Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | Apr. 30, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | LIMESTONE BANCORP, INC. | |
Entity Central Index Key | 0001358356 | |
Trading Symbol | lmst | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
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) | 6,240,614 |
Unaudited Consolidated Balance
Unaudited Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Assets | ||
Cash and due from banks | $ 6,461 | $ 6,963 |
Interest bearing deposits in banks | 24,029 | 28,398 |
Cash and cash equivalents | 30,490 | 35,361 |
Securities available for sale | 206,411 | 201,192 |
Loans, net of allowance of $8,686 and $8,880, respectively | 777,899 | 756,364 |
Premises and equipment, net | 14,926 | 14,655 |
Premises held for sale | 1,050 | 1,050 |
Other real estate owned | 3,335 | 3,485 |
Federal Home Loan Bank stock | 6,813 | 7,233 |
Bank owned life insurance | 15,739 | 15,646 |
Deferred taxes, net | 28,568 | 29,282 |
Accrued interest receivable and other assets | 6,092 | 5,424 |
Total assets | 1,091,323 | 1,069,692 |
Deposits | ||
Non-interest bearing | 146,440 | 142,618 |
Interest bearing | 762,402 | 751,613 |
Total deposits | 908,842 | 894,231 |
Federal Home Loan Bank advances | 51,511 | 46,549 |
Accrued interest payable and other liabilities | 3,651 | 5,815 |
Junior subordinated debentures | 21,000 | 21,000 |
Senior debt | 10,000 | 10,000 |
Total liabilities | 995,004 | 977,595 |
Commitments and contingent liabilities (Note 13) | ||
Stockholders’ equity | ||
Common stock, no par, 39,000,000 shares authorized, 6,240,614 and 6,242,720 voting, and 1,220,000 and 1,220,000 non-voting issued and outstanding, respectively | 140,639 | 140,639 |
Additional paid-in capital | 24,093 | 24,287 |
Retained deficit | (63,362) | (66,201) |
Accumulated other comprehensive loss | (5,051) | (6,628) |
Total stockholders' equity | 96,319 | 92,097 |
Total liabilities and stockholders’ equity | $ 1,091,323 | $ 1,069,692 |
Unaudited Consolidated Balanc_2
Unaudited Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Loans, allowance | $ 8,686 | $ 8,880 |
Common stock, no par (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 39,000,000 | 39,000,000 |
Voting Common Stock [Member] | ||
Common stock, shares issued (in shares) | 6,240,614 | 6,242,720 |
Common stock, shares outstanding (in shares) | 6,240,614 | 6,242,720 |
Nonvoting Common Stock [Member] | ||
Common stock, shares issued (in shares) | 1,220,000 | 1,220,000 |
Common stock, shares outstanding (in shares) | 1,220,000 | 1,220,000 |
Unaudited Consolidated Statemen
Unaudited Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Interest income | ||
Loans, including fees | $ 10,254 | $ 8,790 |
Taxable securities | 1,573 | 943 |
Tax exempt securities | 93 | 96 |
Federal funds sold and other | 266 | 186 |
12,186 | 10,015 | |
Interest expense | ||
Deposits | 2,587 | 1,344 |
Federal Home Loan Bank advances | 281 | 156 |
Senior debt | 96 | 96 |
Junior subordinated debentures | 263 | 211 |
Subordinated capital note | 27 | |
3,227 | 1,834 | |
Net interest income | 8,959 | 8,181 |
Provision for loan losses | ||
Net interest income after provision for loan losses | 8,959 | 8,181 |
Non-interest income | ||
Income from bank owned life insurance | 99 | 99 |
Other | 181 | 183 |
1,284 | 1,251 | |
Non-interest expense | ||
Salaries and employee benefits | 3,915 | 3,788 |
Occupancy and equipment | 898 | 895 |
FDIC insurance | 108 | 182 |
Data processing expense | 313 | 324 |
Marketing expense | 227 | 300 |
State franchise and deposit tax | 315 | 282 |
Deposit account related expense | 281 | 219 |
Professional fees | 165 | 205 |
Litigation and loan collection expense | 46 | 53 |
Other real estate owned expense | 166 | 82 |
Other | 847 | 839 |
7,281 | 7,169 | |
Income before income taxes | 2,962 | 2,263 |
Income tax expense | 123 | 329 |
Net income | $ 2,839 | $ 1,934 |
Basic and diluted income per common share (in dollars per share) | $ 0.38 | $ 0.31 |
Deposit Account [Member] | ||
Non-interest income | ||
Non-interest income revenue | $ 496 | $ 568 |
Debit Card [Member] | ||
Non-interest income | ||
Non-interest income revenue | $ 508 | $ 401 |
Unaudited Consolidated Statem_2
Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net income | $ 2,839 | $ 1,934 |
Other comprehensive income (loss): | ||
Unrealized gain (loss) arising during the period | 1,995 | (1,711) |
Net unrealized gain (loss) recognized in comprehensive income | 1,995 | (1,711) |
Tax effect | (418) | 360 |
Other comprehensive income (loss) | 1,577 | (1,351) |
Comprehensive income | $ 4,416 | $ 583 |
Unaudited Consolidated Statem_3
Unaudited Consolidated Statements of Changes in Stockholders' Equity - 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 | ||
Stock-based compensation expense | 64 | 64 | |||||||
Net income | 1,934 | 1,934 | |||||||
Net change in accumulated other comprehensive income, net of taxes | (1,351) | (1,351) | |||||||
Balances (in shares) at Mar. 31, 2018 | 6,198 | 4,304 | 6,189,864 | 1,220,000 | 7,409,864 | ||||
Balances at Mar. 31, 2018 | $ 1,644 | $ 1,127 | $ 140,639 | 24,561 | (73,061) | (6,680) | 88,230 | ||
Issuance of stock (in shares) | 150,000 | 1,000,000 | 1,150,000 | ||||||
Issuance of stock | $ 14,910 | 14,910 | |||||||
Reclassification of disproportionate tax effect due to change in federal tax rate | 113 | (113) | |||||||
Balances (in shares) at Dec. 31, 2018 | 6,242,720 | 1,220,000 | 7,462,720 | ||||||
Balances at Dec. 31, 2018 | $ 140,639 | 24,287 | (66,201) | (6,628) | 92,097 | ||||
Issuance of unvested stock (in shares) | 20,108 | 20,108 | |||||||
Forfeited unvested stock (in shares) | (3,748) | (3,748) | |||||||
Shares withheld for taxes (in shares) | (18,466) | (18,466) | |||||||
Shares withheld for taxes | (276) | (276) | |||||||
Stock-based compensation expense | 82 | 82 | |||||||
Net income | 2,839 | 2,839 | |||||||
Net change in accumulated other comprehensive income, net of taxes | 1,577 | 1,577 | |||||||
Balances (in shares) at Mar. 31, 2019 | 6,240,614 | 1,220,000 | 7,460,614 | ||||||
Balances at Mar. 31, 2019 | $ 140,639 | $ 24,093 | $ (63,362) | $ (5,051) | $ 96,319 |
Unaudited Consolidated Statem_4
Unaudited Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash flows from operating activities | ||
Net income | $ 2,839,000 | $ 1,934,000 |
Adjustments to reconcile net income to net cash from operating activities | ||
Depreciation and amortization | 679,000 | 295,000 |
Net amortization on securities | 189,000 | 249,000 |
Stock-based compensation expense | 82,000 | 64,000 |
Deferred taxes, net | 295,000 | 675,000 |
Proceeds from sales of loans held for sale | 71,000 | |
Net gain on sale of loans | (1,000) | |
Net loss (gain) on sales of other real estate owned | 4,000 | |
Net write-down of other real estate owned | 150,000 | 60,000 |
Earnings on bank owned life insurance, net of premium expense | (93,000) | (94,000) |
Net change in accrued interest receivable and other assets | (668,000) | (954,000) |
Net change in accrued interest payable and other liabilities | (2,609,000) | (871,000) |
Net cash from operating activities | 864,000 | 1,432,000 |
Cash flows from investing activities | ||
Purchases of available for sale securities | (8,096,000) | (13,667,000) |
Sales and calls of available for sale securities | 1,000,000 | |
Maturities and prepayments of available for sale securities | 3,683,000 | 3,615,000 |
Proceeds from mandatory redemptions of FHLB stock | 420,000 | |
Proceeds from sale of other real estate owned | 70,000 | |
Loan originations and payments, net | (22,002,000) | (17,191,000) |
Purchases of premises and equipment, net | (37,000) | (206,000) |
Net cash from investing activities | (25,032,000) | (27,379,000) |
Cash flows from financing activities | ||
Net change in deposits | 14,611,000 | (113,000) |
Repayment of Federal Home Loan Bank advances | (30,038,000) | (35,045,000) |
Advances from Federal Home Loan Bank | 35,000,000 | 50,000,000 |
Repayment of subordinated capital note | (225,000) | |
Issuance of common stock | 14,910,000 | |
Common shares withheld for taxes | (276,000) | |
Net cash from financing activities | 19,297,000 | 29,527,000 |
Net change in cash and cash equivalents | (4,871,000) | 3,580,000 |
Beginning cash and cash equivalents | 35,361,000 | 34,103,000 |
Ending cash and cash equivalents | 30,490,000 | 37,683,000 |
Supplemental cash flow information: | ||
Interest paid | 3,193,000 | 1,558,000 |
Supplemental non-cash disclosure: | ||
Transfer from loans to other real estate | 110,000 | |
Initial recognition of right-of-use lease assets | $ 507,000 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2019 | |
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 March 31, 2019 not may December 31, 2018 10 Use of Estimates Reclassifications not New Accounting Standards – February 2016, No. 2016 02, 842 December 15, 2018. $507,000 not 2024 6%. $65,000 three March 31, 2019. March 31, 2019, one $1.1 In June 2016, No. 2016 13, 326 first December 15, 2019. first 2019, two three 2019, one first December 2018, three one may In March 2017, No. 2017 08, 310 20 first December 15, 2018. not |
Note 2 - Securities
Note 2 - Securities | 3 Months Ended |
Mar. 31, 2019 | |
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) March 31, 2019 Available for sale U.S. Government and federal agency $ 24,293 $ 75 $ (415 ) $ 23,953 Agency mortgage-backed: residential 91,005 448 (810 ) 90,643 Collateralized loan obligations 49,902 — (189 ) 49,713 State and municipal 31,764 358 (63 ) 32,059 Corporate bonds 9,902 153 (12 ) 10,043 Total available for sale $ 206,866 $ 1,034 $ (1,489 ) $ 206,411 December 31, 2018 Amortized Cost Gross Unre alized Gains Gross Unre alized Losses Fair Value Available for sale U.S. Government and federal agency $ 23,280 $ 2 $ (722 ) $ 22,560 Agency mortgage-backed: residential 87,689 192 (1,891 ) 85,990 Collateralized loan obligations 49,942 — (103 ) 49,839 State and municipal 32,841 230 (259 ) 32,812 Corporate bonds 9,890 127 (26 ) 9,991 Total available for sale $ 203,642 $ 551 $ (3,001 ) $ 201,192 Sales and calls of securities were as follows: Three Months Ended March31, 2019 2018 (in thousands) Proceeds $ 1,000 $ — Gross gains — — Gross losses — — The amortized cost and fair value of our debt securities are shown by contractual maturity. Expected maturities may not March 31 , 2019 Amortized Cost Fair Value (in thousands) Maturity Available for sale Within one year $ 40,359 $ 40,366 One to five years 55,881 55,776 Five to ten years 19,621 19,626 Agency mortgage-backed: residential 91,005 90,643 Total $ 206,866 $ 206,411 Securities pledged at March 31, 2019 December 31, 2018 $69.5 $64.4 At March 31, 2019 December 31, 2018, $15.3 March 31, 2019 December 31, 2018, no one 10% The Bank owns Collateralized Loan Obligations (CLOs), which are debt securities secured by professionally managed portfolios of senior-secured loans to corporations. CLO managers are typically large non-bank financial institutions or banks and are typically $300 $1 one hundred five six first first may may The market value of CLOs may At March 31, 2019, $33.1 $16.7 no none three March 31, 2019. three The Company evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, underlying credit quality of the issuer, and the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer’s financial condition, the Company may March 31, 2019, not Securities with unrealized losses at March 31, 2019 December 31, 2018, 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) March 31, 2019 Available for sale U.S. Government and federal agency $ — $ — $ 18,146 $ (415 ) $ 18,146 $ (415 ) Agency mortgage-backed: residential — — 48,390 (810 ) 48,390 (810 ) Collateralized loan obligations 40,083 (187 ) 5,085 (2 ) 45,168 (189 ) State and municipal — — 9,639 (63 ) 9,639 (63 ) Corporate bonds 1,588 (12 ) — — 1,588 (12 ) Total temporarily impaired $ 41,671 $ (199 ) $ 81,260 $ (1,290 ) $ 122,931 $ (1,489 ) December 31, 2018 Available for sale U.S. Government and federal agency $ 3,431 $ (57 ) $ 17,212 $ (665 ) $ 20,643 $ (722 ) Agency mortgage-backed: residential 30,229 (343 ) 40,932 (1,548 ) 71,161 (1,891 ) Collateralized loan obligations 48,294 (103 ) — — 48,294 (103 ) State and municipal 6,133 (29 ) 7,252 (230 ) 13,385 (259 ) Corporate Bonds 3,569 (26 ) — — 3,569 (26 ) Total temporarily impaired $ 91,656 $ (558 ) $ 65,396 $ (2,443 ) $ 157,052 $ (3,001 ) |
Note 3 - Loans
Note 3 - Loans | 3 Months Ended |
Mar. 31, 2019 | |
