Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Jul. 31, 2017 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
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 | Jun. 30, 2017 | Dec. 31, 2016 |
Assets | ||
Cash and due from banks | $ 49,531 | $ 41,116 |
Available for sale securities | 223,390 | 233,578 |
Held to maturity securities, fair value of $45,373 at June 30, 2017; $46,935 at December 31, 2016 | 45,380 | 48,150 |
Other investments | 2,722 | 2,693 |
Federal Home Loan Bank Stock, at cost | 543 | 539 |
Loans | 286,469 | 315,355 |
Less: Allowance for loan losses | 5,481 | 5,466 |
Loans, net | 280,988 | 309,889 |
Bank premises and equipment, net of accumulated depreciation | 20,827 | 21,644 |
Other real estate | 7,358 | 8,513 |
Accrued interest receivable | 1,700 | 1,855 |
Cash surrender value of life insurance | 18,050 | 19,249 |
Insurance proceeds receivable | 1,930 | |
Other assets | 1,342 | 788 |
Total assets | 653,761 | 688,014 |
Deposits: | ||
Demand, non-interest bearing | 127,739 | 132,381 |
Savings and demand, interest bearing | 331,257 | 364,975 |
Time, $100,000 or more | 52,713 | 38,650 |
Other time deposits | 30,623 | 39,010 |
Total deposits | 542,332 | 575,016 |
Borrowings from Federal Home Loan Bank | 1,229 | 6,257 |
Employee and director benefit plans liabilities | 17,068 | 16,768 |
Other liabilities | 1,199 | 1,512 |
Total liabilities | 561,828 | 599,553 |
Shareholders' Equity: | ||
Common stock, $1 par value, 15,000,000 shares authorized, 5,123,186 shares issued and outstanding at June 30, 2017 and December 31, 2016 | 5,123 | 5,123 |
Surplus | 65,780 | 65,780 |
Undivided profits | 20,545 | 19,318 |
Accumulated other comprehensive income (loss), net of tax | 485 | (1,760) |
Total shareholders' equity | 91,933 | 88,461 |
Total liabilities and shareholders' equity | $ 653,761 | $ 688,014 |
Consolidated Statements of Con3
Consolidated Statements of Condition (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Held to maturity securities, fair value | $ 45,373 | $ 46,935 |
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 Inco
Consolidated Statements of Income (Unaudited) - 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 | $ 3,295 | $ 3,568 | $ 6,569 | $ 7,265 |
Interest and dividends on securities: | ||||
U.S. Treasuries | 375 | 250 | 790 | 457 |
U.S. Government agencies | 136 | 218 | 278 | 567 |
Mortgage-backed securities | 268 | 134 | 533 | 277 |
States and political subdivisions | 386 | 316 | 779 | 621 |
Corporate bonds | 8 | 8 | 16 | |
Other investments | 3 | 2 | 6 | 10 |
Interest on balances due from depository institutions | 135 | 54 | 236 | 117 |
Total interest income | 4,598 | 4,550 | 9,199 | 9,330 |
Interest expense: | ||||
Deposits | 336 | 224 | 600 | 424 |
Borrowings from Federal Home Loan Bank | 9 | 43 | 24 | 85 |
Total interest expense | 345 | 267 | 624 | 509 |
Net interest income | 4,253 | 4,283 | 8,575 | 8,821 |
Provision for allowance for loan losses | 30 | 24 | 56 | 137 |
Net interest income after provision for allowance for loan losses | 4,223 | 4,259 | 8,519 | 8,684 |
Non-interest income: | ||||
Trust department income and fees | 428 | 367 | 794 | 763 |
Service charges on deposit accounts | 930 | 918 | 1,852 | 1,850 |
Gain on liquidation, sales and calls of securities | 120 | 11 | 137 | 91 |
Income (loss) from other investments | 17 | 18 | 29 | (12) |
Increase in cash surrender value of life insurance | 129 | 91 | 228 | 193 |
Gain from death benefits from life insurance | 429 | 429 | ||
Other income | 122 | 123 | 248 | 286 |
Total non-interest income | 2,175 | 1,528 | 3,717 | 3,171 |
Non-interest expense: | ||||
Salaries and employee benefits | 2,749 | 2,755 | 5,598 | 5,529 |
Net occupancy | 520 | 592 | 1,055 | 1,239 |
Equipment rentals, depreciation and maintenance | 735 | 752 | 1,529 | 1,466 |
FDIC and state banking assessments | 99 | 203 | 197 | 429 |
Data processing | 319 | 332 | 650 | 672 |
ATM expense | 136 | 167 | 258 | 275 |
Other real estate expense | 268 | 123 | 330 | 474 |
Other expense | 757 | 724 | 1,730 | 1,556 |
Total non-interest expense | 5,583 | 5,648 | 11,347 | 11,640 |
Income before income taxes | 815 | 139 | 889 | 215 |
Income tax expense (benefit) | (338) | 78 | (338) | 78 |
Net income | $ 1,153 | $ 61 | $ 1,227 | $ 137 |
Basic and diluted earnings per share | $ 0.23 | $ 0.01 | $ 0.24 | $ 0.02 |
Dividends declared per share | $ 0 | $ 0 | $ 0 | $ 0 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 1,153 | $ 61 | $ 1,227 | $ 137 |
Other comprehensive income: | ||||
Net unrealized gain on available for sale securities | 1,271 | 1,409 | 2,382 | 2,730 |
Reclassification adjustment for realized gain on available for sale securities called or sold | (120) | (11) | (137) | (91) |
Total other comprehensive income | 1,151 | 1,398 | 2,245 | 2,639 |
Total comprehensive income | $ 2,304 | $ 1,459 | $ 3,472 | $ 2,776 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Equity - 6 months ended Jun. 30, 2017 - USD ($) $ in Thousands | Total | Common Stock [Member] | Surplus [Member] | Undivided Profits [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning balance at Dec. 31, 2016 | $ 88,461 | $ 5,123 | $ 65,780 | $ 19,318 | $ (1,760) |
Beginning balance, Shares at Dec. 31, 2016 | 5,123,186 | 5,123,186 | |||
Net income | $ 1,227 | 1,227 | |||
Other comprehensive income | 2,245 | 2,245 | |||
Ending balance at Jun. 30, 2017 | $ 91,933 | $ 5,123 | $ 65,780 | $ 20,545 | $ 485 |
Ending balance, Shares at Jun. 30, 2017 | 5,123,186 | 5,123,186 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash flows from operating activities: | ||
Net income | $ 1,227 | $ 137 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 951 | 894 |
Provision for allowance for loan losses | 56 | 137 |
Writedown of other real estate | 221 | 420 |
(Gains) losses on sales of other real estate | 35 | (130) |
(Income) loss from other investments | (29) | 12 |
Gain from death benefits from life insurance | (429) | |
Amortization of held to maturity securities | 129 | 63 |
Amortization of available for sale securities | 29 | 11 |
Gain on sales and calls of securities | (137) | (91) |
Change in accrued interest receivable | 155 | 169 |
Increase in cash surrender value of life insurance | (228) | (193) |
Change in other assets | (561) | (353) |
Change in other liabilities | (13) | 15 |
Net cash provided by operating activities | 1,406 | 1,091 |
Cash flows from investing activities: | ||
Proceeds from maturities, sales and calls of available for sale securities | 54,282 | 103,198 |
Proceeds from maturities of held to maturity securities | 7,475 | 410 |
Purchases of available for sale securities | (41,734) | (99,850) |
Purchases of held to maturity securities | (4,834) | (5,310) |
Purchases of Federal Home Loan Bank stock | (4) | (5) |
Proceeds from sales of other real estate | 944 | 1,743 |
Loans, net change | 28,800 | 9,180 |
Acquisition of bank premises and equipment | (134) | (729) |
Investment in cash surrender value of life insurance | (74) | (77) |
Net cash provided by investing activities | 44,721 | 8,560 |
Cash flows from financing activities: | ||
Demand and savings deposits, net change | (38,360) | 30,257 |
Time deposits, net change | 5,676 | 4,559 |
Borrowings from Federal Home Loan Bank | 98,900 | |
Repayments to Federal Home Loan Bank | (5,028) | (109,052) |
Net cash provided by (used in) financing activities | (37,712) | 24,664 |
Net increase in cash and cash equivalents | 8,415 | 34,315 |
Cash and cash equivalents, beginning of period | 41,116 | 31,396 |
