Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 05, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | Business First Bancshares, Inc. | |
Entity Central Index Key | 1,624,322 | |
Trading Symbol | bfbi | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 6,932,570 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Unaudited Consolidated Balance
Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Cash and Due from Banks | $ 49,960 | $ 42,173 |
Federal Funds Sold | 8,685 | 2,556 |
Securities Available for Sale, at Fair Values | 195,470 | 198,342 |
Mortgage Loans Held for Sale | 180 | |
Loans and Lease Receivable, Net of Allowance for Loan Losses of $8,183 at March 31, 2017 and $8,162 at December 31, 2016 | 845,835 | 802,789 |
Premises and Equipment, Net | 9,129 | 9,281 |
Accrued Interest Receivable | 3,086 | 3,384 |
Other Equity Securities | 6,070 | 6,120 |
Other Real Estate Owned | 1,402 | 1,187 |
Cash Value of Life Insurance | 22,717 | 22,567 |
Goodwill | 6,824 | 6,824 |
Core Deposit Intangible | 2,210 | 2,279 |
Other Assets | 6,873 | 8,159 |
Total Assets | 1,158,261 | 1,105,841 |
Noninterest Bearing | 246,446 | 223,705 |
Interest Bearing | 716,816 | 709,090 |
Total Deposits | 963,262 | 932,795 |
Securities Sold Under Agreements to Repurchase | 3,076 | 2,720 |
Short Term Borrowings | 862 | 862 |
Long Term Borrowings | 3,000 | 3,000 |
Federal Home Loan Bank Borrowings | 66,537 | 47,064 |
Accrued Interest Payable | 865 | 920 |
Other Liabilities | 4,458 | 4,921 |
Total Liabilities | 1,042,060 | 992,282 |
Common Stock, $1.00 Par Value; 10,000,000 Shares Authorized; 6,932,570 and 6,916,673 Shares Issued and Outstanding at March 31, 2017 and December 31, 2016, respectively | 6,933 | 6,917 |
Additional Paid-in Capital | 84,996 | 85,133 |
Retained Earnings | 25,478 | 23,839 |
Accumulated Other Comprehensive Loss | (1,206) | (2,330) |
Total Shareholders' Equity | 116,201 | 113,559 |
Total Liabilities and Shareholders' Equity | $ 1,158,261 | $ 1,105,841 |
Unaudited Consolidated Balance3
Unaudited Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Allowance for loan losses | $ 8,183 | $ 8,162 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Common stock, shares issued (in shares) | 6,932,570 | 6,916,673 |
Common stock, shares outstanding (in shares) | 6,932,570 | 6,916,673 |
Unaudited Consolidated Statemen
Unaudited Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Interest Income: | ||
Interest and Fees on Loans | $ 11,141 | $ 9,697 |
Interest and Dividends on Securities | 947 | 974 |
Interest on Federal Funds Sold and Due From Banks | 17 | 41 |
Total Interest Income | 12,105 | 10,712 |
Interest Expense: | ||
Interest on Deposits | 1,348 | 1,107 |
Interest on Borrowings | 197 | 174 |
Total Interest Expense | 1,545 | 1,281 |
Net Interest Income | 10,560 | 9,431 |
Provision for Loan Losses | 355 | 670 |
Net Interest Income after Provision for Loan Losses | 10,205 | 8,761 |
Other Income: | ||
Service Charges on Deposit Accounts | 512 | 494 |
Gain on Sales of Securities | 175 | |
Other Income | 792 | 772 |
Total Other Income | 1,304 | 1,441 |
Other Expenses: | ||
Salaries and Employee Benefits | 4,984 | 4,696 |
Occupancy and Equipment Expense | 1,168 | 1,103 |
Other Expenses | 2,614 | 2,602 |
Total Other Expenses | 8,766 | 8,401 |
Income Before Income Taxes | 2,743 | 1,801 |
Provision for Income Taxes | 767 | 397 |
Net Income | $ 1,976 | $ 1,404 |
Earnings Per Share: | ||
Basic (in dollars per share) | $ 0.29 | $ 0.20 |
Diluted (in dollars per share) | $ 0.27 | $ 0.19 |
Unaudited Consolidated Stateme5
Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Consolidated Net Income | $ 1,976 | $ 1,404 |
Other Comprehensive Income: | ||
Unrealized Gain on Investment Securities | 1,703 | 1,370 |
Reclassification Adjustment for Gains included in Net Income | 175 | |
Income Tax Effect | (579) | (525) |
Other Comprehensive Income | 1,124 | 1,020 |
Consolidated Comprehensive Income | $ 3,100 | $ 2,424 |
Unaudited Consolidated Stateme6
Unaudited Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances at at Dec. 31, 2015 | $ 7,036 | $ 85,913 | $ 20,289 | $ (789) | $ 112,449 |
Net Income | 1,404 | 1,404 | |||
Other Comprehensive Income | 1,020 | 1,020 | |||
Stock Based Compensation Cost | 106 | 106 | |||
Exercise of Stock Warrants | 1 | 14 | 15 | ||
Balances at at Mar. 31, 2016 | 7,037 | 86,033 | 21,693 | 231 | 114,994 |
Balances at at Dec. 31, 2016 | 6,917 | 85,133 | 23,839 | (2,330) | 113,559 |
Net Income | 1,976 | 1,976 | |||
Other Comprehensive Income | 1,124 | 1,124 | |||
Stock Based Compensation Cost | 18 | (97) | (79) | ||
Balances at at Mar. 31, 2017 | 6,933 | 84,996 | 25,478 | $ (1,206) | 116,201 |
Cash Dividends Declared, $0.05 Per Share | (346) | (346) | |||
Stock Repurchase | $ (2) | $ (40) | $ 9 | $ (33) |
Unaudited Consolidated Stateme7
Unaudited Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) | 3 Months Ended |
Mar. 31, 2017$ / shares | |
Retained Earnings [Member] | |
Cash dividends declared (in dollars per share) | $ 0.05 |
Unaudited Consolidated Stateme8
Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash Flows From Operating Activities: | ||
Consolidated Net Income | $ 1,976 | $ 1,404 |
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities: | ||
Provision for Loan Losses | 355 | 670 |
Depreciation and Amortization | 320 | 319 |
Amortization of Purchase Accounting Valuations | (1,422) | (568) |
Noncash Compensation Expense | (79) | 106 |
Net Amortization of Securities | 482 | 459 |
Gain on Sales of Securities | (175) | |
(Gain) Loss on Sale of Other Real Estate Owned Net of Writedowns | (3) | 26 |
Increase in Cash Value of Life Insurance | (150) | (353) |
Provision for Deferred Income Taxes | 531 | 106 |
Changes in Assets and Liabilities: | ||
Decrease in Accrued Interest Receivable | 298 | 113 |
Decrease in Other Assets | 176 | 267 |
Increase (Decrease) in Accrued Interest Payable | (55) | 43 |
Increase (Decrease) in Other Liabilities | (463) | 90 |
Net Cash Provided by Operating Activities | 1,966 | 2,507 |
Cash Flows From Investing Activities: | ||
Purchases of Securities Available for Sale | (3,396) | (11,992) |
Proceeds from Maturities / Sales of Securities Available for Sale | 2,175 | 12,035 |
Proceeds from Paydowns of Securities Available for Sale | 5,314 | 5,155 |
Purchases of Other Equity Securities | (4) | (60) |
Redemption of Other Equity Securities | 54 | 2 |
Life Insurance Proceeds | 560 | |
Net Increase in Loans | (42,128) | (17,598) |
Purchases of Premises and Equipment | (168) | (261) |
Proceeds from Sales of Other Real Estate | 3 | 33 |
Improvements to Other Real Estate | (102) | |
Net Increase in Federal Funds Sold | (6,129) | (32,025) |
Net Cash Used in Investing Activities | (44,279) | (44,253) |
Cash Flows From Financing Activities: | ||
Net Increase in Deposits | 30,467 | 74,072 |
Net Increase in Securities Sold Under Agreements to Repurchase | 356 | 430 |
Net Advances (Repayments) on Federal Home Loan Bank Borrowings | 19,656 | (333) |
Repurchase of Common Stock | (33) | |
Proceeds from Exercise of Stock Warrants | 15 | |
Payment of Dividends on Common Stock | (346) | |
Net Cash Provided by Financing Activities | 50,100 | 74,184 |
Net Increase in Cash and Cash Equivalents | 7,787 | 32,438 |
Cash and Cash Equivalents at Beginning of Period | 42,173 | 40,911 |
Cash and Cash Equivalents at End of Period | 49,960 | 73,349 |
Supplemental Disclosures for Cash Flow Information: | ||
Interest on Deposits | 1,409 | 1,042 |
Interest on Borrowings | 191 | 196 |
Income Tax Payments | 350 | |
Supplemental Schedule for Noncash Investing and Financing Activities: | ||
Change in the Unrealized Gain on Securities Available for Sale | 1,703 | 1,545 |
Change in Deferred Tax Effect on the Unrealized Gain on Securities Available for Sale | (579) | (525) |
Transfer of Loans to Other Real Estate | $ 215 | $ 365 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation - | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1 – Basis of Presentation – The unaudited consolidated financial statements include the accounts of Business First Bancshares, Inc. (the “Company”) and its wholly-owned subsidiary, Business First Bank (the “Bank”), and its wholly-owned subsidiaries, Business First Insurance, LLC and American Gateway Insurance Agency, LLC. The Bank operates in sixteen one one eight In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly the financial results for the periods presented, and all such adjustments are of a normal recurring nature. All material intercompany transactions are eliminated. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the entire year. These interim consolidated financial statements have been prepared according to the rules and regulations of the Securities and Exchange Commission and, therefore, certain information and footnote disclosures normally presented in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) have been omitted or abbreviated. Preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates are based on management ’s best knowledge of current events and actions the Company may may may |
Note 2 - Reclassifications -
Note 2 - Reclassifications - | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Reclassifications [Text Block] | Note 2 – Reclassifications – Certain reclassifications may 201 7. |
Note 3 - Mergers and Acquisitio
Note 3 - Mergers and Acquisitions - | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | Note 3 – Mergers and Acquisitions – After the close of business on March 31, 2015, ten $10.00 11.88 ’s common stock in exchange for each share of AGFC common stock, representing an aggregate purchase price of $47.9 $371.5 $143.2 $108.4 $98.5 $2.8 $6.8 $330.5 $283.3 $41.2 $4.3 |
Note 4 - Earnings Per Common Sh
Note 4 - Earnings Per Common Share - | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 4 – Earnings per Common Share – Basic earnings per share ( “EPS”) represents income available to common shareholders divided by the weighted average number of common shares outstanding; no dilution for any potentially convertible shares is included in the calculation. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. The potential common shares that may For The Three Months Ended March 31, 2017 2016 (Dollars in thousands, except per share data) Numerator: Net Income Available to Common Shares $ 1,976 $ 1,404 Denominator: Weighted Average Common Shares Outstanding 6,914,716 7,037,001 Dilutive Effect of Stock Options and Warrants 271,901 288,357 Weighted Average Dilutive Common Shares 7,186,617 7,325,358 Basic Earnings Per Common Share From Net Income Available to Common Shares $ 0.29 $ 0.20 Diluted Earnings Per Common Share From Net Income Available to Common Shares $ 0.27 $ 0.19 |
