Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Aug. 04, 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 | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and Due from Banks | $ 45,204 | $ 42,173 |
Federal Funds Sold | 7,090 | 2,556 |
Securities Available for Sale, at Fair Values | 192,058 | 198,342 |
Mortgage Loans Held for Sale | 167 | 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 | 865,329 | 802,789 |
Premises and Equipment, Net | 9,132 | 9,281 |
Accrued Interest Receivable | 3,574 | 3,384 |
Other Equity Securities | 7,065 | 6,120 |
Other Real Estate Owned | 1,227 | 1,187 |
Cash Value of Life Insurance | 22,876 | 22,567 |
Goodwill | 6,824 | 6,824 |
Core Deposit Intangible | 2,141 | 2,279 |
Other Assets | 6,399 | 8,159 |
Total Assets | 1,169,086 | 1,105,841 |
LIABILITIES | ||
Noninterest Bearing | 243,745 | 223,705 |
Interest Bearing | 728,271 | 709,090 |
Total Deposits | 972,016 | 932,795 |
Securities Sold Under Agreements to Repurchase | 2,533 | 2,720 |
Short Term Borrowings | 862 | 862 |
Long Term Borrowings | 3,000 | 3,000 |
Federal Home Loan Bank Borrowings | 66,007 | 47,064 |
Accrued Interest Payable | 821 | 920 |
Other Liabilities | 5,034 | 4,921 |
Total Liabilities | 1,050,273 | 992,282 |
SHAREHOLDERS' EQUITY | ||
Common Stock, $1.00 Par Value; 10,000,000 Shares Authorized; 6,932,570 and 6,916,673 Shares Issued and Outstanding at June 30, 2017 and December 31, 2016, respectively | 6,933 | 6,917 |
Additional Paid-in Capital | 85,066 | 85,133 |
Retained Earnings | 27,115 | 23,839 |
Accumulated Other Comprehensive Loss | (301) | (2,330) |
Total Shareholders' Equity | 118,813 | 113,559 |
Total Liabilities and Shareholders' Equity | $ 1,169,086 | $ 1,105,841 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Allowance for loan losses | $ 9,177 | $ 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 | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Interest Income: | ||||
Interest and Fees on Loans | $ 12,398 | $ 9,570 | $ 23,539 | $ 19,267 |
Interest and Dividends on Securities | 972 | 929 | 1,919 | 1,903 |
Interest on Federal Funds Sold and Due From Banks | 30 | 77 | 47 | 118 |
Total Interest Income | 13,400 | 10,576 | 25,505 | 21,288 |
Interest Expense: | ||||
Interest on Deposits | 1,501 | 1,317 | 2,849 | 2,424 |
Interest on Borrowings | 209 | 158 | 406 | 332 |
Total Interest Expense | 1,710 | 1,475 | 3,255 | 2,756 |
Net Interest Income | 11,690 | 9,101 | 22,250 | 18,532 |
Provision for Loan Losses | 1,305 | 150 | 1,660 | 820 |
Net Interest Income after Provision for Loan Losses | 10,385 | 8,951 | 20,590 | 17,712 |
Other Income: | ||||
Service Charges on Deposit Accounts | 525 | 489 | 1,037 | 983 |
Gain on Sales of Securities | 56 | 231 | ||
Other Income | 1,075 | 725 | 1,867 | 1,497 |
Total Other Income | 1,600 | 1,270 | 2,904 | 2,711 |
Other Expenses: | ||||
Salaries and Employee Benefits | 5,397 | 5,027 | 10,381 | 9,723 |
Occupancy and Equipment Expense | 1,191 | 1,021 | 2,359 | 2,124 |
Other Expenses | 2,526 | 3,102 | 5,140 | 5,704 |
Total Other Expenses | 9,114 | 9,150 | 17,880 | 17,551 |
Income Before Income Taxes | 2,871 | 1,071 | 5,614 | 2,872 |
Provision for Income Taxes | 819 | 230 | 1,586 | 627 |
Net Income | $ 2,052 | $ 841 | $ 4,028 | $ 2,245 |
Earnings Per Share: | ||||
Basic (in dollars per share) | $ 0.30 | $ 0.12 | $ 0.58 | $ 0.32 |
Diluted (in dollars per share) | $ 0.28 | $ 0.11 | $ 0.56 | $ 0.31 |
Unaudited Consolidated Stateme5
Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Consolidated Net Income | $ 2,052 | $ 841 | $ 4,028 | $ 2,245 |
Other Comprehensive Income: | ||||
Unrealized Gain on Investment Securities | 1,372 | 831 | 3,075 | 2,201 |
Reclassification Adjustment for Gains included in Net Income | 56 | 231 | ||
Income Tax Effect | (467) | (302) | (1,046) | (827) |
Other Comprehensive Income | 905 | 585 | 2,029 | 1,605 |
Consolidated Comprehensive Income | $ 2,957 | $ 1,426 | $ 6,057 | $ 3,850 |
Unaudited Consolidated Stateme6
Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Other Comprehensive Income | $ 1,605 | $ 1,605 | |||
Cash Dividends Declared | $ (352) | (352) | |||
Stock Based Compensation Cost | $ 156 | 156 | |||
Exercise of Stock Warrants | $ 1 | 14 | 15 | ||
Balances at at Jun. 30, 2016 | 7,037 | 86,083 | 22,182 | 816 | 116,118 |
Balances at at Dec. 31, 2015 | 7,036 | 85,913 | 20,289 | (789) | 112,449 |
Net Income | 2,245 | 2,245 | |||
Other Comprehensive Income | 2,029 | 2,029 | |||
Cash Dividends Declared | (761) | (761) | |||
Stock Based Compensation Cost | 18 | (27) | (9) | ||
Stock Repurchase | (2) | (40) | 9 | (33) | |
Balances at at Jun. 30, 2017 | 6,933 | 85,066 | 27,115 | (301) | 118,813 |
Balances at at Dec. 31, 2016 | $ 6,917 | $ 85,133 | 23,839 | $ (2,330) | 113,559 |
Net Income | $ 4,028 | $ 4,028 |
Unaudited Consolidated Stateme7
Unaudited Consolidated Statements of Changes in Shareholders' Equity (Parentheticals) - $ / shares | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Retained Earnings [Member] | ||
Cash dividends declared (in dollars per share) | $ 0.11 | $ 0.05 |
Unaudited Consolidated Stateme8
Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash Flows From Operating Activities: | ||
Consolidated Net Income | $ 4,028 | $ 2,245 |
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities: | ||
Provision for Loan Losses | 1,660 | 820 |
Depreciation and Amortization | 630 | 636 |
Amortization of Purchase Accounting Valuations | (3,378) | (936) |
Noncash Compensation Expense | (9) | 156 |
Net Amortization of Securities | 917 | 928 |
Gain on Sales of Securities | (231) | |
Noncash (Income) Loss on Other Equity Securities | (208) | 33 |
Gain on Sale of Premises and Equipment | (24) | |
Gain on Sale of Other Real Estate Owned, Net of Writedowns | (4) | (3) |
Increase in Cash Value of Life Insurance | (309) | (490) |
Provision for Deferred Income Taxes | 833 | 62 |
Changes in Assets and Liabilities: | ||
Increase in Accrued Interest Receivable | (190) | (122) |
(Increase) Decrease in Other Assets | (128) | 476 |
Increase (Decrease) in Accrued Interest Payable | (99) | 160 |
Increase in Other Liabilities | 113 | 731 |
Net Cash Provided by Operating Activities | 3,856 | 4,441 |
Cash Flows From Investing Activities: | ||
Purchases of Securities Available for Sale | (4,596) | (35,881) |
Proceeds from Maturities / Sales of Securities Available for Sale | 2,859 | 29,836 |
Proceeds from Paydowns of Securities Available for Sale | 10,179 | 11,109 |
Purchases of Other Equity Securities | (873) | (866) |
Redemption of Other Equity Securities | 136 | 2 |
Life Insurance Proceeds | 560 | |
Net Increase in Loans | (61,252) | (25,799) |
Proceeds from Sale of Premises and Equipment | 68 | |
Purchases of Premises and Equipment | (306) | (665) |
Proceeds from Sales of Other Real Estate | 13 | 584 |
Improvements to Other Real Estate | (102) | |
Consideration Settlement to Former AGFC Shareholders | (3,448) | |
Net Increase in Federal Funds Sold | (4,534) | (25,792) |
Net Cash Used in Investing Activities | (58,374) | (50,394) |
Cash Flows From Financing Activities: | ||
Net Increase in Deposits | 39,221 | 94,422 |
Net Increase (Decrease) in Securities Sold Under Agreements to Repurchase | (187) | 106 |
Net Advances (Repayments) on Federal Home Loan Bank Borrowings | 19,309 | (669) |
