Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 31, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | LIMESTONE BANCORP, INC. | |
Entity Central Index Key | 1,358,356 | |
Trading Symbol | lmst | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Nonvoting Common Stock [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding (in shares) | 1,220,000 | |
Common Stock [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding (in shares) | 6,236,590 |
Unaudited Consolidated Balance
Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and due from banks | $ 5,770 | $ 8,137 |
Interest bearing deposits in banks | 31,761 | 25,966 |
Cash and cash equivalents | 37,531 | 34,103 |
Securities available for sale | 184,870 | 152,720 |
Loans held for sale | 70 | |
Loans, net of allowance of $8,634 and $8,202, respectively | 748,417 | 703,913 |
Premises and equipment, net | 17,027 | 16,789 |
Other real estate owned | 3,750 | 4,409 |
Federal Home Loan Bank stock | 7,233 | 7,323 |
Bank owned life insurance | 15,551 | 15,229 |
Deferred taxes, net | 30,230 | 31,313 |
Accrued interest receivable and other assets | 5,882 | 4,932 |
Total assets | 1,050,491 | 970,801 |
Deposits | ||
Non-interest bearing | 135,561 | 137,386 |
Interest bearing | 738,465 | 709,638 |
Total deposits | 874,026 | 847,024 |
Federal Home Loan Bank advances | 51,591 | 11,797 |
Accrued interest payable and other liabilities | 5,662 | 6,057 |
Subordinated capital note | 2,250 | |
Junior subordinated debentures | 21,000 | 21,000 |
Senior debt | 10,000 | 10,000 |
Total liabilities | 962,279 | 898,128 |
Commitments and contingent liabilities (Note 13) | ||
Stockholders’ equity | ||
Preferred stock | 2,771 | |
Common stock, no par, 39,000,000 shares authorized, 6,236,590 and 6,039,864 voting, and 1,220,000 and 220,000 non-voting issued and outstanding, respectively | 140,639 | 125,729 |
Additional paid-in capital | 24,097 | 24,497 |
Retained deficit | (68,641) | (75,108) |
Accumulated other comprehensive loss | (7,883) | (5,216) |
Total common stockholders’ equity | 88,212 | 69,902 |
Total stockholders' equity | 88,212 | 72,673 |
Total liabilities and stockholders’ equity | 1,050,491 | 970,801 |
Series E Preferred Stock [Member] | ||
Stockholders’ equity | ||
Preferred stock | 1,644 | |
Series F Preferred Stock [Member] | ||
Stockholders’ equity | ||
Preferred stock | $ 1,127 |
Unaudited Consolidated Balanc_2
Unaudited Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans, allowance | $ 8,634 | $ 8,202 |
Common stock, no par (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 39,000,000 | 39,000,000 |
Series E Preferred Stock [Member] | ||
Preferred stock, issued (in shares) | 0 | 6,198 |
Preferred stock, outstanding (in shares) | 0 | 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) | 0 | 4,304 |
Preferred stock, outstanding (in shares) | 0 | 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) | 6,236,590 | 6,039,864 |
Common stock, shares outstanding (in shares) | 6,236,590 | 6,039,864 |
Nonvoting Common Stock [Member] | ||
Common stock, shares issued (in shares) | 1,220,000 | 220,000 |
Common stock, shares outstanding (in shares) | 1,220,000 | 220,000 |
Unaudited Consolidated Statemen
Unaudited Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest income | ||||
Loans, including fees | $ 9,539 | $ 8,021 | $ 27,423 | $ 23,493 |
Taxable securities | 1,245 | 1,088 | 3,386 | 3,370 |
Tax exempt securities | 95 | 143 | 287 | 432 |
Federal funds sold and other | 241 | 194 | 624 | 510 |
11,120 | 9,446 | 31,720 | 27,805 | |
Interest expense | ||||
Deposits | 2,130 | 1,324 | 5,123 | 3,877 |
Federal Home Loan Bank advances | 233 | 13 | 605 | 64 |
Senior debt | 98 | 97 | 292 | 97 |
Junior subordinated debentures | 247 | 193 | 694 | 553 |
Subordinated capital note | 32 | 39 | 98 | |
2,708 | 1,659 | 6,753 | 4,689 | |
Net interest income | 8,412 | 7,787 | 24,967 | 23,116 |
Provision (negative provision) for loan losses | (350) | (500) | ||
Net interest income after provision for loan losses | 8,762 | 7,787 | 25,467 | 23,116 |
Non-interest income | ||||
Income from bank owned life insurance | 100 | 103 | 337 | 309 |
Net gain (loss) on sales and calls of investment securities | (6) | (5) | ||
Other | 390 | 266 | 751 | 723 |
1,509 | 1,324 | 4,107 | 3,762 | |
Non-interest expense | ||||
Salaries and employee benefits | 3,893 | 3,683 | 11,566 | 11,433 |
Occupancy and equipment | 896 | 836 | 2,671 | 2,501 |
Professional fees | 186 | 232 | 613 | 776 |
Marketing expense | 259 | 364 | 867 | 880 |
FDIC Insurance | 118 | 356 | 439 | 1,055 |
Data processing expense | 281 | 321 | 912 | 931 |
State franchise and deposit tax | 282 | 225 | 846 | 675 |
Deposit account related expense | 213 | 222 | 653 | 646 |
Other real estate owned expense | 271 | 111 | 590 | 92 |
Litigation and loan collection expense | 61 | 78 | 162 | 121 |
Other | 770 | 889 | 2,485 | 2,585 |
7,230 | 7,317 | 21,804 | 21,695 | |
Income before income taxes | 3,041 | 1,794 | 7,770 | 5,183 |
Income tax expense | 604 | 1,416 | ||
Net income | $ 2,437 | $ 1,794 | $ 6,354 | $ 5,183 |
Basic and diluted income per common share (in dollars per share) | $ 0.33 | $ 0.29 | $ 0.90 | $ 0.83 |
Deposit Account [Member] | ||||
Non-interest income | ||||
Non-interest income revenue | $ 608 | $ 568 | $ 1,767 | $ 1,617 |
Debit Card [Member] | ||||
Non-interest income | ||||
Non-interest income revenue | $ 411 | $ 387 | $ 1,258 | $ 1,118 |
Unaudited Consolidated Statem_2
Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income | $ 2,437 | $ 1,794 | $ 6,354 | $ 5,183 |
Other comprehensive income (loss): | ||||
Unrealized gain (loss) arising during the period | (1,006) | (280) | (3,234) | 1,783 |
Amortization during the period of net unrealized loss transferred to held to maturity | 32 | 98 | ||
Net unrealized gain (loss) recognized in comprehensive income | (1,006) | (248) | (3,234) | 1,881 |
Tax effect | 211 | 680 | ||
Other comprehensive income (loss) | (795) | (248) | (2,554) | 1,881 |
Comprehensive income | $ 1,642 | $ 1,546 | $ 3,800 | $ 7,064 |
Unaudited Consolidated Statem_3
Unaudited Consolidated Statements of Changes in Stockholders' Equity - 9 months ended Sep. 30, 2018 - USD ($) $ in Thousands | Preferred Stock [Member]Series E Preferred Stock [Member] | Preferred Stock [Member]Series F Preferred Stock [Member] | Common Stock [Member]Voting Common Stock [Member] | Common Stock [Member]Nonvoting Common Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances (in shares) at Dec. 31, 2017 | 6,198 | 4,304 | 6,039,864 | 220,000 | 6,259,864 | ||||
Balances at Dec. 31, 2017 | $ 1,644 | $ 1,127 | $ 125,729 | $ 24,497 | $ (75,108) | $ (5,216) | $ 72,673 | ||
Issuance of unvested stock (in shares) | 46,726 | 46,726 | |||||||
Issuance of stock (in shares) | 150,000 | 1,000,000 | 1,150,000 | ||||||
Issuance of stock | $ 14,910 | 14,910 | |||||||
Redemption and retirement of preferred shares (in shares) | (6,198) | (4,304) | |||||||
Redemption and retirement of preferred shares | $ (1,644) | $ (1,127) | (734) | (3,505) | |||||
Stock-based compensation expense | 334 | 334 | |||||||
Net income | 6,354 | 6,354 | |||||||
Reclassification of disproportionate tax effect due to change in federal tax rate | 113 | (113) | |||||||
Net change in accumulated other comprehensive income, net of taxes | (2,554) | (2,554) | |||||||
Balances (in shares) at Sep. 30, 2018 | 6,236,590 | 1,220,000 | 7,456,590 | ||||||
Balances at Sep. 30, 2018 | $ 140,639 | $ 24,097 | $ (68,641) | $ (7,883) | $ 88,212 |
Unaudited Consolidated Statem_4
Unaudited Consolidated Statements of Cash Flows - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities | ||
Net income | $ 6,354,000 | $ 5,183,000 |
Depreciation and amortization | 739,000 | 896,000 |
Provision (negative provision) for loan losses | (500,000) | |
Net amortization on securities | 669,000 | 931,000 |
Stock-based compensation expense | 334,000 | 271,000 |
Deferred taxes, net | 1,762,000 | |
Net gain on sales of loans held for sale | (1,000) | (39,000) |
Origination of loans for sale | (2,179,000) | |
Proceeds from sales of loans held for sale | 71,000 | 2,218,000 |
Net gain on sales of other real estate owned | (72,000) | (75,000) |
Net write-down of other real estate owned | 585,000 | 98,000 |
Net (gain) loss on sale of premises and equipment | (46,000) | |
Net realized loss on sales and calls of investment securities | 6,000 | 5,000 |
Earnings on bank owned life insurance, net of premium expense | (322,000) | (293,000) |
Net change in accrued interest receivable and other assets | (950,000) | 1,929,000 |
Net change in accrued interest payable and other liabilities | (395,000) | (10,183,000) |
Net cash from operating activities | 8,234,000 | (1,238,000) |
Cash flows from investing activities | ||
Purchases of available for sale securities | (58,965,000) | (15,340,000) |
Proceeds from sales and calls of available for sale securities | 6,054,000 | 2,000,000 |
Proceeds from maturities and prepayments of available for sale securities | 16,852,000 | 17,480,000 |
Proceeds from calls of held to maturity securities | 47,000 | |
Proceeds from maturities of held to maturity securities | 145,000 | |
Proceeds from redemptions of Federal Home Loan Bank stock | 90,000 | |
Proceeds from sale of other real estate owned | 876,000 | 738,000 |
Net change in loans | (44,823,000) | (43,590,000) |
Proceeds from sale of premises and equipment | 141,000 | 328,000 |
Purchases of premises and equipment | (982,000) | (153,000) |
Net cash from investing activities | (80,757,000) | (38,345,000) |
Cash flows from financing activities | ||
Net change in deposits | 27,002,000 | 16,922,000 |
Payments of Federal Home Loan Bank advances | (85,206,000) | (30,611,000) |
Advances from Federal Home Loan Bank | 125,000,000 | 25,000,000 |
Payments of subordinated capital note | (2,250,000) | (675,000) |
Proceeds from senior debt | 10,000,000 | |
Proceeds from issuance of common stock | 14,910,000 | |
Redemption of preferred stock | (3,505,000) | |
Net cash from financing activities | 75,951,000 | 20,636,000 |
Net change in cash and cash equivalents | 3,428,000 | (18,947,000) |
Beginning cash and cash equivalents | 34,103,000 | 66,316,000 |
Ending cash and cash equivalents | 37,531,000 | 47,369,000 |
Supplemental cash flow information: | ||
Interest paid | 7,631,000 | 4,140,000 |
Supplemental non-cash disclosure: | ||
Transfer from loans to other real estate | $ 730,000 | $ 270,000 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | Note 1 Basis of Presentation 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 10 01 X. not three nine September 30, 2018 not may December 31, 2017 10 Use of Estimates Reclassifications not New Accounting Standards – May 2014, 2014 09, 606 606” 606. 606 606 January 1, 2018. not “Note 14 In January 2016, No. 2016 01, 825 10 1 2 3 4 5 6 7 January 1, 2018. not “Note 8 In February 2016, No. 2016 02, 842 December 15, 2018. not In June 2016, No. 2016 13, 326 first December 15, 2019. one first In March 2017, No. 2017 08, 310 20 first December 15, 2018. not In February 2018, No. 2018 02, 220 December 15, 2018, 2018. January 1, 2018 not $113,000 |
Note 2 - Securities
Note 2 - Securities | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 2 – Securities Securities are classified as available for sale (AFS). AFS securities 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, 2018 Available for sale U.S. Government and federal agency $ 23,762 $ — $ (1,112 ) $ 22,650 Agency mortgage-backed: residential 88,526 79 (2,793 ) 85,812 Collateralized loan obligations 34,908 4 (36 ) 34,876 State and municipal 32,835 194 (381 ) 32,648 Corporate bonds 8,877 32 (25 ) 8,884 Total available for sale $ 188,908 $ 309 $ (4,347 ) $ 184,870 December 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale U.S. Government and federal agency $ 22,105 $ 2 $ (483 ) $ 21,624 Agency mortgage-backed: residential 65,935 117 (1,087 ) 64,965 Collateralized loan obligations 25,343 182 (20 ) 25,505 State and municipal 33,303 508 (101 ) 33,710 Corporate bonds 6,838 78 — 6,916 Total available for sale $ 153,524 $ 887 $ (1,691 ) $ 152,720 Sales and calls of securities were as follows: Three Months Ended September 30, Nine Months Ended September 30, 201 8 201 7 201 8 201 7 (in thousands) (in thousands) Proceeds $ — $ 2,000 $ 6,054 $ 2,047 Gross gains — — — — Gross losses — — 6 5 The amortized cost and fair value of our debt securities are shown by contractual maturity. Expected maturities may not September 30, 2018 Amortized Cost Fair Value (in thousands) Maturity Available for sale Within one year $ 25,700 $ 25,720 One to five years 55,798 54,962 Five to ten years 15,877 15,370 Beyond ten years 3,007 3,006 Agency mortgage-backed: residential 88,526 85,812 Total $ 188,908 $ 184,870 Securities pledged at September 30, 2018 December 31, 2017 $55.7 $76.8 At September 30, 2018 December 31, 2017, $15.2 $15.4 September 30, 2018 December 31, 2017, no one 10% The Company evaluates securities for other-than-temporary impairment on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, underlying credit quality of the issuer, and the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer’s financial condition, the Company may September 30, 2018, not Securities with unrealized losses at September 30, 2018 December 31, 2017, 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, 2018 Available for sale U.S. Government and federal agency $ 7,191 $ (206 ) $ 15,459 $ (906 ) $ 22,650 $ (1,112 ) Agency mortgage-backed: residential 50,542 (1,172 ) 27,602 (1,621 ) 78,144 (2,793 ) Collateralized loan obligations 25,808 (36 ) — — 25,808 (36 ) State and municipal 18,591 (381 ) — — 18,591 (381 ) Corporate bonds 1,975 (25 ) — — 1,975 (25 ) Total temporarily impaired $ 104,107 $ (1,820 ) $ 43,061 $ (2,527 ) $ 147,168 $ (4,347 ) December 31, 2017 Available for sale U.S. Government and federal agency $ 5,788 $ (97 ) $ 14,121 $ (386 ) $ 19,909 $ (483 ) Agency mortgage-backed: residential 21,104 (172 ) 27,158 (915 ) 48,262 (1,087 ) Collateralized loan obligations 6,038 (20 ) — — 6,038 (20 ) State and municipal 7,492 (101 ) — — 7,492 (101 ) Total temporarily impaired $ 40,422 $ (390 ) $ 41,279 $ (1,301 ) $ 81,701 $ (1,691 ) |
Note 3 - Loans
Note 3 - Loans | 9 Months Ended |
Sep. 30, 2018 | |
