278,459 2018 97,471 2019 29,623 2020 32,782 2021 6,304 Thereafter — $ 444,639 |
Note 8 - Advances From the Fede
Note 8 - Advances From the Federal Home Loan Bank | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | NOTE 8 – ADVANCES FROM FEDERAL HOME LOAN BANK At year-end, advances from the Federal Home Loan Bank were as follows: 201 6 201 5 (in thousands) Advances with fixed rates from 0.00% to 5.25% and maturities ranging from 2017 through 2033, averaging 0.85% for 2016 and 2.65% for 2015 $ 22,458 $ 3,081 Each advance is payable per terms on agreement, with a prepayment penalty. No 2016 2015. $124.2 $128.8 first 2016 2015, one December 31, 2016, $9.6 Scheduled principal payments on the above during the next five Advances 2017 $ 20,586 2018 265 2019 185 2020 486 2021 729 Thereafter 207 $ 22,458 At year-end 2016, $5.0 |
Note 9 - Subordinated Capital N
Note 9 - Subordinated Capital Note | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Subordinated Borrowings Disclosure [Text Block] | NOTE 9 – SUBORDINATED CAPITAL NOTE The outstanding principal amount of the subordinated capital note issued by the Bank totaled $3.2 December 31, 2016. three 300 2 five July 1, 2020. five one fifth 2 2 $225,000 $900,000 three $450,000 3.85% 3.28% December 31, 2016 2015, |
Note 10 - Junior Subordinated D
Note 10 - Junior Subordinated Debentures | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 10 The junior subordinated debentures are redeemable at par prior to maturity at the option of the Company as defined within the trust indenture. The Company has the option to defer interest payments on the junior subordinated debentures from time to time for a period not to exceed 20 On April 15, 2016, 580,000 220,000 $5.0 second 2016. $2.2 On June 29, 2016, third 2016 second 2021. 20 Dividends accrued and unpaid on our junior subordinated debentures totaled $378,000 December 31, 2016. A summary of the junior subordinated debentures is as follows: Description Issuance Date Interest Rate (1) Junior Subordinated Debt Owed To Trust Maturity Date (2) Porter Statutory Trust II 2/13/2004 3-month LIBOR + 2.85% $ 5,000,000 2/13/2034 Porter Statutory Trust III 4/15/2004 3-month LIBOR + 2.79% 3,000,000 4/15/2034 Porter Statutory Trust IV 12/14/2006 3-month LIBOR + 1.67% 10,000,000 3/01/2037 Ascencia Statutory Trust I 2/13/2004 3-month LIBOR + 2.85% 3,000,000 2/13/2034 $ 21,000,000 (1) As of December 31, 2016, 3 1.00%. (2) The debentures are callable at our option at their principal amount plus accrued interest. On September 30, 2015, $4.0 $330,000. $4.3 160,000 80,000 240,000 one third third 80,000 $883,000 $883,000 $560,000 $1.4 tendered third third 80,000 $7.00 September 30, 2015. two thirds $2.9 80,000 80,000 470 50 40 2 405 20 40 1.J, |
Note 11 - Other Benefit Plans
Note 11 - Other Benefit Plans | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Postemployment Benefits Disclosure [Text Block] | NOTE 1 1 – OTHER BENEFIT PLANS 401( k ) Plan 401(k) 50% first 4% may $189,000, $160,000 $187,000 2016, 2015 2014, Supplemental Executive Retirement Plan 10 $121,000, $121,000 $122,000 December 31, 2016, 2015 2014, $1,328,000, $1,335,000 $1,341,000 December 31, 2016, 2015, 2014, The Company purchased life insurance on the participants of the plan. The cash surrender value of all insurance policies was $14,838,000 $9,441,000 December 31, 2016 2015, $417,000, $295,000 $276,000 December 31, 2016, 2015, 2014, |
Note 12 - Income Taxes
Note 12 - Income Taxes | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 1 2 – INCOME TAXES Income tax expense (benefit) was as follows: 201 6 201 5 20 14 (in thousands) Current $ 21 $ — $ — Deferred 2,771 5,258 2,151 Net operating loss (4,009 ) (5,975 ) (6,651 ) Change in valuation allowance 1,238 717 2,917 $ 21 $ — $ (1,583 ) Effective tax rates differ from federal statutory rate of 35% 201 6 201 5 20 14 (in thousands) Federal statutory rate times financial statement income (loss) $ (956 ) $ (1,125 ) $ (4,458 ) Effect of: Valuation allowance 1,238 717 2,917 Tax-exempt income (211 ) (264 ) (319 ) Nontaxable life insurance income (146 ) (103 ) (97 ) Other, net 96 775 374 Total $ 21 $ — $ (1,583 ) Year-end deferred tax assets and liabilities were due to the following: 201 6 201 5 (in thousands) Deferred tax assets: Net operating loss carry-forward $ 42,094 $ 38,085 Allowance for loan losses 3,139 4,214 Other real estate owned write-down 3,366 7,619 Alternative minimum tax credit carry-forward 692 692 Net assets from acquisitions 674 671 Net unrealized loss on securities 867 166 New market tax credit carry-forward 208 208 Nonaccrual loan interest 481 549 Accrued expenses 3,860 990 Other 825 885 56,206 54,079 Deferred tax liabilities: FHLB stock dividends 928 928 Fixed assets 89 176 Other 1,140 865 2,157 1,969 Net deferred tax assets before valuation allowance 54,049 52,110 Valuation allowance (54,049 ) (52,110 ) Net deferred tax asset $ — $ — Our estimate of the realizability of the deferred tax asset is dependent on our estimate of projected future levels of taxable income. In analyzing future taxable income levels, we considered all evidence currently available, both positive and negative. Based on our analysis, we established a valuation allowance for all deferred tax assets as of December 31, 2011. December 31, 2016. The Company does not have any beginning and ending unrecognized tax benefits. The Company does not expect the total amount of unrecognized tax benefits to significantly increase or decrease in the next twelve no 2016 2015 Under Section 382 382”), 382. 5% 50 In 2015, two one July 10, 2015. 5% 5% June 29, 2018, may 382 On September 23, 2015, 382. September 23, 2018, may 382 The Company and its subsidiaries are subject to U.S. federal income tax and the Company is subject to income tax in the Commonwealth of Kentucky. The Company is no longer subject to examination by taxing authorities for years before 2013. |
Note 13 - Related Party Transac
Note 13 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 13 Loans to principal officers, directors, significant shareholders, and their affiliates in 2016 Beginning balance $ — New loans 997 Repayments (997 ) Ending balance $ — Deposits from principal officers, directors, significant shareholders, and their affiliates at year-end 2016 2015 $321,000 $382,000, Hogan Development Company assists the Bank in onboarding, managing, and selling the Bank’s OREO. Hogan Development Company is owned by W. Glenn Hogan, a director. Our agreement with Hogan Development Company is periodically reviewed and evaluated by our Audit Committee. The Bank paid real estate management fees of $56,000 $175,000 $478,000 $637,000 2016 2015, In December 2014, 5,000 17,143 885 1,405 750 51,429 133 211 19,688 317,042 150,653 6,250 64,580 3,486 February 25, 2015, 17,143 342,860 125,000 1,291,600 On September 30, 2015, $4.0 $330,000. $4.3 160,000 80,000 one third 80,000 $883,000 $883,000 $560,000 $1.4 tendered 80,000 $7.00 September 30, 2015. two thirds $2.9 80,000 80,000 470 50 40 2 405 20 40 1.J, On April 15, 2016, 580,000 220,000 $5.0 second 2016. three |
Note 14 - Preferred Stock and S
Note 14 - Preferred Stock and Stock Purchase Warrants | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 1 4 – PREFERRED STOCK AND STOCK PURCHASE WARRANTS On November 21, 2008, 35,000 66,113 $79.41 $35.0 10 In December 2014, hares which were held by the accredited investors, and related warrants to purchase 159,783 $45.7 $9.6 The effect of this exchange transaction was to increase common stockholders’ equity by approximately $36.1 $7.4 In the exchange transaction, we issued 364,286 40,536 64,580 810,720 1,291,600 February 25, 2015. 6,198 4,304 $1,000 2% |
Note 15 - Capital Requirements
Note 15 - Capital Requirements and Restrictions of Retained Earnings | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | NOTE 15 Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. Banks (Basel III rules) became effective for the Company and Bank on January 1, 2015 January 1, 2019. $250 one 2.5% 1 7.0%, 1 8.5%, 10.5%. January 2016 0.625% January 2019. In its Consent Orders with the FDIC and the KDFI, the Bank has agreed to maintain a minimum Tier 1 9% 12%. On September 21, 2011, The following tables show the ratios (excluding capital conservation buffer) and amounts of common equity Tier 1, 1 Actual Regulatory Minimums for Capital Adequacy Purposes Amount Ratio Amount Ratio As of December 31, 2016: Total risk-based capital (to risk- weighted assets) Consolidated $ 71,109 10.21 % $ 55,714 8.00 % Bank 68,773 9.88 55,663 8.00 Total common equity Tier I risk- based capital (to risk-weighted assets) Consolidated 36,199 5.20 31,339 4.50 Bank 57,642 8.28 31,311 4.50 Tier I capital (to risk-weighted assets) Consolidated 48,713 6.99 41,786 6.00 Bank 57,642 8.28 41,747 6.00 Tier I capital (to average assets) Consolidated 48,713 5.27 36,975 4.00 Bank 57,642 6.24 36,949 4.00 Actual Regulatory Minimums for Capital Adequacy Purposes Amount Ratio Amount Ratio As of December 31, 2015: Total risk-based capital (to risk- weighted assets) Consolidated $ 68,530 10.46 % $ 52,436 8.00 % Bank 69,250 10.58 52,347 8.00 Total common equity Tier 1 risk- based capital (to risk weighted assets) Consolidated 33,368 5.09 29,495 4.50 Bank 57,873 8.84 29,445 4.50 Tier I capital (to risk-weighted assets) Consolidated 45,174 6.89 39,327 6.00 Bank 57,873 8.84 39,260 6.00 Tier I capital (to average assets) Consolidated 45,174 4.74 38,131 4.00 Bank 57,873 6.08 38,085 4.00 The Consent Order requires the Bank to achieve the minimum capital ratios presented below: Actual as of December 31, 2016 Ratio Required by Consent Order Amount Ratio Amount Ratio Total capital to risk-weighted assets $ 68,773 9.88 % $ 83,495 12.00 % Tier I capital to average assets 57,642 6.24 83,135 9.00 Bank regulatory agencies can exercise discretion when an institution does not meet the terms of a Consent Order. Based on individual circumstances, the agencies may Kentucky banking laws limit the amount of dividends that may may two |
Note 16 - Loans Commitments and
Note 16 - Loans Commitments and Financial Guarntees | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 1 6 – LOAN COMMITMENTS AND FINANCIAL GUARANTEES Some financial instruments, such as loan commitments, lines of credit and letters of credit are issued to meet customer-financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may The Company holds instruments, in the normal course of business, with clients that are considered financial guarantees. Standby letters of credit guarantees are issued in connection with agreements made by clients to counterparties. Standby letters of credit are contingent upon failure of the client to perform the terms of the underlying contract. The Company evaluates each credit request of its customers in accordance with established lending policies. Based on these evaluations and the underlying policies, the amount of required collateral (if any) is established. Collateral held varies but may The contractual amounts of financial instruments with off-balance-sheet risk at year end were as follows: 201 6 201 5 Fixed Rate Variable Rate Fixed Rate Variable Rate (in thousands) Commitments to make loans $ 19,445 $ 18,347 $ 2,475 $ 9,763 Unused lines of credit 7,935 51,407 12,212 48,648 Standby letters of credit 582 360 950 1,220 Commitments to make loans are generally made for periods of one In connection with the purchase of two two fourth 2016, $14.6 December 31, 2016. |
Note 17 - Fair Values
Note 17 - Fair Values | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 1 7 – FAIR VALUES Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. We use various valuation techniques to determine fair value, including market, income and cost approaches. There are three may Level 1: Level 2: 1 Level 3: In certain cases, the inputs used to measure fair value may Securities: 1 two 2 This valuation method is classified as Level 3 Rating agency and industry research reports as well as defaults and deferrals on individual securities are reviewed and incorporated into the calculations. Impaired Loans: 3 may Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. These routine adjustments are made to adjust the value of a specific property relative to comparable properties for variations in qualities such as location, size, and income production capacity relative to the subject property of the appraisal. Such adjustments are typically significant and result in a Level 3 We routinely apply an internal discount to the value of appraisals used in the fair value evaluation of our impaired loans. The deductions to the appraisal take into account changing business factors and market conditions, as well as potential value impairment in cases where our appraisal date predates a likely change in market conditions. These deductions range from 10% 25% (1) (2) six ten We also apply discounts to the expected fair value of collateral for impaired loans where the likely resolution involves litigation or foreclosure. Resolution of this nature generally results in receiving lower values for real estate collateral in a more aggressive sales environment. We have utilized discounts ranging from 10% 33% Impaired loans are evaluated quarterly for additional impairment. We obtain updated appraisals on properties securing our loans when circumstances are warranted such as at the time of renewal or when market conditions have significantly changed. This determination is made on a property-by-property basis in light of circumstances in the broader economic climate and our assessment of deterioration of real estate values in the market in which the property is located. The first second Other Real Estate Owned (OREO) For larger dollar commercial real estate properties, we obtain a new appraisal of the subject property or have staff in our special assets group or centralized appraisal department evaluate the latest in-file appraisal in connection with the transfer to other real estate owned. In some of these circumstances, an appraisal is in process at quarter end, and we must make our best estimate of the fair value of the underlying collateral based on our internal evaluation of the property, review of the most recent appraisal, and discussions with the currently engaged appraiser. We generally obtain updated appraisals within five We routinely apply an internal discount to the value of appraisals used in the fair value evaluation of our OREO. The deductions to the appraisal take into account changing business factors and market conditions, as well as potential value impairment in cases where our appraisal date predates a likely change in market conditions. These deductions range from 10% 25% (1) (2) six ten Financial assets measured at fair value on a recurring basis are summarized below: Fair Value Measurements at December 31, 201 6 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities U.S. Government and federal agency $ 34,099 $ — $ 34,099 $ — Agency mortgage-backed: residential 102,353 — 102,353 — Collateralized loan obligations 11,203 — 11,203 — State and municipal 2,045 — 2,045 — Corporate bonds 3,090 — 3,090 — Total $ 152,790 $ — $ 152,790 $ — Fair Value Measurements at December 31, 201 5 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities U.S. Government and federal agency $ 33,262 $ — $ 33,262 $ — Agency mortgage-backed: residential 102,662 — 102,662 — State and municipal 6,861 — 6,861 — Corporate bonds 2,193 — 2,193 — Total $ 144,978 $ — $ 144,978 $ — There were no transfers between Level 1 2 2016 2015. Financial assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at December 31, 201 6 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ 87 $ — $ — $ 87 Commercial real estate: Construction — — — — Farmland 585 — — 585 Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 1,261 — — 1,261 Consumer — — — — Agriculture 59 — — 59 Other — — — — Other real estate owned, net : Commercial real estate: Construction 6,571 — — 6,571 Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 250 — — 250 Fair Value Measurements at December 31, 201 5 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ — $ — $ — $ — Commercial real estate: Construction — — — — Farmland — — — — Nonfarm nonresidential 139 — — 139 Residential real estate: Multi-family — — — — 1-4 Family 1,362 — — 1,362 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned, net : Commercial real estate: Construction 12,344 — — 12,344 Farmland — — — — Nonfarm nonresidential 6,746 — — 6,746 Residential real estate: Multi-family — — — — 1-4 Family 124 — — 124 Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a carrying amount of $2.4 $370,000, December 31, 2016, no December 31, 2016. December 31, 2015, $1.8 $337,000, December 31, 2015, no December 31, 2015. OREO, which is measured at the lower of carrying or fair value less costs to sell, had a net carrying amount of $6.8 December 31, 2016, $19.2 December 31, 2015. $1.2 $9.9 December 31, 2016 2015, The following table presents qualitative information about level 3 December 31, 2016: Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) (in thousands) Impaired loans – Residential real estate $ 1,261 Sales comparison approach Adjustment for differences between the comparable sales 0% - 22% (9%) Other real estate owned – Commercial real estate $ 6,571 Sales comparison approach Adjustment for differences between the comparable sales 0% - 20% Income approach Discount or capitalization rate 18% - 20% (19%) The following table presents qualitative information about level 3 December 31, 2015: Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) (in thousands) Impaired loans – Residential real estate $ 1,362 Sales comparison approach Adjustment for differences between the comparable sales 1% - 16% (7%) Other real estate owned – Commercial real estate $ 19,090 Sales comparison approach Adjustment for differences between the comparable sales 0% - 30% (12%) Income approach Discount or capitalization rate 10% - 20% (17%) Carrying amount and estimated fair values of financial instruments were as follows at year-end 2016: Fair Value Measurements at December 31, 2016 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 66,316 $ 31,091 $ 35,225 $ — $ 66,316 Securities available for sale 152,790 — 152,790 — 152,790 Securities held to maturity 41,818 — 43,072 — 43,072 Federal Home Loan Bank stock 7,323 N/A N/A N/A N/A Loans held for sale — — — — — Loans, net 630,269 — — 632,528 632,528 Accrued interest receivable 3,137 — 1,203 1,934 3,137 Financial liabilities Deposits $ 849,925 $ 124,395 $ 712,458 $ — $ 836,853 Federal Home Loan Bank advances 22,458 — 22,475 — 22,475 Subordinated capital notes 3,150 — — 3,091 3,091 Junior subordinated debentures 21,000 — — 13,263 13,263 Accrued interest payable 734 — 369 365 734 Carrying amount and estimated fair values of financial instruments were as follows at year-end 2015: Fair Value Measurements at December 31, 2015 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 93,335 $ 79,498 $ 13,837 $ — $ 93,335 Securities available for sale 144,978 — 144,978 — 144,978 Securities held to maturity 42,075 — 44,253 — 44,253 Federal Home Loan Bank stock 7,323 N/A N/A N/A N/A Loans held for sale 186 — 186 — 186 Loans, net 606,625 — — 614,162 614,162 Accrued interest receivable 3,116 — 1,111 2,005 3,116 Financial liabilities Deposits $ 877,997 $ 120,043 $ 739,152 $ — $ 859,195 Federal Home Loan Bank advances 3,081 — 3,076 — 3,076 Subordinated capital notes 4,050 — — 3,933 3,933 Junior subordinated debentures 21,000 — — 12,810 12,810 Accrued interest payable 2,805 — 422 2,383 2,805 The methods and assumptions used to estimate fair value are described as follows: (a) Cash and Cash Equivalents The carrying amounts of cash and short-term instruments approximate fair values and are classified as either Level 1 2. 1 2. (b) FHLB Stock It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability. (c) Loans , Net Fair values of loans, excluding loans held for sale, are estimated as follows: For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values resulting in a Level 3 3 (d) Loans Held for Sale The fair value of loans held for sale is estimated based upon binding contracts and quotes from third 2 (e) Deposits The fair values disclosed for non-interest bearing deposits are, by definition, equal to the amount payable on demand at the reporting date resulting in a Level 1 2 2 ( f ) Other Borrowings The fair values of the Company’s FHLB advances are estimated using discounted cash flow analyses based on the current borrowing rates resulting in a Level 2 The fair values of the Company’s subordinated capital notes and junior subordinated debentures are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 3 (g ) Accrued Interest Receivable/Payable The carrying amounts of accrued interest approximate fair value resulting in a Level 2 3 |
Note 18 - Stock Plans and Stock