Cash and cash equivalents, end of period | $ 49,531 | $ 65,711 |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | 1. Basis of Presentation: Peoples Financial Corporation (the “Company”) is a one-bank 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 June 30, 2017 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 2016 Annual Report and Form 10-K. The results of operations for the quarter or six months ended June 30, 2017, 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 reporting 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 New Accounting Pronouncements – In January 2017, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments – Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings. 2017-03 In February 2017, the FASB issued ASU 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): 2017-05 In March 2017, the FASB issued ASU 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. 2017-07 In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): 2017-08 |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jun. 30, 2017 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | 2. Earnings Per Share: Per share data is based on the weighted average shares of common stock outstanding of 5,123,186 for the quarters and six months ended June 30, 2017 and 2016. |
Statements of Cash Flows
Statements of Cash Flows | 6 Months Ended |
Jun. 30, 2017 | |
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 $627,233 and $507,061 for the six months ended June 30, 2017 and 2016, respectively, for interest on deposits and borrowings. No income tax payments were made during the six months ended June 30, 2017. Income tax payments of $78,435 were made during the six months ended June 30, 2016. Loans transferred to other real estate amounted to $44,391and $853,758 during the six months ended June 30, 2017 and 2016, respectively. |
Investments
Investments | 6 Months Ended |
Jun. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments | 4. Investments: The amortized cost and fair value of securities at June 30, 2017 and December 31, 2016, are as follows (in thousands): June 30, 2017 Amortized Gross Gross Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 129,803 $ 16 $ (1,098 ) $ 128,721 U.S. Government agencies 19,987 92 (82 ) 19,997 Mortgage-backed securities 58,405 301 (415 ) 58,291 States and political subdivisions 15,473 450 15,923 Total debt securities 223,668 859 (1,595 ) 222,932 Equity securities 458 458 Total available for sale securities $ 224,126 $ 859 $ (1,595 ) $ 223,390 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (178 ) $ 8,007 States and political subdivisions 37,195 467 (296 ) 37,366 Total held to maturity securities $ 45,380 $ 467 $ (474 ) $ 45,373 December 31, 2016 Amortized Gross Gross Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 149,676 $ 39 $ (2,091 ) $ 147,624 U.S. Government agencies 24,973 58 (206 ) 24,825 Mortgage-backed securities 43,939 74 (1,305 ) 42,708 States and political subdivisions 17,513 450 17,963 Total debt securities 236,101 621 (3,602 ) 233,120 Equity securities 458 458 Total available for sale securities $ 236,559 $ 621 $ (3,602 ) $ 233,578 Held to maturity securities: U.S. Government agencies $ 10,009 $ $ (315 ) $ 9,694 States and political subdivisions 36,677 29 (927 ) 35,779 Corporate bond 1,464 (2 ) 1,462 Total held to maturity securities $ 48,150 $ 29 $ (1,244 ) $ 46,935 The amortized cost and fair value of debt securities at June 30, 2017 (in thousands), by contractual maturity, are shown on the following page. 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 $ 31,930 $ 31,885 Due after one year through five years 109,328 109,088 Due after five years through ten years 23,672 23,315 Due after ten years 333 353 Mortgage-backed securities 58,405 58,291 Totals $ 223,668 $ 222,932 Held to maturity securities: Due in one year or less $ 557 $ 557 Due after one year through five years 11,704 11,784 Due after five years through ten years 19,544 19,611 Due after ten years 13,575 13,421 Totals $ 45,380 $ 45,373 Available for sale and held to maturity securities with gross unrealized losses at June 30, 2017 and December 31, 2016, 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 June 30, 2017: Fair Value Gross Fair Value Gross Fair Value Gross U.S. Treasuries $ 103,761 $ 1,098 $ $ $ 103,761 $ 1,098 U.S. Government agencies 14,729 260 14,729 260 Mortgage-backed securities 21,649 415 21,649 415 States and political subdivisions 11,079 296 11,079 296 TOTAL $ 151,218 $ 2,069 $ $ $ 151,218 $ 2,069 December 31, 2016: U.S. Treasuries $ 97,634 $ 2,091 $ $ $ 97,634 $ 2,091 U.S. Government agencies 24,478 521 24,478 521 Mortgage-backed securities 37,663 1,305 37,663 1,305 States and political subdivisions 24,627 926 589 1 25,216 927 Corporate bond 1,462 2 1,462 2 TOTAL $ 184,402 $ 4,843 $ 2,051 $ 3 $ 186,453 $ 4,846 At June 30, 2017, 21 of 26 securities issued by the U.S. Treasury, 3 of the 6 securities issued by U.S. Government agencies, 30 of the 136 securities issued by states and political subdivisions and 10 of the 26 mortgage-backed securities 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 securities were $23,703,484 and $21,250,806 during the six months ended June 30, 2017 and 2016, respectively. Available for sale debt securities were sold or called for a realized gain of $136,781 and $90,738 for the six months ended June 30, 2017 and 2016, respectively. Securities with a fair value of $186,710,004 and $180,659,168 at June 30, 2017 and December 31, 2016, respectively, were pledged to secure public deposits, federal funds purchased and other balances required by law. |
Loans
Loans | 6 Months Ended |
Jun. 30, 2017 | |
Receivables [Abstract] | |
Loans | 5. Loans: The composition of the loan portfolio at June 30, 2017 and December 31, 2016, is as follows (in thousands): June 30, 2017 December 31, 2016 Gaming $ 19,278 $ 31,311 Residential and land development 273 291 Real estate, construction 30,978 32,503 Real estate, mortgage 191,817 206,172 Commercial and industrial 37,319 37,035 Other 6,804 8,043 Total $ 286,469 $ 315,355 The age analysis of the loan portfolio, segregated by class of loans, as of June 30, 2017 and December 31, 2016, is as follows (in thousands): Loans Past Due Greater Number of Days Past Due Than 90 Greater Total Total Days & 30 - 59 60 - 89 Than 90 Past Due Current Loans Still Accruing June 30, 2017: Gaming $ $ $ $ $ 19,278 $ 19,278 $ Residential and land development 273 273 273 Real estate, construction 795 117 1,063 1,975 29,003 30,978 Real estate, mortgage 3,759 483 8,551 12,793 179,024 191,817 13 Commercial and industrial 250 199 443 892 36,427 37,319 Other 13 13 6,791 6,804 Total $ 4,817 $ 799 $ 10,330 $ 15,946 $ 270,523 $ 286,469 $ 13 December 31, 2016: Gaming $ $ $ $ $ 31,311 $ 31,311 $ Residential and land development 291 291 291 Real estate, construction 902 216 1,082 2,200 30,303 32,503 Real estate, mortgage 4,608 1,923 4,471 11,002 195,170 206,172 Commercial and industrial 867 8 875 36,160 37,035 Other 44 36 80 160 7,883 8,043 Total $ 6,421 $ 2,175 $ 5,932 $ 14,528 $ 300,827 $ 315,355 $ 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 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 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 June 30, 2017 and December 31, 2016, is as follows (in thousands): Loans With A Grade Of: A, B or C S D E F Total June 30, 2017: Gaming $ 19,278 $ $ $ $ $ 19,278 Residential and land development 273 273 Real estate, construction 28,538 414 375 1,651 30,978 Real estate, mortgage 142,891 16,188 21,867 10,871 191,817 Commercial and industrial 12,258 21,832 2,228 1,001 37,319 Other 6,774 26 4 6,804 Total $ 209,739 $ 38,434 $ 24,496 $ 13,800 $ $ 286,469 December 31, 2016: Gaming $ 31,311 $ $ $ $ $ 31,311 Residential and land development 291 291 Real estate, construction 29,954 435 517 1,597 32,503 Real estate, mortgage 155,671 17,651 22,901 9,949 206,172 Commercial and industrial 13,926 21,680 867 562 37,035 Other 7,996 42 5 8,043 Total $ 238,858 $ 39,766 $ 24,327 $ 12,404 $ $ 315,355 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 June 30, 2017 and December 31, 2016, are as follows (in thousands): June 30, 2017 December 31, 2016 Residential and land development $ 273 $ 291 Real estate, construction 1,651 1,598 Real estate, mortgage 10,822 9,445 Commercial and industrial 955 515 Other 4 5 Total $ 13,705 $ 11,854 Prior to 2016, certain loans were modified by granting interest rate concessions to these customers with such loans being classified as troubled debt restructurings. During 2016 and 2017, the Company did not restructure any additional loans. Specific reserves of $92,000 and $100,000 were allocated to troubled debt restructurings as of June 30, 2017 and December 31, 2016, respectively. The Bank had no commitments to lend additional amounts to customers with outstanding loans classified as troubled debt restructurings as of June 30, 2017 and December 31, 2016. Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of June 30, 2017 and December 31, 2016, are as follows (in thousands): Unpaid Average Interest Principal Recorded Related Recorded Income Balance Investment Allowance Investment Recognized June 30, 2017: With no related allowance recorded: Real estate, construction $ 1,570 $ 1,096 $ $ 1,126 $ Real estate, mortgage 11,131 10,170 10,223 16 Commercial and industrial 941 903 917 Total 13,642 12,169 12,266 16 With a related allowance recorded: Residential and land development 273 273 58 281 Real estate, construction 774 555 122 563 Real estate, mortgage 2,703 1,809 311 1,827 14 Commercial and industrial 52 52 43 52 Other 4 4 1 4 Total 3,806 2,693 535 2,727 14 Total by class of loans: Residential and land development 273 273 58 281 Real estate, construction 2,344 1,651 122 1,689 Real estate, mortgage 13,834 11,979 311 12,050 30 Commercial and industrial 993 955 43 969 Other 4 4 1 4 Total $ 17,448 $ 14,862 $ 535 $ 14,993 $ 30 Unpaid Average Interest Principal Recorded Related Recorded Income Balance Investment Allowance Investment Recognized December 31, 2016: With no related allowance recorded: Real estate, construction $ 2,023 $ 1,331 $ $ 1,395 $ Real estate, mortgage 11,811 9,282 10,582 23 Commercial and industrial 553 515 538 Total 14,387 11,128 12,515 23 With a related allowance recorded: Residential and land development 291 291 66 304 Real estate, construction 267 267 141 283 Real estate, mortgage 1,347 1,347 195 1,080 30 Other 5 5 1 1 Total 1,910 1,910 403 1,668 30 Total by class of loans: Residential and land development 291 291 66 304 Real estate, construction 2,290 1,598 141 1,678 Real estate, mortgage 13,158 10,629 195 11,662 53 Commercial and industrial 553 515 538 Other 5 5 1 1 Total $ 16,297 $ 13,038 $ 403 $ 14,183 $ 53 |
Allowance for Loan Losses
Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2017 | |
Valuation and Qualifying Accounts [Abstract] | |
Allowance for Loan Losses | 6. Allowance for Loan Losses: Transactions in the allowance for loan losses for the quarters and six months ended June 30, 2017 and 2016, and the balances of loans, individually and collectively evaluated for impairment, as of June 30, 2017 and 2016, are as follows (in thousands): Residential and Land Real Estate, Real Estate, Commercial Gaming Development Construction Mortgage and Industrial Other Total For the Six Months Ended June 30, 2017: Allowance for Loan Losses: Beginning balance $ 545 $ 66 $ 199 $ 3,800 $ 651 $ 205 $ 5,466 Charge-offs (8 ) (95 ) (103 ) Recoveries 12 8 11 31 62 Provision (149 ) (8 ) 21 116 10 66 56 Ending Balance $ 396 $ 58 $ 232 $ 3,916 $ 672 $ 207 $ 5,481 For the Quarter Ended June 30, 2017: Allowance for Loan Losses: Beginning Balance $ 377 $ 66 $ 211 $ 3,936 $ 683 $ 209 $ 5,482 Charge-offs (8 ) (36 ) (44 ) Recoveries 2 11 13 Provision 19 (8 ) 19 (12 ) (11 ) 23 30 Ending Balance $ 396 $ 58 $ 232 $ 3,916 $ 672 $ 207 $ 5,481 Allowance for Loan Losses, June 30, 2017: Ending balance: individually evaluated for impairment $ $ 58 $ 122 $ 580 $ 247 $ 17 $ 1,024 Ending balance: collectively evaluated for impairment $ 396 $ $ 110 $ 3,336 $ 425 $ 190 $ 4,457 Total Loans, June 30, 2017: Ending balance: individually evaluated for impairment $ $ 273 $ 2,026 $ 32,738 $ 3,229 $ 30 $ 38,296 Ending balance: collectively evaluated for impairment $ 19,278 $ $ 28,952 $ 159,079 $ 34,090 $ 6,774 $ 248,173 Residential and Land Real Estate, Real Estate, Commercial Gaming Development Construction Mortgage and Industrial Other Total For the Six Months Ended June 30, 2016: Allowance for Loan Losses: Beginning balance $ 582 $ 189 $ 589 $ 5,382 $ 1,075 $ 253 $ 8,070 Charge-offs (173 ) (553 ) (509 ) (94 ) (1,329 ) Recoveries 38 99 60 34 231 Provision 13 (79 ) 48 92 63 137 Ending Balance $ 582 $ 202 $ 375 $ 4,976 $ 718 $ 256 $ 7,109 For the Quarter Ended June 30, 2016: Allowance for Loan Losses: Beginning Balance $ 567 $ 195 $ 452 $ 5,414 $ 686 $ 250 $ 7,564 Charge-offs (84 ) (538 ) (44 ) (666 ) Recoveries 37 92 45 13 187 Provision 15 7 (30 ) 8 (13 ) 37 24 Ending Balance $ 582 $ 202 $ 375 $ 4,976 $ 718 $ 256 $ 7,109 Allowance for Loan Losses, June 30, 2016: Ending balance: individually evaluated for impairment $ $ 109 $ 243 $ 1,364 $ 147 $ 3 $ 1,866 Ending balance: collectively evaluated for impairment $ 582 $ 93 $ 132 $ 3,612 $ 571 $ 253 $ 5,243 Total Loans, June 30, 2016: Ending balance: individually evaluated for impairment $ $ 300 $ 2,732 $ 36,606 $ 2,043 $ 19 $ 41,700 Ending balance: collectively evaluated for impairment $ 30,421 $ 610 $ 36,549 $ 171,043 $ 39,002 $ 7,100 $ 284,725 |
Deposits
Deposits | 6 Months Ended |
Jun. 30, 2017 | |
Banking and Thrift [Abstract] | |
Deposits | 7. Deposits: Time deposits of $100,000 or more at June 30, 2017 and December 31, 2016 included brokered deposits of $5,000,000, which mature in 2017. Time deposits of $250,000 or more totaled approximately $29,260,000 and $25,143,000 at June 30, 2017 and December 31, 2016, respectively. |
Fair Value Measurements and Dis
Fair Value Measurements and Disclosures | 6 Months Ended |
Jun. 30, 2017 | |
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 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 non-recurring 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 non-recurring 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 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 June 30, 2017 and December 31, 2016 are as follows (in thousands): Total Fair Value Measurements Using Level 1 Level 2 Level 3 June 30, 2017: U.S. Treasuries $ 128,721 $ $ 128,721 $ U.S. Government agencies 19,997 19,997 Mortgage-backed securities 58,291 58,291 States and political subdivisions 15,923 15,923 Equity securities 458 458 Total $ 223,390 $ $ 223,390 $ December 31, 2016: U.S. Treasuries $ 147,624 $ $ 147,624 $ U.S. Government agencies 24,825 24,825 Mortgage-backed securities 42,708 42,708 States and political subdivisions 17,963 17,963 Equity securities 458 458 Total $ 233,578 $ $ 233,578 $ Impaired loans, which are measured at fair value on a non-recurring Fair Value Measurements Using Total Level 1 Level 2 Level 3 June 30, 2017 $ 4,901 $ $ $ 4,901 December 31, 2016 5,006 5,006 Other real estate, which is measured at fair value on a non-recurring Fair Value Measurements Using Total Level 1 Level 2 Level 3 June 30, 2017 $ 7,358 $ $ $ 7,358 December 31, 2016 8,513 8,513 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 Six For the Year Months Ended Ended June 30, 2017 December 31, 2016 Balance, beginning of period $ 8,513 $ 9,916 Loans transferred to ORE 45 1,903 Sales (979 ) (2,524 ) Writedowns (221 ) (782 ) Balance, end of period $ 7,358 $ 8,513 The carrying value and estimated fair value of financial instruments, by level within the fair value hierarchy, at June 30, 2017 and December 31, 2016, are as follows (in thousands): Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total June 30, 2017: Financial Assets: Cash and due from banks $ 49,531 $ 49,531 $ $ $ 49,531 Available for sale securities 223,390 223,390 223,390 Held to maturity securities 45,380 45,373 45,373 Other investments 2,722 2,722 2,722 Federal Home Loan Bank stock 543 543 543 Loans, net 280,988 273,442 273,442 Other real estate 7,358 7,358 7,358 Cash surrender value of life insurance 18,050 18,050 18,050 Financial Liabilities: Deposits: Non-interest 127,739 127,739 127,739 Interest bearing 414,593 415,158 415,158 Borrowings from Federal Home Loan Bank 1,229 1,525 1,525 December 31, 2016: Financial Assets: Cash and due from banks $ 41,116 $ 41,116 $ $ $ 41,116 Available for sale securities 233,578 233,578 233,578 Held to maturity securities 48,150 46,935 46,935 Other investments 2,693 2,693 2,693 Federal Home Loan Bank stock 539 539 539 Loans, net 309,889 313,613 313,613 Other real estate 8,513 8,513 8,513 Cash surrender value of life insurance 19,249 19,249 19,249 Financial Liabilities: Deposits: Non-interest 132,381 132,381 132,381 Interest bearing 442,635 442,937 442,937 Borrowings from Federal Home Loan Bank 6,257 6,491 6,491 |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 6 Months Ended |
