Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Oct. 31, 2017 | |
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 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Common Stock [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding (in shares) | 4,668,264 | |
Nonvoting Common Stock [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding (in shares) | 1,591,600 |
Unaudited Consolidated Balance
Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Assets | ||
Cash and due from banks | $ 9,557 | $ 9,449 |
Interest bearing deposits in banks | 37,812 | 56,867 |
Cash and cash equivalents | 47,369 | 66,316 |
Securities available for sale | 149,797 | 152,790 |
Securities held to maturity (fair value of $43,397 and $43,072, respectively) | 41,424 | 41,818 |
Loans, net of allowance of $8,977 and $8,967, respectively | 673,534 | 630,269 |
Premises and equipment, net | 16,975 | 17,848 |
Other real estate owned | 6,330 | 6,821 |
Federal Home Loan Bank stock | 7,323 | 7,323 |
Bank owned life insurance | 15,131 | 14,838 |
Accrued interest receivable and other assets | 5,082 | 7,154 |
Total assets | 962,965 | 945,177 |
Liabilities and Stockholders’ Equity | ||
Non-interest bearing | 133,896 | 124,395 |
Interest bearing | 732,951 | 725,530 |
Total deposits | 866,847 | 849,925 |
Federal Home Loan Bank advances | 16,847 | 22,458 |
Accrued interest payable and other liabilities | 5,728 | 15,911 |
Subordinated capital note | 2,475 | 3,150 |
Junior subordinated debentures | 21,000 | 21,000 |
Senior debt | 10,000 | |
Total liabilities | 922,897 | 912,444 |
Stockholders’ equity | ||
Preferred stock | 2,771 | 2,771 |
Common stock, no par, 86,000,000 shares authorized, 4,668,264 and 4,632,933 voting, and 34,380,437 non-voting shares authorized, 1,591,600 and 1,591,600 non-voting issued and outstanding, respectively | 125,729 | 125,729 |
Additional paid-in capital | 24,368 | 24,097 |
Retained deficit | (108,378) | (113,561) |
Accumulated other comprehensive loss | (4,422) | (6,303) |
Total common stockholders’ equity | 37,297 | 29,962 |
Total stockholders' equity | 40,068 | 32,733 |
Total liabilities and stockholders’ equity | 962,965 | 945,177 |
Series E Preferred Stock [Member] | ||
Stockholders’ equity | ||
Preferred stock | 1,644 | 1,644 |
Series F Preferred Stock [Member] | ||
Stockholders’ equity | ||
Preferred stock | $ 1,127 | $ 1,127 |
Unaudited Consolidated Balance3
Unaudited Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities held to maturity, fair value | $ 43,397 | $ 43,072 |
Loans, allowance | $ 8,977 | $ 8,967 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 86,000,000 | 86,000,000 |
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) | 4,668,264 | 4,632,933 |
Common stock, shares outstanding (in shares) | 4,668,264 | 4,632,933 |
Nonvoting Common Stock [Member] | ||
Common stock, shares authorized (in shares) | 34,380,437 | 34,380,437 |
Common stock, shares issued (in shares) | 1,591,600 | 1,591,600 |
Common stock, shares outstanding (in shares) | 1,591,600 | 1,591,600 |
Unaudited Consolidated Statemen
Unaudited Consolidated Statements of Income - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Interest income | ||||
Loans, including fees | $ 8,021,000 | $ 7,699,000 | $ 23,493,000 | $ 23,036,000 |
Taxable securities | 1,088,000 | 956,000 | 3,370,000 | 2,895,000 |
Tax exempt securities | 143,000 | 153,000 | 432,000 | 475,000 |
Federal funds sold and other | 194,000 | 123,000 | 510,000 | 415,000 |
9,446,000 | 8,931,000 | 27,805,000 | 26,821,000 | |
Interest expense | ||||
Deposits | 1,324,000 | 1,262,000 | 3,877,000 | 3,850,000 |
Federal Home Loan Bank advances | 13,000 | 17,000 | 64,000 | 54,000 |
Subordinated capital note | 32,000 | 35,000 | 98,000 | 112,000 |
Senior Debt | 97,000 | 97,000 | ||
Junior subordinated debentures | 193,000 | 159,000 | 553,000 | 500,000 |
1,659,000 | 1,473,000 | 4,689,000 | 4,516,000 | |
Net interest income | 7,787,000 | 7,458,000 | 23,116,000 | 22,305,000 |
Negative provision for loan losses | (750,000) | (1,900,000) | ||
Net interest income after negative provision for loan losses | 7,787,000 | 8,208,000 | 23,116,000 | 24,205,000 |
Non-interest income | ||||
Service charges on deposit accounts | 568,000 | 520,000 | 1,617,000 | 1,422,000 |
Bank card interchange fees | 245,000 | 214,000 | 713,000 | 637,000 |
Other real estate owned rental income | 0 | 46,000 | 0 | 451,000 |
Income from bank owned life insurance | 103,000 | 101,000 | 309,000 | 316,000 |
Net gain (loss) on sales and calls of investment securities | (16,000) | (5,000) | 187,000 | |
Other | 266,000 | 240,000 | 723,000 | 635,000 |
1,182,000 | 1,105,000 | 3,357,000 | 3,648,000 | |
Non-interest expense | ||||
Salaries and employee benefits | 3,683,000 | 3,945,000 | 11,433,000 | 11,624,000 |
Occupancy and equipment | 836,000 | 842,000 | 2,501,000 | 2,504,000 |
Professional fees | 232,000 | 374,000 | 776,000 | 1,251,000 |
Marketing expense | 364,000 | 289,000 | 880,000 | 706,000 |
FDIC Insurance | 356,000 | 442,000 | 1,055,000 | 1,458,000 |
Data processing expense | 321,000 | 295,000 | 931,000 | 887,000 |
State franchise and deposit tax | 225,000 | 255,000 | 675,000 | 765,000 |
Other real estate owned expense | 111,000 | 322,000 | 92,000 | 1,284,000 |
Litigation and loan collection expense | 78,000 | 222,000 | 121,000 | 575,000 |
Other | 969,000 | 934,000 | 2,826,000 | 2,893,000 |
7,175,000 | 7,920,000 | 21,290,000 | 23,947,000 | |
Income before income taxes | 1,794,000 | 1,393,000 | 5,183,000 | 3,906,000 |
Income tax expense | 21,000 | |||
Net income | 1,794,000 | 1,393,000 | 5,183,000 | 3,885,000 |
Earnings allocated to participating securities | 45,000 | 46,000 | 133,000 | 129,000 |
Net income available to common shareholders | $ 1,749,000 | $ 1,347,000 | $ 5,050,000 | $ 3,756,000 |
Basic and diluted income per common share (in dollars per share) | $ 0.29 | $ 0.22 | $ 0.83 | $ 0.66 |
Unaudited Consolidated Stateme5
Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net income | $ 1,794 | $ 1,393 | $ 5,183 | $ 3,885 |
Other comprehensive income: | ||||
Unrealized gain (loss) arising during the period | (280) | 597 | 1,783 | 2,465 |
Amortization during the period of net unrealized loss transferred to held to maturity | 32 | 32 | 98 | 96 |
Reclassification adjustment for (gains) losses included in net income | 16 | (187) | ||
Net unrealized gain recognized in comprehensive income | (248) | 645 | 1,881 | 2,374 |
Tax effect | ||||
Other comprehensive income (loss) | (248) | 645 | 1,881 | 2,374 |
Comprehensive income | $ 1,546 | $ 2,038 | $ 7,064 | $ 6,259 |
Unaudited Consolidated Stateme6
Unaudited Consolidated Statements of Changes in Stockholders' Equity - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands | Common Stock [Member]Voting Common Stock [Member] | Common Stock [Member]Nonvoting Common Stock [Member] | Common 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, 2016 | 4,632,933 | 1,591,600 | 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 | ||
Issuance of unvested stock (in shares) | 37,865 | 37,865 | |||||||
Forfeited unvested stock (in shares) | (1,316) | (1,316) | |||||||
Reverse stock split rounding shares (in shares) | (1,218) | (1,218) | |||||||
Stock-based compensation expense | 271 | 271 | |||||||
Net income | 5,183 | 5,183 | |||||||
Net change in accumulated other comprehensive income, net of taxes | 1,881 | 1,881 | |||||||
Balances (in shares) at Sep. 30, 2017 | 4,668,264 | 1,591,600 | 6,259,864 | 6,198 | 4,304 | ||||
Balances at Sep. 30, 2017 | $ 125,729 | $ 1,644 | $ 1,127 | $ 24,368 | $ (108,378) | $ (4,422) | $ 40,068 |
Unaudited Consolidated Stateme7
Unaudited Consolidated Statements of Cash Flows - USD ($) | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Cash flows from operating activities | ||
Net income | $ 5,183,000 | $ 3,885,000 |
Adjustments to reconcile net loss to net cash from operating activities | ||
Depreciation and amortization | 896,000 | 1,141,000 |
Negative provision for loan losses | (1,900,000) | |
Net amortization on securities | 931,000 | 965,000 |
Stock-based compensation expense | 271,000 | 315,000 |
Net gain on sales of loans held for sale | (39,000) | (61,000) |
Origination of loans for sale | (2,179,000) | (3,830,000) |
Proceeds from sales of loans held for sale | (2,218,000) | (3,943,000) |
Net gain on sales of other real estate owned | (75,000) | (221,000) |
Write-down of other real estate owned | 98,000 | 970,000 |
Net realized (gain) loss on sales and calls of investment securities | 5,000 | (187,000) |
Increase in cash surrender value of owned life insurance, net of premium expense | (293,000) | (300,000) |
Net change in accrued interest receivable and other assets | 1,929,000 | (701,000) |
Net change in accrued interest payable and other liabilities | (10,183,000) | (57,000) |
Net cash from operating activities | (1,238,000) | 3,962,000 |
Cash flows from investing activities | ||
Purchases of available for sale securities | (15,340,000) | (18,868,000) |
Proceeds from sales and calls of available for sale securities | 2,000,000 | 6,276,000 |
Proceeds from maturities and prepayments of available for sale securities | 17,480,000 | 16,925,000 |
Proceeds from calls of held to maturity securities | 47,000 | |
Proceeds from maturities of held to maturity securities | 145,000 | |
Proceeds from sale of other real estate owned | 738,000 | 12,340,000 |
Loan originations and payments, net | (43,590,000) | (4,781,000) |
Sales (purchases) of premises and equipment, net | 175,000 | (386,000) |
Purchase of bank owned life insurance | (5,000,000) | |
Net cash from investing activities | (38,345,000) | 6,506,000 |
Cash flows from financing activities | ||
Net change in deposits | 16,922,000 | (41,053,000) |
Payments of Federal Home Loan Bank advances | (30,611,000) | (462,000) |
Advances from Federal Home Loan Bank | 25,000,000 | |
Payments of subordinated capital note | (675,000) | (675,000) |
Proceeds from senior debt | 10,000,000 | |
Proceeds from issuance of common stock | 2,231,000 | |
Net cash from financing activities | 20,636,000 | (39,959,000) |
Net change in cash and cash equivalents | (18,947,000) | (29,491,000) |
Beginning cash and cash equivalents | 66,316,000 | 93,335,000 |
Ending cash and cash equivalents | 47,369,000 | 63,844,000 |
Supplemental cash flow information: | ||
Interest paid | 4,140,000 | 3,933,000 |
Income taxes paid (refunded) | 21,000 | |
Supplemental non-cash disclosure: | ||
Proceeds from common stock issuance directed by investors for junior subordinated debenture interest | 2,799,000 | |
Transfer from loans to other real estate | 270,000 | 1,243,000 |
Financed sales of other real estate owned | $ 270,000 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | Note 1 – Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation – The consolidated financial statements include Porter Bancorp, Inc. (Company) and its subsidiary, PBI Bank (Bank). The Company owns a 100% The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10 d Rule 10 01 X. not nine September 30, 2017 not may December 31, 2016 10 Use of Estimates – To prepare financial statements in conformity with U.S. generally accepted accounting principles, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and future results could differ. Reclassifications – Some items in the prior year financial statements were reclassified to conform to the current presentation. The reclassifications did not New Accounting Standards – August 2015, 2015 14, 606 2014 09, 2014 09. December 15, 2017. not not In January 2016, No. 2016 01, 825 10 1 2 3 4 5 6 7 December 15, 2017. not not In February 2016, o. 2016 02, 842 December 15, 2018. not . In J une 2016, No. 2016 13, 326 first . The standard is effective for public companies for fiscal years beginning after December 15, 2019. one first In March 2017, No. 2017 08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20 first December 15, 2018. |
Note 2 - Securities
Note 2 - Securities | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 2 – Securities Securities are classified into available for sale (AFS) and held to maturity (HTM) categories. AFS securities are those that may The amortized cost and fair value of 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) September 30 , 201 7 Available for sale U.S. Government and federal agency $ 29,954 $ 106 $ (352 ) $ 29,708 Agency mortgage-backed: residential 91,546 808 (619 ) 91,735 Collateralized loan obligations 23,444 82 — 23,526 State a nd municipal 1,648 13 — 1,661 Corporate bonds 3,079 88 — 3,167 Total available for sale $ 149,671 $ 1,097 $ (971 ) $ 149,797 Amortized Cost Gross Unre cognized Gains Gross Unre cognized Losses Fair Value Held to maturity State and municipal $ 41,424 $ 1,973 $ — $ 43,397 Total held to maturity $ 41,424 $ 1,973 $ — $ 43,397 Amortized Cost Gross Unre alized Gains Gross Unre alized Losses Fair Value (in thousands) Decembe r 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 Unre cognized Gains Gross Unre cognized 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 Sales and calls of securities were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (in thousands) (in thousands) Proceeds $ 2,000 $ 2,555 $ 2,047 $ 6,276 Gross gains — 13 — 216 Gross losses — 29 5 29 The amortized cost and fair value of the debt investment securities portfolio are shown by contrac tual maturity. Contractual maturities may not September 30 , 201 7 Amortized Cost Fair Value (in thousands) Maturity Available for sale Within one year $ 7,340 $ 7,432 One to five years 15,019 15,102 Five to ten years 32,715 32,464 Beyond ten years 3,051 3,064 Agency mortgage-backed: residential 91,546 91,735 Total $ 149,671 $ 149,797 Held to maturity Within one year $ 646 $ 646 One to five years 27,619 28,729 Five to ten years 13,159 14,022 Total $ 41,424 $ 43,397 Securities pledged at September 30, 2017 December 31, 2016 $85.3 $61.2 At September 30, 2017 December 31, 2016, $15.8 $16.4 September 30, 2017 December 31, 2016, $ 4.3 September 30, 2017 December 31, 2016, no one 10% The Company evaluates securities for other than temporary impairment (OTTI) 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, credit quality, and near-term prospects 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 September 30, 2017, not Securities with unrealized losses at September 30, 2017 December 31, 2016, 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) September 30 , 201 7 Available for sale U.S. Government and federal Agency $ 19,543 $ (324 ) $ 1,125 $ (28 ) $ 20,668 $ (352 ) Agency mortgage-backed: residential 29,928 (489 ) 7,261 (130 ) 37,189 (619 ) Total temporarily impaired $ 49,471 $ (813 ) $ 8,386 $ (158 ) $ 57,857 $ (971 ) December 31, 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 ) There were no September 30, 2017. |
