Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | May. 13, 2016 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | First Guaranty Bancshares, Inc. | |
Entity Central Index Key | 1,408,534 | |
Current Fiscal Year End Date | --12-31 | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 7,609,194 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2016 |
CONSOLIDATED BALANCE SHEETS (un
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Cash and cash equivalents: | ||
Cash and due from banks | $ 25,600 | $ 36,690 |
Federal funds sold | 221 | 582 |
Cash and cash equivalents | 25,821 | 37,272 |
Interest-earning time deposits with banks | 747 | 997 |
Investment securities: | ||
Available for sale, at fair value | 407,513 | 376,369 |
Held to maturity, at cost (estimated fair value of $149,834 and $168,148 respectively) | 149,243 | 169,752 |
Investment securities | 556,756 | 546,121 |
Federal Home Loan Bank stock, at cost | 1,304 | 935 |
Loans, net of unearned income | 854,776 | 841,583 |
Less: allowance for loan losses | 9,415 | 9,415 |
Net loans | 845,361 | 832,168 |
Premises and equipment, net | 21,741 | 22,019 |
Goodwill | 1,999 | 1,999 |
Intangible assets, net | 1,310 | 1,394 |
Other real estate, net | 1,226 | 1,577 |
Accrued interest receivable | 6,325 | 6,015 |
Other assets | 6,407 | 9,256 |
Total Assets | 1,468,997 | 1,459,753 |
Deposits: | ||
Noninterest-bearing demand | 221,897 | 213,203 |
Interest-bearing demand | 417,890 | 409,209 |
Savings | 86,312 | 81,448 |
Time | 574,628 | 592,010 |
Total deposits | 1,300,727 | 1,295,870 |
Short-term borrowings | 0 | 1,800 |
Accrued interest payable | 2,282 | 1,707 |
Senior long-term debt | 25,051 | 25,824 |
Junior subordinated debentures | 14,605 | 14,597 |
Other liabilities | 3,029 | 1,731 |
Total Liabilities | 1,345,694 | 1,341,529 |
Common stock: | ||
$1 par value - authorized 100,600,000 shares; issued 7,609,194 shares | 7,609 | 7,609 |
Surplus | 61,584 | 61,584 |
Retained earnings | 51,866 | 49,932 |
Accumulated other comprehensive income (loss) | 2,244 | (901) |
Total Shareholders' Equity | 123,303 | 118,224 |
Total Liabilities and Shareholders' Equity | $ 1,468,997 | $ 1,459,753 |
CONSOLIDATED BALANCE SHEETS (u3
CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Investment securities: | ||
Held to maturity, estimated fair value | $ 149,834 | $ 168,148 |
Common stock: | ||
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 100,600,000 | 100,600,000 |
Common stock, shares issued (in shares) | 7,609,194 | 7,609,194 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Interest Income: | ||
Loans (including fees) | $ 10,801 | $ 10,739 |
Deposits with other banks | 30 | 20 |
Securities (including FHLB stock) | 3,589 | 3,345 |
Total Interest Income | 14,420 | 14,104 |
Interest Expense: | ||
Demand deposits | 614 | 358 |
Savings deposits | 18 | 9 |
Time deposits | 1,564 | 1,843 |
Borrowings | 392 | 34 |
Total Interest Expense | 2,588 | 2,244 |
Net Interest Income | 11,832 | 11,860 |
Less: Provision for loan losses | 843 | 610 |
Net Interest Income after Provision for Loan Losses | 10,989 | 11,250 |
Noninterest Income: | ||
Service charges, commissions and fees | 657 | 646 |
ATM and debit card fees | 444 | 426 |
Net gains on securities | 354 | 316 |
Other | 379 | 354 |
Total Noninterest Income | 1,834 | 1,742 |
Noninterest Expense: | ||
Salaries and employee benefits | 4,097 | 4,046 |
Occupancy and equipment expense | 972 | 983 |
Other | 3,030 | 2,864 |
Total Noninterest Expense | 8,099 | 7,893 |
Income Before Income Taxes | 4,724 | 5,099 |
Less: Provision for income taxes | 1,573 | 1,705 |
Net Income | 3,151 | 3,394 |
Preferred Stock Dividends | 0 | (99) |
Income Available to Common Shareholders | $ 3,151 | $ 3,295 |
Per Common Share: | ||
Earnings (in dollars per share) | $ 0.41 | $ 0.48 |
Cash dividends paid (in dollars per share) | $ 0.16 | $ 0.15 |
Weighted Average Common Shares Outstanding (in shares) | 7,609,194 | 6,920,022 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) [Abstract] | ||
Net Income | $ 3,151 | $ 3,394 |
Unrealized gains on securities: | ||
Unrealized holding gains arising during the period | 5,119 | 6,759 |
Reclassification adjustments for gains included in net income | (354) | (316) |
Change in unrealized gains on securities | 4,765 | 6,443 |
Tax impact | (1,620) | (2,190) |
Other comprehensive income | 3,145 | 4,253 |
Comprehensive Income | $ 6,296 | $ 7,647 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands | Preferred Stock [Member]Series C - Preferred Stock $1,000 Par [Member] | Common Stock $1 Par [Member] | Surplus [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income/(Loss) [Member] | Total |
Balance at Dec. 31, 2014 | $ 39,435 | $ 6,923 | $ 51,646 | $ (54) | $ 41,392 | $ 241 | $ 139,583 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income | 0 | 0 | 0 | 0 | 3,394 | 0 | 3,394 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 4,253 | 4,253 |
Cash dividends on common stock | 0 | 0 | 0 | 0 | (1,007) | 0 | (1,007) |
Preferred stock dividend | 0 | 0 | 0 | 0 | (99) | 0 | (99) |
Balance at Mar. 31, 2015 | 39,435 | 6,923 | 51,646 | (54) | 43,680 | 4,494 | 146,124 |
Balance at Dec. 31, 2015 | 0 | 7,609 | 61,584 | 0 | 49,932 | (901) | 118,224 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income | 0 | 0 | 0 | 0 | 3,151 | 0 | 3,151 |
Other comprehensive income | 0 | 0 | 0 | 0 | 0 | 3,145 | 3,145 |
Cash dividends on common stock | 0 | 0 | 0 | 0 | (1,217) | 0 | (1,217) |
Balance at Mar. 31, 2016 | $ 0 | $ 7,609 | $ 61,584 | $ 0 | $ 51,866 | $ 2,244 | $ 123,303 |
CONSOLIDATED STATEMENTS OF CHA7
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Cash dividends per share (in dollars per share) | 0.16 | 0.15 |
Preferred Stock [Member] | Series C - Preferred Stock $1,000 Par [Member] | ||
Preferred stock, par value (in dollars per share) | $ 1,000 | $ 1,000 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash Flows From Operating Activities | ||
Net income | $ 3,151 | $ 3,394 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan losses | 843 | 610 |
Depreciation and amortization | 530 | 530 |
Amortization/Accretion of investments | 529 | 527 |
Gain on sale/call of securities | (354) | (316) |
Gain on sale of assets | (60) | 0 |
ORE write downs and loss on disposition | 34 | 50 |
FHLB stock dividends | (1) | (1) |
Change in other assets and liabilities, net | 2,766 | 1,168 |
Net Cash Provided By Operating Activities | 7,438 | 5,962 |
Cash Flows From Investing Activities | ||
Proceeds from maturities and calls of certificates of deposit | 250 | 500 |
Proceeds from maturities and calls of HTM securities | 20,428 | 6,487 |
Proceeds from maturities, calls and sales of AFS securities | 224,142 | 291,608 |
Funds Invested in AFS securities | (250,617) | (319,246) |
Proceeds from sale/redemption of Federal Home Loan Bank stock | 0 | 1,032 |
Funds invested in Federal Home Loan Bank stock | (368) | (867) |
Net increase in loans | (14,036) | (6,367) |
Purchase of premises and equipment | (1,020) | (473) |
Proceeds from sales of premises and equipment | 950 | 0 |
Proceeds from sales of other real estate owned | 317 | 0 |
Net Cash (Used In) Investing Activities | (19,954) | (27,326) |
Cash Flows From Financing Activities | ||
Net increase in deposits | 4,857 | 23,225 |
Net decrease in federal funds purchased and short-term borrowings | (1,800) | 0 |
Repayment of long-term borrowings | (775) | (150) |
Dividends paid | (1,217) | (1,106) |
Net Cash Provided By Financing Activities | 1,065 | 21,969 |
Net (Decrease) Increase In Cash and Cash Equivalents | (11,451) | 605 |
Cash and Cash Equivalents at the Beginning of the Period | 37,272 | 44,575 |
Cash and Cash Equivalents at the End of the Period | 25,821 | 45,180 |
Noncash Activities: | ||
Loans transferred to foreclosed assets | 0 | 215 |
Cash Paid During The Period: | ||
Interest on deposits and borrowed funds | 2,013 | 2,041 |
Income taxes | $ 0 | $ 400 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2016 | |
Basis of Presentation [Abstract] | |
Basis of Presentation | Note 1. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles. The consolidated financial statements and the footnotes of First Guaranty Bancshares, Inc. ("First Guaranty" or the “Company”) thereto should be read in conjunction with the audited financial statements and note disclosures for First Guaranty previously filed with the Securities and Exchange Commission in First Guaranty’s Annual Report filed on Form 10-K for the year ended December 31, 2015. The consolidated financial statements include the accounts of First Guaranty Bancshares, Inc. and its wholly owned subsidiary First Guaranty Bank (the "Bank"). All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary for a fair presentation of the consolidated financial statements. Those adjustments are of a normal recurring nature. The results of operations at March 31, 2016 and for the three month periods ended March 31, 2016 and 2015 are not necessarily indicative of the results expected for the full year or any other interim period. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are susceptible to significant change in the near term are the allowance for loan losses, valuation of goodwill, intangible assets and other purchase accounting adjustments. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2016 | |
Recent Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | Note 2. Recent Accounting Pronouncements In January 2016, the FASB issued ASU 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities". The ASU amendments include changes related to how certain equity investments are measured, recognize changes in the fair value of financial certain liabilities measured under the fair value option, and disclose and present financial assets and liabilities on First Guaranty's consolidated financial statements. Additionally, the ASU will also require entities to present financial assets and financial liabilities separately, grouped by measurement category and form of financial asset in the statement of financial position or in the accompanying notes to the financial statements. Entities will also no longer have to disclose the methods and significant assumptions for financial instruments measured at amortized cost, but will be required to measure such instruments under the "exit price" notion for disclosure purposes. The ASU is effective for annual and interim periods beginning after December 15, 2017. The adoption of this ASU is not expected to have a material effect on First Guaranty's Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02, "Conforming Amendments Related to Leases". This ASU amends the codification regarding leases in order to increase transparency and comparability. The ASU requires companies to recognize lease assets and liabilities on the statement of condition and disclose key information about leasing arrangements. A lessee would recognize a liability to make lease payments and a right-of-use asset representing its right to use the leased asset for the lease term. The ASU is effective for annual and interim periods beginning after December 15, 2018. The adoption of this ASU is not expected to have a material effect on First Guaranty's Consolidated Financial Statements. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2016 | |
Securities [Abstract] | |
Securities | Note 3. Securities A summary comparison of securities by type at March 31, 2016 and December 31, 2015 is shown below. March 31, 2016 December 31, 2015 (in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale: U.S Treasuries $ 9,000 $ - $ - $ 9,000 $ 29,999 $ - $ - $ 29,999 U.S. Government Agencies 214,787 516 (10 ) 215,293 165,364 - (1,553 ) 163,811 Corporate debt securities 107,443 3,335 (1,913 ) 108,865 105,680 2,259 (2,803 ) 105,136 Mutual funds or other equity securities 580 8 - 588 580 2 - 582 Municipal bonds 44,030 1,245 (14 ) 45,261 47,339 899 (5 ) 48,233 Mortgage-backed securities 28,233 278 (5 ) 28,506 28,891 - (283 ) 28,608 Total available-for-sale securities $ 404,073 $ 5,382 $ (1,942 ) $ 407,513 $ 377,853 $ 3,160 $ (4,644 ) $ 376,369 Held-to-maturity: U.S. Government Agencies $ 59,348 $ 13 $ (36 ) $ 59,325 $ 77,343 $ - $ (721 ) $ 76,622 Mortgage-backed securities 89,895 632 (18 ) 90,509 92,409 9 (892 ) 91,526 Total held-to-maturity securities $ 149,243 $ 645 $ (54 ) $ 149,834 $ 169,752 $ 9 $ (1,613 ) $ 168,148 The scheduled maturities of securities at March 31, 2016, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to call or prepayments. Mortgage-backed securities are not due at a single maturity because of amortization and potential prepayment of the underlying mortgages. For this reason they are presented separately in the maturity table below. March 31, 2016 (in thousands) Amortized Cost Fair Value Available For Sale: Due in one year or less $ 16,977 $ 17,047 Due after one year through five years 126,906 128,355 Due after five years through 10 years 193,719 194,488 Over 10 years 38,238 39,117 Subtotal 375,840 379,007 Mortgage-backed Securities 28,233 28,506 Total available-for-sale securities $ 404,073 $ 407,513 Held to Maturity: Due in one year or less $ - $ - Due after one year through five years 22,804 22,806 Due after five years through 10 years 36,544 36,519 Over 10 years - - Subtotal 59,348 59,325 Mortgage-backed Securities 89,895 90,509 Total held to maturity securities $ 149,243 $ 149,834 At March 31, 2016 $438.7 The pledged securities had a market value of $439.4 million as of March 31, 2016. The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at March 31, 2016. At March 31, 2016 Less Than 12 Months 12 Months or More Total (in thousands) Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Available for sale: U.S. Treasuries 1 $ 9,000 $ - - $ - $ - 1 $ 9,000 $ - U.S. Government agencies 4 19,993 (7 ) 3 4,997 (3 ) 7 24,990 (10 ) Corporate debt securities 48 10,123 (483 ) 53 13,248 (1,430 ) 101 23,371 (1,913 ) Mutual funds or other equity securities - - - - Municipal bonds 1 1,792 (14 ) - - - 1 1,792 (14 ) Mortgage-backed securities 2 3,053 (5 ) - - - 2 3,053 (5 ) Total available-for-sale securities 56 $ 43,961 $ (509 ) 56 $ 18,245 $ (1,433 ) 112 $ 62,206 $ (1,942 ) Held to maturity: U.S. Government agencies 1 6,679 (3 ) 5 21,995 (33 ) 6 28,674 (36 ) Mortgage-backed securities 3 9,305 (10 ) 1 2,772 (8 ) 4 12,077 (18 ) Total held to maturity 4 $ 15,984 $ (13 ) 6 $ 24,767 $ (41 ) 10 $ 40,751 $ (54 ) The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at December 31, 2015. At December 31, 2015 Less Than 12 Months 12 Months or More Total (in thousands) Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Available for sale: U.S. Treasuries 2 $ 9,999 $ - - $ - $ - 2 $ 9,999 $ - U.S. Government agencies 49 116,473 (921 ) 11 47,338 (632 ) 60 163,811 (1,553 ) Corporate debt securities 112 31,414 (1,509 ) 27 5,344 (1,294 ) 139 36,758 (2,803 ) Mutual funds or other equity securities - - - - - - - - - Municipal bonds 2 679 (5 ) - - - 2 679 (5 ) Mortgage-backed securities 14 28,608 (283 ) - - - 14 28,608 (283 ) Total available for sale 179 $ 187,173 $ (2,718 ) 38 $ 52,682 $ (1,926 ) 217 $ 239,855 $ (4,644 ) Held to maturity: U.S. Government agencies 16 $ 51,865 $ (404 ) 7 $ 23,852 $ (317 ) 23 $ 75,717 $ (721 ) Mortgage-backed securities 39 82,863 (892 ) - - - 39 82,863 (892 ) Total held to maturity 55 $ 134,728 $ (1,296 ) 7 $ 23,852 $ (317 ) 62 $ 158,580 $ (1,613 ) As of March 31, 2016, 122 of First Guaranty's debt securities had unrealized losses totaling 1.9% of the individual securities' amortized cost basis and 0.4% of First Guaranty's total amortized cost basis of the investment securities portfolio. 