Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | May 09, 2018 | |
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 | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 8,807,175 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2018 |
CONSOLIDATED BALANCE SHEETS (un
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Cash and cash equivalents: | ||
Cash and due from banks | $ 31,274 | $ 37,205 |
Federal funds sold | 990 | 823 |
Cash and cash equivalents | 32,264 | 38,028 |
Investment securities: | ||
Available for sale, at fair value | 384,971 | 381,535 |
Held to maturity, at cost (estimated fair value of $113,348 and $118,557 respectively) | 117,111 | 120,121 |
Investment securities | 502,082 | 501,656 |
Federal Home Loan Bank stock, at cost | 2,359 | 2,351 |
Loans held for sale | 1,837 | 1,308 |
Loans, net of unearned income | 1,137,171 | 1,149,014 |
Less: allowance for loan losses | 9,788 | 9,225 |
Net loans | 1,127,383 | 1,139,789 |
Premises and equipment, net | 38,082 | 38,020 |
Goodwill | 3,472 | 3,472 |
Intangible assets, net | 4,221 | 4,424 |
Other real estate, net | 1,271 | 1,281 |
Accrued interest receivable | 8,098 | 7,982 |
Other assets | 10,707 | 12,119 |
Total Assets | 1,731,776 | 1,750,430 |
Deposits: | ||
Noninterest-bearing demand | 250,110 | 251,617 |
Interest-bearing demand | 586,888 | 611,677 |
Savings | 112,965 | 104,661 |
Time | 600,267 | 581,331 |
Total deposits | 1,550,230 | 1,549,286 |
Short-term borrowings | 0 | 15,500 |
Accrued interest payable | 2,849 | 2,488 |
Senior long-term debt | 22,040 | 22,774 |
Junior subordinated debentures | 14,673 | 14,664 |
Other liabilities | 1,981 | 1,735 |
Total Liabilities | 1,591,773 | 1,606,447 |
Common stock: | ||
$1 par value - authorized 100,600,000 shares; issued 8,807,175 shares | 8,807 | 8,807 |
Surplus | 92,268 | 92,268 |
Retained earnings | 46,656 | 44,464 |
Accumulated other comprehensive income (loss) | (7,728) | (1,556) |
Total Shareholders' Equity | 140,003 | 143,983 |
Total Liabilities and Shareholders' Equity | $ 1,731,776 | $ 1,750,430 |
CONSOLIDATED BALANCE SHEETS (u3
CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Investment securities: | ||
Held to maturity, estimated fair value | $ 113,348 | $ 118,557 |
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) | 8,807,175 | 8,807,175 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | ||
Interest Income: | |||
Loans (including fees) | $ 14,864 | $ 12,200 | |
Deposits with other banks | 85 | 19 | |
Securities (including FHLB stock) | 3,353 | 3,403 | |
Federal funds sold | 1 | 0 | |
Total Interest Income | 18,303 | 15,622 | |
Interest Expense: | |||
Demand deposits | 1,976 | 1,082 | |
Savings deposits | 82 | 36 | |
Time deposits | 2,085 | 1,444 | |
Borrowings | 405 | 366 | |
Total Interest Expense | 4,548 | 2,928 | |
Net Interest Income | 13,755 | 12,694 | |
Less: Provision for loan losses | 605 | 711 | |
Net Interest Income after Provision for Loan Losses | 13,150 | 11,983 | |
Noninterest Income: | |||
Service charges, commissions and fees | 717 | 562 | |
ATM and debit card fees | 501 | 474 | |
Net gains on securities | 10 | 530 | |
Net gain on sale of loans | 2 | 5 | |
Other | 348 | 385 | |
Total Noninterest Income | 1,578 | 1,956 | |
Noninterest Expense: | |||
Salaries and employee benefits | 5,582 | 4,826 | |
Occupancy and equipment expense | 1,341 | 1,031 | |
Other | 3,284 | 3,137 | |
Total Noninterest Expense | 10,207 | 8,994 | |
Income Before Income Taxes | 4,521 | 4,945 | |
Less: Provision for income taxes | 920 | 1,694 | |
Net Income | $ 3,601 | $ 3,251 | |
Per Common Share: | |||
Earnings (in dollars per share) | [1] | $ 0.41 | $ 0.39 |
Cash dividends paid (in dollars per share) | [1] | $ 0.16 | $ 0.15 |
Weighted Average Common Shares Outstanding (in shares) | 8,807,175 | 8,369,424 | |
[1] | All share amounts have been restated to reflect the ten percent stock dividend paid December 14, 2017 to shareholders of record as of December 8, 2017. |
CONSOLIDATED STATEMENTS OF INC5
CONSOLIDATED STATEMENTS OF INCOME (unaudited) (Parenthetical) | Dec. 14, 2017 | Mar. 31, 2018 |
Per Common Share: | ||
Common stock, dividend paid percentage | 10.00% | |
Common stock, dividend paid date | Dec. 14, 2017 | |
Common stock, dividend record date | Dec. 8, 2017 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) [Abstract] | ||
Net Income | $ 3,601 | $ 3,251 |
Unrealized gains (losses) on securities: | ||
Unrealized holding gains (losses) arising during the period | (7,803) | 1,320 |
Reclassification adjustments for gains included in net income | (10) | (530) |
Change in unrealized gains (losses) on securities | (7,813) | 790 |
Tax impact | 1,641 | (268) |
Other comprehensive income (loss) | (6,172) | 522 |
Comprehensive Income (Loss) | $ (2,571) | $ 3,773 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands | Common Stock $1 Par [Member] | Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income/(Loss) [Member] | Total | |
Balance at Dec. 31, 2016 | [1] | $ 8,369 | $ 81,000 | $ 38,979 | $ (3,999) | $ 124,349 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 0 | 0 | 3,251 | 0 | 3,251 | |
Other comprehensive income | 0 | 0 | 0 | 522 | 522 | |
Cash dividends on common stock | [1] | 0 | 0 | (1,217) | 0 | (1,217) |
Balance at Mar. 31, 2017 | 8,369 | 81,000 | 41,013 | (3,477) | 126,905 | |
Balance at Dec. 31, 2017 | 8,807 | 92,268 | 44,464 | (1,556) | 143,983 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 0 | 0 | 3,601 | 0 | 3,601 | |
Other comprehensive income | 0 | 0 | 0 | (6,172) | (6,172) | |
Cash dividends on common stock | 0 | 0 | (1,409) | 0 | (1,409) | |
Balance at Mar. 31, 2018 | $ 8,807 | $ 92,268 | $ 46,656 | $ (7,728) | $ 140,003 | |
[1] | All share and per share amounts reflect the ten percent stock dividend paid December 14, 2017 to shareholders of record as of December 8, 2017. |
CONSOLIDATED STATEMENTS OF CHA8
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares | Dec. 14, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | |
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) [Abstract] | ||||
Cash dividends per share (in dollars per share) | [1] | $ 0.16 | $ 0.15 | |
Common stock, dividend paid percentage | 10.00% | |||
Common stock, dividend paid date | Dec. 14, 2017 | |||
Common stock, dividend record date | Dec. 8, 2017 | |||
[1] | All share amounts have been restated to reflect the ten percent stock dividend paid December 14, 2017 to shareholders of record as of December 8, 2017. |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash Flows From Operating Activities | ||
Net income | $ 3,601 | $ 3,251 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan losses | 605 | 711 |
Depreciation and amortization | 684 | 554 |
Amortization/Accretion of investments | 375 | 447 |
Gain on sale/call of securities | (10) | (530) |
Gain on sale of assets | (19) | (5) |
Repossessed asset write downs, gains and losses on dispositions | (97) | 45 |
FHLB stock dividends | (8) | (3) |
Net increase in loans held for sale | (529) | 0 |
Change in other assets and liabilities, net | 3,189 | (1,783) |
Net Cash Provided By Operating Activities | 7,791 | 2,687 |
Cash Flows From Investing Activities | ||
Proceeds from maturities and calls of HTM securities | 2,854 | 2,880 |
Proceeds from maturities, calls and sales of AFS securities | 160,894 | 222,511 |
Funds Invested in AFS securities | (171,964) | (250,022) |
Net decrease (increase) in loans | 11,637 | (45,696) |
Purchase of premises and equipment | (584) | (2,063) |
Proceeds from sales of premises and equipment | 37 | 0 |
Proceeds from sales of other real estate owned | 271 | 90 |
Net Cash Provided By (Used In) Investing Activities | 3,145 | (72,300) |
Cash Flows From Financing Activities | ||
Net increase in deposits | 944 | 76,087 |
Net decrease in federal funds purchased and short-term borrowings | (15,500) | (4,500) |
Repayment of long-term borrowings | (735) | (775) |
Dividends paid | (1,409) | (1,217) |
Net Cash (Used In) Provided By Financing Activities | (16,700) | 69,595 |
Net Decrease In Cash and Cash Equivalents | (5,764) | (18) |
Cash and Cash Equivalents at the Beginning of the Period | 38,028 | 18,111 |
Cash and Cash Equivalents at the End of the Period | 32,264 | 18,093 |
Noncash Activities: | ||
Loans transferred to foreclosed assets | 164 | 0 |
Cash Paid During the Period: | ||
Interest on deposits and borrowed funds | 4,187 | 2,897 |
Income taxes | $ 0 | $ 4,200 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2018 | |
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 10 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") thereto should be read in conjunction with the audited consolidated financial statements and note disclosures for First Guaranty previously filed with the Securities and Exchange Commission in First Guaranty's Annual Report on Form 10-K for the year ended December 31, 2017. 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, 2018 and for the three month periods ended March 31, 2018 and 2017 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 particularly susceptible to significant change in the near-term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and the valuation of investment securities. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2018 | |
Recent Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | Note 2. Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, "Leases: 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 balance sheet 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. In June 2016, the FASB issued ASU 2016-13, "Financial Instruments- Credit Losses: Measurement of Credit Losses on Financial Instruments". This ASU amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. The ASU amendments require the measurement of all expected credit losses for financial assets held at the reporting date be based on historical experience, current conditions, and reasonable and supportable forecasts. The ASU requires assets held at cost basis to reflect the company's current estimate of all expected credit losses. For available for sale debt securities, credit losses should be presented as an allowance rather than as a write-down. In addition, this ASU amends the accounting for purchased financial assets with credit deterioration. This ASU is effective for annual and interim periods beginning after December 15, 2019. First Guaranty is currently evaluating the impact of this accounting standard and is implementing a new software application to assist in determining the impact on the Consolidated Financial Statements. In January 2017, the FASB issued ASU 2017-04, "Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment". This ASU amends the guidance on impairment testing. The ASU eliminates Step 2 from the goodwill impairment test. The annual, or interim, goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit's fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. In addition, income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit should be considered when measuring the goodwill impairment loss, if applicable. The ASU also eliminates the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. This ASU is effective for annual and interim periods beginning after December 15, 2019. First Guaranty is currently evaluating the impact of the adoption of this guidance on the Consolidated Financial Statements. In March 2017, the FASB issued ASU 2017-08, "Receivables- Nonrefundable Fees and Other Costs, Premium Amortization on Purchased Callable Debt Securities". This ASU shortens the amortization period for certain callable debt securities held at a premium. Specifically, this ASU requires the premium to be amortized to the earliest call date. This ASU does not require an accounting change for securities held at a discount, the discount continues to be amortized to maturity. This ASU is effective for annual and interim periods beginning after December 15, 2018. First Guaranty is currently evaluating the impact of the adoption of this guidance on the Consolidated Financial Statements. In February 2018, the FASB issued ASU 2018-02, "Income Statement - Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". This ASU provides an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. This ASU requires disclosure of a description of the accounting policy for releasing income tax effects from AOCI; whether election is made to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act; and information about the other income tax effects that are reclassified. This ASU is effective for annual and interim periods beginning after December 15, 2018. First Guaranty is currently evaluating the impact of the adoption of this guidance on the Consolidated Financial Statements. |
Merger Transaction
Merger Transaction | 3 Months Ended |
Mar. 31, 2018 | |
Merger Transaction [Abstract] | |
Merger Transaction | Note 3. Merger Transaction Effective at the close of business on June 16, 2017, First Guaranty completed its acquisition of 100% of the outstanding shares of Premier Bancshares, Inc., a Texas corporation ("Premier"), a single bank holding company headquartered in McKinney, Texas and its wholly owned subsidiary, Synergy Bank. This acquisition allowed First Guaranty to expand its presence into the North Central Texas market area. Under terms of an agreement and plan of merger dated January 30, 2017, First Guaranty issued 0.119 of a sh 397,988 21.0 The valuations of loans, premises and equipment and core deposit intangible and other assets acquired and liabilities assumed are still preliminary and subject to change. United States generally accepted accounting principles ("U.S. GAAP") provides up to twelve months following the date of acquisition in which management can finalize the fair values of acquired assets and assumed liabilities. Material events that occur during the measurement period will be analyzed to determine if the new information reflected facts and circumstances that existed on the acquisition date. The measurement period ends as soon as First Guaranty receives the information it was seeking about facts and circumstances that existed as of the acquisition date or learns more information is unobtainable. The measurement period is limited to one year from the acquisition date. Once management has finalized the fair values of acquired assets and assumed liabilities within this twelve month period, management considers such values to be the "Day One Fair Values." No adjustments were made in the first quarter of 2018 to the fair value estimates. Based on management's preliminary valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, the purchase price for the Premier acquisition is allocated in the table below. (in thousands) Premier Bancshares, Inc. Cash and due from banks $ 4,542 Federal funds sold 2,855 Securities available for sale 5,892 Loans 128,018 Premises and equipment 9,493 Goodwill 1,474 Intangible assets 3,809 Other real estate 221 Other assets 2,009 Total assets acquired $ 158,313 Deposits 127,228 FHLB borrowings 9,700 Other liabilities 431 Total liabilities assumed $ 137,359 Net assets acquired $ 20,954 The following pro forma information for the three months ended March 31, 2017 reflects First Guaranty's estimated consolidated results of operations as if the acquisition of Premier occurred at January 1, 2016, unadjusted for potential cost savings. (in thousands, except share data) 2017 Net Interest Income $ 14,021 Noninterest Income 2,211 Noninterest Expense 10,534 Net Income 3,234 Earnings per common share $ 0.37 |