Note 3 - Loans
Note 3 - Loans | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 3 – Loans Loans net of unearned income, deferred loan origination costs, and net premiums on acquired loans by class were as follows: September 30 , December 31, 2017 2016 (in thousands) Commercial $ 107,616 $ 97,761 Commercial Real Estate: Construction 44,956 36,330 Farmland 88,370 71,507 Nonfarm nonresidential 157,956 149,546 Residential Real Estate: Multi-family 55,684 48,197 1-4 Family 173,213 188,092 Consumer 8,474 9,818 Agriculture 45,675 37,508 Other 567 477 Subtotal 682,511 639,236 Less: Allowance for loan losses (8,977 ) (8,967 ) Loans, net $ 673,534 $ 630,269 The following table presents the activity in the allowance for loan losses by portfolio segment for the three September 30, 2017 2016: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30 , 201 7 : Beginning balance $ 956 $ 4,223 $ 3,317 $ 53 $ 335 $ 1 $ 8,885 Provision (negative provision) (41 ) 206 (147 ) (31 ) 15 (2 ) – Loans charged off (5 ) – (57 ) (5 ) – – (67 ) Recoveries 3 9 103 25 16 3 159 Ending balance $ 913 $ 4,438 $ 3,216 $ 42 $ 366 $ 2 $ 8,977 September 30 , 2016 : Beginning balance $ 730 $ 5,429 $ 3,778 $ 47 $ 119 $ 1 $ 10,104 Provision (negative provision) (195 ) (436 ) (142 ) (26 ) 79 (30 ) (750 ) Loans charged off (15 ) (232 ) (131 ) (21 ) (5 ) (1 ) (405 ) Recoveries 102 354 27 23 1 33 540 Ending balance $ 622 $ 5,115 $ 3,532 $ 23 $ 194 $ 3 $ 9,489 The following table presents the activity in the allowance for loan losses by p ortfolio segment for the nine September 30, 2017 2016: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30, 2017: Beginning balance $ 475 $ 4,894 $ 3,426 $ 8 $ 162 $ 2 $ 8,967 P rovision (negative provision) 399 (791 ) 134 (5 ) 274 (11 ) – Loans charged off (5 ) (58 ) (512 ) (30 ) (95 ) – (700 ) Recoveries 44 393 168 69 25 11 710 Ending balance $ 913 $ 4,438 $ 3,216 $ 42 $ 366 $ 2 $ 8,977 September 30, 2016: Beginning balance $ 818 $ 6,993 $ 3,984 $ 122 $ 122 $ 2 $ 12,041 Provision (negative provision) (89 ) (2,024 ) 458 (259 ) (1 ) 15 (1,900 ) Loans charged off (276 ) (477 ) (1,181 ) (56 ) (13 ) (79 ) (2,082 ) Recoveries 169 623 271 216 86 65 1,430 Ending balance $ 622 $ 5,115 $ 3,532 $ 23 $ 194 $ 3 $ 9,489 Th e following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of September 30, 2017: 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 $ 26 $ 386 $ – $ – $ – $ 425 Collectively evaluated for impairment 900 4,412 2,830 42 366 2 8,552 Total ending allowance balance $ 913 $ 4,438 $ 3,216 $ 42 $ 366 $ 2 $ 8,977 Loans: Loans individually evaluated for impairment $ 608 $ 2,749 $ 4,092 $ – $ 60 $ – $ 7,509 Loans collectively evaluated for impairment 107,008 288,533 224,805 8,474 45,615 567 675,002 Total ending loans balance $ 107,616 $ 291,282 $ 228,897 $ 8,474 $ 45,675 $ 567 $ 682,511 The following t able 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 Impaired Loans Impaired loans include restructured loans and loans on nonaccrual or classified as doubtful, whereby collection of the total amount is improbable, or loss, whereby all or a portion of the loan has been written off or a specific allowance for loss has been provided. The following table s present information related to loans individually evaluated for impairment by class of loans as of September 30, 2017 December 31, 2016 nine September 30, 2017 2016: Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 724 $ 508 $ — $ 499 $ — $ 497 $ — Commercial real estate: Construction — — — — — — — Farmland 3,783 2,155 — 2,336 — 2,800 209 Nonfarm nonresidential 773 301 — 311 1 752 53 Residential real estate: Multi-family — — — — — 1,025 — 1-4 Family 3,858 2,470 — 2,879 22 2,909 50 Consumer 8 — — — 2 2 2 Agriculture 130 60 — 60 1 30 1 Other — — — — — — — Subtotal 9,276 5,494 — 6,085 26 8,015 315 With A Related Allowance Recorded: Commercial 100 100 13 100 1 100 5 Commercial real estate: Construction — — — — — — — Farmland — — — — — 294 — Nonfarm nonresidential 293 293 26 294 5 298 14 Residential real estate: Multi-family — — — — — — — 1-4 Family 1,183 1,622 386 1,412 17 1,465 51 Consumer — — — — — — — Agriculture — — — — — 30 — Other — — — — — — — Subtotal 1,576 2,015 425 1,806 23 2,187 70 Total $ 10,852 $ 7,509 $ 425 $ 7,891 $ 49 $ 10,202 $ 385 As of December 31, 2016 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 707 $ 495 $ — $ 659 $ — $ 824 $ 1 Commercial real estate: Construction — — — 129 3 195 9 Farmland 5,566 3,742 — 4,404 79 4,299 87 Nonfarm nonresidential 4,502 1,219 — 4,023 2 5,569 308 Residential real estate: Multi-family 4,100 4,100 — 3,254 179 2,235 237 1-4 Family 4,663 2,910 — 3,523 14 6,159 85 Consumer 41 1 — 4 — 8 8 Agriculture — — — 69 — 92 — Other — — — — — — — Subtotal 19,579 12,467 — 16,065 277 19,381 735 With A Related Allowance Recorded: Commercial 100 100 13 — — — — Commercial real estate: Construction — — — — — — — Farmland 614 590 5 600 — 300 — Nonfarm nonresidential 303 303 30 405 6 421 18 Residential real estate: Multi-family — — — 2,080 — 3,133 101 1-4 Family 1,676 1,611 350 1,656 20 1,671 74 Consumer — — — — — — — Agriculture 78 60 1 68 — 34 — Other — — — — — — — Subtotal 2,771 2,664 399 4,809 26 5,559 193 Total $ 22,350 $ 15,131 $ 399 $ 20,874 $ 303 $ 24,940 $ 928 Cash basis income recognized for the three nine September 30, 2017 $24,000 $309,000, $87,000 $377,000 three nine September 30, 2016, 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 Bank’s TDRs typically 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 allocates reserves for these loans to reflect the present value of the concessionary terms granted to the borrower. The following table presents the types of TDR loan modifications by port folio segment outstanding as of September 30, 2017 December 31, 2016: TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) September 30 , 201 7 Commercial Rate reduction $ — $ 33 $ 33 Principal deferral — 434 434 Commercial Real Estate: Farmland Principal deferral — 1,465 1,465 Nonfarm nonresidential Rate reduction 489 — 489 Residential Real Estate: 1-4 Family Rate reduction 737 — 737 Total TDRs $ 1,226 $ 1,932 $ 3,158 TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 201 6 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 At September 30, 2017 December 31, 2016, 39% 61%, $141,000 $197,000 September 30, 2017, December 31, 2016, no September 30, 2017 December 31, 2016 Management periodically reviews renewals and modifications of previously identified TDRs, for which there was no no difficulty and the renewal/modification did not March 2017, two $4.1 December 31, 2016. no No s occurred during the three nine September 30, 2017 September 30, 2016. first nine 2017 2016, no twelve 90 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 September 30, 2017, December 31, 2016: Nonaccrual Loans Past Due 90 Days And Over Still Accruing September 30 , 201 7 December 31, 201 6 September 30 , 201 7 December 31, 201 6 (in t housands) Commercial $ 508 $ 495 $ — $ — Commercial Real Estate: Construction — — — — Farmland 2,155 4,332 — — Nonfarm nonresidential 105 1,016 — — Residential Real Estate: Multi-family — — — — 1-4 Family 2,941 3,312 — — Consumer — 1 — — Agriculture 60 60 — — Other — — — — Total $ 5,769 $ 9,216 $ — $ — The following table presents the aging of the recorded investment in past due loans as of September 30, 2017 December 31, 2016: 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days And Over Past Due Nonaccrual Total Past Due And Nonaccrual (in thousands) September 30 , 201 7 Commercial $ 2 $ — $ — $ 508 $ 510 Commercial Real Estate: Construction — — — — — Farmland 281 19 — 2,155 2,455 Nonfarm nonresidential 239 — — 105 344 Resid ential Real Estate: Multi-family — — — — — 1-4 Family 300 593 — 2,941 3,834 Consumer 50 — — — 50 Agriculture — — — 60 60 Other — — — — — Total $ 872 $ 612 $ — $ 5,769 $ 7,253 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 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. Loans are also analyzed through our internal and external loan review processes. Borrower relationships in excess of $500,000 Wa tch – Loans may Special Mention – Loans classified as special mention do not one may Substandard – Loans classified as substandard are those loans with clear and defined weaknesses such as a highly leveraged position, unfavorable financial ratios, uncertain repayment sources or poor financial condition which may not Doubtful – Loans classified as doubtful are those loans which have characteristics similar to substandard loans but with an increased risk that collection or liquidation in full is highly questionable and improbable. Loans not dered to be “Pass” rated loans. As of September 30, 2017, December 31, 2016, Pass Watch Special Mention Substandard Doubtful Total (in thousands) September 30 , 201 7 Commercial $ 106,645 $ 228 $ — $ 743 $ — $ 107,616 Commercial Real Estate: Construction 44,956 — — — — 44,956 Farmland 78,156 5,935 — 4,279 — 88,370 Nonfarm nonresidential 153,026 2,948 432 1,550 — 157,956 Residential Real Estate: Multi-family 46,100 9,584 — — — 55,684 1-4 Family 162,476 4,473 166 6,098 — 173,213 Consumer 8,062 323 — 89 — 8,474 Agriculture 33,215 11,676 — 784 — 45,675 Other 567 — — — — 567 Total $ 633,203 $ 35,167 $ 598 $ 13,543 $ — $ 682,511 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 |
Note 4 - Other Real Estate Owne
Note 4 - Other Real Estate Owned | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] | Note 4 – 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 li eu of foreclosure, it is recorded at its fair market value less expected cost to sell. Any write-down of the property at the time of acquisition is charged to the allowance for loan losses. Fair value of OREO is determined on an individual property basis . When foreclosed properties are acquired, we obtain a new appraisal of the subject property or have staff from our special assets group 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: September 30 , 2017 December 31, 201 6 (in thousands) Commercial Real Estate: Construction, land development, and other land $ 6,200 $ 6,571 Farmland 74 — Residential Real Estate: 1-4 Family 56 250 $ 6,330 $ 6,821 R esidential loans secured by 1 4 $643,000 $932,000 September 30, 2017 December 31, 2016, nine September 30, 2017 2016 For the Nine Months Ended September 3 0 , 201 7 201 6 (in thousands) OREO Activity OREO as of January 1 $ 6,821 $ 19,214 Real estate acquired 270 1,243 Valuation adjustment write-downs (98 ) (970 ) Net gain on sales 75 221 Proceeds from sales of properties (738 ) (12,610 ) OREO as of September 30 $ 6,330 $ 7,098 We recognized no three nine September 30, 2017, $46,000 $451,000 three nine September 30, 2016, Expenses related to other real estate owned include: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (in thousands) (in thousands) Net gain on sales $ (10 ) $ (52 ) $ (75 ) $ (221 ) Valuation adjustment write-downs 98 320 98 970 Operating expense 23 54 69 535 Total $ 111 $ 322 $ 92 $ 1,284 |
Note 5 - Deposits
Note 5 - Deposits | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 5 – Deposits The following table shows ending deposit balances by category as of: September 30 , 201 7 December 31, 201 6 (in thousands) Non-interest bearing $ 133,896 $ 124,395 Interest checking 94,523 103,876 Money market 156,905 142,497 Savings 35,946 34,518 Certificates of deposit 445,577 444,639 Total $ 866,847 $ 849,925 Time deposits of $ 250,000 $33.1 $29.1 September 30, 2017 December 31, 2016, Scheduled maturities of all time deposits at September 30, 2017 Year 1 $ 221,600 Year 2 174,906 Year 3 35,418 Year 4 6,626 Year 5 7,027 $ 445,577 |
Note 6 - Advances From the Fede
Note 6 - Advances From the Federal Home Loan Bank | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | Note 6 – Advance s from the Federal Home Loan Bank Advances from the Federal Home Loan Bank (FHLB) were as follows: September 30 , December 31, 201 7 201 6 (in thousands) A dvances with fixed rates from 0.00% to 5.24% and maturities ranging 017 through 2033, averaging 1.24% at September 30, 2017 and 0.85% at December 31, 2016 $ 16,847 $ 22,458 Scheduled principal payments on FHLB advances during the next five Advances Year 1 $ 15,203 Year 2 182 Year 3 492 Year 4 739 Year 5 108 Thereafter 123 $ 16,847 Each advance is payable based upon the terms of agreement, with a prepayment penalty. No 2017 2016. first September 2017, September 30, 2017, $74.8 |
Note 7 - Senior Debt
Note 7 - Senior Debt | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | Note 7 – Senior Debt On June 30, 2017, $10.0 June 3 0, 2022. three 250 June 30, 2020, $250,000 first 100% may The Company contributed $9.0 of the borrowing proceeds to the Bank as common equity Tier 1 $1.0 September 30, 2017, $903,000. The loan agreement contains customary representation s, warranties, covenants and events of default, including the following financial covenants: (i) the Company must maintain minimum cash on hand of not $750,000 June 30, 2018, not $2,500,000 9% June 30, 2018, 10% 10% June 30, 2018, 11% may not 2.5% September 30, 2017. |
Note 8 - Fair Values Measuremen