62 of the 122 securities had been in a continuous loss position for over 12 months at such date. The 62 securities had an aggregate amortized cost basis of $44.5 million and an unrealized loss of $1.5 million at March 31, 2016. Management has the intent and ability to hold these debt securities until maturity or until anticipated recovery. Securities are evaluated for other-than-temporary impairment at least quarterly and more frequently when economic or market conditions warrant such evaluation. Consideration is given to (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, (iii) the recovery of contractual principal and interest and (iv) the intent and ability of First Guaranty to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Investment securities issued by the U.S. Government and Government sponsored enterprises with unrealized losses and the amount of unrealized losses on those investment securities are the result of changes in market interest rates will not be other-than-temporarily impaired. First Guaranty has the ability and intent to hold these securities until recovery, which may not be until maturity. Corporate debt securities in a loss position consist primarily of corporate bonds issued by businesses in the financial, insurance, utility, manufacturing, industrial, consumer products and oil and gas industries. Two issuers were determined during the fourth quarter of 2015 to have other-than-temporary impairment losses. First Guaranty believes that the remaining issuers will be able to fulfill the obligations of these securities based on evaluations described above. First Guaranty has the ability and intent to hold these securities until they recover, which could be at their maturity dates. The following table presents a roll-forward of the amount of credit losses on debt securities held by First Guaranty for which a portion of OTTI was recognized in other comprehensive income for the quarter ending March 31, 2016: (in thousands) Beginning balance of credit losses at December 31, 2015 $ 175 Other-than-temporary impairment credit losses on securities not previously OTTI - Increases for additional credit losses on securities previously determined to be OTTI - Reduction for increases in cash flows - Reduction due to credit impaired securities sold or fully settled - Ending balance of cumulative credit losses recognized in earnings at March 31, 2016 $ 175 In the first quarter of 2016 there were no other-than-temporary impairment credit losses on securities for which we had previously recognized OTTI. For securities that have indications of credit related impairment, management analyzes future expected cash flows to determine if any credit related impairment is evident. Estimated cash flows are determined using management's best estimate of future cash flows based on specific assumptions. The assumptions used to determine the cash flows were based on estimates of loss severity and credit default probabilities. Management reviews reports from credit rating agencies and public filings of issuers. The total non-credit related other-than-temporary impairment losses included in other comprehensive income was $0.3 million at March 31, 2016. At March 31, 2016, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders’ equity is below: At March 31, 2016 (in thousands) Amortized Cost Fair Value Federal Home Loan Bank (FHLB) 89,944 90,091 Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) 60,145 60,458 Federal National Mortgage Association (Fannie Mae-FNMA) 134,612 135,261 Federal Farm Credit Bank (FFCB) 107,561 107,823 Total $ 392,262 $ 393,633 |
Loans
Loans | 3 Months Ended |
Mar. 31, 2016 | |
Loans [Abstract] | |
Loans | Note 4. Loans The following table summarizes the components of First Guaranty's loan portfolio as of March 31, 2016 and December 31, 2015: March 31, 2016 December 31, 2015 (in thousands except for %) Balance As % of Category Balance As % of Category Real Estate: Construction & land development $ 69,875 8.1 % $ 56,132 6.6 % Farmland 22,037 2.6 % 17,672 2.1 % 1- 4 Family 131,543 15.3 % 129,610 15.4 % Multifamily 10,830 1.3 % 12,629 1.5 % Non-farm non-residential 333,048 38.9 % 323,363 38.3 % Total Real Estate 567,333 66.2 % 539,406 63.9 % Non-Real Estate: Agricultural 23,266 2.7 % 25,838 3.1 % Commercial and industrial 206,178 24.1 % 224,201 26.6 % Consumer and other 59,925 7.0 % 54,163 6.4 % Total Non-Real Estate 289,369 33.8 % 304,202 36.1 % Total loans before unearned income 856,702 100.0 % 843,608 100.0 % Unearned income (1,926 ) (2,025 ) Total loans net of unearned income $ 854,776 $ 841,583 The following table summarizes fixed and floating rate loans by contractual maturity, excluding nonaccrual loans, as of March 31, 2016 and December 31, 2015 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered. March 31, 2016 December 31, 2015 (in thousands) Fixed Floating Total Fixed Floating Total One year or less $ 90,880 $ 53,609 $ 144,489 $ 86,975 $ 48,111 $ 135,086 More Than One to five years 315,947 225,303 541,250 315,685 246,374 562,059 More Than Five to 15 years 67,975 32,709 100,684 49,197 31,456 80,653 Over 15 years 38,086 7,771 45,857 36,438 9,333 45,771 Subtotal $ 512,888 $ 319,392 832,280 $ 488,295 $ 335,274 823,569 Nonaccrual loans 24,422 20,039 Total loans before unearned income 856,702 843,608 Unearned income (1,926 ) (2,025 ) Total loans net of unearned income $ 854,776 $ 841,583 As of March 31, 2016 $127.0 million of floating rate loans were at their interest rate floor. At December 31, 2015 $132.9 million of floating rate loans were at the floor rate. Nonaccrual The following tables present the age analysis of past due loans at March 31, 2016 and December 31, 2015: As of March 31, 2016 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment 90 Days Accruing Real Estate: Construction & land development $ 461 $ 555 $ 1,016 $ 68,859 $ 69,875 $ - Farmland - 118 118 21,919 22,037 - 1 - 4 family 3,204 4,965 8,169 123,374 131,543 216 Multifamily - 5,262 5,262 5,568 10,830 - Non-farm non-residential 1,184 2,064 3,248 329,800 333,048 129 Total Real Estate 4,849 12,964 17,813 549,520 567,333 345 Non-Real Estate: Agricultural - 3,537 3,537 19,729 23,266 - Commercial and industrial 336 8,266 8,602 197,576 206,178 - Consumer and other 310 - 310 59,615 59,925 - Total Non-Real Estate 646 11,803 12,449 276,920 289,369 - Total loans before unearned income $ 5,495 $ 24,767 $ 30,262 $ 826,440 $ 856,702 $ 345 Unearned income (1,926 ) Total loans net of unearned income $ 854,776 As of December 31, 2015 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment 90 Days Accruing Real Estate: Construction & land development $ 12 $ 558 $ 570 $ 55,562 $ 56,132 $ - Farmland - 136 136 17,536 17,672 19 1 - 4 family 2,546 4,929 7,475 122,135 129,610 391 Multifamily - 9,045 9,045 3,584 12,629 - Non-farm non-residential 1,994 2,934 4,928 318,435 323,363 - Total Real Estate 4,552 17,602 22,154 517,252 539,406 410 Non-Real Estate: Agricultural 2,346 2,628 4,974 20,864 25,838 - Commercial and industrial 314 48 362 223,839 224,201 - Consumer and other 965 171 1,136 53,027 54,163 - Total Non-Real Estate 3,625 2,847 6,472 297,730 304,202 - Total loans before unearned income $ 8,177 $ 20,449 $ 28,626 $ 814,982 $ 843,608 $ 410 Unearned income (2,025 ) Total loans net of unearned income $ 841,583 The tables above include $24.4 million and $20.0 million of nonaccrual loans at March 31, 2016 and December 31, 2015, respectively. See the tables below for more detail on nonaccrual loans. The following is a summary of nonaccrual loans by class at the dates indicated: (in thousands) As of March 31, 2016 As of December 31, 2015 Real Estate: Construction & land development $ 555 $ 558 Farmland 118 117 1 - 4 family 4,749 4,538 Multifamily 5,262 9,045 Non-farm non-residential 1,935 2,934 Total Real Estate 12,619 17,192 Non-Real Estate: Agricultural 3,537 2,628 Commercial and industrial 8,266 48 Consumer and other - 171 Total Non-Real Estate 11,803 2,847 Total Nonaccrual Loans $ 24,422 $ 20,039 As of March 31, 2016 As of December 31, 2015 (in thousands) Pass Special Mention Substandard Doubtful Total Pass Special Mention Substandard Doubtful Total Real Estate: Construction & land development $ 65,603 $ 181 $ 4,091 $ - $ 69,875 $ 51,681 $ 386 $ 4,065 $ - $ 56,132 Farmland 21,919 - 118 - 22,037 17,554 - 118 - 17,672 1 - 4 family 118,091 6,448 7,004 - 131,543 115,878 6,425 7,307 - 129,610 Multifamily 3,532 - 7,298 - 10,830 3,584 - 9,045 - 12,629 Non-farm non-residential 307,390 3,571 22,087 - 333,048 296,682 3,288 23,393 - 323,363 Total Real Estate 516,535 10,200 40,598 - 567,333 485,379 10,099 43,928 - 539,406 Non-Real Estate: Agricultural 19,726 3 3,537 - 23,266 20,860 4 4,974 - 25,838 Commercial and industrial 195,819 566 9,793 - 206,178 214,184 471 9,546 - 224,201 Consumer and other 59,650 153 122 - 59,925 53,779 178 206 - 54,163 Total Non-Real Estate 275,195 722 13,452 - 289,369 288,823 653 14,726 - 304,202 Total loans before unearned income $ 791,730 $ 10,922 $ 54,050 $ - $ 856,702 $ 774,202 $ 10,752 $ 58,654 $ - $ 843,608 Unearned income (1,926 ) (2,025 ) Total loans net of unearned income $ 854,776 $ 841,583 |
Allowance for Loan Losses
Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2016 | |
Allowance for Loan Losses [Abstract] | |
Allowance for Loan Losses | Note 5. Allowance for Loan Losses A summary of changes in the allowance for loan losses, by portfolio type, for the three months ended March 31, 2016 and 2015 are as follows: For the Three Months Ended March 31, 2016 2015 (in thousands) Beginning Allowance (12/31/15) Charge-offs Recoveries Provision Ending Allowance (3/31/16) Beginning Allowance (12/31/14) Charge-offs Recoveries Provision Ending Allowance(3/31/15) Real Estate: Construction & land development $ 962 $ - $ 1 $ 199 $ 1,162 $ 702 $ - $ 1 $ (78 ) $ 625 Farmland 54 - - (33 ) 21 21 - - (4 ) 17 1 - 4 family 1,771 (59 ) 8 (528 ) 1,192 2,131 (6 ) 48 148 2,321 Multifamily 557 - 361 (606 ) 312 813 - 10 (9 ) 814 Non-farm non-residential 3,298 (641 ) - 399 3,056 2,713 - 2 (425 ) 2,290 Total real estate 6,642 (700 ) 370 (569 ) 5,743 6,380 (6 ) 61 (368 ) 6,067 Non-Real Estate: Agricultural 16 - - (7 ) 9 293 (336 ) - 69 26 Commercial and industrial 2,527 (241 ) 4 1,049 3,339 1,797 - 5 329 2,131 Consumer and other 230 (332 ) 56 370 324 371 (76 ) 51 228 574 Unallocated - - - - - 264 - - 352 616 Total Non-Real Estate 2,773 (573 ) 60 1,412 3,672 2,725 (412 ) 56 978 3,347 Total $ 9,415 $ (1,273 ) $ 430 $ 843 $ 9,415 $ 9,105 $ (418 ) $ 117 $ 610 $ 9,414 Negative provisions are caused by changes in the composition and credit quality of the loan portfolio. The result is an allocation of the loan loss reserve from one category to another. A summary of the allowance and loans individually and collectively evaluated for impairment are as follows As of March 31, 2016 (in thousands) Allowance Individually Evaluated for Impairment Allowance Collectively for Impairment Total Allowance for Credit Losses Loans Individually Loans Collectively Total Loans before Unearned Income Real Estate: Construction & land development $ - $ 1,162 $ 1,162 $ 365 $ 69,510 $ 69,875 Farmland - 21 21 - 22,037 22,037 1 - 4 family 222 970 1,192 2,967 128,576 131,543 Multifamily 62 250 312 5,262 5,568 10,830 Non-farm non-residential 932 2,124 3,056 11,801 321,247 333,048 Total Real Estate 1,216 4,527 5,743 20,395 546,938 567,333 Non-Real Estate: Agricultural - 9 9 3,459 19,807 23,266 Commercial and industrial 1,886 1,453 3,339 9,455 196,723 206,178 Consumer and other - 324 324 - 59,925 59,925 Unallocated - - - - - - Total Non-Real Estate 1,886 1,786 3,672 12,914 276,455 289,369 Total $ 3,102 $ 6,313 $ 9,415 $ 33,309 $ 823,393 $ 856,702 Unearned Income (1,926 ) Total loans net of unearned income $ 854,776 As of December 31, 2015 (in thousands) Allowance Individually Evaluated for Impairment Allowance Collectively for Impairment Total Allowance for Credit Losses Loans Individually Loans Collectively Total Loans before Unearned Income Real Estate: Construction & land development $ - $ 962 $ 962 $ 368 $ 55,764 $ 56,132 Farmland - 54 54 - 17,672 17,672 1 - 4 family 611 1,160 1,771 3,049 126,561 129,610 Multifamily 454 103 557 9,045 3,584 12,629 Non-farm non-residential 1,298 2,000 3,298 13,646 309,717 323,363 Total Real Estate 2,363 4,279 6,642 26,108 513,298 539,406 Non-Real Estate: Agricultural - 16 16 4,863 20,975 25,838 Commercial and industrial - 2,527 2,527 - 224,201 224,201 Consumer and other - 230 230 171 53,992 54,163 Unallocated - - - - - - Total Non-Real Estate - 2,773 2,773 5,034 299,168 304,202 Total $ 2,363 $ 7,052 $ 9,415 $ 31,142 $ 812,466 $ 843,608 Unearned Income (2,025 ) Total loans net of unearned income $ 841,583 A loan is considered impaired when, based on current information and events, it is probable that First Guaranty will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Payment status, collateral value and the probability of collecting scheduled principal and interest payments when due are considered in evaluating loan impairment. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. The following is a summary of impaired loans by class as of the date indicated: As of March 31, 2016 (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income Cash Basis Impaired Loans with no related allowance: Real Estate: Construction & land development $ 365 $ 823 $ - $ 365 $ - $ - Farmland - - - - - - 1 - 4 family 1,011 1,322 - 1,080 13 9 Multifamily - - - - - - Non-farm non-residential 3,187 3,677 - 3,196 26 29 Total Real Estate 4,563 5,822 - 4,641 39 38 Non-Real Estate: Agricultural 3,459 3,613 - 3,520 - - Commercial and industrial - - - - - - Consumer and other - - - - - - Total Non-Real Estate 3,459 3,613 - 3,520 - - Total Impaired Loans with no related allowance 8,022 9,435 - 8,161 39 38 Impaired Loans w ith an allowance recorded: Real Estate: Construction & land development - - - - - - Farmland - - - - - - 1 - 4 family 1,956 2,137 222 1,969 - - Multifamily 5,262 5,366 62 5,269 - - Non-farm non-residential 8,614 8,618 932 8,644 107 106 Total Real Estate 15,832 16,121 1,216 15,882 107 106 Non-Real Estate: Agricultural - - - - - - Commercial and industrial 9,455 9,455 1,886 9,474 1 2 Consumer and other - - - - - - Total Non-Real Estate 9,455 9,455 1,886 9,474 1 2 Total Impaired Loans with an allowance recorded 25,287 25,576 3,102 25,356 108 108 Total Impaired Loans $ 33,309 $ 35,011 $ 3,102 $ 33,517 $ 147 $ 146 The following is a summary of impaired loans by class as of the date indicated: As of December 31, 2015 (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income Cash Basis Impaired Loans with no related allowance: Real Estate: Construction & land development $ 368 $ 823 $ - $ 825 $ 41 $ 44 Farmland - - - - - - 1 - 4 family 1,054 1,358 - 1,354 79 84 Multifamily 3,728 4,240 - 4,305 254 72 Non-farm non-residential 3,637 4,116 - 4,124 165 147 Total Real Estate 8,787 10,537 - 10,608 539 347 Non-Real Estate: Agricultural 4,863 5,019 - 5,036 300 300 Commercial and industrial - - - - - - Consumer and other 171 317 - 335 27 20 Total Non-Real Estate 5,034 5,336 - 5,371 327 320 Total Impaired Loans with no related allowance 13,821 15,873 - 15,979 866 667 Impaired Loans w ith an allowance recorded: Real Estate: Construction & land development - - - - - - Farmland - - - - - - 1 - 4 family 1,995 2,144 611 2,079 103 125 Multifamily - - - - - - Non-farm non-residential 10,009 10,841 1,298 11,035 566 569 Total Real Estate 12,004 12,985 1,909 13,114 669 694 Non-Real Estate: Agricultural - - - - - - Commercial and industrial - - - - - - Consumer and other - - - - - - Total Non-Real Estate - - - - - - Total Impaired Loans with an allowance recorded 12,004 12,985 1,909 13,114 669 694 Total Impaired Loans $ 25,825 $ 28,858 $ 1,909 $ 29,093 $ 1,535 $ 1,361 Troubled Debt Restructurings A troubled debt restructuring ("TDR") is considered such if the lender for economic or legal reasons related to the debtor's financial difficulties grants a concession to the debtor that it would not otherwise consider. The modifications to First Guaranty's TDRs were concessions on either the interest rate charged or the amortization. The effect of the modifications to First Guaranty was a reduction in interest income. These loans have an allocated reserve in First Guaranty's allowance for loan losses. First Guaranty has not restructured any loans that are considered troubled debt restructurings in the three months ended March 31, 2016. March 31, 2016 December 31, 2015 Accruing Loans Accruing Loans (in thousands) Current 30-89 Days Past Due Nonaccrual Total TDRs Current 30-89 Days Past Due Nonaccrual Total TDRs Real Estate: Construction & land development $ - $ - $ 365 $ 365 $ - $ - $ 368 $ 368 Farmland - - - - - - - - 1-4 Family - - - - - - 1,702 1,702 Multifamily - - - - - - - - Non-farm non residential 2,981 - 206 3,187 3,431 - 206 3,637 Total Real Estate 2,981 - 571 3,552 3,431 - 2,276 5,707 Non-Real Estate: Agricultural - - - - - - - - Commercial and industrial - - - - - - - - Consumer and other - - - - - - - - Total Non-Real Estate - - - - - - - - Total $ 2,981 $ - $ 571 $ 3,552 $ 3,431 $ - $ 2,276 $ 5,707 The following table discloses TDR activity for the three months ended March 31, 2016. Troubled Debt Restructured Loans Activity Three Months Ended March 31, 2016 (in thousands) Beginning balance December 31, 2015 New TDRs Charge-offs post- modification Transferred to ORE Paydowns Construction to permanent financing Restructured to market terms Ending balance March 31, 2016 Real Estate: Construction & land development $ 368 $ - $ - $ - $ (3 ) $ - $ - $ 365 Farmland - - - - - - - - 1 - 4 family 1,702 - - - (32 ) - (1,670 ) - Multifamily - - - - - - - - Non-farm non-residential 3,637 - (5 ) - (4 ) - (441 ) 3,187 Total Real Estate 5,707 - (5 ) - (39 ) - (2,111 ) 3,552 Non-Real Estate: Agricultural - - - - - - - - Commercial and industrial - - - - - - - - Consumer and other - - - - - - - - Total Non-Real Estate - - - - - - - - Total $ 5,707 $ - $ (5 ) $ - $ (39 ) $ - $ (2,111 ) $ 3,552 There were no commitments to lend additional funds to debtors whose terms have been modified in a troubled debt restructuring at March 31, 2016. |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 3 Months Ended |
Mar. 31, 2016 | |
Goodwill and Other Intangible Assets [Abstract] | |
Goodwill and Other Intangible Assets | Note 6. Goodwill and Other Intangible Assets Goodwill and intangible assets deemed to have indefinite lives are no longer amortized, but are subject to impairment testing. Other intangible assets continue to be amortized over their useful lives. First Guaranty's goodwill is the difference in purchase price over the fair value of net assets acquired from its acquisition of Homestead Bancorp in 2007. Goodwill totaled $2.0 million at March 31, 2016 and December 31, 2015. No impairment charges have been recognized on First Guaranty's intangible assets. |
Other Real Estate (ORE)
Other Real Estate (ORE) | 3 Months Ended |
Mar. 31, 2016 | |
Other Real Estate (ORE) [Abstract] | |
Other Real Estate (ORE) | Note 7. Other Real Estate (ORE) Other real estate owned consists of the following at the dates indicated: (in thousands) March 31, 2016 December 31, 2015 Real Estate Owned Acquired by Foreclosure: Residential $ 564 $ 880 Construction & land development 25 25 Non-farm non-residential 637 672 Total Other Real Estate Owned and Foreclosed Property $ 1,226 $ 1,577 Loans secured by one-to-four family residential properties in the process of foreclosure totaled $0.2 million as of March 31, 2016 . |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies [Abstract] | |
Commitments and Contingencies | Note 8. Commitments and Contingencies Off-balance sheet commitments First Guaranty is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit and standby and commercial letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of the involvement in particular classes of financial instruments. The exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and commercial letters of credit is represented by the contractual notional amount of those instruments. The same credit policies are used in making commitments and conditional obligations as it does for balance sheet instruments. Unless otherwise noted, collateral or other security is not required to support financial instruments with credit risk. Below is a summary of the notional amounts of the financial instruments with off-balance sheet risk at March 31, 2016 and December 31, 2015: Contract Amount (in thousands) March 31, 2016 December 31, 2015 Commitments to Extend Credit $ 81,987 $ 88,081 Unfunded Commitments under lines of credit $ 119,751 $ 107,581 Commercial and Standby letters of credit $ 6,711 $ 7,486 Litigation The nature of First Guaranty’s business ordinarily results in a certain amount of claims, litigation and legal and administrative cases, all of which are considered incidental to the normal conduct of business. When First Guaranty determines it has defenses to the claims asserted, it defends itself. First Guaranty will consider settlement of cases when it is in the best interests of both First Guaranty and its shareholders. While the final outcome of legal proceedings is inherently uncertain, based on information currently available as of March 31, 2016, any incremental liability arising from First Guaranty’s legal proceedings will not have a material adverse effect on First Guaranty’s financial position. |
Fair Value
Fair Value | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value [Abstract] | |
Fair Value | Note 9. Fair Value The fair value of a financial instrument is the current amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. Valuation techniques use certain inputs to arrive at fair value. Inputs to valuation techniques are the assumptions that market participants would use in pricing the asset or liability. They may be observable or unobservable. First Guaranty uses a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs Level 2 Inputs Level 3 Inputs A description of the valuation methodologies used for instruments measured at fair value follows, as well as the classification of such instruments within the valuation hierarchy. Securities available for sale. Impaired loans. Other real estate owned. Certain non-financial assets and non-financial liabilities are measured at fair value on a non-recurring basis including assets and liabilities related to reporting units measured at fair value in the testing of goodwill impairment, as well as intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. The following table summarizes financial assets measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) March 31, 2016 December 31, 2015 Available for Sale Securities Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ 9,508 $ 30,501 Level 2: Significant Other Observable Inputs 389,082 338,167 Level 3: Significant Unobservable Inputs 8,923 7,701 Securities available for sale measured at fair value $ 407,513 $ 376,369 First Guaranty's valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While the methodologies used are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value. The change in Level 1 securities available for sale from December 31, 2015 was due principally to a reduction in Treasury bills of $21.0 million. The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of March 31, 2016 and December 31, 2015, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) At March 31, 2016 At December 31, 2015 Impaired Loans - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ - $ - Level 2: Significant Other Observable Inputs 259 293 Level 3: Significant Unobservable Inputs 21,926 16,401 Impaired loans measured at fair value $ 22,185 $ 16,694 Other Real Estate Owned - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ - $ - Level 2: Significant Other Observable Inputs 613 1,104 Level 3: Significant Unobservable Inputs 613 473 Other real estate owned measured at fair value $ 1,226 $ 1,577 ASC 825-10 provides First Guaranty with an option to report selected financial assets and liabilities at fair value. The fair value option established by this statement permits First Guaranty to choose to measure eligible items at fair value at specified election dates and report unrealized gains and losses on items for which the fair value option has been elected in earnings at each reporting date subsequent to implementation. First Guaranty has chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States. |
Financial Instruments
Financial Instruments | 3 Months Ended |
Mar. 31, 2016 | |
Financial Instruments [Abstract] | |
Financial Instruments | Note 10. Financial Instruments Fair value estimates are generally subjective in nature and are dependent upon a number of significant assumptions associated with each instrument or group of similar instruments, including estimates of discount rates, risks associated with specific financial instruments, estimates of future cash flows and relevant available market information. Fair value information is intended to represent an estimate of an amount at which a financial instrument could be exchanged in a current transaction between a willing buyer and seller engaging in an exchange transaction. However, since there are no established trading markets for a significant portion of First Guaranty’s financial instruments, First Guaranty may not be able to immediately settle financial instruments; as such, the fair values are not necessarily indicative of the amounts that could be realized through immediate settlement. In addition, the majority of the financial instruments, such as loans and deposits, are held to maturity and are realized or paid according to the contractual agreement with the customer. Quoted market prices are used to estimate fair values when available. However, due to the nature of the financial instruments, in many instances quoted market prices are not available. Accordingly, estimated fair values have been estimated based on other valuation techniques, such as discounting estimated future cash flows using a rate commensurate with the risks involved or other acceptable methods. Fair values are estimated without regard to any premium or discount that may result from concentrations of ownership of financial instruments, possible income tax ramifications or estimated transaction costs. The fair value estimates are subjective in nature and involve matters of significant judgment and, therefore, cannot be determined with precision. Fair values are also estimated at a specific point in time and are based on interest rates and other assumptions at that date. As events change the assumptions underlying these estimates, the fair values of financial instruments will change. Disclosure of fair values is not required for certain items such as lease financing, investments accounted for under the equity method of accounting, obligations of pension and other postretirement benefits, premises and equipment, other real estate, prepaid expenses, the value of long-term relationships with depositors (core deposit intangibles) and other customer relationships, other intangible assets and income tax assets and liabilities. Fair value estimates are presented for existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. In addition, the tax ramifications related to the realization of the unrealized gains and losses have not been considered in the estimates. Accordingly, the aggregate fair value amounts presented do not purport to represent and should not be considered representative of the underlying market or franchise value of First Guaranty. Because the standard permits many alternative calculation techniques and because numerous assumptions have been used to estimate the fair values, reasonable comparison of the fair value information with other financial institutions' fair value information cannot necessarily be made. The methods and assumptions used to estimate the fair values of financial instruments are as follows: Cash and due from banks, interest-bearing deposits with banks, federal funds sold and federal funds purchased. These items are generally short-term and the carrying amounts reported in the consolidated balance sheets are a reasonable estimation of the fair values. Investment Securities. Fair values are principally based on quoted market prices. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments or the use of discounted cash flow analyses. Loans Held for Sale. Fair values of mortgage loans held for sale are based on commitments on hand from investors or prevailing market prices. These loans are classified within level 3 of the fair value hierarchy. Loans, net. Market values are computed present values using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. These loans are classified within level 3 of the fair value hierarchy. Impaired loans Fair value of impaired loans is measured by either the fair value of the collateral if the loan is collateral dependent (Level 2 or Level 3), or the present value of expected future cash flows, discounted at the loan's effective interest rate (Level 3). Fair value of the collateral is determined by appraisals or by independent valuation. Accrued interest receivable. The carrying amount of accrued interest receivable approximates its fair value. Deposits. The fair value of demand deposits, savings and interest-bearing demand deposits is the amount payable on demand. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities. Deposits are classified within level 3 of the fair value hierarchy. Accrued interest payable. The carrying amount of accrued interest payable approximates its fair value. Borrowings. The carrying amount of federal funds purchased and other short-term borrowings approximate their fair values. The fair value of First Guaranty’s long-term borrowings is computed using net present value formulas. The present value is the sum of the present value of all projected cash flows on an item at a specified discount rate. The discount rate is set as an appropriate rate index, plus or minus an appropriate spread. Borrowings are classified within level 3 of the fair value hierarchy. Other Unrecognized Financial Instruments. The fair value of commitments to extend credit is estimated using the fees charged to enter into similar legally binding agreements, taking into account the remaining terms of the agreements and customers' credit ratings. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. Noninterest-bearing deposits are held at cost. The fair values of letters of credit are based on fees charged for similar agreements or on estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. At March 31, 2016 and December 31, 2015 the fair value of guarantees under commercial and standby letters of credit was not material. The estimated fair values and carrying values of the financial instruments at March 31, 2016 and December 31, 2015 are presented in the following table: March 31, 2016 December 31, 2015 (in thousands) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Assets Cash and cash equivalents $ 25,821 $ 25,821 $ 37,272 $ 37,272 Securities, available for sale 407,513 407,513 376,369 376,369 Securities, held to maturity 149,243 149,834 169,752 168,148 Federal Home Loan Bank stock 1,304 1,304 935 935 Loans, net 845,361 843,802 832,168 831,731 Accrued interest receivable 6,325 6,325 6,015 6,015 Liabilities Deposits $ 1,300,727 $ 1,301,308 $ 1,295,870 $ 1,296,468 Borrowings 25,051 25,051 27,624 27,624 Junior subordinated debentures 14,605 14,605 14,597 14,597 Accrued interest payable 2,282 2,282 1,707 1,707 There is no material difference between the contract amount and the estimated fair value of off-balance sheet items that are primarily comprised of short-term unfunded loan commitments that are generally at market prices. |