Note 5 - Securities -
Note 5 - Securities - | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 5 – Securities – The amortized cost and fair values of securities available for sale as of March 31, 2017 December 31, 2016 March 31, 2017 (Dollars in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government Agencies $ 8,388 $ 44 $ 18 $ 8,414 Corporate Securities 13,141 79 35 13,185 Mortgage-Backed Securities 96,372 22 1,540 94,854 Municipal Securities 78,576 351 573 78,354 Other Securities 821 - 158 663 Total Securities Available for Sale $ 197,298 $ 496 $ 2,324 $ 195,470 December 31, 2016 (Dollars in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government Agencies $ 7,580 $ 36 $ 50 $ 7,566 Corporate Securities 11,148 31 52 11,127 Mortgage-Backed Securities 101,766 20 2,414 99,372 Municipal Securities 80,559 210 1,133 79,636 Other Securities 820 - 179 641 Total Securities Available for Sale $ 201,873 $ 297 $ 3,828 $ 198,342 The following tables present a summary of securities with gross unrealized losses and fair values at March 31, 2017 December 31, 2016, March 31, 2017 Less Than 12 Months 12 Months or Greater Total (Dollars in thousands) Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. Government Agencies $ 3,022 $ 18 $ - $ - $ 3,022 $ 18 Corporate Securities 2,035 4 4,502 31 6,537 35 Mortgage-Backed Securities 80,064 1,247 11,434 293 91,498 1,540 Municipal Securities 38,574 568 748 5 39,322 573 Other Securities - - 663 158 663 158 Total Securities Available for Sale $ 123,695 $ 1,837 $ 17,347 $ 487 $ 141,042 $ 2,324 December 31, 2016 Less Than 12 Months 12 Months or Greater Total (Dollars in thousands) Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. Government Agencies $ 4,535 $ 50 $ - $ - $ 4,535 $ 50 Corporate Securities 2,010 31 4,515 21 6,525 52 Mortgage-Backed Securities 86,091 1,974 9,885 440 95,976 2,414 Municipal Securities 54,533 1,128 207 5 54,740 1,133 Other Securities - - 641 179 641 179 Total Securities Available for Sale $ 147,169 $ 3,183 $ 15,248 $ 645 $ 162,417 $ 3,828 Management evaluates securities for other than temporary impairment when economic and market conditions warrant such evaluations. Consideration is given to the extent and length of time the fair value has been below cost, the reasons for the decline in value, and the Company’s intent to sell a security or whether it is more likely than not that the Company will be required to sell the security before the recovery of its amortized cost. The Company has developed a process to identify securities that could potentially have a credit impairment that is other than temporary. This process involves evaluating each security for impairment by monitoring credit performance, collateral type, collateral geography, loan-to-value ratios, credit scores, loss severity levels, pricing levels, downgrades by rating agencies, cash flow projections and other factors as indicators of potential credit issues. When the Company determines that a security is deemed to be other than temporarily impaired, an impairment loss is recognized. The amortized cost and fair values of securities available for sale as of March 31, 2017 may may Amortized Fair Cost Value (Dollars in thousands) Less Than One Year $ 6,896 $ 6,916 One to Five Years 49,423 49,479 Over Five to Ten Years 65,038 64,457 Over Ten Years 75,941 74,618 Total Securities Available for Sale $ 197,298 $ 195,470 |
Note 6 - Loans and the Allowanc
Note 6 - Loans and the Allowance for Loan Losses - | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | Note 6 – Loans and the Allowance for Loan Losses – Loans receivable at March 31, 2017 December 31, 2016 March 31, December 31, 2017 2016 (Dollars in thousands) Real estate loans: Construction and land $ 105,142 $ 94,426 Farmland 10,695 9,217 1-4 family residential 129,726 129,052 Multi-family residential 23,795 22,737 Nonfarm nonresidential 311,064 298,057 Commercial 227,310 213,120 Consumer 46,286 44,342 Total loans held for investment 854,018 810,951 Less: Allowance for loan losses (8,183 ) (8,162 ) Net loans $ 845,835 $ 802,789 The performing 1 4 March 31, 2017 December 31, 2016. Net deferred loan origination fees were $1.0 $761,000 March 31, 2017 December 31, 2016, March 31, 2017 December 31, 2016, $154,000 $232,000, The Bank is the lead lender on participations sold, without recourse, to other financial institutions which are not included in the consolidated balance sheets. The unpaid principal balances of mortgages and other loans serviced for others were approximately $63.1 $55.5 March 31, 2017 December 31, 2016, The Bank grants loans and extensions of credit to individuals and a variety of businesses and corporations located in its general market areas throughout Louisiana. Management segregates the loan portfolio into portfolio segments which is defined as the level at which the Bank develops and documents a systematic method for determining its allowance for loan losses. The portfolio segments are segregated based on loan types and the underlying risk factors present in each loan type. Such risk factors are periodically reviewed by management and revised as deemed appropriate. Loans acquired in business combinations are initially recorded at fair value, which includes an estimate of credit losses expected to be realized over the remaining lives of the loans and, therefore, no corresponding allowance for loan losses is recorded for these loans at acquisition. Methods utilized to estimate any subsequently required allowance for loan losses for acquired loans not deemed credit-impaired at acquisition are similar to originated loans; however, the estimate of loss is based on the unpaid principal balance and then compared to any remaining unaccreted purchase discount. To the extent the calculated loss is greater than the remaining unaccreted discount, an allowance is recorded for such difference. Acquired loans are those associated with our acquisition of AGFC. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. Total loans held for investment at March 31, 2017 includes $60.2 March 31, 2017 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality 310 30”) $1.5 310 30 $60.9 $2.2 Total loans held for investment at December 31, 2016 $65.3 December 31, 2016 $1.8 $65.9 $2.4 The following tables set forth, as of March 31, 2017 December 31, 2016, Allowance for Credit Losses and Recorded Investment in Loans Receivable March 31, 2017 (Dollars in thousands) Real Estate: Real Estate: Real Estate: Real Estate: Construction Real Estate: 1-4 Family Multi-family Nonfarm and Land Farmland Residential Residential Nonresidential Commercial Consumer Total Allowance for credit losses: Beginning Balance $ 933 $ 75 $ 1,228 $ 172 $ 2,314 $ 3,039 $ 401 $ 8,162 Charge-offs (2 ) - (20 ) - (318 ) (8 ) (30 ) (378 ) Recoveries - - 11 - 1 27 5 44 Provision 146 13 207 11 411 (440 ) 7 355 Ending Balance $ 1,077 $ 88 $ 1,426 $ 183 $ 2,408 $ 2,618 $ 383 $ 8,183 Ending Balance: Individually evaluated for impairment $ 22 $ - $ 424 $ - $ 88 $ 347 $ - $ 881 Collectively evaluated for impairment $ 1,055 $ 88 $ 968 $ 183 $ 2,320 $ 2,271 $ 383 $ 7,268 Purchased Credit Impaired (1) $ - $ - $ 34 $ - $ - $ - $ - $ 34 Loans receivable: Ending Balance $ 105,142 $ 10,695 $ 129,726 $ 23,795 $ 311,064 $ 227,310 $ 46,286 $ 854,018 Ending Balance: Individually evaluated for impairment $ 137 $ - $ 3,043 $ - $ 3,201 $ 6,054 $ 160 $ 12,595 Collectively evaluated for impairment $ 104,842 $ 10,695 $ 126,468 $ 23,795 $ 306,706 $ 221,256 $ 46,126 $ 839,888 Purchased Credit Impaired (1) $ 163 $ - $ 215 $ - $ 1,157 $ - $ - $ 1,535 (1) December 31, 2016 (Dollars in thousands) Real Estate: Real Estate: Real Estate: Real Estate: Construction Real Estate: 1-4 Family Multi-family Nonfarm and Land Farmland Residential Residential Nonresidential Commercial Consumer Total Allowance for credit losses: Beginning balance $ 600 $ 30 $ 1,021 $ 101 $ 1,416 $ 3,618 $ 458 $ 7,244 Charge-offs (484 ) - (162 ) - (473 ) (667 ) (3 ) (1,789 ) Recoveries 10 - 140 - 1,258 33 46 1,487 Provision 807 45 229 71 113 55 (100 ) 1,220 Ending Balance $ 933 $ 75 $ 1,228 $ 172 $ 2,314 $ 3,039 $ 401 $ 8,162 Ending Balance: Individually evaluated for impairment $ - $ - $ 252 $ - $ 98 $ 501 $ 36 $ 887 Collectively evaluated for impairment $ 933 $ 75 $ 943 $ 172 $ 2,216 $ 2,538 $ 365 $ 7,242 Purchased Credit Impaired (1) $ - $ - $ 33 $ - $ - $ - $ - $ 33 Loans receivable: Ending Balance $ 94,426 $ 9,217 $ 129,052 $ 22,737 $ 298,057 $ 213,120 $ 44,342 $ 810,951 Ending Balance: Individually evaluated for impairment $ 143 $ - $ 3,263 $ - $ 1,073 $ 7,332 $ 198 $ 12,009 Collectively evaluated for impairment $ 94,117 $ 9,217 $ 125,573 $ 22,737 $ 295,590 $ 205,788 $ 44,144 $ 797,166 Purchased Credit Impaired (1) $ 166 $ - $ 216 $ - $ 1,394 $ - $ - $ 1,776 (1) Management further disaggregates the loan portfolio segments into classes of loans, which are based on the initial measurement of the loan, risk characteristics of the loan and the method for monitoring and assessing the credit risk of the loan. As of March 31, 2017 December 31, 2016, Credit Quality Indicators March 31, 2017 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Real Estate Loans: Construction and land $ 102,950 $ 795 $ 1,159 $ 238 $ 105,142 Farmland 10,695 - - - 10,695 1-4 family residential 120,338 5,136 1,741 2,511 129,726 Multi-family residential 23,752 - 43 - 23,795 Nonfarm nonresidential 295,144 10,599 1,703 3,618 311,064 Commercial 202,238 16,056 3,050 5,966 227,310 Consumer 45,544 333 249 160 46,286 Total $ 800,661 $ 32,919 $ 7,945 $ 12,493 $ 854,018 December 31, 2016 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Real Estate Loans: Construction and land $ 92,951 $ 932 $ 300 $ 243 $ 94,426 Farmland 9,217 - - - 9,217 1-4 family residential 118,891 4,782 2,658 2,721 129,052 Multi-family residential 22,685 - 52 - 22,737 Nonfarm nonresidential 280,398 14,531 1,927 1,201 298,057 Commercial 186,197 16,783 7,377 2,763 213,120 Consumer 43,414 505 225 198 44,342 Total $ 753,753 $ 37,533 $ 12,539 $ 7,126 $ 810,951 The above classifications follow regulatory guidelines and can generally be described as follows: ● Pass loans are of satisfactory quality. ● Special mention loans have an existing weakness that could cause future impairment, including the deterioration of financial ratios, past due status, questionable management capabilities and possible reduction in the collateral values. ● Substandard loans have an existing specific and well defined weakness that may may ● Doubtful loans have specific weaknesses that are severe enough to make collection or liquidation in full highly questionable and improbable. The following tables reflect certain information with respect to the loan portfolio delinquencies by loan class and amount as of March 31, 2017 December 31, 2016. 