Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 3. The Company’s loan portfolio consists of the following categories of loans as of the dates presented (dollars in thousands). December 31, 2023 2022 Construction and development $ 190,371 $ 201,633 1-4 Family 413,786 401,377 Multifamily 105,946 81,812 Farmland 7,651 12,877 Commercial real estate 937,708 958,243 Total mortgage loans on real estate 1,655,462 1,655,942 Commercial and industrial 543,421 435,093 Consumer 11,736 13,732 Total loans $ 2,210,619 $ 2,104,767 Unamortized premiums and discounts on loans, included in the total loans balances above, were $0.2 million and $0.8 million at December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 The table below provides an analysis of the aging of loans as of December 31, 2023 December 31, 2023 Current 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Past Due Total > 90 Days and Accruing Construction and development $ 189,746 $ — $ 55 $ 570 $ 190,371 $ — 1-4 Family 406,014 3,031 1,720 3,021 413,786 — Multifamily 105,946 — — — 105,946 — Farmland 7,651 — — — 7,651 — Commercial real estate 937,272 48 359 29 937,708 — Total mortgage loans on real estate 1,646,629 3,079 2,134 3,620 1,655,462 — Commercial and industrial 542,206 259 488 468 543,421 — Consumer 11,552 57 82 45 11,736 — Total loans $ 2,200,387 $ 3,395 $ 2,704 $ 4,133 $ 2,210,619 $ — The table below provides an analysis of nonaccrual loans as of December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 (1) Nonaccrual with No Allowance for Credit Loss Nonaccrual with an Allowance for Credit Loss Total Nonaccrual Loans Interest Income Recognized on Nonaccrual Loans Total Nonaccrual Loans Construction and development $ 577 $ 212 $ 789 $ 42 $ 372 1-4 Family 2,937 1,241 4,178 26 1,207 Multifamily — — — — — Farmland — — — 10 62 Commercial real estate 216 — 216 416 6,032 Total mortgage loans on real estate 3,730 1,453 5,183 494 7,673 Commercial and industrial 59 409 468 997 2,183 Consumer 74 45 119 15 130 Total loans $ 3,863 $ 1,907 $ 5,770 $ 1,506 $ 9,986 ( 1 Nonaccrual loans previously reported as of December 31, 2022 310 30. The table below provides an analysis of the aging of loans as of December 31, 2022 ( December 31, 2022 Accruing Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Nonaccrual Total Past Due & Nonaccrual Acquired Impaired Loans Total Loans Construction and development $ 201,048 $ 101 $ — $ 112 $ 372 $ 585 $ — $ 201,633 1-4 Family 394,846 2,614 1,220 1,188 1,207 6,229 302 401,377 Multifamily 81,812 — — — — — — 81,812 Farmland 12,601 152 62 — 62 276 — 12,877 Commercial real estate 951,908 181 22 — 5,523 5,726 609 958,243 Total mortgage loans on real estate 1,642,215 3,048 1,304 1,300 7,164 12,816 911 1,655,942 Commercial and industrial 432,438 406 15 51 2,183 2,655 — 435,093 Consumer 13,347 171 27 — 130 328 57 13,732 Total loans $ 2,088,000 $ 3,625 $ 1,346 $ 1,351 $ 9,477 $ 15,799 $ 968 $ 2,104,767 Nonaccrual and Past Due Loans Loans are considered past due if the required principal and interest payments have not may not may 90 not may not may when all the principal and interest amounts contractually due are brought current and payment of future principal and interest amounts contractually due are reasonably assured, which is typically evidenced by a sustained period (at least six December 31, 2023 one Collateral Dependent Loans Collateral dependent loans are loans for which the repayments, on the basis of the Company’s assessment at the reporting date, are expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. Loans that do not December 31, 2023 Portfolio Segment Risk Factors The following describes the risk characteristics relevant to each of the Company’s loan portfolio segments. Construction and Development one 1 4 Family 1 4 first not In the third 2023, Multifamily first Farmland may Commercial Real Estate may one Commercial and Industrial may may, Consumer may Refer to Note 1. 