Recent Accounting Pronounceme19
Recent Accounting Pronouncements (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Recent Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | In January 2016, the FASB issued ASU 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities". The ASU amendments include changes related to how certain equity investments are measured, recognize changes in the fair value of financial certain liabilities measured under the fair value option, and disclose and present financial assets and liabilities on First Guaranty's consolidated financial statements. Additionally, the ASU will also require entities to present financial assets and financial liabilities separately, grouped by measurement category and form of financial asset in the statement of financial position or in the accompanying notes to the financial statements. Entities will also no longer have to disclose the methods and significant assumptions for financial instruments measured at amortized cost, but will be required to measure such instruments under the "exit price" notion for disclosure purposes. The ASU is effective for annual and interim periods beginning after December 15, 2017. The adoption of this ASU is not expected to have a material effect on First Guaranty's Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02, "Conforming Amendments Related to Leases". This ASU amends the codification regarding leases in order to increase transparency and comparability. The ASU requires companies to recognize lease assets and liabilities on the statement of condition and disclose key information about leasing arrangements. A lessee would recognize a liability to make lease payments and a right-of-use asset representing its right to use the leased asset for the lease term. The ASU is effective for annual and interim periods beginning after December 15, 2018. The adoption of this ASU is not expected to have a material effect on First Guaranty's Consolidated Financial Statements. |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Securities [Abstract] | |
Summary Comparison of Securities by Type | A summary comparison of securities by type at March 31, 2016 and December 31, 2015 is shown below. March 31, 2016 December 31, 2015 (in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale: U.S Treasuries $ 9,000 $ - $ - $ 9,000 $ 29,999 $ - $ - $ 29,999 U.S. Government Agencies 214,787 516 (10 ) 215,293 165,364 - (1,553 ) 163,811 Corporate debt securities 107,443 3,335 (1,913 ) 108,865 105,680 2,259 (2,803 ) 105,136 Mutual funds or other equity securities 580 8 - 588 580 2 - 582 Municipal bonds 44,030 1,245 (14 ) 45,261 47,339 899 (5 ) 48,233 Mortgage-backed securities 28,233 278 (5 ) 28,506 28,891 - (283 ) 28,608 Total available-for-sale securities $ 404,073 $ 5,382 $ (1,942 ) $ 407,513 $ 377,853 $ 3,160 $ (4,644 ) $ 376,369 Held-to-maturity: U.S. Government Agencies $ 59,348 $ 13 $ (36 ) $ 59,325 $ 77,343 $ - $ (721 ) $ 76,622 Mortgage-backed securities 89,895 632 (18 ) 90,509 92,409 9 (892 ) 91,526 Total held-to-maturity securities $ 149,243 $ 645 $ (54 ) $ 149,834 $ 169,752 $ 9 $ (1,613 ) $ 168,148 |
Investments Classified by Contractual Maturity Date | The scheduled maturities of securities at March 31, 2016, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to call or prepayments. Mortgage-backed securities are not due at a single maturity because of amortization and potential prepayment of the underlying mortgages. For this reason they are presented separately in the maturity table below. March 31, 2016 (in thousands) Amortized Cost Fair Value Available For Sale: Due in one year or less $ 16,977 $ 17,047 Due after one year through five years 126,906 128,355 Due after five years through 10 years 193,719 194,488 Over 10 years 38,238 39,117 Subtotal 375,840 379,007 Mortgage-backed Securities 28,233 28,506 Total available-for-sale securities $ 404,073 $ 407,513 Held to Maturity: Due in one year or less $ - $ - Due after one year through five years 22,804 22,806 Due after five years through 10 years 36,544 36,519 Over 10 years - - Subtotal 59,348 59,325 Mortgage-backed Securities 89,895 90,509 Total held to maturity securities $ 149,243 $ 149,834 |
Schedule of Unrealized Loss on Investments | The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at March 31, 2016. At March 31, 2016 Less Than 12 Months 12 Months or More Total (in thousands) Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Available for sale: U.S. Treasuries 1 $ 9,000 $ - - $ - $ - 1 $ 9,000 $ - U.S. Government agencies 4 19,993 (7 ) 3 4,997 (3 ) 7 24,990 (10 ) Corporate debt securities 48 10,123 (483 ) 53 13,248 (1,430 ) 101 23,371 (1,913 ) Mutual funds or other equity securities - - - - Municipal bonds 1 1,792 (14 ) - - - 1 1,792 (14 ) Mortgage-backed securities 2 3,053 (5 ) - - - 2 3,053 (5 ) Total available-for-sale securities 56 $ 43,961 $ (509 ) 56 $ 18,245 $ (1,433 ) 112 $ 62,206 $ (1,942 ) Held to maturity: U.S. Government agencies 1 6,679 (3 ) 5 21,995 (33 ) 6 28,674 (36 ) Mortgage-backed securities 3 9,305 (10 ) 1 2,772 (8 ) 4 12,077 (18 ) Total held to maturity 4 $ 15,984 $ (13 ) 6 $ 24,767 $ (41 ) 10 $ 40,751 $ (54 ) The following is a summary of the fair value of securities with gross unrealized losses and an aging of those gross unrealized losses at December 31, 2015. At December 31, 2015 Less Than 12 Months 12 Months or More Total (in thousands) Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Available for sale: U.S. Treasuries 2 $ 9,999 $ - - $ - $ - 2 $ 9,999 $ - U.S. Government agencies 49 116,473 (921 ) 11 47,338 (632 ) 60 163,811 (1,553 ) Corporate debt securities 112 31,414 (1,509 ) 27 5,344 (1,294 ) 139 36,758 (2,803 ) Mutual funds or other equity securities - - - - - - - - - Municipal bonds 2 679 (5 ) - - - 2 679 (5 ) Mortgage-backed securities 14 28,608 (283 ) - - - 14 28,608 (283 ) Total available for sale 179 $ 187,173 $ (2,718 ) 38 $ 52,682 $ (1,926 ) 217 $ 239,855 $ (4,644 ) Held to maturity: U.S. Government agencies 16 $ 51,865 $ (404 ) 7 $ 23,852 $ (317 ) 23 $ 75,717 $ (721 ) Mortgage-backed securities 39 82,863 (892 ) - - - 39 82,863 (892 ) Total held to maturity 55 $ 134,728 $ (1,296 ) 7 $ 23,852 $ (317 ) 62 $ 158,580 $ (1,613 ) |
Credit Losses on Debt Securities for which Portion of OTTI Recognized in OCI | The following table presents a roll-forward of the amount of credit losses on debt securities held by First Guaranty for which a portion of OTTI was recognized in other comprehensive income for the quarter ending March 31, 2016: (in thousands) Beginning balance of credit losses at December 31, 2015 $ 175 Other-than-temporary impairment credit losses on securities not previously OTTI - Increases for additional credit losses on securities previously determined to be OTTI - Reduction for increases in cash flows - Reduction due to credit impaired securities sold or fully settled - Ending balance of cumulative credit losses recognized in earnings at March 31, 2016 $ 175 |
Schedule of Exposure to Bond Issuers that Exceeded 10% of Stockholders' Equity | At March 31, 2016, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders’ equity is below: At March 31, 2016 (in thousands) Amortized Cost Fair Value Federal Home Loan Bank (FHLB) 89,944 90,091 Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) 60,145 60,458 Federal National Mortgage Association (Fannie Mae-FNMA) 134,612 135,261 Federal Farm Credit Bank (FFCB) 107,561 107,823 Total $ 392,262 $ 393,633 |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Loans [Abstract] | |
Summary of Components of Loan Portfolio | The following table summarizes the components of First Guaranty's loan portfolio as of March 31, 2016 and December 31, 2015: March 31, 2016 December 31, 2015 (in thousands except for %) Balance As % of Category Balance As % of Category Real Estate: Construction & land development $ 69,875 8.1 % $ 56,132 6.6 % Farmland 22,037 2.6 % 17,672 2.1 % 1- 4 Family 131,543 15.3 % 129,610 15.4 % Multifamily 10,830 1.3 % 12,629 1.5 % Non-farm non-residential 333,048 38.9 % 323,363 38.3 % Total Real Estate 567,333 66.2 % 539,406 63.9 % Non-Real Estate: Agricultural 23,266 2.7 % 25,838 3.1 % Commercial and industrial 206,178 24.1 % 224,201 26.6 % Consumer and other 59,925 7.0 % 54,163 6.4 % Total Non-Real Estate 289,369 33.8 % 304,202 36.1 % Total loans before unearned income 856,702 100.0 % 843,608 100.0 % Unearned income (1,926 ) (2,025 ) Total loans net of unearned income $ 854,776 $ 841,583 |
Summary of Fixed and Floating Rate Loans by Contractual Maturity, Excluding Nonaccrual Loans | The following table summarizes fixed and floating rate loans by contractual maturity, excluding nonaccrual loans, as of March 31, 2016 and December 31, 2015 unadjusted for scheduled principal payments, prepayments, or repricing opportunities. The average life of the loan portfolio may be substantially less than the contractual terms when these adjustments are considered. March 31, 2016 December 31, 2015 (in thousands) Fixed Floating Total Fixed Floating Total One year or less $ 90,880 $ 53,609 $ 144,489 $ 86,975 $ 48,111 $ 135,086 More Than One to five years 315,947 225,303 541,250 315,685 246,374 562,059 More Than Five to 15 years 67,975 32,709 100,684 49,197 31,456 80,653 Over 15 years 38,086 7,771 45,857 36,438 9,333 45,771 Subtotal $ 512,888 $ 319,392 832,280 $ 488,295 $ 335,274 823,569 Nonaccrual loans 24,422 20,039 Total loans before unearned income 856,702 843,608 Unearned income (1,926 ) (2,025 ) Total loans net of unearned income $ 854,776 $ 841,583 |
Past Due Financing Receivables | The following tables present the age analysis of past due loans at March 31, 2016 and December 31, 2015: As of March 31, 2016 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment 90 Days Accruing Real Estate: Construction & land development $ 461 $ 555 $ 1,016 $ 68,859 $ 69,875 $ - Farmland - 118 118 21,919 22,037 - 1 - 4 family 3,204 4,965 8,169 123,374 131,543 216 Multifamily - 5,262 5,262 5,568 10,830 - Non-farm non-residential 1,184 2,064 3,248 329,800 333,048 129 Total Real Estate 4,849 12,964 17,813 549,520 567,333 345 Non-Real Estate: Agricultural - 3,537 3,537 19,729 23,266 - Commercial and industrial 336 8,266 8,602 197,576 206,178 - Consumer and other 310 - 310 59,615 59,925 - Total Non-Real Estate 646 11,803 12,449 276,920 289,369 - Total loans before unearned income $ 5,495 $ 24,767 $ 30,262 $ 826,440 $ 856,702 $ 345 Unearned income (1,926 ) Total loans net of unearned income $ 854,776 As of December 31, 2015 (in thousands) 30-89 Days Past Due 90 Days or Greater Total Past Due Current Total Loans Recorded Investment 90 Days Accruing Real Estate: Construction & land development $ 12 $ 558 $ 570 $ 55,562 $ 56,132 $ - Farmland - 136 136 17,536 17,672 19 1 - 4 family 2,546 4,929 7,475 122,135 129,610 391 Multifamily - 9,045 9,045 3,584 12,629 - Non-farm non-residential 1,994 2,934 4,928 318,435 323,363 - Total Real Estate 4,552 17,602 22,154 517,252 539,406 410 Non-Real Estate: Agricultural 2,346 2,628 4,974 20,864 25,838 - Commercial and industrial 314 48 362 223,839 224,201 - Consumer and other 965 171 1,136 53,027 54,163 - Total Non-Real Estate 3,625 2,847 6,472 297,730 304,202 - Total loans before unearned income $ 8,177 $ 20,449 $ 28,626 $ 814,982 $ 843,608 $ 410 Unearned income (2,025 ) Total loans net of unearned income $ 841,583 |
Summary of Nonaccrual Loans by Class | The following is a summary of nonaccrual loans by class at the dates indicated: (in thousands) As of March 31, 2016 As of December 31, 2015 Real Estate: Construction & land development $ 555 $ 558 Farmland 118 117 1 - 4 family 4,749 4,538 Multifamily 5,262 9,045 Non-farm non-residential 1,935 2,934 Total Real Estate 12,619 17,192 Non-Real Estate: Agricultural 3,537 2,628 Commercial and industrial 8,266 48 Consumer and other - 171 Total Non-Real Estate 11,803 2,847 Total Nonaccrual Loans $ 24,422 $ 20,039 |
Credit Exposure of Loan Portfolio by Specific Credit Ratings | The following table identifies the credit exposure of the loan portfolio by specific credit ratings as of the dates indicated: As of March 31, 2016 As of December 31, 2015 (in thousands) Pass Special Mention Substandard Doubtful Total Pass Special Mention Substandard Doubtful Total Real Estate: Construction & land development $ 65,603 $ 181 $ 4,091 $ - $ 69,875 $ 51,681 $ 386 $ 4,065 $ - $ 56,132 Farmland 21,919 - 118 - 22,037 17,554 - 118 - 17,672 1 - 4 family 118,091 6,448 7,004 - 131,543 115,878 6,425 7,307 - 129,610 Multifamily 3,532 - 7,298 - 10,830 3,584 - 9,045 - 12,629 Non-farm non-residential 307,390 3,571 22,087 - 333,048 296,682 3,288 23,393 - 323,363 Total Real Estate 516,535 10,200 40,598 - 567,333 485,379 10,099 43,928 - 539,406 Non-Real Estate: Agricultural 19,726 3 3,537 - 23,266 20,860 4 4,974 - 25,838 Commercial and industrial 195,819 566 9,793 - 206,178 214,184 471 9,546 - 224,201 Consumer and other 59,650 153 122 - 59,925 53,779 178 206 - 54,163 Total Non-Real Estate 275,195 722 13,452 - 289,369 288,823 653 14,726 - 304,202 Total loans before unearned income $ 791,730 $ 10,922 $ 54,050 $ - $ 856,702 $ 774,202 $ 10,752 $ 58,654 $ - $ 843,608 Unearned income (1,926 ) (2,025 ) Total loans net of unearned income $ 854,776 $ 841,583 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Allowance for Loan Losses [Abstract] | |