90 Aged Analysis of Past Due Loans Receivable March 31, 2017 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Loans Receivable Recorded Investment Over 90 Days Past Due and Still Accruing Real Estate Loans: Construction and land $ 372 $ 490 $ 194 $ 1,056 $ 104,086 $ 105,142 $ - Farmland - - - - 10,695 10,695 - 1-4 family residential 560 476 703 1,739 127,987 129,726 - Multi-family residential - - - - 23,795 23,795 - Nonfarm nonresidential 1,156 76 2,736 3,968 307,096 311,064 - Commercial 2,475 - 2,353 4,828 222,482 227,310 53 Consumer 9 - 149 158 46,128 46,286 - Total $ 4,572 $ 1,042 $ 6,135 $ 11,749 $ 842,269 $ 854,018 $ 53 December 31, 2016 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Loans Receivable Recorded Investment Over 90 Days Past Due and Still Accruing Real Estate Loans: Construction and land $ 465 $ - $ 106 $ 571 $ 93,855 $ 94,426 $ - Farmland - - - - 9,217 9,217 - 1-4 family residential 989 579 963 2,531 126,521 129,052 117 Multi-family residential - - - - 22,737 22,737 - Nonfarm nonresidential 1,370 173 532 2,075 295,982 298,057 - Commercial 45 372 262 679 212,441 213,120 51 Consumer 66 - 149 215 44,127 44,342 - Total $ 2,935 $ 1,124 $ 2,012 $ 6,071 $ 804,880 $ 810,951 $ 168 The following is a summary of information pertaining to impaired loans as of March 31, 2017 December 31, 2016. $42,000 $77,000 three March 31, 2017 2016, March 31, 2017 (Dollars in thousands) Unpaid Average Recorded Principal Related Recorded Investment Balance Allowance Investment With an allowance recorded: Real Estate Loans: Construction and land $ 89 $ 89 $ 22 $ 30 Farmland - - - - 1-4 family residential 1,003 1,073 424 624 Multi-family residential - - - - Nonfarm nonresidential 376 384 88 366 Other Loans: Commercial 462 477 347 472 Consumer - - - 20 Total $ 1,930 $ 2,023 $ 881 $ 1,512 With no allowance recorded: Real Estate Loans: Construction and land $ 48 $ 58 $ - $ 109 Farmland - - - - 1-4 family residential 2,040 2,441 - 2,661 Multi-family residential - - - - Nonfarm nonresidential 2,825 2,849 - 1,410 Other Loans: Commercial 5,592 6,798 - 6,327 Consumer 160 191 - 161 Total $ 10,665 $ 12,337 $ - $ 10,668 Total Impaired Loans: Real Estate Loans: Construction and land $ 137 $ 147 $ 22 $ 139 Farmland - - - - 1-4 family residential 3,043 3,514 424 3,285 Multi-family residential - - - - Nonfarm nonresidential 3,201 3,233 88 1,776 Other Loans: Commercial 6,054 7,275 347 6,799 Consumer 160 191 - 181 Total $ 12,595 $ 14,360 $ 881 $ 12,180 December 31, 2016 (Dollars in thousands) Unpaid Average Recorded Principal Related Recorded Investment Balance Allowance Investment With an allowance recorded: Real Estate Loans: Construction and land $ - $ - $ - $ 655 Farmland - - - - 1-4 family residential 440 470 252 372 Multi-family residential - - - - Nonfarm nonresidential 368 368 98 31 Other Loans: Commercial 695 709 501 1,252 Consumer 36 36 36 12 Total $ 1,539 $ 1,583 $ 887 $ 2,322 With no allowance recorded: Real Estate Loans: Construction and land $ 143 $ 152 $ - $ 124 Farmland - - - - 1-4 family residential 2,823 3,276 - 3,296 Multi-family residential - - - - Nonfarm nonresidential 705 729 - 3,730 Other Loans: Commercial 6,637 7,826 - 3,680 Consumer 162 162 - 43 Total $ 10,470 $ 12,145 $ - $ 10,873 Total Impaired Loans: Real Estate Loans: Construction and land $ 143 $ 152 $ - $ 779 Farmland - - - - 1-4 family residential 3,263 3,746 252 3,668 Multi-family residential - - - - Nonfarm nonresidential 1,073 1,097 98 3,761 Other Loans: Commercial 7,332 8,535 501 4,932 Consumer 198 198 36 55 Total $ 12,009 $ 13,728 $ 887 $ 13,195 The Company elected to account for certain loans acquired in the AGFC merger as acquired impaired loans under ASC 310 30 The following table presents the changes in the carrying amount of the purchased impaired credits accounted for under ASC 310 30 Purchased Impaired Credits (Dollars in thousands) Carrying amount - December 31, 2015 $ 3,634 Payments received, net of discounts realized (1,181 ) Charge-offs (352 ) Transfer to other real estate (325 ) Carrying amount - December 31, 2016 1,776 Payments received, net of discounts realized (84 ) Purchased impaired credit participation interest sales proceeds, net of discount realized 145 Charge-offs (302 ) Carrying amount - March 31, 2017 $ 1,535 The Bank seeks to assist customers that are experiencing financial difficulty by renegotiating loans within lending regulations and guidelines. The Bank makes loan modifications, primarily utilizing internal renegotiation programs via direct customer contact, that manage customers ’ debt exposures held only by the Bank. Additionally, the Bank makes loan modifications with customers who have elected to work with external renegotiation agencies and these modifications provide solutions to customers’ entire unsecured debt structures. During the periods ended March 31, 2017 December 31, 2016, Once modified in a troubled debt restructuring, a loan is generally considered impaired until its contractual maturity. At the time of the restructuring, the loan is evaluated for an asset-specific allowance for credit losses. The Bank continues to specifically reevaluate the loan in subsequent periods, regardless of the borrower ’s performance under the modified terms. If a borrower subsequently defaults on the loan after it is restructured, the Bank provides an allowance for credit losses for the amount of the loan that exceeds the value of the related collateral. The following tables present informative data regarding troubled debt restructurings as of March 31, 2017 December 31, 2016. three March 31, 2017 December 31, 2016. Modifications as of March 31, 2017: Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Troubled Debt Restructuring Real Estate Loans: 1-4 family residential 3 $ 870 $ 600 Other Loans: Commercial 4 5,845 4,402 Total 7 $ 6,715 $ 5,002 Modifications as of December 31, 2016: Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Troubled Debt Restructuring Real Estate Loans: 1-4 family residential 3 $ 870 $ 608 Other Loans: Commercial 6 6,880 5,323 Total 9 $ 7,750 $ 5,931 |
Note 7 - Fair Value of Financia
Note 7 - Fair Value of Financial Instruments - | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 7 – Fair Value of Financial Instruments – Fair Value Disclosures The Company groups its financial assets and liabilities measured at fair value in three three ● Level 1 ● Level 2 ● Level 3 Recurring Basis Fair values of investment securities available for sale were primarily measured using information from a third The following tables present the balance of assets and liabilities measured on a recurring basis as of March 31, 2017 December 31, 2016. not Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) March 31, 2017 Available for Sale: U.S. Government Agency Securities $ 8,414 $ - $ 8,414 $ - Corporate Securities 13,185 - 13,185 - Mortgage-Backed Securities 94,854 - 94,854 - Municipal Securities 78,354 - 78,354 - Other Securities 663 - 663 - Total $ 195,470 $ - $ 195,470 $ - December 31, 2016 Available for Sale: U.S. Government Agency Securities $ 7,566 $ - $ 7,566 $ - Corporate Securities 11,127 - 11,127 - Mortgage-Backed Securities 99,372 - 99,372 - Municipal Securities 79,636 - 79,636 - Other Securities 641 - 641 - Total $ 198,342 $ - $ 198,342 $ - Nonrecurring Basis The Company has segregated all financial assets and liabilities that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the tables below. The Company did not record any liabilities at fair value for which measurement of the fair value was made on a nonrecurring basis. The fair value of the impaired loans is measured at the fair value of the collateral for collateral-dependent loans. Impaired loans are Level 2 2. Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) March 31, 2017 Assets: Impaired Loans $ 13,215 $ - $ 13,215 $ - Repossessed Assets 1,411 - 1,411 - Total $ 14,626 $ - $ 14,626 $ - December 31, 2016 Assets: Impaired Loans $ 12,865 $ - $ 12,865 $ - Repossessed Assets 1,196 - 1,196 - Total $ 14,061 $ - $ 14,061 $ - Fair Value Financial Instruments The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company ’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may may The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Short-Term Investments – For those short-term instruments, the carrying amount is a reasonable estimate of fair value. Securities – Fair value of securities is based on quoted market prices. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Loans – The fair value for loans is estimated using discounted cash flow analyses, with interest rates currently being offered for similar loans to borrowers with similar credit rates. Loans with similar classifications are aggregated for purposes of the calculations. The allowance for loan losses, which was used to measure the credit risk, is subtracted from loans. Cash Value of Bank-Owned Life Insurance (“BOLI”) – The carrying amount approximates its fair value. Other Equity Securities – The carrying amount approximates its fair value. Deposits – The fair value of demand deposits and certain money market deposits is the amount payable at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using discounted cash flow analyses, with interest rates currently offered for deposits of similar remaining maturities. Borrowings – The fair value of FHLB advances and other long-term borrowings is estimated using the rates currently offered for advances of similar maturities. The carrying amount of short-term borrowings maturing within ninety Commitments to Extend Credit and Standby and Commercial Letters of Credit – The fair values of commitments to extend credit and standby and commercial letters of credit do not differ significantly from the commitment amount and are therefore omitted from this disclosure. The estimated approximate fair values of the Bank ’s financial instruments as of March 31, 2017 December 31, 2016 Carrying Total Amount Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) March 31, 2017 Financial Assets: Cash and Short-Term Investments $ 58,645 $ 58,645 $ 58,645 $ - $ - Securities 195,470 195,470 - 195,470 - Loans - Net 845,835 839,566 - - 839,566 Cash Value of BOLI 22,717 22,717 - 22,717 - Other Equity Securities 6,070 6,070 - - 6,070 Total $ 1,128,737 $ 1,122,468 $ 58,645 $ 218,187 $ 845,636 Financial Liabilities: Deposits $ 963,262 $ 962,344 $ - $ - $ 962,344 Borrowings 73,475 73,311 - 73,311 - Total $ 1,036,737 $ 1,035,655 $ - $ 73,311 $ 962,344 Carrying Total Amount Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) December 31, 2016 Financial Assets: Cash and Short-Term Investments $ 44,729 $ 44,729 $ 44,729 $ - $ - Securities 198,342 198,342 - 198,342 - Mortgage Loans Held for Sale 180 180 - 180 - Loans - Net 802,789 796,400 - - 796,400 Cash Value of BOLI 22,567 22,567 - 22,567 - Other Equity Securities 6,120 6,120 - - 6,120 Total $ 1,074,727 $ 1,068,338 $ 44,729 $ 221,089 $ 802,520 Financial Liabilities: Deposits $ 932,795 $ 912,702 $ - $ - $ 912,702 Borrowings 53,646 53,706 - 53,706 - Total $ 986,441 $ 966,408 $ - $ 53,706 $ 912,702 |
Note 8 - Recently Issued Accoun
Note 8 - Recently Issued Accounting Pronouncements - | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 8 – Recently Issued Accounting Pronouncements – In January 2016, Accounting Standards Update (“ASU”) No. 2016 16, Financial Instruments - Overall (Subtopic 825 10), may 2016 16 December 15, 2017, In February 2016, 2016 02, Leases (Topic 842), December 15, 2018. In March 2016, 2016 09, Compensation - Stock Compensation (Topic 718), December 15, 2016, In June 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326), may December 31, 2019. first On January 26, 2017, ASU 2017 04, Intangibles – Goodwill and Other (Topic 350) 2 one zero zero 2020 January 1, 2017. |
Note 4 - Earnings Per Common 17
Note 4 - Earnings Per Common Share - (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For The Three Months Ended March 31, 2017 2016 (Dollars in thousands, except per share data) Numerator: Net Income Available to Common Shares $ 1,976 $ 1,404 Denominator: Weighted Average Common Shares Outstanding 6,914,716 7,037,001 Dilutive Effect of Stock Options and Warrants 271,901 288,357 Weighted Average Dilutive Common Shares 7,186,617 7,325,358 Basic Earnings Per Common Share From Net Income Available to Common Shares $ 0.29 $ 0.20 Diluted Earnings Per Common Share From Net Income Available to Common Shares $ 0.27 $ 0.19 |
Note 5 - Securities - (Tables)
Note 5 - Securities - (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | March 31, 2017 (Dollars in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government Agencies $ 8,388 $ 44 $ 18 $ 8,414 Corporate Securities 13,141 79 35 13,185 Mortgage-Backed Securities 96,372 22 1,540 94,854 Municipal Securities 78,576 351 573 78,354 Other Securities 821 - 158 663 Total Securities Available for Sale $ 197,298 $ 496 $ 2,324 $ 195,470 December 31, 2016 (Dollars in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government Agencies $ 7,580 $ 36 $ 50 $ 7,566 Corporate Securities 11,148 31 52 11,127 Mortgage-Backed Securities 101,766 20 2,414 99,372 Municipal Securities 80,559 210 1,133 79,636 Other Securities 820 - 179 641 Total Securities Available for Sale $ 201,873 $ 297 $ 3,828 $ 198,342 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | March 31, 2017 Less Than 12 Months 12 Months or Greater Total (Dollars in thousands) Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. Government Agencies $ 3,022 $ 18 $ - $ - $ 3,022 $ 18 Corporate Securities 2,035 4 4,502 31 6,537 35 Mortgage-Backed Securities 80,064 1,247 11,434 293 91,498 1,540 Municipal Securities 38,574 568 748 5 39,322 573 Other Securities - - 663 158 663 158 Total Securities Available for Sale $ 123,695 $ 1,837 $ 17,347 $ 487 $ 141,042 $ 2,324 December 31, 2016 Less Than 12 Months 12 Months or Greater Total (Dollars in thousands) Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses U.S. Government Agencies $ 4,535 $ 50 $ - $ - $ 4,535 $ 50 Corporate Securities 2,010 31 4,515 21 6,525 52 Mortgage-Backed Securities 86,091 1,974 9,885 440 95,976 2,414 Municipal Securities 54,533 1,128 207 5 54,740 1,133 Other Securities - - 641 179 641 179 Total Securities Available for Sale $ 147,169 $ 3,183 $ 15,248 $ 645 $ 162,417 $ 3,828 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Fair Cost Value (Dollars in thousands) Less Than One Year $ 6,896 $ 6,916 One to Five Years 49,423 49,479 Over Five to Ten Years 65,038 64,457 Over Ten Years 75,941 74,618 Total Securities Available for Sale $ 197,298 $ 195,470 |
Note 6 - Loans and the Allowa19
Note 6 - Loans and the Allowance for Loan Losses - (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, 2017 2016 (Dollars in thousands) Real estate loans: Construction and land $ 105,142 $ 94,426 Farmland 10,695 9,217 1-4 family residential 129,726 129,052 Multi-family residential 23,795 22,737 Nonfarm nonresidential 311,064 298,057 Commercial 227,310 213,120 Consumer 46,286 44,342 Total loans held for investment 854,018 810,951 Less: Allowance for loan losses (8,183 ) (8,162 ) Net loans $ 845,835 $ 802,789 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | March 31, 2017 (Dollars in thousands) Real Estate: Real Estate: Real Estate: Real Estate: Construction Real Estate: 1-4 Family Multi-family Nonfarm and Land Farmland Residential Residential Nonresidential Commercial Consumer Total Allowance for credit losses: Beginning Balance $ 933 $ 75 $ 1,228 $ 172 $ 2,314 $ 3,039 $ 401 $ 8,162 Charge-offs (2 ) - (20 ) - (318 ) (8 ) (30 ) (378 ) Recoveries - - 11 - 1 27 5 44 Provision 146 13 207 11 411 (440 ) 7 355 Ending Balance $ 1,077 $ 88 $ 1,426 $ 183 $ 2,408 $ 2,618 $ 383 $ 8,183 Ending Balance: Individually evaluated for impairment $ 22 $ - $ 424 $ - $ 88 $ 347 $ - $ 881 Collectively evaluated for impairment $ 1,055 $ 88 $ 968 $ 183 $ 2,320 $ 2,271 $ 383 $ 7,268 Purchased Credit Impaired (1) $ - $ - $ 34 $ - $ - $ - $ - $ 34 Loans receivable: Ending Balance $ 105,142 $ 10,695 $ 129,726 $ 23,795 $ 311,064 $ 227,310 $ 46,286 $ 854,018 Ending Balance: Individually evaluated for impairment $ 137 $ - $ 3,043 $ - $ 3,201 $ 6,054 $ 160 $ 12,595 Collectively evaluated for impairment $ 104,842 $ 10,695 $ 126,468 $ 23,795 $ 306,706 $ 221,256 $ 46,126 $ 839,888 Purchased Credit Impaired (1) $ 163 $ - $ 215 $ - $ 1,157 $ - $ - $ 1,535 December 31, 2016 (Dollars in thousands) Real Estate: Real Estate: Real Estate: Real Estate: Construction Real Estate: 1-4 Family Multi-family Nonfarm and Land Farmland Residential Residential Nonresidential Commercial Consumer Total Allowance for credit losses: Beginning balance $ 600 $ 30 $ 1,021 $ 101 $ 1,416 $ 3,618 $ 458 $ 7,244 Charge-offs (484 ) - (162 ) - (473 ) (667 ) (3 ) (1,789 ) Recoveries 10 - 140 - 1,258 33 46 1,487 Provision 807 45 229 71 113 55 (100 ) 1,220 Ending Balance $ 933 $ 75 $ 1,228 $ 172 $ 2,314 $ 3,039 $ 401 $ 8,162 Ending Balance: Individually evaluated for impairment $ - $ - $ 252 $ - $ 98 $ 501 $ 36 $ 887 Collectively evaluated for impairment $ 933 $ 75 $ 943 $ 172 $ 2,216 $ 2,538 $ 365 $ 7,242 Purchased Credit Impaired (1) $ - $ - $ 33 $ - $ - $ - $ - $ 33 Loans receivable: Ending Balance $ 94,426 $ 9,217 $ 129,052 $ 22,737 $ 298,057 $ 213,120 $ 44,342 $ 810,951 Ending Balance: Individually evaluated for impairment $ 143 $ - $ 3,263 $ - $ 1,073 $ 7,332 $ 198 $ 12,009 Collectively evaluated for impairment $ 94,117 $ 9,217 $ 125,573 $ 22,737 $ 295,590 $ 205,788 $ 44,144 $ 797,166 Purchased Credit Impaired (1) $ 166 $ - $ 216 $ - $ 1,394 $ - $ - $ 1,776 |
Financing Receivable Credit Quality Indicators [Table Text Block] | March 31, 2017 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Real Estate Loans: Construction and land $ 102,950 $ 795 $ 1,159 $ 238 $ 105,142 Farmland 10,695 - - - 10,695 1-4 family residential 120,338 5,136 1,741 2,511 129,726 Multi-family residential 23,752 - 43 - 23,795 Nonfarm nonresidential 295,144 10,599 1,703 3,618 311,064 Commercial 202,238 16,056 3,050 5,966 227,310 Consumer 45,544 333 249 160 46,286 Total $ 800,661 $ 32,919 $ 7,945 $ 12,493 $ 854,018 December 31, 2016 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Real Estate Loans: Construction and land $ 92,951 $ 932 $ 300 $ 243 $ 94,426 Farmland 9,217 - - - 9,217 1-4 family residential 118,891 4,782 2,658 2,721 129,052 Multi-family residential 22,685 - 52 - 22,737 Nonfarm nonresidential 280,398 14,531 1,927 1,201 298,057 Commercial 186,197 16,783 7,377 2,763 213,120 Consumer 43,414 505 225 198 44,342 Total $ 753,753 $ 37,533 $ 12,539 $ 7,126 $ 810,951 |
Past Due Financing Receivables [Table Text Block] | March 31, 2017 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Loans Receivable Recorded Investment Over 90 Days Past Due and Still Accruing Real Estate Loans: Construction and land $ 372 $ 490 $ 194 $ 1,056 $ 104,086 $ 105,142 $ - Farmland - - - - 10,695 10,695 - 1-4 family residential 560 476 703 1,739 127,987 129,726 - Multi-family residential - - - - 23,795 23,795 - Nonfarm nonresidential 1,156 76 2,736 3,968 307,096 311,064 - Commercial 2,475 - 2,353 4,828 222,482 227,310 53 Consumer 9 - 149 158 46,128 46,286 - Total $ 4,572 $ 1,042 $ 6,135 $ 11,749 $ 842,269 $ 854,018 $ 53 December 31, 2016 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Loans Receivable Recorded Investment Over 90 Days Past Due and Still Accruing Real Estate Loans: Construction and land $ 465 $ - $ 106 $ 571 $ 93,855 $ 94,426 $ - Farmland - - - - 9,217 9,217 - 1-4 family residential 989 579 963 2,531 126,521 129,052 117 Multi-family residential - - - - 22,737 22,737 - Nonfarm nonresidential 1,370 173 532 2,075 295,982 298,057 - Commercial 45 372 262 679 212,441 213,120 51 Consumer 66 - 149 215 44,127 44,342 - Total $ 2,935 $ 1,124 $ 2,012 $ 6,071 $ 804,880 $ 810,951 $ 168 |