Securities
Securities | 3 Months Ended |
Mar. 31, 2018 | |
Securities [Abstract] | |
Securities | Note 4. Securities A summary comparison of securities by type at March 31, 2018 and December 31, 2017 is shown below. March 31, 2018 December 31, 2017 (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 $ 15,296 $ 1 $ (1 ) $ 15,296 $ 19,490 $ - $ (4 ) $ 19,486 U.S. Government Agencies 200,055 - (7,492 ) 192,563 200,052 - (4,069 ) 195,983 Corporate debt securities 88,515 313 (2,467 ) 86,361 91,770 661 (946 ) 91,485 Mutual funds or other equity securities 500 - (14 ) 486 500 - (7 ) 493 Municipal bonds 36,952 1,195 (328 ) 37,819 37,210 2,434 (75 ) 39,569 Collateralized mortgage obligations 1,124 - (17 ) 1,107 1,191 - (6 ) 1,185 Mortgage-backed securities 52,311 17 (989 ) 51,339 33,680 - (346 ) 33,334 Total available-for-sale securities $ 394,753 $ 1,526 $ (11,308 ) $ 384,971 $ 383,893 $ 3,095 $ (5,453 ) $ 381,535 Held-to-maturity: U.S. Government Agencies $ 28,170 $ - $ (1,161 ) $ 27,009 $ 28,169 $ - $ (670 ) $ 27,499 Municipal bonds 5,279 - (139 ) 5,140 5,322 15 (12 ) 5,325 Mortgage-backed securities 83,662 - (2,463 ) 81,199 86,630 6 (903 ) 85,733 Total held-to-maturity securities $ 117,111 $ - $ (3,763 ) $ 113,348 $ 120,121 $ 21 $ (1,585 ) $ 118,557 The scheduled maturities of securities at March 31, 2018, 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, 2018 (in thousands) Amortized Cost Fair Value Available For Sale: Due in one year or less $ 35,818 $ 35,726 Due after one year through five years 67,109 65,996 Due after five years through 10 years 216,046 208,773 Over 10 years 22,345 22,030 Subtotal 341,318 332,525 Collateralized mortgage obligations 1,124 1,107 Mortgage-backed securities 52,311 51,339 Total available-for-sale securities $ 394,753 $ 384,971 Held to Maturity: Due in one year or less $ - $ - Due after one year through five years 5,249 5,146 Due after five years through 10 years 18,336 17,402 Over 10 years 9,864 9,601 Subtotal 33,449 32,149 Mortgage-backed securities 83,662 81,199 Total held to maturity securities $ 117,111 $ 113,348 At March 31, 2018, $416.9 million of First Guaranty's securities were pledged to secure public fund deposits and borrowings. The pledged securities had a market value of $413.2 million as of March 31, 2018. 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, 2018. At March 31, 2018 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 $ 4,997 $ (1 ) - $ - $ - 1 $ 4,997 $ (1 ) U.S. Government agencies 30 61,948 (1,563 ) 36 130,615 (5,929 ) 66 192,563 (7,492 ) Corporate debt securities 135 44,199 (1,182 ) 70 22,207 (1,285 ) 205 66,406 (2,467 ) Mutual funds or other equity securities 1 486 (14 ) - - - 1 486 (14 ) Municipal bonds 24 10,956 (264 ) 1 1,051 (64 ) 25 12,007 (328 ) Collateralized mortgage obligations 5 1,107 (17 ) - - - 5 1,107 (17 ) Mortgage-backed securities 36 27,079 (358 ) 11 17,286 (631 ) 47 44,365 (989 ) Total available-for-sale 232 $ 150,772 $ (3,399 ) 118 $ 171,159 $ (7,909 ) 350 $ 321,931 $ (11,308 ) Held to maturity: U.S. Government agencies 4 9,728 (272 ) 10 17,281 (889 ) 14 27,009 (1,161 ) Municipal bonds 9 5,140 (139 ) - - - 9 5,140 (139 ) Mortgage-backed securities 39 55,840 (1,569 ) 17 25,359 (894 ) 56 81,199 (2,463 ) Total held to maturity 52 $ 70,708 $ (1,980 ) 27 $ 42,640 $ (1,783 ) 79 $ 113,348 $ (3,763 ) 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, 2017. At December 31, 2017 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 6 $ 19,486 $ (4 ) - $ - $ - 6 $ 19,486 $ (4 ) U.S. Government agencies 30 62,991 (519 ) 36 132,992 (3,550 ) 66 195,983 (4,069 ) Corporate debt securities 56 19,050 (240 ) 70 22,818 (706 ) 126 41,868 (946 ) Mutual funds or other equity securities 1 493 (7 ) - - - 1 493 (7 ) Municipal bonds 9 4,431 (36 ) 1 1,079 (39 ) 10 5,510 (75 ) Collateralized mortgage obligations 4 936 (6 ) - - - 4 936 (6 ) Mortgage-backed securities 26 14,737 (73 ) 11 18,313 (273 ) 37 33,050 (346 ) Total available for sale 132 $ 122,124 $ (885 ) 118 $ 175,202 $ (4,568 ) 250 $ 297,326 $ (5,453 ) Held to maturity: U.S. Government agencies 4 $ 9,925 $ (75 ) 10 $ 17,574 $ (595 ) 14 $ 27,499 $ (670 ) Municipal bonds 6 3,191 (12 ) - - - 6 3,191 (12 ) Mortgage-backed securities 35 54,186 (515 ) 17 26,852 (388 ) 52 81,038 (903 ) Total held to maturity 45 $ 67,302 $ (602 ) 27 $ 44,426 $ (983 ) 72 $ 111,728 $ (1,585 ) As of March 31, 2018, 429 of First Guaranty's debt securities had unrealized losses totaling 3.3% of the individual securities' amortized cost basis and 2.9% of First Guaranty's total amortized cost basis of the investment securities portfolio. 145 of the 429 securities had been in a continuous loss position for over 12 months at such date. The 145 securities had an aggregate amortized cost basis of $223.5 million and an unrealized loss of $9.7 million at March 31, 2018. 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 that 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 securities with an other-than-temporary impairment loss were held at March 31, 2018. 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. There were no other-than-temporary impairment losses recognized on securities during the three months ended March 31, 2018 and 2017. 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 three months ended March 31, 2018 and 2017: (in thousands) Three Months Ended March 31, 2018 Three Months Ended March 31, 2017 Beginning balance of credit losses at end of prior year $ 60 $ 60 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 end of period $ 60 $ 60 In the first three months of 2018 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. At March 31, 2018, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders' equity is below: At March 31, 2018 (in thousands) Amortized Cost Fair Value U.S. Treasuries $ 15,296 $ 15,296 Federal Home Loan Bank (FHLB) 50,396 48,473 Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) 63,363 62,020 Federal National Mortgage Association (Fannie Mae-FNMA) 113,514 109,654 Federal Farm Credit Bank (FFCB) 136,925 131,963 Total $ 379,494 $ 367,406 |
Loans
Loans | 3 Months Ended |
Mar. 31, 2018 | |
Loans [Abstract] | |
Loans | Note 5. Loans The following table summarizes the components of First Guaranty's loan portfolio as of March 31, 2018 and December 31, 2017: March 31, 2018 December 31, 2017 (in thousands except for %) Balance As % of Category Balance As % of Category Real Estate: Construction & land development $ 95,524 8.4 % $ 112,603 9.8 % Farmland 24,668 2.2 % 25,691 2.2 % 1- 4 Family 158,937 13.9 % 158,733 13.8 % Multifamily 43,406 3.8 % 16,840 1.4 % Non-farm non-residential 529,478 46.5 % 530,293 46.1 % Total Real Estate 852,013 74.8 % 844,160 73.3 % Non-Real Estate: Agricultural 18,957 1.7 % 21,514 1.9 % Commercial and industrial 213,613 18.7 % 230,638 20.0 % Consumer and other 55,007 4.8 % 55,185 4.8 % Total Non-Real Estate 287,577 25.2 % 307,337 26.7 % Total loans before unearned income 1,139,590 100.0 % 1,151,497 100.0 % Unearned income (2,419 ) (2,483 ) Total loans net of unearned income $ 1,137,171 $ 1,149,014 The following table summarizes fixed and floating rate loans by contractual maturity, excluding nonaccrual loans, as of March 31, 2018 and December 31, 2017 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, 2018 December 31, 2017 (in thousands) Fixed Floating Total Fixed Floating Total One year or less $ 100,339 $ 91,386 $ 191,725 $ 89,383 $ 75,361 $ 164,744 More than one to five years 374,968 221,610 596,578 390,333 251,135 641,468 More than five to 15 years 130,571 71,811 202,382 124,215 70,273 194,488 Over 15 years 71,456 66,913 138,369 70,366 67,881 138,247 Subtotal $ 677,334 $ 451,720 1,129,054 $ 674,297 $ 464,650 1,138,947 Nonaccrual loans 10,536 12,550 Total loans before unearned income 1,139,590 1,151,497 Unearned income (2,419 ) (2,483 ) Total loans net of unearned income $ 1,137,171 $ 1,149,014 As of March 31, 2018, $54.9 million of floating rate loans were at their interest rate floor. At December 31, 2017, $95.4 million of floating rate loans were at the interest rate floor. Nonaccrual loans have been excluded from these totals. The following tables present the age analysis of past due loans, at March 31, 2018 and December 31, 2017: As of March 31, 2018 (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 $ 328 $ 360 $ 688 $ 94,836 $ 95,524 $ - Farmland 420 235 655 24,013 24,668 - 1 - 4 family 2,906 1,480 4,386 154,551 158,937 - Multifamily - - - 43,406 43,406 - Non-farm non-residential 6,680 4,201 10,881 518,597 529,478 316 Total Real Estate 10,334 6,276 16,610 835,403 852,013 316 Non-Real Estate: Agricultural 383 2,047 2,430 16,527 18,957 75 Commercial and industrial 973 2,428 3,401 210,212 213,613 30 Consumer and other 252 206 458 54,549 55,007 - Total Non-Real Estate 1,608 4,681 6,289 281,288 287,577 105 Total loans before unearned income $ 11,942 $ 10,957 $ 22,899 $ 1,116,691 $ 1,139,590 $ 421 Unearned income (2,419 ) Total loans net of unearned income $ 1,137,171 As of December 31, 2017 (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 $ 95 $ 371 $ 466 $ 112,137 $ 112,603 $ - Farmland 175 65 240 25,451 25,691 - 1 - 4 family 1,481 1,953 3,434 155,299 158,733 - Multifamily - - - 16,840 16,840 - Non-farm non-residential 1,006 3,758 4,764 525,529 530,293 - Total Real Estate 2,757 6,147 8,904 835,256 844,160 - Non-Real Estate: Agricultural 239 1,537 1,776 19,738 21,514 41 Commercial and industrial 630 5,624 6,254 224,384 230,638 798 Consumer and other 463 81 544 54,641 55,185 - Total Non-Real Estate 1,332 7,242 8,574 298,763 307,337 839 Total loans before unearned income $ 4,089 $ 13,389 $ 17,478 $ 1,134,019 $ 1,151,497 $ 839 Unearned income (2,483 ) Total loans net of unearned income $ 1,149,014 The tables above include $10.5 million and $12.6 million of nonaccrual loans at March 31, 2018 and December 31, 2017, 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, 2018 As of December 31, 2017 Real Estate: Construction & land development $ 360 $ 371 Farmland 235 65 1 - 4 family 1,480 1,953 Multifamily - - Non-farm non-residential 3,885 3,758 Total Real Estate 5,960 6,147 Non-Real Estate: Agricultural 1,972 1,496 Commercial and industrial 2,398 4,826 Consumer and other 206 81 Total Non-Real Estate 4,576 6,403 Total Nonaccrual Loans $ 10,536 $ 12,550 The following table identifies the credit exposure of the loan portfolio, including loans acquired with deteriorated credit quality, by specific credit ratings as of the dates indicated: As of March 31, 2018 As of December 31, 2017 (in thousands) Pass Special Mention Substandard Doubtful Total Pass Special Mention Substandard Doubtful Total Real Estate: Construction & land development $ 91,189 $ 122 $ 4,213 $ - $ 95,524 $ 108,200 $ 125 $ 4,278 $ - $ 112,603 Farmland 23,838 569 261 - 24,668 25,030 569 92 - 25,691 1 - 4 family 148,464 2,213 8,260 - 158,937 149,426 1,856 7,451 - 158,733 Multifamily 35,931 660 6,815 - 43,406 9,366 639 6,835 - 16,840 Non-farm non-residential 506,128 5,290 18,060 - 529,478 510,494 2,490 17,309 - 530,293 Total Real Estate 805,550 8,854 37,609 - 852,013 802,516 5,679 35,965 - 844,160 Non-Real Estate: Agricultural 15,714 631 2,612 - 18,957 19,050 995 1,469 - 21,514 Commercial and industrial 187,498 18,849 5,248 2,018 213,613 201,722 19,187 5,169 4,560 230,638 Consumer and other 48,691 137 6,179 - 55,007 48,225 68 6,892 - 55,185 Total Non-Real Estate 251,903 19,617 14,039 2,018 287,577 268,997 20,250 13,530 4,560 307,337 Total loans before unearned income $ 1,057,453 $ 28,471 $ 51,648 $ 2,018 $ 1,139,590 $ 1,071,513 $ 25,929 $ 49,495 $ 4,560 $ 1,151,497 Unearned income (2,419 ) (2,483 ) Total loans net of unearned income $ 1,137,171 $ 1,149,014 Purchased Impaired Loans As part of the acquisition of Premier on June 16, 2017, First Guaranty purchased credit impaired loans for which there was, at acquisition, evidence of deterioration of credit quality since their origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans is as follows at March 31, 2018. thousands) As of March 31, 2018 As of December 31, 2017 Real Estate: Construction & land development $ 1,127 $ 1,135 Farmland 7 8 1 - 4 family 48 50 Multifamily - - Non-farm non-residential 2,131 2,148 Total Real Estate 3,313 3,341 Non-Real Estate: Agricultural - - Commercial and industrial 896 1,017 Consumer and other - - Total Non-Real Estate 896 1,017 Total $ 4,209 $ 4,358 For those purchased loans disclosed above, there was no allowance for loan losses at March 31, 2018 or December 31, 2017. Where First Guaranty can reasonably estimate the cash flows expected to be collected on the loans, a portion of the purchase discount is allocated to an accretable yield adjustment based upon the present value of the future estimated cash flows versus the current carrying value of the loan and the accretable yield portion is being recognized as interest income over the remaining life of the loan. Where First Guaranty cannot reasonably estimate the cash flows expected to be collected on the loans, it has decided to account for those loans using the cost recovery method of income recognition. As such, no portion of a purchase discount adjustment has been determined to meet the definition of an accretable yield adjustment on those loans accounted for using the cost recovery method. If, in the future, cash flows from the borrower(s) can be reasonably estimated, a portion of the purchase discount would be allocated to an accretable yield adjustment based upon the present value of the future estimated cash flows versus the current carrying value of the loan and the accretable yield portion would be recognized as interest income over the remaining life of the loan. Until such accretable yield can be calculated, under the cost recovery method of income recognition, all payments will be used to reduce the carrying value of the loan and no income will be recognized on the loan until the carrying value is reduced to zero. Any loan accounted for under the cost recovery method is also still included as a non-accrual loan in the amounts presented in the table below. The accretable yield, or income expected to be collected, on the purchased loans above is as follows for the three months ended March 31, 2018. (in thousands) Three Months Ended March 31, 2018 Balance, beginning of period $ 1,031 Acquisition accretable yield - Accretion (65 ) Net transfers from nonaccretable difference to accretable yield - Balance, end of period $ 966 |