Summary of Changes in Allowance for Loan Losses and Allowance and Loans Individually and Collectively Evaluated for Impairment | A summary of changes in the allowance for loan losses, by portfolio type, for the three months ended March 31, 2016 and 2015 are as follows: For the Three Months Ended March 31, 2016 2015 (in thousands) Beginning Allowance (12/31/15) Charge-offs Recoveries Provision Ending Allowance (3/31/16) Beginning Allowance (12/31/14) Charge-offs Recoveries Provision Ending Allowance(3/31/15) Real Estate: Construction & land development $ 962 $ - $ 1 $ 199 $ 1,162 $ 702 $ - $ 1 $ (78 ) $ 625 Farmland 54 - - (33 ) 21 21 - - (4 ) 17 1 - 4 family 1,771 (59 ) 8 (528 ) 1,192 2,131 (6 ) 48 148 2,321 Multifamily 557 - 361 (606 ) 312 813 - 10 (9 ) 814 Non-farm non-residential 3,298 (641 ) - 399 3,056 2,713 - 2 (425 ) 2,290 Total real estate 6,642 (700 ) 370 (569 ) 5,743 6,380 (6 ) 61 (368 ) 6,067 Non-Real Estate: Agricultural 16 - - (7 ) 9 293 (336 ) - 69 26 Commercial and industrial 2,527 (241 ) 4 1,049 3,339 1,797 - 5 329 2,131 Consumer and other 230 (332 ) 56 370 324 371 (76 ) 51 228 574 Unallocated - - - - - 264 - - 352 616 Total Non-Real Estate 2,773 (573 ) 60 1,412 3,672 2,725 (412 ) 56 978 3,347 Total $ 9,415 $ (1,273 ) $ 430 $ 843 $ 9,415 $ 9,105 $ (418 ) $ 117 $ 610 $ 9,414 A summary of the allowance and loans individually and collectively evaluated for impairment are as follows As of March 31, 2016 (in thousands) Allowance Individually Evaluated for Impairment Allowance Collectively for Impairment Total Allowance for Credit Losses Loans Individually Loans Collectively Total Loans before Unearned Income Real Estate: Construction & land development $ - $ 1,162 $ 1,162 $ 365 $ 69,510 $ 69,875 Farmland - 21 21 - 22,037 22,037 1 - 4 family 222 970 1,192 2,967 128,576 131,543 Multifamily 62 250 312 5,262 5,568 10,830 Non-farm non-residential 932 2,124 3,056 11,801 321,247 333,048 Total Real Estate 1,216 4,527 5,743 20,395 546,938 567,333 Non-Real Estate: Agricultural - 9 9 3,459 19,807 23,266 Commercial and industrial 1,886 1,453 3,339 9,455 196,723 206,178 Consumer and other - 324 324 - 59,925 59,925 Unallocated - - - - - - Total Non-Real Estate 1,886 1,786 3,672 12,914 276,455 289,369 Total $ 3,102 $ 6,313 $ 9,415 $ 33,309 $ 823,393 $ 856,702 Unearned Income (1,926 ) Total loans net of unearned income $ 854,776 As of December 31, 2015 (in thousands) Allowance Individually Evaluated for Impairment Allowance Collectively for Impairment Total Allowance for Credit Losses Loans Individually Loans Collectively Total Loans before Unearned Income Real Estate: Construction & land development $ - $ 962 $ 962 $ 368 $ 55,764 $ 56,132 Farmland - 54 54 - 17,672 17,672 1 - 4 family 611 1,160 1,771 3,049 126,561 129,610 Multifamily 454 103 557 9,045 3,584 12,629 Non-farm non-residential 1,298 2,000 3,298 13,646 309,717 323,363 Total Real Estate 2,363 4,279 6,642 26,108 513,298 539,406 Non-Real Estate: Agricultural - 16 16 4,863 20,975 25,838 Commercial and industrial - 2,527 2,527 - 224,201 224,201 Consumer and other - 230 230 171 53,992 54,163 Unallocated - - - - - - Total Non-Real Estate - 2,773 2,773 5,034 299,168 304,202 Total $ 2,363 $ 7,052 $ 9,415 $ 31,142 $ 812,466 $ 843,608 Unearned Income (2,025 ) Total loans net of unearned income $ 841,583 |
Summary of Impaired Loans by Class | The following is a summary of impaired loans by class as of the date indicated: As of March 31, 2016 (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income Cash Basis Impaired Loans with no related allowance: Real Estate: Construction & land development $ 365 $ 823 $ - $ 365 $ - $ - Farmland - - - - - - 1 - 4 family 1,011 1,322 - 1,080 13 9 Multifamily - - - - - - Non-farm non-residential 3,187 3,677 - 3,196 26 29 Total Real Estate 4,563 5,822 - 4,641 39 38 Non-Real Estate: Agricultural 3,459 3,613 - 3,520 - - Commercial and industrial - - - - - - Consumer and other - - - - - - Total Non-Real Estate 3,459 3,613 - 3,520 - - Total Impaired Loans with no related allowance 8,022 9,435 - 8,161 39 38 Impaired Loans w ith an allowance recorded: Real Estate: Construction & land development - - - - - - Farmland - - - - - - 1 - 4 family 1,956 2,137 222 1,969 - - Multifamily 5,262 5,366 62 5,269 - - Non-farm non-residential 8,614 8,618 932 8,644 107 106 Total Real Estate 15,832 16,121 1,216 15,882 107 106 Non-Real Estate: Agricultural - - - - - - Commercial and industrial 9,455 9,455 1,886 9,474 1 2 Consumer and other - - - - - - Total Non-Real Estate 9,455 9,455 1,886 9,474 1 2 Total Impaired Loans with an allowance recorded 25,287 25,576 3,102 25,356 108 108 Total Impaired Loans $ 33,309 $ 35,011 $ 3,102 $ 33,517 $ 147 $ 146 The following is a summary of impaired loans by class as of the date indicated: As of December 31, 2015 (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Interest Income Cash Basis Impaired Loans with no related allowance: Real Estate: Construction & land development $ 368 $ 823 $ - $ 825 $ 41 $ 44 Farmland - - - - - - 1 - 4 family 1,054 1,358 - 1,354 79 84 Multifamily 3,728 4,240 - 4,305 254 72 Non-farm non-residential 3,637 4,116 - 4,124 165 147 Total Real Estate 8,787 10,537 - 10,608 539 347 Non-Real Estate: Agricultural 4,863 5,019 - 5,036 300 300 Commercial and industrial - - - - - - Consumer and other 171 317 - 335 27 20 Total Non-Real Estate 5,034 5,336 - 5,371 327 320 Total Impaired Loans with no related allowance 13,821 15,873 - 15,979 866 667 Impaired Loans w ith an allowance recorded: Real Estate: Construction & land development - - - - - - Farmland - - - - - - 1 - 4 family 1,995 2,144 611 2,079 103 125 Multifamily - - - - - - Non-farm non-residential 10,009 10,841 1,298 11,035 566 569 Total Real Estate 12,004 12,985 1,909 13,114 669 694 Non-Real Estate: Agricultural - - - - - - Commercial and industrial - - - - - - Consumer and other - - - - - - Total Non-Real Estate - - - - - - Total Impaired Loans with an allowance recorded 12,004 12,985 1,909 13,114 669 694 Total Impaired Loans $ 25,825 $ 28,858 $ 1,909 $ 29,093 $ 1,535 $ 1,361 |
Troubled Debt Restructurings | The following table identifies the troubled debt restructurings as of March 31, 2016 and December 31, 2015: March 31, 2016 December 31, 2015 Accruing Loans Accruing Loans (in thousands) Current 30-89 Days Past Due Nonaccrual Total TDRs Current 30-89 Days Past Due Nonaccrual Total TDRs Real Estate: Construction & land development $ - $ - $ 365 $ 365 $ - $ - $ 368 $ 368 Farmland - - - - - - - - 1-4 Family - - - - - - 1,702 1,702 Multifamily - - - - - - - - Non-farm non residential 2,981 - 206 3,187 3,431 - 206 3,637 Total Real Estate 2,981 - 571 3,552 3,431 - 2,276 5,707 Non-Real Estate: Agricultural - - - - - - - - Commercial and industrial - - - - - - - - Consumer and other - - - - - - - - Total Non-Real Estate - - - - - - - - Total $ 2,981 $ - $ 571 $ 3,552 $ 3,431 $ - $ 2,276 $ 5,707 The following table discloses TDR activity for the three months ended March 31, 2016. Troubled Debt Restructured Loans Activity Three Months Ended March 31, 2016 (in thousands) Beginning balance December 31, 2015 New TDRs Charge-offs post- modification Transferred to ORE Paydowns Construction to permanent financing Restructured to market terms Ending balance March 31, 2016 Real Estate: Construction & land development $ 368 $ - $ - $ - $ (3 ) $ - $ - $ 365 Farmland - - - - - - - - 1 - 4 family 1,702 - - - (32 ) - (1,670 ) - Multifamily - - - - - - - - Non-farm non-residential 3,637 - (5 ) - (4 ) - (441 ) 3,187 Total Real Estate 5,707 - (5 ) - (39 ) - (2,111 ) 3,552 Non-Real Estate: Agricultural - - - - - - - - Commercial and industrial - - - - - - - - Consumer and other - - - - - - - - Total Non-Real Estate - - - - - - - - Total $ 5,707 $ - $ (5 ) $ - $ (39 ) $ - $ (2,111 ) $ 3,552 |
Other Real Estate (ORE) (Tables
Other Real Estate (ORE) (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Other Real Estate (ORE) [Abstract] | |
Components of Other Real Estate Owned | Other real estate owned consists of the following at the dates indicated: (in thousands) March 31, 2016 December 31, 2015 Real Estate Owned Acquired by Foreclosure: Residential $ 564 $ 880 Construction & land development 25 25 Non-farm non-residential 637 672 Total Other Real Estate Owned and Foreclosed Property $ 1,226 $ 1,577 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies [Abstract] | |
Summary of Notional Amounts of Financial Instruments with Off-Balance Sheet Risk | Below is a summary of the notional amounts of the financial instruments with off-balance sheet risk at March 31, 2016 and December 31, 2015: Contract Amount (in thousands) March 31, 2016 December 31, 2015 Commitments to Extend Credit $ 81,987 $ 88,081 Unfunded Commitments under lines of credit $ 119,751 $ 107,581 Commercial and Standby letters of credit $ 6,711 $ 7,486 |
Fair Value (Tables)
Fair Value (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value [Abstract] | |
Fair Value, Assets Measured on Recurring Basis | The following table summarizes financial assets measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) March 31, 2016 December 31, 2015 Available for Sale Securities Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ 9,508 $ 30,501 Level 2: Significant Other Observable Inputs 389,082 338,167 Level 3: Significant Unobservable Inputs 8,923 7,701 Securities available for sale measured at fair value $ 407,513 $ 376,369 |
Fair Value Measurements, Nonrecurring | The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of March 31, 2016 and December 31, 2015, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) At March 31, 2016 At December 31, 2015 Impaired Loans - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ - $ - Level 2: Significant Other Observable Inputs 259 293 Level 3: Significant Unobservable Inputs 21,926 16,401 Impaired loans measured at fair value $ 22,185 $ 16,694 Other Real Estate Owned - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ - $ - Level 2: Significant Other Observable Inputs 613 1,104 Level 3: Significant Unobservable Inputs 613 473 Other real estate owned measured at fair value $ 1,226 $ 1,577 |
Financial Instruments (Tables)
Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Financial Instruments [Abstract] | |
Schedule of Estimated Fair Values and Carrying Values of Financial Instruments | The estimated fair values and carrying values of the financial instruments at March 31, 2016 and December 31, 2015 are presented in the following table: March 31, 2016 December 31, 2015 (in thousands) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Assets Cash and cash equivalents $ 25,821 $ 25,821 $ 37,272 $ 37,272 Securities, available for sale 407,513 407,513 376,369 376,369 Securities, held to maturity 149,243 149,834 169,752 168,148 Federal Home Loan Bank stock 1,304 1,304 935 935 Loans, net 845,361 843,802 832,168 831,731 Accrued interest receivable 6,325 6,325 6,015 6,015 Liabilities Deposits $ 1,300,727 $ 1,301,308 $ 1,295,870 $ 1,296,468 Borrowings 25,051 25,051 27,624 27,624 Junior subordinated debentures 14,605 14,605 14,597 14,597 Accrued interest payable 2,282 2,282 1,707 1,707 |
Securities, Summary Comparison
Securities, Summary Comparison of Securities by Type (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | $ 404,073 | $ 377,853 |
Gross unrealized gains | 5,382 | 3,160 |
Gross unrealized losses | (1,942) | (4,644) |
Fair value | 407,513 | 376,369 |
Held-to-maturity Securities [Abstract] | ||
Amortized cost | 149,243 | 169,752 |
Gross unrealized gains | 645 | 9 |
Gross unrealized losses | (54) | (1,613) |
Fair value | 149,834 | 168,148 |
US Treasuries [Member] | ||
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 9,000 | 29,999 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | 0 | 0 |
Fair value | 9,000 | 29,999 |
US Government Agencies [Member] | ||
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 214,787 | 165,364 |
Gross unrealized gains | 516 | 0 |
Gross unrealized losses | (10) | (1,553) |
Fair value | 215,293 | 163,811 |
Corporate Debt Securities [Member] | ||
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 107,443 | 105,680 |
Gross unrealized gains | 3,335 | 2,259 |
Gross unrealized losses | (1,913) | (2,803) |
Fair value | 108,865 | 105,136 |
Mutual Funds or Other Equity Securities [Member] | ||
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 580 | 580 |
Gross unrealized gains | 8 | 2 |
Gross unrealized losses | 0 | 0 |
Fair value | 588 | 582 |
Municipal Bonds [Member] | ||
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 44,030 | 47,339 |
Gross unrealized gains | 1,245 | 899 |
Gross unrealized losses | (14) | (5) |
Fair value | 45,261 | 48,233 |
Mortgage-backed Securities [Member] | ||
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 28,233 | 28,891 |
Gross unrealized gains | 278 | 0 |
Gross unrealized losses | (5) | (283) |
Fair value | 28,506 | 28,608 |
US Government Agencies [Member] | ||
Held-to-maturity Securities [Abstract] | ||
Amortized cost | 59,348 | 77,343 |
Gross unrealized gains | 13 | 0 |
Gross unrealized losses | (36) | (721) |
Fair value | 59,325 | 76,622 |
Mortgage-backed Securities [Member] | ||
Held-to-maturity Securities [Abstract] | ||
Amortized cost | 89,895 | 92,409 |
Gross unrealized gains | 632 | 9 |
Gross unrealized losses | (18) | (892) |
Fair value | $ 90,509 | $ 91,526 |
Securities, Scheduled Maturitie
Securities, Scheduled Maturities of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Available-for-sale Securities, Debt Maturities, Amortized Cost [Abstract] | ||
Due in one year or less | $ 16,977 | |
Due after one year through five years | 126,906 | |
Due after five years through 10 years | 193,719 | |
Over 10 years | 38,238 | |
Subtotal | 375,840 | |
Mortgage-backed Securities | 28,233 | |
Amortized cost | 404,073 | |
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract] | ||
Due in one year or less | 17,047 | |
Due after one year through five years | 128,355 | |
Due after five years through 10 years | 194,488 | |
Over 10 years | 39,117 | |
Subtotal | 379,007 | |
Mortgage-backed Securities | 28,506 | |
Fair value | 407,513 | |
Held-to-maturity Securities, Debt Maturities, Amortized Cost [Abstract] | ||
Due in one year or less | 0 | |
Due after one year through five years | 22,804 | |
Due after five years through 10 years | 36,544 | |
Over 10 years | 0 | |
Subtotal | 59,348 | |
Mortgage-backed securities | 89,895 | |
Amortized cost | 149,243 | $ 169,752 |
Held-to-maturity Securities, Debt Maturities, Fair Value [Abstract] | ||
Due in one year or less | 0 | |
Due after on year through five years | 22,806 | |
Due after five years through 10 years | 36,519 | |
Over 10 years | 0 | |
Subtotal | 59,325 | |
Mortgage-backed securities | 90,509 | |
Fair value | $ 149,834 | $ 168,148 |
Securities, Pledged Securities
Securities, Pledged Securities (Details) $ in Millions | Mar. 31, 2016USD ($) |