Impaired Financing Receivables [Table Text Block] | March 31, 2017 (Dollars in thousands) Unpaid Average Recorded Principal Related Recorded Investment Balance Allowance Investment With an allowance recorded: Real Estate Loans: Construction and land $ 89 $ 89 $ 22 $ 30 Farmland - - - - 1-4 family residential 1,003 1,073 424 624 Multi-family residential - - - - Nonfarm nonresidential 376 384 88 366 Other Loans: Commercial 462 477 347 472 Consumer - - - 20 Total $ 1,930 $ 2,023 $ 881 $ 1,512 With no allowance recorded: Real Estate Loans: Construction and land $ 48 $ 58 $ - $ 109 Farmland - - - - 1-4 family residential 2,040 2,441 - 2,661 Multi-family residential - - - - Nonfarm nonresidential 2,825 2,849 - 1,410 Other Loans: Commercial 5,592 6,798 - 6,327 Consumer 160 191 - 161 Total $ 10,665 $ 12,337 $ - $ 10,668 Total Impaired Loans: Real Estate Loans: Construction and land $ 137 $ 147 $ 22 $ 139 Farmland - - - - 1-4 family residential 3,043 3,514 424 3,285 Multi-family residential - - - - Nonfarm nonresidential 3,201 3,233 88 1,776 Other Loans: Commercial 6,054 7,275 347 6,799 Consumer 160 191 - 181 Total $ 12,595 $ 14,360 $ 881 $ 12,180 December 31, 2016 (Dollars in thousands) Unpaid Average Recorded Principal Related Recorded Investment Balance Allowance Investment With an allowance recorded: Real Estate Loans: Construction and land $ - $ - $ - $ 655 Farmland - - - - 1-4 family residential 440 470 252 372 Multi-family residential - - - - Nonfarm nonresidential 368 368 98 31 Other Loans: Commercial 695 709 501 1,252 Consumer 36 36 36 12 Total $ 1,539 $ 1,583 $ 887 $ 2,322 With no allowance recorded: Real Estate Loans: Construction and land $ 143 $ 152 $ - $ 124 Farmland - - - - 1-4 family residential 2,823 3,276 - 3,296 Multi-family residential - - - - Nonfarm nonresidential 705 729 - 3,730 Other Loans: Commercial 6,637 7,826 - 3,680 Consumer 162 162 - 43 Total $ 10,470 $ 12,145 $ - $ 10,873 Total Impaired Loans: Real Estate Loans: Construction and land $ 143 $ 152 $ - $ 779 Farmland - - - - 1-4 family residential 3,263 3,746 252 3,668 Multi-family residential - - - - Nonfarm nonresidential 1,073 1,097 98 3,761 Other Loans: Commercial 7,332 8,535 501 4,932 Consumer 198 198 36 55 Total $ 12,009 $ 13,728 $ 887 $ 13,195 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net [Table Text Block] | Purchased Impaired Credits (Dollars in thousands) Carrying amount - December 31, 2015 $ 3,634 Payments received, net of discounts realized (1,181 ) Charge-offs (352 ) Transfer to other real estate (325 ) Carrying amount - December 31, 2016 1,776 Payments received, net of discounts realized (84 ) Purchased impaired credit participation interest sales proceeds, net of discount realized 145 Charge-offs (302 ) Carrying amount - March 31, 2017 $ 1,535 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Modifications as of March 31, 2017: Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Troubled Debt Restructuring Real Estate Loans: 1-4 family residential 3 $ 870 $ 600 Other Loans: Commercial 4 5,845 4,402 Total 7 $ 6,715 $ 5,002 Modifications as of December 31, 2016: Pre-Modification Post-Modification Number Outstanding Outstanding of Recorded Recorded Contracts Investment Investment (Dollars in thousands) Troubled Debt Restructuring Real Estate Loans: 1-4 family residential 3 $ 870 $ 608 Other Loans: Commercial 6 6,880 5,323 Total 9 $ 7,750 $ 5,931 |
Note 7 - Fair Value of Financ20
Note 7 - Fair Value of Financial Instruments - (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) March 31, 2017 Available for Sale: U.S. Government Agency Securities $ 8,414 $ - $ 8,414 $ - Corporate Securities 13,185 - 13,185 - Mortgage-Backed Securities 94,854 - 94,854 - Municipal Securities 78,354 - 78,354 - Other Securities 663 - 663 - Total $ 195,470 $ - $ 195,470 $ - December 31, 2016 Available for Sale: U.S. Government Agency Securities $ 7,566 $ - $ 7,566 $ - Corporate Securities 11,127 - 11,127 - Mortgage-Backed Securities 99,372 - 99,372 - Municipal Securities 79,636 - 79,636 - Other Securities 641 - 641 - Total $ 198,342 $ - $ 198,342 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) March 31, 2017 Assets: Impaired Loans $ 13,215 $ - $ 13,215 $ - Repossessed Assets 1,411 - 1,411 - Total $ 14,626 $ - $ 14,626 $ - December 31, 2016 Assets: Impaired Loans $ 12,865 $ - $ 12,865 $ - Repossessed Assets 1,196 - 1,196 - Total $ 14,061 $ - $ 14,061 $ - |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Total Amount Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) March 31, 2017 Financial Assets: Cash and Short-Term Investments $ 58,645 $ 58,645 $ 58,645 $ - $ - Securities 195,470 195,470 - 195,470 - Loans - Net 845,835 839,566 - - 839,566 Cash Value of BOLI 22,717 22,717 - 22,717 - Other Equity Securities 6,070 6,070 - - 6,070 Total $ 1,128,737 $ 1,122,468 $ 58,645 $ 218,187 $ 845,636 Financial Liabilities: Deposits $ 963,262 $ 962,344 $ - $ - $ 962,344 Borrowings 73,475 73,311 - 73,311 - Total $ 1,036,737 $ 1,035,655 $ - $ 73,311 $ 962,344 Carrying Total Amount Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) December 31, 2016 Financial Assets: Cash and Short-Term Investments $ 44,729 $ 44,729 $ 44,729 $ - $ - Securities 198,342 198,342 - 198,342 - Mortgage Loans Held for Sale 180 180 - 180 - Loans - Net 802,789 796,400 - - 796,400 Cash Value of BOLI 22,567 22,567 - 22,567 - Other Equity Securities 6,120 6,120 - - 6,120 Total $ 1,074,727 $ 1,068,338 $ 44,729 $ 221,089 $ 802,520 Financial Liabilities: Deposits $ 932,795 $ 912,702 $ - $ - $ 912,702 Borrowings 53,646 53,706 - 53,706 - Total $ 986,441 $ 966,408 $ - $ 53,706 $ 912,702 |
Note 1 - Basis of Presentatio21
Note 1 - Basis of Presentation - (Details Textual) | Mar. 31, 2017 |
Number of Locations in Operation | 16 |
Number of Loan Production Offices | 1 |
Number of Wealth Solution Offices | 1 |
Note 3 - Mergers and Acquisit22
Note 3 - Mergers and Acquisitions - (Details Textual) $ / shares in Units, $ in Thousands | Mar. 31, 2015USD ($)$ / shares | Mar. 31, 2017USD ($) | Dec. 31, 2016USD ($) |
Goodwill | $ 6,824 | $ 6,824 | |
American Gateway Financial Corporation [Member] | |||
Number of Branches | 10 | ||
Business Acquisition, Cash Conversion Ratio Per Share | $ / shares | $ 10 | ||
Business Acquisition, Exchange Ratio | 11.88 | ||
Business Combination, Consideration Transferred | $ 47,900 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 371,500 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | 143,200 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 108,400 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 98,500 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 2,800 | ||
Goodwill | 6,800 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 330,500 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | 283,300 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Borrowings | 41,200 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Securities Sold under Agreements to Repurchase | $ 4,300 |
Note 4 - Earnings Per Common 23
Note 4 - Earnings Per Common Share - Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net Income Available to Common Shares | $ 1,976 | $ 1,404 |
Weighted Average Common Shares Outstanding (in shares) | 6,914,716 | 7,037,001 |
Dilutive Effect of Stock Options and Warrants (in shares) | 271,901 | 288,357 |
Weighted Average Dilutive Common Shares (in shares) | 7,186,617 | 7,325,358 |
Basic Earnings Per Common Share From Net Income Available to Common Shares (in dollars per share) | $ 0.29 | $ 0.20 |
Diluted Earnings Per Common Share From Net Income Available to Common Shares (in dollars per share) | $ 0.27 | $ 0.19 |
Note 5 - Securities - Amortized
Note 5 - Securities - Amortized Cost and Fair Values of Securities Available-for-Sale (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Amortized Cost | $ 197,298 | $ 201,873 |
Gross Unrealized Gains | 496 | 297 |
Gross Unrealized Losses | 2,324 | 3,828 |
Securities Available for Sale, at Fair Values | 195,470 | 198,342 |
US Government Agencies Debt Securities [Member] | ||
Amortized Cost | 8,388 | 7,580 |
Gross Unrealized Gains | 44 | 36 |
Gross Unrealized Losses | 18 | 50 |
Securities Available for Sale, at Fair Values | 8,414 | 7,566 |
Corporate Debt Securities [Member] | ||
Amortized Cost | 13,141 | 11,148 |
Gross Unrealized Gains | 79 | 31 |
Gross Unrealized Losses | 35 | 52 |
Securities Available for Sale, at Fair Values | 13,185 | 11,127 |
Collateralized Mortgage Backed Securities [Member] | ||
Amortized Cost | 96,372 | 101,766 |
Gross Unrealized Gains | 22 | 20 |
Gross Unrealized Losses | 1,540 | 2,414 |
Securities Available for Sale, at Fair Values | 94,854 | 99,372 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized Cost | 78,576 | 80,559 |
Gross Unrealized Gains | 351 | 210 |
Gross Unrealized Losses | 573 | 1,133 |
Securities Available for Sale, at Fair Values | 78,354 | 79,636 |
Other Debt Obligations [Member] | ||
Amortized Cost | 821 | 820 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 158 | 179 |
Securities Available for Sale, at Fair Values | $ 663 | $ 641 |
Note 5 - Securities - Summary o
Note 5 - Securities - Summary of Securities with Gross Unrealized Losses and Fair Values (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Less Than 12 Months | $ 123,695 | $ 147,169 |
Gross Unrealized Losses, Less Than 12 Months | 1,837 | 3,183 |
Fair Value, 12 Months or Greater | 17,347 | 15,248 |
Gross Unrealized Losses, 12 Months or Greater | 487 | 645 |
Fair Value | 141,042 | 162,417 |
Gross Unrealized Losses | 2,324 | 3,828 |
US Government Agencies Debt Securities [Member] | ||
Fair Value, Less Than 12 Months | 3,022 | 4,535 |
Gross Unrealized Losses, Less Than 12 Months | 18 | 50 |
Fair Value, 12 Months or Greater | 0 | |
Gross Unrealized Losses, 12 Months or Greater | 0 | |
Fair Value | 3,022 | 4,535 |
Gross Unrealized Losses | 18 | 50 |
Corporate Debt Securities [Member] | ||
Fair Value, Less Than 12 Months | 2,035 | 2,010 |
Gross Unrealized Losses, Less Than 12 Months | 4 | 31 |
Fair Value, 12 Months or Greater | 4,502 | 4,515 |
Gross Unrealized Losses, 12 Months or Greater | 31 | 21 |
Fair Value | 6,537 | 6,525 |
Gross Unrealized Losses | 35 | 52 |