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: March 31, December 31, 2019 2018 (in thousands) Commercial $ 128,586 $ 129,368 Commercial Real Estate: Construction 63,135 86,867 Farmland 77,545 77,937 Nonfarm nonresidential 191,522 172,177 Residential Real Estate: Multi-family 58,860 49,757 1-4 Family 171,134 175,761 Consumer 57,837 39,104 Agriculture 37,528 33,737 Other 438 536 Subtotal 786,585 765,244 Less: Allowance for loan losses (8,686 ) (8,880 ) Loans, net $ 777,899 $ 756,364 The following table presents the activity in the allowance for loan losses by portfolio segment for the three March 31, 2019 2018: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) March 31, 2019 : Beginning balance $ 1,299 $ 4,676 $ 2,452 $ 130 $ 321 $ 2 $ 8,880 Provision (negative provision) 143 (165 ) (204 ) 193 33 – – Loans charged off – (15 ) (82 ) (180 ) (1 ) – (278 ) Recoveries 5 2 61 16 – – 84 Ending balance $ 1,447 $ 4,498 $ 2,227 $ 159 $ 353 $ 2 $ 8,686 March 31, 2018 : Beginning balance $ 892 $ 4,032 $ 2,900 $ 64 $ 313 $ 1 $ 8,202 Provision (negative provision) (55 ) 63 (116 ) 13 95 – – Loans charged off – (1 ) (19 ) (27 ) – – (47 ) Recoveries 240 18 68 34 11 – 371 Ending balance $ 1,077 $ 4,112 $ 2,833 $ 84 $ 419 $ 1 $ 8,526 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 March 31, 2019: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ – $ 33 $ 160 $ – $ – $ – $ 193 Collectively evaluated for impairment 1,447 4,465 2,067 159 353 2 8,493 Total ending allowance balance $ 1,447 $ 4,498 $ 2,227 $ 159 $ 353 $ 2 $ 8,686 Loans: Loans individually evaluated for impairment $ 50 $ 516 $ 2,175 $ 28 $ 65 $ – $ 2,834 Loans collectively evaluated for impairment 128,536 331,686 227,819 57,809 37,463 438 783,751 Total ending loans balance $ 128,586 $ 332,202 $ 229,994 $ 57,837 $ 37,528 $ 438 $ 786,585 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, 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 $ – $ 35 $ 168 $ – $ – $ – $ 203 Collectively evaluated for impairment 1,299 4,641 2,284 130 321 2 8,677 Total ending allowance balance $ 1,299 $ 4,676 $ 2,452 $ 130 $ 321 $ 2 $ 8,880 Loans: Loans individually evaluated for impairment $ 53 $ 510 $ 2,348 $ – $ – $ – $ 2,911 Loans collectively evaluated for impairment 129,315 336,471 223,170 39,104 33,737 536 762,333 Total ending loans balance $ 129,368 $ 336,981 $ 225,518 $ 39,104 $ 33,737 $ 536 $ 765,244 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 had been provided. The following tables present information related to loans individually evaluated for impairment by class of loans as of March 31, 2019 December 31, 2018 three March 31, 2019 2018: As of March 31, 2019 T hree Months Ended March 31, 2019 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 116 $ 50 $ — $ 52 $ — $ — Commercial real estate: Construction — — — — — — Farmland 249 107 — 98 5 5 Nonfarm nonresidential 712 252 — 256 3 3 Residential real estate: Multi-family — — — — — — 1-4 Family 2,578 1,459 — 1,544 22 22 Consumer 208 28 — 14 — — Agriculture 65 65 — 32 — — Other — — — — — — Subtotal 3,928 1,961 — 1,996 30 30 With An Allowance Recorded: Commercial — — — — — — Commercial real estate: Construction — — — — — — Farmland 157 157 33 158 — — Nonfarm nonresidential — — — — — — Residential real estate: Multi-family — — — — — — 1-4 Family 716 716 160 719 11 — Consumer — — — — — — Agriculture — — — — — — Other — — — — — — Subtotal 873 873 193 877 11 — Total $ 4,801 $ 2,834 $ 193 $ 2,873 $ 41 $ 30 As of December 31, 2018 T hree Months Ended March 31, 2018 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 120 $ 53 $ — $ 253 $ — $ — Commercial real estate: Construction — — — — — — Farmland 1,860 89 — 1,872 198 198 Nonfarm nonresidential 402 262 — 427 5 — Residential real estate: Multi-family — — — — — — 1-4 Family 2,678 1,628 — 2,505 8 8 Consumer 12 — — 1 — — Agriculture — — — — — — Other — — — — — — Subtotal 5,072 2,032 — 5,058 211 206 With An Allowance Recorded: Commercial — — — 100 2 — Commercial real estate: Construction — — — — — — Farmland — — — — — — Nonfarm nonresidential 159 159 35 — — — Residential real estate: Multi-family — — — — — — 1-4 Family 720 720 168 1,316 16 — Consumer — — — — — — Agriculture — — — — — — Other — — — — — — Subtotal 879 879 203 1,416 18 — Total $ 5,951 $ 2,911 $ 203 $ 6,474 $ 229 $ 206 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 March 31, 2019 December 31, 2018: TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) March 31, 2019 Commercial Real Estate: Nonfarm nonresidential Rate reduction $ 190 $ — $ 190 Residential Real Estate: 1-4 Family Rate reduction 720 — 720 Total TDRs $ 910 $ — $ 910 TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2018 Commercial Real Estate: Nonfarm nonresidential Rate reduction $ 190 $ — $ 190 Residential Real Estate: 1-4 Family Rate reduction 720 — 720 Total TDRs $ 910 $ — $ 910 At March 31, 2019 December 31, 2018, 100% $160,000 $168,000 March 31, 2019, December 31, 2018, no March 31, 2019 December 31, 2018 Management periodically reviews renewals and modifications of previously identified TDRs, for which there was no no not not No three March 31, 2019 March 31, 2018. first three 2019 2018, no 12 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 March 31, 2019, December 31, 2018: Nonaccrual Loans Past Due 90 Days And Over Still Accruing March 31 , 2019 December 31, 2018 March 31 , 2019 December 31, 2018 (in thousands) Commercial $ 50 $ 53 $ — $ — Commercial Real Estate: Construction — — — — Farmland 264 249 — — Nonfarm nonresidential 55 61 — — Residential Real Estate: Multi-family — — — — 1-4 Family 1,459 1,628 — — Consumer 28 — — — Agriculture 65 — — — Other — — — — Total $ 1,921 $ 1,991 $ — $ — The following table presents the aging of the recorded investment in past due loans as of March 31, 2019 December 31, 2018: 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days And Over Past Due Nonaccrual Total Past Due And Nonaccrual (in thousands) March 31, 2019 Commercial $ 39 $ — $ — $ 50 $ 89 Commercial Real Estate: Construction — — — — — Farmland 120 163 — 264 547 Nonfarm nonresidential — — — 55 55 Residential Real Estate: Multi-family 209 — — — 209 1-4 Family 1,583 74 — 1,459 3,116 Consumer — — — 28 28 Agriculture 50 3 — 65 118 Other — — — — — Total $ 2,001 $ 240 $ — $ 1,921 $ 4,162 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, 2018 Commercial $ 39 $ — $ — $ 53 $ 92 Commercial Real Estate: Construction — — — — — Farmland 244 107 — 249 600 Nonfarm nonresidential — 52 — 61 113 Residential Real Estate: Multi-family — — — — — 1-4 Family 1,299 137 — 1,628 3,064 Consumer 8 35 — — 43 Agriculture 3 — — — 3 Other — — — — — Total $ 1,593 $ 331 $ — $ 1,991 $ 3,915 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 March 31, 2019, December 31, 2018, Pass Watch Special Mention Substandard Doubtful Total (in thousands) March 31, 2019 Commercial $ 123,957 $ 124 $ — $ 4,505 $ — $ 128,586 Commercial Real Estate: Construction 63,135 — — — — 63,135 Farmland 72,251 4,220 — 1,074 — 77,545 Nonfarm nonresidential 183,717 5,025 — 2,780 — 191,522 Residential Real Estate: Multi-family 54,258 4,393 — 209 — 58,860 1-4 Family 164,604 2,620 — 3,910 — 171,134 Consumer 57,726 9 — 102 — 57,837 Agriculture 36,407 1,021 — 100 — 37,528 Other 438 — — — — 438 Total $ 756,493 $ 17,412 $ — $ 12,680 $ — $ 786,585 Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 2018 Commercial $ 129,106 $ 141 $ — $ 121 $ — $ 129,368 Commercial Real Estate: Construction 86,867 — — — — 86,867 Farmland 74,054 2,741 — 1,142 — 77,937 Nonfarm nonresidential 169,551 1,983 — 643 — 172,177 Residential Real Estate: Multi-family 44,697 5,060 — — — 49,757 1-4 Family 169,342 2,209 113 4,097 — 175,761 Consumer 38,768 11 — 325 — 39,104 Agriculture 32,683 1,019 — 35 — 33,737 Other 536 — — — — 536 Total $ 745,604 $ 13,164 $ 113 $ 6,363 $ — $ 765,244 |
Note 4 - Other Real Estate Owne
Note 4 - Other Real Estate Owned | 3 Months Ended |
Mar. 31, 2019 | |
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 estimated 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: March 31, 2019 December 31, 2018 (in thousands) Commercial Real Estate: Construction, land development, and other land $ 3,335 $ 3,485 $ 3,335 $ 3,485 Residential loans secured by 1 4 $770,000 $771,000 March 31, 2019 December 31, 2018, Activity relating to OREO during the three March 31, 2019 2018 For the Three Months Ended March 31, 2019 2018 (in thousands) OREO Activity OREO as of January 1 $ 3,485 $ 4,409 Real estate acquired — 110 Valuation adjustment write-downs (150 ) (60 ) Net gain (loss) on sales — (4 ) Proceeds from sales of properties — (70 ) OREO as of March 31 $ 3,335 $ 4,385 Expenses related to OREO include: For the Three Months Ended March 31 , 2019 2018 (in thousands) Net loss (gain) on sales $ — $ 4 Valuation adjustment write-downs 150 60 Operating expense 16 18 Total $ 166 $ 82 |
Note 5 - Deposits
Note 5 - Deposits | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 5 – Deposits The following table details deposits by category: March 31 , 2019 December 31, 2018 (in thousands) Non-interest bearing $ 146,440 $ 142,618 Interest checking 96,537 94,269 Money market 166,430 171,924 Savings 34,066 34,534 Certificates of deposit 465,369 450,886 Total $ 908,842 $ 894,231 Time deposits of $250,000 $29.3 $28.1 March 31, 2019 December 31, 2018, Scheduled maturities of total time deposits at March 31, 2019 five Year 1 $ 362,344 Year 2 73,866 Year 3 10,084 Year 4 8,307 Year 5 10,458 Thereafter 310 $ 465,369 |
Note 6 - Advances From The Fede
Note 6 - Advances From The Federal Home Loan Bank | 3 Months Ended |
Mar. 31, 2019 | |
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: March 31, December 31, 2019 2018 (in thousands) Short term advances (fixed rates 2.52% to 2.58%) maturing April 2019 $ 50,000 $ 45,000 Long term advances (fixed rates 0.00% to 5.24%) maturing April 2020 to August 2033 1,511 1,549 Total advances from the Federal Home Loan Bank $ 51,511 $ 46,549 FHLB advances had a weighted-average rate of 2.50% March 31, 2019 2.45% December 31, 2018. No 2019 2018. $128.1 $130.4 first March 31, 2019 December 31, 2018, March 31, 2019, $39.8 Scheduled principal payments on the above during the next five Advances Year 1 $ 50,502 Year 2 748 Year 3 98 Year 4 99 Year 5 42 Thereafter 22 $ 51,511 |
Note 7 - Senior Debt
Note 7 - Senior Debt | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | Note 7 The Company’s $10.0 June 30, 2022. three 250 June 30, 2020, $250,000 first 100% may 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 $2,500,000, 10% 11% may not 2.5% March 31, 2019. |
Note 8 - Fair Values Measuremen
Note 8 - Fair Values Measurement | 3 Months Ended |
Mar. 31, 2019 | |
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 applies internal discounts 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% six ten Management also applies 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. 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 March 31, 2019 December 31, 2018 Fair Value Measurements at March 31, 2019 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 $ 23,953 $ — $ 23,953 $ — Agency mortgage-backed: residential 90,643 — 90,643 — Collateralized loan obligations 49,713 — 49,713 — State and municipal 32,059 — 32,059 — Corporate bonds 10,043 — 10,043 — Total $ 206,411 $ — $ 206,411 $ — Fair Value Measurements at December 31, 2018 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 $ 22,560 $ — $ 22,560 $ — Agency mortgage-backed: residential 85,990 — 85,990 — Collateralized loan obligations 49,839 — 49,839 — State and municipal 32,812 — 32,812 — Corporate bonds 9,991 — 9,991 — Total $ 201,192 $ — $ 201,192 $ — There were no 1 2 2019 2018. Financial assets measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at March 31, 2019 Using (in thousands) Descriptions Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ — $ — $ — $ — Commercial real estate: Construction — — — — Farmland — — — — Nonfarm nonresidential 124 — — 124 Residential real estate: Multi-family — — — — 1-4 Family 556 — — 556 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned, net: Commercial real estate: Construction 3,335 — — 3,335 Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family — — — — Fair Value Measurements at December 31, 2018 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ — $ — $ — $ — Commercial real estate: Construction — — — — Farmland — — — — Nonfarm nonresidential 124 — — 124 Residential real estate: Multi-family — — — — 1-4 Family 552 — — 552 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned, net: Commercial real estate: Construction 3,485 — — 3,485 Farmland — — — — 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 $873,000 March 31, 2019 $193,000, no three March 31, 2019. $1.6 $282,000, $63,000 three March 31, 2018. December 31, 2018, $879,000, $203,000, no OREO, which is measured at the lower of carrying or fair value less costs to sell, had a net carrying amount of $3.3 March 31, 2019, $3.5 December 31, 2018. $150,000 three March 31, 2019, $60,000 three March 31, 2018. The following table presents qualitative information about level 3 March 31, 2019: Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) (in thousands Impaired loans – Residential real estate $ 556 Sales comparison approach Adjustment for differences between the comparable sales 0% - 26% (11%) Other real estate owned – Commercial real estate $ 3,335 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, 2018: Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) (in thousands) Impaired loans – Residential real estate $ 552 Sales comparison approach Adjustment for differences between the comparable sales 0% - 26% (11%) Other real estate owned – Commercial real estate $ 3,485 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 March 31, 2019 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 30,490 $ 30,490 $ — $ — $ 30,490 Securities available for sale 206,411 — 206,411 — 206,411 Federal Home Loan Bank stock 6,813 N/A N/A N/A N/A Loans, net 777,899 — — 773,191 773,191 Accrued interest receivable 3,998 — 1,221 2,777 3,998 Financial liabilities Deposits $ 908,842 $ 146,440 $ 760,936 $ — $ 907,376 Federal Home Loan Bank advances 51,511 — 51,493 — 51,493 Junior subordinated debentures 21,000 — — 17,040 17,040 Senior debt 10,000 — — 9,766 9,766 Accrued interest payable 692 — 633 59 692 Fair Value Measurements at December 31, 2018 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 35,361 $ 35,361 $ — $ — $ 35,361 Securities available for sale 201,192 — 201,192 — 201,192 Federal Home Loan Bank stock 7,233 N/A N/A N/A N/A Loans, net 756,364 — — 744,076 744,076 Accrued interest receivable 3,665 — 1,222 2,443 3,665 Financial liabilities Deposits $ 894,231 $ 142,618 $ 750,015 $ — $ 892,633 Federal Home Loan Bank advances 46,549 — 46,519 — 46,519 Junior subordinated debentures 21,000 — — 16,226 16,226 Senior Debt 10,000 — — 9,585 9,585 Accrued interest payable 658 — 598 60 658 In accordance with the Company’s adoption of ASU 2016 01 January 1, 2018, March 31, 2019 December 31, 2018 may |