2023 Concentrations of Credit Substantially all of the Company’s loans and commitments have been granted to customers in the Company’s market areas in south Louisiana, southeast Texas and Alabama. The distribution of commitments to extend credit approximates the distribution of loans outstanding. Credit Quality Indicators Loans are categorized into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The following definitions are utilized for risk ratings, which are consistent with the definitions used in supervisory guidance: Pass not Special Mention may Substandard not Doubtful Loss not not no not The table below presents the Company’s loan portfolio by year of origination, category, and credit quality indicator as of December 31, 2023 December 31, 2023 December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Total Construction and development Pass $ 51,811 $ 83,668 $ 25,169 $ 2,661 $ 935 $ 4,012 $ 17,496 $ 185,752 Special Mention 3,063 — 767 — — — — 3,830 Substandard — 293 489 — — 7 — 789 Total construction and development $ 54,874 $ 83,961 $ 26,425 $ 2,661 $ 935 $ 4,019 $ 17,496 $ 190,371 Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — 1-4 Family Pass $ 43,047 $ 101,479 $ 85,340 $ 58,926 $ 26,836 $ 59,115 $ 33,454 $ 408,197 Special Mention — — 477 — — — — 477 Substandard 179 1,949 257 162 963 1,510 92 5,112 Total 1-4 family $ 43,226 $ 103,428 $ 86,074 $ 59,088 $ 27,799 $ 60,625 $ 33,546 $ 413,786 Current-period gross charge-offs $ (22 ) $ — $ — $ — $ (21 ) $ (3 ) $ — $ (46 ) Multifamily Pass $ 7,839 $ 64,932 $ 16,300 $ 5,045 $ 633 $ 6,969 $ 160 $ 101,878 Special Mention — — — — — 4,068 — 4,068 Substandard — — — — — — — — Total multifamily $ 7,839 $ 64,932 $ 16,300 $ 5,045 $ 633 $ 11,037 $ 160 $ 105,946 Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass $ 1,762 $ 1,347 $ 727 $ 936 $ 775 $ 1,013 $ 1,015 $ 7,575 Special Mention — — — — — — — — Substandard — — — — — 76 — 76 Total farmland $ 1,762 $ 1,347 $ 727 $ 936 $ 775 $ 1,089 $ 1,015 $ 7,651 Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate Pass $ 76,043 $ 269,311 $ 218,780 $ 175,604 $ 82,909 $ 105,083 $ 4,731 $ 932,461 Special Mention — — 181 — — — — 181 Substandard — — — 1,474 172 3,233 187 5,066 Total commercial real estate $ 76,043 $ 269,311 $ 218,961 $ 177,078 $ 83,081 $ 108,316 $ 4,918 $ 937,708 Current-period gross charge-offs $ — $ — $ — $ — $ (2 ) $ (25 ) $ — $ (27 ) Commercial and industrial Pass $ 60,123 $ 139,543 $ 31,459 $ 14,244 $ 7,439 $ 14,290 $ 273,208 $ 540,306 Special Mention — — — — — — 2,289 2,289 Substandard 49 78 154 7 416 8 114 826 Total commercial and industrial $ 60,172 $ 139,621 $ 31,613 $ 14,251 $ 7,855 $ 14,298 $ 275,611 $ 543,421 Current-period gross charge-offs $ — $ — $ (190 ) $ — $ (7 ) $ (31 ) $ (193 ) $ (421 ) Consumer Pass $ 4,881 $ 2,303 $ 1,611 $ 734 $ 250 $ 1,130 $ 658 $ 11,567 Special Mention — — — — — — — — Substandard 4 7 1 14 4 139 — 169 Total consumer $ 4,885 $ 2,310 $ 1,612 $ 748 $ 254 $ 1,269 $ 658 $ 11,736 Current-period gross charge-offs $ (119 ) $ (22 ) $ (10 ) $ (12 ) $ (5 ) $ (58 ) $ (22 ) $ (248 ) Total loans Pass $ 245,506 $ 662,583 $ 379,386 $ 258,150 $ 119,777 $ 191,612 $ 330,722 $ 2,187,736 Special Mention 3,063 — 1,425 — — 4,068 2,289 10,845 Substandard 232 2,327 901 1,657 1,555 4,973 393 12,038 Total loans $ 248,801 $ 664,910 $ 381,712 $ 259,807 $ 121,332 $ 200,653 $ 333,404 $ 2,210,619 Current-period gross charge-offs $ (141 ) $ (22 ) $ (200 ) $ (12 ) $ (35 ) $ (117 ) $ (215 ) $ (742 ) The table below presents the Company’s loan portfolio by category and credit quality indicator as of December 31, 2022 ( December 31, 2022 