Collateralized Mortgage Backed Securities [Member] | ||
Fair Value, Less Than 12 Months | 80,064 | 86,091 |
Gross Unrealized Losses, Less Than 12 Months | 1,247 | 1,974 |
Fair Value, 12 Months or Greater | 11,434 | 9,885 |
Gross Unrealized Losses, 12 Months or Greater | 293 | 440 |
Fair Value | 91,498 | 95,976 |
Gross Unrealized Losses | 1,540 | 2,414 |
US States and Political Subdivisions Debt Securities [Member] | ||
Fair Value, Less Than 12 Months | 38,574 | 54,533 |
Gross Unrealized Losses, Less Than 12 Months | 568 | 1,128 |
Fair Value, 12 Months or Greater | 748 | 207 |
Gross Unrealized Losses, 12 Months or Greater | 5 | 5 |
Fair Value | 39,322 | 54,740 |
Gross Unrealized Losses | 573 | 1,133 |
Other Debt Obligations [Member] | ||
Fair Value, Less Than 12 Months | 0 | 0 |
Gross Unrealized Losses, Less Than 12 Months | 0 | 0 |
Fair Value, 12 Months or Greater | 663 | 641 |
Gross Unrealized Losses, 12 Months or Greater | 158 | 179 |
Fair Value | 663 | 641 |
Gross Unrealized Losses | $ 158 | $ 179 |
Note 5 - Securities - Summary26
Note 5 - Securities - Summary of Amortized Cost and Fair Values of Securities Available-for-sale by Contractual Maturity (Details) $ in Thousands | Mar. 31, 2017USD ($) |
Less Than One Year, Amortized Cost | $ 6,896 |
Less Than One Year, Fair Value | 6,916 |
One to Five Years, Amortized Cost | 49,423 |
One to Five Years, Fair Value | 49,479 |
Over Five to Ten Years, Amortized Cost | 65,038 |
Over Five to Ten Years, Fair Value | 64,457 |
Over Ten Years, Amortized Cost | 75,941 |
Over Ten Years, Fair Value | 74,618 |
Amortized Cost | 197,298 |
Fair Value | $ 195,470 |
Note 6 - Loans and the Allowa27
Note 6 - Loans and the Allowance for Loan Losses - (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Loans and Leases Receivable, Deferred Income | $ 1,000,000 | $ 761,000 | |||
Loans and Leases Receivable Reclassified from Overdraft | 154,000 | 232,000 | |||
Loans Receivable, Unpaid Principal Balance | 63,100,000 | 55,500,000 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | [1] | 1,535,000 | 1,776,000 | ||
Loans and Leases Receivable, Net of Deferred Income | 854,018,000 | 810,951,000 | |||
Impaired Financing Receivable, Interest Income, Accrual Method | 42,000 | $ 77,000 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | 0 | |||
American Gateway Financial Corporation [Member] | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 1,535,000 | 1,776,000 | $ 3,634,000 | ||
American Gateway Financial Corporation [Member] | Performing Financial Instruments [Member] | |||||
Loans and Leases Receivable, Deferred Income | 2,200,000 | 2,400,000 | |||
Loans Receivable, Fair Value Disclosure | 60,200,000 | 65,300,000 | |||
Loans and Leases Receivable, Net of Deferred Income | $ 60,900,000 | $ 65,900,000 | |||
[1] | Purchased credit impaired loans are evaluated for impairment on an individual basis. |
Note 6 - Loans and the Allowa28
Note 6 - Loans and the Allowance for Loan Losses - Summary of Loans Receivable (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Loans and Leases Receivable, Net of Deferred Income | $ 854,018 | $ 810,951 | |
Allowance for loan losses | (8,183) | (8,162) | $ (7,244) |
Net loans | 845,835 | 802,789 | |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 105,142 | 94,426 | |
Allowance for loan losses | (1,077) | (933) | (600) |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 10,695 | 9,217 | |
Allowance for loan losses | (88) | (75) | (30) |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 311,064 | 298,057 | |
Allowance for loan losses | (2,408) | (2,314) | (1,416) |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 129,726 | 129,052 | |
Allowance for loan losses | (1,426) | (1,228) | (1,021) |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 23,795 | 22,737 | |
Allowance for loan losses | (183) | (172) | (101) |
Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 227,310 | 213,120 | |
Allowance for loan losses | (2,618) | (3,039) | (3,618) |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 46,286 | 44,342 | |
Allowance for loan losses | $ (383) | $ (401) | $ (458) |
Note 6 - Loans and the Allowa29
Note 6 - Loans and the Allowance for Loan Losses - Summary of Allowance for Credit Losses and Recorded Investment in Loans Receivable (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | ||
Allowance for credit losses, Beginning Balance | $ 8,162 | $ 7,244 | $ 7,244 | |
Allowance for credit losses, Charge-offs | (378) | (1,789) | ||
Allowance for credit losses, Recoveries | 44 | 1,487 | ||
Allowance for credit losses, Provision | 355 | 670 | 1,220 | |
Allowance for credit losses, Ending Balance | 8,183 | 8,162 | ||
Allowance for credit losses, Individually evaluated for impairment | 881 | 887 | ||
Allowance for credit losses, Collectively evaluated for impairment | 7,268 | 7,242 | ||
Allowance for credit losses, Purchased Credit Impaired | [1] | 34 | 33 | |
Loans receivable, Ending Balance | 854,018 | 810,951 | ||
Loans receivable, Individually evaluated for impairment | 12,595 | 12,009 | ||
Loans receivable, Collectively evaluated for impairment | 839,888 | 797,166 | ||
Loans receivable, Purchased Credit Impaired | [1] | 1,535 | 1,776 | |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | ||||
Allowance for credit losses, Beginning Balance | 933 | 600 | 600 | |
Allowance for credit losses, Charge-offs | (2) | (484) | ||
Allowance for credit losses, Recoveries | 0 | 10 | ||
Allowance for credit losses, Provision | 146 | 807 | ||
Allowance for credit losses, Ending Balance | 1,077 | 933 | ||
Allowance for credit losses, Individually evaluated for impairment | 22 | 0 | ||
Allowance for credit losses, Collectively evaluated for impairment | 1,055 | 933 | ||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | |
Loans receivable, Ending Balance | 105,142 | 94,426 | ||
Loans receivable, Individually evaluated for impairment | 137 | 143 | ||
Loans receivable, Collectively evaluated for impairment | 104,842 | 94,117 | ||
Loans receivable, Purchased Credit Impaired | [1] | 163 | 166 | |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | ||||
Allowance for credit losses, Beginning Balance | 75 | 30 | 30 | |
Allowance for credit losses, Charge-offs | 0 | 0 | ||
Allowance for credit losses, Recoveries | 0 | 0 | ||
Allowance for credit losses, Provision | 13 | 45 | ||
Allowance for credit losses, Ending Balance | 88 | 75 | ||
Allowance for credit losses, Individually evaluated for impairment | 0 | 0 | ||
Allowance for credit losses, Collectively evaluated for impairment | 88 | 75 | ||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | |
Loans receivable, Ending Balance | 10,695 | 9,217 | ||
Loans receivable, Individually evaluated for impairment | 0 | 0 | ||
Loans receivable, Collectively evaluated for impairment | 10,695 | 9,217 | ||
Loans receivable, Purchased Credit Impaired | [1] | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||||
Allowance for credit losses, Beginning Balance | 2,314 | 1,416 | 1,416 | |
Allowance for credit losses, Charge-offs | (318) | (473) | ||
Allowance for credit losses, Recoveries | 1 | 1,258 | ||
Allowance for credit losses, Provision | 411 | 113 | ||
Allowance for credit losses, Ending Balance | 2,408 | 2,314 | ||
Allowance for credit losses, Individually evaluated for impairment | 88 | 98 | ||
Allowance for credit losses, Collectively evaluated for impairment | 2,320 | 2,216 | ||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | |
Loans receivable, Ending Balance | 311,064 | 298,057 | ||
Loans receivable, Individually evaluated for impairment | 3,201 | 1,073 | ||
Loans receivable, Collectively evaluated for impairment | 306,706 | 295,590 | ||
Loans receivable, Purchased Credit Impaired | [1] | 1,157 | 1,394 | |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | ||||
Allowance for credit losses, Beginning Balance | 1,228 | 1,021 | 1,021 | |
Allowance for credit losses, Charge-offs | (20) | (162) | ||
Allowance for credit losses, Recoveries | 11 | 140 | ||
Allowance for credit losses, Provision | 207 | 229 | ||
Allowance for credit losses, Ending Balance | 1,426 | 1,228 | ||
Allowance for credit losses, Individually evaluated for impairment | 424 | 252 | ||
Allowance for credit losses, Collectively evaluated for impairment | 968 | 943 | ||
Allowance for credit losses, Purchased Credit Impaired | [1] | 34 | 33 | |
Loans receivable, Ending Balance | 129,726 | 129,052 | ||
Loans receivable, Individually evaluated for impairment | 3,043 | 3,263 | ||
Loans receivable, Collectively evaluated for impairment | 126,468 | 125,573 | ||
Loans receivable, Purchased Credit Impaired | [1] | 215 | 216 | |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | ||||
Allowance for credit losses, Beginning Balance | 172 | 101 | 101 | |
Allowance for credit losses, Charge-offs | 0 | 0 | ||
Allowance for credit losses, Recoveries | 0 | 0 | ||
Allowance for credit losses, Provision | 11 | 71 | ||
Allowance for credit losses, Ending Balance | 183 | 172 | ||
Allowance for credit losses, Individually evaluated for impairment | 0 | 0 | ||
Allowance for credit losses, Collectively evaluated for impairment | 183 | 172 | ||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | |
Loans receivable, Ending Balance | 23,795 | 22,737 | ||
Loans receivable, Individually evaluated for impairment | 0 | 0 | ||
Loans receivable, Collectively evaluated for impairment | 23,795 | 22,737 | ||
Loans receivable, Purchased Credit Impaired | [1] | 0 | 0 | |
Commercial Portfolio Segment [Member] | ||||
Allowance for credit losses, Beginning Balance | 3,039 | 3,618 | 3,618 | |
Allowance for credit losses, Charge-offs | (8) | (667) | ||
Allowance for credit losses, Recoveries | 27 | 33 | ||
Allowance for credit losses, Provision | (440) | 55 | ||
Allowance for credit losses, Ending Balance | 2,618 | 3,039 | ||
Allowance for credit losses, Individually evaluated for impairment | 347 | 501 | ||
Allowance for credit losses, Collectively evaluated for impairment | 2,271 | 2,538 | ||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | |
Loans receivable, Ending Balance | 227,310 | 213,120 | ||
Loans receivable, Individually evaluated for impairment | 6,054 | 7,332 | ||
Loans receivable, Collectively evaluated for impairment | 221,256 | 205,788 | ||