Note 18 - Stock Plans and Stock Based Compensation | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | N OTE 18 – STOCK PLANS AND STOCK BASED COMPENSATION At the annual meeting on May 25, 2016, 2016 (“2016 2006 (“2006 2016. 2016 46,467 2006 three ten The Company also maintains the Porter Bancorp, Inc. 2006 (“2006 17,912 $25,000 December 31 On December 4, 2014, March 25, 2015, four four 107,696 160,000 four one third second, third fourth $233,000, The fair value of the 2016 $323,000, $9.10 $443,000 $445,000 2016 2015, No The following table summarizes unvested share activity as of and for the periods indicated for the Stock Incentive Plan: Twelve Months Ended Twelve Months Ended December 31 , 201 6 December 31, 201 5 Weighted Weighted Average Average Grant Grant Shares Price Shares Price Outstanding, beginning 184,482 $ 4.81 155,097 $ 6.65 Granted 35,465 9.10 183,148 4.57 Vested (38,462 ) 8.32 (57,196 ) 6.65 Terminated — — (90,199 ) 6.26 Forfeited (1,972 ) 6.16 (6,368 ) 5.63 Outstanding, ending 179,513 $ 4.89 184,482 $ 4.81 Unrecognized stock based compensation expense related to unvested shares for 2017 2017 $ 197 2018 190 2019 30 2020 & thereafter 9 |
Note 19 - Earnings (Loss) Per S
Note 19 - Earnings (Loss) Per Share | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | N OTE 19 – EARNINGS (LOSS) PER SHARE The factors used in the basic and diluted earnings per share computation follow: 201 6 201 5 201 4 (in thousands, except share and per share data) Net income (loss) $ (2,753 ) $ (3,213 ) $ (11,155 ) Less: Preferred stock dividends — — 2,362 Effect of preferred stock exchange — — (36,104 ) Earnings (losses) allocated to unvested shares (88 ) (122 ) 1,435 Earnings (losses) allocated to participating preferred shares — (214 ) 1,724 Net income (loss) attributable to common shareholders, basic and diluted $ (2,665 ) $ (2,877 ) $ 19,428 Basic Weighted average common shares including unvested common shares and participating preferred shares outstanding 5,980,945 5,191,944 2,846,188 Less: Weighted average unvested common shares 192,232 197,355 180,842 Weighted average Series B Preferred Shares — 133,269 59,971 Weighted average Series C Preferred Shares — — 61,654 Weighted average Series D Preferred Shares — 212,318 95,543 Weighted average common shares outstanding 5,788,713 4,649,002 2,448,178 Basic income (loss) per common share $ (0.46 ) $ (0.62 ) $ 7.94 Diluted Add: Dilutive effects of assumed exercises of common stock warrants — — — Weighted average common shares and potential common shares 5,788,713 4,649,002 2,448,178 Diluted income (loss) per common share $ (0.46 ) $ (0.62 ) $ 7.94 The Company had no December 31, 2016, 2015 2014. 66,113 $79.41 December 31, 2016, 2015 2014, 130,109 $54.76 December 31, 2014, 130,109 December 31, 2014 September 2015. |
Note 20 - Parent Company Only C
Note 20 - Parent Company Only Condensed Financial Information | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | NOTE 2 0 – PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of Porter Bancorp Inc. is presented as follows: CONDENSED BALANCE SHEETS December 31, 201 6 201 5 (in thousands) ASSETS Cash and cash equivalents $ 2,048 $ 986 Investment in banking subsidiary 51,528 55,642 Investment in and advances to other subsidiaries 776 3,360 Other assets 645 734 Total assets $ 54,997 $ 60,722 LIABILITIES AND SHAREHOLDERS’ EQUITY Debt $ 21,775 $ 25,775 Accrued expenses and other liabilities 489 2,930 Shareholders’ equity 32,733 32,017 Total liabilities and shareholders’ equity $ 54,997 $ 60,722 CONDENSED STATEMENTS OF OPERATIONS Years ended December 31, 201 6 201 5 201 4 (in thousands) Interest income $ 5 $ 46 $ 53 Dividends from subsidiaries 23 20 19 Other income 17 102 44 Interest expense (694 ) (647 ) (631 ) Other expense (1,240 ) (1,457 ) (1,765 ) Loss before income tax and undistributed subsidiary income (1,889 ) (1,936 ) (2,280 ) Income tax expense 21 — 13 Equity in undistributed subsidiary income (loss) (843 ) (1,277 ) (8,862 ) Net loss $ (2,753 ) $ (3,213 ) $ (11,155 ) CONDENSED STATEMENTS OF CASH FLOWS Years ended December 31, 201 6 201 5 20 14 (in thousands) Cash flows from operating activities Net loss $ (2,753 ) $ (3,213 ) $ (11,155 ) Adjustments: Equity in undistributed subsidiary (income) loss 843 1,277 8,862 Gain on sale of assets — (70 ) (44 ) Tax expense from OCI components — — 13 Change in other assets (95 ) (40 ) (26 ) Change in other liabilities 358 634 1,040 Other 978 481 591 Net cash (used in) operating activities (669 ) (931 ) (719 ) Cash flows from investing activities Investments in subsidiaries (500 ) — — Sales of securities — 642 179 Net cash (used in) from investing activities (500 ) 642 179 Cash flows from financing activities Proceeds from issuance of common stock 2,231 — — Dividends paid on preferred stock — — — Dividends paid on common stock — — — Net cash (used in) financing activities 2,231 — — Net change in cash and cash equivalents 1,062 (289 ) (540 ) Beginning cash and cash equivalents 986 1,275 1,815 Ending cash and cash equivalents $ 2,048 $ 986 $ 1,275 |
Note 21 - Quarterly Financial D
Note 21 - Quarterly Financial Data (Unaudited) | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Quarterly Financial Information [Text Block] | NOTE 2 1 – QUARTERLY FINANCIAL DATA (UNAUDITED) Earnings (Loss) Per Common Share Interest Income Net Interest Income Provision For Loan Losses OREO Expense Net Income (Loss) Basic (1) Diluted (1) (in thousands, except per share data) 201 6 First quarter $ 9,185 $ 7,651 $ (550 ) $ 668 $ 1,480 $ 0.27 $ 0.27 Second quarter 8,705 7,196 (600 ) 294 1,012 0.17 0.17 Third quarter 8,931 7,458 (750 ) 322 1,393 0.22 0.22 Fourth quarter 8,781 7,316 (550 ) 257 (6,638 ) (2) (1.07 ) (1.07 ) 201 5 First quarter $ 9,203 $ 7,290 $ — $ 733 $ 594 $ 0.12 $ 0.12 Second quarter 9,167 7,339 — 2,932 (2,130 ) (3) (0.41 ) (0.41 ) Third quarter 9,179 7,482 (2,200 ) 5,131 (1,076 ) (4) (0.21 ) (0.21 ) Fourth quarter 9,025 7,440 (2,300 ) 3,506 (601 ) (4) (0.11 ) (0.11 ) (1) The sum of the quarterly net income (loss) per share (basic and diluted) differs from the annual net income (loss) per share (basic and diluted) because of the differences in the weighted average number of common shares outstanding and the common shares used in the quarterly and annual computations as well as differences in rounding. (2) The $6.6 fourth 2016 $8.0 (3) The $2.1 second 2015 (4) The net loss for the third fourth 2015 $2.2 $2.3 $5.1 $3.5 |
Note 22 - Contingencies
Note 22 - Contingencies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Contingencies Disclosure [Text Block] | NOTE 22 We are defendants in various legal proceedings. Litigation is subject to inherent uncertainties and unfavorable rulings could occur. We record contingent liabilities resulting from claims against us when a loss is assessed to be probable and the amount of the loss is reasonably estimable. Assessing probability of loss and estimating probable losses requires analysis of multiple factors, including in some cases judgments about the potential actions of third $10.2 may Signature Point Litigation. June 18, 2010, three Signature Point Condominiums LLC, et al. v. PBI Bank, et al 10 04295. July 16, 2013, $1,515,000 $5,500,000. $26 first first third third After conferring with its legal advisors, the Bank believed that the findings and damages were excessive and contrary to law, and that it had meritorious grounds on which it moved to appeal. The Bank filed an appeal with the Kentucky Court of Appeals on October 25, 2013. November 16, 2015. December 2, 2016, $7.015 one The Bank previously accrued the compensatory damages of the trial court verdict along with interest at the statutory rate. Following the Appellate Court ruling, the Bank accrued the punitive damages award and statutory interest that together currently total approximately $8.0 2016. December 30, 2016, AIT Laboratories Employee Stock Ownership Plan. August 29, 2014, Thomas E. Perez, Secretary of the United States Department of Labor v. PBI Bank, Inc. and Michael A. Evans 1:14 01429 2009, 2009 $90 May 12, 2016, May 13, 2016. United States Department of Justice Investigation. October 17, 2014, November 2008. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Nature of Operations and Principles of Consolidation 100% The Company provides financial services through its offices in Central and South Central Kentucky, Lexington and Louisville. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, agricultural, and real estate loans. Substantially all loans are collateralized by specific items of collateral including business assets, commercial real estate, and residential real estate. Commercial loans are expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents one |
Interest Bearing Deposits in Banks, Policy [Policy Text Block] | Interest Bearing Deposits in Banks one December 31, 2016, $9.8 third 22 |
Investment, Policy [Policy Text Block] | Securities Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method anticipating prepayments on mortgage backed securities. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on at least a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into 1) 2) |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | Loans Held for Sale secondary Mortgage loans held for sale are generally sold with servicing rights released. If sold with servicing retained, the carrying value of mortgage loans sold is reduced by the amount allocated to the servicing right. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold. Mortgage banking derivatives used in the ordinary course of business consist of mandatory forward sales contracts and rate lock loan commitments. Forward contracts represent future commitments to deliver loans at a specified price and date and are used to manage interest rate risk on loan commitments and mortgage loans held for sale. Rate lock commitments represent commitments to fund loans at a specific rate. These derivatives involve underlying items, such as interest rates, and are designed to transfer risk. Substantially all of these instruments expire within 60 |
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block] | Loans Interest income recognition on mortgage and commercial loans is discontinued at the time the loan is 90 90 All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses may The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. A loan is deemed impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and treated as impaired. Factors considered in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, are collectively evaluated for impairment and are not separately identified for impairment disclosures. Troubled debt restructurings are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported at the fair value of the collateral. For troubled debt restructurings that subsequently default, we determine the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on our actual loss history experienced over the most recent three A portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for loan losses. We identified the following portfolio segments: commercial, commercial real estate, residential real estate, consumer, agricultural, and other. ● Commercial loans are made to businesses and depend on the strength of the industries, related borrowers, and cash flow from the businesses. Commercial loans are advances for equipment purchases, or to provide working capital, or to meet other financing needs of business enterprises. These loans may ● Commercial real estate loans are affected by the local commercial real estate market and the local economy. Commercial real estate loans include loans on commercial properties occupied by borrowers and/or tenants. ● Residential real estate loans are affected by the local residential real estate market, local economy, and, for variable rate mortgages, movement in indices tied to these loans. For owner occupied residential loans, the borrowers’ repayment ability is evaluated through a review of credit scores and debt to income ratios. For non-owner occupied residential loans, such as rental real estate, financial information is obtained from the borrowers and/or the individual project to evaluate cash flows sufficiency to service the debt. Appraisals are obtained to support the loan amount. ● Consumer loans depend on local economies. Consumer loans are generally secured by consumer assets, but may ● Agriculture loans depend on the industries tied to these loans and are generally secured by livestock, crops, and/or equipment, but may ● Other loans include loans to municipalities, loans secured by stock, and overdrafts. For municipal loans, we evaluate the borrowers’ revenue streams as well as ability to repay form general funds. For loans secured by stock, we evaluate the market value of the stock securing the loan in relation to the loan amount. Overdrafts are funded based on pre-established criteria related to the deposit account relationship. We analyze key relevant risk characteristics for each portfolio segment and have determined that loans in each segment possess similar general risk characteristics that are analyzed in connection with our loan underwriting processes and procedures. In determining the allocated allowance, we utilize weighted average loss rates over the most recent three tenant |
Transfers and Servicing of Financial Assets, Policy [Policy Text Block] | Transfers of Financial Assets |
Real Estate Owned, Valuation Allowance, Policy [Policy Text Block] | Other Real Estate Owned |
Property, Plant and Equipment, Policy [Policy Text Block] | Premises and Equipment 5 50 2 10 |
Federal Home Loan Bank Stock, Policy [Policy Text Block] | Federal Home Loan Bank (FHLB) Stock may |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | Intangible Assets 7 10 |
Bank Owned Life Insurance, Policy [Policy Text Block] | Bank Owned Life Insurance |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Long-Term Assets may |
Pension and Other Postretirement Plans, Nonpension Benefits, Policy [Policy Text Block] | Benefit Plans 401(k) |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation |
Loan Commitments, Policy [Policy Text Block] | Loan Commitments and Related Financial Instruments |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Loss |
Stockholders' Equity Note, Redeemable Preferred Stock, Issue, Policy [Policy Text Block] | Preferred Shares – December 2014, Shares, and warrants to purchase 159,783 $45.7 $9.6 The effect of this exchange transaction was to increase common stockholders’ equity by approximately $36.1 $7.4 In the exchange transaction, we issued 364,286 40,536 64,580 810,720 1,291,600 February 25, 2015. 6,198 4,304 $1,000 2% |
Earnings Per Share, Policy [Policy Text Block] | Earnings (Loss) Per Common Share Earnings (Loss) Allocated to Participating Securities – 9.9% February 25, 2015. We also have issued and outstanding unvested common shares to employees and directors through our stock incentive plan. Earnings (loss) are allocated to these participating securities based on their percentage of total issued and outstanding shares. |
Commitments and Contingencies, Policy [Policy Text Block] | Loss Contingencies 22 |
Dividend Policy, [Policy Text Block] | Dividend Restriction may 15 |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments 17 |
Derivatives, Policy [Policy Text Block] | D erivative I nstruments – As part of the asset/liability management program, the Company will utilize, from time to time, risk participation agreements to reduce its sensitivity to interest rate fluctuations. These are derivative instruments, which are recorded as assets or liabilities in the consolidated balance sheets at fair value. Changes in the fair values of derivatives are reported in the consolidated statements of operations or other comprehensive income (“OCI”) depending on the use of the derivative and whether the instrument qualifies for hedge accounting. The key criterion for the hedge accounting is that the hedged relationship must be highly effective in achieving offsetting changes in those cash flows that are attributable to the hedged risk, both at inception of the hedge and on an ongoing basis. Derivatives that qualify for the hedge accounting treatment are designated as either: a hedge of the fair value of the recognized asset or liability or of an unrecognized firm commitment (a fair value hedge) or a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (a cash flow hedge). To date, the Company has not entered into a cash flow hedge. For cash flow hedges, changes in the fair values of the derivative instruments are reported in OCI to the extent the hedge is effective. The gains and losses on derivative instruments that are reported in OCI are reflected in the consolidated statements of income in the periods in which the results of operations are impacted by the variability of the cash flows of the hedged item. Generally, net interest income is increased or decreased by amounts receivable or payable with respect to the derivatives, which qualify for hedge accounting. At inception of the hedge, a Company must establish the method it uses for assessing the effectiveness of the hedging derivative and the measurement approach for determining the ineffective aspect of the hedge. The ineffective portion of the hedge, if any, is recognized currently in the consolidated statements of operations and time value expiration of the hedge when measuring ineffectiveness is excluded. The risk participation agreements are not designated against specific assets or liabilities under ASC 815, 820), |
New Accounting Pronouncements, Policy [Policy Text Block] | Adoption of New Accounting Standards – August 2014, 2014 15, 205 40): December 15, 2016, December 15, 2016. December 15, 2016. In August 2015, 2015 14, 606). 2014 09, 2014 09. December 15, 2017. Based on types of products we offer, adoption of this new guidance is not expected to have a material impact on the consolidated financial statements. In January 2016, 2016 01, 825 10): 1) 2) 3) 4) 5) 6) 7) December 15, 2017. In February 2016, 2016 02, 842). Under the new guidance, lessees will be required to recognize the following for all leases, with the exception of short-term leases, at the commencement date: a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting in largely unchanged. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2018. In March 2016, 2016 05, 815): December 15, 2016, In March 2016, 2016 06, 815): 815, January 1, 2017 In March 2016, 2016 09, 718): The amendments in this update became effective for annual periods and interim periods within those annual periods beginning after December 15, 2016, In June 2016, 2016 13, 326): December 15, 2019. In August 2016, 2016 15, 230). eight November 2016, 2016 18, December 31, 2016, |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) December 31, 201 6 Available for sale U.S. Government and federal agency $ 34,757 $ 50 $ (708 ) $ 34,099 Agency mortgage-backed: residential 103,390 455 (1,492 ) 102,353 Collateralized loan obligations 11,203 — — 11,203 State and municipal 2,028 25 (8 ) 2,045 Corporate bonds 3,069 24 (3 ) 3,090 Total available for sale $ 154,447 $ 554 $ (2,211 ) $ 152,790 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held to maturity State and municipal $ 41,818 $ 1,272 $ (18 ) $ 43,072 Total held to maturity $ 41,818 $ 1,272 $ (18 ) $ 43,072 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) December 31, 201 5 Available for sale U.S. Government and federal agency $ 33,491 $ 146 $ (375 ) $ 33,262 Agency mortgage-backed: residential 102,135 907 (380 ) 102,662 State and municipal 6,555 306 — 6,861 Corporate bonds 2,321 — (128 ) 2,193 Total available for sale $ 144,502 $ 1,359 $ (883 ) $ 144,978 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value Held to maturity State and municipal $ 42,075 $ 2,178 $ — $ 44,253 Total held to maturity $ 42,075 $ 2,178 $ — $ 44,253 |
Schedule of Realized Gain (Loss) [Table Text Block] | 201 6 2015 2014 (in thousands) Proceeds $ 8,311 $ 45,012 $ 6,251 Gross gains 245 1,902 132 Gross losses 29 136 — |
Investments Classified by Contractual Maturity Date [Table Text Block] | December 31, 201 6 Amortized Cost Fair Value (in thousands) Maturity Available for sale Within one year $ 4,894 $ 4,917 One to five years 7,043 7,049 Five to ten years 29,962 29,313 Beyond ten years 9,158 9,158 Agency mortgage-backed: residential 103,390 102,353 Total $ 154,447 $ 152,790 Held to maturity Within one year $ 646 648 One to five years 22,898 $ 23,497 Five to ten years 17,228 17,822 Beyond ten years 1,046 1,105 Total $ 41,818 $ 43,072 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (in thousands) 201 6 Available for sale U.S. Government and federal agency $ 27,738 $ (708 ) $ — $ — $ 27,738 $ (708 ) Agency mortgage-backed: residential 63,460 (1,449 ) 2,745 (43 ) 66,205 (1,492 ) State and municipal 465 (8 ) — — 465 (8 ) Corporate bonds — — 1,566 (3 ) 1,566 (3 ) Total temporarily impaired $ 91,663 $ (2,165 ) $ 4,311 $ (46 ) $ 95,974 $ (2,211 ) Held to maturity State and municipal 1,540 (18 ) — — 1,540 (18 ) Total $ 1,540 $ (18 ) $ — $ — $ 1,540 $ (18 ) Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (in thousands) 201 5 Available for sale U.S. Government and federal agency $ 7,058 $ (44 ) $ 14,527 $ (331 ) $ 21,585 $ (375 ) Agency mortgage-backed: residential 36,325 (271 ) 3,856 (109 ) 40,181 (380 ) Corporate bonds 747 (18 ) 1,446 (110 ) 2,193 (128 ) Total temporarily impaired $ 44,130 $ (333 ) $ 19,829 $ (550 ) $ 63,959 $ (883 ) |