Note 8 - Fair Values Measurement | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 8 – Fair Values Measurement Fair value is the excha nge 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: Quoted prices (unadjusted) for identical assets or liabilities in active markets that an entity has the ability to access as of the measurement date, or observable inputs. Level 2: Significant other observable inputs other than Level 1 not Level 3: Significant unobservable inputs that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. In certain cases, the inputs used to measure fair value may ls of the fair value hierarchy. When that occurs, we classify the fair value hierarchy on the lowest level of input that is significant to the fair value measurement. We used the following methods and significant assumptions to estimate fair value. Securities: The fair values of securities available for sale are determined by obtaining quoted prices on nationally recognized securities exchanges, if available. This valuation method is classified as Level 1 not two 2 not 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: An impaired loan is evaluated at the time the loan is identified as impaired and is recorded at fair value less costs to sell. Fair value is measured based on the value of the collateral securing the loan and is classified as Level 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 rel ative 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 litigati on 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% Im paired 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) : OREO is evaluated at the time of acquisition and recorded at fair value as determined by independent appraisal or internal evaluation less cost to sell. Our quarterly evaluations of OREO for impairment are driven by property type. For smaller dollar single family homes, we consult with staff from our special assets group as well as external realtors and appraisers. Based on these consultations, we determine asking prices for OREO properties we are marketing for sale. If the internally evaluated fair value or asking price is below our recorded investment in the property, appropriate write-downs are taken. For larger dollar commercial real estate properties, we obtain a new appraisal of the subject property or have staff in our special assets group evaluate the latest in-file appraisal in connection wit h the transfer to other real estate owned. 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 at September 30, 2017 December 31, 2016 Fair Value Measurements at September 30 , 201 7 Using (in thousands) Quoted Prices In Significant Active Markets for Significant Other Unobservable Carrying Identical Assets Observa ble Inputs Inputs Description Value (Level 1) (Level 2) (Level 3) Availab le for sale securities U.S. Government and federal agency $ 29,708 $ — $ 29,708 $ — Agency mortgage-backed: residential 91,735 — 91,735 — Collateralized loan obligations 23,526 — 23,526 — State and municipal 1,661 — 1,661 — Corporate bonds 3,167 — 3,167 — Total $ 149,797 $ — $ 149,797 $ — 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) Availabl e 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 $ — There were no 1 2 2017 2016. Financial assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at September 30 , 201 7 Using (in thousands) Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Description Impaired loans: Commercial $ 87 $ — $ — $ 87 Commercial real estate: Construction — — — — Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 1,236 — — 1,236 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned: Commercial real estate: Construction , land development, and other land 6,200 — — 6,200 Farmland 74 — — 74 Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 56 — — 56 Fair Value Measurements at December 31, 201 6 Using (in thousands) Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Description 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: Commercial real estate: Construction , land development, and other land 6,571 — — 6,571 Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 250 — — 250 Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a carrying amount of $1.7 September 30, 2017 $399,000, $171,000 $29,000 three nine September 30, 2017, $2.5 $309,000, $220,000 no three nine September 30, 2016. December 31, 2016, $2.4 $370,000. OREO , which is measured at the lower of carrying or fair value less costs to sell, had a net carrying amount of $6.3 September 30, 2017, $6.8 December 31, 2016. $ 98,000 three nine September 30, 2017, $761,000 $1.6 three nine September 30, 2016, The followi ng table presents qualitative information about level 3 September 30, 2017: Fair Value Valuation Technique(s) Unobservable Input(s) Range (W eighted Average) (in thousands ) Impaired loans – Residential real estate $ 1,236 Sales comparison approach Adjustment for differences between the comparable sales 0% - 34% (11%) Other real estate owned – Commercial real estate $ 6,274 Sales comparison approach Adjustment for differences between the comparable sales 0% - 11% (5%) Income approach Discount or capitalization rate 18% (18%) The follow ing 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% (9%) Income approach Discount or capitalization rate 18% - 20% (19%) Carrying amount and estimated fair values of financial instruments were as follows for the periods indicated: Fair Value Measurements at September 30 , 201 7 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 47,369 $ 27,815 $ 19,554 $ — $ 47,369 Securities available for sale 149,797 — 149,797 — 149,797 Securities held to maturity 41,424 — 43,397 — 43,397 Federal Home Loan Bank stock 7,323 N/A N/A N/A N/A Loans, net 673,534 — — 673,616 673,616 Accrued interest receivable 3,285 — 1,137 2,148 3,285 Financial liabilities Deposits $ 866,847 $ 133,896 $ 719,827 $ — $ 853,723 Federal Home Loan Bank advances 16,847 — 16,865 — 16,865 Subordinated capital note 2,475 — — 2,458 2,458 Junior subordinated debentures 21,000 — — 19,087 19,087 Senior debt 10,000 — — 10,000 10,000 Accrued interest payable 1,284 — 366 918 1,284 Fair Value Measurements at December 31, 201 6 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, 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 note 3,150 — — 3,091 3,091 Junior subordinated debentures 21,000 — — 13,263 13,263 Accrued interest payable 734 — 369 365 734 The methods and assumptions, not (a) Cash and Cash Equivalents The carrying amou nts 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 (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 3 3 not ( d ) 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 e interest bearing deposits approximate their fair values at the reporting date resulting in a Level 2 2 ( e ) 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, junior subordinated debentures, and senior debt are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 3 ( f ) Accrued Interest Receivable/Payable The carrying amounts of accrued interest approximate fair value resulting in a Level 2 3 lassification based on the level of the asset or liability with which the accrual is associated. |
Note 9 - Income Taxes
Note 9 - Income Taxes | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 9 – Income Taxes Deferred tax assets and liabilities were due to the following as of: September 30 , December 31, 201 7 201 6 (in thousands) Deferred tax assets: Net operating loss carry-forward $ 43,515 $ 42,094 Allowance for loan losses 3,142 3,139 Other real estate owned write-down 3,401 3,366 Alternative minimum tax credit carry-forward 692 692 Net assets from acquisitions 617 674 Net unrealized loss on securities 209 867 New market tax credit carry-forward 208 208 Nonaccrual loan interest 477 481 Accrued e xpenses 193 3,860 Deferred compensation 463 465 Other 394 360 53,311 56,206 Deferred tax liabilities: FHLB stock dividends 928 928 Fixed assets 70 89 Deferred loan costs 266 274 Other 145 866 1,409 2,157 Net deferred tax assets before valuation allowance 51,902 54,049 Valuation allowance (51,902 ) (54,049 ) Net deferred tax asset $ — $ — Our es timate of our ability to realize the deferred tax asset depends 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. September 30, 2017. The Company does not mpany does not twelve no three nine September 30, 2017 September 30, 2016 Under Section 382 Section 382” 382. 5% 50 In 2015, two one July 10, 2015. 5% not 5% not not June 29, 2018, ( no may 382 no On September 23, 2015, our shareholders approved an amendment to the Company’s articles of incorporation to further help protect the long-term value of the Company’s NOLs. The amendment provides a means to block transfers of our common shares that could result in an ownership change under Section 382. September 23, 2018, ( no may 382 no no The Company and its subsidi aries 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 2014 . |
Note 10 - Stock Plans and Stock
Note 10 - Stock Plans and Stock Based Compensation | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 10 – Stock Plans and Stock Based Compensation S hares available for issuance under the 2016 “2016 25,000. three four The Company also maintains the Porter Bancorp, Inc. 2006 “2006 2 ,834 $25,000 December 31 The fair value of t he 2017 $365,000, $9.64 $129,000 $271 ,000 three nine September 30, 2017, $148,000 $315,000 three nine September 30, 2016, No The following table summarizes unvested shar e activity as of and for the periods indicated for the Stock Incentive Plan: Nine Months Ended Twelve Months Ended September 30 , 201 7 December 31, 201 6 Weighted Weighted Average Average Grant Grant Shares Price Shares Price Outstandin g, beginning 179,513 $ 4.89 184,482 $ 4.81 Granted 37,865 9.64 35,465 9.10 Vested (58,650 ) 4.67 (38,462 ) 8.32 Forfeited (1,316 ) 9.35 (1,972 ) 6.16 Outstanding, ending 157,412 $ 6.08 179,513 $ 4.89 Unrecognized stock based compensation expense related to unvested shares for the remainder of 201 7 October 2017 – December 2017 $ 129 201 8 258 201 9 99 20 20 & thereafter 25 |
Note 11 - Earnings Per Share
Note 11 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 1 1 – Earnings per Share The factors used in the basic and diluted earnings per share computations follow: Three Months Ended Nine Months Ended September 30 , September 30 , 201 7 201 6 201 7 201 6 (in thousands, except share and per share data) Net income $ 1,794 $ 1,393 $ 5,183 $ 3,885 Less: Earnings allocated to unvested shares 45 46 133 129 Net inc ome available to common shareholders, $ 1,749 $ 1,347 $ 5,050 $ 3,756 Basic Weighted average common shares including unvested common shares outstanding 6,259,864 6,223,045 6,245,418 5,897,617 Less: Weighted average unvested common shares 157,412 206,829 160,825 195,412 Weighted average common shares outstanding 6,102,452 6,016,216 6,084,593 5,702,205 Basic income per common share $ 0.29 $ 0.22 $ 0.83 $ 0.66 Diluted Add: Dilutive effects of assumed exercises of common stock warrants — — — — Weighted average common shares and potential common shares 6,102,452 6,016,216 6,084,593 5,702,205 Diluted income per common share $ 0.29 $ 0.22 $ 0.83 $ 0.66 The Company had no September 30, 2017 2016. 66,113 $ 79.41 September 30, 2017 2016, not |
Note 12 - Capital Requirements
Note 12 - Capital Requirements and Restrictions on Retained Earnings | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 1 2 – Capital Requirements and Restrictions on Retained Earnings 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% 1.25% 2017, 1.875% 2018, 2.5% 2019. The Bank is no ’s prior consent order was terminated, effective October 31, 2017. On September 21, 2011, Bank in addressing weaknesses identified in a consent order with the FDIC and KDFI (which has since been terminated), to pay no no The following tables show the ratios and amounts of common equity Tier 1, 1 the Company and the Bank at the dates indicated. Regulatory minimums for capital adequacy purposes are prompt corrective action standards. Dollars are in thousands: Actual Minimum Requirement for Capital Adequacy Purposes Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2017: Total risk-based capital (to risk-weighted assets) Consolidated $ 76,402 10.05 % $ 60,833 8.00 % N/A N/A Bank 84,299 11.10 60,761 8.00 $ 75,951 10.00 % Total common equity Tier 1 risk-based capital (to risk-weighted assets) Consolidated 41,719 5.49 34,219 4.50 N/A N/A Bank 73,387 9.66 34,178 4.50 49,368 6.50 Tier 1 capital (to risk-weighted assets) Consolidated 55,613 7.31 45,625 6.00 N/A N/A Bank 73,387 9.66 45,571 6.00 60,761 8.00 Tier 1 capital (to average assets) Consolidated 55,613 5.85 38,056 4.00 N/A N/A Bank 73,387 7.73 37,986 4.00 47,482 5.00 Actual Minimum Requirement for Capital Adequacy Purposes Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio 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 % N/A N/A Bank 68,773 9.88 55,663 8.00 $ 69,579 10.00 % Total common equity Tier 1 risk-based capital (to risk-weighted assets) Consolidated 36,199 5.20 31,339 4.50 N/A N/A Bank 57,642 8.28 31,311 4.50 45,226 6.50 Tier 1 capital (to risk-weighted assets) Consolidated 48,713 6.99 41,786 6.00 N/A N/A Bank 57,642 8.28 41,747 6.00 55,663 8.00 Tier 1 capital (to average assets) Consolidated 48,713 5.27 36,975 4.00 N/A N/A Bank 57,642 6.24 36,949 4.00 46,186 5.00 N/A: Not not Kentucky banking laws limit the dividends that may may ’s net income, as defined in the laws, combined with the retained net income of the preceding two |
Note 13 - Off Balance Sheet Ris
Note 13 - Off Balance Sheet Risks, Commitments, and Contingent Liabilities | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 1 3 – Off Balance Sheet Risks, Commitments, and Contingent Liabilities The Company, in the normal course of business, is party to financial instrumen ts with off balance sheet risk. The financial instruments include commitments to extend credit and standby letters of credit. The contract or notional amounts of these instruments reflect the potential future obligations of the Company pursuant to those financial instruments. Creditworthiness for all instruments is evaluated on a case-by-case basis in accordance with the Company’s credit policies. Collateral from the client may may An approved but unfunded loan commitment represents a potential credit risk and a liquidity risk, since the Company ’s client(s) may may may not one Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a client to a third d risk of loss involved in issuing standby letters of credit are similar to those involved in issuing loan commitments and extending credit. In addition to credit risk, the Company also has liquidity risk associated with standby letters of credit because funding for these obligations could be required immediately. The Company does not No The following table presents the contractual amounts of financial instrume nts with off-balance sheet risk for each period ended: September 30 , 201 7 December 31, 201 6 Fixed Rate Variable Rate Fixed Rate Variable Rate (in thousands) Commitments to make loans $ 32,645 $ 30,764 $ 19,445 $ 18,347 Unused lines of credit 7,252 58,107 7,935 51,407 Standby letters of credit 527 372 582 360 In connection with the purchase of t hree loan participations, the Bank entered into three $19.8 September 30, 2017 $14.6 December 31, 2016. The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business. Litigation is subject to inherent uncertainties and unfavorable rulings could occur. The Company records contingent liabilities resulting from claims against it when a loss is assessed to be probable and the amount of the loss is reasonably estimable. Accruals are not not third not may On October 17, 2014, s Department of Justice (the “DOJ”) notified the Bank that it was the subject of an investigation into possible violations of federal laws, including, among other things, possible violations related to false bank entries, bank fraud and securities fraud. The investigation concerns allegations that Bank personnel engaged in practices intended to delay or avoid disclosure of the Bank’s asset quality at the time of and following the United States Treasury’s purchase of preferred shares from the Company in November 2008. not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation – The consolidated financial statements include Porter Bancorp, Inc. (Company) and its subsidiary, PBI Bank (Bank). The Company owns a 100% The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10 d Rule 10 01 X. not nine September 30, 2017 not may December 31, 2016 10 |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates – To prepare financial statements in conformity with U.S. generally accepted accounting principles, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and future results could differ. |
