Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | Apr. 30, 2016 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | PFBX | |
Entity Registrant Name | PEOPLES FINANCIAL CORP /MS/ | |
Entity Central Index Key | 770,460 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 5,123,186 |
Consolidated Statements of Cond
Consolidated Statements of Condition - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Assets | ||
Cash and due from banks | $ 71,609 | $ 31,396 |
Available for sale securities | 217,884 | 202,807 |
Held to maturity securities, fair value of $22,046 at March 31, 2016; $19,220 at December 31, 2015 | 21,743 | 19,025 |
Other investments | 2,713 | 2,744 |
Federal Home Loan Bank Stock, at cost | 1,642 | 1,637 |
Loans | 337,911 | 337,557 |
Less: Allowance for loan losses | 7,564 | 8,070 |
Loans, net | 330,347 | 329,487 |
Bank premises and equipment, net of accumulated depreciation | 22,513 | 22,446 |
Other real estate | 9,840 | 9,916 |
Accrued interest receivable | 1,932 | 1,832 |
Cash surrender value of life insurance | 18,884 | 18,735 |
Other assets | 1,130 | 979 |
Total assets | 700,237 | 641,004 |
Deposits: | ||
Demand, non-interest bearing | 130,617 | 122,743 |
Savings and demand, interest bearing | 375,041 | 315,141 |
Time, $100,000 or more | 36,364 | 35,389 |
Other time deposits | 39,213 | 39,434 |
Total deposits | 581,235 | 512,707 |
Borrowings from Federal Home Loan Bank | 8,333 | 18,409 |
Employee and director benefit plans liabilities | 16,374 | 16,283 |
Other liabilities | 1,139 | 1,766 |
Total liabilities | 607,081 | 549,165 |
Shareholders' Equity: | ||
Common stock, $1 par value, 15,000,000 shares authorized, 5,123,186 shares issued and outstanding at March 31, 2016 and December 31, 2015 | 5,123 | 5,123 |
Surplus | 65,780 | 65,780 |
Undivided profits | 19,227 | 19,151 |
Accumulated other comprehensive income, net of tax | 3,026 | 1,785 |
Total shareholders' equity | 93,156 | 91,839 |
Total liabilities and shareholders' equity | $ 700,237 | $ 641,004 |
Consolidated Statements of Con3
Consolidated Statements of Condition (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Held to maturity securities, fair value | $ 22,046 | $ 19,220 |
Common stock, par value | $ 1 | $ 1 |
Common stock, shares authorized | 15,000,000 | 15,000,000 |
Common stock, shares issued | 5,123,186 | 5,123,186 |
Common stock, shares outstanding | 5,123,186 | 5,123,186 |
Consolidated Statements of Oper
Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Interest income: | ||
Interest and fees on loans | $ 3,697 | $ 3,753 |
Interest and dividends on securities: | ||
U.S. Treasuries | 207 | 111 |
U.S. Government agencies | 349 | 559 |
Mortgage-backed securities | 143 | 154 |
States and political subdivisions | 305 | 371 |
Corporate bonds | 8 | |
Other investments | 8 | 4 |
Interest on balances due from depository institutions | 63 | 13 |
Total interest income | 4,780 | 4,965 |
Interest expense: | ||
Deposits | 200 | 164 |
Borrowings from Federal Home Loan Bank | 42 | 46 |
Total interest expense | 242 | 210 |
Net interest income | 4,538 | 4,755 |
Provision for allowance for loan losses | 113 | 986 |
Net interest income after provision for allowance for loan losses | 4,425 | 3,769 |
Non-interest income: | ||
Trust department income and fees | 396 | 406 |
Service charges on deposit accounts | 932 | 1,224 |
Gain on liquidation, sales and calls of securities | 80 | |
Loss from other investments | (31) | (58) |
Increase in cash surrender value of life insurance | 102 | 122 |
Other income | 164 | 247 |
Total non-interest income | 1,643 | 1,941 |
Non-interest expense: | ||
Salaries and employee benefits | 2,774 | 3,039 |
Net occupancy | 647 | 667 |
Equipment rentals, depreciation and maintenance | 714 | 717 |
FDIC and state banking assessments | 226 | 246 |
Data processing | 340 | 359 |
ATM expense | 108 | 343 |
Other real estate expense | 351 | 451 |
Other expense | 832 | 1,039 |
Total non-interest expense | 5,992 | 6,861 |
Net income (loss) | $ 76 | $ (1,151) |
Basic and diluted earnings (loss) per share | $ 0.01 | $ (0.22) |
Dividends declared per share | $ 0 | $ 0 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Statement of Comprehensive Income [Abstract] | ||
Net income (loss) | $ 76 | $ (1,151) |
Other comprehensive income: | ||
Net unrealized gain on available for sale securities | 1,313 | 2,602 |
Reclassification adjustment for realized gains on available for sale securities called or sold | (72) | |
Total other comprehensive income | 1,241 | 2,602 |
Total comprehensive income | $ 1,317 | $ 1,451 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Equity - 3 months ended Mar. 31, 2016 - USD ($) $ in Thousands | Total | Common Stock [Member] | Surplus [Member] | Undivided Profits [Member] | Accumulated Other Comprehensive Income [Member] |
Beginning balance at Dec. 31, 2015 | $ 91,839 | $ 5,123 | $ 65,780 | $ 19,151 | $ 1,785 |
Beginning balance, Shares at Dec. 31, 2015 | 5,123,186 | 5,123,186 | |||
Net income | $ 76 | 76 | |||
Other comprehensive income | 1,241 | 1,241 | |||
Ending balance at Mar. 31, 2016 | $ 93,156 | $ 5,123 | $ 65,780 | $ 19,227 | $ 3,026 |
Ending balance, Shares at Mar. 31, 2016 | 5,123,186 | 5,123,186 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 76 | $ (1,151) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation | 447 | 445 |
Provision for allowance for loan losses | 113 | 986 |
Writedown of other real estate | 355 | 411 |
Gain on sales of other real estate | (57) | (24) |
Loss from other investments | 31 | 58 |
Amortization of available for sale securities | 18 | 61 |
Amortization of held to maturity securities | 30 | 17 |
Gain on liquidation, sales and calls of securities | (80) | |
Change in accrued interest receivable | (100) | (56) |
Increase in cash surrender value of life insurance | (102) | (122) |
Change in other assets | (151) | 190 |
Change in other liabilities | (536) | (73) |
Net cash provided by operating activities | 44 | 742 |
Cash flows from investing activities: | ||
Proceeds from maturities, sales and calls of available for sale securities | 56,126 | 26,327 |
Purchases of available for sale securities | (69,900) | (35,047) |
Proceeds from maturities and calls of held to maturity securities | 280 | |
Purchases of held to maturity securities | (3,028) | |
Purchases of Federal Home Loan Bank stock | (5) | (406) |
Proceeds from sales of other real estate | 592 | 513 |
Loans, net change | (1,787) | (14,942) |
Acquisition of bank premises and equipment | (514) | (58) |
Investment in cash surrender value of life insurance | (47) | (35) |
Net cash used in investing activities | (18,283) | (23,648) |
Cash flows from financing activities: | ||
Demand and savings deposits, net change | 67,774 | 45,747 |
Time deposits, net change | 754 | (975) |
Borrowings from Federal Home Loan Bank | 98,900 | 319,000 |
Repayments to Federal Home Loan Bank | (108,976) | (309,074) |
Net cash provided by financing activities | 58,452 | 54,698 |
Net increase in cash and cash equivalents | 40,213 | 31,792 |
Cash and cash equivalents, beginning of period | 31,396 | 23,556 |
Cash and cash equivalents, end of period | $ 71,609 | $ 55,348 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | 1. Basis of Presentation: Peoples Financial Corporation (the “Company”) is a one-bank holding company headquartered in Biloxi, Mississippi. The Company has two operating subsidiaries, PFC Service Corp., an inactive company, and The Peoples Bank, Biloxi, Mississippi (the “Bank”). The Bank provides a full range of banking, financial and trust services to state, county and local government entities and individuals and small and commercial businesses operating in those portions of Mississippi, Louisiana and Alabama which are within a fifty mile radius of the Waveland, Wiggins and Gautier branches, the Bank’s three most outlying locations (the “trade area”). The accompanying unaudited consolidated financial statements and notes thereto contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly, in accordance with accounting principles generally accepted in the United States of America (“GAAP”), the financial position of the Company and its subsidiaries as of March 31, 2016 and the results of their operations and their cash flows for the periods presented. The interim financial information should be read in conjunction with the annual consolidated financial statements and the notes thereto included in the Company’s 2015 Annual Report and Form 10-K. The results of operations for the quarter ended March 31, 2016, are not necessarily indicative of the results to be expected for the full year. Use of Estimates – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of other real estate acquired in connection with foreclosure or in satisfaction of loans and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income. Summary of Significant Accounting Policies – The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no material changes or developments in the application of principles or in our evaluation of the accounting estimates and the underlying assumptions or methodologies that we believe to be Critical Accounting Policies as disclosed in our Form 10-K for the year ended December 31, 2015. New Accounting Pronouncements – In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 82) In March 2016, FASB issued ASU 2016-03, Intangibles – Goodwill and Other (Topic 350); Business Combinations (Topic 805); Consolidation (Topic 810); Derivatives and Hedging (Topic 815): Effective Date and Transition Guidance. In March 2016, FASB issued ASU 2016-07, Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting |
Earnings (Loss) Per Share
Earnings (Loss) Per Share | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Earnings (Loss) Per Share | 2. Earnings (Loss) Per Share: Per share data is based on the weighted average shares of common stock outstanding of 5,123,186 for the three months ended March 31, 2016 and 2015. |
Statements of Cash Flows
Statements of Cash Flows | 3 Months Ended |
Mar. 31, 2016 | |
Supplemental Cash Flow Elements [Abstract] | |
Statements of Cash Flows | 3. Statements of Cash Flows: The Company has defined cash and cash equivalents as cash and due from banks. The Company paid $235,325 and $204,656 for the three months ended March 31, 2016 and 2015, respectively, for interest on deposits and borrowings. No income tax payments were made during the three months ended March 31, 2016 and 2015. Loans transferred to other real estate amounted to $813,589 and $5,551,393 during the three months ended March 31, 2016 and 2015, respectively. |
Investments
Investments | 3 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments | 4. Investments: The amortized cost and fair value of securities at March 31, 2016 and December 31, 2015, are as follows (in thousands): Gross Gross Unrealized Unrealized March 31, 2016 Amortized Cost Gains Losses Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 112,771 $ 434 $ (3 ) $ 113,202 U.S. Government agencies 52,887 319 (259 ) 52,947 Mortgage-backed securities 28,981 412 29,393 States and political subdivisions 20,872 862 21,734 Total debt securities 215,511 2,027 (262 ) 217,276 Equity securities 608 608 Total available for sale securities $ 216,119 $ 2,027 $ (262 ) $ 217,884 Held to maturity securities: States and political subdivisions $ 20,238 $ 323 $ (8 ) $ 20,553 Corporate bonds 1,505 (12 ) 1,493 Total held to maturity securities $ 21,743 $ 323 $ (20 ) $ 22,046 Gross Gross Unrealized Unrealized December 31, 2015 Amortized Cost Gains Losses Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 63,845 $ 20 $ (111 ) $ 63,754 U.S. Government agencies 84,849 176 (479 ) 84,546 Mortgage-backed securities 30,106 155 (131 ) 30,130 States and political subdivisions 22,833 894 23,727 Total debt securities 201,633 1,245 (721 ) 202,157 Equity securities 650 650 Total available for sale securities $ 202,283 $ 1,245 $ (721 ) $ 202,807 Held to maturity securities: States and political subdivisions $ 17,507 $ 222 $ (16 ) $ 17,713 Corporate bonds 1,518 (11 ) 1,507 Total held to maturity securities $ 19,025 $ 222 $ (27 ) $ 19,220 The amortized cost and fair value of debt securities at March 31, 2016 (in thousands), by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value Available for sale securities: Due in one year or less $ 67,807 $ 67,867 Due after one year through five years 81,725 82,627 Due after five years through ten years 25,980 26,295 Due after ten years 11,018 11,094 Mortgage-backed securities 28,981 29,393 Totals $ 215,511 $ 217,276 Held to maturity securities: Due in one year or less $ 621 $ 622 Due after one year through five years 8,505 8,570 Due after five years through ten years 7,985 8,140 Due after ten years 4,632 4,714 Totals $ 21,743 $ 22,046 Available for sale and held to maturity securities with gross unrealized losses at March 31, 2016 and December 31, 2015, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands): Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses March 31, 2016: U.S. Treasuries $ 24,996 $ 3 $ $ $ 24,996 $ 3 U.S. Government agencies 12,825 159 4,887 100 17,712 259 States and political subdivisions 1,254 7 596 1 1,850 8 Corporate bonds 1,493 12 1,493 12 TOTAL $ 40,568 $ 181 $ 5,483 $ 101 $ 46,051 $ 282 December 31, 2015: U.S. Treasuries $ 39,889 $ 111 $ $ $ 39,889 $ 111 U.S. Government agencies 14,894 87 12,581 392 27,475 479 Mortgage-backed securities 16,557 131 16,557 131 States and political subdivisions 2,225 8 1,362 8 3,587 16 Corporate bonds 1,507 11 1,507 11 TOTAL $ 75,072 $ 348 $ 13,943 $ 400 $ 89,015 $ 748 At March 31, 2016, 5 of the 24 securities issued by the U.S. Treasury, 3 of the 10 securities issued by U.S. Government agencies, 8 of the 146 securities issued by states and political subdivisions and the corporate bonds contained unrealized losses. Management evaluates securities for other-than-temporary impairment on a monthly basis. In performing this evaluation, the length of time and the extent to which the fair value has been less than cost, the fact that the Company’s securities are primarily issued by U.S. Treasury and U.S. Government Agencies and the cause of the decline in value are considered. In addition, the Company does not intend to sell and it is not more likely than not that it will be required to sell these securities before maturity. While some available for sale securities have been sold for liquidity purposes or for gains, the Company has traditionally held its securities, including those classified as available for sale, until maturity. As a result of the evaluation of these securities, the Company has determined that the unrealized losses summarized in the tables above are not deemed to be other-than-temporary. Proceeds from sales and calls of available for sale debt securities were $19,590,781 during the three months ended March 31, 2016. Available for sale debt securities were sold or called for a realized gain of $72,333 for the three months ended March 31, 2016. There were no sales or calls of available for sale debt securities for the three months ended March 31, 2015. Securities with a fair value of $205,888,934 and $168,724,920 at March 31, 2016 and December 31, 2015, respectively, were pledged to secure public deposits, federal funds purchased and other balances required by law. |
Loans
Loans | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Loans | 5. Loans: The composition of the loan portfolio at March 31, 2016 and December 31, 2015, is as follows (in thousands): March 31, 2016 December 31, 2015 Gaming $ 31,492 $ 31,655 Residential and land development 919 933 Real estate, construction 35,449 35,414 Real estate, mortgage 220,878 219,925 Commercial and industrial 41,934 42,480 Other 7,239 7,150 Total $ 337,911 $ 337,557 The age analysis of the loan portfolio, segregated by class of loans, as of March 31, 2016 and December 31, 2015, is as follows (in thousands): Loans Past Number of Days Past Due Than 90 Greater Total Total Days & 30 - 59 60 - 89 Than 90 Past Due Current Loans Still Accruing March 31, 2016: Gaming $ $ $ $ $ 31,492 $ 31,492 $ Residential and land development 309 309 610 919 Real estate, construction 1,113 995 2,108 33,341 35,449 Real estate, mortgage 8,564 2,599 1,962 13,125 207,753 220,878 103 Commercial and industrial 1,555 743 2,298 39,636 41,934 Other 66 3 76 145 7,094 7,239 76 Total $ 11,298 $ 2,602 $ 4,085 $ 17,985 $ 319,926 $ 337,911 $ 179 December 31, 2015: Gaming $ $ $ $ $ 31,655 $ 31,655 $ Residential and land development 323 323 610 933 Real estate, construction 851 448 1,346 2,645 32,769 35,414 Real estate, mortgage 7,094 3,673 1,352 12,119 207,806 219,925 146 Commercial and industrial 1,206 31 237 1,474 41,006 42,480 Other 67 67 7,083 7,150 Total $ 9,218 $ 4,152 $ 3,258 $ 16,628 $ 320,929 $ 337,557 $ 146 The Company monitors the credit quality of its loan portfolio through the use of a loan grading system. A score of 1 – 5 is assigned to the loan based on factors including repayment ability, trends in net worth and/or financial condition of the borrower and guarantors, employment stability, management ability, loan to value fluctuations, the type and structure of the loan, conformity of the loan to bank policy and payment performance. Based on the total score, a loan grade of A, B, C, S, D, E or F is applied. A grade of A will generally be applied to loans for customers that are well known to the Company and that have excellent sources of repayment. A grade of B will generally be applied to loans for customers that have excellent sources of repayment which have no identifiable risk of collection. A grade of C will generally be applied to loans for customers that have adequate sources of repayment which have little identifiable risk of collection. A grade of S will generally be applied to loans for customers who meet the criteria for a grade of C but who also warrant additional monitoring by placement on the watch list. A grade of D will generally be applied to loans for customers that are inadequately protected by current sound net worth, paying capacity of the borrower, or pledged collateral. Loans with a grade of D have unsatisfactory characteristics such as cash flow deficiencies, bankruptcy filing by the borrower or dependence on the sale of collateral for the primary source of repayment, causing more than acceptable levels of risk. Loans 60 to 89 days past due receive a grade of D. A grade of E will generally be applied to loans for customers with weaknesses inherent in the “D” classification and in which collection or liquidation in full is questionable. In addition, on a monthly basis the Company determines which loans are 90 days or more past due and assigns a grade of E to them. A grade of F is applied to loans which are considered uncollectible and of such little value that their continuance in an active bank is not warranted. Loans with this grade are charged off, even though partial or full recovery may be possible in the future. An analysis of the loan portfolio by loan grade, segregated by class of loans, as of March 31, 2016 and December 31, 2015, is as follows (in thousands): Loans With A Grade Of: A, B or C S D E F Total March 31, 2016: Gaming $ 