Note 3 - Loans (Tables)
Note 3 - Loans (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 201 6 201 5 (in thousands) Commercial $ 97,761 $ 86,176 Commercial Real Estate: Construction 36,330 33,154 Farmland 71,507 76,412 Nonfarm nonresidential 149,546 140,570 Residential Real Estate: Multi-family 48,197 44,131 1-4 Family 188,092 201,478 Consumer 9,818 10,010 Agriculture 37,508 26,316 Other 477 419 Subtotal 639,236 618,666 Less: Allowance for loan losses (8,967 ) (12,041 ) Loans, net $ 630,269 $ 606,625 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) December 31, 2016: Beginning balance $ 818 $ 6,993 $ 3,984 $ 122 $ 122 $ 2 $ 12,041 Provision (negative provision) (401 ) (2,438 ) 749 (314 ) (56 ) 10 (2,450 ) Loans charged off (276 ) (505 ) (1,652 ) (99 ) (18 ) (79 ) (2,629 ) Recoveries 334 844 345 299 114 69 2,005 Ending balance $ 475 $ 4,894 $ 3,426 $ 8 $ 162 $ 2 $ 8,967 Dec ember 3 1 , 201 5 : Beginning balance $ 2,046 $ 10,931 $ 5,787 $ 274 $ 319 $ 7 $ 19,364 Provision (negative provision) (1,255 ) (2,713 ) (316 ) (115 ) (87 ) (14 ) (4,500 ) Loans charged off (696 ) (2,879 ) (2,171 ) (221 ) (118 ) (47 ) (6,132 ) Recoveries 723 1,654 684 184 8 56 3,309 Ending balance $ 818 $ 6,993 $ 3,984 $ 122 $ 122 $ 2 $ 12,041 Dec ember 3 1 , 201 4 : Beginning balance $ 3,221 $ 16,414 $ 7,762 $ 416 $ 305 $ 6 $ 28,124 Provision (negative provision) (690 ) 6,395 1,364 25 31 (25 ) 7,100 Loans charged off (1,099 ) (13,846 ) (4,097 ) (335 ) (30 ) (19 ) (19,426 ) Recoveries 614 1,968 758 168 13 45 3,566 Ending balance $ 2,046 $ 10,931 $ 5,787 $ 274 $ 319 $ 7 $ 19,364 |
Impairment Evaluation of Financing Receivables [Table Text Block] | 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 $ 13 $ 35 $ 350 $ – $ 1 $ – $ 399 Collectively evaluated for impairment 462 4,859 3,076 8 161 2 8,568 Total ending allowance balance $ 475 $ 4,894 $ 3,426 $ 8 $ 162 $ 2 $ 8,967 Loans: Loans individually evaluated for impairment $ 595 $ 5,854 $ 8,621 $ 1 $ 60 $ – $ 15,131 Loans collectively evaluated for impairment 97,166 251,529 227,668 9,817 37,448 477 624,105 Total ending loans balance $ 97,761 $ 257,383 $ 236,289 $ 9,818 $ 37,508 $ 477 $ 639,236 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 Financing Receivables [Table Text Block] | Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 707 $ 495 $ — $ 758 $ 39 $ 39 Commercial real estate: Construction — — — 156 9 — Farmland 5,566 3,742 — 4,188 94 95 Nonfarm nonresidential 4,502 1,219 — 4,699 310 189 Residential real estate: Multi-family 4,100 4,100 — 2,608 287 1 1-4 Family 4,663 2,910 — 5,509 162 94 Consumer 41 1 — 7 8 8 Agriculture — — — 73 28 28 Other — — — — — — Subtotal 19,579 12,467 — 17,998 937 454 With An Allowance Recorded: Commercial 100 100 13 20 6 — Commercial real estate: Construction — — — — — — Farmland 614 590 5 358 — — Nonfarm nonresidential 303 303 30 398 23 — Residential real estate: Multi-family — — — 2,506 101 — 1-4 Family 1,676 1,611 350 1,659 111 — Consumer — — — — — — Agriculture 78 60 1 39 — — Other — — — — — — Subtotal 2,771 2,664 399 4,980 241 — Total $ 22,350 $ 15,131 $ 399 $ 22,978 $ 1,178 $ 454 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 1,558 $ 1,112 $ — $ 1,526 $ 5 $ 5 Commercial real estate: Construction 278 262 — 1,993 14 1 Farmland 6,004 4,263 — 4,497 114 114 Nonfarm nonresidential 11,256 7,829 — 16,073 263 9 Residential real estate: Multi-family 32 32 — 35 — — 1-4 Family 14,066 11,756 — 13,584 456 99 Consumer 118 20 — 23 — — Agriculture 260 152 — 206 — — Other — — — 49 5 5 Subtotal 33,572 25,426 — 37,986 857 233 With An Allowance Recorded: Commercial — — — 13 — — Commercial real estate: Construction — — — — — — Farmland — — — 63 — — Nonfarm nonresidential 574 465 43 4,591 25 — Residential real estate: Multi-family 4,195 4,195 57 4,229 204 — 1-4 Family 1,690 1,690 328 1,705 89 — Consumer — — — 8 — — Agriculture — — — — — — Other — — — — — — Subtotal 6,459 6,350 428 10,609 318 — Total $ 40,031 $ 31,776 $ 428 $ 48,595 $ 1,175 $ 233 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 2,546 $ 1,978 $ — $ 2,256 $ 64 $ 55 Commercial real estate: Construction 4,714 4,100 — 5,446 12 — Farmland 6,636 4,739 — 6,150 75 75 Nonfarm nonresidential 34,437 22,418 — 39,852 693 128 Residential real estate: Multi-family 81 81 — 1,664 — — 1-4 Family 18,496 15,266 — 22,670 676 226 Consumer 93 29 — 14 — — Agriculture 276 263 — 277 3 3 Other 367 122 — 255 16 13 Subtotal 67,646 48,996 — 78,584 1,539 500 With An Allowance Recorded: Commercial 145 44 33 961 23 — Commercial real estate: Construction — — — 589 16 — Farmland 658 315 38 112 — — Nonfarm nonresidential 19,454 16,569 453 13,933 360 — Residential real estate: Multi-family 4,266 4,266 91 4,426 180 — 1-4 Family 1,791 1,771 136 1,840 78 — Consumer 32 32 1 49 3 — Agriculture — — — — — — Other — — — — — — Subtotal 26,346 22,997 752 21,910 660 — Total $ 93,992 $ 71,993 $ 752 $ 100,494 $ 2,199 $ 500 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2016 Commercial Rate reduction $ — $ 33 $ 33 Principal deferral — 434 434 Commercial Real Estate: Farmland Principal deferral — 2,300 2,300 Nonfarm nonresidential Rate reduction 507 — 507 Principal deferral — 607 607 Residential Real Estate: Multi-family Rate reduction 4,100 — 4,100 1-4 Family Rate reduction 743 — 743 Total TDRs $ 5,350 $ 3,374 $ 8,724 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 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | Nonaccrual Loans Past Due 90 Days And Over Still Accruing 201 6 201 5 201 6 201 5 (in thousands) Commercial $ 495 $ 1,112 $ — $ — Commercial Real Estate: Construction — — — — Farmland 4,332 4,263 — — Nonfarm nonresidential 1,016 2,657 — — Residential Real Estate: Multi-family — 32 — — 1-4 Family 3,312 5,851 — — Consumer 1 20 — — Agriculture 60 152 — — Other — — — — Total $ 9,216 $ 14,087 $ — $ — |
Past Due Financing Receivables [Table Text Block] | 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, 201 6 Commercial $ — $ — $ — $ 495 $ 495 Commercial Real Estate: Construction — — — — — Farmland 626 — — 4,332 4,958 Nonfarm nonresidential — 59 — 1,016 1,075 Residential Real Estate: Multi-family — — — — — 1-4 Family 1,454 256 — 3,312 5,022 Consumer 19 — — 1 20 Agriculture 203 — — 60 263 Other — — — — — Total $ 2,302 $ 315 $ — $ 9,216 $ 11,833 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, 201 5 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 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 201 6 Commercial $ 96,402 $ 294 $ — $ 1,065 $ — $ 97,761 Commercial Real Estate: Construction 35,823 507 — — — 36,330 Farmland 63,323 1,521 — 6,663 — 71,507 Nonfarm nonresidential 142,222 5,217 445 1,662 — 149,546 Residential Real Estate: Multi-family 38,281 6,080 — 3,836 — 48,197 1-4 Family 173,565 6,909 52 7,566 — 188,092 Consumer 9,397 348 — 73 — 9,818 Agriculture 26,940 9,555 — 1,013 — 37,508 Other 477 — — — — 477 Total $ 586,430 $ 30,431 $ 497 $ 21,878 $ — $ 639,236 Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 201 5 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 |
Note 4 - Premise and Equipment
Note 4 - Premise and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | 201 6 201 5 (in thousands) Land and buildings $ 23,515 $ 24,651 Furniture and equipment 10,050 10,719 33,565 35,370 Accumulated depreciation (15,717 ) (16,558 ) $ 17,848 $ 18,812 |
Note 5 - Other Real Estate Ow34
Note 5 - Other Real Estate Owned (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Real Estate Properties [Table Text Block] | 201 6 201 5 (in thousands) Commercial Real Estate: Construction, land development, and other land $ 6,571 $ 12,749 Nonfarm nonresidential — 6,967 Residential Real Estate: 1-4 Family 250 128 6,821 19,844 Valuation allowance — (630 ) $ 6,821 $ 19,214 |
Schedule of Valuation Allowance and Activity Related to Foreclosed Real Estate [Table Text Block] | 2016 2015 2014 (in thousands) Beginning balance $ 630 $ 1,066 $ 230 Provision to allowance 1,180 9,855 4,255 Write-downs (1,810 ) (10,291 ) (3,419 ) Ending balance $ — $ 630 $ 1,066 |
Schedule of Expenses Related to Foreclosed Real Estate [Table Text Block] | 201 6 201 5 20 14 (in thousands) OREO Activity OREO as of January 1 $ 19,214 $ 46,197 $ 30,892 Real estate acquired 1,273 5,513 32,338 Valuation adjustments for declining market values (1,180 ) (9,855 ) (4,255 ) Net gain (loss) on sale 222 (74 ) 306 Proceeds from sale of properties (12,708 ) (22,567 ) (13,084 ) OREO as of December 31 $ 6,821 $ 19,214 $ 46,197 |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | 201 6 201 5 20 14 (in thousands) Net (gain) loss on sales $ (222 ) $ 74 $ (306 ) Provision to allowance 1,180 9,855 4,255 Operating expense 583 2,373 1,890 Total $ 1,541 $ 12,302 $ 5,839 |
Note 6 - Intangible Assets (Tab
Note 6 - Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] | 201 6 201 5 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization (in thousands) Amortized intangible assets: Core deposit intangibles $ 4,183 $ 4,074 $ 4,183 $ 3,740 |
Note 7 - Deposits (Tables)
Note 7 - Deposits (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Deposits [Table Text Block] | December 31, 201 6 December 31, 201 5 (in thousands) Non-interest bearing $ 124,395 $ 120,043 Interest checking 103,876 97,515 Money market 142,497 125,935 Savings 34,518 34,677 Certificates of deposit 444,639 499,827 Total $ 849,925 $ 877,997 |
Schedule of Maturities of Time Deposits [Table Text Block] | Total 2017 $ 278,459 2018 97,471 2019 29,623 2020 32,782 2021 6,304 Thereafter — $ 444,639 |
Note 8 - Advances From the Fe37
Note 8 - Advances From the Federal Home Loan Bank (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | 201 6 201 5 (in thousands) Advances with fixed rates from 0.00% to 5.25% and maturities ranging from 2017 through 2033, averaging 0.85% for 2016 and 2.65% for 2015 $ 22,458 $ 3,081 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Advances 2017 $ 20,586 2018 265 2019 185 2020 486 2021 729 Thereafter 207 $ 22,458 |
Note 10 - Junior Subordinated38
Note 10 - Junior Subordinated Debentures (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Subordinated Borrowing [Table Text Block] | Description Issuance Date Interest Rate (1) Junior Subordinated Debt Owed To Trust Maturity Date (2) Porter Statutory Trust II 2/13/2004 3-month LIBOR + 2.85% $ 5,000,000 2/13/2034 Porter Statutory Trust III 4/15/2004 3-month LIBOR + 2.79% 3,000,000 4/15/2034 Porter Statutory Trust IV 12/14/2006 3-month LIBOR + 1.67% 10,000,000 3/01/2037 Ascencia Statutory Trust I 2/13/2004 3-month LIBOR + 2.85% 3,000,000 2/13/2034 $ 21,000,000 |
Note 12 - Income Taxes (Tables)
Note 12 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 201 6 201 5 20 14 (in thousands) Current $ 21 $ — $ — Deferred 2,771 5,258 2,151 Net operating loss (4,009 ) (5,975 ) (6,651 ) Change in valuation allowance 1,238 717 2,917 $ 21 $ — $ (1,583 ) |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 201 6 201 5 20 14 (in thousands) Federal statutory rate times financial statement income (loss) $ (956 ) $ (1,125 ) $ (4,458 ) Effect of: Valuation allowance 1,238 717 2,917 Tax-exempt income (211 ) (264 ) (319 ) Nontaxable life insurance income (146 ) (103 ) (97 ) Other, net 96 775 374 Total $ 21 $ — $ (1,583 ) |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 201 6 201 5 (in thousands) Deferred tax assets: Net operating loss carry-forward $ 42,094 $ 38,085 Allowance for loan losses 3,139 4,214 Other real estate owned write-down 3,366 7,619 Alternative minimum tax credit carry-forward 692 692 Net assets from acquisitions 674 671 Net unrealized loss on securities 867 166 New market tax credit carry-forward 208 208 Nonaccrual loan interest 481 549 Accrued expenses 3,860 990 Other 825 885 56,206 54,079 Deferred tax liabilities: FHLB stock dividends 928 928 Fixed assets 89 176 Other 1,140 865 2,157 1,969 Net deferred tax assets before valuation allowance 54,049 52,110 Valuation allowance (54,049 ) (52,110 ) Net deferred tax asset $ — $ — |
Note 13 - Related Party Trans40
Note 13 - Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | Beginning balance $ — New loans 997 Repayments (997 ) Ending balance $ — |
Note 15 - Capital Requirement41
Note 15 - Capital Requirements and Restrictions of Retained Earnings (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Regulatory Minimums for Capital Adequacy Purposes Amount Ratio Amount Ratio As of December 31, 2016: Total risk-based capital (to risk- weighted assets) Consolidated $ 71,109 10.21 % $ 55,714 8.00 % Bank 68,773 9.88 55,663 8.00 Total common equity Tier I risk- based capital (to risk-weighted assets) Consolidated 36,199 5.20 31,339 4.50 Bank 57,642 8.28 31,311 4.50 Tier I capital (to risk-weighted assets) Consolidated 48,713 6.99 41,786 6.00 Bank 57,642 8.28 41,747 6.00 Tier I capital (to average assets) Consolidated 48,713 5.27 36,975 4.00 Bank 57,642 6.24 36,949 4.00 Actual Regulatory Minimums for Capital Adequacy Purposes Amount Ratio Amount Ratio As of December 31, 2015: Total risk-based capital (to risk- weighted assets) Consolidated $ 68,530 10.46 % $ 52,436 8.00 % Bank 69,250 10.58 52,347 8.00 Total common equity Tier 1 risk- based capital (to risk weighted assets) Consolidated 33,368 5.09 29,495 4.50 Bank 57,873 8.84 29,445 4.50 Tier I capital (to risk-weighted assets) Consolidated 45,174 6.89 39,327 6.00 Bank 57,873 8.84 39,260 6.00 Tier I capital (to average assets) Consolidated 45,174 4.74 38,131 4.00 Bank 57,873 6.08 38,085 4.00 |
Banker's Acceptance Disclosures [Table Text Block] | Actual as of December 31, 2016 Ratio Required by Consent Order Amount Ratio Amount Ratio Total capital to risk-weighted assets $ 68,773 9.88 % $ 83,495 12.00 % Tier I capital to average assets 57,642 6.24 83,135 9.00 |
Note 16 - Loans Commitments a42
Note 16 - Loans Commitments and Financial Guarntees (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | 201 6 201 5 Fixed Rate Variable Rate Fixed Rate Variable Rate (in thousands) Commitments to make loans $ 19,445 $ 18,347 $ 2,475 $ 9,763 Unused lines of credit 7,935 51,407 12,212 48,648 Standby letters of credit 582 360 950 1,220 |
Note 17 - Fair Values (Tables)
Note 17 - Fair Values (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | Fair Value Measurements at December 31, 201 6 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities U.S. Government and federal agency $ 34,099 $ — $ 34,099 $ — Agency mortgage-backed: residential 102,353 — 102,353 — Collateralized loan obligations 11,203 — 11,203 — State and municipal 2,045 — 2,045 — Corporate bonds 3,090 — 3,090 — Total $ 152,790 $ — $ 152,790 $ — Fair Value Measurements at December 31, 201 5 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities U.S. Government and federal agency $ 33,262 $ — $ 33,262 $ — Agency mortgage-backed: residential 102,662 — 102,662 — State and municipal 6,861 — 6,861 — Corporate bonds 2,193 — 2,193 — Total $ 144,978 $ — $ 144,978 $ — Fair Value Measurements at December 31, 201 6 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ 87 $ — $ — $ 87 Commercial real estate: Construction — — — — Farmland 585 — — 585 Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 1,261 — — 1,261 Consumer — — — — Agriculture 59 — — 59 Other — — — — Other real estate owned, net : Commercial real estate: Construction 6,571 — — 6,571 Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 250 — — 250 Fair Value Measurements at December 31, 201 5 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ — $ — $ — $ — Commercial real estate: Construction — — — — Farmland — — — — Nonfarm nonresidential 139 — — 139 Residential real estate: Multi-family — — — — 1-4 Family 1,362 — — 1,362 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned, net : Commercial real estate: Construction 12,344 — — 12,344 Farmland — — — — Nonfarm nonresidential 6,746 — — 6,746 Residential real estate: Multi-family — — — — 1-4 Family 124 — — 124 |
Fair Value Assets Measured on Nonrecurring Basis Unobservable Input Reconciliation [Table Text Block] | Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) (in thousands) Impaired loans – Residential real estate $ 1,261 Sales comparison approach Adjustment for differences between the comparable sales 0% - 22% (9%) Other real estate owned – Commercial real estate $ 6,571 Sales comparison approach Adjustment for differences between the comparable sales 0% - 20% Income approach Discount or capitalization rate 18% - 20% (19%) Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) (in thousands) Impaired loans – Residential real estate $ 1,362 Sales comparison approach Adjustment for differences between the comparable sales 1% - 16% (7%) Other real estate owned – Commercial real estate $ 19,090 Sales comparison approach Adjustment for differences between the comparable sales 0% - 30% (12%) Income approach Discount or capitalization rate 10% - 20% (17%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at December 31, 2016 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 66,316 $ 31,091 $ 35,225 $ — $ 66,316 Securities available for sale 152,790 — 152,790 — 152,790 Securities held to maturity 41,818 — 43,072 — 43,072 Federal Home Loan Bank stock 7,323 N/A N/A N/A N/A Loans held for sale — — — — — Loans, net 630,269 — — 632,528 632,528 Accrued interest receivable 3,137 — 1,203 1,934 3,137 Financial liabilities Deposits $ 849,925 $ 124,395 $ 712,458 $ — $ 836,853 Federal Home Loan Bank advances 22,458 — 22,475 — 22,475 Subordinated capital notes 3,150 — — 3,091 3,091 Junior subordinated debentures 21,000 — — 13,263 13,263 Accrued interest payable 734 — 369 365 734 Fair Value Measurements at December 31, 2015 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 93,335 $ 79,498 $ 13,837 $ — $ 93,335 Securities available for sale 144,978 — 144,978 — 144,978 Securities held to maturity 42,075 — 44,253 — 44,253 Federal Home Loan Bank stock 7,323 N/A N/A N/A N/A Loans held for sale 186 — 186 — 186 Loans, net 606,625 — — 614,162 614,162 Accrued interest receivable 3,116 — 1,111 2,005 3,116 Financial liabilities Deposits $ 877,997 $ 120,043 $ 739,152 $ — $ 859,195 Federal Home Loan Bank advances 3,081 — 3,076 — 3,076 Subordinated capital notes 4,050 — — 3,933 3,933 Junior subordinated debentures 21,000 — — 12,810 12,810 Accrued interest payable 2,805 — 422 2,383 2,805 |
Note 18 - Stock Plans and Sto44
Note 18 - Stock Plans and Stock Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Nonvested Share Activity [Table Text Block] | Twelve Months Ended Twelve Months Ended December 31 , 201 6 December 31, 201 5 Weighted Weighted Average Average Grant Grant Shares Price Shares Price Outstanding, beginning 184,482 $ 4.81 155,097 $ 6.65 Granted 35,465 9.10 183,148 4.57 Vested (38,462 ) 8.32 (57,196 ) 6.65 Terminated — — (90,199 ) 6.26 Forfeited (1,972 ) 6.16 (6,368 ) 5.63 Outstanding, ending 179,513 $ 4.89 184,482 $ 4.81 |
Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block] | 2017 $ 197 2018 190 2019 30 2020 & thereafter 9 |
Note 19 - Earnings (Loss) Per45
Note 19 - Earnings (Loss) Per Share (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | 201 6 201 5 201 4 (in thousands, except share and per share data) Net income (loss) $ (2,753 ) $ (3,213 ) $ (11,155 ) Less: Preferred stock dividends — — 2,362 Effect of preferred stock exchange — — (36,104 ) Earnings (losses) allocated to unvested shares (88 ) (122 ) 1,435 Earnings (losses) allocated to participating preferred shares — (214 ) 1,724 Net income (loss) attributable to common shareholders, basic and diluted $ (2,665 ) $ (2,877 ) $ 19,428 Basic Weighted average common shares including unvested common shares and participating preferred shares outstanding 5,980,945 5,191,944 2,846,188 Less: Weighted average unvested common shares 192,232 197,355 180,842 Weighted average Series B Preferred Shares — 133,269 59,971 Weighted average Series C Preferred Shares — — 61,654 Weighted average Series D Preferred Shares — 212,318 95,543 Weighted average common shares outstanding 5,788,713 4,649,002 2,448,178 Basic income (loss) per common share $ (0.46 ) $ (0.62 ) $ 7.94 Diluted Add: Dilutive effects of assumed exercises of common stock warrants — — — Weighted average common shares and potential common shares 5,788,713 4,649,002 2,448,178 Diluted income (loss) per common share $ (0.46 ) $ (0.62 ) $ 7.94 |