Repurchase of Common Stock | (33) | |
Proceeds from Exercise of Stock Warrants | 15 | |
Payment of Dividends on Common Stock | (761) | (352) |
Net Cash Provided by Financing Activities | 57,549 | 93,522 |
Net Increase in Cash and Cash Equivalents | 3,031 | 47,569 |
Cash and Cash Equivalents at Beginning of Period | 42,173 | 40,911 |
Cash and Cash Equivalents at End of Period | 45,204 | 88,480 |
Supplemental Disclosures for Cash Flow Information: | ||
Interest on Deposits | 2,951 | 2,238 |
Interest on Borrowings | 403 | 358 |
Income Tax Payments | 900 | |
Supplemental Schedule for Noncash Investing and Financing Activities: | ||
Change in the Unrealized Gain on Securities Available for Sale | 3,075 | 2,432 |
Change in Deferred Tax Effect on the Unrealized Gain on Securities Available for Sale | (1,046) | (827) |
Transfer of Loans to Other Real Estate | 215 | 365 |
Transfer of Other Real Estate to Premises and Equipment | $ 175 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation - | 6 Months Ended |
Jun. 30, 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 out of nineteen sixteen two one 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 These interim consoli dated 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 statement s 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 not may not may not |
Note 2 - Reclassifications -
Note 2 - Reclassifications - | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Reclassifications [Text Block] | Note 2 – Reclassifications – Certain reclassifications may 2017. no |
Note 3 - Mergers and Acquisitio
Note 3 - Mergers and Acquisitions - | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | N ote 3 – Mergers and Acquisitions – After the close of business on March 31, 2015, “AGFC”), parent bank holding company for American Gateway Bank, pursuant to which the operations of AGFC merged with the Company. Prior to the merger, AGFC was a full service bank with ten $10.00 11.88 $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 - | 6 Months Ended |
Jun. 30, 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 may For The Three Months For The Six Months Ended June 30, Ended June 30, 2017 2016 2017 2016 (Dollars in thousands, except per share data) Numerator: Net Income Available to Common Shares $ 2,052 $ 841 $ 4,028 $ 2,245 Denominator: Weighted Average Common Shares Outstanding 6,932,570 7,037,413 6,923,692 7,037,207 Dilutive Effect of Stock Options and Warrants 271,902 311,308 271,902 311,308 Weighted Average Dilutive Common Shares 7,204,472 7,348,721 7,195,594 7,348,515 Basic Earnings Per Common Share From Net Income Available to Common Shares $ 0.30 $ 0.12 $ 0.58 $ 0.32 Diluted Earnings Per Common Share From Net Income Available to Common Shares $ 0.28 $ 0.11 $ 0.56 $ 0.31 |
Note 5 - Securities -
Note 5 - Securities - | 6 Months Ended |
Jun. 30, 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 June 30, 2017 December 31, 2016 June 30, 2017 (Dollars in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government Agencies $ 8,380 $ 57 $ 29 $ 8,408 Corporate Securities 13,134 71 15 13,190 Mortgage-Backed Securities 91,274 9 1,005 90,278 Municipal Securities 78,906 771 168 79,509 Other Securities 820 - 147 673 Total Securities Available for Sale $ 192,514 $ 908 $ 1,364 $ 192,058 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 June 30, 2017 December 31, 2016, June 30, 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 $ 3,005 $ 29 $ - $ - $ 3,005 $ 29 Corporate Securities 2,023 14 2,498 1 4,521 15 Mortgage-Backed Securities 72,199 789 10,899 216 83,098 1,005 Municipal Securities 20,544 155 1,385 13 21,929 168 Other Securities - - 673 147 673 147 Total Securities Available for Sale $ 97,771 $ 987 $ 15,455 $ 377 $ 113,226 $ 1,364 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 The amortized cost and fair values of securities available for sale as of June 30, 2017 may may Amortized Fair Cost Value (Dollars in thousands) Less Than One Year $ 8,417 $ 8,429 One to Five Years 47,225 47,515 Over Five to Ten Years 63,958 63,888 Over Ten Years 72,914 72,226 Total Securities Available for Sale $ 192,514 $ 192,058 |
Note 6 - Loans and the Allowanc
Note 6 - Loans and the Allowance for Loan Losses - | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | Note 6 – Loans and the Allowance for Loan Losses – Loans receivable at June 30, 2017 December 31, 2016 June 30, December 31, 2017 2016 (Dollars in thousands) Real estate loans: Construction and land $ 112,199 $ 94,426 Farmland 10,524 9,217 1-4 family residential 139,398 129,052 Multi-family residential 23,039 22,737 Nonfarm nonresidential 304,278 298,057 Commercial 238,924 213,120 Consumer 46,144 44,342 Total loans held for investment 874,506 810,951 Less: Allowance for loan losses (9,177 ) (8,162 ) Net loans $ 865,329 $ 802,789 The performing 1 4 June 30, 2017 December 31, 2016. Net deferred loan origination fees were $1.2 $761,000 June 30, 2017 December 31, 2016, June 30, 2017 December 31, 2016, $155,000 $232,000, The Bank is the lead lender on participations sold, without recourse, to other financial institutions which are not consolidated balance sheets. The unpaid principal balances of mortgages and other loans serviced for others were approximately $64.3 $55.5 June 30, 2017 December 31, 2016, The Bank grants loans and extensions of credit to individual s and a variety of businesses and corporations in markets across Louisiana and Texas. 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 l ives of the loans and, therefore, no not Acquired loans are those associat ed with our acquisition of AGFC. These loans were recorded at estimated fair value at the acquisition date with no Total loans held for investment at June 30, 2017 $54.3 June 30, 2017 310 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality 310 30” $749,000 not 310 30 $55.6 $2.0 Total loans held for investment at December 31, 2016 $65.3 December 31, 201 6 $1.8 $65.9 $2.4 The following table s set forth, as of June 30, 2017 December 31, 2016, not not Allowance for Credit Losses and Recorded Investment in Loans Receivable June 30, 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 ) - (617 ) (53 ) (30 ) (722 ) Recoveries 1 - 14 - 1 30 31 77 Provision 255 13 320 13 745 326 (12 ) 1,660 Ending Balance $ 1,187 $ 88 $ 1,542 $ 185 $ 2,443 $ 3,342 $ 390 $ 9,177 Ending Balance: Individually evaluated for impairment $ 22 $ - $ 416 $ - $ 112 $ 482 $ - $ 1,032 Collectively evaluated for impairment $ 1,165 $ 88 $ 1,092 $ 185 $ 2,331 $ 2,860 $ 390 $ 8,111 Purchased Credit Impaired (1) $ - $ - $ 34 $ - $ - $ - $ - $ 34 Loans receivable: Ending Balance $ 112,199 $ 10,524 $ 139,398 $ 23,039 $ 304,278 $ 238,924 $ 46,144 $ 874,506 Ending Balance: Individually evaluated for impairment $ 133 $ - $ 2,916 $ - $ 3,049 $ 4,927 $ 235 $ 11,260 Collectively evaluated for impairment $ 112,053 $ 10,524 $ 136,270 $ 23,039 $ 300,705 $ 233,997 $ 45,909 $ 862,497 Purchased Credit Impaired (1) $ 13 $ - $ 212 $ - $ 524 $ - $ - $ 749 ( 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. A s of June 30, 2017 December 31, 2016, Credit Qu ality Indicators June 30, 2017 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Real Estate Loans: Construction and land $ 109,643 $ 2,001 $ 409 $ 146 $ 112,199 Farmland 10,524 - - - 10,524 1-4 family residential 129,819 5,270 1,916 2,393 139,398 Multi-family residential 22,997 - 42 - 23,039 Nonfarm nonresidential 288,548 10,561 1,765 3,404 304,278 Commercial 209,394 21,211 3,392 4,927 238,924 Consumer 45,213 673 23 235 46,144 Total $ 816,138 $ 39,716 $ 7,547 $ 11,105 $ 874,506 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 loa ns 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 collat eral values. ● Substandard loans have an existing specific and well defined weakness that may may action is necessary. ● Doubtful loans have specific weaknesses that are severe enough to make collection or liquidation in full highly questionable and improbable. The following table s reflect certain information with respect to the loan portfolio delinquencies by loan class and amount as of June 30, 2017 December 31, 2016. 