31,492 $ $ $ $ $ 31,492 Residential and land development 610 309 919 Real estate, construction 32,514 725 2,210 35,449 Real estate, mortgage 168,381 16,541 23,019 12,937 220,878 Commercial and industrial 24,469 15,007 1,326 1,132 41,934 Other 7,121 1 117 7,239 Total $ 264,587 $ 31,549 $ 25,187 $ 16,588 $ $ 337,911 December 31, 2015: Gaming $ 31,655 $ $ $ $ $ 31,655 Residential and land development 610 323 933 Real estate, construction 31,935 883 2,596 35,414 Real estate, mortgage 167,286 16,678 23,686 12,275 219,925 Commercial and industrial 24,466 15,007 2,368 639 42,480 Other 7,114 1 35 7,150 Total $ 263,066 $ 31,686 $ 26,972 $ 15,833 $ $ 337,557 A loan may be impaired but not on nonaccrual status when the loan is well secured and in the process of collection. Total loans on nonaccrual as of March 31, 2016 and December 31, 2015, are as follows (in thousands): March 31, 2016 December 31, 2015 Residential and land development $ 309 $ 323 Real estate, construction 2,137 2,523 Real estate, mortgage 11,924 11,759 Commercial and industrial 1,078 581 Total $ 15,448 $ 15,186 The Company has modified certain loans by granting interest rate concessions to these customers. These loans are in compliance with their modified terms, are currently accruing and the Company has classified them as troubled debt restructurings. Troubled debt restructurings as of March 31, 2016 and December 31, 2015 were as follows (in thousands except for number of contracts): Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Related Contracts Investment Investment Allowance March 31, 2016: Real estate, mortgage 3 $ 1,216 $ 1,216 $ 107 Total 3 $ 1,216 $ 1,216 $ 107 December 31, 2015: Real estate, mortgage 3 $ 1,232 $ 1,232 $ 107 Total 3 $ 1,232 $ 1,232 $ 107 Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of March 31, 2016 and December 31, 2015, are as follows (in thousands): Unpaid Recorded Related Average Interest March 31, 2016: With no related allowance recorded: Real estate, construction $ 1,933 $ 1,458 $ $ 1,510 $ Real estate, mortgage 9,693 8,937 8,734 8 Commercial and industrial 1,116 1,078 742 Total 12,742 11,473 10,986 8 With a related allowance recorded: Residential and land development 309 309 109 318 Real estate, construction 812 679 250 680 Real estate, mortgage 4,203 4,203 1,539 4,215 7 Total 5,324 5,191 1,898 5,213 7 Total by class of loans: Residential and land development 309 309 109 318 Real estate, construction 2,745 2,137 250 2,190 Real estate, mortgage 13,896 13,140 1,539 12,949 15 Commercial and industrial 1,116 1,078 742 Total $ 18,066 $ 16,664 $ 1,898 $ 16,199 $ 15 Unpaid Recorded Related Average Interest December 31, 2015: With no related allowance recorded: Real estate, construction $ 2,228 $ 1,842 $ $ 1,878 $ Real estate, mortgage 9,771 9,014 9,175 21 Commercial and industrial 619 581 653 Total 12,618 11,437 11,706 21 With a related allowance recorded: Residential and land development 323 323 109 343 Real estate, construction 814 681 252 780 Real estate, mortgage 3,977 3,977 1,443 3,920 18 Total 5,114 4,981 1,804 5,043 18 Total by class of loans: Residential and land development 323 323 109 343 Real estate, construction 3,042 2,523 252 2,658 Real estate, mortgage 13,748 12,991 1,443 13,095 39 Commercial and industrial 619 581 653 Total $ 17,732 $ 16,418 $ 1,804 $ 16,749 $ 39 |
Allowance for Loan Losses
Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2016 | |
Valuation and Qualifying Accounts [Abstract] | |
Allowance for Loan Losses | 6. Allowance for Loan Losses: Transactions in the allowance for loan losses for the three months ended March 31, 2016 and 2015, and the balances of loans, individually and collectively evaluated for impairment, as of March 31, 2016 and 2015, are as follows (in thousands): Gaming Residential Real Estate, Real Commercial Other Total For the Quarter Ended March 31, 2016: Allowance for Loan Losses: Beginning Balance $ 582 $ 189 $ 589 $ 5,382 $ 1,075 $ 253 $ 8,070 Charge-offs (89 ) (15 ) (509 ) (50 ) (663 ) Recoveries 1 7 15 21 44 Provision (15 ) 6 (49 ) 40 105 26 113 Ending Balance $ 567 $ 195 $ 452 $ 5,414 $ 686 $ 250 $ 7,564 Allowance for loan losses, March 31, 2016: Ending balance: individually evaluated for impairment $ $ 109 $ 391 $ 1,829 $ 130 $ 3 $ 2,462 Ending balance: collectively evaluated for impairment $ 567 $ 86 $ 61 $ 3,585 $ 556 $ 247 $ 5,102 Total Loans, March 31, 2016: Ending balance: individually evaluated for impairment $ $ 309 $ 2,935 $ 35,956 $ 2,458 $ 117 $ 41,775 Ending balance: collectively evaluated for impairment $ 31,492 $ 610 $ 32,514 $ 184,922 $ 39,476 $ 7,122 $ 296,136 Gaming Residential Real Estate, Real Commercial Other Total For the Quarter Ended March 31, 2015: Allowance for Loan Losses: Beginning Balance $ 573 $ 251 $ 860 $ 6,609 $ 587 $ 326 $ 9,206 Charge-offs (97 ) (83 ) (24 ) (60 ) (264 ) Recoveries 7 10 40 57 Provision (36 ) 817 (17 ) 134 68 20 986 Ending Balance $ 537 $ 1,068 $ 746 $ 6,667 $ 641 $ 326 $ 9,985 Allowance for loan losses, March 31, 2015: Ending balance: individually evaluated for impairment $ $ 894 $ 687 $ 2,922 $ 264 $ 12 $ 4,779 Ending balance: collectively evaluated for impairment $ 537 $ 174 $ 59 $ 3,745 $ 377 $ 314 $ 5,206 Total Loans, March 31, 2015: Ending balance: individually evaluated for impairment $ $ 5,436 $ 5,546 $ 38,574 $ 1,852 $ 31 $ 51,439 Ending balance: collectively evaluated for impairment $ 29,760 $ 650 $ 32,130 $ 200,921 $ 43,251 $ 13,440 $ 320,152 |
Deposits
Deposits | 3 Months Ended |
Mar. 31, 2016 | |
Banking and Thrift [Abstract] | |
Deposits | 7. Deposits: Time deposits of $100,000 or more at March 31, 2016 and December 31, 2015 include brokered deposits of $5,000,000, which mature in 2017. Time deposits of $250,000 or more totaled approximately $24,938,000 and $24,090,000 at March 31, 2016 and December 31, 2015, respectively. |
Fair Value Measurements and Dis
Fair Value Measurements and Disclosures | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements and Disclosures | 8. Fair Value Measurements and Disclosures: The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Available for sale securities are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record other assets at fair value on a non-recurring basis, such as impaired loans and ORE. These non-recurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Additionally, the Company is required to disclose, but not record, the fair value of other financial instruments. Fair Value Hierarchy The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2—Valuation is based upon quoted market prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3—Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of option pricing models, discounted cash flow models and similar techniques. Following is a description of valuation methodologies used to determine the fair value of financial assets and liabilities. Cash and Due from Banks The carrying amount shown as cash and due from banks approximates fair value. Available for Sale Securities The fair value of available for sale securities is based on quoted market prices. The Company’s available for sale securities are reported at their estimated fair value, which is determined utilizing several sources. The primary source is Interactive Data Corporation, which utilizes pricing models that vary based on asset class and include available trade, bid and other market information and whose methodology includes broker quotes, proprietary models and vast descriptive databases. Another source for determining fair value is matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark securities. The Company’s available for sale securities for which fair value is determined through the use of such pricing models and matrix pricing are classified as Level 2 assets. If the fair value of available for sale securities is generated through model-based techniques, including the discounting of estimated cash flows, such securities are classified as Level 3 assets. Held to Maturity Securities The fair value of held to maturity securities is based on quoted market prices. Other Investments The carrying amount shown as other investments approximates fair value. Federal Home Loan Bank Stock The carrying amount shown as Federal Home Loan Bank Stock approximates fair value. Loans The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings for the remaining maturities. The cash flows considered in computing the fair value of such loans are segmented into categories relating to the nature of the contract and collateral based on contractual principal maturities. Appropriate adjustments are made to reflect probable credit losses. Cash flows have not been adjusted for such factors as prepayment risk or the effect of the maturity of balloon notes. The fair value of floating rate loans is estimated to be its carrying value. At each reporting period, the Company determines which loans are impaired. Accordingly, the Company’s impaired loans are reported at their estimated fair value on a non-recurring basis. An allowance for each impaired loan, which are generally collateral-dependent, is calculated based on the fair value of its collateral. The fair value of the collateral is based on appraisals performed by third-party valuation specialists. Factors including the assumptions and techniques utilized by the appraiser are considered by Management. If the recorded investment in the impaired loan exceeds the measure of fair value of the collateral, a valuation allowance is recorded as a component of the allowance for loan losses. Impaired loans are non-recurring Level 3 assets. Other Real Estate In the