Note 20 - Parent Company Only46
Note 20 - Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Condensed Balance Sheet [Table Text Block] | 201 6 201 5 (in thousands) ASSETS Cash and cash equivalents $ 2,048 $ 986 Investment in banking subsidiary 51,528 55,642 Investment in and advances to other subsidiaries 776 3,360 Other assets 645 734 Total assets $ 54,997 $ 60,722 LIABILITIES AND SHAREHOLDERS’ EQUITY Debt $ 21,775 $ 25,775 Accrued expenses and other liabilities 489 2,930 Shareholders’ equity 32,733 32,017 Total liabilities and shareholders’ equity $ 54,997 $ 60,722 |
Condensed Income Statement [Table Text Block] | 201 6 201 5 201 4 (in thousands) Interest income $ 5 $ 46 $ 53 Dividends from subsidiaries 23 20 19 Other income 17 102 44 Interest expense (694 ) (647 ) (631 ) Other expense (1,240 ) (1,457 ) (1,765 ) Loss before income tax and undistributed subsidiary income (1,889 ) (1,936 ) (2,280 ) Income tax expense 21 — 13 Equity in undistributed subsidiary income (loss) (843 ) (1,277 ) (8,862 ) Net loss $ (2,753 ) $ (3,213 ) $ (11,155 ) |
Condensed Cash Flow Statement [Table Text Block] | 201 6 201 5 20 14 (in thousands) Cash flows from operating activities Net loss $ (2,753 ) $ (3,213 ) $ (11,155 ) Adjustments: Equity in undistributed subsidiary (income) loss 843 1,277 8,862 Gain on sale of assets — (70 ) (44 ) Tax expense from OCI components — — 13 Change in other assets (95 ) (40 ) (26 ) Change in other liabilities 358 634 1,040 Other 978 481 591 Net cash (used in) operating activities (669 ) (931 ) (719 ) Cash flows from investing activities Investments in subsidiaries (500 ) — — Sales of securities — 642 179 Net cash (used in) from investing activities (500 ) 642 179 Cash flows from financing activities Proceeds from issuance of common stock 2,231 — — Dividends paid on preferred stock — — — Dividends paid on common stock — — — Net cash (used in) financing activities 2,231 — — Net change in cash and cash equivalents 1,062 (289 ) (540 ) Beginning cash and cash equivalents 986 1,275 1,815 Ending cash and cash equivalents $ 2,048 $ 986 $ 1,275 |
Note 21 - Quarterly Financial47
Note 21 - Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Quarterly Financial Information [Table Text Block] | Earnings (Loss) Per Common Share Interest Income Net Interest Income Provision For Loan Losses OREO Expense Net Income (Loss) Basic (1) Diluted (1) (in thousands, except per share data) 201 6 First quarter $ 9,185 $ 7,651 $ (550 ) $ 668 $ 1,480 $ 0.27 $ 0.27 Second quarter 8,705 7,196 (600 ) 294 1,012 0.17 0.17 Third quarter 8,931 7,458 (750 ) 322 1,393 0.22 0.22 Fourth quarter 8,781 7,316 (550 ) 257 (6,638 ) (2) (1.07 ) (1.07 ) 201 5 First quarter $ 9,203 $ 7,290 $ — $ 733 $ 594 $ 0.12 $ 0.12 Second quarter 9,167 7,339 — 2,932 (2,130 ) (3) (0.41 ) (0.41 ) Third quarter 9,179 7,482 (2,200 ) 5,131 (1,076 ) (4) (0.21 ) (0.21 ) Fourth quarter 9,025 7,440 (2,300 ) 3,506 (601 ) (4) (0.11 ) (0.11 ) |
Note 1 - Summary of Significa48
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Feb. 25, 2015 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% | |||||
Pledged Assets, Other, Not Separately Reported on Statement of Financial Position | $ 9,800 | |||||
Derivative, Remaining Maturity | 60 days | |||||
Class of Warrant or Right to Purchase Common Shares, Cancelled | 159,783 | |||||
Class of Warrant or Right to Purchase Common Shares, Cancelled, Value | $ 45,700 | |||||
Stock Issued | $ 9,600 | $ 2,799 | ||||
Stockholders' Equity, Period Increase (Decrease) | $ 7,400 | |||||
Series B Preferred Stock [Member] | ||||||
Conversion of Stock, Shares Converted | 40,536 | |||||
Series D Preferred Stock [Member] | ||||||
Conversion of Stock, Shares Converted | 64,580 | |||||
Nonvoting Common Stock [Member] | ||||||
Conversion of Stock, Shares Converted | 1,291,600 | 1,291,600 | 1,291,600 | |||
Non-voting Noncumulative Non-convertible Series E Perpetual Preferred stock [Member] | ||||||
Conversion of Stock, Shares Converted | 6,198 | |||||
Preferred Stock, Dividend Rate, Percentage | 2.00% | |||||
Non-voting Noncumulative Non-convertible Series F Perpetual Preferred Stock [Member] | ||||||
Conversion of Stock, Shares Converted | 4,304 | |||||
Preferred Stock, Liquidation Preference Per Share | $ 1,000 | $ 1,000 | $ 1,000 | |||
Preferred Stock, Dividend Rate, Percentage | 2.00% | 2.00% | ||||
Common Stock [Member] | ||||||
Stockholders' Equity, Period Increase (Decrease) | $ 36,100 | |||||
Stock Issued During Period Shares Exchanged Preferred Stock for Common Stock | 2,102,320 | 364,286 | ||||
Conversion of Stock, Shares Converted | 810,720 | 810,720 | ||||
Minimum [Member] | Building [Member] | ||||||
Property, Plant and Equipment, Useful Life | 5 years | |||||
Minimum [Member] | Furniture and Fixtures [Member] | ||||||
Property, Plant and Equipment, Useful Life | 2 years | |||||
Maximum [Member] | ||||||
Ownership Percentage of Common Shares Outstanding | 9.90% | |||||
Maximum [Member] | Building [Member] | ||||||
Property, Plant and Equipment, Useful Life | 50 years | |||||
Maximum [Member] | Furniture and Fixtures [Member] | ||||||
Property, Plant and Equipment, Useful Life | 7 years | |||||
Commercial Portfolio Segment [Member] | ||||||
Loan Payments Delinquency Period Beyond Which Loans Considered Past Due | 90 days | |||||
Consumer Portfolio Segment [Member] | ||||||
Loan Payments Delinquency Period Beyond Which Loans Considered Past Due | 90 days |
Note 2 - Securities (Details Te
Note 2 - Securities (Details Textual) xbrli-pure in Thousands | 12 Months Ended | ||
Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | |
Available for Sale Securities, Realized Gain (Loss), Income Tax Expense (Benefit) | $ 76,000 | $ 618,000 | $ 46,000 |
Available-for-sale Securities Pledged as Collateral | 61,200,000 | 68,000,000 | |
Available-for-sale Securities | $ 152,790,000 | $ 144,978,000 | |
Concentration Risk Number | 0 | 0 | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 18,000 | $ 0 | |
Kentucky [Member] | |||
Available-for-sale Securities | 16,400,000 | 17,700,000 | |
Texas [Member] | |||
Available-for-sale Securities | $ 4,300,000 | $ 4,300,000 |
Note 2 - Securities - Amortized
Note 2 - Securities - Amortized Cost, Gross Unrealized Gains or Losses, and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Available for sale securities, amortized cost | $ 154,447 | $ 144,502 |
Available for sale securities, gross unrealized gains | 554 | 1,359 |
Available for sale securities, gross unrealized losses | (2,211) | (883) |
Securities available for sale | 152,790 | 144,978 |
Held to maturity securities, amortized cost | 41,818 | 42,075 |
Held to maturity securities, gross unrecognized gains | 1,272 | 2,178 |
Held to maturity securities, gross unrecognized losses | (18) | |
Securities held to maturity, fair value | 43,072 | 44,253 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 2,028 | 6,555 |
Available for sale securities, gross unrealized gains | 25 | 306 |
Available for sale securities, gross unrealized losses | (8) | |
Securities available for sale | 2,045 | 6,861 |
Held to maturity securities, amortized cost | 41,818 | 42,075 |
Held to maturity securities, gross unrecognized gains | 1,272 | 2,178 |
Held to maturity securities, gross unrecognized losses | (18) | |
Securities held to maturity, fair value | 43,072 | 44,253 |
US Treasury and Government [Member] | ||
Available for sale securities, amortized cost | 34,757 | 33,491 |
Available for sale securities, gross unrealized gains | 50 | 146 |
Available for sale securities, gross unrealized losses | (708) | (375) |
Securities available for sale | 34,099 | 33,262 |
Residential Mortgage Backed Securities [Member] | ||
Available for sale securities, amortized cost | 103,390 | 102,135 |
Available for sale securities, gross unrealized gains | 455 | 907 |
Available for sale securities, gross unrealized losses | (1,492) | (380) |
Securities available for sale | 102,353 | 102,662 |
Collateralized Debt Obligations [Member] | ||
Available for sale securities, amortized cost | 11,203 | |
Available for sale securities, gross unrealized gains | ||
Available for sale securities, gross unrealized losses | ||
Securities available for sale | 11,203 | |
Corporate Debt Securities [Member] | ||
Available for sale securities, amortized cost | 3,069 | 2,321 |
Available for sale securities, gross unrealized gains | 24 | |
Available for sale securities, gross unrealized losses | (3) | (128) |
Securities available for sale | $ 3,090 | $ 2,193 |
Note 2 - Securities - Sales and
Note 2 - Securities - Sales and Calls of Available for Sale Securities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Sales and calls of available for sale securities | $ 8,311 | $ 45,012 | $ 6,251 |
Gross gains | 245 | 1,902 | 132 |
Gross losses | $ 29 | $ 136 |
Note 2 - Securities - Amortiz52
Note 2 - Securities - Amortized Cost and Fair Value of Debt Investment Securities Portfolio by Contractual Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Within one year, amortized cost | $ 4,894 | |
Within one year, fair value | 4,917 | |
One to five years, amortized cost | 7,043 | |
One to five years, fair value | 7,049 | |
Five to ten years, amortized cost | 29,962 | |
Five to ten years, fair value | 29,313 | |
Beyond ten years, amortized cost | 9,158 | |
Beyond ten years, fair value | 9,158 | |
Agency mortgage-backed: residential, amortized cost | 103,390 | |
Agency mortgage-backed: residential, fair value | 102,353 | |
Total, amortized cost | 154,447 | |
Total, fair value | 152,790 | |
Within one year, amortized cost | 646 | |
Within one year, fair value | 648 | |
One to five years, amortized cost | 22,898 | |
One to five years, fair value | 23,497 | |
Five to ten years, amortized cost | 17,228 | |
Five to ten years, fair value | 17,822 | |
Beyond ten years, amortized cost | 1,046 | |
Beyond ten years, fair value | 1,105 | |
Total, amortized cost | 41,818 | $ 42,075 |
Total, fair value | $ 43,072 | $ 44,253 |
Note 2 - Securities - Securitie
Note 2 - Securities - Securities With Unrealized Losses (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Available for sale, fair value, less than 12 months | $ 91,663,000 | $ 44,130,000 |
Available for sale, unrealized loss, less than 12 months | (2,165,000) | (333,000) |
Available for sale, fair value, 12 months or more | 4,311,000 | 19,829,000 |
Available for sale, unrealized loss, 12 months or more | (46,000) | (550,000) |
Available for sale, fair value | 95,974,000 | 63,959,000 |
Available for sale, unrealized loss | (2,211,000) | (883,000) |
Held to Maturity, fair value, less than 12 months | 1,540,000 | |
Held to Maturity, unrealized loss, less than 12 months | (18,000) | |
Held to Maturity, fair value, 12 months or more | ||
Held to Maturity, unrealized loss, 12 months or more | ||
Held to Maturity, fair value | 1,540,000 | |
Held to Maturity, unrealized loss | (18,000) | 0 |
US Treasury and Government [Member] | ||
Available for sale, fair value, less than 12 months | 27,738,000 | 7,058,000 |
Available for sale, unrealized loss, less than 12 months | (708,000) | (44,000) |
Available for sale, fair value, 12 months or more | 14,527,000 | |
Available for sale, unrealized loss, 12 months or more | (331,000) | |
Available for sale, fair value | 27,738,000 | 21,585,000 |
Available for sale, unrealized loss | (708,000) | (375,000) |
Residential Mortgage Backed Securities [Member] | ||
Available for sale, fair value, less than 12 months | 63,460,000 | 36,325,000 |
Available for sale, unrealized loss, less than 12 months | (1,449,000) | (271,000) |
Available for sale, fair value, 12 months or more | 2,745,000 | 3,856,000 |
Available for sale, unrealized loss, 12 months or more | (43,000) | (109,000) |
Available for sale, fair value | 66,205,000 | 40,181,000 |
Available for sale, unrealized loss | (1,492,000) | (380,000) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale, fair value, less than 12 months | 465,000 | |
Available for sale, unrealized loss, less than 12 months | (8,000) | |
Available for sale, fair value, 12 months or more | ||
Available for sale, unrealized loss, 12 months or more | ||
Available for sale, fair value | 465,000 | |
Available for sale, unrealized loss | (8,000) | |
Held to Maturity, fair value, less than 12 months | 1,540,000 | |
Held to Maturity, unrealized loss, less than 12 months | (18,000) | |
Held to Maturity, fair value, 12 months or more | ||
Held to Maturity, unrealized loss, 12 months or more | ||
Held to Maturity, fair value | 1,540,000 | |
Held to Maturity, unrealized loss | (18,000) | |
Corporate Debt Securities [Member] | ||
Available for sale, fair value, less than 12 months | 747,000 | |
Available for sale, unrealized loss, less than 12 months | (18,000) | |
Available for sale, fair value, 12 months or more | 1,566,000 | 1,446,000 |
Available for sale, unrealized loss, 12 months or more | (3,000) | (110,000) |
Available for sale, fair value | 1,566,000 | 2,193,000 |
Available for sale, unrealized loss | $ (3,000) | $ (128,000) |
Note 3 - Loans (Details Textual
Note 3 - Loans (Details Textual) | 12 Months Ended | |
Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | |
Financing Receivable Modifications Percentage of Performing TDRs to Total TDRs | 61.00% | 83.00% |
Troubled Debt Restructuring Reserve | $ 197,000 | $ 179,000 |
Financing Receivable, Transfer Out from TDR, Recorded Investmentts | 5,000,000 | |
Minimum Outstanding Balance for Loans to be Qualified for Credit Risk Analysis | 500,000 | |
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 |
Note 3 - Loans - Loans (Details
Note 3 - Loans - Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 13, 2016 | Dec. 31, 2015 |
Gross loans | $ 639,236 | $ 639,236 | $ 618,666 |
Less: Allowance for loan losses | (8,967) | (12,041) | |
Loans, net | 630,269 | 606,625 | |
Commercial Portfolio Segment [Member] | |||
Gross loans | 97,761 | 97,761 | 86,176 |
Less: Allowance for loan losses | (475) | (818) | |
Commercial Real Estate Portfolio Segment [Member] | |||
Gross loans | 257,383 | 250,136 | |
Less: Allowance for loan losses | (4,894) | (6,993) | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Gross loans | 36,330 | 36,330 | 33,154 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | |||
Gross loans | 71,507 | 71,507 | 76,412 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 149,546 | 149,546 | 140,570 |
Residential Portfolio Segment [Member] | |||
Gross loans | 236,289 | 245,609 | |
Less: Allowance for loan losses | (3,426) | (3,984) | |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | |||
Gross loans | 48,197 | 48,197 | 44,131 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 188,092 | 188,092 | 201,478 |
Consumer Portfolio Segment [Member] | |||
Gross loans | 9,818 | 9,818 | 10,010 |
Less: Allowance for loan losses | (8) | (122) | |
Agriculture Portfolio Segment [Member] | |||
Gross loans | 37,508 | 37,508 | 26,316 |
Less: Allowance for loan losses | (162) | (122) | |
Other Portfolio Segment [Member] | |||
Gross loans | 477 | $ 477 | 419 |
Less: Allowance for loan losses | $ (2) | $ (2) |
Note 3 - Loans - Activity in Al
Note 3 - Loans - Activity in Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Balance | $ 12,041 | $ 19,364 | $ 12,041 | $ 19,364 | $ 28,124 | ||||||
Provision (negative provision) for loan losses | $ (550) | $ (750) | $ (600) | (550) | $ (2,300) | $ (2,200) | (2,450) | (4,500) | 7,100 | ||
Loans charged off | (2,629) | (6,132) | (19,426) | ||||||||
Recoveries | 2,005 | 3,309 | 3,566 | ||||||||
Balance | 8,967 | 12,041 | 8,967 | 12,041 | 19,364 | ||||||
Commercial Portfolio Segment [Member] | |||||||||||
Balance | 818 | 2,046 | 818 | 2,046 | 3,221 | ||||||
Provision (negative provision) for loan losses | (401) | (1,255) | (690) | ||||||||
Loans charged off | (276) | (696) | (1,099) | ||||||||
Recoveries | 334 | 723 | 614 | ||||||||
Balance | 475 | 818 | 475 | 818 | 2,046 | ||||||
Commercial Real Estate Portfolio Segment [Member] | |||||||||||
Balance | 6,993 | 10,931 | 6,993 | 10,931 | 16,414 | ||||||
Provision (negative provision) for loan losses | (2,438) | (2,713) | 6,395 | ||||||||
Loans charged off | (505) | (2,879) | (13,846) | ||||||||
Recoveries | 844 | 1,654 | 1,968 | ||||||||
Balance | 4,894 | 6,993 | 4,894 | 6,993 | 10,931 | ||||||
Residential Portfolio Segment [Member] | |||||||||||
Balance | 3,984 | 5,787 | 3,984 | 5,787 | 7,762 | ||||||
Provision (negative provision) for loan losses | 749 | (316) | 1,364 | ||||||||
Loans charged off | (1,652) | (2,171) | (4,097) | ||||||||
Recoveries | 345 | 684 | 758 | ||||||||
Balance | 3,426 | 3,984 | 3,426 | 3,984 | 5,787 | ||||||
Consumer Portfolio Segment [Member] | |||||||||||
Balance | 122 | 274 | 122 | 274 | 416 | ||||||
Provision (negative provision) for loan losses | (314) | (115) | 25 | ||||||||
Loans charged off | (99) | (221) | (335) | ||||||||
Recoveries | 299 | 184 | 168 | ||||||||
Balance | 8 | 122 | 8 | 122 | 274 | ||||||
Agriculture Portfolio Segment [Member] | |||||||||||
Balance | 122 | 319 | 122 | 319 | 305 | ||||||
Provision (negative provision) for loan losses | (56) | (87) | 31 | ||||||||
Loans charged off | (18) | (118) | (30) | ||||||||
Recoveries | 114 | 8 | 13 | ||||||||
Balance | 162 | 122 | 162 | 122 | 319 | ||||||
Other Portfolio Segment [Member] | |||||||||||
Balance | $ 2 | $ 7 | 2 | 7 | 6 | ||||||
Provision (negative provision) for loan losses | 10 | (14) | (25) | ||||||||
Loans charged off | (79) | (47) | (19) | ||||||||
Recoveries | 69 | 56 | 45 | ||||||||
Balance | $ 2 | $ 2 | $ 2 | $ 2 | $ 7 |
Note 3 - Loans - Balance in All
Note 3 - Loans - Balance in Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Bases on Impairment Method (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 13, 2016 | Dec. 31, 2015 |
Individually evaluated for impairment | $ 399 | $ 428 | |
Collectively evaluated for impairment | 8,568 | 11,613 | |
Total ending allowance balance | 8,967 | 12,041 | |
Loans individually evaluated for impairment | 15,131 | 31,776 | |
Loans collectively evaluated for impairment | 624,105 | 586,890 | |
Total ending loans balance | 639,236 | $ 639,236 | 618,666 |
Allowance for loan losses: | |||
Individually evaluated for impairment | 399 | 428 | |
Collectively evaluated for impairment | 8,568 | 11,613 | |
Total ending allowance balance | 8,967 | 12,041 | |
Loans individually evaluated for impairment | 15,131 | 31,776 | |
Loans collectively evaluated for impairment | 624,105 | 586,890 | |
Total ending loans balance | 639,236 | 639,236 | 618,666 |
Commercial Portfolio Segment [Member] | |||
Individually evaluated for impairment | 13 | 0 | |
Collectively evaluated for impairment | 462 | 818 | |
Total ending allowance balance | 475 | 818 | |
Loans individually evaluated for impairment | 595 | 1,112 | |
Loans collectively evaluated for impairment | 97,166 | 85,064 | |
Total ending loans balance | 97,761 | 97,761 | 86,176 |
Allowance for loan losses: | |||
Individually evaluated for impairment | 13 | 0 | |
Collectively evaluated for impairment | 462 | 818 | |
Total ending allowance balance | 475 | 818 | |
Loans individually evaluated for impairment | 595 | 1,112 | |
Loans collectively evaluated for impairment | 97,166 | 85,064 | |
Total ending loans balance | 97,761 | 97,761 | 86,176 |
Commercial Real Estate Portfolio Segment [Member] | |||
Individually evaluated for impairment | 35 | 43 | |
Collectively evaluated for impairment | 4,859 | 6,950 | |
Total ending allowance balance | 4,894 | 6,993 | |
Loans individually evaluated for impairment | 5,854 | 12,819 | |
Loans collectively evaluated for impairment | 251,529 | 237,317 | |
Total ending loans balance | 257,383 | 250,136 | |
Allowance for loan losses: | |||
Individually evaluated for impairment | 35 | 43 | |
Collectively evaluated for impairment | 4,859 | 6,950 | |
Total ending allowance balance | 4,894 | 6,993 | |
Loans individually evaluated for impairment | 5,854 | 12,819 | |
Loans collectively evaluated for impairment | 251,529 | 237,317 | |
Total ending loans balance | 257,383 | 250,136 | |
Residential Portfolio Segment [Member] | |||
Individually evaluated for impairment | 350 | 385 | |
Collectively evaluated for impairment | 3,076 | 3,599 | |
Total ending allowance balance | 3,426 | 3,984 | |
Loans individually evaluated for impairment | 8,621 | 17,673 | |
Loans collectively evaluated for impairment | 227,668 | 227,936 | |
Total ending loans balance | 236,289 | 245,609 | |
Allowance for loan losses: | |||
Individually evaluated for impairment | 350 | 385 | |
Collectively evaluated for impairment | 3,076 | 3,599 | |
Total ending allowance balance | 3,426 | 3,984 | |
Loans individually evaluated for impairment | 8,621 | 17,673 | |
Loans collectively evaluated for impairment | 227,668 | 227,936 | |
Total ending loans balance | 236,289 | 245,609 | |
Consumer Portfolio Segment [Member] | |||
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 8 | 122 | |