Loans receivable, Purchased Credit Impaired | [1] | 0 | 0 | |
Consumer Portfolio Segment [Member] | ||||
Allowance for credit losses, Beginning Balance | 401 | $ 458 | 458 | |
Allowance for credit losses, Charge-offs | (30) | (3) | ||
Allowance for credit losses, Recoveries | 5 | 46 | ||
Allowance for credit losses, Provision | 7 | (100) | ||
Allowance for credit losses, Ending Balance | 383 | 401 | ||
Allowance for credit losses, Individually evaluated for impairment | 0 | 36 | ||
Allowance for credit losses, Collectively evaluated for impairment | 383 | 365 | ||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | |
Loans receivable, Ending Balance | 46,286 | 44,342 | ||
Loans receivable, Individually evaluated for impairment | 160 | 198 | ||
Loans receivable, Collectively evaluated for impairment | 46,126 | 44,144 | ||
Loans receivable, Purchased Credit Impaired | [1] | $ 0 | $ 0 | |
[1] | Purchased credit impaired loans are evaluated for impairment on an individual basis. |
Note 6 - Loans and the Allowa30
Note 6 - Loans and the Allowance for Loan Losses - Summary of Credit Quality Indicators, Disaggregated by Class of Loan (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Credit quality indicators | $ 854,018 | $ 810,951 |
Pass [Member] | ||
Credit quality indicators | 800,661 | 753,753 |
Special Mention [Member] | ||
Credit quality indicators | 32,919 | 37,533 |
Substandard [Member] | ||
Credit quality indicators | 7,945 | 12,539 |
Doubtful [Member] | ||
Credit quality indicators | 12,493 | 7,126 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | ||
Credit quality indicators | 105,142 | 94,426 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Pass [Member] | ||
Credit quality indicators | 102,950 | 92,951 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Special Mention [Member] | ||
Credit quality indicators | 795 | 932 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Substandard [Member] | ||
Credit quality indicators | 1,159 | 300 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Doubtful [Member] | ||
Credit quality indicators | 238 | 243 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Credit quality indicators | 10,695 | 9,217 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | Pass [Member] | ||
Credit quality indicators | 10,695 | 9,217 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member] | ||
Credit quality indicators | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | Substandard [Member] | ||
Credit quality indicators | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | Doubtful [Member] | ||
Credit quality indicators | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Credit quality indicators | 311,064 | 298,057 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Pass [Member] | ||
Credit quality indicators | 295,144 | 280,398 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Special Mention [Member] | ||
Credit quality indicators | 10,599 | 14,531 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Substandard [Member] | ||
Credit quality indicators | 1,703 | 1,927 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Doubtful [Member] | ||
Credit quality indicators | 3,618 | 1,201 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | ||
Credit quality indicators | 129,726 | 129,052 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Pass [Member] | ||
Credit quality indicators | 120,338 | 118,891 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Special Mention [Member] | ||
Credit quality indicators | 5,136 | 4,782 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Substandard [Member] | ||
Credit quality indicators | 1,741 | 2,658 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Doubtful [Member] | ||
Credit quality indicators | 2,511 | 2,721 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Credit quality indicators | 23,795 | 22,737 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | Pass [Member] | ||
Credit quality indicators | 23,752 | 22,685 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | Special Mention [Member] | ||
Credit quality indicators | 0 | 0 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | Substandard [Member] | ||
Credit quality indicators | 43 | 52 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | Doubtful [Member] | ||
Credit quality indicators | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Credit quality indicators | 227,310 | 213,120 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Credit quality indicators | 202,238 | 186,197 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Credit quality indicators | 16,056 | 16,783 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Credit quality indicators | 3,050 | 7,377 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Credit quality indicators | 5,966 | 2,763 |
Consumer Portfolio Segment [Member] | ||
Credit quality indicators | 46,286 | 44,342 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Credit quality indicators | 45,544 | 43,414 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Credit quality indicators | 333 | 505 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Credit quality indicators | 249 | 225 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Credit quality indicators | $ 160 | $ 198 |
Note 6 - Loans and the Allowa31
Note 6 - Loans and the Allowance for Loan Losses - Summary of Aged Analysis of Past Due Loans Receivable (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Past Due | $ 11,749 | $ 6,071 |
Current | 842,269 | 804,880 |
Credit quality indicators | 854,018 | 810,951 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 53 | 168 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 4,572 | 2,935 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 1,042 | 1,124 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 6,135 | 2,012 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | ||
Past Due | 1,056 | 571 |
Current | 104,086 | 93,855 |
Credit quality indicators | 105,142 | 94,426 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 372 | 465 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 490 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 194 | 106 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Past Due | 0 | 0 |
Current | 10,695 | 9,217 |
Credit quality indicators | 10,695 | 9,217 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Past Due | 3,968 | 2,075 |
Current | 307,096 | 295,982 |
Credit quality indicators | 311,064 | 298,057 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 1,156 | 1,370 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 76 | 173 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 2,736 | 532 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | ||
Past Due | 1,739 | 2,531 |
Current | 127,987 | 126,521 |
Credit quality indicators | 129,726 | 129,052 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 117 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 560 | 989 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 476 | 579 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 703 | 963 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Past Due | 0 | 0 |
Current | 23,795 | 22,737 |
Credit quality indicators | 23,795 | 22,737 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 0 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 0 | 0 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 0 | 0 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Past Due | 4,828 | 679 |
Current | 222,482 | 212,441 |
Credit quality indicators | 227,310 | 213,120 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 53 | 51 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 2,475 | 45 |
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 0 | 372 |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 2,353 | 262 |
Consumer Portfolio Segment [Member] | ||
Past Due | 158 | 215 |
Current | 46,128 | 44,127 |
Credit quality indicators | 46,286 | 44,342 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 9 | 66 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 0 | 0 |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | $ 149 | $ 149 |
Note 6 - Loans and the Allowa32
Note 6 - Loans and the Allowance for Loan Losses - Summary of Information Pertaining to Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Recorded Investment, with an allowance recorded | $ 1,930 | $ 1,539 |
Unpaid Principal Balance, with an allowance recorded | 2,023 | 1,583 |
Related Allowance | 881 | 887 |
Average Recorded Investment, with an allowance recorded | 1,512 | 2,322 |
Recorded Investment, with no allowance recorded | 10,665 | 10,470 |
Unpaid Principal Balance, with no allowance recorded | 12,337 | 12,145 |
Average Recorded Investment, with no allowance recorded | 10,668 | 10,873 |
Recorded Investment | 12,595 | 12,009 |
Unpaid Principal Balance | 14,360 | 13,728 |
Average Recorded Investment | 12,180 | 13,195 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | ||
Recorded Investment, with an allowance recorded | 89 | 0 |
Unpaid Principal Balance, with an allowance recorded | 89 | 0 |
Related Allowance | 22 | 0 |
Average Recorded Investment, with an allowance recorded | 30 | 655 |
Recorded Investment, with no allowance recorded | 48 | 143 |
Unpaid Principal Balance, with no allowance recorded | 58 | 152 |
Average Recorded Investment, with no allowance recorded | 109 | 124 |
Recorded Investment | 137 | 143 |
Unpaid Principal Balance | 147 | 152 |
Average Recorded Investment | 139 | 779 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Recorded Investment, with an allowance recorded | 0 | 0 |
Unpaid Principal Balance, with an allowance recorded | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with an allowance recorded | 0 | 0 |
Recorded Investment, with no allowance recorded | 0 | 0 |
Unpaid Principal Balance, with no allowance recorded | 0 | 0 |
Average Recorded Investment, with no allowance recorded | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Recorded Investment, with an allowance recorded | 376 | 368 |
Unpaid Principal Balance, with an allowance recorded | 384 | 368 |
Related Allowance | 88 | 98 |
Average Recorded Investment, with an allowance recorded | 366 | 31 |
Recorded Investment, with no allowance recorded | 2,825 | 705 |
Unpaid Principal Balance, with no allowance recorded | 2,849 | 729 |