course of lending operations, Management may determine that it is necessary to foreclose on the related collateral. Other real estate acquired through foreclosure is carried at fair value, less estimated costs to sell. The fair value of the collateral is based on appraisals performed by third-party valuation specialists. Factors including the assumptions and techniques utilized by the appraiser are considered by Management. If the current appraisal is more than one year old and/or the loan balance is more than $200,000, a new appraisal is obtained. Otherwise, the Bank’s in-house property evaluator and Management will determine the fair value of the collateral, based on comparable sales, market conditions, Management’s plans for disposition and other estimates of fair value obtained from principally independent sources, adjusted for estimated selling costs. Other real estate is a non-recurring Level 3 asset. Cash Surrender Value of Life Insurance The carrying amount of cash surrender value of bank-owned life insurance approximates fair value. Deposits The fair value of non-interest bearing demand and interest bearing savings and demand deposits is the amount reported in the financial statements. The fair value of time deposits is estimated by discounting the cash flows using current rates of time deposits with similar remaining maturities. The cash flows considered in computing the fair value of such deposits are based on contractual maturities, since approximately 98% of time deposits provide for automatic renewal at current interest rates. Borrowings from Federal Home Loan Bank The fair value of Federal Home Loan Bank (“FHLB”) fixed rate borrowings is estimated using discounted cash flows based on current incremental borrowing rates for similar types of borrowing arrangements. The fair value of FHLB variable rate borrowings is estimated to be its carrying value. The balances of available for sale securities, which are the only assets measured at fair value on a recurring basis, by level within the fair value hierarchy and by investment type, as of March 31, 2016 and December 31, 2015 are as follows (in thousands): Fair Value Measurements Using Total Level 1 Level 2 Level 3 March 31, 2016: U.S. Treasuries $ 113,202 $ $ 113,202 $ U.S. Government agencies 52,947 52,947 Mortgage-backed securities 29,393 29,393 States and political subdivisions 21,734 21,554 180 Equity securities 608 608 Total $ 217,884 $ $ 217,704 $ 180 December 31, 2015: U.S. Treasuries $ 63,754 $ $ 63,754 $ U.S. Government agencies 84,546 84,546 Mortgage-backed securities 30,130 30,130 States and political subdivisions 23,727 23,547 180 Equity securities 650 650 Total $ 202,807 $ $ 202,627 $ 180 Impaired loans, which are measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of March 31, 2016 and December 31, 2015 are as follows (in thousands): Fair Value Measurements Using Total Level 1 Level 2 Level 3 March 31, 2016 $ 7,752 $ $ $ 7,752 December 31, 2015 7,811 7,811 Other real estate, which is measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of March 31, 2016 and December 31, 2015 are as follows (in thousands): Fair Value Measurements Using Total Level 1 Level 2 Level 3 March 31, 2016 $ 9,840 $ $ $ 9,840 December 31, 2015 9,916 9,916 The following table presents a summary of changes in the fair value of other real estate which is measured using level 3 inputs (in thousands): For the Three For the Year Months Ended Ended March 31, 2016 December 31, 2015 Balance, beginning of period $ 9,916 $ 7,646 Loans transferred to ORE 814 7,502 Sales (535 ) (4,295 ) Writedowns (355 ) (937 ) Balance, end of period $ 9,840 $ 9,916 The carrying value and estimated fair value of financial instruments, by level within the fair value hierarchy, at March 31, 2016 and December 31, 2015, are as follows (in thousands): Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total March 31, 2016: Financial Assets: Cash and due from banks $ 71,609 $ 71,609 $ $ $ 71,609 Available for sale securities 217,884 217,704 180 217,884 Held to maturity securities 21,743 22,046 22,046 Other investments 2,713 2,713 2,713 Federal Home Loan Bank stock 1,642 1,642 1,642 Loans, net 330,347 333,880 333,880 Other real estate 9,840 9,840 9,840 Cash surrender value of life insurance 18,884 18,884 18,884 Financial Liabilities: Deposits: Non-interest bearing 130,617 130,617 130,617 Interest bearing 450,618 450,891 450,891 Borrowings from Federal Home Loan Bank 8,333 9,857 9,857 December 31, 2015: Financial Assets: Cash and due from banks $ 31,396 $ 31,396 $ $ $ 31,396 Available for sale securities 202,807 202,627 180 202,807 Held to maturity securities 19,025 19,220 19,220 Other investments 2,744 2,744 2,744 Federal Home Loan Bank stock 1,637 1,637 1,637 Loans, net 329,487 331,026 331,026 Other real estate 9,916 9,916 9,916 Cash surrender value of life insurance 18,735 18,735 18,735 Financial Liabilities: Deposits: Non-interest bearing 122,743 122,743 122,743 Interest bearing 389,964 390,205 390,205 Borrowings from Federal Home Loan Bank 18,409 19,731 19,731 |
Reclassifications
Reclassifications | 3 Months Ended |
Mar. 31, 2016 | |
Equity [Abstract] | |
Reclassifications | 9. Reclassifications: Certain reclassifications, which had no effect on prior year net income, have been made to prior period statements to conform to current year presentation. |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Use of Estimates | Use of Estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of other real estate acquired in connection with foreclosure or in satisfaction of loans and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income. |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies - The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no material changes or developments in the application of principles or in our evaluation of the accounting estimates and the underlying assumptions or methodologies that we believe to be Critical Accounting Policies as disclosed in our Form 10-K for the year ended December 31, 2015. |
New Accounting Pronouncements | New Accounting Pronouncements – In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 82) In March 2016, FASB issued ASU 2016-03, Intangibles – Goodwill and Other (Topic 350); Business Combinations (Topic 805); Consolidation (Topic 810); Derivatives and Hedging (Topic 815): Effective Date and Transition Guidance. In March 2016, FASB issued ASU 2016-07, Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting |
Investments (Tables)
Investments (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Fair Value of Securities | The amortized cost and fair value of securities at March 31, 2016 and December 31, 2015, are as follows (in thousands): Gross Gross Unrealized Unrealized March 31, 2016 Amortized Cost Gains Losses Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 112,771 $ 434 $ (3 ) $ 113,202 U.S. Government agencies 52,887 319 (259 ) 52,947 Mortgage-backed securities 28,981 412 29,393 States and political subdivisions 20,872 862 21,734 Total debt securities 215,511 2,027 (262 ) 217,276 Equity securities 608 608 Total available for sale securities $ 216,119 $ 2,027 $ (262 ) $ 217,884 Held to maturity securities: States and political subdivisions $ 20,238 $ 323 $ (8 ) $ 20,553 Corporate bonds 1,505 (12 ) 1,493 Total held to maturity securities $ 21,743 $ 323 $ (20 ) $ 22,046 Gross Gross Unrealized Unrealized December 31, 2015 Amortized Cost Gains Losses Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 63,845 $ 20 $ (111 ) $ 63,754 U.S. Government agencies 84,849 176 (479 ) 84,546 Mortgage-backed securities 30,106 155 (131 ) 30,130 States and political subdivisions 22,833 894 23,727 Total debt securities 201,633 1,245 (721 ) 202,157 Equity securities 650 650 Total available for sale securities $ 202,283 $ 1,245 $ (721 ) $ 202,807 Held to maturity securities: States and political subdivisions $ 17,507 $ 222 $ (16 ) $ 17,713 Corporate bonds 1,518 (11 ) 1,507 Total held to maturity securities $ 19,025 $ 222 $ (27 ) $ 19,220 |
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity | The amortized cost and fair value of debt securities at March 31, 2016 (in thousands), by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value Available for sale securities: Due in one year or less $ 67,807 $ 67,867 Due after one year through five years 81,725 82,627 Due after five years through ten years 25,980 26,295 Due after ten years 11,018 11,094 Mortgage-backed securities 28,981 29,393 Totals $ 215,511 $ 217,276 Held to maturity securities: Due in one year or less $ 621 $ 622 Due after one year through five years 8,505 8,570 Due after five years through ten years 7,985 8,140 Due after ten years 4,632 4,714 Totals $ 21,743 $ 22,046 |
Available for Sale and Held to Maturity Securities with Gross Unrealized Losses | Available for sale and held to maturity securities with gross unrealized losses at March 31, 2016 and December 31, 2015, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands): Less Than Twelve Months Over Twelve Months Total Gross Gross Gross Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses March 31, 2016: U.S. Treasuries $ 24,996 $ 3 $ $ $ 24,996 $ 3 U.S. Government agencies 12,825 159 4,887 100 17,712 259 States and political subdivisions 1,254 7 596 1 1,850 8 Corporate bonds 1,493 12 1,493 12 TOTAL $ 40,568 $ 181 $ 5,483 $ 101 $ 46,051 $ 282 December 31, 2015: U.S. Treasuries $ 39,889 $ 111 $ $ $ 39,889 $ 111 U.S. Government agencies 14,894 87 12,581 392 27,475 479 Mortgage-backed securities 16,557 131 16,557 131 States and political subdivisions 2,225 8 1,362 8 3,587 16 Corporate bonds 1,507 11 1,507 11 TOTAL $ 75,072 $ 348 $ 13,943 $ 400 $ 89,015 $ 748 |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Composition of Loan Portfolio | The composition of the loan portfolio at March 31, 2016 and December 31, 2015, is as follows (in thousands): March 31, 2016 December 31, 2015 Gaming $ 31,492 $ 31,655 Residential and land development 919 933 Real estate, construction 35,449 35,414 Real estate, mortgage 220,878 219,925 Commercial and industrial 41,934 42,480 Other 7,239 7,150 Total $ 337,911 $ 337,557 |
