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: 2020 2019 (in thousands) Commercial (1) $ 208,244 $ 145,551 Commercial Real Estate: Construction 92,916 64,911 Farmland 70,272 79,118 Nonfarm nonresidential 266,394 255,459 Residential Real Estate: Multi-family 61,180 70,950 1-4 Family 188,955 226,629 Consumer 31,429 47,790 Agriculture 42,044 35,064 Other 647 799 Subtotal 962,081 926,271 Less: Allowance for loan losses (12,443 ) (8,376 ) Loans, net $ 949,638 $ 917,895 ( 1 Includes PPP loans of $20.3 million at December 31, 2020. The following table presents the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2020, 2019, 2018: Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) December 31, 2020: Beginning balance $ 1,710 $ 4,080 $ 1,743 $ 485 $ 355 $ 3 $ 8,376 Provision (negative provision) 822 2,870 135 324 261 (12 ) 4,400 Loans charged off (32 ) (101 ) (130 ) (493 ) (46 ) – (802 ) Recoveries 29 201 151 45 30 13 469 Ending balance $ 2,529 $ 7,050 $ 1,899 $ 361 $ 600 $ 4 $ 12,443 Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) December 31, 2019: Beginning balance $ 1,299 $ 4,676 $ 2,452 $ 130 $ 321 $ 2 $ 8,880 Provision (negative provision) 342 (622 ) (958 ) 943 297 (2 ) – Loans charged off (37 ) (47 ) (275 ) (663 ) (266 ) – (1,288 ) Recoveries 106 73 524 75 3 3 784 Ending balance $ 1,710 $ 4,080 $ 1,743 $ 485 $ 355 $ 3 $ 8,376 Commercial Commercial Real Estate Residential Real Estate Consumer Agriculture Other Total (in thousands) December 31, 2018: Beginning balance $ 892 $ 4,032 $ 2,900 $ 64 $ 313 $ 1 $ 8,202 Provision (negative provision) 196 (192 ) (599 ) 92 6 (3 ) (500 ) Loans charged off (50 ) (198 ) (252 ) (95 ) (13 ) (8 ) (616 ) Recoveries 261 1,034 403 69 15 12 1,794 Ending balance $ 1,299 $ 4,676 $ 2,452 $ 130 $ 321 $ 2 $ 8,880 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, 2020: 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 $ – $ 2,176 $ 1 $ – $ – $ – $ 2,177 Collectively evaluated for impairment 2,529 4,874 1,898 361 600 4 10,266 Total ending allowance balance $ 2,529 $ 7,050 $ 1,899 $ 361 $ 600 $ 4 $ 12,443 Loans: Loans individually evaluated for impairment $ – $ 5,361 $ 1,060 $ – $ 91 $ – $ 6,512 Loans collectively evaluated for impairment 208,244 424,221 249,075 31,429 41,953 647 955,569 Total ending loans balance $ 208,244 $ 429,582 $ 250,135 $ 31,429 $ 42,044 $ 647 $ 962,081 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, 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 $ 3 $ 37 $ 2 $ – $ – $ – $ 42 Collectively evaluated for impairment 1,707 4,043 1,741 485 355 3 8,334 Total ending allowance balance $ 1,710 $ 4,080 $ 1,743 $ 485 $ 355 $ 3 $ 8,376 Loans: Loans individually evaluated for impairment $ 74 $ 1,064 $ 892 $ 98 $ 42 $ – $ 2,170 Loans collectively evaluated for impairment 145,477 398,424 296,687 47,692 35,022 799 924,101 Total ending loans balance $ 145,551 $ 399,488 $ 297,579 $ 47,790 $ 35,064 $ 799 $ 926,271 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 table presents information related to loans individually evaluated for impairment by class of loan as of and for the year ended December 31, 2020: 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 $ 308 $ — $ — $ 82 $ 16 $ 16 Commercial real estate: Construction — — — — — — Farmland 555 456 — 326 45 45 Nonfarm nonresidential 1,323 549 — 501 44 15 Residential real estate: Multi-family — — — — — — 1-4 Family 1,883 954 — 894 86 83 Consumer 259 — — 55 3 3 Agriculture 393 91 — 27 — — Other — — — — — — Subtotal 4,721 2,050 — 1,885 194 162 With An Allowance Recorded: Commercial — — — 5 — — Commercial real estate: Construction — — — — — — Farmland — — — 198 4 — Nonfarm nonresidential 6,465 4,356 2,176 901 263 — Residential real estate: Multi-family — — — — — — 1-4 Family 106 106 1 102 9 — Consumer — — — — — — Agriculture — — — — — — Other — — — — — — Subtotal 6,571 4,462 2,177 1,206 276 — Total $ 11,292 $ 6,512 $ 2,177 $ 3,091 $ 470 $ 162 The following table presents information related to loans individually evaluated for impairment by class of loan as of and for the year ended December 31, 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 $ 138 $ 50 $ — $ 57 $ 3 $ 3 Commercial real estate: Construction — — — — — — Farmland 380 293 — 179 23 23 Nonfarm nonresidential 1,057 489 — 295 34 3 Residential real estate: Multi-family — — — — — — 1-4 Family 1,679 745 — 1,402 219 191 Consumer 309 98 — 56 6 6 Agriculture 304 42 — 47 3 3 Other — — — — — — Subtotal 3,867 1,717 — 2,036 288 229 With An Allowance Recorded: Commercial 24 24 3 15 2 — Commercial real estate: Construction — — — — — — Farmland 282 282 37 236 9 — Nonfarm nonresidential — — — — — — Residential real estate: Multi-family — — — — — — 1-4 Family 183 147 2 459 6 — Consumer — — — — — — Agriculture — — — — — — Other — — — — — — Subtotal 489 453 42 710 17 — Total $ 4,356 $ 2,170 $ 42 $ 2,746 $ 305 $ 229 The following table presents information related to loans individually evaluated for impairment by class of loan as of and for the year ended December 31, 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 $ — $ 125 $ — $ — Commercial real estate: Construction — — — — — — Farmland 1,860 89 — 1,156 360 360 Nonfarm nonresidential 402 262 — 327 19 — Residential real estate: Multi-family — — — — — — 1-4 Family 2,678 1,628 — 1,964 — — Consumer 12 — — 1 — — Agriculture — — — — — — Other — — — — — — Subtotal 5,072 2,032 — 3,573 379 360 With An Allowance Recorded: Commercial — — — 60 3 — Commercial real estate: Construction — — — — — — Farmland — — — — — — Nonfarm nonresidential 159 159 35 100 — — Residential real estate: Multi-family — — — — — — 1-4 Family 720 720 168 1,111 — — Consumer — — — — — — Agriculture — — — — — — Other — — — — — — Subtotal 879 879 203 1,271 3 — Total $ 5,951 $ 2,911 $ 203 $ 4,844 $ 382 $ 360 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 TDR loan modifications by portfolio segment outstanding as of December 31, 2020 2019: TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2020 Commercial Real Estate: Nonfarm nonresidential $ 374 $ — $ 374 Residential Real Estate: 1-4 Family 106 — 106 Total TDRs $ 480 $ — $ 480 TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2019 Commercial Real Estate: Nonfarm nonresidential $ 400 $ — $ 400 Residential Real Estate: 1-4 Family 75 — 75 Total TDRs $ 475 $ — $ 475 At December 31, 2020 2019, December 31, 2020 2019, December 31, 2020 December 31, 2019 During the years ended December 31, 2020, 2019, 2018, twelve 90 The following table presents a summary of the TDR loan modifications by portfolio segment that occurred during the year ended December 31, 2020: TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms Total TDRs (in thousands) December 31, 2020 