Reclassification, Policy [Policy Text Block] | Reclassifications – Some items in the prior year financial statements were reclassified to conform to the current presentation. The reclassifications did not |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Standards – August 2015, 2015 14, 606 2014 09, 2014 09. December 15, 2017. not not In January 2016, No. 2016 01, 825 10 1 2 3 4 5 6 7 December 15, 2017. not not In February 2016, o. 2016 02, 842 December 15, 2018. not . In J une 2016, No. 2016 13, 326 first . The standard is effective for public companies for fiscal years beginning after December 15, 2019. one first In March 2017, No. 2017 08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20 first December 15, 2018. |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) September 30 , 201 7 Available for sale U.S. Government and federal agency $ 29,954 $ 106 $ (352 ) $ 29,708 Agency mortgage-backed: residential 91,546 808 (619 ) 91,735 Collateralized loan obligations 23,444 82 — 23,526 State a nd municipal 1,648 13 — 1,661 Corporate bonds 3,079 88 — 3,167 Total available for sale $ 149,671 $ 1,097 $ (971 ) $ 149,797 Amortized Cost Gross Unre cognized Gains Gross Unre cognized Losses Fair Value Held to maturity State and municipal $ 41,424 $ 1,973 $ — $ 43,397 Total held to maturity $ 41,424 $ 1,973 $ — $ 43,397 Amortized Cost Gross Unre alized Gains Gross Unre alized Losses Fair Value (in thousands) Decembe r 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 Unre cognized Gains Gross Unre cognized 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 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (in thousands) (in thousands) Proceeds $ 2,000 $ 2,555 $ 2,047 $ 6,276 Gross gains — 13 — 216 Gross losses — 29 5 29 |
Investments Classified by Contractual Maturity Date [Table Text Block] | September 30 , 201 7 Amortized Cost Fair Value (in thousands) Maturity Available for sale Within one year $ 7,340 $ 7,432 One to five years 15,019 15,102 Five to ten years 32,715 32,464 Beyond ten years 3,051 3,064 Agency mortgage-backed: residential 91,546 91,735 Total $ 149,671 $ 149,797 Held to maturity Within one year $ 646 $ 646 One to five years 27,619 28,729 Five to ten years 13,159 14,022 Total $ 41,424 $ 43,397 |
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) September 30 , 201 7 Available for sale U.S. Government and federal Agency $ 19,543 $ (324 ) $ 1,125 $ (28 ) $ 20,668 $ (352 ) Agency mortgage-backed: residential 29,928 (489 ) 7,261 (130 ) 37,189 (619 ) Total temporarily impaired $ 49,471 $ (813 ) $ 8,386 $ (158 ) $ 57,857 $ (971 ) December 31, 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 ) |
Note 3 - Loans (Tables)
Note 3 - Loans (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30 , December 31, 2017 2016 (in thousands) Commercial $ 107,616 $ 97,761 Commercial Real Estate: Construction 44,956 36,330 Farmland 88,370 71,507 Nonfarm nonresidential 157,956 149,546 Residential Real Estate: Multi-family 55,684 48,197 1-4 Family 173,213 188,092 Consumer 8,474 9,818 Agriculture 45,675 37,508 Other 567 477 Subtotal 682,511 639,236 Less: Allowance for loan losses (8,977 ) (8,967 ) Loans, net $ 673,534 $ 630,269 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30 , 201 7 : Beginning balance $ 956 $ 4,223 $ 3,317 $ 53 $ 335 $ 1 $ 8,885 Provision (negative provision) (41 ) 206 (147 ) (31 ) 15 (2 ) – Loans charged off (5 ) – (57 ) (5 ) – – (67 ) Recoveries 3 9 103 25 16 3 159 Ending balance $ 913 $ 4,438 $ 3,216 $ 42 $ 366 $ 2 $ 8,977 September 30 , 2016 : Beginning balance $ 730 $ 5,429 $ 3,778 $ 47 $ 119 $ 1 $ 10,104 Provision (negative provision) (195 ) (436 ) (142 ) (26 ) 79 (30 ) (750 ) Loans charged off (15 ) (232 ) (131 ) (21 ) (5 ) (1 ) (405 ) Recoveries 102 354 27 23 1 33 540 Ending balance $ 622 $ 5,115 $ 3,532 $ 23 $ 194 $ 3 $ 9,489 Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30, 2017: Beginning balance $ 475 $ 4,894 $ 3,426 $ 8 $ 162 $ 2 $ 8,967 P rovision (negative provision) 399 (791 ) 134 (5 ) 274 (11 ) – Loans charged off (5 ) (58 ) (512 ) (30 ) (95 ) – (700 ) Recoveries 44 393 168 69 25 11 710 Ending balance $ 913 $ 4,438 $ 3,216 $ 42 $ 366 $ 2 $ 8,977 September 30, 2016: Beginning balance $ 818 $ 6,993 $ 3,984 $ 122 $ 122 $ 2 $ 12,041 Provision (negative provision) (89 ) (2,024 ) 458 (259 ) (1 ) 15 (1,900 ) Loans charged off (276 ) (477 ) (1,181 ) (56 ) (13 ) (79 ) (2,082 ) Recoveries 169 623 271 216 86 65 1,430 Ending balance $ 622 $ 5,115 $ 3,532 $ 23 $ 194 $ 3 $ 9,489 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 $ 26 $ 386 $ – $ – $ – $ 425 Collectively evaluated for impairment 900 4,412 2,830 42 366 2 8,552 Total ending allowance balance $ 913 $ 4,438 $ 3,216 $ 42 $ 366 $ 2 $ 8,977 Loans: Loans individually evaluated for impairment $ 608 $ 2,749 $ 4,092 $ – $ 60 $ – $ 7,509 Loans collectively evaluated for impairment 107,008 288,533 224,805 8,474 45,615 567 675,002 Total ending loans balance $ 107,616 $ 291,282 $ 228,897 $ 8,474 $ 45,675 $ 567 $ 682,511 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 |
Impaired Financing Receivables [Table Text Block] | Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 724 $ 508 $ — $ 499 $ — $ 497 $ — Commercial real estate: Construction — — — — — — — Farmland 3,783 2,155 — 2,336 — 2,800 209 Nonfarm nonresidential 773 301 — 311 1 752 53 Residential real estate: Multi-family — — — — — 1,025 — 1-4 Family 3,858 2,470 — 2,879 22 2,909 50 Consumer 8 — — — 2 2 2 Agriculture 130 60 — 60 1 30 1 Other — — — — — — — Subtotal 9,276 5,494 — 6,085 26 8,015 315 With A Related Allowance Recorded: Commercial 100 100 13 100 1 100 5 Commercial real estate: Construction — — — — — — — Farmland — — — — — 294 — Nonfarm nonresidential 293 293 26 294 5 298 14 Residential real estate: Multi-family — — — — — — — 1-4 Family 1,183 1,622 386 1,412 17 1,465 51 Consumer — — — — — — — Agriculture — — — — — 30 — Other — — — — — — — Subtotal 1,576 2,015 425 1,806 23 2,187 70 Total $ 10,852 $ 7,509 $ 425 $ 7,891 $ 49 $ 10,202 $ 385 As of December 31, 2016 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 707 $ 495 $ — $ 659 $ — $ 824 $ 1 Commercial real estate: Construction — — — 129 3 195 9 Farmland 5,566 3,742 — 4,404 79 4,299 87 Nonfarm nonresidential 4,502 1,219 — 4,023 2 5,569 308 Residential real estate: Multi-family 4,100 4,100 — 3,254 179 2,235 237 1-4 Family 4,663 2,910 — 3,523 14 6,159 85 Consumer 41 1 — 4 — 8 8 Agriculture — — — 69 — 92 — Other — — — — — — — Subtotal 19,579 12,467 — 16,065 277 19,381 735 With A Related Allowance Recorded: Commercial 100 100 13 — — — — Commercial real estate: Construction — — — — — — — Farmland 614 590 5 600 — 300 — Nonfarm nonresidential 303 303 30 405 6 421 18 Residential real estate: Multi-family — — — 2,080 — 3,133 101 1-4 Family 1,676 1,611 350 1,656 20 1,671 74 Consumer — — — — — — — Agriculture 78 60 1 68 — 34 — Other — — — — — — — Subtotal 2,771 2,664 399 4,809 26 5,559 193 Total $ 22,350 $ 15,131 $ 399 $ 20,874 $ 303 $ 24,940 $ 928 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) September 30 , 201 7 Commercial Rate reduction $ — $ 33 $ 33 Principal deferral — 434 434 Commercial Real Estate: Farmland Principal deferral — 1,465 1,465 Nonfarm nonresidential Rate reduction 489 — 489 Residential Real Estate: 1-4 Family Rate reduction 737 — 737 Total TDRs $ 1,226 $ 1,932 $ 3,158 TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 201 6 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 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | Nonaccrual Loans Past Due 90 Days And Over Still Accruing September 30 , 201 7 December 31, 201 6 September 30 , 201 7 December 31, 201 6 (in t housands) Commercial $ 508 $ 495 $ — $ — Commercial Real Estate: Construction — — — — Farmland 2,155 4,332 — — Nonfarm nonresidential 105 1,016 — — Residential Real Estate: Multi-family — — — — 1-4 Family 2,941 3,312 — — Consumer — 1 — — Agriculture 60 60 — — Other — — — — Total $ 5,769 $ 9,216 $ — $ — |
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) September 30 , 201 7 Commercial $ 2 $ — $ — $ 508 $ 510 Commercial Real Estate: Construction — — — — — Farmland 281 19 — 2,155 2,455 Nonfarm nonresidential 239 — — 105 344 Resid ential Real Estate: Multi-family — — — — — 1-4 Family 300 593 — 2,941 3,834 Consumer 50 — — — 50 Agriculture — — — 60 60 Other — — — — — Total $ 872 $ 612 $ — $ 5,769 $ 7,253 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 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Pass Watch Special Mention Substandard Doubtful Total (in thousands) September 30 , 201 7 Commercial $ 106,645 $ 228 $ — $ 743 $ — $ 107,616 Commercial Real Estate: Construction 44,956 — — — — 44,956 Farmland 78,156 5,935 — 4,279 — 88,370 Nonfarm nonresidential 153,026 2,948 432 1,550 — 157,956 Residential Real Estate: Multi-family 46,100 9,584 — — — 55,684 1-4 Family 162,476 4,473 166 6,098 — 173,213 Consumer 8,062 323 — 89 — 8,474 Agriculture 33,215 11,676 — 784 — 45,675 Other 567 — — — — 567 Total $ 633,203 $ 35,167 $ 598 $ 13,543 $ — $ 682,511 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 |
Note 4 - Other Real Estate Ow24
Note 4 - Other Real Estate Owned (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Real Estate Properties [Table Text Block] | September 30 , 2017 December 31, 201 6 (in thousands) Commercial Real Estate: Construction, land development, and other land $ 6,200 $ 6,571 Farmland 74 — Residential Real Estate: 1-4 Family 56 250 $ 6,330 $ 6,821 |
Schedule of Expenses Related to Foreclosed Real Estate [Table Text Block] | For the Nine Months Ended September 3 0 , 201 7 201 6 (in thousands) OREO Activity OREO as of January 1 $ 6,821 $ 19,214 Real estate acquired 270 1,243 Valuation adjustment write-downs (98 ) (970 ) Net gain on sales 75 221 Proceeds from sales of properties (738 ) (12,610 ) OREO as of September 30 $ 6,330 $ 7,098 |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 (in thousands) (in thousands) Net gain on sales $ (10 ) $ (52 ) $ (75 ) $ (221 ) Valuation adjustment write-downs 98 320 98 970 Operating expense 23 54 69 535 Total $ 111 $ 322 $ 92 $ 1,284 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Deposits [Table Text Block] | September 30 , 201 7 December 31, 201 6 (in thousands) Non-interest bearing $ 133,896 $ 124,395 Interest checking 94,523 103,876 Money market 156,905 142,497 Savings 35,946 34,518 Certificates of deposit 445,577 444,639 Total $ 866,847 $ 849,925 |
Schedule of Maturities of Time Deposits [Table Text Block] | Year 1 $ 221,600 Year 2 174,906 Year 3 35,418 Year 4 6,626 Year 5 7,027 $ 445,577 |
Note 6 - Advances From the Fe26
Note 6 - Advances From the Federal Home Loan Bank (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | September 30 , December 31, 201 7 201 6 (in thousands) A dvances with fixed rates from 0.00% to 5.24% and maturities ranging 017 through 2033, averaging 1.24% at September 30, 2017 and 0.85% at December 31, 2016 $ 16,847 $ 22,458 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Advances Year 1 $ 15,203 Year 2 182 Year 3 492 Year 4 739 Year 5 108 Thereafter 123 $ 16,847 |
Note 8 - Fair Values Measurem27
Note 8 - Fair Values Measurement (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | Fair Value Measurements at September 30 , 201 7 Using (in thousands) Quoted Prices In Significant Active Markets for Significant Other Unobservable Carrying Identical Assets Observa ble Inputs Inputs Description Value (Level 1) (Level 2) (Level 3) Availab le for sale securities U.S. Government and federal agency $ 29,708 $ — $ 29,708 $ — Agency mortgage-backed: residential 91,735 — 91,735 — Collateralized loan obligations 23,526 — 23,526 — State and municipal 1,661 — 1,661 — Corporate bonds 3,167 — 3,167 — Total $ 149,797 $ — $ 149,797 $ — 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) Availabl e 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 September 30 , 201 7 Using (in thousands) Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Description Impaired loans: Commercial $ 87 $ — $ — $ 87 Commercial real estate: Construction — — — — Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 1,236 — — 1,236 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned: Commercial real estate: Construction , land development, and other land 6,200 — — 6,200 Farmland 74 — — 74 Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 56 — — 56 Fair Value Measurements at December 31, 201 6 Using (in thousands) Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Description 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: Commercial real estate: Construction , land development, and other land 6,571 — — 6,571 Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 250 — — 250 |
Fair Value Assets Measured on Nonrecurring Basis Unobservable Input Reconciliation [Table Text Block] | Fair Value Valuation Technique(s) Unobservable Input(s) Range (W eighted Average) (in thousands ) Impaired loans – Residential real estate $ 1,236 Sales comparison approach Adjustment for differences between the comparable sales 0% - 34% (11%) Other real estate owned – Commercial real estate $ 6,274 Sales comparison approach Adjustment for differences between the comparable sales 0% - 11% (5%) Income approach Discount or capitalization rate 18% (18%) 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% (9%) Income approach Discount or capitalization rate 18% - 20% (19%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at September 30 , 201 7 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 47,369 $ 27,815 $ 19,554 $ — $ 47,369 Securities available for sale 149,797 — 149,797 — 149,797 Securities held to maturity 41,424 — 43,397 — 43,397 Federal Home Loan Bank stock 7,323 N/A N/A N/A N/A Loans, net 673,534 — — 673,616 673,616 Accrued interest receivable 3,285 — 1,137 2,148 3,285 Financial liabilities Deposits $ 866,847 $ 133,896 $ 719,827 $ — $ 853,723 Federal Home Loan Bank advances 16,847 — 16,865 — 16,865 Subordinated capital note 2,475 — — 2,458 2,458 Junior subordinated debentures 21,000 — — 19,087 19,087 Senior debt 10,000 — — 10,000 10,000 Accrued interest payable 1,284 — 366 918 1,284 Fair Value Measurements at December 31, 201 6 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, 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 note 3,150 — — 3,091 3,091 Junior subordinated debentures 21,000 — — 13,263 13,263 Accrued interest payable 734 — 369 365 734 |