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, 2018 2017 (in thousands) Commercial $ 125,699 $ 113,771 Commercial Real Estate: Construction 83,368 57,342 Farmland 83,917 88,320 Nonfarm nonresidential 163,346 156,724 Residential Real Estate: Multi-family 46,144 56,588 1-4 Family 173,674 179,222 Consumer 40,242 18,439 Agriculture 40,144 41,154 Other 517 555 Subtotal 757,051 712,115 Less: Allowance for loan losses (8,634 ) (8,202 ) Loans, net $ 748,417 $ 703,913 The following table presents the activity in the allowance for loan losses by portfolio segment for the three September 30, 2018 2017: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30 , 201 8 : Beginning balance $ 1,133 $ 4,234 $ 2,778 $ 66 $ 367 $ 2 $ 8,580 Provision (negative provision) 65 (48 ) (393 ) 21 5 – (350 ) Loans charged off (50 ) – (78 ) (15 ) – – (143 ) Recoveries 10 295 231 9 2 – 547 Ending balance $ 1,158 $ 4,481 $ 2,538 $ 81 $ 374 $ 2 $ 8,634 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 The following table presents the activity in the allowance for loan losses by portfolio segment for the nine September 30, 2018 2017: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30, 201 8 : Beginning balance $ 892 $ 4,032 $ 2,900 $ 64 $ 313 $ 1 $ 8,202 Provision (negative provision) 61 (68 ) (557 ) 7 60 (3 ) (500 ) Loans charged off (50 ) (198 ) (166 ) (49 ) (12 ) (8 ) (483 ) Recoveries 255 715 361 59 13 12 1,415 Ending balance $ 1,158 $ 4,481 $ 2,538 $ 81 $ 374 $ 2 $ 8,634 September 30, 201 7 : Beginning balance $ 475 $ 4,894 $ 3,426 $ 8 $ 162 $ 2 $ 8,967 Provision (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 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of September 30, 2018: 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 $ – $ 46 $ 190 $ – $ – $ – $ 236 Collectively evaluated for impairment 1,158 4,435 2,348 81 374 2 8,398 Total ending allowance balance $ 1,158 $ 4,481 $ 2,538 $ 81 $ 374 $ 2 $ 8,634 Loans: Loans individually evaluated for impairment $ 56 $ 1,377 $ 2,371 $ – $ – $ – $ 3,804 Loans collectively evaluated for impairment 125,643 329,254 217,447 40,242 40,144 517 753,247 Total ending loans balance $ 125,699 $ 330,631 $ 219,818 $ 40,242 $ 40,144 $ 517 $ 757,051 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of December 31, 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 $ – $ 206 $ – $ – $ – $ 219 Collectively evaluated for impairment 879 4,032 2,694 64 313 1 7,983 Total ending allowance balance $ 892 $ 4,032 $ 2,900 $ 64 $ 313 $ 1 $ 8,202 Loans: Loans individually evaluated for impairment $ 587 $ 2,635 $ 3,950 $ 1 $ – $ – $ 7,173 Loans collectively evaluated for impairment 113,184 299,751 231,860 18,438 41,154 555 704,942 Total ending loans balance $ 113,771 $ 302,386 $ 235,810 $ 18,439 $ 41,154 $ 555 $ 712,115 Impaired Loans Impaired loans include restructured loans and loans on nonaccrual or classified as doubtful, whereby collection of the total amount is improbable, or loss, whereby all or a portion of the loan has been written off or a specific allowance for loss has been provided. The following tables present information related to loans individually evaluated for impairment by class of loans as of September 30, 2018 December 31, 2017 nine September 30, 2018 2017: As of September 30, 2018 Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 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 $ 122 $ 56 $ — $ 33 $ — $ 143 $ 1 Commercial real estate: Construction — — — — — — — Farmland 2,753 952 — 974 27 1,423 308 Nonfarm nonresidential 714 255 — 259 11 343 19 Residential real estate: Multi-family — — — — — — — 1-4 Family 2,761 1,619 — 1,591 116 2,048 151 Consumer 8 — — — — 1 — Agriculture — — — — — — — Other — — — — — — — Subtotal 6,358 2,882 — 2,857 154 3,958 479 With An Allowance Recorded: Commercial — — — 50 — 75 4 Commercial real estate: Construction — — — — — — — Farmland 170 170 46 171 — 86 — Nonfarm nonresidential — — — — — — — Residential real estate: Multi-family — — — — — — — 1-4 Family 752 752 190 1,102 — 1,208 32 Consumer — — — — — — — Agriculture — — — — — — — Other — — — — — — — Subtotal 922 922 236 1,323 — 1,369 36 Total $ 7,280 $ 3,804 $ 236 $ 4,180 $ 154 $ 5,327 $ 515 As of December 31, 2017 Three Months Ended September 30, 201 7 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 $ 703 $ 487 $ — $ 499 $ — $ 497 $ — Commercial real estate: Construction — — — — — — — Farmland 3,687 2,059 — 2,336 — 2,800 209 Nonfarm nonresidential 1,047 576 — 311 1 752 53 Residential real estate: Multi-family — — — — — 1,025 — 1-4 Family 4,293 2,787 — 2,879 22 2,909 50 Consumer 9 1 — — 2 2 2 Agriculture — — — 60 1 30 1 Other — — — — — — — Subtotal 9,739 5,910 — 6,085 26 8,015 315 With An Allowance Recorded: Commercial 100 100 13 100 1 100 5 Commercial real estate: Construction — — — — — — — Farmland — — — — — 294 — Nonfarm nonresidential — — — 294 5 298 14 Residential real estate: Multi-family — — — — — — — 1-4 Family 1,163 1,163 206 1,412 17 1,465 51 Consumer — — — — — — — Agriculture — — — — — 30 — Other — — — — — — — Subtotal 1,263 1,263 219 1,806 23 2,187 70 Total $ 11,002 $ 7,173 $ 219 $ 7,891 $ 49 $ 10,202 $ 385 Cash basis income recognized for the three nine September 30, 2018 $93,000 $410,000, $24,000 $309,000 three nine September 30, 2017, 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 has allocated reserves for these loans to reflect the present value of the concessionary terms granted to the borrower. The following table presents the types of TDR loan modifications by portfolio segment outstanding as of September 30, 2018 December 31, 2017: TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) September 30, 2018 Commercial Real Estate: Farmland Principal deferral — 700 700 Nonfarm nonresidential Rate reduction 186 — 186 Residential Real Estate: 1-4 Family Rate reduction 724 — 724 Total TDRs $ 910 $ 700 $ 1,610 TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2017 Commercial Rate reduction $ — $ 33 $ 33 Principal deferral — 434 434 Commercial Real Estate: Farmland Principal deferral — 1,362 1,362 Nonfarm nonresidential Rate reduction 483 — 483 Residential Real Estate: 1-4 Family Rate reduction 734 — 734 Total TDRs $ 1,217 $ 1,829 $ 3,046 At September 30, 2018 December 31, 2017, 57% 40%, $162,000 $122,000 September 30, 2018, December 31, 2017, no September 30, 2018 December 31, 2017 Management periodically reviews renewals and modifications of previously identified TDRs, for which there was no no not not No three nine September 30, 2018 September 30, 2017. first nine 2018 2017, 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, 2018, December 31, 2017: Nonaccrual Loans Past Due 90 Days And Over Still Accruing September 30 , 201 8 December 31, 201 7 September 30 , 201 8 December 31, 201 7 (in thousands) Commercial $ 56 $ 487 $ — $ — Commercial Real Estate: Construction — — — — Farmland 1,122 2,059 — — Nonfarm nonresidential 69 93 — — Residential Real Estate: Multi-family — — — — 1-4 Family 1,445 2,817 — — Consumer — 1 — — Agriculture — — — 1 Other — — — — Total $ 2,692 $ 5,457 $ — $ 1 The following table presents the aging of the recorded investment in past due loans as of September 30, 2018 December 31, 2017: 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, 2018 Commercial $ — $ — $ — $ 56 $ 56 Commercial Real Estate: Construction — — — — — Farmland 369 372 — 1,122 1,863 Nonfarm nonresidential 128 — — 69 197 Residential Real Estate: Multi-family — — — — — 1-4 Family 808 147 — 1,445 2,400 Consumer 43 8 — — 51 Agriculture 144 402 — — 546 Other — — — — — Total $ 1,492 $ 929 $ — $ 2,692 $ 5,113 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, 2017 Commercial $ — $ — $ — $ 487 $ 487 Commercial Real Estate: Construction — — — — — Farmland 593 — — 2,059 2,652 Nonfarm nonresidential — — — 93 93 Residential Real Estate: Multi-family — — — — — 1-4 Family 850 126 — 2,817 3,793 Consumer 30 45 — 1 76 Agriculture 5 — 1 — 6 Other — — — — — Total $ 1,478 $ 171 $ 1 $ 5,457 $ 7,107 Credit Quality Indicators Management categorizes all loans into risk categories at origination based upon original underwriting. Thereafter, management categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends. Additionally, loans are analyzed through internal and external loan review processes. Borrower relationships in excess of $500,000 Watch – may Special Mention – not one may Substandard – may not Doubtful Loans not September 30, 2018, December 31, 2017, Pass Watch Special Mention Substandard Doubtful Total (in thousands) September 30 , 201 8 Commercial $ 125,392 $ 180 $ — $ 127 $ — $ 125,699 Commercial Real Estate: Construction 83,368 — — — — 83,368 Farmland 77,827 2,796 — 3,294 — 83,917 Nonfarm nonresidential 160,671 2,017 — 658 — 163,346 Residential Real Estate: Multi-family 40,992 5,152 — — — 46,144 1-4 Family 167,620 1,965 114 3,975 — 173,674 Consumer 39,890 23 — 329 — 40,242 Agriculture 39,916 181 — 47 — 40,144 Other 517 — — — — 517 Total $ 736,193 $ 12,314 $ 114 $ 8,430 $ — $ 757,051 Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 2017 Commercial $ 112,978 $ 84 $ — $ 709 $ — $ 113,771 Commercial Real Estate: Construction 57,342 — — — — 57,342 Farmland 76,563 7,607 — 4,150 — 88,320 Nonfarm nonresidential 152,004 2,906 — 1,814 — 156,724 Residential Real Estate: Multi-family 47,121 9,467 — — — 56,588 1-4 Family 169,774 3,535 164 5,749 — 179,222 Consumer 18,042 306 — 91 — 18,439 Agriculture 38,654 1,810 — 690 — 41,154 Other 555 — — — — 555 Total $ 673,033 $ 25,715 $ 164 $ 13,203 $ — $ 712,115 |
Note 4 - Other Real Estate Owne
Note 4 - Other Real Estate Owned | 9 Months Ended |
Sep. 30, 2018 | |
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 lieu of foreclosure, it is recorded at its fair market value less cost to sell. Any write-down of the property at the time of acquisition is charged to the allowance for loan losses. Fair value of OREO is determined on an individual property basis. When foreclosed properties are acquired, management obtains a new appraisal of the subject property or has staff from the Bank’s special assets group evaluate the latest in-file appraisal in connection with the transfer to OREO. Updated appraisals are typically obtained within five The following table presents the major categories of OREO at the period-ends indicated: September 30, 2018 December 31, 2017 (in thousands) Commercial Real Estate: Construction, land development, and other land $ 3,750 $ 4,335 Farmland — 74 $ 3,750 $ 4,409 Residential loans secured by 1 4 $813,000 $616,000 September 30, 2018 December 31, 2017, Activity relating to OREO during the nine September 30, 2018 2017 For the Nine Months Ended September 3 0 , 201 8 201 7 (in thousands) OREO Activity OREO as of January 1 $ 4,409 $ 6,821 Real estate acquired 730 270 Valuation adjustment write-downs (585 ) (98 ) Net gain on sales 72 75 Proceeds from sales of properties (876 ) (738 ) OREO as of September 30 $ 3,750 $ 6,330 Expenses related to other real estate owned include: Three Months Ended September 30, Nine Months Ended September 30, 201 8 201 7 201 8 201 7 (in thousands) (in thousands) Net gain on sales $ (22 ) $ (10 ) $ (72 ) $ (75 ) Valuation adjustment write-downs 260 98 585 98 Operating expense 33 23 77 69 Total $ 271 $ 111 $ 590 $ 92 |
Note 5 - Deposits
Note 5 - Deposits | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 5 – Deposits The following table details deposits by category: September 30 , 201 8 December 31, 201 7 (in thousands) Non-interest bearing $ 135,561 $ 137,386 Interest checking 87,407 99,383 Money market 159,499 151,388 Savings 34,320 34,632 Certificates of deposit 457,239 424,235 Total $ 874,026 $ 847,024 Time deposits of $250,000 $29.2 $31.7 September 30, 2018 December 31, 2017, Scheduled maturities of total time deposits at September 30, 2018 five Year 1 $ 233,009 Year 2 200,558 Year 3 6,832 Year 4 6,714 Year 5 10,126 $ 457,239 |
Note 6 - Advances From the Fede
Note 6 - Advances From the Federal Home Loan Bank | 9 Months Ended |
Sep. 30, 2018 | |
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 were as follows: September 30, December 31, 2018 2017 (in thousands) Short term advances (fixed rates 2.18% to 2.29%) maturing October 2018 $ 50,000 $ 10,000 Long term advances (fixed rates 0.00% to 5.24%) maturing April 2020 to August 2033 1,591 1,797 Total advances from the Federal Home Loan Bank $ 51,591 $ 11,797 FHLB advances had a weighted-average rate of 2.24% September 30, 2018 1.48% December 31, 2017. No 2018 2017. $127.4 $130.9 first September 30, 2018 December 31, 2017, September 30, 2018, $41.1 Scheduled principal payments on FHLB advances during the next five Advances Year 1 $ 50,174 Year 2 476 Year 3 728 Year 4 100 Year 5 77 Thereafter 36 $ 51,591 |
Note 7 - Senior Debt
Note 7 - Senior Debt | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | Note 7 The Company has a $10.0 June 30, 2022. three 250 June 30, 2020, $250,000 first 100% may September 30, 2018, $514,000. The loan agreement contains customary representations, 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, 2018. |
Note 8 - Fair Values Measuremen