Total ending allowance balance | 8 | 122 | |
Loans individually evaluated for impairment | 1 | 20 | |
Loans collectively evaluated for impairment | 9,817 | 9,990 | |
Total ending loans balance | 9,818 | 9,818 | 10,010 |
Allowance for loan losses: | |||
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 8 | 122 | |
Total ending allowance balance | 8 | 122 | |
Loans individually evaluated for impairment | 1 | 20 | |
Loans collectively evaluated for impairment | 9,817 | 9,990 | |
Total ending loans balance | 9,818 | 9,818 | 10,010 |
Agriculture Portfolio Segment [Member] | |||
Individually evaluated for impairment | 1 | 0 | |
Collectively evaluated for impairment | 161 | 122 | |
Total ending allowance balance | 162 | 122 | |
Loans individually evaluated for impairment | 60 | 152 | |
Loans collectively evaluated for impairment | 37,448 | 26,164 | |
Total ending loans balance | 37,508 | 37,508 | 26,316 |
Allowance for loan losses: | |||
Individually evaluated for impairment | 1 | 0 | |
Collectively evaluated for impairment | 161 | 122 | |
Total ending allowance balance | 162 | 122 | |
Loans individually evaluated for impairment | 60 | 152 | |
Loans collectively evaluated for impairment | 37,448 | 26,164 | |
Total ending loans balance | 37,508 | 37,508 | 26,316 |
Other Portfolio Segment [Member] | |||
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 2 | 2 | |
Total ending allowance balance | 2 | 2 | |
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 477 | 419 | |
Total ending loans balance | 477 | 477 | 419 |
Allowance for loan losses: | |||
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 2 | 2 | |
Total ending allowance balance | 2 | 2 | |
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 477 | 419 | |
Total ending loans balance | $ 477 | $ 477 | $ 419 |
Note 3 - Loans - Loans Individu
Note 3 - Loans - Loans Individually Evaluated for Impairment by Class of Loans (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Unpaid principal balance, with no related allowance recorded | $ 19,579 | $ 33,572 | $ 67,646 |
Recorded investment, with no related allowance recorded | 12,467 | 25,426 | 48,996 |
Average recorded investment, with no related allowance recorded | 17,998 | 37,986 | 78,584 |
Interest income recognized, with no related allowance recorded | 937 | 857 | 1,539 |
Cash basis interest income recognized, with no related allowance recorded | 454 | 233 | 500 |
Unpaid principal balance, with an allowance recorded | 2,771 | 6,459 | 26,346 |
Recorded investment, with an allowance recorded | 2,664 | 6,350 | 22,997 |
Allowance for loan losses allocated, with an allowance recorded | 399 | 428 | 752 |
Average recorded investment, with an allowance recorded | 4,980 | 10,609 | 21,910 |
Interest income recognized, with an allowance recorded | 241 | 318 | 660 |
Cash basis interest income recognized, with an allowance recorded | |||
Unpaid principal balance, total | 22,350 | 40,031 | 93,992 |
Recorded investment, total | 15,131 | 31,776 | 71,993 |
Average recorded investment, total | 22,978 | 48,595 | 100,494 |
Interest income recognized, total | 1,178 | 1,175 | 2,199 |
Cash basis interest income recognized | 454 | 233 | 500 |
Commercial Portfolio Segment [Member] | |||
Unpaid principal balance, with no related allowance recorded | 707 | 1,558 | 2,546 |
Recorded investment, with no related allowance recorded | 495 | 1,112 | 1,978 |
Average recorded investment, with no related allowance recorded | 758 | 1,526 | 2,256 |
Interest income recognized, with no related allowance recorded | 39 | 5 | 64 |
Cash basis interest income recognized, with no related allowance recorded | 39 | 5 | 55 |
Unpaid principal balance, with an allowance recorded | 100 | 0 | 145 |
Recorded investment, with an allowance recorded | 100 | 0 | 44 |
Allowance for loan losses allocated, with an allowance recorded | 13 | 0 | 33 |
Average recorded investment, with an allowance recorded | 20 | 13 | 961 |
Interest income recognized, with an allowance recorded | 6 | 0 | 23 |
Cash basis interest income recognized, with an allowance recorded | 0 | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Unpaid principal balance, with no related allowance recorded | 278 | 4,714 | |
Recorded investment, with no related allowance recorded | 262 | 4,100 | |
Average recorded investment, with no related allowance recorded | 156 | 1,993 | 5,446 |
Interest income recognized, with no related allowance recorded | 9 | 14 | 12 |
Cash basis interest income recognized, with no related allowance recorded | 1 | ||
Unpaid principal balance, with an allowance recorded | 0 | 0 | 0 |
Recorded investment, with an allowance recorded | 0 | 0 | 0 |
Allowance for loan losses allocated, with an allowance recorded | 0 | 0 | 0 |
Average recorded investment, with an allowance recorded | 0 | 0 | 589 |
Interest income recognized, with an allowance recorded | 0 | 0 | 16 |
Cash basis interest income recognized, with an allowance recorded | 0 | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | |||
Unpaid principal balance, with no related allowance recorded | 5,566 | 6,004 | 6,636 |
Recorded investment, with no related allowance recorded | 3,742 | 4,263 | 4,739 |
Average recorded investment, with no related allowance recorded | 4,188 | 4,497 | 6,150 |
Interest income recognized, with no related allowance recorded | 94 | 114 | 75 |
Cash basis interest income recognized, with no related allowance recorded | 95 | 114 | 75 |
Unpaid principal balance, with an allowance recorded | 614 | 658 | |
Recorded investment, with an allowance recorded | 590 | 315 | |
Allowance for loan losses allocated, with an allowance recorded | 5 | 38 | |
Average recorded investment, with an allowance recorded | 358 | 63 | 112 |
Interest income recognized, with an allowance recorded | 0 | 0 | 0 |
Cash basis interest income recognized, with an allowance recorded | |||
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | |||
Unpaid principal balance, with no related allowance recorded | 4,502 | 11,256 | 34,437 |
Recorded investment, with no related allowance recorded | 1,219 | 7,829 | 22,418 |
Average recorded investment, with no related allowance recorded | 4,699 | 16,073 | 39,852 |
Interest income recognized, with no related allowance recorded | 310 | 263 | 693 |
Cash basis interest income recognized, with no related allowance recorded | 189 | 9 | 128 |
Unpaid principal balance, with an allowance recorded | 303 | 574 | 19,454 |
Recorded investment, with an allowance recorded | 303 | 465 | 16,569 |
Allowance for loan losses allocated, with an allowance recorded | 30 | 43 | 453 |
Average recorded investment, with an allowance recorded | 398 | 4,591 | 13,933 |
Interest income recognized, with an allowance recorded | 23 | 25 | 360 |
Cash basis interest income recognized, with an allowance recorded | |||
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | |||
Unpaid principal balance, with no related allowance recorded | 4,100 | 32 | 81 |
Recorded investment, with no related allowance recorded | 4,100 | 32 | 81 |
Average recorded investment, with no related allowance recorded | 2,608 | 35 | 1,664 |
Interest income recognized, with no related allowance recorded | 287 | ||
Cash basis interest income recognized, with no related allowance recorded | 1 | ||
Unpaid principal balance, with an allowance recorded | 4,195 | 4,266 | |
Recorded investment, with an allowance recorded | 4,195 | 4,266 | |
Allowance for loan losses allocated, with an allowance recorded | 57 | 91 | |
Average recorded investment, with an allowance recorded | 2,506 | 4,229 | 4,426 |
Interest income recognized, with an allowance recorded | 101 | 204 | 180 |
Cash basis interest income recognized, with an allowance recorded | |||
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | |||
Unpaid principal balance, with no related allowance recorded | 4,663 | 14,066 | 18,496 |
Recorded investment, with no related allowance recorded | 2,910 | 11,756 | 15,266 |
Average recorded investment, with no related allowance recorded | 5,509 | 13,584 | 22,670 |
Interest income recognized, with no related allowance recorded | 162 | 456 | 676 |
Cash basis interest income recognized, with no related allowance recorded | 94 | 99 | 226 |
Unpaid principal balance, with an allowance recorded | 1,676 | 1,690 | 1,791 |
Recorded investment, with an allowance recorded | 1,611 | 1,690 | 1,771 |
Allowance for loan losses allocated, with an allowance recorded | 350 | 328 | 136 |
Average recorded investment, with an allowance recorded | 1,659 | 1,705 | 1,840 |
Interest income recognized, with an allowance recorded | 111 | 89 | 78 |
Cash basis interest income recognized, with an allowance recorded | |||
Consumer Portfolio Segment [Member] | |||
Unpaid principal balance, with no related allowance recorded | 41 | 118 | 93 |
Recorded investment, with no related allowance recorded | 1 | 20 | 29 |
Average recorded investment, with no related allowance recorded | 7 | 23 | 14 |
Interest income recognized, with no related allowance recorded | 8 | ||
Cash basis interest income recognized, with no related allowance recorded | 8 | ||
Unpaid principal balance, with an allowance recorded | 0 | 0 | 32 |
Recorded investment, with an allowance recorded | 0 | 0 | 32 |
Allowance for loan losses allocated, with an allowance recorded | 0 | 0 | 1 |
Average recorded investment, with an allowance recorded | 8 | 49 | |
Interest income recognized, with an allowance recorded | 0 | 0 | 3 |
Cash basis interest income recognized, with an allowance recorded | 0 | 0 | 0 |
Agriculture Portfolio Segment [Member] | |||
Unpaid principal balance, with no related allowance recorded | 260 | 276 | |
Recorded investment, with no related allowance recorded | 152 | 263 | |
Average recorded investment, with no related allowance recorded | 73 | 206 | 277 |
Interest income recognized, with no related allowance recorded | 28 | 0 | 3 |
Cash basis interest income recognized, with no related allowance recorded | 28 | 3 | |
Unpaid principal balance, with an allowance recorded | 78 | ||
Recorded investment, with an allowance recorded | 60 | ||
Allowance for loan losses allocated, with an allowance recorded | 1 | ||
Average recorded investment, with an allowance recorded | 39 | ||
Interest income recognized, with an allowance recorded | 0 | 0 | 0 |
Cash basis interest income recognized, with an allowance recorded | |||
Other Portfolio Segment [Member] | |||
Unpaid principal balance, with no related allowance recorded | 0 | 0 | 367 |
Recorded investment, with no related allowance recorded | 0 | 0 | 122 |
Average recorded investment, with no related allowance recorded | 49 | 255 | |
Interest income recognized, with no related allowance recorded | 5 | 16 | |
Cash basis interest income recognized, with no related allowance recorded | 5 | 13 | |
Unpaid principal balance, with an allowance recorded | 0 | 0 | 0 |
Recorded investment, with an allowance recorded | 0 | 0 | 0 |
Allowance for loan losses allocated, with an allowance recorded | 0 | 0 | 0 |
Average recorded investment, with an allowance recorded | 0 | 0 | 0 |
Interest income recognized, with an allowance recorded | 0 | 0 | 0 |
Cash basis interest income recognized, with an allowance recorded | $ 0 | $ 0 | $ 0 |
Note 3 - Loans - Types of Troub
Note 3 - Loans - Types of Troubled Debt Restructuring Loan Modification by Portfolio Segment (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||
Troubled debt restructuring | $ 33 | $ 68 |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructuring | ||
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructuring | 33 | 68 |
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | ||
Troubled debt restructuring | 434 | 439 |
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructuring | ||
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructuring | 434 | 439 |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 507 | 5,687 |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Construction Loans [Member] | ||
Troubled debt restructuring | 262 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 507 | 5,637 |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | Construction Loans [Member] | ||
Troubled debt restructuring | 262 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 50 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | Construction Loans [Member] | ||
Troubled debt restructuring | ||
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Farmland Loans [Member] | ||
Troubled debt restructuring | 2,300 | 2,365 |
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 607 | 622 |
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Performing Financial Instruments [Member] | Farmland Loans [Member] | ||
Troubled debt restructuring | ||
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Performing Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | ||
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Nonperforming Financial Instruments [Member] | Farmland Loans [Member] | ||
Troubled debt restructuring | 2,300 | 2,365 |
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Nonperforming Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 607 | 622 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 8,724 | 20,984 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 5,350 | 17,440 |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 3,374 | 3,544 |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Multifamily Loans [Member] | ||
Troubled debt restructuring | 4,100 | 4,195 |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 743 | 7,346 |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | Multifamily Loans [Member] | ||
Troubled debt restructuring | 4,100 | 4,195 |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 743 | 7,346 |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | Multifamily Loans [Member] | ||
Troubled debt restructuring | ||
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring |
Note 3 - Loans - Recorded Inves
Note 3 - Loans - Recorded Investment in Nonaccrual and Loans Past Due 90 Days and Still on Accrual by Class of Loan (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Nonaccrual | $ 9,216 | $ 14,087 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Nonaccrual | 495 | 1,112 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Nonaccrual | 0 | 0 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Nonaccrual | 4,332 | 4,263 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Nonaccrual | 1,016 | 2,657 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Nonaccrual | 0 | 32 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Nonaccrual | 3,312 | 5,851 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Nonaccrual | 1 | 20 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Agriculture Portfolio Segment [Member] | ||
Nonaccrual | 60 | 152 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Other Portfolio Segment [Member] | ||
Nonaccrual | 0 | 0 |
Loans Past Due 90 Days and Over Still Accruing | $ 0 | $ 0 |
Note 3 - Loans - Aging of Recor
Note 3 - Loans - Aging of Recorded Investment in Past Due Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Nonaccrual | $ 9,216 | $ 14,087 |
Total past due and nonaccrual | 11,833 | 17,461 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 2,302 | 3,133 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 315 | 241 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Nonaccrual | 495 | 1,112 |
Total past due and nonaccrual | 495 | 1,190 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 0 | 78 |
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Nonaccrual | 0 | 0 |
Total past due and nonaccrual | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Nonaccrual | 4,332 | 4,263 |
Total past due and nonaccrual | 4,958 | 4,719 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Nonaccrual | 1,016 | 2,657 |
Total past due and nonaccrual | 1,075 | 2,983 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Farmland Loans [Member] | ||
Past due | 626 | 456 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Nonfarm Nonresidential [Member] | ||
Past due | 0 | 326 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Farmland Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Nonfarm Nonresidential [Member] | ||
Past due | 59 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Farmland Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonfarm Nonresidential [Member] | ||
Past due | 0 | 0 |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Nonaccrual | 0 | 32 |
Total past due and nonaccrual | 0 | 32 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Nonaccrual | 3,312 | 5,851 |
Total past due and nonaccrual | 5,022 | 8,317 |
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Multifamily Loans [Member] | ||
Past due | 0 | 0 |
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | One- to Four-family Residential Properties [Member] | ||
Past due | 1,454 | 2,225 |
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Multifamily Loans [Member] | ||
Past due | 0 | 0 |
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | One- to Four-family Residential Properties [Member] | ||
Past due | 256 | 241 |
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Multifamily Loans [Member] | ||
Past due | 0 | 0 |
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | One- to Four-family Residential Properties [Member] | ||
Past due | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Nonaccrual | 1 | 20 |
Total past due and nonaccrual | 20 | 61 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 19 | 41 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 0 | |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 0 | 0 |
Agriculture Portfolio Segment [Member] | ||
Nonaccrual | 60 | 152 |
Total past due and nonaccrual | 263 | 159 |
Agriculture Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 203 | 7 |
Agriculture Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 0 | 0 |
Agriculture Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 0 | 0 |
Other Portfolio Segment [Member] | ||
Nonaccrual | 0 | 0 |
Total past due and nonaccrual | 0 | 0 |
Other Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 0 | 0 |
Other Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 0 | 0 |
Other Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | $ 0 | $ 0 |
Note 3 - Loans - Risk Category
Note 3 - Loans - Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 13, 2016 | Dec. 31, 2015 |
Gross loans | $ 639,236 | $ 639,236 | $ 618,666 |
Pass [Member] | |||
Gross loans | 586,430 | 517,484 | |
Watch [Member] | |||
Gross loans | 30,431 | 63,363 | |
Special Mention [Member] | |||
Gross loans | 497 | 1,395 | |
Substandard [Member] | |||
Gross loans | 21,878 | 36,424 | |
Doubtful [Member] | |||
Gross loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | |||
Gross loans | 97,761 | 97,761 | 86,176 |
Commercial Portfolio Segment [Member] | Pass [Member] | |||
Gross loans | 96,402 | 81,570 | |
Commercial Portfolio Segment [Member] | Watch [Member] | |||
Gross loans | 294 | 2,953 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||
Gross loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | |||
Gross loans | 1,065 | 1,653 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | |||
Gross loans | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Gross loans | 257,383 | 250,136 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Gross loans | 36,330 | 36,330 | 33,154 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | |||
Gross loans | 71,507 | 71,507 | 76,412 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 149,546 | 149,546 | 140,570 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | |||
Gross loans | 35,823 | 27,603 | |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Farmland Loans [Member] | |||
Gross loans | 63,323 | 65,476 | |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 142,222 | 111,901 | |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Construction Loans [Member] | |||
Gross loans | 507 | 5,289 | |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Farmland Loans [Member] | |||
Gross loans | 1,521 | 4,844 | |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 5,217 | 22,687 | |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | |||
Gross loans | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Farmland Loans [Member] | |||
Gross loans | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 445 | 1,328 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | |||
Gross loans | 262 | ||
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Farmland Loans [Member] | |||
Gross loans | 6,663 | 6,092 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 1,662 | 4,654 | |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | |||
Gross loans | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Farmland Loans [Member] | |||
Gross loans | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 0 | 0 | |