Allowance for Loan Losses
Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2018 | |
Allowance for Loan Losses [Abstract] | |
Allowance for Loan Losses | Note 6. Allowance for Loan Losses A summary of changes in the allowance for loan losses, by portfolio type, for the three months ended March 31, 2018 and 2017 are as follows: For the Three Months Ended March 31, 2018 2017 (in thousands) Beginning Allowance (12/31/2017) Charge-offs Recoveries Provision Ending Allowance (3/31/2018) Beginning Allowance (12/31/2016) Charge-offs Recoveries Provision Ending Allowance (3/31/2017) Real Estate: Construction & land development $ 628 $ - $ 1 $ (60 ) $ 569 $ 1,232 $ - $ 1 $ (92 ) $ 1,141 Farmland 5 - - 21 26 19 - - (13 ) 6 1 - 4 family 1,078 (97 ) 80 (157 ) 904 1,204 - 14 (154 ) 1,064 Multifamily 994 - 10 510 1,514 591 - 10 8 609 Non-farm non-residential 2,811 - 3 722 3,536 3,451 - 2 367 3,820 Total real estate 5,516 (97 ) 94 1,036 6,549 6,497 - 27 116 6,640 Non-Real Estate: Agricultural 187 - 11 94 292 74 (33 ) 8 13 62 Commercial and industrial 2,377 - 10 (453 ) 1,934 3,543 (45 ) 5 625 4,128 Consumer and other 1,125 (98 ) 38 (58 ) 1,007 972 (206 ) 66 (15 ) 817 Unallocated 20 - - (14 ) 6 28 - - (28 ) - Total Non-Real Estate 3,709 (98 ) 59 (431 ) 3,239 4,617 (284 ) 79 595 5,007 Total $ 9,225 $ (195 ) $ 153 $ 605 $ 9,788 $ 11,114 $ (284 ) $ 106 $ 711 $ 11,647 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, including loans acquired with deteriorated credit quality, individually and collectively evaluated for impairment are as follows: As of March 31, 2018 (in thousands) Allowance Individually Evaluated for Impairment Allowance Collectively Evaluated for Impairment Total Allowance for Credit Losses Loans Individually Evaluated for Impairment Loans Collectively Evaluated for Impairment Total Loans before Unearned Income Real Estate: Construction & land development $ - $ 569 $ 569 $ - $ 95,524 $ 95,524 Farmland - 26 26 - 24,668 24,668 1 - 4 family - 904 904 631 158,306 158,937 Multifamily - 1,514 1,514 - 43,406 43,406 Non-farm non-residential 1,360 2,176 3,536 8,937 520,541 529,478 Total Real Estate 1,360 5,189 6,549 9,568 842,445 852,013 Non-Real Estate: Agricultural 148 144 292 1,663 17,294 18,957 Commercial and industrial 104 1,830 1,934 3,161 210,452 213,613 Consumer and other - 1,007 1,007 - 55,007 55,007 Unallocated - 6 6 - - - Total Non-Real Estate 252 2,987 3,239 4,824 282,753 287,577 Total $ 1,612 $ 8,176 $ 9,788 $ 14,392 $ 1,125,198 $ 1,139,590 Unearned Income (2,419 ) Total loans net of unearned income $ 1,137,171 As of December 31, 2017 (in thousands) Allowance Individually Evaluated For Impairment Allowance Collectively Evaluated for Impairment Total Allowance for Credit Losses Loans Individually Evaluated For Impairment Loans Collectively Evaluated for Impairment Total Loans before Unearned Income Real Estate: Construction & land development $ - $ 628 $ 628 $ - $ 112,603 $ 112,603 Farmland - 5 5 - 25,691 25,691 1 - 4 family - 1,078 1,078 - 158,733 158,733 Multifamily - 994 994 - 16,840 16,840 Non-farm non-residential 236 2,575 2,811 8,990 521,303 530,293 Total Real Estate 236 5,280 5,516 8,990 835,170 844,160 Non-Real Estate: Agricultural 66 121 187 861 20,653 21,514 Commercial and industrial 565 1,812 2,377 5,731 224,907 230,638 Consumer and other - 1,125 1,125 - 55,185 55,185 Unallocated - 20 20 - - - Total Non-Real Estate 631 3,078 3,709 6,592 300,745 307,337 Total $ 867 $ 8,358 $ 9,225 $ 15,582 $ 1,135,915 $ 1,151,497 Unearned Income (2,483 ) Total loans net of unearned income $ 1,149,014 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, excluding loans acquired with deteriorated credit quality, by class as of the date indicated: As of March 31, 2018 (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 $ - $ - $ - $ - $ - $ - Farmland - - - - - - 1 - 4 family 631 631 - 610 13 - Multifamily - - - - - - Non-farm non-residential 2,679 2,679 - 2,679 28 26 Total Real Estate 3,310 3,310 - 3,289 41 26 Non-Real Estate: Agricultural - - - - - - Commercial and industrial 2,018 5,350 - 3,713 - - Consumer and other - - - - - - Total Non-Real Estate 2,018 5,350 - 3,713 - - Total Impaired Loans with no related allowance 5,328 8,660 - 7,002 41 26 Impaired Loans with an allowance recorded: Real Estate: Construction & land development - - - - - - Farmland - - - - - - 1 - 4 family - - - - - - Multifamily - - - - - - Non-farm non-residential 6,258 6,610 1,360 6,265 34 35 Total Real Estate 6,258 6,610 1,360 6,265 34 35 Non-Real Estate: Agricultural 1,663 1,722 148 1,664 7 - Commercial and industrial 1,143 1,143 104 1,152 20 16 Consumer and other - - - - - - Total Non-Real Estate 2,806 2,865 252 2,816 27 16 Total Impaired Loans with an allowance recorded 9,064 9,475 1,612 9,081 61 51 Total Impaired Loans $ 14,392 $ 18,135 $ 1,612 $ 16,083 $ 102 $ 77 The following is a summary of impaired loans by class as of the date indicated: As of December 31, 2017 (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 $ - $ - $ - $ - $ - $ - Farmland - - - - - - 1 - 4 family - - - - - - Multifamily - - - - - - Non-farm non-residential 5,771 5,771 - 5,933 248 279 Total Real Estate 5,771 5,771 - 5,933 248 279 Non-Real Estate: Agricultural - - - - - - Commercial and industrial - - - - - - Consumer and other - - - - - - Total Non-Real Estate - - - - - - Total Impaired Loans with no related allowance 5,771 5,771 - 5,933 248 279 Impaired Loans with an allowance recorded: Real Estate: Construction & land development - - - - - - Farmland - - - - - - 1 - 4 family - - - - - - Multifamily - - - - - - Non-farm non-residential 3,219 3,570 236 3,555 183 127 Total Real Estate 3,219 3,570 236 3,555 183 127 Non-Real Estate: Agricultural 861 920 66 1,117 70 17 Commercial and industrial 5,731 9,062 565 8,121 65 84 Consumer and other - - - - - - Total Non-Real Estate 6,592 9,982 631 9,238 135 101 Total Impaired Loans with an allowance recorded 9,811 13,552 867 12,793 318 228 Total Impaired Loans $ 15,582 $ 19,323 $ 867 $ 18,726 $ 566 $ 507 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 TDRs in the three months ended March 31, 2018. The following table identifies the TDRs as of March 31, 2018 and December 31, 2017: March 31, 2018 December 31, 2017 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 $ - $ - $ 325 $ 325 $ - $ - $ 334 $ 334 Farmland - - - - - - - - 1-4 Family - - - - - - - - Multifamily - - - - - - - - Non-farm non residential 2,138 - - 2,138 2,138 - - 2,138 Total Real Estate 2,138 - 325 2,463 2,138 - 334 2,472 Non-Real Estate: Agricultural - - - - - - - - Commercial and industrial - - - - - - - - Consumer and other - - - - - - - - Total Non-Real Estate - - - - - - - - Total $ 2,138 $ - $ 325 $ 2,463 $ 2,138 $ - $ 334 $ 2,472 The following table discloses TDR activity for the three months ended March 31, 2018. Troubled Debt Restructured Loans Activity Three Months Ended March 31, 2018 (in thousands) Beginning balance December 31, 2017 New TDRs Charge-offs post-modification Transferred to ORE Paydowns Construction to permanent financing Restructured to market terms Other adjustments Ending balance March 31, 2018 Real Estate: Construction & land development $ 334 $ - $ - $ - $ (9 ) $ - $ - $ - $ 325 Farmland - - - - - - - - - 1 - 4 family - - - - - - - - - Multifamily - - - - - - - - - Non-farm non-residential 2,138 - - - - - - - 2,138 Total Real Estate 2,472 - - - (9 ) - - - 2,463 Non-Real Estate: Agricultural - - - - - - - - - Commercial and industrial - - - - - - - - - Consumer and other - - - - - - - - - Total Non-Real Estate - - - - - - - - - Total $ 2,472 $ - $ - $ - $ (9 ) $ - $ - - $ 2,463 There were no commitments to lend additional funds to debtors whose terms have been modified in a TDR at March 31, 2018. |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 3 Months Ended |
Mar. 31, 2018 | |
Goodwill and Other Intangible Assets [Abstract] | |
Goodwill and Other Intangible Assets | Note 7. 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 and Premier in 2017. Goodwill totaled $3.5 million at March 31, 2018 and December 31, 2017. 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, 2018 | |
Other Real Estate (ORE) [Abstract] | |
Other Real Estate (ORE) | Note 8. Other Real Estate (ORE) Other real estate owned consists of the following at the dates indicated: (in thousands) March 31, 2018 December 31, 2017 Real Estate Owned Acquired by Foreclosure: Residential $ 164 $ 23 Construction & land development 250 304 Non-farm non-residential 857 954 Total Other Real Estate Owned and Foreclosed Property $ 1,271 $ 1,281 Loans secured by one-to-four family residential properties in the process of foreclosure totaled $0.2 million as of March 31, 2018. |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2018 | |
Commitments and Contingencies [Abstract] | |
Commitments and Contingencies | Note 9. 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, 2018 and December 31, 2017: Contract Amount (in thousands) March 31, 2018 December 31, 2017 Commitments to Extend Credit $ 65,638 $ 78,125 Unfunded Commitments under lines of credit $ 126,401 $ 101,344 Commercial and Standby letters of credit $ 8,801 $ 7,886 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, 2018, any incremental liability arising from First Guaranty's legal proceedings will not have a material adverse effect on First Guaranty's financial position or results of operations. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2018 | |
Fair Value Measurements [Abstract] | |
Fair Value Measurements | Note 10. Fair Value Measurements 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, 2018 and December 31, 2017, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) March 31, 2018 December 31, 2017 Available for Sale Securities Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ 15,781 $ 19,980 Level 2: Significant Other Observable Inputs 362,507 355,022 Level 3: Significant Unobservable Inputs 6,683 6,533 Securities available for sale measured at fair value $ 384,971 $ 381,535 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, 2017 to March 31, 2018 was due principally to a net decrease in Treasury bills of $4.2 million. The change in Level 2 securities available for sale from December 31, 2017 to March 31, 2018 was due principally to the purchase of mortgage-backed securities. The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of March 31, 2018 and December 31, 2017, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) At March 31, 2018 At December 31, 2017 Impaired Loans - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ - $ - Level 2: Significant Other Observable Inputs - - Level 3: Significant Unobservable Inputs 9,470 12,003 Impaired loans measured at fair value $ 9,470 $ 12,003 Other Real Estate Owned - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ - $ - Level 2: Significant Other Observable Inputs 1,239 1,249 Level 3: Significant Unobservable Inputs 32 32 Other real estate owned measured at fair value $ 1,271 $ 1,281 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, 2018 | |
Financial Instruments [Abstract] | |
Financial Instruments | Note 11. 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, 2018 and December 31, 2017 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, 2018 and December 31, 2017 are presented in the following table: March 31, 2018 December 31, 2017 (in thousands) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Assets Cash and cash equivalents $ 32,264 $ 32,264 $ 38,028 $ 38,028 Securities, available for sale 384,971 384,971 381,535 381,535 Securities, held to maturity 117,111 113,348 120,121 118,557 Federal Home Loan Bank stock 2,359 2,359 2,351 2,351 Loans held for sale 1,837 2,021 1,308 1,439 Loans, net 1,127,383 1,115,592 1,139,789 1,133,868 Accrued interest receivable 8,098 8,098 7,982 7,982 Liabilities Deposits $ 1,550,230 $ 1,546,546 $ 1,549,286 $ 1,549,449 Borrowings 22,040 22,058 38,274 38,294 Junior subordinated debentures 14,673 14,525 14,664 14,324 Accrued interest payable 2,849 2,849 2,488 2,488 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. |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
Basis of Presentation [Abstract] | |
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 10 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") thereto should be read in conjunction with the audited consolidated financial statements and note disclosures for First Guaranty previously filed with the Securities and Exchange Commission in First Guaranty's Annual Report on Form 10-K for the year ended December 31, 2017. 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, 2018 and for the three month periods ended March 31, 2018 and 2017 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 particularly susceptible to significant change in the near-term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, and the valuation of investment securities. |
Recent Accounting Pronounceme22
Recent Accounting Pronouncements (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
Recent Accounting Pronouncements [Abstract] | |
Recent Accounting Pronouncements | In February 2016, the FASB issued ASU 2016-02, "Leases: 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 balance sheet 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. |
Merger Transaction (Tables)
Merger Transaction (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Merger Transaction [Abstract] | |