90 Aged Analysi s of Past Due Loans Receivable June 30, 2017 (Dollars in thousands) Recorded Greater Investment Over 30-59 Days 60-89 Days Than 90 Days Total Total Loans 90 Days Past Due Past Due Past Due Past Due Past Due Current Receivable and Still Accruing Real Estate Loans: Construction and land $ 37 $ 4 $ 137 $ 178 $ 112,021 $ 112,199 $ - Farmland - - - - 10,524 10,524 - 1-4 family residential 781 151 1,031 1,963 137,435 139,398 - Multi-family residential - - - - 23,039 23,039 - Nonfarm nonresidential 241 3,260 330 3,831 300,447 304,278 - Commercial 2,690 - 3,682 6,372 232,552 238,924 55 Consumer 6 - 224 230 45,914 46,144 - Total $ 3,755 $ 3,415 $ 5,404 $ 12,574 $ 861,932 $ 874,506 $ 55 December 31, 2016 (Dollars in thousands) Recorded Greater Investment Over 30-59 Days 60-89 Days Than 90 Days Total Total Loans 90 Days Past Due Past Due Past Due Past Due Past Due Current Receivable 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 informati on pertaining to impaired loans as of June 30, 2017 December 31, 2016. $57,000 $138,000 six June 30, 2017 2016, June 30, 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 $ 60 Farmland - - - - 1-4 family residential 989 1,069 415 808 Multi-family residential - - - - Nonfarm nonresidential 693 708 112 422 Other Loans: Commercial 596 617 483 487 Consumer - - - 10 Total $ 2,367 $ 2,483 $ 1,032 $ 1,787 With no allowance recorded: Real Estate Loans: Construction and land $ 44 $ 54 $ - $ 77 Farmland - - - - 1-4 family residential 1,927 2,290 - 2,309 Multi-family residential - - - - Nonfarm nonresidential 2,356 2,406 - 2,009 Other Loans: Commercial 4,331 5,575 - 5,598 Consumer 235 266 - 124 Total $ 8,893 $ 10,591 $ - $ 10,117 Total Impaired Loans: Real Estate Loans: Construction and land $ 133 $ 143 $ 22 $ 137 Farmland - - - - 1-4 family residential 2,916 3,359 415 3,117 Multi-family residential - - - - Nonfarm nonresidential 3,049 3,114 112 2,431 Other Loans: Commercial 4,927 6,192 483 6,085 Consumer 235 266 - 134 Total $ 11,260 $ 13,074 $ 1,032 $ 11,904 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 acquisition and the probability that the Company will be unable to collect all contractually required payments. The expected cash flows approximated fair value as of the date of merger and, as a result, no The following table presents the changes in the carrying amount o f 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 (871 ) Purchased impaired credit participation interest sales proceeds, net of discount realized 444 Charge-offs (600 ) Carrying amount - June 30, 2017 $ 749 The Bank seeks t o 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 June 30, 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 info rmative data regarding troubled debt restructurings as of June 30, 2017 December 31, 2016. $3.3 six June 30, 2017 none December 31, 2016. Modifications as of June 30, 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 $ 591 Other Loans: Commercial 3 5,144 3,991 Total 6 $ 6,014 $ 4,582 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 - | 6 Months Ended |
Jun. 30, 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 – Includes the most reliable sources, and includes quoted prices in active markets for identical assets or liabilities. ● Level 2 – Includes observable inputs. Observable inputs include inputs other than quoted prices that are observable for the asset or liability (for example, interest rates and yield curves at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates) as well as inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). ● Level 3 – Includes unobservable inputs and should be used only when observable inputs are unavailable. 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 June 30, 2017 December 31, 2016. not Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) June 30, 2017 Available for Sale: U.S. Government Agency Securities $ 8,408 $ - $ 8,408 $ - Corporate Securities 13,190 - 13,190 - Mortgage-Backed Securities 90,278 - 90,278 - Municipal Securities 79,509 - 79,509 - Other Securities 673 - 673 - Total $ 192,058 $ - $ 192,058 $ - 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 The fair va lue 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) June 30, 2017 Assets: Impaired Loans $ 10,943 $ - $ 10,943 $ - Repossessed Assets 1,227 - 1,227 - Total $ 12,170 $ - $ 12,170 $ - 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 not may not may not 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 Loa ns – 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 The estimated approximate fair values of the Bank ’s financial instruments as of June 30, 2017 December 31, 2016 Carrying Total Amount Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) June 30, 2017 Financial Assets: Cash and Short-Term Investments $ 52,294 $ 52,294 $ 52,294 $ - $ - Securities 192,058 192,058 - 192,058 - Mortgage Loans Held for Sale 167 167 - 167 - Loans - Net 865,329 852,604 - - 852,604 Cash Value of BOLI 22,876 22,876 - 22,876 - Other Equity Securities 7,065 7,065 - - 7,065 Total $ 1,139,789 $ 1,127,064 $ 52,294 $ 215,101 $ 859,669 Financial Liabilities: Deposits $ 972,016 $ 948,873 $ - $ - $ 948,873 Borrowings 72,402 72,452 - 72,452 - Total $ 1,044,418 $ 1,021,325 $ - $ 72,452 $ 948,873 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 - | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | N ote 8 – Recently Issued Accounting Pronouncements – In January 2016, Accounting Standards Update (“ASU”) No. 2016 16, Financial Instruments - Overall (Subtopic 825 10 may not not No. 2016 16 December 15, 2017, not In February 2016, B issued ASU 2016 02, Leases (Topic 842 December 15, 2018. not In March 2016, 2016 09, Compensation - Stock Compensation (Topic 718 December 15, 2016, not In June 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326 not may December 31, 2019. first On January 26, 2017, 2017 04, Intangibles – Goodwill and Other (Topic 350 2 not one zero zero 2020 January 1, 2017. not In May 2014, 2014 09, Revenue from Contracts with Customers (Topic 606 January 1, 2018. January 1, 2018 not |
Note 4 - Earnings Per Common 17