Note 9 - Income Taxes
Note 9 - Income Taxes | 3 Months Ended |
Mar. 31, 2019 | |
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: March 31, December 31, 2019 2018 (in thousands) Deferred tax assets: Net operating loss carry-forward $ 24,486 $ 23,390 Allowance for loan losses 2,167 1,865 OREO write-down 2,642 2,611 Alternative minimum tax credit carry-forward 173 346 Net assets from acquisitions 303 290 Net unrealized loss on securities 114 515 New market tax credit carry-forward 208 208 Nonaccrual loan interest 285 235 Accrued expenses 161 239 Deferred compensation — 267 Other 199 241 30,738 30,207 Deferred tax liabilities: FHLB stock dividends 615 557 Fixed assets 87 94 Deferred loan costs 159 136 Other 137 138 998 925 Net deferred tax assets before valuation allowance 29,740 29,282 Valuation allowance (1,172 ) — Net deferred tax asset $ 28,568 $ 29,282 During the first 2019, $341,000 1.1% 5%. January 1, 2021. At March 31, 2019, $111.0 2031. March 31, 2019, $173,000 2019 In addition, the Company had state NOLs of $28.5 March 31, 2019 2025. April 2019, 2021 March 31, 2019, not $1.2 $0.16 second 2019. The Company does not not twelve no three March 31, 2019 March 31, 2018 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 | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | Note 10 – Stock Plans and Stock Based Compensation Shares available for issuance under the 2018 “2018 304,886. three $25,000 December 31 The fair value of the 2019 $292,000, $14.53 $82,000 $64,000 three March 31, 2019 2018, $17,000 $13,000 three March 31, 2019 2018, The following table summarizes unvested share activity as of and for the periods indicated for the Stock Incentive Plan: Three Months Ended Twelve Months Ended March 31 , 2019 December 31, 2018 Weighted Weighted Average Average Grant Grant Shares Price Shares Price Outstanding, beginning 116,909 $ 8.69 142,334 $ 5.67 Granted 20,108 14.53 52,856 13.94 Vested (60,360 ) 5.03 (78,281 ) 6.75 Forfeited (3,748 ) 12.94 — — Outstanding, ending 72,909 $ 13.11 116,909 $ 8.69 Unrecognized stock based compensation expense related to unvested shares for the remainder of 2019 April 2019 – December 2019 $ 274 2020 296 2021 182 2022 11 |
Note 11 - Earnings Per Share
Note 11 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2019 | |
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 March 31 , 2019 2018 (in thousands, except share and per share data) Net income $ 2,839 $ 1,934 Less: Earnings allocated to unvested shares 36 34 Net income available to common shareholders, basic and diluted $ 2,803 $ 1,900 Basic Weighted average common shares including unvested common shares outstanding 7,469,912 6,285,420 Less: Weighted average unvested common shares 94,909 112,023 Weighted average common shares outstanding 7,375,003 6,173,397 Basic income per common share $ 0.38 $ 0.31 Diluted Add: Dilutive effects of assumed exercises of common stock warrants — — Weighted average common shares and potential common shares 7,375,003 6,173,397 Diluted income per common share $ 0.38 $ 0.31 The Company had no March 31, 2019 2018. 66,113 $79.41 March 31, 2018, not November 21, 2018. |
Note 12 - Regulatory Capital Ma
Note 12 - Regulatory Capital Matters | 3 Months Ended |
Mar. 31, 2019 | |
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% January 1, 2019, 1 7.0%, 1 8.5%, 10.5%. 2019 2.5% 1.875% 2018. Management believes as of March 31, 2019, March 31, 2019, no 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 March 31, 2019 : Total risk-based capital (to risk- weighted assets) $ 112,779 13.01 $ 69,329 8.00 $ 86,661 10.00 % Total common equity Tier 1 risk-based capital (to risk-weighted assets) 104,093 12.01 38,997 4.50 56,330 6.50 Tier 1 capital (to risk-weighted assets) 104,093 12.01 51,997 6.00 69,329 8.00 Tier 1 capital (to average assets) 104,093 9.88 42,149 4.00 52,686 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, 2018 : Total risk-based capital (to risk- weighted assets) $ 109,309 12.88 % $ 67,920 8.00 % $ 84,900 10.00 % Total common equity Tier 1 risk-based capital (to risk-weighted assets) 100,429 11.83 38,205 4.50 55,185 6.50 Tier 1 capital (to risk-weighted assets) 100,429 11.83 50,940 6.00 67,920 8.00 Tier 1 capital (to average assets) 100,429 9.60 41,837 4.00 52,297 5.00 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 | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 13 – 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: March 31, 2019 December 31, 2018 Fixed Rate Variable Rate Fixed Rate Variable Rate (in thousands) Commitments to make loans $ 3,295 $ 11,460 $ 5,317 $ 11,236 Unused lines of credit 11,333 75,070 7,410 73,024 Standby letters of credit 541 1,752 541 1,752 Commitments to make loans are generally made for periods of one In connection with the purchase of loan participations, the Bank entered into risk participation agreements, which had notional amounts totaling $26.6 March 31, 2019 December 31, 2018. not 815, not In the normal course of business, the Company and its subsidiaries have been named, from time to time, as defendants in various legal actions. Certain of the actual or threatened legal actions may The Company contests liability and/or the amount of damages as appropriate in each pending matter. In view of the inherent difficulty of predicting the outcome of such matters, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company cannot predict with certainty the loss or range of loss, if any, related to such matters, how or if such matters will be resolved, when they will ultimately be resolved, or what the eventual settlement, or other relief, if any, might be. Subject to the foregoing, the Company believes, based on current knowledge and after consultation with counsel, that the outcome of such pending matters will not 1 2 not |
Note 14 - Revenue From Contract
Note 14 - Revenue From Contracts With Customers | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | Note 14 – Revenue from Contracts with Customers All of the Company’s revenue from customers within the scope of ASC 606 606 Service Charges on Deposit Accounts: Bank Card Interchange Income: third 606, 606, Gains/Losses on Sales of OREO: Other Non-interest I ncome 606, $136,000 $130,000 three March 31, 2019 March 31, 2018, 606. three 606. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
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 March 31, 2019 not may December 31, 2018 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 – February 2016, No. 2016 02, 842 December 15, 2018. $507,000 not 2024 6%. $65,000 three March 31, 2019. March 31, 2019, one $1.1 In June 2016, No. 2016 13, 326 first December 15, 2019. first 2019, two three 2019, one first December 2018, three one may In March 2017, No. 2017 08, 310 20 first December 15, 2018. not |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) March 31, 2019 Available for sale U.S. Government and federal agency $ 24,293 $ 75 $ (415 ) $ 23,953 Agency mortgage-backed: residential 91,005 448 (810 ) 90,643 Collateralized loan obligations 49,902 — (189 ) 49,713 State and municipal 31,764 358 (63 ) 32,059 Corporate bonds 9,902 153 (12 ) 10,043 Total available for sale $ 206,866 $ 1,034 $ (1,489 ) $ 206,411 December 31, 2018 Amortized Cost Gross Unre alized Gains Gross Unre alized Losses Fair Value Available for sale U.S. Government and federal agency $ 23,280 $ 2 $ (722 ) $ 22,560 Agency mortgage-backed: residential 87,689 192 (1,891 ) 85,990 Collateralized loan obligations 49,942 — (103 ) 49,839 State and municipal 32,841 230 (259 ) 32,812 Corporate bonds 9,890 127 (26 ) 9,991 Total available for sale $ 203,642 $ 551 $ (3,001 ) $ 201,192 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended March31, 2019 2018 (in thousands) Proceeds $ 1,000 $ — Gross gains — — Gross losses — — |
Investments Classified by Contractual Maturity Date [Table Text Block] | March 31 , 2019 Amortized Cost Fair Value (in thousands) Maturity Available for sale Within one year $ 40,359 $ 40,366 One to five years 55,881 55,776 Five to ten years 19,621 19,626 Agency mortgage-backed: residential 91,005 90,643 Total $ 206,866 $ 206,411 |
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) March 31, 2019 Available for sale U.S. Government and federal agency $ — $ — $ 18,146 $ (415 ) $ 18,146 $ (415 ) Agency mortgage-backed: residential — — 48,390 (810 ) 48,390 (810 ) Collateralized loan obligations 40,083 (187 ) 5,085 (2 ) 45,168 (189 ) State and municipal — — 9,639 (63 ) 9,639 (63 ) Corporate bonds 1,588 (12 ) — — 1,588 (12 ) Total temporarily impaired $ 41,671 $ (199 ) $ 81,260 $ (1,290 ) $ 122,931 $ (1,489 ) December 31, 2018 Available for sale U.S. Government and federal agency $ 3,431 $ (57 ) $ 17,212 $ (665 ) $ 20,643 $ (722 ) Agency mortgage-backed: residential 30,229 (343 ) 40,932 (1,548 ) 71,161 (1,891 ) Collateralized loan obligations 48,294 (103 ) — — 48,294 (103 ) State and municipal 6,133 (29 ) 7,252 (230 ) 13,385 (259 ) Corporate Bonds 3,569 (26 ) — — 3,569 (26 ) Total temporarily impaired $ 91,656 $ (558 ) $ 65,396 $ (2,443 ) $ 157,052 $ (3,001 ) |
Note 3 - Loans (Tables)
Note 3 - Loans (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, 2019 2018 (in thousands) Commercial $ 128,586 $ 129,368 Commercial Real Estate: Construction 63,135 86,867 Farmland 77,545 77,937 Nonfarm nonresidential 191,522 172,177 Residential Real Estate: Multi-family 58,860 49,757 1-4 Family 171,134 175,761 Consumer 57,837 39,104 Agriculture 37,528 33,737 Other 438 536 Subtotal 786,585 765,244 Less: Allowance for loan losses (8,686 ) (8,880 ) Loans, net $ 777,899 $ 756,364 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) March 31, 2019 : Beginning balance $ 1,299 $ 4,676 $ 2,452 $ 130 $ 321 $ 2 $ 8,880 Provision (negative provision) 143 (165 ) (204 ) 193 33 – – Loans charged off – (15 ) (82 ) (180 ) (1 ) – (278 ) Recoveries 5 2 61 16 – – 84 Ending balance $ 1,447 $ 4,498 $ 2,227 $ 159 $ 353 $ 2 $ 8,686 March 31, 2018 : Beginning balance $ 892 $ 4,032 $ 2,900 $ 64 $ 313 $ 1 $ 8,202 Provision (negative provision) (55 ) 63 (116 ) 13 95 – – Loans charged off – (1 ) (19 ) (27 ) – – (47 ) Recoveries 240 18 68 34 11 – 371 Ending balance $ 1,077 $ 4,112 $ 2,833 $ 84 $ 419 $ 1 $ 8,526 |
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 $ – $ 33 $ 160 $ – $ – $ – $ 193 Collectively evaluated for impairment 1,447 4,465 2,067 159 353 2 8,493 Total ending allowance balance $ 1,447 $ 4,498 $ 2,227 $ 159 $ 353 $ 2 $ 8,686 Loans: Loans individually evaluated for impairment $ 50 $ 516 $ 2,175 $ 28 $ 65 $ – $ 2,834 Loans collectively evaluated for impairment 128,536 331,686 227,819 57,809 37,463 438 783,751 Total ending loans balance $ 128,586 $ 332,202 $ 229,994 $ 57,837 $ 37,528 $ 438 $ 786,585 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 $ – $ 35 $ 168 $ – $ – $ – $ 203 Collectively evaluated for impairment 1,299 4,641 2,284 130 321 2 8,677 Total ending allowance balance $ 1,299 $ 4,676 $ 2,452 $ 130 $ 321 $ 2 $ 8,880 Loans: Loans individually evaluated for impairment $ 53 $ 510 $ 2,348 $ – $ – $ – $ 2,911 Loans collectively evaluated for impairment 129,315 336,471 223,170 39,104 33,737 536 762,333 Total ending loans balance $ 129,368 $ 336,981 $ 225,518 $ 39,104 $ 33,737 $ 536 $ 765,244 |