Note 8 - Fair Values Measurement | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 8 – Fair Values Measurement Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Various valuation techniques are used to determine fair value, including market, income and cost approaches. There are three may Level 1: Level 2: 1 not Level 3: In certain cases, the inputs used to measure fair value may Securities: 1 not two 2 not 3 Impaired Loans: 3 may Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. These routine adjustments are made to adjust the value of a specific property relative to comparable properties for variations in qualities such as location, size, and income production capacity relative to the subject property of the appraisal. Such adjustments are typically significant and result in a Level 3 Management 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 Management also apply discounts to the expected fair value of collateral for impaired loans where the likely resolution involves litigation or foreclosure. Resolution of this nature generally results in receiving lower values for real estate collateral in a more aggressive sales environment. Discounts ranging from 10% 33% Impaired loans are evaluated quarterly for additional impairment. Management obtains 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 the assessment of deterioration of real estate values in the market in which the property is located. The first second Other Real Estate Owned (OREO) For larger dollar commercial real estate properties, management obtains a new appraisal of the subject property or has staff in the special assets group evaluate the latest in-file appraisal in connection with the transfer to OREO. Management generally obtains updated appraisals within five Financial assets measured at fair value on a recurring basis at September 30, 2018 December 31, 2017 Fair Value Measurements at September 30 , 201 8 Using (in thousands) Quoted Prices In Significant Active Markets for Significant Other Unobservable Carrying Identical Assets Observable Inputs Inputs Description Value (Level 1) (Level 2) (Level 3) Available for sale securities U.S. Government and federal agency $ 22,650 $ — $ 22,650 $ — Agency mortgage-backed: residential 85,812 — 85,812 — Collateralized loan obligations 34,876 — 34,876 — State and municipal 32,648 — 32,648 — Corporate bonds 8,884 — 8,884 — Total $ 184,870 $ — $ 184,870 $ — Fair Value Measurements at December 31, 2017 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities U.S. Government and federal agency $ 21,624 $ — $ 21,624 $ — Agency mortgage-backed: residential 64,965 — 64,965 — Collateralized loan obligations 25,505 — 25,505 — State and municipal 33,710 — 33,710 — Corporate bonds 6,916 — 6,916 — Total $ 152,720 $ — $ 152,720 $ — There were no 1 2 2018 2017. Financial assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at September 30 , 201 8 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ — $ — $ — $ — Commercial real estate: Construction — — — — Farmland 124 — — 124 Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 562 — — 562 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned: Commercial real estate: Construction 3,750 — — 3,750 Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family — — — — Fair Value Measurements at December 31, 2017 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ 87 $ — $ — $ 87 Commercial real estate: Construction — — — — Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 957 — — 957 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned, net: Commercial real estate: Construction 4,335 — — 4,335 Farmland 74 — — 74 Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family — — — — Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a carrying amount of $922,000 September 30, 2018 $236,000, no three September 30, 2018 $18,000 nine September 30, 2018. $1.7 September 30, 2017 $399,000, $171,000 $29,000, three nine September 30, 2017. December 31, 2017, $1.3 $219,000. OREO, which is measured at the lower of carrying or fair value less costs to sell, had a net carrying amount of $3.8 September 30, 2018, $6.3 September 30, 2017 $4.4 December 31, 2017. $260,000 $585,000 three nine September 30, 2018, $98,000 three nine September 30, 2017, The following table presents qualitative information about level 3 September 30, 2018: Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) (in thousands Impaired loans – Residential real estate $ 562 Sales comparison approach Adjustment for differences between the comparable sales 0% - 26% (9%) Other real estate owned – Commercial real estate $ 3,750 Sales comparison approach Adjustment for differences between the comparable sales 0% - 35% (18%) Income approach Discount or capitalization rate 25% (25%) The following table presents qualitative information about level 3 December 31, 2017: Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) (in thousands) Impaired loans – Residential real estate $ 957 Sales comparison approach Adjustment for differences between the comparable sales 0% - 26% (9%) Other real estate owned – Commercial real estate $ 4,409 Sales comparison approach Adjustment for differences between the comparable sales 0% - 35% (18%) Income approach Discount or capitalization rate 25% (25%) Carrying amount and estimated fair values of financial instruments were as follows for the periods indicated: Fair Value Measurements at September 30, 2018 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 37,531 $ 5,770 $ 31,761 $ — $ 37,531 Securities available for sale 184,870 — 184,870 — 184,870 Federal Home Loan Bank stock 7,233 N/A N/A N/A N/A Loans, net 748,417 — — 733,877 733,877 Accrued interest receivable 3,707 — 1,119 2,588 3,707 Financial liabilities Deposits $ 874,026 $ 135,561 $ 737,570 $ — $ 873,131 Federal Home Loan Bank advances 51,591 — 51,549 — 51,549 Junior subordinated debentures 21,000 — — 16,344 16,344 Senior debt 10,000 — — 9,908 9,908 Accrued interest payable 597 — 544 53 597 Fair Value Measurements at December 31, 2017 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 34,103 $ 8,137 $ 25,966 $ — $ 34,103 Securities available for sale 152,720 — 152,720 — 152,720 Federal Home Loan Bank stock 7,323 N/A N/A N/A N/A Loans held for sale 70 — 70 — 70 Loans, net 703,913 — — 703,263 703,263 Accrued interest receivable 3,136 — 925 2,211 3,136 Financial liabilities Deposits $ 847,024 $ 137,386 $ 693,320 $ — $ 830,706 Federal Home Loan Bank advances 11,797 — 11,799 — 11,799 Subordinated capital notes 2,250 — — 2,246 2,246 Junior subordinated debentures 21,000 — — 19,090 19,090 Senior Debt 10,000 — — 10,000 10,000 Accrued interest payable 1,475 — 357 1,118 1,475 The methods and assumptions, not ( a) Cash and Cash Equivalents The carrying amounts of cash and short-term instruments approximate fair values and are classified as either Level 1 2. 1 2. (b) FHLB Stock It is not (c) Loans, Net At September 30, 2018, 3 At December 31, 2017, no 3 3 not (d) Loans Held for Sale The fair value of loans held for sale is estimated based upon binding contracts and quotes from third 2 (e) Deposits The fair values for non-interest bearing non-maturity deposits are, by definition, equal to the amount payable on demand at the reporting date resulting in a Level 1 2 2 (f) Other Borrowings At September 30, 2018, 2 December 31, 2017, 2 At September 30, 2018, 3 December 31, 2017, 3 (g) Accrued Interest Receivable/Payable The carrying amounts of accrued interest approximate fair value resulting in a Level 2 3 |
Note 9 - Income Taxes
Note 9 - Income Taxes | 9 Months Ended |
Sep. 30, 2018 | |
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, 2018 2017 (in thousands) Deferred tax assets: Net operating loss carry-forward $ 24,079 $ 25,645 Allowance for loan losses 1,813 1,723 OREO write-down 2,555 2,432 Alternative minimum tax credit carry-forward 346 692 Net assets from acquisitions 307 358 Net unrealized loss on securities 848 169 New market tax credit carry-forward 208 208 Nonaccrual loan interest 234 271 Accrued expenses 204 172 Deferred compensation 269 277 Other 241 241 31,104 32,188 Deferred tax liabilities: FHLB stock dividends 557 557 Fixed assets 77 68 Deferred loan costs 141 152 Other 99 98 874 875 Net deferred tax asset $ 30,230 $ 31,313 At September 30, 2018, $114.7 2031. September 30, 2018, $346,000 2018 The Company does not not twelve no three nine September 30, 2018 September 30, 2017 Under Section 382 382” 382. 5% 50 In 2015, two one July 10, 2015. 5% not 5% not not May 2018 June 30, 2021, ( no may 382 no On September 23, 2015, 382. May 2018 May 23, 2021, ( no may 382 no no The Company and its subsidiaries are subject to U.S. federal income tax and the Company is subject to income tax in the Commonwealth of Kentucky. The Company is no 2015. |
Note 10 - Stock Plans and Stock
Note 10 - Stock Plans and Stock Based Compensation | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 10 – Stock Plans and Stock Based Compensation Shares available for issuance under the 2018 “2018 328,274. three Shares issued annually to non-employee directors have a fair market value of $25,000 December 31 The fair value of the 2018 $654,000, $13.99 $171,000 $334,000 three nine September 30, 2018, $129,000 $271,000 three nine September 30, 2017, $36,000 $70,000 three nine September 30, 2018, no three nine September 30, 2017. The following table summarizes unvested share activity as of and for the periods indicated for the Stock Incentive Plan: Nine Months Ended Twelve Months Ended September 30 , 201 8 December 31, 201 7 Weighted Weighted Average Average Grant Grant Shares Price Shares Price Outstanding, beginning 142,334 $ 5.67 179,513 $ 4.89 Granted 46,726 13.99 37,865 9.64 Vested (66,164 ) 5.39 (73,728 ) 5.75 Forfeited — — (1,316 ) 9.35 Outstanding, ending 122,896 $ 8.98 142,334 $ 5.67 Unrecognized stock based compensation expense related to unvested shares for the remainder of 2018 October 2018 – December 2018 $ 190 2019 259 2020 185 2021 67 |
Note 11 - Earnings Per Share
Note 11 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2018 | |
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 8 201 7 201 8 201 7 (in thousands, except share and per share data) Net income $ 2,437 $ 1,794 $ 6,354 $ 5,183 Less: Earnings allocated to unvested shares 40 45 105 133 Net income available to common shareholders, basic and diluted $ 2,397 $ 1,749 $ 6,249 $ 5,050 Basic Weighted average common shares including unvested common shares outstanding 7,455,316 6,259,864 7,059,472 6,245,418 Less: Weighted average unvested common shares 122,097 157,412 117,060 160,825 Weighted average common shares outstanding 7,333,219 6,102,452 6,942,412 6,084,593 Basic income per common share $ 0.33 $ 0.29 $ 0.90 $ 0.83 Diluted Add: Dilutive effects of assumed exercises of common stock warrants — — — — Weighted average common shares and potential common shares 7,333,219 6,102,452 6,942,412 6,084,593 Diluted income per common share $ 0.33 $ 0.29 $ 0.90 $ 0.83 The Company had no September 30, 2018 2017. 66,113 $79.41 September 30, 2018 2017, not November 21, 2018. |
Note 12 - Regulatory Capital Ma
Note 12 - Regulatory Capital Matters | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 1 2 – Regulatory Capital Matters 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 result in 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%. 2018 1.875% 1.25% 2017. The following tables show the ratios (excluding capital conservation buffer) and amounts of common equity Tier 1, 1 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, 201 8 : Total risk-based capital (to risk-weighted assets) Consolidated $ 100,936 12.07 % $ 66,910 8.00 % N/A N/A Bank 105,243 12.60 66,836 8.00 $ 83,545 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 90,555 10.83 50,183 6.00 N/A N/A Bank 96,609 11.56 50,127 6.00 66,836 8.00 Total common equity Tier 1 risk-based capital (to risk-weighted assets) Consolidated 77,013 9.21 37,637 4.50 N/A N/A Bank 96,609 11.56 37,595 4.50 54,304 6.50 Tier 1 capital (to average assets) Consolidated 90,555 8.91 40,638 4.00 N/A N/A Bank 96,609 9.51 40,622 4.00 50,778 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, 2017: Total risk-based capital (to risk- weighted assets) Consolidated $ 83,072 10.55 % $ 63,014 8.00 % N/A N/A Bank 91,305 11.61 62,938 8.00 $ 78,672 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 66,487 8.44 47,260 6.00 N/A N/A Bank 81,393 10.35 47,203 6.00 62,938 8.00 Total common equity Tier 1 risk- based capital (to risk-weighted assets) Consolidated 54,535 6.92 35,445 4.50 N/A N/A Bank 81,393 10.35 35,403 4.50 51,137 6.50 Tier 1 capital (to average assets) Consolidated 66,487 7.11 37,392 4.00 N/A N/A Bank 81,393 8.70 37,421 4.00 46,777 5.00 N/A: Not not s. Kentucky banking laws limit the amount of dividends that may may two |
Note 13 - Off Balance Sheet Ris
Note 13 - Off Balance Sheet Risks, Commitments, and Contingent Liabilities | 9 Months Ended |
Sep. 30, 2018 | |
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 instruments 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 not No The following table presents the contractual amounts of financial instruments with off-balance sheet risk for each period ended: September 30, 2018 December 31, 2017 Fixed Rate Variable Rate Fixed Rate Variable Rate (in thousands) Commitments to make loans $ 6,609 $ 11,436 $ 27,349 $ 31,412 Unused lines of credit 5,505 63,887 11,034 57,727 Standby letters of credit 542 1,749 2,216 373 Commitments to make loans are generally made for periods of one In connection with the purchase of loan participations, the Bank is party to risk participation agreements, which had notional amounts totaling $26.6 September 30, 2018 $19.8 December 31, 2017. not 815, not 820, September 30, 2018 December 31, 2017, $26.6 $19.8 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 |
Note 14 - Revenue From Contract
Note 14 - Revenue From Contracts With Customers | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 14 The Company adopted ASC 606 606 not 606 $142,000 $405,000 three nine September 30, 2017, 2018 2017 no three nine September 30, 2017. All of the Company’s revenue from customers in the scope of ASC 606 606 Service Charges on Deposit Accounts: Bank Card Interchange Income: 606, 606, Gains/Losses on Sales of OREO: not 2018 2017. Other Non-interest Income 606, $301,000 $546,000 three nine September 30, 2018, 606. $195,000 $531,000 three nine September 30, 2017, 606. three nine 606. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation 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 10 01 X. not three nine September 30, 2018 not may December 31, 2017 10 |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
Reclassification, Policy [Policy Text Block] | Reclassifications not |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Standards – May 2014, 2014 09, 606 606” 606. 606 606 January 1, 2018. not “Note 14 In January 2016, No. 2016 01, 825 10 1 2 3 4 5 6 7 January 1, 2018. not “Note 8 In February 2016, No. 2016 02, 842 December 15, 2018. not In June 2016, No. 2016 13, 326 first December 15, 2019. one first In March 2017, No. 2017 08, 310 20 first December 15, 2018. not In February 2018, No. 2018 02, 220 December 15, 2018, 2018. January 1, 2018 not $113,000 |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) September 30, 2018 Available for sale U.S. Government and federal agency $ 23,762 $ — $ (1,112 ) $ 22,650 Agency mortgage-backed: residential 88,526 79 (2,793 ) 85,812 Collateralized loan obligations 34,908 4 (36 ) 34,876 State and municipal 32,835 194 (381 ) 32,648 Corporate bonds 8,877 32 (25 ) 8,884 Total available for sale $ 188,908 $ 309 $ (4,347 ) $ 184,870 December 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale U.S. Government and federal agency $ 22,105 $ 2 $ (483 ) $ 21,624 Agency mortgage-backed: residential 65,935 117 (1,087 ) 64,965 Collateralized loan obligations 25,343 182 (20 ) 25,505 State and municipal 33,303 508 (101 ) 33,710 Corporate bonds 6,838 78 — 6,916 Total available for sale $ 153,524 $ 887 $ (1,691 ) $ 152,720 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 201 8 201 7 201 8 201 7 (in thousands) (in thousands) Proceeds $ — $ 2,000 $ 6,054 $ 2,047 Gross gains — — — — Gross losses — — 6 5 |
Investments Classified by Contractual Maturity Date [Table Text Block] | September 30, 2018 Amortized Cost Fair Value (in thousands) Maturity Available for sale Within one year $ 25,700 $ 25,720 One to five years 55,798 54,962 Five to ten years 15,877 15,370 Beyond ten years 3,007 3,006 Agency mortgage-backed: residential 88,526 85,812 Total $ 188,908 $ 184,870 |