Age Analysis of Loan Portfolio, Segregated by Class of Loans | The age analysis of the loan portfolio, segregated by class of loans, as of March 31, 2016 and December 31, 2015, is as follows (in thousands): Loans Past Number of Days Past Due Than 90 Greater Total Total Days & 30 - 59 60 - 89 Than 90 Past Due Current Loans Still Accruing March 31, 2016: Gaming $ $ $ $ $ 31,492 $ 31,492 $ Residential and land development 309 309 610 919 Real estate, construction 1,113 995 2,108 33,341 35,449 Real estate, mortgage 8,564 2,599 1,962 13,125 207,753 220,878 103 Commercial and industrial 1,555 743 2,298 39,636 41,934 Other 66 3 76 145 7,094 7,239 76 Total $ 11,298 $ 2,602 $ 4,085 $ 17,985 $ 319,926 $ 337,911 $ 179 December 31, 2015: Gaming $ $ $ $ $ 31,655 $ 31,655 $ Residential and land development 323 323 610 933 Real estate, construction 851 448 1,346 2,645 32,769 35,414 Real estate, mortgage 7,094 3,673 1,352 12,119 207,806 219,925 146 Commercial and industrial 1,206 31 237 1,474 41,006 42,480 Other 67 67 7,083 7,150 Total $ 9,218 $ 4,152 $ 3,258 $ 16,628 $ 320,929 $ 337,557 $ 146 |
Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans | An analysis of the loan portfolio by loan grade, segregated by class of loans, as of March 31, 2016 and December 31, 2015, is as follows (in thousands): Loans With A Grade Of: A, B or C S D E F Total March 31, 2016: Gaming $ 31,492 $ $ $ $ $ 31,492 Residential and land development 610 309 919 Real estate, construction 32,514 725 2,210 35,449 Real estate, mortgage 168,381 16,541 23,019 12,937 220,878 Commercial and industrial 24,469 15,007 1,326 1,132 41,934 Other 7,121 1 117 7,239 Total $ 264,587 $ 31,549 $ 25,187 $ 16,588 $ $ 337,911 December 31, 2015: Gaming $ 31,655 $ $ $ $ $ 31,655 Residential and land development 610 323 933 Real estate, construction 31,935 883 2,596 35,414 Real estate, mortgage 167,286 16,678 23,686 12,275 219,925 Commercial and industrial 24,466 15,007 2,368 639 42,480 Other 7,114 1 35 7,150 Total $ 263,066 $ 31,686 $ 26,972 $ 15,833 $ $ 337,557 |
Total Loans on Nonaccrual | Total loans on nonaccrual as of March 31, 2016 and December 31, 2015, are as follows (in thousands): March 31, 2016 December 31, 2015 Residential and land development $ 309 $ 323 Real estate, construction 2,137 2,523 Real estate, mortgage 11,924 11,759 Commercial and industrial 1,078 581 Total $ 15,448 $ 15,186 |
Troubled Debt Restructurings | The Company has modified certain loans by granting interest rate concessions to these customers. These loans are in compliance with their modified terms, are currently accruing and the Company has classified them as troubled debt restructurings. Troubled debt restructurings as of March 31, 2016 and December 31, 2015 were as follows (in thousands except for number of contracts): Pre-Modification Post-Modification Outstanding Outstanding Number of Recorded Recorded Related Contracts Investment Investment Allowance March 31, 2016: Real estate, mortgage 3 $ 1,216 $ 1,216 $ 107 Total 3 $ 1,216 $ 1,216 $ 107 December 31, 2015: Real estate, mortgage 3 $ 1,232 $ 1,232 $ 107 Total 3 $ 1,232 $ 1,232 $ 107 |
Impaired Loans, Segregated by Class of Loans | Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of March 31, 2016 and December 31, 2015, are as follows (in thousands): Unpaid Recorded Related Average Interest March 31, 2016: With no related allowance recorded: Real estate, construction $ 1,933 $ 1,458 $ $ 1,510 $ Real estate, mortgage 9,693 8,937 8,734 8 Commercial and industrial 1,116 1,078 742 Total 12,742 11,473 10,986 8 With a related allowance recorded: Residential and land development 309 309 109 318 Real estate, construction 812 679 250 680 Real estate, mortgage 4,203 4,203 1,539 4,215 7 Total 5,324 5,191 1,898 5,213 7 Total by class of loans: Residential and land development 309 309 109 318 Real estate, construction 2,745 2,137 250 2,190 Real estate, mortgage 13,896 13,140 1,539 12,949 15 Commercial and industrial 1,116 1,078 742 Total $ 18,066 $ 16,664 $ 1,898 $ 16,199 $ 15 Unpaid Recorded Related Average Interest December 31, 2015: With no related allowance recorded: Real estate, construction $ 2,228 $ 1,842 $ $ 1,878 $ Real estate, mortgage 9,771 9,014 9,175 21 Commercial and industrial 619 581 653 Total 12,618 11,437 11,706 21 With a related allowance recorded: Residential and land development 323 323 109 343 Real estate, construction 814 681 252 780 Real estate, mortgage 3,977 3,977 1,443 3,920 18 Total 5,114 4,981 1,804 5,043 18 Total by class of loans: Residential and land development 323 323 109 343 Real estate, construction 3,042 2,523 252 2,658 Real estate, mortgage 13,748 12,991 1,443 13,095 39 Commercial and industrial 619 581 653 Total $ 17,732 $ 16,418 $ 1,804 $ 16,749 $ 39 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Valuation and Qualifying Accounts [Abstract] | |
Transactions in Allowance for Loan Losses | Transactions in the allowance for loan losses for the three months ended March 31, 2016 and 2015, and the balances of loans, individually and collectively evaluated for impairment, as of March 31, 2016 and 2015, are as follows (in thousands): Gaming Residential Real Estate, Real Commercial Other Total For the Quarter Ended March 31, 2016: Allowance for Loan Losses: Beginning Balance $ 582 $ 189 $ 589 $ 5,382 $ 1,075 $ 253 $ 8,070 Charge-offs (89 ) (15 ) (509 ) (50 ) (663 ) Recoveries 1 7 15 21 44 Provision (15 ) 6 (49 ) 40 105 26 113 Ending Balance $ 567 $ 195 $ 452 $ 5,414 $ 686 $ 250 $ 7,564 Allowance for loan losses, March 31, 2016: Ending balance: individually evaluated for impairment $ $ 109 $ 391 $ 1,829 $ 130 $ 3 $ 2,462 Ending balance: collectively evaluated for impairment $ 567 $ 86 $ 61 $ 3,585 $ 556 $ 247 $ 5,102 Total Loans, March 31, 2016: Ending balance: individually evaluated for impairment $ $ 309 $ 2,935 $ 35,956 $ 2,458 $ 117 $ 41,775 Ending balance: collectively evaluated for impairment $ 31,492 $ 610 $ 32,514 $ 184,922 $ 39,476 $ 7,122 $ 296,136 Gaming Residential Real Estate, Real Commercial Other Total For the Quarter Ended March 31, 2015: Allowance for Loan Losses: Beginning Balance $ 573 $ 251 $ 860 $ 6,609 $ 587 $ 326 $ 9,206 Charge-offs (97 ) (83 ) (24 ) (60 ) (264 ) Recoveries 7 10 40 57 Provision (36 ) 817 (17 ) 134 68 20 986 Ending Balance $ 537 $ 1,068 $ 746 $ 6,667 $ 641 $ 326 $ 9,985 Allowance for loan losses, March 31, 2015: Ending balance: individually evaluated for impairment $ $ 894 $ 687 $ 2,922 $ 264 $ 12 $ 4,779 Ending balance: collectively evaluated for impairment $ 537 $ 174 $ 59 $ 3,745 $ 377 $ 314 $ 5,206 Total Loans, March 31, 2015: Ending balance: individually evaluated for impairment $ $ 5,436 $ 5,546 $ 38,574 $ 1,852 $ 31 $ 51,439 Ending balance: collectively evaluated for impairment $ 29,760 $ 650 $ 32,130 $ 200,921 $ 43,251 $ 13,440 $ 320,152 |
Fair Value Measurements and D21
Fair Value Measurements and Disclosures (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Assets Measured at Fair Value on a Recurring Basis | The balances of available for sale securities, which are the only assets measured at fair value on a recurring basis, by level within the fair value hierarchy and by investment type, as of March 31, 2016 and December 31, 2015 are as follows (in thousands): Fair Value Measurements Using Total Level 1 Level 2 Level 3 March 31, 2016: U.S. Treasuries $ 113,202 $ $ 113,202 $ U.S. Government agencies 52,947 52,947 Mortgage-backed securities 29,393 29,393 States and political subdivisions 21,734 21,554 180 Equity securities 608 608 Total $ 217,884 $ $ 217,704 $ 180 December 31, 2015: U.S. Treasuries $ 63,754 $ $ 63,754 $ U.S. Government agencies 84,546 84,546 Mortgage-backed securities 30,130 30,130 States and political subdivisions 23,727 23,547 180 Equity securities 650 650 Total $ 202,807 $ $ 202,627 $ 180 |
Carrying Value and Estimated Fair Value of Financial Instruments | The carrying value and estimated fair value of financial instruments, by level within the fair value hierarchy, at March 31, 2016 and December 31, 2015, are as follows (in thousands): Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total March 31, 2016: Financial Assets: Cash and due from banks $ 71,609 $ 71,609 $ $ $ 71,609 Available for sale securities 217,884 217,704 180 217,884 Held to maturity securities 21,743 22,046 22,046 Other investments 2,713 2,713 2,713 Federal Home Loan Bank stock 1,642 1,642 1,642 Loans, net 330,347 333,880 333,880 Other real estate 9,840 9,840 9,840 Cash surrender value of life insurance 18,884 18,884 18,884 Financial Liabilities: Deposits: Non-interest bearing 130,617 130,617 130,617 Interest bearing 450,618 450,891 450,891 Borrowings from Federal Home Loan Bank 8,333 9,857 9,857 December 31, 2015: Financial Assets: Cash and due from banks $ 31,396 $ 31,396 $ $ $ 31,396 Available for sale securities 202,807 202,627 180 202,807 Held to maturity securities 19,025 19,220 19,220 Other investments 2,744 2,744 2,744 Federal Home Loan Bank stock 1,637 1,637 1,637 Loans, net 329,487 331,026 331,026 Other real estate 9,916 9,916 9,916 Cash surrender value of life insurance 18,735 18,735 18,735 Financial Liabilities: Deposits: Non-interest bearing 122,743 122,743 122,743 Interest bearing 389,964 390,205 390,205 Borrowings from Federal Home Loan Bank 18,409 19,731 19,731 |