Securities [Abstract] | |
Pledged securities as collateral for public fund deposits and borrowings | $ 438.7 |
Pledged securities, market value | $ 439.4 |
Securities, Summary of Securiti
Securities, Summary of Securities in Continuous Unrealized Loss Position (Details) $ in Thousands | Mar. 31, 2016USD ($)Security | Dec. 31, 2015USD ($)Security |
Summary of Fair Value of Securities with Gross Unrealized Losses and Aging of Gross Unrealized Losses [Abstract] | ||
Less than 12 months, number of securities | Security | 56 | 179 |
Less than 12 months, fair value | $ 43,961 | $ 187,173 |
Less than 12 months, gross unrealized losses | $ (509) | $ (2,718) |
12 months or more, number of securities | Security | 56 | 38 |
12 months or more, fair value | $ 18,245 | $ 52,682 |
12 months or more, gross unrealized losses | $ (1,433) | $ (1,926) |
Total, number of securities | Security | 112 | 217 |
Total, fair value | $ 62,206 | $ 239,855 |
Total, gross unrealized losses | $ (1,942) | $ (4,644) |
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract] | ||
Less than 12 months, number of securities | Security | 4 | 55 |
Less than 12 months, fair value | $ 15,984 | $ 134,728 |
Less than 12 months, gross unrealized losses | $ (13) | $ (1,296) |
12 months or more, number of securities | Security | 6 | 7 |
12 months or more, fair value | $ 24,767 | $ 23,852 |
12 months or more, gross unrealized losses | $ (41) | $ (317) |
Total, number of securities | Security | 10 | 62 |
Total, fair value | $ 40,751 | $ 158,580 |
Total, gross unrealized losses | $ (54) | $ (1,613) |
Securities Disclosures [Abstract] | ||
Number of debt securities with unrealized losses | Security | 122 | |
Debt securities with unrealized losses as percentage of total individual securities' amortized cost basis | 1.90% | |
Debt securities with unrealized losses as percentage of amortized cost basis of investment securities portfolio | 0.40% | |
Number of debt securities in continuous loss position for over 12 months | Security | 62 | |
Debt securities in a continuous loss position for over 12 months, amortized cost basis | $ 44,500 | |
Debt securities in a continuous loss position for over 12 months, unrealized loss | $ 1,500 | |
US Treasuries [Member] | ||
Summary of Fair Value of Securities with Gross Unrealized Losses and Aging of Gross Unrealized Losses [Abstract] | ||
Less than 12 months, number of securities | Security | 1 | 2 |
Less than 12 months, fair value | $ 9,000 | $ 9,999 |
Less than 12 months, gross unrealized losses | $ 0 | $ 0 |
12 months or more, number of securities | Security | 0 | 0 |
12 months or more, fair value | $ 0 | $ 0 |
12 months or more, gross unrealized losses | $ 0 | $ 0 |
Total, number of securities | Security | 1 | 2 |
Total, fair value | $ 9,000 | $ 9,999 |
Total, gross unrealized losses | $ 0 | $ 0 |
US Government Agencies [Member] | ||
Summary of Fair Value of Securities with Gross Unrealized Losses and Aging of Gross Unrealized Losses [Abstract] | ||
Less than 12 months, number of securities | Security | 4 | 49 |
Less than 12 months, fair value | $ 19,993 | $ 116,473 |
Less than 12 months, gross unrealized losses | $ (7) | $ (921) |
12 months or more, number of securities | Security | 3 | 11 |
12 months or more, fair value | $ 4,997 | $ 47,338 |
12 months or more, gross unrealized losses | $ (3) | $ (632) |
Total, number of securities | Security | 7 | 60 |
Total, fair value | $ 24,990 | $ 163,811 |
Total, gross unrealized losses | $ (10) | $ (1,553) |
Corporate Debt Securities [Member] | ||
Summary of Fair Value of Securities with Gross Unrealized Losses and Aging of Gross Unrealized Losses [Abstract] | ||
Less than 12 months, number of securities | Security | 48 | 112 |
Less than 12 months, fair value | $ 10,123 | $ 31,414 |
Less than 12 months, gross unrealized losses | $ (483) | $ (1,509) |
12 months or more, number of securities | Security | 53 | 27 |
12 months or more, fair value | $ 13,248 | $ 5,344 |
12 months or more, gross unrealized losses | $ (1,430) | $ (1,294) |
Total, number of securities | Security | 101 | 139 |
Total, fair value | $ 23,371 | $ 36,758 |
Total, gross unrealized losses | $ (1,913) | $ (2,803) |
Mutual Funds or Other Equity Securities [Member] | ||
Summary of Fair Value of Securities with Gross Unrealized Losses and Aging of Gross Unrealized Losses [Abstract] | ||
Less than 12 months, number of securities | Security | 0 | 0 |
Less than 12 months, fair value | $ 0 | $ 0 |
Less than 12 months, gross unrealized losses | $ 0 | $ 0 |
12 months or more, number of securities | Security | 0 | 0 |
12 months or more, fair value | $ 0 | $ 0 |
12 months or more, gross unrealized losses | $ 0 | $ 0 |
Total, number of securities | Security | 0 | 0 |
Total, fair value | $ 0 | $ 0 |
Total, gross unrealized losses | $ 0 | $ 0 |
Municipal Bonds [Member] | ||
Summary of Fair Value of Securities with Gross Unrealized Losses and Aging of Gross Unrealized Losses [Abstract] | ||
Less than 12 months, number of securities | Security | 1 | 2 |
Less than 12 months, fair value | $ 1,792 | $ 679 |
Less than 12 months, gross unrealized losses | $ (14) | $ (5) |
12 months or more, number of securities | Security | 0 | 0 |
12 months or more, fair value | $ 0 | $ 0 |
12 months or more, gross unrealized losses | $ 0 | $ 0 |
Total, number of securities | Security | 1 | 2 |
Total, fair value | $ 1,792 | $ 679 |
Total, gross unrealized losses | $ (14) | $ (5) |
Mortgage-backed Securities [Member] | ||
Summary of Fair Value of Securities with Gross Unrealized Losses and Aging of Gross Unrealized Losses [Abstract] | ||
Less than 12 months, number of securities | Security | 2 | 14 |
Less than 12 months, fair value | $ 3,053 | $ 28,608 |
Less than 12 months, gross unrealized losses | $ (5) | $ (283) |
12 months or more, number of securities | Security | 0 | 0 |
12 months or more, fair value | $ 0 | $ 0 |
12 months or more, gross unrealized losses | $ 0 | $ 0 |
Total, number of securities | Security | 2 | 14 |
Total, fair value | $ 3,053 | $ 28,608 |
Total, gross unrealized losses | $ (5) | $ (283) |
US Government Agencies [Member] | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract] | ||
Less than 12 months, number of securities | Security | 1 | 16 |
Less than 12 months, fair value | $ 6,679 | $ 51,865 |
Less than 12 months, gross unrealized losses | $ (3) | $ (404) |
12 months or more, number of securities | Security | 5 | 7 |
12 months or more, fair value | $ 21,995 | $ 23,852 |
12 months or more, gross unrealized losses | $ (33) | $ (317) |
Total, number of securities | Security | 6 | 23 |
Total, fair value | $ 28,674 | $ 75,717 |
Total, gross unrealized losses | $ (36) | $ (721) |
Mortgage-backed Securities [Member] | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract] | ||
Less than 12 months, number of securities | Security | 3 | 39 |
Less than 12 months, fair value | $ 9,305 | $ 82,863 |
Less than 12 months, gross unrealized losses | $ (10) | $ (892) |
12 months or more, number of securities | Security | 1 | 0 |
12 months or more, fair value | $ 2,772 | $ 0 |
12 months or more, gross unrealized losses | $ (8) | $ 0 |
Total, number of securities | Security | 4 | 39 |
Total, fair value | $ 12,077 | $ 82,863 |
Total, gross unrealized losses | $ (18) | $ (892) |
Securities, Other Than Temporar
Securities, Other Than Temporary Impairments (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016USD ($) | Dec. 31, 2015USD ($)Issuer | |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward] | ||
Beginning balance of credit losses | $ 175 | |
Other-than-temporary impairment credit losses on securities not previously OTTI | 0 | |
Increases for additional credit losses on securities previously determined to be OTTI | 0 | |
Reduction for increases in cash flows | 0 | |
Reduction due to credit impaired securities sold or fully settled | 0 | |
Ending balance of cumulative credit losses recognized in earnings | 175 | $ 175 |
OTTI recognized in other comprehensive income (non-credit component) | $ 300 | |
Available-for-sale Securities [Member] | Corporate Debt Securities [Member] | ||
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | ||
Number of issuers having other-than-temporary impairment losses | Issuer | 2 |
Securities, Exposure to Bond Is
Securities, Exposure to Bond Issuers that Exceeded 10% of Stockholders' Equity (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | $ 556,756 | $ 546,121 |
Stockholders' Equity, Total [Member] | ||
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | 392,262 | |
Fair value | 393,633 | |
Stockholders' Equity, Total [Member] | Federal Home Loan Bank (FHLB) [Member] | ||
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | 89,944 | |
Fair value | 90,091 | |
Stockholders' Equity, Total [Member] | Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) [Member] | ||
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | 60,145 | |
Fair value | 60,458 | |
Stockholders' Equity, Total [Member] | Federal National Mortgage Association (Fannie Mae-FNMA) [Member] | ||
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | 134,612 | |
Fair value | 135,261 | |
Stockholders' Equity, Total [Member] | Federal Farm Credit Bank (FFCB) [Member] | ||
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | 107,561 | |
Fair value | $ 107,823 |
Loans, Components of Loan Portf
Loans, Components of Loan Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 856,702 | $ 843,608 |
Percent of category | 100.00% | 100.00% |
Unearned income | $ (1,926) | $ (2,025) |
Total Loans Net of Unearned Income | 854,776 | 841,583 |
Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 567,333 | $ 539,406 |
Percent of category | 66.20% | 63.90% |
Real Estate [Member] | Construction & Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 69,875 | $ 56,132 |
Percent of category | 8.10% | 6.60% |
Real Estate [Member] | Farmland [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 22,037 | $ 17,672 |
Percent of category | 2.60% | 2.10% |
Real Estate [Member] | 1- 4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 131,543 | $ 129,610 |
Percent of category | 15.30% | 15.40% |
Real Estate [Member] | Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 10,830 | $ 12,629 |
Percent of category | 1.30% | 1.50% |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 333,048 | $ 323,363 |
Percent of category | 38.90% | 38.30% |
Non-Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 289,369 | $ 304,202 |
Percent of category | 33.80% | 36.10% |
Non-Real Estate [Member] | Agricultural [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 23,266 | $ 25,838 |
Percent of category | 2.70% | 3.10% |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 206,178 | $ 224,201 |
Percent of category | 24.10% | 26.60% |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans before unearned income | $ 59,925 | $ 54,163 |
Percent of category | 7.00% | 6.40% |
Loans, Fixed and Floating Rate
Loans, Fixed and Floating Rate Loans by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivables, Fixed and Floating Rate Loans by Contractual Maturity [Abstract] | ||
One year or less | $ 144,489 | $ 135,086 |
More than one to five years | 541,250 | 562,059 |
More than five to 15 years | 100,684 | 80,653 |
Over 15 years | 45,857 | 45,771 |
Subtotal | 832,280 | 823,569 |
Nonaccrual loans | 24,422 | 20,039 |
Total loans before unearned income | 856,702 | 843,608 |
Unearned income | (1,926) | (2,025) |
Total Loans Net of Unearned Income | 854,776 | 841,583 |
Fixed Rate Loans [Member] | ||
Financing Receivables, Fixed and Floating Rate Loans by Contractual Maturity [Abstract] | ||
One year or less | 90,880 | 86,975 |
More than one to five years | 315,947 | 315,685 |
More than five to 15 years | 67,975 | 49,197 |
Over 15 years | 38,086 | 36,438 |
Subtotal | 512,888 | 488,295 |
Floating Rate Loans [Member] | ||
Financing Receivables, Fixed and Floating Rate Loans by Contractual Maturity [Abstract] | ||
One year or less | 53,609 | 48,111 |
More than one to five years | 225,303 | 246,374 |
More than five to 15 years | 32,709 | 31,456 |
Over 15 years | 7,771 | 9,333 |
Subtotal | 319,392 | 335,274 |
Loans at interest rate floor | $ 127,000 | $ 132,900 |
Loans, Receivables Past Due (De
Loans, Receivables Past Due (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | $ 30,262 | $ 28,626 |
Current | 826,440 | 814,982 |
Total loans before unearned income | 856,702 | 843,608 |
Recorded investment 90 days accruing | 345 | 410 |
Unearned income | (1,926) | (2,025) |
Total Loans Net of Unearned Income | 854,776 | 841,583 |
30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 5,495 | 8,177 |
90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 24,767 | 20,449 |
Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 17,813 | 22,154 |
Current | 549,520 | 517,252 |
Total loans before unearned income | 567,333 | 539,406 |
Recorded investment 90 days accruing | 345 | 410 |
Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 4,849 | 4,552 |
Real Estate [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 12,964 | 17,602 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 1,016 | 570 |
Current | 68,859 | 55,562 |
Total loans before unearned income | 69,875 | 56,132 |
Recorded investment 90 days accruing | 0 | 0 |
Real Estate [Member] | Construction & Land Development [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 461 | 12 |
Real Estate [Member] | Construction & Land Development [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 555 | 558 |
Real Estate [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 118 | 136 |
Current | 21,919 | 17,536 |
Total loans before unearned income | 22,037 | 17,672 |
Recorded investment 90 days accruing | 0 | 19 |
Real Estate [Member] | Farmland [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 0 | 0 |
Real Estate [Member] | Farmland [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 118 | 136 |
Real Estate [Member] | 1- 4 Family [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 8,169 | 7,475 |
Current | 123,374 | 122,135 |
Total loans before unearned income | 131,543 | 129,610 |
Recorded investment 90 days accruing | 216 | 391 |
Real Estate [Member] | 1- 4 Family [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 3,204 | 2,546 |
Real Estate [Member] | 1- 4 Family [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 4,965 | 4,929 |
Real Estate [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 5,262 | 9,045 |
Current | 5,568 | 3,584 |
Total loans before unearned income | 10,830 | 12,629 |
Recorded investment 90 days accruing | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 5,262 | 9,045 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 3,248 | 4,928 |
Current | 329,800 | 318,435 |
Total loans before unearned income | 333,048 | 323,363 |
Recorded investment 90 days accruing | 129 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 1,184 | 1,994 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 2,064 | 2,934 |
Non-Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 12,449 | 6,472 |
Current | 276,920 | 297,730 |