Impaired Financing Receivables [Table Text Block] | As of March 31, 2019 T hree Months Ended March 31, 2019 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 116 $ 50 $ — $ 52 $ — $ — Commercial real estate: Construction — — — — — — Farmland 249 107 — 98 5 5 Nonfarm nonresidential 712 252 — 256 3 3 Residential real estate: Multi-family — — — — — — 1-4 Family 2,578 1,459 — 1,544 22 22 Consumer 208 28 — 14 — — Agriculture 65 65 — 32 — — Other — — — — — — Subtotal 3,928 1,961 — 1,996 30 30 With An Allowance Recorded: Commercial — — — — — — Commercial real estate: Construction — — — — — — Farmland 157 157 33 158 — — Nonfarm nonresidential — — — — — — Residential real estate: Multi-family — — — — — — 1-4 Family 716 716 160 719 11 — Consumer — — — — — — Agriculture — — — — — — Other — — — — — — Subtotal 873 873 193 877 11 — Total $ 4,801 $ 2,834 $ 193 $ 2,873 $ 41 $ 30 As of December 31, 2018 T hree Months Ended March 31, 2018 Unpaid Principal Balance Recorded Investment Allowance For Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized (in thousands) With No Related Allowance Recorded: Commercial $ 120 $ 53 $ — $ 253 $ — $ — Commercial real estate: Construction — — — — — — Farmland 1,860 89 — 1,872 198 198 Nonfarm nonresidential 402 262 — 427 5 — Residential real estate: Multi-family — — — — — — 1-4 Family 2,678 1,628 — 2,505 8 8 Consumer 12 — — 1 — — Agriculture — — — — — — Other — — — — — — Subtotal 5,072 2,032 — 5,058 211 206 With An Allowance Recorded: Commercial — — — 100 2 — Commercial real estate: Construction — — — — — — Farmland — — — — — — Nonfarm nonresidential 159 159 35 — — — Residential real estate: Multi-family — — — — — — 1-4 Family 720 720 168 1,316 16 — Consumer — — — — — — Agriculture — — — — — — Other — — — — — — Subtotal 879 879 203 1,416 18 — Total $ 5,951 $ 2,911 $ 203 $ 6,474 $ 229 $ 206 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) March 31, 2019 Commercial Real Estate: Nonfarm nonresidential Rate reduction $ 190 $ — $ 190 Residential Real Estate: 1-4 Family Rate reduction 720 — 720 Total TDRs $ 910 $ — $ 910 TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2018 Commercial Real Estate: Nonfarm nonresidential Rate reduction $ 190 $ — $ 190 Residential Real Estate: 1-4 Family Rate reduction 720 — 720 Total TDRs $ 910 $ — $ 910 |
Financing Receivable, Nonaccrual [Table Text Block] | Nonaccrual Loans Past Due 90 Days And Over Still Accruing March 31 , 2019 December 31, 2018 March 31 , 2019 December 31, 2018 (in thousands) Commercial $ 50 $ 53 $ — $ — Commercial Real Estate: Construction — — — — Farmland 264 249 — — Nonfarm nonresidential 55 61 — — Residential Real Estate: Multi-family — — — — 1-4 Family 1,459 1,628 — — Consumer 28 — — — Agriculture 65 — — — Other — — — — Total $ 1,921 $ 1,991 $ — $ — |
Financing Receivable, Past Due [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) March 31, 2019 Commercial $ 39 $ — $ — $ 50 $ 89 Commercial Real Estate: Construction — — — — — Farmland 120 163 — 264 547 Nonfarm nonresidential — — — 55 55 Residential Real Estate: Multi-family 209 — — — 209 1-4 Family 1,583 74 — 1,459 3,116 Consumer — — — 28 28 Agriculture 50 3 — 65 118 Other — — — — — Total $ 2,001 $ 240 $ — $ 1,921 $ 4,162 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, 2018 Commercial $ 39 $ — $ — $ 53 $ 92 Commercial Real Estate: Construction — — — — — Farmland 244 107 — 249 600 Nonfarm nonresidential — 52 — 61 113 Residential Real Estate: Multi-family — — — — — 1-4 Family 1,299 137 — 1,628 3,064 Consumer 8 35 — — 43 Agriculture 3 — — — 3 Other — — — — — Total $ 1,593 $ 331 $ — $ 1,991 $ 3,915 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Pass Watch Special Mention Substandard Doubtful Total (in thousands) March 31, 2019 Commercial $ 123,957 $ 124 $ — $ 4,505 $ — $ 128,586 Commercial Real Estate: Construction 63,135 — — — — 63,135 Farmland 72,251 4,220 — 1,074 — 77,545 Nonfarm nonresidential 183,717 5,025 — 2,780 — 191,522 Residential Real Estate: Multi-family 54,258 4,393 — 209 — 58,860 1-4 Family 164,604 2,620 — 3,910 — 171,134 Consumer 57,726 9 — 102 — 57,837 Agriculture 36,407 1,021 — 100 — 37,528 Other 438 — — — — 438 Total $ 756,493 $ 17,412 $ — $ 12,680 $ — $ 786,585 Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 2018 Commercial $ 129,106 $ 141 $ — $ 121 $ — $ 129,368 Commercial Real Estate: Construction 86,867 — — — — 86,867 Farmland 74,054 2,741 — 1,142 — 77,937 Nonfarm nonresidential 169,551 1,983 — 643 — 172,177 Residential Real Estate: Multi-family 44,697 5,060 — — — 49,757 1-4 Family 169,342 2,209 113 4,097 — 175,761 Consumer 38,768 11 — 325 — 39,104 Agriculture 32,683 1,019 — 35 — 33,737 Other 536 — — — — 536 Total $ 745,604 $ 13,164 $ 113 $ 6,363 $ — $ 765,244 |
Note 4 - Other Real Estate Ow_2
Note 4 - Other Real Estate Owned (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Real Estate Properties [Table Text Block] | March 31, 2019 December 31, 2018 (in thousands) Commercial Real Estate: Construction, land development, and other land $ 3,335 $ 3,485 $ 3,335 $ 3,485 |
Schedule of Expenses Related to Foreclosed Real Estate [Table Text Block] | For the Three Months Ended March 31, 2019 2018 (in thousands) OREO Activity OREO as of January 1 $ 3,485 $ 4,409 Real estate acquired — 110 Valuation adjustment write-downs (150 ) (60 ) Net gain (loss) on sales — (4 ) Proceeds from sales of properties — (70 ) OREO as of March 31 $ 3,335 $ 4,385 |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | For the Three Months Ended March 31 , 2019 2018 (in thousands) Net loss (gain) on sales $ — $ 4 Valuation adjustment write-downs 150 60 Operating expense 16 18 Total $ 166 $ 82 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Deposits [Table Text Block] | March 31 , 2019 December 31, 2018 (in thousands) Non-interest bearing $ 146,440 $ 142,618 Interest checking 96,537 94,269 Money market 166,430 171,924 Savings 34,066 34,534 Certificates of deposit 465,369 450,886 Total $ 908,842 $ 894,231 |
Schedule of Maturities of Time Deposits [Table Text Block] | Year 1 $ 362,344 Year 2 73,866 Year 3 10,084 Year 4 8,307 Year 5 10,458 Thereafter 310 $ 465,369 |
Note 6 - Advances From The Fe_2
Note 6 - Advances From The Federal Home Loan Bank (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | March 31, December 31, 2019 2018 (in thousands) Short term advances (fixed rates 2.52% to 2.58%) maturing April 2019 $ 50,000 $ 45,000 Long term advances (fixed rates 0.00% to 5.24%) maturing April 2020 to August 2033 1,511 1,549 Total advances from the Federal Home Loan Bank $ 51,511 $ 46,549 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Advances Year 1 $ 50,502 Year 2 748 Year 3 98 Year 4 99 Year 5 42 Thereafter 22 $ 51,511 |
Note 8 - Fair Values Measurem_2
Note 8 - Fair Values Measurement (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | Fair Value Measurements at March 31, 2019 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 $ 23,953 $ — $ 23,953 $ — Agency mortgage-backed: residential 90,643 — 90,643 — Collateralized loan obligations 49,713 — 49,713 — State and municipal 32,059 — 32,059 — Corporate bonds 10,043 — 10,043 — Total $ 206,411 $ — $ 206,411 $ — Fair Value Measurements at December 31, 2018 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 $ 22,560 $ — $ 22,560 $ — Agency mortgage-backed: residential 85,990 — 85,990 — Collateralized loan obligations 49,839 — 49,839 — State and municipal 32,812 — 32,812 — Corporate bonds 9,991 — 9,991 — Total $ 201,192 $ — $ 201,192 $ — Fair Value Measurements at March 31, 2019 Using (in thousands) Descriptions Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ — $ — $ — $ — Commercial real estate: Construction — — — — Farmland — — — — Nonfarm nonresidential 124 — — 124 Residential real estate: Multi-family — — — — 1-4 Family 556 — — 556 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned, net: Commercial real estate: Construction 3,335 — — 3,335 Farmland — — — — Nonfarm nonresidential — — — — Residential real estate: Multi-family — — — — 1-4 Family — — — — Fair Value Measurements at December 31, 2018 Using (in thousands) Description Carrying Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans: Commercial $ — $ — $ — $ — Commercial real estate: Construction — — — — Farmland — — — — Nonfarm nonresidential 124 — — 124 Residential real estate: Multi-family — — — — 1-4 Family 552 — — 552 Consumer — — — — Agriculture — — — — Other — — — — Other real estate owned, net: Commercial real estate: Construction 3,485 — — 3,485 Farmland — — — — 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 $ 556 Sales comparison approach Adjustment for differences between the comparable sales 0% - 26% (11%) Other real estate owned – Commercial real estate $ 3,335 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 $ 552 Sales comparison approach Adjustment for differences between the comparable sales 0% - 26% (11%) Other real estate owned – Commercial real estate $ 3,485 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 March 31, 2019 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 30,490 $ 30,490 $ — $ — $ 30,490 Securities available for sale 206,411 — 206,411 — 206,411 Federal Home Loan Bank stock 6,813 N/A N/A N/A N/A Loans, net 777,899 — — 773,191 773,191 Accrued interest receivable 3,998 — 1,221 2,777 3,998 Financial liabilities Deposits $ 908,842 $ 146,440 $ 760,936 $ — $ 907,376 Federal Home Loan Bank advances 51,511 — 51,493 — 51,493 Junior subordinated debentures 21,000 — — 17,040 17,040 Senior debt 10,000 — — 9,766 9,766 Accrued interest payable 692 — 633 59 692 Fair Value Measurements at December 31, 2018 Using Carrying Amount Level 1 Level 2 Level 3 Total (in thousands) Financial assets Cash and cash equivalents $ 35,361 $ 35,361 $ — $ — $ 35,361 Securities available for sale 201,192 — 201,192 — 201,192 Federal Home Loan Bank stock 7,233 N/A N/A N/A N/A Loans, net 756,364 — — 744,076 744,076 Accrued interest receivable 3,665 — 1,222 2,443 3,665 Financial liabilities Deposits $ 894,231 $ 142,618 $ 750,015 $ — $ 892,633 Federal Home Loan Bank advances 46,549 — 46,519 — 46,519 Junior subordinated debentures 21,000 — — 16,226 16,226 Senior Debt 10,000 — — 9,585 9,585 Accrued interest payable 658 — 598 60 658 |
Note 9 - Income Taxes (Tables)
Note 9 - Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | March 31, December 31, 2019 2018 (in thousands) Deferred tax assets: Net operating loss carry-forward $ 24,486 $ 23,390 Allowance for loan losses 2,167 1,865 OREO write-down 2,642 2,611 Alternative minimum tax credit carry-forward 173 346 Net assets from acquisitions 303 290 Net unrealized loss on securities 114 515 New market tax credit carry-forward 208 208 Nonaccrual loan interest 285 235 Accrued expenses 161 239 Deferred compensation — 267 Other 199 241 30,738 30,207 Deferred tax liabilities: FHLB stock dividends 615 557 Fixed assets 87 94 Deferred loan costs 159 136 Other 137 138 998 925 Net deferred tax assets before valuation allowance 29,740 29,282 Valuation allowance (1,172 ) — Net deferred tax asset $ 28,568 $ 29,282 |
Note 10 - Stock Plans and Sto_2
Note 10 - Stock Plans and Stock Based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Nonvested Share Activity [Table Text Block] | Three Months Ended Twelve Months Ended March 31 , 2019 December 31, 2018 Weighted Weighted Average Average Grant Grant Shares Price Shares Price Outstanding, beginning 116,909 $ 8.69 142,334 $ 5.67 Granted 20,108 14.53 52,856 13.94 Vested (60,360 ) 5.03 (78,281 ) 6.75 Forfeited (3,748 ) 12.94 — — Outstanding, ending 72,909 $ 13.11 116,909 $ 8.69 |
Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block] | April 2019 – December 2019 $ 274 2020 296 2021 182 2022 11 |
Note 11 - Earnings Per Share (T
Note 11 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended March 31 , 2019 2018 (in thousands, except share and per share data) Net income $ 2,839 $ 1,934 Less: Earnings allocated to unvested shares 36 34 Net income available to common shareholders, basic and diluted $ 2,803 $ 1,900 Basic Weighted average common shares including unvested common shares outstanding 7,469,912 6,285,420 Less: Weighted average unvested common shares 94,909 112,023 Weighted average common shares outstanding 7,375,003 6,173,397 Basic income per common share $ 0.38 $ 0.31 Diluted Add: Dilutive effects of assumed exercises of common stock warrants — — Weighted average common shares and potential common shares 7,375,003 6,173,397 Diluted income per common share $ 0.38 $ 0.31 |
Note 12 - Regulatory Capital _2
Note 12 - Regulatory Capital Matters (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