Impaired Loans [Member] | |
Assets Measured at Fair Value on a Non-Recurring Basis | Impaired loans, which are measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of March 31, 2016 and December 31, 2015 are as follows (in thousands): Fair Value Measurements Using Total Level 1 Level 2 Level 3 March 31, 2016 $ 7,752 $ $ $ 7,752 December 31, 2015 7,811 7,811 |
Other Real Estate [Member] | |
Assets Measured at Fair Value on a Non-Recurring Basis | Other real estate, which is measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of March 31, 2016 and December 31, 2015 are as follows (in thousands): Fair Value Measurements Using Total Level 1 Level 2 Level 3 March 31, 2016 $ 9,840 $ $ $ 9,840 December 31, 2015 9,916 9,916 |
Changes in Fair Value | The following table presents a summary of changes in the fair value of other real estate which is measured using level 3 inputs (in thousands): For the Three For the Year Months Ended Ended March 31, 2016 December 31, 2015 Balance, beginning of period $ 9,916 $ 7,646 Loans transferred to ORE 814 7,502 Sales (535 ) (4,295 ) Writedowns (355 ) (937 ) Balance, end of period $ 9,840 $ 9,916 |
Basis of Presentation - Additio
Basis of Presentation - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2016Subsidiary | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Number of operating subsidiaries | 2 |
Earnings (Loss) Per Share - Add
Earnings (Loss) Per Share - Additional Information (Detail) - shares | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] | ||
Shares of common stock outstanding | 5,123,186 | 5,123,186 |
Statements of Cash Flows - Addi
Statements of Cash Flows - Additional Information (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Supplemental Cash Flow Elements [Abstract] | ||
Interest on deposits and borrowings | $ 235,325 | $ 204,656 |
Income tax payments | 0 | 0 |
Loans transferred to other real estate | $ 813,589 | $ 5,551,393 |
Investments - Amortized Cost an
Investments - Amortized Cost and Fair Value of Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | $ 215,511 | $ 201,633 |
Equity securities, amortized cost | 608 | 650 |
Total available for sale securities, amortized cost | 216,119 | 202,283 |
Total debt securities, gross unrealized gains | 2,027 | 1,245 |
Equity securities, gross unrealized gains | 0 | 0 |
Total available for sale securities, gross unrealized gains | 2,027 | 1,245 |
Total debt securities, gross unrealized losses | (262) | (721) |
Equity securities, gross unrealized losses | 0 | 0 |
Total available for sale securities, gross unrealized losses | (262) | (721) |
Total debt securities, fair value | 217,276 | 202,157 |
Equity securities, fair value | 608 | 650 |
Total available for sale securities, fair value | 217,884 | 202,807 |
Held to maturity securities, Amortized Cost | 21,743 | 19,025 |
Held to maturity securities, Gross Unrealized Gains | 323 | 222 |
Held to maturity securities, Gross Unrealized Losses | (20) | (27) |
Held to maturity securities, fair value | 22,046 | 19,220 |
States and Political Subdivisions [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 20,872 | 22,833 |
Total debt securities, gross unrealized gains | 862 | 894 |
Total debt securities, fair value | 21,734 | 23,727 |
Held to maturity securities, Amortized Cost | 20,238 | 17,507 |
Held to maturity securities, Gross Unrealized Gains | 323 | 222 |
Held to maturity securities, Gross Unrealized Losses | (8) | (16) |
Held to maturity securities, fair value | 20,553 | 17,713 |
U.S. Treasuries [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 112,771 | 63,845 |
Total debt securities, gross unrealized gains | 434 | 20 |
Total debt securities, gross unrealized losses | (3) | (111) |
Total debt securities, fair value | 113,202 | 63,754 |
U.S. Government Agencies [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 52,887 | 84,849 |
Total debt securities, gross unrealized gains | 319 | 176 |
Total debt securities, gross unrealized losses | (259) | (479) |
Total debt securities, fair value | 52,947 | 84,546 |
Mortgage-backed Securities [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 28,981 | 30,106 |
Total debt securities, gross unrealized gains | 412 | 155 |
Total debt securities, gross unrealized losses | (131) | |
Total debt securities, fair value | 29,393 | 30,130 |
Corporate bonds [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Held to maturity securities, Amortized Cost | 1,505 | 1,518 |
Held to maturity securities, Gross Unrealized Losses | (12) | (11) |
Held to maturity securities, fair value | $ 1,493 | $ 1,507 |
Investments - Amortized Cost 26
Investments - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Available for sale securities: | ||
Available for sale securities, Due in one year or less, Amortized Cost | $ 67,807 | |
Available for sale securities, Due after one year through five years, Amortized Cost | 81,725 | |
Available for sale securities, Due after five year through ten years, Amortized Cost | 25,980 | |
Available for sale securities, Due after ten years, Amortized Cost | 11,018 | |
Available for sale securities, Mortgage-backed securities, Amortized Cost | 28,981 | |
Total available for sale debt securities, Amortized Cost | 215,511 | $ 201,633 |
Available for sale securities, Due in one year or less, Fair Value | 67,867 | |
Available for sale securities, Due after one year through five years, Fair Value | 82,627 | |
Available for sale securities, Due after five years through ten years, Fair Value | 26,295 | |
Available for sale securities, Due after ten years, Fair Value | 11,094 | |
Available for sale securities, Mortgage-backed securities, Fair value | 29,393 | |
Total available for sale debt securities, Fair Value | 217,276 | 202,157 |
Held to maturity securities: | ||
Held to maturity securities, Due in one year or less, Amortized Cost | 621 | |
Held to maturity securities, Due after one year through five years, Amortized Cost | 8,505 | |
Held to maturity securities, Due after five years through ten years, Amortized Cost | 7,985 | |
Held to maturity securities, Due after ten years, Amortized Cost | 4,632 | |
Held to maturity securities, Amortized Cost | 21,743 | 19,025 |
Held to maturity securities, Due in one year or less, Fair Value | 622 | |
Held to maturity securities, Due after one year through five years, Fair Value | 8,570 | |
Held to maturity securities, Due after five years through ten years, Fair Value | 8,140 | |
Held to maturity securities, Due after ten years, Fair Value | 4,714 | |
Total held to maturity securities, Fair Value | $ 22,046 | $ 19,220 |
Investments - Available for Sal
Investments - Available for Sale and Held to Maturity Securities with Gross Unrealized Losses (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | $ 40,568 | $ 75,072 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 181 | 348 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 5,483 | 13,943 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 101 | 400 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 46,051 | 89,015 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 282 | 748 |
U.S. Treasuries [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 24,996 | 39,889 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 3 | 111 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 24,996 | 39,889 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 3 | 111 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 12,825 | 14,894 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 159 | 87 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 4,887 | 12,581 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 100 | 392 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 17,712 | 27,475 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 259 | 479 |
Mortgage-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 16,557 | |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 131 | |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 16,557 | |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 131 | |
States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 1,254 | 2,225 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 7 | 8 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 596 | 1,362 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 1 | 8 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 1,850 | 3,587 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 8 | 16 |
Corporate bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 1,493 | 1,507 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 12 | 11 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 1,493 | 1,507 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | $ 12 | $ 11 |
Investments - Additional Inform
Investments - Additional Information (Detail) | 3 Months Ended | ||
Mar. 31, 2016USD ($)Securities | Mar. 31, 2015USD ($) | Dec. 31, 2015USD ($) | |
Schedule of Available-for-sale Securities [Line Items] | |||
Sale or calls of available for sale debt securities | $ | $ 19,590,781 | $ 0 | |
Realized gain on sale of available for sale debt securities | $ | 72,333 | ||
Amount of securities with fair value | $ | $ 205,888,934 | $ 168,724,920 | |
U.S. Government Agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 3 | ||
Securities issued | 10 | ||
U.S. Treasuries [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 5 | ||
Securities issued | 24 | ||