Note 4 - Earnings Per Common Share - (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For The Three Months For The Six Months Ended June 30, Ended June 30, 2017 2016 2017 2016 (Dollars in thousands, except per share data) Numerator: Net Income Available to Common Shares $ 2,052 $ 841 $ 4,028 $ 2,245 Denominator: Weighted Average Common Shares Outstanding 6,932,570 7,037,413 6,923,692 7,037,207 Dilutive Effect of Stock Options and Warrants 271,902 311,308 271,902 311,308 Weighted Average Dilutive Common Shares 7,204,472 7,348,721 7,195,594 7,348,515 Basic Earnings Per Common Share From Net Income Available to Common Shares $ 0.30 $ 0.12 $ 0.58 $ 0.32 Diluted Earnings Per Common Share From Net Income Available to Common Shares $ 0.28 $ 0.11 $ 0.56 $ 0.31 |
Note 5 - Securities - (Tables)
Note 5 - Securities - (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | June 30, 2017 (Dollars in thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value U.S. Government Agencies $ 8,380 $ 57 $ 29 $ 8,408 Corporate Securities 13,134 71 15 13,190 Mortgage-Backed Securities 91,274 9 1,005 90,278 Municipal Securities 78,906 771 168 79,509 Other Securities 820 - 147 673 Total Securities Available for Sale $ 192,514 $ 908 $ 1,364 $ 192,058 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] | June 30, 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 $ 3,005 $ 29 $ - $ - $ 3,005 $ 29 Corporate Securities 2,023 14 2,498 1 4,521 15 Mortgage-Backed Securities 72,199 789 10,899 216 83,098 1,005 Municipal Securities 20,544 155 1,385 13 21,929 168 Other Securities - - 673 147 673 147 Total Securities Available for Sale $ 97,771 $ 987 $ 15,455 $ 377 $ 113,226 $ 1,364 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 $ 8,417 $ 8,429 One to Five Years 47,225 47,515 Over Five to Ten Years 63,958 63,888 Over Ten Years 72,914 72,226 Total Securities Available for Sale $ 192,514 $ 192,058 |
Note 6 - Loans and the Allowa19
Note 6 - Loans and the Allowance for Loan Losses - (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, December 31, 2017 2016 (Dollars in thousands) Real estate loans: Construction and land $ 112,199 $ 94,426 Farmland 10,524 9,217 1-4 family residential 139,398 129,052 Multi-family residential 23,039 22,737 Nonfarm nonresidential 304,278 298,057 Commercial 238,924 213,120 Consumer 46,144 44,342 Total loans held for investment 874,506 810,951 Less: Allowance for loan losses (9,177 ) (8,162 ) Net loans $ 865,329 $ 802,789 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | June 30, 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 ) - (617 ) (53 ) (30 ) (722 ) Recoveries 1 - 14 - 1 30 31 77 Provision 255 13 320 13 745 326 (12 ) 1,660 Ending Balance $ 1,187 $ 88 $ 1,542 $ 185 $ 2,443 $ 3,342 $ 390 $ 9,177 Ending Balance: Individually evaluated for impairment $ 22 $ - $ 416 $ - $ 112 $ 482 $ - $ 1,032 Collectively evaluated for impairment $ 1,165 $ 88 $ 1,092 $ 185 $ 2,331 $ 2,860 $ 390 $ 8,111 Purchased Credit Impaired (1) $ - $ - $ 34 $ - $ - $ - $ - $ 34 Loans receivable: Ending Balance $ 112,199 $ 10,524 $ 139,398 $ 23,039 $ 304,278 $ 238,924 $ 46,144 $ 874,506 Ending Balance: Individually evaluated for impairment $ 133 $ - $ 2,916 $ - $ 3,049 $ 4,927 $ 235 $ 11,260 Collectively evaluated for impairment $ 112,053 $ 10,524 $ 136,270 $ 23,039 $ 300,705 $ 233,997 $ 45,909 $ 862,497 Purchased Credit Impaired (1) $ 13 $ - $ 212 $ - $ 524 $ - $ - $ 749 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] | June 30, 2017 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Real Estate Loans: Construction and land $ 109,643 $ 2,001 $ 409 $ 146 $ 112,199 Farmland 10,524 - - - 10,524 1-4 family residential 129,819 5,270 1,916 2,393 139,398 Multi-family residential 22,997 - 42 - 23,039 Nonfarm nonresidential 288,548 10,561 1,765 3,404 304,278 Commercial 209,394 21,211 3,392 4,927 238,924 Consumer 45,213 673 23 235 46,144 Total $ 816,138 $ 39,716 $ 7,547 $ 11,105 $ 874,506 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] | June 30, 2017 (Dollars in thousands) Recorded Greater Investment Over 30-59 Days 60-89 Days Than 90 Days Total Total Loans 90 Days Past Due Past Due Past Due Past Due Past Due Current Receivable and Still Accruing Real Estate Loans: Construction and land $ 37 $ 4 $ 137 $ 178 $ 112,021 $ 112,199 $ - Farmland - - - - 10,524 10,524 - 1-4 family residential 781 151 1,031 1,963 137,435 139,398 - Multi-family residential - - - - 23,039 23,039 - Nonfarm nonresidential 241 3,260 330 3,831 300,447 304,278 - Commercial 2,690 - 3,682 6,372 232,552 238,924 55 Consumer 6 - 224 230 45,914 46,144 - Total $ 3,755 $ 3,415 $ 5,404 $ 12,574 $ 861,932 $ 874,506 $ 55 December 31, 2016 (Dollars in thousands) Recorded Greater Investment Over 30-59 Days 60-89 Days Than 90 Days Total Total Loans 90 Days Past Due Past Due Past Due Past Due Past Due Current Receivable 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] | June 30, 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 $ 60 Farmland - - - - 1-4 family residential 989 1,069 415 808 Multi-family residential - - - - Nonfarm nonresidential 693 708 112 422 Other Loans: Commercial 596 617 483 487 Consumer - - - 10 Total $ 2,367 $ 2,483 $ 1,032 $ 1,787 With no allowance recorded: Real Estate Loans: Construction and land $ 44 $ 54 $ - $ 77 Farmland - - - - 1-4 family residential 1,927 2,290 - 2,309 Multi-family residential - - - - Nonfarm nonresidential 2,356 2,406 - 2,009 Other Loans: Commercial 4,331 5,575 - 5,598 Consumer 235 266 - 124 Total $ 8,893 $ 10,591 $ - $ 10,117 Total Impaired Loans: Real Estate Loans: Construction and land $ 133 $ 143 $ 22 $ 137 Farmland - - - - 1-4 family residential 2,916 3,359 415 3,117 Multi-family residential - - - - Nonfarm nonresidential 3,049 3,114 112 2,431 Other Loans: Commercial 4,927 6,192 483 6,085 Consumer 235 266 - 134 Total $ 11,260 $ 13,074 $ 1,032 $ 11,904 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 (871 ) Purchased impaired credit participation interest sales proceeds, net of discount realized 444 Charge-offs (600 ) Carrying amount - June 30, 2017 $ 749 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Modifications as of June 30, 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 $ 591 Other Loans: Commercial 3 5,144 3,991 Total 6 $ 6,014 $ 4,582 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) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) June 30, 2017 Available for Sale: U.S. Government Agency Securities $ 8,408 $ - $ 8,408 $ - Corporate Securities 13,190 - 13,190 - Mortgage-Backed Securities 90,278 - 90,278 - Municipal Securities 79,509 - 79,509 - Other Securities 673 - 673 - Total $ 192,058 $ - $ 192,058 $ - 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) June 30, 2017 Assets: Impaired Loans $ 10,943 $ - $ 10,943 $ - Repossessed Assets 1,227 - 1,227 - Total $ 12,170 $ - $ 12,170 $ - 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) June 30, 2017 Financial Assets: Cash and Short-Term Investments $ 52,294 $ 52,294 $ 52,294 $ - $ - Securities 192,058 192,058 - 192,058 - Mortgage Loans Held for Sale 167 167 - 167 - Loans - Net 865,329 852,604 - - 852,604 Cash Value of BOLI 22,876 22,876 - 22,876 - Other Equity Securities 7,065 7,065 - - 7,065 Total $ 1,139,789 $ 1,127,064 $ 52,294 $ 215,101 $ 859,669 Financial Liabilities: Deposits $ 972,016 $ 948,873 $ - $ - $ 948,873 Borrowings 72,402 72,452 - 72,452 - Total $ 1,044,418 $ 1,021,325 $ - $ 72,452 $ 948,873 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) | Jun. 30, 2017 |
Number of Locations in Operation | 19 |
Number of Full Service Banking Centers | 16 |
Number of Loan Production Offices | 2 |