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 March 31, 2019 : Total risk-based capital (to risk- weighted assets) $ 112,779 13.01 $ 69,329 8.00 $ 86,661 10.00 % Total common equity Tier 1 risk-based capital (to risk-weighted assets) 104,093 12.01 38,997 4.50 56,330 6.50 Tier 1 capital (to risk-weighted assets) 104,093 12.01 51,997 6.00 69,329 8.00 Tier 1 capital (to average assets) 104,093 9.88 42,149 4.00 52,686 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, 2018 : Total risk-based capital (to risk- weighted assets) $ 109,309 12.88 % $ 67,920 8.00 % $ 84,900 10.00 % Total common equity Tier 1 risk-based capital (to risk-weighted assets) 100,429 11.83 38,205 4.50 55,185 6.50 Tier 1 capital (to risk-weighted assets) 100,429 11.83 50,940 6.00 67,920 8.00 Tier 1 capital (to average assets) 100,429 9.60 41,837 4.00 52,297 5.00 |
Note 13 - Off Balance Sheet R_2
Note 13 - Off Balance Sheet Risks, Commitments, and Contingent Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | March 31, 2019 December 31, 2018 Fixed Rate Variable Rate Fixed Rate Variable Rate (in thousands) Commitments to make loans $ 3,295 $ 11,460 $ 5,317 $ 11,236 Unused lines of credit 11,333 75,070 7,410 73,024 Standby letters of credit 541 1,752 541 1,752 |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Operating Lease, Weighted Average Discount Rate, Percent | 6.00% |
Operating Lease, Cost | $ 65,000 |
Lessee, Operating Lease, Leases Not yet Commenced | 1 |
Lessee, Operating Lease, Right-of-Use Asset, Not yet Commenced | $ 1,100,000 |
Lessee, Operating Lease, Liability, Not yet Commenced | 1,100,000 |
Accounting Standards Update 2016-02 [Member] | Premises and Equipment [Member] | |
Operating Lease, Right-of-Use Asset | 507,000 |
Operating Lease, Liability, Total | $ 507,000 |
Limestone Bank [Member] | |
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% |
Note 2 - Securities (Details Te
Note 2 - Securities (Details Textual) xbrli-pure in Thousands, $ in Thousands | Mar. 31, 2019USD ($) | Dec. 31, 2018USD ($) |
Security Owned and Pledged as Collateral, Fair Value, Total | $ 69,500 | $ 64,400 |
Debt Securities, Available-for-sale, Total | $ 206,411 | $ 201,192 |
Concentration Risk Number | 0 | 0 |
Risk Level, AA Rated [Member] | ||
Collateralized Agreements, Total | $ 33,100 | |
Risk Level, A Rated [Member] | ||
Collateralized Agreements, Total | 16,700 | |
Risk Level, Below A Rated [Member] | ||
Collateralized Agreements, Total | 0 | |
Risk Level, Subject to Downgrade [Member] | ||
Collateralized Agreements, Total | 0 | |
Kentucky Municipalities [Member] | ||
Debt Securities, Available-for-sale, Total | $ 15,300 | $ 15,300 |
Note 2 - Securities - Amortized
Note 2 - Securities - Amortized Cost, Gross Unrealized Gains or Losses, and Fair Value of Investment Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Available for sale securities, amortized cost | $ 206,866 | $ 203,642 |
Available for sale securities, gross unrealized gains | 1,034 | 551 |
Available for sale securities, gross unrealized losses | (1,489) | (3,001) |
Securities available for sale | 206,411 | 201,192 |
US Treasury and Government [Member] | ||
Available for sale securities, amortized cost | 24,293 | 23,280 |
Available for sale securities, gross unrealized gains | 75 | 2 |
Available for sale securities, gross unrealized losses | (415) | (722) |
Securities available for sale | 23,953 | 22,560 |
Residential Mortgage Backed Securities [Member] | ||
Available for sale securities, amortized cost | 91,005 | 87,689 |
Available for sale securities, gross unrealized gains | 448 | 192 |
Available for sale securities, gross unrealized losses | (810) | (1,891) |
Securities available for sale | 90,643 | 85,990 |
Collateralized Debt Obligations [Member] | ||
Available for sale securities, amortized cost | 49,902 | 49,942 |
Available for sale securities, gross unrealized gains | ||
Available for sale securities, gross unrealized losses | (189) | (103) |
Securities available for sale | 49,713 | 49,839 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 31,764 | 32,841 |
Available for sale securities, gross unrealized gains | 358 | 230 |
Available for sale securities, gross unrealized losses | (63) | (259) |
Securities available for sale | 32,059 | 32,812 |
Corporate Debt Securities [Member] | ||
Available for sale securities, amortized cost | 9,902 | 9,890 |
Available for sale securities, gross unrealized gains | 153 | 127 |
Available for sale securities, gross unrealized losses | (12) | (26) |
Securities available for sale | $ 10,043 | $ 9,991 |
Note 2 - Securities - Sales and
Note 2 - Securities - Sales and Calls of Securities (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Proceeds | $ 1 | |
Gross gains | ||
Gross losses |
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 | Mar. 31, 2019 | Dec. 31, 2018 |
Available for sale | ||
Within one year, amortized cost | $ 40,359 | |
Within one year, fair value | 40,366 | |
One to five years, amortized cost | 55,881 | |
One to five years, fair value | 55,776 | |
Five to ten years, amortized cost | 19,621 | |
Five to ten years, fair value | 19,626 | |
Agency mortgage-backed: residential, amortized cost | 91,005 | |
Agency mortgage-backed: residential, fair value | 90,643 | |
Total, amortized cost | 206,866 | $ 203,642 |
Total, fair value | $ 206,411 | $ 201,192 |
Note 2 - Securities - Securitie
Note 2 - Securities - Securities With Unrealized Losses (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Available for sale, fair value, less than 12 months | $ 41,671 | $ 91,656 |
Available for sale, unrealized loss, less than 12 months | (199) | (558) |
Available for sale, fair value, 12 months or more | 81,260 | 65,396 |
Available for sale, unrealized loss, 12 months or more | (1,290) | (2,443) |
Available for sale, fair value | 122,931 | 157,052 |
Available for sale, unrealized loss | (1,489) | (3,001) |
US Treasury and Government [Member] | ||
Available for sale, fair value, less than 12 months | 3,431 | |
Available for sale, unrealized loss, less than 12 months | (57) | |
Available for sale, fair value, 12 months or more | 18,146 | 17,212 |
Available for sale, unrealized loss, 12 months or more | (415) | (665) |
Available for sale, fair value | 18,146 | 20,643 |
Available for sale, unrealized loss | (415) | (722) |
Residential Mortgage Backed Securities [Member] | ||
Available for sale, fair value, less than 12 months | 30,229 | |
Available for sale, unrealized loss, less than 12 months | (343) | |
Available for sale, fair value, 12 months or more | 48,390 | 40,932 |
Available for sale, unrealized loss, 12 months or more | (810) | (1,548) |
Available for sale, fair value | 48,390 | 71,161 |
Available for sale, unrealized loss | (810) | (1,891) |
Collateralized Loan Obligations [Member] | ||
Available for sale, fair value, less than 12 months | 40,083 | 48,294 |
Available for sale, unrealized loss, less than 12 months | (187) | (103) |
Available for sale, fair value, 12 months or more | 5,085 | |
Available for sale, unrealized loss, 12 months or more | (2) | |
Available for sale, fair value | 45,168 | 48,294 |
Available for sale, unrealized loss | (189) | (103) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale, fair value, less than 12 months | 6,133 | |
Available for sale, unrealized loss, less than 12 months | (29) | |
Available for sale, fair value, 12 months or more | 9,639 | 7,252 |
Available for sale, unrealized loss, 12 months or more | (63) | (230) |
Available for sale, fair value | 9,639 | 13,385 |
Available for sale, unrealized loss | (63) | (259) |
Corporate Debt Securities [Member] | ||
Available for sale, fair value, less than 12 months | 1,588 | 3,569 |
Available for sale, unrealized loss, less than 12 months | (12) | (26) |
Available for sale, fair value, 12 months or more | ||
Available for sale, unrealized loss, 12 months or more | ||
Available for sale, fair value | 1,588 | 3,569 |
Available for sale, unrealized loss | $ (12) | $ (26) |
Note 3 - Loans (Details Textual
Note 3 - Loans (Details Textual) | 3 Months Ended | ||
Mar. 31, 2019USD ($) | Mar. 31, 2018 | Dec. 31, 2018USD ($) | |
Financing Receivable Modifications Percentage of Performing TDRs to Total TDRs | 100.00% | ||
Troubled Debt Restructuring Reserve | $ 160,000 | $ 168,000 | |
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | $ 0 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |
Financing Receivable, Troubled Debt Restructuring, 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 | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Gross loans | $ 786,585 | $ 765,244 | $ 765,244 |
Less: Allowance for loan losses | (8,686) | (8,880) | (8,880) |
Loans, net | 777,899 | 756,364 | 756,364 |
Commercial Portfolio Segment [Member] | |||
Gross loans | 128,586 | 129,368 | 129,368 |
Less: Allowance for loan losses | (1,447) | (1,299) | |
Commercial Real Estate Portfolio Segment [Member] | |||
Gross loans | 332,202 | 336,981 | |
Less: Allowance for loan losses | (4,498) | (4,676) | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Gross loans | 63,135 | 86,867 | 86,867 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | |||
Gross loans | 77,545 | 77,937 | 77,937 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 191,522 | 172,177 | 172,177 |
Residential Portfolio Segment [Member] | |||
Gross loans | 229,994 | 225,518 | |
Less: Allowance for loan losses | (2,227) | (2,452) | |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | |||
Gross loans | 58,860 | 49,757 | 49,757 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 171,134 | 175,761 | 175,761 |
Consumer Portfolio Segment [Member] | |||
Gross loans | 57,837 | 39,104 | 39,104 |
Less: Allowance for loan losses | (159) | (130) | |
Agriculture Portfolio Segment [Member] | |||
Gross loans | 37,528 | 33,737 | 33,737 |
Less: Allowance for loan losses | (353) | (321) | |
Other Portfolio Segment [Member] | |||
Gross loans | 438 | 536 | $ 536 |
Less: Allowance for loan losses | $ (2) | $ (2) |
Note 3 - Loans - Activity in Al
Note 3 - Loans - Activity in Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Balance | $ 8,880 | $ 8,202 |
Provision for loan losses | ||
Loans charged off | (278) | (47) |
Recoveries | 84 | 371 |
Balance | 8,686 | 8,526 |
Commercial Portfolio Segment [Member] | ||
Balance | 1,299 | 892 |
Provision for loan losses | 143 | (55) |
Loans charged off | ||
Recoveries | 5 | 240 |
Balance | 1,447 | 1,077 |
Commercial Real Estate Portfolio Segment [Member] | ||
Balance | 4,676 | 4,032 |
Provision for loan losses | (165) | 63 |
Loans charged off | (15) | (1) |
Recoveries | 2 | 18 |
Balance | 4,498 | 4,112 |
Residential Portfolio Segment [Member] | ||
Balance | 2,452 | 2,900 |
Provision for loan losses | (204) | (116) |
Loans charged off | (82) | (19) |
Recoveries | 61 | 68 |
Balance | 2,227 | 2,833 |
Consumer Portfolio Segment [Member] | ||
Balance | 130 | 64 |
Provision for loan losses | 193 | 13 |
Loans charged off | (180) | (27) |
Recoveries | 16 | 34 |
Balance | 159 | 84 |
Agriculture Portfolio Segment [Member] | ||
Balance | 321 | 313 |
Provision for loan losses | 33 | 95 |
Loans charged off | (1) | |
Recoveries | 11 | |
Balance | 353 | 419 |
Other Portfolio Segment [Member] | ||
Balance | 2 | 1 |
Provision for loan losses | ||
Loans charged off | ||
Recoveries | ||
Balance | $ 2 | $ 1 |
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 | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Individually evaluated for impairment | $ 193 | $ 203 | |
Collectively evaluated for impairment | 8,493 | 8,677 | |
Total ending allowance balance | 8,686 | 8,880 | $ 8,880 |
Loans individually evaluated for impairment | 2,834 | 2,911 | |
Loans collectively evaluated for impairment | 783,751 | 762,333 | |
Total ending loans balance | 786,585 | 765,244 | 765,244 |
Commercial Portfolio Segment [Member] | |||
Individually evaluated for impairment | |||
Collectively evaluated for impairment | 1,447 | 1,299 | |
Total ending allowance balance | 1,447 | 1,299 | |
Loans individually evaluated for impairment | 50 | 53 | |
Loans collectively evaluated for impairment | 128,536 | 129,315 | |
Total ending loans balance | 128,586 | 129,368 | 129,368 |
Commercial Real Estate Portfolio Segment [Member] | |||
Individually evaluated for impairment | 33 | 35 | |
Collectively evaluated for impairment | 4,465 | 4,641 | |
Total ending allowance balance | 4,498 | 4,676 | |
Loans individually evaluated for impairment | 516 | 510 | |
Loans collectively evaluated for impairment | 331,686 | 336,471 | |
Total ending loans balance | 332,202 | 336,981 | |
Residential Portfolio Segment [Member] | |||
Individually evaluated for impairment | 160 | 168 | |
Collectively evaluated for impairment | 2,067 | 2,284 | |
Total ending allowance balance | 2,227 | 2,452 | |
Loans individually evaluated for impairment | 2,175 | 2,348 | |
Loans collectively evaluated for impairment | 227,819 | 223,170 | |
Total ending loans balance | 229,994 | 225,518 | |
Consumer Portfolio Segment [Member] | |||
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 159 | 130 | |
Total ending allowance balance | 159 | 130 | |
Loans individually evaluated for impairment | 28 | ||
Loans collectively evaluated for impairment | 57,809 | 39,104 | |
Total ending loans balance | 57,837 | 39,104 | 39,104 |
Agriculture Portfolio Segment [Member] | |||