Residential Portfolio Segment [Member] | |||
Gross loans | 236,289 | 245,609 | |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | |||
Gross loans | 48,197 | 48,197 | 44,131 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 188,092 | 188,092 | 201,478 |
Residential Portfolio Segment [Member] | Pass [Member] | Multifamily Loans [Member] | |||
Gross loans | 38,281 | 35,300 | |
Residential Portfolio Segment [Member] | Pass [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 173,565 | 164,490 | |
Residential Portfolio Segment [Member] | Watch [Member] | Multifamily Loans [Member] | |||
Gross loans | 6,080 | 4,879 | |
Residential Portfolio Segment [Member] | Watch [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 6,909 | 17,636 | |
Residential Portfolio Segment [Member] | Special Mention [Member] | Multifamily Loans [Member] | |||
Gross loans | 0 | 0 | |
Residential Portfolio Segment [Member] | Special Mention [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 52 | 67 | |
Residential Portfolio Segment [Member] | Substandard [Member] | Multifamily Loans [Member] | |||
Gross loans | 3,836 | 3,952 | |
Residential Portfolio Segment [Member] | Substandard [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 7,566 | 19,285 | |
Residential Portfolio Segment [Member] | Doubtful [Member] | Multifamily Loans [Member] | |||
Gross loans | 0 | 0 | |
Residential Portfolio Segment [Member] | Doubtful [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||
Gross loans | 9,818 | 9,818 | 10,010 |
Consumer Portfolio Segment [Member] | Pass [Member] | |||
Gross loans | 9,397 | 9,323 | |
Consumer Portfolio Segment [Member] | Watch [Member] | |||
Gross loans | 348 | 474 | |
Consumer Portfolio Segment [Member] | Special Mention [Member] | |||
Gross loans | 0 | 0 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | |||
Gross loans | 73 | 213 | |
Consumer Portfolio Segment [Member] | Doubtful [Member] | |||
Gross loans | 0 | 0 | |
Agriculture Portfolio Segment [Member] | |||
Gross loans | 37,508 | 37,508 | 26,316 |
Agriculture Portfolio Segment [Member] | Pass [Member] | |||
Gross loans | 26,940 | 21,402 | |
Agriculture Portfolio Segment [Member] | Watch [Member] | |||
Gross loans | 9,555 | 4,601 | |
Agriculture Portfolio Segment [Member] | Special Mention [Member] | |||
Gross loans | 0 | 0 | |
Agriculture Portfolio Segment [Member] | Substandard [Member] | |||
Gross loans | 1,013 | 313 | |
Agriculture Portfolio Segment [Member] | Doubtful [Member] | |||
Gross loans | 0 | 0 | |
Other Portfolio Segment [Member] | |||
Gross loans | $ 477 | 477 | 419 |
Other Portfolio Segment [Member] | Pass [Member] | |||
Gross loans | 477 | 419 | |
Other Portfolio Segment [Member] | Watch [Member] | |||
Gross loans | 0 | 0 | |
Other Portfolio Segment [Member] | Special Mention [Member] | |||
Gross loans | 0 | 0 | |
Other Portfolio Segment [Member] | Substandard [Member] | |||
Gross loans | 0 | ||
Other Portfolio Segment [Member] | Doubtful [Member] | |||
Gross loans | $ 0 | $ 0 |
Note 4 - Premise and Equipmen63
Note 4 - Premise and Equipment (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Depreciation | $ 1,103,000 | $ 1,023,000 | $ 940,000 |
Note 4 - Premises and Equipment
Note 4 - Premises and Equipment - Premises and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Property, plant and equipment, gross | $ 33,565 | $ 35,370 |
Accumulated depreciation | (15,717) | (16,558) |
17,848 | 18,812 | |
Land and Building [Member] | ||
Property, plant and equipment, gross | 23,515 | 24,651 |
Furniture and Fixtures [Member] | ||
Property, plant and equipment, gross | $ 10,050 | $ 10,719 |
Note 5 - Other Real Estate Ow65
Note 5 - Other Real Estate Owned (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Foreclosed Real Estate Rental Income | $ 456,000 | $ 1,346,000 | $ 256,000 |
One- to Four-family Residential Properties [Member] | |||
Mortgage Loans in Process of Foreclosure, Amount | $ 932,000 | $ 934,000 |
Note 5 - Other Real Estate Ow66
Note 5 - Other Real Estate Owned - Major Categories of OREO (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Other real estate owned, gross | $ 6,821 | $ 19,844 | ||
Valuation allowance | (630) | $ (1,066) | $ (230) | |
6,821 | 19,214 | $ 46,197 | $ 30,892 | |
Commercial Real Estate Portfolio Segment [Member] | Construction, Land Development, and Other Land Loans [Member] | ||||
Other real estate owned, gross | 6,571 | 12,749 | ||
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||||
Other real estate owned, gross | 6,967 | |||
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||||
Other real estate owned, gross | $ 250 | $ 128 |
Note 5 - Other Real Estate Ow67
Note 5 - Other Real Estate Owned - OREO Valuation Allowance Activity (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Beginning balance | $ 630 | $ 1,066 | $ 230 |
Provision to allowance | 1,180 | 9,855 | 4,255 |
Write-downs | (1,810) | (10,291) | (3,419) |
Ending balance | $ 630 | $ 1,066 |
Note 5 - Other Real Estate Ow68
Note 5 - Other Real Estate Owned - Activity Relating to Other Real Estate Owned (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
OREO Activity | |||
OREO as of January 1 | $ 19,214 | $ 46,197 | $ 30,892 |
Real estate acquired | 1,273 | 5,513 | 32,338 |
Valuation adjustments for declining market values | (1,180) | (9,855) | (4,255) |
Net gain (loss) on sale | 222 | (74) | 306 |
Proceeds from sale of properties | (12,708) | (22,567) | (13,084) |
OREO as of December 31 | $ 6,821 | $ 19,214 | $ 46,197 |
Note 5 - Other Real Estate Ow69
Note 5 - Other Real Estate Owned - Expenses Related to Other Real Estate Owned (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Net (gain) loss on sales of other real estate owned | $ (222) | $ 74 | $ (306) | ||||||||
Provision to allowance | 1,180 | 9,855 | 4,255 | ||||||||
Operating expense | 583 | 2,373 | 1,890 | ||||||||
Total | $ 257 | $ 322 | $ 294 | $ 668 | $ 3,506 | $ 5,131 | $ 2,932 | $ 733 | $ 1,541 | $ 12,302 | $ 5,839 |
Note 6 - Intangible Assets (Det
Note 6 - Intangible Assets (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Amortization of Intangible Assets | $ 334,000 | $ 335,000 | $ 397,000 |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | $ 109,000 |
Note 6 - Intangible Assets - Ac
Note 6 - Intangible Assets - Acquired Intangible Assets (Details) - Core Deposits [Member] - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Core deposit intangibles, Gross Carrying amount | $ 4,183 | $ 4,183 |
Core deposit intangibles, Accumulated amortization | $ 4,074 | $ 3,740 |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) $ in Millions | Dec. 31, 2016 | Dec. 31, 2015 |
Time Deposits, at or Above FDIC Insurance Limit | $ 29.1 | $ 28.4 |
Note 7 - Deposits - Deposit Bal
Note 7 - Deposits - Deposit Balances by Category (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Non-interest bearing | $ 124,395 | $ 120,043 |
Interest checking | 103,876 | 97,515 |
Money market | 142,497 | 125,935 |
Savings | 34,518 | 34,677 |
Certificates of deposit | 444,639 | 499,827 |
Total | $ 849,925 | $ 877,997 |
Note 7 - Deposits - Maturities
Note 7 - Deposits - Maturities of Time Deposits (Details) $ in Thousands | Dec. 31, 2016USD ($) |
2,017 | $ 278,459 |
2,018 | 97,471 |
2,019 | 29,623 |
2,020 | 32,782 |
2,021 | 6,304 |
Thereafter | |
$ 444,639 |
Note 8 - Advances From the Fe75
Note 8 - Advances From the Federal Home Loan Bank (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 124,200 | $ 128,800 |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 9,600 | |
Correspondent Financial Institutions Advances General Debt Obligations Disclosures Amount Of Available Unused Funds | 5,000 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Repayment and Penalties | $ 0 | $ 0 |
Maximum [Member] | Federal Home Loan Bank Advances [Member] | ||
Debt Instrument, Term | 1 year |
Note 8 - Advances From Federal
Note 8 - Advances From Federal Home Loan Bank - Advances From the Federal Home Loan Bank (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Federal Home Loan Bank advances | $ 22,458 | $ 3,081 |
Note 8 - Advances From Federa77
Note 8 - Advances From Federal Home Loan Bank - Advances From the Federal Home Loan Bank (Details) (Parentheticals) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Advances from the FHLB, earliest maturity | 2,017 | 2,017 |
Advances from the FHLB, latest maturity | 2,033 | 2,033 |
Advances from the FHLB, average interest rate | 0.85% | 2.65% |
Minimum [Member] | ||
Advances from the FHLB, fixed rate | 0.00% | 0.00% |
Maximum [Member] | ||
Advances from the FHLB, fixed rate | 5.25% | 5.25% |
Note 8 - Advances from Federa78
Note 8 - Advances from Federal Home Loan Bank - Principal Payments on Advances from Federal Home Loan Bank (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
2,017 | $ 20,586 | |
2,018 | 265 | |
2,019 | 185 | |
2,020 | 486 | |
2,021 | 729 | |
Thereafter | 207 | |
$ 22,458 | $ 3,081 |
Note 9 - Subordinated Capital79
Note 9 - Subordinated Capital Note (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Subordinated Debt | $ 3,150,000 | $ 4,050,000 |
Debt Instrument, Periodic Payment, Principal | 225,000 | |
Subordinated Capital Notes [Member] | ||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | 900,000 | |
Long-term Debt, Maturities, Repayments of Principal in Year Five | $ 450,000 | |
Debt Instrument, Interest Rate, Effective Percentage | 3.85% | 3.28% |
Long-term Debt, Maturities, Repayments of Principal in Year Two | $ 900,000 | |
Long-term Debt, Maturities, Repayments of Principal in Year Three | $ 900,000 | |
Subordinated Capital Notes [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Debt Instrument, Basis Spread on Variable Rate | 3.00% |
Note 10 - Junior Subordinated80
Note 10 - Junior Subordinated Debentures (Details Textual) - USD ($) | Apr. 15, 2016 | Sep. 30, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Number of Consecutive Quarterly Periods to Defer Interest Payments Without Default or Penalty | 20 | ||||
Dividends Payable | $ 378,000 | ||||
Debt Conversion Original Debt Principal Amount | $ 4,000,000 | ||||
Debt Conversion Original Debt Interest Amount | 330,000 | ||||
Debt Conversion, Original Debt, Amount | $ 4,300,000 | $ 4,330,000 | |||
Debt Conversion, Converted Instrument, Shares Issued | 240,000 | ||||
Gain (Loss) on Extinguishment of Debt | 883,000 | ||||
Debt Conversion, Converted Instrument, Amount | $ 3,447,000 | ||||
Subsidiaries [Member] | |||||
Debt Conversion, Original Debt, Amount | $ 2,900,000 | ||||
Gain (Loss) on Extinguishment of Debt | $ 883,000 | ||||
Subsidiaries [Member] | Voting Common Stock [Member] | |||||
Debt Conversion, Converted Instrument, Shares Issued | 80,000 | ||||
Unrelated Third Party [Member] | |||||
Debt Conversion, Original Debt, Amount | $ 1,400,000 | ||||
London Interbank Offered Rate (LIBOR) [Member] | |||||
Effective Interest Rate of Index Subordinated Borrowing Is Tied To | 1.00% | ||||
Voting Common Stock [Member] | |||||
Debt Conversion, Converted Instrument, Shares Issued | 160,000 | ||||
Voting Common Stock [Member] | Subsidiaries [Member] | |||||
Debt Conversion, Converted Instrument, Shares Issued | 80,000 | ||||
Voting Common Stock [Member] | Unrelated Third Party [Member] | |||||
Debt Conversion, Converted Instrument, Shares Issued | 80,000 | ||||
Gain (Loss) on Extinguishment of Debt | $ 883,000 | ||||
Debt Conversion, Converted Instrument, Amount | $ 560,000 | ||||
Share Price | $ 7 | ||||
Nonvoting Common Stock [Member] | |||||
Debt Conversion, Converted Instrument, Shares Issued | 80,000 | ||||
Nonvoting Common Stock [Member] | Subsidiaries [Member] | |||||
Debt Conversion, Converted Instrument, Shares Issued | 80,000 | ||||
Private Placement [Member] | |||||
Sale of Stock, Consideration Received on Transaction | $ 5,000,000 | ||||
Proceeds From Issuance of Shares Used for General Corporate Purposes | $ 2,200,000 | ||||
Private Placement [Member] | Voting Common Stock [Member] | |||||
Stock Issued During Period, Shares, New Issues | 580,000 | ||||
Private Placement [Member] | Nonvoting Common Stock [Member] | |||||
Stock Issued During Period, Shares, New Issues | 220,000 |
Note 10 - Junior Subordinated81
Note 10 - Junior Subordinated Debentures - Junior Subordinated Debentures (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Junior subordinated debentures | $ 21,000,000 | $ 21,000,000 |
Payable to Porter Statutory Trust II [Member] | ||
Issuance Date | Feb. 13, 2004 | |
Junior subordinated debentures | $ 5,000,000 | |
Maturity Date | Feb. 13, 2034 | |
Payable to Porter Statutory Trust II [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Interest Rate | 2.85% | |
Payable to Porter Statutory Trust III [Member] | ||
Issuance Date | Apr. 15, 2004 | |
Junior subordinated debentures | $ 3,000,000 | |
Maturity Date | Apr. 15, 2034 | |
Payable to Porter Statutory Trust III [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Interest Rate | 2.79% | |
Payable to Porter Statutory Trust IV [Member] | ||
Issuance Date | Dec. 14, 2006 | |
Junior subordinated debentures | $ 10,000,000 | |
Maturity Date | Mar. 1, 2037 | |
Payable to Porter Statutory Trust IV [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Interest Rate | 1.67% | |
Payable to Ascencia Statutory Trust I [Member] | ||
Issuance Date | Feb. 13, 2004 | |
Junior subordinated debentures | $ 3,000,000 | |
Maturity Date | Feb. 13, 2034 | |
Payable to Ascencia Statutory Trust I [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Interest Rate | 2.85% |
Note 11 - Other Benefit Plans (
Note 11 - Other Benefit Plans (Details Textual) - USD ($) | 12 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2014 | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 50.00% | |||
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 4.00% | |||
Defined Benefit Plan Vesting Period | 10 years | |||
Defined Benefit Plan, Net Periodic Benefit Cost | $ 121,000 | $ 121,000 | $ 122,000 | |
Other Postretirement Defined Benefit Plan, Liabilities | 1,328,000 | 1,335,000 | $ 1,341,000 | $ 1,341,000 |
Bank Owned Life Insurance | 14,838,000 | 9,441,000 | ||
Earning on Bank Owned Life Insurance | 417,000 | 295,000 | 276,000 | |
Matched Contribution Equal to 50% of First 4% [Member] | ||||
Defined Contribution Plan, Cost Recognized | $ 189,000 | $ 160,000 | $ 187,000 |
Note 12 - Income Taxes (Details
Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Jun. 10, 2015 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% | ||
Common Stock Ownership Percentage by Individual | 5.00% | ||
Common Stock Ownership Percentage | 50.00% | ||
Dividend Declared Preferred Stock Purchase Right Per Each Share of Common Stock | 1 | ||
Unrecognized Tax Benefits | $ 0 | $ 0 | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | 0 | 0 | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | $ 0 | $ 0 |
Note 12 - Income Taxes - Income
Note 12 - Income Taxes - Income Tax Expense Benefit (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Current | $ 21 | ||
Deferred | 2,771 | 5,258 | 2,151 |
Net operating loss | (4,009) | (5,975) | (6,651) |
Change in valuation allowance | 1,238 | 717 | 2,917 |
$ 21 | $ (1,583) |
Note 12 - Income Taxes - Schedu
Note 12 - Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Federal statutory rate times financial statement income (loss) | $ (956) | $ (1,125) | $ (4,458) |
Change in valuation allowance | 1,238 | 717 | 2,917 |
Tax-exempt income | (211) | (264) | (319) |
Nontaxable life insurance income | (146) | (103) | (97) |
Other, net | 96 | 775 | 374 |
Income tax expense (benefit) | $ 21 | $ (1,583) |
Note 12 - Income Taxes - Deferr
Note 12 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 13, 2015 |
Deferred tax assets: | ||
Net operating loss carry-forward | $ 42,094 | $ 38,085 |
Allowance for loan losses | 3,139 | 4,214 |
Other real estate owned write-down | 3,366 | 7,619 |
Alternative minimum tax credit carry-forward | 692 | 692 |
Net assets from acquisitions | 674 | 671 |
Net unrealized loss on securities | 867 | 166 |
New market tax credit carry-forward | 208 | 208 |
Nonaccrual loan interest | 481 | 549 |
Accrued expenses | 3,860 | 990 |
Other | 825 | 885 |
56,206 | 54,079 | |
Deferred tax liabilities: | ||
FHLB stock dividends | 928 | 928 |
Fixed assets | 89 | 176 |
Other | 1,140 | 865 |
2,157 | 1,969 | |
Net deferred tax assets before valuation allowance | 54,049 | 52,110 |
Valuation allowance | (54,049) | (52,110) |
Net deferred tax asset | $ 0 | $ 0 |
Note 13 - Related Party Trans87
Note 13 - Related Party Transactions (Details Textual) - USD ($) | Apr. 15, 2016 | Sep. 30, 2015 | Feb. 25, 2015 | Nov. 21, 2008 | Dec. 31, 2014 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Related Party Deposit Liabilities | $ 321,000 | $ 382,000 | ||||||
Issuance of Warrants, Shares | 66,113 | |||||||
Debt Conversion Original Debt Principal Amount | $ 4,000,000 | |||||||
Debt Conversion Original Debt Interest Amount | 330,000 | |||||||
Debt Conversion, Original Debt, Amount | $ 4,300,000 | 4,330,000 | ||||||
Debt Conversion, Converted Instrument, Shares Issued | 240,000 | |||||||
Gain (Loss) on Extinguishment of Debt | 883,000 | |||||||
Debt Conversion, Converted Instrument, Amount | $ 3,447,000 | |||||||
Private Placement [Member] | ||||||||
Sale of Stock, Consideration Received on Transaction | $ 5,000,000 | |||||||
Subsidiaries [Member] | ||||||||
Debt Conversion, Original Debt, Amount | $ 2,900,000 | |||||||
Gain (Loss) on Extinguishment of Debt | 883,000 | |||||||
Unrelated Third Party [Member] | ||||||||
Debt Conversion, Original Debt, Amount | 1,400,000 | |||||||
Common Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 810,720 | 810,720 | ||||||
Debt Conversion, Converted Instrument, Shares Issued | 240,000 | |||||||
Debt Conversion, Converted Instrument, Amount | $ 1,680,000 | |||||||
Stock Issued During Period, Shares, New Issues | 800,000 | |||||||
Common Stock [Member] | Unrelated Third Party [Member] | ||||||||
Debt Conversion, Converted Instrument, Amount | $ 560,000 | |||||||
Share Price | $ 7 | |||||||
Series A Preferred Stock [Member] | ||||||||
Stock Issued During Period, Shares, New Issues | 35,000 | |||||||
Series B Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 40,536 | |||||||
Non-voting Noncumulative Non-convertible Series E Perpetual Preferred stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 6,198 | |||||||
Non-voting Noncumulative Non-convertible Series F Perpetual Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 4,304 | |||||||
Nonvoting Common Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 1,291,600 | 1,291,600 | 1,291,600 | |||||
Conversion of Stock, Shares Issued | 80,000 | |||||||
Debt Conversion, Converted Instrument, Shares Issued | 80,000 | |||||||
Nonvoting Common Stock [Member] | Private Placement [Member] | ||||||||
Stock Issued During Period, Shares, New Issues | 220,000 | |||||||
Nonvoting Common Stock [Member] | Subsidiaries [Member] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued | 80,000 | |||||||
Series D Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 64,580 | |||||||
Voting Common Stock [Member] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued | 160,000 | |||||||
Voting Common Stock [Member] | Private Placement [Member] | ||||||||
Stock Issued During Period, Shares, New Issues | 580,000 | |||||||
Voting Common Stock [Member] | Subsidiaries [Member] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued | 80,000 | |||||||
Voting Common Stock [Member] | Unrelated Third Party [Member] | ||||||||
Debt Conversion, Converted Instrument, Shares Issued | 80,000 | |||||||
Gain (Loss) on Extinguishment of Debt | $ 883,000 | |||||||
Debt Conversion, Converted Instrument, Amount | $ 560,000 | |||||||
Share Price | $ 7 | |||||||
Director Mr. Hogan [Member] | Common Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 17,143 | |||||||
Conversion of Stock, Shares Issued | 342,860 | |||||||
Director Mr. Hogan [Member] | Series A Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 5,000 | |||||||
Director Mr. Hogan [Member] | Series B Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 17,143 | |||||||
Director Mr. Hogan [Member] | Non-voting Noncumulative Non-convertible Series E Perpetual Preferred stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 885 | |||||||
Director Mr. Hogan [Member] | Non-voting Noncumulative Non-convertible Series F Perpetual Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 1,405 | |||||||
Director Mr. Levy [Member] | Common Stock [Member] | ||||||||
Conversion of Stock, Shares Issued | 51,429 | |||||||
Director Mr. Levy [Member] | Series A Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 750 | |||||||
Director Mr. Levy [Member] | Non-voting Noncumulative Non-convertible Series E Perpetual Preferred stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 133 | |||||||