Jun. 30, 2017 | |
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 reporting 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 |
New Accounting Pronouncements | New Accounting Pronouncements – In January 2017, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments – Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings. 2017-03 In February 2017, the FASB issued ASU 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): 2017-05 In March 2017, the FASB issued ASU 2017-07, Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. 2017-07 In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): 2017-08 |
Investments (Tables)
Investments (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Fair Value of Securities | The amortized cost and fair value of securities at June 30, 2017 and December 31, 2016, are as follows (in thousands): June 30, 2017 Amortized Gross Gross Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 129,803 $ 16 $ (1,098 ) $ 128,721 U.S. Government agencies 19,987 92 (82 ) 19,997 Mortgage-backed securities 58,405 301 (415 ) 58,291 States and political subdivisions 15,473 450 15,923 Total debt securities 223,668 859 (1,595 ) 222,932 Equity securities 458 458 Total available for sale securities $ 224,126 $ 859 $ (1,595 ) $ 223,390 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (178 ) $ 8,007 States and political subdivisions 37,195 467 (296 ) 37,366 Total held to maturity securities $ 45,380 $ 467 $ (474 ) $ 45,373 December 31, 2016 Amortized Gross Gross Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 149,676 $ 39 $ (2,091 ) $ 147,624 U.S. Government agencies 24,973 58 (206 ) 24,825 Mortgage-backed securities 43,939 74 (1,305 ) 42,708 States and political subdivisions 17,513 450 17,963 Total debt securities 236,101 621 (3,602 ) 233,120 Equity securities 458 458 Total available for sale securities $ 236,559 $ 621 $ (3,602 ) $ 233,578 Held to maturity securities: U.S. Government agencies $ 10,009 $ $ (315 ) $ 9,694 States and political subdivisions 36,677 29 (927 ) 35,779 Corporate bond 1,464 (2 ) 1,462 Total held to maturity securities $ 48,150 $ 29 $ (1,244 ) $ 46,935 |
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity | The amortized cost and fair value of debt securities at June 30, 2017 (in thousands), by contractual maturity, are shown on the following page. 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 $ 31,930 $ 31,885 Due after one year through five years 109,328 109,088 Due after five years through ten years 23,672 23,315 Due after ten years 333 353 Mortgage-backed securities 58,405 58,291 Totals $ 223,668 $ 222,932 Held to maturity securities: Due in one year or less $ 557 $ 557 Due after one year through five years 11,704 11,784 Due after five years through ten years 19,544 19,611 Due after ten years 13,575 13,421 Totals $ 45,380 $ 45,373 |
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 June 30, 2017 and December 31, 2016, 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 June 30, 2017: Fair Value Gross Fair Value Gross Fair Value Gross U.S. Treasuries $ 103,761 $ 1,098 $ $ $ 103,761 $ 1,098 U.S. Government agencies 14,729 260 14,729 260 Mortgage-backed securities 21,649 415 21,649 415 States and political subdivisions 11,079 296 11,079 296 TOTAL $ 151,218 $ 2,069 $ $ $ 151,218 $ 2,069 December 31, 2016: U.S. Treasuries $ 97,634 $ 2,091 $ $ $ 97,634 $ 2,091 U.S. Government agencies 24,478 521 24,478 521 Mortgage-backed securities 37,663 1,305 37,663 1,305 States and political subdivisions 24,627 926 589 1 25,216 927 Corporate bond 1,462 2 1,462 2 TOTAL $ 184,402 $ 4,843 $ 2,051 $ 3 $ 186,453 $ 4,846 |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Receivables [Abstract] | |
Composition of Loan Portfolio | The composition of the loan portfolio at June 30, 2017 and December 31, 2016, is as follows (in thousands): June 30, 2017 December 31, 2016 Gaming $ 19,278 $ 31,311 Residential and land development 273 291 Real estate, construction 30,978 32,503 Real estate, mortgage 191,817 206,172 Commercial and industrial 37,319 37,035 Other 6,804 8,043 Total $ 286,469 $ 315,355 |
Age Analysis of Loan Portfolio, Segregated by Class of Loans | The age analysis of the loan portfolio, segregated by class of loans, as of June 30, 2017 and December 31, 2016, is as follows (in thousands): Loans Past Due Greater Number of Days Past Due Than 90 Greater Total Total Days & 30 - 59 60 - 89 Than 90 Past Due Current Loans Still Accruing June 30, 2017: Gaming $ $ $ $ $ 19,278 $ 19,278 $ Residential and land development 273 273 273 Real estate, construction 795 117 1,063 1,975 29,003 30,978 Real estate, mortgage 3,759 483 8,551 12,793 179,024 191,817 13 Commercial and industrial 250 199 443 892 36,427 37,319 Other 13 13 6,791 6,804 Total $ 4,817 $ 799 $ 10,330 $ 15,946 $ 270,523 $ 286,469 $ 13 December 31, 2016: Gaming $ $ $ $ $ 31,311 $ 31,311 $ Residential and land development 291 291 291 Real estate, construction 902 216 1,082 2,200 30,303 32,503 Real estate, mortgage 4,608 1,923 4,471 11,002 195,170 206,172 Commercial and industrial 867 8 875 36,160 37,035 Other 44 36 80 160 7,883 8,043 Total $ 6,421 $ 2,175 $ 5,932 $ 14,528 $ 300,827 $ 315,355 $ |
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 June 30, 2017 and December 31, 2016, is as follows (in thousands): Loans With A Grade Of: A, B or C S D E F Total June 30, 2017: Gaming $ 19,278 $ $ $ $ $ 19,278 Residential and land development 273 273 Real estate, construction 28,538 414 375 1,651 30,978 Real estate, mortgage 142,891 16,188 21,867 10,871 191,817 Commercial and industrial 12,258 21,832 2,228 1,001 37,319 Other 6,774 26 4 6,804 Total $ 209,739 $ 38,434 $ 24,496 $ 13,800 $ $ 286,469 December 31, 2016: Gaming $ 31,311 $ $ $ $ $ 31,311 Residential and land development 291 291 Real estate, construction 29,954 435 517 1,597 32,503 Real estate, mortgage 155,671 17,651 22,901 9,949 206,172 Commercial and industrial 13,926 21,680 867 562 37,035 Other 7,996 42 5 8,043 Total $ 238,858 $ 39,766 $ 24,327 $ 12,404 $ $ 315,355 |
Total Loans on Nonaccrual | Total loans on nonaccrual as of June 30, 2017 and December 31, 2016, are as follows (in thousands): June 30, 2017 December 31, 2016 Residential and land development $ 273 $ 291 Real estate, construction 1,651 1,598 Real estate, mortgage 10,822 9,445 Commercial and industrial 955 515 Other 4 5 Total $ 13,705 $ 11,854 |
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 June 30, 2017 and December 31, 2016, are as follows (in thousands): Unpaid Average Interest Principal Recorded Related Recorded Income Balance Investment Allowance Investment Recognized June 30, 2017: With no related allowance recorded: Real estate, construction $ 1,570 $ 1,096 $ $ 1,126 $ Real estate, mortgage 11,131 10,170 10,223 16 Commercial and industrial 941 903 917 Total 13,642 12,169 12,266 16 With a related allowance recorded: Residential and land development 273 273 58 281 Real estate, construction 774 555 122 563 Real estate, mortgage 2,703 1,809 311 1,827 14 Commercial and industrial 52 52 43 52 Other 4 4 1 4 Total 3,806 2,693 535 2,727 14 Total by class of loans: Residential and land development 273 273 58 281 Real estate, construction 2,344 1,651 122 1,689 Real estate, mortgage 13,834 11,979 311 12,050 30 Commercial and industrial 993 955 43 969 Other 4 4 1 4 Total $ 17,448 $ 14,862 $ 535 $ 14,993 $ 30 Unpaid Average Interest Principal Recorded Related Recorded Income Balance Investment Allowance Investment Recognized December 31, 2016: With no related allowance recorded: Real estate, construction $ 2,023 $ 1,331 $ $ 1,395 $ Real estate, mortgage 11,811 9,282 10,582 23 Commercial and industrial 553 515 538 Total 14,387 11,128 12,515 23 With a related allowance recorded: Residential and land development 291 291 66 304 Real estate, construction 267 267 141 283 Real estate, mortgage 1,347 1,347 195 1,080 30 Other 5 5 1 1 Total 1,910 1,910 403 1,668 30 Total by class of loans: Residential and land development 291 291 66 304 Real estate, construction 2,290 1,598 141 1,678 Real estate, mortgage 13,158 10,629 195 11,662 53 Commercial and industrial 553 515 538 Other 5 5 1 1 Total $ 16,297 $ 13,038 $ 403 $ 14,183 $ 53 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Valuation and Qualifying Accounts [Abstract] | |