Fair Value of Tangible and Intangible Assets Acquired and Liabilities Assumed | Based on management's preliminary valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, the purchase price for the Premier acquisition is allocated in the table below. (in thousands) Premier Bancshares, Inc. Cash and due from banks $ 4,542 Federal funds sold 2,855 Securities available for sale 5,892 Loans 128,018 Premises and equipment 9,493 Goodwill 1,474 Intangible assets 3,809 Other real estate 221 Other assets 2,009 Total assets acquired $ 158,313 Deposits 127,228 FHLB borrowings 9,700 Other liabilities 431 Total liabilities assumed $ 137,359 Net assets acquired $ 20,954 |
Pro Forma Information | The following pro forma information for the three months ended March 31, 2017 reflects First Guaranty's estimated consolidated results of operations as if the acquisition of Premier occurred at January 1, 2016, unadjusted for potential cost savings. (in thousands, except share data) 2017 Net Interest Income $ 14,021 Noninterest Income 2,211 Noninterest Expense 10,534 Net Income 3,234 Earnings per common share $ 0.37 |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Securities [Abstract] | |
Summary Comparison of Securities by Type | A summary comparison of securities by type at March 31, 2018 and December 31, 2017 is shown below. March 31, 2018 December 31, 2017 (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 $ 15,296 $ 1 $ (1 ) $ 15,296 $ 19,490 $ - $ (4 ) $ 19,486 U.S. Government Agencies 200,055 - (7,492 ) 192,563 200,052 - (4,069 ) 195,983 Corporate debt securities 88,515 313 (2,467 ) 86,361 91,770 661 (946 ) 91,485 Mutual funds or other equity securities 500 - (14 ) 486 500 - (7 ) 493 Municipal bonds 36,952 1,195 (328 ) 37,819 37,210 2,434 (75 ) 39,569 Collateralized mortgage obligations 1,124 - (17 ) 1,107 1,191 - (6 ) 1,185 Mortgage-backed securities 52,311 17 (989 ) 51,339 33,680 - (346 ) 33,334 Total available-for-sale securities $ 394,753 $ 1,526 $ (11,308 ) $ 384,971 $ 383,893 $ 3,095 $ (5,453 ) $ 381,535 Held-to-maturity: U.S. Government Agencies $ 28,170 $ - $ (1,161 ) $ 27,009 $ 28,169 $ - $ (670 ) $ 27,499 Municipal bonds 5,279 - (139 ) 5,140 5,322 15 (12 ) 5,325 Mortgage-backed securities 83,662 - (2,463 ) 81,199 86,630 6 (903 ) 85,733 Total held-to-maturity securities $ 117,111 $ - $ (3,763 ) $ 113,348 $ 120,121 $ 21 $ (1,585 ) $ 118,557 |
Investments Classified by Contractual Maturity Date | The scheduled maturities of securities at March 31, 2018, 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, 2018 (in thousands) Amortized Cost Fair Value Available For Sale: Due in one year or less $ 35,818 $ 35,726 Due after one year through five years 67,109 65,996 Due after five years through 10 years 216,046 208,773 Over 10 years 22,345 22,030 Subtotal 341,318 332,525 Collateralized mortgage obligations 1,124 1,107 Mortgage-backed securities 52,311 51,339 Total available-for-sale securities $ 394,753 $ 384,971 Held to Maturity: Due in one year or less $ - $ - Due after one year through five years 5,249 5,146 Due after five years through 10 years 18,336 17,402 Over 10 years 9,864 9,601 Subtotal 33,449 32,149 Mortgage-backed securities 83,662 81,199 Total held to maturity securities $ 117,111 $ 113,348 |
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, 2018. At March 31, 2018 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 $ 4,997 $ (1 ) - $ - $ - 1 $ 4,997 $ (1 ) U.S. Government agencies 30 61,948 (1,563 ) 36 130,615 (5,929 ) 66 192,563 (7,492 ) Corporate debt securities 135 44,199 (1,182 ) 70 22,207 (1,285 ) 205 66,406 (2,467 ) Mutual funds or other equity securities 1 486 (14 ) - - - 1 486 (14 ) Municipal bonds 24 10,956 (264 ) 1 1,051 (64 ) 25 12,007 (328 ) Collateralized mortgage obligations 5 1,107 (17 ) - - - 5 1,107 (17 ) Mortgage-backed securities 36 27,079 (358 ) 11 17,286 (631 ) 47 44,365 (989 ) Total available-for-sale 232 $ 150,772 $ (3,399 ) 118 $ 171,159 $ (7,909 ) 350 $ 321,931 $ (11,308 ) Held to maturity: U.S. Government agencies 4 9,728 (272 ) 10 17,281 (889 ) 14 27,009 (1,161 ) Municipal bonds 9 5,140 (139 ) - - - 9 5,140 (139 ) Mortgage-backed securities 39 55,840 (1,569 ) 17 25,359 (894 ) 56 81,199 (2,463 ) Total held to maturity 52 $ 70,708 $ (1,980 ) 27 $ 42,640 $ (1,783 ) 79 $ 113,348 $ (3,763 ) 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, 2017. At December 31, 2017 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 6 $ 19,486 $ (4 ) - $ - $ - 6 $ 19,486 $ (4 ) U.S. Government agencies 30 62,991 (519 ) 36 132,992 (3,550 ) 66 195,983 (4,069 ) Corporate debt securities 56 19,050 (240 ) 70 22,818 (706 ) 126 41,868 (946 ) Mutual funds or other equity securities 1 493 (7 ) - - - 1 493 (7 ) Municipal bonds 9 4,431 (36 ) 1 1,079 (39 ) 10 5,510 (75 ) Collateralized mortgage obligations 4 936 (6 ) - - - 4 936 (6 ) Mortgage-backed securities 26 14,737 (73 ) 11 18,313 (273 ) 37 33,050 (346 ) Total available for sale 132 $ 122,124 $ (885 ) 118 $ 175,202 $ (4,568 ) 250 $ 297,326 $ (5,453 ) Held to maturity: U.S. Government agencies 4 $ 9,925 $ (75 ) 10 $ 17,574 $ (595 ) 14 $ 27,499 $ (670 ) Municipal bonds 6 3,191 (12 ) - - - 6 3,191 (12 ) Mortgage-backed securities 35 54,186 (515 ) 17 26,852 (388 ) 52 81,038 (903 ) Total held to maturity 45 $ 67,302 $ (602 ) 27 $ 44,426 $ (983 ) 72 $ 111,728 $ (1,585 ) |
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 three months ended March 31, 2018 and 2017: (in thousands) Three Months Ended March 31, 2018 Three Months Ended March 31, 2017 Beginning balance of credit losses at end of prior year $ 60 $ 60 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 end of period $ 60 $ 60 |
Schedule of Exposure to Bond Issuers that Exceeded 10% of Stockholders' Equity | At March 31, 2018, First Guaranty's exposure to bond issuers that exceeded 10% of shareholders' equity is below: At March 31, 2018 (in thousands) Amortized Cost Fair Value U.S. Treasuries $ 15,296 $ 15,296 Federal Home Loan Bank (FHLB) 50,396 48,473 Federal Home Loan Mortgage Corporation (Freddie Mac-FHLMC) 63,363 62,020 Federal National Mortgage Association (Fannie Mae-FNMA) 113,514 109,654 Federal Farm Credit Bank (FFCB) 136,925 131,963 Total $ 379,494 $ 367,406 |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Loans [Abstract] | |
Summary of Components of Loan Portfolio | The following table summarizes the components of First Guaranty's loan portfolio as of March 31, 2018 and December 31, 2017: March 31, 2018 December 31, 2017 (in thousands except for %) Balance As % of Category Balance As % of Category Real Estate: Construction & land development $ 95,524 8.4 % $ 112,603 9.8 % Farmland 24,668 2.2 % 25,691 2.2 % 1- 4 Family 158,937 13.9 % 158,733 13.8 % Multifamily 43,406 3.8 % 16,840 1.4 % Non-farm non-residential 529,478 46.5 % 530,293 46.1 % Total Real Estate 852,013 74.8 % 844,160 73.3 % Non-Real Estate: Agricultural 18,957 1.7 % 21,514 1.9 % Commercial and industrial 213,613 18.7 % 230,638 20.0 % Consumer and other 55,007 4.8 % 55,185 4.8 % Total Non-Real Estate 287,577 25.2 % 307,337 26.7 % Total loans before unearned income 1,139,590 100.0 % 1,151,497 100.0 % Unearned income (2,419 ) (2,483 ) Total loans net of unearned income $ 1,137,171 $ 1,149,014 |
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, 2018 and December 31, 2017 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, 2018 December 31, 2017 (in thousands) Fixed Floating Total Fixed Floating Total One year or less $ 100,339 $ 91,386 $ 191,725 $ 89,383 $ 75,361 $ 164,744 More than one to five years 374,968 221,610 596,578 390,333 251,135 641,468 More than five to 15 years 130,571 71,811 202,382 124,215 70,273 194,488 Over 15 years 71,456 66,913 138,369 70,366 67,881 138,247 Subtotal $ 677,334 $ 451,720 1,129,054 $ 674,297 $ 464,650 1,138,947 Nonaccrual loans 10,536 12,550 Total loans before unearned income 1,139,590 1,151,497 Unearned income (2,419 ) (2,483 ) Total loans net of unearned income $ 1,137,171 $ 1,149,014 |
Age Analysis of Past Due Loans, Including Loans Acquired with Deteriorated Credit Quality | The following tables present the age analysis of past due loans, at March 31, 2018 and December 31, 2017: As of March 31, 2018 (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 $ 328 $ 360 $ 688 $ 94,836 $ 95,524 $ - Farmland 420 235 655 24,013 24,668 - 1 - 4 family 2,906 1,480 4,386 154,551 158,937 - Multifamily - - - 43,406 43,406 - Non-farm non-residential 6,680 4,201 10,881 518,597 529,478 316 Total Real Estate 10,334 6,276 16,610 835,403 852,013 316 Non-Real Estate: Agricultural 383 2,047 2,430 16,527 18,957 75 Commercial and industrial 973 2,428 3,401 210,212 213,613 30 Consumer and other 252 206 458 54,549 55,007 - Total Non-Real Estate 1,608 4,681 6,289 281,288 287,577 105 Total loans before unearned income $ 11,942 $ 10,957 $ 22,899 $ 1,116,691 $ 1,139,590 $ 421 Unearned income (2,419 ) Total loans net of unearned income $ 1,137,171 As of December 31, 2017 (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 $ 95 $ 371 $ 466 $ 112,137 $ 112,603 $ - Farmland 175 65 240 25,451 25,691 - 1 - 4 family 1,481 1,953 3,434 155,299 158,733 - Multifamily - - - 16,840 16,840 - Non-farm non-residential 1,006 3,758 4,764 525,529 530,293 - Total Real Estate 2,757 6,147 8,904 835,256 844,160 - Non-Real Estate: Agricultural 239 1,537 1,776 19,738 21,514 41 Commercial and industrial 630 5,624 6,254 224,384 230,638 798 Consumer and other 463 81 544 54,641 55,185 - Total Non-Real Estate 1,332 7,242 8,574 298,763 307,337 839 Total loans before unearned income $ 4,089 $ 13,389 $ 17,478 $ 1,134,019 $ 1,151,497 $ 839 Unearned income (2,483 ) Total loans net of unearned income $ 1,149,014 |
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, 2018 As of December 31, 2017 Real Estate: Construction & land development $ 360 $ 371 Farmland 235 65 1 - 4 family 1,480 1,953 Multifamily - - Non-farm non-residential 3,885 3,758 Total Real Estate 5,960 6,147 Non-Real Estate: Agricultural 1,972 1,496 Commercial and industrial 2,398 4,826 Consumer and other 206 81 Total Non-Real Estate 4,576 6,403 Total Nonaccrual Loans $ 10,536 $ 12,550 |
Credit Exposure of Loan Portfolio, Including Loans Acquired with Deteriorated Credit Quality, by Specific Credit Ratings | The following table identifies the credit exposure of the loan portfolio, including loans acquired with deteriorated credit quality, by specific credit ratings as of the dates indicated: As of March 31, 2018 As of December 31, 2017 (in thousands) Pass Special Mention Substandard Doubtful Total Pass Special Mention Substandard Doubtful Total Real Estate: Construction & land development $ 91,189 $ 122 $ 4,213 $ - $ 95,524 $ 108,200 $ 125 $ 4,278 $ - $ 112,603 Farmland 23,838 569 261 - 24,668 25,030 569 92 - 25,691 1 - 4 family 148,464 2,213 8,260 - 158,937 149,426 1,856 7,451 - 158,733 Multifamily 35,931 660 6,815 - 43,406 9,366 639 6,835 - 16,840 Non-farm non-residential 506,128 5,290 18,060 - 529,478 510,494 2,490 17,309 - 530,293 Total Real Estate 805,550 8,854 37,609 - 852,013 802,516 5,679 35,965 - 844,160 Non-Real Estate: Agricultural 15,714 631 2,612 - 18,957 19,050 995 1,469 - 21,514 Commercial and industrial 187,498 18,849 5,248 2,018 213,613 201,722 19,187 5,169 4,560 230,638 Consumer and other 48,691 137 6,179 - 55,007 48,225 68 6,892 - 55,185 Total Non-Real Estate 251,903 19,617 14,039 2,018 287,577 268,997 20,250 13,530 4,560 307,337 Total loans before unearned income $ 1,057,453 $ 28,471 $ 51,648 $ 2,018 $ 1,139,590 $ 1,071,513 $ 25,929 $ 49,495 $ 4,560 $ 1,151,497 Unearned income (2,419 ) (2,483 ) Total loans net of unearned income $ 1,137,171 $ 1,149,014 |
Carrying Amount of Purchased Impaired Loans | The carrying amount of those loans is as follows at March 31, 2018. thousands) As of March 31, 2018 As of December 31, 2017 Real Estate: Construction & land development $ 1,127 $ 1,135 Farmland 7 8 1 - 4 family 48 50 Multifamily - - Non-farm non-residential 2,131 2,148 Total Real Estate 3,313 3,341 Non-Real Estate: Agricultural - - Commercial and industrial 896 1,017 Consumer and other - - Total Non-Real Estate 896 1,017 Total $ 4,209 $ 4,358 |
Accretable Yield, or Income Expected to be Collected, on Purchased Loans | The accretable yield, or income expected to be collected, on the purchased loans above is as follows for the three months ended March 31, 2018. (in thousands) Three Months Ended March 31, 2018 Balance, beginning of period $ 1,031 Acquisition accretable yield - Accretion (65 ) Net transfers from nonaccretable difference to accretable yield - Balance, end of period $ 966 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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, 2018 and 2017 are as follows: For the Three Months Ended March 31, 2018 2017 (in thousands) Beginning Allowance (12/31/2017) Charge-offs Recoveries Provision Ending Allowance (3/31/2018) Beginning Allowance (12/31/2016) Charge-offs Recoveries Provision Ending Allowance (3/31/2017) Real Estate: Construction & land development $ 628 $ - $ 1 $ (60 ) $ 569 $ 1,232 $ - $ 1 $ (92 ) $ 1,141 Farmland 5 - - 21 26 19 - - (13 ) 6 1 - 4 family 1,078 (97 ) 80 (157 ) 904 1,204 - 14 (154 ) 1,064 Multifamily 994 - 10 510 1,514 591 - 10 8 609 Non-farm non-residential 2,811 - 3 722 3,536 3,451 - 2 367 3,820 Total real estate 5,516 (97 ) 94 1,036 6,549 6,497 - 27 116 6,640 Non-Real Estate: Agricultural 187 - 11 94 292 74 (33 ) 8 13 62 Commercial and industrial 2,377 - 10 (453 ) 1,934 3,543 (45 ) 5 625 4,128 Consumer and other 1,125 (98 ) 38 (58 ) 1,007 972 (206 ) 66 (15 ) 817 Unallocated 20 - - (14 ) 6 28 - - (28 ) - Total Non-Real Estate 3,709 (98 ) 59 (431 ) 3,239 4,617 (284 ) 79 595 5,007 Total $ 9,225 $ (195 ) $ 153 $ 605 $ 9,788 $ 11,114 $ (284 ) $ 106 $ 711 $ 11,647 A summary of the allowance and loans, including loans acquired with deteriorated credit quality, individually and collectively evaluated for impairment are as follows: As of March 31, 2018 (in thousands) Allowance Individually Evaluated for Impairment Allowance Collectively Evaluated for Impairment Total Allowance for Credit Losses Loans Individually Evaluated for Impairment Loans Collectively Evaluated for Impairment Total Loans before Unearned Income Real Estate: Construction & land development $ - $ 569 $ 569 $ - $ 95,524 $ 95,524 Farmland - 26 26 - 24,668 24,668 1 - 4 family - 904 904 631 158,306 158,937 Multifamily - 1,514 1,514 - 43,406 43,406 Non-farm non-residential 1,360 2,176 3,536 8,937 520,541 529,478 Total Real Estate 1,360 5,189 6,549 9,568 842,445 852,013 Non-Real Estate: Agricultural 148 144 292 1,663 17,294 18,957 Commercial and industrial 104 1,830 1,934 3,161 210,452 213,613 Consumer and other - 1,007 1,007 - 55,007 55,007 Unallocated - 6 6 - - - Total Non-Real Estate 252 2,987 3,239 4,824 282,753 287,577 Total $ 1,612 $ 8,176 $ 9,788 $ 14,392 $ 1,125,198 $ 1,139,590 Unearned Income (2,419 ) Total loans net of unearned income $ 1,137,171 As of December 31, 2017 (in thousands) Allowance Individually Evaluated For Impairment Allowance Collectively Evaluated for Impairment Total Allowance for Credit Losses Loans Individually Evaluated For Impairment Loans Collectively Evaluated for Impairment Total Loans before Unearned Income Real Estate: Construction & land development $ - $ 628 $ 628 $ - $ 112,603 $ 112,603 Farmland - 5 5 - 25,691 25,691 1 - 4 family - 1,078 1,078 - 158,733 158,733 Multifamily - 994 994 - 16,840 16,840 Non-farm non-residential 236 2,575 2,811 8,990 521,303 530,293 Total Real Estate 236 5,280 5,516 8,990 835,170 844,160 Non-Real Estate: Agricultural 66 121 187 861 20,653 21,514 Commercial and industrial 565 1,812 2,377 5,731 224,907 230,638 Consumer and other - 1,125 1,125 - 55,185 55,185 Unallocated - 20 20 - - - Total Non-Real Estate 631 3,078 3,709 6,592 300,745 307,337 Total $ 867 $ 8,358 $ 9,225 $ 15,582 $ 1,135,915 $ 1,151,497 Unearned Income (2,483 ) Total loans net of unearned income $ 1,149,014 |