States and Political Subdivisions [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 8 | ||
Securities issued | 146 |
Loans - Composition of Loan Por
Loans - Composition of Loan Portfolio (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Loans and Leases Receivable, Net Amount [Abstract] | ||
Gaming | $ 31,492 | $ 31,655 |
Residential and land development | 919 | 933 |
Real estate, construction | 35,449 | 35,414 |
Real estate, mortgage | 220,878 | 219,925 |
Commercial and industrial | 41,934 | 42,480 |
Other | 7,239 | 7,150 |
Total | $ 337,911 | $ 337,557 |
Loans - Age Analysis of Loan Po
Loans - Age Analysis of Loan Portfolio, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | $ 17,985 | $ 16,628 |
Current | 319,926 | 320,929 |
Total | 337,911 | 337,557 |
Loans Past Due Greater Than 90 Days and Still Accruing | 179 | 146 |
Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 2,108 | 2,645 |
Current | 33,341 | 32,769 |
Total | 35,449 | 35,414 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 2,298 | 1,474 |
Current | 39,636 | 41,006 |
Total | 41,934 | 42,480 |
Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 145 | 67 |
Current | 7,094 | 7,083 |
Total | 7,239 | 7,150 |
Loans Past Due Greater Than 90 Days and Still Accruing | 76 | |
30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 11,298 | 9,218 |
30-59 Days Past Due [Member] | Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 1,113 | 851 |
30-59 Days Past Due [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 1,555 | 1,206 |
30-59 Days Past Due [Member] | Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 66 | 67 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 2,602 | 4,152 |
60-89 Days Past Due [Member] | Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 448 | |
60-89 Days Past Due [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 31 | |
60-89 Days Past Due [Member] | Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 3 | |
Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 4,085 | 3,258 |
Greater than 90 Days Past Due [Member] | Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 995 | 1,346 |
Greater than 90 Days Past Due [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 743 | 237 |
Greater than 90 Days Past Due [Member] | Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 76 | |
Gaming [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 31,492 | 31,655 |
Total | 31,492 | 31,655 |
Residential and Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 309 | 323 |
Current | 610 | 610 |
Total | 919 | 933 |
Residential and Land Development [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 309 | 323 |
Real Estate, Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 13,125 | 12,119 |
Current | 207,753 | 207,806 |
Total | 220,878 | 219,925 |
Loans Past Due Greater Than 90 Days and Still Accruing | 103 | 146 |
Real Estate, Mortgage [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 8,564 | 7,094 |
Real Estate, Mortgage [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 2,599 | 3,673 |
Real Estate, Mortgage [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | $ 1,962 | $ 1,352 |
Loans - Analysis of Loan Portfo
Loans - Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||
Gaming | $ 31,492 | $ 31,655 |
Residential and land development | 919 | 933 |
Real estate, construction | 35,449 | 35,414 |
Real estate, mortgage | 220,878 | 219,925 |
Commercial and industrial | 41,934 | 42,480 |
Other | 7,239 | 7,150 |
Total | 337,911 | 337,557 |
A, B or C [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gaming | 31,492 | 31,655 |
Residential and land development | 610 | 610 |
Real estate, construction | 32,514 | 31,935 |
Real estate, mortgage | 168,381 | 167,286 |
Commercial and industrial | 24,469 | 24,466 |
Other | 7,121 | 7,114 |
Total | 264,587 | 263,066 |
S [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Real estate, mortgage | 16,541 | 16,678 |
Commercial and industrial | 15,007 | 15,007 |
Other | 1 | 1 |
Total | 31,549 | 31,686 |
D [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Real estate, construction | 725 | 883 |
Real estate, mortgage | 23,019 | 23,686 |
Commercial and industrial | 1,326 | 2,368 |
Other | 117 | 35 |
Total | 25,187 | 26,972 |
E [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Residential and land development | 309 | 323 |
Real estate, construction | 2,210 | 2,596 |
Real estate, mortgage | 12,937 | 12,275 |
Commercial and industrial | 1,132 | 639 |
Total | $ 16,588 | $ 15,833 |
Loans - Total Loans on Nonaccru
Loans - Total Loans on Nonaccrual (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | $ 15,448 | $ 15,186 |
Residential and Land Development [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 309 | 323 |
Real Estate, Mortgage [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 11,924 | 11,759 |
Real Estate, Construction [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 2,137 | 2,523 |
Commercial and Industrial [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | $ 1,078 | $ 581 |
Loans - Troubled Debt Restructu
Loans - Troubled Debt Restructurings (Detail) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016USD ($)Contract | Dec. 31, 2015USD ($)Contract | |
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | Contract | 3 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 1,216 | $ 1,232 |
Post-Modification Outstanding Recorded Investment | 1,216 | 1,232 |
Related Allowance | $ 107 | $ 107 |
Real Estate, Mortgage [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | Contract | 3 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 1,216 | $ 1,232 |
Post-Modification Outstanding Recorded Investment | 1,216 | 1,232 |
Related Allowance | $ 107 | $ 107 |
Loans - Impaired Loans, Segrega
Loans - Impaired Loans, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | $ 12,742 | $ 12,618 |
With no related allowance recorded, Recorded Investment | 11,473 | 11,437 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 10,986 | 11,706 |
With no related allowance recorded, Interest Income Recognized | 8 | 21 |
With a related allowance recorded, Unpaid Principal Balance | 5,324 | 5,114 |
With a related allowance recorded, Recorded Investment | 5,191 | 4,981 |
With a related allowance recorded, Related Allowance | 1,898 | 1,804 |
With a related allowance recorded, Average Recorded Investment | 5,213 | 5,043 |
With a related allowance recorded, Interest Income Recognized | 7 | 18 |
Total by class of loans, Unpaid Principal Balance | 18,066 | 17,732 |
Total by class of loans, Recorded Investment | 16,664 | 16,418 |
Total by class of loans, Related Allowance | 1,898 | 1,804 |
Total by class of loans, Average Recorded Investment | 16,199 | 16,749 |
Total by class of loans, Interest Income Recognized | 15 | 39 |
Real Estate, Construction [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 1,933 | 2,228 |
With no related allowance recorded, Recorded Investment | 1,458 | 1,842 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 1,510 | 1,878 |
With a related allowance recorded, Unpaid Principal Balance | 812 | 814 |
With a related allowance recorded, Recorded Investment | 679 | 681 |
With a related allowance recorded, Related Allowance | 250 | 252 |
With a related allowance recorded, Average Recorded Investment | 680 | 780 |
Total by class of loans, Unpaid Principal Balance | 2,745 | 3,042 |
Total by class of loans, Recorded Investment | 2,137 | 2,523 |
Total by class of loans, Related Allowance | 250 | 252 |
Total by class of loans, Average Recorded Investment | 2,190 | 2,658 |
Commercial and Industrial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 1,116 | 619 |
With no related allowance recorded, Recorded Investment | 1,078 | 581 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 742 | 653 |
Total by class of loans, Unpaid Principal Balance | 1,116 | 619 |
Total by class of loans, Recorded Investment | 1,078 | 581 |
Total by class of loans, Average Recorded Investment | 742 | 653 |
Residential and Land Development [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With a related allowance recorded, Unpaid Principal Balance | 309 | 323 |
With a related allowance recorded, Recorded Investment | 309 | 323 |
With a related allowance recorded, Related Allowance | 109 | 109 |
With a related allowance recorded, Average Recorded Investment | 318 | 343 |
Total by class of loans, Unpaid Principal Balance | 309 | 323 |
Total by class of loans, Recorded Investment | 309 | 323 |
Total by class of loans, Related Allowance | 109 | 109 |
Total by class of loans, Average Recorded Investment | 318 | 343 |
Real Estate, Mortgage [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 9,693 | 9,771 |
With no related allowance recorded, Recorded Investment | 8,937 | 9,014 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 8,734 | 9,175 |
With no related allowance recorded, Interest Income Recognized | 8 | 21 |
With a related allowance recorded, Unpaid Principal Balance | 4,203 | 3,977 |
With a related allowance recorded, Recorded Investment | 4,203 | 3,977 |
With a related allowance recorded, Related Allowance | 1,539 | 1,443 |
With a related allowance recorded, Average Recorded Investment | 4,215 | 3,920 |
With a related allowance recorded, Interest Income Recognized | 7 | 18 |
Total by class of loans, Unpaid Principal Balance | 13,896 | 13,748 |
Total by class of loans, Recorded Investment | 13,140 | 12,991 |
Total by class of loans, Related Allowance | 1,539 | 1,443 |
Total by class of loans, Average Recorded Investment | 12,949 | 13,095 |
Total by class of loans, Interest Income Recognized | $ 15 | $ 39 |