Transactions in Allowance for Loan Losses | Transactions in the allowance for loan losses for the quarters and six months ended June 30, 2017 and 2016, and the balances of loans, individually and collectively evaluated for impairment, as of June 30, 2017 and 2016, are as follows (in thousands): Residential and Land Real Estate, Real Estate, Commercial Gaming Development Construction Mortgage and Industrial Other Total For the Six Months Ended June 30, 2017: Allowance for Loan Losses: Beginning balance $ 545 $ 66 $ 199 $ 3,800 $ 651 $ 205 $ 5,466 Charge-offs (8 ) (95 ) (103 ) Recoveries 12 8 11 31 62 Provision (149 ) (8 ) 21 116 10 66 56 Ending Balance $ 396 $ 58 $ 232 $ 3,916 $ 672 $ 207 $ 5,481 For the Quarter Ended June 30, 2017: Allowance for Loan Losses: Beginning Balance $ 377 $ 66 $ 211 $ 3,936 $ 683 $ 209 $ 5,482 Charge-offs (8 ) (36 ) (44 ) Recoveries 2 11 13 Provision 19 (8 ) 19 (12 ) (11 ) 23 30 Ending Balance $ 396 $ 58 $ 232 $ 3,916 $ 672 $ 207 $ 5,481 Allowance for Loan Losses, June 30, 2017: Ending balance: individually evaluated for impairment $ $ 58 $ 122 $ 580 $ 247 $ 17 $ 1,024 Ending balance: collectively evaluated for impairment $ 396 $ $ 110 $ 3,336 $ 425 $ 190 $ 4,457 Total Loans, June 30, 2017: Ending balance: individually evaluated for impairment $ $ 273 $ 2,026 $ 32,738 $ 3,229 $ 30 $ 38,296 Ending balance: collectively evaluated for impairment $ 19,278 $ $ 28,952 $ 159,079 $ 34,090 $ 6,774 $ 248,173 Residential and Land Real Estate, Real Estate, Commercial Gaming Development Construction Mortgage and Industrial Other Total For the Six Months Ended June 30, 2016: Allowance for Loan Losses: Beginning balance $ 582 $ 189 $ 589 $ 5,382 $ 1,075 $ 253 $ 8,070 Charge-offs (173 ) (553 ) (509 ) (94 ) (1,329 ) Recoveries 38 99 60 34 231 Provision 13 (79 ) 48 92 63 137 Ending Balance $ 582 $ 202 $ 375 $ 4,976 $ 718 $ 256 $ 7,109 For the Quarter Ended June 30, 2016: Allowance for Loan Losses: Beginning Balance $ 567 $ 195 $ 452 $ 5,414 $ 686 $ 250 $ 7,564 Charge-offs (84 ) (538 ) (44 ) (666 ) Recoveries 37 92 45 13 187 Provision 15 7 (30 ) 8 (13 ) 37 24 Ending Balance $ 582 $ 202 $ 375 $ 4,976 $ 718 $ 256 $ 7,109 Allowance for Loan Losses, June 30, 2016: Ending balance: individually evaluated for impairment $ $ 109 $ 243 $ 1,364 $ 147 $ 3 $ 1,866 Ending balance: collectively evaluated for impairment $ 582 $ 93 $ 132 $ 3,612 $ 571 $ 253 $ 5,243 Total Loans, June 30, 2016: Ending balance: individually evaluated for impairment $ $ 300 $ 2,732 $ 36,606 $ 2,043 $ 19 $ 41,700 Ending balance: collectively evaluated for impairment $ 30,421 $ 610 $ 36,549 $ 171,043 $ 39,002 $ 7,100 $ 284,725 |
Fair Value Measurements and D20
Fair Value Measurements and Disclosures (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
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 June 30, 2017 and December 31, 2016 are as follows (in thousands): Total Fair Value Measurements Using Level 1 Level 2 Level 3 June 30, 2017: U.S. Treasuries $ 128,721 $ $ 128,721 $ U.S. Government agencies 19,997 19,997 Mortgage-backed securities 58,291 58,291 States and political subdivisions 15,923 15,923 Equity securities 458 458 Total $ 223,390 $ $ 223,390 $ December 31, 2016: U.S. Treasuries $ 147,624 $ $ 147,624 $ U.S. Government agencies 24,825 24,825 Mortgage-backed securities 42,708 42,708 States and political subdivisions 17,963 17,963 Equity securities 458 458 Total $ 233,578 $ $ 233,578 $ |
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 June 30, 2017 and December 31, 2016, are as follows (in thousands): Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total June 30, 2017: Financial Assets: Cash and due from banks $ 49,531 $ 49,531 $ $ $ 49,531 Available for sale securities 223,390 223,390 223,390 Held to maturity securities 45,380 45,373 45,373 Other investments 2,722 2,722 2,722 Federal Home Loan Bank stock 543 543 543 Loans, net 280,988 273,442 273,442 Other real estate 7,358 7,358 7,358 Cash surrender value of life insurance 18,050 18,050 18,050 Financial Liabilities: Deposits: Non-interest 127,739 127,739 127,739 Interest bearing 414,593 415,158 415,158 Borrowings from Federal Home Loan Bank 1,229 1,525 1,525 December 31, 2016: Financial Assets: Cash and due from banks $ 41,116 $ 41,116 $ $ $ 41,116 Available for sale securities 233,578 233,578 233,578 Held to maturity securities 48,150 46,935 46,935 Other investments 2,693 2,693 2,693 Federal Home Loan Bank stock 539 539 539 Loans, net 309,889 313,613 313,613 Other real estate 8,513 8,513 8,513 Cash surrender value of life insurance 19,249 19,249 19,249 Financial Liabilities: Deposits: Non-interest 132,381 132,381 132,381 Interest bearing 442,635 442,937 442,937 Borrowings from Federal Home Loan Bank 6,257 6,491 6,491 |
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 Fair Value Measurements Using Total Level 1 Level 2 Level 3 June 30, 2017 $ 4,901 $ $ $ 4,901 December 31, 2016 5,006 5,006 |
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 Fair Value Measurements Using Total Level 1 Level 2 Level 3 June 30, 2017 $ 7,358 $ $ $ 7,358 December 31, 2016 8,513 8,513 |
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 Six For the Year Months Ended Ended June 30, 2017 December 31, 2016 Balance, beginning of period $ 8,513 $ 9,916 Loans transferred to ORE 45 1,903 Sales (979 ) (2,524 ) Writedowns (221 ) (782 ) Balance, end of period $ 7,358 $ 8,513 |
Basis of Presentation - Additio
Basis of Presentation - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2017Subsidiary | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Number of operating subsidiaries | 2 |
Earnings Per Share - Additional
Earnings Per Share - Additional Information (Detail) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] | ||||
Shares of common stock outstanding | 5,123,186 | 5,123,186 | 5,123,186 | 5,123,186 |
Statements of Cash Flows - Addi
Statements of Cash Flows - Additional Information (Detail) - USD ($) | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Supplemental Cash Flow Elements [Abstract] | ||
Interest on deposits and borrowings | $ 627,233 | $ 507,061 |
Income tax payments | 0 | 78,435 |
Loans transferred to other real estate | $ 44,391 | $ 853,758 |
Investments - Amortized Cost an
Investments - Amortized Cost and Fair Value of Securities (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | $ 223,668 | $ 236,101 |
Equity securities, amortized cost | 458 | 458 |
Total available for sale securities, amortized cost | 224,126 | 236,559 |
Total debt securities, gross unrealized gains | 859 | 621 |
Equity securities, gross unrealized gains | 0 | 0 |
Total available for sale securities, gross unrealized gains | 859 | 621 |
Total debt securities, gross unrealized losses | (1,595) | (3,602) |
Equity securities, gross unrealized losses | 0 | 0 |
Total available for sale securities, gross unrealized losses | (1,595) | (3,602) |
Total debt securities, fair value | 222,932 | 233,120 |
Equity securities, fair value | 458 | 458 |
Total available for sale securities, fair value | 223,390 | 233,578 |
Held to maturity securities, Amortized Cost | 45,380 | 48,150 |
Held to maturity securities, Gross Unrealized Gains | 467 | 29 |
Held to maturity securities, Gross Unrealized Losses | (474) | (1,244) |
Held to maturity securities, fair value | 45,373 | 46,935 |
States and Political Subdivisions [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 15,473 | 17,513 |
Total debt securities, gross unrealized gains | 450 | 450 |
Total debt securities, fair value | 15,923 | 17,963 |
Held to maturity securities, Amortized Cost | 37,195 | 36,677 |
Held to maturity securities, Gross Unrealized Gains | 467 | 29 |
Held to maturity securities, Gross Unrealized Losses | (296) | (927) |
Held to maturity securities, fair value | 37,366 | 35,779 |
U.S. Treasuries [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 129,803 | 149,676 |