Total loans before unearned income | 289,369 | 304,202 |
Recorded investment 90 days accruing | 0 | 0 |
Non-Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 646 | 3,625 |
Non-Real Estate [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 11,803 | 2,847 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 3,537 | 4,974 |
Current | 19,729 | 20,864 |
Total loans before unearned income | 23,266 | 25,838 |
Recorded investment 90 days accruing | 0 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 0 | 2,346 |
Non-Real Estate [Member] | Agricultural [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 3,537 | 2,628 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 8,602 | 362 |
Current | 197,576 | 223,839 |
Total loans before unearned income | 206,178 | 224,201 |
Recorded investment 90 days accruing | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 336 | 314 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 8,266 | 48 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 310 | 1,136 |
Current | 59,615 | 53,027 |
Total loans before unearned income | 59,925 | 54,163 |
Recorded investment 90 days accruing | 0 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 310 | 965 |
Non-Real Estate [Member] | Consumer and Other [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | $ 0 | $ 171 |
Loans, Nonaccrual Loans (Detail
Loans, Nonaccrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | $ 24,422 | $ 20,039 |
Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 12,619 | 17,192 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 555 | 558 |
Real Estate [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 118 | 117 |
Real Estate [Member] | 1- 4 Family [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 4,749 | 4,538 |
Real Estate [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 5,262 | 9,045 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 1,935 | 2,934 |
Non-Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 11,803 | 2,847 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 3,537 | 2,628 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 8,266 | 48 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | $ 0 | $ 171 |
Loans, Credit Exposure of Portf
Loans, Credit Exposure of Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | $ 856,702 | $ 843,608 |
Unearned income | (1,926) | (2,025) |
Total Loans Net of Unearned Income | 854,776 | 841,583 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 791,730 | 774,202 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 10,922 | 10,752 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 54,050 | 58,654 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 567,333 | 539,406 |
Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 516,535 | 485,379 |
Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 10,200 | 10,099 |
Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 40,598 | 43,928 |
Real Estate [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 69,875 | 56,132 |
Real Estate [Member] | Construction & Land Development [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 65,603 | 51,681 |
Real Estate [Member] | Construction & Land Development [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 181 | 386 |
Real Estate [Member] | Construction & Land Development [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 4,091 | 4,065 |
Real Estate [Member] | Construction & Land Development [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Real Estate [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 22,037 | 17,672 |
Real Estate [Member] | Farmland [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 21,919 | 17,544 |
Real Estate [Member] | Farmland [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Real Estate [Member] | Farmland [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 118 | 118 |
Real Estate [Member] | Farmland [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Real Estate [Member] | 1- 4 Family [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 131,543 | 129,610 |
Real Estate [Member] | 1- 4 Family [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 118,091 | 115,878 |
Real Estate [Member] | 1- 4 Family [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 6,448 | 6,425 |
Real Estate [Member] | 1- 4 Family [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 7,004 | 7,307 |
Real Estate [Member] | 1- 4 Family [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 10,830 | 12,629 |
Real Estate [Member] | Multifamily [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 3,532 | 3,584 |
Real Estate [Member] | Multifamily [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 7,298 | 9,045 |
Real Estate [Member] | Multifamily [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 333,048 | 323,363 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 307,390 | 296,682 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 3,571 | 3,288 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 22,087 | 23,393 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Non-Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 289,369 | 304,202 |
Non-Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 275,195 | 288,823 |
Non-Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 722 | 653 |
Non-Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 13,452 | 14,726 |
Non-Real Estate [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 23,266 | 25,838 |
Non-Real Estate [Member] | Agricultural [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 19,726 | 20,860 |
Non-Real Estate [Member] | Agricultural [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 3 | 4 |
Non-Real Estate [Member] | Agricultural [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 3,537 | 4,974 |
Non-Real Estate [Member] | Agricultural [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 206,178 | 224,201 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 195,819 | 214,184 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 566 | 471 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 9,793 | 9,546 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 0 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 59,925 | 54,163 |
Non-Real Estate [Member] | Consumer and Other [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 59,650 | 53,779 |
Non-Real Estate [Member] | Consumer and Other [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 153 | 178 |
Non-Real Estate [Member] | Consumer and Other [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 122 | 206 |
Non-Real Estate [Member] | Consumer and Other [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | $ 0 | $ 0 |
Allowance for Loan Losses, Summ
Allowance for Loan Losses, Summary of Changes in Allowance for Loan Losses, by Portfolio Type (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | $ 9,415 | $ 9,105 |
Charge-offs | (1,273) | (418) |
Recoveries | 430 | 117 |
Provision | 843 | 610 |
Ending allowance | 9,415 | 9,414 |
Real Estate [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 6,642 | 6,380 |
Charge-offs | (700) | (6) |
Recoveries | 370 | 61 |
Provision | (569) | (368) |
Ending allowance | 5,743 | 6,067 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 962 | 702 |
Charge-offs | 0 | 0 |
Recoveries | 1 | 1 |
Provision | 199 | (78) |
Ending allowance | 1,162 | 625 |
Real Estate [Member] | Farmland [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 54 | 21 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Provision | (33) | (4) |
Ending allowance | 21 | 17 |
Real Estate [Member] | 1- 4 Family [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 1,771 | 2,131 |
Charge-offs | (59) | (6) |
Recoveries | 8 | 48 |
Provision | (528) | 148 |
Ending allowance | 1,192 | 2,321 |
Real Estate [Member] | Multifamily [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 557 | 813 |
Charge-offs | 0 | 0 |
Recoveries | 361 | 10 |
Provision | (606) | (9) |
Ending allowance | 312 | 814 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 3,298 | 2,713 |
Charge-offs | (641) | 0 |
Recoveries | 0 | 2 |
Provision | 399 | (425) |
Ending allowance | 3,056 | 2,290 |
Non-Real Estate [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 2,773 | 2,725 |
Charge-offs | (573) | (412) |
Recoveries | 60 | 56 |
Provision | 1,412 | 978 |
Ending allowance | 3,672 | 3,347 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 16 | 293 |
Charge-offs | 0 | (336) |
Recoveries | 0 | 0 |
Provision | (7) | 69 |
Ending allowance | 9 | 26 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 2,527 | 1,797 |
Charge-offs | (241) | 0 |
Recoveries | 4 | 5 |
Provision | 1,049 | 329 |
Ending allowance | 3,339 | 2,131 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 230 | 371 |
Charge-offs | (332) | (76) |
Recoveries | 56 | 51 |
Provision | 370 | 228 |
Ending allowance | 324 | 574 |
Non-Real Estate [Member] | Unallocated [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 0 | 264 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Provision | 0 | 352 |
Ending allowance | $ 0 | $ 616 |
Allowance for Loan Losses, Su39
Allowance for Loan Losses, Summary of Allowance and Loans Individually and Collectively Evaluated for Impairment (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | $ 3,102 | $ 2,363 | ||
Allowance collectively evaluated for impairment | 6,313 | 7,052 | ||
Total allowance for credit losses | 9,415 | 9,415 | $ 9,414 | $ 9,105 |
Loans individually evaluated for impairment | 33,309 | 31,142 | ||
Loans collectively evaluated for impairment | 823,393 | 812,466 | ||
Total loans before unearned income | 856,702 | 843,608 | ||
Unearned income | (1,926) | (2,025) | ||
Total Loans Net of Unearned Income | 854,776 | 841,583 | ||
Real Estate [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 1,216 | 2,363 | ||
Allowance collectively evaluated for impairment | 4,527 | 4,279 | ||
Total allowance for credit losses | 5,743 | 6,642 | 6,067 | 6,380 |
Loans individually evaluated for impairment | 20,395 | 26,108 | ||
Loans collectively evaluated for impairment | 546,938 | 513,298 | ||
Total loans before unearned income | 567,333 | 539,406 | ||
Real Estate [Member] | Construction & Land Development [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 0 | 0 | ||
Allowance collectively evaluated for impairment | 1,162 | 962 | ||
Total allowance for credit losses | 1,162 | 962 | 625 | 702 |
Loans individually evaluated for impairment | 365 | 368 | ||
Loans collectively evaluated for impairment | 69,510 | 55,764 | ||
Total loans before unearned income | 69,875 | 56,132 | ||
Real Estate [Member] | Farmland [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 0 | 0 | ||
Allowance collectively evaluated for impairment | 21 | 54 | ||
Total allowance for credit losses | 21 | 54 | 17 | 21 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 22,037 | 17,672 | ||
Total loans before unearned income | 22,037 | 17,672 | ||
Real Estate [Member] | 1- 4 Family [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 222 | 611 | ||
Allowance collectively evaluated for impairment | 970 | 1,160 | ||
Total allowance for credit losses | 1,192 | 1,771 | 2,321 | 2,131 |
Loans individually evaluated for impairment | 2,967 | 3,049 | ||
Loans collectively evaluated for impairment | 128,576 | 126,561 | ||
Total loans before unearned income | 131,543 | 129,610 | ||
Real Estate [Member] | Multifamily [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 62 | 454 | ||
Allowance collectively evaluated for impairment | 250 | 103 | ||
Total allowance for credit losses | 312 | 557 | 814 | 813 |
Loans individually evaluated for impairment | 5,262 | 9,045 | ||
Loans collectively evaluated for impairment | 5,568 | 3,584 | ||
Total loans before unearned income | 10,830 | 12,629 | ||
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 932 | 1,298 | ||
Allowance collectively evaluated for impairment | 2,124 | 2,000 | ||
Total allowance for credit losses | 3,056 | 3,298 | 2,290 | 2,713 |
Loans individually evaluated for impairment | 11,801 | 13,646 | ||
Loans collectively evaluated for impairment | 321,247 | 309,717 | ||
Total loans before unearned income | 333,048 | 323,363 | ||
Non-Real Estate [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 1,886 | 0 | ||
Allowance collectively evaluated for impairment | 1,786 | 2,773 | ||
Total allowance for credit losses | 3,672 | 2,773 | 3,347 | 2,725 |
Loans individually evaluated for impairment | 12,914 | 5,034 | ||
Loans collectively evaluated for impairment | 276,455 | 299,168 | ||
Total loans before unearned income | 289,369 | 304,202 | ||
Non-Real Estate [Member] | Agricultural [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 0 | 0 | ||
Allowance collectively evaluated for impairment | 9 | 16 | ||
Total allowance for credit losses | 9 | 16 | 26 | 293 |
Loans individually evaluated for impairment | 3,459 | 4,863 | ||
Loans collectively evaluated for impairment | 19,807 | 20,975 | ||
Total loans before unearned income | 23,266 | 25,838 | ||
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 1,886 | 0 | ||
Allowance collectively evaluated for impairment | 1,453 | 2,527 | ||
Total allowance for credit losses | 3,339 | 2,527 | 2,131 | 1,797 |
Loans individually evaluated for impairment | 9,455 | 0 | ||
Loans collectively evaluated for impairment | 196,723 | 224,201 | ||
Total loans before unearned income | 206,178 | 224,201 | ||
Non-Real Estate [Member] | Consumer and Other [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 0 | 0 | ||
Allowance collectively evaluated for impairment | 324 | 230 | ||
Total allowance for credit losses | 324 | 230 | 574 | 371 |
Loans individually evaluated for impairment | 0 | 171 | ||
Loans collectively evaluated for impairment | 59,925 | 53,992 | ||
Total loans before unearned income | 59,925 | 54,163 | ||
Non-Real Estate [Member] | Unallocated [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 0 | 0 | ||
Allowance collectively evaluated for impairment | 0 | 0 | ||
Total allowance for credit losses | 0 | 0 | $ 616 | $ 264 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 0 | 0 | ||
Total loans before unearned income | $ 0 | $ 0 |
Allowance for Loan Losses, Impa
Allowance for Loan Losses, Impaired Loans by Class (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | $ 8,022 | $ 13,821 |
Unpaid principal balance | 9,435 | 15,873 |
Average recorded investment | 8,161 | 15,979 |
Interest income recognized | 39 | 866 |
Interest income cash basis | 38 | 667 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 25,287 | 12,004 |
Unpaid principal balance | 25,576 | 12,985 |
Related allowance | 3,102 | 1,909 |
Average recorded investment | 25,356 | 13,114 |
Interest income recognized | 108 | 669 |
Interest income cash basis | 108 | 694 |
Total impaired loans [Abstract] | ||
Recorded investment | 33,309 | 25,825 |
Unpaid principal balance | 35,011 | 28,858 |
Related allowance | 3,102 | 1,909 |
Average recorded investment | 33,517 | 29,093 |
Interest income recognized | 147 | 1,535 |
Interest income cash basis | 146 | 1,361 |
Real Estate [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 4,563 | 8,787 |