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, 2018 Available for sale U.S. Government and federal agency $ 7,191 $ (206 ) $ 15,459 $ (906 ) $ 22,650 $ (1,112 ) Agency mortgage-backed: residential 50,542 (1,172 ) 27,602 (1,621 ) 78,144 (2,793 ) Collateralized loan obligations 25,808 (36 ) — — 25,808 (36 ) State and municipal 18,591 (381 ) — — 18,591 (381 ) Corporate bonds 1,975 (25 ) — — 1,975 (25 ) Total temporarily impaired $ 104,107 $ (1,820 ) $ 43,061 $ (2,527 ) $ 147,168 $ (4,347 ) December 31, 2017 Available for sale U.S. Government and federal agency $ 5,788 $ (97 ) $ 14,121 $ (386 ) $ 19,909 $ (483 ) Agency mortgage-backed: residential 21,104 (172 ) 27,158 (915 ) 48,262 (1,087 ) Collateralized loan obligations 6,038 (20 ) — — 6,038 (20 ) State and municipal 7,492 (101 ) — — 7,492 (101 ) Total temporarily impaired $ 40,422 $ (390 ) $ 41,279 $ (1,301 ) $ 81,701 $ (1,691 ) |
Note 3 - Loans (Tables)
Note 3 - Loans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, December 31, 2018 2017 (in thousands) Commercial $ 125,699 $ 113,771 Commercial Real Estate: Construction 83,368 57,342 Farmland 83,917 88,320 Nonfarm nonresidential 163,346 156,724 Residential Real Estate: Multi-family 46,144 56,588 1-4 Family 173,674 179,222 Consumer 40,242 18,439 Agriculture 40,144 41,154 Other 517 555 Subtotal 757,051 712,115 Less: Allowance for loan losses (8,634 ) (8,202 ) Loans, net $ 748,417 $ 703,913 |
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 8 : Beginning balance $ 1,133 $ 4,234 $ 2,778 $ 66 $ 367 $ 2 $ 8,580 Provision (negative provision) 65 (48 ) (393 ) 21 5 – (350 ) Loans charged off (50 ) – (78 ) (15 ) – – (143 ) Recoveries 10 295 231 9 2 – 547 Ending balance $ 1,158 $ 4,481 $ 2,538 $ 81 $ 374 $ 2 $ 8,634 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 Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) September 30, 201 8 : Beginning balance $ 892 $ 4,032 $ 2,900 $ 64 $ 313 $ 1 $ 8,202 Provision (negative provision) 61 (68 ) (557 ) 7 60 (3 ) (500 ) Loans charged off (50 ) (198 ) (166 ) (49 ) (12 ) (8 ) (483 ) Recoveries 255 715 361 59 13 12 1,415 Ending balance $ 1,158 $ 4,481 $ 2,538 $ 81 $ 374 $ 2 $ 8,634 September 30, 201 7 : Beginning balance $ 475 $ 4,894 $ 3,426 $ 8 $ 162 $ 2 $ 8,967 Provision (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 |
Impairment Evaluation of Financing Receivables [Table Text Block] | Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ – $ 46 $ 190 $ – $ – $ – $ 236 Collectively evaluated for impairment 1,158 4,435 2,348 81 374 2 8,398 Total ending allowance balance $ 1,158 $ 4,481 $ 2,538 $ 81 $ 374 $ 2 $ 8,634 Loans: Loans individually evaluated for impairment $ 56 $ 1,377 $ 2,371 $ – $ – $ – $ 3,804 Loans collectively evaluated for impairment 125,643 329,254 217,447 40,242 40,144 517 753,247 Total ending loans balance $ 125,699 $ 330,631 $ 219,818 $ 40,242 $ 40,144 $ 517 $ 757,051 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 $ – $ 206 $ – $ – $ – $ 219 Collectively evaluated for impairment 879 4,032 2,694 64 313 1 7,983 Total ending allowance balance $ 892 $ 4,032 $ 2,900 $ 64 $ 313 $ 1 $ 8,202 Loans: Loans individually evaluated for impairment $ 587 $ 2,635 $ 3,950 $ 1 $ – $ – $ 7,173 Loans collectively evaluated for impairment 113,184 299,751 231,860 18,438 41,154 555 704,942 Total ending loans balance $ 113,771 $ 302,386 $ 235,810 $ 18,439 $ 41,154 $ 555 $ 712,115 |
Impaired Financing Receivables [Table Text Block] | As of September 30, 2018 Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 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 $ 122 $ 56 $ — $ 33 $ — $ 143 $ 1 Commercial real estate: Construction — — — — — — — Farmland 2,753 952 — 974 27 1,423 308 Nonfarm nonresidential 714 255 — 259 11 343 19 Residential real estate: Multi-family — — — — — — — 1-4 Family 2,761 1,619 — 1,591 116 2,048 151 Consumer 8 — — — — 1 — Agriculture — — — — — — — Other — — — — — — — Subtotal 6,358 2,882 — 2,857 154 3,958 479 With An Allowance Recorded: Commercial — — — 50 — 75 4 Commercial real estate: Construction — — — — — — — Farmland 170 170 46 171 — 86 — Nonfarm nonresidential — — — — — — — Residential real estate: Multi-family — — — — — — — 1-4 Family 752 752 190 1,102 — 1,208 32 Consumer — — — — — — — Agriculture — — — — — — — Other — — — — — — — Subtotal 922 922 236 1,323 — 1,369 36 Total $ 7,280 $ 3,804 $ 236 $ 4,180 $ 154 $ 5,327 $ 515 As of December 31, 2017 Three Months Ended September 30, 201 7 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 $ 703 $ 487 $ — $ 499 $ — $ 497 $ — Commercial real estate: Construction — — — — — — — Farmland 3,687 2,059 — 2,336 — 2,800 209 Nonfarm nonresidential 1,047 576 — 311 1 752 53 Residential real estate: Multi-family — — — — — 1,025 — 1-4 Family 4,293 2,787 — 2,879 22 2,909 50 Consumer 9 1 — — 2 2 2 Agriculture — — — 60 1 30 1 Other — — — — — — — Subtotal 9,739 5,910 — 6,085 26 8,015 315 With An Allowance Recorded: Commercial 100 100 13 100 1 100 5 Commercial real estate: Construction — — — — — — — Farmland — — — — — 294 — Nonfarm nonresidential — — — 294 5 298 14 Residential real estate: Multi-family — — — — — — — 1-4 Family 1,163 1,163 206 1,412 17 1,465 51 Consumer — — — — — — — Agriculture — — — — — 30 — Other — — — — — — — Subtotal 1,263 1,263 219 1,806 23 2,187 70 Total $ 11,002 $ 7,173 $ 219 $ 7,891 $ 49 $ 10,202 $ 385 |
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, 2018 Commercial Real Estate: Farmland Principal deferral — 700 700 Nonfarm nonresidential Rate reduction 186 — 186 Residential Real Estate: 1-4 Family Rate reduction 724 — 724 Total TDRs $ 910 $ 700 $ 1,610 TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2017 Commercial Rate reduction $ — $ 33 $ 33 Principal deferral — 434 434 Commercial Real Estate: Farmland Principal deferral — 1,362 1,362 Nonfarm nonresidential Rate reduction 483 — 483 Residential Real Estate: 1-4 Family Rate reduction 734 — 734 Total TDRs $ 1,217 $ 1,829 $ 3,046 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | Nonaccrual Loans Past Due 90 Days And Over Still Accruing September 30 , 201 8 December 31, 201 7 September 30 , 201 8 December 31, 201 7 (in thousands) Commercial $ 56 $ 487 $ — $ — Commercial Real Estate: Construction — — — — Farmland 1,122 2,059 — — Nonfarm nonresidential 69 93 — — Residential Real Estate: Multi-family — — — — 1-4 Family 1,445 2,817 — — Consumer — 1 — — Agriculture — — — 1 Other — — — — Total $ 2,692 $ 5,457 $ — $ 1 |
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, 2018 Commercial $ — $ — $ — $ 56 $ 56 Commercial Real Estate: Construction — — — — — Farmland 369 372 — 1,122 1,863 Nonfarm nonresidential 128 — — 69 197 Residential Real Estate: Multi-family — — — — — 1-4 Family 808 147 — 1,445 2,400 Consumer 43 8 — — 51 Agriculture 144 402 — — 546 Other — — — — — Total $ 1,492 $ 929 $ — $ 2,692 $ 5,113 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, 2017 Commercial $ — $ — $ — $ 487 $ 487 Commercial Real Estate: Construction — — — — — Farmland 593 — — 2,059 2,652 Nonfarm nonresidential — — — 93 93 Residential Real Estate: Multi-family — — — — — 1-4 Family 850 126 — 2,817 3,793 Consumer 30 45 — 1 76 Agriculture 5 — 1 — 6 Other — — — — — Total $ 1,478 $ 171 $ 1 $ 5,457 $ 7,107 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Pass Watch Special Mention Substandard Doubtful Total (in thousands) September 30 , 201 8 Commercial $ 125,392 $ 180 $ — $ 127 $ — $ 125,699 Commercial Real Estate: Construction 83,368 — — — — 83,368 Farmland 77,827 2,796 — 3,294 — 83,917 Nonfarm nonresidential 160,671 2,017 — 658 — 163,346 Residential Real Estate: Multi-family 40,992 5,152 — — — 46,144 1-4 Family 167,620 1,965 114 3,975 — 173,674 Consumer 39,890 23 — 329 — 40,242 Agriculture 39,916 181 — 47 — 40,144 Other 517 — — — — 517 Total $ 736,193 $ 12,314 $ 114 $ 8,430 $ — $ 757,051 Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 2017 Commercial $ 112,978 $ 84 $ — $ 709 $ — $ 113,771 Commercial Real Estate: Construction 57,342 — — — — 57,342 Farmland 76,563 7,607 — 4,150 — 88,320 Nonfarm nonresidential 152,004 2,906 — 1,814 — 156,724 Residential Real Estate: Multi-family 47,121 9,467 — — — 56,588 1-4 Family 169,774 3,535 164 5,749 — 179,222 Consumer 18,042 306 — 91 — 18,439 Agriculture 38,654 1,810 — 690 — 41,154 Other 555 — — — — 555 Total $ 673,033 $ 25,715 $ 164 $ 13,203 $ — $ 712,115 |
Note 4 - Other Real Estate Ow_2
Note 4 - Other Real Estate Owned (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Real Estate Properties [Table Text Block] | September 30, 2018 December 31, 2017 (in thousands) Commercial Real Estate: Construction, land development, and other land $ 3,750 $ 4,335 Farmland — 74 $ 3,750 $ 4,409 |
Schedule of Expenses Related to Foreclosed Real Estate [Table Text Block] | For the Nine Months Ended September 3 0 , 201 8 201 7 (in thousands) OREO Activity OREO as of January 1 $ 4,409 $ 6,821 Real estate acquired 730 270 Valuation adjustment write-downs (585 ) (98 ) Net gain on sales 72 75 Proceeds from sales of properties (876 ) (738 ) OREO as of September 30 $ 3,750 $ 6,330 |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 201 8 201 7 201 8 201 7 (in thousands) (in thousands) Net gain on sales $ (22 ) $ (10 ) $ (72 ) $ (75 ) Valuation adjustment write-downs 260 98 585 98 Operating expense 33 23 77 69 Total $ 271 $ 111 $ 590 $ 92 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Deposits [Table Text Block] | September 30 , 201 8 December 31, 201 7 (in thousands) Non-interest bearing $ 135,561 $ 137,386 Interest checking 87,407 99,383 Money market 159,499 151,388 Savings 34,320 34,632 Certificates of deposit 457,239 424,235 Total $ 874,026 $ 847,024 |
Schedule of Maturities of Time Deposits [Table Text Block] | Year 1 $ 233,009 Year 2 200,558 Year 3 6,832 Year 4 6,714 Year 5 10,126 $ 457,239 |
Note 6 - Advances From the Fe_2
Note 6 - Advances From the Federal Home Loan Bank (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | September 30, December 31, 2018 2017 (in thousands) Short term advances (fixed rates 2.18% to 2.29%) maturing October 2018 $ 50,000 $ 10,000 Long term advances (fixed rates 0.00% to 5.24%) maturing April 2020 to August 2033 1,591 1,797 Total advances from the Federal Home Loan Bank $ 51,591 $ 11,797 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Advances Year 1 $ 50,174 Year 2 476 Year 3 728 Year 4 100 Year 5 77 Thereafter 36 $ 51,591 |
Note 8 - Fair Values Measurem_2
Note 8 - Fair Values Measurement (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | Fair Value Measurements at September 30 , 201 8 Using (in thousands) Quoted Prices In Significant Active Markets for Significant Other Unobservable Carrying Identical Assets Observable Inputs Inputs Description Value (Level 1) (Level 2) (Level 3) Available for sale securities U.S. Government and federal agency $ 22,650 $ — $ 22,650 $ — Agency mortgage-backed: residential 85,812 — 85,812 — Collateralized loan obligations 34,876 — 34,876 — State and municipal 32,648 — 32,648 — Corporate bonds 8,884 — 8,884 — Total $ 184,870 $ — $ 184,870 $ — Fair Value Measurements at December 31, 2017 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities U.S. Government and federal agency $ 21,624 $ — $ 21,624 $ — Agency mortgage-backed: residential 64,965 — 64,965 — Collateralized loan obligations 25,505 — 25,505 — State and municipal 33,710 — 33,710 — Corporate bonds 6,916 — 6,916 — Total $ 152,720 $ — $ 152,720 $ — Fair Value Measurements at September 30 , 201 8 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ — $ — $ — $ — Commercial real estate: Construction — — — — Farmland 124 — — 124 Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 562 — — 562 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned: Commercial real estate: Construction 3,750 — — 3,750 Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family — — — — Fair Value Measurements at December 31, 2017 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ 87 $ — $ — $ 87 Commercial real estate: Construction — — — — Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family 957 — — 957 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned, net: Commercial real estate: Construction 4,335 — — 4,335 Farmland 74 — — 74 Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family — — — — |
Fair Value Assets Measured on Nonrecurring Basis Unobservable Input Reconciliation [Table Text Block] | Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) (in thousands Impaired loans – Residential real estate $ 562 Sales comparison approach Adjustment for differences between the comparable sales 0% - 26% (9%) Other real estate owned – Commercial real estate $ 3,750 Sales comparison approach Adjustment for differences between the comparable sales 0% - 35% (18%) Income approach Discount or capitalization rate 25% (25%) Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) (in thousands) Impaired loans – Residential real estate $ 957 Sales comparison approach Adjustment for differences between the comparable sales 0% - 26% (9%) Other real estate owned – Commercial real estate $ 4,409 Sales comparison approach Adjustment for differences between the comparable sales 0% - 35% (18%) Income approach Discount or capitalization rate 25% (25%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at September 30, 2018 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 37,531 $ 5,770 $ 31,761 $ — $ 37,531 Securities available for sale 184,870 — 184,870 — 184,870 Federal Home Loan Bank stock 7,233 N/A N/A N/A N/A Loans, net 748,417 — — 733,877 733,877 Accrued interest receivable 3,707 — 1,119 2,588 3,707 Financial liabilities Deposits $ 874,026 $ 135,561 $ 737,570 $ — $ 873,131 Federal Home Loan Bank advances 51,591 — 51,549 — 51,549 Junior subordinated debentures 21,000 — — 16,344 16,344 Senior debt 10,000 — — 9,908 9,908 Accrued interest payable 597 — 544 53 597 Fair Value Measurements at December 31, 2017 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 34,103 $ 8,137 $ 25,966 $ — $ 34,103 Securities available for sale 152,720 — 152,720 — 152,720 Federal Home Loan Bank stock 7,323 N/A N/A N/A N/A Loans held for sale 70 — 70 — 70 Loans, net 703,913 — — 703,263 703,263 Accrued interest receivable 3,136 — 925 2,211 3,136 Financial liabilities Deposits $ 847,024 $ 137,386 $ 693,320 $ — $ 830,706 Federal Home Loan Bank advances 11,797 — 11,799 — 11,799 Subordinated capital notes 2,250 — — 2,246 2,246 Junior subordinated debentures 21,000 — — 19,090 19,090 Senior Debt 10,000 — — 10,000 10,000 Accrued interest payable 1,475 — 357 1,118 1,475 |
Note 9 - Income Taxes (Tables)