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 | Jun. 30, 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 | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Net Income Available to Common Shares | $ 2,052 | $ 841 | $ 4,028 | $ 2,245 |
Weighted Average Common Shares Outstanding (in shares) | 6,932,570 | 7,037,413 | 6,923,692 | 7,037,207 |
Dilutive Effect of Stock Options and Warrants (in shares) | 271,902 | 311,308 | 271,902 | 311,308 |
Weighted Average Dilutive Common Shares (in shares) | 7,204,472 | 7,348,721 | 7,195,594 | 7,348,515 |
Basic Earnings Per Common Share From Net Income Available to Common Shares (in dollars per share) | $ 0.30 | $ 0.12 | $ 0.58 | $ 0.32 |
Diluted Earnings Per Common Share From Net Income Available to Common Shares (in dollars per share) | $ 0.28 | $ 0.11 | $ 0.56 | $ 0.31 |
Note 5 - Securities - Amortized
Note 5 - Securities - Amortized Cost and Fair Values of Securities Available-for-Sale (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Amortized Cost | $ 192,514 | $ 201,873 |
Gross Unrealized Gains | 908 | 297 |
Gross Unrealized Losses | 1,364 | 3,828 |
Securities Available for Sale, at Fair Values | 192,058 | 198,342 |
US Government Agencies Debt Securities [Member] | ||
Amortized Cost | 8,380 | 7,580 |
Gross Unrealized Gains | 57 | 36 |
Gross Unrealized Losses | 29 | 50 |
Securities Available for Sale, at Fair Values | 8,408 | 7,566 |
Corporate Debt Securities [Member] | ||
Amortized Cost | 13,134 | 11,148 |
Gross Unrealized Gains | 71 | 31 |
Gross Unrealized Losses | 15 | 52 |
Securities Available for Sale, at Fair Values | 13,190 | 11,127 |
Collateralized Mortgage Backed Securities [Member] | ||
Amortized Cost | 91,274 | 101,766 |
Gross Unrealized Gains | 9 | 20 |
Gross Unrealized Losses | 1,005 | 2,414 |
Securities Available for Sale, at Fair Values | 90,278 | 99,372 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized Cost | 78,906 | 80,559 |
Gross Unrealized Gains | 771 | 210 |
Gross Unrealized Losses | 168 | 1,133 |
Securities Available for Sale, at Fair Values | 79,509 | 79,636 |
Other Debt Obligations [Member] | ||
Amortized Cost | 820 | 820 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 147 | 179 |
Securities Available for Sale, at Fair Values | $ 673 | $ 641 |
Note 5 - Securities - Summary o
Note 5 - Securities - Summary of Securities with Gross Unrealized Losses and Fair Values (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Fair Value, Less Than 12 Months | $ 97,771 | $ 147,169 |
Gross Unrealized Losses, Less Than 12 Months | 987 | 3,183 |
Fair Value, 12 Months or Greater | 15,455 | 15,248 |
Gross Unrealized Losses, 12 Months or Greater | 377 | 645 |
Fair Value | 113,226 | 162,417 |
Gross Unrealized Losses | 1,364 | 3,828 |
US Government Agencies Debt Securities [Member] | ||
Fair Value, Less Than 12 Months | 3,005 | 4,535 |
Gross Unrealized Losses, Less Than 12 Months | 29 | 50 |
Fair Value, 12 Months or Greater | 0 | |
Gross Unrealized Losses, 12 Months or Greater | 0 | |
Fair Value | 3,005 | 4,535 |
Gross Unrealized Losses | 29 | 50 |
Corporate Debt Securities [Member] | ||
Fair Value, Less Than 12 Months | 2,023 | 2,010 |
Gross Unrealized Losses, Less Than 12 Months | 14 | 31 |
Fair Value, 12 Months or Greater | 2,498 | 4,515 |
Gross Unrealized Losses, 12 Months or Greater | 1 | 21 |
Fair Value | 4,521 | 6,525 |
Gross Unrealized Losses | 15 | 52 |
Collateralized Mortgage Backed Securities [Member] | ||
Fair Value, Less Than 12 Months | 72,199 | 86,091 |
Gross Unrealized Losses, Less Than 12 Months | 789 | 1,974 |
Fair Value, 12 Months or Greater | 10,899 | 9,885 |
Gross Unrealized Losses, 12 Months or Greater | 216 | 440 |
Fair Value | 83,098 | 95,976 |
Gross Unrealized Losses | 1,005 | 2,414 |
US States and Political Subdivisions Debt Securities [Member] | ||
Fair Value, Less Than 12 Months | 20,544 | 54,533 |
Gross Unrealized Losses, Less Than 12 Months | 155 | 1,128 |
Fair Value, 12 Months or Greater | 1,385 | 207 |
Gross Unrealized Losses, 12 Months or Greater | 13 | 5 |
Fair Value | 21,929 | 54,740 |
Gross Unrealized Losses | 168 | 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 | 673 | 641 |
Gross Unrealized Losses, 12 Months or Greater | 147 | 179 |
Fair Value | 673 | 641 |
Gross Unrealized Losses | $ 147 | $ 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 | Jun. 30, 2017USD ($) |
Less Than One Year, Amortized Cost | $ 8,417 |
Less Than One Year, Fair Value | 8,429 |
One to Five Years, Amortized Cost | 47,225 |
One to Five Years, Fair Value | 47,515 |
Over Five to Ten Years, Amortized Cost | 63,958 |
Over Five to Ten Years, Fair Value | 63,888 |
Over Ten Years, Amortized Cost | 72,914 |
Over Ten Years, Fair Value | 72,226 |
Amortized Cost | 192,514 |
Fair Value | $ 192,058 |
Note 6 - Loans and the Allowa27
Note 6 - Loans and the Allowance for Loan Losses - (Details Textual) - USD ($) | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Loans Receivable, Unpaid Principal Balance | $ 64,300,000 | $ 55,500,000 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | [1] | 749,000 | 1,776,000 | ||
Loans and Leases Receivable, Net of Deferred Income | 874,506,000 | 810,951,000 | |||
Loans and Leases Receivable, Deferred Income | 1,200,000 | 761,000 | |||
Loans and Leases Receivable Reclassified from Overdraft | 155,000 | 232,000 | |||
Impaired Financing Receivable, Interest Income, Accrual Method | 57,000 | $ 138,000 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 3,300,000 | 0 | |||
American Gateway Financial Corporation [Member] | |||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 749,000 | 1,776,000 | $ 3,634,000 | ||
American Gateway Financial Corporation [Member] | Performing Financial Instruments [Member] | |||||
Loans Receivable, Fair Value Disclosure | 54,300,000 | 65,300,000 | |||
Loans and Leases Receivable, Net of Deferred Income | 55,600,000 | 65,900,000 | |||
Loans and Leases Receivable, Deferred Income | $ 2,000,000 | $ 2,400,000 | |||
[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 | Jun. 30, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Loans and Leases Receivable, Net of Deferred Income | $ 874,506 | $ 810,951 | |
Allowance for loan losses | (9,177) | (8,162) | $ (7,244) |
Net loans | 865,329 | 802,789 | |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 112,199 | 94,426 | |
Allowance for loan losses | (1,187) | (933) | (600) |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 10,524 | 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 | 304,278 | 298,057 | |
Allowance for loan losses | (2,443) | (2,314) | (1,416) |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 139,398 | 129,052 | |
Allowance for loan losses | (1,542) | (1,228) | (1,021) |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 23,039 | 22,737 | |
Allowance for loan losses | (185) | (172) | (101) |
Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 238,924 | 213,120 | |
Allowance for loan losses | (3,342) | (3,039) | (3,618) |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 46,144 | 44,342 | |
Allowance for loan losses | $ (390) | $ (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 | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | ||
Allowance for credit losses, Individually evaluated for impairment | $ 1,032 | $ 1,032 | $ 887 | |||