Allowance for Loan Losses - Tra
Allowance for Loan Losses - Transactions in Allowance for loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Allowance for Loan Losses: | ||
Beginning Balance | $ 8,070 | $ 9,206 |
Charge-offs | (663) | (264) |
Recoveries | 44 | 57 |
Provision | 113 | 986 |
Ending Balance | 7,564 | 9,985 |
Individually evaluated for impairment | 2,462 | 4,779 |
Collectively evaluated for impairment | 5,102 | 5,206 |
Individually evaluated for impairment, Total | 41,775 | 51,439 |
Collectively evaluated for impairment, Total | 296,136 | 320,152 |
Real Estate, Construction [Member] | ||
Allowance for Loan Losses: | ||
Beginning Balance | 589 | 860 |
Charge-offs | (89) | (97) |
Recoveries | 1 | |
Provision | (49) | (17) |
Ending Balance | 452 | 746 |
Individually evaluated for impairment | 391 | 687 |
Collectively evaluated for impairment | 61 | 59 |
Individually evaluated for impairment, Total | 2,935 | 5,546 |
Collectively evaluated for impairment, Total | 32,514 | 32,130 |
Commercial and Industrial [Member] | ||
Allowance for Loan Losses: | ||
Beginning Balance | 1,075 | 587 |
Charge-offs | (509) | (24) |
Recoveries | 15 | 10 |
Provision | 105 | 68 |
Ending Balance | 686 | 641 |
Individually evaluated for impairment | 130 | 264 |
Collectively evaluated for impairment | 556 | 377 |
Individually evaluated for impairment, Total | 2,458 | 1,852 |
Collectively evaluated for impairment, Total | 39,476 | 43,251 |
Other [Member] | ||
Allowance for Loan Losses: | ||
Beginning Balance | 253 | 326 |
Charge-offs | (50) | (60) |
Recoveries | 21 | 40 |
Provision | 26 | 20 |
Ending Balance | 250 | 326 |
Individually evaluated for impairment | 3 | 12 |
Collectively evaluated for impairment | 247 | 314 |
Individually evaluated for impairment, Total | 117 | 31 |
Collectively evaluated for impairment, Total | 7,122 | 13,440 |
Gaming [Member] | ||
Allowance for Loan Losses: | ||
Beginning Balance | 582 | 573 |
Provision | (15) | (36) |
Ending Balance | 567 | 537 |
Collectively evaluated for impairment | 567 | 537 |
Collectively evaluated for impairment, Total | 31,492 | 29,760 |
Residential and Land Development [Member] | ||
Allowance for Loan Losses: | ||
Beginning Balance | 189 | 251 |
Provision | 6 | 817 |
Ending Balance | 195 | 1,068 |
Individually evaluated for impairment | 109 | 894 |
Collectively evaluated for impairment | 86 | 174 |
Individually evaluated for impairment, Total | 309 | 5,436 |
Collectively evaluated for impairment, Total | 610 | 650 |
Real Estate, Mortgage [Member] | ||
Allowance for Loan Losses: | ||
Beginning Balance | 5,382 | 6,609 |
Charge-offs | (15) | (83) |
Recoveries | 7 | 7 |
Provision | 40 | 134 |
Ending Balance | 5,414 | 6,667 |
Individually evaluated for impairment | 1,829 | 2,922 |
Collectively evaluated for impairment | 3,585 | 3,745 |
Individually evaluated for impairment, Total | 35,956 | 38,574 |
Collectively evaluated for impairment, Total | $ 184,922 | $ 200,921 |
Deposits - Additional Informati
Deposits - Additional Information (Detail) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Deposits [Line Items] | ||
Brokered deposits | $ 5,000,000 | $ 5,000,000 |
Time Deposits of $250,000 or More [Member] | ||
Deposits [Line Items] | ||
Time deposits total amount | $ 24,938,000 | $ 24,090,000 |
Fair Value Measurements and D37
Fair Value Measurements and Disclosures - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2016USD ($) | |
Fair Value Disclosures [Abstract] | |
Minimum current appraisal is more than one year old and/or the loan balance | $ 200,000 |
Percentage of time deposits provide for automatic renewal at current interest rates | 98.00% |
Fair Value Measurements and D38
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale, Equity securities | $ 608 | $ 650 |
Available for sale securities | 217,884 | 202,807 |
U.S. Treasuries [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 113,202 | 63,754 |
U.S. Government Agencies [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 52,947 | 84,546 |
Mortgage-backed Securities [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 29,393 | 30,130 |
States and Political Subdivisions [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 21,734 | 23,727 |
Level 2 [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale, Equity securities | 608 | 650 |
Available for sale securities | 217,704 | 202,627 |
Level 2 [Member] | U.S. Treasuries [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 113,202 | 63,754 |
Level 2 [Member] | U.S. Government Agencies [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 52,947 | 84,546 |
Level 2 [Member] | Mortgage-backed Securities [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 29,393 | 30,130 |
Level 2 [Member] | States and Political Subdivisions [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 21,554 | 23,547 |
Level 3 [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 180 | 180 |
Level 3 [Member] | States and Political Subdivisions [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | $ 180 | $ 180 |
Fair Value Measurements and D39
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Impairment Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value measured on non-recurring basis, impaired loans | $ 7,752 | $ 7,811 |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value measured on non-recurring basis, impaired loans | $ 7,752 | $ 7,811 |
Fair Value Measurements and D40
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Other Real Estate (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on a non-recurring basis, other real estate | $ 9,840 | $ 9,916 | $ 7,646 |
Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on a non-recurring basis, other real estate | $ 9,840 | $ 9,916 |
Fair Value Measurements and D41
Fair Value Measurements and Disclosures - Change in Fair Value of Other Real Estate (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Other Real Estate [Abstract] | ||
Balance, beginning of period | $ 9,916 | $ 7,646 |
Loans transferred to ORE | 814 | 7,502 |
Sales | (535) | (4,295) |
Writedowns | (355) | (937) |
Balance, end of period | $ 9,840 | $ 9,916 |
Fair Value Measurements and D42
Fair Value Measurements and Disclosures - Carrying Value and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financial Assets: | ||
Cash and due from banks | $ 71,609 | $ 31,396 |
Available for sale securities | 217,884 | 202,807 |
Held to maturity securities | 21,743 | 19,025 |
Held to maturity securities, fair value | 22,046 | 19,220 |
Other investments | 2,713 | 2,744 |
Other investments, Fair Value | 2,713 | 2,744 |
Federal Home Loan Bank stock | 1,642 | 1,637 |
Federal Home Loan Bank stock, Fair Value | 1,642 | 1,637 |
Loans, net | 330,347 | 329,487 |
Loans, net, Fair Value | 333,880 | 331,026 |
Other real estate | 9,840 | 9,916 |
Other real estate, Fair Value | 9,840 | 9,916 |
Cash surrender value of life insurance | 18,884 | 18,735 |
Cash surrender value of life insurance, Fair Value | 18,884 | 18,735 |
Deposits: | ||
Non-interest bearing | 130,617 | 122,743 |
Non-interest bearing, Fair Value | 130,617 | 122,743 |
Interest bearing, Fair Value | 450,891 | 390,205 |
Borrowings from Federal Home Loan Bank | 8,333 | 18,409 |
Borrowings from Federal Home Loan Bank, Fair Value | 9,857 | 19,731 |
Carrying Amount [Member] | ||
Financial Assets: | ||
Cash and due from banks | 71,609 | 31,396 |
Available for sale securities | 217,884 | 202,807 |
Held to maturity securities | 21,743 | 19,025 |
Other investments | 2,713 | 2,744 |
Federal Home Loan Bank stock | 1,642 | 1,637 |
Loans, net | 330,347 | 329,487 |
Other real estate | 9,840 | 9,916 |
Cash surrender value of life insurance | 18,884 | 18,735 |
Deposits: | ||
Non-interest bearing | 130,617 | 122,743 |
Interest bearing | 450,618 | 389,964 |
Borrowings from Federal Home Loan Bank | 8,333 | 18,409 |
Level 1 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 71,609 | 31,396 |
Available for sale securities | 0 | 0 |
Held to maturity securities, fair value | 0 | 0 |
Other investments, Fair Value | 2,713 | 2,744 |
Federal Home Loan Bank stock, Fair Value | 0 | 0 |
Loans, net, Fair Value | 0 | 0 |
Other real estate, Fair Value | 0 | 0 |
Cash surrender value of life insurance, Fair Value | 0 | 0 |
Deposits: | ||
Non-interest bearing, Fair Value | 130,617 | 122,743 |
Interest bearing, Fair Value | 0 | 0 |
Borrowings from Federal Home Loan Bank, Fair Value | 0 | 0 |
Level 2 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 0 | 0 |
Available for sale securities | 217,704 | 202,627 |
Held to maturity securities, fair value | 22,046 | 19,220 |
Other investments, Fair Value | 0 | 0 |
Federal Home Loan Bank stock, Fair Value | 1,642 | 1,637 |
Loans, net, Fair Value | 0 | 0 |
Other real estate, Fair Value | 0 | 0 |
Cash surrender value of life insurance, Fair Value | 18,884 | 18,735 |
Deposits: | ||
Non-interest bearing, Fair Value | 0 | 0 |
Interest bearing, Fair Value | 0 | 0 |
Borrowings from Federal Home Loan Bank, Fair Value | 9,857 | 19,731 |
Level 3 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 0 | 0 |
Available for sale securities | 180 | 180 |
Held to maturity securities, fair value | 0 | 0 |
Other investments, Fair Value | 0 | 0 |
Federal Home Loan Bank stock, Fair Value | 0 | 0 |
Loans, net, Fair Value | 333,880 | 331,026 |
Other real estate, Fair Value | 9,840 | 9,916 |
Cash surrender value of life insurance, Fair Value | 0 | 0 |
Deposits: | ||
Non-interest bearing, Fair Value | 0 | 0 |
Interest bearing, Fair Value | 450,891 | 390,205 |
Borrowings from Federal Home Loan Bank, Fair Value | $ 0 | $ 0 |