Summary of Impaired Loans, Excluding Loans Acquired with Deteriorated Credit Quality, by Class | The following is a summary of impaired loans, excluding loans acquired with deteriorated credit quality, by class as of the date indicated: As of March 31, 2018 (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 $ - $ - $ - $ - $ - $ - Farmland - - - - - - 1 - 4 family 631 631 - 610 13 - Multifamily - - - - - - Non-farm non-residential 2,679 2,679 - 2,679 28 26 Total Real Estate 3,310 3,310 - 3,289 41 26 Non-Real Estate: Agricultural - - - - - - Commercial and industrial 2,018 5,350 - 3,713 - - Consumer and other - - - - - - Total Non-Real Estate 2,018 5,350 - 3,713 - - Total Impaired Loans with no related allowance 5,328 8,660 - 7,002 41 26 Impaired Loans with an allowance recorded: Real Estate: Construction & land development - - - - - - Farmland - - - - - - 1 - 4 family - - - - - - Multifamily - - - - - - Non-farm non-residential 6,258 6,610 1,360 6,265 34 35 Total Real Estate 6,258 6,610 1,360 6,265 34 35 Non-Real Estate: Agricultural 1,663 1,722 148 1,664 7 - Commercial and industrial 1,143 1,143 104 1,152 20 16 Consumer and other - - - - - - Total Non-Real Estate 2,806 2,865 252 2,816 27 16 Total Impaired Loans with an allowance recorded 9,064 9,475 1,612 9,081 61 51 Total Impaired Loans $ 14,392 $ 18,135 $ 1,612 $ 16,083 $ 102 $ 77 The following is a summary of impaired loans by class as of the date indicated: As of December 31, 2017 (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 $ - $ - $ - $ - $ - $ - Farmland - - - - - - 1 - 4 family - - - - - - Multifamily - - - - - - Non-farm non-residential 5,771 5,771 - 5,933 248 279 Total Real Estate 5,771 5,771 - 5,933 248 279 Non-Real Estate: Agricultural - - - - - - Commercial and industrial - - - - - - Consumer and other - - - - - - Total Non-Real Estate - - - - - - Total Impaired Loans with no related allowance 5,771 5,771 - 5,933 248 279 Impaired Loans with an allowance recorded: Real Estate: Construction & land development - - - - - - Farmland - - - - - - 1 - 4 family - - - - - - Multifamily - - - - - - Non-farm non-residential 3,219 3,570 236 3,555 183 127 Total Real Estate 3,219 3,570 236 3,555 183 127 Non-Real Estate: Agricultural 861 920 66 1,117 70 17 Commercial and industrial 5,731 9,062 565 8,121 65 84 Consumer and other - - - - - - Total Non-Real Estate 6,592 9,982 631 9,238 135 101 Total Impaired Loans with an allowance recorded 9,811 13,552 867 12,793 318 228 Total Impaired Loans $ 15,582 $ 19,323 $ 867 $ 18,726 $ 566 $ 507 |
Troubled Debt Restructurings | The following table identifies the TDRs as of March 31, 2018 and December 31, 2017: March 31, 2018 December 31, 2017 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 $ - $ - $ 325 $ 325 $ - $ - $ 334 $ 334 Farmland - - - - - - - - 1-4 Family - - - - - - - - Multifamily - - - - - - - - Non-farm non residential 2,138 - - 2,138 2,138 - - 2,138 Total Real Estate 2,138 - 325 2,463 2,138 - 334 2,472 Non-Real Estate: Agricultural - - - - - - - - Commercial and industrial - - - - - - - - Consumer and other - - - - - - - - Total Non-Real Estate - - - - - - - - Total $ 2,138 $ - $ 325 $ 2,463 $ 2,138 $ - $ 334 $ 2,472 The following table discloses TDR activity for the three months ended March 31, 2018. Troubled Debt Restructured Loans Activity Three Months Ended March 31, 2018 (in thousands) Beginning balance December 31, 2017 New TDRs Charge-offs post-modification Transferred to ORE Paydowns Construction to permanent financing Restructured to market terms Other adjustments Ending balance March 31, 2018 Real Estate: Construction & land development $ 334 $ - $ - $ - $ (9 ) $ - $ - $ - $ 325 Farmland - - - - - - - - - 1 - 4 family - - - - - - - - - Multifamily - - - - - - - - - Non-farm non-residential 2,138 - - - - - - - 2,138 Total Real Estate 2,472 - - - (9 ) - - - 2,463 Non-Real Estate: Agricultural - - - - - - - - - Commercial and industrial - - - - - - - - - Consumer and other - - - - - - - - - Total Non-Real Estate - - - - - - - - - Total $ 2,472 $ - $ - $ - $ (9 ) $ - $ - - $ 2,463 |
Other Real Estate (ORE) (Tables
Other Real Estate (ORE) (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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, 2018 December 31, 2017 Real Estate Owned Acquired by Foreclosure: Residential $ 164 $ 23 Construction & land development 250 304 Non-farm non-residential 857 954 Total Other Real Estate Owned and Foreclosed Property $ 1,271 $ 1,281 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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, 2018 and December 31, 2017: Contract Amount (in thousands) March 31, 2018 December 31, 2017 Commitments to Extend Credit $ 65,638 $ 78,125 Unfunded Commitments under lines of credit $ 126,401 $ 101,344 Commercial and Standby letters of credit $ 8,801 $ 7,886 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Fair Value Measurements [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, 2018 and December 31, 2017, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) March 31, 2018 December 31, 2017 Available for Sale Securities Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ 15,781 $ 19,980 Level 2: Significant Other Observable Inputs 362,507 355,022 Level 3: Significant Unobservable Inputs 6,683 6,533 Securities available for sale measured at fair value $ 384,971 $ 381,535 |
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, 2018 and December 31, 2017, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: (in thousands) At March 31, 2018 At December 31, 2017 Impaired Loans - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ - $ - Level 2: Significant Other Observable Inputs - - Level 3: Significant Unobservable Inputs 9,470 12,003 Impaired loans measured at fair value $ 9,470 $ 12,003 Other Real Estate Owned - Fair Value Measurements Using: Level 1: Quoted Prices in Active Markets For Identical Assets $ - $ - Level 2: Significant Other Observable Inputs 1,239 1,249 Level 3: Significant Unobservable Inputs 32 32 Other real estate owned measured at fair value $ 1,271 $ 1,281 |
Financial Instruments (Tables)
Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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, 2018 and December 31, 2017 are presented in the following table: March 31, 2018 December 31, 2017 (in thousands) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Assets Cash and cash equivalents $ 32,264 $ 32,264 $ 38,028 $ 38,028 Securities, available for sale 384,971 384,971 381,535 381,535 Securities, held to maturity 117,111 113,348 120,121 118,557 Federal Home Loan Bank stock 2,359 2,359 2,351 2,351 Loans held for sale 1,837 2,021 1,308 1,439 Loans, net 1,127,383 1,115,592 1,139,789 1,133,868 Accrued interest receivable 8,098 8,098 7,982 7,982 Liabilities Deposits $ 1,550,230 $ 1,546,546 $ 1,549,286 $ 1,549,449 Borrowings 22,040 22,058 38,274 38,294 Junior subordinated debentures 14,673 14,525 14,664 14,324 Accrued interest payable 2,849 2,849 2,488 2,488 |
Merger Transaction (Details)
Merger Transaction (Details) - USD ($) $ / shares in Units, $ in Thousands | Dec. 14, 2017 | Jun. 16, 2017 | Dec. 31, 2017 | Mar. 31, 2017 | Mar. 31, 2018 |
Business Acquisition [Line Items] | |||||
Common stock, dividend paid percentage | 10.00% | ||||
Acquired assets and liabilities at fair value [Abstract] | |||||
Goodwill | $ 3,472 | $ 3,472 | |||
Premier Bancshares, Inc. [Member] | |||||
Business Acquisition [Line Items] | |||||
Percentage of outstanding shares acquired | 100.00% | ||||
Number of shares of common stock issued for each share of acquired entity (in shares) | 0.119 | ||||
Total number of shares of common stock issued in acquisition (in shares) | 397,988 | ||||
Share price (in dollars per share) | $ 25.86 | ||||
Common stock, dividend paid percentage | 10.00% | ||||
Acquisition value paid in cash | $ 10,300 | ||||
Acquired assets and liabilities at fair value [Abstract] | |||||
Cash and due from banks | 4,542 | ||||
Federal funds sold | 2,855 | ||||
Securities available for sale | 5,892 | ||||
Loans | 128,018 | ||||
Premises and equipment | 9,493 | ||||
Goodwill | 1,474 | ||||
Intangible assets | 3,809 | ||||
Other real estate | 221 | ||||
Other assets | 2,009 | ||||
Total assets acquired | 158,313 | ||||
Deposits | 127,228 | ||||
FHLB borrowings | 9,700 | ||||
Other liabilities | 431 | ||||
Total liabilities assumed | 137,359 | ||||
Net assets acquired | 20,954 | ||||
Pro forma information [Abstract] | |||||
Net Interest Income | $ 14,021 | ||||
Noninterest Income | 2,211 | ||||
Noninterest Expense | 10,534 | ||||
Net Income | $ 3,234 | ||||
Earnings per common share (in dollars per share) | $ 0.37 | ||||
Premier Bancshares, Inc. [Member] | Core Deposits [Member] | |||||
Acquired assets and liabilities at fair value [Abstract] | |||||
Intangible assets | $ 2,700 |
Securities, Summary Comparison
Securities, Summary Comparison of Securities by Type (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Available for Sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | $ 394,753 | $ 383,893 |
Gross unrealized gains | 1,526 | 3,095 |
Gross unrealized losses | (11,308) | (5,453) |
Fair value | 384,971 | 381,535 |
Held-to-maturity Securities [Abstract] | ||
Amortized cost | 117,111 | 120,121 |
Gross unrealized gains | 0 | 21 |
Gross unrealized losses | (3,763) | (1,585) |
Fair value | 113,348 | 118,557 |
U.S. Treasuries [Member] | ||
Available for Sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 15,296 | 19,490 |
Gross unrealized gains | 1 | 0 |
Gross unrealized losses | (1) | (4) |
Fair value | 15,296 | 19,486 |
U.S. Government Agencies [Member] | ||
Available for Sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 200,055 | 200,052 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | (7,492) | (4,069) |
Fair value | 192,563 | 195,983 |
Corporate Debt Securities [Member] | ||
Available for Sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 88,515 | 91,770 |
Gross unrealized gains | 313 | 661 |
Gross unrealized losses | (2,467) | (946) |
Fair value | 86,361 | 91,485 |
Mutual Funds or Other Equity Securities [Member] | ||
Available for Sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 500 | 500 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | (14) | (7) |
Fair value | 486 | 493 |
Municipal Bonds [Member] | ||
Available for Sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 36,952 | 37,210 |
Gross unrealized gains | 1,195 | 2,434 |
Gross unrealized losses | (328) | (75) |
Fair value | 37,819 | 39,569 |
Collateralized Mortgage Obligations [Member] | ||
Available for Sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 1,124 | 1,191 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | (17) | (6) |
Fair value | 1,107 | 1,185 |
Mortgage-backed Securities [Member] | ||
Available for Sale Securities, Fair Value to Amortized Cost Basis [Abstract] | ||
Amortized cost | 52,311 | 33,680 |
Gross unrealized gains | 17 | 0 |
Gross unrealized losses | (989) | (346) |
Fair value | 51,339 | 33,334 |
US Government Agencies [Member] | ||
Held-to-maturity Securities [Abstract] | ||
Amortized cost | 28,170 | 28,169 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | (1,161) | (670) |
Fair value | 27,009 | 27,499 |
Municipal Bonds [Member] | ||
Held-to-maturity Securities [Abstract] | ||
Amortized cost | 5,279 | 5,322 |
Gross unrealized gains | 0 | 15 |
Gross unrealized losses | (139) | (12) |
Fair value | 5,140 | 5,325 |
Mortgage-backed Securities [Member] | ||
Held-to-maturity Securities [Abstract] | ||
Amortized cost | 83,662 | 86,630 |
Gross unrealized gains | 0 | 6 |
Gross unrealized losses | (2,463) | (903) |
Fair value | $ 81,199 | $ 85,733 |
Securities, Scheduled Maturitie
Securities, Scheduled Maturities of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Available for Sale Securities, Debt Maturities, Amortized Cost [Abstract] | ||
Due in one year or less | $ 35,818 | |
Due after one year through five years | 67,109 | |
Due after five years through 10 years | 216,046 | |
Over 10 years | 22,345 | |
Subtotal | 341,318 | |
Amortized cost | 394,753 | |
Available for Sale Securities, Debt Maturities, Fair Value [Abstract] | ||
Due in one year or less | 35,726 | |
Due after one year through five years | 65,996 | |
Due after five years through 10 years | 208,773 | |
Over 10 years | 22,030 | |
Subtotal | 332,525 | |
Fair value | 384,971 | |
Held to Maturity Securities, Debt Maturities, Amortized Cost [Abstract] | ||
Due in one year or less | 0 | |
Due after one year through five years | 5,249 | |
Due after five years through 10 years | 18,336 | |
Over 10 years | 9,864 | |
Subtotal | 33,449 | |
Mortgage-backed securities | 83,662 | |
Amortized cost | 117,111 | $ 120,121 |
Held to Maturity Securities, Debt Maturities, Fair Value [Abstract] | ||
Due in one year or less | 0 | |
Due after one year through five years | 5,146 | |
Due after five years through 10 years | 17,402 | |
Over 10 years | 9,601 | |
Subtotal | 32,149 | |
Mortgage-backed securities | 81,199 | |
Fair value | 113,348 | $ 118,557 |
Collateralized Mortgage Obligations [Member] | ||
Available for Sale Securities, Debt Maturities, Amortized Cost [Abstract] | ||
Without single maturity date | 1,124 | |
Available for Sale Securities, Debt Maturities, Fair Value [Abstract] | ||
Without single maturity date | 1,107 | |