Note 9 - Income Taxes (Tables)
Note 9 - Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | September 30 , December 31, 201 7 201 6 (in thousands) Deferred tax assets: Net operating loss carry-forward $ 43,515 $ 42,094 Allowance for loan losses 3,142 3,139 Other real estate owned write-down 3,401 3,366 Alternative minimum tax credit carry-forward 692 692 Net assets from acquisitions 617 674 Net unrealized loss on securities 209 867 New market tax credit carry-forward 208 208 Nonaccrual loan interest 477 481 Accrued e xpenses 193 3,860 Deferred compensation 463 465 Other 394 360 53,311 56,206 Deferred tax liabilities: FHLB stock dividends 928 928 Fixed assets 70 89 Deferred loan costs 266 274 Other 145 866 1,409 2,157 Net deferred tax assets before valuation allowance 51,902 54,049 Valuation allowance (51,902 ) (54,049 ) Net deferred tax asset $ — $ — |
Note 10 - Stock Plans and Sto29
Note 10 - Stock Plans and Stock Based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Nonvested Share Activity [Table Text Block] | Nine Months Ended Twelve Months Ended September 30 , 201 7 December 31, 201 6 Weighted Weighted Average Average Grant Grant Shares Price Shares Price Outstandin g, beginning 179,513 $ 4.89 184,482 $ 4.81 Granted 37,865 9.64 35,465 9.10 Vested (58,650 ) 4.67 (38,462 ) 8.32 Forfeited (1,316 ) 9.35 (1,972 ) 6.16 Outstanding, ending 157,412 $ 6.08 179,513 $ 4.89 |
Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block] | October 2017 – December 2017 $ 129 201 8 258 201 9 99 20 20 & thereafter 25 |
Note 11 - Earnings Per Share (T
Note 11 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Nine Months Ended September 30 , September 30 , 201 7 201 6 201 7 201 6 (in thousands, except share and per share data) Net income $ 1,794 $ 1,393 $ 5,183 $ 3,885 Less: Earnings allocated to unvested shares 45 46 133 129 Net inc ome available to common shareholders, $ 1,749 $ 1,347 $ 5,050 $ 3,756 Basic Weighted average common shares including unvested common shares outstanding 6,259,864 6,223,045 6,245,418 5,897,617 Less: Weighted average unvested common shares 157,412 206,829 160,825 195,412 Weighted average common shares outstanding 6,102,452 6,016,216 6,084,593 5,702,205 Basic income per common share $ 0.29 $ 0.22 $ 0.83 $ 0.66 Diluted Add: Dilutive effects of assumed exercises of common stock warrants — — — — Weighted average common shares and potential common shares 6,102,452 6,016,216 6,084,593 5,702,205 Diluted income per common share $ 0.29 $ 0.22 $ 0.83 $ 0.66 |
Note 12 - Capital Requirement31
Note 12 - Capital Requirements and Restrictions on Retained Earnings (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Minimum Requirement for Capital Adequacy Purposes Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30, 2017: Total risk-based capital (to risk-weighted assets) Consolidated $ 76,402 10.05 % $ 60,833 8.00 % N/A N/A Bank 84,299 11.10 60,761 8.00 $ 75,951 10.00 % Total common equity Tier 1 risk-based capital (to risk-weighted assets) Consolidated 41,719 5.49 34,219 4.50 N/A N/A Bank 73,387 9.66 34,178 4.50 49,368 6.50 Tier 1 capital (to risk-weighted assets) Consolidated 55,613 7.31 45,625 6.00 N/A N/A Bank 73,387 9.66 45,571 6.00 60,761 8.00 Tier 1 capital (to average assets) Consolidated 55,613 5.85 38,056 4.00 N/A N/A Bank 73,387 7.73 37,986 4.00 47,482 5.00 Actual Minimum Requirement for Capital Adequacy Purposes Minimum Requirement to be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio 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 % N/A N/A Bank 68,773 9.88 55,663 8.00 $ 69,579 10.00 % Total common equity Tier 1 risk-based capital (to risk-weighted assets) Consolidated 36,199 5.20 31,339 4.50 N/A N/A Bank 57,642 8.28 31,311 4.50 45,226 6.50 Tier 1 capital (to risk-weighted assets) Consolidated 48,713 6.99 41,786 6.00 N/A N/A Bank 57,642 8.28 41,747 6.00 55,663 8.00 Tier 1 capital (to average assets) Consolidated 48,713 5.27 36,975 4.00 N/A N/A Bank 57,642 6.24 36,949 4.00 46,186 5.00 |
Note 13 - Off Balance Sheet R32
Note 13 - Off Balance Sheet Risks, Commitments, and Contingent Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | September 30 , 201 7 December 31, 201 6 Fixed Rate Variable Rate Fixed Rate Variable Rate (in thousands) Commitments to make loans $ 32,645 $ 30,764 $ 19,445 $ 18,347 Unused lines of credit 7,252 58,107 7,935 51,407 Standby letters of credit 527 372 582 360 |
Note 1 - Basis of Presentatio33
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) | Sep. 30, 2017 |
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% |
Note 2 - Securities (Details Te
Note 2 - Securities (Details Textual) xbrli-pure in Thousands, $ in Thousands | Sep. 30, 2017USD ($) | Dec. 31, 2016USD ($) |
Available-for-sale Securities Pledged as Collateral | $ 85,300 | $ 61,200 |
Available-for-sale Securities | $ 149,797 | $ 152,790 |
Concentration Risk Number | 0 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ 0 | $ 18 |
Kentucky [Member] | ||
Available-for-sale Securities Pledged as Collateral | 15,800 | 16,400 |
Texas [Member] | ||
Available-for-sale Securities | $ 4,300 | $ 4,300 |
Note 2 - Securities - Amortized
Note 2 - Securities - Amortized Cost, Gross Unrealized Gains or Losses, and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Available for sale securities, amortized cost | $ 149,671 | $ 154,447 |
Available for sale securities, gross unrealized gains | 1,097 | 554 |
Available for sale securities, gross unrealized losses | (971) | (2,211) |
Securities available for sale | 149,797 | 152,790 |
Held to maturity securities, amortized cost | 41,424 | 41,818 |
Held to maturity securities, gross unrecognized gains | 1,973 | 1,272 |
Held to maturity securities, gross unrecognized losses | (18) | |
Securities held to maturity, fair value | 43,397 | 43,072 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 1,648 | 2,028 |
Available for sale securities, gross unrealized gains | 13 | 25 |
Available for sale securities, gross unrealized losses | (8) | |
Securities available for sale | 1,661 | 2,045 |
Held to maturity securities, amortized cost | 41,424 | 41,818 |
Held to maturity securities, gross unrecognized gains | 1,973 | 1,272 |
Held to maturity securities, gross unrecognized losses | (18) | |
Securities held to maturity, fair value | 43,397 | 43,072 |
US Treasury and Government [Member] | ||
Available for sale securities, amortized cost | 29,954 | 34,757 |
Available for sale securities, gross unrealized gains | 106 | 50 |
Available for sale securities, gross unrealized losses | (352) | (708) |
Securities available for sale | 29,708 | 34,099 |
Residential Mortgage Backed Securities [Member] | ||
Available for sale securities, amortized cost | 91,546 | 103,390 |
Available for sale securities, gross unrealized gains | 808 | 455 |
Available for sale securities, gross unrealized losses | (619) | (1,492) |
Securities available for sale | 91,735 | 102,353 |
Collateralized Debt Obligations [Member] | ||
Available for sale securities, amortized cost | 23,444 | 11,203 |
Available for sale securities, gross unrealized gains | 82 | |
Available for sale securities, gross unrealized losses | ||
Securities available for sale | 23,526 | 11,203 |
Corporate Debt Securities [Member] | ||
Available for sale securities, amortized cost | 3,079 | 3,069 |
Available for sale securities, gross unrealized gains | 88 | 24 |
Available for sale securities, gross unrealized losses | (3) | |
Securities available for sale | $ 3,167 | $ 3,090 |
Note 2 - Securities - Sales and
Note 2 - Securities - Sales and Calls of Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Proceeds | $ 2,000 | $ 2,555 | $ 2,047 | $ 6,276 |
Gross gains | 13 | 216 | ||
Gross losses | $ 29 | $ 5 | $ 29 |
Note 2 - Securities - Amortiz37
Note 2 - Securities - Amortized Cost and Fair Value of Debt Investment Securities Portfolio by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Within one year, amortized cost | $ 7,340 | |
Within one year, fair value | 7,432 | |
One to five years, amortized cost | 15,019 | |
One to five years, fair value | 15,102 | |
Five to ten years, amortized cost | 32,715 | |
Five to ten years, fair value | 32,464 | |
Beyond ten years, amortized cost | 3,051 | |
Beyond ten years, fair value | 3,064 | |
Agency mortgage-backed: residential, amortized cost | 91,546 | |
Agency mortgage-backed: residential, fair value | 91,735 | |
Total, amortized cost | 149,671 | |
Total, fair value | 149,797 | |
Within one year, amortized cost | 646 | |
Within one year, fair value | 646 | |
One to five years, amortized cost | 27,619 | |
One to five years, fair value | 28,729 | |
Five to ten years, amortized cost | 13,159 | |
Five to ten years, fair value | 14,022 | |
Total, amortized cost | 41,424 | $ 41,818 |
Total, fair value | $ 43,397 | $ 43,072 |
Note 2 - Securities - Securitie
Note 2 - Securities - Securities With Unrealized Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Available for sale, fair value, less than 12 months | $ 49,471 | $ 91,663 |
Available for sale, unrealized loss, less than 12 months | (813) | (2,165) |
Available for sale, fair value, 12 months or more | 8,386 | 4,311 |
Available for sale, unrealized loss, 12 months or more | (158) | (46) |
Available for sale, fair value | 57,857 | 95,974 |
Available for sale, unrealized loss | (971) | (2,211) |
Held to Maturity, fair value, less than 12 months | 1,540 | |
Held to Maturity, unrealized loss, less than 12 months | (18) | |
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 | |
Held to Maturity, unrealized loss | 0 | (18) |
US Treasury and Government [Member] | ||
Available for sale, fair value, less than 12 months | 19,543 | 27,738 |
Available for sale, unrealized loss, less than 12 months | (324) | (708) |
Available for sale, fair value, 12 months or more | 1,125 | |
Available for sale, unrealized loss, 12 months or more | (28) | |
Available for sale, fair value | 20,668 | 27,738 |
Available for sale, unrealized loss | (352) | (708) |
Residential Mortgage Backed Securities [Member] | ||
Available for sale, fair value, less than 12 months | 29,928 | 63,460 |
Available for sale, unrealized loss, less than 12 months | (489) | (1,449) |
Available for sale, fair value, 12 months or more | 7,261 | 2,745 |
Available for sale, unrealized loss, 12 months or more | (130) | (43) |
Available for sale, fair value | 37,189 | 66,205 |
Available for sale, unrealized loss | $ (619) | (1,492) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale, fair value, less than 12 months | 465 | |
Available for sale, unrealized loss, less than 12 months | (8) | |
Available for sale, fair value, 12 months or more | ||
Available for sale, unrealized loss, 12 months or more | ||
Available for sale, fair value | 465 | |
Available for sale, unrealized loss | (8) | |
Held to Maturity, fair value, less than 12 months | 1,540 | |
Held to Maturity, unrealized loss, less than 12 months | (18) | |
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 | |
Held to Maturity, unrealized loss | (18) | |
Corporate Debt Securities [Member] | ||
Available for sale, fair value, less than 12 months | ||
Available for sale, unrealized loss, less than 12 months | ||
Available for sale, fair value, 12 months or more | 1,566 | |
Available for sale, unrealized loss, 12 months or more | (3) | |
Available for sale, fair value | 1,566 | |
Available for sale, unrealized loss | $ (3) |
Note 3 - Loans (Details Textual
Note 3 - Loans (Details Textual) | 1 Months Ended | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2017 | Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Dec. 31, 2016USD ($) | |
Impaired Financing Receivable, Interest Income, Cash Basis Method | $ 24,000 | $ 87,000 | $ 309,000 | $ 377,000 | ||
Financing Receivable Modifications Percentage of Performing TDRs to Total TDRs | 39.00% | 39.00% | 61.00% | |||
Troubled Debt Restructuring Reserve | $ 141,000 | $ 141,000 | $ 197,000 | |||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | 0 | |||
Financing Receivable, Transfer Out from TDR, Number of Contracts | 2 | |||||
Financing Receivable, Transfer Out from TDR, Recorded Investmentts | $ 4,100,000 | |||||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | 0 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | ||||
Minimum Outstanding Balance for Loans to be Qualified for Credit Risk Analysis | $ 500,000 | $ 500,000 |
Note 3 - Loans - Loans (Details
Note 3 - Loans - Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Gross loans | $ 682,511 | $ 639,236 |
Less: Allowance for loan losses | (8,977) | (8,967) |
Loans, net | 673,534 | 630,269 |
Commercial Portfolio Segment [Member] | ||
Gross loans | 107,616 | 97,761 |
Less: Allowance for loan losses | (913) | (475) |
Commercial Real Estate Portfolio Segment [Member] | ||
Gross loans | 291,282 | 257,383 |
Less: Allowance for loan losses | (4,438) | (4,894) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Gross loans | 44,956 | 36,330 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Gross loans | 88,370 | 71,507 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Gross loans | 157,956 | 149,546 |
Residential Portfolio Segment [Member] | ||
Gross loans | 228,897 | 236,289 |
Less: Allowance for loan losses | (3,216) | (3,426) |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Gross loans | 55,684 | 48,197 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Gross loans | 173,213 | 188,092 |
Consumer Portfolio Segment [Member] | ||
Gross loans | 8,474 | 9,818 |
Less: Allowance for loan losses | (42) | (8) |
Agriculture Portfolio Segment [Member] | ||
Gross loans | 45,675 | 37,508 |
Less: Allowance for loan losses | (366) | (162) |
Other Portfolio Segment [Member] | ||
Gross loans | 567 | 477 |
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 | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Balance | $ 8,885 | $ 10,104 | $ 8,967 | $ 12,041 | |
Negative provision for loan losses | (750) | (1,900) | |||
Loans charged off | (67) | (405) | (700) | (2,082) | |
Recoveries | 159 | 540 | 710 | 1,430 | |
Balance | 8,977 | 9,489 | 8,977 | 9,489 | |
Individually evaluated for impairment | 425 | 425 | $ 399 | ||