Note 9 - Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | September 30, December 31, 2018 2017 (in thousands) Deferred tax assets: Net operating loss carry-forward $ 24,079 $ 25,645 Allowance for loan losses 1,813 1,723 OREO write-down 2,555 2,432 Alternative minimum tax credit carry-forward 346 692 Net assets from acquisitions 307 358 Net unrealized loss on securities 848 169 New market tax credit carry-forward 208 208 Nonaccrual loan interest 234 271 Accrued expenses 204 172 Deferred compensation 269 277 Other 241 241 31,104 32,188 Deferred tax liabilities: FHLB stock dividends 557 557 Fixed assets 77 68 Deferred loan costs 141 152 Other 99 98 874 875 Net deferred tax asset $ 30,230 $ 31,313 |
Note 10 - Stock Plans and Sto_2
Note 10 - Stock Plans and Stock Based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Nonvested Share Activity [Table Text Block] | Nine Months Ended Twelve Months Ended September 30 , 201 8 December 31, 201 7 Weighted Weighted Average Average Grant Grant Shares Price Shares Price Outstanding, beginning 142,334 $ 5.67 179,513 $ 4.89 Granted 46,726 13.99 37,865 9.64 Vested (66,164 ) 5.39 (73,728 ) 5.75 Forfeited — — (1,316 ) 9.35 Outstanding, ending 122,896 $ 8.98 142,334 $ 5.67 |
Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block] | October 2018 – December 2018 $ 190 2019 259 2020 185 2021 67 |
Note 11 - Earnings Per Share (T
Note 11 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Nine Months Ended September 30 , September 30 , 201 8 201 7 201 8 201 7 (in thousands, except share and per share data) Net income $ 2,437 $ 1,794 $ 6,354 $ 5,183 Less: Earnings allocated to unvested shares 40 45 105 133 Net income available to common shareholders, basic and diluted $ 2,397 $ 1,749 $ 6,249 $ 5,050 Basic Weighted average common shares including unvested common shares outstanding 7,455,316 6,259,864 7,059,472 6,245,418 Less: Weighted average unvested common shares 122,097 157,412 117,060 160,825 Weighted average common shares outstanding 7,333,219 6,102,452 6,942,412 6,084,593 Basic income per common share $ 0.33 $ 0.29 $ 0.90 $ 0.83 Diluted Add: Dilutive effects of assumed exercises of common stock warrants — — — — Weighted average common shares and potential common shares 7,333,219 6,102,452 6,942,412 6,084,593 Diluted income per common share $ 0.33 $ 0.29 $ 0.90 $ 0.83 |
Note 12 - Regulatory Capital _2
Note 12 - Regulatory Capital Matters (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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, 201 8 : Total risk-based capital (to risk-weighted assets) Consolidated $ 100,936 12.07 % $ 66,910 8.00 % N/A N/A Bank 105,243 12.60 66,836 8.00 $ 83,545 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 90,555 10.83 50,183 6.00 N/A N/A Bank 96,609 11.56 50,127 6.00 66,836 8.00 Total common equity Tier 1 risk-based capital (to risk-weighted assets) Consolidated 77,013 9.21 37,637 4.50 N/A N/A Bank 96,609 11.56 37,595 4.50 54,304 6.50 Tier 1 capital (to average assets) Consolidated 90,555 8.91 40,638 4.00 N/A N/A Bank 96,609 9.51 40,622 4.00 50,778 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, 2017: Total risk-based capital (to risk- weighted assets) Consolidated $ 83,072 10.55 % $ 63,014 8.00 % N/A N/A Bank 91,305 11.61 62,938 8.00 $ 78,672 10.00 % Tier 1 capital (to risk-weighted assets) Consolidated 66,487 8.44 47,260 6.00 N/A N/A Bank 81,393 10.35 47,203 6.00 62,938 8.00 Total common equity Tier 1 risk- based capital (to risk-weighted assets) Consolidated 54,535 6.92 35,445 4.50 N/A N/A Bank 81,393 10.35 35,403 4.50 51,137 6.50 Tier 1 capital (to average assets) Consolidated 66,487 7.11 37,392 4.00 N/A N/A Bank 81,393 8.70 37,421 4.00 46,777 5.00 |
Note 13 - Off Balance Sheet R_2
Note 13 - Off Balance Sheet Risks, Commitments, and Contingent Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | September 30, 2018 December 31, 2017 Fixed Rate Variable Rate Fixed Rate Variable Rate (in thousands) Commitments to make loans $ 6,609 $ 11,436 $ 27,349 $ 31,412 Unused lines of credit 5,505 63,887 11,034 57,727 Standby letters of credit 542 1,749 2,216 373 |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% |
Reclassification of Tax Effects From AOCI | |
AOCI Attributable to Parent [Member] | |
Reclassification of Tax Effects From AOCI | (113,000) |
AOCI Attributable to Parent [Member] | Accounting Standards Update 2018-02 [Member] | |
Reclassification of Tax Effects From AOCI | (113,000) |
Retained Earnings [Member] | |
Reclassification of Tax Effects From AOCI | 113,000 |
Retained Earnings [Member] | Accounting Standards Update 2018-02 [Member] | |
Reclassification of Tax Effects From AOCI | $ 113,000 |
Note 2 - Securities (Details Te
Note 2 - Securities (Details Textual) xbrli-pure in Thousands, $ in Thousands | 9 Months Ended | |
Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Security Owned and Pledged as Collateral, Fair Value, Total | $ 55,700 | $ 76,800 |
Debt Securities, Available-for-sale, Total | $ 184,870 | $ 152,720 |
Concentration Risk Number | 0 | 0 |
Other than Temporary Impairment Losses, Investments, Total | $ 0 | |
Kentucky Municipalities [Member] | ||
Debt Securities, Available-for-sale, Total | $ 15,200 | $ 15,400 |
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, 2018 | Dec. 31, 2017 |
Available for sale securities, amortized cost | $ 188,908 | $ 153,524 |
Available for sale securities, gross unrealized gains | 309 | 887 |
Available for sale securities, gross unrealized losses | (4,347) | (1,691) |
Securities available for sale | 184,870 | 152,720 |
US Treasury and Government [Member] | ||
Available for sale securities, amortized cost | 23,762 | 22,105 |
Available for sale securities, gross unrealized gains | 2 | |
Available for sale securities, gross unrealized losses | (1,112) | (483) |
Securities available for sale | 22,650 | 21,624 |
Residential Mortgage Backed Securities [Member] | ||
Available for sale securities, amortized cost | 88,526 | 65,935 |
Available for sale securities, gross unrealized gains | 79 | 117 |
Available for sale securities, gross unrealized losses | (2,793) | (1,087) |
Securities available for sale | 85,812 | 64,965 |
Collateralized Debt Obligations [Member] | ||
Available for sale securities, amortized cost | 34,908 | 25,343 |
Available for sale securities, gross unrealized gains | 4 | 182 |
Available for sale securities, gross unrealized losses | (36) | (20) |
Securities available for sale | 34,876 | 25,505 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 32,835 | 33,303 |
Available for sale securities, gross unrealized gains | 194 | 508 |
Available for sale securities, gross unrealized losses | (381) | (101) |
Securities available for sale | 32,648 | 33,710 |
Corporate Debt Securities [Member] | ||
Available for sale securities, amortized cost | 8,877 | 6,838 |
Available for sale securities, gross unrealized gains | 32 | 78 |
Available for sale securities, gross unrealized losses | (25) | |
Securities available for sale | $ 8,884 | $ 6,916 |
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, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Proceeds | $ 2,000 | $ 6,054 | $ 2,047 | |
Gross gains | ||||
Gross losses | $ 6 | $ 5 |
Note 2 - Securities - Amortiz_2
Note 2 - Securities - Amortized Cost and Fair Value of Debt Investment Securities Portfolio by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Available for sale | ||
Within one year, amortized cost | $ 25,700 | |
Within one year, fair value | 25,720 | |
One to five years, amortized cost | 55,798 | |
One to five years, fair value | 54,962 | |
Five to ten years, amortized cost | 15,877 | |
Five to ten years, fair value | 15,370 | |
Beyond ten years, amortized cost | 3,007 | |
Beyond ten years, fair value | 3,006 | |
Agency mortgage-backed: residential, amortized cost | 88,526 | |
Agency mortgage-backed: residential, fair value | 85,812 | |
Total, amortized cost | 188,908 | $ 153,524 |
Total, fair value | $ 184,870 | $ 152,720 |
Note 2 - Securities - Securitie
Note 2 - Securities - Securities With Unrealized Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Available for sale, fair value, less than 12 months | $ 104,107 | $ 40,422 |
Available for sale, unrealized loss, less than 12 months | (1,820) | (390) |
Available for sale, fair value, 12 months or more | 43,061 | 41,279 |
Available for sale, unrealized loss, 12 months or more | (2,527) | (1,301) |
Available for sale, fair value | 147,168 | 81,701 |
Available for sale, unrealized loss | (4,347) | (1,691) |
US Treasury and Government [Member] | ||
Available for sale, fair value, less than 12 months | 7,191 | 5,788 |
Available for sale, unrealized loss, less than 12 months | (206) | (97) |
Available for sale, fair value, 12 months or more | 15,459 | 14,121 |
Available for sale, unrealized loss, 12 months or more | (906) | (386) |
Available for sale, fair value | 22,650 | 19,909 |
Available for sale, unrealized loss | (1,112) | (483) |
Residential Mortgage Backed Securities [Member] | ||
Available for sale, fair value, less than 12 months | 50,542 | 21,104 |
Available for sale, unrealized loss, less than 12 months | (1,172) | (172) |
Available for sale, fair value, 12 months or more | 27,602 | 27,158 |
Available for sale, unrealized loss, 12 months or more | (1,621) | (915) |
Available for sale, fair value | 78,144 | 48,262 |
Available for sale, unrealized loss | (2,793) | (1,087) |
Collateralized Debt Obligations [Member] | ||
Available for sale, fair value, less than 12 months | 25,808 | 6,038 |
Available for sale, unrealized loss, less than 12 months | (36) | (20) |
Available for sale, fair value, 12 months or more | ||
Available for sale, unrealized loss, 12 months or more | ||
Available for sale, fair value | 25,808 | 6,038 |
Available for sale, unrealized loss | (36) | (20) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale, fair value, less than 12 months | 18,591 | 7,492 |
Available for sale, unrealized loss, less than 12 months | (381) | (101) |
Available for sale, fair value, 12 months or more | ||
Available for sale, unrealized loss, 12 months or more | ||
Available for sale, fair value | 18,591 | 7,492 |
Available for sale, unrealized loss | (381) | $ (101) |
Corporate Debt Securities [Member] | ||
Available for sale, fair value, less than 12 months | 1,975 | |
Available for sale, unrealized loss, less than 12 months | (25) | |
Available for sale, fair value, 12 months or more | ||
Available for sale, unrealized loss, 12 months or more | ||
Available for sale, fair value | 1,975 | |
Available for sale, unrealized loss | $ (25) |
Note 3 - Loans (Details Textual
Note 3 - Loans (Details Textual) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Impaired Financing Receivable, Interest Income, Cash Basis Method, Total | $ 93,000 | $ 24,000 | $ 410,000 | $ 309,000 | ||
Financing Receivable Modifications Percentage of Performing TDRs to Total TDRs | 57.00% | 57.00% | 40.00% | |||
Troubled Debt Restructuring Reserve | $ 162,000 | $ 162,000 | $ 122,000 | |||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | $ 0 | |||
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 |
Note 3 - Loans - Loans (Details
Note 3 - Loans - Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Gross loans | $ 757,051 | $ 712,115 |
Less: Allowance for loan losses | (8,634) | (8,202) |
Loans, net | 748,417 | 703,913 |
Commercial Portfolio Segment [Member] | ||
Gross loans | 125,699 | 113,771 |
Less: Allowance for loan losses | (1,158) | (892) |
Commercial Real Estate Portfolio Segment [Member] | ||
Gross loans | 330,631 | 302,386 |
Less: Allowance for loan losses | (4,481) | (4,032) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Gross loans | 83,368 | 57,342 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Gross loans | 83,917 | 88,320 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Gross loans | 163,346 | 156,724 |
Residential Portfolio Segment [Member] | ||
Gross loans | 219,818 | 235,810 |
Less: Allowance for loan losses | (2,538) | (2,900) |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Gross loans | 46,144 | 56,588 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Gross loans | 173,674 | 179,222 |
Consumer Portfolio Segment [Member] | ||
Gross loans | 40,242 | 18,439 |
Less: Allowance for loan losses | (81) | (64) |
Agriculture Portfolio Segment [Member] | ||
Gross loans | 40,144 | 41,154 |
Less: Allowance for loan losses | (374) | (313) |
Other Portfolio Segment [Member] | ||
Gross loans | 517 | 555 |
Less: Allowance for loan losses | $ (2) | $ (1) |
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, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Balance | $ 8,580 | $ 8,885 | $ 8,202 | $ 8,967 |
Provision (negative provision) for loan losses | (350) | (500) | ||
Loans charged off | (143) | (67) | (483) | (700) |
Recoveries | 547 | 159 | 1,415 | 710 |
Balance | 8,634 | 8,977 | 8,634 | 8,977 |
Commercial Portfolio Segment [Member] | ||||
Balance | 1,133 | 956 | 892 | 475 |
Provision (negative provision) for loan losses | 65 | (41) | 61 | 399 |
Loans charged off | (50) | (5) | (50) | (5) |
Recoveries | 10 | 3 | 255 | 44 |
Balance | 1,158 | 913 | 1,158 | 913 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Balance | 4,234 | 4,223 | 4,032 | 4,894 |
Provision (negative provision) for loan losses | (48) | 206 | (68) | (791) |
Loans charged off | (198) | (58) | ||
Recoveries | 295 | 9 | 715 | 393 |
Balance | 4,481 | 4,438 | 4,481 | 4,438 |
Residential Portfolio Segment [Member] | ||||
Balance | 2,778 | 3,317 | 2,900 | 3,426 |
Provision (negative provision) for loan losses | (393) | (147) | (557) | 134 |
Loans charged off | (78) | (57) | (166) | (512) |
Recoveries | 231 | 103 | 361 | 168 |
Balance | 2,538 | 3,216 | 2,538 | 3,216 |
Consumer Portfolio Segment [Member] | ||||
Balance | 66 | 53 | 64 | 8 |
Provision (negative provision) for loan losses | 21 | (31) | 7 | (5) |
Loans charged off | (15) | (5) | (49) | (30) |
Recoveries | 9 | 25 | 59 | 69 |
Balance | 81 | 42 | 81 | 42 |
Agriculture Portfolio Segment [Member] | ||||
Balance | 367 | 335 | 313 | 162 |
Provision (negative provision) for loan losses | 5 | 15 | 60 | 274 |
Loans charged off | (12) | (95) | ||
Recoveries | 2 | 16 | 13 | 25 |
Balance | 374 | 366 | 374 | 366 |
Other Portfolio Segment [Member] | ||||
Balance | 2 | 1 | 1 | 2 |
Provision (negative provision) for loan losses | (2) | (3) | (11) | |
Loans charged off | 0 | (8) | ||
Recoveries | 3 | 12 | 11 | |
Balance | $ 2 | $ 2 | $ 2 | $ 2 |
Note 3 - Loans - Balance in All
Note 3 - Loans - Balance in Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Bases on Impairment Method (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Individually evaluated for impairment | $ 236 | $ 219 |