Mortgage-backed Securities [Member] | ||
Available for Sale Securities, Debt Maturities, Amortized Cost [Abstract] | ||
Without single maturity date | 52,311 | |
Available for Sale Securities, Debt Maturities, Fair Value [Abstract] | ||
Without single maturity date | $ 51,339 |
Securities, Pledged Securities
Securities, Pledged Securities (Details) $ in Millions | Mar. 31, 2018USD ($) |
Securities [Abstract] | |
Pledged securities as collateral for public fund deposits and borrowings | $ 416.9 |
Pledged securities, market value | $ 413.2 |
Securities, Summary of Securiti
Securities, Summary of Securities in Continuous Unrealized Loss Position (Details) $ in Thousands | Mar. 31, 2018USD ($)Security | Dec. 31, 2017USD ($)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 | 232 | 132 |
Less than 12 months, fair value | $ 150,772 | $ 122,124 |
Less than 12 months, gross unrealized losses | $ (3,399) | $ (885) |
12 months or more, number of securities | Security | 118 | 118 |
12 months or more, fair value | $ 171,159 | $ 175,202 |
12 months or more, gross unrealized losses | $ (7,909) | $ (4,568) |
Total, number of securities | Security | 350 | 250 |
Total, fair value | $ 321,931 | $ 297,326 |
Total, gross unrealized losses | $ (11,308) | $ (5,453) |
Held to Maturity Securities, Continuous Unrealized Loss Position [Abstract] | ||
Less than 12 months, number of securities | Security | 52 | 45 |
Less than 12 months, fair value | $ 70,708 | $ 67,302 |
Less than 12 months, gross unrealized losses | $ (1,980) | $ (602) |
12 months or more, number of securities | Security | 27 | 27 |
12 months or more, fair value | $ 42,640 | $ 44,426 |
12 months or more, gross unrealized losses | $ (1,783) | $ (983) |
Total, number of securities | Security | 79 | 72 |
Total, fair value | $ 113,348 | $ 111,728 |
Total, gross unrealized losses | $ (3,763) | $ (1,585) |
Securities Disclosures [Abstract] | ||
Number of debt securities with unrealized losses | Security | 429 | |
Unrealized losses on debt securities in continuous loss position as percentage of total individual securities' amortized cost basis | 3.30% | |
Unrealized losses on debt securities in continuous loss position as percentage of amortized cost basis of investment securities portfolio | 2.90% | |
Number of debt securities in continuous loss position for over 12 months | Security | 145 | |
Debt securities in a continuous loss position for over 12 months, amortized cost basis | $ 223,500 | |
Debt securities in a continuous loss position for over 12 months, unrealized loss | $ 9,700 | |
U.S. 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 | 6 |
Less than 12 months, fair value | $ 4,997 | $ 19,486 |
Less than 12 months, gross unrealized losses | $ (1) | $ (4) |
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 | 6 |
Total, fair value | $ 4,997 | $ 19,486 |
Total, gross unrealized losses | $ (1) | $ (4) |
U.S. 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 | 30 | 30 |
Less than 12 months, fair value | $ 61,948 | $ 62,991 |
Less than 12 months, gross unrealized losses | $ (1,563) | $ (519) |
12 months or more, number of securities | Security | 36 | 36 |
12 months or more, fair value | $ 130,615 | $ 132,992 |
12 months or more, gross unrealized losses | $ (5,929) | $ (3,550) |
Total, number of securities | Security | 66 | 66 |
Total, fair value | $ 192,563 | $ 195,983 |
Total, gross unrealized losses | $ (7,492) | $ (4,069) |
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 | 135 | 56 |
Less than 12 months, fair value | $ 44,199 | $ 19,050 |
Less than 12 months, gross unrealized losses | $ (1,182) | $ (240) |
12 months or more, number of securities | Security | 70 | 70 |
12 months or more, fair value | $ 22,207 | $ 22,818 |
12 months or more, gross unrealized losses | $ (1,285) | $ (706) |
Total, number of securities | Security | 205 | 126 |
Total, fair value | $ 66,406 | $ 41,868 |
Total, gross unrealized losses | $ (2,467) | $ (946) |
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 | 1 | 1 |
Less than 12 months, fair value | $ 486 | $ 493 |
Less than 12 months, gross unrealized losses | $ (14) | $ (7) |
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 | 1 |
Total, fair value | $ 486 | $ 493 |
Total, gross unrealized losses | $ (14) | $ (7) |
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 | 24 | 9 |
Less than 12 months, fair value | $ 10,956 | $ 4,431 |
Less than 12 months, gross unrealized losses | $ (264) | $ (36) |
12 months or more, number of securities | Security | 1 | 1 |
12 months or more, fair value | $ 1,051 | $ 1,079 |
12 months or more, gross unrealized losses | $ (64) | $ (39) |
Total, number of securities | Security | 25 | 10 |
Total, fair value | $ 12,007 | $ 5,510 |
Total, gross unrealized losses | $ (328) | $ (75) |
Collateralized Mortgage Obligations [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 | 5 | 4 |
Less than 12 months, fair value | $ 1,107 | $ 936 |
Less than 12 months, gross unrealized losses | $ (17) | $ (6) |
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 | 5 | 4 |
Total, fair value | $ 1,107 | $ 936 |
Total, gross unrealized losses | $ (17) | $ (6) |
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 | 36 | 26 |
Less than 12 months, fair value | $ 27,079 | $ 14,737 |
Less than 12 months, gross unrealized losses | $ (358) | $ (73) |
12 months or more, number of securities | Security | 11 | 11 |
12 months or more, fair value | $ 17,286 | $ 18,313 |
12 months or more, gross unrealized losses | $ (631) | $ (273) |
Total, number of securities | Security | 47 | 37 |
Total, fair value | $ 44,365 | $ 33,050 |
Total, gross unrealized losses | $ (989) | $ (346) |
US Government Agencies [Member] | ||
Held to Maturity Securities, Continuous Unrealized Loss Position [Abstract] | ||
Less than 12 months, number of securities | Security | 4 | 4 |
Less than 12 months, fair value | $ 9,728 | $ 9,925 |
Less than 12 months, gross unrealized losses | $ (272) | $ (75) |
12 months or more, number of securities | Security | 10 | 10 |
12 months or more, fair value | $ 17,281 | $ 17,574 |
12 months or more, gross unrealized losses | $ (889) | $ (595) |
Total, number of securities | Security | 14 | 14 |
Total, fair value | $ 27,009 | $ 27,499 |
Total, gross unrealized losses | $ (1,161) | $ (670) |
Municipal Bonds [Member] | ||
Held to Maturity Securities, Continuous Unrealized Loss Position [Abstract] | ||
Less than 12 months, number of securities | Security | 9 | 6 |
Less than 12 months, fair value | $ 5,140 | $ 3,191 |
Less than 12 months, gross unrealized losses | $ (139) | $ (12) |
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 | 9 | 6 |
Total, fair value | $ 5,140 | $ 3,191 |
Total, gross unrealized losses | $ (139) | $ (12) |
Mortgage-backed Securities [Member] | ||
Held to Maturity Securities, Continuous Unrealized Loss Position [Abstract] | ||
Less than 12 months, number of securities | Security | 39 | 35 |
Less than 12 months, fair value | $ 55,840 | $ 54,186 |
Less than 12 months, gross unrealized losses | $ (1,569) | $ (515) |
12 months or more, number of securities | Security | 17 | 17 |
12 months or more, fair value | $ 25,359 | $ 26,852 |
12 months or more, gross unrealized losses | $ (894) | $ (388) |
Total, number of securities | Security | 56 | 52 |
Total, fair value | $ 81,199 | $ 81,038 |
Total, gross unrealized losses | $ (2,463) | $ (903) |
Securities, Other Than Temporar
Securities, Other Than Temporary Impairments (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018USD ($)Issuer | Mar. 31, 2017USD ($) | |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | ||
Other than temporary impairment losses | $ 0 | $ 0 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward] | ||
Beginning balance of credit losses at end of prior year | 60 | 60 |
Other-than-temporary impairment credit losses on securities not previously OTTI | 0 | 0 |
Increases for additional credit losses on securities previously determined to be OTTI | 0 | 0 |
Reduction for increases in cash flows | 0 | 0 |
Reduction due to credit impaired securities sold or fully settled | 0 | 0 |
Ending balance of cumulative credit losses recognized in earnings at end of period | $ 60 | $ 60 |
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, 2018 | Dec. 31, 2017 |
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | $ 502,082 | $ 501,656 |
Stockholders' Equity, Total [Member] | ||
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | 379,494 | |
Fair value | 367,406 | |
Stockholders' Equity, Total [Member] | U.S. Treasuries [Member] | ||
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | 15,296 | |
Fair value | 15,296 | |
Stockholders' Equity, Total [Member] | Federal Home Loan Bank (FHLB) [Member] | ||
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | 50,396 | |
Fair value | 48,473 | |
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 | 63,363 | |
Fair value | 62,020 | |
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 | 113,514 | |
Fair value | 109,654 | |
Stockholders' Equity, Total [Member] | Federal Farm Credit Bank (FFCB) [Member] | ||
Exposure to investment securities issuers that exceeded 10% of shareholders' equity [Abstract] | ||
Amortized cost | 136,925 | |
Fair value | $ 131,963 |
Loans, Components of Loan Portf
Loans, Components of Loan Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Balance [Abstract] | ||
Total loans before unearned income | $ 1,139,590 | $ 1,151,497 |
Unearned income | (2,419) | (2,483) |
Total loans net of unearned income | $ 1,137,171 | $ 1,149,014 |
As % of Category [Abstract] | ||
Percent of category | 100.00% | 100.00% |
Real Estate [Member] | ||
Balance [Abstract] | ||
Total loans before unearned income | $ 852,013 | $ 844,160 |
As % of Category [Abstract] | ||
Percent of category | 74.80% | 73.30% |
Real Estate [Member] | Construction & Land Development [Member] | ||
Balance [Abstract] | ||
Total loans before unearned income | $ 95,524 | $ 112,603 |
As % of Category [Abstract] | ||
Percent of category | 8.40% | 9.80% |
Real Estate [Member] | Farmland [Member] | ||
Balance [Abstract] | ||
Total loans before unearned income | $ 24,668 | $ 25,691 |
As % of Category [Abstract] | ||
Percent of category | 2.20% | 2.20% |
Real Estate [Member] | 1 - 4 Family [Member] | ||
Balance [Abstract] | ||
Total loans before unearned income | $ 158,937 | $ 158,733 |
As % of Category [Abstract] | ||
Percent of category | 13.90% | 13.80% |
Real Estate [Member] | Multifamily [Member] | ||
Balance [Abstract] | ||
Total loans before unearned income | $ 43,406 | $ 16,840 |
As % of Category [Abstract] | ||
Percent of category | 3.80% | 1.40% |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Balance [Abstract] | ||
Total loans before unearned income | $ 529,478 | $ 530,293 |
As % of Category [Abstract] | ||
Percent of category | 46.50% | 46.10% |
Non-Real Estate [Member] | ||
Balance [Abstract] | ||
Total loans before unearned income | $ 287,577 | $ 307,337 |
As % of Category [Abstract] | ||
Percent of category | 25.20% | 26.70% |
Non-Real Estate [Member] | Agricultural [Member] | ||
Balance [Abstract] | ||
Total loans before unearned income | $ 18,957 | $ 21,514 |
As % of Category [Abstract] | ||
Percent of category | 1.70% | 1.90% |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Balance [Abstract] | ||
Total loans before unearned income | $ 213,613 | $ 230,638 |
As % of Category [Abstract] | ||
Percent of category | 18.70% | 20.00% |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Balance [Abstract] | ||
Total loans before unearned income | $ 55,007 | $ 55,185 |
As % of Category [Abstract] | ||
Percent of category | 4.80% | 4.80% |
Loans, Fixed and Floating Rate
Loans, Fixed and Floating Rate Loans by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financing Receivables, Fixed and Floating Rate Loans by Contractual Maturity [Abstract] | ||
One year or less | $ 191,725 | $ 164,744 |
More than one to five years | 596,578 | 641,468 |
More than five to 15 years | 202,382 | 194,488 |
Over 15 years | 138,369 | 138,247 |
Subtotal | 1,129,054 | 1,138,947 |
Nonaccrual loans | 10,536 | 12,550 |
Total loans before unearned income | 1,139,590 | 1,151,497 |
Unearned income | (2,419) | (2,483) |
Total loans net of unearned income | 1,137,171 | 1,149,014 |
Fixed Rate Loans [Member] | ||
Financing Receivables, Fixed and Floating Rate Loans by Contractual Maturity [Abstract] | ||
One year or less | 100,339 | 89,383 |
More than one to five years | 374,968 | 390,333 |
More than five to 15 years | 130,571 | 124,215 |
Over 15 years | 71,456 | 70,366 |
Subtotal | 677,334 | 674,297 |
Floating Rate Loans [Member] | ||
Financing Receivables, Fixed and Floating Rate Loans by Contractual Maturity [Abstract] | ||
One year or less | 91,386 | 75,361 |
More than one to five years | 221,610 | 251,135 |
More than five to 15 years | 71,811 | 70,273 |
Over 15 years | 66,913 | 67,881 |
Subtotal | 451,720 | 464,650 |
Loans at interest rate floor | $ 54,900 | $ 95,400 |
Loans, Receivables Past Due (De
Loans, Receivables Past Due (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | $ 22,899 | $ 17,478 |
Current | 1,116,691 | 1,134,019 |
Total loans before unearned income | 1,139,590 | 1,151,497 |
Recorded investment 90 days accruing | 421 | 839 |
Unearned income | (2,419) | (2,483) |
Total loans net of unearned income | 1,137,171 | 1,149,014 |
30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 11,942 | 4,089 |
90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 10,957 | 13,389 |
Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 16,610 | 8,904 |
Current | 835,403 | 835,256 |
Total loans before unearned income | 852,013 | 844,160 |
Recorded investment 90 days accruing | 316 | 0 |
Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 10,334 | 2,757 |
Real Estate [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 6,276 | 6,147 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 688 | 466 |
Current | 94,836 | 112,137 |
Total loans before unearned income | 95,524 | 112,603 |
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 | 328 | 95 |
Real Estate [Member] | Construction & Land Development [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 360 | 371 |
Real Estate [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 655 | 240 |
Current | 24,013 | 25,451 |
Total loans before unearned income | 24,668 | 25,691 |
Recorded investment 90 days accruing | 0 | 0 |
Real Estate [Member] | Farmland [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 420 | 175 |