Allowance for credit losses, Collectively evaluated for impairment | 8,111 | 8,111 | 7,242 | |||
Allowance for credit losses, Purchased Credit Impaired | [1] | 34 | 34 | 33 | ||
Loans receivable, Ending Balance | 874,506 | 874,506 | 810,951 | |||
Loans receivable, Individually evaluated for impairment | 11,260 | 11,260 | 12,009 | |||
Loans receivable, Collectively evaluated for impairment | 862,497 | 862,497 | 797,166 | |||
Loans receivable, Purchased Credit Impaired | [1] | 749 | 749 | 1,776 | ||
Beginning Balance | 8,162 | $ 7,244 | 7,244 | |||
Charge-offs | (722) | (1,789) | ||||
Recoveries | 77 | 1,487 | ||||
Provision | 1,305 | $ 150 | 1,660 | 820 | 1,220 | |
Ending Balance | 9,177 | 9,177 | 8,162 | |||
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | ||||||
Allowance for credit losses, Individually evaluated for impairment | 22 | 22 | 0 | |||
Allowance for credit losses, Collectively evaluated for impairment | 1,165 | 1,165 | 933 | |||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | 0 | ||
Loans receivable, Ending Balance | 112,199 | 112,199 | 94,426 | |||
Loans receivable, Individually evaluated for impairment | 133 | 133 | 143 | |||
Loans receivable, Collectively evaluated for impairment | 112,053 | 112,053 | 94,117 | |||
Loans receivable, Purchased Credit Impaired | [1] | 13 | 13 | 166 | ||
Beginning Balance | 933 | 600 | 600 | |||
Charge-offs | (2) | (484) | ||||
Recoveries | 1 | 10 | ||||
Provision | 255 | 807 | ||||
Ending Balance | 1,187 | 1,187 | 933 | |||
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | ||||||
Allowance for credit losses, Individually evaluated for impairment | 0 | 0 | 0 | |||
Allowance for credit losses, Collectively evaluated for impairment | 88 | 88 | 75 | |||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | 0 | ||
Loans receivable, Ending Balance | 10,524 | 10,524 | 9,217 | |||
Loans receivable, Individually evaluated for impairment | 0 | 0 | 0 | |||
Loans receivable, Collectively evaluated for impairment | 10,524 | 10,524 | 9,217 | |||
Loans receivable, Purchased Credit Impaired | [1] | 0 | 0 | 0 | ||
Beginning Balance | 75 | 30 | 30 | |||
Charge-offs | 0 | 0 | ||||
Recoveries | 0 | 0 | ||||
Provision | 13 | 45 | ||||
Ending Balance | 88 | 88 | 75 | |||
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||||||
Allowance for credit losses, Individually evaluated for impairment | 112 | 112 | 98 | |||
Allowance for credit losses, Collectively evaluated for impairment | 2,331 | 2,331 | 2,216 | |||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | 0 | ||
Loans receivable, Ending Balance | 304,278 | 304,278 | 298,057 | |||
Loans receivable, Individually evaluated for impairment | 3,049 | 3,049 | 1,073 | |||
Loans receivable, Collectively evaluated for impairment | 300,705 | 300,705 | 295,590 | |||
Loans receivable, Purchased Credit Impaired | [1] | 524 | 524 | 1,394 | ||
Beginning Balance | 2,314 | 1,416 | 1,416 | |||
Charge-offs | (617) | (473) | ||||
Recoveries | 1 | 1,258 | ||||
Provision | 745 | 113 | ||||
Ending Balance | 2,443 | 2,443 | 2,314 | |||
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | ||||||
Allowance for credit losses, Individually evaluated for impairment | 416 | 416 | 252 | |||
Allowance for credit losses, Collectively evaluated for impairment | 1,092 | 1,092 | 943 | |||
Allowance for credit losses, Purchased Credit Impaired | [1] | 34 | 34 | 33 | ||
Loans receivable, Ending Balance | 139,398 | 139,398 | 129,052 | |||
Loans receivable, Individually evaluated for impairment | 2,916 | 2,916 | 3,263 | |||
Loans receivable, Collectively evaluated for impairment | 136,270 | 136,270 | 125,573 | |||
Loans receivable, Purchased Credit Impaired | [1] | 212 | 212 | 216 | ||
Beginning Balance | 1,228 | 1,021 | 1,021 | |||
Charge-offs | (20) | (162) | ||||
Recoveries | 14 | 140 | ||||
Provision | 320 | 229 | ||||
Ending Balance | 1,542 | 1,542 | 1,228 | |||
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | ||||||
Allowance for credit losses, Individually evaluated for impairment | 0 | 0 | 0 | |||
Allowance for credit losses, Collectively evaluated for impairment | 185 | 185 | 172 | |||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | 0 | ||
Loans receivable, Ending Balance | 23,039 | 23,039 | 22,737 | |||
Loans receivable, Individually evaluated for impairment | 0 | 0 | 0 | |||
Loans receivable, Collectively evaluated for impairment | 23,039 | 23,039 | 22,737 | |||
Loans receivable, Purchased Credit Impaired | [1] | 0 | 0 | 0 | ||
Beginning Balance | 172 | 101 | 101 | |||
Charge-offs | 0 | 0 | ||||
Recoveries | 0 | 0 | ||||
Provision | 13 | 71 | ||||
Ending Balance | 185 | 185 | 172 | |||
Commercial Portfolio Segment [Member] | ||||||
Allowance for credit losses, Individually evaluated for impairment | 482 | 482 | 501 | |||
Allowance for credit losses, Collectively evaluated for impairment | 2,860 | 2,860 | 2,538 | |||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | 0 | ||
Loans receivable, Ending Balance | 238,924 | 238,924 | 213,120 | |||
Loans receivable, Individually evaluated for impairment | 4,927 | 4,927 | 7,332 | |||
Loans receivable, Collectively evaluated for impairment | 233,997 | 233,997 | 205,788 | |||
Loans receivable, Purchased Credit Impaired | [1] | 0 | 0 | 0 | ||
Beginning Balance | 3,039 | 3,618 | 3,618 | |||
Charge-offs | (53) | (667) | ||||
Recoveries | 30 | 33 | ||||
Provision | 326 | 55 | ||||
Ending Balance | 3,342 | 3,342 | 3,039 | |||
Consumer Portfolio Segment [Member] | ||||||
Allowance for credit losses, Individually evaluated for impairment | 0 | 0 | 36 | |||
Allowance for credit losses, Collectively evaluated for impairment | 390 | 390 | 365 | |||
Allowance for credit losses, Purchased Credit Impaired | [1] | 0 | 0 | 0 | ||
Loans receivable, Ending Balance | 46,144 | 46,144 | 44,342 | |||
Loans receivable, Individually evaluated for impairment | 235 | 235 | 198 | |||
Loans receivable, Collectively evaluated for impairment | 45,909 | 45,909 | 44,144 | |||
Loans receivable, Purchased Credit Impaired | [1] | 0 | 0 | 0 | ||
Beginning Balance | 401 | $ 458 | 458 | |||
Charge-offs | (30) | (3) | ||||
Recoveries | 31 | 46 | ||||
Provision | (12) | (100) | ||||
Ending Balance | $ 390 | $ 390 | $ 401 | |||
[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 | Jun. 30, 2017 | Dec. 31, 2016 |
Credit quality indicators | $ 874,506 | $ 810,951 |
Pass [Member] | ||
Credit quality indicators | 816,138 | 753,753 |
Special Mention [Member] | ||
Credit quality indicators | 39,716 | 37,533 |
Substandard [Member] | ||
Credit quality indicators | 7,547 | 12,539 |
Doubtful [Member] | ||
Credit quality indicators | 11,105 | 7,126 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | ||
Credit quality indicators | 112,199 | 94,426 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Pass [Member] | ||
Credit quality indicators | 109,643 | 92,951 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Special Mention [Member] | ||
Credit quality indicators | 2,001 | 932 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Substandard [Member] | ||
Credit quality indicators | 409 | 300 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Doubtful [Member] | ||
Credit quality indicators | 146 | 243 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Credit quality indicators | 10,524 | 9,217 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | Pass [Member] | ||