Pass Special Mention Substandard Doubtful Total Construction and development $ 198,967 $ 1,593 $ 1,073 $ — $ 201,633 1-4 Family 399,143 — 2,234 — 401,377 Multifamily 81,812 — — — 81,812 Farmland 12,815 — 62 — 12,877 Commercial real estate 942,927 6,101 9,215 — 958,243 Total mortgage loans on real estate 1,635,664 7,694 12,584 — 1,655,942 Commercial and industrial 427,430 5,140 2,336 187 435,093 Consumer 13,636 — 96 — 13,732 Total loans $ 2,076,730 $ 12,834 $ 15,016 $ 187 $ 2,104,767 The Company had no December 31, 2023 December 31, 2022 Loan Participations and Sold Loans Loa n participations and whole loans sold to and serviced for others are not d $16.9 million as of December 31, 2023 2022 , respectively. The unpaid principal balances of these loans were approxim d $92.9 million at December 31, 2023 2022 , respectively. Loans to Related Parties In the ordinary course of business, the Company makes loans to related parties including its executive officers, principal shareholders, directors and their immediate family members, as well as to companies in which these individuals are principal owners. Loans outstanding to such related party borrowers amounted to approximately $46.0 million December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 The table below shows the aggregate principal balance of loans to such related parties for the years ended December 31, 2023 2022 December 31, 2023 2022 Balance, beginning of period $ 96,977 $ 97,606 New loans/changes in relationship 2,570 14,570 Repayments/changes in relationship (53,547 ) (15,199 ) Balance, end of period $ 46,000 $ 96,977 Allowance for Credit Losses The Company made the accounting policy election to exclude accrued interest receivable from the amortized cost of loans and the estimate of the allowance for credit losses. Accrued interest receivable on the Company’s loans was $12.7 million and $10.8 million at December 31, 2023 December 31, 2022 Refer to Note 1. 2023 2016 13. The table below shows a summary of the activity in the allowance for credit losses for the years ended December 31, 2023, 2022 2021 December 31, 2023 2022 2021 Balance, beginning of period $ 24,364 $ 20,859 $ 20,363 ASU 2016-13 adoption impact (1) 5,865 — — Provision for credit losses on loans (2)(3) (1,964 ) 2,922 22,885 Charge-offs (742 ) (633 ) (22,636 ) Recoveries 3,017 1,216 247 Balance, end of period $ 30,540 $ 24,364 $ 20,859 ( 1 On January 1, 2023, 2016 13, 1. 2016 13. December 31, 2023 ( 2 For the year ended December 31, 2023 ( 3 For the year ended December 31, 2021, one The following tables outline the activity in the allowance for credit losses by collateral type for the years ended December 31, 2023, 2022 2021 December 31, 2023, 2022 2021 December 31, 2023 December 31, 2023 Construction & Development 1-4 Family Multifamily Farmland Commercial Real Estate Commercial & Industrial Consumer Total Allowance for credit losses: Beginning balance $ 2,555 $ 3,917 $ 999 $ 113 $ 10,718 $ 5,743 $ 319 $ 24,364 ASU 2016-13 adoption impact (75 ) 4,712 (84 ) (99 ) 676 793 (58 ) 5,865 Provision for credit losses on loans (84 ) 524 209 (12 ) (2,922 ) 213 108 (1,964 ) Charge-offs — (46 ) — — (27 ) (421 ) (248 ) (742 ) Recoveries 75 22 — — 2,246 592 82 3,017 Ending balance $ 2,471 $ 9,129 $ 1,124 $ 2 $ 10,691 $ 6,920 $ 203 $ 30,540 Ending allowance balance for loans individually evaluated for impairment 212 187 — — — 114 25 538 Ending allowance balance for loans collectively evaluated for impairment 2,259 8,942 1,124 2 10,691 6,806 178 30,002 Loans receivable: Balance of loans individually evaluated for impairment 789 4,178 — — 216 468 119 5,770 Balance of loans collectively evaluated for impairment 189,582 409,608 105,946 7,651 937,492 542,953 11,617 2,204,849 Total period-end balance $ 190,371 $ 413,786 $ 105,946 $ 7,651 $ 937,708 $ 543,421 $ 11,736 $ 2,210,619 December 31, 2022 Construction & Development 1-4 Family Multifamily Farmland Commercial Real Estate Commercial & Industrial Consumer Total Allowance for credit losses: Beginning balance $ 2,347 $ 3,337 $ 673 $ 383 $ 9,354 $ 4,411 $ 354 $ 20,859 Provision for credit losses on loans 160 477 326 (283 ) 1,331 797 114 2,922 Charge-offs — (11 ) — (54 ) 29 (397 ) (200 ) (633 ) Recoveries 48 114 — 67 4 932 51 1,216 Ending balance $ 2,555 $ 3,917 $ 999 $ 113 $ 10,718 $ 5,743 $ 319 $ 24,364 Ending allowance balance for loans individually evaluated for impairment 26 46 — — 36 112 63 283 Ending allowance balance for loans acquired with deteriorated credit quality — — — — — — — — Ending allowance balance for loans collectively evaluated for impairment 2,529 3,871 999 113 10,682 5,631 256 24,081 Loans receivable: Balance of loans individually evaluated for impairment 591 1,479 — 62 5,936 2,241 130 10,439 Balance of loans acquired with deteriorated credit quality — 302 — — 609 — 57 968 Balance of loans collectively evaluated for impairment 201,042 399,596 81,812 12,815 951,698 432,852 13,545 2,093,360 Total period-end balance $ 201,633 $ 401,377 $ 81,812 $ 12,877 $ 958,243 $ 435,093 $ 13,732 $ 2,104,767 December 31, 2021 Construction & Development 1-4 Family Multifamily Farmland Commercial Real Estate Commercial & Industrial Consumer Total Allowance for credit losses: Beginning balance $ 2,375 $ 3,370 $ 589 $ 435 $ 8,496 $ 4,558 $ 540 $ 20,363 Provision for credit losses on loans 219 123 84 (39 ) 11,132 11,494 (128 ) 22,885 Charge-offs (283 ) (188 ) — (13 ) (10,280 ) (11,713 ) (159 ) (22,636 ) Recoveries 36 32 — — 6 72 101 247 Ending balance $ 2,347 $ 3,337 $ 673 $ 383 $ 9,354 $ 4,411 $ 354 $ 20,859 Ending allowance balance for loans individually evaluated for impairment — — — — — 468 96 564 Ending allowance balance for loans acquired with deteriorated credit quality — — — 210 — — — 210 Ending allowance balance for loans collectively evaluated for impairment 2,347 3,337 673 173 9,354 3,943 258 20,085 Loans receivable: Balance of loans individually evaluated for impairment 529 1,995 — 79 16,685 13,321 182 32,791 Balance of loans acquired with deteriorated credit quality — 348 — 1,701 636 — 64 2,749 Balance of loans collectively evaluated for impairment 202,675 361,964 59,570 18,348 879,056 297,510 17,349 1,836,472 Total period-end balance $ 203,204 $ 364,307 $ 59,570 $ 20,128 $ 896,377 $ 310,831 $ 17,595 $ 1,872,012 Loan Modifications to Borrowers Experiencing Financial Difficulty In January 2023, 2022 02, 2022 02 January 1, 2023. 1. 2023. Occasionally, the Company modifies loans to borrowers in financial distress by providing certain concessions, such as principal forgiveness, term extension, an other-than-insignificant payment delay, an interest rate reduction, or a combination of such concessions. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses. Upon the Company’s determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or portion of the loan) is written off. During the year ended December 31, 2023 The following disclosures are presented under GAAP in effect prior to the adoption of CECL that are no longer applicable or required. The Company has included these disclosures to address the applicable prior periods. Pre-Adoption of CECL - Impaired Loans The Company considered a loan to be impaired when, based on current information and events, the Company determined that it was probable that it would not When the ultimate collectability of the total principal of an impaired loan was in doubt and the loan was on nonaccrual, all payments were applied to principal, under the cost recovery method. When the ultimate collectability of the total principal of