Residential Real Estate: 1-4 Family 33 — 33 Total TDRs $ 33 $ — $ 33 The Company has not 2020. twelve December 31, 2020, no December 31, 2019. Non-TDR Loan Modifications due to COVID- 19 The Company has elected to account for eligible loan modifications under Section 4013 4013 1 19 2 not 30 December 31, 2019; 3 March 1, 2020 60 March 13, 2020 19 January 1, 2022. not not December 31, 2020. Non-performing Loans Non-performing loans include impaired loans and smaller balance homogeneous loans, such as residential mortgage and consumer loans, that are collectively evaluated for impairment. The following table presents the recorded investment in nonaccrual and loans past due 90 December 31, 2020 2019: Nonaccrual Loans Past Due 90 Days And Over Still Accruing 2020 2019 2020 2019 (in thousands) Commercial $ — $ 50 $ — $ — Commercial Real Estate: Construction — — — — Farmland 456 431 — — Nonfarm nonresidential 175 90 — — Residential Real Estate: Multi-family — — — — 1-4 Family 954 817 — — Consumer — 98 — — Agriculture 91 42 — — Other — — — — Total $ 1,676 $ 1,528 $ — $ — The following table presents the aging of the recorded investment in past due loans by class as of December 31, 2020 2019: 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, 2020 Commercial $ 20 $ — $ — $ — $ 20 Commercial Real Estate: Construction — — — — — Farmland 325 53 — 456 834 Nonfarm nonresidential — 26 — 175 201 Residential Real Estate: Multi-family — — — — — 1-4 Family 1,110 217 — 954 2,281 Consumer 59 49 — — 108 Agriculture 23 27 — 91 141 Other — — — — — Total $ 1,537 $ 372 $ — $ 1,676 $ 3,585 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, 2019 Commercial $ 14 $ 3 $ — $ 50 $ 67 Commercial Real Estate: Construction — — — — — Farmland 274 — — 431 705 Nonfarm nonresidential 206 — — 90 296 Residential Real Estate: Multi-family — — — — — 1-4 Family 1,162 503 — 817 2,482 Consumer 91 164 — 98 353 Agriculture — — — 42 42 Other — — — — — Total $ 1,747 $ 670 $ — $ 1,528 $ 3,945 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 and are routinely analyzed through credit administration processes which classify the loans as to credit risk. The following definitions are used for risk ratings: Watch may Special Mention not one may Substandard may not Doubtful Loans not December 31, 2020 2019, Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 2020 Commercial $ 201,240 $ 192 $ — $ 6,812 $ — $ 208,244 Commercial Real Estate: Construction 92,916 — — — — 92,916 Farmland 65,556 3,714 — 1,002 — 70,272 Nonfarm nonresidential 258,665 1,605 — 6,124 — 266,394 Residential Real Estate: Multi-family 50,732 10,448 — — — 61,180 1-4 Family 183,379 2,831 — 2,745 — 188,955 Consumer 31,387 3 — 39 — 31,429 Agriculture 41,503 86 — 455 — 42,044 Other 647 — — — — 647 Total $ 926,025 $ 18,879 $ — $ 17,177 $ — $ 962,081 Pass Watch Special Mention Substandard Doubtful Total (in thousands) December 31, 2019 Commercial $ 130,312 $ 11,280 $ — $ 3,959 $ — $ 145,551 Commercial Real Estate: Construction 64,911 — — — — 64,911 Farmland 71,503 6,663 — 952 — 79,118 Nonfarm nonresidential 245,995 6,986 — 2,478 — 255,459 Residential Real Estate: Multi-family 70,950 — — — — 70,950 1-4 Family 221,727 2,420 — 2,482 — 226,629 Consumer 47,657 5 — 128 — 47,790 Agriculture 34,853 168 — 43 — 35,064 Other 799 — — — — 799 Total $ 888,707 $ 27,522 $ — $ 10,042 $ — $ 926,271 |