Total debt securities, gross unrealized gains | 16 | 39 |
Total debt securities, gross unrealized losses | (1,098) | (2,091) |
Total debt securities, fair value | 128,721 | 147,624 |
U.S. Government Agencies [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 19,987 | 24,973 |
Total debt securities, gross unrealized gains | 92 | 58 |
Total debt securities, gross unrealized losses | (82) | (206) |
Total debt securities, fair value | 19,997 | 24,825 |
Held to maturity securities, Amortized Cost | 8,185 | 10,009 |
Held to maturity securities, Gross Unrealized Losses | (178) | (315) |
Held to maturity securities, fair value | 8,007 | 9,694 |
Mortgage-backed Securities [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 58,405 | 43,939 |
Total debt securities, gross unrealized gains | 301 | 74 |
Total debt securities, gross unrealized losses | (415) | (1,305) |
Total debt securities, fair value | $ 58,291 | 42,708 |
Corporate Bond [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Held to maturity securities, Amortized Cost | 1,464 | |
Held to maturity securities, Gross Unrealized Losses | (2) | |
Held to maturity securities, fair value | $ 1,462 |
Investments - Amortized Cost 25
Investments - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Available for sale securities: | ||
Available for sale securities, Due in one year or less, Amortized Cost | $ 31,930 | |
Available for sale securities, Due after one year through five years, Amortized Cost | 109,328 | |
Available for sale securities, Due after five year through ten years, Amortized Cost | 23,672 | |
Available for sale securities, Due after ten years, Amortized Cost | 333 | |
Available for sale securities, Mortgage-backed securities, Amortized Cost | 58,405 | |
Total available for sale debt securities, Amortized Cost | 223,668 | $ 236,101 |
Available for sale securities, Due in one year or less, Fair Value | 31,885 | |
Available for sale securities, Due after one year through five years, Fair Value | 109,088 | |
Available for sale securities, Due after five years through ten years, Fair Value | 23,315 | |
Available for sale securities, Due after ten years, Fair Value | 353 | |
Available for sale securities, Mortgage-backed securities, Fair value | 58,291 | |
Total available for sale debt securities, Fair Value | 222,932 | 233,120 |
Held to maturity securities: | ||
Held to maturity securities, Due in one year or less, Amortized Cost | 557 | |
Held to maturity securities, Due after one year through five years, Amortized Cost | 11,704 | |
Held to maturity securities, Due after five years through ten years, Amortized Cost | 19,544 | |
Held to maturity securities, Due after ten years, Amortized Cost | 13,575 | |
Held to maturity securities, Amortized Cost | 45,380 | 48,150 |
Held to maturity securities, Due in one year or less, Fair Value | 557 | |
Held to maturity securities, Due after one year through five years, Fair Value | 11,784 | |
Held to maturity securities, Due after five years through ten years, Fair Value | 19,611 | |
Held to maturity securities, Due after ten years, Fair Value | 13,421 | |
Total held to maturity securities, Fair Value | $ 45,373 | $ 46,935 |
Investments - Available for Sal
Investments - Available for Sale and Held to Maturity Securities with Gross Unrealized Losses (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | $ 151,218 | $ 184,402 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 2,069 | 4,843 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 2,051 | |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 3 | |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 151,218 | 186,453 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 2,069 | 4,846 |
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 | 103,761 | 97,634 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 1,098 | 2,091 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 103,761 | 97,634 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 1,098 | 2,091 |
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 | 14,729 | 24,478 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 260 | 521 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 14,729 | 24,478 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 260 | 521 |
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 | 21,649 | 37,663 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 415 | 1,305 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 21,649 | 37,663 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 415 | 1,305 |
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 | 11,079 | 24,627 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 296 | 926 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 589 | |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 1 | |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 11,079 | 25,216 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | $ 296 | 927 |
Corporate Bond [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 1,462 | |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 2 | |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 1,462 | |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | $ 2 |
Investments - Additional Inform
Investments - Additional Information (Detail) | 6 Months Ended | ||
Jun. 30, 2017USD ($)Securities | Jun. 30, 2016USD ($) | Dec. 31, 2016USD ($) | |
Schedule of Available-for-sale Securities [Line Items] | |||
Proceeds from sales and calls of available for sale securities | $ | $ 23,703,484 | $ 21,250,806 | |
Realized gain on sale of available for sale debt securities | $ | 136,781 | $ 90,738 | |
Amount of securities with fair value | $ | $ 186,710,004 | $ 180,659,168 | |
U.S. Treasuries [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 21 | ||
Securities issued | 26 | ||
U.S. Government Agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 3 | ||
Securities issued | 6 | ||
States and Political Subdivisions [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 30 | ||
Securities issued | 136 | ||
Mortgage-backed Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 10 | ||
Securities issued | 26 |
Loans - Composition of Loan Por
Loans - Composition of Loan Portfolio (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable, Net Amount [Abstract] | ||
Gaming | $ 19,278 | $ 31,311 |
Residential and land development | 273 | 291 |
Real estate, construction | 30,978 | 32,503 |
Real estate, mortgage | 191,817 | 206,172 |
Commercial and industrial | 37,319 | 37,035 |
Other | 6,804 | 8,043 |
Total | $ 286,469 | $ 315,355 |
Loans - Age Analysis of Loan Po
Loans - Age Analysis of Loan Portfolio, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | $ 15,946 | $ 14,528 |
Current | 270,523 | 300,827 |
Total | 286,469 | 315,355 |
Loans Past Due Greater Than 90 Days and Still Accruing | 13 | |
Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 1,975 | 2,200 |
Current | 29,003 | 30,303 |
Total | 30,978 | 32,503 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 892 | 875 |
Current | 36,427 | 36,160 |
Total | 37,319 | 37,035 |
Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 13 | 160 |
Current | 6,791 | 7,883 |
Total | 6,804 | 8,043 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 4,817 | 6,421 |
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 | 795 | 902 |
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 | 250 | 867 |
30-59 Days Past Due [Member] | Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 13 | 44 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 799 | 2,175 |
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 | 117 | 216 |
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 | 199 | |
60-89 Days Past Due [Member] | Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 36 | |
Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 10,330 | 5,932 |
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 | 1,063 | 1,082 |
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 | 443 | 8 |
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 | 80 | |
Gaming [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 19,278 | 31,311 |
Total | 19,278 | 31,311 |