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 353 | 321 | |
Total ending allowance balance | 353 | 321 | |
Loans individually evaluated for impairment | 65 | 0 | |
Loans collectively evaluated for impairment | 37,463 | 33,737 | |
Total ending loans balance | 37,528 | 33,737 | 33,737 |
Other Portfolio Segment [Member] | |||
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 2 | 2 | |
Total ending allowance balance | 2 | 2 | |
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 438 | 536 | |
Total ending loans balance | $ 438 | $ 536 | $ 536 |
Note 3 - Loans - Loans Individu
Note 3 - Loans - Loans Individually Evaluated for Impairment by Class of Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Unpaid principal balance, with no related allowance recorded | $ 3,928 | $ 5,072 | |
Recorded investment, with no related allowance recorded | 1,961 | 2,032 | |
Average recorded investment, with no related allowance recorded | 1,996 | $ 5,058 | |
Interest income recognized, with no related allowance recorded | 30 | 211 | |
Cash basis interest income recognized, with no related allowance recorded | 30 | 206 | |
Unpaid principal balance, with an allowance recorded | 873 | 879 | |
Recorded investment, with an allowance recorded | 873 | 879 | |
Allowance for loan losses allocated, with an allowance recorded | 193 | 203 | |
Average recorded investment, with an allowance recorded | 877 | 1,416 | |
Interest income recognized, with an allowance recorded | 11 | 18 | |
Cash basis interest income recognized, with an allowance recorded | |||
Unpaid principal balance, total | 4,801 | 5,951 | |
Recorded investment, total | 2,834 | 2,911 | |
Average recorded investment, total | 2,873 | 6,474 | |
Interest income recognized, total | 41 | 229 | |
Cash basis interest income recognized | 30 | 206 | |
Commercial Portfolio Segment [Member] | |||
Unpaid principal balance, with no related allowance recorded | 116 | 120 | |
Recorded investment, with no related allowance recorded | 50 | 53 | |
Average recorded investment, with no related allowance recorded | 52 | 253 | |
Interest income recognized, with no related allowance recorded | |||
Cash basis 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 | 100 | ||
Interest income recognized, with an allowance recorded | 2 | ||
Cash basis interest income recognized, with an allowance recorded | |||
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 | |||
Cash basis interest income recognized, with no related allowance recorded | |||
Unpaid principal balance, with an allowance recorded | 0 | 0 | |
Recorded investment, with an allowance recorded | 0 | 0 | |
Allowance for loan losses allocated, with an allowance recorded | 0 | 0 | |
Average recorded investment, with an allowance recorded | 0 | 0 | |
Interest income recognized, with an allowance recorded | 0 | 0 | |
Cash basis 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 | 249 | 1,860 | |
Recorded investment, with no related allowance recorded | 107 | 89 | |
Average recorded investment, with no related allowance recorded | 98 | 1,872 | |
Interest income recognized, with no related allowance recorded | 5 | 198 | |
Cash basis interest income recognized, with no related allowance recorded | 5 | 198 | |
Unpaid principal balance, with an allowance recorded | 157 | ||
Recorded investment, with an allowance recorded | 157 | ||
Allowance for loan losses allocated, with an allowance recorded | 33 | ||
Average recorded investment, with an allowance recorded | 158 | ||
Interest income recognized, with an allowance recorded | 0 | ||
Cash basis interest income recognized, with an allowance recorded | |||
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | |||
Unpaid principal balance, with no related allowance recorded | 712 | 402 | |
Recorded investment, with no related allowance recorded | 252 | 262 | |
Average recorded investment, with no related allowance recorded | 256 | 427 | |
Interest income recognized, with no related allowance recorded | 3 | 5 | |
Cash basis interest income recognized, with no related allowance recorded | 3 | ||
Unpaid principal balance, with an allowance recorded | 159 | ||
Recorded investment, with an allowance recorded | 159 | ||
Allowance for loan losses allocated, with an allowance recorded | 35 | ||
Average recorded investment, with an allowance recorded | |||
Interest income recognized, with an allowance recorded | |||
Cash basis interest income recognized, with an allowance recorded | |||
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 | |||
Interest income recognized, with no related allowance recorded | |||
Cash basis 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 | |||
Cash basis interest income recognized, with an allowance recorded | |||
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | |||
Unpaid principal balance, with no related allowance recorded | 2,578 | 2,678 | |
Recorded investment, with no related allowance recorded | 1,459 | 1,628 | |
Average recorded investment, with no related allowance recorded | 1,544 | 2,505 | |
Interest income recognized, with no related allowance recorded | 22 | 8 | |
Cash basis interest income recognized, with no related allowance recorded | 22 | 8 | |
Unpaid principal balance, with an allowance recorded | 716 | 720 | |
Recorded investment, with an allowance recorded | 716 | 720 | |
Allowance for loan losses allocated, with an allowance recorded | 160 | 168 | |
Average recorded investment, with an allowance recorded | 719 | 1,316 | |
Interest income recognized, with an allowance recorded | 11 | 16 | |
Cash basis interest income recognized, with an allowance recorded | |||
Consumer Portfolio Segment [Member] | |||
Unpaid principal balance, with no related allowance recorded | 208 | 12 | |
Recorded investment, with no related allowance recorded | 28 | ||
Average recorded investment, with no related allowance recorded | 14 | 1 | |
Interest income recognized, with no related allowance recorded | |||
Cash basis interest income recognized, with no related allowance recorded | |||
Unpaid principal balance, with an allowance recorded | 0 | 0 | |
Recorded investment, with an allowance recorded | 0 | 0 | |
Allowance for loan losses allocated, with an allowance recorded | 0 | 0 | |
Average recorded investment, with an allowance recorded | |||
Interest income recognized, with an allowance recorded | 0 | 0 | |
Cash basis interest income recognized, with an allowance recorded | 0 | 0 | |
Agriculture Portfolio Segment [Member] | |||
Unpaid principal balance, with no related allowance recorded | 65 | ||
Recorded investment, with no related allowance recorded | 65 | ||
Average recorded investment, with no related allowance recorded | 32 | ||
Interest income recognized, with no related allowance recorded | |||
Cash basis 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 | 0 | 0 | |
Cash basis interest income recognized, with an allowance recorded | |||
Other Portfolio Segment [Member] | |||
Unpaid principal balance, with no related allowance recorded | 0 | 0 | |
Recorded investment, with no related allowance recorded | 0 | 0 | |
Average recorded investment, with no related allowance recorded | |||
Interest income recognized, with no related allowance recorded | |||
Cash basis interest income recognized, with no related allowance recorded | |||
Unpaid principal balance, with an allowance recorded | 0 | 0 | |
Recorded investment, with an allowance recorded | 0 | 0 | |
Allowance for loan losses allocated, with an allowance recorded | 0 | $ 0 | |
Average recorded investment, with an allowance recorded | 0 | 0 | |
Interest income recognized, with an allowance recorded | 0 | 0 | |
Cash basis 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 | Mar. 31, 2019 | Dec. 31, 2018 |
Troubled debt restructuring | $ 910 | $ 910 |
Performing Financial Instruments [Member] | ||
Troubled debt restructuring | 910 | 910 |
Nonperforming Financial Instruments [Member] | ||
Troubled debt restructuring | ||
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 190 | 190 |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 190 | 190 |
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | ||
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 720 | |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 720 | |
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | $ 0 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | 720 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Performing Financial Instruments [Member] | One- to Four-family Residential Properties [Member] | ||
Troubled debt restructuring | 720 | |
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | Nonperforming Financial Instruments [Member] | Nonfarm Nonresidential [Member] | ||
Troubled debt restructuring | $ 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 | Mar. 31, 2019 | Dec. 31, 2018 |
Nonaccrual | $ 1,921 | $ 1,991 |
Loans Past Due 90 Days and Over Still Accruing | 0 | |
Commercial Portfolio Segment [Member] | ||
Nonaccrual | 50 | 53 |
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 | 264 | 249 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Nonaccrual | 55 | 61 |
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 | 1,459 | 1,628 |
Loans Past Due 90 Days and Over Still Accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Nonaccrual | 28 | |
Loans Past Due 90 Days and Over Still Accruing | 0 | |
Agriculture Portfolio Segment [Member] | ||
Nonaccrual | 65 | 0 |
Loans Past Due 90 Days and Over Still Accruing | 0 | |
Other Portfolio Segment [Member] | ||
Nonaccrual | 0 | 0 |
Loans Past Due 90 Days and Over Still Accruing | $ 0 | $ 0 |
Note 3 - Loans - Aging of Recor
Note 3 - Loans - Aging of Recorded Investment in Past Due Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Nonaccrual | $ 1,921 | $ 1,991 |
Total past due and nonaccrual | 4,162 | 3,915 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 2,001 | 1,593 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 240 | 331 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 0 | |
Commercial Portfolio Segment [Member] | ||
Nonaccrual | 50 | 53 |
Total past due and nonaccrual | 89 | 92 |
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 39 | 39 |
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or 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 | 264 | 249 |
Total past due and nonaccrual | 547 | 600 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Nonaccrual | 55 | 61 |
Total past due and nonaccrual | 55 | 113 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Farmland Loans [Member] | ||
Past due | 120 | 244 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Nonfarm Nonresidential [Member] | ||
Past due | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Farmland Loans [Member] | ||
Past due | 163 | 107 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Nonfarm Nonresidential [Member] | ||
Past due | 52 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Farmland Loans [Member] | ||
Past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or 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 | 209 | 0 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Nonaccrual | 1,459 | 1,628 |
Total past due and nonaccrual | 3,116 | 3,064 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Multifamily Loans [Member] | ||
Past due | 209 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | One- to Four-family Residential Properties [Member] | ||
Past due | 1,583 | 1,299 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Multifamily Loans [Member] | ||
Past due | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | One- to Four-family Residential Properties [Member] | ||
Past due | 74 | 137 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Multifamily Loans [Member] | ||
Past due | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | One- to Four-family Residential Properties [Member] | ||
Past due | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Nonaccrual | 28 | |
Total past due and nonaccrual | 28 | 43 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 8 | |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 35 | |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 0 | |
Agriculture Portfolio Segment [Member] | ||
Nonaccrual | 65 | 0 |
Total past due and nonaccrual | 118 | 3 |
Agriculture Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 50 | 3 |
Agriculture Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 3 | 0 |
Agriculture Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Past due | 0 | |
Other Portfolio Segment [Member] | ||
Nonaccrual | 0 | 0 |
Total past due and nonaccrual | 0 | 0 |
Other Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Past due | 0 | 0 |
Other Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Past due | 0 | 0 |
Other Portfolio Segment [Member] | Financial Asset, Equal to or 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 | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Gross loans | $ 786,585 | $ 765,244 | $ 765,244 |