an impaired loan was not The following tables contain information on the Company’s impaired loans at December 31, 2022 2021 As of and for the year ended December 31, 2022 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Construction and development $ 366 $ 375 $ — $ 300 $ 15 1-4 Family 1,005 1,082 — 821 17 Farmland 62 70 — 68 — Commercial real estate 5,746 21,016 — 10,515 28 Total mortgage loans on real estate 7,179 22,543 — 11,704 60 Commercial and industrial 1,996 2,530 — 6,868 70 Consumer 34 45 — 56 — Total 9,209 25,118 — 18,628 130 With related allowance recorded: Construction and development 225 498 26 225 — 1-4 Family 474 484 46 205 — Commercial real estate 190 190 36 32 — Total mortgage loans on real estate 889 1,172 108 462 — Commercial and industrial 245 292 112 421 — Consumer 96 123 63 96 — Total 1,230 1,587 283 979 — Total loans: Construction and development 591 873 26 525 15 1-4 Family 1,479 1,566 46 1,026 17 Farmland 62 70 — 68 — Commercial real estate 5,936 21,206 36 10,547 28 Total mortgage loans on real estate 8,068 23,715 108 12,166 60 Commercial and industrial 2,241 2,822 112 7,289 70 Consumer 130 168 63 152 — Total $ 10,439 $ 26,705 $ 283 $ 19,607 $ 130 As of and for the year ended December 31, 2021 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Construction and development $ 529 $ 812 $ — $ 731 $ 17 1-4 Family 1,995 2,081 — 1,965 30 Farmland 79 81 — 193 — Commercial real estate 16,685 27,139 — 10,790 181 Total mortgage loans on real estate 19,288 30,113 — 13,679 228 Commercial and industrial 9,395 10,941 — 9,166 152 Consumer 55 69 — 96 — Total 28,738 41,123 — 22,941 380 With related allowance recorded: Commercial and industrial 3,926 9,618 468 1,311 24 Consumer 127 164 96 146 — Total 4,053 9,782 564 1,457 24 Total loans: Construction and development 529 812 — 731 17 1-4 Family 1,995 2,081 — 1,965 30 Farmland 79 81 — 193 — Commercial real estate 16,685 27,139 — 10,790 181 Total mortgage loans on real estate 19,288 30,113 — 13,679 228 Commercial and industrial 13,321 20,559 468 10,477 176 Consumer 182 233 96 242 — Total $ 32,791 $ 50,905 $ 564 $ 24,398 $ 404 Pre-Adoption of CECL - Troubled Debt Restructurings In situations where, for economic or legal reasons related to a borrower’s financial difficulties, the Company granted a concession for other than an insignificant period of time to the borrower that the Company would not During the year ended December 31, 2022 three no twelve December 31, 2022 At December 31, 2022 The table below presents the TDR pre- and post-modification outstanding recorded investments by loan category for loans modified during the year ended December 31, 2022 December 31, 2022 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Troubled debt restructurings Contracts Investment Investment Commercial real estate 1 $ 186 $ 186 Commercial and industrial 2 58 58 $ 244 $ 244 The following is a summary of accruing and nonaccrual TDRs and the related allowance by portfolio type at December 31, 2022 TDRs Related Accruing Nonaccrual Total Allowance December 31, 2022 Construction and development $ 219 $ — $ 219 $ — 1-4 Family 271 127 398 — Commercial real estate 413 804 1,217 — Commercial and industrial 58 1,092 1,150 — Total $ 961 $ 2,023 $ 2,984 $ — The table below includes the average recorded investment and interest income recognized for TDRs for the years ended December 31, 2022 2021 TDRs Average Recorded Investment Interest Income Recognized December 31, 2022 Construction and development $ 230 $ 15 1-4 Family 489 16 Commercial real estate 1,249 28 Commercial and industrial 3,511 70 Total $ 5,479 $ 129 December 31, 2021 Construction and development $ 251 $ 17 1-4 Family 775 28 Commercial real estate 5,358 174 Commercial and industrial 6,698 149 Total $ 13,082 $ 368 |