Collectively evaluated for impairment | 8,398 | 7,983 |
Total ending allowance balance | 8,634 | 8,202 |
Loans individually evaluated for impairment | 3,804 | 7,173 |
Loans collectively evaluated for impairment | 753,247 | 704,942 |
Total ending loans balance | 757,051 | 712,115 |
Commercial Portfolio Segment [Member] | ||
Individually evaluated for impairment | 13 | |
Collectively evaluated for impairment | 1,158 | 879 |
Total ending allowance balance | 1,158 | 892 |
Loans individually evaluated for impairment | 56 | 587 |
Loans collectively evaluated for impairment | 125,643 | 113,184 |
Total ending loans balance | 125,699 | 113,771 |
Commercial Real Estate Portfolio Segment [Member] | ||
Individually evaluated for impairment | 46 | 0 |
Collectively evaluated for impairment | 4,435 | 4,032 |
Total ending allowance balance | 4,481 | 4,032 |
Loans individually evaluated for impairment | 1,377 | 2,635 |
Loans collectively evaluated for impairment | 329,254 | 299,751 |
Total ending loans balance | 330,631 | 302,386 |
Residential Portfolio Segment [Member] | ||
Individually evaluated for impairment | 190 | 206 |
Collectively evaluated for impairment | 2,348 | 2,694 |
Total ending allowance balance | 2,538 | 2,900 |
Loans individually evaluated for impairment | 2,371 | 3,950 |
Loans collectively evaluated for impairment | 217,447 | 231,860 |
Total ending loans balance | 219,818 | 235,810 |
Consumer Portfolio Segment [Member] | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 81 | 64 |
Total ending allowance balance | 81 | 64 |
Loans individually evaluated for impairment | 1 | |
Loans collectively evaluated for impairment | 40,242 | 18,438 |
Total ending loans balance | 40,242 | 18,439 |
Agriculture Portfolio Segment [Member] | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 374 | 313 |
Total ending allowance balance | 374 | 313 |
Loans individually evaluated for impairment | 0 | 0 |
Loans collectively evaluated for impairment | 40,144 | 41,154 |
Total ending loans balance | 40,144 | 41,154 |
Other Portfolio Segment [Member] | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 2 | 1 |
Total ending allowance balance | 2 | 1 |
Loans individually evaluated for impairment | 0 | 0 |
Loans collectively evaluated for impairment | 517 | 555 |
Total ending loans balance | $ 517 | $ 555 |
Note 3 - Loans - Loans Individu
Note 3 - Loans - Loans Individually Evaluated for Impairment by Class of Loans (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Unpaid principal balance, with no related allowance recorded | $ 6,358,000 | $ 6,358,000 | $ 9,739,000 | ||
Recorded investment, with no related allowance recorded | 2,882,000 | 2,882,000 | 5,910,000 | ||
Average recorded investment, with no related allowance recorded | 2,857,000 | $ 6,085,000 | 3,958,000 | $ 8,015,000 | |
Interest income recognized, with no related allowance recorded | 154,000 | 26,000 | 479,000 | 315,000 | |
Unpaid principal balance, with an allowance recorded | 922,000 | 922,000 | 1,263,000 | ||
Recorded investment, with an allowance recorded | 922,000 | 1,700,000 | 922,000 | 1,700,000 | 1,263,000 |
Allowance for loan losses allocated, with an allowance recorded | 236,000 | 236,000 | 219,000 | ||
Average recorded investment, with an allowance recorded | 1,323,000 | 1,806,000 | 1,369,000 | 2,187,000 | |
Interest income recognized, with an allowance recorded | 23,000 | 36,000 | 70,000 | ||
Unpaid principal balance, total | 7,280,000 | 7,280,000 | 11,002,000 | ||
Recorded investment, total | 3,804,000 | 3,804,000 | 7,173,000 | ||
Average recorded investment, total | 4,180,000 | 7,891,000 | 5,327,000 | 10,202,000 | |
Interest income recognized, total | 154,000 | 49,000 | 515,000 | 385,000 | |
Commercial Portfolio Segment [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 122,000 | 122,000 | 703,000 | ||
Recorded investment, with no related allowance recorded | 56,000 | 56,000 | 487,000 | ||
Average recorded investment, with no related allowance recorded | 33,000 | 499,000 | 143,000 | 497,000 | |
Interest income recognized, with no related allowance recorded | 1,000 | ||||
Unpaid principal balance, with an allowance recorded | 100,000 | ||||
Recorded investment, with an allowance recorded | 100,000 | ||||
Allowance for loan losses allocated, with an allowance recorded | 13,000 | ||||
Average recorded investment, with an allowance recorded | 50,000 | 100,000 | 75,000 | 100,000 | |
Interest income recognized, with an allowance recorded | 1,000 | 4,000 | 5,000 | ||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||
Unpaid principal balance, with no related allowance recorded | |||||
Recorded investment, with no related allowance recorded | |||||
Average recorded investment, with no related allowance recorded | |||||
Interest income recognized, with no related allowance recorded | |||||
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 | |||
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 2,753,000 | 2,753,000 | 3,687,000 | ||
Recorded investment, with no related allowance recorded | 952,000 | 952,000 | 2,059,000 | ||
Average recorded investment, with no related allowance recorded | 974,000 | 2,336,000 | 1,423,000 | 2,800,000 | |
Interest income recognized, with no related allowance recorded | 27,000 | 308,000 | 209,000 | ||
Unpaid principal balance, with an allowance recorded | 170,000 | 170,000 | |||
Recorded investment, with an allowance recorded | 170,000 | 170,000 | |||
Allowance for loan losses allocated, with an allowance recorded | 46,000 | 46,000 | |||
Average recorded investment, with an allowance recorded | 171,000 | 86,000 | 294,000 | ||
Interest income recognized, with an allowance recorded | 0 | 0 | |||
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 714,000 | 714,000 | 1,047,000 | ||
Recorded investment, with no related allowance recorded | 255,000 | 255,000 | 576,000 | ||
Average recorded investment, with no related allowance recorded | 259,000 | 311,000 | 343,000 | 752,000 | |
Interest income recognized, with no related allowance recorded | 11,000 | 1,000 | 19,000 | 53,000 | |
Unpaid principal balance, with an allowance recorded | |||||
Recorded investment, with an allowance recorded | |||||
Allowance for loan losses allocated, with an allowance recorded | |||||
Average recorded investment, with an allowance recorded | 294,000 | 298,000 | |||
Interest income recognized, with an allowance recorded | 5,000 | 14,000 | |||
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | |||||
Unpaid principal balance, with no related allowance recorded | |||||
Recorded investment, with no related allowance recorded | |||||
Average recorded investment, with no related allowance recorded | 1,025,000 | ||||
Interest income recognized, with no related allowance recorded | |||||
Unpaid principal balance, with an allowance recorded | |||||
Recorded investment, with an allowance recorded | |||||
Allowance for loan losses allocated, with an allowance recorded | |||||
Average recorded investment, with an allowance recorded | |||||
Interest income recognized, with an allowance recorded | |||||
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 2,761,000 | 2,761,000 | 4,293,000 | ||
Recorded investment, with no related allowance recorded | 1,619,000 | 1,619,000 | 2,787,000 | ||
Average recorded investment, with no related allowance recorded | 1,591,000 | 2,879,000 | 2,048,000 | 2,909,000 | |
Interest income recognized, with no related allowance recorded | 116,000 | 22,000 | 151,000 | 50,000 | |
Unpaid principal balance, with an allowance recorded | 752,000 | 752,000 | 1,163,000 | ||
Recorded investment, with an allowance recorded | 752,000 | 752,000 | 1,163,000 | ||
Allowance for loan losses allocated, with an allowance recorded | 190,000 | 190,000 | 206,000 | ||
Average recorded investment, with an allowance recorded | 1,102,000 | 1,412,000 | 1,208,000 | 1,465,000 | |
Interest income recognized, with an allowance recorded | 17,000 | 32,000 | 51,000 | ||
Consumer Portfolio Segment [Member] | |||||
Unpaid principal balance, with no related allowance recorded | 8,000 | 8,000 | 9,000 | ||
Recorded investment, with no related allowance recorded | 1,000 | ||||
Average recorded investment, with no related allowance recorded | 1,000 | 2,000 | |||
Interest income recognized, with no related allowance recorded | 2,000 | 2,000 | |||
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 | |||
Interest income recognized, with an allowance recorded | 0 | 0 | |||
Agriculture Portfolio Segment [Member] | |||||
Unpaid principal balance, with no related allowance recorded | |||||
Recorded investment, with no related allowance recorded | |||||
Average recorded investment, with no related allowance recorded | 60,000 | 30,000 | |||
Interest income recognized, with no related allowance recorded | 0 | 1,000 | 1,000 | ||
Unpaid principal balance, with an allowance recorded | |||||
Recorded investment, with an allowance recorded | |||||
Allowance for loan losses allocated, with an allowance recorded | |||||
Average recorded investment, with an allowance recorded | 30,000 | ||||
Interest income recognized, with an allowance recorded | 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 | |||||
Interest income recognized, with no related allowance recorded | |||||
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 |
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, 2018 | Dec. 31, 2017 |
Troubled debt restructuring | $ 1,610 | $ 3,046 |
Performing Financial Instruments [Member] | ||
Troubled debt restructuring | 910 | 1,217 |
Nonperforming Financial Instruments [Member] | ||
Troubled debt restructuring | 700 | 1,829 |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||
Troubled debt restructuring | 33 | |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 186 | |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructuring | 0 | |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 186 | |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructuring | 33 | |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 0 | |
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | ||
Troubled debt restructuring | 434 | |
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | Farmland Loans [Member] | ||
Troubled debt restructuring | 700 | |
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructuring | 0 | |
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | Performing Financial Instruments [Member] | Farmland Loans [Member] | ||
Troubled debt restructuring | 0 | |
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructuring | 434 | |
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | Nonperforming Financial Instruments [Member] | Farmland Loans [Member] | ||
Troubled debt restructuring | 700 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 483 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 483 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Farmland Loans [Member] | ||
Troubled debt restructuring | 1,362 | |
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Performing Financial Instruments [Member] | Farmland Loans [Member] | ||
Troubled debt restructuring | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | Nonperforming Financial Instruments [Member] | Farmland Loans [Member] | ||
Troubled debt restructuring | 1,362 | |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 724 | 734 |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 724 | 734 |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | $ 0 | $ 0 |
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, 2018 | Dec. 31, 2017 |
Nonaccrual | $ 2,692 | $ 5,457 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 1 |
Commercial Portfolio Segment [Member] | ||
Nonaccrual | 56 | 487 |
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 | 1,122 | 2,059 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Nonaccrual | 69 | 93 |
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 | 1,445 | 2,817 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Nonaccrual | 1 | |
Loans Past Due 90 Days and Over Still Accruing | 0 | |
Agriculture Portfolio Segment [Member] | ||
Nonaccrual | 0 | 0 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 1 |
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, 2018 | Dec. 31, 2017 |
Nonaccrual | $ 2,692 | $ 5,457 |
Total past due and nonaccrual | 5,113 | 7,107 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 1,492 | 1,478 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 929 | 171 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 0 | 1 |
Commercial Portfolio Segment [Member] | ||
Nonaccrual | 56 | 487 |
Total past due and nonaccrual | 56 | 487 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 0 | 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 | 1,122 | 2,059 |
Total past due and nonaccrual | 1,863 | 2,652 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Nonaccrual | 69 | 93 |
Total past due and nonaccrual | 197 | 93 |
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 | 369 | 593 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Nonfarm Nonresidential [Member] | ||
Past due | 128 | 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 | 372 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Nonfarm Nonresidential [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Farmland Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonfarm Nonresidential [Member] | ||
Past due | 0 | 0 |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Nonaccrual | 0 | 0 |
Total past due and nonaccrual | 0 | 0 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Nonaccrual | 1,445 | 2,817 |
Total past due and nonaccrual | 2,400 | 3,793 |
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 | 808 | 850 |
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 | 147 | 126 |
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Multifamily Loans [Member] | ||
Past due | 0 | 0 |
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | One- to Four-family Residential Properties [Member] | ||
Past due | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Nonaccrual | 1 | |
Total past due and nonaccrual | 51 | 76 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 43 | 30 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 8 | 45 |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 0 | |
Agriculture Portfolio Segment [Member] | ||
Nonaccrual | 0 | 0 |
Total past due and nonaccrual | 546 | 6 |
Agriculture Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due | 144 | 5 |
Agriculture Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due | 402 | 0 |