Pass [Member] | |||
Gross loans | 756,493 | 745,604 | |
Watch [Member] | |||
Gross loans | 17,412 | 13,164 | |
Special Mention [Member] | |||
Gross loans | 113 | ||
Substandard [Member] | |||
Gross loans | 12,680 | 6,363 | |
Doubtful [Member] | |||
Gross loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | |||
Gross loans | 128,586 | 129,368 | 129,368 |
Commercial Portfolio Segment [Member] | Pass [Member] | |||
Gross loans | 123,957 | 129,106 | |
Commercial Portfolio Segment [Member] | Watch [Member] | |||
Gross loans | 124 | 141 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||
Gross loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | |||
Gross loans | 4,505 | 121 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | |||
Gross loans | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Gross loans | 332,202 | 336,981 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Gross loans | 63,135 | 86,867 | 86,867 |
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | |||
Gross loans | 77,545 | 77,937 | 77,937 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 191,522 | 172,177 | 172,177 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | |||
Gross loans | 63,135 | 86,867 | |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Farmland Loans [Member] | |||
Gross loans | 72,251 | 74,054 | |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 183,717 | 169,551 | |
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 | 4,220 | 2,741 | |
Commercial Real Estate Portfolio Segment [Member] | Watch [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 5,025 | 1,983 | |
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 | 1,074 | 1,142 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Nonfarm Nonresidential [Member] | |||
Gross loans | 2,780 | 643 | |
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 | 229,994 | 225,518 | |
Residential Portfolio Segment [Member] | Multifamily Loans [Member] | |||
Gross loans | 58,860 | 49,757 | 49,757 |
Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 171,134 | 175,761 | 175,761 |
Residential Portfolio Segment [Member] | Pass [Member] | Multifamily Loans [Member] | |||
Gross loans | 54,258 | 44,697 | |
Residential Portfolio Segment [Member] | Pass [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 164,604 | 169,342 | |
Residential Portfolio Segment [Member] | Watch [Member] | Multifamily Loans [Member] | |||
Gross loans | 4,393 | 5,060 | |
Residential Portfolio Segment [Member] | Watch [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 2,620 | 2,209 | |
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 | 113 | ||
Residential Portfolio Segment [Member] | Substandard [Member] | Multifamily Loans [Member] | |||
Gross loans | 209 | 0 | |
Residential Portfolio Segment [Member] | Substandard [Member] | One- to Four-family Residential Properties [Member] | |||
Gross loans | 3,910 | 4,097 | |
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 | 57,837 | 39,104 | 39,104 |
Consumer Portfolio Segment [Member] | Pass [Member] | |||
Gross loans | 57,726 | 38,768 | |
Consumer Portfolio Segment [Member] | Watch [Member] | |||
Gross loans | 9 | 11 | |
Consumer Portfolio Segment [Member] | Special Mention [Member] | |||
Gross loans | 0 | 0 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | |||
Gross loans | 102 | 325 | |
Consumer Portfolio Segment [Member] | Doubtful [Member] | |||
Gross loans | 0 | 0 | |
Agriculture Portfolio Segment [Member] | |||
Gross loans | 37,528 | 33,737 | 33,737 |
Agriculture Portfolio Segment [Member] | Pass [Member] | |||
Gross loans | 36,407 | 32,683 | |
Agriculture Portfolio Segment [Member] | Watch [Member] | |||
Gross loans | 1,021 | 1,019 | |
Agriculture Portfolio Segment [Member] | Special Mention [Member] | |||
Gross loans | 0 | 0 | |
Agriculture Portfolio Segment [Member] | Substandard [Member] | |||
Gross loans | 100 | 35 | |
Agriculture Portfolio Segment [Member] | Doubtful [Member] | |||
Gross loans | 0 | 0 | |
Other Portfolio Segment [Member] | |||
Gross loans | 438 | 536 | $ 536 |
Other Portfolio Segment [Member] | Pass [Member] | |||
Gross loans | 438 | 536 | |
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 ($) | Mar. 31, 2019 | Dec. 31, 2018 |
One- to Four-family Residential Properties [Member] | ||
Mortgage Loans in Process of Foreclosure, Amount | $ 770,000 | $ 771,000 |
Note 4 - Other Real Estate Ow_4
Note 4 - Other Real Estate Owned - Major Categories of OREO (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 |
Other real estate owned, gross | $ 3,335 | $ 3,485 |
Commercial Real Estate Portfolio Segment [Member] | Construction, Land Development, and Other Land Loans [Member] | ||
Other real estate owned, gross | $ 3,335 | $ 3,485 |
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 | |
Mar. 31, 2019 | Mar. 31, 2018 | |
OREO Activity | ||
OREO | $ 3,485 | $ 4,409 |
Real estate acquired | 110 | |
Valuation adjustment write-downs | (150) | (60) |
Net gain (loss) on sales | (4) | |
Proceeds from sales of properties | (70) | |
OREO | $ 3,335 | $ 4,385 |
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 | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net loss (gain) on sales of other real estate owned | $ 4 | |
Valuation adjustment write-downs | 150 | 60 |
Operating expense | 16 | 18 |
Total | $ 166 | $ 82 |
Note 5 - Deposits (Details Text
Note 5 - Deposits (Details Textual) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Time Deposits, at or Above FDIC Insurance Limit | $ 29.3 | $ 28.1 |
Note 5 - Deposits - Deposit Bal
Note 5 - Deposits - Deposit Balances by Category (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Non-interest bearing | $ 146,440 | $ 142,618 |
Interest checking | 96,537 | 94,269 |
Money market | 166,430 | 171,924 |
Savings | 34,066 | 34,534 |
Certificates of deposit | 465,369 | 450,886 |
Total | $ 908,842 | $ 894,231 |
Note 5 - Deposits - Maturities
Note 5 - Deposits - Maturities of Time Deposits (Details) $ in Thousands | Mar. 31, 2019USD ($) |
Year 1 | $ 362,344 |
Year 2 | 73,866 |
Year 3 | 10,084 |
Year 4 | 8,307 |
Year 5 | 10,458 |
Thereafter | 310 |
$ 465,369 |
Note 6 - Advances From The Fe_3
Note 6 - Advances From The Federal Home Loan Bank (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Federal Home Loan Bank, Advances, Weighted Average Interest Rate | 2.50% | 2.45% |
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 | 128,100 | $ 130,400 |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | $ 39,800 |
Note 6 - Advances From Federal
Note 6 - Advances From Federal Home Loan Bank - Advances From the Federal Home Loan Bank (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Short term advances (fixed rates 2.52% to 2.58%) maturing April 2019 | $ 50,000 | $ 45,000 |
Long term advances (fixed rates 0.00% to 5.24%) maturing April 2020 to August 2033 | 1,511 | 1,549 |
$ 51,511 | $ 46,549 |
Note 6 - Advances From Federa_2
Note 6 - Advances From Federal Home Loan Bank - Advances From the Federal Home Loan Bank (Details) (Parentheticals) | Mar. 31, 2019 | Dec. 31, 2018 |
Minimum [Member] | ||
Short-term advances from the FHLB, fixed rate | 2.52% | 2.52% |
Long term advances from the FHLB, fixed rate | 0.00% | 0.00% |
Maximum [Member] | ||
Short-term advances from the FHLB, fixed rate | 2.58% | 2.58% |
Long term advances from the FHLB, fixed rate | 5.24% | 5.24% |
Note 6 - Advances From Federa_3
Note 6 - Advances From Federal Home Loan Bank - Principal Payments on Advances From Federal Home Loan Bank (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Year 1 | $ 50,502 | |
Year 2 | 748 | |
Year 3 | 98 | |
Year 4 | 99 | |
Year 5 | 42 | |
Thereafter | 22 | |
$ 51,511 | $ 46,549 |
Note 7 - Senior Debt (Details T
Note 7 - Senior Debt (Details Textual) - Senior Notes [Member] - USD ($) | 3 Months Ended | 48 Months Ended |
Mar. 31, 2019 | Jun. 30, 2022 | |
Debt Instrument, Face Amount | $ 10,000,000 | |
Debt Instrument, Periodic Payment, Principal | $ 250,000 | |
Subsidiaries [Member] | ||
Debt Instrument, Financial Covenants, Non-performing Assets to Total Assets, Percentage, Minimum | 2.50% | |
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% | |
Forecast [Member] | Subsidiaries [Member] | ||
Debt Instrument, Financial Convenants, Minimum Risk Based Capital to Risk Weighted Assets | 11.00% | |
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 | 12 Months Ended | |
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | Dec. 31, 2018USD ($) | |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $ 873,000 | $ 879,000 | |
Impaired Financing Receivable, Related Allowance | 193,000 | 203,000 | |
Other Repossessed Assets | 3,300,000 | 3,500,000 | |
Real Estate Owned, Valuation Allowance, Amounts Applied | 150,000 | $ 60,000 | |
Impaired Loans [Member] | |||
Impaired Financing Receivable, Related Allowance | 193,000 | 282,000 | 203,000 |
Impaired Financing Receivable Provision for Loan Losses | 0 | 63,000 | 0 |
Measured for Impairment Using Fair Value of Collateral [Member] | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $ 873,000 | $ 1,600,000 | $ 879,000 |
Measurement Input, Discount Rate [Member] | Minimum [Member] | |||
Impaired Loans, Measurement Input | 0.1 | ||
Measurement Input, Discount Rate [Member] | Maximum [Member] | |||
Impaired Loans, Measurement Input | 0.33 | ||
Measurement Input, Estimated Discount for Cost to Sell [Member] | Minimum [Member] | |||
Impaired Loans, Measurement Input | 0.06 | ||
Measurement Input, Estimated Discount for Cost to Sell [Member] | Maximum [Member] | |||
Impaired Loans, Measurement Input | 0.1 | ||
Routine Real Estate Collateral [Member] | Measurement Input, Discount Rate [Member] | |||
Impaired Loans, Measurement Input | 0.1 | ||
Thin Trading Market or Specialized Collateral [Member] | Measurement Input, Discount Rate [Member] | |||
Impaired Loans, Measurement Input | 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 | Mar. 31, 2019 | Dec. 31, 2018 |
Securities available for sale | $ 206,411 | $ 201,192 |
Recorded investment, total | 2,834 | 2,911 |
US Treasury and Government [Member] | ||
Securities available for sale | 23,953 | 22,560 |
Residential Mortgage Backed Securities [Member] | ||
Securities available for sale | 90,643 | 85,990 |
Collateralized Debt Obligations [Member] | ||
Securities available for sale | 49,713 | 49,839 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale | 32,059 | 32,812 |
Corporate Debt Securities [Member] | ||
Securities available for sale | 10,043 | 9,991 |
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | 124 | 124 |
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Farmland Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Farmland Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Farmland Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Nonfarm Nonresidential [Member] | ||
Recorded investment, total | 124 | 124 |
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | 556 | 552 |
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Multifamily Loans [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | One- to Four-family Residential Properties [Member] | ||
Recorded investment, total | 556 | 552 |
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Consumer Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Consumer Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Consumer Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Agriculture Portfolio Segment [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Agriculture Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Agriculture Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Agriculture Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Other Portfolio Segment [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Other Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Other Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Other Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recorded investment, total | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Other real-estate | 3,335 | 3,485 |
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Construction Loans [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Farmland Loans [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Construction Loans [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Farmland Loans [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Construction Loans [Member] | ||
Other real-estate | 3,335 | 3,485 |
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Farmland Loans [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Nonfarm Nonresidential [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Residential Portfolio Segment [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Residential Portfolio Segment [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Multifamily Loans [Member] | ||
Other real-estate | ||