Residential and Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 273 | 291 |
Total | 273 | 291 |
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 | 273 | 291 |
Real Estate, Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 12,793 | 11,002 |
Current | 179,024 | 195,170 |
Total | 191,817 | 206,172 |
Loans Past Due Greater Than 90 Days and Still Accruing | 13 | |
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 | 3,759 | 4,608 |
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 | 483 | 1,923 |
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 | $ 8,551 | $ 4,471 |
Loans - Analysis of Loan Portfo
Loans - Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Gaming | $ 19,278 | $ 31,311 |
Residential and land development | 273 | 291 |
Real estate, construction | 30,978 | 32,503 |
Real estate, mortgage | 191,817 | 206,172 |
Commercial and industrial | 37,319 | 37,035 |
Other | 6,804 | 8,043 |
Total | 286,469 | 315,355 |
A, B or C [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gaming | 19,278 | 31,311 |
Real estate, construction | 28,538 | 29,954 |
Real estate, mortgage | 142,891 | 155,671 |
Commercial and industrial | 12,258 | 13,926 |
Other | 6,774 | 7,996 |
Total | 209,739 | 238,858 |
S [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Real estate, construction | 414 | 435 |
Real estate, mortgage | 16,188 | 17,651 |
Commercial and industrial | 21,832 | 21,680 |
Total | 38,434 | 39,766 |
D [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Real estate, construction | 375 | 517 |
Real estate, mortgage | 21,867 | 22,901 |
Commercial and industrial | 2,228 | 867 |
Other | 26 | 42 |
Total | 24,496 | 24,327 |
E [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Residential and land development | 273 | 291 |
Real estate, construction | 1,651 | 1,597 |
Real estate, mortgage | 10,871 | 9,949 |
Commercial and industrial | 1,001 | 562 |
Other | 4 | 5 |
Total | $ 13,800 | $ 12,404 |
Loans - Total Loans on Nonaccru
Loans - Total Loans on Nonaccrual (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | $ 13,705 | $ 11,854 |
Total loans on nonaccrual | 6,804 | 8,043 |
Residential and Land Development [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 273 | 291 |
Real Estate, Mortgage [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 10,822 | 9,445 |
Real Estate, Construction [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 1,651 | 1,598 |
Commercial and Industrial [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 955 | 515 |
Other [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | $ 4 | $ 5 |
Loans - Additional Information
Loans - Additional Information (Detail) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Receivables [Abstract] | ||
Specific reserves allocated to troubled debt restructurings | $ 92,000 | $ 100,000 |
Commitments to lend additional amounts to customers with outstanding loans classified as troubled debt restructurings | $ 0 | $ 0 |
Loans - Impaired Loans, Segrega
Loans - Impaired Loans, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | $ 13,642 | $ 14,387 |
With no related allowance recorded, Recorded Investment | 12,169 | 11,128 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 12,266 | 12,515 |
With no related allowance recorded, Interest Income Recognized | 16 | 23 |
With a related allowance recorded, Unpaid Principal Balance | 3,806 | 1,910 |
With a related allowance recorded, Recorded Investment | 2,693 | 1,910 |
With a related allowance recorded, Related Allowance | 535 | 403 |
With a related allowance recorded, Average Recorded Investment | 2,727 | 1,668 |
With a related allowance recorded, Interest Income Recognized | 14 | 30 |
Total by class of loans, Unpaid Principal Balance | 17,448 | 16,297 |
Total by class of loans, Recorded Investment | 14,862 | 13,038 |
Total by class of loans, Related Allowance | 535 | 403 |
Total by class of loans, Average Recorded Investment | 14,993 | 14,183 |
Total by class of loans, Interest Income Recognized | 30 | 53 |
Real Estate, Construction [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 1,570 | 2,023 |
With no related allowance recorded, Recorded Investment | 1,096 | 1,331 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 1,126 | 1,395 |
With a related allowance recorded, Unpaid Principal Balance | 774 | 267 |
With a related allowance recorded, Recorded Investment | 555 | 267 |
With a related allowance recorded, Related Allowance | 122 | 141 |
With a related allowance recorded, Average Recorded Investment | 563 | 283 |
Total by class of loans, Unpaid Principal Balance | 2,344 | 2,290 |
Total by class of loans, Recorded Investment | 1,651 | 1,598 |
Total by class of loans, Related Allowance | 122 | 141 |
Total by class of loans, Average Recorded Investment | 1,689 | 1,678 |
Commercial and Industrial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 941 | 553 |
With no related allowance recorded, Recorded Investment | 903 | 515 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 917 | 538 |
With a related allowance recorded, Unpaid Principal Balance | 52 | |
With a related allowance recorded, Recorded Investment | 52 | |
With a related allowance recorded, Related Allowance | 43 | |
With a related allowance recorded, Average Recorded Investment | 52 | |
Total by class of loans, Unpaid Principal Balance | 993 | 553 |
Total by class of loans, Recorded Investment | 955 | 515 |
Total by class of loans, Related Allowance | 43 | |
Total by class of loans, Average Recorded Investment | 969 | 538 |
Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With a related allowance recorded, Unpaid Principal Balance | 4 | 5 |
With a related allowance recorded, Recorded Investment | 4 | 5 |
With a related allowance recorded, Related Allowance | 1 | 1 |
With a related allowance recorded, Average Recorded Investment | 4 | 1 |
Total by class of loans, Unpaid Principal Balance | 4 | 5 |
Total by class of loans, Recorded Investment | 4 | 5 |
Total by class of loans, Related Allowance | 1 | 1 |
Total by class of loans, Average Recorded Investment | 4 | 1 |
Residential and Land Development [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With a related allowance recorded, Unpaid Principal Balance | 273 | 291 |
With a related allowance recorded, Recorded Investment | 273 | 291 |
With a related allowance recorded, Related Allowance | 58 | 66 |
With a related allowance recorded, Average Recorded Investment | 281 | 304 |
Total by class of loans, Unpaid Principal Balance | 273 | 291 |
Total by class of loans, Recorded Investment | 273 | 291 |
Total by class of loans, Related Allowance | 58 | 66 |
Total by class of loans, Average Recorded Investment | 281 | 304 |
Real Estate, Mortgage [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 11,131 | 11,811 |
With no related allowance recorded, Recorded Investment | 10,170 | 9,282 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 10,223 | 10,582 |
With no related allowance recorded, Interest Income Recognized | 16 | 23 |
With a related allowance recorded, Unpaid Principal Balance | 2,703 | 1,347 |
With a related allowance recorded, Recorded Investment | 1,809 | 1,347 |
With a related allowance recorded, Related Allowance | 311 | 195 |
With a related allowance recorded, Average Recorded Investment | 1,827 | 1,080 |
With a related allowance recorded, Interest Income Recognized | 14 | 30 |
Total by class of loans, Unpaid Principal Balance | 13,834 | 13,158 |
Total by class of loans, Recorded Investment | 11,979 | 10,629 |
Total by class of loans, Related Allowance | 311 | 195 |
Total by class of loans, Average Recorded Investment | 12,050 | 11,662 |
Total by class of loans, Interest Income Recognized | $ 30 | $ 53 |
Allowance for Loan Losses - Tra
Allowance for Loan Losses - Transactions in Allowance for loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | $ 5,482 | $ 7,564 | $ 5,466 | $ 8,070 |
Charge-offs | (44) | (666) | (103) | (1,329) |
Recoveries | 13 | 187 | 62 | 231 |
Provision | 30 | 24 | 56 | 137 |
Ending Balance | 5,481 | 7,109 | 5,481 | 7,109 |
Individually evaluated for impairment | 1,024 | 1,866 | 1,024 | 1,866 |