Agriculture Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due | 0 | 1 |
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, 2018 | Dec. 31, 2017 |
Gross loans | $ 757,051 | $ 712,115 |
Pass [Member] | ||
Gross loans | 736,193 | 673,033 |
Watch [Member] | ||
Gross loans | 12,314 | 25,715 |
Special Mention [Member] | ||
Gross loans | 114 | 164 |
Substandard [Member] | ||
Gross loans | 8,430 | 13,203 |
Doubtful [Member] | ||
Gross loans | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Gross loans | 125,699 | 113,771 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Gross loans | 125,392 | 112,978 |
Commercial Portfolio Segment [Member] | Watch [Member] | ||
Gross loans | 180 | 84 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Gross loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Gross loans | 127 | 709 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Gross loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Gross loans | 330,631 | 302,386 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Gross loans | 83,368 | 57,342 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Gross loans | 83,917 | 88,320 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Gross loans | 163,346 | 156,724 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Gross loans | 83,368 | 57,342 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Farmland Loans [Member] | ||
Gross loans | 77,827 | 76,563 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Nonfarm Nonresidential [Member] | ||
Gross loans | 160,671 | 152,004 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Construction Loans [Member] | ||
Gross loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Farmland Loans [Member] | ||
Gross loans | 2,796 | 7,607 |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Nonfarm Nonresidential [Member] | ||
Gross loans | 2,017 | 2,906 |
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 | 0 | 0 |
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 | 3,294 | 4,150 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Nonfarm Nonresidential [Member] | ||
Gross loans | 658 | 1,814 |
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 | 219,818 | 235,810 |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Gross loans | 46,144 | 56,588 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Gross loans | 173,674 | 179,222 |
Residential Portfolio Segment [Member] | Pass [Member] | Multifamily Loans [Member] | ||
Gross loans | 40,992 | 47,121 |
Residential Portfolio Segment [Member] | Pass [Member] | One- to Four-family Residential Properties [Member] | ||
Gross loans | 167,620 | 169,774 |
Residential Portfolio Segment [Member] | Watch [Member] | Multifamily Loans [Member] | ||
Gross loans | 5,152 | 9,467 |
Residential Portfolio Segment [Member] | Watch [Member] | One- to Four-family Residential Properties [Member] | ||
Gross loans | 1,965 | 3,535 |
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 | 114 | 164 |
Residential Portfolio Segment [Member] | Substandard [Member] | Multifamily Loans [Member] | ||
Gross loans | 0 | 0 |
Residential Portfolio Segment [Member] | Substandard [Member] | One- to Four-family Residential Properties [Member] | ||
Gross loans | 3,975 | 5,749 |
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 | 40,242 | 18,439 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Gross loans | 39,890 | 18,042 |
Consumer Portfolio Segment [Member] | Watch [Member] | ||
Gross loans | 23 | 306 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Gross loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Gross loans | 329 | 91 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Gross loans | 0 | 0 |
Agriculture Portfolio Segment [Member] | ||
Gross loans | 40,144 | 41,154 |
Agriculture Portfolio Segment [Member] | Pass [Member] | ||
Gross loans | 39,916 | 38,654 |
Agriculture Portfolio Segment [Member] | Watch [Member] | ||
Gross loans | 181 | 1,810 |
Agriculture Portfolio Segment [Member] | Special Mention [Member] | ||
Gross loans | 0 | 0 |
Agriculture Portfolio Segment [Member] | Substandard [Member] | ||
Gross loans | 47 | 690 |
Agriculture Portfolio Segment [Member] | Doubtful [Member] | ||
Gross loans | 0 | 0 |
Other Portfolio Segment [Member] | ||
Gross loans | 517 | 555 |
Other Portfolio Segment [Member] | Pass [Member] | ||
Gross loans | 517 | 555 |
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 Ow_3
Note 4 - Other Real Estate Owned (Details Textual) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
One- to Four-family Residential Properties [Member] | ||
Mortgage Loans in Process of Foreclosure, Amount | $ 813,000 | $ 616,000 |
Note 4 - Other Real Estate Ow_4
Note 4 - Other Real Estate Owned - Major Categories of OREO (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Other real estate owned, gross | $ 3,750 | $ 4,409 |
Commercial Real Estate Portfolio Segment [Member] | Construction, Land Development, and Other Land Loans [Member] | ||
Other real estate owned, gross | 3,750 | 4,335 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Other real estate owned, gross | $ 74 |
Note 4 - Other Real Estate Ow_5
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, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
OREO Activity | ||||
OREO | $ 4,409 | $ 6,821 | ||
Real estate acquired | 730 | 270 | ||
Valuation adjustment write-downs | $ (260) | $ (98) | (585) | (98) |
Net gain on sales | 22 | 10 | 72 | 75 |
Proceeds from sales of properties | (876) | (738) | ||
OREO | $ 3,750 | $ 6,330 | $ 3,750 | $ 6,330 |
Note 4 - Other Real Estate Ow_6
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, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net gain on sales of other real estate owned | $ (22) | $ (10) | $ (72) | $ (75) |
Valuation adjustment write-downs | 260 | 98 | 585 | 98 |
Operating expense | 33 | 23 | 77 | 69 |
Total | $ 271 | $ 111 | $ 590 | $ 92 |
Note 5 - Deposits (Details Text
Note 5 - Deposits (Details Textual) - USD ($) $ in Millions | Sep. 30, 2018 | Dec. 31, 2017 |
Time Deposits, at or Above FDIC Insurance Limit | $ 29.2 | $ 31.7 |
Note 5 - Deposits - Deposit Bal
Note 5 - Deposits - Deposit Balances by Category (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Non-interest bearing | $ 135,561 | $ 137,386 |
Interest checking | 87,407 | 99,383 |
Money market | 159,499 | 151,388 |
Savings | 34,320 | 34,632 |
Certificates of deposit | 457,239 | 424,235 |
Total | $ 874,026 | $ 847,024 |
Note 5 - Deposits - Maturities
Note 5 - Deposits - Maturities of Time Deposits (Details) $ in Thousands | Sep. 30, 2018USD ($) |
Year 1 | $ 233,009 |
Year 2 | 200,558 |
Year 3 | 6,832 |
Year 4 | 6,714 |
Year 5 | 10,126 |
$ 457,239 |
Note 6 - Advances From the Fe_3
Note 6 - Advances From the Federal Home Loan Bank (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Federal Home Loan Bank, Advances, Weighted Average Interest Rate | 2.24% | 1.48% | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Repayment and Penalties | $ 0 | $ 0 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | 127,400 | $ 130,900 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | $ 41,100 |
Note 6 - Advances From the Fe_4
Note 6 - Advances From the Federal Home Loan Bank - Advances From the Federal Home Loan Bank (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Short term advances (fixed rates 2.18% to 2.29%) maturing October 2018 | $ 50,000 | $ 10,000 |
Long term advances (fixed rates 0.00% to 5.24%) maturing April 2020 to August 2033 | 1,591 | 1,797 |
$ 51,591 | $ 11,797 |
Note 6 - Advances From the Fe_5
Note 6 - Advances From the Federal Home Loan Bank - Advances From the Federal Home Loan Bank (Details) (Parentheticals) | Sep. 30, 2018 | Dec. 31, 2017 |
Minimum [Member] | ||
Short-term advances from the FHLB, fixed rate | 2.18% | 2.18% |
Long term advances from the FHLB, fixed rate | 0.00% | 0.00% |
Maximum [Member] | ||
Short-term advances from the FHLB, fixed rate | 2.29% | 2.29% |
Long term advances from the FHLB, fixed rate | 5.24% | 5.24% |
Note 6 - Advances From Federal
Note 6 - Advances From Federal Home Loan Bank - Principal Payments on Advances From Federal Home Loan Bank (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Year 1 | $ 50,174 | |
Year 2 | 476 | |
Year 3 | 728 | |
Year 4 | 100 | |
Year 5 | 77 | |
Thereafter | 36 | |
$ 51,591 | $ 11,797 |
Note 7 - Senior Debt (Details T
Note 7 - Senior Debt (Details Textual) - USD ($) | 6 Months Ended | 9 Months Ended | 48 Months Ended |
Jun. 30, 2018 | Sep. 30, 2018 | Jun. 30, 2022 | |
Escrow Deposit | $ 514,000 | ||
Senior Notes [Member] | |||
Debt Instrument, Face Amount | 10,000,000 | ||
Debt Instrument, Periodic Payment, Principal | $ 250,000 | ||
Debt Instrument, Financial Convenants, Minimum Cash on Hand | $ 750,000 | ||
Debt Instrument, Financial Convenants, Minimum Risk Based Capital to Risk Weighted Assets | 9.00% | ||
Senior Notes [Member] | Subsidiaries [Member] | |||
Debt Instrument, Financial Convenants, Minimum Risk Based Capital to Risk Weighted Assets | 10.00% | ||
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 | $ 2,500,000 | ||
Debt Instrument, Financial Convenants, Minimum Risk Based Capital to Risk Weighted Assets | 10.00% | ||
Senior Notes [Member] | Scenario, Forecast [Member] | Subsidiaries [Member] | |||
Debt Instrument, Financial Convenants, Minimum Risk Based Capital to Risk Weighted Assets | 11.00% | ||
Senior Notes [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||
Debt Instrument, Basis Spread on Variable Rate | 2.50% |
Note 8 - Fair Values Measurem_3
Note 8 - Fair Values Measurement (Details Textual) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $ 922,000 | $ 1,700,000 | $ 922,000 | $ 1,700,000 | $ 1,263,000 |
Impaired Financing Receivable, Related Allowance | 236,000 | 236,000 | 219,000 | ||
Other Repossessed Assets | 3,800,000 | 6,300,000 | 3,800,000 | 6,300,000 | 4,400,000 |
Real Estate Owned, Valuation Allowance, Amounts Applied | 260,000 | 98,000 | 585,000 | 98,000 | |
Measured for Impairment Using Fair Value of Collateral [Member] | |||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,300,000 | ||||
Impaired Loans [Member] | |||||
Impaired Financing Receivable, Related Allowance | 236,000 | 399,000 | 236,000 | 399,000 | $ 219,000 |
Impaired Financing Receivable Provision for Loan Losses | $ 0 | $ 171,000 | $ 18,000 | $ 29,000 | |
Measurement Input, Discount Rate [Member] | Minimum [Member] | |||||
Impaired Loans, Measurement Input | 0.1 | 0.1 | |||
Measurement Input, Discount Rate [Member] | Maximum [Member] | |||||
Impaired Loans, Measurement Input | 0.33 | 0.33 | |||
Measurement Input, Estimated Discount for Cost to Sell [Member] | Minimum [Member] | |||||
Impaired Loans, Measurement Input | 0.06 | 0.06 | |||
Measurement Input, Estimated Discount for Cost to Sell [Member] | Maximum [Member] | |||||
Impaired Loans, Measurement Input | 0.1 | 0.1 | |||
Routine Real Estate Collateral [Member] | Measurement Input, Discount Rate [Member] | |||||
Impaired Loans, Measurement Input | 0.1 | 0.1 | |||
Thin Trading Market or Specialized Collateral [Member] | Measurement Input, Discount Rate [Member] | |||||
Impaired Loans, Measurement Input | 0.25 | 0.25 |
Note 8 - Fair Values Measurem_4
Note 8 - Fair Values Measurement - Financial Assets Measured at the Fair Value on Recurring and Non-recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Securities available for sale | $ 184,870 | $ 152,720 |
Recorded investment, total | 3,804 | 7,173 |
Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 184,870 | 152,720 |
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 | 184,870 | 152,720 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | ||
US Treasury and Government [Member] | ||
Securities available for sale | 22,650 | 21,624 |
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 22,650 | 21,624 |
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 | 22,650 | 21,624 |
US Treasury and Government [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | ||
Recorded investment, total | 87 | |
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recorded investment, total | 87 | |
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Recorded investment, total | 124 | |
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Farmland Loans [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Farmland Loans [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Farmland Loans [Member] | ||
Recorded investment, total | 124 | |
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | 562 | 957 |
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | 562 | 957 |
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Portfolio Segment [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Agriculture Portfolio Segment [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Agriculture Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Agriculture Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Agriculture Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Portfolio Segment [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recorded investment, total | ||
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recorded investment, total | ||
Residential Mortgage Backed Securities [Member] | ||
Securities available for sale | 85,812 | 64,965 |
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 85,812 | 64,965 |
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 | 85,812 | 64,965 |
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 | 34,876 | 25,505 |
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 34,876 | 25,505 |
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 | 34,876 | 25,505 |
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 | 32,648 | 33,710 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 32,648 | 33,710 |
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 | 32,648 | 33,710 |
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 | 8,884 | 6,916 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 8,884 | 6,916 |
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 | 8,884 | 6,916 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Other real-estate | 3,750 | 4,335 |
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Other real-estate | 74 | |
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Construction Loans [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Farmland Loans [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Construction Loans [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Farmland Loans [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Loans [Member] | ||
Other real-estate | 3,750 | 4,335 |