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | One- to Four-family Residential Properties [Member] | ||
Other real-estate | ||
Fair Value, Recurring [Member] | ||
Securities available for sale | 206,411 | 201,192 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 206,411 | 201,192 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Securities available for sale | 23,953 | 22,560 |
Fair Value, Recurring [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 23,953 | 22,560 |
Fair Value, Recurring [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | ||
Securities available for sale | 90,643 | 85,990 |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 90,643 | 85,990 |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | ||
Securities available for sale | 49,713 | 49,839 |
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 49,713 | 49,839 |
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale | 32,059 | 32,812 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 32,059 | 32,812 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Securities available for sale | 10,043 | 9,991 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale | ||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale | 10,043 | 9,991 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale |
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, Nonrecurring [Member] $ in Thousands | Mar. 31, 2019USD ($) | Dec. 31, 2018USD ($) |
Valuation, Cost Approach [Member] | Commercial Real Estate Property [Member | ||
Other real estate owned, fair value | $ 3,335 | $ 3,485 |
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 | $ 556 | $ 552 |
Residential Portfolio Segment [Member] | Valuation, Cost Approach [Member] | Measurement Input, Comparability Adjustment [Member] | ||
Impaired loans, measurement input | ||
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 | (0.11) | (0.11) |
Note 8 - Fair Values Measurem_6
Note 8 - Fair Values Measurement - Carrying Amount and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Securities available for sale | $ 206,411 | $ 201,192 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 30,490 | 35,361 |
Securities available for sale | 206,411 | 201,192 |
Federal Home Loan Bank stock | 6,813 | 7,233 |
Loans, net | 777,899 | 756,364 |
Accrued interest receivable | 3,998 | 3,665 |
Deposits | 908,842 | 894,231 |
Federal Home Loan Bank advances | 51,511 | 46,549 |
Junior subordinated debentures | 21,000 | 21,000 |
Senior debt | 10,000 | 10,000 |
Accrued interest payable | 692 | 658 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 30,490 | 35,361 |
Securities available for sale | 206,411 | 201,192 |
Federal Home Loan Bank stock | ||
Loans, net | 773,191 | 744,076 |
Accrued interest receivable | 3,998 | 3,665 |
Deposits | 907,376 | 892,633 |
Federal Home Loan Bank advances | 51,493 | 46,519 |
Junior subordinated debentures | 17,040 | 16,226 |
Senior debt | 9,766 | 9,585 |
Accrued interest payable | 692 | 658 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 30,490 | 35,361 |
Securities available for sale | ||
Federal Home Loan Bank stock | ||
Loans, net | ||
Accrued interest receivable | ||
Deposits | 146,440 | 142,618 |
Federal Home Loan Bank advances | ||
Junior subordinated debentures | ||
Senior debt | ||
Accrued interest payable | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Securities available for sale | 206,411 | 201,192 |
Federal Home Loan Bank stock | ||
Loans, net | ||
Accrued interest receivable | 1,221 | 1,222 |
Deposits | 760,936 | 750,015 |
Federal Home Loan Bank advances | 51,493 | 46,519 |
Junior subordinated debentures | ||
Senior debt | ||
Accrued interest payable | 633 | 598 |
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 | 773,191 | 744,076 |
Accrued interest receivable | 2,777 | 2,443 |
Deposits | ||
Federal Home Loan Bank advances | ||
Junior subordinated debentures | 17,040 | 16,226 |
Senior debt | 9,766 | 9,585 |
Accrued interest payable | $ 59 | $ 60 |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | ||||
Jun. 30, 2019 | Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | Jul. 10, 2015 | |
Operating Loss Carryforwards, Total | $ 111,000,000 | ||||
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | 173,000 | $ 346,000 | |||
Unrecognized Tax Benefits, Ending Balance | 0 | $ 0 | |||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total | $ 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 | ||||
State and Local Jurisdiction [Member] | |||||
Operating Loss Carryforwards, Total | $ 28,500,000 | ||||
State and Local Jurisdiction [Member] | Forecast [Member] | |||||
Income Tax Expense (Benefit) From NOL | $ 1,200,000 | ||||
Income Tax Expense (Benefit) From NOL, Per Share | $ 0.16 | ||||
Other Assets [Member] | |||||
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | 173,000 | ||||
KENTUCKY | |||||
Deferred Tax Assets, State Taxes | $ 341,000 | ||||
State Franchise Tax, Percent | 1.10% | ||||
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent | 5.00% |
Note 9 - Income Taxes - Deferre
Note 9 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Deferred tax assets: | ||
Net operating loss carry-forward | $ 24,486 | $ 23,390 |
Allowance for loan losses | 2,167 | 1,865 |
OREO write-down | 2,642 | 2,611 |
Alternative minimum tax credit carry-forward | 173 | 346 |
Net assets from acquisitions | 303 | 290 |
Net unrealized loss on securities | 114 | 515 |
New market tax credit carry-forward | 208 | 208 |
Nonaccrual loan interest | 285 | 235 |
Accrued expenses | 161 | 239 |
Deferred compensation | 267 | |
Other | 199 | 241 |
30,738 | 30,207 | |
Deferred tax liabilities: | ||
FHLB stock dividends | 615 | 557 |
Fixed assets | 87 | 94 |
Deferred loan costs | 159 | 136 |
Other | 137 | 138 |
998 | 925 | |
Net deferred tax assets before valuation allowance | 29,740 | 29,282 |
Valuation allowance | (1,172) | |
Net deferred tax asset | $ 28,568 | $ 29,282 |
Note 10 - Stock Plans and Sto_3
Note 10 - Stock Plans and Stock Based Compensation (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Nonvested Intrinsic Value1 | $ 292,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 14.53 | ||
Share-based Payment Arrangement, Noncash Expense, Total | $ 82,000 | $ 64,000 | |
Share-based Payment Arrangement, Expense, Tax Benefit | $ 17,000 | $ 13,000 | |
2018 Omnibus Equity Compensation Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 304,886 | ||
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 | $ 14.53 | $ 13.94 | |
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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Granted, weighted average grant price (in dollars per share) | $ 14.53 | |
2018 Omnibus Equity Compensation Plan [Member] | ||
Outstanding, beginning (in shares) | 116,909 | 142,334 |
Outstanding, weighted average grant price (in dollars per share) | $ 8.69 | $ 5.67 |
Granted (in shares) | 20,108 | 52,856 |
Granted, weighted average grant price (in dollars per share) | $ 14.53 | $ 13.94 |
Vested (in shares) | (60,360) | (78,281) |
Vested, weighted average grant price (in dollars per share) | $ 5.03 | $ 6.75 |
Forfeited (in shares) | (3,748) | |
Forfeited, weighted average grant price (in dollars per share) | $ 12.94 | |
Outstanding, ending (in shares) | 72,909 | 116,909 |
Outstanding, weighted average grant price (in dollars per share) | $ 13.11 | $ 8.69 |
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 | Mar. 31, 2019USD ($) |
April 2019 – December 2019 | $ 274 |
2020 | 296 |
2021 | 182 |
2022 | $ 11 |
Note 11 - Earnings Per Share (D
Note 11 - Earnings Per Share (Details Textual) - $ / shares | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2019 | |
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 | |
Common Stock [Member] | Warrant [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 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 | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net income | $ 2,839 | $ 1,934 |
Earnings allocated to unvested shares | 36 | 34 |
Net income available to common shareholders, basic and diluted | $ 2,803 | $ 1,900 |
Basic | ||
Weighted average common shares including unvested common shares outstanding (in shares) | 7,469,912 | 6,285,420 |
Weighted average shares outstanding (in shares) | 7,375,003 | 6,173,397 |
Basic income per common share (in dollars per share) | $ 0.38 | $ 0.31 |
Diluted | ||
Add: Dilutive effects of assumed exercises of common stock warrants (in shares) | ||
Weighted average common shares and potential common shares (in shares) | 7,375,003 | 6,173,397 |
Diluted income per common share (in dollars per share) | $ 0.38 | $ 0.31 |
Unvested Shares [Member] | ||
Basic | ||
Weighted average shares outstanding (in shares) | 94,909 | 112,023 |
Note 12 - Regulatory Capital _3
Note 12 - Regulatory Capital Matters (Details Textual) - USD ($) $ in Billions | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2019 | |
Maximum Asset for Opt Out Requirement in Capital Calculation | $ 250 | ||
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 | 6.00% | 6.00% | 8.50% |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% | 10.50% |
Capital Conservation Buffer, Annual Phase-In | 2.50% | 1.875% |
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 | Mar. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Total risk-based capital to risk-weighted assets, actual amount | $ 112,779 | $ 109,309 | |
Total risk-based capital to risk-weighted assets, actual ratio | 13.01% | 12.88% | |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 69,329 | $ 67,920 | |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 8.00% | 10.50% | 8.00% |
Total risk-based capital to risk-weighted assets, for minimum requirements to be well capitalized, amount | $ 86,661 | $ 84,900 | |
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 | $ 104,093 | $ 100,429 | |
Tier I capital to risk-weighted assets, actual ratio | 12.01% | 11.83% | |
Tier I capital to risk-weighted assets, for capital adequacy purposes, amount | $ 51,997 | $ 50,940 | |
Tier I capital to risk-weighted assets, for capital adequacy purposes, ratio | 6.00% | 8.50% | 6.00% |
Tier I capital to risk-weighted assets, for minimum requirements to be well capitalized, amount | $ 69,329 | $ 67,920 | |
Tier I capital to risk-weighted assets, for minimum requirements to be well capitalized, ratio | 8.00% | 8.00% | |
Tier 1 capital (to average assets), actual amount | $ 104,093 | $ 100,429 | |
Tier 1 capital (to average assets), actual ratio | 9.88% | 9.60% | |
Tier 1 capital (to average assets), for capital adequacy purposes, amount | $ 42,149 | $ 41,837 | |
Tier 1 capital (to average assets), for capital adequacy purposes, ratio | 4.00% | 4.00% | |
Tier 1 capital (to average assets), for minimum requirements to be well capitalized, amount | $ 52,686 | $ 52,297 | |
Tier 1 capital (to average assets), for minimum requirements to be well capitalized, ratio | 5.00% | 5.00% | |
PBI Bank [Member] | |||
Total risk-based capital to risk-weighted assets, actual amount | $ 104,093 | $ 100,429 | |
Total risk-based capital to risk-weighted assets, actual ratio | 12.01% | 11.83% | |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, amount | $ 38,997 | $ 38,205 | |
Total risk-based capital to risk-weighted assets, for capital adequacy purposes, ratio | 4.50% | 4.50% | |
Total risk-based capital to risk-weighted assets, for minimum requirements to be well capitalized, amount | $ 56,330 | $ 55,185 | |
Total risk-based capital to risk-weighted assets, for minimum requirements to be well capitalized, ratio | 6.50% | 6.50% |
Note 13 - Off Balance Sheet R_3
Note 13 - Off Balance Sheet Risks, Commitments, and Contingent Liabilities (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Dec. 31, 2018 | |
Commitments Period | 1 year | |
Risk Participation Agreement [Member] | ||
Derivative, Notional Amount | $ 26,600 | $ 26,600 |
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 | Mar. 31, 2019 | Dec. 31, 2018 |
Fixed Rate [Member] | Commitments to Make Loans [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | $ 3,295 | $ 5,317 |
Fixed Rate [Member] | Unused lines of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 11,333 | 7,410 |
Fixed Rate [Member] | Standby Letters of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 541 | 541 |
Variable Rate [Member] | Commitments to Make Loans [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 11,460 | 11,236 |
Variable Rate [Member] | Unused lines of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | 75,070 | 73,024 |
Variable Rate [Member] | Standby Letters of Credit [Member] | ||
Financial Instrument off Balance Sheet Risk, Amount | $ 1,752 | $ 1,752 |
Note 14 - Revenue From Contra_2
Note 14 - Revenue From Contracts With Customers (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Other Non-interest Income [Member] | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 136,000 | $ 130,000 |