Average Recorded Investment, with no allowance recorded | 1,410 | 3,730 |
Recorded Investment | 3,201 | 1,073 |
Unpaid Principal Balance | 3,233 | 1,097 |
Average Recorded Investment | 1,776 | 3,761 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | ||
Recorded Investment, with an allowance recorded | 1,003 | 440 |
Unpaid Principal Balance, with an allowance recorded | 1,073 | 470 |
Related Allowance | 424 | 252 |
Average Recorded Investment, with an allowance recorded | 624 | 372 |
Recorded Investment, with no allowance recorded | 2,040 | 2,823 |
Unpaid Principal Balance, with no allowance recorded | 2,441 | 3,276 |
Average Recorded Investment, with no allowance recorded | 2,661 | 3,296 |
Recorded Investment | 3,043 | 3,263 |
Unpaid Principal Balance | 3,514 | 3,746 |
Average Recorded Investment | 3,285 | 3,668 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Recorded Investment, with an allowance recorded | 0 | 0 |
Unpaid Principal Balance, with an allowance recorded | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with an allowance recorded | 0 | 0 |
Recorded Investment, with no allowance recorded | 0 | 0 |
Unpaid Principal Balance, with no allowance recorded | 0 | 0 |
Average Recorded Investment, with no allowance recorded | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Recorded Investment, with an allowance recorded | 462 | 695 |
Unpaid Principal Balance, with an allowance recorded | 477 | 709 |
Related Allowance | 347 | 501 |
Average Recorded Investment, with an allowance recorded | 472 | 1,252 |
Recorded Investment, with no allowance recorded | 5,592 | 6,637 |
Unpaid Principal Balance, with no allowance recorded | 6,798 | 7,826 |
Average Recorded Investment, with no allowance recorded | 6,327 | 3,680 |
Recorded Investment | 6,054 | 7,332 |
Unpaid Principal Balance | 7,275 | 8,535 |
Average Recorded Investment | 6,799 | 4,932 |
Consumer Portfolio Segment [Member] | ||
Recorded Investment, with an allowance recorded | 0 | 36 |
Unpaid Principal Balance, with an allowance recorded | 0 | 36 |
Related Allowance | 0 | 36 |
Average Recorded Investment, with an allowance recorded | 20 | 12 |
Recorded Investment, with no allowance recorded | 160 | 162 |
Unpaid Principal Balance, with no allowance recorded | 191 | 162 |
Average Recorded Investment, with no allowance recorded | 161 | 43 |
Recorded Investment | 160 | 198 |
Unpaid Principal Balance | 191 | 198 |
Average Recorded Investment | $ 181 | $ 55 |
Note 6 - Loans and the Allowa33
Note 6 - Loans and the Allowance for Loan Losses - Summary of Changes in Carrying Amount of Purchased Impaired Credits (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Dec. 31, 2016 | ||
Carrying amount, beginning balance | [1] | $ 1,776 | |
Carrying amount, ending balance | [1] | 1,535 | $ 1,776 |
American Gateway Financial Corporation [Member] | |||
Carrying amount, beginning balance | 1,776 | 3,634 | |
Payments received, net of discounts realized | (84) | (1,181) | |
Charge-offs | (302) | (352) | |
Transfer to other real estate | (325) | ||
Carrying amount, ending balance | 1,535 | $ 1,776 | |
Purchased impaired credit participation interest sales proceeds, net of discount realized | $ 145 | ||
[1] | Purchased credit impaired loans are evaluated for impairment on an individual basis. |
Note 6 - Loans and the Allowa34
Note 6 - Loans and the Allowance for Loan Losses - Summary of Informative Data Regarding Loan Modifications (Details) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Number of Contracts | 7 | 9 |
Pre-Modification Outstanding Recorded Investment | $ 6,715 | $ 7,750 |
Post-Modification Outstanding Recorded Investment | $ 5,002 | $ 5,931 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | ||
Number of Contracts | 3 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 870 | $ 870 |
Post-Modification Outstanding Recorded Investment | $ 600 | $ 608 |
Commercial Portfolio Segment [Member] | ||
Number of Contracts | 4 | 6 |
Pre-Modification Outstanding Recorded Investment | $ 5,845 | $ 6,880 |
Post-Modification Outstanding Recorded Investment | $ 4,402 | $ 5,323 |
Note 7 - Fair Value of Financ35
Note 7 - Fair Value of Financial Instruments - (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Liabilities, Fair Value Disclosure, Nonrecurring | $ 0 | $ 0 |
Liabilities, Fair Value Disclosure, Recurring | $ 0 | $ 0 |
Note 7 - Fair Value of Financ36
Note 7 - Fair Value of Financial Instruments - Summary of Financial Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Securities Available for Sale, at Fair Values | $ 195,470 | $ 198,342 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities Available for Sale, at Fair Values | ||
Fair Value, Inputs, Level 2 [Member] | ||
Securities Available for Sale, at Fair Values | 195,470 | 198,342 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities Available for Sale, at Fair Values | ||
US Government Agencies Debt Securities [Member] | ||
Securities Available for Sale, at Fair Values | 8,414 | 7,566 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities Available for Sale, at Fair Values | ||
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities Available for Sale, at Fair Values | 8,414 | 7,566 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities Available for Sale, at Fair Values | ||
Corporate Debt Securities [Member] | ||
Securities Available for Sale, at Fair Values | 13,185 | 11,127 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities Available for Sale, at Fair Values | ||
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities Available for Sale, at Fair Values | 13,185 | 11,127 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities Available for Sale, at Fair Values | ||
Collateralized Mortgage Backed Securities [Member] | ||
Securities Available for Sale, at Fair Values | 94,854 | 99,372 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities Available for Sale, at Fair Values | ||
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities Available for Sale, at Fair Values | 94,854 | 99,372 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities Available for Sale, at Fair Values | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Securities Available for Sale, at Fair Values | 78,354 | 79,636 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities Available for Sale, at Fair Values | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities Available for Sale, at Fair Values | 78,354 | 79,636 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities Available for Sale, at Fair Values | ||
Other Debt Obligations [Member] | ||
Securities Available for Sale, at Fair Values | 663 | 641 |
Other Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities Available for Sale, at Fair Values | ||
Other Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities Available for Sale, at Fair Values | 663 | 641 |
Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities Available for Sale, at Fair Values |
Note 7 - Fair Value of Financ37
Note 7 - Fair Value of Financial Instruments - Summary of Financial Assets Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Assets, Fair Value Disclosure, Nonrecurring Basis | $ 14,626 | $ 14,061 |
Fair Value, Inputs, Level 1 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | ||
Fair Value, Inputs, Level 2 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | 14,626 | 14,061 |
Fair Value, Inputs, Level 3 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | ||
Impaired Loans [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | 13,215 | 12,865 |
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | ||
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | 13,215 | 12,865 |
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | ||
Repossessed Assets [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | 1,411 | 1,196 |
Repossessed Assets [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | ||
Repossessed Assets [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | 1,411 | 1,196 |
Repossessed Assets [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis |
Note 7 - Fair Value of Financ38
Note 7 - Fair Value of Financial Instruments - Estimated Fair Values of Banks' Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Securities | $ 195,470 | $ 198,342 |
Other Equity Securities | 6,070 | 6,120 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities | ||
Fair Value, Inputs, Level 2 [Member] | ||
Securities | 195,470 | 198,342 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities | ||
Reported Value Measurement [Member] | ||
Cash and Short-Term Investments | 58,645 | 44,729 |
Securities | 195,470 | 198,342 |
Loans - Net | 845,835 | 802,789 |
Cash Value of BOLI | 22,717 | 22,567 |
Other Equity Securities | 6,070 | 6,120 |
Total | 1,128,737 | 1,074,727 |
Deposits | 963,262 | 932,795 |
Borrowings | 73,475 | 53,646 |
Total | 1,036,737 | 986,441 |
Mortgage Loans Held for Sale | 180 | |
Estimate of Fair Value Measurement [Member] | ||
Cash and Short-Term Investments | 58,645 | 44,729 |
Securities | 195,470 | 198,342 |
Loans - Net | 839,566 | 796,400 |
Cash Value of BOLI | 22,717 | 22,567 |
Other Equity Securities | 6,070 | 6,120 |
Total | 1,122,468 | 1,068,338 |
Deposits | 962,344 | 912,702 |
Borrowings | 73,311 | 53,706 |
Total | 1,035,655 | 966,408 |
Mortgage Loans Held for Sale | 180 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and Short-Term Investments | 58,645 | 44,729 |
Securities | ||
Loans - Net | ||
Cash Value of BOLI | ||
Other Equity Securities | ||
Total | 58,645 | 44,729 |
Deposits | ||
Borrowings | ||
Total | ||
Mortgage Loans Held for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and Short-Term Investments | ||
Securities | 195,470 | 198,342 |
Loans - Net | ||
Cash Value of BOLI | 22,717 | 22,567 |
Other Equity Securities | ||
Total | 218,187 | 221,089 |
Deposits | ||
Borrowings | 73,311 | 53,706 |
Total | 73,311 | 53,706 |
Mortgage Loans Held for Sale | 180 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and Short-Term Investments | ||
Securities | ||
Loans - Net | 839,566 | 796,400 |
Cash Value of BOLI | ||
Other Equity Securities | 6,070 | 6,120 |
Total | 845,636 | 802,520 |
Deposits | 962,344 | 912,702 |
Borrowings | ||
Total | $ 962,344 | 912,702 |
Mortgage Loans Held for Sale |