Collectively evaluated for impairment | 8,552 | 8,552 | 8,568 | ||
Total ending allowance balance | 8,977 | 8,977 | 8,967 | ||
Loans individually evaluated for impairment | 7,509 | 7,509 | 15,131 | ||
Loans collectively evaluated for impairment | 675,002 | 675,002 | 624,105 | ||
Total ending loans balance | 682,511 | 682,511 | 639,236 | ||
Commercial Portfolio Segment [Member] | |||||
Balance | 956 | 730 | 475 | 818 | |
Negative provision for loan losses | (41) | (195) | 399 | (89) | |
Loans charged off | (5) | (15) | (5) | (276) | |
Recoveries | 3 | 102 | 44 | 169 | |
Balance | 913 | 622 | 913 | 622 | |
Individually evaluated for impairment | 13 | 13 | 13 | ||
Collectively evaluated for impairment | 900 | 900 | 462 | ||
Total ending allowance balance | 913 | 913 | 475 | ||
Loans individually evaluated for impairment | 608 | 608 | 595 | ||
Loans collectively evaluated for impairment | 107,008 | 107,008 | 97,166 | ||
Total ending loans balance | 107,616 | 107,616 | 97,761 | ||
Commercial Real Estate Portfolio Segment [Member] | |||||
Balance | 4,223 | 5,429 | 4,894 | 6,993 | |
Negative provision for loan losses | 206 | (436) | (791) | (2,024) | |
Loans charged off | (232) | (58) | (477) | ||
Recoveries | 9 | 354 | 393 | 623 | |
Balance | 4,438 | 5,115 | 4,438 | 5,115 | |
Individually evaluated for impairment | 26 | 26 | 35 | ||
Collectively evaluated for impairment | 4,412 | 4,412 | 4,859 | ||
Total ending allowance balance | 4,438 | 4,438 | 4,894 | ||
Loans individually evaluated for impairment | 2,749 | 2,749 | 5,854 | ||
Loans collectively evaluated for impairment | 288,533 | 288,533 | 251,529 | ||
Total ending loans balance | 291,282 | 291,282 | 257,383 | ||
Residential Portfolio Segment [Member] | |||||
Balance | 3,317 | 3,778 | 3,426 | 3,984 | |
Negative provision for loan losses | (147) | (142) | 134 | 458 | |
Loans charged off | (57) | (131) | (512) | (1,181) | |
Recoveries | 103 | 27 | 168 | 271 | |
Balance | 3,216 | 3,532 | 3,216 | 3,532 | |
Individually evaluated for impairment | 386 | 386 | 350 | ||
Collectively evaluated for impairment | 2,830 | 2,830 | 3,076 | ||
Total ending allowance balance | 3,216 | 3,216 | 3,426 | ||
Loans individually evaluated for impairment | 4,092 | 4,092 | 8,621 | ||
Loans collectively evaluated for impairment | 224,805 | 224,805 | 227,668 | ||
Total ending loans balance | 228,897 | 228,897 | 236,289 | ||
Consumer Portfolio Segment [Member] | |||||
Balance | 53 | 47 | 8 | 122 | |
Negative provision for loan losses | (31) | (26) | (5) | (259) | |
Loans charged off | (5) | (21) | (30) | (56) | |
Recoveries | 25 | 23 | 69 | 216 | |
Balance | 42 | 23 | 42 | 23 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 42 | 42 | 8 | ||
Total ending allowance balance | 42 | 42 | 8 | ||
Loans individually evaluated for impairment | 1 | ||||
Loans collectively evaluated for impairment | 8,474 | 8,474 | 9,817 | ||
Total ending loans balance | 8,474 | 8,474 | 9,818 | ||
Agriculture Portfolio Segment [Member] | |||||
Balance | 335 | 119 | 162 | 122 | |
Negative provision for loan losses | 15 | 79 | 274 | (1) | |
Loans charged off | (5) | (95) | (13) | ||
Recoveries | 16 | 1 | 25 | 86 | |
Balance | 366 | 194 | 366 | 194 | |
Individually evaluated for impairment | 1 | ||||
Collectively evaluated for impairment | 366 | 366 | 161 | ||
Total ending allowance balance | 366 | 366 | 162 | ||
Loans individually evaluated for impairment | 60 | 60 | 60 | ||
Loans collectively evaluated for impairment | 45,615 | 45,615 | 37,448 | ||
Total ending loans balance | 45,675 | 45,675 | 37,508 | ||
Other Portfolio Segment [Member] | |||||
Balance | 1 | 1 | 2 | 2 | |
Negative provision for loan losses | (2) | (30) | (11) | 15 | |
Loans charged off | (1) | (79) | |||
Recoveries | 3 | 33 | 11 | 65 | |
Balance | 2 | $ 3 | 2 | $ 3 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Collectively evaluated for impairment | 2 | 2 | 2 | ||
Total ending allowance balance | 2 | 2 | 2 | ||
Loans individually evaluated for impairment | 0 | 0 | 0 | ||
Loans collectively evaluated for impairment | 567 | 567 | 477 | ||
Total ending loans balance | $ 567 | $ 567 | $ 477 |
Note 3 - Loans - Loans Individu
Note 3 - Loans - Loans Individually Evaluated for Impairment by Class of Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Unpaid principal balance, with no related allowance recorded | $ 9,276 | $ 9,276 | $ 19,579 | ||
Recorded investment, with no related allowance recorded | 5,494 | 5,494 | 12,467 | ||
Average recorded investment, with no related allowance recorded | 6,085 | $ 16,065 | 8,015 | $ 19,381 | |
Interest income recognized, with no related allowance recorded | 26 | 277 | 315 | 735 | |
Unpaid principal balance, with an allowance recorded | 1,576 | 1,576 | 2,771 | ||
Recorded investment, with an allowance recorded | 2,015 | 2,015 | 2,664 | ||
Allowance for loan losses allocated, with an allowance recorded | 425 | 425 | 399 | ||
Average recorded investment, with an allowance recorded | 1,806 | 4,809 | 2,187 | 5,559 | |
Interest income recognized, with an allowance recorded | 23 | 26 | 70 | 193 | |
Unpaid principal balance, total | 10,852 | 10,852 | 22,350 | ||
Recorded investment, total | 7,509 | 7,509 | 15,131 | ||
Average recorded investment, total | 7,891 | 20,874 | 10,202 | 24,940 | |
Interest income recognized, total | 49 | 303 | 385 | 928 | |
Commercial Portfolio Segment [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 724 | 724 | 707 | ||
Recorded investment, with no related allowance recorded | 508 | 508 | 495 | ||
Average recorded investment, with no related allowance recorded | 499 | 659 | 497 | 824 | |
Interest income recognized, with no related allowance recorded | 0 | 0 | 0 | 1 | |
Unpaid principal balance, with an allowance recorded | 100 | 100 | 100 | ||
Recorded investment, with an allowance recorded | 100 | 100 | 100 | ||
Allowance for loan losses allocated, with an allowance recorded | 13 | 13 | 13 | ||
Average recorded investment, with an allowance recorded | 100 | 0 | 100 | 0 | |
Interest income recognized, with an allowance recorded | 1 | 0 | 5 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 0 | 0 | 0 | ||
Recorded investment, with no related allowance recorded | 0 | 0 | 0 | ||
Average recorded investment, with no related allowance recorded | 0 | 129 | 0 | 195 | |
Interest income recognized, with no related allowance recorded | 0 | 3 | 0 | 9 | |
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 | 0 | |
Interest income recognized, with an allowance recorded | 0 | 0 | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 3,783 | 3,783 | 5,566 | ||
Recorded investment, with no related allowance recorded | 2,155 | 2,155 | 3,742 | ||
Average recorded investment, with no related allowance recorded | 2,336 | 4,404 | 2,800 | 4,299 | |
Interest income recognized, with no related allowance recorded | 0 | 79 | 209 | 87 | |
Unpaid principal balance, with an allowance recorded | 0 | 0 | 614 | ||
Recorded investment, with an allowance recorded | 0 | 0 | 590 | ||
Allowance for loan losses allocated, with an allowance recorded | 0 | 0 | 5 | ||
Average recorded investment, with an allowance recorded | 0 | 600 | 294 | 300 | |
Interest income recognized, with an allowance recorded | 0 | 0 | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 773 | 773 | 4,502 | ||
Recorded investment, with no related allowance recorded | 301 | 301 | 1,219 | ||
Average recorded investment, with no related allowance recorded | 311 | 4,023 | 752 | 5,569 | |
Interest income recognized, with no related allowance recorded | 1 | 2 | 53 | 308 | |
Unpaid principal balance, with an allowance recorded | 293 | 293 | 303 | ||
Recorded investment, with an allowance recorded | 293 | 293 | 303 | ||
Allowance for loan losses allocated, with an allowance recorded | 26 | 26 | 30 | ||
Average recorded investment, with an allowance recorded | 294 | 405 | 298 | 421 | |
Interest income recognized, with an allowance recorded | 5 | 6 | 14 | 18 | |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 0 | 0 | 4,100 | ||
Recorded investment, with no related allowance recorded | 0 | 0 | 4,100 | ||
Average recorded investment, with no related allowance recorded | 0 | 3,254 | 1,025 | 2,235 | |
Interest income recognized, with no related allowance recorded | 0 | 179 | 0 | 237 | |
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 | 2,080 | 0 | 3,133 | |
Interest income recognized, with an allowance recorded | 0 | 0 | 0 | 101 | |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 3,858 | 3,858 | 4,663 | ||
Recorded investment, with no related allowance recorded | 2,470 | 2,470 | 2,910 | ||
Average recorded investment, with no related allowance recorded | 2,879 | 3,523 | 2,909 | 6,159 | |
Interest income recognized, with no related allowance recorded | 22 | 14 | 50 | 85 | |
Unpaid principal balance, with an allowance recorded | 1,183 | 1,183 | 1,676 | ||
Recorded investment, with an allowance recorded | 1,622 | 1,622 | 1,611 | ||
Allowance for loan losses allocated, with an allowance recorded | 386 | 386 | 350 | ||
Average recorded investment, with an allowance recorded | 1,412 | 1,656 | 1,465 | 1,671 | |
Interest income recognized, with an allowance recorded | 17 | 20 | 51 | 74 | |
Consumer Portfolio Segment [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 8 | 8 | 41 | ||
Recorded investment, with no related allowance recorded | 0 | 0 | 1 | ||
Average recorded investment, with no related allowance recorded | 0 | 4 | 2 | 8 | |
Interest income recognized, with no related allowance recorded | 2 | 0 | 2 | 8 | |
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 | 0 | |
Interest income recognized, with an allowance recorded | 0 | 0 | 0 | 0 | |
Agriculture Portfolio Segment [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 130 | 130 | 0 | ||
Recorded investment, with no related allowance recorded | 60 | 60 | 0 | ||
Average recorded investment, with no related allowance recorded | 60 | 69 | 30 | 92 | |
Interest income recognized, with no related allowance recorded | 1 | 0 | 1 | 0 | |
Unpaid principal balance, with an allowance recorded | 0 | 0 | 78 | ||
Recorded investment, with an allowance recorded | 0 | 0 | 60 | ||
Allowance for loan losses allocated, with an allowance recorded | 0 | 0 | 1 | ||
Average recorded investment, with an allowance recorded | 0 | 68 | 30 | 34 | |
Interest income recognized, with an allowance recorded | 0 | 0 | 0 | 0 | |
Other Portfolio Segment [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 0 | 0 | 0 | ||
Recorded investment, with no related allowance recorded | 0 | 0 | 0 | ||
Average recorded investment, with no related allowance recorded | 0 | 0 | 0 | 0 | |
Interest income recognized, with no related allowance recorded | 0 | 0 | 0 | 0 | |
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 | 0 | |
Interest income recognized, with an allowance recorded | $ 0 | $ 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 | Sep. 30, 2017 | Dec. 31, 2016 |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||
Troubled debt restructuring | $ 33 | $ 33 |
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 | 33 |
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | ||
Troubled debt restructuring | 434 | 434 |
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 | 434 |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 489 | 507 |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 489 | 507 |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | ||
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Farmland Loans [Member] | ||
Troubled debt restructuring | 1,465 | 2,300 |
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 607 | |
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 | 1,465 | 2,300 |
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Nonperforming Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 607 | |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 3,158 | 8,724 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 1,226 | 5,350 |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 1,932 | 3,374 |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Multifamily Loans [Member] | ||
Troubled debt restructuring | 737 | 4,100 |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 743 | |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | Multifamily Loans [Member] | ||
Troubled debt restructuring | 737 | 4,100 |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 743 | |
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 | Sep. 30, 2017 | Dec. 31, 2016 |
Nonaccrual | $ 5,769 | $ 9,216 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Nonaccrual | 508 | 495 |
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 | 2,155 | 4,332 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Nonaccrual | 105 | 1,016 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Nonaccrual | 0 | 0 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Nonaccrual | 2,941 | 3,312 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Nonaccrual | 0 | 1 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Agriculture Portfolio Segment [Member] | ||
Nonaccrual | 60 | 60 |
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 | Sep. 30, 2017 | Dec. 31, 2016 |
Nonaccrual | $ 5,769 | $ 9,216 |
Total past due and nonaccrual | 7,253 | 11,833 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 872 | 2,302 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 612 | 315 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Nonaccrual | 508 | 495 |
Total past due and nonaccrual | 510 | 495 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 2 | 0 |
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 | 2,155 | 4,332 |
Total past due and nonaccrual | 2,455 | 4,958 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Nonaccrual | 105 | 1,016 |
Total past due and nonaccrual | 344 | 1,075 |
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 | 281 | 626 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Nonfarm Nonresidential [Member] | ||
Past due | 239 | 0 |
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 | 19 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Nonfarm Nonresidential [Member] | ||
Past due | 0 | 59 |
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 | 0 |
Total past due and nonaccrual | 0 | 0 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Nonaccrual | 2,941 | 3,312 |
Total past due and nonaccrual | 3,834 | 5,022 |
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 | 300 | 1,454 |
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 | 593 | 256 |
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 | 0 | 1 |