Real Estate [Member] | Farmland [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 235 | 65 |
Real Estate [Member] | 1 - 4 Family [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 4,386 | 3,434 |
Current | 154,551 | 155,299 |
Total loans before unearned income | 158,937 | 158,733 |
Recorded investment 90 days accruing | 0 | 0 |
Real Estate [Member] | 1 - 4 Family [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 2,906 | 1,481 |
Real Estate [Member] | 1 - 4 Family [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 1,480 | 1,953 |
Real Estate [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 0 | 0 |
Current | 43,406 | 16,840 |
Total loans before unearned income | 43,406 | 16,840 |
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 | 0 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 10,881 | 4,764 |
Current | 518,597 | 525,529 |
Total loans before unearned income | 529,478 | 530,293 |
Recorded investment 90 days accruing | 316 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 6,680 | 1,006 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 4,201 | 3,758 |
Non-Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 6,289 | 8,574 |
Current | 281,288 | 298,763 |
Total loans before unearned income | 287,577 | 307,337 |
Recorded investment 90 days accruing | 105 | 839 |
Non-Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 1,608 | 1,332 |
Non-Real Estate [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 4,681 | 7,242 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 2,430 | 1,776 |
Current | 16,527 | 19,738 |
Total loans before unearned income | 18,957 | 21,514 |
Recorded investment 90 days accruing | 75 | 41 |
Non-Real Estate [Member] | Agricultural [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 383 | 239 |
Non-Real Estate [Member] | Agricultural [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 2,047 | 1,537 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 3,401 | 6,254 |
Current | 210,212 | 224,384 |
Total loans before unearned income | 213,613 | 230,638 |
Recorded investment 90 days accruing | 30 | 798 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | 30-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 973 | 630 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 2,428 | 5,624 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | 458 | 544 |
Current | 54,549 | 54,641 |
Total loans before unearned income | 55,007 | 55,185 |
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 | 252 | 463 |
Non-Real Estate [Member] | Consumer and Other [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total past due | $ 206 | $ 81 |
Loans, Nonaccrual Loans (Detail
Loans, Nonaccrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | $ 10,536 | $ 12,550 |
Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 5,960 | 6,147 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 360 | 371 |
Real Estate [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 235 | 65 |
Real Estate [Member] | 1 - 4 Family [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 1,480 | 1,953 |
Real Estate [Member] | Multifamily [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 0 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 3,885 | 3,758 |
Non-Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 4,576 | 6,403 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 1,972 | 1,496 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 2,398 | 4,826 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | $ 206 | $ 81 |
Loans, Credit Exposure of Portf
Loans, Credit Exposure of Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | $ 1,139,590 | $ 1,151,497 |
Unearned income | (2,419) | (2,483) |
Total loans net of unearned income | 1,137,171 | 1,149,014 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 1,057,453 | 1,071,513 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 28,471 | 25,929 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 51,648 | 49,495 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 2,018 | 4,560 |
Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 852,013 | 844,160 |
Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 805,550 | 802,516 |
Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 8,854 | 5,679 |
Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 37,609 | 35,965 |
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 | 95,524 | 112,603 |
Real Estate [Member] | Construction & Land Development [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 91,189 | 108,200 |
Real Estate [Member] | Construction & Land Development [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 122 | 125 |
Real Estate [Member] | Construction & Land Development [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 4,213 | 4,278 |
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 | 24,668 | 25,691 |
Real Estate [Member] | Farmland [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 23,838 | 25,030 |
Real Estate [Member] | Farmland [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 569 | 569 |
Real Estate [Member] | Farmland [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 261 | 92 |
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 | 158,937 | 158,733 |
Real Estate [Member] | 1 - 4 Family [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 148,464 | 149,426 |
Real Estate [Member] | 1 - 4 Family [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 2,213 | 1,856 |
Real Estate [Member] | 1 - 4 Family [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 8,260 | 7,451 |
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 | 43,406 | 16,840 |
Real Estate [Member] | Multifamily [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 35,931 | 9,366 |
Real Estate [Member] | Multifamily [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 660 | 639 |
Real Estate [Member] | Multifamily [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 6,815 | 6,835 |
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 | 529,478 | 530,293 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 506,128 | 510,494 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 5,290 | 2,490 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 18,060 | 17,309 |
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 | 287,577 | 307,337 |
Non-Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 251,903 | 268,997 |
Non-Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 19,617 | 20,250 |
Non-Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 14,039 | 13,530 |
Non-Real Estate [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 2,018 | 4,560 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 18,957 | 21,514 |
Non-Real Estate [Member] | Agricultural [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 15,714 | 19,050 |
Non-Real Estate [Member] | Agricultural [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 631 | 995 |
Non-Real Estate [Member] | Agricultural [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 2,612 | 1,469 |
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 | 213,613 | 230,638 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 187,498 | 201,722 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 18,849 | 19,187 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 5,248 | 5,169 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 2,018 | 4,560 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 55,007 | 55,185 |
Non-Real Estate [Member] | Consumer and Other [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 48,691 | 48,225 |
Non-Real Estate [Member] | Consumer and Other [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 137 | 68 |
Non-Real Estate [Member] | Consumer and Other [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | 6,179 | 6,892 |
Non-Real Estate [Member] | Consumer and Other [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans before unearned income | $ 0 | $ 0 |
Loans, Purchased Impaired Loans
Loans, Purchased Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | $ 4,209 | $ 4,358 |
Schedule of Accretable Yield, Expected Income Collected on Purchased Loan [Roll Forward] | ||
Balance, beginning of period | 1,031 | |
Acquisition accretable yield | 0 | |
Accretion | (65) | |
Net transfers from nonaccretable difference to accretable yield | 0 | |
Balance, end of period | 966 | |
Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | 3,313 | 3,341 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | 1,127 | 1,135 |
Real Estate [Member] | Farmland [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | 7 | 8 |
Real Estate [Member] | 1 - 4 Family [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | 48 | 50 |
Real Estate [Member] | Multifamily [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | 0 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | 2,131 | 2,148 |
Non-Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | 896 | 1,017 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | 896 | 1,017 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Carrying amount | $ 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, 2018 | Mar. 31, 2017 | |
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | $ 9,225 | $ 11,114 |
Charge-offs | (195) | (284) |
Recoveries | 153 | 106 |
Provision | 605 | 711 |
Ending allowance | 9,788 | 11,647 |
Real Estate [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 5,516 | 6,497 |
Charge-offs | (97) | 0 |
Recoveries | 94 | 27 |
Provision | 1,036 | 116 |
Ending allowance | 6,549 | 6,640 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 628 | 1,232 |
Charge-offs | 0 | 0 |
Recoveries | 1 | 1 |
Provision | (60) | (92) |
Ending allowance | 569 | 1,141 |
Real Estate [Member] | Farmland [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 5 | 19 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Provision | 21 | (13) |
Ending allowance | 26 | 6 |
Real Estate [Member] | 1 - 4 Family [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 1,078 | 1,204 |
Charge-offs | (97) | 0 |
Recoveries | 80 | 14 |
Provision | (157) | (154) |
Ending allowance | 904 | 1,064 |
Real Estate [Member] | Multifamily [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 994 | 591 |
Charge-offs | 0 | 0 |
Recoveries | 10 | 10 |
Provision | 510 | 8 |
Ending allowance | 1,514 | 609 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 2,811 | 3,451 |
Charge-offs | 0 | 0 |
Recoveries | 3 | 2 |
Provision | 722 | 367 |
Ending allowance | 3,536 | 3,820 |
Non-Real Estate [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 3,709 | 4,617 |
Charge-offs | (98) | (284) |
Recoveries | 59 | 79 |
Provision | (431) | 595 |
Ending allowance | 3,239 | 5,007 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 187 | 74 |
Charge-offs | 0 | (33) |
Recoveries | 11 | 8 |
Provision | 94 | 13 |
Ending allowance | 292 | 62 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 2,377 | 3,543 |
Charge-offs | 0 | (45) |
Recoveries | 10 | 5 |
Provision | (453) | 625 |
Ending allowance | 1,934 | 4,128 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 1,125 | 972 |
Charge-offs | (98) | (206) |
Recoveries | 38 | 66 |
Provision | (58) | (15) |
Ending allowance | 1,007 | 817 |
Non-Real Estate [Member] | Unallocated [Member] | ||
Summary of changes in allowance for loan losses, by portfolio type [Roll Forward] | ||
Beginning allowance | 20 | 28 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Provision | (14) | (28) |
Ending allowance | $ 6 | $ 0 |
Allowance for Loan Losses, Su45
Allowance for Loan Losses, Summary of Allowance and Loans Individually and Collectively Evaluated for Impairment (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | $ 1,612 | $ 867 | ||
Allowance collectively evaluated for impairment | 8,176 | 8,358 | ||
Total allowance for credit losses | 9,788 | 9,225 | $ 11,647 | $ 11,114 |
Loans individually evaluated for impairment | 14,392 | 15,582 | ||
Loans collectively evaluated for impairment | 1,125,198 | 1,135,915 | ||
Total loans before unearned income | 1,139,590 | 1,151,497 | ||
Unearned income | (2,419) | (2,483) | ||
Total loans net of unearned income | 1,137,171 | 1,149,014 | ||
Real Estate [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 1,360 | 236 | ||
Allowance collectively evaluated for impairment | 5,189 | 5,280 | ||
Total allowance for credit losses | 6,549 | 5,516 | 6,640 | 6,497 |
Loans individually evaluated for impairment | 9,568 | 8,990 | ||
Loans collectively evaluated for impairment | 842,445 | 835,170 | ||
Total loans before unearned income | 852,013 | 844,160 | ||
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 | 569 | 628 | ||
Total allowance for credit losses | 569 | 628 | 1,141 | 1,232 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 95,524 | 112,603 | ||
Total loans before unearned income | 95,524 | 112,603 | ||
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 | 26 | 5 | ||
Total allowance for credit losses | 26 | 5 | 6 | 19 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 24,668 | 25,691 | ||
Total loans before unearned income | 24,668 | 25,691 | ||
Real Estate [Member] | 1 - 4 Family [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 | 904 | 1,078 | ||
Total allowance for credit losses | 904 | 1,078 | 1,064 | 1,204 |
Loans individually evaluated for impairment | 631 | 0 | ||
Loans collectively evaluated for impairment | 158,306 | 158,733 | ||
Total loans before unearned income | 158,937 | 158,733 | ||
Real Estate [Member] | Multifamily [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 | 1,514 | 994 | ||
Total allowance for credit losses | 1,514 | 994 | 609 | 591 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 43,406 | 16,840 | ||
Total loans before unearned income | 43,406 | 16,840 | ||
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 | 1,360 | 236 | ||
Allowance collectively evaluated for impairment | 2,176 | 2,575 | ||
Total allowance for credit losses | 3,536 | 2,811 | 3,820 | 3,451 |
Loans individually evaluated for impairment | 8,937 | 8,990 | ||
Loans collectively evaluated for impairment | 520,541 | 521,303 | ||
Total loans before unearned income | 529,478 | 530,293 | ||
Non-Real Estate [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 252 | 631 | ||
Allowance collectively evaluated for impairment | 2,987 | 3,078 | ||
Total allowance for credit losses | 3,239 | 3,709 | 5,007 | 4,617 |
Loans individually evaluated for impairment | 4,824 | 6,592 | ||
Loans collectively evaluated for impairment | 282,753 | 300,745 | ||
Total loans before unearned income | 287,577 | 307,337 | ||