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Farmland Loans [Member] | ||
Other real-estate | 74 | |
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate |
Note 8 - Fair Values Measurem_5
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) - Fair Value, Measurements, Nonrecurring [Member] $ in Thousands | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Valuation, Cost Approach [Member] | Commercial Real Estate Property [Member | ||
Other real estate owned, fair value | $ 3,750 | $ 4,409 |
Valuation, Cost Approach [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | Commercial Real Estate Property [Member | ||
Other real estate owned, measurement input | 0 | 0 |
Valuation, Cost Approach [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | Commercial Real Estate Property [Member | ||
Other real estate owned, measurement input | 0.35 | 0.35 |
Valuation, Cost Approach [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | Commercial Real Estate Property [Member | ||
Other real estate owned, measurement input | 0.18 | 0.18 |
Valuation, Income Approach [Member] | Measurement Input, Discount Rate or Cap Rate [Member] | Commercial Real Estate Property [Member | ||
Other real estate owned, measurement input | 0.25 | 0.25 |
Valuation, Income Approach [Member] | Weighted Average [Member] | Measurement Input, Discount Rate or Cap Rate [Member] | Commercial Real Estate Property [Member | ||
Other real estate owned, measurement input | 0.25 | 0.25 |
Residential Portfolio Segment [Member] | Valuation, Cost Approach [Member] | ||
Impaired loans, fair value | $ 562 | $ 957 |
Residential Portfolio Segment [Member] | Valuation, Cost Approach [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | ||
Impaired loans, measurement input | 0 | 0 |
Residential Portfolio Segment [Member] | Valuation, Cost Approach [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | ||
Impaired loans, measurement input | 0.26 | 0.26 |
Residential Portfolio Segment [Member] | Valuation, Cost Approach [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | ||
Impaired loans, measurement input | 0.09 | 0.09 |
Note 8 - Fair Values Measurem_6
Note 8 - Fair Values Measurement - Carrying Amount and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Securities available for sale | $ 184,870 | $ 152,720 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 37,531 | 34,103 |
Securities available for sale | 184,870 | 152,720 |
Federal Home Loan Bank stock | 7,233 | 7,323 |
Loans, net | 748,417 | 703,913 |
Accrued interest receivable | 3,707 | 3,136 |
Deposits | 874,026 | 847,024 |
Federal Home Loan Bank advances | 51,591 | 11,797 |
Junior subordinated debentures | 21,000 | 21,000 |
Senior debt | 10,000 | 10,000 |
Accrued interest payable | 597 | 1,475 |
Loans held for sale | 70 | |
Subordinated capital notes | 2,250 | |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 37,531 | 34,103 |
Securities available for sale | 184,870 | 152,720 |
Federal Home Loan Bank stock | ||
Loans, net | 733,877 | 703,263 |
Accrued interest receivable | 3,707 | 3,136 |
Deposits | 873,131 | 830,706 |
Federal Home Loan Bank advances | 51,549 | 11,799 |
Junior subordinated debentures | 16,344 | 19,090 |
Senior debt | 9,908 | 10,000 |
Accrued interest payable | 597 | 1,475 |
Loans held for sale | 70 | |
Subordinated capital notes | 2,246 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 5,770 | 8,137 |
Securities available for sale | ||
Federal Home Loan Bank stock | ||
Loans, net | ||
Accrued interest receivable | ||
Deposits | 135,561 | 137,386 |
Federal Home Loan Bank advances | ||
Junior subordinated debentures | ||
Senior debt | ||
Accrued interest payable | ||
Loans held for sale | ||
Subordinated capital notes | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | 31,761 | 25,966 |
Securities available for sale | 184,870 | 152,720 |
Federal Home Loan Bank stock | ||
Loans, net | ||
Accrued interest receivable | 1,119 | 925 |
Deposits | 737,570 | 693,320 |
Federal Home Loan Bank advances | 51,549 | 11,799 |
Junior subordinated debentures | ||
Senior debt | ||
Accrued interest payable | 544 | 357 |
Loans held for sale | 70 | |
Subordinated capital notes | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | ||
Securities available for sale | ||
Federal Home Loan Bank stock | ||
Loans, net | 733,877 | 703,263 |
Accrued interest receivable | 2,588 | 2,211 |
Deposits | ||
Federal Home Loan Bank advances | ||
Junior subordinated debentures | 16,344 | 19,090 |
Senior debt | 9,908 | 10,000 |
Accrued interest payable | $ 53 | 1,118 |
Loans held for sale | ||
Subordinated capital notes | $ 2,246 |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | Jul. 10, 2015 | |
Operating Loss Carryforwards, Total | $ 114,700,000 | $ 114,700,000 | ||||
Tax Credit Carryforward, Amount | 346,000 | 346,000 | ||||
Unrecognized Tax Benefits, Ending Balance | 0 | 0 | $ 0 | |||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total | $ 0 | $ 0 | $ 0 | $ 0 | ||
Common Stock Ownership Percentage by Individual | 5.00% | |||||
Common Stock Ownership Percentage | 50.00% | |||||
Dividend Declared Preferred Stock Purchase Right Per Each Share of Common Stock | 1 |
Note 9 - Income Taxes - Deferre
Note 9 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Deferred tax assets: | ||
Net operating loss carry-forward | $ 24,079 | $ 25,645 |
Allowance for loan losses | 1,813 | 1,723 |
OREO write-down | 2,555 | 2,432 |
Alternative minimum tax credit carry-forward | 346 | 692 |
Net assets from acquisitions | 307 | 358 |
Net unrealized loss on securities | 848 | 169 |
New market tax credit carry-forward | 208 | 208 |
Nonaccrual loan interest | 234 | 271 |
Accrued expenses | 204 | 172 |
Deferred compensation | 269 | 277 |
Other | 241 | 241 |
31,104 | 32,188 | |
Deferred tax liabilities: | ||
FHLB stock dividends | 557 | 557 |
Fixed assets | 77 | 68 |
Deferred loan costs | 141 | 152 |
Other | 99 | 98 |
874 | 875 | |
Net deferred tax asset | $ 30,230 | $ 31,313 |
Note 10 - Stock Plans and Sto_3
Note 10 - Stock Plans and Stock Based Compensation (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Nonvested Intrinsic Value1 | $ 654,000 | $ 654,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 13.99 | ||||
Share-based Compensation, Total | 171,000 | $ 129,000 | $ 334,000 | $ 271,000 | |
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $ 36,000 | $ 0 | $ 70,000 | $ 0 | |
2018 Omnibus Equity Compensation Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 328,274 | 328,274 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 13.99 | $ 9.64 | |||
Non-Employee Directors Stock Incentive Plan 2006 [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Annual Award to Non Employee Directors, Value | $ 25,000 |
Note 10 - Stock Plans and Sto_4
Note 10 - Stock Plans and Stock Based Compensation - Unvested Share Activity (Details) - $ / shares | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Granted (in dollars per share) | $ 13.99 | |
2018 Omnibus Equity Compensation Plan [Member] | ||
Outstanding, beginning (in shares) | 142,334 | 179,513 |
Outstanding, beginning (in dollars per share) | $ 5.67 | $ 4.89 |
Granted (in shares) | 46,726 | 37,865 |
Granted (in dollars per share) | $ 13.99 | $ 9.64 |
Vested (in shares) | (66,164) | (73,728) |
Vested (in dollars per share) | $ 5.39 | $ 5.75 |
Forfeited (in shares) | (1,316) | |
Forfeited (in dollars per share) | $ 9.35 | |
Outstanding, ending (in shares) | 122,896 | 142,334 |
Outstanding, ending (in dollars per share) | $ 8.98 | $ 5.67 |
Note 10 - Stock Plans and Sto_5
Note 10 - Stock Plans and Stock Based Compensation - Unrecognized Stock Based Compensation Expense Related to Unvested Shares (Details) $ in Thousands | Sep. 30, 2018USD ($) |
October 2018 – December 2018 | $ 190 |
2,019 | 259 |
2,020 | 185 |
2,021 | $ 67 |
Note 11 - Earnings Per Share (D
Note 11 - Earnings Per Share (Details Textual) - $ / shares | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 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, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income | $ 2,437 | $ 1,794 | $ 6,354 | $ 5,183 |
Earnings allocated to unvested shares | 40 | 45 | 105 | 133 |
Net income available to common shareholders, basic and diluted | $ 2,397 | $ 1,749 | $ 6,249 | $ 5,050 |
Basic | ||||
Weighted average common shares including unvested common shares outstanding (in shares) | 7,455,316 | 6,259,864 | 7,059,472 | 6,245,418 |
Weighted average shares outstanding (in shares) | 7,333,219 | 6,102,452 | 6,942,412 | 6,084,593 |
Basic income per common share (in dollars per share) | $ 0.33 | $ 0.29 | $ 0.90 | $ 0.83 |
Diluted | ||||
Add: Dilutive effects of assumed exercises of common stock warrants (in shares) | ||||
Weighted average common shares and potential common shares (in shares) | 7,333,219 | 6,102,452 | 6,942,412 | 6,084,593 |
Diluted income per common share (in dollars per share) | $ 0.33 | $ 0.29 | $ 0.90 | $ 0.83 |
Unvested Shares [Member] | ||||
Basic | ||||
Weighted average shares outstanding (in shares) | 122,097 | 157,412 | 117,060 | 160,825 |
Note 12 - Regulatory Capital _3
Note 12 - Regulatory Capital Matters (Details Textual) - USD ($) $ in Billions | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | Jan. 01, 2019 | |
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 | 1.875% | 1.25% | |
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% |
Note 12 - Regulatory Capital _4
Note 12 - Regulatory Capital Matters - Ratios and Amounts of Common Equity, Capital, and Total Capital to Risk-adjusted Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Total risk-based capital to risk-weighted assets, actual amount | $ 100,936 | $ 83,072 |
Total risk-based capital to risk-weighted assets, actual ratio | 12.07% | 10.55% |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 66,910 | $ 63,014 |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 8.00% | 8.00% |
Tier I capital to risk-weighted assets, actual amount | $ 90,555 | $ 66,487 |
Tier I capital to risk-weighted assets, actual ratio | 10.83% | 8.44% |
Tier I capital to risk-weighted assets, for capital adequacy purposes, amount | $ 50,183 | $ 47,260 |
Tier I capital to risk-weighted assets, for capital adequacy purposes, ratio | 6.00% | 6.00% |
Total common equity Tier I risk-based capital to risk-weighted assets, actual amount | $ 77,013 | $ 54,535 |
Total common equity Tier I risk-based capital to risk-weighted assets, actual ratio | 9.21% | 6.92% |
Total common equity Tier I risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 37,637 | $ 35,445 |
Total common equity Tier I risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 4.50% | 4.50% |
Tier I capital to average assets, actual amount | $ 90,555 | $ 66,487 |
Tier I capital to average assets, actual ratio | 8.91% | 7.11% |
Tier I capital to average assets, for capital adequacy purposes, amount | $ 40,638 | $ 37,392 |
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 | $ 105,243 | $ 91,305 |
Total risk-based capital to risk-weighted assets, actual ratio | 12.60% | 11.61% |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 66,836 | $ 62,938 |
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 | $ 83,545 | $ 78,672 |
Total risk-based capital to risk-weighted assets, for minimum requirements to be well capitalized, ratio | 10.00% | 10.00% |
Tier I capital to risk-weighted assets, actual amount | $ 96,609 | $ 81,393 |
Tier I capital to risk-weighted assets, actual ratio | 11.56% | 10.35% |
Tier I capital to risk-weighted assets, for capital adequacy purposes, amount | $ 50,127 | $ 47,203 |
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 | $ 66,836 | $ 62,938 |
Tier I capital to risk-weighted assets, for minimum requirements to be well capitalized, ratio | 8.00% | 8.00% |
Total common equity Tier I risk-based capital to risk-weighted assets, actual amount | $ 96,609 | $ 81,393 |
Total common equity Tier I risk-based capital to risk-weighted assets, actual ratio | 11.56% | 10.35% |
Total common equity Tier I risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 37,595 | $ 35,403 |
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 | $ 54,304 | $ 51,137 |
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 average assets, actual amount | $ 96,609 | $ 81,393 |
Tier I capital to average assets, actual ratio | 9.51% | 8.70% |
Tier I capital to average assets, for capital adequacy purposes, amount | $ 40,622 | $ 37,421 |
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 | $ 50,778 | $ 46,777 |
Tier I capital to average assets, for minimum requirements to be well capitalized, ratio | 5.00% | 5.00% |
Note 13 - Off Balance Sheet R_3
Note 13 - Off Balance Sheet Risks, Commitments, and Contingent Liabilities (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Commitments Period | 1 year | |
Risk Participation Agreement [Member] | ||
Derivative, Notional Amount | $ 26,600 | $ 19,800 |
Derivative Asset, Total | 26,600 | $ 19,800 |
Standby Letters of Credit [Member] | ||
Long-term Line of Credit, Total | $ 0 |
Note 13 - Off Balance Sheet R_4
Note 13 - Off Balance Sheet Risks, Commitments, and Contingent Liabilities - Contractual Amounts of Financial Instruments With Off Balance Sheet Risk (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Fixed Rate [Member] | Commitments to Make Loans [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | $ 6,609 | $ 27,349 |
Fixed Rate [Member] | Unused lines of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 5,505 | 11,034 |
Fixed Rate [Member] | Standby Letters of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 542 | 2,216 |
Variable Rate [Member] | Commitments to Make Loans [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 11,436 | 31,412 |
Variable Rate [Member] | Unused lines of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 63,887 | 57,727 |
Variable Rate [Member] | Standby Letters of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | $ 1,749 | $ 373 |
Note 14 - Revenue From Contra_2
Note 14 - Revenue From Contracts With Customers (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Other Non-interest Income [Member] | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 301,000 | $ 195,000 | $ 546,000 | $ 531,000 |
Reclassification Adjustment Between Bank Card Interchange Income and Other Non-interest Expense [Member] | Three Months Ended September 30, 2017 [Member] | ||||
Prior Period Reclassification Adjustment | 142,000 | |||
Reclassification Adjustment Between Bank Card Interchange Income and Other Non-interest Expense [Member] | Six Months Ended September 30, 2017 [Member] | ||||
Prior Period Reclassification Adjustment | $ 405,000 |