Collectively evaluated for impairment | 4,457 | 5,243 | 4,457 | 5,243 |
Individually evaluated for impairment, Total | 38,296 | 41,700 | 38,296 | 41,700 |
Collectively evaluated for impairment, Total | 248,173 | 284,725 | 248,173 | 284,725 |
Real Estate, Construction [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 211 | 452 | 199 | 589 |
Charge-offs | (84) | (173) | ||
Recoveries | 2 | 37 | 12 | 38 |
Provision | 19 | (30) | 21 | (79) |
Ending Balance | 232 | 375 | 232 | 375 |
Individually evaluated for impairment | 122 | 243 | 122 | 243 |
Collectively evaluated for impairment | 110 | 132 | 110 | 132 |
Individually evaluated for impairment, Total | 2,026 | 2,732 | 2,026 | 2,732 |
Collectively evaluated for impairment, Total | 28,952 | 36,549 | 28,952 | 36,549 |
Commercial and Industrial [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 683 | 686 | 651 | 1,075 |
Charge-offs | (509) | |||
Recoveries | 45 | 11 | 60 | |
Provision | (11) | (13) | 10 | 92 |
Ending Balance | 672 | 718 | 672 | 718 |
Individually evaluated for impairment | 247 | 147 | 247 | 147 |
Collectively evaluated for impairment | 425 | 571 | 425 | 571 |
Individually evaluated for impairment, Total | 3,229 | 2,043 | 3,229 | 2,043 |
Collectively evaluated for impairment, Total | 34,090 | 39,002 | 34,090 | 39,002 |
Other [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 209 | 250 | 205 | 253 |
Charge-offs | (36) | (44) | (95) | (94) |
Recoveries | 11 | 13 | 31 | 34 |
Provision | 23 | 37 | 66 | 63 |
Ending Balance | 207 | 256 | 207 | 256 |
Individually evaluated for impairment | 17 | 3 | 17 | 3 |
Collectively evaluated for impairment | 190 | 253 | 190 | 253 |
Individually evaluated for impairment, Total | 30 | 19 | 30 | 19 |
Collectively evaluated for impairment, Total | 6,774 | 7,100 | 6,774 | 7,100 |
Gaming [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 377 | 567 | 545 | 582 |
Provision | 19 | 15 | (149) | |
Ending Balance | 396 | 582 | 396 | 582 |
Collectively evaluated for impairment | 396 | 582 | 396 | 582 |
Collectively evaluated for impairment, Total | 19,278 | 30,421 | 19,278 | 30,421 |
Residential and Land Development [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 66 | 195 | 66 | 189 |
Provision | (8) | 7 | (8) | 13 |
Ending Balance | 58 | 202 | 58 | 202 |
Individually evaluated for impairment | 58 | 109 | 58 | 109 |
Collectively evaluated for impairment | 93 | 93 | ||
Individually evaluated for impairment, Total | 273 | 300 | 273 | 300 |
Collectively evaluated for impairment, Total | 610 | 610 | ||
Real Estate, Mortgage [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 3,936 | 5,414 | 3,800 | 5,382 |
Charge-offs | (8) | (538) | (8) | (553) |
Recoveries | 92 | 8 | 99 | |
Provision | (12) | 8 | 116 | 48 |
Ending Balance | 3,916 | 4,976 | 3,916 | 4,976 |
Individually evaluated for impairment | 580 | 1,364 | 580 | 1,364 |
Collectively evaluated for impairment | 3,336 | 3,612 | 3,336 | 3,612 |
Individually evaluated for impairment, Total | 32,738 | 36,606 | 32,738 | 36,606 |
Collectively evaluated for impairment, Total | $ 159,079 | $ 171,043 | $ 159,079 | $ 171,043 |
Deposits - Additional Informati
Deposits - Additional Information (Detail) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
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 | $ 29,260,000 | $ 25,143,000 |
Fair Value Measurements and D36
Fair Value Measurements and Disclosures - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2017USD ($) | |
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 D37
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale, Equity securities | $ 458 | $ 458 |
Available for sale securities | 223,390 | 233,578 |
U.S. Treasuries [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 128,721 | 147,624 |
U.S. Government Agencies [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 19,997 | 24,825 |
Mortgage-backed Securities [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 58,291 | 42,708 |
States and Political Subdivisions [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 15,923 | 17,963 |
Level 2 [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale, Equity securities | 458 | 458 |
Available for sale securities | 223,390 | 233,578 |
Level 2 [Member] | U.S. Treasuries [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 128,721 | 147,624 |
Level 2 [Member] | U.S. Government Agencies [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 19,997 | 24,825 |
Level 2 [Member] | Mortgage-backed Securities [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 58,291 | 42,708 |
Level 2 [Member] | States and Political Subdivisions [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | $ 15,923 | $ 17,963 |
Fair Value Measurements and D38
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Impairment Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value measured on non-recurring basis, impaired loans | $ 4,901 | $ 5,006 |
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 | $ 4,901 | $ 5,006 |
Fair Value Measurements and D39
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Other Real Estate (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
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 | $ 7,358 | $ 8,513 | $ 9,916 |
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 | $ 7,358 | $ 8,513 |
Fair Value Measurements and D40
Fair Value Measurements and Disclosures - Change in Fair Value of Other Real Estate (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Other Real Estate [Abstract] | ||
Balance, beginning of period | $ 8,513 | $ 9,916 |
Loans transferred to ORE | 45 | 1,903 |
Sales | (979) | (2,524) |
Writedowns | (221) | (782) |
Balance, end of period | $ 7,358 | $ 8,513 |
Fair Value Measurements and D41
Fair Value Measurements and Disclosures - Carrying Value and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Financial Assets: | ||
Cash and due from banks | $ 49,531 | $ 41,116 |
Available for sale securities | 223,390 | 233,578 |
Held to maturity securities | 45,380 | 48,150 |
Held to maturity securities, fair value | 45,373 | 46,935 |
Other investments | 2,722 | 2,693 |
Other investments, Fair Value | 2,722 | 2,693 |
Federal Home Loan Bank stock | 543 | 539 |
Federal Home Loan Bank stock, Fair Value | 543 | 539 |
Loans, net | 280,988 | 309,889 |
Loans, net, Fair Value | 273,442 | 313,613 |
Other real estate | 7,358 | 8,513 |
Other real estate, Fair Value | 7,358 | 8,513 |
Cash surrender value of life insurance | 18,050 | 19,249 |
Cash surrender value of life insurance, Fair Value | 18,050 | 19,249 |
Deposits: | ||
Non-interest bearing | 127,739 | 132,381 |
Non-interest bearing, Fair Value | 127,739 | 132,381 |
Interest bearing, Fair Value | 415,158 | 442,937 |
Borrowings from Federal Home Loan Bank | 1,229 | 6,257 |
Borrowings from Federal Home Loan Bank, Fair Value | 1,525 | 6,491 |
Carrying Amount [Member] | ||
Financial Assets: | ||
Cash and due from banks | 49,531 | 41,116 |
Available for sale securities | 223,390 | 233,578 |
Held to maturity securities | 45,380 | 48,150 |
Other investments | 2,722 | 2,693 |
Federal Home Loan Bank stock | 543 | 539 |
Loans, net | 280,988 | 309,889 |
Other real estate | 7,358 | 8,513 |
Cash surrender value of life insurance | 18,050 | 19,249 |
Deposits: | ||
Non-interest bearing | 127,739 | 132,381 |
Interest bearing | 414,593 | 442,635 |
Borrowings from Federal Home Loan Bank | 1,229 | 6,257 |
Level 1 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 49,531 | 41,116 |
Other investments, Fair Value | 2,722 | 2,693 |
Deposits: | ||
Non-interest bearing, Fair Value | 127,739 | 132,381 |
Level 2 [Member] | ||
Financial Assets: | ||
Available for sale securities | 223,390 | 233,578 |
Held to maturity securities, fair value | 45,373 | 46,935 |
Federal Home Loan Bank stock, Fair Value | 543 | 539 |
Cash surrender value of life insurance, Fair Value | 18,050 | 19,249 |
Deposits: | ||
Borrowings from Federal Home Loan Bank, Fair Value | 1,525 | 6,491 |
Level 3 [Member] | ||
Financial Assets: | ||
Loans, net, Fair Value | 273,442 | 313,613 |
Other real estate, Fair Value | 7,358 | 8,513 |
Deposits: | ||
Interest bearing, Fair Value | $ 415,158 | $ 442,937 |