Credit quality indicators | 10,524 | 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 | 304,278 | 298,057 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Pass [Member] | ||
Credit quality indicators | 288,548 | 280,398 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Special Mention [Member] | ||
Credit quality indicators | 10,561 | 14,531 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Substandard [Member] | ||
Credit quality indicators | 1,765 | 1,927 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Doubtful [Member] | ||
Credit quality indicators | 3,404 | 1,201 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | ||
Credit quality indicators | 139,398 | 129,052 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Pass [Member] | ||
Credit quality indicators | 129,819 | 118,891 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Special Mention [Member] | ||
Credit quality indicators | 5,270 | 4,782 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Substandard [Member] | ||
Credit quality indicators | 1,916 | 2,658 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Doubtful [Member] | ||
Credit quality indicators | 2,393 | 2,721 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Credit quality indicators | 23,039 | 22,737 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | Pass [Member] | ||
Credit quality indicators | 22,997 | 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 | 42 | 52 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | Doubtful [Member] | ||
Credit quality indicators | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Credit quality indicators | 238,924 | 213,120 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Credit quality indicators | 209,394 | 186,197 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Credit quality indicators | 21,211 | 16,783 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Credit quality indicators | 3,392 | 7,377 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Credit quality indicators | 4,927 | 2,763 |
Consumer Portfolio Segment [Member] | ||
Credit quality indicators | 46,144 | 44,342 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Credit quality indicators | 45,213 | 43,414 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Credit quality indicators | 673 | 505 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Credit quality indicators | 23 | 225 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Credit quality indicators | $ 235 | $ 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 | Jun. 30, 2017 | Dec. 31, 2016 |
Credit quality indicators | $ 874,506 | $ 810,951 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 55 | 168 |
Past Due | 12,574 | 6,071 |
Current | 861,932 | 804,880 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 3,755 | 2,935 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 3,415 | 1,124 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 5,404 | 2,012 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | ||
Credit quality indicators | 112,199 | 94,426 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 0 |
Past Due | 178 | 571 |
Current | 112,021 | 93,855 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 37 | 465 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 4 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 137 | 106 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Credit quality indicators | 10,524 | 9,217 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 0 |
Past Due | 0 | 0 |
Current | 10,524 | 9,217 |
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] | ||
Credit quality indicators | 304,278 | 298,057 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 0 |
Past Due | 3,831 | 2,075 |
Current | 300,447 | 295,982 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 241 | 1,370 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 3,260 | 173 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 330 | 532 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | ||
Credit quality indicators | 139,398 | 129,052 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 117 |
Past Due | 1,963 | 2,531 |
Current | 137,435 | 126,521 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 781 | 989 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 151 | 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 | 1,031 | 963 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Credit quality indicators | 23,039 | 22,737 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 0 |
Past Due | 0 | 0 |
Current | 23,039 | 22,737 |
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] | ||
Credit quality indicators | 238,924 | 213,120 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 55 | 51 |
Past Due | 6,372 | 679 |
Current | 232,552 | 212,441 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 2,690 | 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 | 3,682 | 262 |
Consumer Portfolio Segment [Member] | ||
Credit quality indicators | 46,144 | 44,342 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 0 | 0 |
Past Due | 230 | 215 |
Current | 45,914 | 44,127 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 6 | 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 | $ 224 | $ 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 | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Average Recorded Investment | $ 11,904 | $ 13,195 |
Recorded Investment, with no allowance recorded | 8,893 | 10,470 |
Unpaid Principal Balance, with no allowance recorded | 10,591 | 12,145 |
Average Recorded Investment, with no allowance recorded | 10,117 | 10,873 |
Recorded Investment | 11,260 | 12,009 |
Unpaid Principal Balance | 13,074 | 13,728 |
Recorded Investment, with an allowance recorded | 2,367 | 1,539 |
Unpaid Principal Balance, with an allowance recorded | 2,483 | 1,583 |
Related Allowance | 1,032 | 887 |
Average Recorded Investment, with an allowance recorded | 1,787 | 2,322 |
Commercial Real Estate Portfolio Segment [Member] | Construction and Land [Member] | ||
Average Recorded Investment | 137 | 779 |
Recorded Investment, with no allowance recorded | 44 | 143 |
Unpaid Principal Balance, with no allowance recorded | 54 | 152 |
Average Recorded Investment, with no allowance recorded | 77 | 124 |
Recorded Investment | 133 | 143 |
Unpaid Principal Balance | 143 | 152 |
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 | 60 | 655 |
Commercial Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Average Recorded Investment | 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 |
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 |
Commercial Real Estate Portfolio Segment [Member] | Nonfarm Nonresidential [Member] | ||
Average Recorded Investment | 2,431 | 3,761 |
Recorded Investment, with no allowance recorded | 2,356 | 705 |
Unpaid Principal Balance, with no allowance recorded | 2,406 | 729 |
Average Recorded Investment, with no allowance recorded | 2,009 | 3,730 |
Recorded Investment | 3,049 | 1,073 |
Unpaid Principal Balance | 3,114 | 1,097 |
Recorded Investment, with an allowance recorded | 693 | 368 |
Unpaid Principal Balance, with an allowance recorded | 708 | 368 |
Related Allowance | 112 | 98 |