Total past due and nonaccrual | 50 | 20 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 50 | 19 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 0 | 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 | 60 |
Total past due and nonaccrual | 60 | 263 |
Agriculture Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 0 | 203 |
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 | Sep. 30, 2017 | Dec. 31, 2016 |
Gross loans | $ 682,511 | $ 639,236 |
Pass [Member] | ||
Gross loans | 633,203 | 586,430 |
Watch [Member] | ||
Gross loans | 35,167 | 30,431 |
Special Mention [Member] | ||
Gross loans | 598 | 497 |
Substandard [Member] | ||
Gross loans | 13,543 | 21,878 |
Doubtful [Member] | ||
Gross loans | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Gross loans | 107,616 | 97,761 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Gross loans | 106,645 | 96,402 |
Commercial Portfolio Segment [Member] | Watch [Member] | ||
Gross loans | 228 | 294 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Gross loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Gross loans | 743 | 1,065 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Gross loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Gross loans | 291,282 | 257,383 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Gross loans | 44,956 | 36,330 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Gross loans | 88,370 | 71,507 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Gross loans | 157,956 | 149,546 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Gross loans | 44,956 | 35,823 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Farmland Loans [Member] | ||
Gross loans | 78,156 | 63,323 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Nonfarm Nonresidential [Member] | ||
Gross loans | 153,026 | 142,222 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Construction Loans [Member] | ||
Gross loans | 0 | 507 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Farmland Loans [Member] | ||
Gross loans | 5,935 | 1,521 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Nonfarm Nonresidential [Member] | ||
Gross loans | 2,948 | 5,217 |
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 | 432 | 445 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Gross loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Farmland Loans [Member] | ||
Gross loans | 4,279 | 6,663 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Nonfarm Nonresidential [Member] | ||
Gross loans | 1,550 | 1,662 |
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 | 228,897 | 236,289 |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Gross loans | 55,684 | 48,197 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Gross loans | 173,213 | 188,092 |
Residential Portfolio Segment [Member] | Pass [Member] | Multifamily Loans [Member] | ||
Gross loans | 46,100 | 38,281 |
Residential Portfolio Segment [Member] | Pass [Member] | One- to Four-family Residential Properties [Member] | ||
Gross loans | 162,476 | 173,565 |
Residential Portfolio Segment [Member] | Watch [Member] | Multifamily Loans [Member] | ||
Gross loans | 9,584 | 6,080 |
Residential Portfolio Segment [Member] | Watch [Member] | One- to Four-family Residential Properties [Member] | ||
Gross loans | 4,473 | 6,909 |
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 | 166 | 52 |
Residential Portfolio Segment [Member] | Substandard [Member] | Multifamily Loans [Member] | ||
Gross loans | 0 | 3,836 |
Residential Portfolio Segment [Member] | Substandard [Member] | One- to Four-family Residential Properties [Member] | ||
Gross loans | 6,098 | 7,566 |
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 | 8,474 | 9,818 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Gross loans | 8,062 | 9,397 |
Consumer Portfolio Segment [Member] | Watch [Member] | ||
Gross loans | 323 | 348 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Gross loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Gross loans | 89 | 73 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Gross loans | 0 | 0 |
Agriculture Portfolio Segment [Member] | ||
Gross loans | 45,675 | 37,508 |
Agriculture Portfolio Segment [Member] | Pass [Member] | ||
Gross loans | 33,215 | 26,940 |
Agriculture Portfolio Segment [Member] | Watch [Member] | ||
Gross loans | 11,676 | 9,555 |
Agriculture Portfolio Segment [Member] | Special Mention [Member] | ||
Gross loans | 0 | 0 |
Agriculture Portfolio Segment [Member] | Substandard [Member] | ||
Gross loans | 784 | 1,013 |
Agriculture Portfolio Segment [Member] | Doubtful [Member] | ||
Gross loans | 0 | 0 |
Other Portfolio Segment [Member] | ||
Gross loans | 567 | 477 |
Other Portfolio Segment [Member] | Pass [Member] | ||
Gross loans | 567 | 477 |
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 | 0 |
Other Portfolio Segment [Member] | Doubtful [Member] | ||
Gross loans | $ 0 | $ 0 |
Note 4 - Other Real Estate Ow47
Note 4 - Other Real Estate Owned (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Foreclosed Real Estate Rental Income | $ 0 | $ 46,000 | $ 0 | $ 451,000 | |
One- to Four-family Residential Properties [Member] | |||||
Mortgage Loans in Process of Foreclosure, Amount | $ 643,000 | $ 643,000 | $ 932,000 |
Note 4 - Other Real Estate Ow48
Note 4 - Other Real Estate Owned - Major Categories of OREO (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Other real estate owned, gross | $ 6,330 | $ 6,821 |
Commercial Real Estate Portfolio Segment [Member] | Construction, Land Development, and Other Land Loans [Member] | ||
Other real estate owned, gross | 6,200 | 6,571 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Other real estate owned, gross | 74 | |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Other real estate owned, gross | $ 56 | $ 250 |
Note 4 - Other Real Estate Ow49
Note 4 - Other Real Estate Owned - Activity Relating to Other Real Estate Owned (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
OREO | $ 6,821 | $ 19,214 | ||
Real estate acquired | 270 | 1,243 | ||
Valuation adjustment write-downs | $ (98) | $ (320) | (98) | (970) |
Net gain on sales | 10 | 52 | 75 | 221 |
Proceeds from sales of properties | (738) | (12,610) | ||
OREO | $ 6,330 | $ 7,098 | $ 6,330 | $ 7,098 |
Note 4 - Other Real Estate Ow50
Note 4 - Other Real Estate Owned - Expenses Related to Other Real Estate Owned (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net gain on sales of other real estate owned | $ (10) | $ (52) | $ (75) | $ (221) |
Valuation adjustment write-downs | 98 | 320 | 98 | 970 |
Operating expense | 23 | 54 | 69 | 535 |
Total | $ 111 | $ 322 | $ 92 | $ 1,284 |
Note 5 - Deposits (Details Text
Note 5 - Deposits (Details Textual) - USD ($) $ in Millions | Sep. 30, 2017 | Dec. 31, 2016 |
Time Deposits, at or Above FDIC Insurance Limit | $ 33.1 | $ 29.1 |
Note 5 - Deposits - Deposit Bal
Note 5 - Deposits - Deposit Balances by Category (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Non-interest bearing | $ 133,896 | $ 124,395 |
Interest checking | 94,523 | 103,876 |
Money market | 156,905 | 142,497 |
Savings | 35,946 | 34,518 |
Certificates of deposit | 445,577 | 444,639 |
Total deposits | $ 866,847 | $ 849,925 |
Note 5 - Deposits - Maturities
Note 5 - Deposits - Maturities of Time Deposits (Details) $ in Thousands | Sep. 30, 2017USD ($) |
Year 1 | $ 221,600 |
Year 2 | 174,906 |
Year 3 | 35,418 |
Year 4 | 6,626 |
Year 5 | 7,027 |
$ 445,577 |
Note 6 - Advances From the Fe54
Note 6 - Advances From the Federal Home Loan Bank (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Repayment and Penalties | $ 0 | $ 0 |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | $ 74,800 |
Note 6 - Advances From Federal
Note 6 - Advances From Federal Home Loan Bank - Advances From the Federal Home Loan Bank (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Federal Home Loan Bank advances | $ 16,847 | $ 22,458 |
Note 6 - Advances From Federa56
Note 6 - Advances From Federal Home Loan Bank - Advances From the Federal Home Loan Bank (Details) (Parentheticals) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
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 | 1.24% | 0.85% |
Minimum [Member] | ||
Advances from the FHLB, fixed rate | 0.00% | 0.00% |
Maximum [Member] | ||
Advances from the FHLB, fixed rate | 5.24% | 5.24% |
Note 6 - Advances From Federa57
Note 6 - Advances From Federal Home Loan Bank - Principal Payments on Advances From Federal Home Loan Bank (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Year 1 | $ 15,203 | |
Year 2 | 182 | |
Year 3 | 492 | |
Year 4 | 739 | |
Year 5 | 108 | |
Thereafter | 123 | |
$ 16,847 | $ 22,458 |
Note 7 - Senior Debt (Details T
Note 7 - Senior Debt (Details Textual) - USD ($) | Jun. 30, 2017 | Sep. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2022 | Jun. 22, 2022 |
Escrow Deposit | $ 903,000 | ||||
Senior Notes [Member] | |||||
Debt Instrument, Face Amount | $ 10,000,000 | ||||
Debt Instrument, Periodic Payment, Principal | $ 250,000 | ||||
Borrowing Proceeds Contributed to Bank as Common Equity Tier 1 Capital | 9,000,000 | ||||
Borrowing Proceeds Retained by Lender in Escrow | $ 1,000,000 | ||||
Senior Notes [Member] | Subsidiaries [Member] | |||||
Debt Instrument, Financial Covenants, Non-performing Assets to Total Assets, Percentage, Minimum | 2.50% | ||||
Senior Notes [Member] | Scenario, Forecast [Member] | |||||
Debt Instrument, Financial Convenants, Minimum Cash on Hand | $ 750,000 | $ 2,500,000 | |||
Debt Instrument, Financial Convenants, Minimum Risk Based Capital to Risk Weighted Assets | 9.00% | 10.00% | |||
Senior Notes [Member] | Scenario, Forecast [Member] | Subsidiaries [Member] | |||||
Debt Instrument, Financial Convenants, Minimum Risk Based Capital to Risk Weighted Assets | 10.00% | 11.00% | |||
Senior Notes [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 2.50% |
Note 8 - Fair Values Measurem59
Note 8 - Fair Values Measurement (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $ 2,015,000 | $ 2,015,000 | $ 2,664,000 | ||
Impaired Financing Receivable, Related Allowance | 425,000 | 425,000 | 399,000 | ||
Other Repossessed Assets | 6,300,000 | 6,300,000 | 6,800,000 | ||
Real Estate Owned, Valuation Allowance, Amounts Applied | 98,000 | $ 761,000 | 98,000 | $ 1,600,000 | |
Measured for Impairment Using Fair Value of Collateral [Member] | |||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,700,000 | 2,500,000 | $ 1,700,000 | 2,500,000 | 2,400,000 |
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 | 399,000 | 309,000 | $ 399,000 | 309,000 | $ 370,000 |
Impaired Financing Receivable Provision for Loan Losses | $ 171,000 | $ 220,000 | $ 29,000 | $ 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 8 - Fair Values Measurem60
Note 8 - Fair Values Measurement - Financial Assets Measured at the Fair Value on Recurring and Non-recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities available for sale | $ 149,797 | $ 152,790 |
Recorded investment, total | 7,509 | 15,131 |
Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 149,797 | 152,790 |
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 | 149,797 | 152,790 |
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 | 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 | ||
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Construction Loans [Member] | ||
Other real-estate | 6,200 | 6,571 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Farmland Loans [Member] | ||
Other real-estate | 74 | |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
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 | 1,236 | 1,261 |
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 | 56 | 250 |
Fair Value, Measurements, Nonrecurring [Member] | Consumer Portfolio Segment [Member] | Impaired Loans [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] | Other Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Farmland Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Construction Loans [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Farmland Loans [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Consumer Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Agriculture Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Farmland Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Construction Loans [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Farmland Loans [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Consumer Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Agriculture Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | 87 | 87 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Farmland Loans [Member] | ||
Recorded investment, total | 585 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Impaired Loans [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Construction Loans [Member] | ||
Other real-estate | 6,200 | 6,571 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Farmland Loans [Member] | ||
Other real-estate | 74 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Other Real Estate Owned [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Portfolio Segment [Member] | Impaired Loans [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | 1,236 | 1,261 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Portfolio Segment [Member] | Other Real Estate Owned [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate | 56 | 250 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Consumer Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Agriculture Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | 59 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Portfolio Segment [Member] | Impaired Loans [Member] | ||
Recorded investment, total | ||
US Treasury and Government [Member] | ||
Securities available for sale | 29,708 | 34,099 |
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 29,708 | 34,099 |
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 | 29,708 | 34,099 |
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 | 91,735 | 102,353 |
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 91,735 | 102,353 |
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 | 91,735 | 102,353 |
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 | 23,526 | 11,203 |
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 23,526 | 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 | 23,526 | 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 | 1,661 | 2,045 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 1,661 | 2,045 |
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 | 1,661 | 2,045 |
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 | 3,167 | 3,090 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 3,167 | 3,090 |