Unpaid principal balance | 5,822 | 10,537 |
Average recorded investment | 4,641 | 10,608 |
Interest income recognized | 39 | 539 |
Interest income cash basis | 38 | 347 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 15,832 | 12,004 |
Unpaid principal balance | 16,121 | 12,985 |
Related allowance | 1,216 | 1,909 |
Average recorded investment | 15,882 | 13,114 |
Interest income recognized | 107 | 669 |
Interest income cash basis | 106 | 694 |
Total impaired loans [Abstract] | ||
Related allowance | 1,216 | 1,909 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 365 | 368 |
Unpaid principal balance | 823 | 823 |
Average recorded investment | 365 | 825 |
Interest income recognized | 0 | 41 |
Interest income cash basis | 0 | 44 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 0 | 0 |
Unpaid principal balance | 0 | 0 |
Related allowance | 0 | 0 |
Average recorded investment | 0 | 0 |
Interest income recognized | 0 | 0 |
Interest income cash basis | 0 | 0 |
Total impaired loans [Abstract] | ||
Related allowance | 0 | 0 |
Real Estate [Member] | Farmland [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 0 | 0 |
Unpaid principal balance | 0 | 0 |
Average recorded investment | 0 | 0 |
Interest income recognized | 0 | 0 |
Interest income cash basis | 0 | 0 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 0 | 0 |
Unpaid principal balance | 0 | 0 |
Related allowance | 0 | 0 |
Average recorded investment | 0 | 0 |
Interest income recognized | 0 | 0 |
Interest income cash basis | 0 | 0 |
Total impaired loans [Abstract] | ||
Related allowance | 0 | 0 |
Real Estate [Member] | 1- 4 Family [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 1,011 | 1,054 |
Unpaid principal balance | 1,322 | 1,358 |
Average recorded investment | 1,080 | 1,354 |
Interest income recognized | 13 | 79 |
Interest income cash basis | 9 | 84 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 1,956 | 1,995 |
Unpaid principal balance | 2,137 | 2,144 |
Related allowance | 222 | 611 |
Average recorded investment | 1,969 | 2,079 |
Interest income recognized | 0 | 103 |
Interest income cash basis | 0 | 125 |
Total impaired loans [Abstract] | ||
Related allowance | 222 | 611 |
Real Estate [Member] | Multifamily [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 0 | 3,728 |
Unpaid principal balance | 0 | 4,240 |
Average recorded investment | 0 | 4,305 |
Interest income recognized | 0 | 254 |
Interest income cash basis | 0 | 72 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 5,262 | 0 |
Unpaid principal balance | 5,366 | 0 |
Related allowance | 62 | 0 |
Average recorded investment | 5,269 | 0 |
Interest income recognized | 0 | 0 |
Interest income cash basis | 0 | 0 |
Total impaired loans [Abstract] | ||
Related allowance | 62 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 3,187 | 3,637 |
Unpaid principal balance | 3,677 | 4,116 |
Average recorded investment | 3,196 | 4,124 |
Interest income recognized | 26 | 165 |
Interest income cash basis | 29 | 147 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 8,614 | 10,009 |
Unpaid principal balance | 8,618 | 10,841 |
Related allowance | 932 | 1,298 |
Average recorded investment | 8,644 | 11,035 |
Interest income recognized | 107 | 566 |
Interest income cash basis | 106 | 569 |
Total impaired loans [Abstract] | ||
Related allowance | 932 | 1,298 |
Non-Real Estate [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 3,459 | 5,034 |
Unpaid principal balance | 3,613 | 5,336 |
Average recorded investment | 3,520 | 5,371 |
Interest income recognized | 0 | 327 |
Interest income cash basis | 0 | 320 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 9,455 | 0 |
Unpaid principal balance | 9,455 | 0 |
Related allowance | 1,886 | 0 |
Average recorded investment | 9,474 | 0 |
Interest income recognized | 1 | 0 |
Interest income cash basis | 2 | 0 |
Total impaired loans [Abstract] | ||
Related allowance | 1,886 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 3,459 | 4,863 |
Unpaid principal balance | 3,613 | 5,019 |
Average recorded investment | 3,520 | 5,036 |
Interest income recognized | 0 | 300 |
Interest income cash basis | 0 | 300 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 0 | 0 |
Unpaid principal balance | 0 | 0 |
Related allowance | 0 | 0 |
Average recorded investment | 0 | 0 |
Interest income recognized | 0 | 0 |
Interest income cash basis | 0 | 0 |
Total impaired loans [Abstract] | ||
Related allowance | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 0 | 0 |
Unpaid principal balance | 0 | 0 |
Average recorded investment | 0 | 0 |
Interest income recognized | 0 | 0 |
Interest income cash basis | 0 | 0 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 9,455 | 0 |
Unpaid principal balance | 9,455 | 0 |
Related allowance | 1,886 | 0 |
Average recorded investment | 9,474 | 0 |
Interest income recognized | 1 | 0 |
Interest income cash basis | 2 | 0 |
Total impaired loans [Abstract] | ||
Related allowance | 1,886 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 0 | 171 |
Unpaid principal balance | 0 | 317 |
Average recorded investment | 0 | 335 |
Interest income recognized | 0 | 27 |
Interest income cash basis | 0 | 20 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 0 | 0 |
Unpaid principal balance | 0 | 0 |
Related allowance | 0 | 0 |
Average recorded investment | 0 | 0 |
Interest income recognized | 0 | 0 |
Interest income cash basis | 0 | 0 |
Total impaired loans [Abstract] | ||
Related allowance | $ 0 | $ 0 |
Allowance for Loan Losses, Trou
Allowance for Loan Losses, Troubled Debt Restructurings (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | $ 2,981 | $ 3,431 |
Nonaccrual | 571 | 2,276 |
Total TDRs | 3,552 | 5,707 |
30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | 0 | 0 |
Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | 2,981 | 3,431 |
Nonaccrual | 571 | 2,276 |
Total TDRs | 3,552 | 5,707 |
Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | 0 | 0 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | 0 | 0 |
Nonaccrual | 365 | 368 |
Total TDRs | 365 | 368 |
Real Estate [Member] | Construction & Land Development [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | 0 | 0 |
Real Estate [Member] | Farmland [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | 0 | 0 |
Nonaccrual | 0 | 0 |
Total TDRs | 0 | 0 |
Real Estate [Member] | Farmland [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | 0 | 0 |
Real Estate [Member] | 1- 4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | 0 | 0 |
Nonaccrual | 0 | 1,702 |
Total TDRs | 0 | 1,702 |
Real Estate [Member] | 1- 4 Family [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | 0 | 0 |
Nonaccrual | 0 | 0 |
Total TDRs | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | 0 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | 2,981 | 3,431 |
Nonaccrual | 206 | 206 |
Total TDRs | 3,187 | 3,637 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | 0 | 0 |
Non-Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | 0 | 0 |
Nonaccrual | 0 | 0 |
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | 0 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | 0 | 0 |
Nonaccrual | 0 | 0 |
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | 0 | 0 |
Nonaccrual | 0 | 0 |
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | 0 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, current | 0 | 0 |
Nonaccrual | 0 | 0 |
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing loans, past due | $ 0 | $ 0 |
Allowance for Loan Losses, TDR
Allowance for Loan Losses, TDR Activity (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2016USD ($) | |
TDR activity [Roll Forward] | |
Beginning balance | $ 5,707 |
New TDRs | 0 |
Charge-offs post-modification | (5) |
Transferred to ORE | 0 |
Paydowns | (39) |
Construction to permanent financing | 0 |
Restructured to market terms | (2,111) |
Ending balance | 3,552 |
Real Estate [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 5,707 |
New TDRs | 0 |
Charge-offs post-modification | (5) |
Transferred to ORE | 0 |
Paydowns | (39) |
Construction to permanent financing | 0 |
Restructured to market terms | (2,111) |
Ending balance | 3,552 |
Real Estate [Member] | Construction & Land Development [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 368 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | (3) |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Ending balance | 365 |
Real Estate [Member] | Farmland [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 0 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | 0 |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Ending balance | 0 |
Real Estate [Member] | 1- 4 Family [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 1,702 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | (32) |
Construction to permanent financing | 0 |
Restructured to market terms | (1,670) |
Ending balance | 0 |
Real Estate [Member] | Multifamily [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 0 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | 0 |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Ending balance | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 3,637 |
New TDRs | 0 |
Charge-offs post-modification | (5) |
Transferred to ORE | 0 |
Paydowns | (4) |
Construction to permanent financing | 0 |
Restructured to market terms | (441) |
Ending balance | 3,187 |
Non-Real Estate [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 0 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | 0 |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Ending balance | 0 |
Non-Real Estate [Member] | Agricultural [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 0 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | 0 |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Ending balance | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 0 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | 0 |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Ending balance | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 0 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | 0 |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Ending balance | $ 0 |
Goodwill and Other Intangible43
Goodwill and Other Intangible Assets (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | |
Finite-Lived Intangible Assets [Line Items] | ||
Goodwill | $ 1,999,000 | $ 1,999,000 |
Impairment charges recognized on the Company's intangible assets | 0 | |
Decrease in mortgage servicing rights | (4,000) | |
Mortgage servicing rights | $ 92,000 | |
Core Deposits [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted-average remaining amortization period | 4 years 2 months 12 days |
Other Real Estate (ORE) (Detail
Other Real Estate (ORE) (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Real Estate Owned Acquired by Foreclosure [Abstract] | ||
Residential | $ 564 | $ 880 |
Construction & land development | 25 | 25 |
Non-farm non-residential | 637 | 672 |
Total Other Real Estate Owned and Foreclosed Property | 1,226 | $ 1,577 |
Loans secured by one to four family residential properties in the process of foreclosure | $ 200 |
Commitments and Contingencies45
Commitments and Contingencies (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Commitments to Extend Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Notional value | $ 81,987 | $ 88,081 |
Unfunded Commitments under Lines of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Notional value | 119,751 | 107,581 |
Commercial and Standby Letters of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Notional value | $ 6,711 | $ 7,486 |
Fair Value (Details)
Fair Value (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | |
Assets measured on recurring basis [Abstract] | ||
Securities available for sale measured at fair value | $ 407,513 | $ 376,369 |
U.S. Treasuries [Member] | ||
Assets measured on a nonrecurring basis [Abstract] | ||
Level 1 securities available for sale | 21,000 | |
Recurring Basis [Member] | ||
Assets measured on recurring basis [Abstract] | ||
Securities available for sale measured at fair value | 407,513 | 376,369 |
Recurring Basis [Member] | Level 1: Quoted Prices in Active Markets For Identical Assets [Member] | ||
Assets measured on recurring basis [Abstract] | ||
Securities available for sale measured at fair value | 9,508 | 30,501 |
Recurring Basis [Member] | Level 2: Significant Other Observable Inputs [Member] | ||
Assets measured on recurring basis [Abstract] | ||
Securities available for sale measured at fair value | 389,082 | 338,167 |
Recurring Basis [Member] | Level 3: Significant Unobservable Inputs [Member] | ||
Assets measured on recurring basis [Abstract] | ||
Securities available for sale measured at fair value | 8,923 | 7,701 |
Non-Recurring Basis [Member] | ||
Assets measured on a nonrecurring basis [Abstract] | ||
Impaired loans measured at fair value | 22,185 | 16,694 |
Other real estate owned measured at fair value | 1,226 | 1,577 |
Non-Recurring Basis [Member] | Level 1: Quoted Prices in Active Markets For Identical Assets [Member] | ||
Assets measured on a nonrecurring basis [Abstract] | ||
Impaired loans measured at fair value | 0 | 0 |
Other real estate owned measured at fair value | 0 | 0 |
Non-Recurring Basis [Member] | Level 2: Significant Other Observable Inputs [Member] | ||
Assets measured on a nonrecurring basis [Abstract] | ||
Impaired loans measured at fair value | 259 | 293 |
Other real estate owned measured at fair value | 613 | 1,104 |
Non-Recurring Basis [Member] | Level 3: Significant Unobservable Inputs [Member] | ||
Assets measured on a nonrecurring basis [Abstract] | ||
Impaired loans measured at fair value | 21,926 | 16,401 |
Other real estate owned measured at fair value | $ 613 | $ 473 |
Financial Instruments (Details)
Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Assets [Abstract] | ||
Securities available for sale measured at fair value | $ 407,513 | $ 376,369 |
Securities, held to maturity | 149,834 | 168,148 |
Accrued interest receivable | 6,325 | 6,015 |
Carrying Value [Member] | ||
Assets [Abstract] | ||
Cash and cash equivalents | 25,821 | 37,272 |
Securities available for sale measured at fair value | 407,513 | 376,369 |
Securities, held to maturity | 149,243 | 169,752 |
Federal Home Loan Bank stock | 1,304 | 935 |
Loans, net | 845,361 | 832,168 |
Accrued interest receivable | 6,325 | 6,015 |
Liabilities [Abstract] | ||
Deposits | 1,300,727 | 1,295,870 |
Borrowings | 25,051 | 27,624 |
Junior subordinated debentures | 14,605 | 14,597 |
Accrued interest payable | 2,282 | 1,707 |
Estimated Fair Value [Member] | ||
Assets [Abstract] | ||
Cash and cash equivalents | 25,821 | 37,272 |
Securities available for sale measured at fair value | 407,513 | 376,369 |
Securities, held to maturity | 149,834 | 168,148 |
Federal Home Loan Bank stock | 1,304 | 935 |
Loans, net | 843,802 | 831,731 |
Accrued interest receivable | 6,325 | 6,015 |
Liabilities [Abstract] | ||
Deposits | 1,301,308 | 1,296,468 |
Borrowings | 25,051 | 27,624 |
Junior subordinated debentures | 14,605 | 14,597 |
Accrued interest payable | $ 2,282 | $ 1,707 |