Average Recorded Investment, with an allowance recorded | 422 | 31 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | ||
Average Recorded Investment | 3,117 | 3,668 |
Recorded Investment, with no allowance recorded | 1,927 | 2,823 |
Unpaid Principal Balance, with no allowance recorded | 2,290 | 3,276 |
Average Recorded Investment, with no allowance recorded | 2,309 | 3,296 |
Recorded Investment | 2,916 | 3,263 |
Unpaid Principal Balance | 3,359 | 3,746 |
Recorded Investment, with an allowance recorded | 989 | 440 |
Unpaid Principal Balance, with an allowance recorded | 1,069 | 470 |
Related Allowance | 415 | 252 |
Average Recorded Investment, with an allowance recorded | 808 | 372 |
Residential Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Average Recorded Investment | 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 |
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 |
Commercial Portfolio Segment [Member] | ||
Average Recorded Investment | 6,085 | 4,932 |
Recorded Investment, with no allowance recorded | 4,331 | 6,637 |
Unpaid Principal Balance, with no allowance recorded | 5,575 | 7,826 |
Average Recorded Investment, with no allowance recorded | 5,598 | 3,680 |
Recorded Investment | 4,927 | 7,332 |
Unpaid Principal Balance | 6,192 | 8,535 |
Recorded Investment, with an allowance recorded | 596 | 695 |
Unpaid Principal Balance, with an allowance recorded | 617 | 709 |
Related Allowance | 483 | 501 |
Average Recorded Investment, with an allowance recorded | 487 | 1,252 |
Consumer Portfolio Segment [Member] | ||
Average Recorded Investment | 134 | 55 |
Recorded Investment, with no allowance recorded | 235 | 162 |
Unpaid Principal Balance, with no allowance recorded | 266 | 162 |
Average Recorded Investment, with no allowance recorded | 124 | 43 |
Recorded Investment | 235 | 198 |
Unpaid Principal Balance | 266 | 198 |
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 | $ 10 | $ 12 |
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 ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2017 | Dec. 31, 2016 | ||
Carrying amount, beginning balance | [1] | $ 1,776,000 | |
Carrying amount, ending balance | [1] | 749,000 | $ 1,776,000 |
American Gateway Financial Corporation [Member] | |||
Carrying amount, beginning balance | 1,776,000 | 3,634,000 | |
Payments received, net of discounts realized | (871,000) | (1,181,000) | |
Purchased impaired credit participation interest sales proceeds, net of discount realized | 444,000 | ||
Charge-offs | (600,000) | (352,000) | |
Transfer to other real estate | (325,000) | ||
Carrying amount, ending balance | $ 749,000 | $ 1,776,000 | |
[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 | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017USD ($) | Dec. 31, 2016USD ($) | |
Pre-Modification Outstanding Recorded Investment | $ 6,014 | $ 7,750 |
Post-Modification Outstanding Recorded Investment | $ 4,582 | $ 5,931 |
Number of Contracts | 6 | 9 |
Residential Portfolio Segment [Member] | Real Estate Residential One- to Four-Family [Member] | ||
Pre-Modification Outstanding Recorded Investment | $ 870 | $ 870 |
Post-Modification Outstanding Recorded Investment | $ 591 | $ 608 |
Number of Contracts | 3 | 3 |
Commercial Portfolio Segment [Member] | ||
Pre-Modification Outstanding Recorded Investment | $ 5,144 | $ 6,880 |
Post-Modification Outstanding Recorded Investment | $ 3,991 | $ 5,323 |
Number of Contracts | 3 | 6 |
Note 7 - Fair Value of Financ35
Note 7 - Fair Value of Financial Instruments - (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Liabilities, Fair Value Disclosure, Recurring | $ 0 | $ 0 |
Liabilities, Fair Value Disclosure, Nonrecurring | $ 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 | Jun. 30, 2017 | Dec. 31, 2016 |
Securities Available for Sale, at Fair Values | $ 192,058 | $ 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 | 192,058 | 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 | 8,408 | 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 | 8,408 | 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 | 13,190 | 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 | 13,190 | 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 | 90,278 | 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 | 90,278 | 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 | 79,509 | 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 | 79,509 | 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 | 673 | 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 | 673 | 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 | Jun. 30, 2017 | Dec. 31, 2016 |
Assets, Fair Value Disclosure, Nonrecurring Basis | $ 12,170 | $ 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 | 12,170 | 14,061 |
Fair Value, Inputs, Level 3 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | ||
Impaired Loans [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring Basis | 10,943 | 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 | 10,943 | 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 | 1,227 | 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 | 1,227 | 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 | Jun. 30, 2017 | Dec. 31, 2016 |
Securities | $ 192,058 | $ 198,342 |
Other Equity Securities | 7,065 | 6,120 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities | ||
Fair Value, Inputs, Level 2 [Member] | ||
Securities | 192,058 | 198,342 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities | ||
Reported Value Measurement [Member] | ||
Total | 1,139,789 | 1,074,727 |
Deposits | 972,016 | 932,795 |
Borrowings | 72,402 | 53,646 |
Total | 1,044,418 | 986,441 |
Cash and Short-Term Investments | 52,294 | 44,729 |
Securities | 192,058 | 198,342 |
Mortgage Loans Held for Sale | 167 | 180 |
Loans - Net | 865,329 | 802,789 |
Cash Value of BOLI | 22,876 | 22,567 |
Other Equity Securities | 7,065 | 6,120 |
Estimate of Fair Value Measurement [Member] | ||
Total | 1,127,064 | 1,068,338 |
Deposits | 948,873 | 912,702 |
Borrowings | 72,452 | 53,706 |
Total | 1,021,325 | 966,408 |
Cash and Short-Term Investments | 52,294 | 44,729 |
Securities | 192,058 | 198,342 |
Mortgage Loans Held for Sale | 167 | 180 |
Loans - Net | 852,604 | 796,400 |
Cash Value of BOLI | 22,876 | 22,567 |
Other Equity Securities | 7,065 | 6,120 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total | 52,294 | 44,729 |
Deposits | ||
Borrowings | ||
Total | ||
Cash and Short-Term Investments | 52,294 | 44,729 |
Securities | ||
Mortgage Loans Held for Sale | ||
Loans - Net | ||
Cash Value of BOLI | ||
Other Equity Securities | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total | 215,101 | 221,089 |
Deposits | ||
Borrowings | 72,452 | 53,706 |
Total | 72,452 | 53,706 |
Cash and Short-Term Investments | ||
Securities | 192,058 | 198,342 |
Mortgage Loans Held for Sale | 167 | 180 |
Loans - Net | ||
Cash Value of BOLI | 22,876 | 22,567 |
Other Equity Securities | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total | 859,669 | 802,520 |
Deposits | 948,873 | 912,702 |
Borrowings | ||
Total | 948,873 | 912,702 |
Cash and Short-Term Investments | ||
Securities | ||
Mortgage Loans Held for Sale | ||
Loans - Net | 852,604 | 796,400 |
Cash Value of BOLI | ||
Other Equity Securities | $ 7,065 | $ 6,120 |