Director Mr. Levy [Member] | Non-voting Noncumulative Non-convertible Series F Perpetual Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 211 | |||||||
Patriot Funds [Member] | Common Stock [Member] | ||||||||
Conversion of Stock, Shares Issued | 125,000 | |||||||
Patriot Funds [Member] | Series A Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 19,688 | |||||||
Patriot Funds [Member] | Series B Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Issued | 6,250 | |||||||
Patriot Funds [Member] | Non-voting Noncumulative Non-convertible Series E Perpetual Preferred stock [Member] | ||||||||
Conversion of Stock, Shares Issued | 3,486 | |||||||
Patriot Funds [Member] | Series C Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 317,042 | |||||||
Patriot Funds [Member] | Nonvoting Common Stock [Member] | ||||||||
Issuance of Warrants, Shares | 150,653 | |||||||
Patriot Funds [Member] | Series D Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Issued | 64,580 | |||||||
Real Estate Management Fees [Member] | Hogan Development [Member] | ||||||||
Related Party Transaction, Amounts of Transaction | $ 56,000 | 175,000 | ||||||
Real Estate Sales Commissions [Member] | Hogan Development [Member] | ||||||||
Related Party Transaction, Amounts of Transaction | $ 478,000 | $ 637,000 |
Note 13 - Related Party Trans88
Note 13 - Related Party Transactions - Loans to Related Parties (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2016USD ($) | |
Beginning balance | $ 0 |
New loans | 997 |
Repayments | (997) |
Ending balance | $ 0 |
Note 14 - Preferred Stock and89
Note 14 - Preferred Stock and Stock Purchase Warrants (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Feb. 25, 2015 | Dec. 31, 2014 | Nov. 21, 2008 | Dec. 31, 2014 | Dec. 13, 2014 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Issuance of Warrants, Shares | 66,113 | |||||||
Sale of Stock, Price Per Share | $ 79.41 | |||||||
Stock Issued During Period, Value, New Issues | $ 5,030 | |||||||
Warrants Issued, Expiration Period | 10 years | |||||||
Class of Warrant or Right to Purchase Common Shares, Cancelled | 159,783 | |||||||
Class of Warrant or Right to Purchase Common Shares, Cancelled, Value | $ 45,700 | |||||||
Stock Issued | $ 9,600 | $ 2,799 | ||||||
Stockholders' Equity, Period Increase (Decrease) | 7,400 | |||||||
Common Stock [Member] | ||||||||
Stock Issued During Period, Shares, New Issues | 800,000 | |||||||
Stock Issued During Period, Value, New Issues | $ 5,030 | |||||||
Stockholders' Equity, Period Increase (Decrease) | $ 36,100 | |||||||
Stock Issued During Period Shares Exchanged Preferred Stock for Common Stock | 2,102,320 | 364,286 | ||||||
Conversion of Stock, Shares Converted | 810,720 | 810,720 | ||||||
Series A Preferred Stock [Member] | ||||||||
Stock Issued During Period, Shares, New Issues | 35,000 | |||||||
Stock Issued During Period, Value, New Issues | $ 35,000 | |||||||
Series B Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 40,536 | |||||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 40,536 | |||||||
Series D Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 64,580 | |||||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 64,580 | |||||||
Nonvoting Common Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 1,291,600 | 1,291,600 | 1,291,600 | |||||
Non-voting Noncumulative Non-convertible Series E Perpetual Preferred stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 6,198 | |||||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 6,198 | |||||||
Preferred Stock, Redemption Price Per Share | $ 1,000 | $ 1,000 | $ 1,000 | |||||
Preferred Stock, Dividend Rate, Percentage | 2.00% | |||||||
Non-voting Noncumulative Non-convertible Series F Perpetual Preferred Stock [Member] | ||||||||
Conversion of Stock, Shares Converted | 4,304 | |||||||
Stock Issued During Period, Shares, Conversion of Convertible Securities | 4,304 | |||||||
Preferred Stock, Redemption Price Per Share | $ 1,000 | $ 1,000 | $ 1,000 | |||||
Preferred Stock, Dividend Rate, Percentage | 2.00% | 2.00% |
Note 15 - Capital Requirement90
Note 15 - Capital Requirements and Restrictions of Retained Earnings (Details Textual) - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2016 | Jan. 01, 2019 | Dec. 31, 2015 | |
Maximum Asset for Opt Out Requirement in Capital Calculation | $ 250 | ||
Common Equity Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | 4.50% | |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% | |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% | |
Capital Conservation Buffer, Annual Phase-In | 0.625% | ||
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% | |
PBI Bank [Member] | |||
Common Equity Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | 4.50% | |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% | |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% | |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% | |
Scenario, Forecast [Member] | |||
Capital Conservation Buffer | 2.50% | ||
Common Equity Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 7.00% | ||
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 8.50% | ||
Capital Required for Capital Adequacy to Risk Weighted Assets | 10.50% | ||
Consent Order [Member] | PBI Bank [Member] | |||
Capital Required for Capital Adequacy to Risk Weighted Assets | 12.00% | ||
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 9.00% |
Note 15 - Capital Requirement91
Note 15 - Capital Requirements and Restrictions on Retained Earnings - Ratios and Amounts of Common Equity, Capital, and Total Capital to Risk-adjusted Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Total risk-based capital to risk-weighted assets, actual amount | $ 71,109 | $ 68,530 |
Total risk-based capital to risk-weighted assets, actual ratio | 10.21% | 10.46% |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 55,714 | $ 52,436 |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 8.00% | 8.00% |
Total common equity Tier I risk-based capital to risk-weighted assets, actual amount | $ 36,199 | $ 33,368 |
Total common equity Tier I risk-based capital to risk-weighted assets, actual ratio | 5.20% | 5.09% |
Total common equity Tier I risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 31,339 | $ 29,495 |
Total common equity Tier I risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 4.50% | 4.50% |
Tier I capital to risk-weighted assets, actual amount | $ 48,713 | $ 45,174 |
Tier I capital to risk-weighted assets, actual ratio | 6.99% | 6.89% |
Tier I capital to risk-weighted assets, for capital adequacy purposes, amount | $ 41,786 | $ 39,327 |
Tier I capital to risk-weighted assets, for capital adequacy purposes, ratio | 6.00% | 6.00% |
Tier I capital to average assets, actual amount | $ 48,713 | $ 45,174 |
Tier I capital to average assets, actual ratio | 5.27% | 4.74% |
Tier I capital to average assets, for capital adequacy purposes, amount | $ 36,975 | $ 38,131 |
Tier I capital to average assets, for capital adequacy purposes, ratio | 4.00% | 4.00% |
PBI Bank [Member] | ||
Total risk-based capital to risk-weighted assets, actual amount | $ 68,773 | $ 69,250 |
Total risk-based capital to risk-weighted assets, actual ratio | 9.88% | 10.58% |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 55,663 | $ 52,347 |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 8.00% | 8.00% |
Total common equity Tier I risk-based capital to risk-weighted assets, actual amount | $ 57,642 | $ 57,873 |
Total common equity Tier I risk-based capital to risk-weighted assets, actual ratio | 8.28% | 8.84% |
Total common equity Tier I risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 31,311 | $ 29,445 |
Total common equity Tier I risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 4.50% | 4.50% |
Tier I capital to risk-weighted assets, actual amount | $ 57,642 | $ 57,873 |
Tier I capital to risk-weighted assets, actual ratio | 8.28% | 8.84% |
Tier I capital to risk-weighted assets, for capital adequacy purposes, amount | $ 41,747 | $ 39,260 |
Tier I capital to risk-weighted assets, for capital adequacy purposes, ratio | 6.00% | 6.00% |
Tier I capital to average assets, actual amount | $ 57,642 | $ 57,873 |
Tier I capital to average assets, actual ratio | 6.24% | 6.08% |
Tier I capital to average assets, for capital adequacy purposes, amount | $ 36,949 | $ 38,085 |
Tier I capital to average assets, for capital adequacy purposes, ratio | 4.00% | 4.00% |
Note 15 - Capital Requirement92
Note 15 - Capital Requirements and Restrictions on Retained Earnings - Minimum Capital Ratios (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Total risk-based capital to risk-weighted assets, actual amount | $ 71,109 | $ 68,530 |
Total risk-based capital to risk-weighted assets, actual ratio | 10.21% | 10.46% |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 55,714 | $ 52,436 |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 8.00% | 8.00% |
Tier I capital to average assets, actual amount | $ 48,713 | $ 45,174 |
Tier I capital to average assets, actual ratio | 5.27% | 4.74% |
Tier I capital to average assets, for capital adequacy purposes, amount | $ 36,975 | $ 38,131 |
Tier I capital to average assets, for capital adequacy purposes, ratio | 4.00% | 4.00% |
PBI Bank [Member] | ||
Total risk-based capital to risk-weighted assets, actual amount | $ 68,773 | $ 69,250 |
Total risk-based capital to risk-weighted assets, actual ratio | 9.88% | 10.58% |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 55,663 | $ 52,347 |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 8.00% | 8.00% |
Tier I capital to average assets, actual amount | $ 57,642 | $ 57,873 |
Tier I capital to average assets, actual ratio | 6.24% | 6.08% |
Tier I capital to average assets, for capital adequacy purposes, amount | $ 36,949 | $ 38,085 |
Tier I capital to average assets, for capital adequacy purposes, ratio | 4.00% | 4.00% |
PBI Bank [Member] | Consent Order [Member] | ||
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 83,495 | |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 12.00% | |
Tier I capital to average assets, for capital adequacy purposes, amount | $ 83,135 | |
Tier I capital to average assets, for capital adequacy purposes, ratio | 9.00% |
Note 16 - Loans Commitments a93
Note 16 - Loans Commitments and Financial Guarntees (Details Textual) $ in Millions | 12 Months Ended |
Dec. 31, 2016USD ($) | |
Commitments Period | 1 year |
Interest Rate Swap [Member] | |
Derivative, Number of Instruments Held | 2 |
Derivative, Notional Amount | $ 14.6 |
Note 16 - Loan Commitments and
Note 16 - Loan Commitments and Other Related Activities - Contractual Amounts of Financial Instruments With Off Balance Sheet Risk (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Fixed Rate [Member] | Commitments to Make Loans [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | $ 19,445 | $ 2,475 |
Fixed Rate [Member] | Unused lines of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 7,935 | 12,212 |
Fixed Rate [Member] | Standby Letters of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 582 | 950 |
Variable Rate [Member] | Commitments to Make Loans [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 18,347 | 9,763 |
Variable Rate [Member] | Unused lines of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 51,407 | 48,648 |
Variable Rate [Member] | Standby Letters of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | $ 360 | $ 1,220 |
Note 17 - Fair Values (Details
Note 17 - Fair Values (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $ 2,664,000 | $ 6,350,000 | $ 22,997,000 |
Impaired Financing Receivable, Related Allowance | 399,000 | 428,000 | 752,000 |
Other Repossessed Assets | 6,800,000 | 19,200,000 | |
Real Estate Owned, Valuation Allowance, Amounts Applied | 1,810,000 | 10,291,000 | $ 3,419,000 |
Measured for Impairment Using Fair Value of Collateral [Member] | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $ 2,400,000 | 1,800,000 | |
Minimum [Member] | Other Real Estate Owned [Member] | |||
Fair Value Inputs Estimated Discount Rate for Cost to Sell | 6.00% | ||
Maximum [Member] | Other Real Estate Owned [Member] | |||
Fair Value Inputs Estimated Discount Rate for Cost to Sell | 10.00% | ||
Impaired Loans [Member] | |||
Impaired Financing Receivable, Related Allowance | $ 370,000 | 337,000 | |
Impaired Financing Receivable Provision for Loan Losses | $ 0 | $ 0 | |
Impaired Loans [Member] | Minimum [Member] | |||
Fair Value Inputs, Discount Rate | 10.00% | ||
Fair Value Inputs Estimated Discount Rate for Cost to Sell | 6.00% | ||
Impaired Loans [Member] | Maximum [Member] | |||
Fair Value Inputs, Discount Rate | 33.00% | ||
Fair Value Inputs Estimated Discount Rate for Cost to Sell | 10.00% | ||
Routine Real Estate Collateral [Member] | Other Real Estate Owned [Member] | |||
Fair Value Inputs, Discount Rate | 10.00% | ||
Routine Real Estate Collateral [Member] | Impaired Loans [Member] | |||
Fair Value Inputs, Discount Rate | 10.00% | ||
Thin Trading Market or Specialized Collateral [Member] | Other Real Estate Owned [Member] | |||
Fair Value Inputs, Discount Rate | 25.00% | ||
Thin Trading Market or Specialized Collateral [Member] | Impaired Loans [Member] | |||
Fair Value Inputs, Discount Rate | 25.00% |
Note 17 - Fair Values - Financi
Note 17 - Fair Values - Financial Assets Measured at the Fair Value on Recurring and Non-recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Securities available for sale | $ 152,790 | $ 144,978 | |
Recorded investment, total | 15,131 | 31,776 | $ 71,993 |
Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale | 152,790 | 144,978 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Securities available for sale | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Securities available for sale | 152,790 | 144,978 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Securities available for sale | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | Impaired Loans [Member] | |||
Recorded investment, total | 87 | ||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Recorded investment, total | 87 | ||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Construction Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Farmland Loans [Member] | |||
Recorded investment, total | 585 | ||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Nonfarm Nonresidential [Member] | |||
Recorded investment, total | 139 | ||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | Construction Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | Farmland Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | Nonfarm Nonresidential [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | Construction Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | Farmland Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | Nonfarm Nonresidential [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Farmland Loans [Member] | |||
Recorded investment, total | 585 | ||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Nonfarm Nonresidential [Member] | |||
Recorded investment, total | 139 | ||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Construction Loans [Member] | |||
Other real-estate | 6,571 | 12,344 | |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Farmland Loans [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Nonfarm Nonresidential [Member] | |||
Other real-estate | 6,746 | ||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member] | Construction Loans [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member] | Farmland Loans [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member] | Nonfarm Nonresidential [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member] | Construction Loans [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member] | Farmland Loans [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member] | Nonfarm Nonresidential [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Loans [Member] | |||
Other real-estate | 6,571 | 12,344 | |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Farmland Loans [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Nonfarm Nonresidential [Member] | |||
Other real-estate | 6,746 | ||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | Multifamily Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | One- to Four-family Residential Properties [Member] | |||
Recorded investment, total | 1,261 | 1,362 | |
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | Multifamily Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | One- to Four-family Residential Properties [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | Multifamily Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | One- to Four-family Residential Properties [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Multifamily Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | One- to Four-family Residential Properties [Member] | |||
Recorded investment, total | 1,261 | 1,362 | |
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | Multifamily Loans [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | One- to Four-family Residential Properties [Member] | |||
Other real-estate | 250 | 124 | |
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member] | Multifamily Loans [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member] | One- to Four-family Residential Properties [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member] | Multifamily Loans [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member] | One- to Four-family Residential Properties [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Multifamily Loans [Member] | |||
Other real-estate | |||
Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | One- to Four-family Residential Properties [Member] | |||
Other real-estate | 250 | 124 | |
Fair Value, Measurements, Nonrecurring [Member] | Consumer Portfolio Segment [Member] | Impaired Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Consumer Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Consumer Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Consumer Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Agriculture Portfolio Segment [Member] | Impaired Loans [Member] | |||
Recorded investment, total | 59 | ||
Fair Value, Measurements, Nonrecurring [Member] | Agriculture Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Agriculture Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Agriculture Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Recorded investment, total | 59 | ||
Fair Value, Measurements, Nonrecurring [Member] | Other Portfolio Segment [Member] | Impaired Loans [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Other Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Other Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Recorded investment, total | |||
Fair Value, Measurements, Nonrecurring [Member] | Other Portfolio Segment [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Recorded investment, total | |||
US Treasury and Government [Member] | |||
Securities available for sale | 34,099 | 33,262 | |
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale | 34,099 | 33,262 | |
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Securities available for sale | |||
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Securities available for sale | 34,099 | 33,262 | |
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Securities available for sale | |||
Residential Mortgage Backed Securities [Member] | |||
Securities available for sale | 102,353 | 102,662 | |
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale | 102,353 | 102,662 | |
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Securities available for sale | |||
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Securities available for sale | 102,353 | 102,662 | |
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Securities available for sale | |||
Collateralized Debt Obligations [Member] | |||
Securities available for sale | 11,203 | ||
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale | 11,203 | ||
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Securities available for sale | |||
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Securities available for sale | 11,203 | ||
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Securities available for sale | |||
US States and Political Subdivisions Debt Securities [Member] | |||
Securities available for sale | 2,045 | 6,861 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale | 2,045 | 6,861 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Securities available for sale | |||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Securities available for sale | 2,045 | 6,861 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Securities available for sale | |||
Corporate Debt Securities [Member] | |||