Non-Real Estate [Member] | Agricultural [Member] | ||||
Summary of allowance and loans individually and collectively evaluated for impairment [Abstract] | ||||
Allowance individually evaluated for impairment | 148 | 66 | ||
Allowance collectively evaluated for impairment | 144 | 121 | ||
Total allowance for credit losses | 292 | 187 | 62 | 74 |
Loans individually evaluated for impairment | 1,663 | 861 | ||
Loans collectively evaluated for impairment | 17,294 | 20,653 | ||
Total loans before unearned income | 18,957 | 21,514 | ||
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 | 104 | 565 | ||
Allowance collectively evaluated for impairment | 1,830 | 1,812 | ||
Total allowance for credit losses | 1,934 | 2,377 | 4,128 | 3,543 |
Loans individually evaluated for impairment | 3,161 | 5,731 | ||
Loans collectively evaluated for impairment | 210,452 | 224,907 | ||
Total loans before unearned income | 213,613 | 230,638 | ||
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 | 1,007 | 1,125 | ||
Total allowance for credit losses | 1,007 | 1,125 | 817 | 972 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 55,007 | 55,185 | ||
Total loans before unearned income | 55,007 | 55,185 | ||
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 | 6 | 20 | ||
Total allowance for credit losses | 6 | 20 | $ 0 | $ 28 |
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, 2018 | Dec. 31, 2017 | |
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | $ 5,328 | $ 5,771 |
Unpaid principal balance | 8,660 | 5,771 |
Average recorded investment | 7,002 | 5,933 |
Interest income recognized | 41 | 248 |
Interest income cash basis | 26 | 279 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 9,064 | 9,811 |
Unpaid principal balance | 9,475 | 13,552 |
Related allowance | 1,612 | 867 |
Average recorded investment | 9,081 | 12,793 |
Interest income recognized | 61 | 318 |
Interest income cash basis | 51 | 228 |
Total impaired loans [Abstract] | ||
Recorded investment | 14,392 | 15,582 |
Unpaid principal balance | 18,135 | 19,323 |
Related allowance | 1,612 | 867 |
Average recorded investment | 16,083 | 18,726 |
Interest income recognized | 102 | 566 |
Interest income cash basis | 77 | 507 |
Real Estate [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 3,310 | 5,771 |
Unpaid principal balance | 3,310 | 5,771 |
Average recorded investment | 3,289 | 5,933 |
Interest income recognized | 41 | 248 |
Interest income cash basis | 26 | 279 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 6,258 | 3,219 |
Unpaid principal balance | 6,610 | 3,570 |
Related allowance | 1,360 | 236 |
Average recorded investment | 6,265 | 3,555 |
Interest income recognized | 34 | 183 |
Interest income cash basis | 35 | 127 |
Total impaired loans [Abstract] | ||
Related allowance | 1,360 | 236 |
Real Estate [Member] | Construction & Land Development [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] | 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 | 631 | 0 |
Unpaid principal balance | 631 | 0 |
Average recorded investment | 610 | 0 |
Interest income recognized | 13 | 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] | Multifamily [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] | Non-Farm Non-Residential [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 2,679 | 5,771 |
Unpaid principal balance | 2,679 | 5,771 |
Average recorded investment | 2,679 | 5,933 |
Interest income recognized | 28 | 248 |
Interest income cash basis | 26 | 279 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 6,258 | 3,219 |
Unpaid principal balance | 6,610 | 3,570 |
Related allowance | 1,360 | 236 |
Average recorded investment | 6,265 | 3,555 |
Interest income recognized | 34 | 183 |
Interest income cash basis | 35 | 127 |
Total impaired loans [Abstract] | ||
Related allowance | 1,360 | 236 |
Non-Real Estate [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 2,018 | 0 |
Unpaid principal balance | 5,350 | 0 |
Average recorded investment | 3,713 | 0 |
Interest income recognized | 0 | 0 |
Interest income cash basis | 0 | 0 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 2,806 | 6,592 |
Unpaid principal balance | 2,865 | 9,982 |
Related allowance | 252 | 631 |
Average recorded investment | 2,816 | 9,238 |
Interest income recognized | 27 | 135 |
Interest income cash basis | 16 | 101 |
Total impaired loans [Abstract] | ||
Related allowance | 252 | 631 |
Non-Real Estate [Member] | Agricultural [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 | 1,663 | 861 |
Unpaid principal balance | 1,722 | 920 |
Related allowance | 148 | 66 |
Average recorded investment | 1,664 | 1,117 |
Interest income recognized | 7 | 70 |
Interest income cash basis | 0 | 17 |
Total impaired loans [Abstract] | ||
Related allowance | 148 | 66 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Impaired loans with no related allowance [Abstract] | ||
Recorded investment | 2,018 | 0 |
Unpaid principal balance | 5,350 | 0 |
Average recorded investment | 3,713 | 0 |
Interest income recognized | 0 | 0 |
Interest income cash basis | 0 | 0 |
Impaired loans with an allowance recorded [Abstract] | ||
Recorded investment | 1,143 | 5,731 |
Unpaid principal balance | 1,143 | 9,062 |
Related allowance | 104 | 565 |
Average recorded investment | 1,152 | 8,121 |
Interest income recognized | 20 | 65 |
Interest income cash basis | 16 | 84 |
Total impaired loans [Abstract] | ||
Related allowance | 104 | 565 |
Non-Real Estate [Member] | Consumer and Other [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 |
Allowance for Loan Losses, Trou
Allowance for Loan Losses, Troubled Debt Restructurings (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | $ 2,463 | $ 2,472 |
Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 325 | 334 |
Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 2,138 | 2,138 |
30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 2,463 | 2,472 |
Real Estate [Member] | Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 325 | 334 |
Real Estate [Member] | Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 2,138 | 2,138 |
Real Estate [Member] | 30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Construction & Land Development [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 325 | 334 |
Real Estate [Member] | Construction & Land Development [Member] | Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 325 | 334 |
Real Estate [Member] | Construction & Land Development [Member] | Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Construction & Land Development [Member] | 30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Farmland [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Farmland [Member] | Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Farmland [Member] | Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Farmland [Member] | 30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | 1 - 4 Family [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | 1 - 4 Family [Member] | Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | 1 - 4 Family [Member] | Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | 1 - 4 Family [Member] | 30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Multifamily [Member] | 30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 2,138 | 2,138 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 2,138 | 2,138 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | 30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | 30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Agricultural [Member] | 30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Commercial and Industrial [Member] | 30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | Nonaccrual [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | Current and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | 0 | 0 |
Non-Real Estate [Member] | Consumer and Other [Member] | 30-89 Days Past Due and Still Accruing [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | $ 0 | $ 0 |
Allowance for Loan Losses, TDR
Allowance for Loan Losses, TDR Activity (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2018USD ($) | |
TDR activity [Roll Forward] | |
Beginning balance | $ 2,472 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | (9) |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Other adjustments | 0 |
Ending balance | 2,463 |
Commitments to lend additional funds to borrowers whose loan terms have been modified in TDR | 0 |
Real Estate [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 2,472 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | (9) |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Other adjustments | 0 |
Ending balance | 2,463 |
Real Estate [Member] | Construction & Land Development [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 334 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | (9) |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Other adjustments | 0 |
Ending balance | 325 |
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 |
Other adjustments | 0 |
Ending balance | 0 |
Real Estate [Member] | 1 - 4 Family [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 |
Other adjustments | 0 |
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 |
Other adjustments | 0 |
Ending balance | 0 |
Real Estate [Member] | Non-Farm Non-Residential [Member] | |
TDR activity [Roll Forward] | |
Beginning balance | 2,138 |
New TDRs | 0 |
Charge-offs post-modification | 0 |
Transferred to ORE | 0 |
Paydowns | 0 |
Construction to permanent financing | 0 |
Restructured to market terms | 0 |
Other adjustments | 0 |
Ending balance | 2,138 |
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 |
Other adjustments | 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 |
Other adjustments | 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 |
Other adjustments | 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 |
Other adjustments | 0 |
Ending balance | $ 0 |
Goodwill and Other Intangible49
Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Goodwill and Other Intangible Assets [Abstract] | ||
Goodwill | $ 3,472 | $ 3,472 |
Finite-Lived Intangible Assets [Line Items] | ||
Impairment charges recognized on the Company's intangible assets | 0 | |
Decrease in loan servicing assets | (100) | |
Loan servicing assets | $ 1,100 | |
Core Deposits [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted-average remaining amortization period | 9 years 8 months 12 days |
Other Real Estate (ORE) (Detail
Other Real Estate (ORE) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Real Estate Owned Acquired by Foreclosure [Abstract] | ||
Residential | $ 164 | $ 23 |
Construction & land development | 250 | 304 |
Non-farm non-residential | 857 | 954 |
Total Other Real Estate Owned and Foreclosed Property | 1,271 | $ 1,281 |
Loans secured by one to four family residential properties in the process of foreclosure | $ 200 |
Commitments and Contingencies51
Commitments and Contingencies (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Commitments to Extend Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Notional value | $ 65,638 | $ 78,125 |
Unfunded Commitments under Lines of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Notional value | 126,401 | 101,344 |
Commercial and Standby Letters of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Notional value | $ 8,801 | $ 7,886 |
Fair Value Measurements (Detail
Fair Value Measurements (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Assets measured on recurring basis [Abstract] | ||
Securities available for sale measured at fair value | $ 384,971 | $ 381,535 |
Level 1: Quoted Prices in Active Markets For Identical Assets [Member] | Treasury Bills [Member] | ||
Assets measured on recurring basis [Abstract] | ||
Net decrease in available for sale securities | (4,200) | |
Recurring Basis [Member] | ||
Assets measured on recurring basis [Abstract] | ||
Securities available for sale measured at fair value | 384,971 | 381,535 |
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 | 15,781 | 19,980 |
Recurring Basis [Member] | Level 2: Significant Other Observable Inputs [Member] | ||
Assets measured on recurring basis [Abstract] | ||
Securities available for sale measured at fair value | 362,507 | 355,022 |
Recurring Basis [Member] | Level 3: Significant Unobservable Inputs [Member] | ||
Assets measured on recurring basis [Abstract] | ||
Securities available for sale measured at fair value | 6,683 | 6,533 |
Non-Recurring Basis [Member] | ||
Assets measured on a nonrecurring basis [Abstract] | ||
Impaired loans measured at fair value | 9,470 | 12,003 |
Other real estate owned measured at fair value | 1,271 | 1,281 |
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 | 0 | 0 |
Other real estate owned measured at fair value | 1,239 | 1,249 |
Non-Recurring Basis [Member] | Level 3: Significant Unobservable Inputs [Member] | ||
Assets measured on a nonrecurring basis [Abstract] | ||
Impaired loans measured at fair value | 9,470 | 12,003 |
Other real estate owned measured at fair value | $ 32 | $ 32 |
Financial Instruments (Details)
Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Assets [Abstract] | ||
Securities available for sale measured at fair value | $ 384,971 | $ 381,535 |
Securities, held to maturity | 113,348 | 118,557 |
Accrued interest receivable | 8,098 | 7,982 |
Carrying Value [Member] | ||
Assets [Abstract] | ||
Cash and cash equivalents | 32,264 | 38,028 |
Securities available for sale measured at fair value | 384,971 | 381,535 |
Securities, held to maturity | 117,111 | 120,121 |
Federal Home Loan Bank stock | 2,359 | 2,351 |
Loans held for sale | 1,837 | 1,308 |
Loans, net | 1,127,383 | 1,139,789 |
Accrued interest receivable | 8,098 | 7,982 |
Liabilities [Abstract] | ||
Deposits | 1,550,230 | 1,549,286 |
Borrowings | 22,040 | 38,274 |
Junior subordinated debentures | 14,673 | 14,664 |
Accrued interest payable | 2,849 | 2,488 |
Estimated Fair Value [Member] | ||
Assets [Abstract] | ||
Cash and cash equivalents | 32,264 | 38,028 |
Securities available for sale measured at fair value | 384,971 | 381,535 |
Securities, held to maturity | 113,348 | 118,557 |
Federal Home Loan Bank stock | 2,359 | 2,351 |
Loans held for sale | 2,021 | 1,439 |
Loans, net | 1,115,592 | 1,133,868 |
Accrued interest receivable | 8,098 | 7,982 |
Liabilities [Abstract] | ||
Deposits | 1,546,546 | 1,549,449 |
Borrowings | 22,058 | 38,294 |
Junior subordinated debentures | 14,525 | 14,324 |
Accrued interest payable | $ 2,849 | $ 2,488 |