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 | 3,167 | 3,090 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale |
Note 8 - Fair Values Measurem61
Note 8 - Fair Values Measurement - Qualitative Information About Level Three Fair Value Measurements for Financial Instruments Measured At Fair Value On Non-recurring Basis (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Residential Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Impaired Loans [Member] | ||
Fair value | $ 1,236 | $ 1,261 |
Residential Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Impaired Loans [Member] | Minimum [Member] | ||
Fair value inputs, comparability adjustments | 0.00% | 0.00% |
Residential Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Impaired Loans [Member] | Maximum [Member] | ||
Fair value inputs, comparability adjustments | 34.00% | 22.00% |
Residential Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Impaired Loans [Member] | Weighted Average [Member] | ||
Fair value inputs, comparability adjustments | (11.00%) | 9.00% |
Commercial Real Estate Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | ||
Fair value | $ 6,274 | $ 6,571 |
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 | 11.00% | 20.00% |
Commercial Real Estate Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Weighted Average [Member] | ||
Fair value inputs, comparability adjustments | (5.00%) | 9.00% |
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% | |
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% | |
Commercial Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Weighted Average [Member] | ||
Fair value inputs, comparability adjustments | (18.00%) | 19.00% |
Note 8 - Fair Values Measurem62
Note 8 - Fair Values Measurement - Carrying Amount and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Cash and cash equivalents | $ 47,369 | |
Available-for-sale Securities | 149,797 | $ 152,790 |
Securities held to maturity | 43,397 | 43,072 |
Federal Home Loan Bank stock | ||
Loans, net | 673,616 | |
Accrued interest receivable | 3,285 | |
Deposits | 853,723 | |
Federal Home Loan Bank advances | 16,865 | |
Subordinated capital note | 2,458 | |
Junior subordinated debentures | 19,087 | |
Senior debt | 10,000 | |
Accrued interest payable | 1,284 | |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 47,369 | 66,316 |
Available-for-sale Securities | 149,797 | 152,790 |
Securities held to maturity | 41,424 | 41,818 |
Federal Home Loan Bank stock | 7,323 | 7,323 |
Loans, net | 673,534 | 630,269 |
Accrued interest receivable | 3,285 | 3,137 |
Deposits | 866,847 | 849,925 |
Federal Home Loan Bank advances | 16,847 | 22,458 |
Subordinated capital note | 2,475 | 3,150 |
Junior subordinated debentures | 21,000 | 21,000 |
Senior debt | 10,000 | |
Accrued interest payable | 1,284 | 734 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 66,316 | |
Available-for-sale Securities | 152,790 | |
Securities held to maturity | 43,072 | |
Federal Home Loan Bank stock | ||
Loans, net | 632,528 | |
Accrued interest receivable | 3,137 | |
Deposits | 836,853 | |
Federal Home Loan Bank advances | 22,475 | |
Subordinated capital note | 3,091 | |
Junior subordinated debentures | 13,263 | |
Accrued interest payable | 734 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 27,815 | 31,091 |
Available-for-sale Securities | ||
Securities held to maturity | ||
Federal Home Loan Bank stock | ||
Loans, net | ||
Accrued interest receivable | ||
Deposits | 133,896 | 124,395 |
Federal Home Loan Bank advances | ||
Subordinated capital note | ||
Junior subordinated debentures | ||
Senior debt | ||
Accrued interest payable | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | 19,554 | 35,225 |
Available-for-sale Securities | 149,797 | 152,790 |
Securities held to maturity | 43,397 | 43,072 |
Federal Home Loan Bank stock | ||
Loans, net | ||
Accrued interest receivable | 1,137 | 1,203 |
Deposits | 719,827 | 712,458 |
Federal Home Loan Bank advances | 16,865 | 22,475 |
Subordinated capital note | ||
Junior subordinated debentures | ||
Senior debt | ||
Accrued interest payable | 366 | 369 |
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, net | 673,616 | 632,528 |
Accrued interest receivable | 2,148 | 1,934 |
Deposits | ||
Federal Home Loan Bank advances | ||
Subordinated capital note | 2,458 | 3,091 |
Junior subordinated debentures | 19,087 | 13,263 |
Senior debt | 10,000 | |
Accrued interest payable | $ 918 | $ 365 |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Unrecognized Tax Benefits | $ 0 | $ 0 | $ 0 | ||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | $ 0 | $ 0 | $ 0 | $ 0 | |
Common Stock Ownership Percentage by Individual | 5.00% | ||||
Common Stock Ownership Percentage | 50.00% |
Note 9 - Income Taxes - Deferre
Note 9 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Deferred tax assets: | ||
Net operating loss carry-forward | $ 43,515 | $ 42,094 |
Allowance for loan losses | 3,142 | 3,139 |
Other real estate owned write-down | 3,401 | 3,366 |
Alternative minimum tax credit carry-forward | 692 | 692 |
Net assets from acquisitions | 617 | 674 |
Net unrealized loss on securities | 209 | 867 |
New market tax credit carry-forward | 208 | 208 |
Nonaccrual loan interest | 477 | 481 |
Accrued expenses | 193 | 3,860 |
Deferred compensation | 463 | 465 |
Other | 394 | 360 |
53,311 | 56,206 | |
Deferred tax liabilities: | ||
FHLB stock dividends | 928 | 928 |
Fixed assets | 70 | 89 |
Deferred loan costs | 266 | 274 |
Other | 145 | 866 |
1,409 | 2,157 | |
Net deferred tax assets before valuation allowance | 51,902 | 54,049 |
Valuation allowance | (51,902) | (54,049) |
Net deferred tax asset | $ 0 | $ 0 |
Note 10 - Stock Plans and Sto65
Note 10 - Stock Plans and Stock Based Compensation (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 25,000 | 25,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Nonvested Intrinsic Value1 | $ 365,000 | $ 365,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 9.64 | ||||
Share-based Compensation | 129,000 | $ 148,000 | $ 271,000 | $ 315,000 | |
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $ 0 | $ 0 | $ 0 | $ 0 | |
Stock Incentive Plan 2016 [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 9.64 | $ 9.10 | |||
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 | 4 years | ||||
Non-Employee Directors Stock Incentive Plan 2006 [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 2,834 | 2,834 | |||
Share Based Compensation Arrangement by Share Based Payment Award Annual Award to Non Employee Directors Value | $ 25,000 |
Note 10 - Stock Plans and Sto66
Note 10 - Stock Plans and Stock Based Compensation - Unvested Share Activity (Details) - $ / shares | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Granted (in dollars per share) | $ 9.64 | |
Stock Incentive Plan 2016 [Member] | ||
Outstanding, beginning (in shares) | 179,513 | 184,482 |
Outstanding, beginning (in dollars per share) | $ 4.89 | $ 4.81 |
Granted (in shares) | 37,865 | 35,465 |
Granted (in dollars per share) | $ 9.64 | $ 9.10 |
Vested (in shares) | (58,650) | (38,462) |
Vested (in dollars per share) | $ 4.67 | $ 8.32 |
Forfeited (in shares) | (1,316) | (1,972) |
Forfeited (in dollars per share) | $ 9.35 | $ 6.16 |
Outstanding, ending (in shares) | 157,412 | 179,513 |
Outstanding, ending (in dollars per share) | $ 6.08 | $ 4.89 |
Note 10 - Stock Plans and Sto67
Note 10 - Stock Plans and Stock Based Compensation - Unrecognized Stock Based Compensation Expense Related to Unvested Shares (Details) $ in Thousands | Sep. 30, 2017USD ($) |
October 2017 – December 2017 | $ 129 |
2,018 | 258 |
2,019 | 99 |
2020 & thereafter | $ 25 |
Note 11 - Earnings Per Share (D
Note 11 - Earnings Per Share (Details Textual) - $ / shares | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 0 | 0 |
Common Stock [Member] | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 79.41 | $ 79.41 |
Common Stock [Member] | Warrant [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 66,113 | 66,113 |
Note 11 - Earnings Per Share -
Note 11 - Earnings Per Share - Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net income | $ 1,794 | $ 1,393 | $ 5,183 | $ 3,885 |
Earnings allocated to participating securities | 45 | 46 | 133 | 129 |
Net income available to common shareholders, basic and diluted | $ 1,749 | $ 1,347 | $ 5,050 | $ 3,756 |
Basic | ||||
Weighted average common shares including unvested common shares outstanding (in shares) | 6,259,864 | 6,223,045 | 6,245,418 | 5,897,617 |
Weighted average shares outstanding (in shares) | 6,102,452 | 6,016,216 | 6,084,593 | 5,702,205 |
Basic income per common share (in dollars per share) | $ 0.29 | $ 0.22 | $ 0.83 | $ 0.66 |
Diluted | ||||
Add: Dilutive effects of assumed exercises of common stock warrants (in shares) | ||||
Weighted average common shares and potential common shares (in shares) | 6,102,452 | 6,016,216 | 6,084,593 | 5,702,205 |
Diluted income per common share (in dollars per share) | $ 0.29 | $ 0.22 | $ 0.83 | $ 0.66 |
Unvested Shares [Member] | ||||
Earnings allocated to participating securities | $ 45 | $ 46 | $ 133 | $ 129 |
Basic | ||||
Weighted average shares outstanding (in shares) | 157,412 | 206,829 | 160,825 | 195,412 |
Note 12 - Capital Requirement70
Note 12 - Capital Requirements and Restrictions on Retained Earnings (Details Textual) - USD ($) $ in Billions | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2019 | Sep. 30, 2017 | |
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% | |||||
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% | |||||
Capital Conservation Buffer, Annual Phase-In | 2.50% | 1.875% | 1.25% |
Note 12 - Capital Requirement71
Note 12 - 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 | Sep. 30, 2017 | Dec. 31, 2016 |
Total risk-based capital to risk-weighted assets, actual amount | $ 76,402 | $ 71,109 |
Total risk-based capital to risk-weighted assets, actual ratio | 10.05% | 10.21% |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 60,833 | $ 55,714 |
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 | $ 41,719 | $ 36,199 |
Total common equity Tier I risk-based capital to risk-weighted assets, actual ratio | 5.49% | 5.20% |
Total common equity Tier I risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 34,219 | $ 31,339 |
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 | $ 55,613 | $ 48,713 |
Tier I capital to risk-weighted assets, actual ratio | 7.31% | 6.99% |
Tier I capital to risk-weighted assets, for capital adequacy purposes, amount | $ 45,625 | $ 41,786 |
Tier I capital to risk-weighted assets, for capital adequacy purposes, ratio | 6.00% | 6.00% |
Tier I capital to average assets, actual amount | $ 55,613 | $ 48,713 |
Tier I capital to average assets, actual ratio | 5.85% | 5.27% |
Tier I capital to average assets, for capital adequacy purposes, amount | $ 38,056 | $ 36,975 |
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 | $ 84,299 | $ 68,773 |
Total risk-based capital to risk-weighted assets, actual ratio | 11.10% | 9.88% |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 60,761 | $ 55,663 |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 8.00% | 8.00% |
Total risk-based capital to risk-weighted assets, for minimum requirements to be well capitalized, amount | $ 75,951 | $ 69,579 |
Total risk-based capital to risk-weighted assets, for minimum requirements to be well capitalized, ratio | 10.00% | 10.00% |
Total common equity Tier I risk-based capital to risk-weighted assets, actual amount | $ 73,387 | $ 57,642 |
Total common equity Tier I risk-based capital to risk-weighted assets, actual ratio | 9.66% | 8.28% |
Total common equity Tier I risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 34,178 | $ 31,311 |
Total common equity Tier I risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 4.50% | 4.50% |
Total common equity Tier I risk-based capital to risk-weighted assets, for minimum requirements to be well capitalized, amount | $ 49,368 | $ 45,226 |
Total common equity Tier I risk-based capital to risk-weighted assets, for minimum requirements to be well capitalized, ratio | 6.50% | 6.50% |
Tier I capital to risk-weighted assets, actual amount | $ 73,387 | $ 57,642 |
Tier I capital to risk-weighted assets, actual ratio | 9.66% | 8.28% |
Tier I capital to risk-weighted assets, for capital adequacy purposes, amount | $ 45,571 | $ 41,747 |
Tier I capital to risk-weighted assets, for capital adequacy purposes, ratio | 6.00% | 6.00% |
Tier I capital to risk-weighted assets, for minimum requirements to be well capitalized, amount | $ 60,761 | $ 55,663 |
Tier I capital to risk-weighted assets, for minimum requirements to be well capitalized, ratio | 8.00% | 8.00% |
Tier I capital to average assets, actual amount | $ 73,387 | $ 57,642 |
Tier I capital to average assets, actual ratio | 7.73% | 6.24% |
Tier I capital to average assets, for capital adequacy purposes, amount | $ 37,986 | $ 36,949 |
Tier I capital to average assets, for capital adequacy purposes, ratio | 4.00% | 4.00% |
Tier I capital to average assets, for minimum requirements to be well capitalized, amount | $ 47,482 | $ 46,186 |
Tier I capital to average assets, for minimum requirements to be well capitalized, ratio | 5.00% | 5.00% |
Note 13 - Off Balance Sheet R72
Note 13 - Off Balance Sheet Risks, Commitments, and Contingent Liabilities (Details Textual) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017USD ($) | Dec. 31, 2016USD ($) | |
Commitments Period | 1 year | |
Interest Rate Swap [Member] | ||
Derivative, Number of Instruments Held | 3 | |
Derivative, Notional Amount | $ 19,800 | $ 14,600 |
Standby Letters of Credit [Member] | ||
Long-term Line of Credit | $ 0 |
Note 13 - Off Balance Sheet R73
Note 13 - Off Balance Sheet Risks, Commitments, and Contingencies Liabilities - Contractual Amounts of Financial Instruments With Off Balance Sheet Risk (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Fixed Rate [Member] | Commitments to Make Loans [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | $ 32,645 | $ 19,445 |
Fixed Rate [Member] | Unused lines of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 7,252 | 7,935 |
Fixed Rate [Member] | Standby Letters of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 527 | 582 |
Variable Rate [Member] | Commitments to Make Loans [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 30,764 | 18,347 |
Variable Rate [Member] | Unused lines of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 58,107 | 51,407 |
Variable Rate [Member] | Standby Letters of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | $ 372 | $ 360 |