Securities available for sale | 3,090 | 2,193 | |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale | 3,090 | 2,193 | |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Securities available for sale | |||
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Securities available for sale | 3,090 | 2,193 | |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Securities available for sale |
Note 17 - Fair Values - Qualita
Note 17 - Fair Values - Qualitative Information About Level Three Fair Value Measurements for Financial Instruments Measured At Fair Value On Non-recurring Basis (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Residential Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Impaired Loans [Member] | ||
Fair value | $ 1,261 | $ 1,362 |
Residential Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Impaired Loans [Member] | Minimum [Member] | ||
Fair value inputs, comparability adjustments | 0.00% | 1.00% |
Residential Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Impaired Loans [Member] | Maximum [Member] | ||
Fair value inputs, comparability adjustments | 22.00% | 16.00% |
Residential Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Impaired Loans [Member] | Weighted Average [Member] | ||
Fair value inputs, comparability adjustments | 9.00% | 7.00% |
Commercial Real Estate Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | ||
Fair value | $ 6,571 | $ 19,090 |
Commercial Real Estate Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Minimum [Member] | ||
Fair value inputs, comparability adjustments | 0.00% | 0.00% |
Commercial Real Estate Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Maximum [Member] | ||
Fair value inputs, comparability adjustments | 20.00% | 30.00% |
Commercial Real Estate Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Weighted Average [Member] | ||
Fair value inputs, comparability adjustments | 12.00% | |
Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | ||
Fair value | ||
Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Minimum [Member] | ||
Fair value inputs, comparability adjustments | 18.00% | 10.00% |
Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Maximum [Member] | ||
Fair value inputs, comparability adjustments | 20.00% | 20.00% |
Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Weighted Average [Member] | ||
Fair value inputs, comparability adjustments | 19.00% | 17.00% |
Note 17 - Fair Values - Carryin
Note 17 - Fair Values - Carrying Amount and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 |
Cash and cash equivalents | $ 66,316 | |
Available-for-sale Securities | 152,790 | $ 144,978 |
Securities held to maturity | 43,072 | 44,253 |
Federal Home Loan Bank stock | ||
Loans held for sale | ||
Loans, net | 632,528 | |
Accrued interest receivable | 3,137 | |
Deposits | 836,853 | |
Federal Home Loan Bank advances | 22,475 | |
Subordinated capital notes | 3,091 | |
Junior subordinated debentures | 13,263 | |
Accrued interest payable | 734 | |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 66,316 | 93,335 |
Available-for-sale Securities | 152,790 | 144,978 |
Securities held to maturity | 41,818 | 42,075 |
Federal Home Loan Bank stock | 7,323 | 7,323 |
Loans held for sale | 186 | |
Loans, net | 630,269 | 606,625 |
Accrued interest receivable | 3,137 | 3,116 |
Deposits | 849,925 | 877,997 |
Federal Home Loan Bank advances | 22,458 | 3,081 |
Subordinated capital notes | 3,150 | 4,050 |
Junior subordinated debentures | 21,000 | 21,000 |
Accrued interest payable | 734 | 2,805 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 93,335 | |
Available-for-sale Securities | 144,978 | |
Securities held to maturity | 44,253 | |
Federal Home Loan Bank stock | ||
Loans held for sale | 186 | |
Loans, net | 614,162 | |
Accrued interest receivable | 3,116 | |
Deposits | 859,195 | |
Federal Home Loan Bank advances | 3,076 | |
Subordinated capital notes | 3,933 | |
Junior subordinated debentures | 12,810 | |
Accrued interest payable | 2,805 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 31,091 | 79,498 |
Available-for-sale Securities | ||
Securities held to maturity | ||
Federal Home Loan Bank stock | ||
Loans held for sale | ||
Loans, net | ||
Accrued interest receivable | ||
Deposits | 124,395 | 120,043 |
Federal Home Loan Bank advances | ||
Subordinated capital notes | ||
Junior subordinated debentures | ||
Accrued interest payable | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | 35,225 | 13,837 |
Available-for-sale Securities | 152,790 | 144,978 |
Securities held to maturity | 43,072 | 44,253 |
Federal Home Loan Bank stock | ||
Loans held for sale | 186 | |
Loans, net | ||
Accrued interest receivable | 1,203 | 1,111 |
Deposits | 712,458 | 739,152 |
Federal Home Loan Bank advances | 22,475 | 3,076 |
Subordinated capital notes | ||
Junior subordinated debentures | ||
Accrued interest payable | 369 | 422 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | ||
Available-for-sale Securities | ||
Securities held to maturity | ||
Federal Home Loan Bank stock | ||
Loans held for sale | ||
Loans, net | 632,528 | 614,162 |
Accrued interest receivable | 1,934 | 2,005 |
Deposits | ||
Federal Home Loan Bank advances | ||
Subordinated capital notes | 3,091 | 3,933 |
Junior subordinated debentures | 13,263 | 12,810 |
Accrued interest payable | $ 365 | $ 2,383 |
Note 18 - Stock Plans and Sto99
Note 18 - Stock Plans and Stock Based Compensation (Details Textual) - USD ($) | Mar. 25, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Nonvested Intrinsic Value1 | $ 323,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 9.10 | |||
Share-based Compensation | $ 443,000 | $ 445,000 | $ 555,000 | |
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $ 0 | $ 0 | ||
Service-based Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 160,000 | |||
Share Based Compensation Arrangement by Share Based Payment Award Plan Modification Incremental Expense Recognized | $ 233,000 | |||
Stock Incentive Plan 2016 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 46,467 | |||
Restricted Stock Shares Cancelled | 107,696 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 9.10 | $ 4.57 | ||
Stock Incentive Plan 2016 [Member] | Unvested Shares [Member] | Minimum [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||
Stock Incentive Plan 2016 [Member] | Unvested Shares [Member] | Maximum [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 10 years | |||
Non-Employee Directors Stock Incentive Plan 2006 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 17,912 | |||
Share Based Compensation Arrangement by Share Based Payment Award Annual Award to Non Employee Directors Value | $ 25,000 |
Note 18 - Stock Plans and St100
Note 18 - Stock Plans and Stock Based Compensation - Unvested Share Activity (Details) - $ / shares | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Granted (in dollars per share) | $ 9.10 | |
Stock Incentive Plan 2016 [Member] | ||
Outstanding, beginning (in shares) | 184,482 | 155,097 |
Outstanding, beginning (in dollars per share) | $ 4.81 | $ 6.65 |
Granted (in shares) | 35,465 | 183,148 |
Granted (in dollars per share) | $ 9.10 | $ 4.57 |
Vested (in shares) | (38,462) | (57,196) |
Vested (in dollars per share) | $ 8.32 | $ 6.65 |
Terminated (in shares) | 0 | (90,199) |
Terminated (in dollars per share) | $ 0 | $ 6.26 |
Forfeited (in shares) | (1,972) | (6,368) |
Forfeited (in dollars per share) | $ 6.16 | $ 5.63 |
Outstanding, ending (in shares) | 179,513 | 184,482 |
Outstanding, ending (in dollars per share) | $ 4.89 | $ 4.81 |
Note 18 - Stock Plans and St101
Note 18 - Stock Plans and Stock Based Compensation - Unrecognized Stock Based Compensation Expense Related to Unvested Shares (Details) $ in Thousands | Dec. 31, 2016USD ($) |
2,017 | $ 197 |
2,018 | 190 |
2,019 | 30 |
2020 & thereafter | $ 9 |
Note 19 - Earnings (Loss) Pe102
Note 19 - Earnings (Loss) Per Share (Details Textual) - $ / shares | 1 Months Ended | 12 Months Ended | ||
Sep. 30, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 0 | 0 | 0 | |
Nonvoting Common Stock [Member] | ||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 54.76 | |||
Warrant [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Expirations | 130,109 | |||
Warrant [Member] | Nonvoting Common Stock [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 130,109 | |||
Common Stock [Member] | ||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 79.41 | $ 79.41 | $ 79.41 | |
Common Stock [Member] | Warrant [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 66,113 | 66,113 | 66,113 |
Note 19 - Earnings (Loss) Pe103
Note 19 - Earnings (Loss) Per Share - Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |||||||||
Net loss | $ (6,638) | $ 1,393 | $ 1,012 | $ 1,480 | $ (601) | [1] | $ (1,076) | [1] | $ (2,130) | $ 594 | $ (2,753) | $ (3,213) | $ (11,155) | ||||||
Preferred stock dividends | 2,362 | ||||||||||||||||||
Effect of exchange of preferred stock for common stock | (36,104) | ||||||||||||||||||
Earnings (loss) allocated to participating securities | (88) | (336) | 3,159 | ||||||||||||||||
Net income (loss) attributable to common shareholders, basic and diluted | $ (2,665) | $ (2,877) | $ 19,428 | ||||||||||||||||
Basic | |||||||||||||||||||
Weighted average common shares including unvested common shares and participating preferred shares outstanding (in shares) | 5,980,945 | 5,191,944 | 2,846,188 | ||||||||||||||||
Weighted average shares outstanding (in shares) | 5,788,713 | 4,649,002 | 2,448,178 | ||||||||||||||||
Basic income (loss) per common share (in dollars per share) | $ (1.07) | [2] | $ 0.22 | [2] | $ 0.17 | [2] | $ 0.27 | [2] | $ (0.11) | [2] | $ (0.21) | [2] | $ (0.41) | [2] | $ 0.12 | [2] | $ (0.46) | $ (0.62) | $ 7.94 |
Diluted | |||||||||||||||||||
Add: Dilutive effects of assumed exercises of common stock warrants (in shares) | |||||||||||||||||||
Weighted average common shares and potential common shares (in shares) | 5,788,713 | 4,649,002 | 2,448,178 | ||||||||||||||||
Diluted income (loss) per common share (in dollars per share) | $ (1.07) | [2] | $ 0.22 | [2] | $ 0.17 | [2] | $ 0.27 | [2] | $ (0.11) | [2] | $ (0.21) | [2] | $ (0.41) | [2] | $ 0.12 | [2] | $ (0.46) | $ (0.62) | $ 7.94 |
Series C Preferred Stock [Member] | |||||||||||||||||||
Earnings (loss) allocated to participating securities | $ 0 | $ (214) | $ 1,724 | ||||||||||||||||
Basic | |||||||||||||||||||
Weighted average shares outstanding (in shares) | 61,654 | ||||||||||||||||||
Series B Preferred Stock [Member] | |||||||||||||||||||
Basic | |||||||||||||||||||
Weighted average shares outstanding (in shares) | 133,269 | 59,971 | |||||||||||||||||
Series D Preferred Stock [Member] | |||||||||||||||||||
Basic | |||||||||||||||||||
Weighted average shares outstanding (in shares) | 212,318 | 95,543 | |||||||||||||||||
Unvested Shares [Member] | |||||||||||||||||||
Earnings (loss) allocated to participating securities | $ (88) | $ (122) | $ 1,435 | ||||||||||||||||
Basic | |||||||||||||||||||
Weighted average shares outstanding (in shares) | 192,232 | 197,355 | 180,842 | ||||||||||||||||
[1] | The net loss for the third and fourth quarters of 2015 was positively impacted by a $2.2 million and $2.3 million negative provision for loans losses, respectively, and negatively impacted by OREO expenses of $5.1 million and $3.5 million, respectively. | ||||||||||||||||||
[2] | The sum of the quarterly net income (loss) per share (basic and diluted) differs from the annual net income (loss) per share (basic and diluted) because of the differences in the weighted average number of common shares outstanding and the common shares used in the quarterly and annual computations as well as differences in rounding. |
Note 20 - Parent Company Onl104
Note 20 - Parent Company Only Condensed Financial Information - Condensed Balance Sheet (Details) - USD ($) $ in Thousands | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Assets | ||||
Cash and cash equivalents | $ 66,316 | $ 93,335 | $ 80,180 | $ 111,134 |
Total assets | 945,177 | 948,722 | ||
Liabilities and Stockholders’ Equity | ||||
Accrued expenses and other liabilities | 15,911 | 10,577 | ||
Shareholders’ equity | 32,733 | 32,017 | 33,465 | 35,931 |
Total liabilities and shareholders’ equity | 945,177 | 948,722 | ||
Parent Company [Member] | ||||
Assets | ||||
Cash and cash equivalents | 2,048 | 986 | $ 1,275 | $ 1,815 |
Other assets | 645 | 734 | ||
Total assets | 54,997 | 60,722 | ||
Liabilities and Stockholders’ Equity | ||||
Debt | 21,775 | 25,775 | ||
Accrued expenses and other liabilities | 489 | 2,930 | ||
Shareholders’ equity | 32,733 | 32,017 | ||
Total liabilities and shareholders’ equity | 54,997 | 60,722 | ||
Parent Company [Member] | Banking Subsidiary [Member] | ||||
Assets | ||||
Investment in subsidiary | 51,528 | 55,642 | ||
Parent Company [Member] | All Other Subsidiaries [Member] | ||||
Assets | ||||
Investment in subsidiary | $ 776 | $ 3,360 |
Note 20 - Parent Company Onl105
Note 20 - Parent Company Only Condensed Financial Information - Condensed Statements of Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |||
Interest income | $ 8,781 | $ 8,931 | $ 8,705 | $ 9,185 | $ 9,025 | $ 9,179 | $ 9,167 | $ 9,203 | $ 35,602 | $ 36,574 | $ 39,513 | ||
Other income | 868 | 715 | 702 | ||||||||||
Interest expense | (5,981) | (7,023) | (9,795) | ||||||||||
Other expense | (2,215) | (2,653) | (2,662) | ||||||||||
Loss before income tax and undistributed subsidiary income | (2,732) | (3,213) | (12,738) | ||||||||||
Income tax expense | 21 | (1,583) | |||||||||||
Net Income (Loss) Attributable to Parent | $ (6,638) | $ 1,393 | $ 1,012 | $ 1,480 | $ (601) | [1] | $ (1,076) | [1] | $ (2,130) | $ 594 | (2,753) | (3,213) | (11,155) |
Parent Company [Member] | |||||||||||||
Interest income | 5 | 46 | 53 | ||||||||||
Dividends from subsidiaries | 23 | 20 | 19 | ||||||||||
Other income | 17 | 102 | 44 | ||||||||||
Interest expense | (694) | (647) | (631) | ||||||||||
Other expense | (1,240) | (1,457) | (1,765) | ||||||||||
Loss before income tax and undistributed subsidiary income | (1,889) | (1,936) | (2,280) | ||||||||||
Income tax expense | 21 | 13 | |||||||||||
Equity in undistributed subsidiary income (loss) | (843) | (1,277) | (8,862) | ||||||||||
Net Income (Loss) Attributable to Parent | $ (2,753) | $ (3,213) | $ (11,155) | ||||||||||
[1] | The net loss for the third and fourth quarters of 2015 was positively impacted by a $2.2 million and $2.3 million negative provision for loans losses, respectively, and negatively impacted by OREO expenses of $5.1 million and $3.5 million, respectively. |
Note 20 - Parent Company Onl106
Note 20 - Parent Company Only Condensed Financial Information - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | [1] | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | ||
Net Income (Loss) Attributable to Parent | $ (6,638) | $ 1,393 | $ 1,012 | $ 1,480 | $ (601) | [1] | $ (1,076) | $ (2,130) | $ 594 | $ (2,753) | $ (3,213) | $ (11,155) | |
Tax expense from OCI components | 1,583 | ||||||||||||
Net cash (used in) operating activities | 6,112 | 4,060 | 1,425 | ||||||||||
Investments in subsidiaries | (41,827) | (21,828) | (45,803) | ||||||||||
Sales of securities | 8,311 | 45,012 | 6,251 | ||||||||||
Net cash (used in) from investing activities | (25,767) | 72,851 | 19,254 | ||||||||||
Proceeds from issuance of common stock | 2,231 | ||||||||||||
Net cash (used in) financing activities | (7,364) | (63,756) | (51,633) | ||||||||||
Net change in cash and cash equivalents | (27,019) | 13,155 | (30,954) | ||||||||||
Beginning cash and cash equivalents | 93,335 | 80,180 | 93,335 | 80,180 | 111,134 | ||||||||
Ending cash and cash equivalents | 66,316 | 93,335 | 66,316 | 93,335 | 80,180 | ||||||||
Parent Company [Member] | |||||||||||||
Net Income (Loss) Attributable to Parent | (2,753) | (3,213) | (11,155) | ||||||||||
Equity in undistributed subsidiary (income) loss | 843 | 1,277 | 8,862 | ||||||||||
Gain on sale of assets | (70) | (44) | |||||||||||
Tax expense from OCI components | 13 | ||||||||||||
Change in other assets | (95) | (40) | (26) | ||||||||||
Change in other liabilities | 358 | 634 | 1,040 | ||||||||||
Other | 978 | 481 | 591 | ||||||||||
Net cash (used in) operating activities | (669) | (931) | (719) | ||||||||||
Investments in subsidiaries | (500) | ||||||||||||
Sales of securities | 642 | 179 | |||||||||||
Net cash (used in) from investing activities | (500) | 642 | 179 | ||||||||||
Proceeds from issuance of common stock | 2,231 | ||||||||||||
Dividends paid on preferred stock | |||||||||||||
Dividends paid on common stock | |||||||||||||
Net cash (used in) financing activities | 2,231 | ||||||||||||
Net change in cash and cash equivalents | 1,062 | (289) | (540) | ||||||||||
Beginning cash and cash equivalents | $ 986 | $ 1,275 | 986 | 1,275 | 1,815 | ||||||||
Ending cash and cash equivalents | $ 2,048 | $ 986 | $ 2,048 | $ 986 | $ 1,275 | ||||||||
[1] | The net loss for the third and fourth quarters of 2015 was positively impacted by a $2.2 million and $2.3 million negative provision for loans losses, respectively, and negatively impacted by OREO expenses of $5.1 million and $3.5 million, respectively. |
Note 21 - Quarterly Financia107
Note 21 - Quarterly Financial Data (Unaudited) (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |||
Net Income (Loss) Attributable to Parent | $ (6,638) | $ 1,393 | $ 1,012 | $ 1,480 | $ (601) | [1] | $ (1,076) | [1] | $ (2,130) | $ 594 | $ (2,753) | $ (3,213) | $ (11,155) |
Litigation Settlement, Expense | 8,000 | ||||||||||||
Provision for Loan and Lease Losses | (550) | (750) | (600) | (550) | (2,300) | (2,200) | (2,450) | (4,500) | 7,100 | ||||
Foreclosed Real Estate Expense | $ 257 | $ 322 | $ 294 | $ 668 | $ 3,506 | $ 5,131 | $ 2,932 | $ 733 | $ 1,541 | $ 12,302 | $ 5,839 | ||
[1] | The net loss for the third and fourth quarters of 2015 was positively impacted by a $2.2 million and $2.3 million negative provision for loans losses, respectively, and negatively impacted by OREO expenses of $5.1 million and $3.5 million, respectively. |
Note 21 - Quarterly Financia108
Note 21 - Quarterly Financial Data (Unaudited) - Schedule of Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||||||
Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |||||||||
Interest income | $ 8,781 | $ 8,931 | $ 8,705 | $ 9,185 | $ 9,025 | $ 9,179 | $ 9,167 | $ 9,203 | $ 35,602 | $ 36,574 | $ 39,513 | ||||||||
Net Interest Income | 7,316 | 7,458 | 7,196 | 7,651 | 7,440 | 7,482 | 7,339 | 7,290 | 29,621 | 29,551 | 29,718 | ||||||||
Provision for Loan and Lease Losses | (550) | (750) | (600) | (550) | (2,300) | (2,200) | (2,450) | (4,500) | 7,100 | ||||||||||
Foreclosed Real Estate Expense | 257 | 322 | 294 | 668 | 3,506 | 5,131 | 2,932 | 733 | 1,541 | 12,302 | 5,839 | ||||||||
Net Income (Loss) Attributable to Parent | $ (6,638) | $ 1,393 | $ 1,012 | $ 1,480 | $ (601) | [1] | $ (1,076) | [1] | $ (2,130) | $ 594 | $ (2,753) | $ (3,213) | $ (11,155) | ||||||
Earnings Per Common Share Basic (in dollars per share) | $ (1.07) | [2] | $ 0.22 | [2] | $ 0.17 | [2] | $ 0.27 | [2] | $ (0.11) | [2] | $ (0.21) | [2] | $ (0.41) | [2] | $ 0.12 | [2] | $ (0.46) | $ (0.62) | $ 7.94 |
Earnings Per Common Share Diluted (in dollars per share) | $ (1.07) | [2] | $ 0.22 | [2] | $ 0.17 | [2] | $ 0.27 | [2] | $ (0.11) | [2] | $ (0.21) | [2] | $ (0.41) | [2] | $ 0.12 | [2] | $ (0.46) | $ (0.62) | $ 7.94 |
[1] | The net loss for the third and fourth quarters of 2015 was positively impacted by a $2.2 million and $2.3 million negative provision for loans losses, respectively, and negatively impacted by OREO expenses of $5.1 million and $3.5 million, respectively. | ||||||||||||||||||
[2] | The sum of the quarterly net income (loss) per share (basic and diluted) differs from the annual net income (loss) per share (basic and diluted) because of the differences in the weighted average number of common shares outstanding and the common shares used in the quarterly and annual computations as well as differences in rounding. |
Note 22 - Contingencies (Detail
Note 22 - Contingencies (Details Textual) | Dec. 02, 2016USD ($) | Jul. 16, 2013USD ($) | Jun. 18, 2010USD ($) | Dec. 31, 2009USD ($) | Dec. 31, 2016USD ($) |
Loss Contingency Accrual | $ 10,200,000 | ||||
Loss Contingency, Number of Plaintiffs | 3 | ||||
Signature Point Litigation [Member] | |||||
Loss Contingency Accrual | $ 8,000,000 | ||||
Loss Contingency, Damages Awarded, Value | $ 7,015,000 | ||||
Loss Contingency, Estimate of Possible Loss | $ 26,000,000 | ||||
AIT Laboratories Employee Stock Ownership Plan Litigation [Member] | |||||
Alleged Imprudent and Disloyal Purchase of Stock Authorized | $ 90,000,000 | ||||
Compensatory Damages [Member] | Signature Point Litigation [Member] | |||||
Loss Contingency, Damages Awarded, Value | $ 1,515,000 | ||||
Punitive Damages [Member] | Signature Point Litigation [Member] | |||||
Loss Contingency, Damages Awarded, Value | $ 5,500,000 |